Titan Environmental Solutions Inc. (TESI) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
14205 SE 36TH ST., BELLEVUE, WA 98006 |
| State of Incorp. | NV |
| Fiscal Year End | December 31 |
| Industry (SIC) | 7371 - Computer Programming Services (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 104 | 1 | 56 | 30 | 9 | 2 | |||
| Cash and cash equivalent | 104 | 1 | 56 | 30 | 9 | 2 | |||
| Restricted cash and investments | 58 | 192 | |||||||
| Receivables | 971 | 774 | 749 | 602 | 11 | ||||
| Inventory, net of allowances, customer advances and progress billings | 145 | ||||||||
| Inventory | 145 | ||||||||
| Other current assets | 45 | ||||||||
| Other undisclosed current assets | 256 | 20 | 150 | 264 | 16 | ||||
| Total current assets: | 1,475 | 66 | 981 | 1,101 | 819 | 14 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 1,583 | 112 | 126 | 537 | ✕ | ||||
| Nontrade receivables | 122 | ||||||||
| Property, plant and equipment | 5,781 | 34 | 36 | 49 | |||||
| Long-term investments and receivables | 41 | 42 | |||||||
| Long-term investments | 41 | 42 | |||||||
| Intangible assets, net (including goodwill) | 13,171 | 7,070 | 445 | 478 | |||||
| Goodwill | 6,517 | 5,863 | |||||||
| Intangible assets, net (excluding goodwill) | 6,654 | 1,207 | 445 | 478 | |||||
| Other noncurrent assets | 166 | ||||||||
| Other undisclosed noncurrent assets | 233 | 32 | 215 | ||||||
| Total noncurrent assets: | 20,700 | 7,572 | 680 | 1,321 | |||||
| TOTAL ASSETS: | 22,175 | 66 | 8,553 | 1,781 | 2,139 | 14 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities, including: | 4,073 | 226 | 2,146 | 1,164 | 884 | 531 | |||
| Taxes payable | ✕ | ✕ | ✕ | 72 | 47 | 51 | |||
| Employee-related liabilities | ✕ | ✕ | ✕ | 427 | 338 | 302 | |||
| Accounts payable | |||||||||
| Accrued liabilities | 144 | 24 | |||||||
| Other undisclosed accounts payable and accrued liabilities | 3,929 | 202 | 1,646 | 779 | 531 | 531 | |||
| Debt | 3,933 | 752 | 438 | 322 | 742 | 55 | |||
| Derivative instruments and hedges, liabilities | 18 | 217 | 1,153 | ||||||
| Due to related parties | ✕ | ✕ | 400 | 3,892 | 1,843 | 1,307 | 845 | ||
| Other undisclosed current liabilities | 4,387 | 88 | 3,196 | 624 | 584 | 241 | |||
| Total current liabilities: | 12,411 | 1,683 | 10,825 | 3,953 | 3,516 | 1,672 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 146 | 185 | 452 | ||||||
| Long-term debt, excluding current maturities | 36 | 60 | 19 | ||||||
| Finance lease, liability | ✕ | ||||||||
| Liabilities, other than long-term debt | 1,291 | ||||||||
| Operating lease, liability | 1,291 | 110 | 125 | 433 | ✕ | ||||
| Other undisclosed noncurrent liabilities | 3,175 | (110) | (125) | 32 | |||||
| Total noncurrent liabilities: | 4,466 | 146 | 185 | 484 | |||||
| Total liabilities: | 16,876 | 1,683 | 10,971 | 4,138 | 4,000 | 1,672 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | 5,299 | (1,616) | (2,414) | (2,357) | (1,860) | (1,659) | |||
| Common stock | 2 | 2 | 0 | 3 | 3 | 3 | |||
| Additional paid in capital | 155,378 | 15,905 | 6,509 | 117 | 13 | 12 | |||
| Accumulated other comprehensive income | 31 | 28 | 21 | ||||||
| Accumulated deficit | (150,080) | (17,523) | (8,954) | (2,505) | (1,897) | (1,674) | |||
| Other undisclosed equity, attributable to parent | 0 | 0 | 0 | 0 | 0 | ||||
| Equity, attributable to noncontrolling interest | (4) | ||||||||
| Other undisclosed equity | |||||||||
| Total equity: | 5,299 | (1,616) | (2,418) | (2,357) | (1,860) | (1,659) | |||
| TOTAL LIABILITIES AND EQUITY: | 22,175 | 66 | 8,553 | 1,781 | 2,139 | 14 | |||
Income Statement (P&L) ($ in thousands)
| 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 7,625 | 2 | 2,712 | 1,010 | 681 | 181 | ||
| Cost of revenue | (6,503) | (54) | (2,204) | (547) | (431) | (179) | ||
| Gross profit: | 1,121 | (53) | 509 | 463 | 249 | 2 | ||
| Operating expenses | (32,402) | (1,340) | (5,461) | (818) | (695) | (266) | ||
| Other undisclosed operating loss | (0) | |||||||
| Operating loss: | (31,280) | (1,393) | (4,953) | (355) | (446) | (264) | ||
| Nonoperating income (expense) | (117,725) | (1,009) | (1,411) | (252) | 222 | (134) | ||
| Investment income, nonoperating | (5,804) | 417 | ||||||
| Other nonoperating income | 113 | 25 | ||||||
| Interest and debt expense | (593) | (557) | (456) | 65 | (250) | (170) | ||
| Other undisclosed income from continuing operations before equity method investments, income taxes | 593 | |||||||
| Loss from continuing operations before equity method investments, income taxes: | (149,005) | (2,959) | (6,819) | (542) | (473) | (568) | ||
| Other undisclosed income (loss) from continuing operations before income taxes | 557 | 456 | (65) | 250 | 170 | |||
| Loss from continuing operations before income taxes: | (149,005) | (2,402) | (6,364) | (607) | (223) | (398) | ||
| Income tax expense (benefit) | 940 | (90) | (1) | |||||
| Other undisclosed loss from continuing operations | ||||||||
| Loss from continuing operations: | (148,065) | (2,402) | (6,453) | (608) | (223) | (398) | ||
| Loss before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | (6,453) | (608) | (223) | (398) | |
| Income (loss) from discontinued operations | 325 | |||||||
| Other undisclosed net loss | (7,095) | |||||||
| Net loss: | (148,065) | (9,172) | (6,453) | (608) | (223) | (398) | ||
| Net income attributable to noncontrolling interest | 4 | |||||||
| Other undisclosed net loss attributable to parent | (940) | |||||||
| Net loss attributable to parent: | (149,005) | (9,172) | (6,449) | (608) | (223) | (398) | ||
| Preferred stock dividends and other adjustments | (1,075) | |||||||
| Other undisclosed net loss available to common stockholders, basic | ||||||||
| Net loss available to common stockholders, diluted: | (150,080) | (9,172) | (6,449) | (608) | (223) | (398) | ||
Comprehensive Income ($ in thousands)
| 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Net loss: | (148,065) | (9,172) | (6,453) | (608) | (223) | (398) | ||
| Other comprehensive income | 3 | 6 | ||||||
| Comprehensive loss: | (148,065) | (9,172) | (6,450) | (601) | (223) | (398) | ||
| Comprehensive income, net of tax, attributable to noncontrolling interest | 4 | |||||||
| Comprehensive loss, net of tax, attributable to parent: | (148,065) | (9,172) | (6,446) | (601) | (223) | (398) | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.