10-K Filing

TOMI Environmental Solutions, Inc. CIK: 314227 FY 2021

Filing Information

Form Type	10-K
Accession Number	`0001654954-22-004048`
Period End Date	20211231
Filing Date	20220329
Fiscal Year	2021
Fiscal Period	FY
XBRL Instance	tomz_10k_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 66 Income Statement 44 Cash Flow Statement 79 Stockholders Equity 16

Balance Sheet 66 line items

Line Item	Tag	Value	Unit	Period
Common Stock; Par Value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common Stock; Par Value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common Stock; Shares Authorized	`CommonStockSharesAuthorized`	250.00M	shares	Point-in-time
Cash and Cash Equivalents	`CashEquivalentsAtCarryingValue`	$5.32M	USD	Point-in-time
Cash and Cash Equivalents	`CashEquivalentsAtCarryingValue`	$5.20M	USD	Point-in-time
Common Stock; Shares Authorized	`CommonStockSharesAuthorized`	250.00M	shares	Point-in-time
Accounts Receivable - net	`AccountsReceivableNetCurrent`	$1.96M	USD	Point-in-time
Common Stock; Shares Issued	`CommonStockSharesIssued`	16.76M	shares	Point-in-time
Accounts Receivable - net	`AccountsReceivableNetCurrent`	$3.72M	USD	Point-in-time
Common Stock; Shares Issued	`CommonStockSharesIssued`	19.68M	shares	Point-in-time
Common Stock; Shares Outstanding	`CommonStockSharesOutstanding`	16.76M	shares	Point-in-time
Other Receivables	`OtherReceivablesNetCurrent`	$235.90K	USD	Point-in-time
Common Stock; Shares Outstanding	`CommonStockSharesOutstanding`	19.68M	shares	Point-in-time
Other Receivables	`OtherReceivablesNetCurrent`	$198.95K	USD	Point-in-time
Inventories (Note 3)	`InventoryNet`	$3.78M	USD	Point-in-time
Inventories (Note 3)	`InventoryNet`	$4.74M	USD	Point-in-time
Vendor Deposits (Note 4)	`DepositsAssetsCurrent`	$388.71K	USD	Point-in-time
Vendor Deposits (Note 4)	`DepositsAssetsCurrent`	$288.59K	USD	Point-in-time
Prepaid Expenses	`PrepaidExpenseCurrent`	$421.31K	USD	Point-in-time
Prepaid Expenses	`PrepaidExpenseCurrent`	$343.57K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$13.71M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$12.89M	USD	Point-in-time
Property and Equipment - net (Note 5)	`PropertyPlantAndEquipmentNet`	$1.49M	USD	Point-in-time
Property and Equipment - net (Note 5)	`PropertyPlantAndEquipmentNet`	$1.30M	USD	Point-in-time
Intangible Assets - net (Note 6)	`IntangibleAssetsNetExcludingGoodwill`	$722.92K	USD	Point-in-time
Intangible Assets - net (Note 6)	`IntangibleAssetsNetExcludingGoodwill`	$956.28K	USD	Point-in-time
Operating Lease - Right of Use Asset (Note - 7)	`OperatingLeaseRightOfUseAsset`	$631.53K	USD	Point-in-time
Operating Lease - Right of Use Asset (Note - 7)	`OperatingLeaseRightOfUseAsset`	$583.27K	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`	$10.48K	USD	Point-in-time
Other Assets	`OtherAssetsCurrent`	$358.94K	USD	Point-in-time
Other Assets	`OtherAssetsCurrent`	$341.01K	USD	Point-in-time
Total Other Assets	`OtherAssets`	$1.89M	USD	Point-in-time
Total Other Assets	`OtherAssets`	$1.77M	USD	Point-in-time
Total Assets	`Assets`	$16.27M	USD	Point-in-time
Total Assets	`Assets`	$16.77M	USD	Point-in-time
Accounts Payable	`AccountsPayableCurrent`	$1.05M	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`	$664.61K	USD	Point-in-time
Accrued Expenses and Other Current Liabilities (Note 13)	`AccruedLiabilitiesAndOtherLiabilities`	$664.61K	USD	Point-in-time
Customer Deposits	`CustomerDepositsCurrent`	$6.00K	USD	Point-in-time
Customer Deposits	`CustomerDepositsCurrent`	$118.88K	USD	Point-in-time
Current Portion of Long-Term Operating Lease (Note 7)	`OperatingLeaseLiabilityCurrent`	$81.22K	USD	Point-in-time
Current Portion of Long-Term Operating Lease (Note 7)	`OperatingLeaseLiabilityCurrent`	$91.78K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$2.20M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$1.82M	USD	Point-in-time
Loan Payable (Note 15)	`LongTermLoansPayable`	-	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`	$861.41K	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`	$1.36M	USD	Point-in-time
Total Long-Term Liabilities	`LiabilitiesNoncurrent`	$861.41K	USD	Point-in-time
Total Liabilities	`Liabilities`	$2.68M	USD	Point-in-time
Total Liabilities	`Liabilities`	$3.57M	USD	Point-in-time
Common stock; par value $0.01 per share, 250,000,000 shares authorized; 19,680,955 and 16,761,513 shares issued and outstanding at September 30, 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; 19,680,955 and 16,761,513 shares issued and outstanding at September 30, 2021 and December 31, 2020, respectively.	`CommonStockValue`	$196.81K	USD	Point-in-time
Additional Paid-In Capital	`AdditionalPaidInCapital`	$52.14M	USD	Point-in-time
Additional Paid-In Capital	`AdditionalPaidInCapital`	$56.94M	USD	Point-in-time
Accumulated Deficit	`RetainedEarningsAccumulatedDeficit`	$-39.11M	USD	Point-in-time
Accumulated Deficit	`RetainedEarningsAccumulatedDeficit`	$-43.54M	USD	Point-in-time
Total Shareholders' Equity	`StockholdersEquity`	$13.60M	USD	Point-in-time
Total Shareholders' Equity	`StockholdersEquity`	$13.20M	USD	Point-in-time
Total Shareholders' Equity	`StockholdersEquity`	$889.54K	USD	Point-in-time
Total Liabilities and Shareholders' Equity	`LiabilitiesAndStockholdersEquity`	$16.77M	USD	Point-in-time
Total Liabilities and Shareholders' Equity	`LiabilitiesAndStockholdersEquity`	$16.27M	USD	Point-in-time

