TRUTANKLESS, INC.: 10-Q filed 2017-08-14

Name: TRUTANKLESS, INC.: 10-Q filed 2017-08-14
Creator: TRUTANKLESS, INC.

What TRUTANKLESS, INC. reported in its quarterly report filed 2017-08-14 (fiscal Q2 2017): 29 published measures, 78 facts as tagged in accession 0001393905-17-000239.

This filing

Form: 10-Q (quarterly report)
Filed: 2017-08-14
Fiscal period: fiscal Q2 2017
Accession: 0001393905-17-000239 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 2017-06-30	517,444	USD
At 2016-12-31	509,794	USD

Total liabilities

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

Period	Value	Unit	Days
At 2017-06-30	1,753,456	USD
At 2016-12-31	1,136,419	USD

Stockholders equity

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

Period	Value	Unit	Days
At 2017-06-30	-1,236,012	USD
At 2016-12-31	-626,625	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 2017-06-30	15,605	USD
At 2016-12-31	87,134	USD
At 2016-06-30	1,790	USD
At 2015-12-31	3,618	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
2017-04-01 to 2017-06-30	-620,191	USD	91
2017-01-01 to 2017-06-30	-1,094,573	USD	181
2016-04-01 to 2016-06-30	-788,086	USD	91
2016-01-01 to 2016-06-30	-1,848,922	USD	182

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
2017-01-01 to 2017-06-30	-830,124	USD	181
2016-01-01 to 2016-06-30	-457,447	USD	182

Revenue

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

Period	Value	Unit	Days
2017-04-01 to 2017-06-30	142,831	USD	91
2017-01-01 to 2017-06-30	258,139	USD	181
2016-04-01 to 2016-06-30	66,278	USD	91
2016-01-01 to 2016-06-30	181,802	USD	182

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
2017-01-01 to 2017-06-30	758,595	USD	181
2016-01-01 to 2016-06-30	458,000	USD	182

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 2016-06-30	-2,381	USD	182

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 2017-06-30	-22,167,586	USD
At 2016-12-31	-21,073,013	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
2017-04-01 to 2017-06-30	24,143,855	shares	91
2017-01-01 to 2017-06-30	24,689,356	shares	181
2016-04-01 to 2016-06-30	20,832,691	shares	91
2016-01-01 to 2016-06-30	20,529,339	shares	182

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
2017-04-01 to 2017-06-30	-0.03	USD/shares	91
2017-01-01 to 2017-06-30	-0.04	USD/shares	181
2016-04-01 to 2016-06-30	-0.04	USD/shares	91
2016-01-01 to 2016-06-30	-0.09	USD/shares	182

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 2017-06-30	648	USD
At 2016-12-31	1,478	USD

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 2017-06-30	498,379	USD
At 2016-12-31	486,609	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
2017-04-01 to 2017-06-30	127,875	USD	91
2017-01-01 to 2017-06-30	260,911	USD	181
2016-04-01 to 2016-06-30	16,063	USD	91
2016-01-01 to 2016-06-30	32,332	USD	182

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 2017-06-30	1,073,742	USD
At 2016-12-31	988,262	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 2017-06-30	116,539	USD
At 2016-12-31	116,333	USD

Common-stock repurchase payments

Cash paid to reacquire common stock during the period. This is not an authorization limit or a direct measure of the net change in share count.

Period	Value	Unit	Days
2017-01-01 to 2017-06-30	84,000	USD	181

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
2017-04-01 to 2017-06-30	509,344	USD	91
2017-01-01 to 2017-06-30	902,053	USD	181
2016-04-01 to 2016-06-30	797,962	USD	91
2016-01-01 to 2016-06-30	1,859,103	USD	182

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 2017-06-30	218,208	USD
At 2016-12-31	62,836	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
2017-04-01 to 2017-06-30	17,028	USD	91
2017-01-01 to 2017-06-30	68,391	USD	181
2016-04-01 to 2016-06-30	13,946	USD	91
2016-01-01 to 2016-06-30	30,327	USD	182

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
2017-04-01 to 2017-06-30	34,570	USD	91
2017-01-01 to 2017-06-30	86,719	USD	181
2016-04-01 to 2016-06-30	1,618	USD	91
2016-01-01 to 2016-06-30	2,549	USD	182

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 2017-06-30	25,652,342	shares
At 2016-12-31	23,722,342	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 2017-06-30	20,848,845	USD
At 2016-12-31	20,382,603	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
2017-04-01 to 2017-06-30	367,950	USD	91
2017-01-01 to 2017-06-30	541,902	USD	181
2016-04-01 to 2016-06-30	407,716	USD	91
2016-01-01 to 2016-06-30	901,820	USD	182

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
2017-04-01 to 2017-06-30	-127,875	USD	91
2017-01-01 to 2017-06-30	-260,911	USD	181
2016-04-01 to 2016-06-30	-4,070	USD	91
2016-01-01 to 2016-06-30	-20,146	USD	182

Proceeds from issuing common stock

Cash received from issuing common stock during the period. It is gross of costs only where the filer reports it so, and it does not include noncash issuances.

Period	Value	Unit	Days
2017-01-01 to 2017-06-30	375,009	USD	181
2016-01-01 to 2016-06-30	300,000	USD	182

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
2017-01-01 to 2017-06-30	-206	USD	181
2016-01-01 to 2016-06-30	34,388	USD	182

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
2017-01-01 to 2017-06-30	-155,372	USD	181
2016-01-01 to 2016-06-30	128,905	USD	182

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

Every published concept a filing tagged, with the periods it covered, as reported in that filing at capture time. Forms 10-K, 10-K/A, 10-Q, 10-Q/A, 20-F, 20-F/A, 40-F, 40-F/A. A filing page needs at least 8 published concepts. Later filings can restate these values; the company history pages show the latest-filed value per period.

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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"])))