Telkonet, Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	12 Months Ended
Dec. 31, 2022
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	NOTE K – RELATED PARTY TRANSACTIONS During the years ended December 31, 2022 and 2021, the Company paid cash consideration of $311,960 and $0, respectively to the Company’s non-employee directors as compensation for their attendance and participation in the Company’s Board of Director and committee meetings. The amount payable to directors at December 31, 2022 and 2021 was $8,333 and $223,000, respectively. During the year ended December 31, 2022, the Company recognized revenue of $98,289 from VDA. Accounts receivable from VDA totaled $93,083 at December 31, 2022. During the year ended December 31, 2022, the Company had purchases from VDA of $56,963. Accounts Payable and accrued expenses to VDA at December 31, 2022 totaled $44,175.

RELATED PARTY TRANSACTIONS

12 Months Ended

Dec. 31, 2022

NOTE K – RELATED PARTY TRANSACTIONS

During the years ended December 31, 2022 and 2021, the Company paid cash consideration of $311,960 and $0, respectively to the Company’s non-employee directors as compensation for their attendance and participation in the Company’s Board of Director and committee meetings. The amount payable to directors at December 31, 2022 and 2021 was $8,333 and $223,000, respectively.

During the year ended December 31, 2022, the Company recognized revenue of $98,289 from VDA. Accounts receivable from VDA totaled $93,083 at December 31, 2022.

During the year ended December 31, 2022, the Company had purchases from VDA of $56,963. Accounts Payable and accrued expenses to VDA at December 31, 2022 totaled $44,175.