10-Q Filing

TELKONET INC CIK: 1094084 Q1 2021

Filing Information

Form Type	10-Q
Accession Number	`0001683168-21-002005`
Period End Date	20210331
Filing Date	20210517
Fiscal Year	2021
Fiscal Period	Q1
XBRL Instance	tkoi-20210331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 75 Income Statement 36 Cash Flow Statement 51 Stockholders Equity 14

Balance Sheet 75 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`	$3.01M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.68M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$865.17K	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$1.01M	USD	Point-in-time
Inventories, net	`InventoryNet`	$1.39M	USD	Point-in-time
Inventories, net	`InventoryNet`	$1.16M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Contract assets	`ContractWithCustomerAssetNet`	$104.99K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Contract assets	`ContractWithCustomerAssetNet`	$15.47K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$183.68K	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
Common stock, shares issued	`CommonStockSharesIssued`	135.99M	shares	Point-in-time
Income taxes receivable	`IncomeTaxesReceivable`	$105.75K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$5.62M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	135.99M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$5.16M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	136.31M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$127.67K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$114.43K	USD	Point-in-time
Deposits	`DepositsAssets`	$7.00K	USD	Point-in-time
Deposits	`DepositsAssets`	$7.00K	USD	Point-in-time
Operating lease right of use assets	`OperatingLeaseRightOfUseAsset`	$737.55K	USD	Point-in-time
Operating lease right of use assets	`OperatingLeaseRightOfUseAsset`	$697.21K	USD	Point-in-time
Total other assets	`OtherAssetsNoncurrent`	$744.55K	USD	Point-in-time
Total other assets	`OtherAssetsNoncurrent`	$704.21K	USD	Point-in-time
Total Assets	`Assets`	$5.97M	USD	Point-in-time
Total Assets	`Assets`	$6.49M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.04M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$774.67K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$789.99K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$563.31K	USD	Point-in-time
Line of credit	`LinesOfCreditCurrent`	$267.29K	USD	Point-in-time
Line of credit	`LinesOfCreditCurrent`	$587.81K	USD	Point-in-time
Contract liabilities - current	`ContractWithCustomerLiabilityCurrent`	$888.06K	USD	Point-in-time
Contract liabilities - current	`ContractWithCustomerLiabilityCurrent`	$974.50K	USD	Point-in-time
Operating lease liabilities - current	`OperatingLeaseLiabilityCurrent`	$242.30K	USD	Point-in-time
Operating lease liabilities - current	`OperatingLeaseLiabilityCurrent`	$226.46K	USD	Point-in-time
Operating lease liabilities - current	`OperatingLeaseLiabilityCurrent`	$236.74K	USD	Point-in-time
Note payable - current	`NotesPayableCurrent`	$913.06K	USD	Point-in-time
Note payable - current	`NotesPayableCurrent`	-	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$3.36M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$3.92M	USD	Point-in-time
Contract liabilities - long-term	`ContractWithCustomerLiabilityNoncurrent`	$164.31K	USD	Point-in-time
Contract liabilities - long-term	`ContractWithCustomerLiabilityNoncurrent`	$186.45K	USD	Point-in-time
Operating lease liabilities - long-term	`OperatingLeaseLiabilityNoncurrent`	$557.29K	USD	Point-in-time
Operating lease liabilities - long-term	`OperatingLeaseLiabilityNoncurrent`	$720.89K	USD	Point-in-time
Operating lease liabilities - long-term	`OperatingLeaseLiabilityNoncurrent`	$592.34K	USD	Point-in-time
Accrued royalties - long-term	`AccruedRoyaltiesCurrentAndNoncurrent`	$500.00K	USD	Point-in-time
Accrued royalties - long-term	`AccruedRoyaltiesCurrentAndNoncurrent`	$465.00K	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$1.21M	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$1.26M	USD	Point-in-time
Total liabilities	`Liabilities`	$5.17M	USD	Point-in-time
Total liabilities	`Liabilities`	$4.57M	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 136,311,335 shares issued and outstanding at March 31, 2021 and December 31, 2020, respectively.	`CommonStockValue`	$136.31K	USD	Point-in-time
Common stock, par value $.001 per share; 190,000,000 shares authorized; 136,311,335 and 136,311,335 shares issued and outstanding at March 31, 2021 and December 31, 2020, respectively.	`CommonStockValue`	$136.31K	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapital`	$127.73M	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapital`	$127.74M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-128.26M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-128.17M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$3.81M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$4.44M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$1.40M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$1.32M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$6.49M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$5.97M	USD	Point-in-time

Income Statement 36 line items

Line Item	Tag	Value	Unit	Period
Total Net Revenue	`Revenues`	$1.80M	USD	1 Quarter
Total Net Revenue	`Revenues`	$1.29M	USD	1 Quarter
Total Cost of Sales	`CostOfRevenue`	$989.38K	USD	1 Quarter
Total Cost of Sales	`CostOfRevenue`	$588.71K	USD	1 Quarter
Gross Profit	`GrossProfit`	$814.05K	USD	1 Quarter
Gross Profit	`GrossProfit`	$705.50K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$369.24K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$311.45K	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$1.07M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$1.21M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$13.24K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$14.79K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$1.45M	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$1.54M	USD	1 Quarter
Operating Loss	`OperatingIncomeLoss`	$-640.60K	USD	1 Quarter
Operating Loss	`OperatingIncomeLoss`	$-830.30K	USD	1 Quarter
Gain on debt extinguishment	`GainsLossesOnExtinguishmentOfDebt`	$920.67K	USD	1 Quarter
Gain on debt extinguishment	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-7.87K	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-8.68K	USD	1 Quarter
Total Other Income (Expenses)	`NonoperatingIncomeExpense`	$-8.68K	USD	1 Quarter
Total Other Income (Expenses)	`NonoperatingIncomeExpense`	$912.80K	USD	1 Quarter
Income (Loss) before Provision for Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-649.28K	USD	1 Quarter
Income (Loss) before Provision for Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$82.50K	USD	1 Quarter
Income Taxes Provision (Benefit)	`IncomeTaxExpenseBenefit`	$3.22K	USD	1 Quarter
Income Taxes Provision (Benefit)	`IncomeTaxExpenseBenefit`	$-235.00	USD	1 Quarter
Net Income (Loss) Attributable to Common Stockholders	`NetIncomeLoss`	$82.74K	USD	1 Quarter
Net Income (Loss) Attributable to Common Stockholders	`NetIncomeLoss`	$-652.50K	USD	1 Quarter
Basic - Net Income (Loss) Attributable to Common Stockholders	`EarningsPerShareBasic`	-	USD	1 Quarter
Basic - Net Income (Loss) Attributable to Common Stockholders	`EarningsPerShareBasic`	$-0.01	USD	1 Quarter
Diluted - Net Income (Loss) Attributable to Common Stockholders	`EarningsPerShareDiluted`	-	USD	1 Quarter
Diluted - Net Income (Loss) Attributable to Common Stockholders	`EarningsPerShareDiluted`	$-0.01	USD	1 Quarter
Weighted Average Common Shares Outstanding used in Computing Basic Net Income/Loss Per Share	`WeightedAverageNumberOfSharesOutstandingBasic`	135.99M	shares	1 Quarter
Weighted Average Common Shares Outstanding used in Computing Basic Net Income/Loss Per Share	`WeightedAverageNumberOfSharesOutstandingBasic`	136.31M	shares	1 Quarter
Weighted Average Common Shares Outstanding used in Computing Diluted Net Income/Loss Per Share	`WeightedAverageNumberOfDilutedSharesOutstanding`	135.99M	shares	1 Quarter
Weighted Average Common Shares Outstanding used in Computing Diluted Net Income/Loss Per Share	`WeightedAverageNumberOfDilutedSharesOutstanding`	136.31M	shares	1 Quarter

Cash Flow Statement 51 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLossAvailableToCommonStockholdersBasic`	$82.74K	USD	1 Quarter
Net loss	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-652.50K	USD	1 Quarter
Stock-based compensation expense related to employee stock options	`ShareBasedCompensation`	$1.81K	USD	1 Quarter
Stock-based compensation expense related to employee stock options	`ShareBasedCompensation`	$1.81K	USD	1 Quarter
Stock issued to directors as compensation	`IssuanceOfStockAndWarrantsForServicesOrClaims`	-	USD	1 Quarter
Stock issued to directors as compensation	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$18.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$13.24K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$14.79K	USD	1 Quarter
Noncash operating lease expense	`OtherNoncashExpense`	$57.39K	USD	1 Quarter
Noncash operating lease expense	`OtherNoncashExpense`	$58.78K	USD	1 Quarter
Gain on debt extinguishment	`GainsLossesOnExtinguishmentOfDebt`	$920.67K	USD	1 Quarter
Gain on debt extinguishment	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$142.38K	USD	1 Quarter
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$-961.00K	USD	1 Quarter
Inventories, net	`IncreaseDecreaseInInventories`	$-331.26K	USD	1 Quarter
Inventories, net	`IncreaseDecreaseInInventories`	$-223.48K	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$40.95K	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$89.31K	USD	1 Quarter
Deposits	`IncreaseDecreaseInOtherOperatingLiabilities`	-	USD	1 Quarter
Deposits	`IncreaseDecreaseInOtherOperatingLiabilities`	$10.13K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$-268.34K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$-581.75K	USD	1 Quarter
Accrued royalties - long-term	`IncreaseDecreaseInRoyaltiesPayable`	$-35.00K	USD	1 Quarter
Accrued royalties - long-term	`IncreaseDecreaseInRoyaltiesPayable`	-	USD	1 Quarter
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-84.97K	USD	1 Quarter
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$234.29K	USD	1 Quarter
Contract liabilities	`IncreaseDecreaseInContractWithCustomerLiability`	$-157.06K	USD	1 Quarter
Contract liabilities	`IncreaseDecreaseInContractWithCustomerLiability`	$108.58K	USD	1 Quarter
Contract assets	`IncreaseDecreaseInContractWithCustomerAsset`	$-89.52K	USD	1 Quarter
Contract assets	`IncreaseDecreaseInContractWithCustomerAsset`	$-115.36K	USD	1 Quarter
Operating lease liabilities	`IncreaseDecreaseInOperatingLeaseLiability`	$-55.03K	USD	1 Quarter
Operating lease liabilities	`IncreaseDecreaseInOperatingLeaseLiability`	$-57.66K	USD	1 Quarter
Income taxes receivable	`IncreaseDecreaseInIncomeTaxesReceivable`	$397.00	USD	1 Quarter
Income taxes receivable	`IncreaseDecreaseInIncomeTaxesReceivable`	-	USD	1 Quarter
Net Cash Used In Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-653.95K	USD	1 Quarter
Net Cash Used In Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-109.89K	USD	1 Quarter
Proceeds from line of credit	`ProceedsFromLinesOfCredit`	$2.82M	USD	1 Quarter
Proceeds from line of credit	`ProceedsFromLinesOfCredit`	$1.68M	USD	1 Quarter
Payments on line of credit	`RepaymentsOfLinesOfCredit`	$2.93M	USD	1 Quarter
Payments on line of credit	`RepaymentsOfLinesOfCredit`	$1.36M	USD	1 Quarter
Net Cash Provided By (Used In) Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$-105.88K	USD	1 Quarter
Net Cash Provided By (Used In) Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$320.52K	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-215.77K	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-333.43K	USD	1 Quarter
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`	$3.01M	USD	Point-in-time
Cash and cash equivalents at the beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$2.68M	USD	Point-in-time
Cash and cash equivalents at the end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$3.08M	USD	Point-in-time
Cash and cash equivalents at the end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.68M	USD	Point-in-time
Cash paid during the period for interest	`InterestPaidNet`	$5.88K	USD	1 Quarter
Cash paid during the period for interest	`InterestPaidNet`	$15.56K	USD	1 Quarter

Stockholders Equity 14 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance, Amount	`StockholdersEquity`	$3.81M	USD	Point-in-time
Beginning Balance, Amount	`StockholdersEquity`	$4.44M	USD	Point-in-time
Beginning Balance, Amount	`StockholdersEquity`	$1.40M	USD	Point-in-time
Beginning Balance, Amount	`StockholdersEquity`	$1.32M	USD	Point-in-time
Shares issued to directors, value	`StockIssuedDuringPeriodValueNewIssues`	-	USD	1 Quarter
Shares issued to directors, value	`StockIssuedDuringPeriodValueNewIssues`	$18.00K	USD	1 Quarter
Stock-based compensation expense related to employee stock options	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition`	$1.81K	USD	1 Quarter
Stock-based compensation expense related to employee stock options	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition`	$1.81K	USD	1 Quarter
Net loss attributable to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$82.74K	USD	1 Quarter
Net loss attributable to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-652.50K	USD	1 Quarter
Ending Balance, Amount	`StockholdersEquity`	$3.81M	USD	Point-in-time
Ending Balance, Amount	`StockholdersEquity`	$4.44M	USD	Point-in-time
Ending Balance, Amount	`StockholdersEquity`	$1.40M	USD	Point-in-time
Ending Balance, Amount	`StockholdersEquity`	$1.32M	USD	Point-in-time

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