10-K Filing

TELKONET INC CIK: 1094084 FY 2018

Filing Information

Form Type	10-K
Accession Number	`0001683168-19-000873`
Period End Date	20181231
Filing Date	20190401
Fiscal Year	2018
Fiscal Period	FY
XBRL Instance	tkoi-20181231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 69 Income Statement 48 Cash Flow Statement 76 Stockholders Equity 13

Balance Sheet 69 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$8.39M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.68M	USD	Point-in-time
Restricted cash on deposit	`RestrictedCashCurrent`	$810.00K	USD	Point-in-time
Restricted cash on deposit	`RestrictedCashCurrent`	-	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$1.08M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$1.61M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Inventories	`InventoryNet`	$1.26M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	190.00M	shares	Point-in-time
Inventories	`InventoryNet`	$1.79M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	190.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	133.70M	shares	Point-in-time
Contract assets	`ContractWithCustomerAssetNet`	-	USD	Point-in-time
Contract assets	`ContractWithCustomerAssetNet`	$314.75K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	134.79M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	134.79M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	133.70M	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$143.57K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$577.39K	USD	Point-in-time
Income taxes receivable	`IncomeTaxesReceivable`	$17.30K	USD	Point-in-time
Income taxes receivable	`IncomeTaxesReceivable`	$19.70K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$12.23M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$8.46M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$247.29K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$304.17K	USD	Point-in-time
Deposits	`DepositsAssets`	$17.13K	USD	Point-in-time
Deposits	`DepositsAssets`	$17.13K	USD	Point-in-time
Total other assets	`AssetsNoncurrent`	$17.13K	USD	Point-in-time
Total other assets	`AssetsNoncurrent`	$17.13K	USD	Point-in-time
Total Assets	`Assets`	$8.73M	USD	Point-in-time
Total Assets	`Assets`	$12.55M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$978.21K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$408.05K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$656.61K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$668.81K	USD	Point-in-time
Line of credit	`LinesOfCreditCurrent`	$682.21K	USD	Point-in-time
Line of credit	`LinesOfCreditCurrent`	$121.47K	USD	Point-in-time
Contract liabilities - current	`ContractWithCustomerLiabilityCurrent`	$1.07M	USD	Point-in-time
Contract liabilities - current	`ContractWithCustomerLiabilityCurrent`	-	USD	Point-in-time
Deferred revenue - current	`DeferredRevenueCurrent`	$292.11K	USD	Point-in-time
Deferred revenue - current	`DeferredRevenueCurrent`	-	USD	Point-in-time
Customer deposits	`CustomerDepositsCurrent`	-	USD	Point-in-time
Customer deposits	`CustomerDepositsCurrent`	$124.38K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.26M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.75M	USD	Point-in-time
Contract liabilties - long term	`ContractWithCustomerLiabilityNoncurrent`	$162.12K	USD	Point-in-time
Contract liabilties - long term	`ContractWithCustomerLiabilityNoncurrent`	-	USD	Point-in-time
Deferred revenue - long term	`DeferredRevenueNoncurrent`	$219.96K	USD	Point-in-time
Deferred revenue - long term	`DeferredRevenueNoncurrent`	-	USD	Point-in-time
Deferred lease liability - long term	`CapitalLeaseObligationsNoncurrent`	$48.84K	USD	Point-in-time
Deferred lease liability - long term	`CapitalLeaseObligationsNoncurrent`	$71.88K	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$234.00K	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$268.80K	USD	Point-in-time
Total Liabilities	`Liabilities`	$2.49M	USD	Point-in-time
Total Liabilities	`Liabilities`	$3.01M	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock, par value $.001 per share; 190,000,000 shares authorized; 134,793,211 and 133,695,111 shares issued and outstanding at December 31, 2018 and 2017, respectively	`CommonStockValue`	$133.69K	USD	Point-in-time
Common stock, par value $.001 per share; 190,000,000 shares authorized; 134,793,211 and 133,695,111 shares issued and outstanding at December 31, 2018 and 2017, respectively	`CommonStockValue`	$134.79K	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapital`	$127.42M	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapital`	$127.57M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-123.17M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-119.72M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$6.24M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$5.32M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$9.53M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$8.73M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$12.55M	USD	Point-in-time

