Company: CLOQ
Filing Date: 2025-05-13
Form Type: 10-Q
Source: 0001641172-25-009976
Chunk: 36

Company: CYBERLOQ TECHNOLOGIES, INC.
Filing Date: 2025-05-13
Form: 10-Q
Item: Part I, Item 2
Chunk 36
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The following discussion is intended to assist
you in understanding our business and the results of our operations. It should be read in conjunction with the Condensed Financial Statements
and the related notes that appear elsewhere in this report as well as our Report on Form 10K filed with the Securities and Exchange Commission
for the period ending December 31, 2024. Statements made in this Form 10-Q that are not historical or current facts are “forward-looking
statements”. These statements often can be identified by the use of terms such as “may,” “will,” “expect,”
“believe,” “anticipate,” “estimate,” “approximate” or “continue,” or the negative
thereof. We wish to caution readers not to place undue reliance on any such forward-looking statements, which speak only as of the date
made. Any forward-looking statements represent management’s best judgment as to what may occur in the future. However, forward-looking
statements are subject to risks, uncertainties and important factors beyond our control that could cause actual results and events to
differ materially from historical results of operations and events and those presently anticipated or projected. We disclaim any obligation
subsequently to revise any forward-looking statements to reflect events or circumstances after the date of such statement or to reflect
the occurrence of anticipated or unanticipated events.

Company History

CyberloQ Technologies Inc.
(“CLOQ”, ‘We” or the “Company”) was incorporated in Nevada on February 5, 2008 as Advanced
Credit Technologies, Inc. The Company changed its name to CyberloQ Technologies, Inc. on November 20, 2019. The Company has never
been the subject of any bankruptcy, receivership or similar proceeding. The Company has never been involved in any material
reclassification, merger, or consolidation.

On June 15, 2017, the Company created a private
limited company in the United Kingdom named CyberloQ Technologies LTD. CyberloQ Technologies LTD is a wholly-owned subsidiary of the Company,
and any business that the Company has in the United Kingdom will be transacted through CyberloQ Technologies LTD. However, to date CyberloQ
Technologies LTD has had no activity, operational or otherwise and is now dissolved.

Current Overview of the Company

The Company is a development-stage technology
company focused on fraud prevention and credit management.

The Company offers a proprietary software platform
branded as CyberloQ®. While previously the Company licensed CyberloQ, in the