Here are the 10-K annual reports from Transportation & Logistic (TLSS) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-K covers the audited annual report, with the full financial statements, so if you follow TLSS and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full TLSS filings page.
Transportation and Logistics Systems, Inc. (TLSS) filed its annual report showing it is now essentially a shell company with no operating business and continuing insolvency. All revenue-generating subsidiaries ceased operations by mid‑February 2024, with several placed into Chapter 7 bankruptcy and deconsolidated.
For 2025 TLSS reported net income of $33,833, driven almost entirely by a $1,988,931 gain on debt extinguishment, following a $3,824,470 net loss in 2024. As of March 27, 2026, cash was only $11,246 against a $7,934,095 working capital deficit, and the company states it will need additional financing just to meet SEC reporting costs.
The report emphasizes that TLSS meets the SEC definition of a shell company, faces major restrictions on Rule 144 resales and registered offerings, and trades thinly on the OTC markets. Dilution risk is extreme: as of March 30, 2026, about 11.0 billion shares of common stock were issuable upon conversion of outstanding Series J preferred stock, versus 5.89 billion shares outstanding. Numerous legacy legal matters are described, with several resolved via settlements paid in Series J preferred shares.