GreenLit Ventures Inc. Q1 2025 10-Q Filed
Ticker: GLVT · Form: 10-Q · Filed: May 5, 2025 · CIK: 1693687
| Field | Detail |
|---|---|
| Company | Greenlit Ventures Inc. (GLVT) |
| Form Type | 10-Q |
| Filed Date | May 5, 2025 |
| Risk Level | medium |
| Sentiment | bearish |
Sentiment: bearish
Topics: 10-Q, financials, liabilities, zero-revenue
TL;DR
**GreenLit Ventures Inc. Q1 2025 10-Q: Assets = Liabilities = $4.08M, convertible notes outstanding.**
AI Summary
GreenLit Ventures Inc. filed its 10-Q for the period ending March 31, 2025. The company reported minimal revenue, with total assets valued at $4,082,479 and total liabilities at $4,082,479 as of March 31, 2025. The filing also references convertible notes payable, with specific amounts for periods including September 2024 and June 2024.
Why It Matters
This filing provides a snapshot of GreenLit Ventures Inc.'s financial health and liabilities as of the first quarter of 2025, which is crucial for investors assessing the company's stability.
Risk Assessment
Risk Level: medium — The company has zero revenue and its assets are fully offset by liabilities, indicating a high-risk financial position.
Key Numbers
- $4.08M — Total Assets (As of March 31, 2025)
- $4.08M — Total Liabilities (As of March 31, 2025)
- $0.00 — Revenue (For Q1 2025)
Key Players & Entities
- GREENLIT VENTURES INC. (company) — Filer
- 0001693687 (company) — Central Index Key
- 814679061 (company) — EIN
- DE (company) — State of Incorporation
- 20250331 (date) — Period of Report
- 20250505 (date) — Filed as of Date
- $4,082,479 (dollar_amount) — Total Assets as of March 31, 2025
- $4,082,479 (dollar_amount) — Total Liabilities as of March 31, 2025
FAQ
What was GreenLit Ventures Inc.'s total revenue for the quarter ending March 31, 2025?
The filing indicates zero revenue for the period ending March 31, 2025.
What were the total assets of GreenLit Ventures Inc. as of March 31, 2025?
As of March 31, 2025, GreenLit Ventures Inc. reported total assets of $4,082,479.
What were the total liabilities of GreenLit Ventures Inc. as of March 31, 2025?
As of March 31, 2025, GreenLit Ventures Inc. reported total liabilities of $4,082,479.
What is the company's SIC code?
The Standard Industrial Classification (SIC) code for GreenLit Ventures Inc. is 8742, Services-Management Consulting Services.
What convertible notes payable amounts are referenced in the filing for periods around 2024 and 2025?
The filing references convertible notes payable for periods including September Thirty Two Thousand Twenty Four Member, June Twenty Twenty Four Member, and March Thirty One Two Thousand Twenty Four Member, all associated with the reporting period ending March 31, 2025.
Filing Details
This Form 10-Q (Form 10-Q) was filed with the SEC on May 5, 2025 regarding GREENLIT VENTURES INC. (GLVT).