The company is a development-stage entity focused on the encryption industry with products including ForceShield Mail (a secure email service with end-to-end encryption) and ForceShield VPN (an encrypted VPN service). Strategic positioning is severely hampered by financial distress and lack of operational scale.
Cyborg Score Rationale
Greenlit Ventures remains an early-stage company with no revenue and a narrow cost base, with a 2025 net loss of $48,501. The company had no assets or cash at December 31, 2025, total liabilities of $237,446, and an accumulated deficit of $771,661, with both auditor and management highlighting substantial doubt about the company's ability to continue as a going concern.
Top Insights
No revenue generation as of year-end 2025; company remains pre-commercial despite rebranding to Greenlit Ventures in February 2024
Zero cash and assets at December 31, 2025, with $237,446 in liabilities including $193,448 in convertible notes at 8% interest maturing December 31, 2027
Company has one employee (CEO/CFO/director), material weaknesses in internal controls, and no public trading market, with viability dependent on raising additional financing or generating revenue from consulting and encryption services
Market cap approximately $3.3 million as of April 2026 with highly speculative micro-cap profile
Named Competitors
ProtonMail — End-to-end encrypted email service
ExpressVPN — VPN service for privacy and security
NordVPN — VPN and cybersecurity solutions
Recent Developments
(February 2024) Name change from MS Young Adventure Enterprise Inc. to Greenlit Ventures Inc. and ticker symbol changed to GLVT
(December 2025) Year-end 2025 financial results showing $48,501 net loss with zero cash and accumulated deficit of $771,661
(April 2026) 10-K filing and analyst analysis confirm substantial going-concern doubts and lack of operational traction
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