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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Titan Environmental Solutions Inc (QB) | USOTC:TESI | OTCMarkets | Common Stock |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.04991 | -17.21% | 0.24009 | 0.2301 | 0.29 | 0.24009 | 0.24009 | 0.24009 | 4,650 | 14:59:41 |
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
(AMENDMENT NO. 1)
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date
of Report (Date of earliest event reported):
(Exact name of registrant as specified in charter)
(State or other Jurisdiction of Incorporation or Organization) |
(Commission File Number) |
(IRS Employer Identification No.) |
| (Address of Principal Executive Offices) | (zip code) |
(Registrant’s telephone number, including area code)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of registrant under any of the following provisions:
| Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | |
| Soliciting material pursuant to Rule 14a-12(b) under the Exchange Act (17 CFR 240.14a-12(b)) | |
| Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | |
| Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c) |
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered | ||
| N/A | N/A | N/A |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).
Emerging
growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
EXPLAINATORY NOTE
Item 9.01 Financial Statements and Exhibits.
(a) Not applicable.
(b) Pro Forma Financial Information
The unaudited pro forma condensed combined financial information for the Company required by Item 9.01(b) of Form 8-K is attached as Exhibit 99.1 to this Amendment No. 1 to the Original Form 8-K and incorporated herein by reference.
(c) Not applicable.
(d) Exhibits. The exhibits listed in the exhibit index below are being filed herewith.
| Exhibit | Description | |
| 99.1 | The unaudited pro forma condensed combined financial information of Titan Environmental Solutions Inc. as of and for the six months ended June 30, 2024 and the year ended December 31, 2023, and the related notes thereto | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Date: November 6, 2024 | TITAN ENVIRONMENTAL SOLUTIONS INC. | |
| By: | /s/ Glen Miller | |
| Glen Miller | ||
| Chief Executive Officer | ||
Exhibit 99.1
TITAN ENVIRONMENTAL SOLUTIONS INC.
PRO FORMA CONDENSED COMBINED FINANCIAL STATEMENTS
AS OF JUNE 30, 2024
(UNAUDITED)
On October 31, 2024, Titan Environmental Solutions Inc., a Nevada corporation (the “Company”), entered into the Stock Purchase Agreement dated as of October 31, 2024 (the “Purchase Agreement”) among the Company and its wholly-owned subsidiary, Recoup Technologies, Inc., a Delaware corporation (“Recoup”), and Recoup Partners, LLC, a Delaware limited liability company (the “Purchaser”), and consummated the transactions contemplated by Purchase Agreement, including the sale of Recoup to the Purchaser. Recoup is in the business of marketing an aerobic digestion technology solution for the disposal of food waste at the point of generation.
Pursuant to the Purchase Agreement, the Purchaser purchased from the Company all of the capital stock of Recoup for a purchase price equal to $1,000,000, which consisted of a promissory note of the Purchaser in the principal amount of $250,000 and the cancellation and release by certain affiliates of the Purchaser of indebtedness of the Company in the aggregate amount of $750,000. The Purchase Agreement contained standard representations and warranties by the Company and Recoup that, except for fundamental representations, remain in effect for 18 months following the closing date. The Company also agreed that, for a period of five years from closing date, the Company will not engage in a business that competes with the business of Recoup.
The sale of Recoup was accounted for as a business disposal. The unaudited pro forma condensed combined statements of operations of the Company for the year ended December 31, 2023 and for the six months ended June 30, 2024 is based on the historical consolidated financial statements of the Company.
The transaction accounting adjustments consist of those necessary to account for the sale of Recoup. The unaudited pro forma condensed combined statement of financial position as of June 30, 2024 gives effect to the Purchase Agreement as if the transaction had occurred on June 30, 2024, and includes all adjustments necessary to reflect the application of disposal accounting for the sale of Recoup. The unaudited pro forma condensed combined statements of operations for the year ended December 31, 2023 and the six months ended June 30, 2024, give effect to the Purchase Agreement as if the transaction had occurred on January 1, 2023 and includes all adjustments necessary to reflect the sale of Recoup.
The unaudited pro forma condensed combined financial information does not give effect to any cost savings, operating synergies or revenue synergies that may result from the disposition of Recoup or the costs to achieve any synergies.
