GREENLIT VENTURES INC. Annual Report - How They Did This Year

I’ve put together this guide to help you understand how Greenlit Ventures Inc. performed. My goal is to cut through the corporate jargon and explain what is actually happening so you can decide if this company fits your portfolio.

1. What does this company do?

Greenlit Ventures Inc. is a small consulting firm based in Nevada. It helps Asian companies enter international markets. They also have a secondary business called "ForceShield," which offers digital security and VPN services. The company currently acts as a shell entity, switching between advisory services and cybersecurity software.

2. Financial performance: The "Going Concern" Warning

The most important thing to know is that the company’s auditors issued a "going concern" warning. This means they worry the company may run out of money and be forced to shut down.

The company has zero revenue and has lost $771,661 since it started. They reported a loss of $48,501 for 2025, compared to a loss of $227,487 in 2024. This "improvement" is the result of cost-cutting measures, specifically reduced professional fees and the absence of stock-based compensation.

3. Financial health: A fragile state

The company’s bank account is effectively empty. As of December 31, 2025, they reported $0 in cash and $0 in total assets. Their debts significantly outweigh their ability to pay them.

• Growing Debt: The company relies on "convertible notes"—loans that allow lenders to trade their debt for company shares later. These debts grew from $163,320 in 2024 to $193,448 in 2025.
• Interest Pile-up: They owe $34,285 in unpaid interest, up from $19,832 last year.
• Lack of Oversight: The company reports that its financial controls are currently unreliable. They operate without an audit committee, a compensation committee, or independent directors.

4. New Developments: Cybersecurity and Insider Rules

The company recently filed reports on cybersecurity risk management and established rules regarding insider trading. These rules set schedules for insiders to buy or sell stock. These filings serve as administrative compliance measures.

5. Who is running the show?

This is a one-person operation. Fu Yong Nan serves as the sole director, CEO, CFO, and Secretary. He owns approximately 85.7% of the company’s stock. Because he holds almost all the voting power and there is no independent board, he makes every decision alone.

6. Major risks

• Survival Risk: The company reports it lacks the cash to operate for the next 12 months. Without new funding or actual sales, they face a significant risk of insolvency.
• Lack of Independence: One person holds all the power. There is no independent committee to verify the company’s financial reporting or represent the interests of minority shareholders.
• No Liquidity: The shares are not on a major exchange and are rarely traded. This makes it difficult to buy or sell the stock at any given time.

7. Bottom line

This is a high-risk venture struggling to maintain operations. With no revenue, no assets, and over $227,000 in debt, the company is in a precarious position. Before considering an investment, weigh the lack of financial infrastructure and the absence of a clear path to profitability against the high probability that the company may be unable to continue as a going concern.