Trutankless, Inc. (TKLS) financial statements (2020 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)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 1016287440
Cash and cash equivalents 1016287440
Receivables 2141291167354
Inventory, net of allowances, customer advances and progress billings 40315763223174
Inventory 40315763223174
Prepaid expense 22731822020630
Other undisclosed current assets  (84) 306530
Total current assets: 854684487811829
Noncurrent Assets
Property, plant and equipment 111659
Intangible assets, net (including goodwill) 12161981
Intangible assets, net (excluding goodwill) 12161981
Deferred costs     530
Other undisclosed noncurrent assets 32333(521)
Total noncurrent assets: 1619234768
TOTAL ASSETS: 871702510857898
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including: 1,172  663366
Accounts payable    621339
Employee-related liabilities    3828
Interest and dividends payable    40
Other undisclosed accounts payable and accrued liabilities 1,172    
Debt 53389490196128
Due to related parties 10939361129
Customer advances and deposits11  
Other undisclosed current liabilities 9841,55646232(125)
Total current liabilities: 2,3181,985988891498
Noncurrent Liabilities
Long-term debt and lease obligation 2271,083148233 
Long-term debt, excluding current maturities 2271,083148233 
Liabilities, other than long-term debt    233 
Due to related parties    233 
Other undisclosed noncurrent liabilities 282(932) (233) 
Total noncurrent liabilities: 509151148233 
Total liabilities: 2,8272,1361,1361,124498
Stockholders' equity
Stockholders' equity attributable to parent, including: (1,956)(1,434)(627)(267)400
Preferred stock 000  
Common stock 3528241917
Common stock, value, subscriptions 17854940  
Additional paid in capital 25,36421,98720,38316,76413,725
Accumulated deficit (27,533)(23,997)(21,073)(17,800) 
Other undisclosed stockholders' equity attributable to parent    750(13,342)
Total stockholders' equity: (1,956)(1,434)(627)(267)400
TOTAL LIABILITIES AND EQUITY: 871702510857898

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

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues 1,538696430266239
Other income   0278
Cost of revenue  (531)(490)(343)(449)
Cost of goods and services sold  (531)(490)(343)(440)
Other undisclosed gross profit (1,704)   9
Gross profit: (166)165(61)(77)(201)
Operating expenses (2,728)(2,570)(2,829)(4,454)(6,010)
Other operating income (expense), net 642   (827)
Other expenses     (827)
Other nonrecurring (income) expense 642    
Operating loss: (2,252)(2,405)(2,889)(4,532)(7,039)
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
  (467)(383)238 
Interest and debt expense (642)(467)(384)(0)(825)
Loss from continuing operations before equity method investments, income taxes: (2,894)(3,339)(3,656)(4,294)(7,864)
Other undisclosed income from continuing operations before income taxes    0825
Loss from continuing operations: (2,894)(3,339)(3,656)(4,293)(7,039)
Income from discontinued operations     179
Loss before gain (loss) on sale of properties: (2,894)(3,339)(3,656)(4,293)(6,860)
Other undisclosed net loss     (358)
Net loss: (2,894)(3,339)(3,656)(4,293)(7,218)
Other undisclosed net income (loss) attributable to parent (642)467384  
Net loss available to common stockholders, diluted: (3,536)(2,872)(3,273)(4,293)(7,218)

Comprehensive Income ($ in thousands)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net loss: (2,894)(3,339)(3,656)(4,293)(7,218)
Comprehensive loss, net of tax, attributable to parent: (2,894)(3,339)(3,656)(4,293)(7,218)

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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