Telkonet, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

COMMITMENTS AND CONTINGENCIES (Tables)

COMMITMENTS AND CONTINGENCIES (Tables)

6 Months Ended

Jun. 30, 2022

Commitments and Contingencies Disclosure [Abstract]

Components of lease expense

Components of lease expense
		Three Months Ended June 30								Six Months Ended June 30
		2022				2021				2022				2021

Operating Lease Cost - fixed		$	47,535			$	57,387			$	96,559			$	114,774
Variable lease cost			32,191				31,338				64,103				61,475
Total operating lease cost		$	79,726			$	88,725			$	160,662			$	176,249

Other information related to leases

Other information related to leases
		June 30, 2022				December 31, 2021
Operating lease liability - current		$	149,288			$	195,176
Operating lease liability - long term			431,685				459,668
Operating cash flows from operating leases			79,455				242,305

Weighted-average remaining lease term of operating leases			3.6 years				4.1 years
Weighted-average discount rate of operating leases			8.5%				8.5%

Future annual minimum operating lease payments


		June 30, 2022
2022 (excluding the months already reported upon)		$	95,542
2023			193,169
2024			172,424
2025			158,510
2026			53,184
2027 and thereafter			–
Total minimum lease payments			672,829
Less imputed interest			(91,856	)
Total		$	580,973

Schedule of sales tax accrual

Schedule of sales tax accrual
		June 30, 2022				December 31, 2021
Beginning balance		$	16,634			$	31,396
Sales tax collected			95,126				85,589
Provisions (reversals)			5,437				(7,685	)
Payments			(81,557	)			(92,666	)
Ending balance		$	35,640			$	16,634