$TOMZ

TOMI Environmental Solutions, Inc.

CIK:0000314227|SEC Filings

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)
Sales, net	$ 2,246,909	$ 1,031,115	$ 3,901,136	$ 2,607,673
Cost of sales	861,603	353,991	1,684,054	978,804
Gross profit	1,385,306	677,124	2,217,082	1,628,869
Operating expenses:
Professional fees	342,693	183,874	524,663	403,190
Depreciation and amortization	50,080	69,238	102,948	137,780
Selling expenses	228,025	240,462	425,328	486,868
Research and development	38,052	84,106	94,872	128,686
Consulting fees	176,706	63,098	241,794	142,169
General and administrative	793,892	1,169,035	1,697,885	2,217,330
Total operating expenses	1,629,448	1,809,813	3,087,490	3,516,023
Loss from operations	(244,142)	(1,132,689)	(870,408)	(1,887,154)
Other income (expense):
Other income (Employee Retention Credit)	0	0	0	534,912
Interest income	486	1,421	516	84,311
Interest expense	(138,643)	(106,248)	(323,053)	(225,178)
Total other income (expense)	(138,157)	(104,827)	(322,537)	394,045
Loss before income taxes	(382,299)	(1,237,516)	(1,192,945)	(1,493,109)
Provision for income taxes (Note 13)	0	0	0	0
Net loss	$ (382,299)	$ (1,237,516)	$ (1,192,945)	$ (1,493,109)
Net loss per common share:
Basic	$ (0.05)	$ (0.19)	$ (0.17)	$ (0.22)
Diluted	$ (0.05)	$ (0.19)	$ (0.17)	$ (0.22)
Basic weighted average common shares outstanding	7,596,869	6,682,504	7,204,206	6,677,149
Diluted weighted average common shares outstanding	7,596,869	6,682,504	7,204,206	6,677,149

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)	6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
Cash flows from operating activities:
Net loss	$ (1,192,945)	$ (1,493,109)
Adjustments to reconcile net loss to net cash (used in) operating activities:
Depreciation and amortization	102,948	137,780
Amortization of right of use asset	78,657	78,657
Amortization of deferred financing costs	36,646	34,294
Amortization of sale of future receipts	113,191	0
Equity compensation expense related to RSU's	33,277	0
Director compensation	56,500	51,000
Credit loss expense (benefit)	(144,474)	111,923
Inventory reserve	0	(111,892)
Sales returns allowance	28,777	24,556
Decrease (increase) in:
Accounts receivable	(1,085,255)	787,863
Inventory	114,013	408,237
Vendor deposits	(65,402)	(221,614)
Prepaid expenses	116,131	156,131
Other current assets	(49,113)	0
Other assets	(149,844)	14,108
Increase (decrease) in:
Accounts payable	123,372	(884,675)
Accrued expenses	664,698	254,705
Deferred revenue	7,068	272,303
Lease liability	(86,933)	(83,569)
Net cash (used in) operating activities	(1,298,688)	(463,302)
Cash flows from investing activities:
Capitalized patent and trademark costs	(14,180)	(64,462)
Purchase of property and equipment	(5,327)	(2,665)
Net cash (used in) investing activities	(19,507)	(67,127)
Cash flows from financing activities:
Proceeds from ELOC, net of issuance costs	1,919,744	0
Repayments of sale of future receipts	(367,425)	0
Proceeds from issuance of convertible notes	0	435,000
Net cash provided by financing activities	1,552,319	435,000
Increase (decrease) in cash and cash equivalents	234,124	(95,429)
Cash and cash equivalents, beginning	87,775	664,879
Cash and cash equivalents, ending	321,899	569,450
Supplemental cash flow information:
Cash paid for interest	286,407	201,295
Cash paid (refunded) for income taxes	1,000	0
Non-cash investing and financing activities:
Service equipment reclassified from inventory to fixed assets	$ 0	$ 14,397

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)	Jun. 30, 2026	Dec. 31, 2025
Current assets:
Cash and cash equivalents	$ 321,899	$ 87,775
Accounts receivable, net	1,890,105	689,153
Inventories, net (Note 3)	2,812,414	2,926,427
Vendor deposits (Note 4)	226,999	161,597
Prepaid expenses	229,338	322,114
Other current assets	49,113	0
Total current assets	5,529,868	4,187,066
Property and equipment, net (Note 5)	513,176	614,311
Other assets:
Intangible assets, net (Note 6)	1,349,262	1,351,164
Operating lease - right of use asset (Note 7)	280,026	322,089
Other assets	709,515	559,671
Total other assets	2,338,803	2,232,924
Total assets	8,381,847	7,034,301
Current liabilities:
Accounts payable	1,603,561	1,480,189
Accrued expenses and other current liabilities (Note 12)	1,525,401	860,703
Deferred revenue	431,100	424,032
Sale of future receipts, net of discount of $0 and $113,191 at June 30, 2026 and December 31, 2025, respectively (Note 11)	0	254,234
Current portion of long-term operating lease (Note 7)	151,421	143,672
Total current liabilities	3,711,483	3,162,830
Long-term liabilities:
Long-term operating lease, net of current portion (Note 7)	292,906	370,591
Convertible notes payable, net of discount of $185,978 and $222,624 at June 30, 2026 and December 31, 2025, respectively (Note 8)	2,949,022	2,912,376
Total long-term liabilities	3,241,928	3,282,967
Total liabilities	6,953,411	6,445,797
Commitments and contingencies (Notes 7, 8, 10 and 11)	0	0
Shareholders' equity:
Common stock; par value $0.01 per share, 250,000,000 shares authorized; 8,142,577 and 6,759,157 shares issued and outstanding at June 30, 2026 and December 31, 2025, respectively (retroactively adjusted for the 1-for-3 reverse stock split - Note 9)	81,425	67,591
Additional paid-in capital	60,591,729	58,572,686
Accumulated deficit	(59,244,931)	(58,051,986)
Total shareholders' equity	1,428,436	588,504
Total liabilities and shareholders' equity	8,381,847	7,034,301
Cumulative Convertible Series A Preferred Stock [Member]
Shareholders' equity:
Preferred stock, value	213	213
Cumulative Convertible Series B Preferred Stock [Member]
Shareholders' equity:
Preferred stock, value	$ 0	$ 0