Income Statement 44 line items

Line Item	Tag	Value	Unit	Period
Sales, net	`Revenues`	$25.03M	USD	Annual
Sales, net	`Revenues`	$7.75M	USD	Annual
Cost of Sales	`CostOfRevenue`	$9.99M	USD	Annual
Cost of Sales	`CostOfRevenue`	$3.17M	USD	Annual
Gross Profit	`GrossProfit`	$4.59M	USD	Annual
Gross Profit	`GrossProfit`	$15.04M	USD	Annual
Professional Fees	`ProfessionalFees`	$681.38K	USD	Annual
Professional Fees	`ProfessionalFees`	$538.09K	USD	Annual
Depreciation and Amortization	`DepreciationAndAmortization`	$294.67K	USD	Annual
Depreciation and Amortization	`DepreciationAndAmortization`	$719.76K	USD	Annual
Selling Expenses	`SellingExpense`	$1.67M	USD	Annual
Selling Expenses	`SellingExpense`	$1.25M	USD	Annual
Research and Development	`ResearchAndDevelopmentExpense`	$572.70K	USD	Annual
Research and Development	`ResearchAndDevelopmentExpense`	$455.05K	USD	Annual
Consulting Fees	`ConsultingFees`	$327.23K	USD	Annual
Consulting Fees	`ConsultingFees`	$326.61K	USD	Annual
General and Administrative	`OtherGeneralAndAdministrativeExpense`	$7.10M	USD	Annual
General and Administrative	`OtherGeneralAndAdministrativeExpense`	$6.10M	USD	Annual
Total Operating Expenses	`OperatingExpenses`	$9.51M	USD	Annual
Total Operating Expenses	`OperatingExpenses`	$10.53M	USD	Annual
Income (loss) from Operations	`OperatingIncomeLoss`	$4.51M	USD	Annual
Income (loss) from Operations	`OperatingIncomeLoss`	$-4.92M	USD	Annual
Gain Upon Debt Extinguishment	`GainsLossesOnExtinguishmentOfDebt`	-	USD	Annual
Gain Upon Debt Extinguishment	`GainsLossesOnExtinguishmentOfDebt`	$-414.58K	USD	Annual
Interest Income	`InterestIncomeOther`	$1.08K	USD	Annual
Interest Income	`InterestIncomeOther`	$2.92K	USD	Annual
Interest Expense	`InterestExpense`	$43.54K	USD	Annual
Interest Expense	`InterestExpense`	$1.03K	USD	Annual
Total Other Income (Expense)	`NonoperatingIncomeExpense`	$-40.62K	USD	Annual
Total Other Income (Expense)	`NonoperatingIncomeExpense`	$414.62K	USD	Annual
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$4.47M	USD	Annual
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-4.51M	USD	Annual
Provision for Income Taxes (Note 16)	`IncomeTaxExpenseBenefit`	$-74.09K	USD	Annual
Provision for Income Taxes (Note 16)	`IncomeTaxExpenseBenefit`	$77.00K	USD	Annual
Net Income (loss)	`NetIncomeLoss`	$-4.44M	USD	Annual
Net Income (loss)	`NetIncomeLoss`	$4.39M	USD	Annual
Basic	`EarningsPerShareBasic`	$0.27	USD	Annual
Basic	`EarningsPerShareBasic`	$-0.25	USD	Annual
Diluted	`EarningsPerShareDiluted`	$-0.25	USD	Annual
Diluted	`EarningsPerShareDiluted`	$0.23	USD	Annual
Basic Weighted Average Common Shares Outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	17.54M	shares	Annual
Basic Weighted Average Common Shares Outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	16.51M	shares	Annual
Diluted Weighted Average Common Shares Outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	18.76M	shares	Annual
Diluted Weighted Average Common Shares Outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	17.54M	shares	Annual

Cash Flow Statement 79 line items

Line Item	Tag	Value	Unit	Period
Net Income (Loss)	`NetIncomeLoss`	$-4.44M	USD	Annual
Net Income (Loss)	`NetIncomeLoss`	$4.39M	USD	Annual
Depreciation and Amortization	`OtherDepreciationAndAmortization`	$719.76K	USD	Annual
Depreciation and Amortization	`OtherDepreciationAndAmortization`	$294.67K	USD	Annual
Amortization of Right of Use Asset	`OperatingLeaseRightOfUseAssetAmortizationExpense`	$157.31K	USD	Annual
Amortization of Right of Use Asset	`OperatingLeaseRightOfUseAssetAmortizationExpense`	$157.31K	USD	Annual
Amortization of Software Costs	`CapitalizedComputerSoftwareAmortization1`	$41.90K	USD	Annual
Amortization of Software Costs	`CapitalizedComputerSoftwareAmortization1`	$41.90K	USD	Annual
Equity Compensation Expense	`EquityCompensationExpense`	$18.35K	USD	Annual
Equity Compensation Expense	`EquityCompensationExpense`	$3.13M	USD	Annual
Value of Equity Issued for Services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$50.19K	USD	Annual
Value of Equity Issued for Services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$228.00K	USD	Annual
Reserve for Bad Debt	`AllowanceForDoubtfulAccountsReceivablePeriodIncreaseDecrease`	$1.29M	USD	Annual
Reserve for Bad Debt	`AllowanceForDoubtfulAccountsReceivablePeriodIncreaseDecrease`	$280.00K	USD	Annual
Inventory Reserve	`InventoryLIFOReservePeriodCharge`	$-100.00K	USD	Annual
Inventory Reserve	`InventoryLIFOReservePeriodCharge`	-	USD	Annual
Gain Upon Debt Extinguishment	`GainsLossesOnExtinguishmentOfDebt`	-	USD	Annual
Gain Upon Debt Extinguishment	`GainsLossesOnExtinguishmentOfDebt`	$-414.58K	USD	Annual
Accounts Receivable	`IncreaseDecreaseInAccountsReceivable`	$463.93K	USD	Annual
Accounts Receivable	`IncreaseDecreaseInAccountsReceivable`	$-2.50M	USD	Annual
Inventory	`IncreaseDecreaseInInventories`	$-1.39M	USD	Annual
Inventory	`IncreaseDecreaseInInventories`	$-961.76K	USD	Annual
Prepaid Expenses	`IncreaseDecreaseInPrepaidExpense`	$77.73K	USD	Annual
Prepaid Expenses	`IncreaseDecreaseInPrepaidExpense`	$-233.64K	USD	Annual
Vendor Deposits	`IncreaseDecreaseInDeposits`	$-247.66K	USD	Annual
Vendor Deposits	`IncreaseDecreaseInDeposits`	$100.13K	USD	Annual
Other Receivables	`IncreaseDecreaseInOtherReceivables`	$-36.95K	USD	Annual
Other Receivables	`IncreaseDecreaseInOtherReceivables`	$-198.95K	USD	Annual
Other Assets	`IncreaseDecreaseInOtherOperatingAssets`	$-294.66K	USD	Annual
Other Assets	`IncreaseDecreaseInOtherOperatingAssets`	$-100.15K	USD	Annual
Accounts Payable	`IncreaseDecreaseInAccountsPayable`	$788.25K	USD	Annual
Accounts Payable	`IncreaseDecreaseInAccountsPayable`	$-447.43K	USD	Annual
Accrued Expenses	`IncreaseDecreaseInAccruedLiabilities`	$166.64K	USD	Annual
Accrued Expenses	`IncreaseDecreaseInAccruedLiabilities`	$78.93K	USD	Annual
Accrued Interest	`DebtInstrumentIncreasesAccruedInterest`	$-66.67K	USD	Annual
Accrued Interest	`DebtInstrumentIncreasesAccruedInterest`	-	USD	Annual
Customer Deposits	`IncreaseDecreaseInCustomerDeposits`	$118.88K	USD	Annual
Customer Deposits	`IncreaseDecreaseInCustomerDeposits`	$-112.88K	USD	Annual
Lease Liability	`IncreaseDecreaseInLeaseLiabilities`	$-146.69K	USD	Annual
Lease Liability	`IncreaseDecreaseInLeaseLiabilities`	$-151.09K	USD	Annual
