TLSS · Transportation & Logistics Systems, Inc. · Financials
Substantial doubt about the company's ability to continue as a going concern.
“Our consolidated financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the settlement of liabilities and commitments in the normal course of business. As reflected in the accompanying unaudited consolidated financial statements, we had a net loss of $645,859 for the six months ended June 30, 2026. The net cash used in operations was $161,753 and $389,686 for the six months ended June 30, 2026 and 2025, respectively. Additionally, we had an accumulated deficit and working capital deficit of $148,365,105 and $9,134,091 on June 30, 2026, respectively. These factors, in addition to the cessation of all operations, raise substantial doubt about our ability to continue as a going concern for a period of twelve months from the date of this Quarterly Report.”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 | FY2012 | FY2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| $18.98M | — | — | — | $7.74M | $5.5M | $25.83M | $31.36M | $13.62M | $1.3M | — | — | — | — | — | |
| $10.62M | — | — | — | $5.22M | $5.41M | $23.28M | $28.75M | $12.79M | $992.51K | — | — | — | — | — | |
| $5.12M | — | — | — | $2.53M | $87K | $2.54M | $2.6M | $834.74K | $308.82K | — | — | — | — | — | |
| — | — | — | — | 32.64% | 1.58% | 9.84% | 8.3% | 6.13% | 23.73% | — | — | — | — | — | |
| $18.23K | $19.98K | $129.48K | $353.39K | $265.19K | $1.12M | $814.31K | $2.79M | $1.36M | $142.23K | $176.99K | $175.73K | $91.89K | $15.55K | $17.16K | |
| — | — | $0 | $0 | $935.59K | $469.84K | $0 | $826.07K | $567.18K | $0 | $9934 | $8768 | — | — | — | |
| $1.78M | — | — | — | $1.13M | $685.64K | $102.11K | $969.89K | $664.35K | — | $10.86K | $9762 | $2911 | — | — | |
| $1.15M | $1.41M | $1.87M | $2.46M | $4.21M | $6.53M | $10.76M | $22.89M | $7.9M | $441.86K | — | — | — | — | — | |
| — | — | — | — | — | — | — | — | — | $6219 | — | — | — | — | — | |
| -$1.15M | -$1.41M | -$1.87M | -$2.46M | -$4.21M | -$6.45M | -$8.22M | -$20.29M | -$7.07M | -$133.04K | -$1.27M | -$1M | -$291.4K | — | — | |
| — | — | — | — | -54.42% | -117.29% | -31.81% | -64.71% | -51.9% | -10.22% | — | — | — | — | — | |
| -$1.44M | — | — | — | -$3.08M | -$5.76M | -$8.11M | -$19.32M | -$6.4M | — | -$1.26M | -$993.86K | -$288.49K | — | — | |
| — | — | — | $992 | $31.17K | — | — | — | — | — | — | — | — | — | — | |
| $487.22K | $1.85M | -$232.71K | -$68.06K | $82.83K | $12.7M | -$34.57M | -$23.89M | -$7.51M | -$611.77K | — | — | — | — | — | |
| -$659.97K | $441.64K | -$2.11M | -$2.53M | -$4.13M | $6.25M | -$42.78M | — | — | — | — | — | — | — | — | |
| — | — | — | — | — | — | — | — | — | — | — | — | $0 | — | — | |
| -$1.06M | $33.83K | -$3.82M | -$14.26M | -$8.08M | $6.25M | -$42.78M | -$44.86M | -$14.48M | -$744.81K | -$1.26M | -$1M | -$291.4K | -$15.55K | -$17.32K | |
| — | — | — | — | -104.28% | 113.82% | -165.65% | -143.08% | -106.3% | -57.23% | — | — | — | — | — | |
| -$2.13M | $103.31K | -$4.13M | -$14.82M | -$8.49M | $3.6M | -$62.01M | -$45.85M | -$14.48M | — | — | — | — | — | — | |
| USD/shares | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | -$400.00 | — | — | — | — | — | — | — | — |
| USD/shares | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | -$400.00 | — | — | — | — | — | — | — | — |
| shares | — | 1.18M | 1.11M | 808.77K | 672K | 468.38K | 150.36K | 1912.2372 | 503.2118 | 108.4962 | 5353.4566 | 13.15K | 11.63K | 21.21K | 27.81K |
| shares | — | 1.18M | 1.11M | 808.77K | 672K | 745.63K | 150.36K | 1912.2372 | 503.2118 | 108.4962 | 5353.4566 | 13.15K | 11.63K | — | — |
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 175,000 | 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 9 similar-size Integrated Freight & Logistics companies (of 31 listed).