Company: KWIK
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001683168-25-002055
Chunk: 169

Company: KwikClick, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1A
Chunk 169
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. 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 
     (12,358,954) 
        
     (12,358,954) 
     (10,402,530) 

    (10,402,530
    )
  
    Total stockholders' deficit 
    $(2,168,838) 
        
    $(2,168,838) 
    $(1,273,954) 
        
    $
    8,900,840

    Statements of Operations: 

    Net loss 
    $(1,956,424) 
    $–  
    $(1,956,424) 
    $(3,903,079) 
    $–  
    $
    (3,903,079
    )
  
    Weighted average shares outstanding - basic and