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Eco Bright Future, Inc.

CIK: 19191821 Annual ReportsLatest: 2025-04-09

10-K / April 9, 2025

Company Summary: Eco Bright Future Inc.

Business Overview

  • Nature of Business:
    Eco Bright Future Inc. (EBFI) is a U.S.-listed company focused on blockchain technology, digital asset tokenization, and financial technology (fintech) solutions.
  • Core Activities:
    • Development of proprietary blockchain infrastructure that enables cross-border transfers of real-world assets such as gold and commodities.
    • Tokenization of physical assets like gold and commodities (initially sugar).
    • Providing tools and platforms to governments, businesses, and end-users for asset management, transfer, and trading via blockchain.
    • Planning to enter digital wallet services, digital asset tokenization, and AI-powered concierge services.

Operational History

  • Incorporation & Jurisdictions:
    • Incorporated in Wyoming (2021).
    • Operations and consolidated financials in the U.S., Tunisia, and El Salvador.
    • Completed reverse recapitalization with Tunisian entity Universa Hub Africa (UHA) in December 2023.
  • Current Focus:
    • Developing a global ecosystem for real-world asset tokenization with plans to expand into several jurisdictions, including El Salvador, Tunisia, UAE, Thailand, Indonesia, and Guatemala.
    • Engaged in consulting work with the Tunisian Government on blockchain applications.
    • Developing an open-source platform for tokenization and blockchain tools for real assets, with upcoming licensing expected in various countries.

Employees

  • Employees:
    • 1 full-time employee (President, George Athanasiadis).
    • 1 part-time CTO (Tomaz Strgar).
  • Advisors and Consultants:
    • Board members and external consultants; compensated in stock and cash.

Financial Highlights (as of December 31, 2024)

  • Revenue:
    • $0 for 2024.
    • $32,132 for 2023 (from consulting services).
  • Net Income (Loss):
    • Loss of $166,378 in 2024.
    • Income of $13,131 in 2023.
  • Assets:
    • Current Assets: $84,733 (mainly cash, $67,784).
    • Non-current Assets: $430,306 (software development costs and intangible assets).
  • Liabilities:
    • Total liabilities: $670,846 (mainly notes payable of $650,226 to related parties).
  • Stockholders’ (Deficit) Equity:
    • As of December 31, 2024: $(155,802) (negative due to accumulated deficits).
  • Customer Base:
    • 313 stockholders as of March 1, 2025.
  • Operational Status:
    • Capital resources are insufficient for ongoing operations; substantial doubt about ability to continue as a going concern.
    • No current revenues or operations related to blockchain service offerings beyond consulting.
    • The company’s blockchain technology is developed but not yet generating revenue.

Strategic & Development Plans

  • Developing blockchain platforms for global real asset tokenization.
  • Working towards licenses in key jurisdictions (El Salvador, Thailand, UAE, etc.).
  • Planning to generate transaction fees from tokenized assets such as gold and commodities upon licensing.
  • Exploring AI and concierge service integrations, targeted for late 2025.

Summary

Eco Bright Future Inc. is a blockchain fintech company working on proprietary blockchain infrastructure and tokenization of real-world assets like gold and commodities. It has minimal current revenues and ongoing losses, with a focus on licensing, platform development, and expanding its asset tokenization ecosystem globally. The company operates with only one full-time employee, relies on consulting arrangements, and faces significant financial and regulatory challenges ahead.