10-Q Filing

TOMI Environmental Solutions, Inc. CIK: 314227 Q1 2022

Filing Information

Form Type	10-Q
Accession Number	`0001654954-22-006119`
Period End Date	20220331
Filing Date	20220505
Fiscal Year	2022
Fiscal Period	Q1
XBRL Instance	tomz_10q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 56 Income Statement 42 Cash Flow Statement 52 Stockholders Equity 13

Balance Sheet 56 line items

Line Item	Tag	Value	Unit	Period
Cash And Cash Equivalents	`CashEquivalentsAtCarryingValue`	$5.32M	USD	Point-in-time
Cash And Cash Equivalents	`CashEquivalentsAtCarryingValue`	$5.33M	USD	Point-in-time
Accounts Receivable - Net	`AccountsReceivableNetCurrent`	$2.50M	USD	Point-in-time
Accounts Receivable - Net	`AccountsReceivableNetCurrent`	$1.96M	USD	Point-in-time
Other Receivables	`OtherReceivablesNetCurrent`	$164.15K	USD	Point-in-time
Other Receivables	`OtherReceivablesNetCurrent`	$235.90K	USD	Point-in-time
Inventories (note 3)	`InventoryNet`	$5.10M	USD	Point-in-time
Inventories (note 3)	`InventoryNet`	$4.74M	USD	Point-in-time
Vendor Deposits (note 4)	`DepositsAssetsCurrent`	$288.59K	USD	Point-in-time
Vendor Deposits (note 4)	`DepositsAssetsCurrent`	$314.84K	USD	Point-in-time
Prepaid Expenses	`PrepaidExpenseCurrent`	$343.57K	USD	Point-in-time
Prepaid Expenses	`PrepaidExpenseCurrent`	$456.06K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$12.89M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$13.87M	USD	Point-in-time
Property And Equipment - Net (note 5)	`PropertyPlantAndEquipmentNet`	$1.49M	USD	Point-in-time
Property And Equipment - Net (note 5)	`PropertyPlantAndEquipmentNet`	$1.41M	USD	Point-in-time
Intangible Assets - Net (note 6)	`IntangibleAssetsNetExcludingGoodwill`	$953.04K	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`	$570.30K	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`	-	USD	Point-in-time
Capitalized Software Development Costs - Net (note 8)	`CapitalizedSoftwareDevelopmentCostsForSoftwareSoldToCustomers`	$10.48K	USD	Point-in-time
Other Assets	`OtherAssetsNoncurrent`	$390.55K	USD	Point-in-time
Other Assets	`OtherAssetsNoncurrent`	$341.01K	USD	Point-in-time
Total Other Assets	`OtherAssets`	$1.89M	USD	Point-in-time
Total Other Assets	`OtherAssets`	$1.91M	USD	Point-in-time
Total Assets	`Assets`	$16.27M	USD	Point-in-time
Total Assets	`Assets`	$17.19M	USD	Point-in-time
Accounts Payable	`AccountsPayableCurrent`	$1.05M	USD	Point-in-time
Accounts Payable	`AccountsPayableCurrent`	$1.81M	USD	Point-in-time
Accrued Expenses And Other Current Liabilities (note 13)	`AccruedLiabilitiesAndOtherLiabilities`	$553.13K	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`	$606.98K	USD	Point-in-time
Current Portion Of Long-term Operating Lease (note 7)	`OperatingLeaseLiabilityCurrent`	$94.54K	USD	Point-in-time
Current Portion Of Long-term Operating Lease (note 7)	`OperatingLeaseLiabilityCurrent`	$91.78K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$3.07M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$1.82M	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`	$837.16K	USD	Point-in-time
Total Long-term Liabilities	`LiabilitiesNoncurrent`	$861.41K	USD	Point-in-time
Total Long-term Liabilities	`LiabilitiesNoncurrent`	$837.16K	USD	Point-in-time
Total Liabilities	`Liabilities`	$2.68M	USD	Point-in-time
Total Liabilities	`Liabilities`	$3.91M	USD	Point-in-time
Common Stock; Par Value $0.01 Per Share, 250,000,000 Shares Authorized; 19,732,705 And 16,761,513 Shares Issued And Outstanding At March 31, 2022 And December 31, 2021, Respectively.	`CommonStockValue`	$196.81K	USD	Point-in-time
Common Stock; Par Value $0.01 Per Share, 250,000,000 Shares Authorized; 19,732,705 And 16,761,513 Shares Issued And Outstanding At March 31, 2022 And December 31, 2021, Respectively.	`CommonStockValue`	$197.33K	USD	Point-in-time
Additional Paid-in Capital	`AdditionalPaidInCapital`	$57.29M	USD	Point-in-time
Additional Paid-in Capital	`AdditionalPaidInCapital`	$56.94M	USD	Point-in-time
Accumulated Deficit	`RetainedEarningsAccumulatedDeficit`	$-44.20M	USD	Point-in-time
Accumulated Deficit	`RetainedEarningsAccumulatedDeficit`	$-43.54M	USD	Point-in-time
Total Shareholders' Equity	`StockholdersEquity`	$11.92M	USD	Point-in-time
Total Shareholders' Equity	`StockholdersEquity`	$13.29M	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 Liabilities And Shareholders' Equity	`LiabilitiesAndStockholdersEquity`	$16.27M	USD	Point-in-time
Total Liabilities And Shareholders' Equity	`LiabilitiesAndStockholdersEquity`	$17.19M	USD	Point-in-time

