TLSS
Transportation and Logistics Systems, Inc.0.0001
+0.0000+0%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '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
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.
8-K
Series J amendment filed
Transportation and Logistics Systems amended its Series J Senior Convertible Preferred Stock certificate on September 5, 2025, narrowing the Triggering Event definition to exclude pre-existing events or circumstances. Approved by the board and majority Series J holders, this tweak shields the company from past triggers. It streamlines preferred stock terms without altering core rights. No immediate financial impact disclosed.
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