TKLS
Trutankless, Inc.
Price Chart
Latest Quote
$0.12
+0.00 (+0.00%)
Current Price
| Previous Close | $0.12 |
| Open | $0.60 |
| Day High | $0.60 |
| Day Low | $0.60 |
| Volume | 2,000 |
Stock Information
| Shares Outstanding | 141.21M |
| Total Debt | $9.56M |
| Cash Equivalents | $22K |
| Revenue | $1.08M |
| Net Income | $-4.75M |
| Sector | Technology |
| Industry | Consumer Electronics |
| Market Cap | $16.95M |
| EPS (TTM) | $-0.04 |
| Exchange | PNK |
đ Comprehensive Analysis
Company Data
| Enterprise Value | $26.49M |
| Sales | $1.08M |
| Income | $-4.75M |
| Book/sh | $-0.07 |
| Cash/sh | $0.00 |
| Employees | 6 |
Financial Ratios
| Quick Ratio | 0.01 |
| Current Ratio | 0.15 |
Returns & Margins
| ROA | -68.57% |
| Gross Margin | 3.88% |
| Operating Margin | -159.46% |
Ownership
| Insider Ownership | 72.57% |
| Insider & Institutional transactions data not available | |
Valuation Ratios
| P/S | 15.65 |
| P/B | -1.69 |
Analyst Data
| Recommendation | none |
Technical Indicators
| SMA20 | $0.12 |
| SMA50 | $0.11 |
| SMA200 | $0.13 |
| RSI | nan |
| Shares Float | 55.16M |
| Volatility | 1.86 |
Performance History
| Week | +0.00% |
| Month | +0.00% |
| Quarter | -60.00% |
| 6 Months | -67.57% |
| YTD | -65.71% |
| Year | +128.57% |
| 3 Years | +23900.00% |
| 5 Years | -91.07% |
| 10 Years | -98.50% |
Stock Score:
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Recent Price History
| Date | Close | Volume |
|---|---|---|
| 2026-06-04 | $0.12 | 0 |
| 2026-06-03 | $0.12 | 0 |
| 2026-06-02 | $0.12 | 0 |
| 2026-06-01 | $0.12 | 0 |
| 2026-05-29 | $0.12 | 0 |
| 2026-05-28 | $0.12 | 0 |
| 2026-05-27 | $0.12 | 0 |
| 2026-05-26 | $0.12 | 0 |
| 2026-05-22 | $0.12 | 0 |
| 2026-05-21 | $0.12 | 0 |
| 2026-05-20 | $0.12 | 0 |
| 2026-05-19 | $0.12 | 0 |
| 2026-05-18 | $0.12 | 0 |
| 2026-05-15 | $0.12 | 0 |
| 2026-05-14 | $0.12 | 0 |
| 2026-05-13 | $0.12 | 0 |
| 2026-05-12 | $0.12 | 0 |
| 2026-05-11 | $0.12 | 0 |
| 2026-05-08 | $0.12 | 0 |
| 2026-05-07 | $0.12 | 0 |
| 2026-05-06 | $0.12 | 0 |
| 2026-05-05 | $0.12 | 0 |
About Trutankless, Inc.
Trutankless, Inc. engages in the research, development, marketing, and sale of smart electric tankless water heaters in the United States. The company provides water heaters under the Trutankless name; and home.trutankless.com, a customizable online control panel that enables residential and commercial users to obtain real-time status reports, adjust unit temperature settings, view up to three years of water usage data, and change notification settings. It offers its products to plumbing wholesale distributors and dealers, as well as independent dealers. The company was incorporated in 2008 and is headquartered in Scottsdale, Arizona.
