Company: TOMZ
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001654954-25-009631
Chunk: 22

Company: TOMI Environmental Solutions, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 22
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 determining the present value of lease payments. Lease expense for operating lease payments is recognized on a straight-line basis over the lease term.

 19Table of Contents

The balances for our operating lease where we are the lessee are presented as follows within our condensed consolidated balance sheet:   June 30, 2025  December 31, Operating leases: (Unaudited)  2024 Assets:      Operating lease right-of-use asset $361,790  $399,254          Liabilities:        Current Portion of Long-Term Operating Lease $136,227  $129,132 Long-Term Operating Lease, net of current portion  444,327   513,395 Total Right of Use Liability $580,554  $642,527  The components of lease expense are as follows and are included within general and administrative expense on our condensed consolidated statement of operations.    For the three months ended  For the six months ended   June 30, (Unaudited)  June 30, (Unaudited)   2025  2024  2025  2024 Operating Lease Expense $39,329  $39,329  $78,657  $78,657  Other information related to leases where we are the lessee is as follows:   June 30, 2025  December 31,   (Unaudited)  2024 Weighted-average remaining lease term:    Operating leases 3.50 years  4.00 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 three months ended  For the six months ended   June 30, (Unaudited)  June 30, (Unaudited)   2025  2024  2025  2024 Cash Paid for amounts included in            the measurement of lease liabilities $41,993  $41,577  $83,571  $81,944  As of June 30, 2025, the maturities of our operating lease liability are as follows:   Operating Year Ended: Lease  July