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TRUTANKLESS, INC.: 10-Q filed 2021-11-15

What TRUTANKLESS, INC. reported in its quarterly report filed 2021-11-15 (fiscal Q3 2021): 32 published measures, 98 facts as tagged in accession 0001393905-21-000503.

This filing

Form
10-Q (quarterly report)
Filed
2021-11-15
Fiscal period
fiscal Q3 2021
Accession
0001393905-21-000503 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.

PeriodValueUnitDays
At 2021-09-302,152,486USD
At 2020-12-311,796,935USD

Total liabilities

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

PeriodValueUnitDays
At 2021-09-305,119,421USD
At 2020-12-314,160,417USD

Stockholders equity

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

PeriodValueUnitDays
At 2021-09-30-2,966,935USD
At 2020-12-31-2,363,482USD

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.

PeriodValueUnitDays
At 2021-09-30168,325USD
At 2020-12-31151,628USD
At 2020-09-3026,685USD
At 2019-12-314,342USD

Net income or loss

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

PeriodValueUnitDays
2021-07-01 to 2021-09-30-2,423,504USD92
2021-01-01 to 2021-09-30-6,108,851USD273
2021-04-01 to 2021-06-30-1,408,401USD91
2021-01-01 to 2021-03-31-2,276,946USD90
2020-07-01 to 2020-09-30-1,224,810USD92
2020-01-01 to 2020-09-30-8,331,470USD274
2020-04-01 to 2020-06-30-3,604,511USD91
2020-01-01 to 2020-03-31-3,502,149USD91

Operating cash flow

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

PeriodValueUnitDays
2021-01-01 to 2021-09-30-1,335,425USD273
2020-01-01 to 2020-09-30-1,390,802USD274

Capital expenditure payments

Cash payments to acquire property, plant and equipment. This taxonomy concept does not capture every form of investment or acquisition.

PeriodValueUnitDays
2021-01-01 to 2021-09-3025,298USD273
2020-01-01 to 2020-09-300USD274

Revenue

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

PeriodValueUnitDays
2021-07-01 to 2021-09-3016,557USD92
2021-01-01 to 2021-09-30199,371USD273
2020-07-01 to 2020-09-30361,008USD92
2020-01-01 to 2020-09-301,439,271USD274

Financing cash flow

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

PeriodValueUnitDays
2021-01-01 to 2021-09-301,377,420USD273
2020-01-01 to 2020-09-301,413,145USD274

Investing cash flow

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

PeriodValueUnitDays
2021-01-01 to 2021-09-30-25,298USD273
2020-01-01 to 2020-09-300USD274

Retained earnings or deficit

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

PeriodValueUnitDays
At 2021-09-30-49,101,922USD
At 2020-12-31-42,993,071USD

Basic weighted-average shares

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

PeriodValueUnitDays
2021-07-01 to 2021-09-3012,515,897shares92
2021-01-01 to 2021-09-3010,979,879shares273
2020-07-01 to 2020-09-306,970,361shares92
2020-01-01 to 2020-09-306,667,460shares274

Income tax expense or benefit

Current and deferred income tax expense or benefit for continuing operations. This accounting expense differs from cash taxes paid.

PeriodValueUnitDays
2021-07-01 to 2021-09-300USD92
2021-01-01 to 2021-09-300USD273
2020-07-01 to 2020-09-300USD92
2020-01-01 to 2020-09-300USD274

Operating income or loss

Operating revenue less operating expenses for the reporting period. It excludes items outside the reported operating result and is not free cash flow.

PeriodValueUnitDays
2021-07-01 to 2021-09-30-2,137,763USD92
2021-01-01 to 2021-09-30-4,610,338USD273
2020-07-01 to 2020-09-30-912,577USD92
2020-01-01 to 2020-09-30-5,219,827USD274

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.

