Company: TOMZ
Filing Date: 2025-04-14
Form Type: 10-K
Source: 0001654954-25-004233
Chunk: 713

Company: TOMI Environmental Solutions, Inc.
Filing Date: 2025-04-14
Form: 10-K
Item: Item 2
Chunk 713
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 these new products and service introductions will positively impact our net sales, cost of sales and operating expenses during this fiscal year.

Supply Chain:

We have orders for supplies and materials that are required in our equipment and are prepared to continue the manufacturing of all our products.  Further, TOMI has multiple suppliers, outsourced engineers, and software programmers to turn to for the manufacturing and installation of its SteraMist products to reduce the risks associated with the current supply chain environment.

 33Table of Contents

Financial Operations Overview

Our financial position as of December 31, 2024 and 2023, respectively, was as follows:

  December 31, 2024  December 31, 2023 Total shareholders’ equity $4,099,000  $8,359,000 Cash and cash equivalents $665,000  $2,339,000 Deferred Revenue $212,000  $- Accounts receivable – Current, net $1,881,000  $2,430,000 Inventories, net $3,578,000  $4,627,000 Prepaid expenses $333,000  $371,000 Vendor Deposits $36,000  $29,000 Other Receivables $-  $164,000 Accounts receivable – Long Term, net $-  $206,000 Current liabilities – Excluding Deferred Revenue  $2,509,000  $2,058,000 Long-term liabilities – Convertible Notes, net  $2,361,000  $2,298,000 Long-term liabilities – Other  $513,000  $643,000 Working Capital $3,772,000  $7,903,000 

During the year ended December 31, 2024, our debt and liquidity positions were affected by the following:

 ·Net cash used in operations of approximately $1,440,000. ·Net cash used in investing activities $262,000.

Results of Operations for the Year Ended December 31, 2024 Compared to the Year Ended December 31, 2023

   For The Year Ended December 31,  Change    2024  2023  $ Revenue, Net $7,739,000  $7,355