Company: KWIK
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001683168-25-003684
Chunk: 42

Company: KwikClick, Inc.
Filing Date: 2025-05-15
Form: 10-Q
Item: Item 3
Chunk 42
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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
March 31, 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 March 31, 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.

 16 

PART II. OTHER INFORMATION

Item 1. Legal Proceedings

There has been no change in our
legal proceedings as disclosed in our annual report on Form 10-K as filed with the Securities and Exchange Commission on March 31, 2025.

Item 1A. Risk Factors

The Risk Factors identified in
our Annual Report on Form 10-K for the year ended December 31, 2024, which was filed on March 31, 202