Company research
Transportation & Logistics Systems, Inc.
CIK 1463208Updated Nov 6, 2026
SecurityTLSS · OTC · equity
Name history
PETROTERRA CORP. · through Jul 10, 2018LORAN CONNECTION CORP · through Jan 17, 2012
TLSS price & chart
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Recent filings
10-Q filing
Entry into a Material Definitive Agreement · Completion of Acquisition or Disposition of Assets · Unregistered Sales of Equity Securities · Material Modification to Rights of Security Holders · Changes in Control of Registrant · Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year · Amendments to the Registrant's Code of Ethics, or Waiver of a Provision of the Code of Ethics · Change in Shell Company Status · Regulation FD Disclosure
Items 1.01, 2.01, 3.02, 3.03, 5.01, 5.02, 5.03, 5.05, 5.06, 7.01, 9.01
Entry into a Material Definitive Agreement · Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement
Items 1.01, 2.03, 9.01
Material Modification to Rights of Security Holders · Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year
Items 3.03, 5.03, 9.01
Entry into a Material Definitive Agreement
Items 1.01, 9.01
Show 5 more recent filings
Entry into a Material Definitive Agreement
Items 1.01, 9.01
10-Q filing
NT 10-Q filing
Submission of Matters to a Vote of Security Holders
Items 5.07
Other Events
Items 8.01, 9.01
Financials
FY 2025 · USDSource
Source
Source
Source
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balance sheet · annual statements
| Line item | Q3 2025 | Q3 2024 | Q2 2026 | Q2 2025 | Q2 2024 | Q1 2026 | Q1 2025 | Q1 2024 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ASSETS | ||||||||||||
| AssetsUSD | 47,433Source | 184,409Source | 30,582Source | 64,490Source | 198,460Source | 14,868Source | 224,371Source | 272,386Source | 17,335Source | 178,936Source | 2,159,766Source | 21,292,126Source |
| Property, Plant and Equipment, NetUSD | — | — | — | — | — | — | — | — | — | — | — | 1,607,212Source |
| GoodwillUSD | — | — | — | — | — | — | — | — | — | — | — | 2,105,879Source |
| Current assets: | ||||||||||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 43,683Source | 181,032Source | 29,082Source | 62,571Source | 194,113Source | 11,118Source | 220,202Source | 185,322Source | 15,835Source | 177,257Source | — | 1,470,807Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | — | — | — | — | — | — | — | — | — | — | — | 2,059,326Source |
| Assets, CurrentUSD | 47,433Source | 184,409Source | 30,582Source | 64,490Source | 198,460Source | 14,868Source | 224,371Source | 272,386Source | 17,335Source | 178,936Source | 2,159,766Source | 4,143,168Source |
| Prepaid Expense and Other Assets, CurrentUSD | 3,750Source | 3,150Source | 1,500Source | 1,500Source | 3,574Source | 3,750Source | 3,750Source | 19,553Source | 1,500Source | 1,260Source | 84,421Source | 613,035Source |
| Operating Lease, Right-of-Use AssetUSD | — | — | — | — | — | — | — | — | — | — | — | 8,457,083Source |
| LIABILITIES AND EQUITY | ||||||||||||
| LiabilitiesUSD | 9,115,046Source | 11,421,785Source | 9,164,673Source | 8,979,141Source | 10,807,427Source | 8,549,385Source | 12,691,648Source | 10,264,625Source | 7,951,430Source | 12,070,953Source | 10,157,202Source | 15,792,064Source |
| Stockholders’ equity: | ||||||||||||
| Common Stock, Value, IssuedUSD | 5,889,437Source | 5,889,437Source | 5,889,437Source | 5,889,437Source | 5,677,979Source | 5,889,437Source | 5,889,437Source | 5,177,979Source | 5,889,437Source | 5,889,437Source | 4,481,102Source | 3,636,692Source |