The unaudited pro forma condensed combined financial statements are presented for informational purposes only, in accordance with Article 11 of Regulation S-X, and are not intended to represent or to be indicative of the income or financial position that the Company would have been reported had the sale of recoup been completed as of the dates set forth in the unaudited pro forma condensed combined financial statements due to various factors. The unaudited pro forma condensed combined statement of financial position does not purport to represent the future financial position of the Company and the unaudited pro forma condensed combined statements of operations do not purport to represent the future results of operations of the Company.
The unaudited pro forma condensed combined financial statements reflect management’s estimates of the fair values of tangible and intangible assets and liabilities disposed of in the sale of Recoup. Since these unaudited pro forma condensed combined financial statements have been prepared based on preliminary estimates of the fair values of assets and liabilities disposed of, the actual amounts to be reported in future filings may differ materially from the amounts used in the pro forma condensed combined financial statements.
The unaudited pro forma condensed combined financial information is presented to illustrate the estimated effects of the Recoup disposition, and should be read in conjunction with the following:
| I. | The audited consolidated financial statements of the Company as of and for the years ended December 31, 2023 and 2022; as filed with the Securities and Exchange Commission on April 15, 2024, included herein by reference. | |
| II. | The unaudited financial statements of the Company as of June 30, 2024 and for the six months ended June 30, 2024 and 2023; as filed with the Securities and Exchange Commission on August 19, 2024, included herein by reference. |
TITAN ENVIROMENTAL SOLUTIONS INC.
PRO FORMA CONDENSED COMBINED BALANCE SHEET
AS OF JUNE 30, 2024
(UNAUDITED)
| Transaction | ||||||||||||
| Historical | Accounting | Pro Forma | ||||||||||
| TESI | Adjustments | Combined | ||||||||||
| ASSETS | ||||||||||||
| Current Assets: | ||||||||||||
| Cash | $ | 56,787 | $ | (4,895 | )(A) | $ | 51,892 | |||||
| Accounts receivable, net | 2,087,317 | (282,022 | )(A) | 1,805,295 | ||||||||
| Note receivable | - | 250,000 | (A) | 250,000 | ||||||||
| Prepaid expenses and other current assets | 7,240 | - | 7,240 | |||||||||
| Employee loans | 149,452 | - | 149,452 | |||||||||
| Inventory | 504,930 | (504,930 | )(A) | - | ||||||||
| Total Current Assets | 2,805,726 | (541,847 | ) | 2,263,879 | ||||||||
| Property and equipment, net | 11,573,580 | (13,620 | )(A) | 11,559,960 | ||||||||
| Intangible assets, net | 6,269,813 | (5,685,438 | )(A) | 584,375 | ||||||||
| Goodwill | 20,381,882 | (6,516,916 | )(A) | 13,864,966 | ||||||||
| Other assets | 15,668 | - | 15,668 | |||||||||
| Right-of-use asset | 557,233 | - | 557,233 | |||||||||
| TOTAL ASSETS | $ | 41,603,902 | $ | (12,757,821 | ) | $ | 28,846,081 | |||||
| LIABILITIES, MEZZANINE EQUITY AND STOCKHOLDERS’ EQUITY (DEFICIT) | ||||||||||||
| LIABILITIES | ||||||||||||
| Current Liabilities: | ||||||||||||
| Accounts payable and accrued expenses | $ | 7,438,016 | $ | (870,392 | )(A) | $ | 6,567,624 | |||||
| Customer deposits | 612,569 | (578,478 | )(A) | 34,091 | ||||||||
| Accrued payroll and related taxes | 258,952 | - | 258,952 | |||||||||
| Convertible notes payable | 3,099,802 | - | 3,099,802 | |||||||||
| Convertible notes payable - related parties | 775,270 | - | 775,270 | |||||||||
