Leet Inc. reports full-year 2025 results showing severe pressure on its eSports platform business. Revenue fell to $9,842 from $715,288 in 2024, turning a prior gross profit into a gross loss of $303,443.
Net loss widened sharply to $633,441 versus $20,894 a year earlier, driven mainly by lost white-label contract revenue. The company ended 2025 with cash of $3,994, a working capital deficit of $5,030,559 and an accumulated deficit of $13,755,305, leading auditors to highlight substantial doubt about its ability to continue as a going concern.
Operations are being sustained by related-party and director financing, including $409,489 of advances from related parties in 2025. Major shareholder and director Dai Song controls 74.5% of ordinary shares, and related entities are significant creditors, underscoring both concentrated ownership and financing dependence.