10-Q Filing

TOMI Environmental Solutions, Inc. CIK: 314227 Q1 2021

Filing Information

Form Type	10-Q
Accession Number	`0001654954-21-005868`
Period End Date	20210331
Filing Date	20210517
Fiscal Year	2021
Fiscal Period	Q1
XBRL Instance	tomi-20210331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 70 Income Statement 44 Cash Flow Statement 70 Stockholders Equity 16

Balance Sheet 70 line items

Line Item	Tag	Value	Unit	Period
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.20M	USD	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$897.22K	USD	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.95M	USD	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.76M	USD	Point-in-time
Accounts Receivable - net	`AccountsReceivableNetCurrent`	$3.72M	USD	Point-in-time
Accounts Receivable - net	`AccountsReceivableNetCurrent`	$3.74M	USD	Point-in-time
Other Receivables	`OtherReceivablesNetCurrent`	$198.95K	USD	Point-in-time
Other Receivables	`OtherReceivablesNetCurrent`	-	USD	Point-in-time
Inventories (Note 3)	`InventoryNet`	$4.77M	USD	Point-in-time
Common Stock; Par Value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common Stock; Par Value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Inventories (Note 3)	`InventoryNet`	$3.78M	USD	Point-in-time
Vendor Deposits (Note 4)	`DepositsAssetsCurrent`	$388.71K	USD	Point-in-time
Common Stock; Shares Authorized	`CommonStockSharesAuthorized`	250.00M	shares	Point-in-time
Common Stock; Shares Authorized	`CommonStockSharesAuthorized`	250.00M	shares	Point-in-time
Vendor Deposits (Note 4)	`DepositsAssetsCurrent`	$146.13K	USD	Point-in-time
Common Stock; Shares Issued	`CommonStockSharesIssued`	16.76M	shares	Point-in-time
Prepaid Expenses	`PrepaidExpenseCurrent`	$316.44K	USD	Point-in-time
Prepaid Expenses	`PrepaidExpenseCurrent`	$421.31K	USD	Point-in-time
Common Stock; Shares Issued	`CommonStockSharesIssued`	16.81M	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$13.71M	USD	Point-in-time
Common Stock; Shares Outstanding	`CommonStockSharesOutstanding`	16.76M	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$12.92M	USD	Point-in-time
Common Stock; Shares Outstanding	`CommonStockSharesOutstanding`	16.81M	shares	Point-in-time
Property and Equipment - net (Note 5)	`PropertyPlantAndEquipmentNet`	$1.30M	USD	Point-in-time
Property and Equipment - net (Note 5)	`PropertyPlantAndEquipmentNet`	$1.24M	USD	Point-in-time
Intangible Assets - net (Note 6)	`IntangibleAssetsNetExcludingGoodwill`	$722.92K	USD	Point-in-time
Intangible Assets - net (Note 6)	`IntangibleAssetsNetExcludingGoodwill`	$720.49K	USD	Point-in-time
Operating Lease - Right of Use Asset (Note 7)	`OperatingLeaseRightOfUseAsset`	$619.99K	USD	Point-in-time
Operating Lease - Right of Use Asset (Note 7)	`OperatingLeaseRightOfUseAsset`	$631.53K	USD	Point-in-time
Capitalized Software Development Costs - net (Note 8)	`CapitalizedSoftwareDevelopmentCostsForSoftwareSoldToCustomers`	$52.38K	USD	Point-in-time
Capitalized Software Development Costs - net (Note 8)	`CapitalizedSoftwareDevelopmentCostsForSoftwareSoldToCustomers`	$41.90K	USD	Point-in-time
Other Assets	`OtherAssetsOther`	$358.94K	USD	Point-in-time
