Company: CLOQ
Filing Date: 2025-05-13
Form Type: 10-Q
Source: 0001641172-25-009976
Chunk: 37

Company: CYBERLOQ TECHNOLOGIES, INC.
Filing Date: 2025-05-13
Form: 10-Q
Item: Part I, Item 2
Chunk 37
---
 third quarter of 2017, the Company acquired the CyberloQ
technology and is now the exclusive owner of CyberloQ.

CyberloQ is a MFA (Multi Factor
Authentication) protocol technology that is offered to institutional clients in order to combat fraudulent transactions and
unauthorized access to customer accounts or any digital asset. 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
Company has also updated the entire infrastructure, UI/UX and streamlined the deliverable services per strategic partnerships with
clients in multiple channels in order to increase the scalability of the original platform.

In addition to CyberloQ, the Company offers a
web-based proprietary software platform under the brand name TurnScor® which allows customers to monitor and manage their credit from
the privacy of their own homes. Although individuals can sign-up for TurnScor on their own, the Company also intends to market TurnScor
to certain institutional clients, where appropriate, in conjunction with CyberloQ as a value-added benefit to offer their customers.

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 a breach. This CyberloQ service uses cloud-based encryption and a secure web portal to send/receive confidential
data, the sender and receiver both must have authenticated their position within the prescribed geo coordinates as well as
authenticate their mobile devices prior to sending/receiving any data. Thus, rendering a hack or breach utterly useless for the
encrypted data is unusable without the CyberloQ authentication component.

The Company currently has two full-time employees
— its President and Vice-President. There are no other employees of the Company at this time.

The Company also has a Board of Advisors comprised
of individuals from the banking, business development, and technical sectors to advise the Company as it moves forward with its business
strategy. The Board of Advisors does not have any decision-making authority.

 4 

Liquidity, Capital Resources and Material
Changes in Financial Condition

As of March 31, 2025, the Company’s assets
were $1,801,532 compared to $1,842,701 in assets as of December 31, 2024