Company: CLOQ
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001641172-25-023402
Chunk: 22

Company: CYBERLOQ TECHNOLOGIES, INC.
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 1
Chunk 22
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 and Enrico Giordano each shall be entitled
to receive ten (10) stock option awards of 500,000 shares of the Company’s common stock each, upon the Company achieving certain
milestones (the “ISO Awards”). The first ISO Award will vest upon the Company achieving (cumulatively) $1,000,000 in Gross
Revenues, and each additional ISO Award will vest upon the Company achieving the next $1,000,000 increment in cumulative Gross Revenue
up to a total of 5,000,000 shares each. The shares vest at 110% of the average closing bid price and must be exercised within five (5)
years of the vesting date. To date, no ISO Award milestones have been achieved.

    F-11

CyberloQ
Technologies, Inc.

NOTES
TO CONSOLIDATED CONDENSED FINANCIAL STATEMENTS (unaudited)

For
the Six Months Ended June 30, 2025

NOTE
7 – SBA EIDL Loan

On
June 9, 2020, the Company received an Economic Injury Disaster Loan from the Small Business Administration in the amount of $35,600.
The loan has a term of thirty years and an interest rate of 3.75% per annum. Payments in the amount of $174 monthly will begin twelve
months from the date of the note. During the six months ended June 30, 2025 the Company paid $870 in interest.

 SCHEDULE OF MATURITIES OF REPAYMENT OF LOAN

    Amount 
  
    Payment Obligations

    Amount 

    2025 
    $2,088 
  
    2026 
     2,088 
  
    2027 
     2,088 
  
    2028 
     2,088 
  
    2029 to 2050 
     24,098 

    Total 
    $32,450 

NOTE
8 – COMMITMENTS

In
May 2025, the Company signed a new lease for office space at its existing location at 4837 Swift Rd Sarasota, FL 34231 at a rate of $857.60
per month. This lease can be terminated by the Company upon sixty days’ notice.

In
June 2024, the Company signed a new lease for office space at its existing location at 4837 Swift Rd Sarasota, FL 34231 at a rate