Company: KWIK
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001683168-25-002055
Chunk: 498

Company: KwikClick, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 4
Chunk 498
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 for monthly fixed payments of $3,700 increasing 3% annually.

On March 5, 2025, by consent of approximately 54.83% of its outstanding
voting stock, the Company’s Certificate of Incorporation was amended to reduce the number of shares of common stock authorized for
issuance from 400,000,000 to 50,000,000 with no adjustment to the par value of $0.0001 per share. In conjunction with the with Amendment,
the shareholders approved recapitalization plan involving a reverse stock split on a 1-for-40 basis, whereby shareholders will receive
one share of Common Stock for every 40 shares currently held. The reverse split is to be effected no later than December 31, 2025. Fractional
shares will not be issued in connection with the reverse split; any fractional shares will be rounded down to the nearest whole share.

The following provides an unaudited pro forma presentation of the impact
of the approved 1-for-40 reverse stock split as if it had taken place at the beginning of the earliest period presented in the accompanying
consolidated financial statements:

    December 31, 2024 
    December 31, 2023

    As Reported 
    Pro Forma Adjustment 
    Unaudited Pro Forma 
    As Reported 
    Pro Forma Adjustment 
     
    Unaudited
                                   Pro Forma

    Balance Sheet: 

    Stockholders' deficit 

    Preferred stock, $0.0001 par value; 5,000,000 shares authorized and none issued and outstanding 
    $–  
    $–  
    $–  
    $–  
    $–  
    $
    –

    Common stock, $0.0001 par value; 400,000,000 shares authorized pre-reverse split; 50,000,000 shares authorized post split 
     15,566  
     (15,177)A
     389  
     15,316  
     (14,933)B
     
    383

    Additional paid-in-capital 
     10,174,550  
     15,177 A
     10,189,727  
     9,113,260  
     14,933 B
     
    19,302,987

    Accumulated deficit 
     (12,358,