| Additional Paid in CapitalUSD | 120,934,903Source | 128,686,122Source | 121,194,905Source | 122,007,250Source | 128,840,500Source | 121,194,905Source | 128,686,122Source | 129,307,278Source | 121,194,905Source | 128,686,122Source | 129,854,231Source | 129,372,841Source |
| Retained Earnings (Accumulated Deficit)USD | -146,498,515Source | -145,813,395Source | -148,365,105Source | -146,237,050Source | -145,127,912Source | -147,765,531Source | -147,043,296Source | -144,477,980Source | -147,165,109Source | -146,468,036Source | -142,333,298Source | -127,510,099Source |
| Stockholders' Equity Attributable to ParentUSD | -19,674,143Source | -11,237,376Source | -21,280,731Source | -18,340,331Source | -10,608,967Source | -20,681,157Source | -12,467,277Source | -9,992,239Source | -20,080,735Source | -11,892,017Source | -7,997,436Source | 5,500,062Source |
| Liabilities and EquityUSD | 47,433Source | 184,409Source | 30,582Source | 64,490Source | 198,460Source | 14,868Source | 224,371Source | 272,386Source | 17,335Source | 178,936Source | 2,159,766Source | 21,292,126Source |
| Current liabilities: | ||||||||||||
| Liabilities, CurrentUSD | 9,115,046Source | 11,421,785Source | 9,164,673Source | 8,979,141Source | 10,807,427Source | 8,549,385Source | 12,691,648Source | 10,264,625Source | 7,951,430Source | 12,070,953Source | 10,157,202Source | 8,546,628Source |
| Operating Lease, Liability, CurrentUSD | — | — | — | — | — | — | — | — | — | — | — | 2,081,099Source |
| Accounts Payable, CurrentUSD | 489,547Source | 1,066,763Source | 344,847Source | 862,358Source | 979,789Source | 346,631Source | 1,168,208Source | 943,432Source | 335,640Source | 1,167,795Source | 852,005Source | 472,701Source |
| Operating Lease, Liability, NoncurrentUSD | — | — | — | — | — | — | — | — | — | — | — | 6,413,937Source |
| Additional Financial Items | ||||||||||||
| Accrued Liabilities, CurrentUSD | — | — | 1,226,130Source | — | — | 943,798Source | — | — | — | — | — | 837,170Source |
| Dividends PayableUSD | — | — | — | — | — | — | — | — | — | — | — | 385,009Source |
| Long-term DebtUSD | — | — | — | — | — | — | — | — | — | — | — | 5,784,577Source |
cash flow · annual statements
| Line item | Q4 2025 | Q4 2024 | Q3 2025 | Q3 2024 | Q2 2026 | Q2 2025 | Q1 2026 | Q1 2025 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Depreciation, Depletion and AmortizationUSD | — | — | — | — | — | — | — | — | — | — | — | 1,134,037Source |
| Share-based Payment Arrangement, Noncash ExpenseUSD | — | — | — | — | — | — | — | — | 40,000Source | 111,949Source | 428,146Source | 1,386,570Source |
| Changes in operating assets and liabilities: | ||||||||||||
| Increase (Decrease) in Accounts ReceivableUSD | — | — | — | — | — | — | — | — | — | -636,647Source | -991,985Source | -450,715Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | — | — | — | — | — | — | -79,717Source | -182,055Source | -486,422Source | -386,699Source | -2,812,443Source | -3,422,359Source |
| Cash flows from investing activities: | ||||||||||||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | — | — | — | — | — | — | — | — | — | — | -770,759Source | -1,384,633Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | — | — | — | — | — | — | — | — | — | — | 519,644Source | 143,948Source |
| Cash flows from financing activities: | ||||||||||||
| Net Cash Provided by (Used in) Financing ActivitiesUSD | — | — | — | — | — | — | 75,000Source | 225,000Source | 325,000Source | 345,804Source | 2,330,547Source | 210,107Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | — | — | — | — | — | — | -4,717Source | 42,945Source | -161,422Source | -40,895Source | -1,252,655Source | -4,596,885Source |
