Greenlit Ventures, Inc.

GLVT: 10-Q · periodic report

Greenlit Ventures filed its 10-Q for the quarter ended June 30, 2026 reporting a net loss of $9,797 for the quarter and $28,293 for the six-month period, with zero revenue, zero cash, and total assets of $0. The company disclosed substantial doubt about its ability to continue as a going concern, citing an accumulated deficit of $799,954 and a working capital deficiency of $60,975 funded by convertible notes bearing 8% interest, convertible at $0.05 per share. Management also concluded its disclosure controls and procedures were not effective as of quarter-end, adding a governance concern on top of the going-concern warning for this development-stage encryption-services micro-cap.

SEC 10-Q•18d ago

GLVT: 10-Q · periodic report

Greenlit Ventures Inc. filed its Form 10-Q for the quarter ended March 31, 2026 on September 17, 2026, more than five months after the quarter closed. The development-stage encryption software company reported zero cash, zero total assets, and total liabilities of $255,942, including $197,724 of convertible notes bearing 8% interest, convertible at $0.05 per share and due December 31, 2027. For the quarter, Greenlit posted a net loss of $18,496 (versus $20,703 a year earlier), driven by $14,627 of professional fees and $3,869 of interest expense, with no revenue. The accumulated deficit reached $790,157 and the working capital deficit widened 32% to $58,218. Management disclosed substantial doubt about the company's ability to continue as a going concern and concluded its disclosure controls and procedures were not effective. Ongoing operations are funded entirely by advances from unaffiliated parties, with $4,276 of expenses paid by such parties during the quarter. With only 4,082,479 shares outstanding, no revenue-generating operations, and a late-filed report admitting internal-control failures, the filing underscores elevated solvency and compliance risk for GLVT holders.

SEC 10-Q•1mo ago

GLVT: NT 10-Q · late filing

Greenlit Ventures Inc. filed a Form 12b-25 notification on May 15, 2026, requesting additional time to file its Form 10-Q for the quarter ended March 31, 2026. The company cited 'difficulties finalizing the materials required to complete the Registrant’s audit' as the reason for the delay, stating these issues could not be resolved without unreasonable effort or expense. This audit-related delay raises concerns about potential accounting complexities or internal control weaknesses, though the company indicated no significant change in results of operations is anticipated compared to the prior year.

SEC NT 10-Q•5mo ago