Greenlit reported no revenues for the year ended December 31, 2025 and recorded a net loss of $(48,501), or $(0.01) per share basic and diluted, reflecting lower operating expenses versus 2024. The reduction in losses compared with the prior year was driven primarily by decreased professional fees and the absence of stock-based compensation. Continued operations depend on raising additional capital and executing on customer acquisition for its encryption services.
Financial Highlights
- Revenue: No revenues reported for the year ended December 31, 2025.
- Operating Expenses: $34,048 for 2025, down from $215,441 in 2024, largely due to no stock-based compensation and lower professional fees.
- Net Income (Loss): Net loss of $(48,501) for 2025, improved from a net loss of $(227,487) in 2024.
- Net Loss Per Share: $(0.01) per share (Basic and Diluted) for the year ended December 31, 2025.
Business Highlights
- Revenue Trend & Operations: The company continues to report no revenues and remains focused on developing and commercializing encryption services; reduced cash burn improved operating runway in 2025.
- Customer & Service Focus: Business activities center on encryption services, with future viability tied to achieving profitable operations from these offerings.
- Operational Capacity & Funding: No material capital commitments were reported; operations are constrained by limited cash and reliant on external funding to continue.
- Cost Management: Management reduced operating loss through lower professional fees and eliminating stock-based compensation expense in 2025.
- Outlook & Risks: Forward-looking priorities include raising capital, acquiring customers, introducing products, and executing supply and service arrangements amid market risks that could affect growth.
Original SEC Filing:
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