Company: TOMZ
Filing Date: 2025-04-14
Form Type: 10-K
Source: 0001654954-25-004233
Chunk: 401

Company: TOMI Environmental Solutions, Inc.
Filing Date: 2025-04-14
Form: 10-K
Item: Item 15
Chunk 401
---
hold improvements  393,381   393,381 Tenant Improvement Allowance    405,000   405,000          Total Property and Equipment  3,941,340   3,805,111 Less: Accumulated depreciation  3,065,891   2,756,469 Property and Equipment, net $875,449  $1,048,642  For the years ended December 31, 2024 and 2023, depreciation was $270,228 and $345,556, respectively. For the years ended December 31, 2024 and 2023, amortization of tenant improvement allowance was $39,194 and was recorded as lease expense and included within general and administrative expense on the consolidated statement of operations.

NOTE 6. INTANGIBLE ASSETS Intangible assets consist of patents and trademarks related to our Binary Ionization Technology. We amortize the patents over the estimated remaining lives of the related patents. The trademarks have an indefinite life. Amortization expense was $26,308 and $21,121 for the years ended December 31, 2024 and 2023, respectively. Definite life intangible assets consist of the following:  December 31, 2024  December 31, 2023 Intellectual Property and Patents  $3,350,031  $3,196,396 Less: Accumulated Amortization   2,930,321   2,904,013 Patents, net $419,710  $292,383  Indefinite life intangible assets consist of the following: Trademarks  830,864   830,863  Total Intangible Assets, net $1,250,574  $1,123,246  Approximate future amortization is as follows (rounded to nearest thousandth): Year Ended: Amount     December 31, 2025 $20,000 December 31, 2026  20,000 December 31, 2027  20,000 December 31, 2028  20,000 December 31, 2029  20,000 Thereafter  320,000 Total $420,000 

 F-18Table of Contents

NOTE 7. LEASES In April