10-Q Filing

TOMI Environmental Solutions, Inc. CIK: 314227 Q1 2023

Filing Information

Form Type	10-Q
Accession Number	`0001654954-23-006555`
Period End Date	20230331
Filing Date	20230515
Fiscal Year	2023
Fiscal Period	Q1
XBRL Instance	tomz_10q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 64 Income Statement 40 Cash Flow Statement 50 Stockholders Equity 14

Balance Sheet 64 line items

Line Item	Tag	Value	Unit	Period
Cash and Cash Equivalents	`CashEquivalentsAtCarryingValue`	$2.47M	USD	Point-in-time
Cash and Cash Equivalents	`CashEquivalentsAtCarryingValue`	$3.87M	USD	Point-in-time
Accounts Receivable - net	`AccountsReceivableNetCurrent`	$2.49M	USD	Point-in-time
Common Stock; Par Value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Accounts Receivable - net	`AccountsReceivableNetCurrent`	$2.77M	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
Other Receivables	`OtherReceivablesNetCurrent`	$164.15K	USD	Point-in-time
Other Receivables	`OtherReceivablesNetCurrent`	$164.15K	USD	Point-in-time
Common Stock; Shares Authorized	`CommonStockSharesAuthorized`	250.00M	shares	Point-in-time
Inventories (Note 3)	`InventoryNet`	$4.35M	USD	Point-in-time
Common Stock; Shares Issued	`CommonStockSharesIssued`	19.76M	shares	Point-in-time
Inventories (Note 3)	`InventoryNet`	$4.50M	USD	Point-in-time
Common Stock; Shares Issued	`CommonStockSharesIssued`	16.76M	shares	Point-in-time
Common Stock; Shares Outstanding	`CommonStockSharesOutstanding`	19.76M	shares	Point-in-time
Vendor Deposits (Note 4)	`DepositsAssetsCurrent`	$514.20K	USD	Point-in-time
Vendor Deposits (Note 4)	`DepositsAssetsCurrent`	$447.05K	USD	Point-in-time
Common Stock; Shares Outstanding	`CommonStockSharesOutstanding`	16.76M	shares	Point-in-time
Prepaid Expenses	`PrepaidExpenseCurrent`	$388.36K	USD	Point-in-time
Prepaid Expenses	`PrepaidExpenseCurrent`	$412.98K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$10.40M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$12.13M	USD	Point-in-time
Property and Equipment - net (Note 5)	`PropertyPlantAndEquipmentNet`	$1.27M	USD	Point-in-time
Property and Equipment - net (Note 5)	`PropertyPlantAndEquipmentNet`	$1.34M	USD	Point-in-time
Intangible Assets - net (Note 6)	`IntangibleAssetsNetExcludingGoodwill`	$1.02M	USD	Point-in-time
Intangible Assets - net (Note 6)	`IntangibleAssetsNetExcludingGoodwill`	$1.03M	USD	Point-in-time
Operating Lease - Right of Use Asset (Note - 7)	`OperatingLeaseRightOfUseAsset`	$514.40K	USD	Point-in-time
Operating Lease - Right of Use Asset (Note - 7)	`OperatingLeaseRightOfUseAsset`	$529.00K	USD	Point-in-time
Other Assets	`OtherAssetsCurrent`	$475.10K	USD	Point-in-time
Other Assets	`OtherAssetsCurrent`	$520.68K	USD	Point-in-time
Total Other Assets	`OtherAssets`	$2.06M	USD	Point-in-time
Total Other Assets	`OtherAssets`	$2.03M	USD	Point-in-time
Total Assets	`Assets`	$13.74M	USD	Point-in-time