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | — | — | — | — | — | — | — | — | — | 2,768Source | 10,160Source | 125,382Source |
| Additional Financial Items | ||||||||||||
| Share-based Payment Arrangement, ExpenseUSD | — | — | — | — | — | — | — | — | — | 111,949Source | 428,146Source | — |
| Amortization of Intangible AssetsUSD | — | — | — | — | — | — | — | — | — | 0Source | 0Source | 935,589Source |
| DepreciationUSD | — | — | 0Source | — | — | 0Source | — | — | — | — | — | 198,448Source |
| Dividends PayableUSD | — | — | — | — | — | — | — | — | — | — | — | 385,009Source |
| Gain (Loss) on Disposition of BusinessUSD | — | — | — | — | — | — | — | — | — | — | — | 296,689Source |
| Gain (Loss) on Disposition of Property Plant EquipmentUSD | — | — | — | — | — | — | — | — | — | — | -88,995Source | — |
| Gain (Loss) Related to Litigation SettlementUSD | — | — | — | — | — | — | — | — | — | — | — | 200,000Source |
| Gain (Loss) on Extinguishment of DebtUSD | — | — | 532,097Source | — | — | 1,481,742Source | — | — | 1,988,931Source | — | — | — |
| General and Administrative ExpenseUSD | — | — | 12,810Source | 5,927Source | 583Source | 2,734Source | 1,374Source | 971Source | 19,977Source | 129,479Source | 353,390Source | 1,806,686Source |
| GoodwillUSD | — | — | — | — | — | — | — | — | — | — | — | 2,105,879Source |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to ParentUSD | — | — | 122,181Source | -474,732Source | -231,234Source | 1,039,193Source | -235,142Source | -403,961Source | 441,643Source | -2,105,961Source | -2,526,201Source | — |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling InterestUSD | — | — | -129,766Source | -134,180Source | -89,741Source | -92,251Source | -89,742Source | -94,309Source | -407,810Source | -1,718,509Source | -11,738,445Source | — |
| Income (Loss) from Discontinued Operations, Net of Tax, Attributable to ParentUSD | — | — | -129,766Source | -134,180Source | -89,741Source | -92,251Source | -89,742Source | -94,309Source | -407,810Source | -1,718,509Source | -11,738,445Source | — |
| Investment Income, InterestUSD | — | — | — | — | — | — | — | — | — | — | 992Source | — |
| Net Income (Loss) Attributable to ParentUSD | — | — | -7,585Source | -608,912Source | -320,975Source | 946,942Source | -324,884Source | -498,270Source | 33,833Source | -3,824,470Source | -14,264,646Source | -8,076,066Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | — | — | -261,465Source | -685,483Source | -599,574Source | 1,606,626Source | -600,422Source | -575,260Source | 103,307Source | -4,134,738Source | -14,823,199Source | -8,493,612Source |
| Nonoperating Income (Expense)USD | — | — | 517,549Source | -63,035Source | -3,733Source | 1,428,568Source | -1,685Source | -71,690Source | 1,849,519Source | -232,711Source | -68,060Source | -38,202Source |
| Operating ExpensesUSD | — | — | 395,368Source | 411,697Source | 227,501Source | 389,375Source | 233,457Source | 332,271Source | 1,407,876Source | 1,873,250Source | 2,458,141Source | 10,565,502Source |
| Operating Lease, ExpenseUSD | — | — | — | — | — | — | — | — | — | — | — | 1,398,401Source |
| Operating Lease, Impairment LossUSD | — | — | — | — | — | — | — | — | — | — | 2,127,807Source | 2,090,567Source |
income statement · annual statements
| Line item | Q4 2025 | Q4 2024 | Q3 2025 | Q3 2024 | Q2 2026 | Q2 2025 | Q1 2026 | Q1 2025 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total RevenueUSD | — | — | — | — | — | — | — | — | — | — | — | 7,744,477Source |
| Cost of Goods and Services Sold | — | — | — | — | — | — | — | — | — | — | — | —Source |
