Transportation and Logistics Systems, Inc.
Balance Sheet
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Cash & Equivalents | $15.8K | $177.3K | $218.2K | $1.5M | $6.1M | $579.3K | $50.0K | $296.2K |
| Accounts Receivable | — | — | — | $2.1M | $481.7K | $372.9K | $963.8K | $441.5K |
| Inventory | — | — | — | — | — | — | — | — |
| Total Current Assets | $17.3K | $178.9K | $2.2M | $4.1M | $6.7M | $1.4M | $2.3M | $1.6M |
| Property, Plant & Equipment | — | — | — | $1.6M | $577.2K | $472.7K | $240.4K | $936.8K |
| Goodwill | — | — | — | $2.1M | — | — | — | — |
| Intangible Assets (Excl. Goodwill) | — | — | — | $4.6M | $2.2M | — | — | $4.7M |
| Total Assets | $17.3K | $178.9K | $2.2M | $21.3M | $9.5M | $3.5M | $4.3M | $7.2M |
| Liabilities | ||||||||
| Accounts Payable | $335.6K | $1.2M | $852.0K | $146.6K | $312.8K | $465.6K | $1.5M | $655.2K |
| Total Current Liabilities | $8.0M | $12.1M | $10.2M | $8.5M | $1.0M | $18.0M | $15.8M | $14.5M |
| Long-Term Debt | — | — | — | $5.8M | — | — | — | — |
| Total Liabilities | $8.0M | $12.1M | $10.2M | $15.8M | $1.0M | $19.5M | $17.2M | $14.9M |
| Stockholders' Equity | ||||||||
| Retained Earnings | $-147.2M | $-146.5M | $-142.3M | $-127.5M | $-119.0M | $-122.6M | $-60.6M | $-15.2M |
| Total Stockholders' Equity | $-20.1M | $-11.9M | $-8.0M | $5.5M | $8.5M | $-16.0M | $-12.9M | $-7.7M |