Total Assets	`Assets`	$15.50M	USD	Point-in-time
Accounts Payable	`AccountsPayableCurrent`	$1.28M	USD	Point-in-time
Accounts Payable	`AccountsPayableCurrent`	$1.76M	USD	Point-in-time
Accrued Expenses and Other Current Liabilities (Note 13)	`AccruedLiabilitiesAndOtherLiabilities`	$728.70K	USD	Point-in-time
Accrued Expenses and Other Current Liabilities (Note 13)	`AccruedLiabilitiesAndOtherLiabilities`	$528.80K	USD	Point-in-time
Deferred Revenue	`DeferredRevenue`	$618.49K	USD	Point-in-time
Deferred Revenue	`DeferredRevenue`	$699.73K	USD	Point-in-time
Current Portion of Long-Term Operating Lease	`OperatingLeaseLiabilityCurrent`	$100.28K	USD	Point-in-time
Current Portion of Long-Term Operating Lease	`OperatingLeaseLiabilityCurrent`	$106.23K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$3.29M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$2.53M	USD	Point-in-time
Long-Term Operating Lease, Net of Current Portion (Note 7)	`OperatingLeaseLiabilityNoncurrent`	$730.93K	USD	Point-in-time
Long-Term Operating Lease, Net of Current Portion (Note 7)	`OperatingLeaseLiabilityNoncurrent`	$761.13K	USD	Point-in-time
Total Long-Term Liabilities	`LiabilitiesNoncurrent`	$761.13K	USD	Point-in-time
Total Long-Term Liabilities	`LiabilitiesNoncurrent`	$730.93K	USD	Point-in-time
Total Liabilities	`Liabilities`	$3.27M	USD	Point-in-time
Total Liabilities	`Liabilities`	$4.05M	USD	Point-in-time
Commitments and Contingencies (Note 11)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and Contingencies (Note 11)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock; par value $0.01 per share, 250,000,000 shares authorized; 19,763,955 and 16,761,513 shares issued and outstanding at March 31, 2023 and December 31, 2022, respectively.	`CommonStockValue`	$198.24K	USD	Point-in-time
Common stock; par value $0.01 per share, 250,000,000 shares authorized; 19,763,955 and 16,761,513 shares issued and outstanding at March 31, 2023 and December 31, 2022, respectively.	`CommonStockValue`	$197.64K	USD	Point-in-time
Additional Paid-In Capital	`AdditionalPaidInCapital`	$57.88M	USD	Point-in-time
Additional Paid-In Capital	`AdditionalPaidInCapital`	$57.67M	USD	Point-in-time
Accumulated Deficit	`RetainedEarningsAccumulatedDeficit`	$-47.61M	USD	Point-in-time
Accumulated Deficit	`RetainedEarningsAccumulatedDeficit`	$-46.42M	USD	Point-in-time
Total Shareholders' Equity	`StockholdersEquity`	$10.47M	USD	Point-in-time
Total Shareholders' Equity	`StockholdersEquity`	$13.60M	USD	Point-in-time
Total Shareholders' Equity	`StockholdersEquity`	$11.45M	USD	Point-in-time
Total Shareholders' Equity	`StockholdersEquity`	$13.29M	USD	Point-in-time
Total Liabilities and Shareholders' Equity	`LiabilitiesAndStockholdersEquity`	$13.74M	USD	Point-in-time
Total Liabilities and Shareholders' Equity	`LiabilitiesAndStockholdersEquity`	$15.50M	USD	Point-in-time

