TLSS operating subsidiaries cease all operations as of Feb 16, 2024; no revenue operations remain

Transportation & Logistics Systems, Inc.

Cougar Express and JFK Cartage (Cougar) and Severance entities ceased operations on Feb 16, 2024 due to loss of vehicle insurance and landlord repossession.
Severance laid off virtually all employees; Cougar Express employees also laid off after landlord took possession of Inwood facility.
Company reported working capital deficit of $11,680,875 as of Sep 30, 2023, which has not improved.
No substantive revenue-generating operations remain; uncertainty about ability to continue as a going concern is high.

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