Company: KWIK
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001683168-25-002055
Chunk: 412

Company: KwikClick, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 3
Chunk 412
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 of one share of common stock and
one stock appreciation right (“SAR”) convertible into common stock at a price per share of $0.20.

Management has determined that additional capital
will be required in the form of equity or debt securities. There is no assurance that management will be able to raise capital on terms
acceptable to the Company. If we are unable to obtain enough additional capital, we may have to cease filing the required reports and
cease operations completely. If we obtain additional funds by selling any of our equity securities or by issuing common stock to pay current
or future obligations, the percentage ownership of our shareholders will be reduced, shareholders may experience additional dilution,
or the equity securities may have rights preferences or privileges senior to the common stock.

Going Concern Risk

As reflected in the accompanying financial statements,
the Company has a net loss of $1,956,424 for the year ended December 31, 2024. If the Company doesn’t begin to generate sufficient
revenue or raise additional funds through financing, the Company may need to incur additional liabilities with certain outside and related
parties to sustain the Company’s existence. The Company will require additional funding to finance the growth of its future operations
as well as to achieve its strategic objectives. The Company may experience difficulties in raising these funds due to inflationary economic
impacts on funding sources. This raises substantial doubt about the Company’s ability to continue as a going concern. The ability
of the Company to continue as a going concern is dependent on the Company’s ability to raise additional capital and generate revenue.
The financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern.

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Off-Balance Sheet Arrangements

There are no off-balance sheet arrangements that have
or are reasonably likely to have a current or future effect on our financial condition, changes in financial condition, revenues or expenses,
results of operations, liquidity, capital expenditures or capital resources that are material to investors.

Critical Accounting Estimates

Occasionally, the Company utilizes its shares to compensate
certain employees and consultants to develop the KwikClick platform or provide other services to the Company. Due to the lack of an active
trading market for the Company’s shares, it is difficult to measure the fair market value of shares issued for compensation. The
Company carefully considers the price of the shares contemporary to the event of compensation and applies a reasonable valuation upon
issuance.

ITEM 7A.   QU