Company: TOMZ
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001654954-25-005288
Chunk: 45

Company: TOMI Environmental Solutions, Inc.
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 1
Chunk 45
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 Months Ended March 31,  Change    2025  2024  $ Cost of Sales $625,000  $443,000  $182,000 

Cost of sales was $625,000 and $443,000 for the three months ended March 31, 2025 and 2024, respectively, an increase of $182,000 or 41%, compared to the prior year. The increase in cost of sales was primarily due to higher sales. Our gross profit as a percentage of sales for the three months ended March 31, 2025 was 60.4% compared to 60.2% in the same prior period, respectively. The higher gross profit is attributable to the product mix in sales and growth in our SteraMist BIT Solution revenues in the current period. 

Professional Fees

   For The Three Months Ended March 31,    Change    2025  2024  $ Professional Fees  $219,000  $198,000  $21,000 

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Professional fees are comprised mainly of legal, accounting, and financial consulting fees.

Professional fees were $219,000 and $198,000 for the three months ended March 31, 2025 and 2024, respectively, an increase of approximately $21,000 or 11%, in the current year period. The increase in professional fees was primarily due to accrued filing fees associated with our employee retention tax refunds incurred in the current year period.

Depreciation and Amortization

   For The Three Months Ended March 31,  Change    2025  2024  $ Depreciation and Amortization $69,000  $78,000  $(9,000)

Depreciation and amortization were approximately $69,000 and $78,000 for the three months ended March 31, 2025 and 2024, respectively, representing a decrease of $9,000 or 12%.  

The decrease in depreciation expense is due to a lower amount of fixed assets being depreciated in the current year period when compared to the same prior year periods.

Selling Expenses

   For The Three Months Ended March 31,  Change    2025  2024  $ Selling Expenses $246,000  $289,000