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Titan Environmental Solutions Inc.: 10-Q filed 2023-11-14

What Titan Environmental Solutions Inc. reported in its quarterly report filed 2023-11-14 (fiscal Q3 2023): 46 published measures, 120 facts as tagged in accession 0001493152-23-041090.

This filing

Form
10-Q (quarterly report)
Filed
2023-11-14
Fiscal period
fiscal Q3 2023
Accession
0001493152-23-041090 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 Titan Environmental Solutions Inc. filings.

Reported measures

Total assets

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

PeriodValueUnitDays
At 2023-09-3026,781,027USD
At 2022-12-317,407,967USD

Total liabilities

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

PeriodValueUnitDays
At 2023-09-3014,932,523USD
At 2022-12-314,881,863USD

Stockholders equity

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

PeriodValueUnitDays
At 2023-09-3011,848,504USD
At 2023-06-3012,111,231USD
At 2023-03-312,031,503USD
At 2022-12-312,526,104USD
At 2022-09-30-1,500,308USD
At 2022-06-30-1,885,013USD
At 2022-03-31-1,544,252USD
At 2021-12-31-2,038,379USD

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 2023-09-30598,416USD
At 2022-12-3126,650USD

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
2023-07-01 to 2023-09-30-118,587,221USD92
2023-01-01 to 2023-09-30-142,155,870USD273
2023-04-01 to 2023-06-30-22,904,048USD91
2023-01-01 to 2023-03-31-664,601USD90
2022-07-01 to 2022-09-30-277,129USD92
2022-01-01 to 2022-09-30-123,763USD273
2022-04-01 to 2022-06-30-340,761USD91
2022-01-01 to 2022-03-31494,127USD90

Operating cash flow

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

PeriodValueUnitDays
2023-01-01 to 2023-09-30-2,153,563USD273
2022-01-01 to 2022-09-30-117,281USD273

Capital expenditure payments

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

PeriodValueUnitDays
2023-01-01 to 2023-09-30173,625USD273
2022-01-01 to 2022-09-303,254,502USD273

Revenue

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

PeriodValueUnitDays
2023-05-19 to 2023-09-30935,209USD135

Contract revenue excluding tax

Revenue from customer contracts excluding assessed taxes under this specific taxonomy concept. It is not automatically comparable to older revenue tags.

PeriodValueUnitDays
2023-07-01 to 2023-09-302,606,653USD92
2023-01-01 to 2023-09-305,568,224USD273
2022-07-01 to 2022-09-301,254,058USD92
2022-01-01 to 2022-09-302,823,911USD273

Financing cash flow

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

PeriodValueUnitDays
2023-01-01 to 2023-09-302,732,531USD273
2022-01-01 to 2022-09-303,164,880USD273

Investing cash flow

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

PeriodValueUnitDays
2023-01-01 to 2023-09-30-7,202USD273
2022-01-01 to 2022-09-30-2,972,683USD273

Retained earnings or deficit

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

PeriodValueUnitDays
At 2023-09-30-142,155,870USD

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
2023-07-01 to 2023-09-30181,683,636shares92
2023-01-01 to 2023-09-30135,720,702shares273

Diluted weighted-average shares

Weighted-average shares used for diluted earnings per share. Potential shares are included under the applicable dilution rules, not simply added to outstanding shares.

PeriodValueUnitDays
2023-07-01 to 2023-09-30181,683,636shares92
2023-01-01 to 2023-09-30135,720,702shares273

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.

PeriodValueUnitDays
2023-07-01 to 2023-09-30-0.65USD/shares92
2023-01-01 to 2023-09-30-1.05USD/shares273

Diluted earnings per share

Reported earnings or loss per share under dilution rules. Antidilutive instruments may be excluded. A diluted value can equal the basic value without implying no potential dilution.

PeriodValueUnitDays
2023-07-01 to 2023-09-30-0.65USD/shares92
2023-01-01 to 2023-09-30-1.05USD/shares273

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.

PeriodValueUnitDays
At 2023-09-305,404,424USD
At 2022-12-315,643,941USD

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.

PeriodValueUnitDays
2023-07-01 to 2023-09-302,278USD92
2023-01-01 to 2023-09-305,590,485USD273

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
2023-07-01 to 2023-09-30-1,819,660USD92
2023-01-01 to 2023-09-30-9,393,264USD273
2022-07-01 to 2022-09-30-244,551USD92
2022-01-01 to 2022-09-30-677,412USD273

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 2023-09-302,392,540USD
At 2022-12-31874,163USD

Current liabilities

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

PeriodValueUnitDays
At 2023-09-3010,714,406USD
At 2022-12-311,981,042USD

Goodwill carrying amount

Recognized goodwill remaining after accumulated impairment. It arises from business combinations and does not measure the current value of the company’s brand.

PeriodValueUnitDays
At 2023-09-306,650,621USD

Net finite-lived intangible assets

Finite-lived intangible assets after amortization. This excludes goodwill and should not be combined with indefinite-lived intangible assets without checking scope.