| Notes payable | 3,668,732 | 250,000 | (A) | 3,918,732 | ||||||||
| Notes payable - related parties | 1,766,500 | (750,000 | )(A) | 1,016,500 | ||||||||
| Finance lease liability, current | 29,524 | - | 29,524 | |||||||||
| Operating lease liability, current | 222,243 | - | 222,243 | |||||||||
| Total Current Liabilities | 17,871,608 | (1,948,870 | ) | 15,922,738 | ||||||||
| Notes payable, net of current portion | 3,271,180 | - | 3,271,180 | |||||||||
| Notes payable, net of current portion - related parties | 2,897,368 | - | 2,897,368 | |||||||||
| Convertible notes payable, net of current portion | 183,231 | - | 183,231 | |||||||||
| Convertible notes payable, net of current portion - related parties | 61,091 | - | 61,091 | |||||||||
| Finance lease liability, non-current | 67,539 | - | 67,539 | |||||||||
| Operating lease liability, net of current portion | 355,862 | - | 355,862 | |||||||||
| Total Liabilities | 24,707,879 | (1,948,870 | ) | 22,759,009 | ||||||||
| MEZZANINE EQUITY | ||||||||||||
| Preferred stock, series B | 6,899,967 | - | 6,899,967 | |||||||||
| STOCKHOLDERS’ EQUITY (DEFICIT) | ||||||||||||
| Preferred stock, Series A | 140 | - | 140 | |||||||||
| Common stock | 2,539 | - | 2,539 | |||||||||
| Additional paid-in capital | 165,548,628 | - | 165,548,628 | |||||||||
| Accumulated deficit | (155,555,251 | ) | (10,808,951 | )(A) | (166,364,202 | ) | ||||||
| Total Stockholders’ Equity (Deficit) | 9,996,056 | (10,808,951 | ) | (812,895 | ) | |||||||
| TOTAL LIABILITIES, MEZZANINE EQUITY AND STOCKHOLDERS’ EQUITY (DEFICIT) | $ | 41,603,902 | $ | (12,757,821 | ) | $ | 28,846,081 | |||||
TITAN ENVIROMENTAL SOLUTIONS INC.
PRO FORMA CONDENSED COMBINED STATEMENT OF OPERATIONS
FOR THE SIX MONTHS ENDED JUNE 30, 2024
(UNAUDITED)
| Transaction | ||||||||||||
| Historical | Accounting | Pro Forma | ||||||||||
| TESI | Adjustments | Combined | ||||||||||
| REVENUE | $ | 4,416,933 | $ | (885,737 | )(B) | $ | 3,531,196 | |||||
| COST OF REVENUES | 3,726,129 | (149,183 | )(B) | 3,576,946 | ||||||||
| GROSS PROFIT | 690,804 | (736,554 | ) | (45,750 | ) | |||||||
| OPERATING EXPENSES | ||||||||||||
| Salaries and salary related costs | 1,100,042 | (164,056 | )(B) | 935,986 | ||||||||
| Professional fees | 2,030,556 | (61,718 | )(B) | 1,968,838 | ||||||||
| Depreciation and amortization expense | 386,705 | (351,357 | )(B) | 35,348 | ||||||||
| General and administrative expenses | 771,276 | (107,250 | )(B) | 664,026 | ||||||||
| Total operating expenses | 4,288,579 | (684,381 | ) | 3,604,198 | ||||||||
| OPERATING LOSS | (3,597,775 | ) | (52,173 | ) | (3,649,948 | ) | ||||||
| OTHER (EXPENSE) INCOME: | ||||||||||||
| Change in fair value of derivative liability | 17,500 | - | 17,500 | |||||||||
| Interest expense, net of interest income | (1,244,266 | ) | - | (1,244,266 | ) | |||||||
| Other income (expense), net | 211,628 | (26,517 | )(B) | 185,111 | ||||||||
| Total other (expense) income | (1,015,138 | ) | (26,517 | ) | (1,041,655 | ) | ||||||
| Provision for income taxes | - | - | - | |||||||||
| Net loss | $ | (4,612,913 | ) | $ | (78,690 | ) | $ | (4,691,603 | ) | |||
| DEEMED DIVIDEND RELATED TO SERIES B | (3,958,376 | ) | - | (3,958,376 | ) | |||||||
| DEEMED DIVIDEND RELATED TO ISSUANCE OF WARRANTS | (862,289 | ) | - | (862,289 | ) | |||||||
| Net income (loss) available to common stockholders | (9,433,578 | ) | (78,690 | ) | (9,512,268 | ) | ||||||
| Net loss per share | ||||||||||||
| Basic and diluted | (0.04 | ) | (0.04 | ) | ||||||||
| Weighted-average common shares outstanding | ||||||||||||
| Basic and diluted | 222,067,042 | 222,067,042 | ||||||||||
TITAN ENVIROMENTAL SOLUTIONS INC.