Income Statement 42 line items

Line Item	Tag	Value	Unit	Period
Sales, Net	`Revenues`	$2.07M	USD	1 Quarter
Sales, Net	`Revenues`	$2.31M	USD	1 Quarter
Cost Of Sales	`CostOfRevenue`	$887.89K	USD	1 Quarter
Cost Of Sales	`CostOfRevenue`	$838.30K	USD	1 Quarter
Gross Profit	`GrossProfit`	$1.42M	USD	1 Quarter
Gross Profit	`GrossProfit`	$1.24M	USD	1 Quarter
Professional Fees	`ProfessionalFees`	$173.49K	USD	1 Quarter
Professional Fees	`ProfessionalFees`	$190.53K	USD	1 Quarter
Depreciation And Amortization	`DepreciationAndAmortization`	$82.29K	USD	1 Quarter
Depreciation And Amortization	`DepreciationAndAmortization`	$83.45K	USD	1 Quarter
Selling Expenses	`SellingExpense`	$340.79K	USD	1 Quarter
Selling Expenses	`SellingExpense`	$474.39K	USD	1 Quarter
Research And Development	`ResearchAndDevelopmentExpense`	$37.08K	USD	1 Quarter
Research And Development	`ResearchAndDevelopmentExpense`	$195.62K	USD	1 Quarter
Consulting Fees	`ConsultingFees`	$63.21K	USD	1 Quarter
Consulting Fees	`ConsultingFees`	$106.17K	USD	1 Quarter
General And Administrative	`OtherGeneralAndAdministrativeExpense`	$1.71M	USD	1 Quarter
General And Administrative	`OtherGeneralAndAdministrativeExpense`	$1.37M	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$2.75M	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$2.08M	USD	1 Quarter
Loss From Operations	`OperatingIncomeLoss`	$-1.51M	USD	1 Quarter
Loss From Operations	`OperatingIncomeLoss`	$-659.83K	USD	1 Quarter
Interest Income	`InterestIncomeOther`	$427.00	USD	1 Quarter
Interest Income	`InterestIncomeOther`	$343.00	USD	1 Quarter
Interest Expense	`InterestExpense`	$1.03K	USD	1 Quarter
Interest Expense	`InterestExpense`	-	USD	1 Quarter
Total Other Income (expense)	`NonoperatingIncomeExpense`	$343.00	USD	1 Quarter
Total Other Income (expense)	`NonoperatingIncomeExpense`	$-608.00	USD	1 Quarter
Loss Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-1.51M	USD	1 Quarter
Loss Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-659.48K	USD	1 Quarter
Provision For Income Taxes (note 16)	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Provision For Income Taxes (note 16)	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-659.48K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-1.51M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$-0.03	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$-0.09	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$-0.03	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`	19.72M	shares	1 Quarter
Diluted Weighted Average Common Shares Outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	16.81M	shares	1 Quarter
Diluted Weighted Average Common Shares Outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	19.72M	shares	1 Quarter

