10-K Filing

TELKONET INC CIK: 1094084 FY 2020

Filing Information

Form Type	10-K
Accession Number	`0001683168-21-001114`
Period End Date	20201231
Filing Date	20210331
Fiscal Year	2020
Fiscal Period	FY
XBRL Instance	tkoi-20201231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 74 Income Statement 36 Cash Flow Statement 61 Stockholders Equity 12

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`	$3.30M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.68M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.01M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$865.17K	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$2.28M	USD	Point-in-time
Inventories, net	`InventoryNet`	$1.37M	USD	Point-in-time
Inventories, net	`InventoryNet`	$1.39M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Contract assets	`ContractWithCustomerAssetNet`	$104.99K	USD	Point-in-time
Contract assets	`ContractWithCustomerAssetNet`	$188.12K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$251.62K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	190.00M	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$142.73K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	190.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	136.31M	shares	Point-in-time
Income taxes receivable	`IncomeTaxesReceivable`	$105.75K	USD	Point-in-time
Income taxes receivable	`IncomeTaxesReceivable`	$85.07K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	135.99M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	136.31M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$5.62M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$7.48M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	135.99M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$186.53K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$127.67K	USD	Point-in-time
Deposits	`DepositsAssets`	$7.00K	USD	Point-in-time
Deposits	`DepositsAssets`	$17.13K	USD	Point-in-time
Operating lease right of use assets	`OperatingLeaseRightOfUseAsset`	$892.17K	USD	Point-in-time
Operating lease right of use assets	`OperatingLeaseRightOfUseAsset`	$737.55K	USD	Point-in-time
Deferred tax asset	`DeferredIncomeTaxAssetsNet`	-	USD	Point-in-time
Deferred tax asset	`DeferredIncomeTaxAssetsNet`	$28.02K	USD	Point-in-time
Total other assets	`OtherAssetsNoncurrent`	$744.55K	USD	Point-in-time
Total other assets	`OtherAssetsNoncurrent`	$937.32K	USD	Point-in-time
Total Assets	`Assets`	$6.49M	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`	$1.04M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$563.31K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$527.83K	USD	Point-in-time
Line of credit	`LinesOfCreditCurrent`	$267.29K	USD	Point-in-time
Line of credit	`LinesOfCreditCurrent`	$624.35K	USD	Point-in-time
Contract liabilities - current	`ContractWithCustomerLiabilityCurrent`	$653.05K	USD	Point-in-time
Contract liabilities - current	`ContractWithCustomerLiabilityCurrent`	$888.06K	USD	Point-in-time
Operating lease liabilities - current	`OperatingLeaseLiabilityCurrent`	$223.84K	USD	Point-in-time
Operating lease liabilities - current	`OperatingLeaseLiabilityCurrent`	$242.30K	USD	Point-in-time
Note payable - current	`NotesPayableCurrent`	-	USD	Point-in-time
Note payable - current	`NotesPayableCurrent`	$913.06K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$3.92M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$3.29M	USD	Point-in-time
Contract liabilities - long-term	`ContractWithCustomerLiabilityNoncurrent`	$111.13K	USD	Point-in-time
Contract liabilities - long-term	`ContractWithCustomerLiabilityNoncurrent`	$164.31K	USD	Point-in-time
Operating lease liabilities - long-term	`OperatingLeaseLiabilityNoncurrent`	$592.34K	USD	Point-in-time
Operating lease liabilities - long-term	`OperatingLeaseLiabilityNoncurrent`	$758.32K	USD	Point-in-time
Accrued royalties - long-term	`AccruedRoyaltiesCurrentAndNoncurrent`	$500.00K	USD	Point-in-time
Accrued royalties - long-term	`AccruedRoyaltiesCurrentAndNoncurrent`	-	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$1.26M	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$869.45K	USD	Point-in-time
Total Liabilities	`Liabilities`	$5.17M	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; 136,311,335 and 135,990,491 shares issued and outstanding at December 31, 2020 and 2019, respectively.	`CommonStockValue`	$135.99K	USD	Point-in-time
Common Stock, par value $.001 per share; 190,000,000 shares authorized; 136,311,335 and 135,990,491 shares issued and outstanding at December 31, 2020 and 2019, respectively.	`CommonStockValue`	$136.31K	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapital`	$127.71M	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapital`	$127.73M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-125.11M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-128.26M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$6.24M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$1.32M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$4.44M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$8.61M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$6.49M	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`	$6.49M	USD	Annual
Total Cost of Sales	`CostOfRevenue`	$7.00M	USD	Annual
Total Cost of Sales	`CostOfRevenue`	$3.61M	USD	Annual
Gross Profit	`GrossProfit`	$4.98M	USD	Annual
Gross Profit	`GrossProfit`	$2.89M	USD	Annual
Research and development	`ResearchAndDevelopmentExpense`	$1.18M	USD	Annual
Research and development	`ResearchAndDevelopmentExpense`	$1.74M	USD	Annual
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$4.75M	USD	Annual
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$5.16M	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$66.08K	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$58.85K	USD	Annual
Total Operating Expenses	`OperatingExpenses`	$6.96M	USD	Annual
Total Operating Expenses	`OperatingExpenses`	$5.99M	USD	Annual
Operating Loss	`OperatingIncomeLoss`	$-1.98M	USD	Annual
Operating Loss	`OperatingIncomeLoss`	$-3.11M	USD	Annual
Gain on sale of fixed assets	`GainLossOnSaleOfPropertyPlantEquipment`	$150.00	USD	Annual
Gain on sale of fixed assets	`GainLossOnSaleOfPropertyPlantEquipment`	-	USD	Annual
Interest expense, net	`InterestIncomeExpenseNet`	$-53.29K	USD	Annual
Interest expense, net	`InterestIncomeExpenseNet`	$-21.64K	USD	Annual
Total Other Income (Expense)	`NonoperatingIncomeExpense`	$-53.14K	USD	Annual
Total Other Income (Expense)	`NonoperatingIncomeExpense`	$-21.64K	USD	Annual
Loss before Provision for Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-3.13M	USD	Annual
Loss before Provision for Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-2.03M	USD	Annual
Provision for Income Taxes	`IncomeTaxExpenseBenefit`	$22.60K	USD	Annual
Provision for Income Taxes	`IncomeTaxExpenseBenefit`	$-100.36K	USD	Annual
Net Loss Attributable to Common Stockholders	`NetIncomeLoss`	$-3.15M	USD	Annual
Net Loss Attributable to Common Stockholders	`NetIncomeLoss`	$-1.93M	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`	$-0.02	USD	Annual
Diluted - net loss attributable to common stockholders	`EarningsPerShareDiluted`	$-0.01	USD	Annual
Weighted Average Common Shares Outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	136.23M	shares	Annual
Weighted Average Common Shares Outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	135.21M	shares	Annual
Weighted Average Common Shares Outstanding - diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	135.21M	shares	Annual
Weighted Average Common Shares Outstanding - diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	136.23M	shares	Annual

Cash Flow Statement 61 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-1.93M	USD	Annual
Net loss	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-3.15M	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`	$7.26K	USD	Annual
Stock issued to directors as compensation	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$18.00K	USD	Annual
Stock issued to directors as compensation	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$132.00K	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$66.08K	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$58.85K	USD	Annual
Noncash operating lease expense	`OtherNoncashExpense`	$237.90K	USD	Annual
Noncash operating lease expense	`OtherNoncashExpense`	$230.94K	USD	Annual
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-28.02K	USD	Annual
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$28.02K	USD	Annual
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$1.20M	USD	Annual
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$-1.42M	USD	Annual
Inventories, net	`IncreaseDecreaseInInventories`	$-417.85K	USD	Annual
Inventories, net	`IncreaseDecreaseInInventories`	$15.19K	USD	Annual
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-325.77K	USD	Annual
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-108.89K	USD	Annual
Deposits	`IncreaseDecreaseInOtherOperatingLiabilities`	$10.13K	USD	Annual
Deposits	`IncreaseDecreaseInOtherOperatingLiabilities`	-	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$-222.55K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$857.51K	USD	Annual
Accrued royalties - long-term	`IncreaseDecreaseInRoyaltiesPayable`	$500.00K	USD	Annual
Accrued royalties - long-term	`IncreaseDecreaseInRoyaltiesPayable`	-	USD	Annual
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$35.49K	USD	Annual
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-128.78K	USD	Annual
Contract liabilities	`IncreaseDecreaseInContractWithCustomerLiability`	$288.18K	USD	Annual
Contract liabilities	`IncreaseDecreaseInContractWithCustomerLiability`	$-468.44K	USD	Annual
Contract assets	`IncreaseDecreaseInContractWithCustomerAsset`	$-126.63K	USD	Annual
Contract assets	`IncreaseDecreaseInContractWithCustomerAsset`	$-83.13K	USD	Annual
Operating lease liabilities	`IncreaseDecreaseOperatingLeaseLiabilities`	$-219.80K	USD	Annual
Operating lease liabilities	`IncreaseDecreaseOperatingLeaseLiabilities`	$-223.84K	USD	Annual
Income taxes receivable	`IncreaseDecreaseInIncomeTaxesReceivable`	$65.38K	USD	Annual
Income taxes receivable	`IncreaseDecreaseInIncomeTaxesReceivable`	$20.68K	USD	Annual
Net Cash Used In Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-844.79K	USD	Annual
Net Cash Used In Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.88M	USD	Annual
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	-	USD	Annual
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$5.32K	USD	Annual
Net Cash Used In Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	Annual
Net Cash Used In Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-5.32K	USD	Annual
Proceeds from note payable	`ProceedsFromNotesPayable`	$913.06K	USD	Annual
Proceeds from note payable	`ProceedsFromNotesPayable`	-	USD	Annual
Proceeds from line of credit	`ProceedsFromLinesOfCredit`	$5.83M	USD	Annual
Proceeds from line of credit	`ProceedsFromLinesOfCredit`	$11.74M	USD	Annual
Payments on line of credit	`RepaymentsOfLinesOfCredit`	$6.19M	USD	Annual
Payments on line of credit	`RepaymentsOfLinesOfCredit`	$11.24M	USD	Annual
Net Cash Provided (Used in) Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$502.87K	USD	Annual
Net Cash Provided (Used in) Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$556.00K	USD	Annual
Net decrease in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-1.38M	USD	Annual
Net decrease in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-288.79K	USD	Annual
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 beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$3.01M	USD	Point-in-time
Cash and cash equivalents at the end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$3.30M	USD	Point-in-time
Cash and cash equivalents at the end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$3.01M	USD	Point-in-time
Cash paid during the year for interest	`InterestPaidNet`	$29.08K	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`	$11.26K	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`	$18.00K	USD	Annual
Issuance of stock to directors	`StockIssued1`	$132.00K	USD	Annual

Stockholders Equity 12 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance, Amount	`StockholdersEquity`	$6.24M	USD	Point-in-time
Beginning Balance, Amount	`StockholdersEquity`	$1.32M	USD	Point-in-time
Beginning Balance, Amount	`StockholdersEquity`	$4.44M	USD	Point-in-time
Shares issued to directors, value	`StockIssuedDuringPeriodValueNewIssues`	$132.00K	USD	Annual
Shares issued to directors, value	`StockIssuedDuringPeriodValueNewIssues`	$18.00K	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`	$7.26K	USD	Annual
Net loss attributable to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-1.93M	USD	Annual
Net loss attributable to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-3.15M	USD	Annual
Ending Balance, Amount	`StockholdersEquity`	$6.24M	USD	Point-in-time
Ending Balance, Amount	`StockholdersEquity`	$1.32M	USD	Point-in-time
Ending Balance, Amount	`StockholdersEquity`	$4.44M	USD	Point-in-time

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