10-Q Filing

TELKONET INC CIK: 1094084 Q1 2022

Filing Information

Form Type	10-Q
Accession Number	`0001683168-22-003611`
Period End Date	20220331
Filing Date	20220516
Fiscal Year	2022
Fiscal Period	Q1
XBRL Instance	telkonet_i10q-033122_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 70 Income Statement 36 Cash Flow Statement 50 Stockholders Equity 15

Balance Sheet 70 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.88M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.36M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$1.97M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$1.01M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Inventories, net	`InventoryNet`	$825.56K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Inventories, net	`InventoryNet`	$1.07M	USD	Point-in-time
Contract assets	`ContractWithCustomerAssetNet`	$128.87K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	475.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	475.00M	shares	Point-in-time
Contract assets	`ContractWithCustomerAssetNet`	$266.01K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	299.21M	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$464.17K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$735.09K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	136.31M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$5.20M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$9.51M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	136.31M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	299.21M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$74.75K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$84.20K	USD	Point-in-time
Deposits	`DepositsAssets`	$7.59K	USD	Point-in-time
Deposits	`DepositsAssets`	$7.59K	USD	Point-in-time
Operating lease right of use assets	`OperatingLeaseRightOfUseAsset`	$570.51K	USD	Point-in-time
Operating lease right of use assets	`OperatingLeaseRightOfUseAsset`	$536.11K	USD	Point-in-time
Total other assets	`OtherAssetsNoncurrent`	$578.11K	USD	Point-in-time
Total other assets	`OtherAssetsNoncurrent`	$543.71K	USD	Point-in-time
Total Assets	`Assets`	$10.13M	USD	Point-in-time
Total Assets	`Assets`	$5.86M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.62M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.87M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$817.51K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$718.72K	USD	Point-in-time
Line of credit	`LinesOfCreditCurrent`	$436.14K	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`	$815.48K	USD	Point-in-time
Operating lease liabilities current	`OperatingLeaseLiabilityCurrent`	$195.18K	USD	Point-in-time
Operating lease liabilities current	`OperatingLeaseLiabilityCurrent`	$242.30K	USD	Point-in-time
Operating lease liabilities current	`OperatingLeaseLiabilityCurrent`	$145.41K	USD	Point-in-time
Income taxes payable	`TaxesPayableCurrent`	$5.43K	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`	$3.84M	USD	Point-in-time
Contract liabilities long-term	`ContractWithCustomerLiabilityNoncurrent`	$140.26K	USD	Point-in-time
Contract liabilities long-term	`ContractWithCustomerLiabilityNoncurrent`	$125.62K	USD	Point-in-time
Operating lease liabilities long-term	`OperatingLeaseLiabilityNoncurrent`	$592.34K	USD	Point-in-time
Operating lease liabilities long-term	`OperatingLeaseLiabilityNoncurrent`	$470.59K	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`	$325.00K	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$921.22K	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$959.93K	USD	Point-in-time
Total liabilities	`Liabilities`	$4.76M	USD	Point-in-time
Total liabilities	`Liabilities`	$4.95M	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; 475,000,000 shares authorized; 299,212,282 and 136,311,335 shares issued and outstanding at March 31, 2022 and December 31, 2021, respectively.	`CommonStockValue`	$136.31K	USD	Point-in-time
Common Stock, par value $.001 per share; 475,000,000 shares authorized; 299,212,282 and 136,311,335 shares issued and outstanding at March 31, 2022 and December 31, 2021, respectively.	`CommonStockValue`	$299.21K	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapital`	$127.74M	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapital`	$132.58M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-128.67M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-129.19M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$911.74K	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 stockholders equity	`StockholdersEquity`	$5.37M	USD	Point-in-time
Total Liabilities and Stockholders Equity	`LiabilitiesAndStockholdersEquity`	$10.13M	USD	Point-in-time
Total Liabilities and Stockholders Equity	`LiabilitiesAndStockholdersEquity`	$5.86M	USD	Point-in-time

Income Statement 36 line items

Line Item	Tag	Value	Unit	Period
Total Net Revenue	`Revenues`	$2.15M	USD	1 Quarter
Total Net Revenue	`Revenues`	$1.29M	USD	1 Quarter
Total Cost of Sales	`CostOfRevenue`	$1.16M	USD	1 Quarter
Total Cost of Sales	`CostOfRevenue`	$588.71K	USD	1 Quarter
Gross Profit	`GrossProfit`	$986.03K	USD	1 Quarter
Gross Profit	`GrossProfit`	$705.50K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$269.24K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$311.45K	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$1.21M	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`	$9.45K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$1.49M	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$1.54M	USD	1 Quarter
Operating Loss	`OperatingIncomeLoss`	$-830.30K	USD	1 Quarter
Operating Loss	`OperatingIncomeLoss`	$-505.47K	USD	1 Quarter
Gain / (Loss) on debt extinguishment	`GainsLossesOnExtinguishmentOfDebt`	$920.67K	USD	1 Quarter
Gain / (Loss) on debt extinguishment	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-7.87K	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-12.36K	USD	1 Quarter
Total Other Income (Expenses)	`NonoperatingIncomeExpense`	$-12.36K	USD	1 Quarter
Total Other Income (Expenses)	`NonoperatingIncomeExpense`	$912.80K	USD	1 Quarter
Income (Loss) before Provision for Income Taxes	`ProfitLoss`	$-517.83K	USD	1 Quarter
Income (Loss) before Provision for Income Taxes	`ProfitLoss`	$82.50K	USD	1 Quarter
Income Taxes Provision (Benefit)	`IncomeTaxExpenseBenefit`	$-235.00	USD	1 Quarter
Income Taxes Provision (Benefit)	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$-517.83K	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$82.74K	USD	1 Quarter
Basic Net Income (Loss) Attributable to Common Stockholders	`EarningsPerShareBasic`	-	USD	1 Quarter
Basic Net Income (Loss) Attributable to Common Stockholders	`EarningsPerShareBasic`	-	USD	1 Quarter
Diluted Net Income (Loss) Attributable to Common Stockholders	`EarningsPerShareDiluted`	-	USD	1 Quarter
Diluted Net Income (Loss) Attributable to Common Stockholders	`EarningsPerShareDiluted`	-	USD	1 Quarter
Weighted Average Common Shares Outstanding used in Computing Basic Net Income/Loss Per Share	`WeightedAverageNumberOfSharesOutstandingBasic`	286.54M	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`	136.31M	shares	1 Quarter
Weighted Average Common Shares Outstanding used in Computing Diluted Net Income/Loss Per Share	`WeightedAverageNumberOfDilutedSharesOutstanding`	286.54M	shares	1 Quarter

