SUBSEQUENT EVENTS	6 Months Ended
Jun. 30, 2025
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	NOTE 9 – SUBSEQUENT EVENTS Exchange of Accounts Payable and Accrued Expenses and Accrued Dividends and Warrants for Series J Preferred During July 2025, the Company entered into Series J Settlement Agreements with former holders of shares of Series E Preferred and Series G Preferred, pursuant to which, such former shareholders converted accrued dividends of $1,616 and cancelled warrants to purchase up to 35,000,000 shares of Common Stock in exchange for the issuance of an aggregate of 47 shares of Series J Preferred. On July 21, 2025, the Company entered into the A&S Settlement Agreement in connection with the A&S Claim in which all claims were resolved by the issuance of 1,250 shares of the Company’s Series J Senior Convertible Preferred Stock. In connection with the exchange of the A&S Claim, to Series J Preferred Stock, on July 21, 2025, the Company recorded a gain on debt extinguishment of $74,071. On July 21, 2025, the Company entered into a Series J Settlement Agreements with a vendor (the “July Vendor”), pursuant to which the July Vendor agreed to settle $379,961 in outstanding accounts payable and accrued expense payable in exchange for the issuance of an aggregate of 3,800 shares of Series J Preferred. In connection with the exchange of outstanding accounts payable and accrued expense to Series J Preferred Stock, the Company recorded a gain on debt extinguishment of approximately $324,000. On July 21, 2025, the Company entered into the Litigation Settlement Agreement with SCS. Pursuant to the Litigation Settlement Agreement, after determining that the Confidential Settlement Agreement and Mutual Release, effective on February 13, 2025 and its terms, the court determined that the settlement of $36,000 in money the Company owed to SCS claimed in exchange for the issuance of 360 shares of Series J Preferred Stock, effective as of July 23, 2025, was fair to SCS. The court entered an order which dismissed the action with prejudice. As of June 30, 2025 and December 31, 2024, the settlement amount of $36,000 has been recorded and reflected in accounts payable on the accompanying unaudited consolidated balance sheets.

SUBSEQUENT EVENTS

6 Months Ended

Jun. 30, 2025

NOTE 9 – SUBSEQUENT EVENTS

Exchange of Accounts Payable and Accrued Expenses and Accrued Dividends and Warrants for Series J Preferred

During July 2025, the Company entered into Series J Settlement Agreements with former holders of shares of Series E Preferred and Series G Preferred, pursuant to which, such former shareholders converted accrued dividends of $1,616 and cancelled warrants to purchase up to 35,000,000 shares of Common Stock in exchange for the issuance of an aggregate of 47 shares of Series J Preferred.

On July 21, 2025, the Company entered into the A&S Settlement Agreement in connection with the A&S Claim in which all claims were resolved by the issuance of 1,250 shares of the Company’s Series J Senior Convertible Preferred Stock. In connection with the exchange of the A&S Claim, to Series J Preferred Stock, on July 21, 2025, the Company recorded a gain on debt extinguishment of $74,071.

On July 21, 2025, the Company entered into a Series J Settlement Agreements with a vendor (the “July Vendor”), pursuant to which the July Vendor agreed to settle $379,961 in outstanding accounts payable and accrued expense payable in exchange for the issuance of an aggregate of 3,800 shares of Series J Preferred. In connection with the exchange of outstanding accounts payable and accrued expense to Series J Preferred Stock, the Company recorded a gain on debt extinguishment of approximately $324,000.

On July 21, 2025, the Company entered into the Litigation Settlement Agreement with SCS. Pursuant to the Litigation Settlement Agreement, after determining that the Confidential Settlement Agreement and Mutual Release, effective on February 13, 2025 and its terms, the court determined that the settlement of $36,000 in money the Company owed to SCS claimed in exchange for the issuance of 360 shares of Series J Preferred Stock, effective as of July 23, 2025, was fair to SCS. The court entered an order which dismissed the action with prejudice. As of June 30, 2025 and December 31, 2024, the settlement amount of $36,000 has been recorded and reflected in accounts payable on the accompanying unaudited consolidated balance sheets.

Transportation & Logistics Systems, Inc. 10-Q