{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-22-021310","form_type":"8-K","ticker":"TLSS","cik":"0001463208","company_name":"Transportation & Logistics Systems, Inc.","filed_at":"2022-08-04T23:59:59+00:00","discovered_at":"2026-05-14T18:03:55.830451+00:00","generated_at":"2026-06-24T03:56:51.764681+00:00","sec_items":["2.01"],"event_type":"m_and_a","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"TLSS subsidiary Cougar Express closes acquisition of JFK Cartage for $1.7M","bullets":["Total consideration $1.7M: $401,552 cash, $696,935 note (25% AR collections weekly, then 3 annual installments at 5%).","Assumed $503,065 SBA loan and $98,448 in accrued liabilities from seller.","JFK Cartage had $3.6M revenue in 2021, $2.0M in H1 2022; operates 30,000 sq ft warehouse near JFK Airport.","Provides warehousing, delivery, trucking services to 95+ accounts in NY tri-state area.","Effective date July 31, 2022; seller Joan Ton is unrelated third party."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-22-021310","json":"https://secwatch.observer/filing/0001493152-22-021310.json","markdown":"https://secwatch.observer/filing/0001493152-22-021310.md","text":"https://secwatch.observer/filing/0001493152-22-021310.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1463208/000149315222021310/0001493152-22-021310-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1463208/000149315222021310/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-24T03:56:51.764681+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}