Private company

Titan Environmental Solutions Inc.

Titan Environmental Solutions Inc. is an American computer programming services company based in Bloomfield Hills.1

Last updated Oct 20, 2026.

Overview

  • IndustryServices-Computer Programming Services1
  • HeadquartersDetroit, Michigan1
  • Incorporated inNV2
  • Business address8701 Grinnell Street, Detroit, Mi 482132
  • Filer categoryNon-accelerated filer, Smaller reporting company2
  • Legal formCorporation

United States. The principal components of our acquisition strategy are as follows:3 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2024

3.5%Gross margin4
-61.5%Operating margin4
-225.0%Net margin4
53.7%Revenue growth, 20244

Where the money goes

Where each dollar of revenue went, fiscal 2024

  • Cost of revenue97¢$9.2M
  • Other costs3¢$327.0K
  • Interest0¢$6.5K

Out of $9.6M in revenue.4 The company lost money this year.

Financial statements

Revenue56784$9.6M in 2024+5180% since 2018
0$2.5M$5.0M$7.5M$10.0M2018: $181.3K$181.3K20182019: $680.7K$680.7K2019+275%2020: $1.0M$1.0M2020+48%2021: $2.7M$2.7M2021+169%2022: $4.2M$4.2M2022+55%2023: $6.2M$6.2M2023+48%2024: $9.6M$9.6M2024+54%
Gross profit56784$333.5K in 2024+14840% since 2018
-$200.0K0$200.0K$400.0K$600.0K2018: $2.2K$2.2K20182019: $249.4K$249.4K2019+11072%2020: $463.4K$463.4K2020+86%2021: $508.5K$508.5K2021+10%2022: -$4.7K-$4.7K20222023: $322.7K$322.7K20232024: $333.5K$333.5K2024+3%
Operating income567984-$5.9M in 2024+2134% since 2018
-$15.0M-$10.0M-$5.0M02018: -$263.7K-$263.7K20182019: -$445.6K-$445.6K2019+69%2020: -$355.0K-$355.0K2020−20%2021: -$4.5M-$4.5M2021+1159%2022: -$1.1M-$1.1M2022−75%2023: -$11.0M-$11.0M2023+893%2024: -$5.9M-$5.9M2024−46%
Net income567984-$21.5M in 2024+5315% since 2018
-$150.0M-$100.0M-$50.0M02018: -$397.9K-$397.9K20182019: -$223.2K-$223.2K2019−44%2020: -$607.9K-$607.9K2020+172%2021: -$6.4M-$6.4M2021+961%2022: -$658.7K-$658.7K2022−90%2023: -$149.0M-$149.0M2023+22522%2024: -$21.5M-$21.5M2024−86%
Fiscal year2018201920202021202220232024
Revenue$181.3K5$680.7K6$1.0M7$2.7M7$4.2M8$6.2M4$9.6M4
Cost of revenue$179.1K5$431.4K6$546.6K7$2.2M7$4.2M8$5.9M4$9.2M4
Gross profit$2.2K5$249.4K6$463.4K7$508.5K7-$4.7K8$322.7K4$333.5K4
Operating expenses$4.5M9$1.1M8$11.3M4$6.2M4
Operating income-$263.7K5-$445.6K6-$355.0K7-$4.5M9-$1.1M8-$11.0M4-$5.9M4
Interest$170.7K6$228.7K7$455.8K7$6.5K4
Income before tax-$5.8M9-$2.4M9-$128.7M4-$10.4M4
Income tax$8097$89.8K7
Net income-$397.9K5-$223.2K6-$607.9K7-$6.4M9-$658.7K8-$149.0M4-$21.5M4
Earnings per share-$0.015-$0.015-$1.649-$2.089-$0.874-$0.104
Earnings per share (diluted)-$0.015-$0.015-$0.874-$0.104
Shares (weighted, basic)3.9M shares94.4M shares9170.7M shares4222.1M shares4
Shares (weighted, diluted)170.7M shares4222.1M shares4

Compare Titan Environmental Solutions Inc. with another company

Corporate structure

Titan Environmental Solutions Inc. sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Titan Environmental Solutions Inc.

