10-K Filing

TELKONET INC CIK: 1094084 FY 2022

Filing Information

Form Type	10-K
Accession Number	`0001683168-23-002039`
Period End Date	20221231
Filing Date	20230331
Fiscal Year	2022
Fiscal Period	FY
XBRL Instance	telkonet_i10k-123122_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 65 Income Statement 38 Cash Flow Statement 68 Stockholders Equity 11

Balance Sheet 65 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.36M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.24M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$1.01M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$1.96M	USD	Point-in-time
Inventories, net	`InventoryNet`	$1.31M	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
Contract assets	`ContractWithCustomerAssetNet`	$94.84K	USD	Point-in-time
Contract assets	`ContractWithCustomerAssetNet`	$266.01K	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
Common stock, shares issued	`CommonStockSharesIssued`	299.21M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	136.31M	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$735.09K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$702.50K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$7.31M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$5.20M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	299.21M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	136.31M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$126.10K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$84.20K	USD	Point-in-time
Deposits	`DepositsAssets`	$4.59K	USD	Point-in-time
Deposits	`DepositsAssets`	$7.59K	USD	Point-in-time
Operating lease right of use assets	`OperatingLeaseRightOfUseAsset`	$442.90K	USD	Point-in-time
Operating lease right of use assets	`OperatingLeaseRightOfUseAsset`	$570.51K	USD	Point-in-time
Total other assets	`OtherAssetsNoncurrent`	$447.50K	USD	Point-in-time
Total other assets	`OtherAssetsNoncurrent`	$578.11K	USD	Point-in-time
Total Assets	`Assets`	$5.86M	USD	Point-in-time
Total Assets	`Assets`	$7.88M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.15M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.87M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$702.58K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$718.72K	USD	Point-in-time
Line of credit	`LinesOfCreditCurrent`	-	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`	$650.34K	USD	Point-in-time
Lease Liabilities - current	`OperatingLeaseLiabilityCurrent`	$157.33K	USD	Point-in-time
Lease Liabilities - current	`OperatingLeaseLiabilityCurrent`	$195.18K	USD	Point-in-time
Income taxes payable	`TaxesPayableCurrent`	$5.43K	USD	Point-in-time
Income taxes payable	`TaxesPayableCurrent`	$6.30K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$3.99M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.66M	USD	Point-in-time
Lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$350.69K	USD	Point-in-time
Lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$459.67K	USD	Point-in-time
Contract liabilities - long term	`ContractWithCustomerLiabilityNoncurrent`	$140.26K	USD	Point-in-time
Contract liabilities - long term	`ContractWithCustomerLiabilityNoncurrent`	$49.21K	USD	Point-in-time
Accrued royalties - long-term	`AccruedRoyaltiesCurrentAndNoncurrent`	$360.00K	USD	Point-in-time
Accrued royalties - long-term	`AccruedRoyaltiesCurrentAndNoncurrent`	$220.00K	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$959.93K	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$619.91K	USD	Point-in-time
Total liabilities	`Liabilities`	$3.28M	USD	Point-in-time
Total liabilities	`Liabilities`	$4.95M	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 December 31, 2022 and December 31, 2021, respectively.	`CommonStockValue`	$299.21K	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 December 31, 2022 and December 31, 2021, respectively.	`CommonStockValue`	$136.31K	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapital`	$132.58M	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapital`	$127.74M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-128.67M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-129.95M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$1.32M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$911.74K	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$4.60M	USD	Point-in-time
Total Liabilities and Stockholders Equity	`LiabilitiesAndStockholdersEquity`	$7.88M	USD	Point-in-time
Total Liabilities and Stockholders Equity	`LiabilitiesAndStockholdersEquity`	$5.86M	USD	Point-in-time

