Company: CLOQ
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001641172-25-023402
Chunk: 31

Company: CYBERLOQ TECHNOLOGIES, INC.
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 1
Chunk 31
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 of patents, and an increase
in the Company’s prepaid expense from $6,964 to $46,479 due to commission advances paid to salespersons. This increase in fixed
assets was partially offset by a decrease in the Company’s cash assets to $86,454 as of June 30, 2025 as opposed to $282,866 as
of December 31, 2024.

As
of June 30 2025, the Company’s liabilities were $3,354,405 compared to $2,831,229 in liabilities as of December 31, 2024. This
change in the Company’s financial condition can be attributed to an increase of $303,141 in convertible debt, an increase of $144,981
in accrued interest and $75,054 in accounts payable and accrued expenses.

Net
cash used in operating activities for the six-month period ending June 30, 2025, was $403,612 compared to $324,107 for 2024. Cash provided
by or used by operating activities is driven by our net loss and adjusted by noncash items as well as changes in operating assets and
liabilities. At June 30, 2025, there are no non cash adjustments.

Net
cash used by investing activities was $319,442 for the six months ended June 30, 2025 as compared to $208,414 for 2024.

Net
cash provided by financing activities was $526,642 for the six months ended June 30, 2025 as compared to $366,859 for 2024.

The
Company had gross revenue of $0 for the six months ended June 30, 2025 compared to gross revenue of $15,000 for the three months ended
June 30, 2024, and is currently reliant on its ability to raise additional capital to continue execution of its business plan to move
the Company forward towards profitability. The Company does not anticipate any significant decrease in its operating expenses for the
remainder of 2025. Unless the Company begins to generate operational revenue, it will be reliant on its ability to raise additional capital
in order to continue its operations.

Results
of Operations for the Six Months Ended June 30, 2025 and 2024

Company
revenue was $0 in the six months ended June 30, 2025 as compared to $15,000 for the three months ended June 30, 2024. This was due to