  • Eleven 11 Management LLC Filed SCHEDULE 13G/A on Titan Environmental Solutions Inc., latest Aug 11, 2025 (3 filings since Aug 3, 2023)
  • Dominic Campo Filed SCHEDULE 13D on Titan Environmental Solutions Inc., latest Apr 28, 2025
  • Frank E. Celli Filed SCHEDULE 13D on Titan Environmental Solutions Inc., latest Mar 20, 2025
  • Glen Martin Miller Filed SCHEDULE 13D/A on Titan Environmental Solutions Inc., latest Mar 20, 2025 (2 filings since Jun 28, 2023)
  • Titan 5, LLC Filed SC 13D on Titan Environmental Solutions Inc., latest Jul 17, 2023
  • Jeffrey John Rizzo Filed SC 13D on Titan Environmental Solutions Inc., latest Jul 13, 2023
  • Titan Environmental Solutions Inc. Detroit, Michigan

Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Titan Environmental Solutions Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$15.1M4 Dec 31, 2024$7.2M4 Dec 31, 2023+108.4%
Accumulated depreciation$2.3M4 Dec 31, 2024$1.5M4 Dec 31, 2023+60.0%
Property and equipment, net$12.7M4 Dec 31, 2024$5.8M4 Dec 31, 2023+120.7%
Finance-lease assets$1.0K4 Dec 31, 2024
Operating-lease assets (leased space)$430.6K4 Dec 31, 2024$1.6M4 Dec 31, 2023−72.8%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$103.6K8 Dec 31, 2023$26.6K8 Dec 31, 2022+288.7%
Deposits held (banks)$35.5K4 Dec 31, 2024$14.6K4 Dec 31, 2023+143.1%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$12.4M4 Dec 31, 2024$6.5M8 Dec 31, 2023+90.9%
Intangible assets, net (excluding goodwill)$550.0K4 Dec 31, 2024$618.8K4 Dec 31, 2023−11.1%
Accumulated amortization$137.5K4 Dec 31, 2024$68.8K4 Dec 31, 2023+100.0%
Finite-lived intangibles, net$550.0K4 Dec 31, 2024$618.8K4 Dec 31, 2023−11.1%

Inventory

ItemLatestA year beforeChange
Inventory, total$145.0K8 Dec 31, 2023

Properties, in its own words

Our principal executive office is located at 300 E. Long Lake Rd, Bloomfield Hills, Michigan 48304, which is 5,251 square feet of office space that we lease at the rate of $7,964 per month. We also lease 47,000 square feet of office space and shop facilities in Detroit, Michigan at the rate of $9,000 per month. It is our belief that such space is adequate for our immediate business needs. Additional space may be required as we expand our business activities, but we do not foresee any significant difficulties in obtaining additional office facilities if deemed necessary.

Item 2 of the 10-K filed Mar 31, 2025.3

Leadership

Who has led Titan Environmental Solutions Inc., and when. Pick a name to see everywhere that person has worked.

Board members and other officers (6)

Named in SEC Form D filings

People the company listed in its private-offering notices.

  • Executive OfficerMichael Jansen named Jun 24, 202424
  • DirectorRichard Berman named Jan 13, 2023 to Jun 24, 202424

Former names

  • TRAQIQ, INC.Jul 26, 2017 to Nov 16, 20232
  • Thunderclap Entertainment, Inc.Mar 7, 2011 to Jul 20, 20172

Timeline

  1. Oct 7, 20258-K Executive or director change25
  2. Jun 12, 20258-K Entered a material agreement; New debt or obligation26
  3. Apr 21, 20258-K Executive or director change27
  4. Apr 9, 20258-K Executive or director change; Regulation FD disclosure28
  5. Mar 12, 20258-K Entered a material agreement; Unregistered sale of shares; Bylaws or fiscal year changed29
  6. Feb 14, 20258-K Executive or director change30
  7. Nov 6, 20248-K Financial statements and exhibits31
  8. Nov 1, 20248-K Entered a material agreement; Completed an acquisition or sale32
  9. Aug 16, 20248-K Financial statements and exhibits33
  10. Jul 18, 20248-K Entered a material agreement; Unregistered sale of shares34
  11. Jun 17, 20248-K Unregistered sale of shares; Bylaws or fiscal year changed35
  12. Jun 6, 20248-K Entered a material agreement36
  13. Jun 28, 2023New chief executive Glen Martin Miller becomes CEO12
  14. Apr 20, 2021New chief executive Ajay Sikka becomes CEO13

