• Transportation and Logistics Systems reported a net loss of USD 324,884 for the quarter ended March 31, 2026, narrowing from USD 498,270 a year earlier.
• Loss from continuing operations improved to USD 235,142 from USD 403,961, while operating expenses fell 29.7% to USD 233,457.
• Interest expense dropped 97.6% to USD 1,685, while net loss attributable to common stockholders widened to USD 600,422 from USD 575,260 on higher accrued dividends of USD 275,538.
• Cash totaled USD 11,118 at March 31, 2026, with a working capital deficit of USD 8.53 million; management said substantial doubt remains about going-concern status.
• Company entered a deal to acquire Patriot Glass Solutions and four nanotechnology patents in a reverse triangular merger, with USD 4.75 million of consideration payable in 47,500 shares of Series J Senior Convertible Preferred Stock.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Transportation and Logistics Systems Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001493152-26-023215), on May 14, 2026, and is solely responsible for the information contained therein.