Company: TOMZ
Filing Date: 2025-04-14
Form Type: 10-K
Source: 0001654954-25-004233
Chunk: 1278

Company: TOMI Environmental Solutions, Inc.
Filing Date: 2025-04-14
Form: 10-K
Item: Item 7A
Chunk 1278
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 lease payments. Lease expense for operating lease payments is recognized on a straight-line basis over the lease term. The balances for our operating lease where we are the lessee are presented as follows within our consolidated balance sheet: Operating leases: December 31,2024  December 31,2023  Assets:      Operating lease right-of-use asset $399,254  $467,935 Liabilities:        Current Portion of Long-Term Operating Lease $129,132  $115,658 Long-Term Operating Lease, Net of Current Portion  513,395   642,527 Total $642,527  $758,185  The components of lease expense are as follows within our consolidated statement of operations:   For the Year Ended December 31, 2024  For the Year Ended December 31, 2023        Operating lease expense $157,315  $157,315  Other information related to leases where we are the lessee is as follows:   December 31,2024  December 31,2023  Weighted-average remaining lease term:      Operating leases 4.00 years  5.00 years        Discount rate:      Operating leases  7.00%  7.00% Supplemental cash flow information related to leases where we are the lessee is as follows:   For the Year Ended December 31, 2024  For the Year Ended December 31, 2023 Cash paid for amounts included in the measurement of lease liabilities: $165,098  $160,290  As of December 31, 2024, the maturities of our operating lease liability are as follows: Year Ended: Operating Lease December 31, 2025 $170,051 December 31, 2026  175,153 December 31, 2027  180,408 December 31, 2028  185,819 December 31, 2029  33,752 Thereafter  - Total minimum lease payments  745,183 Less: Interest  102,656 Present value of lease obligations  642,527 Less: Current portion  129,132 Long-term portion of lease obligations $513,395