Company: CLOQ
Filing Date: 2025-05-13
Form Type: 10-Q
Source: 0001641172-25-009976
Chunk: 29

Company: CYBERLOQ TECHNOLOGIES, INC.
Filing Date: 2025-05-13
Form: 10-Q
Item: Part I, Item 1
Chunk 29
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. 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 March 31, 2025, there
are no non cash adjustments.

Net cash used by investing activities was $154,972
for the three months ended March 31, 2025 as compared to $92,464 for 2024.

Net cash provided by financing activities was
$206,001 for the three months ended March 31, 2025 as compared to $110,000 for 2024.

The Company had gross revenue of $0 for the three
months ended March 31, 2025 compared to gross revenue of $15,000 for the three months ended March 31, 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 Three Months
Ended March 31, 2025 and 2024

Company revenue was $0 in the three months ended
March 31, 2025 as compared to $15,000 for the three months ended March 31, 2024. This was due to the services agreement with QRails, Inc no longer being in effect.

The Company’s operating expenses were $266,992
for the three months ended March 31, 2025 as compared to $211,035 for the three months ended March 31, 2024. This increase in operating
expenses was primarily due to an increase in officers compensation which was $163,000 for the three months ended March 31, 2025 compared
to $62,500 for the three months ended March 31, 2024 related to a bonus approved by the Board of Directors. This was partially offset
by a decrease in professional fees which was $51,552 for the three months ended March 31, 2025 as compared to $114,774 for the three months
ended March 31, 2024 which was due to an issuance of common stock for services that occurred in the first quarter of 2024.

In addition, there was an increase in computer
and internet expense which was $30