Income Statement 38 line items

Line Item	Tag	Value	Unit	Period
Total Net Revenues	`Revenues`	$6.27M	USD	Annual
Total Net Revenues	`Revenues`	$8.45M	USD	Annual
Total Cost of Sales	`CostOfRevenue`	$3.03M	USD	Annual
Total Cost of Sales	`CostOfRevenue`	$4.25M	USD	Annual
Gross Profit	`GrossProfit`	$4.20M	USD	Annual
Gross Profit	`GrossProfit`	$3.24M	USD	Annual
Research and development	`ResearchAndDevelopmentExpense`	$1.13M	USD	Annual
Research and development	`ResearchAndDevelopmentExpense`	$1.07M	USD	Annual
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$4.29M	USD	Annual
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$4.33M	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$43.83K	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$43.47K	USD	Annual
Total Operating Expenses	`OperatingExpenses`	$5.45M	USD	Annual
Total Operating Expenses	`OperatingExpenses`	$5.46M	USD	Annual
Operating (Loss)	`OperatingIncomeLoss`	$-1.25M	USD	Annual
Operating (Loss)	`OperatingIncomeLoss`	$-2.22M	USD	Annual
Gain on Debt Extinguishment	`GainLossOnSaleOfPropertyPlantEquipment`	$1.84M	USD	Annual
Gain on Debt Extinguishment	`GainLossOnSaleOfPropertyPlantEquipment`	-	USD	Annual
(Loss) on Fixed Assets Disposal	`GainLossOnDispositionOfIntangibleAssets`	-	USD	Annual
(Loss) on Fixed Assets Disposal	`GainLossOnDispositionOfIntangibleAssets`	$-526.00	USD	Annual
Interest expense, net	`InterestIncomeExpenseNet`	$-21.07K	USD	Annual
Interest expense, net	`InterestIncomeExpenseNet`	$-23.54K	USD	Annual
Total Other Income / (Expenses):	`NonoperatingIncomeExpense`	$1.82M	USD	Annual
Total Other Income / (Expenses):	`NonoperatingIncomeExpense`	$-24.07K	USD	Annual
(Loss) before Provision for Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-1.27M	USD	Annual
(Loss) before Provision for Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-404.90K	USD	Annual
Income Tax Provision	`IncomeTaxExpenseBenefit`	$15.04K	USD	Annual
Income Tax Provision	`IncomeTaxExpenseBenefit`	$7.89K	USD	Annual
Net (Loss)	`NetIncomeLoss`	$-1.29M	USD	Annual
Net (Loss)	`NetIncomeLoss`	$-412.79K	USD	Annual
Basic net income (loss) attributable to common stockholders	`EarningsPerShareBasic`	-	USD	Annual
Basic net income (loss) attributable to common stockholders	`EarningsPerShareBasic`	-	USD	Annual
Diluted net income (loss) attributable to common stockholders	`EarningsPerShareDiluted`	-	USD	Annual
Diluted net income (loss) attributable to common stockholders	`EarningsPerShareDiluted`	-	USD	Annual
Weighted Average Common Shares Outstanding basic	`WeightedAverageNumberOfSharesOutstandingBasic`	136.31M	shares	Annual
Weighted Average Common Shares Outstanding basic	`WeightedAverageNumberOfSharesOutstandingBasic`	296.50M	shares	Annual
Weighted Average Common Shares Outstanding diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	296.50M	shares	Annual
Weighted Average Common Shares Outstanding diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	136.31M	shares	Annual

