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

Annual report pursuant to Section 13 and 15(d)

BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES (Tables)

BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Dec. 31, 2022

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Numerator for basic and diluted loss per share:


		Year Ended December 31
		2022				2021
Net Income / (Loss)		$	(1,285,237	)		$	(412,785	)
Less cumulative dividends earned on Preferred stock			(94,850	)			(94,850	)
Net loss attributable to common shareholders		$	(1,380,087	)		$	(507,635	)

Schedule of diluted EPS

Schedule of diluted EPS
		Year Ended December 31
		2022				2021
Weighted average common shares outstanding - basic			296,497,266				136,311,335
Dilutive effect of stock options and warrants			–				–
Weighted average common shares outstanding - diluted			296,497,266				136,311,335

Schedule of allowance for doubtful accounts


		December 31, 2022				December 31, 2021
Beginning balance		$	46,650			$	45,328
Warranty claims incurred			(14,659	)			(16,075	)
Provision charged (credited) to expense			(18,328	)			17,397
Ending balance		$	13,663			$	46,650