Cash Flow Statement 52 line items

Line Item	Tag	Value	Unit	Period
Net Loss	`NetIncomeLoss`	$-659.48K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-1.51M	USD	1 Quarter
Depreciation And Amortization	`DepreciationAndAmortization`	$82.29K	USD	1 Quarter
Depreciation And Amortization	`DepreciationAndAmortization`	$83.45K	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`	$10.48K	USD	1 Quarter
Amortization Of Software Costs	`CapitalizedComputerSoftwareAmortization1`	$10.47K	USD	1 Quarter
Equity Compensation Expense	`EquityCompensationExpense`	$228.00K	USD	1 Quarter
Equity Compensation Expense	`EquityCompensationExpense`	$352.10K	USD	1 Quarter
Reserve For Bad Debt	`AllowanceForDoubtfulAccountsReceivablePeriodIncreaseDecrease`	-	USD	1 Quarter
Reserve For Bad Debt	`AllowanceForDoubtfulAccountsReceivablePeriodIncreaseDecrease`	$115.00K	USD	1 Quarter
Accounts Receivable	`IncreaseDecreaseInAccountsReceivable`	$535.63K	USD	1 Quarter
Accounts Receivable	`IncreaseDecreaseInAccountsReceivable`	$141.73K	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$356.81K	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$983.94K	USD	1 Quarter
Prepaid Expenses	`IncreaseDecreaseChangeInPrepaidExpense`	$-112.48K	USD	1 Quarter
Prepaid Expenses	`IncreaseDecreaseChangeInPrepaidExpense`	$104.87K	USD	1 Quarter
Vendor Deposits	`IncreaseDecreaseInDeposits`	$-26.25K	USD	1 Quarter
Vendor Deposits	`IncreaseDecreaseInDeposits`	$242.58K	USD	1 Quarter
Other Receivables	`IncreaseDecreaseInOtherReceivables`	$71.75K	USD	1 Quarter
Other Receivables	`IncreaseDecreaseInOtherReceivables`	$198.95K	USD	1 Quarter
Other Assets	`IncreaseDecreaseInOtherOperatingAssets`	$157.29K	USD	1 Quarter
Other Assets	`IncreaseDecreaseInOtherOperatingAssets`	$49.54K	USD	1 Quarter
Accounts Payable	`IncreaseDecreaseInAccountsPayable`	$760.11K	USD	1 Quarter
Accounts Payable	`IncreaseDecreaseInAccountsPayable`	$545.20K	USD	1 Quarter
Accrued Expenses	`IncreaseDecreaseInAccruedLiabilities`	$-111.48K	USD	1 Quarter
Accrued Expenses	`IncreaseDecreaseInAccruedLiabilities`	$127.95K	USD	1 Quarter
Customer Deposits	`IncreaseDecreaseInCustomerDeposits`	$600.98K	USD	1 Quarter
Customer Deposits	`IncreaseDecreaseInCustomerDeposits`	$-89.93K	USD	1 Quarter
Lease Liability	`IncreaseDecreaseInLeaseLiabilities`	$36.94K	USD	1 Quarter
Lease Liability	`IncreaseDecreaseInLeaseLiabilities`	$38.05K	USD	1 Quarter
Net Cash Provided (used) In Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$27.31K	USD	1 Quarter
Net Cash Provided (used) In Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.22M	USD	1 Quarter
Purchase Of Property And Equipment	`PurchaseOfPropertyAndEquipment`	$-28.20K	USD	1 Quarter
Purchase Of Property And Equipment	`PurchaseOfPropertyAndEquipment`	$-14.28K	USD	1 Quarter
Net Cash (used) In Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-28.20K	USD	1 Quarter
Net Cash (used) In Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-14.28K	USD	1 Quarter
Net Cash From Financing Activities:	`NetCashProvidedByUsedInFinancingActivities`	-	USD	1 Quarter
Net Cash From Financing Activities:	`NetCashProvidedByUsedInFinancingActivities`	-	USD	1 Quarter
Increase (decrease) In Cash And Cash Equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-1.25M	USD	1 Quarter
Increase (decrease) In Cash And Cash Equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$13.03K	USD	1 Quarter
Cash And Cash Equivalents - Beginning	`CashAndCashEquivalentsAtCarryingValue`	$5.33M	USD	Point-in-time
Cash And Cash Equivalents - Beginning	`CashAndCashEquivalentsAtCarryingValue`	$5.20M	USD	Point-in-time
Cash And Cash Equivalents - Beginning	`CashAndCashEquivalentsAtCarryingValue`	$3.95M	USD	Point-in-time
Cash And Cash Equivalents - Beginning	`CashAndCashEquivalentsAtCarryingValue`	$5.32M	USD	Point-in-time
Cash And Cash Equivalents - Ending	`CashAndCashEquivalentsAtCarryingValue`	$5.33M	USD	Point-in-time
Cash And Cash Equivalents - Ending	`CashAndCashEquivalentsAtCarryingValue`	$5.20M	USD	Point-in-time
Cash And Cash Equivalents - Ending	`CashAndCashEquivalentsAtCarryingValue`	$3.95M	USD	Point-in-time
Cash And Cash Equivalents - Ending	`CashAndCashEquivalentsAtCarryingValue`	$5.32M	USD	Point-in-time
Cash Received From Income Tax Refund	`CashReceivedFromIncomeTaxRefund`	-	USD	1 Quarter
Cash Received From Income Tax Refund	`CashReceivedFromIncomeTaxRefund`	$72.09K	USD	1 Quarter

Stockholders Equity 13 line items

Line Item	Tag	Value	Unit	Period
Balance, Amount	`StockholdersEquity`	$11.92M	USD	Point-in-time
Balance, Amount	`StockholdersEquity`	$13.29M	USD	Point-in-time
Balance, Amount	`StockholdersEquity`	$13.60M	USD	Point-in-time
Balance, Amount	`StockholdersEquity`	$13.20M	USD	Point-in-time
Common Stock Issued For Services Provided, Amount	`CommonStockIssuedForServicesProvidedAmount`	$54.34K	USD	1 Quarter
Common Stock Issued For Services Provided, Amount	`CommonStockIssuedForServicesProvidedAmount`	$228.00K	USD	1 Quarter
Net (loss) For The Three Months Ended March 31, 2021	`NetIncomeLoss`	$-659.48K	USD	1 Quarter
Net (loss) For The Three Months Ended March 31, 2021	`NetIncomeLoss`	$-1.51M	USD	1 Quarter
Equity Compensation	`EquityCompensation`	$297.77K	USD	1 Quarter
Balance, Amount	`StockholdersEquity`	$11.92M	USD	Point-in-time
Balance, Amount	`StockholdersEquity`	$13.29M	USD	Point-in-time
Balance, Amount	`StockholdersEquity`	$13.60M	USD	Point-in-time
Balance, Amount	`StockholdersEquity`	$13.20M	USD	Point-in-time

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