TLSS
Transportation and Logistics Systems, Inc.0.0001
+0.0000+0%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
No earnings call transcript available
Key Stats
Market Cap
588.94KP/E (TTM)
-Basic EPS (TTM)
0.00Dividend Yield
0%Recent Filings
8-K
Issues $75K note for compliance
Transportation and Logistics Systems issued an unsecured $75,000 promissory note to C/M Capital Master Fund on January 9, 2026, carrying 10% interest due in six months. Funds target S-1 registration for Series J preferred stock resale, SEC/OTC filings, tax compliance, transfer agent costs, and routine legal fees. Default triggers steep 5% monthly penalties. Short-term bridge, yet risky.
8-K
CEO debt settled with preferred stock
Transportation and Logistics Systems settled $1,400,711.62 owed to CEO Sebastian Giordano with 10,007 shares of Series J Preferred Stock on December 15, 2025, clearing past liabilities without cash outlay. A retention agreement ties up to $500,000 in bonuses to financings raising at least $1M then $2.5M by year-end 2026. Leadership stays intact amid distress.
10-Q
Q3 FY2025 results
No revenue from continuing operations for Q3 ended September 30, 2025, with operating loss shrinking 4% y/y to $395K on lower compensation and legal fees, while $532K gain on debt extinguishment flipped operations positive. YTD continuing ops swung to $757K profit (vs $1.6M loss) via $2M debt gains from converting notes, payables, and preferred into Series J preferred (96K shares outstanding, $10.6M redemption value). Cash fell to $44K amid $459K ops burn; all debt cleared via conversions. Discontinued ops lost $130K (flat y/y). Series J dilution looms large.
8-K
TLSS settles debts with preferred stock
Transportation and Logistics Systems settled $378,491.25 in outstanding liabilities on October 15, 2025, by issuing 3,785 shares of Series J Senior Convertible Preferred Stock to creditors. This debt-for-equity swap, conditioned on exchanging at least 50% of Series E and G preferred shares—which was met—eases immediate cash pressures while adding senior claims with 10% dividends and $0.001 conversion price. Yet insolvency lingers.
8-K
Debt settled via preferred stock
Transportation and Logistics Systems settled $50,274 in outstanding liabilities with a creditor by issuing 503 shares of Series J Senior Convertible Preferred Stock on September 15, 2025, converting debt into equity amid insolvency. This move clears immediate obligations but adds preferred claims with 10% dividends and $0.001 conversion price, while the company has ceased operations and struggles with reporting. Debt swaps like this preserve cash—yet.
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