TKLS · Trutankless, Inc. · Financials
Substantial doubt about the company's ability to continue as a going concern.
“Management evaluated all relevant conditions and events that are reasonably known or reasonably knowable, in the aggregate, as of the date the condensed consolidated financial statements are issued and determined that substantial doubt exists about the Company's ability to continue as a going concern. The Company's ability to continue as a going concern is dependent on the Company's ability to generate revenues and raise capital. The Company has not generated sufficient revenues from product sales to provide sufficient cash flows to enable the Company to finance its operations internally. As of June 30, 2026, the Company had $13,133 cash on hand. On June 30, 2026, the Company had an accumulated deficit of $87,168,842. For the six months ended June 30, 2026, the Company had a net loss of $5,316,163, and cash used in operations of $491,646. These factors raise substantial doubt about the Company's ability to continue as a going concern within one year from the date of filing.”View the 10-Q filed Aug 19, 2026
Income-statement, balance-sheet and cash-flow figures from SEC filings, plus a debt profile anchored in the latest 10-K and updated by each 10-Q and debt exhibit.
Chart any reported metric, KPI or segment over time — the full statement history lives here
| Line Item | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| $2.04M | $1.08M | $242.35K | $3549 | $73.01K | $246.03K | $1.66M | $1.91M | $1.54M | $695.86K | $429.58K | $265.5K | $238.91K | — | — | — | — | |
| $1.37M | $1.04M | $279.36K | $0 | $466.94K | $127.67K | $1.3M | $1.73M | $1.7M | -$530.59K | $490.28K | $343K | $440.33K | — | — | — | — | |
| $664.7K | $42.02K | -$37.01K | $3549 | -$393.93K | $118.36K | $356.33K | $177.39K | -$165.65K | $165.26K | -$60.69K | -$77.5K | -$201.42K | — | — | — | — | |
| — | 3.88% | -15.27% | 100% | -539.57% | 48.11% | 21.45% | 9.29% | -10.77% | 23.75% | -14.13% | -29.19% | -84.31% | — | — | — | — | |
| $226.35K | $163.54K | $432.85K | $432.63K | $255.09K | $211.03K | $187.58K | $417.16K | $216.07K | $165.22K | — | $318.72K | $876.78K | $301.8K | $45.55K | $59.53K | — | |
| $1.2M | $908.83K | $785.36K | $463.72K | $3.32M | $10.6M | $6.79M | $2.84M | $1.38M | $1.71M | $1.03M | $1.69M | $1.56M | $129.79K | $47.93K | $22.66K | $36.33K | |
| — | — | — | — | $683 | $10.62M | $6.79M | — | — | — | — | — | — | — | — | — | — | |
| $19.53K | — | — | — | — | — | — | — | — | — | — | $19.53K | $17.91K | $3255 | — | — | — | |
| $94.88K | $80.47K | $3845 | $0 | $12.62K | $12.58K | $272 | $950 | $5035 | $4379 | $27.27K | $23.58K | — | — | — | — | — | |
| $5.28M | $3.61M | $5.18M | $1.35M | $3.77M | $11.15M | $7.25M | $3.52M | $2.73M | $2.57M | $2.83M | $4.45M | $6.01M | $3.15M | $1.13M | $588.29K | $1.02M | |
| -$4.61M | -$3.57M | -$5.22M | -$1.34M | -$4.16M | -$11.04M | -$6.89M | -$3.34M | $2.89M | — | — | — | — | — | — | — | — | |
| — | -329.72% | -2153.93% | -37823.84% | -5698.13% | -4485.32% | -414.78% | -175.19% | 188.17% | — | — | — | — | — | — | — | — | |
| -$4.52M | -$3.49M | -$5.22M | -$1.34M | -$4.15M | -$11.02M | -$6.89M | -$3.34M | $2.9M | — | — | — | — | — | — | — | — | |
| $950.07K | $899.2K | $575.66K | $763.58K | $613.27K | $5.01M | $1.71M | $1.39M | $641.62K | $467.16K | $383.64K | $39.72K | $205 | $258 | -$3100 | -$28.5K | — | |
| -$2.61M | -$1.18M | -$4.97M | -$808.11K | -$597.43K | -$5.98M | -$3.68M | — | — | -$467.16K | -$383.45K | $238.24K | — | — | — | — | — | |
| — | — | — | -$2.15M | -$4.76M | -$17.01M | -$10.57M | -$4.89M | -$3.54M | — | — | -$4.29M | -$7.04M | -$3.2M | — | — | — | |
| — | — | — | $0 | $0 | $0 | $0 | $0 | $0 | — | — | — | — | — | — | — | — | |
| -$7.23M | -$4.75M | -$10.19M | -$2.15M | -$4.78M | -$17.38M | -$10.57M | -$4.89M | -$3.54M | -$2.87M | -$3.27M | -$4.29M | -$7.22M | -$1.96M | -$1.17M | — | — | |
| — | -438.71% | -4203.05% | -60593.8% | -6552.71% | -7064.03% | -636.08% | -256.36% | -229.89% | -412.72% | -761.86% | -1617.06% | -3021.17% | — | — | — | — | |
| USD/shares | -$0.96 | — | — | — | — | — | — | — | -$0.88 | -$0.88 | -$1.20 | -$1.84 | -$4.08 | -$3.04 | -$1.36 | -$1.36 | -$23.84 |
| USD/shares | -$0.05 | -$0.04 | -$0.11 | -$0.08 | — | — | — | — | — | — | — | — | — | — | — | — | — |
| shares | — | 132.21M | 88.73M | 28.44M | — | — | 7.52M | 4.95M | 3.84M | 3.14M | 2.64M | 2.3M | 1.78M | 1.05M | 848.64K | 489.64K | 42.83K |
Capital Returned to Shareholders
Cash spent on share repurchases and dividends per fiscal year, as reported on the cash-flow statement. Across FY2017–FY2018: $84K in buybacks, $11.4K in dividends.
Debt Profile
Reported borrowing balances, repayment dates and agreement terms, with links to the underlying filings.
Reported debt balances
Each amount keeps its reported scope. Related balance-sheet measures appear under the borrowing they describe.
| Reported balance | As of | Amount | Source |
|---|---|---|---|
| Notes payable, including current maturities | 2026-06-30 | USD 572,950 | 10-Q filed 2026-08-19 |
Related accounting measures — not additional borrowingCarrying amounts can reflect issuance costs or discounts. Differences between these measures are not necessarily repayments due within a year.
| |||
| Operating lease liabilities | 2026-06-30 | USD 705,009 | 10-Q filed 2026-08-19 |
Related accounting measures — not additional borrowingCarrying amounts can reflect issuance costs or discounts. Differences between these measures are not necessarily repayments due within a year.
| |||
Covenants
Covenant terms have not yet been verified for this profile.
The balance figures do not establish whether covenants apply or whether the company complies with them.
Loans, facilities and notes
The instrument breakdown is not yet verified. Read the debt note in the linked report for borrowing terms and maturity conditions.
Price & Valuation
Multiples computed on the strict TTM/EV methodology — today's snapshot against peers, and each ratio recomputed as of past filing dates.
Valuation
Peer medians compare against the 11 similar-size Furnishings, Fixtures & Appliances companies (of 33 listed).