PRO FORMA CONDENSED COMBINED STATEMENT OF OPERATIONS
FOR THE YEAR ENDED DECEMBER 31, 2023
| Transaction | ||||||||||||
| Historical | Accounting | Pro Forma | ||||||||||
| TESI | Adjustments | Combined | ||||||||||
| REVENUE | $ | 7,624,584 | $ | (1,395,992 | )(C) | $ | 6,228,592 | |||||
| COST OF REVENUES | 6,503,135 | (597,243 | )(C) | 5,905,892 | ||||||||
| GROSS PROFIT | 1,121,449 | (798,749 | ) | 322,700 | ||||||||
| OPERATING EXPENSES | ||||||||||||
| Salaries and salary related costs | 1,720,492 | (189,808 | )(C) | 1,530,684 | ||||||||
| Stock based compensation | 5,590,486 | - | 5,590,486 | |||||||||
| Professional fees | 3,146,692 | (23,042 | )(C) | 3,123,650 | ||||||||
| Depreciation and amortization expense | 505,434 | (436,684 | )(C) | 68,750 | ||||||||
| General and administrative expenses | 1,074,634 | (88,949 | )(C) | 985,685 | ||||||||
| Goodwill Impairment | 20,364,001 | (20,364,001 | )(C) | - | ||||||||
| Total operating expenses | 32,401,739 | (21,102,484 | ) | 11,299,255 | ||||||||
| OPERATING LOSS | (31,280,290 | ) | 20,303,735 | (10,976,555 | ) | |||||||
| OTHER (EXPENSE) INCOME: | ||||||||||||
| Change in fair value of derivative liability | 41,670 | - | 41,670 | |||||||||
| Interest expense, net of interest income | (1,380,122 | ) | - | (1,380,122 | ) | |||||||
| Gain on forgiveness of note payable | 91,803 | - | 91,803 | |||||||||
| Loss on disposition of Recoup | - | (10,808,951 | )(A) | (10,808,951 | ) | |||||||
| Loss on extinguishment and on issuance of share rights | (116,591,322 | ) | - | (116,591,322 | ) | |||||||
| Other income (expense), net | 113,212 | (23,556 | )(C) | 89,656 | ||||||||
| Total other (expense) income | (117,724,759 | ) | (10,832,507 | ) | (128,557,266 | ) | ||||||
| Provision for income taxes | - | - | - | |||||||||
| Net loss | $ | (149,005,049 | ) | $ | 9,471,228 | $ | (139,533,821 | ) | ||||
| Deemed dividend | (1,075,000 | ) | - | (1,075,000 | ) | |||||||
| Net income (loss) available to common stockholders | (150,080,049 | ) | 9,471,228 | (140,608,821 | ) | |||||||
| Net loss per share | ||||||||||||
| Basic and diluted | $ | (0.88 | ) | $ | (0.82 | ) | ||||||
| Weighted-average common shares outstanding | ||||||||||||
| Basic and diluted | 170,715,695 | 170,715,695 | ||||||||||
TITAN ENVIRONMENTAL SOLUTIONS INC.
NOTES TO PRO FORMA CONDENSED COMBINED FINANCIAL STATEMENTS
JUNE 30, 2024 AND DECEMBER 31, 2023
(UNAUDITED)
NOTE 1 — BASIS OF PRO FORMA PRESENTATION
The accompanying unaudited pro forma condensed combined financial information has been prepared in accordance with Article 11 of Regulation S-X. The unaudited pro forma condensed combined financial information has been prepared to illustrate the effect of the Purchase Agreement (the “Recoup Transactions”) and have been prepared for informational purposes only.
The unaudited pro-forma condensed combined balance sheet as of June 30, 2024, assumes that the Recoup Transactions occurred on June 30, 2024. The unaudited pro forma condensed combined income statements for the six months ended June 30, 2024 and for the year ended December 31, 2023 assume that the Recoup Transactions occurred on January 1, 2023.
