Security
TLSS · Transportation & Logistics Systems, Inc.
TLSSOTCCommon stockCurrentCIK 1463208Updated Sep 24, 2026
Name history
PETROTERRA CORP. · through Jul 10, 2018LORAN CONNECTION CORP · through Jan 17, 2012
TLSS price & chart
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Recent filings
Entry into a Material Definitive Agreement
Items 1.01, 9.01
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
Show 5 more recent filings
Other Events
Items 8.01, 9.01
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements
Items 5.02
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
Entry into a Material Definitive Agreement
Items 1.01, 9.01
DEF 14A filing
Financials
FY 2025 · USDSource
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balance sheet · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 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 | 15,835Source | 177,257Source | — | 1,470,807Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | — | — | — | 2,059,326Source |
| Assets, CurrentUSD | 17,335Source | 178,936Source | 2,159,766Source | 4,143,168Source |
| Prepaid Expense and Other Assets, CurrentUSD | 1,500Source | 1,260Source | 84,421Source | 613,035Source |
| Operating Lease, Right-of-Use AssetUSD | — | — | — | 8,457,083Source |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 7,951,430Source | 12,070,953Source | 10,157,202Source | 15,792,064Source |
| Stockholders’ equity: | ||||
| Common Stock, Value, IssuedUSD | 5,889,437Source | 5,889,437Source | 4,481,102Source | 3,636,692Source |
| Additional Paid in CapitalUSD | 121,194,905Source | 128,686,122Source | 129,854,231Source | 129,372,841Source |
| Retained Earnings (Accumulated Deficit)USD | -147,165,109Source | -146,468,036Source | -142,333,298Source | -127,510,099Source |
| Stockholders' Equity Attributable to ParentUSD | -20,080,735Source | -11,892,017Source | -7,997,436Source | 5,500,062Source |
| Liabilities and EquityUSD | 17,335Source | 178,936Source | 2,159,766Source | 21,292,126Source |
| Current liabilities: | ||||
| Liabilities, CurrentUSD | 7,951,430Source | 12,070,953Source | 10,157,202Source | 8,546,628Source |
| Operating Lease, Liability, CurrentUSD | — | — | — | 2,081,099Source |
| Accounts Payable, CurrentUSD | 335,640Source | 1,167,795Source | 852,005Source | 472,701Source |
| Operating Lease, Liability, NoncurrentUSD | — | — | — | 6,413,937Source |
| Additional Financial Items | ||||
| Accrued Liabilities, CurrentUSD | — | — | — | 837,170Source |
| Dividends PayableUSD | — | — | — | 385,009Source |
| Long-term DebtUSD | — | — | — | 5,784,577Source |
cash flow · annual statements
| Line item | 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 | -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 | 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 | -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 | — | — | — | 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 | 1,988,931Source | — | — | — |
| General and Administrative ExpenseUSD | 19,977Source | 129,479Source | 353,390Source | 1,806,686Source |
| GoodwillUSD | — | — | — | 2,105,879Source |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to ParentUSD | 441,643Source | -2,105,961Source | -2,526,201Source | — |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling InterestUSD | -407,810Source | -1,718,509Source | -11,738,445Source | — |
| Income (Loss) from Discontinued Operations, Net of Tax, Attributable to ParentUSD | -407,810Source | -1,718,509Source | -11,738,445Source | — |
| Investment Income, InterestUSD | — | — | 992Source | — |
| Net Income (Loss) Attributable to ParentUSD | 33,833Source | -3,824,470Source | -14,264,646Source | -8,076,066Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | 103,307Source | -4,134,738Source | -14,823,199Source | -8,493,612Source |
| Nonoperating Income (Expense)USD | 1,849,519Source | -232,711Source | -68,060Source | -38,202Source |
| Operating ExpensesUSD | 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 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Total RevenueUSD | — | — | — | 7,744,477Source |
| Cost of Goods and Services Sold | — | — | — | — |
| Operating Income (Loss)USD | -1,407,876Source | -1,873,250Source | -2,458,141Source | -8,037,864Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | 441,643Source | -2,105,961Source | -2,526,201Source | -8,076,066Source |
| Net Income (Loss) Attributable to ParentUSD | 33,833Source | -3,824,470Source | -14,264,646Source | -8,076,066Source |
| Earnings Per Share, BasicUSD per share | 0Source | 0Source | 0Source | 0Source |
| Earnings Per Share, DilutedUSD per share | 0Source | 0Source | 0Source | 0Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 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 | 5,531,600,368Source | 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 | 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 | 441,643Source | -2,105,961Source | -2,526,201Source | — |
| Income (Loss) from Continuing Operations, Per Basic ShareUSD per share | 0Source | 0Source | 0Source | — |
| Income (Loss) from Continuing Operations, Per Diluted ShareUSD per share | 0Source | 0Source | 0Source | — |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling InterestUSD | -407,810Source | -1,718,509Source | -11,738,445Source | — |
| Income (Loss) from Discontinued Operations, Net of Tax, Attributable to ParentUSD | -407,810Source | -1,718,509Source | -11,738,445Source | — |
| Interest Income, OtherUSD | — | — | — | 31,166Source |
| Investment Income, InterestUSD | — | — | 992Source | — |
| Labor and Related ExpenseUSD | 673,026Source | 1,153,076Source | 1,270,883Source | 3,742,676Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | 103,307Source | -4,134,738Source | -14,823,199Source | -8,493,612Source |
| Nonoperating Income (Expense)USD | 1,849,519Source | -232,711Source | -68,060Source | -38,202Source |
| Operating ExpensesUSD | 1,407,876Source | 1,873,250Source | 2,458,141Source | 10,565,502Source |
| Operating Lease, ExpenseUSD | — | — | — | 1,398,401Source |
| Preferred Stock Dividends and Other AdjustmentsUSD | 730,906Source | 310,268Source | 558,553Source | 417,546Source |
Offerings
Registration 333-292710
Filing attachments
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 ↗ex4-1.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…
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