Company: CLOQ
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023235
Chunk: 2

Company: CYBERLOQ TECHNOLOGIES, INC.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 2
Chunk 2
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4.

This
change in the Company’s financial condition can be primarily attributed to an increase in intangible assets of $447,300 due to
the capitalization of the CyberloQ Platform, $6,744 due to website development, net of amortization of $727, $21,497 due to the acquisition
of patents, and an increase in the Company’s prepaid expense from $6,964 to $43,474 due to commission advances paid to salespersons.
This increase in fixed assets was partially offset by a decrease in the Company’s cash assets to $102,626 as of September 30, 2025
as opposed to $282,866 as of December 31, 2024.

As
of September 30 2025, the Company’s liabilities were $3,756,059 compared to $2,831,229 in liabilities as of December 31, 2024.
This change in the Company’s financial condition can be attributed to an increase of $628,141 in convertible debt, an increase
of $231,778 in accrued interest and an increase of $64,911 in accounts payable and accrued expenses.

Net
cash used in operating activities for the nine-month period ending September 30, 2025, was $562,340 compared to $461,784 for 2024. Cash
provided by or used by operating activities is driven by our net loss and adjusted by noncash items as well as changes in operating assets
and liabilities. At September 30, 2025, amortization of $727 and stock compensation of $7,000 are the only non cash adjustments.

Net
cash used by investing activities was $475,542 for the nine months ended September 30, 2025 as compared to $337,094 for 2024.

Net
cash provided by financing activities was $857,642 for the nine months ended September 30, 2025 as compared to $681,859 for 2024.

The
Company had gross revenue of $0 for the nine months ended September 30, 2025 compared to gross revenue of $15,000 for the nine months
ended September 30, 2024, and is currently reliant on its ability to raise additional capital to continue execution of its business plan
to move the Company forward towards profitability. The Company does not anticipate any significant decrease in its operating expenses
for the remainder of 2025. Unless the Company begins to generate operational revenue, it will be reliant on