Trutankless, Inc. (TKLS) financial statements (2021 and earlier)

Company profile

Business Address 15720 N. GREENWAY HAYDEN LOOP
SCOTTSDALE, AZ 85260
State of Incorp. NV
Fiscal Year End December 31
SIC 363 - Household Appliances (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)

9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments27354747142195
Cash and cash equivalents27354747142195
Receivables439535311270316190332
Inventory, net of allowances, customer advances and progress billings382337107230358400
Inventory382337107230358400
Prepaid expense1,137550648373202130202
Total current assets:1,6411,1421,0427557568201,129
Noncurrent Assets
Finance lease, right-of-use asset38424650545861
Property, plant and equipment    011
Intangible assets, net (including goodwill)    121212
Intangible assets, net (excluding goodwill)    121212
Prepaid expense761725763108   
Other noncurrent assets14141414   
Other undisclosed noncurrent assets    223
Total noncurrent assets:813781823172687377
TOTAL ASSETS:2,4541,9231,8659278248931,205
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:1,0359619921,1891,2651,1951,094
Other undisclosed accounts payable and accrued liabilities1,0359619921,1891,2651,1951,094
Debt627708925427431429433
Derivative instruments and hedges, liabilities2795501,328614   
Due to related parties27124323088888482
Other undisclosed current liabilities783895 1,5831,4251,3581,220
Total current liabilities:2,9953,3573,4743,9013,2093,0662,828
Noncurrent Liabilities
Long-term debt and lease obligation, including:252937544143153
Long-term debt, excluding current maturities333505517  153
Operating lease, liability253037374143 
Other undisclosed long-term debt and lease obligation(333)(51)(55)    
Liabilities, other than long-term debt500500500    
Due to related parties500500500    
Other undisclosed noncurrent liabilities33351625    
Total noncurrent liabilities:8585801,162544143153
Total liabilities:3,8533,9374,6363,9553,2503,1092,982
Stockholders' equity
Stockholders' equity attributable to parent, including:(1,399)(2,014)(2,771)(3,028)(2,426)(2,216)(1,776)
Preferred stock00 0000
Common stock68585445423936
Common stock, value, subscriptions   425603896901
Additional paid in capital38,57636,84432,48928,92827,63026,76425,955
Accumulated deficit(40,757)(39,533)(35,928)(32,426)(30,701)(29,916)(28,668)
Other undisclosed stockholders' equity attributable to parent715616613    
Total stockholders' equity:(1,399)(2,014)(2,771)(3,028)(2,426)(2,216)(1,776)
TOTAL LIABILITIES AND EQUITY:2,4541,9231,8659278248931,205

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

9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
Revenues361539540408443420638
Cost of revenue(309)(543)(247)(1,731)   
Cost of goods and services sold(309)(543)(247)    
Other undisclosed gross profit   1,297(364)(465)(468)
Gross profit:52(5)293(26)78(45)170
Operating expenses(964)(3,822)(774)(842)(671)(888)(1,121)
Other operating income (expense), net
(Other Nonrecurring (Income) Expense)
312(222)3,021857193188184
Other undisclosed operating income (loss)(312)222(3,021)5,138   
Operating income (loss):(913)(3,827)(481)5,127(399)(745)(766)
Interest and debt expense(385)(175)(555)(827)(193)(188)(184)
Income (loss) from continuing operations before equity method investments, income taxes:(1,298)(4,001)(1,036)4,299(592)(933)(951)
Other undisclosed income (loss) from continuing operations before income taxes73397(2,467)(6,844)   
Net loss:(1,225)(3,605)(3,502)(2,544)(592)(933)(951)
Other undisclosed net income (loss) attributable to parent   820(193)(188)(184)
Net loss available to common stockholders, diluted:(1,225)(3,605)(3,502)(1,725)(786)(1,121)(1,135)

Comprehensive Income ($ in thousands)

9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
Net loss:(1,225)(3,605)(3,502)(2,544)(592)(933)(951)
Comprehensive loss, net of tax, attributable to parent:(1,225)(3,605)(3,502)(2,544)(592)(933)(951)

Statements sources

The financial statements are based on the company's filings with the 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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