Titan Environmental Solutions Inc. financial data

Symbol
TRIQ on OTC
Industry
Services-Computer Programming Services
Location
14205 Se 36 Th St.,, Suite 100, Bellevue, Washington
State of incorporation
Nevada
Fiscal year end
December 31
Former names
TRAQIQ, INC. (to 11/16/2023), Thunderclap Entertainment, Inc. (to 7/20/2017)
Latest financial report
Q1 2024 - May 15, 2024

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 14.5 % +568%
Quick Ratio 2.41 %
Debt-to-equity 200 % -98.4%
Return On Equity 6.8 % -97%
Return On Assets -160 % -407%

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 25.4M shares -36.4%
Common Stock, Shares, Outstanding 25.4M shares -25.2%
Entity Public Float 12.8M USD +145%
Common Stock, Value, Issued 2.54K USD -25.2%
Weighted Average Number of Shares Outstanding, Basic 222M shares +572%
Weighted Average Number of Shares Outstanding, Diluted 222M shares

Income Statement

Label TTM Value / Value Unit Change %
Revenues 935K USD
Revenue from Contract with Customer, Excluding Assessed Tax 8.3M USD +57.1%
Cost of Revenue 6.97M USD +30%
General and Administrative Expense 1.34M USD +190%
Operating Income (Loss) -1.82M USD -202%
Nonoperating Income (Expense) -437K USD -450%
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 -2.26M USD -231%
Earnings Per Share, Basic 2.49 USD/shares +99.7%
Earnings Per Share, Diluted -0.01 USD/shares

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 935K USD +1319%
Inventory, Net 220K USD -38.9%
Other Assets, Current 45.4K USD 0%
Assets, Current 1.38M USD +139%
Property, Plant and Equipment, Net 6.4M USD +553779%
Operating Lease, Right-of-Use Asset 1.48M USD
Intangible Assets, Net (Excluding Goodwill) 6.46M USD -38.1%
Goodwill 6.52M USD -10.6%
Other Assets, Noncurrent 668K USD
Liabilities, Current 14.5M USD -87.7%
Operating Lease, Liability, Noncurrent 1.2M USD
Liabilities 19.2M USD -83.6%
Accumulated Other Comprehensive Income (Loss), Net of Tax 255K USD +719%
Retained Earnings (Accumulated Deficit) -153M USD -18.4%
Stockholders' Equity Attributable to Parent 3.69M USD +83.3%
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest -99.1M USD -3477%

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 -25.2%
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
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent 0.21 pure
Deferred Tax Assets, Gross 101K USD
Operating Lease, Liability 1.6M USD
Depreciation 424K USD -2.42%
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 1.86M USD
Property, Plant and Equipment, Gross 7.97M USD
Operating Lease, Liability, Current 397K USD
Lessee, Operating Lease, Liability, to be Paid, Year Two 486K USD
Lessee, Operating Lease, Liability, to be Paid, Year One 461K USD
Operating Lease, Weighted Average Discount Rate, Percent 0.08 pure
Deferred Income Tax Expense (Benefit) -940K USD
Lessee, Operating Lease, Liability, Undiscounted Excess Amount 265K USD
Lessee, Operating Lease, Liability, to be Paid, Year Three 418K USD
Deferred Tax Assets, Operating Loss Carryforwards 14.9M USD
Deferred Federal Income Tax Expense (Benefit) -674K USD
Preferred Stock, Shares Authorized 25M shares
Unrecognized Tax Benefits 0 USD
Lessee, Operating Lease, Liability, to be Paid, Year Four 102K USD
Amortization of Intangible Assets 690K USD +9941%
Depreciation, Depletion and Amortization 692K USD +2905%
Share-based Payment Arrangement, Expense 5.59M USD +5098%
Deferred State and Local Income Tax Expense (Benefit) -266K USD
Interest Expense 9.76K USD +876%
Preferred Stock, Par or Stated Value Per Share 0 USD/shares