Company: KWIK
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001683168-25-002055
Chunk: 153

Company: KwikClick, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1A
Chunk 153
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(24,649) 
     (3,692)
  
    Accounts payable 
     (77,125) 
     139,718 
  
    Net cash used in operating activities 
     (1,232,462) 
     (2,335,278)

    Cash flows from investing activities: 

    Purchase of intellectual property 
     –  
     (131,785)
  
    Net cash used in investing activities 
     –  
     (131,785)

    Cash flows from financing activities: 

    Proceeds from shareholders loans 
     861,272  
     1,680,405 
  
    Proceeds from common stock issuable 
     –  
     300,000 
  
    Proceeds from issuance of stock and stock appreciation 
    500,000  
     – 
  
    Proceeds from subscription receivable 
     –  
     520,261 
  
    Net cash provided by financing activities 
     1,361,272  
     2,500,666 

    Net increase (decrease) in cash and cash equivalents 
     128,810  
     33,603 
  
    Cash and cash equivalents at beginning of period 
     64,186  
     30,583 
  
    Cash and cash equivalents at end of period 
    $192,996  
    $64,186 

    Cash paid for income taxes 
    $–  
    $– 
  
    Cash paid for interest 
    $–  
    $– 

    Non-Cash Supplemental Disclosures 

    Stock appreciation rights issued for liability settlement 
    $–  
    $15,726 
  
    Purchases of intellectual property in accounts payable 
    $–  
    $295,971 
  
    Capital contribution for settlement of stock issuable 
    $–  
    $4,010 

The accompanying footnotes are an integral part of
these consolidated financial statements.

 F-5 

KWIKCLICK, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

Years Ended December 31, 2023 and 2022

NOTE 1. BUSINESS

KwikClick, Inc., (the Company) was organized pursuant
to the laws of the State of Delaware on November 16, 1993. Beginning in 2020, the Company commenced