Company: TOMZ
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001654954-25-009631
Chunk: 77

Company: TOMI Environmental Solutions, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 2
Chunk 77
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 debt service obligations and may include operating and financial covenants that would restrict our operations. We cannot be certain that any financing will be available in the amounts we need or on terms acceptable to us, if at all.

For the six months ended June 30, 2025 and 2024, we incurred losses from operations of ($1,887,000) and ($1,105,000), respectively. Cash used in operations for the six months ended June 30, 2025 and 2024 was ($463,000) and ($1,558,000), respectively.

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A breakdown of our statement of cash flows for the six months ended June 30, 2025 and 2024 is provided below:

   For the six months ended June 30,     2025  2024  Net Cash (Used) in Operating Activities   $(463,000) $(1,558,000) Net Cash (Used) in Investing Activities  $(67,000) $(99,000) Cash Flow Provided By Financing Activities:  $435,000  $28,000 

Operating Activities

Cash used in operations for the six months ended June 30, 2025 and 2024 was $463,000 and $1,558,000, respectively. The decrease was primarily attributable to management action on working capital with a focus on accounts receivable and inventory.

Investing Activities

Cash used in investing activities for the six months ended June 30, 2025 and 2024 was $67,000 and $99,000, respectively. The decrease was attributable to patent and trademark costs incurred in the current year period compared to property and equipment purchased in the prior year period.

Financing Activities

Cash provided by financing activities for the six months ended June 30, 2025 and 2024 was $435,000 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 continue to implement measures to improve financial results and cash