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Income Statement (Annual)
| Metric | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Revenue | ||||
| Reconciled Cost Of Revenue | $279,356 | $0 | $466,937 | $127,669 |
| Cost Of Revenue | $279,356 | $0 | $466,937 | $127,669 |
| Total Revenue | $242,350 | $3,549 | $73,008 | $246,032 |
| Operating Revenue | $242,350 | $3,549 | $73,008 | $246,032 |
| Expenses | ||||
| Interest Expense | $575,660 | $763,581 | $613,272 | $5,014,194 |
| Total Expenses | $5,462,394 | $1,345,917 | $4,233,097 | $11,281,358 |
| Other Income Expense | $133,802 | $-44,525 | $15,845 | $-961,028 |
| Other Non Operating Income Expenses | $3,459 | - | - | - |
| Net Non Operating Interest Income Expense | $-5,099,860 | $-763,581 | $-613,272 | $-5,014,194 |
| Total Other Finance Cost | $4,524,200 | - | - | - |
| Interest Expense Non Operating | $575,660 | $763,581 | $613,272 | $5,014,194 |
| Operating Expense | $5,183,038 | $1,345,917 | $3,766,160 | $11,153,689 |
| General And Administrative Expense | $4,746,346 | $913,286 | $3,511,072 | $10,942,664 |
| Income & Earnings | ||||
| Net Income From Continuing Operation Net Minority Interest | $-10,186,102 | $-2,150,474 | $-4,757,516 | $-17,010,548 |
| Net Interest Income | $-5,099,860 | $-763,581 | $-613,272 | $-5,014,194 |
| Normalized Income | $-10,316,445 | $-2,105,949 | $-4,773,361 | $-16,049,520 |
| Net Income From Continuing And Discontinued Operation | $-10,186,102 | $-2,150,474 | $-4,784,005 | $-17,379,770 |
| Total Operating Income As Reported | $-5,220,044 | $-1,342,368 | $-4,160,089 | $-11,035,326 |
| Net Income Common Stockholders | $-10,186,102 | $-2,150,474 | $-4,784,005 | $-17,379,770 |
| Net Income | $-10,186,102 | $-2,150,474 | $-4,784,005 | $-17,379,770 |
| Net Income Including Noncontrolling Interests | $-10,186,102 | $-2,150,474 | $-4,784,005 | $-17,379,770 |
| Net Income Continuous Operations | $-10,186,102 | $-2,150,474 | $-4,757,516 | $-17,010,548 |
| Pretax Income | $-10,186,102 | $-2,150,474 | $-4,757,516 | $-17,010,548 |
| Special Income Charges | $130,343 | $-44,525 | $0 | $-1,110,826 |
| Operating Income | $-5,220,044 | $-1,342,368 | $-4,160,089 | $-11,035,326 |
| Depreciation Amortization Depletion Income Statement | $3,845 | $0 | - | - |
| Depreciation And Amortization In Income Statement | $3,845 | $0 | - | - |
| Gross Profit | $-37,006 | $3,549 | $-393,929 | $118,363 |
| Net Income Discontinuous Operations | - | $0 | $-26,489 | $-369,222 |
| Per Share | ||||
| Diluted EPS | - | $-0.08 | $-0.24 | $-1.38 |
| Basic EPS | - | $-0.08 | $-0.24 | $-1.38 |
| Other | ||||
| Tax Effect Of Unusual Items | $0 | $0 | $0 | $0 |
| Tax Rate For Calcs | $0 | $0 | $0 | $0 |
| Normalized EBITDA (Bullshit earnings) | $-9,736,940 | $-1,342,239 | $-4,154,072 | $-11,022,745 |
| Total Unusual Items | $130,343 | $-44,525 | $15,845 | $-961,028 |
| Total Unusual Items Excluding Goodwill | $130,343 | $-44,525 | $15,845 | $-961,028 |
| Reconciled Depreciation | $3,845 | $129 | $6,017 | $12,581 |
