Company: TOMZ
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001654954-25-005288
Chunk: 18

Company: TOMI Environmental Solutions, Inc.
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 1
Chunk 18
---
304  $875,449  For the three months ended March 31, 2025 and 2024, depreciation was $61,744 and $73,043, respectively.  For the three months ended March 31, 2025 and 2024, amortization of tenant improvement allowance was $9,798 and $9,798, respectively and was recorded as lease expense and included within general and administrative expense on the consolidated statement of operations.

NOTE 6. INTANGIBLE ASSETS  Intangible assets consist of patents and trademarks related to our Binary Ionization Technology. We amortize the patents over the estimated remaining lives of the related patents. Trademarks have an indefinite life. Amortization expenses were $6,798 and $4,878 for the three months ended March 31, 2025 and 2024, respectively. 

 17Table of Contents

Definite life intangible assets consist of the following:   March 31, 2025(Unaudited)  December 31, 2024 Intellectual Property and Patents  $3,350,031  $3,350,031 Less: Accumulated Amortization   2,937,119   2,930,321 Patents, net $412,912  $419,710  Indefinite life intangible assets consist of the following: Trademarks  830,864   830,864  Total Intangible Assets, net $1,243,776  $1,250,574  Approximate future amortization is as follows (rounded to nearest thousandth): Year Ended:  Amount April 1 - December 31, 2025 $21,000 December 31, 2026  28,000 December 31, 2027  28,000 December 31, 2028  28,000 December 31, 2029  28,000 Thereafter   280,000 Total $413,000 

NOTE 7. LEASES  In April 2018, we entered into a 10-year lease agreement for a new 9,000-square-foot facility that contains office, warehouse, lab and research and development space in Frederick, Maryland. The lease agreement commenced in December 2018 when the property was ready for occupancy. The agreement provided for