Company: CLOQ
Filing Date: 2025-05-13
Form Type: 10-Q
Source: 0001641172-25-009976
Chunk: 19

Company: CYBERLOQ TECHNOLOGIES, INC.
Filing Date: 2025-05-13
Form: 10-Q
Item: Part I, Item 1
Chunk 19
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 and is no longer pending.

NOTE 6 – STOCKHOLDERS’
EQUITY

Common Stock

The Company has 300,000,000 shares
of $.001 par value common stock authorized as of March 31, 2025 and had 200,000,000 shares of $.001 par value common
stock authorized as of March 31, 2024.

During the three month
period ended March 31, 2025, the Company received $206,001 in payment for 2,072,500 shares of common stock and issued 1,000,000 shares
of stock previously recorded as “to be issued”.

During the three month
period ended March 31, 2024, the Company received $44,000 in payment for 1,100,000 shares of common stock.

Treasury Stock

The Company entered into a settlement agreement
with a prior employee, officer and director resulting in treasury stock of 500,000 shares valued at $50,000.

Preferred Stock

The Company did not have any preferred stock prior
to 2017. In April of 2017, the Company amended its articles of incorporation to create a new class of stock designated Series A Super
Voting Preferred Stock consisting of thirty-thousand (30,000) shares at par value of $0.001 per share. Certain rights, preferences,
privileges and restrictions were established for the Series A Preferred Stock as follows: (a) the amount to be represented in stated capital
at all times for each share of Series A Preferred Stock shall be its par value of $0.001 per share; (b) except as otherwise required
by law, holders of shares of Series A Preferred Stock shall vote together with the common stock as a single class and the holders
of Series A Preferred Stock shall be entitled to five-thousand (5,000) votes per share of Series A Preferred Stock; and (c) in the event
of any liquidation, dissolution or winding-up of the Company, either voluntary or involuntary, the holders of the Series A Preferred Stock
shall be entitled to receive, prior and in preference to any distribution of assets of the Corporation to the holders of the common stock,
the original purchase price paid for the Series A Preferred Stock. All 30,000 shares of the Series A Super Voting Preferred
Stock were issued in 2017.

On February 28, 2022