Other Assets	`OtherAssetsOther`	$516.23K	USD	Point-in-time
Total Other Assets	`OtherAssets`	$1.90M	USD	Point-in-time
Total Other Assets	`OtherAssets`	$1.77M	USD	Point-in-time
Total Assets	`Assets`	$16.05M	USD	Point-in-time
Total Assets	`Assets`	$16.77M	USD	Point-in-time
Accounts Payable	`AccountsPayableCurrent`	$2.05M	USD	Point-in-time
Accounts Payable	`AccountsPayableCurrent`	$1.50M	USD	Point-in-time
Accrued Expenses and Other Current Liabilities (Note 13)	`AccruedLiabilitiesAndOtherLiabilities`	$501.85K	USD	Point-in-time
Accrued Expenses and Other Current Liabilities (Note 13)	`AccruedLiabilitiesAndOtherLiabilities`	$629.80K	USD	Point-in-time
Customer Deposits	`CustomerDepositsCurrent`	$28.95K	USD	Point-in-time
Customer Deposits	`CustomerDepositsCurrent`	$118.88K	USD	Point-in-time
Current Portion of Long-Term Operating Lease	`OperatingLeaseLiabilityCurrent`	$81.22K	USD	Point-in-time
Current Portion of Long-Term Operating Lease	`OperatingLeaseLiabilityCurrent`	$83.77K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$2.20M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$2.79M	USD	Point-in-time
Loan Payable (Note 15)	`LongTermLoansPayable`	$410.70K	USD	Point-in-time
Loan Payable (Note 15)	`LongTermLoansPayable`	$410.70K	USD	Point-in-time
Long-Term Operating Lease, Net of Current Portion (Note 7)	`OperatingLeaseLiabilityNoncurrent`	$931.70K	USD	Point-in-time
Long-Term Operating Lease, Net of Current Portion (Note 7)	`OperatingLeaseLiabilityNoncurrent`	$953.19K	USD	Point-in-time
Total Long-Term Liabilities	`LiabilitiesNoncurrent`	$1.34M	USD	Point-in-time
Total Long-Term Liabilities	`LiabilitiesNoncurrent`	$1.36M	USD	Point-in-time
Total Liabilities	`Liabilities`	$4.13M	USD	Point-in-time
Total Liabilities	`Liabilities`	$3.57M	USD	Point-in-time
Commitments and Contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and Contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock; par value $0.01 per share, 250,000,000 shares authorized: 16,811,513 and 16,761,513 shares issued and outstanding at March 31, 2021 and December 31, 2020, respectively.	`CommonStockValue`	$167.62K	USD	Point-in-time
Common stock; par value $0.01 per share, 250,000,000 shares authorized: 16,811,513 and 16,761,513 shares issued and outstanding at March 31, 2021 and December 31, 2020, respectively.	`CommonStockValue`	$168.12K	USD	Point-in-time
Additional Paid-in Capital	`AdditionalPaidInCapital`	$52.14M	USD	Point-in-time
Additional Paid-in Capital	`AdditionalPaidInCapital`	$52.37M	USD	Point-in-time
Accumulated Deficit	`RetainedEarningsAccumulatedDeficit`	$-39.11M	USD	Point-in-time
Accumulated Deficit	`RetainedEarningsAccumulatedDeficit`	$-40.62M	USD	Point-in-time
Total Shareholders' Equity	`StockholdersEquity`	$889.54K	USD	Point-in-time
Total Shareholders' Equity	`StockholdersEquity`	$8.32M	USD	Point-in-time
Total Shareholders' Equity	`StockholdersEquity`	$13.20M	USD	Point-in-time
Total Shareholders' Equity	`StockholdersEquity`	$11.92M	USD	Point-in-time
Total Liabilities and Shareholders' Equity	`LiabilitiesAndStockholdersEquity`	$16.05M	USD	Point-in-time
Total Liabilities and Shareholders' Equity	`LiabilitiesAndStockholdersEquity`	$16.77M	USD	Point-in-time

