Company: KWIK
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001683168-25-002055
Chunk: 182

Company: KwikClick, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1A
Chunk 182
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 or disclosed. More generally, our third-party
service providers may not have adequate security and privacy controls, may not properly exercise their compliance, regulatory or notification
requirements, including as to personal data, or may not have the resources to properly respond to an incident. Many of our service providers
have moved to a remote work environment and may, as a result, be more vulnerable to cyber-attacks.

Our software may contain undetected errors.

The software underlying our platform is highly interconnected
and complex and may contain undetected errors or vulnerabilities, some of which may only be discovered after the code has been released.
Due to the interconnected nature of the software underlying our platform, updates to parts of our code, third-party code, and APIs, on
which we rely and that maintain the functionality of our marketplaces and business, could have an unintended impact on other sections
of our code, which may result in errors or vulnerabilities to our platform that negatively impact the user experience and functionality
of our marketplaces. In some cases, such as our mobile apps, errors may only be correctable through updates distributed through slower,
third-party mechanisms, such as app stores, and may need to comply with third-party policies and procedures to be made available, which
may add additional delays due to app review and user delay in updating their mobile apps. Any errors or vulnerabilities discovered in
our code after release could also result in damage to our reputation, loss of our community members, loss of revenue, or liability for
damages, any of which could adversely affect our growth prospects and our business.

 9 

Our business, financial performance and growth
depends on our ability to attract and retain an active and engaged community of buyers and sellers.

Our financial performance will be significantly determined
by our success in attracting and retaining active buyers and active sellers. For example, our revenue is expected to be driven by the
number of active buyers and buyer engagement, as well as the number of active sellers and seller engagement. If we are not successful
in encouraging buyers to return to us and purchase items in our marketplaces more frequently and sellers to list items for sale and use
our services, our financial performance may be negatively impacted.

Our revenue is expected to be concentrated in our
most active buyers and sellers. If we are unable to attract and retain buyers and sellers who contribute to an active community, our business,
financial performance, and growth could be harmed. The demand for the goods listed in our marketplaces is dependent on consumer preferences
which can