Company: TOMZ
Filing Date: 2025-04-14
Form Type: 10-K
Source: 0001654954-25-004233
Chunk: 1531

Company: TOMI Environmental Solutions, Inc.
Filing Date: 2025-04-14
Form: 10-K
Item: Item 9B
Chunk 1531
---
In May 2024, we issued options to purchase 225,000 shares of Common Stock to officers at an exercise price of $0.75 per share pursuant to an employment agreement. The options were valued at $144,307 and have a contractual term of 10 years. We utilized the Black-Scholes model to fair value the options received by Officers with the following assumptions: volatility, 125%; expected dividend yield, 0%; risk free interest rate, 4.35%; and a contractual term of 10 years. The grant date fair value of each share of Common Stock underlying the options was $0.64. The total stock based compensation for the years ended December 31, 2024 and 2023, was $144,307 and $163,286, respectively which has been in included within General and Administration expense in our statement of operations.

 F-21Table of Contents

The following table summarizes stock options outstanding as of December 31, 2024 and 2023:   December 31, 2024  December 31, 2023   Number of Options  Weighted Average Exercise Price  Number of Options  Weighted Average Exercise Price Outstanding, beginning of period  617,542  $1.38   413,000  $1.65 Granted   225,000   0.75   217,042   0.82 Exercised  (31,250)  0.88   -   - Expired   (6,250)  0.80   (12,500)  - Outstanding, end of period  805,042  $1.23   617,542  $1.38  Options outstanding and exercisable by price range as of December 31, 2024 were as follows:    Average    Outstanding Options  Weighted  Exercisable Options      Remaining    Weighted      Contractual    Average Range  Number  Life in Years  Number  Exercise Price $0.71   7,042   3.05   7,042  $0.71 $0.75   225,000   9.38   225,000  $0.75 $0.80   21,250