Company: KWIK
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001683168-25-002055
Chunk: 704

Company: KwikClick, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 9
Chunk 704
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of 4.25%.

A summary of the stock appreciation rights activity
is as follows:

    Schedule of  stock appreciation rights activity 

    Stock  Appreciation Rights  
    Weighted Average Exercise Price  
    Weighted Average Remaining Contractual Term (Years) 
  
    Outstanding at January 1, 2024 
     5,296,099  
    $0.41  
     – 
  
    Granted 
     3,981,538  
     0.16  

    Exercised 
     –  
     –  

    Forfeited, cancelled or expired 
     (23,432) 
     0.50  

    Outstanding at December 31, 2024 
     9,254,205  
    $0.33  
     6.21 
  
    Exercisable at December 31, 2024 
     9,253,934  
    $0.30  
     6.21 

The grant date fair value of the stock appreciation
rights issued for compensation during the twelve months ended December 31, 2024 totaled $106,939.

During the years ended December 31, 2024 and 2023,
the Company recognized total expense associated with the SARs of $512,425 and $1,152,010, respectively. As of December 31, 2024 the Company
expects to recognize $109 of compensation expense over the next nine months associated with the vesting of its currently outstanding stock
appreciation rights.

As of December 31, 2024, the Company has committed
10,856,675 shares of stock for the fulfillment of the all of its outstanding equity and equity-linked awards.

NOTE 7. RELATED PARTY TRANSACTIONS

The Company’s related party loans consist of
the following:

    Schedule of related party loans 

    December 31, 2024  
    December 31, 2023 
  
    Related party note payable with a nominal interest rate of 10% per annum due on demand 
    $2,541,677  
    $1,680,405 
  
    Accrued interest 
     301,305  
     74,040 
  
    Total related party note payable 
    $2,842,982  
    $1,754,445 

During the years ended December 31,