Income Statement 48 line items

Line Item	Tag	Value	Unit	Period
Total Net Revenues	`Revenues`	$8.43M	USD	Annual
Total Net Revenues	`Revenues`	$8.28M	USD	Annual
Total Cost of Sales	`CostOfRevenue`	$4.44M	USD	Annual
Total Cost of Sales	`CostOfRevenue`	$4.66M	USD	Annual
Gross Profit	`GrossProfit`	$3.77M	USD	Annual
Gross Profit	`GrossProfit`	$3.85M	USD	Annual
Research and development	`ResearchAndDevelopmentExpense`	$1.77M	USD	Annual
Research and development	`ResearchAndDevelopmentExpense`	$1.88M	USD	Annual
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$5.51M	USD	Annual
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$4.84M	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$67.11K	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$51.23K	USD	Annual
Total Operating Expenses	`OperatingExpenses`	$6.79M	USD	Annual
Total Operating Expenses	`OperatingExpenses`	$7.33M	USD	Annual
Operating Loss	`OperatingIncomeLoss`	$-3.02M	USD	Annual
Operating Loss	`OperatingIncomeLoss`	$-3.49M	USD	Annual
Interest income	`InterestIncomeExpenseNet`	$2.43K	USD	Annual
Interest income	`InterestIncomeExpenseNet`	$13.62K	USD	Annual
Total Other Income	`NonoperatingIncomeExpense`	$13.62K	USD	Annual
Total Other Income	`NonoperatingIncomeExpense`	$2.43K	USD	Annual
Loss from Continuing Operations before Provision for Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-3.01M	USD	Annual
Loss from Continuing Operations before Provision for Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-3.49M	USD	Annual
Provision for Income Taxes	`IncomeTaxExpenseBenefit`	$9.62K	USD	Annual
Provision for Income Taxes	`IncomeTaxExpenseBenefit`	$9.76K	USD	Annual
Net loss from continuing operations	`IncomeLossFromContinuingOperations`	$-3.50M	USD	Annual
Net loss from continuing operations	`IncomeLossFromContinuingOperations`	$-3.02M	USD	Annual
Gain from sale of discontinued operations (net of tax)	`DisposalGroupNotDiscontinuedOperationGainLossOnDisposal`	-	USD	Annual
Gain from sale of discontinued operations (net of tax)	`DisposalGroupNotDiscontinuedOperationGainLossOnDisposal`	$6.63M	USD	Annual
Income from Discontinued Operations (Net of Tax)	`IncomeLossFromDiscontinuedOperationsNetOfTax`	-	USD	Annual
Income from Discontinued Operations (Net of Tax)	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$612.88K	USD	Annual
Net income (loss) attributable to common stockholders	`NetIncomeLoss`	$-3.02M	USD	Annual
Net income (loss) attributable to common stockholders	`NetIncomeLoss`	$3.75M	USD	Annual
Basic - continuing operations	`IncomeLossFromContinuingOperationsPerBasicShare`	$-0.03	USD	Annual
Basic - continuing operations	`IncomeLossFromContinuingOperationsPerBasicShare`	$-0.02	USD	Annual
Basic - discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare`	$0.05	USD	Annual
Basic - discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare`	-	USD	Annual
Basic - net income (loss) attributable to common stockholders	`EarningsPerShareBasic`	$0.03	USD	Annual
Basic - net income (loss) attributable to common stockholders	`EarningsPerShareBasic`	$-0.02	USD	Annual
Diluted - continuing operations	`IncomeLossFromContinuingOperationsPerDilutedShare`	$-0.02	USD	Annual
Diluted - continuing operations	`IncomeLossFromContinuingOperationsPerDilutedShare`	$-0.03	USD	Annual
Diluted - discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare`	$0.05	USD	Annual
Diluted - discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare`	-	USD	Annual
Diluted - net income (loss) attributable to common stockholders	`EarningsPerShareDiluted`	$-0.02	USD	Annual
Diluted - net income (loss) attributable to common stockholders	`EarningsPerShareDiluted`	$0.03	USD	Annual
Weighted Average Common Shares Outstanding used in computing basic net loss per share	`WeightedAverageNumberOfSharesOutstandingBasic`	133.12M	shares	Annual
Weighted Average Common Shares Outstanding used in computing basic net loss per share	`WeightedAverageNumberOfSharesOutstandingBasic`	134.06M	shares	Annual
Weighted Average Common Shares Outstanding used in computing diluted net loss per share	`WeightedAverageNumberOfDilutedSharesOutstanding`	134.06M	shares	Annual
Weighted Average Common Shares Outstanding used in computing diluted net loss per share	`WeightedAverageNumberOfDilutedSharesOutstanding`	133.12M	shares	Annual

Cash Flow Statement 76 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$-3.02M	USD	Annual
Net income (loss)	`NetIncomeLoss`	$3.75M	USD	Annual
Less: Net income from discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTax`	-	USD	Annual
Less: Net income from discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$612.88K	USD	Annual
Gain on sale of discontinued operations	`DisposalGroupNotDiscontinuedOperationGainLossOnDisposal`	-	USD	Annual
Gain on sale of discontinued operations	`DisposalGroupNotDiscontinuedOperationGainLossOnDisposal`	$6.63M	USD	Annual
Net loss from continuing operations	`IncomeLossFromContinuingOperations`	$-3.50M	USD	Annual
Net loss from continuing operations	`IncomeLossFromContinuingOperations`	$-3.02M	USD	Annual
Stock-based compensation expense	`ShareBasedCompensation`	$6.40K	USD	Annual
Stock-based compensation expense	`ShareBasedCompensation`	$322.89K	USD	Annual
Stock issued to directors as compensation	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$144.00K	USD	Annual
Stock issued to directors as compensation	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$144.00K	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$51.23K	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$67.11K	USD	Annual
Provision for doubtful accounts, net of recoveries	`ProvisionForDoubtfulAccounts`	$55.15K	USD	Annual
Provision for doubtful accounts, net of recoveries	`ProvisionForDoubtfulAccounts`	$35.19K	USD	Annual
Reserve for inventory obsolescence	`InventoryLIFOReservePeriodCharge`	$111.40K	USD	Annual
Reserve for inventory obsolescence	`InventoryLIFOReservePeriodCharge`	$-130.75K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-473.85K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$241.70K	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$593.73K	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$400.64K	USD	Annual
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidExpense`	$433.82K	USD	Annual
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidExpense`	$-61.76K	USD	Annual
Deposits and other long term assets	`IncreaseDecreaseInDepositOtherAssets`	-	USD	Annual
Deposits and other long term assets	`IncreaseDecreaseInDepositOtherAssets`	$17.13K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$212.59K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-570.16K	USD	Annual
Accrued liabilities and expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-256.77K	USD	Annual
Accrued liabilities and expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-12.20K	USD	Annual
Contract liability	`IncreaseDecreaseInContractWithCustomerLiability`	-	USD	Annual
Contract liability	`IncreaseDecreaseInContractWithCustomerLiability`	$453.62K	USD	Annual
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$206.85K	USD	Annual
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-512.07K	USD	Annual
Related party payable	`IncreaseDecreaseInDueToOtherRelatedParties`	-	USD	Annual
Related party payable	`IncreaseDecreaseInDueToOtherRelatedParties`	$-97.13K	USD	Annual
Customer deposits	`IncreaseDecreaseInDeposits`	$-41.45K	USD	Annual
Customer deposits	`IncreaseDecreaseInDeposits`	$-124.38K	USD	Annual
Contract assets	`IncreaseDecreaseInContractWithCustomerAsset`	$-34.25K	USD	Annual
Contract assets	`IncreaseDecreaseInContractWithCustomerAsset`	-	USD	Annual
Income taxes receivable	`IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable`	$-17.30K	USD	Annual
Income taxes receivable	`IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable`	$-2.40K	USD	Annual
Deferred lease liability	`IncreaseDecreaseInDeferredLiabilities`	$21.14K	USD	Annual
Deferred lease liability	`IncreaseDecreaseInDeferredLiabilities`	$23.04K	USD	Annual
Net Cash Used In Operating Activities of Continuing Operations	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-3.59M	USD	Annual
Net Cash Used In Operating Activities of Continuing Operations	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-3.95M	USD	Annual
Net Cash Provided By Operating Activities of Discontinued Operations	`CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations`	-	USD	Annual
Net Cash Provided By Operating Activities of Discontinued Operations	`CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations`	$517.24K	USD	Annual
Net Cash Used In Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-3.08M	USD	Annual
Net Cash Used In Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-3.95M	USD	Annual
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$211.49K	USD	Annual
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$10.22K	USD	Annual
Net proceeds from sale of subsidiary	`ProceedsFromDivestitureOfInterestInSubsidiariesAndAffiliates`	$12.07M	USD	Annual
Net proceeds from sale of subsidiary	`ProceedsFromDivestitureOfInterestInSubsidiariesAndAffiliates`	-	USD	Annual
Net Cash (Used In) Provided By Investing Activities of Continuing Operations	`NetCashProvidedByUsedInInvestingActivities`	$-10.22K	USD	Annual
Net Cash (Used In) Provided By Investing Activities of Continuing Operations	`NetCashProvidedByUsedInInvestingActivities`	$11.86M	USD	Annual
Proceeds from line of credit	`ProceedsFromLinesOfCredit`	$4.37M	USD	Annual
Proceeds from line of credit	`ProceedsFromLinesOfCredit`	$3.72M	USD	Annual
Payments on line of credit	`ProceedsFromRepaymentsOfLinesOfCredit`	$-4.28M	USD	Annual
Payments on line of credit	`ProceedsFromRepaymentsOfLinesOfCredit`	$-4.75M	USD	Annual
Net Cash Used In Financing Activities of Continuing Operations	`NetCashProvidedByUsedInFinancingActivities`	$-379.92K	USD	Annual
Net Cash Used In Financing Activities of Continuing Operations	`NetCashProvidedByUsedInFinancingActivities`	$-560.74K	USD	Annual
Net (decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$8.40M	USD	Annual
Net (decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-4.52M	USD	Annual
Cash and cash equivalents and restricted cash at the beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$791.86K	USD	Point-in-time
Cash and cash equivalents and restricted cash at the beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$9.20M	USD	Point-in-time
Cash and cash equivalents and restricted cash at the beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$4.68M	USD	Point-in-time
Cash and cash equivalents at the end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$791.86K	USD	Point-in-time
Cash and cash equivalents at the end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$9.20M	USD	Point-in-time
Cash and cash equivalents at the end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$4.68M	USD	Point-in-time
Cash paid during the year for interest	`InterestPaidNet`	$17.17K	USD	Annual
Cash paid during the year for interest	`InterestPaidNet`	$32.66K	USD	Annual
Cash paid during the year for income taxes, net of refunds	`IncomeTaxesPaid`	$12.41K	USD	Annual
Cash paid during the year for income taxes, net of refunds	`IncomeTaxesPaid`	$139.82K	USD	Annual
Issuance of stock to directors	`StockIssued1`	$144.00K	USD	Annual
Issuance of stock to directors	`StockIssued1`	$144.00K	USD	Annual