Filings

98 filings to the SEC since October 2021: 4 annual reports, 11 quarterly reports, 31 major events, 19 insider forms, 9 large holders, 2 private raises, 22 other. The latest 20:

  1. Jan 5, 2026SEC STAFF ACTION EDGAR
  2. Oct 7, 20258-K EDGAR
  3. Aug 11, 2025SCHEDULE 13G/A EDGAR
  4. Jun 12, 20258-K EDGAR
  5. May 20, 202510-Q EDGAR
  6. May 16, 2025NT 10-Q EDGAR
  7. Apr 30, 20253 EDGAR
  8. Apr 28, 20254 EDGAR
  9. Apr 28, 2025SCHEDULE 13D EDGAR
  10. Apr 21, 20258-K EDGAR
  11. Apr 9, 20258-K EDGAR
  12. Apr 7, 20253 EDGAR
  13. Mar 31, 202510-K EDGAR
  14. Mar 20, 2025SCHEDULE 13D/A EDGAR
  15. Mar 20, 2025SCHEDULE 13D EDGAR
  16. Mar 20, 20254 EDGAR
  17. Mar 20, 20254 EDGAR
  18. Mar 20, 20254 EDGAR
  19. Mar 12, 20258-K EDGAR
  20. Feb 14, 2025S-1/A EDGAR

The 98 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

10 open-market trades by officers, directors and large owners since October 2021: 4 buys and 6 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Oct 26, 2023Eleven 11 Management LLC10% ownerSale1,000$0.60$600Form 4
Oct 26, 2023Eleven 11 Management LLC10% ownerSale1,000$0.61$610Form 4
Oct 25, 2023Eleven 11 Management LLC10% ownerSale2,000$0.60$1.2KForm 4
Oct 25, 2023Eleven 11 Management LLC10% ownerSale2,000$0.61$1.2KForm 4
Oct 24, 2023Eleven 11 Management LLC10% ownerSale23,575$0.61$14.4KForm 4
Oct 24, 2023Eleven 11 Management LLC10% ownerSale23,575$0.61$14.4KForm 4
Jun 3, 2022Sikka AjayDirectorBuy300$3.00$900Form 4
Jun 2, 2022Sikka AjayDirectorBuy2,396$3.46$8.3KForm 4
Jun 1, 2022Soni SandeepPresident, KringleBuy160$173.44$27.8KForm 4
Jun 1, 2022Sikka AjayDirectorBuy2,720$2.75$7.5KForm 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Money raised

Private offerings the company reported to the SEC on Form D.

  1. Apr 5, 2024Raised $4.2 million in a private offering of equity Form D: $9 million offered in all Form D
  2. Jan 4, 2023Raised $200,000 in a private offering of securities Form D: $350,000 offered in all Form D

SEC filer profile

How Titan Environmental Solutions Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARTitan Environmental Solutions Inc.1
  • CIK0001514056
  • Employer ID (EIN)30-05803183
  • Filer statusNon-accelerated filer not an emerging growth company; a smaller reporting company; a shell company3
  • Incorporated inNevada3
  • Fiscal year endsDecember 311
  • Industry code (SIC)7371 Services-Computer Programming Services1
  • SEC reviewing officeOffice of Technology, Division of Corporation Finance1
  • Business address8701 Grinnell Street, Detroit, MI 482131
  • Phone425-818-05601
  • Shares outstanding41,247,856 as of May 20, 202511
  • Public float$1.2M as of Jun 28, 20243
  • AuditorFreed Maxick P.C., Buffalo, New York PCAOB ID 317; it also attests to the company’s internal control over financial reporting3
  • On EDGAR sinceMar 7, 20111
  • Filings225 in all: 8-K (43), 10-Q (41), 3 (17), NT 10-Q (15), 10-K (14), 4 (14), 8-K/A (13), S-1/A (13)1
    All 31 form types

