Company: TOMZ
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001654954-25-005288
Chunk: 77

Company: TOMI Environmental Solutions, Inc.
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 2
Chunk 77
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 34Table of Contents

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  $(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