Tue, Apr 15, 8:14 PM (11 days ago)
### Summary of Transportation and Logistics Systems, Inc. (TLSS) **Ticker:** TLSS **Financial Performance:** - **Revenue:** $0 for both 2024 and 2023. - **Net Income:** -$3,824,470 in 2024 and -$14,264,646 in 2023. - **Operating Expenses:** $1,873,250 in 2024 and $2,458,141 in 2023. - **Earnings per Share:** Not applicable due to the company's financial condition. **Strategic Overview:** - **Business Model:** TLSS is a publicly-traded holding company that previously provided a full suite of asset-based logistics and transportation services, including ecommerce fulfillment, last mile deliveries, two-person home delivery, mid-mile, and long-haul services. - **Market Position:** The company's shares resumed trading on the OTC PINK after being downgraded from the OTC Expert Market. - **Future Outlook:** TLSS is evaluating a possible restructuring of its remaining existing debts and obligations, as well as assessing the possibility of replacing its discontinued businesses and/or entering into new lines of business. **Risk Factors:** - **Financial Condition:** The company is insolvent and has been unable to meet its annual and quarterly periodic reporting obligations under the 34 Act. - **Operational Risks:** The company has ceased all remaining operations and is seeking to raise additional capital through debt and/or equity financings. - **Market Risks:** The company's common stock is quoted on the OTC PINK, and there is a limited trading market for its common stock. **Financial Condition:** - **Cash Balance:** $96,602 as of April 11, 2025. - **Working Capital Deficit:** $11,892,017 as of December 31, 2024. - **Debt Obligations:** The company has obtained financing to complete the audit of the financial statements for the 2024 Annual Report but will require additional financing to fund the necessary costs related to the preparation and filing of one or more of the 2025 Quarterly Reports. **Market Position Changes:** - **Trading Status:** The company's shares resumed trading on the OTC PINK after being downgraded from the OTC Expert Market. - **Share Price:** The closing trading price of the company's common stock as quoted on the OTC PINK was $0.0001 in 2024 and $0.0008 in 2023.