TLSS · OTC
Companies at this level ended the following year delisted, bankrupt, restated or silent 9.2% of the time, against 4.0% for companies with a clean record.
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The registrant has substantially completed preparation of its Form 10-Q for the quarter ended June 30, 2026. However, the registrant must revise the filing prior to submission due to a delay in the effectiveness of a planned reverse stock split. The Form 10-Q was initially prepared on the assumption that the reverse stock split would become effective on or before August 14, 2026. Due to a delay in receiving approval from the Financial Industry Regulatory Authority (FINRA), the reverse stock split will not become effective until a later date. As a result, the registrant must revise the Form 10-Q to replace post-split share and per share figures with pre-split amounts throughout the filing. The registrant is unable to complete these revisions and allow sufficient time for the auditor’s review of the revised Form 10-Q and file its Form 10-Q within the prescribed time period without unreasonable effort or expense. The registrant anticipates that it will file the Form 10-Q within the five-day grace period provided by Exchange Act Rule 12b-25
NT 10-Q, filed 2026-08-14 · auditor
The registrant has substantially completed preparation of its Form 10-Q for the quarter ended June 30, 2026. However, the registrant must revise the filing prior to submission due to a delay in the effectiveness of a planned reverse stock split. The Form 10-Q was initially prepared on the assumption that the reverse stock split would become effective on or before August 14, 2026. Due to a delay in receiving approval from the Financial Industry Regulatory Authority (FINRA), the reverse stock split will not become effective until a later date. As a result, the registrant must revise the Form 10-Q to replace post-split share and per share figures with pre-split amounts throughout the filing. The registrant is unable to complete these revisions and allow sufficient time for the auditor’s review of the revised Form 10-Q and file its Form 10-Q within the prescribed time period without unreasonable effort or expense. The registrant anticipates that it will file the Form 10-Q within the five-day grace period provided by Exchange Act Rule 12b-25
As previously reported, in February 2024 the Registrant ceased all of its revenue generating operations and continues to remain insolvent. As a result, the Registrant has been unable to timely meet its annual and quarterly periodic reporting obligations under the Securities Exchange Act of 1934, as amended. The Registrant has obtained financing that it believes will enable it to complete the audit of its financial statements for the year ended December 31, 2024 and enable the Registrant to prepare and file its Annual Report on Form 10-K for the year ended December 31, 2024. The Registrant is working to complete the necessary financial statements and file the report as soon as possible
As previously reported, the Registrant has ceased all of its revenue generating operations and continues to remain insolvent. As a result, the Registrant has been unable to meet its annual and quarterly periodic reporting obligations under the Securities Exchange Act of 1934, as amended (the “34 Act”). The Registrant has obtained financing to enable it to complete the audit of its financial statements for the year ended December 31, 2023, and reviews for the subsequent 2024 quarters to enable the Company to prepare and file its Annual Report on Form 10-K for the year ended December 31, 2023, and subsequent Quarterly Reports on Form 10-Q, including for the quarter ended September 30, 2024. The Registrant is working to complete the necessary financial statements and file the reports as soon as possible; however, the Company may require additional financing to fund the necessary costs related to preparation and filing of the Registrant’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2024
At present, the Company is unable to incur the costs of finalizing its audit and preparing and timely filing its Form 10-Q for the second quarter of year 2024, due principally to the Company’s having ceased all of its logistics and transportation operations and because the Company is insolvent and therefore, currently unable to meet its existing financial obligations
At present, the Company is unable to incur the costs of finalizing its audit and preparing and timely filing its Form 10-Q for the first quarter of year 2024, due principally to the Company’s having ceased all of its logistics and transportation operations and because the Company is insolvent and therefore, currently unable to meet its existing financial obligations
At present, the Company is unable to incur the costs of finalizing its audit and preparing and timely filing its Form 10-K for the year 2023, due principally to the Company’s having recently ceased all of its logistics and transportation operations and because the Company is insolvent and therefore, currently unable to meet its existing financial obligations
reportingrisk.com scores every active US filer on three things a company tells the SEC about itself: late-filing notices on Form NT, 8-K item 4.02 (past accounts declared unreliable) and 4.01 (auditor changes). 1,012 are flagged today.
Every score is frozen and checked twelve months later. Across 91,452 of them, a company scoring 4 or more ended that year delisted, bankrupt, restated or silent 17.2% of the time, against 4.0% for a clean record. Scores before 2026-09-27 were reconstructed from the filing history as it stood at each date, so the record is a backtest rather than years of live calls.
See the ledger → Every company the score flagged that later failed, what it told the SEC on the way down, and the ones it missed.Every item above is a filing this company
made with the SEC.
Snapshot 2026-11-04 · data from SEC EDGAR (public domain) · not
investment advice