Every 10-Q that TRANSPORTATION & LOGISTIC (TLSS) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, 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 & Logistics Systems, Inc. (TLSS) reports that for the quarter and six months ended June 30, 2026 it had no revenue, as all logistics and transportation operations were discontinued in February 2024. Continuing activities are limited to corporate, reporting and restructuring efforts while the company evaluates new business lines and acquisitions.
TLSS recorded a net loss of $320,975 for the quarter and $645,859 for the six months, compared with net income of $946,942 and $448,672 in the prior-year periods, which had included a large debt-extinguishment gain. Cash was $29,082 against current liabilities of $9,164,673, producing a working capital deficit of $9,134,091 and shareholders’ deficit of $21,280,731. The company discloses substantial doubt about its ability to continue as a going concern and remains insolvent, relying on small unsecured notes to fund filings and litigation while negotiating additional debt restructurings and pursuing a planned acquisition of Patriot Glass Solutions using $4.75 million of Series J preferred stock.
Transportation and Logistics Systems, Inc. (TLSS) reported another loss-making quarter with no operating revenue and a continued wind-down of its legacy logistics business. For the three months ended March 31, 2026, the company recorded a net loss of $324,884, narrower than the $498,270 loss a year earlier, driven mainly by lower legal and professional fees and reduced compensation costs.
Total assets were only $14,868, including cash of $11,118, against current liabilities of $8,549,385, leaving a shareholders’ deficit of $20,681,157 and an accumulated deficit of $147,765,531. Management states that TLSS is insolvent, has no operating business, and that these conditions raise substantial doubt about its ability to continue as a going concern.
The quarter also highlights a planned strategic pivot. On April 1, 2026, TLSS agreed to acquire 80% of Patriot Glass Solutions, LLC and four nanotechnology patents through a reverse triangular merger, for merger consideration of $4,750,000 payable in 47,500 shares of Series J Senior Convertible Preferred Stock. Closing is expected no later than June 1, 2026, subject to due diligence, delivery of PGS financial statements, landlord consents, and other customary conditions. TLSS describes a new primary strategy to build a safety and security technology platform via acquisitions, but there is no assurance it can successfully replace its discontinued businesses or achieve profitability.
Transportation and Logistics Systems, Inc. (TLSS) filed its quarterly report for the period ended September 30, 2025. The company reported no revenue as it ceased operations in February 2024, and continues to classify prior operating units as discontinued operations.
For the nine months, TLSS recorded net income of $441,087, driven largely by a gain on debt extinguishment, while posting a loss from discontinued operations. Cash was $43,683 and total assets were $47,433 at quarter-end. Shareholders’ deficit was $(19,674,143), with 5,889,437,474 common shares outstanding. The balance sheet includes $10,606,530 of Series J preferred stock recorded at redemption value as temporary equity.
Management states there is substantial doubt about TLSS’s ability to continue as a going concern given the lack of operations, working capital constraints, and the need for additional financing. The company has restructured certain obligations, converting notes, payables and accrued dividends into Series J preferred, which contributed to reported gains.