TRUTANKLESS, INC.: 10-Q filed 2016-12-12

Name: TRUTANKLESS, INC.: 10-Q filed 2016-12-12
Creator: TRUTANKLESS, INC.

What TRUTANKLESS, INC. reported in its quarterly report filed 2016-12-12 (fiscal Q3 2016): 31 published measures, 84 facts as tagged in accession 0001393905-16-001113.

This filing

Form: 10-Q (quarterly report)
Filed: 2016-12-12
Fiscal period: fiscal Q3 2016
Accession: 0001393905-16-001113 on SEC EDGAR

Values are as tagged in this filing. A later filing can restate them; each measure links to its history page, which shows the latest-filed value per period. All TRUTANKLESS, INC. filings.

Reported measures

Total assets

Resources recognized on the balance sheet. Book assets are not the market value of the business.

Period	Value	Unit	Days
At 2016-09-30	567,397	USD
At 2015-12-31	857,419	USD

Total liabilities

Recognized obligations at the reporting date. The definition and scope differ from interest-bearing debt.

Period	Value	Unit	Days
At 2016-09-30	1,081,729	USD
At 2015-12-31	1,124,425	USD

Stockholders equity

The reported residual interest after liabilities. It is an accounting amount, not market capitalization.

Period	Value	Unit	Days
At 2016-09-30	-514,332	USD
At 2015-12-31	-267,006	USD

Cash and cash equivalents

Cash and qualifying short-term liquid investments under the filer’s accounting policy. Restricted cash and longer-term investments may be reported separately.

Period	Value	Unit
At 2016-09-30	42,742	USD
At 2015-12-31	3,618	USD
At 2015-09-30	73,024	USD
At 2014-12-31	40,446	USD

Net income or loss

Reported profit or loss for the period. Check the filing for attribution, exceptional items and discontinued operations before comparing companies.

Period	Value	Unit	Days
2016-07-01 to 2016-09-30	-802,802	USD	92
2016-01-01 to 2016-09-30	-2,651,724	USD	274
2015-07-01 to 2015-09-30	-823,398	USD	92
2015-01-01 to 2015-09-30	-3,200,934	USD	273

Operating cash flow

Cash generated or used by operating activities. Working-capital timing can make this differ substantially from reported income.

Period	Value	Unit	Days
2016-01-01 to 2016-09-30	-993,595	USD	274
2015-01-01 to 2015-09-30	-2,132,872	USD	273

Revenue

Revenue under this specific accounting concept. A missing value is not zero; filers can use other revenue concepts.

Period	Value	Unit	Days
2016-07-01 to 2016-09-30	84,775	USD	92
2016-01-01 to 2016-09-30	266,577	USD	274
2015-07-01 to 2015-09-30	39,576	USD	92
2015-01-01 to 2015-09-30	152,283	USD	273

Financing cash flow

Net cash from financing activities, including borrowing, repayments and transactions with owners. A positive amount does not establish operating profitability.

Period	Value	Unit	Days
2016-01-01 to 2016-09-30	1,036,550	USD	274
2015-01-01 to 2015-09-30	2,168,700	USD	273

Investing cash flow

Net cash from investing activities, including asset purchases, disposals and investment transactions. This differs from capital expenditure payments alone.

Period	Value	Unit	Days
2016-01-01 to 2016-09-30	-3,831	USD	274
2015-01-01 to 2015-09-30	-3,250	USD	273

Retained earnings or deficit

Accumulated undistributed earnings or deficit at the reporting date. This balance is not cash available for distribution.

Period	Value	Unit	Days
At 2016-09-30	-20,451,903	USD
At 2015-12-31	-17,800,179	USD

Basic weighted-average shares

Time-weighted shares used for basic earnings per share. This denominator differs from shares outstanding at a single reporting date.

Period	Value	Unit	Days
2016-07-01 to 2016-09-30	21,546,371	shares	92
2016-01-01 to 2016-09-30	20,869,582	shares	274
2015-07-01 to 2015-09-30	19,018,402	shares	92
2015-01-01 to 2015-09-30	18,134,375	shares	273

Basic earnings per share

Reported earnings or loss per basic common share or unit. Inspect attribution, share classes and restatements before comparing periods. This is not a market return.

Period	Value	Unit	Days
2016-07-01 to 2016-09-30	-0.04	USD/shares	92
2016-01-01 to 2016-09-30	-0.13	USD/shares	274
2015-07-01 to 2015-09-30	-0.04	USD/shares	92
2015-01-01 to 2015-09-30	-0.18	USD/shares	273

Net property, plant and equipment

Carrying amount of property, plant and equipment after accumulated depreciation, depletion and amortization. It is not replacement cost or market value.

Period	Value	Unit	Days
At 2016-09-30	2,581	USD
At 2015-12-31	5,885	USD

Share-based compensation expense

Reported noncash expense for share-based payment arrangements. Noncash treatment does not mean the awards have no economic cost to shareholders.

Period	Value	Unit	Days
2016-01-01 to 2016-09-30	461,000	USD	274
2015-01-01 to 2015-09-30	170,000	USD	273

Current assets

Assets classified as current under the normal operating cycle or one-year boundary. Not all current assets can be converted immediately into cash.

Period	Value	Unit	Days
At 2016-09-30	490,169	USD
At 2015-12-31	810,791	USD

Interest expense

Borrowing costs recognized as interest expense. This is distinct from cash interest paid and may not include every capitalized borrowing cost.