| EBITDA (Bullshit earnings) | $-9,606,597 | $-1,386,764 | $-4,138,227 | $-11,983,773 |
| EBIT | $-9,610,442 | $-1,386,893 | $-4,144,244 | $-11,996,354 |
| Diluted NI Availto Com Stockholders | $-10,186,102 | $-2,150,474 | $-4,784,005 | $-17,379,770 |
| Other Special Charges | $-130,343 | $44,525 | $-17,973 | $1,110,826 |
| Research And Development | $432,847 | $432,631 | $255,088 | $211,025 |
| Selling General And Administration | $4,746,346 | $913,286 | $3,511,072 | $10,942,664 |
| Other Gand A | $4,746,346 | $913,286 | $3,511,072 | $10,942,664 |
| Diluted Average Shares | - | $28,436,063 | $20,339,391 | $12,578,271 |
| Basic Average Shares | - | $28,436,063 | $20,339,391 | $12,578,271 |
| Tax Provision | - | $0 | $0 | $0 |
| Gain On Sale Of Security | - | - | $15,845 | $149,798 |
Fetched: 2026-02-02
Balance Sheet (Annual)
| Metric | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Assets | ||||
| Net Tangible Assets | $-6,358,554 | $-7,552,009 | $-5,545,183 | $-3,893,797 |
| Total Assets | $3,397,110 | $255,790 | $206,972 | $228,751 |
| Total Non Current Assets | $389,949 | $229,338 | $113,949 | $44,183 |
| Other Non Current Assets | $18,947 | $13,947 | $3,410 | $26,439 |
| Goodwill And Other Intangible Assets | $11,914 | $11,914 | $11,914 | - |
| Other Intangible Assets | $11,914 | $11,914 | $11,914 | - |
| Current Assets | $3,007,161 | $26,452 | $93,023 | $184,568 |
| Prepaid Assets | $1,608,582 | $5,000 | $0 | $0 |
| Inventory | $350,866 | $0 | $117,980 | $119,418 |
| Receivables | $43,523 | $0 | $7,219 | $5,424 |
| Accounts Receivable | $43,523 | $0 | $7,219 | $5,424 |
| Allowance For Doubtful Accounts Receivable | $0 | $-186,750 | $-179,381 | $-179,381 |
| Gross Accounts Receivable | $43,523 | $186,750 | $186,600 | $184,805 |
| Cash Cash Equivalents And Short Term Investments | $1,004,190 | $21,452 | $85,804 | $38,895 |
| Cash And Cash Equivalents | $1,004,190 | $21,452 | $85,804 | $38,895 |
| Cash Financial | $1,004,190 | $21,452 | $85,804 | $38,895 |
| Assets Held For Sale Current | - | - | $0 | $20,831 |
| Non Current Prepaid Assets | - | - | - | $0 |
| Debt | ||||
| Net Debt | $5,769,449 | $5,225,101 | $4,144,768 | $2,209,764 |
| Total Debt | $6,944,655 | $5,455,454 | $4,326,315 | $2,268,619 |
| Long Term Debt And Capital Lease Obligation | $804,917 | $392,202 | $2,272,131 | $311,500 |
| Long Term Debt | $706,700 | $247,500 | $2,227,611 | $311,500 |
| Current Debt And Capital Lease Obligation | $6,139,738 | $5,063,252 | $2,054,184 | $1,957,119 |
| Current Debt | $6,066,939 | $4,999,053 | $2,002,961 | $1,937,159 |
| Other Current Borrowings | $6,066,939 | $4,999,053 | $2,002,961 | $1,937,159 |
| Liabilities | ||||
| Total Liabilities Net Minority Interest | $9,743,750 | $7,795,885 | $5,740,241 | $4,122,548 |
| Total Non Current Liabilities Net Minority Interest | $805,166 | $392,202 | $2,272,131 | $311,500 |
| Non Current Deferred Liabilities | $249 | $0 | - | - |
| Current Liabilities | $8,938,584 | $7,403,683 | $3,468,110 | $3,811,048 |
| Other Current Liabilities | $547,500 | $417,500 | - | $758,279 |
