GLVT
Greenlit Ventures, Inc.1.5080
+0.0000+0%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
6.16MP/E (TTM)
-Basic EPS (TTM)
-0.01Dividend Yield
0%Recent Filings
10-Q
Q3 FY2025 results
Greenlit Ventures posted a narrower net loss of $9,371 for Q3 ended September 30, 2025, up 31% y/y from $7,128, driven by higher professional fees and interest expense, while YTD losses shrank 82% to $38,999 from $218,892 after skipping $175,000 in stock-based compensation. No revenue emerged in this development-stage encryption play, but operating expenses dropped sharply y/y. Convertible notes swelled to $191,001 at 8% interest maturing December 31, 2027, with $30,381 accrued interest and zero cash on hand. Expenses got covered by third parties. Disclosure controls falter.
10-Q
Q2 FY2025 results
Greenlit Ventures narrowed its Q2 net loss to $8,925 from $18,111 a year earlier, a 51% drop driven by lower professional fees, while six-month losses shrank 86% to $29,628 after skipping last year's $175,000 stock-based compensation. Operating expenses fell 65% year-over-year to $5,432, with interest expense up 24% to $3,493; no revenue yet as the encryption startup builds out ForceShield products. Cash sits at zero, offset by $33,270 in current liabilities and $185,303 in 8% convertible notes due 2027, funded via third-party payments for expenses. Losses align with 4,082,479 diluted shares, yielding $(0.00) per share. Convertible notes pose dilution risk if converted.
10-Q
Q1 FY2025 results
Greenlit Ventures narrowed its net loss to $20,703 for Q1 FY2025 ended March 31, 2025, down 89% y/y from $193,653, as operating expenses dropped 91% to $17,436 after skipping the prior year's $175,000 stock-based compensation hit. Interest expense ticked up 14% y/y to $3,267 on growing convertible notes, now at $172,746 (8% rate, due 2027, convertible at $0.05/share). No revenue yet in this development-stage encryption play, but cash burn stayed flat at zero via third-party expense coverage. Stockholders' deficit widened to $209,648 amid the $9,426 Q1 note issuance. Diluted EPS of $(0.01) aligns with 4,082,479 weighted shares; prior year's anti-dilution from notes flagged. Liquidity strains persist with zero cash and rising liabilities. Controls faltered. Competition shadows privacy tech gains.
10-K
FY2024 results
Greenlit Ventures posted a net loss of $227,487 for FY2024 ended December 31, 2024, up 258% from $63,589 in 2023, driven by $175,000 in stock-based compensation to its director and higher interest on convertible notes, while professional fees dropped to $40,441 from $57,272. With zero revenue and cash, the company relies on third-party funding for operations, converting $17,645 of notes into 352,900 shares during the year. Q4 saw a $5,674 note issuance for expenses, underscoring persistent liquidity strains without quarterly breakdowns to gauge momentum. Total liabilities climbed to $188,945, including $163,320 in notes due 2027. No dividends or buybacks occurred. Auditors flagged going concern doubts. Ownership concentration risks insider control.
10-Q
Q3 FY2024 results
Greenlit Ventures narrowed its Q3 net loss to $7,128 from $11,649 a year earlier, thanks to professional fees dropping 58% year-over-year, while nine-month losses widened to $218,892 from $49,406 amid $175,000 in stock-based compensation to the director. Operating expenses matched the net loss in Q3, but the nine-month figure ballooned 360% year-over-year due to that equity award. No revenue appeared, and cash stayed at zero, with operations funded via third-party advances converted to $157,646 in convertible notes at 8% interest maturing December 31, 2027. Convertible notes converted $17,645 into 352,900 shares during the period. Disclosure controls remain ineffective. Yet funding needs persist.
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