XML 24 R13.htm IDEA: XBRL DOCUMENT
v3.23.3

LEASES | 9 Months Ended
--- | ---
Sep. 30, 2023
LEASES |
LEASES | NOTE 7. LEASES In April 2018, we entered into a 10-year lease agreement for a new 9,000-square-foot facility that contains office, warehouse, lab and research and development space in Frederick, Maryland. The lease agreement commenced in December 2018 when the property was ready for occupancy. The agreement provided for annual rent of $143,460, an escalation clause that increases the rent 3% year over year, a landlord tenant improvement allowance of $405,000 and additional landlord work as discussed in the lease agreement. We took occupancy of the property on December 17, 2018 and the lease was amended in March 2019 to provide for a 4-month rent holiday and a commencement date of April 1, 2019. A 7% discount rate was determined using our incremental borrowing rate based on the information available at adoption date in determining the present value of lease payments. Lease expense for operating lease payments is recognized on a straight-line basis over the lease term. The balances for our operating lease where we are the lessee are presented as follows within our condensed consolidated balance sheet:
Operating leases: |  | September 30, 2023 (Unaudited) |  |  | December 31, 2022 |
Assets: |  |  |  |  |  |
Operating lease right-of-use asset |  | $ | 483,884 |  |  | $ | 528,996 |
Liabilities: |  |  |  |  |  |  |  |
Current Portion of Long-Term Operating Lease |  | $ | 112,460 |  |  | $ | 100,282 |
Long-Term Operating Lease, Net of Current Portion |  |  | 672,510 |  |  |  | 761,132 |
Total Right of Use Liability |  | $ | 784,970 |  |  | $ | 861,414 |
The components of lease expense are as follows and are included within general and administrative expense on our condensed consolidated statement of operations:
|  | For the Three Months Ended September 30, 2023 (Unaudited) |  |  | For the Three Months Ended September 30, 2022 (Unaudited) |
Operating lease expense |  | $ | 39,329 |  |  | $ | 39,329 |
|  | For the Nine Months Ended September 30, 2023 (Unaudited) |  |  | For the Nine Months Ended September 30, 2022 (Unaudited) |
Operating lease expense |  | $ | 117,986 |  |  | $ | 117,986 |
Other information related to leases where we are the lessee is as follows:
|  | September 30, 2023 (Unaudited) |  |  | December 31, 2022 |
Weighted-average remaining lease term: |  |  |  |  |  |
Operating leases |  | 5.25 years |  |  | 6.00 years |
Discount rate: |  |  |  |  |  |
Operating leases |  |  | 7.00 | % |  |  | 7.00 | %
Supplemental cash flow information related to leases where we are the lessee is as follows:
|  | For the Three Months Ended September 30, 2023 (Unaudited) |  |  | For the Three Months Ended September 30, 2022 (Unaudited) |
Cash paid for amounts included in the measurement of lease liabilities: |  | $ | 40,366 |  |  | $ | 39,191 |
|  | For the Nine Months Ended September 30, 2023 (Unaudited) |  |  | For the Nine Months Ended September 30, 2022 (Unaudited) |
Cash paid for amounts included in the measurement of lease liabilities: |  | $ | 119,923 |  |  | $ | 116,430 |
As of September 30, 2023, the maturities of our operating lease liability are as follows:
Year Ended: |  | Operating Lease |
October 1 – December 31, 2023 |  | $ | 40,366 |
December 31, 2024 |  |  | 165,098 |
December 31, 2025 |  |  | 170,051 |
December 31, 2026 |  |  | 175,153 |
December 31, 2027 |  |  | 180,408 |
Thereafter |  |  | 219,571 |
Total minimum lease payments |  |  | 950,647 |
Less: Interest |  |  | 165,677 |
Imputed value of lease obligations |  |  | 784,970 |
Less: Current portion |  |  | 112,460 |
Long-term portion of lease obligations |  | $ | 672,510 |

X
- References No definition available. + Details
Name: | tomz_LeasesOfLesseeDisclosuresTextBlock
Namespace Prefix: | tomz_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_LeasesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration