Greenlit Ventures Inc., a company transitioning from marketing and management consulting to focusing on the encryption industry, has released its Form 10-Q report for the third quarter of 2025. The report highlights significant financial improvements and strategic business developments aimed at enhancing digital privacy solutions.
Financial Highlights
Net Loss: The company reported a net loss of $38,999 for the nine months ended September 30, 2025, a substantial improvement from the net loss of $218,892 during the same period in 2024. This reduction in net loss is primarily attributed to a decrease in professional fees, including stock-based compensation.
Net Loss Per Share: Basic and Diluted: The net loss per share for the nine months ended September 30, 2025, was $(0.01), compared to $(0.07) for the same period in 2024, reflecting the reduced net loss.
Operating Expenses: Operating expenses significantly decreased from $210,069 in the nine months ended September 30, 2024, to $28,451 in the same period in 2025. This decrease was mainly due to a reduction in professional fees and stock-based compensation.
Other Expense: Other expenses increased by 20%, from $8,823 in the nine months ended September 30, 2024, to $10,548 in the same period in 2025, primarily due to increased interest expenses.
Business Highlights
Business Model Transition: Greenlit Ventures Inc. has shifted its focus from marketing and management consulting to the encryption industry. The company has introduced ForceShield Mail and ForceShield VPN, designed to provide secure communication and privacy protection services.
Product Launches: In November 2021, the company launched ForceShield Mail, a secure email service, and ForceShield VPN, an encrypted VPN service. These products aim to meet the growing demand for digital privacy solutions.
Operational Focus: Currently, the company is in the development stage of its encryption industry segment. The Chief Executive Officer, who is the chief operating decision maker, is focusing on net income (loss) as a performance metric.
Future Outlook: Management is concentrating on securing additional funding and implementing strategic plans to ensure the company's continued operation. The company aims to expand its operations in the encryption industry and develop a suite of privacy-focused solutions.
Segment Reporting: Greenlit Ventures operates as a single reporting segment in the encryption industry, with no operations or sources of revenue outside the United States.
Management Changes: Significant management changes occurred in March 2021, with new leadership taking over. This new leadership has been pivotal in steering the company towards its current focus on digital privacy solutions.
SEC Filing: