{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-25-003384","form_type":"8-K","ticker":"TLSS","cik":"0001463208","company_name":"Transportation & Logistics Systems, Inc.","filed_at":"2025-01-23T23:59:59+00:00","discovered_at":"2026-05-14T18:03:03.699831+00:00","generated_at":"2026-05-27T13:50:04.537135+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"negative","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"TLSS issues $50K promissory note to fund financial statements and filings","bullets":["Principal $50,000 at 10% simple interest, due in six months (maturity July 2025).","Proceeds used for 2024 Q2/Q3 financial statement completion, SEC/OTC filings, tax good standing, and routine litigation fees.","Note is non-convertible and junior to approximately $1.55M in senior notes listed in Exhibit A.","Default triggers 5% monthly penalty after 30 days; lender may declare entire amount due.","This is the fourth similar note from the same lender since August 2024, indicating ongoing capital strain."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-25-003384","json":"https://secwatch.observer/filing/0001493152-25-003384.json","markdown":"https://secwatch.observer/filing/0001493152-25-003384.md","text":"https://secwatch.observer/filing/0001493152-25-003384.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1463208/000149315225003384/0001493152-25-003384-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1463208/000149315225003384/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-27T13:50:04.537135+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"}