We are a renewable fuel and power generation company. Our primary business objective is the production of sustainable, socially responsible alternatives to existing fossil fuel and industrial gas products. Our first commercially viable product is a metal cutting fuel called “MagneGas”. MagneGas is a proprietary synthetic gas comprised primarily of hydrogen that is produced by the Company from its patented Venturi® Flow Submerged Plasma Arc Gasification Units (“Gasification Units”). The Gasification Units are patent protected, and the technology has been licensed to the Company through an exclusive worldwide license. MagneGas is comprised primarily of hydrogen and created through a patented protected process, which we license under an exclusive worldwide license.
Company profile
Ticker
TRNFQ, TRNFQ
Exchange
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
Subsidiaries
MagneGas Welding Supply – Southeast, LLC • MagneGas Real Estate Holdings, LLC • MagneGas Production, LLC • MagneGas Welding Supply - South, LLC • MagneGas Welding Supply - West, LLC • MagneGas Limited • MagneGas Ireland Ltd. • Taronis – TGS, LLC ...
IRS number
320547454
Latest filings (excl ownership)
RW
Registration withdrawal request
19 Sep 22
8-K
Regulation FD Disclosure
26 May 22
15-12G
Securities registration termination
23 May 22
8-K
Departure of Directors or Certain Officers
11 Apr 22
8-K
Departure of Directors or Certain Officers
25 Mar 22
8-K
Triggering Events That Accelerate or Increase a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement
14 Mar 22
8-K
Departure of Directors or Certain Officers
4 Mar 22
8-K
Departure of Directors or Certain Officers
7 Feb 22
8-K
Taronis Fuels Announces Executive Transition
30 Nov 21
8-K
Other Events
16 Nov 21
Latest ownership filings
3
Ronald Jered Ruyle
21 Mar 22
SC 13D
ROSS WILBUR L JR
22 Jun 21
SC 13D
Wetherald Thomas
22 Jun 21
3
WILBUR L ROSS JR
22 Jun 21
4
Kevin C. Foti
16 Jun 21
3
Kevin C. Foti
14 Jun 21
4
Mary Patricia B Thompson
7 May 21
3
Iain Saunders
6 May 21
4
Richard L. Steinseifer
5 May 21
3
Richard L. Steinseifer
5 May 21
Financial summary
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Diluted EPS |
Annual (USD) | Dec 19 | |
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | |||
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Cash on hand (at last report) | 1.15 mm | 1.15 mm | 1.15 mm | |||
Cash burn (monthly) | (no burn) | 731.33 k | 420.33 k | |||
Cash used (since last report) | n/a | 31.21 mm | 17.94 mm | |||
Cash remaining | n/a | -30.06 mm | -16.79 mm | |||
Runway (months of cash) | n/a | -41.1 | -39.9 |
Institutional ownership, Q1 2021
13F holders | Current |
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Total holders | 0 |
Opened positions | 0 |
Closed positions | 0 |
Increased positions | 0 |
Reduced positions | 0 |
13F shares | Current |
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Total value | 0.00 |
Total shares | 0.00 |
Total puts | 0.00 |
Total calls | 0.00 |
Total put/call ratio | – |
Largest owners | Shares | Value |
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