Greentech Innovations Reports Increased Net Loss and Rising Liabilities for November 2025

Greentech Innovations, Inc. reported a net loss of $14,121 for the three months ended November 30, 2025, an increase from a net loss of $11,927 during the same period in 2024. The company's operating expenses rose by 48% to $6,753, primarily due to increased professional fees. For the six months ending November 30, 2025, the net loss decreased to $32,718 from $36,913 in the prior year, attributed to a reduction in operating expenses, which fell by 19% to $17,902. The overall financial performance indicates a mixed trend, with a notable decrease in losses over the longer term but an increase in the most recent quarter.

The company's total current liabilities increased to $467,081 as of November 30, 2025, compared to $434,363 at the end of the previous fiscal period. This increase was primarily driven by higher amounts due to related parties and accrued interest. Greentech Innovations has accumulated a total deficit of $39,182,351 since its inception in 2013, reflecting ongoing challenges in achieving profitability. The company continues to rely on funding from related parties, with $14,650 received during the six months ended November 30, 2025, compared to $17,681 in the same period of 2024.

Strategically, Greentech Innovations has undergone significant organizational changes, including a name change from Startech Labs, Inc. back to Greentech Innovations, Inc. in April 2025, along with a reverse stock split. The company is focused on developing customized web solutions, particularly in the travel and hospitality sectors, where it operates international online portals for users to search for economical flight and hotel options. Despite these efforts, the company remains in the development stage and has not yet generated significant revenue.

Operationally, Greentech Innovations has not reported any customer counts or user statistics in its filings, which may indicate that it is still in the early stages of product adoption. The company has not expanded geographically or increased its market share significantly, as it continues to develop its business model. The employee headcount remains unspecified, but the company has indicated that it is primarily funded through related party transactions and loans, which raises concerns about its long-term sustainability.

Looking ahead, Greentech Innovations acknowledges the need for additional financing to meet its operational costs and achieve profitability. The company plans to continue funding its operations through related party issuances and potential debt or equity sales. However, there is no assurance that it will secure the necessary funding, which could materially impact its ability to continue as a going concern. The management's outlook remains cautious, emphasizing the importance of successfully executing its business plan to generate revenue in the future.