    CORRESP (8), UPLOAD (7), 10-Q/A (6), 1-A/A (3), DEF 14C (3), NT 10-K (3), PRE 14C (3), S-1 (3), SC 13D (3), D (2), SCHEDULE 13D (2), 1-A (1), 10-K/A (1), 4/A (1), 8-A12G (1), EFFECT (1), QUALIF (1), RW (1), SC 13G (1), SC 13G/A (1), SCHEDULE 13D/A (1), SCHEDULE 13G/A (1), SEC STAFF ACTION (1)

  • Latest filingsAnnual report (10-K) Mar 31, 2025
    Quarterly report (10-Q) May 20, 2025
    Latest 8-K (8-K) Oct 7, 2025

Risk factors and legal proceedings

The risks Titan Environmental Solutions Inc. names in Item 1A of its 10-K filed Mar 31, 2025: 45 risks under these headings, as written.3

  • Risks Related to Our Finances and Business Plan
  • Since our transition to an environmental solutions company in January 2023, we lack an established operating history on which to evaluate our consolidated business and determine if we will be able to execute our business plan, and we can give no assurance that our operations will result in profits.
  • We have had a history of losses and may incur future losses, which may prevent us from attaining profitability.
  • If we are unable to obtain additional funding when needed, our business operations will be harmed, and if we do obtain additional financing, our then-existing stockholders may suffer substantial dilution.
  • Raising capital in the future could cause dilution to our existing stockholders and may restrict our operations or require us to relinquish rights.
  • Even if this offering is successful, if we do not obtain adequate capital funding or improve our financial performance, we may not be able to continue as a going concern.
  • We have a holding company ownership structure and will depend on distributions from our operating subsidiaries to meet our obligations. Contractual or legal restrictions applicable to our subsidiaries could limit payments or distributions from them.
  • Risks Related to Our Acquisition Strategy
  • We have made and expect to continue to make acquisitions as a primary component of our growth strategy. We may not be able to identify suitable acquisition candidates or consummate acquisitions on acceptable terms, or at all, which could disrupt our operations and adversely impact our business and operating results.
  • Increased competition for acquisition targets in our industry may affect the availability of acquisition targets, which could adversely affect our growth.
  • Our ability to acquire additional businesses may require us to raise capital through the sale of equity and/or debt securities, which we may be unable to do on acceptable terms.
  • We may be unable to successfully integrate acquisitions, which may adversely impact our operations.
The other 35 risks
  • Acquisitions that we complete may have an adverse impact on our results of operations.
  • We may be subject to claims arising from the operations of our various businesses for periods prior to the dates we acquired them.
  • Our resources may not be sufficient to manage our expected growth and the failure to properly manage our potential growth would be detrimental to our business.
  • Risks Related to our Business and Industry
  • We are subject to environmental and safety laws that restrict our operations and increase our costs.
  • We may become subject to environmental clean-up costs or litigation that could curtail our business operations and materially decrease our earnings.
  • Our business is capital intensive, requiring ongoing cash outlays that may strain or consume our available capital and force us to sell assets, incur debt, or sell equity on unfavorable terms.
  • Our business operations are currently concentrated in the State of Michigan and such geographic concentration of our business could adversely affect our business and financial condition.
  • We currently depend on a limited number of customers for our revenue.
  • Governmental authorities may enact climate change regulations that could increase our costs to operate.
  • Our operations are subject to environmental, health and safety laws and regulations, as well as contractual obligations that may result in significant liabilities.
  • Increases in the costs of fuel may reduce our operating margins.
  • Increases in the costs of disposal may reduce our operating margins.
  • Increases in the costs of labor may reduce our operating margins.
  • Increases in costs of insurance may reduce our operating margins.
  • We may not be able to maintain sufficient insurance coverage to cover the risks associated with our operations, which could result in uninsured losses that would adversely affect our financial condition.
  • Our failure to remain competitive with our numerous competitors, many of whom have greater resources than we do, could adversely affect our ability to retain existing customers and obtain future business.
  • We may lose contracts through competitive bidding, early termination or governmental action, or we may have to substantially lower prices in order to retain certain contracts, any of which would cause our revenue and our operating margins to decline.
