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Income Statement
Transportation & Logistics Systems, Inc. (TLSS)
source: myfinsight.com
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Gain of debt
extinguishment
$1,481,742
Total other income
(expenses), net
$1,428,568
Interest
expense-Nonrelated Party
$9,198
Interest
expense-Related Party
$43,976
Income (loss) before
income taxes
$1,039,193
Loss from operations
-$389,375
Income (loss) from
continuing operations
$1,039,193
Total operating
expenses
$389,375
Deemed contribution on
exchange of equity...
$800,380
Net income (loss)
$946,942
Loss from
discontinued operations
-$92,251
General and
administrative expenses
$2,734
Compensation and related
benefits
$160,340
Legal and
professional fees
$226,301
Net income (loss)
attributable to common...
$1,606,626
Accrued dividends
$140,696
Loss from
discontinued operations, net...
-$92,251
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