Company: TOMZ
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001654954-25-009631
Chunk: 47

Company: TOMI Environmental Solutions, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 47
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  $535,000  $-  $535,000 Interest Income   1,000   2,000   (1,000)  84,000   12,000   72,000 Interest Expense  (106,000)  (93,000)  (13,000)  (225,000)  (187,000)  (38,000)Other Income (Expense) $(105,000) $(91,000) $(14,000) $394,000  $(175,000) $569,000 

Other income was approximately $535,000 and $0 for the six months ended June 30, 2025, and 2024. Other income consisted of employee retention tax credits received in the current year period.

Interest income was approximately $1,000 and $2,000 for the three months ended June 30, 2025, and 2024, respectively. Interest income was approximately $84,000 and $12,000 for the six months ended June 30, 2025, and 2024. The increase for the six months was due to interest income in connection with the employee retention tax credits received in the current year period.

Interest expense was $106,000 and $93,000 for the three months ended June 30, 2025, and 2024, respectively. Interest expense was $225,000 and $187,000 for the six months ended June 30, 2025, and 2024, respectively. The increase in interest expense was due to the issuance of additional convertible notes in the current year periods.

Provision for Income Taxes

  For the three months     For the six months      ended     ended      June 30,  Change  June 30,  Change   2025  2024  $   2025   2024  $ Provision for Income Tax Expense (Benefit)   $-  $-  $-  $-  $-  $- 

Provision for income tax was $0 for the three and six months ended June 30, 2025 and 2024.

Liquidity and Capital Resources

As of June 30, 2025, we had cash and cash equivalents of approximately