Titan Environmental Solutions Inc. financial data

Symbol
TESI on OTC
Industry
Services-Computer Programming Services
Location
14205 Se 36 Th St.,, Suite 100, Bellevue, WA
State of incorporation
NV
Fiscal year end
December 31
Former names
TRAQIQ, INC. (to 11/16/2023), Thunderclap Entertainment, Inc. (to 7/20/2017)
Latest financial report
10-Q - Q2 2024 - Aug 19, 2024

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 14.5 % +445%
Quick Ratio 2.2 %
Debt-to-equity 246 % -75.1%
Return On Equity 6.74 % -97.1%
Return On Assets -160 % -407%

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 27.8M shares -18.1%
Common Stock, Shares, Outstanding 25.4M shares -25.9%
Entity Public Float 12.8M USD +145%
Common Stock, Value, Issued 2.54K USD -25.9%
Weighted Average Number of Shares Outstanding, Basic 222M shares +554%
Weighted Average Number of Shares Outstanding, Diluted 222M shares +554%

Income Statement

Label TTM Value / Value Unit Change %
Revenues 935K USD
Revenue from Contract with Customer, Excluding Assessed Tax 10.8M USD +1345%
Cost of Revenue 7.52M USD +25.7%
General and Administrative Expense 1.43M USD +110%
Operating Income (Loss) -1.78M USD +92.2%
Nonoperating Income (Expense) -579K USD -135%
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest -136M USD -3864%
Income Tax Expense (Benefit) 18.8K USD -77.1%
Net Income (Loss) Attributable to Parent -2.35M USD +89.7%
Earnings Per Share, Basic 3.13 USD/shares +95.5%
Earnings Per Share, Diluted -0.03 USD/shares +95.5%

Balance Sheet

Label TTM Value / Value Unit Change %
Cash and Cash Equivalents, at Carrying Value 3.43K USD -97.5%
Accounts Receivable, after Allowance for Credit Loss, Current 2.09M USD +136%
Inventory, Net 505K USD +11%
Other Assets, Current 45.4K USD 0%
Assets, Current 2.81M USD +57.3%
Property, Plant and Equipment, Net 11.6M USD +106%
Operating Lease, Right-of-Use Asset 557K USD -67.6%
Intangible Assets, Net (Excluding Goodwill) 6.27M USD -44%
Goodwill 20.4M USD +206%
Other Assets, Noncurrent 15.7K USD +89.9%
Assets 7.41M USD
Liabilities, Current 17.9M USD +64.1%
Operating Lease, Liability, Noncurrent 356K USD -75.2%
Liabilities 24.7M USD +66.2%
Accumulated Other Comprehensive Income (Loss), Net of Tax 255K USD +719%
Retained Earnings (Accumulated Deficit) -156M USD -560%
Stockholders' Equity Attributable to Parent 10M USD -17.5%
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest -99.1M USD -3477%
Liabilities and Equity 7.41M USD

Popular Metrics

Label TTM Value / Value Unit Change %
Net Cash Provided by (Used in) Operating Activities -822K USD -107%
Net Cash Provided by (Used in) Financing Activities 1.46M USD +208%
Net Cash Provided by (Used in) Investing Activities -735K USD -1368%
Common Stock, Shares Authorized 400M shares +33.3%
Common Stock, Shares, Issued 25.4M shares -25.9%
Common Stock, Par or Stated Value Per Share 0 USD/shares 0%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect -100K USD -484%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 1.31K USD -88%
Interest Paid, Excluding Capitalized Interest, Operating Activities 172K USD +119%
Deferred Tax Assets, Valuation Allowance 4.5M USD
Deferred Tax Assets, Gross 101K USD
Operating Lease, Liability 578K USD -67.6%
Depreciation 514K USD +10.7%
Payments to Acquire Property, Plant, and Equipment 735K USD +1368%
Comprehensive Income (Loss), Net of Tax, Attributable to Parent -114M USD -831%
Lessee, Operating Lease, Liability, to be Paid 655K USD -69.4%
Property, Plant and Equipment, Gross 13.3M USD +92.7%
Operating Lease, Liability, Current 222K USD -36.4%
Lessee, Operating Lease, Liability, to be Paid, Year Two 208K USD -50.7%
Lessee, Operating Lease, Liability, to be Paid, Year One 212K USD -58.3%
Operating Lease, Weighted Average Discount Rate, Percent 0.09 pure +12.6%
Lessee, Operating Lease, Liability, Undiscounted Excess Amount 76.9K USD -78.4%
Lessee, Operating Lease, Liability, to be Paid, Year Three 80.5K USD -81.2%
Deferred Tax Assets, Operating Loss Carryforwards 14.9M USD
Preferred Stock, Shares Authorized 25M shares +150%
Unrecognized Tax Benefits 0 USD
Lessee, Operating Lease, Liability, to be Paid, Year Four 102K USD
Amortization of Intangible Assets 713K USD +304%
Depreciation, Depletion and Amortization 644K USD -19.8%
Share-based Payment Arrangement, Expense 0 USD -100%
Interest Expense 3.3K USD
Preferred Stock, Par or Stated Value Per Share 0 USD/shares