10-K Filing

TELKONET INC CIK: 1094084 FY 2021

Filing Information

Form Type	10-K
Accession Number	`0001683168-22-002167`
Period End Date	20211231
Filing Date	20220331
Fiscal Year	2021
Fiscal Period	FY
XBRL Instance	telkonet_i10k-123121_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 69 Income Statement 36 Cash Flow Statement 62 Stockholders Equity 11

Balance Sheet 69 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.36M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.01M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$1.01M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$865.17K	USD	Point-in-time
Inventories, net	`InventoryNet`	$825.56K	USD	Point-in-time
Inventories, net	`InventoryNet`	$1.39M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	190.00M	shares	Point-in-time
Contract assets	`ContractWithCustomerAssetNet`	$266.01K	USD	Point-in-time
Contract assets	`ContractWithCustomerAssetNet`	$104.99K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	475.00M	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$735.09K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$142.73K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	136.31M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	136.31M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	136.31M	shares	Point-in-time
Income taxes receivable	`IncomeTaxesReceivable`	$105.75K	USD	Point-in-time
Income taxes receivable	`IncomeTaxesReceivable`	-	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	136.31M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$5.20M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$5.62M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$84.20K	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`	$7.59K	USD	Point-in-time
Operating lease right of use assets	`OperatingLeaseRightOfUseAsset`	$737.55K	USD	Point-in-time
Operating lease right of use assets	`OperatingLeaseRightOfUseAsset`	$570.51K	USD	Point-in-time
Total other assets	`OtherAssetsNoncurrent`	$744.55K	USD	Point-in-time
Total other assets	`OtherAssetsNoncurrent`	$578.11K	USD	Point-in-time
Total Assets	`Assets`	$6.49M	USD	Point-in-time
Total Assets	`Assets`	$5.86M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.87M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.04M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$718.72K	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`	$403.09K	USD	Point-in-time
Contract liabilities current	`ContractWithCustomerLiabilityCurrent`	$800.97K	USD	Point-in-time
Contract liabilities current	`ContractWithCustomerLiabilityCurrent`	$888.06K	USD	Point-in-time
Operating lease liabilities current	`OperatingLeaseLiabilityCurrent`	$242.30K	USD	Point-in-time
Operating lease liabilities current	`OperatingLeaseLiabilityCurrent`	$195.18K	USD	Point-in-time
Note payable current	`NotesPayableCurrent`	$913.06K	USD	Point-in-time
Note payable current	`NotesPayableCurrent`	-	USD	Point-in-time
Income taxes payable	`TaxesPayableCurrent`	-	USD	Point-in-time
Income taxes payable	`TaxesPayableCurrent`	$5.43K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$3.99M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$3.92M	USD	Point-in-time
Contract liabilities long-term	`ContractWithCustomerLiabilityNoncurrent`	$140.26K	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`	$459.67K	USD	Point-in-time
Accrued royalties long-term	`AccruedRoyaltiesCurrentAndNoncurrent`	$360.00K	USD	Point-in-time
Accrued royalties long-term	`AccruedRoyaltiesCurrentAndNoncurrent`	$500.00K	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$1.26M	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$959.93K	USD	Point-in-time
Total liabilities	`Liabilities`	$4.95M	USD	Point-in-time
Total liabilities	`Liabilities`	$5.17M	USD	Point-in-time
Common Stock, par value $.001 per share; 475,000,000 and 190,000,000 shares authorized at December 31, 2021 and 2020, respectively; 136,311,335 and 136,311,335 shares issued and outstanding at December 31, 2021 and 2020, respectively.	`CommonStockValue`	$136.31K	USD	Point-in-time
Common Stock, par value $.001 per share; 475,000,000 and 190,000,000 shares authorized at December 31, 2021 and 2020, respectively; 136,311,335 and 136,311,335 shares issued and outstanding at December 31, 2021 and 2020, respectively.	`CommonStockValue`	$136.31K	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapital`	$127.74M	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapital`	$127.73M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-128.26M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-128.67M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$911.74K	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$4.44M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$1.32M	USD	Point-in-time
Total Liabilities and Stockholders Equity	`LiabilitiesAndStockholdersEquity`	$5.86M	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`	$6.49M	USD	Annual
Total Net Revenues	`Revenues`	$6.27M	USD	Annual
Total Cost of Sales	`CostOfRevenue`	$3.03M	USD	Annual
Total Cost of Sales	`CostOfRevenue`	$3.61M	USD	Annual
Gross Profit	`GrossProfit`	$2.89M	USD	Annual
Gross Profit	`GrossProfit`	$3.24M	USD	Annual
Research and development	`ResearchAndDevelopmentExpense`	$1.13M	USD	Annual
Research and development	`ResearchAndDevelopmentExpense`	$1.18M	USD	Annual
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$4.29M	USD	Annual
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$4.75M	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$43.47K	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$58.85K	USD	Annual
Total Operating Expenses	`OperatingExpenses`	$5.99M	USD	Annual
Total Operating Expenses	`OperatingExpenses`	$5.46M	USD	Annual
Operating Loss	`OperatingIncomeLoss`	$-3.11M	USD	Annual
Operating Loss	`OperatingIncomeLoss`	$-2.22M	USD	Annual
Gain on debt extinguishment	`GainLossOnSaleOfPropertyPlantEquipment`	-	USD	Annual
Gain on debt extinguishment	`GainLossOnSaleOfPropertyPlantEquipment`	$1.84M	USD	Annual
Interest expense, net	`InterestIncomeExpenseNet`	$-21.07K	USD	Annual
Interest expense, net	`InterestIncomeExpenseNet`	$-21.64K	USD	Annual
Total Other Income (Expense)	`NonoperatingIncomeExpense`	$-21.64K	USD	Annual
Total Other Income (Expense)	`NonoperatingIncomeExpense`	$1.82M	USD	Annual
Loss before Provision for Income Taxes	`ProfitLoss`	$-3.13M	USD	Annual
Loss before Provision for Income Taxes	`ProfitLoss`	$-404.90K	USD	Annual
Income Tax Provision	`IncomeTaxExpenseBenefit`	$7.89K	USD	Annual
Income Tax Provision	`IncomeTaxExpenseBenefit`	$22.60K	USD	Annual
Net Loss	`NetIncomeLoss`	$-3.15M	USD	Annual
Net Loss	`NetIncomeLoss`	$-412.79K	USD	Annual
Basic - net loss attributable to common stockholders	`EarningsPerShareBasic`	-	USD	Annual
Basic - net loss attributable to common stockholders	`EarningsPerShareBasic`	$-0.02	USD	Annual
Diluted - net loss attributable to common stockholders	`EarningsPerShareDiluted`	-	USD	Annual
Diluted - net loss attributable to common stockholders	`EarningsPerShareDiluted`	$-0.02	USD	Annual
Weighted Average Common Shares Outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	136.23M	shares	Annual
Weighted Average Common Shares Outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	136.31M	shares	Annual
Weighted Average Common Shares Outstanding - diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	136.23M	shares	Annual
Weighted Average Common Shares Outstanding - diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	136.31M	shares	Annual

Cash Flow Statement 62 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-3.15M	USD	Annual
Net loss	`NetIncomeLoss`	$-412.79K	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`	-	USD	Annual
Stock issued to directors as compensation	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$18.00K	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$43.47K	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$58.85K	USD	Annual
Noncash operating lease expense	`OtherNoncashExpense`	$230.94K	USD	Annual
Noncash operating lease expense	`OtherNoncashExpense`	$229.55K	USD	Annual
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$28.02K	USD	Annual
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	-	USD	Annual
Gain on debt extinguishment	`ExtinguishmentOfDebtGainLossNetOfTax`	-	USD	Annual
Gain on debt extinguishment	`ExtinguishmentOfDebtGainLossNetOfTax`	$1.84M	USD	Annual
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$145.38K	USD	Annual
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$-1.42M	USD	Annual
Inventories, net	`IncreaseDecreaseInInventories`	$-562.70K	USD	Annual
Inventories, net	`IncreaseDecreaseInInventories`	$15.19K	USD	Annual
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-108.89K	USD	Annual
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$592.36K	USD	Annual
Deposits	`IncreaseDecreaseInOtherOperatingLiabilities`	$10.13K	USD	Annual
Deposits	`IncreaseDecreaseInOtherOperatingLiabilities`	$-595.00	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$-222.55K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$822.53K	USD	Annual
Accrued royalties long-term	`IncreaseDecreaseInRoyaltiesPayable`	$-140.00K	USD	Annual
Accrued royalties long-term	`IncreaseDecreaseInRoyaltiesPayable`	$500.00K	USD	Annual
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$166.06K	USD	Annual
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$35.49K	USD	Annual
Contract liabilities	`IncreaseDecreaseInContractWithCustomerLiability`	$288.18K	USD	Annual
Contract liabilities	`IncreaseDecreaseInContractWithCustomerLiability`	$-111.14K	USD	Annual
Contract assets	`IncreaseDecreaseInContractWithCustomerAsset`	$-83.13K	USD	Annual
Contract assets	`IncreaseDecreaseInContractWithCustomerAsset`	$161.03K	USD	Annual
Operating lease liabilities	`IncreaseDecreaseInOperatingLeaseLiability`	$-242.31K	USD	Annual
Operating lease liabilities	`IncreaseDecreaseInOperatingLeaseLiability`	$-223.84K	USD	Annual
Accrued income tax payable	`IncreaseDecreaseInAccruedTaxesPayable`	-	USD	Annual
Accrued income tax payable	`IncreaseDecreaseInAccruedTaxesPayable`	$5.43K	USD	Annual
Income taxes receivable	`IncreaseDecreaseInIncomeTaxesReceivable`	$-105.75K	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`	$-1.70M	USD	Annual
Proceeds from note payable	`ProceedsFromNotesPayable`	$913.06K	USD	Annual
Proceeds from note payable	`ProceedsFromNotesPayable`	$913.06K	USD	Annual
Proceeds from line of credit	`ProceedsFromLinesOfCredit`	$6.76M	USD	Annual
Proceeds from line of credit	`ProceedsFromLinesOfCredit`	$5.83M	USD	Annual
Payments on line of credit	`RepaymentsOfLinesOfCredit`	$6.19M	USD	Annual
Payments on line of credit	`RepaymentsOfLinesOfCredit`	$6.63M	USD	Annual
Net Cash Provided By Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$556.00K	USD	Annual
Net Cash Provided By Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$1.05M	USD	Annual
Net decrease in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-650.75K	USD	Annual
Net decrease in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-288.79K	USD	Annual
Cash and cash equivalents at the beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$3.01M	USD	Point-in-time
Cash and cash equivalents at the beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.36M	USD	Point-in-time
Cash and cash equivalents at the beginning 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 and cash equivalents at the end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.36M	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`	$22.89K	USD	Annual
Cash paid during the year for interest	`InterestPaidNet`	$29.08K	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`	$-104.46K	USD	Annual
Issuance of stock to directors	`StockIssued1`	-	USD	Annual
Issuance of stock to directors	`StockIssued1`	$18.00K	USD	Annual

Stockholders Equity 11 line items

Line Item	Tag	Value	Unit	Period
Beginning balance, value	`StockholdersEquity`	$911.74K	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$4.44M	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$1.32M	USD	Point-in-time
Shares issued to directors	`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	`NetIncomeLoss`	$-3.15M	USD	Annual
Net loss attributable to common stockholders	`NetIncomeLoss`	$-412.79K	USD	Annual
Ending balance, value	`StockholdersEquity`	$911.74K	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$4.44M	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$1.32M	USD	Point-in-time

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