Company: TOMZ
Filing Date: 2025-04-14
Form Type: 10-K
Source: 0001654954-25-004233
Chunk: 952

Company: TOMI Environmental Solutions, Inc.
Filing Date: 2025-04-14
Form: 10-K
Item: Item 4
Chunk 952
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 respectively. For the years ended December 31, 2024 and 2023, amortization of tenant improvement allowance was $39,194 and was recorded as lease expense and included within general and administrative expense on the consolidated statement of operations.

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 the related patents. The trademarks have an indefinite life. Amortization expense was $26,308 and $21,121 for the years ended December 31, 2024 and 2023, respectively. Definite life intangible assets consist of the following:  December 31, 2024  December 31, 2023 Intellectual Property and Patents  $3,350,031  $3,196,396 Less: Accumulated Amortization   2,930,321   2,904,013 Patents, net $419,710  $292,383  Indefinite life intangible assets consist of the following: Trademarks  830,864   830,863  Total Intangible Assets, net $1,250,574  $1,123,246  Approximate future amortization is as follows (rounded to nearest thousandth): Year Ended: Amount     December 31, 2025 $20,000 December 31, 2026  20,000 December 31, 2027  20,000 December 31, 2028  20,000 December 31, 2029  20,000 Thereafter  320,000 Total $420,000 

 F-18Table of Contents

NOTE 7. LEASES In April 2018, we entered into a 10-year lease agreement for a new 9,000-square-foot facility that contains office, warehouse, lab and research and development space in Frederick, Maryland. The lease agreement commenced in December 2018 when the property was ready for occupancy. The agreement provided for annual rent of $143,460, an escalation clause that increases the rent 3% year over year, a landlord tenant improvement allowance of $405,000 and additional landlord work as discussed in the lease agreement. We took occupancy of the property on December 17, 2018