Company: KWIK
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001683168-25-002055
Chunk: 626

Company: KwikClick, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 7A
Chunk 626
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 price on the grant date; exercise price of $0.01
per share; expected volatility of approximately 89.3%; the contractual term of seven years; and the risk-free interest rate of 4.25%.

A summary of the common stock warrant activity is
as follows:

    Schedule of warrant activity 

    Warrants  
    Weighted Average Exercise Price  
    Weighted Average Remaining Contractual Term (Years) 
  
    Outstanding at January 1, 2024 
     102,470  
    $0.01  
     – 
  
    Warrants granted 
     1,500,000  
     0.04  

    Exercised 
     –  
     –  

    Forfeited, cancelled or expired 
     –  
     –  

    Outstanding at December 31, 2024 
     1,602,470  
    $0.04  
     6.6 
  
    Exercisable at December 31, 2024 
     1,602,470  
    $0.04  
     6.6 

During the year ended December 31, 2024 the Company recognized $49,115
of stock-based compensation based on the estimated fair value ($0.03 per share) of the fully vested warrants granted.

During the year ended December 31, 2023 the Company
issued 102,470 fully vested warrants to purchase shares of common stock at an exercise price of $0.01 per share for a term of two years.
Included in the issuance of the warrants were 41,801 warrants that a grantee elected to receive in lieu of common stock not yet issued
in accordance with the terms of a prior agreement. The Company had previously recognized stock-based compensation expense associated with
the unissued common stock owed to the grantee of $104,502 during the year ended December 31, 2023.

The grant date fair value of the warrants not previously
recognized totaled $26,694 and the associated expense for the fully vested awards were recognized during the twelve months ended December
31, 2023.

     F-14 

Stock Appreciation Rights

During the year ended December 31, 2024 the Company
issued 3,981,538 fully vested stock appreciation rights (“SARs”), of which 2,500,000 were issued to third party