Trutankless, Inc. (TKLS) Financial Statements (2026 and earlier)

Company Profile

Business Address 15900 NORTH 78TH STREET
SCOTTSDALE, AZ 85260
State of Incorp. NV
Fiscal Year End December 31
Industry (SIC) 363 - Household Appliances (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)
Annual | Quarterly

3/31/2026
MRQ
12/31/2025
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments   218060152
Cash and cash equivalent   218060152
Receivables8744(187)75110
Inventory, net of allowances, customer advances and progress billings1,574351 11811925
Inventory1,574351 11811925
Prepaid expense21,2335  585
Advance royalties45     
Other undisclosed current assets1141,3801875  
Total current assets:1,8223,00726209185872
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization    1001834
Operating lease, right-of-use asset812171203   
Property, plant, and equipment, after accumulated depreciation, depletion, and amortization405188    
Intangible asset, including goodwill, after accumulated amortization121212   
Intangible asset, excluding goodwill, after accumulated amortization121212   
Prepaid expense      878
Other noncurrent assets 1914142614
Other undisclosed noncurrent assets 62     
Total noncurrent assets:1,29039022911444925
TOTAL ASSETS:3,1123,3972563232291,797
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:1,4661,2321,4451,0622001,145
Accounts payable753     
Accrued liabilities1,166374478 460 
Other undisclosed accounts payable and accrued liabilities(453)8589671,062(260)1,145
Debt7657364511,954605
Derivative instruments and hedges, liabilities      302
Disposal group, including discontinued operation   1,082   
Due to related parties✕✕✕✕ 384276
Other undisclosed current liabilities10,2037,6334,8122,8921,274971
Total current liabilities:12,4348,9397,4044,0063,8113,299
Noncurrent Liabilities
Long-term debt and lease obligation, including: 981454520121
Long-term debt, excluding current maturities 95 3,399201340
Other undisclosed long-term debt and lease obligation  3145(3,354) (340)
Liabilities, other than long-term debt6409814551111500
Deferred revenue110    
Due to related parties✕✕✕✕ 111500
Operating lease, liability6299814551 21
Other undisclosed noncurrent liabilities 6081031,774 340
Total noncurrent liabilities:6408053921,869312861
Total liabilities:13,0749,7447,7965,8754,1234,160
Equity
Equity, attributable to parent, including:(9,962)(6,347)(7,540)(5,552)(3,894)(2,363)
Common stock12912939202074
Additional paid in capital71,76270,62757,80354,26154,17039,897
Accumulated deficit(81,853)(77,102)(66,916)(64,627)(60,373)(42,993)
Other undisclosed equity, attributable to parent   1,5344,7942,289658
Total equity:(9,962)(6,347)(7,540)(5,552)(3,894)(2,363)
TOTAL LIABILITIES AND EQUITY:3,1123,3972563232291,797

Income Statement (P&L) ($ in thousands)
Annual | Quarterly

3/31/2026
TTM
12/31/2025
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
Revenues1,0832424732461,661
Cost of revenue(1,041)(279) (23)(128)(1,305)
Cost of product and service sold(1,041)(279) (23) (1,305)
Gross profit:42(37)450118356
Operating expenses(3,613)(5,183)(1,346)(4,147)(11,519)(7,247)
Other operating income, net
(Other Nonrecurring (Income) Expense)		      3,677
Other undisclosed operating loss      (3,677)
Operating loss:(3,571)(5,220)(1,342)(4,097)(11,400)(6,891)
Nonoperating expense
(Other Nonoperating expense)		(1,180)(4,966)(808)(523)(5,979) 
Interest and debt expense(543)(94) 18(1,212)(1,705)
Other undisclosed loss from continuing operations before equity method investments, income taxes      
Loss from continuing operations before equity method investments, income taxes:(5,294)(10,280)(2,150)(4,602)(18,592)(8,596)
Other undisclosed income (loss) from continuing operations before income taxes    (18)1,212(1,971)
Loss from continuing operations before income taxes:(5,294)(10,280)(2,150)(4,620)(17,380)(10,567)
Income tax expense   (428)(442)  
Loss from continuing operations:(5,294)(10,280)(2,579)(5,062)(17,380)(10,567)
Loss before gain (loss) on sale of properties:✕✕✕✕✕(17,380)(10,567)
Loss from discontinued operations    (26)  
Other undisclosed net income543 428442  
Net loss:(4,751)(10,280)(2,150)(4,646)(17,380)(10,567)
Other undisclosed net income attributable to parent 94    
Net loss available to common stockholders, diluted:(4,751)(10,186)(2,150)(4,646)(17,380)(10,567)

Comprehensive Income ($ in thousands)
Annual | Quarterly

3/31/2026
TTM
12/31/2025
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
Net loss:(4,751)(10,280)(2,150)(4,646)(17,380)(10,567)
Comprehensive loss, net of tax, attributable to parent:(4,751)(10,280)(2,150)(4,646)(17,380)(10,567)

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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