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
TTM
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 410162874
Cash and cash equivalents 410162874
Receivables 27021412911673
Inventory, net of allowances, customer advances and progress billings 10740315763223
Inventory 10740315763223
Prepaid expense 373227318220206
Other undisclosed current assets   (84) 306
Total current assets: 755854684487811
Noncurrent Assets
Finance lease, right-of-use asset 50
Property, plant and equipment  1116
Intangible assets, net (including goodwill)  1216198
Intangible assets, net (excluding goodwill)  1216198
Prepaid expense 108    
Other noncurrent assets 14    
Other undisclosed noncurrent assets  32333
Total noncurrent assets: 17216192347
TOTAL ASSETS: 927871702510857
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including: 1,1891,172  663
Accounts payable     621
Employee-related liabilities     38
Interest and dividends payable     4
Other undisclosed accounts payable and accrued liabilities 1,1891,172   
Debt 42753389490196
Derivative instruments and hedges, liabilities 614    
Due to related parties 8810939361
Customer advances and deposits11 
Other undisclosed current liabilities 1,5839841,55646232
Total current liabilities: 3,9012,3181,985988891
Noncurrent Liabilities
Long-term debt and lease obligation 542271,083148233
Long-term debt, excluding current maturities 172271,083148233
Operating lease, liability 37
Liabilities, other than long-term debt     233
Due to related parties     233
Other undisclosed noncurrent liabilities (37)282(932) (233)
Total noncurrent liabilities: 54509151148233
Total liabilities: 3,9552,8272,1361,1361,124
Stockholders' equity
Stockholders' equity attributable to parent, including: (3,028)(1,956)(1,434)(627)(267)
Preferred stock 0000 
Common stock 4535282419
Common stock, value, subscriptions 42517854940 
Additional paid in capital 28,92825,36421,98720,38316,764
Accumulated deficit (32,426)(27,533)(23,997)(21,073)(17,800)
Other undisclosed stockholders' equity attributable to parent     750
Total stockholders' equity: (3,028)(1,956)(1,434)(627)(267)
TOTAL LIABILITIES AND EQUITY: 927871702510857

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

9/30/2020
TTM
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues 1,9091,538696430266
Other income    0278
Cost of revenue
(Cost of Goods and Services Sold)
 (1,731) (531)(490)(343)
Other undisclosed gross profit  (1,704)   
Gross profit: 177(166)165(61)(77)
Operating expenses (3,521)(2,728)(2,570)(2,829)(4,454)
Other operating income, net
(Other Nonrecurring (Income) Expense)
 1,549642   
Other undisclosed operating income 5,138    
Operating income (loss): 3,344(2,252)(2,405)(2,889)(4,532)
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
   (467)(383)238
Interest and debt expense (1,393)(642)(467)(384)(0)
Income (loss) from continuing operations before equity method investments, income taxes: 1,951(2,894)(3,339)(3,656)(4,294)
Other undisclosed income (loss) from continuing operations before income taxes (6,844)   0
Net loss: (4,893)(2,894)(3,339)(3,656)(4,293)
Other undisclosed net income (loss) attributable to parent  (642)467384 
Net loss available to common stockholders, diluted: (4,893)(3,536)(2,872)(3,273)(4,293)

Comprehensive Income ($ in thousands)

9/30/2020
TTM
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net loss: (4,893)(2,894)(3,339)(3,656)(4,293)
Comprehensive loss, net of tax, attributable to parent: (4,893)(2,894)(3,339)(3,656)(4,293)

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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