Net Cash Provided (Used) in Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-3.82M	USD	Annual
Net Cash Provided (Used) in Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$4.58M	USD	Annual
Capitalized Patent and Trademark Costs	`CapitalizedPatentAndTrademarkCosts`	$-111.39K	USD	Annual
Capitalized Patent and Trademark Costs	`CapitalizedPatentAndTrademarkCosts`	$-126.70K	USD	Annual
Purchase of Property and Equipment	`PurchaseOfPropertyAndEquipment`	$-289.27K	USD	Annual
Purchase of Property and Equipment	`PurchaseOfPropertyAndEquipment`	$-512.67K	USD	Annual
Net Cash (Used) in Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-639.37K	USD	Annual
Net Cash (Used) in Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-400.65K	USD	Annual
Proceeds from Issuance of Stock and Warrants	`ProceedsFromIssuanceOfWarrants`	$4.58M	USD	Annual
Proceeds from Issuance of Stock and Warrants	`ProceedsFromIssuanceOfWarrants`	-	USD	Annual
Proceeds from Issuance of Stock and Warrants	`ProceedsFromIssuanceOfWarrants`	$4.58M	USD	Point-in-time
Proceeds from Exercise of Warrants and Options	`ProceedsFromStockOptionsExercised`	-	USD	Annual
Proceeds from Exercise of Warrants and Options	`ProceedsFromStockOptionsExercised`	$213.50K	USD	Annual
Proceeds from Loan Payable	`ProceedsFromOtherDebt`	-	USD	Annual
Proceeds from Loan Payable	`ProceedsFromOtherDebt`	$410.70K	USD	Annual
Repayment of Principal Balance on Convertible Note	`RepaymentOfPrincipalBalanceOnConvertibleNote`	$-500.00K	USD	Annual
Repayment of Principal Balance on Convertible Note	`RepaymentOfPrincipalBalanceOnConvertibleNote`	-	USD	Annual
Net Cash From Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$4.58M	USD	Annual
Net Cash From Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$124.20K	USD	Annual
Increase In Cash and Cash Equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$118.60K	USD	Annual
Increase In Cash and Cash Equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$4.30M	USD	Annual
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`	$5.32M	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`	$5.32M	USD	Point-in-time
Cash Paid For Interest	`InterestPaidNet`	$107.36K	USD	Annual
Cash Paid For Interest	`InterestPaidNet`	-	USD	Annual
Cash Paid for Income Taxes	`IncomeTaxesPaidNet`	$75.00K	USD	Annual
Cash Paid for Income Taxes	`IncomeTaxesPaidNet`	$800.00	USD	Annual
Accrued Equity Compensation	`AccruedEquityCompensation`	-	USD	Annual
Accrued Equity Compensation	`AccruedEquityCompensation`	$27.19K	USD	Annual
Conversion of Note Payable into Common Stock	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	$4.50M	USD	Annual
Conversion of Note Payable into Common Stock	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	-	USD	Annual
Equipment, net Transferred to Inventory	`EquipmentNetTransferredToInventory`	$22.68K	USD	Annual
Equipment, net Transferred to Inventory	`EquipmentNetTransferredToInventory`	-	USD	Annual
Patent and trademark costs reclassified from Other Assets	`PatentAndTrademarkCostsReclassifiedFromOtherAssets`	$118.08K	USD	Annual
Patent and trademark costs reclassified from Other Assets	`PatentAndTrademarkCostsReclassifiedFromOtherAssets`	$49.76K	USD	Annual

