10-K Filing

TELKONET INC CIK: 1094084 FY 2019

Filing Information

Form Type	10-K
Accession Number	`0001683168-20-000995`
Period End Date	20191231
Filing Date	20200330
Fiscal Year	2019
Fiscal Period	FY
XBRL Instance	tkoi-20191231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 74 Income Statement 36 Cash Flow Statement 61 Stockholders Equity 13

Balance Sheet 74 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	15.00M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	15.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$9.20M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.30M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.68M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$1.08M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$2.28M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Inventories	`InventoryNet`	$1.37M	USD	Point-in-time
Inventories	`InventoryNet`	$1.79M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Contract assets	`ContractWithCustomerAssetNet`	$314.75K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	190.00M	shares	Point-in-time
Contract assets	`ContractWithCustomerAssetNet`	$188.12K	USD	Point-in-time
Contract assets	`ContractWithCustomerAssetNet`	-	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	190.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	135.99M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	134.79M	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$577.39K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$251.62K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	134.79M	shares	Point-in-time
Income taxes receivable	`IncomeTaxesReceivable`	$19.70K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	135.99M	shares	Point-in-time
Income taxes receivable	`IncomeTaxesReceivable`	$85.07K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$7.48M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$8.46M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$186.53K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$247.29K	USD	Point-in-time
Deposits	`DepositsAssets`	$17.13K	USD	Point-in-time
Deposits	`DepositsAssets`	$17.13K	USD	Point-in-time
Operating lease right of use assets	`OperatingLeaseRightOfUseAsset`	-	USD	Point-in-time
Operating lease right of use assets	`OperatingLeaseRightOfUseAsset`	$892.17K	USD	Point-in-time
Deferred tax asset	`DeferredTaxAssetsNetNoncurrent`	$28.02K	USD	Point-in-time
Deferred tax asset	`DeferredTaxAssetsNetNoncurrent`	-	USD	Point-in-time
Total other assets	`AssetsNoncurrent`	$937.32K	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`	$8.61M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.27M	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`	$527.83K	USD	Point-in-time
Line of credit	`LinesOfCreditCurrent`	$624.35K	USD	Point-in-time
Line of credit	`LinesOfCreditCurrent`	$121.47K	USD	Point-in-time
Contract liabilities - current	`ContractWithCustomerLiabilityCurrent`	$653.05K	USD	Point-in-time
Contract liabilities - current	`ContractWithCustomerLiabilityCurrent`	$1.07M	USD	Point-in-time
Operating lease liabilities - current	`OperatingLeaseLiabilityCurrent`	$223.84K	USD	Point-in-time
Operating lease liabilities - current	`OperatingLeaseLiabilityCurrent`	-	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$3.29M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.26M	USD	Point-in-time
Contract liabilties - long-term	`ContractWithCustomerLiabilityNoncurrent`	$111.13K	USD	Point-in-time
Contract liabilties - long-term	`ContractWithCustomerLiabilityNoncurrent`	$162.12K	USD	Point-in-time
Operating lease liabilities - long-term	`OperatingLeaseLiabilityNoncurrent`	$758.32K	USD	Point-in-time
Operating lease liabilities - long-term	`OperatingLeaseLiabilityNoncurrent`	-	USD	Point-in-time
Deferred lease liability - long-term	`CapitalLeaseObligationsNoncurrent`	-	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`	$869.45K	USD	Point-in-time
Total Liabilities	`Liabilities`	$2.49M	USD	Point-in-time
Total Liabilities	`Liabilities`	$4.16M	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; 135,990,491 and 134,793,211 shares issued and outstanding at December 31, 2019 and 2018, respectively	`CommonStockValue`	$135.99K	USD	Point-in-time
Common stock, par value $.001 per share; 190,000,000 shares authorized; 135,990,491 and 134,793,211 shares issued and outstanding at December 31, 2019 and 2018, respectively	`CommonStockValue`	$134.79K	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapital`	$127.71M	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapital`	$127.57M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-125.11M	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`	$4.44M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$6.24M	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`	$8.61M	USD	Point-in-time

