Company: CLOQ
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001641172-25-023402
Chunk: 17

Company: CYBERLOQ TECHNOLOGIES, INC.
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 1
Chunk 17
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 an accounting policy election not to recognize right of use assets and lease liabilities that arise from short term
leases for any class of asset.

NOTE
2 – INTANGIBLE ASSETS

Software,
website and patents, recorded at cost, consisted of the following:

 SCHEDULE OF SOFTWARE AND COMPUTER EQUIPMENT

    June 30, 2025  
    December 31, 2024 
  
    CyberloQ platform 
    $1,836,621  
    $1,545,421 
  
    Website 
     14,195  
     7,450 
  
    Patent 
     21,497  
     - 
  
    Fixed assets, gross 
     21,497  
     - 
  
    Less: accumulated amortization 
     -  
     - 
  
    Fixed assets, net 
    $1,872,313  
    $1,552,871 

The
patents have not yet been issued and the website has not yet been put into service, as a result, amortization expense was $0 and $0 for
the six months ended June 30, 2025 and 2024, respectively.

    F-9

CyberloQ
Technologies, Inc.

NOTES
TO CONSOLIDATED CONDENSED FINANCIAL STATEMENTS (unaudited)

For
the Six Months Ended June 30, 2025

NOTE
3 – GOING CONCERN

The
Company has incurred losses since Inception resulting in an accumulated deficit of $9,216,018 as of June 30, 2025 that includes a loss
of $584,133 for the six months ended June 30, 2025. Further losses are anticipated in the development of its business. Accordingly, there
is substantial doubt about the entity’s ability to continue as a going concern within one year after the financial statements are
issued.

The
accompanying financial statements have been prepared in conformity with accounting principles generally accepted in the United States
of America, which contemplate continuation of the Company as a going concern. The financial statements do not include any adjustments
relating to the recoverability and classification of recorded asset amounts or the amounts and classification of liabilities that could
result from the outcome of this uncertainty.

The
ability to continue as a going concern is dependent upon the Company generating profitable operations in the future and, or obtaining
the necessary financing to meet its obligations and repay