Titan Environmental Solutions Inc. (TESI) Financial Statements (2024 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)

3/31/2024
MRQ
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 investments1041563092
Cash and cash equivalents1041563092
Restricted cash and investments    58192 
Receivables971 77474960211
Inventory, net of allowances, customer advances and progress billings145     
Inventory145     
Other current assets  45    
Other undisclosed current assets2562015026416 
Total current assets:1,475669811,10181914
Noncurrent Assets
Operating lease, right-of-use asset1,583 112126537
Nontrade receivables   122   
Property, plant and equipment5,781 343649 
Long-term investments and receivables    4142 
Long-term investments    4142 
Intangible assets, net (including goodwill)13,171 7,070445478 
Goodwill6,517 5,863   
Intangible assets, net (excluding goodwill)6,654 1,207445478 
Other noncurrent assets166     
Other undisclosed noncurrent assets   23332215 
Total noncurrent assets:20,700 7,5726801,321 
TOTAL ASSETS:22,175668,5531,7812,13914
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:4,0732262,1461,164884531
Taxes payable724751 
Employee-related liabilities427338302 
Accrued liabilities14424    
Other undisclosed accounts payable and accrued liabilities3,9292021,646779531531
Debt3,93375243832274255
Derivative instruments and hedges, liabilities 182171,153   
Due to related parties4003,8921,8431,307845
Other undisclosed current liabilities4,387883,196624584241
Total current liabilities:12,4111,68310,8253,9533,5161,672
Noncurrent Liabilities
Long-term debt and lease obligation  146185452 
Long-term debt, excluding current maturities  366019 
Liabilities, other than long-term debt1,291     
Operating lease, liability1,291 110125433
Other undisclosed noncurrent liabilities3,175 (110)(125)32 
Total noncurrent liabilities:4,466 146185484 
Total liabilities:16,8761,68310,9714,1384,0001,672
Equity
Equity, attributable to parent, including:5,299(1,616)(2,414)(2,357)(1,860)(1,659)
Common stock220333
Additional paid in capital155,37815,9056,5091171312
Accumulated other comprehensive income   312821 
Accumulated deficit(150,080)(17,523)(8,954)(2,505)(1,897)(1,674)
Other undisclosed equity, attributable to parent00 000
Equity, attributable to noncontrolling interest   (4)   
Total equity:5,299(1,616)(2,418)(2,357)(1,860)(1,659)
TOTAL LIABILITIES AND EQUITY:22,175668,5531,7812,13914

Income Statement (P&L) ($ in thousands)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues7,62522,7121,010681181
Cost of revenue(6,503)(54)(2,204)(547)(431)(179)
Other undisclosed gross profit      
Gross profit:1,121(53)5094632492
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 income113    25
Interest and debt expense(593)(557)(456)65(250)(170)
Other undisclosed income from continuing operations before equity method investments, income taxes593     
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 557456(65)250170
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 income 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 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)

3/31/2024
TTM
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   36  
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.

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