Company: KWIK
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001683168-25-003684
Chunk: 37

Company: KwikClick, Inc.
Filing Date: 2025-05-15
Form: 10-Q
Item: Item 2
Chunk 37
---
 March
31, 2025. In addition to historical consolidated financial information, the following discussion contains forward-looking statements that
reflect our plans, estimates and beliefs. Our actual results could differ materially from those discussed in the forward-looking statements.
Certain information included herein contains statements that may be considered forward-looking statements, such as statements relating
to our anticipated revenues and operating results, future performance and operations, plans for future expansion, capital spending, sources
of liquidity and financing sources. Such forward-looking information involves important risks and uncertainties that could significantly
affect anticipated results in the future, and accordingly, such results may differ from those expressed in any forward-looking statements
made herein. These risks and uncertainties include the “Risk Factors” included in our annual report on Form 10-K filed with
the SEC on March 31, 2025, that can be read at www.sec.gov.

Although we have sought to identify
the most significant risks to our business, we cannot predict whether, or to what extent, any of such risks may be realized, nor can there
be any assurance that we have identified all possible issues which we might face. For all of these reasons, the reader is cautioned not
to place undue reliance on forward-looking statements contained herein, which speak only as of the date hereof. We assume no responsibility
to update any forward-looking statements as a result of new information, future events, or otherwise except as required by law.

 14 

Overview

The Company was organized
pursuant to the laws of the State of Delaware on November 16, 1993. Beginning in 2020, the Company commenced its Kwik business operations
to allow sellers to make products or services available on the Kwik platform, at Kwik.com, offering a self-determined incentive budget
on goods or services in exchange for exposure and substantially increased sales volume. Kwik is a social interaction, selling, and referral
software platform.  Stores and manufacturers (“Brands”) wishing to promote their products or services on the Kwik software
platform are connected to promoters, influencers, and customers. When the Brand is paid for the consumer purchases through the Kwik platform,
the Brand pays an incentive budget to Kwik. Kwik receives the entire incentive budget as revenue for generating the sales through its
platform, and recognizes cost of sales upon calculation and payment of the commissions paid to the wave of affiliates.

Comparison of operations
for the Three Months ended March 31, 2025 and March 31,