---
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"
generated_at: "2026-05-27T13:50:04.537135+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# TLSS issues $50K promissory note to fund financial statements and filings

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: negative
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-25-003384
- JSON: https://secwatch.observer/filing/0001493152-25-003384.json
- Plain text: https://secwatch.observer/filing/0001493152-25-003384.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.