Company: TOMZ
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001654954-25-009631
Chunk: 20

Company: TOMI Environmental Solutions, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 20
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. INVENTORIES Inventories consist of the following at (rounded to the nearest thousandth):   June 30, 2025(Unaudited)  December 31,2024 Finished Goods $4,026,000  $3,800,000 Raw Materials  229,000   878,000 Inventory Reserve  (988,000)  (1,100,000)Total $3,267,000  $3,578,000 

NOTE 4. VENDOR DEPOSITS At June 30, 2025 and December 31, 2024, we maintained vendor deposits of $257,509 and $35,895, respectively, for open purchase orders for inventory.

NOTE 5. PROPERTY AND EQUIPMENT Property and equipment consist of the following at:   June 30, 2025 (Unaudited)  December 31, 2024 Furniture and fixtures $458,652  $458,652 Equipment  2,316,200   2,301,803 Vehicles  66,170   66,170 Computer and software  318,999   316,334 Leasehold improvements  393,381   393,381 Tenant Improvement Allowance  405,000   405,000 Total cost of Property and Equipment  3,958,402   3,941,340 Less: Accumulated Depreciation  3,209,254   3,065,891 Property and Equipment, net $749,148  $875,449  For the three and six months ended June 30, 2025, depreciation was $62,022 and $123,766, respectively. For the three and six months ended June 30, 2024, depreciation was $71,677 and $144,720, respectively. For the three and six months ended June 30, 2025 and 2024, amortization of tenant improvement allowance was $9,798 and $19,597, respectively and was recorded as lease expense and included within general and administrative expense on the consolidated statement of operations.

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NOTE 6. INTANGIBLE ASSETS Intangible assets consist of patents and trademarks related to our Binary Ionization Technology. We amortize the patents over the estimated remaining lives of