PeriodValueUnitDays
At 2021-09-30590,365USD
At 2020-12-31871,708USD

Interest expense

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

PeriodValueUnitDays
2021-07-01 to 2021-09-30387,068USD92
2021-01-01 to 2021-09-301,489,638USD273
2020-07-01 to 2020-09-30385,028USD92
2020-01-01 to 2020-09-301,114,491USD274

Current liabilities

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

PeriodValueUnitDays
At 2021-09-304,804,010USD
At 2020-12-313,299,070USD

Net current accounts receivable

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

PeriodValueUnitDays
At 2021-09-301,950USD
At 2020-12-31109,966USD

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.

PeriodValueUnitDays
2021-07-01 to 2021-09-302,148,657USD92
2021-01-01 to 2021-09-304,664,074USD273
2020-07-01 to 2020-09-30964,316USD92
2020-01-01 to 2020-09-305,559,821USD274

Net inventory

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

PeriodValueUnitDays
At 2021-09-3066,826USD
At 2020-12-3124,654USD

Gross profit

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

PeriodValueUnitDays
2021-07-01 to 2021-09-3010,894USD92
2021-01-01 to 2021-09-3053,736USD273
2020-07-01 to 2020-09-3051,739USD92
2020-01-01 to 2020-09-30339,994USD274

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.

PeriodValueUnitDays
2021-07-01 to 2021-09-3037,273USD92
2021-01-01 to 2021-09-30214,037USD273
2020-07-01 to 2020-09-3029,734USD92
2020-01-01 to 2020-09-3093,812USD274

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.

PeriodValueUnitDays
At 2021-09-3045,388,479USD
At 2020-12-3139,961,979USD

Total equity including noncontrolling interests

Equity including the portion attributable to noncontrolling interests. It is larger than or equal to parent stockholders equity and is not market capitalization.

PeriodValueUnitDays
At 2021-09-30-2,966,935USD
At 2021-06-30-2,327,481USD
At 2021-03-31-1,864,650USD
At 2020-12-31-2,363,482USD
At 2020-09-30-1,399,167USD
At 2020-06-30-2,014,166USD
At 2020-03-31-2,771,392USD
At 2019-12-31-3,027,690USD

Other noncurrent assets

Noncurrent assets the filer does not present separately. The composition differs by filer and is described only in the filing.

PeriodValueUnitDays
At 2021-09-3030,565USD
At 2020-12-3113,722USD

Pre-tax income or loss from continuing operations

Income or loss from continuing operations before income taxes and noncontrolling interests. It excludes discontinued operations and is not net income.

PeriodValueUnitDays
2021-07-01 to 2021-09-30-2,423,504USD92
2021-01-01 to 2021-09-30-6,108,851USD273
2020-07-01 to 2020-09-30-1,224,810USD92
2020-01-01 to 2020-09-30-8,331,470USD274

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.

PeriodValueUnitDays
2021-07-01 to 2021-09-30688,199USD92
2021-01-01 to 2021-09-301,309,112USD273
2020-07-01 to 2020-09-30288,770USD92
2020-01-01 to 2020-09-301,071,675USD274

Interest paid, net

Cash interest paid during the period, net of amounts capitalized where the filer reports it that way. It differs from interest expense recognized.

PeriodValueUnitDays
2021-01-01 to 2021-09-3093,491USD273
2020-01-01 to 2020-09-30106,781USD274

Income taxes paid, net

Cash income taxes paid net of refunds during the period. It differs from income tax expense and can reflect prior years and estimated payments.

PeriodValueUnitDays
2021-01-01 to 2021-09-300USD273
2020-01-01 to 2020-09-300USD274

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.

PeriodValueUnitDays
2021-01-01 to 2021-09-30899,259USD273
2020-01-01 to 2020-09-30574,500USD274

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.

PeriodValueUnitDays
2021-01-01 to 2021-09-30-108,016USD273
2020-01-01 to 2020-09-30168,881USD274

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.

PeriodValueUnitDays
2021-01-01 to 2021-09-3042,172USD273
2020-01-01 to 2020-09-30-69,360USD274

Inspect the source

Entity
TRUTANKLESS, INC. / CIK 0001429393
Captured
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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Use this in research

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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"])))