Stockholders Equity 16 line items

Line Item	Tag	Value	Unit	Period
Balance, amount	`StockholdersEquity`	$13.60M	USD	Point-in-time
Balance, amount	`StockholdersEquity`	$13.20M	USD	Point-in-time
Balance, amount	`StockholdersEquity`	$889.54K	USD	Point-in-time
Equity Compensation	`EquityCompensation`	$18.35K	USD	Annual
Equity Compensation	`EquityCompensation`	$3.16M	USD	Annual
Common Stock Issued for Services Provided, amount	`CommonStockIssuedForServicesProvidedAmount`	$228.00K	USD	Annual
Common Stock Issued for Services Provided, amount	`CommonStockIssuedForServicesProvidedAmount`	$50.19K	USD	Annual
Conversion of Notes Payable into Common Stock, amount	`ConversionOfNotesPayableIntoCommonStockAmount`	$4.50M	USD	Annual
Warrants and Options Exercised, amount	`WarrantsAndOptionsExercisedAmount`	$213.50K	USD	Annual
Reverse stock split adjustment, amount	`ReverseStockSplitAdjustmentAmount`	-	USD	Annual
Net Income	`NetIncomeLoss`	$-4.44M	USD	Annual
Net Income	`NetIncomeLoss`	$4.39M	USD	Annual
Common Stock Issued in Private Placement, amount	`StockIssuedDuringPeriodValueNewIssues`	$4.58M	USD	Annual
Balance, amount	`StockholdersEquity`	$13.60M	USD	Point-in-time
Balance, amount	`StockholdersEquity`	$13.20M	USD	Point-in-time
Balance, amount	`StockholdersEquity`	$889.54K	USD	Point-in-time

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