XML 26 R4.htm IDEA: XBRL DOCUMENT v3.23.3
Condensed Consolidated Statements of Operations - USD ($)
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Dec. 31, 2022
Dec. 31, 2021
Restructuring Cost and Reserve [Line Items]            
REVENUE $ 1,827,245 $ 919,738 $ 2,961,572 $ 1,569,853    
COST OF REVENUES 1,544,103 917,209 2,741,058 1,650,046    
GROSS LOSS 283,142 2,529 220,514 (80,193)    
OPERATING EXPENSES:            
Salaries and salary related costs 429,330 107,390 618,647 204,374    
Stock-based compensation 5,588,207 5,588,207    
Professional fees 729,892 7,817 924,671 23,447    
Depreciation and amortization 241,665 248,540    
General and administrative expenses 282,401 62,564 414,052 124,847    
Total Operating Expenses 7,271,496 177,771 7,794,117 352,668    
OPERATING LOSS (6,988,354) (175,242) (7,573,603) (432,861)    
OTHER INCOME (EXPENSE):            
Change in fair value of derivative liability 9,652 9,652    
Interest expense, net of interest income (359,180) (43,056) (438,832) (74,610)    
Other income 103,121 (122,463) 103,421 660,837    
Goodwill impairment (15,669,287) (15,669,287)    
Total other income (expense) (15,915,694) (165,519) (15,995,046) 586,227    
Net income (loss) before provision for income taxes (22,904,048) (340,761) (23,568,649) 153,366    
Provision for income taxes    
NET LOSS $ (22,904,048) $ (340,761) $ (23,568,649) $ 153,366    
LOSS PER UNIT (BASIC AND DILUTED)            
Net loss per unit basic $ (0.67)   $ (0.69)      
Net loss per unit diluted $ (0.67)   $ (0.69)      
Weighted-average units outstanding basic 33,959,755   33,959,755      
Weighted-average units outstanding diluted 33,959,755   33,959,755      
Titan Trucking LLC [Member]            
Restructuring Cost and Reserve [Line Items]            
REVENUE         $ 4,203,112 $ 3,315,256
COST OF REVENUES         4,207,852 3,317,225
GROSS LOSS         (4,740) (1,969)
OPERATING EXPENSES:            
Salaries and salary related costs         475,512 395,395
Professional fees         265,575 30,503
General and administrative expenses         359,175 237,243
Total Operating Expenses         1,100,262 663,141
OPERATING LOSS         (1,105,002) (665,110)
OTHER INCOME (EXPENSE):            
Interest expense, net of interest income         (199,453) (140,812)
Loss on sale of assets         (168,208) (262,264)
Employee Retention Credits         422,845
Forgiveness of Paycheck Protection Program loans         812,305
Other income         1,696 57,291
Total other income (expense)         446,340 77,060
NET LOSS         $ (658,663) $ (588,050)
LOSS PER UNIT (BASIC AND DILUTED)            
Net loss per unit basic         $ (6,587) $ (5,881)
Net loss per unit diluted         $ (6,587) $ (5,881)
Weighted-average units outstanding basic         100 100
Weighted-average units outstanding diluted         100 100