| Current Deferred Liabilities | $7,500 | $31,000 | - | - |
| Payables And Accrued Expenses | $2,243,846 | $1,891,931 | $1,413,926 | $1,095,650 |
| Interest Payable | $1,011,363 | $976,597 | $202,066 | $77,419 |
| Payables | $1,232,483 | $915,334 | $1,211,860 | $1,018,231 |
| Accounts Payable | $1,232,483 | $915,334 | $1,211,860 | $1,018,231 |
| Current Notes Payable | - | $417,500 | $0 | - |
| Equity | ||||
| Common Stock Equity | $-6,346,640 | $-7,540,105 | $-5,533,279 | $-3,893,807 |
| Total Equity Gross Minority Interest | $-6,346,640 | $-7,540,095 | $-5,533,269 | $-3,893,797 |
| Stockholders Equity | $-6,346,640 | $-7,540,095 | $-5,533,269 | $-3,893,797 |
| Retained Earnings | $-77,101,969 | $-66,915,867 | $-64,765,393 | $-60,372,841 |
| Preferred Stock Equity | - | $10 | $10 | $10 |
| Other Equity Interest | - | $1,534,480 | $4,865,611 | $2,288,551 |
| Other | ||||
| Ordinary Shares Number | $128,608,178 | $38,773,230 | $20,367,477 | $20,217,577 |
| Share Issued | $128,608,178 | $38,773,230 | $20,367,477 | $20,217,577 |
| Tangible Book Value | $-6,358,554 | $-7,552,019 | $-5,545,193 | $-3,893,807 |
| Invested Capital | $426,999 | $-2,293,552 | $-1,302,707 | $-1,645,148 |
| Working Capital | $-5,931,423 | $-7,377,231 | $-3,375,087 | $-3,626,480 |
| Capital Lease Obligations | $171,016 | $208,901 | $95,743 | $19,960 |
| Total Capitalization | $-5,639,940 | $-7,292,595 | $-3,305,658 | $-3,582,297 |
| Additional Paid In Capital | $70,626,721 | $57,802,509 | $54,346,136 | $54,170,266 |
| Capital Stock | $128,608 | $38,783 | $20,377 | $20,227 |
| Common Stock | $128,608 | $38,773 | $20,367 | $20,217 |
| Preferred Stock | $0 | $10 | $10 | $10 |
| Non Current Deferred Revenue | $249 | $0 | - | - |
| Long Term Capital Lease Obligation | $98,217 | $144,702 | $44,520 | $0 |
| Current Capital Lease Obligation | $72,799 | $64,199 | $51,223 | $19,960 |
| Current Accrued Expenses | $1,011,363 | $976,597 | $202,066 | $77,419 |
| Net PPE | $359,088 | $203,477 | $98,625 | $17,744 |
| Gross PPE | $359,088 | $203,477 | $98,625 | $17,744 |
| Other Properties | $359,088 | $203,477 | $98,625 | $17,744 |
| Finished Goods | $350,866 | $0 | $117,980 | $119,418 |
| Treasury Shares Number | - | $0 | - | - |
| Line Of Credit | - | - | - | $0 |
Fetched: 2026-02-02
Cash Flow Statement (Annual)
| Metric | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Free Cash Flow | ||||
| Free Cash Flow | $-2,507,328 | $-1,990,470 | $-1,706,849 | $-2,457,146 |
| Operating Activities | ||||
| Operating Cash Flow | $-2,315,411 | $-1,990,470 | $-1,706,849 | $-2,431,848 |
| Cash Flow From Continuing Operating Activities | $-2,315,411 | $-1,990,470 | $-1,706,024 | $-2,512,861 |
| Cash From Discontinued Operating Activities | - | $0 | $-825 | $81,013 |
| Operating Gains Losses | - | - | - | $981,866 |
| Investing Activities | ||||
| Capital Expenditure | $-191,917 | - | - | $-25,298 |
| Investing Cash Flow | $-191,917 | $0 | $-204,517 | $-25,298 |
| Cash Flow From Continuing Investing Activities | $-191,917 | $0 | $-204,517 | $-25,298 |
| Net Other Investing Changes | - | - | $-204,517 | - |
