Company: TOMZ
Filing Date: 2025-04-14
Form Type: 10-K
Source: 0001654954-25-004233
Chunk: 238

Company: TOMI Environmental Solutions, Inc.
Filing Date: 2025-04-14
Form: 10-K
Item: Item 11
Chunk 238
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000 shares of Common Stock that were valued at approximately $45,000 to members of our Board.

NOTE 13. ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES Accrued expenses and other current liabilities consisted of the following at:   December 31, 2024  December 31, 2023 Commissions $187,151  $200,837 Payroll and related costs   125,773   201,009 Director fees      37,650   37,650 Sales Tax Payable     3,864   5,707 Accrued warranty (Note 14)  30,000   30,000 Other accrued expenses and current liabilities   71,237   200,288 Total  $455,675  $675,491 

 F-23Table of Contents

NOTE 14. ACCRUED WARRANTY Our manufacturers assume the warranty against product defects from date of sale, which we extend to our customers upon sale of the product. We assume responsibility for product reliability and results. The warranty is generally limited to a refund of the original purchase price of the product or a replacement part. We estimate warranty costs based on historical warranty claim experience. The following table presents warranty reserve activities at:   December 31, 2024  December 31, 2023 Beginning accrued warranty costs $30,000  $68,000 Provision for warranty expense  9,707   26,911 Settlement of warranty claims  (9,707)  (64,911)Ending accrued warranty costs $30,000  $30,000 

NOTE 15. INCOME TAXES The Company’s income tax expense (benefit) consisted of:   For the Year Ended   December 31,  December 31,   2024  2023 Current:      Federal $-  $- State  -   - Foreign  -   -    -     Deferred:        Federal  -   - State  -   - Foreign  -   -    -   - Total $-  $- The Company’s net income (loss) before income tax consisted of:   For the Year Ended   December