Company: KWIK
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001683168-25-002055
Chunk: 121

Company: KwikClick, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1A
Chunk 121
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 more jurisdictions where we do business. We also might be required
to seek a license for third-party intellectual property. Even if a license is available, we could be required to pay significant royalties
or submit to unreasonable terms, which would increase our operating expenses. We may also be required to develop alternative non-infringing
technology, which could require significant time and expense. If we cannot license or develop technology for any allegedly infringing
aspect of our business, we would be forced to limit our service and may be unable to compete effectively. Any of these results could harm
our business.

ITEM 1B.  UNRESOLVED STAFF COMMENTS

None.

ITEM 1C.  CYBERSECURITY

risk management

The Company is committed to transparency and robust
risk management, therefore we prioritize the protection of our stakeholders’ interests, including safeguarding sensitive information
from cybersecurity threats. Our approach to cybersecurity risk management encompasses a comprehensive process of assessment, identification,
and mitigation strategies. Initially, we conduct thorough assessments to identify potential vulnerabilities and threats within our systems
and infrastructure. These assessments are followed by rigorous identification procedures and testing aimed at pinpointing material risks
that could compromise the integrity of our operations or the confidentiality of our data. Once identified, we employ a multifaceted approach
to managing these risks, which includes implementing cutting-edge technological solutions, enforcing stringent access controls, and providing
ongoing training and awareness programs to our employees. Moreover, we maintain open lines of communication with relevant stakeholders,
ensuring timely response and adaptation to emerging cyber threats.

ITEM 2.  PROPERTIES

Our principal executive office is located at 585 West
500 South Suite 200, Bountiful, Utah 84010. The space is suitable for the conduct of our business and will be for the foreseeable future.

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ITEM 3.  LEGAL PROCEEDINGS

From time to time, we may become involved in
various lawsuits and legal proceedings which arise in the ordinary course of business. However, litigation is subject to inherent
uncertainties, and an adverse result in these or other matters may arise from time to time that may harm our business.

On May 31, 2023, NAI Liquidation Trust, the successor
in interest to the defunct NewAge, Inc. by and through its Liquidation Trustee, Steven, Balasiano filed an adversary proceeding against
the Company in the Newage Chapter 11 bankruptcy case (Delaware Case #22