Cash Flow Statement 68 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-1.29M	USD	Annual
Net loss	`NetIncomeLoss`	$-412.79K	USD	Annual
Stock-based compensation expense related to employee stock options	`ShareBasedCompensation`	-	USD	Annual
Stock-based compensation expense related to employee stock options	`ShareBasedCompensation`	$7.26K	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$43.83K	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$43.47K	USD	Annual
Loss on fixed asset disposal	`DisposalGroupNotDiscontinuedOperationGainLossOnDisposal`	-	USD	Annual
Loss on fixed asset disposal	`DisposalGroupNotDiscontinuedOperationGainLossOnDisposal`	$-526.00	USD	Annual
Noncash operating lease expense (ROU)	`OtherNoncashExpense`	$127.61K	USD	Annual
Noncash operating lease expense (ROU)	`OtherNoncashExpense`	$229.55K	USD	Annual
Gain on debt extinguishment	`ExtinguishmentOfDebtGainLossNetOfTax`	-	USD	Annual
Gain on debt extinguishment	`ExtinguishmentOfDebtGainLossNetOfTax`	$1.84M	USD	Annual
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$947.55K	USD	Annual
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$145.38K	USD	Annual
Inventories, net	`IncreaseDecreaseInInventories`	$-562.70K	USD	Annual
Inventories, net	`IncreaseDecreaseInInventories`	$480.63K	USD	Annual
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-32.59K	USD	Annual
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$592.36K	USD	Annual
Deposits	`IncreaseDecreaseInOtherOperatingLiabilities`	$3.00K	USD	Annual
Deposits	`IncreaseDecreaseInOtherOperatingLiabilities`	$-595.00	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$822.53K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$-719.88K	USD	Annual
Accrued royalties - long-term	`IncreaseDecreaseInRoyaltiesPayable`	$-140.00K	USD	Annual
Accrued royalties - long-term	`IncreaseDecreaseInRoyaltiesPayable`	$-140.00K	USD	Annual
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-16.14K	USD	Annual
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$166.06K	USD	Annual
Contract liabilities	`IncreaseDecreaseInContractWithCustomerLiability`	$-241.68K	USD	Annual
Contract liabilities	`IncreaseDecreaseInContractWithCustomerLiability`	$-111.14K	USD	Annual
Contract assets	`IncreaseDecreaseInContractWithCustomerAsset`	$161.03K	USD	Annual
Contract assets	`IncreaseDecreaseInContractWithCustomerAsset`	$-171.17K	USD	Annual
Operating lease liabilities	`IncreaseDecreaseInOperatingLeaseLiability`	$-146.82K	USD	Annual
Operating lease liabilities	`IncreaseDecreaseInOperatingLeaseLiability`	$-242.31K	USD	Annual
Accrued income tax payable	`IncreaseDecreaseInAccruedTaxesPayable`	$866.00	USD	Annual
Accrued income tax payable	`IncreaseDecreaseInAccruedTaxesPayable`	$5.43K	USD	Annual
Income taxes receivable	`IncreaseDecreaseInIncomeTaxesReceivable`	-	USD	Annual
Income taxes receivable	`IncreaseDecreaseInIncomeTaxesReceivable`	$-105.75K	USD	Annual
Net Cash Used In Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.70M	USD	Annual
Net Cash Used In Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-3.60M	USD	Annual
Payments for Property & Equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$87.55K	USD	Annual
Payments for Property & Equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	-	USD	Annual
Proceeds from sale of fixed assets	`ProceedsFromSaleOfPropertyPlantAndEquipment`	-	USD	Annual
Proceeds from sale of fixed assets	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$1.30K	USD	Annual
Net Cash Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-86.25K	USD	Annual
Net Cash Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	Annual
Proceeds from Note Payable	`ProceedsFromNotesPayable`	$913.06K	USD	Annual
Proceeds from Note Payable	`ProceedsFromNotesPayable`	-	USD	Annual
Proceeds from stock and warrants issued in VDA Transaction	`ProceedsFromIssuanceOrSaleOfEquity`	-	USD	Annual
Proceeds from stock and warrants issued in VDA Transaction	`ProceedsFromIssuanceOrSaleOfEquity`	$5.00M	USD	Annual
Repurchase of employee-owned Series A shares	`PaymentsForRepurchaseOfOtherEquity`	-	USD	Annual
Repurchase of employee-owned Series A shares	`PaymentsForRepurchaseOfOtherEquity`	$29.80K	USD	Annual
Proceeds from line of credit	`ProceedsFromLinesOfCredit`	$6.76M	USD	Annual
Proceeds from line of credit	`ProceedsFromLinesOfCredit`	$4.43M	USD	Annual
Payments on line of credit	`RepaymentsOfLinesOfCredit`	$6.63M	USD	Annual
Payments on line of credit	`RepaymentsOfLinesOfCredit`	$4.84M	USD	Annual
Net Cash Provided By Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$4.57M	USD	Annual
Net Cash Provided By Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$1.05M	USD	Annual
Net increase/(decrease) in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-650.75K	USD	Annual
Net increase/(decrease) in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$882.53K	USD	Annual
Cash and cash equivalents at the beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$3.24M	USD	Point-in-time
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 end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$3.24M	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 paid during the period for interest	`InterestPaidNet`	$23.54K	USD	Annual
Cash paid during the period for interest	`InterestPaidNet`	$22.89K	USD	Annual
Cash paid (received) during the year from income taxes, net of refunds	`IncomeTaxesPaidNet`	$-104.46K	USD	Annual
Cash paid (received) during the year from income taxes, net of refunds	`IncomeTaxesPaidNet`	-	USD	Annual

Stockholders Equity 11 line items

Line Item	Tag	Value	Unit	Period
Beginning balance, value	`StockholdersEquity`	$1.32M	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$911.74K	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$4.60M	USD	Point-in-time
Stock and warrants issued in VDA Transaction	`StockAndWarrantsIssuedInVdaTransaction`	$5.00M	USD	Annual
Shares repurchased per severance agreement	`StockRepurchasedAndRetiredDuringPeriodValue`	$29.80K	USD	Annual
Stock-based compensation expense related to employee stock options	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition`	$7.26K	USD	Annual
Net loss attributable to common stockholders	`NetIncomeLoss`	$-1.29M	USD	Annual
Net loss attributable to common stockholders	`NetIncomeLoss`	$-412.79K	USD	Annual
Ending balance, value	`StockholdersEquity`	$1.32M	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$911.74K	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$4.60M	USD	Point-in-time

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