Income Statement 36 line items

Line Item	Tag	Value	Unit	Period
Total Net Revenues	`Revenues`	$11.98M	USD	Annual
Total Net Revenues	`Revenues`	$8.43M	USD	Annual
Total Cost of Sales	`CostOfRevenue`	$7.00M	USD	Annual
Total Cost of Sales	`CostOfRevenue`	$4.66M	USD	Annual
Gross Profit	`GrossProfit`	$4.98M	USD	Annual
Gross Profit	`GrossProfit`	$3.77M	USD	Annual
Research and development	`ResearchAndDevelopmentExpense`	$1.74M	USD	Annual
Research and development	`ResearchAndDevelopmentExpense`	$1.88M	USD	Annual
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$5.16M	USD	Annual
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$4.84M	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$67.11K	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$66.08K	USD	Annual
Total Operating Expenses	`OperatingExpenses`	$6.79M	USD	Annual
Total Operating Expenses	`OperatingExpenses`	$6.96M	USD	Annual
Operating Loss	`OperatingIncomeLoss`	$-1.98M	USD	Annual
Operating Loss	`OperatingIncomeLoss`	$-3.02M	USD	Annual
Gain on sale of fixed assets	`GainLossOnSaleOfPropertyPlantEquipment`	-	USD	Annual
Gain on sale of fixed assets	`GainLossOnSaleOfPropertyPlantEquipment`	$150.00	USD	Annual
Interest income (expense), net	`InterestIncomeExpenseNet`	$13.62K	USD	Annual
Interest income (expense), net	`InterestIncomeExpenseNet`	$-53.29K	USD	Annual
Total Other Income (Expense)	`NonoperatingIncomeExpense`	$-53.14K	USD	Annual
Total Other Income (Expense)	`NonoperatingIncomeExpense`	$13.62K	USD	Annual
Loss before Provision for Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-2.03M	USD	Annual
Loss before Provision for Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-3.01M	USD	Annual
Provision for Income Taxes	`IncomeTaxExpenseBenefit`	$-100.36K	USD	Annual
Provision for Income Taxes	`IncomeTaxExpenseBenefit`	$9.62K	USD	Annual
Net Loss Attributable to Common Stockholders	`NetIncomeLoss`	$-1.93M	USD	Annual
Net Loss Attributable to Common Stockholders	`NetIncomeLoss`	$-3.02M	USD	Annual
Basic - net loss attributable to common stockholders	`EarningsPerShareBasic`	$-0.02	USD	Annual
Basic - net loss attributable to common stockholders	`EarningsPerShareBasic`	$-0.01	USD	Annual
Diluted - net loss attributable to common stockholders	`EarningsPerShareDiluted`	$-0.01	USD	Annual
Diluted - net loss attributable to common stockholders	`EarningsPerShareDiluted`	$-0.02	USD	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 basic net loss per share	`WeightedAverageNumberOfSharesOutstandingBasic`	135.21M	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`	135.21M	shares	Annual