Period	Value	Unit	Days
2016-07-01 to 2016-09-30	37,537	USD	92
2016-01-01 to 2016-09-30	38,587	USD	274
2015-07-01 to 2015-09-30	19	USD	92
2015-01-01 to 2015-09-30	140	USD	273

Current liabilities

Obligations classified as current under the operating-cycle or one-year boundary. The balance includes more than short-term borrowing.

Period	Value	Unit	Days
At 2016-09-30	1,025,615	USD
At 2015-12-31	891,425	USD

Current accounts payable

Current amounts owed to suppliers for goods and services received. This is one component of current liabilities, not all accrued obligations.

Period	Value	Unit	Days
At 2016-09-30	339,136	USD
At 2015-12-31	620,910	USD

Net current accounts receivable

Current customer receivables after the allowance for credit loss. The balance is not cash collected or a guarantee of collection.

Period	Value	Unit	Days
At 2016-09-30	46,429	USD
At 2015-12-31	72,533	USD

Operating expenses

Recurring operating costs under this accounting concept, generally excluding production costs included in cost of sales. Check filing presentation before combining expense subtotals.

Period	Value	Unit	Days
2016-07-01 to 2016-09-30	559,485	USD	92
2016-01-01 to 2016-09-30	2,418,588	USD	274
2015-07-01 to 2015-09-30	809,242	USD	92
2015-01-01 to 2015-09-30	3,129,790	USD	273

Net inventory

Inventory carrying amount after applicable valuation and LIFO reserves. It does not establish realizable selling proceeds or inventory turnover without other inputs.

Period	Value	Unit	Days
At 2016-09-30	108,869	USD
At 2015-12-31	222,537	USD

Gross profit

Revenue less the costs directly attributed to the goods or services sold. It precedes other operating expenses and is not net income.

Period	Value	Unit	Days
2016-07-01 to 2016-09-30	12,583	USD	92
2016-01-01 to 2016-09-30	42,910	USD	274
2015-07-01 to 2015-09-30	-1,625	USD	92
2015-01-01 to 2015-09-30	-52,383	USD	273

Research and development expense

Research and development costs recognized as expense. Capitalization policies and acquired projects can make this differ from total cash invested in development.

Period	Value	Unit	Days
2016-07-01 to 2016-09-30	5,000	USD	92
2016-01-01 to 2016-09-30	7,549	USD	274
2015-07-01 to 2015-09-30	136,253	USD	92
2015-01-01 to 2015-09-30	408,048	USD	273

Common shares outstanding

Common shares outstanding at the reporting date. This point-in-time count differs from the weighted-average shares used for earnings per share and can exclude other share classes.

Period	Value	Unit	Days
At 2016-09-30	21,884,186	shares
At 2015-12-31	19,350,182	shares

Additional paid-in capital

Capital contributed above par value under this concept. It records historical contributions, not the current value of the equity or cash on hand.

Period	Value	Unit	Days
At 2016-09-30	19,875,687	USD
At 2015-12-31	16,763,822	USD

General and administrative expense

General and administrative costs reported under this concept, separate from selling expense. Filers group overhead differently, so compare presentation before comparing companies.

Period	Value	Unit	Days
2016-07-01 to 2016-09-30	256,073	USD	92
2016-01-01 to 2016-09-30	1,091,893	USD	274
2015-07-01 to 2015-09-30	301,234	USD	92
2015-01-01 to 2015-09-30	1,035,895	USD	273

Depreciation expense

Depreciation recognized for the period under this concept. It is a noncash allocation of asset cost and may exclude amortization and depletion reported elsewhere.

Period	Value	Unit	Days
2016-01-01 to 2016-09-30	3,304	USD	274
2015-01-01 to 2015-09-30	3,013	USD	273

Other nonoperating income or expense

Other income or expense outside operations under this concept. The composition is filer-specific and can include one-time items.

Period	Value	Unit	Days
2016-07-01 to 2016-09-30	-255,900	USD	92
2016-01-01 to 2016-09-30	-276,046	USD	274
2015-07-01 to 2015-09-30	-12,531	USD	92
2015-01-01 to 2015-09-30	-18,761	USD	273

Change in accounts receivable

The cash flow adjustment for the change in receivables during the period. A positive value under this concept means receivables grew and reduced operating cash flow.

Period	Value	Unit	Days
2016-01-01 to 2016-09-30	26,104	USD	274
2015-01-01 to 2015-09-30	18,361	USD	273

Change in inventories

The cash flow adjustment for the change in inventories during the period. A positive value under this concept means inventory grew and reduced operating cash flow.

Period	Value	Unit	Days
2016-01-01 to 2016-09-30	113,668	USD	274
2015-01-01 to 2015-09-30	35,761	USD	273

Change in accounts payable

The cash flow adjustment for the change in payables during the period. A positive value under this concept means payables grew and added to operating cash flow.

Period	Value	Unit	Days
2016-01-01 to 2016-09-30	-284,586	USD	274
2015-01-01 to 2015-09-30	-17,946	USD	273

Inspect the source

Entity: TRUTANKLESS, INC. / CIK 0001429393
Captured: 2026-09-20T09:02:21.212Z
SEC response SHA-256: e3f3203b950ecdbe2c99ab4058a8b62368454934183e5c49f5199e716da0093e

Current SEC company facts · Download the original response snapshot (gzip) · Download the selected JSON

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Read the published dataset with Python

import json
from urllib.request import urlopen

with urlopen("https://canlicapital.com/company-data/0001429393.json") as response:
    record = json.load(response)
print(record["fetched_at"])
print(record["policy"])
for concept in record["concepts"]:
    print(concept["tag"], next(iter(concept["observations"])))