Greenlit Ventures Reports Q2 2025 Financial Results with Reduced Net Loss

Greenlit Ventures Inc. reported its financial results for the second quarter of 2025, revealing a net loss of $8,925 for the three months ended June 30, a significant decrease from the $18,111 loss recorded in the same period of 2024. For the first half of 2025, the company incurred a net loss of $29,628, down 86% from $211,764 in the prior year. The reduction in losses is attributed primarily to a substantial decrease in operating expenses, which fell to $5,432 in Q2 2025 from $15,303 in Q2 2024, and to $22,868 for the first half of 2025 compared to $206,093 in the same period last year. The decrease in expenses was largely due to the absence of stock-based compensation, which had accounted for $175,000 in the previous year.

The company's balance sheet as of June 30, 2025, showed total liabilities of $218,573, an increase from $188,945 at the end of 2024. Current liabilities rose by 30% to $33,270, driven by increases in accounts payable and accrued liabilities. Greenlit Ventures continues to operate with a working capital deficiency of $33,270, compared to $25,625 at the end of 2024. The company reported no cash or current assets, indicating ongoing financial challenges.

In terms of strategic developments, Greenlit Ventures has been focusing on its transition into the encryption industry, having launched products such as ForceShield Mail and ForceShield VPN in late 2021. These services aim to address the growing demand for digital privacy solutions. The company has not reported any significant customer growth or engagement metrics in this filing, and it remains in the development stage of its new business model.

The company’s operational metrics indicate that it has maintained a consistent number of shares outstanding, with 4,082,479 common shares issued and no preferred shares. The management has expressed concerns regarding its ability to continue as a going concern, emphasizing the need for additional financing to meet its obligations. The company has not generated positive cash flow from operations and has not engaged in any financing or investing activities during the first half of 2025.

Looking ahead, Greenlit Ventures aims to secure additional funding to support its operations and strategic initiatives. However, the management cautions that there are no guarantees regarding the availability of such funds or the terms under which they may be obtained. The company’s future performance will depend on its ability to generate revenue from its encryption services and to manage its operational costs effectively.