Company: TOMZ
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001654954-25-013088
Chunk: 49

Company: TOMI Environmental Solutions, Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 1
Chunk 49
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 of additional convertible notes in the current year periods.  

 33Table of Contents

Provision for Income Taxes

  For the three months     For the nine months      ended     ended      September 30,   Change   September 30,   Change    2025  2024  $  2025  2024  $ Provision for Income Tax Expense (Benefit)   $-  $-  $-  $-  $-  $- 

Provision for income tax was $0 for the three and nine months ended September 30, 2025 and 2024.

Liquidity and Capital Resources

As of September 30, 2025, we had cash and cash equivalents of approximately $490,000 and working capital of $2,493,000. Our principal capital requirements are to fund operations, invest in research and development and capital equipment, and the continued costs of compliance with public company reporting requirements. We have historically funded our operations through funds generated through operations and debt and equity financing. The sale of additional equity securities could result in dilution to our stockholders. The incurrence of indebtedness would result in increased debt service obligations and may include operating and financial covenants that would restrict our operations. We cannot be certain that any financing will be available in the amounts we need or on terms acceptable to us, if at all.

For the nine months ended September 30, 2025 and 2024, we incurred losses from operations of ($2,209,000) and ($956,000), respectively. Cash used in operations for the nine months ended September 30, 2025 and 2024 was ($577,000) and ($1,453,000), respectively.

A breakdown of our statement of cash flows for the nine months ended September 30, 2025 and 2024 is provided below:

   For the nine months ended September 30,     2025  2024  Net Cash (Used) in Operating Activities   $(577,000) $(1,453,000) Net Cash (Used) in Investing Activities  $(133,000) $(105,000) Net Cash Provided By Financing Activities  $535,000  $28,000 

Operating Activities

Cash used in operations for the nine months ended September