Trutankless, Inc. (TKLS) Form 10-K — May 21, 2026
Trutankless, Inc. reported $1.08 million in revenue for fiscal 2025, a significant increase from $242,350 in 2024, driven by sales of its Gen3 electric tankless water heaters. Despite the revenue growth, the company posted a net loss of $4.75 million and ended the year with only $21,619 in cash, highlighting severe liquidity constraints. The filing includes explicit going-concern language, stating that substantial doubt exists about the company's ability to continue as a going concern.
Key figures
- Revenue
- 1082887
- Revenue Yoy
- 346.8%
- Cash Position
- 21619
- Shares Outstanding
- 141214441
- Consulting Fees
- 2217207
- Default Judgment
- 38768
- Operating Expenses
- 3612548
- Sec Penalty Remaining
- 20000
- Convertible Notes Payable
- 750000
- Related Party Notes Payable
- 6459753
AI analysis
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