TRUTANKLESS, INC.
Income Statement
| Line Item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue | — | $1.1M | $242.4K | $3.5K | $73.0K | $246.0K | $1.7M | $1.9M |
| Cost of Revenue | — | $1.0M | $279.4K | $0 | $466.9K | $127.7K | $1.3M | $1.7M |
| Gross Profit | — | $42.0K | $-37.0K | $3.5K | $-393.9K | $118.4K | $356.3K | $177.4K |
| Gross Margin | — | 3.9% | -15.3% | 100.0% | -539.6% | 48.1% | 21.4% | 9.3% |
| Operating Expenses | ||||||||
| Research & Development | — | $163.5K | $432.8K | $432.6K | $255.1K | $211.0K | $187.6K | $417.2K |
| SG&A Expense | — | $908.8K | $785.4K | $463.7K | $683 | $10.6M | $6.8M | $2.8M |
| Operating Income | — | $-3.6M | $-5.2M | $-1.3M | $-4.2M | $-11.0M | $-6.9M | $-3.3M |
| Operating Margin | — | -329.7% | -2,153.9% | -37,823.8% | -5,698.1% | -4,485.3% | -414.8% | -175.2% |
| Interest Expense | — | $899.2K | $575.7K | $763.6K | $613.3K | $5.0M | $1.7M | $1.4M |
| Pretax Income | — | — | — | $-2.2M | $-4.8M | $-17.0M | $-10.6M | $-4.9M |
| Income Tax Expense | — | — | — | $0 | $0 | $0 | $0 | $0 |
| Net Income | — | $-4.8M | $-10.2M | $-2.2M | $-4.8M | $-17.4M | $-10.6M | $-4.9M |
| Net Margin | — | -438.7% | -4,203.1% | -60,593.8% | -6,552.7% | -7,064.0% | -636.1% | -256.4% |
| EPS (Basic) | — | — | — | — | — | — | $-0.06 | $-0.04 |
| EPS (Diluted) | — | $-0.04 | $-0.11 | $-0.03 | — | — | $-0.06 | $-0.04 |
| Shares Outstanding (Basic) | 141.2M | 132.2M | 88.7M | 85.3M | 61.1M | 60.7M | 180.5M | 118.8M |
| Shares Outstanding (Diluted) | 141.2M | 132.2M | 88.7M | 85.3M | 61.1M | 60.7M | 180.5M | 118.8M |
| Dividends Per Share | — | — | — | — | — | — | — | — |