Company: TOMZ
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001654954-25-005288
Chunk: 48

Company: TOMI Environmental Solutions, Inc.
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 1
Chunk 48
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 need or on terms acceptable to us, if at all.

For the three months ended March 31, 2025 and 2024, we incurred losses from operations of ($754,000) and ($1,226,000), respectively. Cash used in operations for the three months ended March 31, 2025 and 2024 was ($276,000) and ($1,178,000), respectively.

A breakdown of our statement of cash flows for the three months ended March 31, 2025 and 2024 is provided below:

   For The Three Months Ended March 31,     2025  2024 Net Cash (Used) in Operating Activities  (276,000)  (1,178,000)Net Cash (Used) in Investing Activities  -   (95,000)Cash Flow Provided By Financing Activities:  285,000   28,000 

 37Table of Contents

Operating Activities

Cash used in operations for the three months ended March 31, 2025 and 2024 was $276,000 and $1,178,000, respectively. The decrease was attributable to a lower current year loss.

Investing Activities

Cash used in investing activities for the three months ended March 31, 2025 and 2024 was $0 and $95,000, respectively. The decrease was attributable due to the timing of property and equipment purchased in the prior year period.  

Financing Activities

Cash provided by financing activities for three months ended March 31, 2025 and 2024 was $285,000 and $28,000, respectively. The increase is attributable to the proceeds from the issuance of convertible notes in the current year period.

Liquidity

Our revenues can fluctuate due to the following factors, among others:

 ·ramp up and expansion of our internal sales force and manufacturer’s representatives; ·length of our sales cycle; ·global and regional response to the outbreak of infectious diseases; ·expansion into new territories and markets; and ·timing of orders from distributors.

We could incur operating losses and an increase of costs related to the continuation of product and technology development, sales expense as we continue to grow our sales teams, inventory as we continue to ensure we have products needed and geographic presence, tooling capital expenditures as we ramp up and streamline our production and administrative activities including compliance with the Sarbanes-Oxley Act of