Universal Token Reports Increased Net Loss and Strategic Shift Following Subsidiary Disposal

Universal Token, Inc., formerly known as Eco Bright Future, Inc., reported a net loss of $356,248 for the fiscal year ending December 31, 2025, compared to a net loss of $166,378 in the previous year. The company did not recognize any revenue during both fiscal years, reflecting ongoing challenges in generating income. Operating expenses increased significantly to $355,026 in 2025 from $156,838 in 2024, primarily due to higher professional fees associated with software development activities. The company’s accumulated deficit rose to $535,219 as of December 31, 2025, up from $178,971 a year earlier.

In a strategic shift, Universal Token disposed of its subsidiary, Universa Hub Africa (UHA), in November 2025, ceasing operations in Tunisia due to the lack of viability in pursuing licensing activities there. This decision was part of a broader strategy to focus on developing its blockchain technology and real-world asset tokenization platform, which aims to facilitate digital asset transactions. The company is currently awaiting approval for its Digital Asset Service Provider licensing application in El Salvador, which is critical for its operations.

Operationally, Universal Token has made significant investments in software development, with capitalized costs amounting to $708,000 in 2025, compared to $425,500 in 2024. The company’s total assets increased to $1,151,236 as of December 31, 2025, up from $515,039 in the previous year, largely due to these capitalized software development costs. However, the company’s liquidity remains a concern, with current assets dropping to $12,930 from $84,733 in 2024, indicating a need for additional capital to sustain operations.

The company’s workforce remains minimal, with only two full-time employees, including CEO George Athanasiadis and CTO Tomaz Strgar. Universal Token is actively seeking to expand its operations into other jurisdictions, including the United Arab Emirates and Thailand, where it plans to apply for additional licenses. The management has indicated that the ability to secure these licenses will be crucial for future growth and operational viability.

Looking ahead, Universal Token anticipates continued losses as it invests in its platform and seeks to establish a foothold in the digital asset market. The company has expressed the need to raise between $5 million and $25 million over the next two years to support its growth strategy. Management remains optimistic about the potential for future revenue generation once the platform is operational and licenses are secured, but acknowledges the inherent risks and uncertainties in achieving these goals.