PeriodValueUnitDays
At 2023-09-3010,904,388USD
At 2022-12-31687,500USD

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 2023-09-301,194,047USD
At 2022-12-31517,583USD

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
2023-07-01 to 2023-09-302,463,588USD92
2023-01-01 to 2023-09-3010,257,704USD273
2022-07-01 to 2022-09-30280,584USD92
2022-01-01 to 2022-09-30633,253USD273

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 2023-09-30350,870USD

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
2023-07-01 to 2023-09-30643,928USD92
2023-05-19 to 2023-09-30546,902USD135
2023-01-01 to 2023-09-30864,440USD273
2022-07-01 to 2022-09-3036,033USD92
2022-01-01 to 2022-09-30-44,159USD273

Cost of revenue

Costs attributed to goods produced and sold and services provided during the period. This is not the sum of every operating expense.

PeriodValueUnitDays
2023-07-01 to 2023-09-301,962,725USD92
2023-01-01 to 2023-09-304,703,784USD273
2022-07-01 to 2022-09-301,218,025USD92
2022-01-01 to 2022-09-302,868,070USD273

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.

PeriodValueUnitDays
At 2023-09-3015,134,545shares
At 2022-12-310shares

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 2023-09-30154,002,798USD

Operating lease right-of-use asset

Carrying amount of the right to use leased assets under operating leases. It reflects discounted remaining payments, not the value of the underlying property.

PeriodValueUnitDays
At 2023-09-301,420,803USD
At 2022-12-31194,112USD

Operating lease liability

Present value of remaining operating lease payments. Discount-rate choices and lease terms affect the amount; it is not the sum of undiscounted future rent.

PeriodValueUnitDays
At 2023-09-301,494,826USD

Gross property, plant and equipment

Cost of property, plant and equipment before accumulated depreciation. Historical cost does not indicate current value or replacement cost.

PeriodValueUnitDays
At 2023-09-306,752,328USD
At 2022-12-316,741,605USD

Accumulated depreciation on property, plant and equipment

Cumulative depreciation, depletion and amortization recorded against property, plant and equipment. It measures cost allocation to date, not physical wear or market value.

PeriodValueUnitDays
At 2023-09-301,347,904USD
At 2022-12-311,097,664USD

Net intangible assets excluding goodwill

Intangible assets other than goodwill after amortization and impairment. Internally developed intangibles are usually not recognized, so this understates what a company relies on.

PeriodValueUnitDays
At 2023-09-3010,904,388USD
At 2022-12-31687,500USD

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 2023-09-308,251USD
At 2022-12-318,251USD

Prepaid expenses and other current assets

Prepayments and other current assets grouped under this concept. The balance is not cash and its composition differs by filer.

PeriodValueUnitDays
At 2023-09-30243,580USD
At 2022-12-31128,689USD

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
2023-07-01 to 2023-09-30268,534USD92
2023-01-01 to 2023-09-30682,583USD273
2022-07-01 to 2022-09-3070,041USD92
2022-01-01 to 2022-09-30194,889USD273

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.

PeriodValueUnitDays
2023-07-01 to 2023-09-30125,000USD92
2023-01-01 to 2023-09-30316,957USD273
2022-07-01 to 2022-09-3091,220USD92
2022-01-01 to 2022-09-30225,640USD273

Depreciation, depletion and amortization

Combined depreciation, depletion and amortization for the period. A noncash allocation of asset cost, not a measure of maintenance spending.

PeriodValueUnitDays
2023-07-01 to 2023-09-30426,337USD92
2023-01-01 to 2023-09-30674,879USD273
2022-07-01 to 2022-09-304,997USD92
2022-01-01 to 2022-09-304,997USD273

Amortization of intangible assets

Amortization recognized on finite-lived intangible assets. It follows acquisition accounting and does not indicate the intangibles are losing usefulness at that rate.

PeriodValueUnitDays
2023-07-01 to 2023-09-30287,990USD92
2023-01-01 to 2023-09-30464,589USD273
2022-07-01 to 2022-09-300USD92
2022-01-01 to 2022-09-300USD273

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.

PeriodValueUnitDays
2023-07-01 to 2023-09-3038,047USD92
2023-01-01 to 2023-09-30141,468USD273
2022-07-01 to 2022-09-30628USD92
2022-01-01 to 2022-09-30661,465USD273

Nonoperating income or expense

Total nonoperating income or expense, which can include interest, investment results and other items. A positive value is not operating profit.

PeriodValueUnitDays
2023-07-01 to 2023-09-30-116,767,561USD92
2023-01-01 to 2023-09-30-132,762,606USD273
2022-07-01 to 2022-09-30-32,578USD92
2022-01-01 to 2022-09-30553,649USD273

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
2023-01-01 to 2023-09-30275,540USD273
2022-01-01 to 2022-09-30134,980USD273

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
2023-01-01 to 2023-09-30307,126USD273
2022-01-01 to 2022-09-30199,205USD273

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
2023-01-01 to 2023-09-30-65,176USD273

Inspect the source

Entity
Titan Environmental Solutions Inc. / CIK 0001514056
Captured
2026-09-21T17:20:24.528Z
SEC response SHA-256
1842280944342a5bc953ceb2b24f148e4fd76bed1348caf09fa5807d514e3d11

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/0001514056.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"])))