Company: CLOQ
Filing Date: 2025-05-13
Form Type: 10-Q
Source: 0001641172-25-009976
Chunk: 7

Company: CYBERLOQ TECHNOLOGIES, INC.
Filing Date: 2025-05-13
Form: 10-Q
Item: Part I, Item 1
Chunk 7
---
(224,661) 
     (180,026)
  
    Cash and Equivalents at Beginning of the Period 
     282,866  
     307,174 
  
    Cash and Equivalents at End of the Period 
    $58,205  
    $127,148 

    SUPPLEMENTAL CASH FLOW INFORMATION 

    Interest Paid 
    $870  
    $522 
  
    Income Taxes Paid 
    $-  
    $- 

    NON-CASH DISCLOSURES 

    Beneficial conversion feature 
    $-  
    $10,000 
  
    Common stock issued for convertible debt 
    $20,000  
    $- 

See accompanying notes to financial statements

 F-4 

CyberloQ Technologies, Inc.

NOTES TO CONSOLIDATED CONDENSED FINANCIAL STATEMENTS
(unaudited)

For the Three Months Ended March 31, 2025

NOTE 1 – SUMMARY OF SIGNIFICANT
ACCOUNTING POLICIES

Organization and Nature of Business

CyberloQ Technologies Inc.
(“CLOQ”, ‘We” or the “Company”) is a development-stage technology company focused on fraud
prevention and credit management. The Company was originally incorporated as Advanced Credit Technologies, Inc. in the State of
Nevada on February 25, 2008. On November 20, 2019, the Company changed its name from Advanced Credit Technologies, Inc. to CyberloQ
Technologies, Inc.

The Company offers a proprietary software platform
branded as CyberloQ®. While previously the Company licensed CyberloQ, in the third quarter of 2017, the Company acquired the CyberloQ
technology and is now the exclusive owner of CyberloQ.

CyberloQ is a banking fraud prevention
technology that is offered to institutional clients in order to combat fraudulent transactions and unauthorized access to customer
accounts. Through the use of a customer’s smart-phone, CyberloQ uses a multi-factor authentication system to control access to
a bank card, transaction type or amount, website, database or digital service. The mobile applications for CyberloQ have been built
and have been successfully integrated into the banking ecosystem.

The CyberloQ Vault is a “cloud based’
security protocol that allows clients the ability to send/receive secure data without having to use traditional e-mail which is prone
to