Company: TOMZ
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001654954-25-013088
Chunk: 78

Company: TOMI Environmental Solutions, Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 2
Chunk 78
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 the nine months ended September 30, 2025, and 2024.  The increase for the nine months was due to interest income in connection with the employee retention tax credits received in the current year period.

Interest expense was $130,000 and $94,000 for the three months ended September 30, 2025, and 2024, respectively.  Interest expense was $356,000 and $280,000 for the nine months ended September 30, 2025, and 2024, respectively. The increase in interest expense was due to the issuance of additional convertible notes in the current year periods.  

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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