Income Statement 40 line items

Line Item	Tag	Value	Unit	Period
Sales, net	`Revenues`	$2.31M	USD	1 Quarter
Sales, net	`Revenues`	$1.58M	USD	1 Quarter
Cost of Sales	`CostOfRevenue`	$640.93K	USD	1 Quarter
Cost of Sales	`CostOfRevenue`	$887.89K	USD	1 Quarter
Gross Profit	`GrossProfit`	$941.24K	USD	1 Quarter
Gross Profit	`GrossProfit`	$1.42M	USD	1 Quarter
Professional Fees	`ProfessionalFees`	$137.19K	USD	1 Quarter
Professional Fees	`ProfessionalFees`	$190.53K	USD	1 Quarter
Depreciation and Amortization	`DepreciationAndAmortization`	$88.78K	USD	1 Quarter
Depreciation and Amortization	`DepreciationAndAmortization`	$82.29K	USD	1 Quarter
Selling Expenses	`SellingExpense`	$376.65K	USD	1 Quarter
Selling Expenses	`SellingExpense`	$340.79K	USD	1 Quarter
Research and Development	`ResearchAndDevelopmentExpense`	$70.52K	USD	1 Quarter
Research and Development	`ResearchAndDevelopmentExpense`	$37.08K	USD	1 Quarter
Consulting Fees	`ConsultingFees`	$63.21K	USD	1 Quarter
Consulting Fees	`ConsultingFees`	$75.45K	USD	1 Quarter
General and Administrative	`OtherGeneralAndAdministrativeExpense`	$1.38M	USD	1 Quarter
General and Administrative	`OtherGeneralAndAdministrativeExpense`	$1.37M	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$2.13M	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$2.08M	USD	1 Quarter
Income (loss) from Operations	`OperatingIncomeLoss`	$-659.83K	USD	1 Quarter
Income (loss) from Operations	`OperatingIncomeLoss`	$-1.19M	USD	1 Quarter
Interest Income	`InterestIncomeOther`	$343.00	USD	1 Quarter
Interest Income	`InterestIncomeOther`	$659.00	USD	1 Quarter
Total Other Income (Expense)	`NonoperatingIncomeExpense`	$659.00	USD	1 Quarter
Total Other Income (Expense)	`NonoperatingIncomeExpense`	$343.00	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-1.19M	USD	1 Quarter
Income (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 Income (loss)	`NetIncomeLoss`	$-659.48K	USD	1 Quarter
Net Income (loss)	`NetIncomeLoss`	$-1.19M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$-0.06	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$-0.03	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$-0.03	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$-0.06	USD	1 Quarter
Basic Weighted Average Common Shares Outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	19.72M	shares	1 Quarter
Basic Weighted Average Common Shares Outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	19.81M	shares	1 Quarter
Diluted Weighted Average Common Shares Outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	19.81M	shares	1 Quarter
Diluted Weighted Average Common Shares Outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	19.72M	shares	1 Quarter