Cash Flow Statement 50 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$-517.83K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$82.74K	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
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$13.24K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$9.45K	USD	1 Quarter
Noncash operating lease expense	`OtherNoncashExpense`	$57.39K	USD	1 Quarter
Noncash operating lease expense	`OtherNoncashExpense`	$34.40K	USD	1 Quarter
Gain on debt extinguishment	`ExtinguishmentOfDebtGainLossNetOfTax`	-	USD	1 Quarter
Gain on debt extinguishment	`ExtinguishmentOfDebtGainLossNetOfTax`	$920.67K	USD	1 Quarter
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$142.38K	USD	1 Quarter
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$954.69K	USD	1 Quarter
Inventories, net	`IncreaseDecreaseInInventories`	$-223.48K	USD	1 Quarter
Inventories, net	`IncreaseDecreaseInInventories`	$249.39K	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-397.86K	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$40.95K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$-271.85K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$-268.34K	USD	1 Quarter
Accrued royalties long-term	`IncreaseDecreaseInRoyaltiesPayable`	$-35.00K	USD	1 Quarter
Accrued royalties long-term	`IncreaseDecreaseInRoyaltiesPayable`	$-35.00K	USD	1 Quarter
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$234.29K	USD	1 Quarter
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$98.79K	USD	1 Quarter
Contract liabilities	`IncreaseDecreaseInContractWithCustomerLiability`	$-128.00	USD	1 Quarter
Contract liabilities	`IncreaseDecreaseInContractWithCustomerLiability`	$108.58K	USD	1 Quarter
Contract assets	`IncreaseDecreaseInContractWithCustomerAsset`	$-10.21K	USD	1 Quarter
Contract assets	`IncreaseDecreaseInContractWithCustomerAsset`	$-89.52K	USD	1 Quarter
Operating lease liabilities	`IncreaseDecreaseInOperatingLeaseLiability`	$-38.84K	USD	1 Quarter
Operating lease liabilities	`IncreaseDecreaseInOperatingLeaseLiability`	$-57.66K	USD	1 Quarter
Net Cash Used In Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.52M	USD	1 Quarter
Net Cash Used In Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-653.95K	USD	1 Quarter
Proceeds from stock and warrants issued in VDA Transaction	`ProceedsFromIssuanceOrSaleOfEquity`	-	USD	1 Quarter
Proceeds from stock and warrants issued in VDA Transaction	`ProceedsFromIssuanceOrSaleOfEquity`	$5.00M	USD	1 Quarter
Proceeds from line of credit	`ProceedsFromLinesOfCredit`	$1.68M	USD	1 Quarter
Proceeds from line of credit	`ProceedsFromLinesOfCredit`	$1.36M	USD	1 Quarter
Payments on line of credit	`RepaymentsOfLinesOfCredit`	$1.33M	USD	1 Quarter
Payments on line of credit	`RepaymentsOfLinesOfCredit`	$1.36M	USD	1 Quarter
Net Cash Provided By (Used In) Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$320.52K	USD	1 Quarter
Net Cash Provided By (Used In) Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$5.03M	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$3.52M	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-333.43K	USD	1 Quarter
Cash, cash equivalents at the beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$3.01M	USD	Point-in-time
Cash, cash equivalents at the beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.68M	USD	Point-in-time
Cash, cash equivalents at the beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$5.88M	USD	Point-in-time
Cash, cash equivalents at the beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.36M	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`	$2.68M	USD	Point-in-time
Cash and cash equivalents at the end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$5.88M	USD	Point-in-time
Cash and cash equivalents at the end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.36M	USD	Point-in-time
Cash paid during the period for interest	`InterestPaidNet`	$5.02K	USD	1 Quarter
Cash paid during the period for interest	`InterestPaidNet`	$5.88K	USD	1 Quarter

Stockholders Equity 15 line items

Line Item	Tag	Value	Unit	Period
Beginning balance, value	`StockholdersEquity`	$911.74K	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$1.40M	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$1.32M	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$5.37M	USD	Point-in-time
Stock and warrants issued in VDA Transaction	`StockAndWarrantsIssuedInVdaTransactionValue`	$5.00M	USD	1 Quarter
Shares issued to directors	`StockIssuedDuringPeriodValueNewIssues`	-	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 profit / (loss) attributable to common stockholders	`NetIncomeLoss`	$-517.83K	USD	1 Quarter
Net profit / (loss) attributable to common stockholders	`NetIncomeLoss`	$82.74K	USD	1 Quarter
Repurchase of Series A Preferred Stock Shares	`StockRepurchasedAndRetiredDuringPeriodValue`	$-29.80K	USD	1 Quarter
Ending balance, value	`StockholdersEquity`	$911.74K	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$1.40M	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$1.32M	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$5.37M	USD	Point-in-time

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