For the quarter ending 2025-03-31, TESI made $3,828,655 in revenue. -$5,478,278 in net income. Net profit margin of -143.09%.
| Income Statement | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 |
|---|---|---|---|---|
| Provision for income taxes | - | 0 | - | - |
| Stock based compensation | 473,770 | 16,323.25 | - | - |
| Impairment | - | - | 4,853,142 | - |
| Salaries and salary related costs | 422,057 | 323,556.5 | 453,174 | 613,010 |
| Intangible asset impairment | - | - | 5,508,595 | - |
| Professional fees | 682,005 | 699,693 | 620,284 | 1,157,117 |
| General and administrative expenses | 211,998 | 256,463 | 318,470 | 369,636 |
| Amortization expense | 17,187 | -159,456.5 | 193,824 | 193,839 |
| Total operating expenses | 1,807,017 | -4,027,966 | 11,947,489 | 2,333,602 |
| Revenue | 1,750,172 | 1,515,057.5 | 3,883,105 | 2,661,183 |
| Cost of revenues | 1,938,767 | 1,845,534.5 | 3,446,900 | 2,102,973 |
| Gross loss | -188,595 | -330,477 | 436,205 | 558,210 |
| Operating loss | -1,995,612 | 3,697,489 | -11,511,284 | -1,775,392 |
| Loss on extinguishment of convertible debt and issuance of series b preferred stock | - | - | -806,920 | - |
| Change in fair value of derivative liability | - | 4,375 | - | - |
| Other income (expense) | -81,347 | - | 2,547 | 155,235 |
| Loss on extinguishment of convertible debt and issuance of series b preferred stock | - | -201,730 | - | - |
| Other income | - | 46,477.75 | - | - |
| Gain on sale of customer contracts | - | 0 | 370,000 | - |
| Interest expense, net of interest income | 3,414,368 | 999,964.5 | 1,520,478 | 733,812 |
| Loss on sale of equipment | -56,917 | -7,760.333 | -88,148 | - |
| Loss on troubled debt restructuring | -58,919 | - | - | - |
| Gain on refinancing | 140,442 | - | - | - |
| Gain on exchange of convertible notes for common stock | - | 213,041.083 | - | - |
| Gain on settlement of accounts payable | 131,024 | - | - | - |
| Total other income (expense) | -3,340,085 | -945,561 | -2,042,999 | -578,577 |
| Loss from continuing operations, before provision for income taxes | -5,335,697 | -2,601,099 | - | - |
| Net loss from continuing operations | -5,335,697 | -2,601,099 | - | - |
| Net loss from discontinued operations, after taxes (including loss on disposal of subsidiary of 785,871) | - | -2,784,727.25 | - | - |
| Net loss | -5,335,697 | -2,817,526.5 | -13,554,283 | -2,353,969 |
| Deemed dividend attributable to accretion of series b preferred stock to redemption value | 142,581 | 215,572.25 | - | - |
| Deemeddividendsattributabletoaccretionofseriesbpreferredstocktoredemptionvalue | - | - | 145,473 | 3,958,376 |
| Deemed dividend related to series b preferred stock | - | 1,836,352.25 | - | - |
| Net loss attributable to common stockholders | -5,478,278 | -3,248,671 | -13,699,756 | -6,312,345 |
| Basic eps | -0.02 | -0.005 | -0.06 | -0.03 |
| Diluted eps | -0.02 | -0.005 | -0.06 | -0.03 |
| Basic average shares | 222,946,480 | -111,033,521 | 222,067,042 | 222,067,042 |
| Diluted average shares | 222,946,480 | -111,033,521 | 222,067,042 | 222,067,042 |
Titan Environmental Solutions Inc. (TESI)
Titan Environmental Solutions Inc. (TESI)