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)

9 Months Ended

Sep. 30, 2022

Commitments and Contingencies Disclosure [Abstract]

Components of lease expense

Components of lease expense
		Three Months Ended								Nine Months Ended
		September 30								September 30
		2022				2021				2022				2021
Operating lease cost - fixed		$	49,947			$	57,387			$	146,236			$	172,161
Variable lease cost			25,933				30,213				88,952				91,688
Total operating lease cost		$	75,880			$	87,600			$	235,188			$	263,849

Other information related to leases

Other information related to leases
		September 30, 2022				December 31, 2021
Operating lease liability - current		$	153,276			$	195,176
Operating lease liability - long term			391,680				459,668
Operating cash flows from operating leases			109,888				242,305

Weighted-average remaining lease term of operating leases			3.2 years				4.1 years
Weighted-average discount rate of operating leases			8.5%				8.5%

Future annual minimum operating lease payments


2022 (excluding the months already reported upon)		$	47,771
2023			193,169
2024			172,424
2025			158,510
2026			53,185
2027 and thereafter			–
Total minimum lease payments			625,059
Less imputed interest			(80,103	)
Total		$	544,956

Schedule of sales tax accrual

Schedule of sales tax accrual
		September 30, 2022				December 31, 2021
Beginning balance		$	16,634			$	31,396
Sales tax collected			122,460				85,589
Provisions (reversals)			8,231				(7,685	)
Payments			(112,238	)			(92,666	)
Ending balance		$	35,087			$	16,634