Transportation & Logistics Systems, Inc. (TLSS) Financial Statements (2026 and earlier)

Company Profile

Business Address 5500 MILITARY TRAIL
JUPITER, FL 33458
State of Incorp. NV
Fiscal Year End December 31
Industry (SIC) 47 - Transportation Services (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 investments161772181,4716,068579
Cash and cash equivalent161772181,4716,068579
Receivables    2,059482373
Disposal group, including discontinued operation  01,857   
Other undisclosed current assets2184613197443
Total current assets:171792,1604,1436,7471,396
Noncurrent Assets
Operating lease, right-of-use asset    8,457 1,445
Property, plant, and equipment, after accumulated depreciation, depletion, and amortization    1,607577599
Intangible asset, including goodwill, after accumulated amortization    6,7082,177 
Goodwill    2,106  
Intangible asset, excluding goodwill, after accumulated amortization    4,6022,177 
Other undisclosed noncurrent assets    3773394
Total noncurrent assets:    17,1492,7882,138
TOTAL ASSETS:171792,16021,2929,5353,534
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities3362,4749271,3106252,451
Employee-related liabilities✕✕✕✕✕99922
Accounts payable3361,1688524733131,104
Accrued liabilities 1,30675837213425
Debt   4,953 979
Deferred compensation liability      
Derivative instruments and hedges, liabilities      4,181
Disposal group, including discontinued operation6,9496,6717,044   
Due to related parties✕✕✕✕  500
Other undisclosed current liabilities 6672,9262,1862,2843819,895
Total current liabilities:7,95112,07110,1578,5471,00618,007
Noncurrent Liabilities
Long-term debt and lease obligation    831121,540
Long-term debt, excluding current maturities    83112438
Liabilities, other than long-term debt    6,414  
Operating lease, liability    6,414 1,103
Other undisclosed noncurrent liabilities      (1,103)
Total noncurrent liabilities:    7,245121,540
Total liabilities:7,95112,07110,15715,7921,01919,547
Temporary equity, including noncontrolling interest      
Equity
Equity, attributable to parent, including:(20,081)(11,892)(7,997)5,5008,516(16,013)
Common stock5,8895,8894,4813,6372,9271,734
Additional paid in capital121,195128,686129,854129,373124,605104,873
Accumulated deficit(147,165)(146,468)(142,333)(127,510)(119,016)(122,621)
Other undisclosed equity, attributable to parent001111
Other undisclosed equity 12,147     
Total equity:(7,934)(11,892)(7,997)5,5008,516(16,013)
TOTAL LIABILITIES AND EQUITY:171792,16021,2929,5353,534

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
Revenues    7,7445,49525,827
Cost of revenue    (5,217)(5,408)(23,284)
Gross profit:    2,528872,542
Operating expenses(1,408)(1,873)(2,458)(10,566)(6,532)(10,758)
Operating loss:(1,408)(1,873)(2,458)(8,038)(6,445)(8,216)
Nonoperating income (expense)1,850(233)(68)(38)12,700(34,566)
Investment income, nonoperating   11   
Interest and debt expense1,989   1,5657,847
Income (loss) from continuing operations before equity method investments, income taxes:2,431(2,106)(2,526)(8,076)7,820(34,935)
Other undisclosed loss from continuing operations before income taxes(1,989)   (1,565) 
Income (loss) from continuing operations before income taxes:442(2,106)(2,526)(8,076)6,255(34,935)
Other undisclosed loss from continuing operations      (7,847)
Income (loss) from continuing operations:442(2,106)(2,526)(8,076)6,255(42,782)
Income (loss) before gain (loss) on sale of properties:✕✕✕✕✕6,255(42,782)
Loss from discontinued operations(408)(1,719)(11,738)   
Net income (loss) attributable to parent:34(3,824)(14,265)(8,076)6,255(42,782)
Preferred stock dividends and other adjustments(731)(310)(559)(418)(2,650)(19,223)
Other undisclosed net income available to common stockholders, basic800     
Net income (loss) available to common stockholders, basic:103(4,135)(14,823)(8,494)3,605(62,005)
Dilutive securities, effect on basic earnings per share     700 
Other undisclosed net income (loss) available to common stockholders, diluted(207)   1,950 
Net income (loss) available to common stockholders, diluted:(103)(4,135)(14,823)(8,494)6,255(62,005)

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 income (loss):34(3,824)(14,265)(8,076)6,255(42,782)
Comprehensive income (loss), net of tax, attributable to parent:34(3,824)(14,265)(8,076)6,255(42,782)

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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