Cash Flow Statement 61 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-3.02M	USD	Annual
Net loss	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-1.93M	USD	Annual
Stock-based compensation expense related to employee stock options	`ShareBasedCompensation`	$7.26K	USD	Annual
Stock-based compensation expense related to employee stock options	`ShareBasedCompensation`	$6.40K	USD	Annual
Stock issued to directors as compensation	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$132.00K	USD	Annual
Stock issued to directors as compensation	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$144.00K	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$67.11K	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$66.08K	USD	Annual
Provision for doubtful accounts, net of recoveries	`ProvisionForDoubtfulAccounts`	$55.15K	USD	Annual
Provision for doubtful accounts, net of recoveries	`ProvisionForDoubtfulAccounts`	-	USD	Annual
Reserve for inventory obsolescence	`InventoryWriteDown`	$-130.75K	USD	Annual
Reserve for inventory obsolescence	`InventoryWriteDown`	$-126.51K	USD	Annual
Noncash operating lease expense	`OtherNoncashExpense`	$237.90K	USD	Annual
Noncash operating lease expense	`OtherNoncashExpense`	-	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-473.85K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$1.20M	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$400.64K	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$-544.35K	USD	Annual
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$433.82K	USD	Annual
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-325.77K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-570.16K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$857.51K	USD	Annual
Accrued liabilities and expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-128.78K	USD	Annual
Accrued liabilities and expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-12.20K	USD	Annual
Contract liability	`IncreaseDecreaseInContractWithCustomerLiability`	$-468.44K	USD	Annual
Contract liability	`IncreaseDecreaseInContractWithCustomerLiability`	$329.24K	USD	Annual
Contract assets	`IncreaseDecreaseInContractWithCustomerAsset`	$-34.25K	USD	Annual
Contract assets	`IncreaseDecreaseInContractWithCustomerAsset`	$-126.63K	USD	Annual
Operating lease liability	`IncreaseDecreaseInOperatingLiabilities`	$-219.80K	USD	Annual
Operating lease liability	`IncreaseDecreaseInOperatingLiabilities`	-	USD	Annual
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	-	USD	Annual
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-512.07K	USD	Annual
Income taxes receivable	`IncreaseDecreaseInIncomeTaxesReceivable`	$2.40K	USD	Annual
Income taxes receivable	`IncreaseDecreaseInIncomeTaxesReceivable`	$93.40K	USD	Annual
Deferred lease liability	`IncreaseDecreaseInDeferredLiabilities`	-	USD	Annual
Deferred lease liability	`IncreaseDecreaseInDeferredLiabilities`	$23.04K	USD	Annual
Net Cash Used In Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-3.95M	USD	Annual
Net Cash Used In Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.88M	USD	Annual
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$10.22K	USD	Annual
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$5.32K	USD	Annual
Net Cash Used In Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-5.32K	USD	Annual
Net Cash Used In Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-10.22K	USD	Annual
Proceeds from line of credit	`ProceedsFromLinesOfCredit`	$3.72M	USD	Annual
Proceeds from line of credit	`ProceedsFromLinesOfCredit`	$11.74M	USD	Annual
Payments on line of credit	`ProceedsFromRepaymentsOfLinesOfCredit`	$-4.28M	USD	Annual
Payments on line of credit	`ProceedsFromRepaymentsOfLinesOfCredit`	$-11.24M	USD	Annual
Net Cash Provided (Used in) Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$-560.74K	USD	Annual
Net Cash Provided (Used in) Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$502.87K	USD	Annual
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-4.52M	USD	Annual
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.38M	USD	Annual
Cash and cash equivalents at the beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$9.20M	USD	Point-in-time
Cash and cash equivalents at the beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$3.30M	USD	Point-in-time
Cash and cash equivalents at the beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$4.68M	USD	Point-in-time
Cash and cash equivalents at the end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$4.68M	USD	Point-in-time
Cash and cash equivalents at the end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$3.30M	USD	Point-in-time
Cash paid during the year for interest	`InterestPaidNet`	$32.66K	USD	Annual
Cash paid during the year for interest	`InterestPaidNet`	$83.11K	USD	Annual
Cash paid (received) during the year for income taxes, net of refunds	`IncomeTaxesPaidNet`	$12.41K	USD	Annual
Cash paid (received) during the year for income taxes, net of refunds	`IncomeTaxesPaidNet`	$-6.97K	USD	Annual
Issuance of stock to directors	`StockIssued1`	$132.00K	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`	$4.44M	USD	Point-in-time
Beginning Balance, Amount	`StockholdersEquity`	$6.24M	USD	Point-in-time
Beginning Balance, Amount	`StockholdersEquity`	$9.53M	USD	Point-in-time
Cumulative effect of a change in accounting principle related to ASC 606, net of tax	`CumulativeEffectOfChangeInAccountingPrincipleRelatedToAsc606NetOfTax`	$-430.00K	USD	Annual
Shares issued to directors, value	`StockIssuedDuringPeriodValueNewIssues`	$132.00K	USD	Annual
Shares issued to directors, value	`StockIssuedDuringPeriodValueNewIssues`	$144.00K	USD	Annual
Stock-based compensation expense related to employee stock options	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition`	$7.26K	USD	Annual
Stock-based compensation expense related to employee stock options	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition`	$6.40K	USD	Annual
Net income attributable to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-3.02M	USD	Annual
Net income attributable to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-1.93M	USD	Annual
Ending Balance, Amount	`StockholdersEquity`	$4.44M	USD	Point-in-time
Ending Balance, Amount	`StockholdersEquity`	$6.24M	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.