Company: KWIK
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001683168-25-002055
Chunk: 364

Company: KwikClick, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 2
Chunk 364
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trading market for the Company’s shares, it is difficult to measure the fair market value of shares issued for compensation. The
Company carefully considers the price of the shares contemporary to the event of compensation and applies a reasonable valuation upon
issuance.

ITEM 7A.   QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT
MARKET RISK

As a smaller reporting company, we are not required to provide the information
required by this Item.

ITEM 8.   FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

The full text of our audited financial statements
as of December 31, 2024 and December 31, 2023 begins on page F-1 of this Form 10-K.

ITEM 9.   CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS
ON ACCOUNTING AND FINANCIAL DISCLOSURE

None.

ITEM 9A.   CONTROLS AND PROCEDURES

Disclosure Controls and Procedures

We maintain disclosure controls and procedures that
are designed to ensure that information required to be disclosed in our filings under the Exchange Act is recorded, processed, summarized
and reported within the periods specified in the rules and forms of the SEC. This information is accumulated to allow timely decisions
regarding required disclosure. Our principal executive officer and principal financial officer evaluated the effectiveness of our disclosure
controls and procedures as of the end of the period covered by this report and he determined that our disclosure controls and procedures
were ineffective due to material weaknesses discussed below.

The certificates of our principal executive officer
and principal financial and accounting officer attached as Exhibits 31.1 and 31.2 to this Annual Report on Form 10-K include, in paragraph
4 of such certifications, information concerning our disclosure controls and procedures, and internal control over financial reporting.
Such certifications should be read in conjunction with the information contained in this Item 9A for a more complete understanding of
the matters covered by such certifications.

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Management’s Annual Report on Internal Control
Over Financial Reporting

As required by the SEC rules and regulations for the
implementation of Section 404 of the Sarbanes-Oxley Act, our management is responsible for establishing and maintaining adequate internal
control over financial reporting. Our internal control over financial reporting is designed to provide reasonable assurance regarding
the reliability of financial reporting and the preparation of our consolidated financial statements for external reporting purposes in
accordance with GAAP. Our internal control over financial reporting includes