Company: TOMZ
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001654954-25-005288
Chunk: 46

Company: TOMI Environmental Solutions, Inc.
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 1
Chunk 46
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 $(43,000)

Selling expenses for the three months ended March 31, 2025 were approximately $246,000, as compared to $289,000 for the quarter ended March 31, 2024, representing a decrease of approximately $43,000 or 15%. The decline in selling expenses is due to lower advertising costs incurred in the current year period.

Research and Development

   For The Three Months Ended March 31,    Change    2025  2024  $ Research and Development $45,000  $68,000  $(23,000)

Research and development expenses for the three months ended March 31, 2025 were approximately $45,000, as compared to $68,000 for the quarter ended March 31, 2024, representing a decrease of approximately $23,000 or 34%. The decline in research and development expenses is due to the timing projects that occurred in the prior period which did not recur in the same current year period.

Consulting Fees

   For The Three Months Ended March 31,    Change    2025  2024  $ Consulting Fees  $103,000  $114,000  $(11,000)

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Consulting fees were $103,000 and $114,000 for the three months ended March 31, 2025 and 2024, respectively.  The decrease in consulting fees is due to termination of select external consulting agreements, with remaining consultants agreeing to reduce their consultant fees, as part of our cost-reduction measures implemented June 2024.

General and Administrative Expense

   For The Three Months Ended March 31,  Change    2025  2024  $ General and Administrative  $1,025,000  $1,151,000  $(126,000)

General and administrative expenses include salaries and payroll taxes, rent, insurance expense, utilities, office expense, product registration costs, equity compensation and credit loss expense.

General and administrative expenses were $1,025,000 and $1,151,000 for the three months ended March 31, 2025 and 2024, respectively, a decrease of $126,000 or 11% in the current period.  The decrease is attributable to the reduction in executive salaries and reduced overhead related to the closing of a satellite