Trutankless, Inc.
Balance Sheet
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Cash & Equivalents | $21.6K | $1.0M | $21.5K | $79.5K | $20.8K | $151.6K | $4.3K | $9.7K |
| Accounts Receivable | $86.7K | $43.5K | $0 | $7.2K | $5.4K | $110.0K | $270.4K | $214.3K |
| Inventory | $1.6M | $350.9K | $0 | $118.0K | $119.4K | $24.7K | $107.0K | $403.3K |
| Total Current Assets | $1.8M | $3.0M | $26.5K | $93.0K | $184.6K | $871.7K | $754.8K | $854.4K |
| Property, Plant & Equipment | $405.3K | $188.1K | $0 | — | — | — | — | $1.2K |
| Goodwill | — | — | — | — | — | — | — | — |
| Intangible Assets (Excl. Goodwill) | — | — | — | — | — | — | — | — |
| Total Assets | $3.1M | $3.4M | $255.8K | $207.0K | $228.8K | $1.8M | $927.2K | $870.8K |
| Liabilities | ||||||||
| Accounts Payable | $753.1K | $725.7K | $915.3K | $1.1M | $888.5K | $129.7K | $1.2M | $1.2M |
| Total Current Liabilities | $12.4M | $8.9M | $7.4M | $3.5M | $3.8M | $3.3M | $3.9M | $2.3M |
| Long-Term Debt | — | $98.2K | $144.7K | $44.5K | $0 | $20.8K | $37.2K | — |
| Total Liabilities | $13.1M | $9.7M | $7.8M | $5.7M | $4.1M | $4.2M | $4.0M | $2.8M |
| Stockholders' Equity | ||||||||
| Retained Earnings | $-81.9M | $-77.1M | $-66.9M | $-64.8M | $-60.4M | $-43.0M | $-32.4M | $-27.5M |
| Total Stockholders' Equity | $-10.0M | $-6.3M | $-7.5M | $-5.5M | $-3.9M | $-2.4M | $-3.0M | $-2.0M |