Transportation & Logistics Systems, Inc. (TLSS) Financial Statements (2025 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)
| 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 | 218 | 1,471 | 6,068 | 579 | 50 | 296 | |||
| Cash and cash equivalent | 218 | 1,471 | 6,068 | 579 | 50 | 296 | |||
| Receivables | 2,059 | 482 | 373 | 964 | 776 | ||||
| Disposal group, including discontinued operation | 1,857 | ||||||||
| Other undisclosed current assets | 84 | 613 | 197 | 443 | 1,247 | 511 | |||
| Total current assets: | 2,160 | 4,143 | 6,747 | 1,396 | 2,260 | 1,583 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 8,457 | 1,445 | 1,750 | ✕ | |||||
| Property, plant and equipment | 1,607 | 577 | 599 | 240 | 937 | ||||
| Intangible assets, net (including goodwill) | 6,708 | 2,177 | 4,668 | ||||||
| Goodwill | 2,106 | ||||||||
| Intangible assets, net (excluding goodwill) | 4,602 | 2,177 | 4,668 | ||||||
| Other undisclosed noncurrent assets | 377 | 33 | 94 | 77 | 5 | ||||
| Total noncurrent assets: | 17,149 | 2,788 | 2,138 | 2,067 | 5,610 | ||||
| TOTAL ASSETS: | 2,160 | 21,292 | 9,535 | 3,534 | 4,328 | 7,193 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 927 | 1,310 | 625 | 2,451 | 3,032 | 2,095 | |||
| Employee-related liabilities | ✕ | ✕ | ✕ | 99 | 922 | 887 | 458 | ||
| Accounts payable | 852 | 473 | 313 | 1,104 | 1,517 | 1,064 | |||
| Accrued liabilities | 75 | 837 | 213 | 425 | 628 | 572 | |||
| Debt | 4,953 | 979 | 2,758 | 1,510 | |||||
| Derivative instruments and hedges, liabilities | 4,181 | 2,136 | 7,889 | ||||||
| Disposal group, including discontinued operation | 7,044 | ||||||||
| Due to related parties | ✕ | ✕ | 500 | 325 | 275 | ||||
| Other undisclosed current liabilities | 2,186 | 2,284 | 381 | 9,895 | 7,523 | 2,738 | |||
| Total current liabilities: | 10,157 | 8,547 | 1,006 | 18,007 | 15,774 | 14,506 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 831 | 12 | 1,540 | 1,440 | 424 | ||||
| Long-term debt, excluding current maturities | 831 | 12 | 438 | 424 | |||||
| Liabilities, other than long-term debt | 6,414 | ||||||||
| Operating lease, liability | 6,414 | 1,103 | 1,440 | ✕ | |||||
| Other undisclosed noncurrent liabilities | (1,103) | ||||||||
| Total noncurrent liabilities: | 7,245 | 12 | 1,540 | 1,440 | 424 | ||||
| Total liabilities: | 10,157 | 15,792 | 1,019 | 19,547 | 17,214 | 14,930 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | (7,997) | 5,500 | 8,516 | (16,013) | (12,886) | (7,737) | |||
| Preferred stock | 4 | ||||||||
| Common stock | 4,481 | 3,637 | 2,927 | 1,734 | 12 | 4 | |||
| Additional paid in capital | 129,854 | 129,373 | 124,605 | 104,873 | 47,716 | 7,477 | |||
| Accumulated deficit | (142,333) | (127,510) | (119,016) | (122,621) | (60,616) | (15,223) | |||
| Other undisclosed equity, attributable to parent | 1 | 1 | 1 | 1 | 2 | ||||
| Total equity: | (7,997) | 5,500 | 8,516 | (16,013) | (12,886) | (7,737) | |||
| TOTAL LIABILITIES AND EQUITY: | 2,160 | 21,292 | 9,535 | 3,534 | 4,328 | 7,193 | |||
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 | 7,744 | 5,495 | 25,827 | 31,356 | 18,119 | |||
| Cost of revenue | (5,217) | (5,408) | (23,284) | (28,753) | (16,224) | |||
| Gross profit: | 2,528 | 87 | 2,542 | 2,603 | 1,895 | |||
| Operating expenses | (2,458) | (10,566) | (6,532) | (10,758) | (22,894) | (8,863) | ||
| Operating loss: | (2,458) | (8,038) | (6,445) | (8,216) | (20,291) | (6,969) | ||
| Nonoperating income (expense) | (68) | (38) | 12,700 | (34,566) | (23,892) | (7,509) | ||
| Investment income, nonoperating | 11 | |||||||
| Other nonoperating expense | (7,509) | |||||||
| Interest and debt expense | 1,565 | 7,847 | (1,164) | (1,720) | ||||
| Income (loss) from continuing operations before equity method investments, income taxes: | (2,526) | (8,076) | 7,820 | (34,935) | (45,347) | (16,198) | ||
| Other undisclosed loss from continuing operations before income taxes | (1,565) | |||||||
| Income (loss) from continuing operations before income taxes: | (2,526) | (8,076) | 6,255 | (34,935) | (45,347) | (16,198) | ||
| Other undisclosed income (loss) from continuing operations | (7,847) | 1,164 | ||||||
| Income (loss) from continuing operations: | (2,526) | (8,076) | 6,255 | (42,782) | (44,183) | (16,198) | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | 6,255 | (42,782) | (44,864) | (16,198) | |
| Loss from discontinued operations | (11,738) | (681) | ||||||
| Net income (loss): | (14,265) | (8,076) | 6,255 | (42,782) | (44,864) | (16,198) | ||
| Other undisclosed net income attributable to parent | 1,720 | |||||||
| Net income (loss) attributable to parent: | (14,265) | (8,076) | 6,255 | (42,782) | (44,864) | (14,478) | ||
| Preferred stock dividends and other adjustments | (559) | (418) | (2,650) | (19,223) | (982) | |||
| Net income (loss) available to common stockholders, basic: | (14,823) | (8,494) | 3,605 | (62,005) | (45,846) | (14,478) | ||
| Dilutive securities, effect on basic earnings per share | 700 | |||||||
| Other undisclosed net income available to common stockholders, diluted | 1,950 | |||||||
| Net income (loss) available to common stockholders, diluted: | (14,823) | (8,494) | 6,255 | (62,005) | (45,846) | (14,478) | ||
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 income (loss): | (14,265) | (8,076) | 6,255 | (42,782) | (44,864) | (16,198) | ||
| Comprehensive income (loss), net of tax, attributable to parent: | (14,265) | (8,076) | 6,255 | (42,782) | (44,864) | (16,198) | ||
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.