Company: TOMZ
Filing Date: 2025-09-30
Form Type: ARS
Source: 0001654954-25-011264
Chunk: 59

Company: TOMI Environmental Solutions, Inc.
Filing Date: 2025-09-30
Form: ARS
Chunk 59
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 a decrease in executive compensation and reduced overhead related to the closing of a satellite office space.

Other Income and Expense

|                        |     | For The Year Ended  December 31, |     2024 |   |     |   |    2023 |   |     | Change |          |   |
|:-----------------------|:----|:---------------------------------|---------:|:--|:----|:--|--------:|:--|:----|:-------|---------:|:--|
| Interest Income        |     | $                                |   17,000 |   |     | $ |  12,000 |   |     | $      |    5,000 |   |
| Interest Expense       |     |                                  | (389,000 | ) |     |   | (65,000 | ) |     |        | (324,000 | ) |
| Other Income (Expense) |     | $                                | (372,000 | ) |     | $ | (53,000 | ) |     | $      | (319,000 | ) |

Interest income was approximately $17,000 and $12,000 for the years ended December 31, 2024 and 2023, respectively.

Interest expense was $389,000 and $65,000 for the years ended December 31, 2024 and 2023, respectively. The increase in interest expense is primarily attributable to the convertible notes which were outstanding for a full year in 2024 compared to the last fiscal quarter for 2023.

Provision for Income Taxes

|                                            |     | For The Years Ended  December 31, |   |     |      |   |     | Change |   |
|:-------------------------------------------|:----|----------------------------------:|:--|:----|-----:|:--|:----|:-------|:--|
|                                            |     |                              2024 |   |     | 2023 |   |     | $      |   |
| Provision for Income Tax Expense (Benefit) |     |                                 $ | - |     |    $ | - |     | $      | - |

Provision for income tax was $0 for the years ended December 31, 2024 and 2023.

Liquidity and Capital Resources

As of December 31, 2024, we had cash and cash equivalents of approximately $665,000 and working capital of $3,772