Company: TOMZ
Filing Date: 2025-09-30
Form Type: ARS
Source: 0001654954-25-011264
Chunk: 117

Company: TOMI Environmental Solutions, Inc.
Filing Date: 2025-09-30
Form: ARS
Chunk 117
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 |            |   |
|               |     |               2024 |            |   |     |         2023 |            |   |
| United States |     |                  $ | (4,476,762 | ) |     |            $ | (3,402,592 | ) |
| Foreign       |     |                    | -          |   |     |              | -          |   |
| Total         |     |                  $ | (4,476,762 | ) |     |            $ | (3,402,592 | ) |

Our income tax expense differed from the amounts computed by applying the United States statutory corporate income tax rate for the following reasons:

On December 22, 2017, the 2017 Tax Cuts and Jobs Act (“Tax Act”) was enacted into law making significant changes to the Internal Revenue Code. Changes include, but are not limited to, a federal corporate tax rate decrease from 35% to 21% for tax years beginning after December 31, 2017, the transition of U.S. international taxation from a worldwide tax system to a territorial system and a one-time transition tax on the mandatory deemed repatriation of foreign earnings. We are required to recognize the effect of the tax law changes in the period of enactment, such as re-measuring our U.S. deferred tax assets and liabilities as well as reassessing the net realizability of our deferred tax assets and liabilities. The Tax Act did not give rise to any material impact on the consolidated balance sheets and consolidated statements of operations due to our historical loss position and the full valuation allowance on our net U.S. deferred tax assets.

| F-24 |

The reconciliation of taxes at the federal and state statutory rate to our provision for income taxes for the years ended December 31, 2024 and 2023 was as follows:

|                                                                       |     | For the Year Ended |            |   |     |              |            |   |
|:----------------------------------------------------------------------|:----|-------------------:|-----------:|:--|:----|-------------:|-----------:|:--|
|                                                                       |     |       December 31, |            |   |     | December 31, |            |   |
|                                                                       |     |               2024 |            |   |     |         2023 |            |   |
| Income (Loss) before income tax                                       |     |                  $ | (4,476,762 | ) |     |            $ | (3