Cash Flow Statement 50 line items

Line Item	Tag	Value	Unit	Period
Net Loss	`NetIncomeLoss`	$-659.48K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-1.19M	USD	1 Quarter
Depreciation and Amortization	`DepreciationAndAmortization`	$88.78K	USD	1 Quarter
Depreciation and Amortization	`DepreciationAndAmortization`	$82.29K	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`	-	USD	1 Quarter
Equity Compensation Expense	`EquityCompensationExpense`	$297.77K	USD	1 Quarter
Equity Compensation Expense	`EquityCompensationExpense`	$158.83K	USD	1 Quarter
Value of Equity Issued for Services	`ValueOfEquityIssuedForServices`	$54.34K	USD	1 Quarter
Value of Equity Issued for Services	`ValueOfEquityIssuedForServices`	$51.00K	USD	1 Quarter
Accounts Receivable	`IncreaseDecreaseInAccountsReceivable`	$-535.63K	USD	1 Quarter
Accounts Receivable	`IncreaseDecreaseInAccountsReceivable`	$281.65K	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$142.54K	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$-356.81K	USD	1 Quarter
Prepaid Expenses	`IncreaseDecreaseInPrepaidExpense`	$-24.62K	USD	1 Quarter
Prepaid Expenses	`IncreaseDecreaseInPrepaidExpense`	$-112.48K	USD	1 Quarter
Vendor Deposits	`IncreaseDecreaseVendorDeposits`	$-26.25K	USD	1 Quarter
Vendor Deposits	`IncreaseDecreaseVendorDeposits`	$-67.15K	USD	1 Quarter
Other Receivables	`IncreaseDecreaseInOtherReceivables`	-	USD	1 Quarter
Other Receivables	`IncreaseDecreaseInOtherReceivables`	$71.75K	USD	1 Quarter
Other Assets	`IncreaseDecreaseInOtherOperatingAssets`	$-49.54K	USD	1 Quarter
Other Assets	`IncreaseDecreaseInOtherOperatingAssets`	$-45.58K	USD	1 Quarter
Accounts Payable	`IncreaseDecreaseInAccountsPayable`	$760.11K	USD	1 Quarter
Accounts Payable	`IncreaseDecreaseInAccountsPayable`	$-518.44K	USD	1 Quarter
Accrued Expenses	`IncreaseDecreaseInAccruedLiabilities`	$-111.48K	USD	1 Quarter
Accrued Expenses	`IncreaseDecreaseInAccruedLiabilities`	$-161.77K	USD	1 Quarter
Customer Deposits	`IncreaseDecreaseInCustomerDeposits`	$600.98K	USD	1 Quarter
Customer Deposits	`IncreaseDecreaseInCustomerDeposits`	$-81.24K	USD	1 Quarter
Lease Liability	`IncreaseDecreaseInLeaseLiabilities`	$-38.05K	USD	1 Quarter
Lease Liability	`IncreaseDecreaseInLeaseLiabilities`	$-39.19K	USD	1 Quarter
Net Cash Provided (Used) in Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$27.31K	USD	1 Quarter
Net Cash Provided (Used) in Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.36M	USD	1 Quarter
Purchase of Property and Equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$14.28K	USD	1 Quarter
Purchase of Property and Equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$34.09K	USD	1 Quarter
Net Cash (Used) in Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-14.28K	USD	1 Quarter
Net Cash (Used) in Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-34.09K	USD	1 Quarter
Increase (Decrease) In Cash and Cash Equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$13.03K	USD	1 Quarter
Increase (Decrease) In Cash and Cash Equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-1.40M	USD	1 Quarter
Cash and Cash Equivalents - Beginning	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$5.33M	USD	Point-in-time
Cash and Cash Equivalents - Beginning	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.47M	USD	Point-in-time
Cash and Cash Equivalents - Beginning	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$5.32M	USD	Point-in-time
Cash and Cash Equivalents - Beginning	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$3.87M	USD	Point-in-time
Cash and Cash Equivalents - Ending	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$5.33M	USD	Point-in-time
Cash and Cash Equivalents - Ending	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.47M	USD	Point-in-time
Cash and Cash Equivalents - Ending	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$5.32M	USD	Point-in-time
Cash and Cash Equivalents - Ending	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$3.87M	USD	Point-in-time
Cash Paid (Refunded) for Income Taxes	`IncomeTaxesPaid`	-	USD	1 Quarter
Cash Paid (Refunded) for Income Taxes	`IncomeTaxesPaid`	$72.09K	USD	1 Quarter

Stockholders Equity 14 line items

Line Item	Tag	Value	Unit	Period
Balance, amount	`StockholdersEquity`	$10.47M	USD	Point-in-time
Balance, amount	`StockholdersEquity`	$13.60M	USD	Point-in-time
Balance, amount	`StockholdersEquity`	$11.45M	USD	Point-in-time
Balance, amount	`StockholdersEquity`	$13.29M	USD	Point-in-time
Equity Compensation	`EquityCompensation`	$297.77K	USD	1 Quarter
Equity Compensation	`EquityCompensation`	$158.83K	USD	1 Quarter
Common Stock Issued for Services Provided, amount	`CommonStockIssuedForServicesProvidedAmount`	$54.34K	USD	1 Quarter
Common Stock Issued for Services Provided, amount	`CommonStockIssuedForServicesProvidedAmount`	$51.00K	USD	1 Quarter
Net (Loss) for the three months ended March 31, 2022	`NetIncomeLoss`	$-659.48K	USD	1 Quarter
Net (Loss) for the three months ended March 31, 2022	`NetIncomeLoss`	$-1.19M	USD	1 Quarter
Balance, amount	`StockholdersEquity`	$10.47M	USD	Point-in-time
Balance, amount	`StockholdersEquity`	$13.60M	USD	Point-in-time
Balance, amount	`StockholdersEquity`	$11.45M	USD	Point-in-time
Balance, amount	`StockholdersEquity`	$13.29M	USD	Point-in-time

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