Income Statement 44 line items

Line Item	Tag	Value	Unit	Period
Sales, net	`Revenues`	$2.07M	USD	1 Quarter
Sales, net	`Revenues`	$7.05M	USD	1 Quarter
Cost of Sales	`CostOfRevenue`	$2.57M	USD	1 Quarter
Cost of Sales	`CostOfRevenue`	$838.30K	USD	1 Quarter
Gross Profit	`GrossProfit`	$4.49M	USD	1 Quarter
Gross Profit	`GrossProfit`	$1.24M	USD	1 Quarter
Professional Fees	`ProfessionalFees`	$173.49K	USD	1 Quarter
Professional Fees	`ProfessionalFees`	$136.12K	USD	1 Quarter
Depreciation and Amortization	`DepreciationAndAmortization`	$83.45K	USD	1 Quarter
Depreciation and Amortization	`DepreciationAndAmortization`	$171.91K	USD	1 Quarter
Selling Expenses	`SellingExpense`	$378.64K	USD	1 Quarter
Selling Expenses	`SellingExpense`	$474.39K	USD	1 Quarter
Research and Development	`ResearchAndDevelopmentExpense`	$59.46K	USD	1 Quarter
Research and Development	`ResearchAndDevelopmentExpense`	$195.62K	USD	1 Quarter
Equity Compensation Expense (Note 10)	`ShareBasedCompensation`	-	USD	1 Quarter
Equity Compensation Expense (Note 10)	`ShareBasedCompensation`	$182.77K	USD	1 Quarter
Consulting Fees	`ConsultingFees`	$81.55K	USD	1 Quarter
Consulting Fees	`ConsultingFees`	$106.17K	USD	1 Quarter
General and Administrative	`OtherGeneralAndAdministrativeExpense`	$1.71M	USD	1 Quarter
General and Administrative	`OtherGeneralAndAdministrativeExpense`	$818.14K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$2.75M	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$1.83M	USD	1 Quarter
Income (Loss) from Operations	`OperatingIncomeLoss`	$-1.51M	USD	1 Quarter
Income (Loss) from Operations	`OperatingIncomeLoss`	$2.66M	USD	1 Quarter
Interest Income	`InterestIncomeOther`	$542.00	USD	1 Quarter
Interest Income	`InterestIncomeOther`	$427.00	USD	1 Quarter
Interest Expense	`InterestExpense`	$1.03K	USD	1 Quarter
Interest Expense	`InterestExpense`	$40.69K	USD	1 Quarter
Total Other Income (Expense)	`NonoperatingIncomeExpense`	$-608.00	USD	1 Quarter
Total Other Income (Expense)	`NonoperatingIncomeExpense`	$-40.15K	USD	1 Quarter
Income (Loss) Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$2.62M	USD	1 Quarter
Income (Loss) Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-1.51M	USD	1 Quarter
Provision for Income Taxes (Note 16)	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Provision for Income Taxes (Note 16)	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$2.62M	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$-1.51M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.17	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$-0.09	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.14	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$-0.09	USD	1 Quarter
Basic Weighted Average Common Shares Outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	16.81M	shares	1 Quarter
Basic Weighted Average Common Shares Outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	15.85M	shares	1 Quarter
Diluted Weighted Average Common Shares Outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	16.81M	shares	1 Quarter
Diluted Weighted Average Common Shares Outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	18.12M	shares	1 Quarter

