Transportation & Logistics Systems, Inc.
TLSSOTCIndustrials · Transportation Services · NV · SEC filings ↗ · Compare ⊕
View price & chart on Yahoo Finance ↗Financials
SEC XBRL · annual| FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | |
|---|---|---|---|---|---|---|
| Revenue | — | — | — | $7.7M | $5.5M | $25.8M |
| Operating income | −$1.4M | −$1.9M | −$2.5M | −$4.2M | −$6.4M | −$8.2M |
| Net income | $33,833 | −$3.8M | −$14.3M | −$8.1M | $6.3M | −$42.8M |
| Total assets | $17,335 | $178,936 | $2.2M | $21.3M | $9.5M | $3.5M |
| Total liabilities | $8.0M | $12.1M | $10.2M | $15.8M | $1.0M | $19.5M |
| Equity | −$20.1M | −$11.9M | −$8.0M | $5.5M | $8.5M | −$16.0M |
| EPS (diluted) | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $-0.08 |
| Shares out. | 5.89B | 5.89B | 3.66B | 3.19B | 1.75B | 306.4M |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2025- Operating margin
- —
- Net margin
- —
- Return on equity
- −0.2%
- Return on assets
- 195.2%
- Return on capital (ROCE)
- —
- Liabilities / assets
- 45869.2%
- Debt / equity
- —
- Book value / share
- $-0.00
- Revenue growth (YoY)
- —
- Net income growth (YoY)
- —
Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.
Financial health
forensic scores · FY2025- Altman Z″ (distress)
- -31226.58distress
- Accruals / assets
- 3001.2%high accruals
- Piotroski F-Score
- 2/7weak
Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.
Quality score
EDS ScoreOur own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast.
Signs
● 3 severe● 3 warning● 0 good- Negative shareholder equity
- Altman Z″ in the distress zone
- Filed a late-filing notice (Form NT) — missed an SEC deadline
- High leverage (liabilities > 70% of assets)
- Negative operating cash flow
- High accruals — earnings-quality risk
Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.
Risk flags
late SEC filings- NT 10-Kmissed a reporting deadline ↗Mar 31, 2025
- NT 10-Qmissed a reporting deadline ↗Nov 15, 2024
- NT 10-Qmissed a reporting deadline ↗Aug 15, 2024
- NT 10-Qmissed a reporting deadline ↗May 16, 2024
- NT 10-Kmissed a reporting deadline ↗Apr 1, 2024
- NT 10-Kmissed a reporting deadline ↗May 14, 2020
A Form NT means the company notified the SEC it would file a periodic report late — often an accounting, audit or liquidity warning sign. Also search SEC enforcement actions for this company.
Insider transactions
SEC Form 4 · most recent| Insider | Date | Type | Shares | Price |
|---|---|---|---|---|
| Newton Norman Francis Jr.Director | Sep 2, 2022 | Buy | 1.3M | $10235.70 |
| Benton Charles FDirector | Sep 1, 2022 | Buy | 428,500 | $2999.50 |
| Giordano James PaulOfficer — CFO | Sep 2, 2022 | Buy | 1.4M | $10000.00 |
| Giordano SebastianOfficer — President & CEO | Sep 2, 2022 | Buy | 1.4M | $9886.19 |
| Giordano James PaulOfficer — CFO | Mar 11, 2022 | Grant | 11.4M | $0.01 |
| Giordano SebastianOfficer — President & CEO | Mar 11, 2022 | Grant | 122.1M | $0.01 |
Headline trade per Form 4 (officers, directors, 10%+ owners). Buy/sell read from the filing's structured data — blank where a field isn't cleanly tagged.
Short interest
FINRA · bi-monthly| Settlement | Shares short | Days to cover | Δ vs prior |
|---|---|---|---|
| Apr 30, 2026 | 169,706 | 1.0 | -65.9% |
| Apr 15, 2026 | 497,950 | 1.0 | +100.0% |
| Dec 15, 2025 | 59,436 | 1.0 | +17.6% |
| Nov 28, 2025 | 50,548 | 1.0 | 0.0% |
| Nov 14, 2025 | 50,548 | 1.0 | 0.0% |
Shares sold short as reported to FINRA. Days-to-cover = short shares ÷ average daily volume — higher means more potential squeeze pressure.
Material events
SEC Form 8-K · most recent- Entered a material agreement · New financial obligationApr 28, 2026
- Entered a material agreementApr 7, 2026
- Entered a material agreement · New financial obligationJan 13, 2026
- Entered a material agreement · Unregistered equity sale · Director / officer changeDec 17, 2025
- Entered a material agreement · Unregistered equity saleOct 17, 2025
- Entered a material agreement · Unregistered equity saleSep 19, 2025
- Amended charter or bylawsSep 9, 2025
- Entered a material agreement · New financial obligation · Unregistered equity sale · Director / officer changeSep 2, 2025
Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.
Recent SEC filings
All filings ↗Event-driven situations (1)
Spot an error in this record? Report it. Every correction is verified against the source filing before we change anything.