Transportation and Logistics Systems Inc (TLSS)

[I ll be back]

Derivative Liabilities:
Note that the 2019 6-months ending shows rough ($62mm)
I wouldn't be so quick to believe that John as somehow taken on a new liability here.

After a "quick" review, this statement shows a large decrease in expenses and a continuing reduction in notes.

Quick Highlights:

Cash went from $50,000 to $1,431,000 (Not bad!)

Accounts receivable little lower; customers appear to be paying their bills

Prepaid Expenses; jump $523,000 (asset) or 42%, (Not bad!)

Security deposits jump 172%, guessing this is new building leases

So in 6-months, John has increased the bank account by nearly $1.4mm.
In other words, not closing the doors.

Bring us a new service contract, we are off to the races.
Monday could have an interesting open....