secwatch.observer — SEC 8-K summary
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Issuer:     Transportation & Logistics Systems, Inc. (TLSS)
CIK:        0001463208
Form:       8-K/A
Filed at:   2023-06-20T23:59:59+00:00
Accession:  0001493152-23-021844
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.60
Item codes: 9.01
LLM model:  deepseek-v4-flash:cloud@v2

TLSS files Freight Connections audited financials; 2021 revenue $8.92M, net income $1.03M
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- Freight Connections revenue $8.92M in 2021, up 40% from $6.36M in 2020.
- Net income of $1.03M in 2021 vs $0.36M in 2020; gross profit $4.10M.
- Total assets $2.77M at Dec 31, 2021; cash $88.7K, down from $292.6K a year earlier.
- Acquired by TLSS subsidiary on Sept 16, 2022; pro forma financials included.
- Operating income $1.44M in 2021; income before taxes $1.48M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1463208/000149315223021844/0001493152-23-021844-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1463208/000149315223021844/form8-ka.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-021844

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer