Company: CLOQ
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001641172-25-023402
Chunk: 40

Company: CYBERLOQ TECHNOLOGIES, INC.
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 2
Chunk 40
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, in the third
quarter of 2017, the Company acquired the CyberloQ technology and is now the exclusive owner of CyberloQ.

CyberloQ
is a MFA (Multi Factor Authentication) protocol technology that is offered to institutional clients in order to combat fraudulent transactions
and unauthorized access to customer accounts or any digital asset. Through the use of a customer’s smart-phone, CyberloQ uses a
multi-factor authentication system to control access to a bank card, transaction type or amount, website, database or digital service.
The mobile applications for CyberloQ have been built, and have been successfully integrated into the banking ecosystem. The Company has
also updated the entire infrastructure, UI/UX and streamlined the deliverable services per strategic partnerships with clients in multiple
channels in order to increase the scalability of the original platform.

In
addition to CyberloQ, the Company offers a web-based proprietary software platform under the brand name TurnScor® which allows customers
to monitor and manage their credit from the privacy of their own homes. Although individuals can sign-up for TurnScor on their own, the
Company also intends to market TurnScor to certain institutional clients, where appropriate, in conjunction with CyberloQ as a value-added
benefit to offer their customers.

The
CyberloQ Vault is a “cloud based’ security protocol that allows clients the ability to send/receive secure data without having
to use traditional e-mail which is prone to a breach. This CyberloQ service uses cloud-based encryption and a secure web portal to send/receive
confidential data, the sender and receiver both must have authenticated their position within the prescribed geo coordinates as well
as authenticate their mobile devices prior to sending/receiving any data. Thus, rendering a hack or breach utterly useless for the encrypted
data is unusable without the CyberloQ authentication component.

The
Company currently has two full-time employees — its President and Vice-President. There are no other employees of the Company at
this time.

The
Company also has a Board of Advisors comprised of individuals from the banking, business development, and technical sectors to advise
the Company as it moves forward with its business strategy. The Board of Advisors does not have any decision-making authority.

4

Liquidity,
Capital Resources and Material Changes in Financial Condition

As
of June 30, 2025, the Company’s assets were $2,005,246 compared to $1,842,701 in assets as of December 31