Company: KWIK
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001683168-25-006139
Chunk: 15

Company: KwikClick, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Item 8
Chunk 15
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alance Sheet Arrangements

The Company does not have
any off-balance sheet arrangements.

Critical Accounting Estimates

There has been no change in our critical accounting
estimates from those disclosed in our annual report on Form 10-K filed with the SEC on March 31, 2025.

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Item 3. Quantitative and Qualitative Disclosures About Market Risk

Not applicable.

Item 4. Controls and Procedures

Evaluation of Disclosure
Controls and Procedures

Based on an evaluation under
the supervision and with the participation of our management, our principal executive officer and principal financial officer have concluded
that our disclosure controls and procedures as defined in Rules 13a-15(e) and 15d-15(e) under the Exchange Act were not effective as of
June 30, 2025 to ensure that information required to be disclosed by us in reports that we file or submit under the Exchange Act is (i)
recorded, processed, summarized and reported within the time periods specified in the SEC rules and forms and (ii) accumulated and communicated
to our management, including our principal executive officer and principal financial officer, as appropriate, to allow timely decisions
regarding required disclosure. Based on this evaluation, our management concluded that, as of June 30, 2025, our internal control over
financial reporting was not effective due to (i) insufficient segregation of duties in the finance and accounting functions due to limited
personnel; and (ii) inadequate corporate governance policies. In the future, subject to working capital limitations, we intend to take
appropriate and reasonable steps to make improvements to remediate these deficiencies.

Changes in Internal Control Over Financial Reporting

There have not been any changes
in our internal control over financial reporting (as such term is defined in Rules 13a-15(f) under the Exchange Act) during the fiscal
period to which this report relates that have materially affected, or are reasonably likely to materially affect, our internal control
over financial reporting.

Inherent Limitations of
the Effectiveness of Internal Controls

A control system, no matter
how well conceived and operated, can provide only reasonable, not absolute, assurance that the objectives of the internal control system
are met. Because of the inherent limitations of any internal control system, no evaluation of controls can provide absolute assurance
that all control issues, if any, within a company have been detected.

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PART II. OTHER INFORMATION

Item 1. Legal Proceedings

There has been no change