Company: KWIK
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001683168-25-003684
Chunk: 3

Company: KwikClick, Inc.
Filing Date: 2025-05-15
Form: 10-Q
Item: Item 1
Chunk 3
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4 
  
    Cash flows from operating activities: 

    Net loss 
    $(92,768) 
    $(736,376)
  
    Depreciation and amortization 
     22,838  
     23,490 
  
    Amortization of right-to-use assets 
     5,919  
     – 
  
    Stock based compensation 
     109  
     406,772 
  
    Gain on liability settlement 
     (147,527) 
     (30,000)
  
    Changes in operating assets and liabilities: 

    Accounts receivable 
     5,714  
     2,460 
  
    Other receivable 
     (32,981) 
     – 
  
    Security deposit 
     (3,700) 
     – 
  
    Accounts payable 
     (35,600) 
     (103,439)
  
    Accrued expenses 
     37,900  
     (27,244)
  
    Lease obligation 
     (5,814)  
     (304)
  
    Deferred revenue 
     30,000  
     – 
  
    Accrued interest - related party 
     62,672  
     46,391 
  
    Net cash used in operating activities 
     (153,238) 
     (418,250)

    Cash flows from financing activities: 

    Proceeds from shareholders loans 
     –  
     384,089 
  
    Net cash provided by financing activities 
     –  
     384,089 

    Net decrease in cash and cash equivalents 
     (153,238) 
     (34,161)
  
    Cash and cash equivalents at beginning of period 
     192,996  
     64,186 
  
    Cash and cash equivalents at end of period 
    $39,758  
    $30,025 

    Supplemental disclosure of cash flow information: 

    Cash paid for income taxes 
    $–  
    $– 
  
    Cash paid for interest 
    $–  
    $– 

    Supplemental disclosure of non-cash investing and financing activities: 

    Right-of-use assets obtained in exchange for operating lease liabilities 
    $77,888  
    $– 

The accompanying footnotes are an integral part