  • Efforts by labor unions to organize our employees could divert management attention and increase our operating expenses.
  • Poor decisions by our regional and local managers could result in the loss of customers or an increase in costs, or adversely affect our ability to obtain future business.
  • We are vulnerable to factors affecting our local markets, which could adversely affect our stock price relative to our competitors.
  • Seasonal fluctuations will cause our business and results of operations to vary among quarters, which could adversely affect our stock price.
  • We are dependent on our management team and development and operations personnel, and the loss of one or more key employees or groups could harm our business and prevent us from implementing our business plan in a timely manner.
  • We have identified certain material weaknesses in our internal controls, which could cause stockholders and prospective investors to lose confidence in the reliability of our financing reporting.
  • We need additional capital to develop our business.
  • Risks Related to Ownership of our Common Stock
  • You may experience dilution of your ownership interest because of the future issuance of additional shares of our common stock and because of our preferred stock and outstanding rights to acquire common stock and warrants.
  • The market price of our common stock is likely to be volatile and could subject us to litigation.
  • There is currently only a limited public market for our common stock. Failure to develop or maintain a trading market could negatively affect the value of our common stock and make it difficult or impossible for you to sell any shares of our common stock that you hold.
  • Our shares are subject to the penny stock rules, which makes it difficult to trade our shares.
  • There may be restrictions on your ability to resell shares of common stock under Rule 144.
  • Sales of our currently issued and outstanding stock may become freely tradable pursuant to Rule 144 and may dilute the market for your shares and have a depressive effect on the price of the shares of our common stock.
  • Possible adverse effect of issuance of preferred stock.
  • We do not expect to pay dividends on our common stock and investors should not buy our common stock expecting to receive dividends.
  • We may need to raise additional capital in the future. Additional capital may not be available to us on reasonable terms, if at all, when or as we require. If we issue additional shares of our common stock or other securities that may be convertible into, or exercisable or exchangeable for, our common stock, our existing stockholders would experience further dilution and could trigger anti-dilution provisions in outstanding warrants.
  • Our officers and directors are entitled to indemnification from us for liabilities under our articles of incorporation, which could be costly to us and may discourage the exercise of stockholder rights.
  • Our bylaws and Nevada law may discourage, delay or prevent a change of control of our company or changes in our management, which could have the result of depressing the trading price of our common stock.

Legal proceedings

There are no material proceedings to which any director or officer, or any associate of any such director or officer, is a party that is adverse to our company or any of our subsidiaries or has a material interest adverse to our company or any of our subsidiaries. No director or executive officer has been a director or executive officer of any business which has filed a bankruptcy petition or had a bankruptcy petition filed against it during the past ten years. Except as described below, no current director or executive officer has been convicted of a criminal offense or is the subject of a pending criminal proceeding during the past ten years. No current director or executive officer has been the subject of any order, judgment or decree of any court permanently or temporarily enjoining, barring, suspending or otherwise limiting his involvement in any type of business, securities or banking activities during the past ten years. No current director or officer has been found by a court to have violated a federal or state securities or commodities law during the past ten years.

From time to time, we may become a party to litigation and subject to claims incident to the ordinary course of our business. Although the results of such litigation and claims in the ordinary course of business cannot be predicted with certainty, we believe that the final outcome of such matters will not have a material adverse effect on our business, results of operations or financial condition. Regardless of outcome, litigation can have an adverse impact on us because of defense costs, diversion of management resources and other factors. Currently, there is no litigation pending against our company that could materially affect our company other than as follows:

The opening of Item 3, Legal Proceedings.3

Sources

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