Company: TOMZ
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001654954-25-013088
Chunk: 48

Company: TOMI Environmental Solutions, Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 1
Chunk 48
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 and administrative expenses were $3,266,000 and $3,181,000 for the nine months ended September 30, 2025 and 2024, respectively, an increase of $85,000, or 3% in the current period. The increase was primarily attributable to an increase in credit loss expense offset by various reductions due to cost-cutting initiatives implemented during the current year.

Other Income and Expense

  For the three months     For the nine months      ended     ended      September 30,   Change   September 30,   Change    2025  2024  $  2025  2024  $ Other Income  $-  $-  $-  $535,000  $-  $535,000 Interest Income   1,000   3,000   (2,000)  86,000   15,000   71,000 Interest Expense  (130,000)  (94,000)  (36,000)  (356,000)  (280,000)  (76,000)Other Income (Expense) $(129,000) $(91,000) $(38,000) $265,000  $(265,000) $530,000 

Other income was approximately $535,000 and $0 for the nine months ended September 30, 2025, and 2024.  Other income consisted of employee retention tax credits received in the current year period. 

Interest income was approximately $1,000 and $3,000 for the three months ended September 30, 2025, and 2024, respectively. Interest income was approximately $86,000 and $15,000 for 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