| Operating Income (Loss)USD | — | — | -395,368Source | -411,697Source | -227,501Source | -389,375Source | -233,457Source | -332,271Source | -1,407,876Source | -1,873,250Source | -2,458,141Source | -8,037,864Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | — | — | 122,181Source | -474,732Source | -231,234Source | 1,039,193Source | -235,142Source | -403,961Source | 441,643Source | -2,105,961Source | -2,526,201Source | -8,076,066Source |
| Net Income (Loss) Attributable to ParentUSD | — | — | -7,585Source | -608,912Source | -320,975Source | 946,942Source | -324,884Source | -498,270Source | 33,833Source | -3,824,470Source | -14,264,646Source | -8,076,066Source |
| Earnings Per Share, BasicUSD per share | — | — | 0Source | 0Source | 0Source | 0Source | 0Source | 0Source | 0Source | 0Source | 0Source | 0Source |
| Earnings Per Share, DilutedUSD per share | — | — | 0Source | 0Source | 0Source | 0Source | 0Source | 0Source | 0Source | 0Source | 0Source | 0Source |
| Weighted Average Number of Shares Outstanding, Basicshares | — | — | 5,889,437,474Source | 5,741,262,216Source | 5,889,437,474Source | 5,889,437,474Source | 5,889,437,474Source | 5,889,437,474Source | 5,889,437,474Source | 5,531,600,368Source | 4,043,831,320Source | 3,359,982,502Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | — | — | 5,889,437,474Source | 5,741,262,216Source | 5,889,437,474Source | 5,889,437,474Source | 5,889,437,474Source | 5,889,437,474Source | 5,889,437,474Source | 5,531,600,368Source | 4,043,831,320Source | 3,359,982,502Source |
| Additional Financial Items | ||||||||||||
| Amortization of Intangible AssetsUSD | — | — | — | — | — | — | — | — | — | 0Source | 0Source | 935,589Source |
| Gain (Loss) Related to Litigation SettlementUSD | — | — | — | — | — | — | — | — | — | — | — | 200,000Source |
| General and Administrative ExpenseUSD | — | — | 12,810Source | 5,927Source | 583Source | 2,734Source | 1,374Source | 971Source | 19,977Source | 129,479Source | 353,390Source | 1,806,686Source |
| Gross ProfitUSD | — | — | — | — | — | — | — | — | — | — | — | 2,527,638Source |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to ParentUSD | — | — | 122,181Source | -474,732Source | -231,234Source | 1,039,193Source | -235,142Source | -403,961Source | 441,643Source | -2,105,961Source | -2,526,201Source | — |
| Income (Loss) from Continuing Operations, Per Basic ShareUSD per share | — | — | 0Source | 0Source | 0Source | 0Source | 0Source | 0Source | 0Source | 0Source | 0Source | — |
| Income (Loss) from Continuing Operations, Per Diluted ShareUSD per share | — | — | 0Source | 0Source | 0Source | 0Source | 0Source | 0Source | 0Source | 0Source | 0Source | — |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling InterestUSD | — | — | -129,766Source | -134,180Source | -89,741Source | -92,251Source | -89,742Source | -94,309Source | -407,810Source | -1,718,509Source | -11,738,445Source | — |
| Income (Loss) from Discontinued Operations, Net of Tax, Attributable to ParentUSD | — | — | -129,766Source | -134,180Source | -89,741Source | -92,251Source | -89,742Source | -94,309Source | -407,810Source | -1,718,509Source | -11,738,445Source | — |
| Interest Income, OtherUSD | — | — | — | — | — | — | — | — | — | — | — | 31,166Source |
| Investment Income, InterestUSD | — | — | — | — | — | — | — | — | — | — | 992Source | — |
| Labor and Related ExpenseUSD | — | — | 192,006Source | 206,964Source | 144,999Source | 160,340Source | 144,999Source | 160,340Source | 673,026Source | 1,153,076Source | 1,270,883Source | 3,742,676Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | — | — | -261,465Source | -685,483Source | -599,574Source | 1,606,626Source | -600,422Source | -575,260Source | 103,307Source | -4,134,738Source | -14,823,199Source | -8,493,612Source |
| Nonoperating Income (Expense)USD | — | — | 517,549Source | -63,035Source | -3,733Source | 1,428,568Source | -1,685Source | -71,690Source | 1,849,519Source | -232,711Source | -68,060Source | -38,202Source |
| Operating ExpensesUSD | — | — | 395,368Source | 411,697Source | 227,501Source | 389,375Source | 233,457Source | 332,271Source | 1,407,876Source | 1,873,250Source | 2,458,141Source | 10,565,502Source |
| Operating Lease, ExpenseUSD | — | — | — | — | — | — | — | — | — | — | — | 1,398,401Source |
| Preferred Stock Dividends and Other AdjustmentsUSD | — | — | 253,880Source | 76,571Source | 278,599Source | 140,696Source | 275,538Source | 76,990Source | 730,906Source | 310,268Source | 558,553Source | 417,546Source |
Offerings
Registration 333-292710
Filing attachments
ex99-1.htm · 8-K · 2026-11-05
Exhibit 99.1 PATRIOT GLASS SOLUTIONS, LLC FINANCIAL STATEMENTS DECEMBER 31, 2025 and 2024 PATRIOT GLASS SOLUTIONS, LLC INDEX TO FINANCIAL STATEMENTS December 31, 2025 and 2024 CONTENTS Report of Independent Registered Public Accounting Firm (PCAOB ID No. 106) F-2 Financial Statements: Balance Sheets - As …
Read attachment ↗ex99-2.htm · 8-K · 2026-11-05
Exhibit 99.2 Management’s Discussion and Analysis of Financial Condition and Results of Operations of Patriot Glass Solutions, LLC for the years ended December 31, 2025 and 2024 The Current Report on Form 8-K contains forward-looking statements that involve substantial risks and uncertainties. All statements, other than statements of historical facts, contained in this Report, including statements regarding our strategy, future operations, future financial position, future revenue, projected c…
Read attachment ↗ex99-1.htm · 8-K · 2026-08-06
EX-99.1 2 ex99-1.htm EX-99.1 Exhibit 99.1 NOTICE OF EXTENSION OF CLOSING DATE OF THE MEMBER INTEREST AND ASSET EXCHANGE AGREEMENT Date: As of July 31, 2026 ─────────────────────────────── Re: Member Interest and Asset Exchange Agreement having an Agreement Date as of April 1, 2026, as amended by a certain First Amendment dated June 1, 2026 and a certain Second Amendment dated July 7, 2026 (collectively, the “Exchange Agreement…
Read attachment ↗ex4-11.htm · 10-K · 2026-03-30
Exhibit 4.11 Description of Our Securities Pursuant to Section 12 of the Securities Exchange Act of 1934 The following description is a description of Transportation and Logistics Systems, Inc.’s (the “ Company ”) securities registered pursuant to Section 12 of the Securities Exchange Act of 1934, as amended (the “ Exchange Act ”). As of March 30, 2026, the Company has one class of securities registered under Section 12 of the Exchange Act, its common stock, par value $0.001 per share (the “…
Read attachment ↗ex107.htm · S-1 · 2026-01-13
Exhibit 107 Calculation of Filing Fee Tables Form S-1 (Form Type) Transportation and Logistics Systems, Inc. (Exact Name of Registrant as Specified in its Charter) Table 1 - Newly Registered Securities and Carry Forward Securities Security Security Class Title Fee Amount Proposed Maximum …
Read attachment ↗ex4-1.htm · 8-K · 2025-09-09
EX-4.1 2 ex4-1.htm EX-4.1 Exhibit 4.1 TRANSPORTATION AND LOGISTICS SYSTEMS, INC. CERTIFICATE OF AMENDMENT TO CERTIFICATE OF DESIGNATION, PREFERENCES, RIGHTS AND LIMITATIONS OF SERIES J SENIOR CONVERTIBLE PREFERRED STOCK The undersigned, Sebastian Giordano, Chief Executive Officer of Transportation and Logistics Systems, Inc., (the “ Corporation ”), pursuant to the provisions of the Nevada Revised Statutes of the State of Nevada, does hereby certify and set forth as follows: The da…
Read attachment ↗