Management has made significant estimates and assumptions in its determination of the transaction accounting adjustments. As the unaudited pro forma condensed combined financial information has been prepared based on these preliminary estimates, the final amounts recorded may differ materially from the information presented.
The unaudited pro forma condensed combined financial information does not give effect to any anticipated synergies, operating efficiencies, tax savings, or cost savings that may be associated with the disposal of Recoup.
The transaction accounting adjustments reflecting the completion of the disposal transactions are based on currently available information and assumptions and methodologies that management believes are reasonable under the circumstances. The unaudited transaction accounting adjustments, which are described in the accompanying notes, may be revised as additional information becomes available and is evaluated. Therefore, it is likely that the actual adjustments will differ from the transaction accounting adjustments, and it is possible the difference may be material. Management believes that its assumptions and methodologies provide a reasonable basis for presenting all the significant effects of the disposal transactions based on information available to management at the current time and that the transaction accounting adjustments give appropriate effect to those assumptions and are properly applied in the unaudited pro forma condensed combined financial information.
The unaudited pro forma condensed combined financial information is not necessarily indicative of what the actual results of operations and financial position of the Company would have been had the sale taken place on the date indicated, nor are they indicative of the future consolidated results of operations or financial position of the post-disposition company. They should be read in conjunction with the historical financial statements and notes thereto of the Company.
NOTE 2 — TRANSACTION ACCOUNTING ADJUSTMENTS TO UNAUDITED PRO FORMA CONDENSED COMBINED FINANCIAL STATEMENTS
The transaction accounting adjustments included in the unaudited pro forma condensed combined balance sheet as of June 30, 2024 and the unaudited condensed combined pro forma statements of operations for the six months ended June 30, 2024 and the year ended December 31, 2023 are as follows:
| A. | Disposal of Recoup Entity |
| Account | DR | CR | ||||||||
| (A) | Accumulated deficit | 10,808,951 | ||||||||
| (A) | Accounts payable and accrued expenses | 870,392 | ||||||||
| (A) | Notes payable - related parties | 750,000 | ||||||||
| (A) | Deferred revenue | 578,478 | ||||||||
| (A) | Notes receivable | 250,000 | ||||||||
| (A) | Cash | 4,895 | ||||||||
| (A) | Goodwill | 6,516,916 | ||||||||
| (A) | Intangible assets, net | 5,685,438 | ||||||||
| (A) | Inventory | 504,930 | ||||||||
| (A) | Accounts receivable, net | 282,022 | ||||||||
| (A) | Notes payable | 250,000 | ||||||||
| (A) | Property and equipment, net | 13,620 | ||||||||
The pro forma condensed combined Balance Sheet include the effects of the Entry (A) which is the disposal of the assets of Recoup which consist of cash of $4,895, goodwill of $6,516,916, intangible assets of $5,685,438, inventory of $504,930, accounts receivables of $282,022 and property and equipment of $13,620. All liabilities removed from Recoup were accounts payable and accrued expenses of $870,392, and customer deposits of $578,478.
In connection with the sale of Recoup, the Company received $250,000 in the form of a note receivable that has a maturity date for repayment of December 2024. The Company recorded a loss on disposition of $10,808,951 for the difference in net assets and total consideration of $1,000,000.
| B. | Elimination of Recoup Income Statement Activity for The Six Months Ending June 30, 2024 |
The pro forma condensed combined Statement of Operations include the effects of the removal of all Recoup activity for the six months ended June 30, 2024.
RECOUP TECHNOLOGIES
COMBINED STATEMENT OF OPERATIONS
FOR THE SIX MONTHS ENDED JUNE 30, 2024
(UNAUDITED)
| June 30, | ||||
| 2024 | ||||
| REVENUE | $ | 885,737 | ||
| COST OF REVENUES | 149,183 | |||
| GROSS PROFIT | 736,554 | |||
| OPERATING EXPENSES | ||||
| Salaries and salary related costs | 164,056 | |||
| Professional fees | 61,718 | |||
| Depreciation and amortization expense | 351,357 | |||
| General and administrative expenses | 107,250 | |||
| Total operating expenses | 684,381 | |||
| OPERATING LOSS | 52,173 | |||
| OTHER (EXPENSE) INCOME: | ||||
| Other income (expense), net | 26,517 | |||
| Total other (expense) income | 26,517 | |||
| Provision for income taxes | - | |||
| Net loss | $ | 78,690 | ||
| C. | Elimination of Recoup Income Statement Activity for The Year Ending December 31, 2023 |
The pro forma condensed combined Statement of Operations include the effects of the removal of all Recoup activity for the year ended December 31, 2023.
