Greenlit Ventures Inc. reported a net loss of $9,797 for the three months ended June 30, 2026, compared with $8,925 a year earlier; the company attributed the increase mainly to higher audit fees and interest expense. For the six months, net loss was $28,293 versus $29,628, with the decrease attributed mainly to lower professional fees. Operating cash flow was $0 in both six-month periods.
At June 30, 2026, cash and total assets were $0, current liabilities were $60,975 and the working capital deficiency was $60,975. Convertible notes payable, net of debt discount, were $204,764, accrued interest was $42,153, and accumulated deficit was $799,954. The company says minimal revenue since inception and these factors raise substantial doubt about its ability to continue as a going concern; it relies on generating cash flows or obtaining additional financing, with no assurance funds will be available on acceptable terms. Management concluded disclosure controls and procedures were not effective at period end. Common shares issued and outstanding were 4,082,479 as of September 23, 2026.
Greenlit Ventures Inc. (GLVT) reported minimal activity for the quarter ended March 31, 2026, remaining in development of its encryption-focused products ForceShield Mail and ForceShield VPN and generating no revenue. The company recorded a net loss of $18,496, slightly improved from a $20,703 loss a year earlier, driven mainly by lower professional fees.
The balance sheet is highly constrained, with no cash or other assets, total liabilities of $255,942 and a matching stockholders’ deficit of $255,942. Current liabilities were $58,218, producing a working capital deficit of the same amount. Greenlit is financed primarily through convertible notes totaling $197,724 (all maturing December 31, 2027) plus $38,154 of accrued interest.
Management states that recurring losses, minimal revenue since inception, and the accumulated deficit of $790,157 raise substantial doubt about the company’s ability to continue as a going concern. Continuation depends on securing additional funding and eventually generating cash from operations. Management also concludes that disclosure controls and procedures were not effective as of March 31, 2026, although no material changes to internal control over financial reporting occurred during the quarter.
Greenlit Ventures Inc. submitted a Form 12b-25 notifying the SEC that its Form 10-Q for the quarter ended March 31, 2026 could not be filed on time. The company attributes the delay to difficulties finalizing audit materials "which could not be eliminated without unreasonable effort or expense." The notification is signed by Fu Yong Nan, Chief Executive Officer, dated May 15, 2026.
Greenlit Ventures Inc. reports another year of development-stage operations with minimal activity and continued losses. For the year ended December 31, 2025, the company recorded a net loss of $48,501, a sharp improvement from a $227,487 loss in 2024, mainly because 2024 included $175,000 of stock-based compensation.
As of December 31, 2025, Greenlit had no assets or cash, total liabilities of $237,446, and an accumulated deficit of $771,661, resulting in a stockholders’ deficit of $237,446. Current liabilities of $43,998 and a convertible note balance of $193,448 highlight its reliance on creditor funding.
The auditor and management both state that these losses, deficits and the lack of capital raise substantial doubt about Greenlit’s ability to continue as a going concern. The business remains focused on consulting and beta-stage encryption products, has one employee (its CEO/CFO/director), no public trading market, and 4,082,479 common shares outstanding, with control concentrated in a single majority holder.
Greenlit Ventures Inc. notified the SEC that its Form 10-K for the period ended December 31, 2025 could not be filed on time because the company had difficulties finalizing audit materials that "could not be eliminated without unreasonable effort or expense." The company executed a Rule 12b-25 notification dated April 1, 2026.
Greenlit Ventures Inc. (GLVT) filed its Q3 2025 report, showing continued operating losses and liquidity strain. The company reported a net loss of $9,371 for the quarter and $38,999 for the nine months ended September 30, 2025, with no revenue. Interest expense was $3,788 in Q3 and $10,548 year-to-date.
Liquidity remains challenged: the balance sheet shows $0 cash, current liabilities of $36,943, and a working capital deficit of $36,943. Non-current convertible notes totaled $191,001, bearing 8% interest and maturing on December 31, 2027, convertible at $0.05 per share. Accumulated deficit reached $762,159. Management disclosed “substantial doubt” about the company’s ability to continue as a going concern.
Shares outstanding were 4,082,479 as of October 14, 2025. The company recorded $0 stock-based compensation year-to-date versus $175,000 in the prior-year period, contributing to the lower year-over-year loss. Management concluded disclosure controls and procedures were not effective as of the period end.