Company: KWIK
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001683168-25-002055
Chunk: 60

Company: KwikClick, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1
Chunk 60
---
 against expenses, judgments, fines, settlements and other amounts actually
and reasonably incurred (including expenses of a derivative action) in connection with any proceeding, whether actual or threatened, to
which any such person may be made a party by reason of the fact that the person is or was a director or officer of our Company or any
of our affiliated enterprises. We do not maintain any policy of directors’ and officers’ liability insurance that insures
its directors and officers against the cost of defense, settlement or payment of a judgment under any circumstances.

Director Independence

Our board of directors is currently composed of five
members, two of which could qualify as independent directors in accordance with the published listing requirements of the NASDAQ Global
Market. The NASDAQ independence definition includes a series of objective tests, such as that the director is not, and has not been for
at least three years, one of our employees and that neither the director, nor any of his family members has engaged in various types of
business dealings with us. In addition, our board of directors has not made a subjective determination as to each director that no relationships
exist which, in the opinion of our board of directors, would interfere with the exercise of independent judgment in carrying out the responsibilities
of a director, though such subjective determination is required by the NASDAQ rules. Had our board of directors made these determinations,
our board of directors would have reviewed and discussed information provided by the directors and us with regard to each director’s
business and personal activities and relationships as they may relate to us and our management.

 36 

ITEM 14. PRINCIPAL ACCOUNTING FEES AND SERVICES

The Company has engaged GreenGrowth CPAs (“GreenGrowth”)
as the Company’s independent registered public accounting firm.

The Company’s CEO signs engagement letters with
GreenGrowth before GreenGrowth does any audit or tax-related work for the Company. GreenGrowth was approved to provide audit services
for the Company for the years ended December 31, 2024 and 2023. GreenGrowth does not provide tax services for the Company.

The following describes the audit fees, audit-related
fees, tax fees, and all other fees for professional services provided by GreenGrowth and Heaton, respectively:

    For the year ended December 31, 2024:
     
    For the year ended December 31, 2023:
  
    Audit Fees: $50,000
     
    Audit Fees: $34,