| Financing Activities | ||||
| Issuance Of Capital Stock | $272,500 | $230,021 | $0 | $1,494,265 |
| Financing Cash Flow | $3,490,066 | $1,926,118 | $1,937,444 | $2,365,244 |
| Cash Flow From Continuing Financing Activities | $3,490,066 | $1,926,118 | $1,612,444 | $1,683,704 |
| Net Common Stock Issuance | $272,500 | $230,021 | $0 | $1,494,265 |
| Common Stock Issuance | $272,500 | $230,021 | $0 | $1,494,265 |
| Cash From Discontinued Financing Activities | - | $0 | $325,000 | $681,540 |
| Net Other Financing Charges | - | $3,200 | - | $460,000 |
| Other | ||||
| Repayment Of Debt | $-646,634 | $-580,523 | $-437,786 | $-1,236,469 |
| Issuance Of Debt | $3,864,200 | $2,273,420 | $2,050,230 | $1,425,908 |
| Interest Paid Supplemental Data | $85,894 | $1,468 | $213,618 | $93,491 |
| Income Tax Paid Supplemental Data | $0 | $0 | $0 | $0 |
| End Cash Position | $1,004,190 | $21,452 | $85,804 | $59,726 |
| Beginning Cash Position | $21,452 | $85,804 | $59,726 | $151,628 |
| Changes In Cash | $982,738 | $-64,352 | $26,078 | $-91,902 |
| Net Issuance Payments Of Debt | $3,217,566 | $1,692,897 | $1,612,444 | $189,439 |
| Net Short Term Debt Issuance | $1,290,200 | $417,500 | $0 | $-592,973 |
| Short Term Debt Issuance | $1,290,200 | $417,500 | $0 | $439,590 |
| Net Long Term Debt Issuance | $1,927,366 | $1,275,397 | $1,612,444 | $-250,151 |
| Long Term Debt Payments | $-646,634 | $-580,523 | $-437,786 | $-203,906 |
| Long Term Debt Issuance | $2,574,000 | $1,855,920 | $2,050,230 | $986,318 |
| Net PPE Purchase And Sale | $-191,917 | $0 | $0 | $-25,298 |
| Purchase Of PPE | $-191,917 | $0 | $0 | $-25,298 |
| Change In Working Capital | $-78,986 | $489,989 | $282,437 | $1,853,882 |
| Change In Other Working Capital | $249 | - | - | - |
| Change In Other Current Assets | $-380,652 | $-10,666 | - | - |
| Change In Payables And Accrued Expense | $692,053 | $505,805 | $164,814 | $381,129 |
| Change In Accrued Expense | $474,369 | $275,883 | $124,646 | $36,534 |
| Change In Interest Payable | $397,737 | $275,883 | $124,646 | $36,534 |
| Change In Payable | $217,684 | $229,922 | $40,168 | $344,595 |
| Change In Account Payable | $217,684 | $229,922 | $40,168 | $344,595 |
| Change In Prepaid Assets | $3,753 | $-5,000 | $0 | $1,462,975 |
| Change In Inventory | $-350,866 | $0 | $119,418 | $-94,764 |
| Change In Receivables | $-43,523 | $-150 | $-1,795 | $104,542 |
| Changes In Account Receivables | $-43,523 | $-150 | $-1,795 | $104,542 |
| Other Non Cash Items | $7,945,832 | $-337,483 | $2,789,527 | $12,018,580 |
| Provisionand Write Offof Assets | $0 | $7,369 | $0 | $0 |
| Depreciation Amortization Depletion | $3,845 | $129 | $6,017 | $12,581 |
| Depreciation And Amortization | $3,845 | $129 | $6,017 | $12,581 |
| Depreciation | $3,845 | $129 | $6,017 | - |
| Net Income From Continuing Operations | $-10,186,102 | $-2,150,474 | $-4,784,005 | $-17,379,770 |
| Short Term Debt Payments | - | - | $-70,381 | $-1,032,563 |
| Gain Loss On Investment Securities | - | - | - | $-149,798 |
Fetched: 2026-02-02