Cash Flow Statement 70 line items

Line Item	Tag	Value	Unit	Period
Net Income (Loss)	`NetIncomeLoss`	$2.62M	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$-1.51M	USD	1 Quarter
Depreciation and Amortization	`OtherDepreciationAndAmortization`	$83.45K	USD	1 Quarter
Depreciation and Amortization	`OtherDepreciationAndAmortization`	$171.91K	USD	1 Quarter
Amortization of Right of Use Asset	`OperatingLeaseRightOfUseAssetAmortizationExpense`	$39.33K	USD	1 Quarter
Amortization of Right of Use Asset	`OperatingLeaseRightOfUseAssetAmortizationExpense`	$39.33K	USD	1 Quarter
Amortization of Software Costs	`CapitalizedComputerSoftwareAmortization1`	$10.47K	USD	1 Quarter
Amortization of Software Costs	`CapitalizedComputerSoftwareAmortization1`	$10.47K	USD	1 Quarter
Equity Compensation Expense	`EquityCompensationExpense`	-	USD	1 Quarter
Equity Compensation Expense	`EquityCompensationExpense`	$182.77K	USD	1 Quarter
Value of Equity Issued for Services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$228.00K	USD	1 Quarter
Value of Equity Issued for Services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$48.00K	USD	1 Quarter
Reserve for Bad Debt	`AllowanceForDoubtfulAccountsReceivablePeriodIncreaseDecrease`	$115.00K	USD	1 Quarter
Reserve for Bad Debt	`AllowanceForDoubtfulAccountsReceivablePeriodIncreaseDecrease`	$25.00K	USD	1 Quarter
Inventory Reserve	`InventoryLIFOReservePeriodCharge`	-	USD	1 Quarter
Inventory Reserve	`InventoryLIFOReservePeriodCharge`	$-100.00K	USD	1 Quarter
Accounts Receivable	`IncreaseDecreaseInAccountsReceivable`	$141.73K	USD	1 Quarter
Accounts Receivable	`IncreaseDecreaseInAccountsReceivable`	$1.68M	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$983.94K	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$-1.82M	USD	1 Quarter
Prepaid Expenses	`IncreaseDecreaseInPrepaidExpense`	$-104.87K	USD	1 Quarter
Prepaid Expenses	`IncreaseDecreaseInPrepaidExpense`	$-16.81K	USD	1 Quarter
Vendor Deposits	`IncreaseDecreaseInDeposits`	$-1.13M	USD	1 Quarter
Vendor Deposits	`IncreaseDecreaseInDeposits`	$242.58K	USD	1 Quarter
Other Receivables	`IncreaseDecreaseInOtherReceivables`	-	USD	1 Quarter
Other Receivables	`IncreaseDecreaseInOtherReceivables`	$-198.95K	USD	1 Quarter
Other Assets	`IncreaseDecreaseInOtherOperatingAssets`	$8.92K	USD	1 Quarter
Other Assets	`IncreaseDecreaseInOtherOperatingAssets`	$157.29K	USD	1 Quarter
Accounts Payable	`IncreaseDecreaseInAccountsPayable`	$118.95K	USD	1 Quarter
Accounts Payable	`IncreaseDecreaseInAccountsPayable`	$545.20K	USD	1 Quarter
Accrued Expenses	`IncreaseDecreaseInAccruedLiabilities`	$263.20K	USD	1 Quarter
Accrued Expenses	`IncreaseDecreaseInAccruedLiabilities`	$127.95K	USD	1 Quarter
Accrued Interest	`DebtInstrumentIncreaseAccruedInterest`	-	USD	1 Quarter
Accrued Interest	`DebtInstrumentIncreaseAccruedInterest`	$66.67K	USD	1 Quarter
Customer Deposits	`IncreaseDecreaseInCustomerDeposits`	$-89.93K	USD	1 Quarter
Customer Deposits	`IncreaseDecreaseInCustomerDeposits`	$1.02M	USD	1 Quarter
Lease Liability	`IncreaseDecreaseInLeaseLiabilities`	$-35.87K	USD	1 Quarter
Lease Liability	`IncreaseDecreaseInLeaseLiabilities`	$-36.94K	USD	1 Quarter
Net Cash Provided (Used) in Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.22M	USD	1 Quarter
Net Cash Provided (Used) in Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$3.32M	USD	1 Quarter
Purchase of Property and Equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$14.59K	USD	1 Quarter
Purchase of Property and Equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$28.20K	USD	1 Quarter
Net Cash Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-28.20K	USD	1 Quarter
Net Cash Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-14.59K	USD	1 Quarter
Proceeds from Exercise of Warrants and Options	`ProceedsFromStockOptionsExercised`	$57.50K	USD	1 Quarter
Proceeds from Exercise of Warrants and Options	`ProceedsFromStockOptionsExercised`	-	USD	1 Quarter
Repayment of Principal Balance on Convertible Note	`RepaymentsOfConvertibleDebt`	$500.00K	USD	1 Quarter
Repayment of Principal Balance on Convertible Note	`RepaymentsOfConvertibleDebt`	-	USD	1 Quarter
Net Cash (Used) in Financing Activities:	`NetCashProvidedByUsedInFinancingActivities`	$-442.50K	USD	1 Quarter
Net Cash (Used) in Financing Activities:	`NetCashProvidedByUsedInFinancingActivities`	-	USD	1 Quarter
Increase (Decrease) In Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.25M	USD	1 Quarter
Increase (Decrease) In Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$2.86M	USD	1 Quarter
Cash and Cash Equivalents - Beginning	`CashAndCashEquivalentsAtCarryingValue`	$5.20M	USD	Point-in-time
Cash and Cash Equivalents - Beginning	`CashAndCashEquivalentsAtCarryingValue`	$897.22K	USD	Point-in-time
Cash and Cash Equivalents - Beginning	`CashAndCashEquivalentsAtCarryingValue`	$3.95M	USD	Point-in-time
Cash and Cash Equivalents - Beginning	`CashAndCashEquivalentsAtCarryingValue`	$3.76M	USD	Point-in-time
Cash and Cash Equivalents - Ending	`CashAndCashEquivalentsAtCarryingValue`	$5.20M	USD	Point-in-time
Cash and Cash Equivalents - Ending	`CashAndCashEquivalentsAtCarryingValue`	$897.22K	USD	Point-in-time
Cash and Cash Equivalents - Ending	`CashAndCashEquivalentsAtCarryingValue`	$3.95M	USD	Point-in-time
Cash and Cash Equivalents - Ending	`CashAndCashEquivalentsAtCarryingValue`	$3.76M	USD	Point-in-time
Cash Paid for Interest	`InterestPaidNet`	-	USD	1 Quarter
Cash Paid for Interest	`InterestPaidNet`	-	USD	1 Quarter
Cash Paid for Income Taxes	`IncomeTaxesPaidNet`	$107.36K	USD	1 Quarter
Cash Paid for Income Taxes	`IncomeTaxesPaidNet`	-	USD	1 Quarter
Accrued Equity Compensation	`AccruedEquityCompensation`	$27.19K	USD	1 Quarter
Accrued Equity Compensation	`AccruedEquityCompensation`	-	USD	1 Quarter
Conversion of Note Payable into Common Stock	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	-	USD	1 Quarter
Conversion of Note Payable into Common Stock	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	$4.50M	USD	1 Quarter
Equipment, Net Transferred to Inventory	`EquipmentNetTransferredToInventory`	$36.26K	USD	1 Quarter
Equipment, Net Transferred to Inventory	`EquipmentNetTransferredToInventory`	-	USD	1 Quarter

Stockholders Equity 16 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance, Amount	`StockholdersEquity`	$889.54K	USD	Point-in-time
Beginning Balance, Amount	`StockholdersEquity`	$8.32M	USD	Point-in-time
Beginning Balance, Amount	`StockholdersEquity`	$13.20M	USD	Point-in-time
Beginning Balance, Amount	`StockholdersEquity`	$11.92M	USD	Point-in-time
Equity Compensation	`SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1`	$209.96K	USD	1 Quarter
Common Stock Issued for Services Provided, Amount	`StockIssuedDuringPeriodValueIssuedForServices`	$48.00K	USD	1 Quarter
Common Stock Issued for Services Provided, Amount	`StockIssuedDuringPeriodValueIssuedForServices`	$228.00K	USD	1 Quarter
Conversion of Notes Payable into Common Stock, Amount	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	-	USD	1 Quarter
Conversion of Notes Payable into Common Stock, Amount	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	$4.50M	USD	1 Quarter
Warrants and Options Exercised, Amount	`StockIssuedDuringPeriodValueStockOptionsExercised`	$57.50K	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$2.62M	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$-1.51M	USD	1 Quarter
Ending Balance, Amount	`StockholdersEquity`	$889.54K	USD	Point-in-time
Ending Balance, Amount	`StockholdersEquity`	$8.32M	USD	Point-in-time
Ending Balance, Amount	`StockholdersEquity`	$13.20M	USD	Point-in-time
Ending Balance, Amount	`StockholdersEquity`	$11.92M	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.