Stockholders Equity 13 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance, Amount	`StockholdersEquity`	$6.24M	USD	Point-in-time
Beginning Balance, Amount	`StockholdersEquity`	$5.32M	USD	Point-in-time
Beginning Balance, Amount	`StockholdersEquity`	$9.53M	USD	Point-in-time
Shares issued to directors, value	`StockIssuedDuringPeriodValueIssuedForServices`	$144.00K	USD	Annual
Shares issued to directors, value	`StockIssuedDuringPeriodValueIssuedForServices`	$144.00K	USD	Annual
Stock-based compensation expense related to employee stock options	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition`	$322.89K	USD	Annual
Stock-based compensation expense related to employee stock options	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition`	$6.40K	USD	Annual
Cumulative effect of a change in accounting principle related to ASC 606, net of tax	`NewAccountingPronouncementOrChangeInAccountingPrincipleEffectOfChangeOnNetIncome`	$-430.00K	USD	Annual
Net income (loss) attributable to common stockholders	`NetIncomeLoss`	$-3.02M	USD	Annual
Net income (loss) attributable to common stockholders	`NetIncomeLoss`	$3.75M	USD	Annual
Ending Balance, Amount	`StockholdersEquity`	$6.24M	USD	Point-in-time
Ending Balance, Amount	`StockholdersEquity`	$5.32M	USD	Point-in-time
Ending Balance, Amount	`StockholdersEquity`	$9.53M	USD	Point-in-time

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