Company: TOMZ
Filing Date: 2025-04-14
Form Type: 10-K
Source: 0001654954-25-004233
Chunk: 367

Company: TOMI Environmental Solutions, Inc.
Filing Date: 2025-04-14
Form: 10-K
Item: Item 14
Chunk 367
---
.64 $0.80   125,000   9.08   125,000  $0.80 $0.96   442,708   7.89   442,708  $0.96 $1.20   156,250   0.09   156,250  $1.20 $1.68   1,434,721   1.74   1,434,721  $1.68 $2.18   172,167   1.74   172,167  $2.18 $4.00   28,750   5.32   28,750  $4.00 $6.95   375,000   5.75   375,000  $6.95                         2,765,846   3.63   2,765,846  $2.26    There were no unvested warrants outstanding as of December 31, 2024.

 F-22Table of Contents

NOTE 11. COMMITMENTS AND CONTINGENCIES Legal Contingencies We may become a party to litigation in the normal course of business. In the opinion of management, there are no legal matters involving us that would have a material adverse effect upon our financial condition, results of operations or cash flows. In addition, from time to time, we may have to file claims against parties that infringe on our intellectual property. Product Liability As of December 31, 2024 and 2023, there were no claims against us for product liability.

NOTE 12. CONTRACTS AND AGREEMENTS Consulting Agreement On December 16, 2024, the Board of Directors of the Company appointed Nick Jennings, former Chief Financial Officer of the Company, as Interim Chief Financial Officer.  The Company has entered into an offer letter with Mr. Jennings, pursuant to which Mr. Jennings will serve as the Interim Chief Financial Officer for a five-month period and will receive a fee of $15,000 per month. Director Compensation In January 2023, we increased the annual fee to the non-employee members of our Board to $48,000, to be paid in cash on a quarterly basis, with the exception of the audit committee chairperson, whose annual fee was increased to $54,