RECOUP TECHNOLOGIES
PRO FORMA CONDENSED COMBINED STATEMENT OF OPERATIONS
FOR THE YEAR ENDED DECEMBER 31, 2023
| December 31, | ||||
| 2023 | ||||
| REVENUE | $ | 1,395,992 | ||
| COST OF REVENUES | 597,243 | |||
| GROSS PROFIT | 798,749 | |||
| OPERATING EXPENSES | ||||
| Salaries and salary related costs | 189,808 | |||
| Professional fees | 23,042 | |||
| Depreciation and amortization expense | 436,684 | |||
| General and administrative expenses | 88,949 | |||
| Goodwill Impairment | 20,364,001 | |||
| Total operating expenses | 21,102,484 | |||
| OPERATING LOSS | (20,303,735 | ) | ||
| OTHER (EXPENSE) INCOME: | ||||
| Other income (expense), net | 23,556 | |||
| Total other (expense) income | $ | 23,556 | ||
| Provision for income taxes | - | |||
| Net loss | $ | (20,280,179 | ) | |
NOTE 3 — PRO FORMA NET LOSS PER SHARE
| June 30, | December 31, | |||||||
| 2024 | 2023 | |||||||
| Numerator: | ||||||||
| Pro forma net loss | $ | (4,691,603 | ) | $ | (139,533,821 | ) | ||
| Denominator: | ||||||||
| Weighted average common shares outstanding (basic and diluted) | 222,067,042 | 170,715,695 | ||||||
| Pro forma basic and diluted net loss per share | $ | (0.02 | ) | $ | (0.82 | ) | ||
NOTE 4 — INCOME TAXES
The pro forma condensed combined financial statements do not include an income tax provision as it is more likely than not that the Company will not be able to utilize the loss carry forwards. The Company is subject to income taxation in the U.S. federal tax jurisdiction and various state tax jurisdictions. The Company and its U.S. subsidiaries file a consolidated federal income tax return and is taxed as a C-Corporation, whereby it is subject to federal and state income taxes.
Cover |
Oct. 31, 2024 |
|---|---|
| Cover [Abstract] | |
| Document Type | 8-K/A |
| Amendment Flag | true |
| Amendment Description | On November 1, 2024, Titan Environmental Solutions Inc. (the “Company”) filed a Current Report on Form 8-K (the “Original Form 8-K”) to report the sale of its wholly-owned subsidiary, Recoup Technologies, Inc. (“Recoup”). This Amendment No. 1 to the Original Form 8-K amends and supplements Item 9.01 of the Original Form 8-K to provide the unaudited pro form condensed combined financial information of the Company pursuant to Items 9.01(b) of Form 8-K that was excluded from the Original Form 8-K in reliance on the instructions to such items. Except as noted in this paragraph, no other information contained in the Original Form 8-K is amended or supplemented. |
| Document Period End Date | Oct. 31, 2024 |
| Entity File Number | 000-56148 |
| Entity Registrant Name | TITAN ENVIRONMENTAL SOLUTIONS INC. |
| Entity Central Index Key | 0001514056 |
| Entity Tax Identification Number | 30-0580318 |
| Entity Incorporation, State or Country Code | NV |
| Entity Address, Address Line One | 300 E. Long Lake Road |
| Entity Address, Address Line Two | Suite 100A |
| Entity Address, City or Town | Bloomfield Hills |
| Entity Address, State or Province | MI |
| Entity Address, Postal Zip Code | 48304 |
| City Area Code | (248) |
| Local Phone Number | 775-7400 |
| Written Communications | false |
| Soliciting Material | false |
| Pre-commencement Tender Offer | false |
| Pre-commencement Issuer Tender Offer | false |
| Entity Emerging Growth Company | false |
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