Company: KWIK
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001683168-25-002055
Chunk: 382

Company: KwikClick, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 2
Chunk 382
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    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; 155,648,705 shares
    issued and outstanding at December 31, 2024 and 2023, respectively 
     15,566  
     15,316 
  
    Additional paid-in-capital 
     10,174,550  
     9,113,260 
  
    Accumulated deficit 
     (12,358,954) 
     (10,402,530)
  
    Total stockholders' deficit 
     (2,168,838) 
     (1,273,954)
  
    Total liabilities and stockholders' deficit 
    $1,551,742  
    $1,555,889 

The accompanying footnotes are an integral part of
these consolidated financial statements

 F-2 

KWIKCLICK, INC.

CONSOLIDATED STATEMENTS OF OPERATIONS

    For the Twelve Months Ended 

    December 31, 

    2024  
    2023 

    Revenues: 

    Brand Services 
    $107,371  
    $288,229 
  
    Custom design services 
     50,000  
     – 
  
    Net revenue 
     157,371  
     288,229 

    Operating costs and expenses: 

    Cost of Sales 
     44,890  
     216,990 
  
    Management and payroll 
     963,695  
     2,105,101 
  
    Research and development 
     362,076  
     804,847 
  
    General and administrative 
     543,890  
     1,067,469 
  
    Total operating costs and expenses 
     1,914,551  
     4,194,407 

    Other income (expense) 

    Interest expense - related party 
     (229,244) 
     (75,158)
  
    Gain on liability settlement 
     30,000  
     78,257 
  
    Loss before income taxes 
     (1,956,424)