Company: CLOQ
Filing Date: 2025-05-13
Form Type: 10-Q
Source: 0001641172-25-009976
Chunk: 38

Company: CYBERLOQ TECHNOLOGIES, INC.
Filing Date: 2025-05-13
Form: 10-Q
Item: Part I, Item 2
Chunk 38
---
.

This change in the Company’s financial condition
can be primarily attributed to an increase in intangible assets of $154,972 due to the capitalization of the CyberloQ Platform, website
development and the acquisition of patents, and an increase in the Company’s prepaid expense from $6,964 to $35,484. This increase
in fixed assets was partially offset by a decrease in the Company’s cash assets to $58,270 as of March 31, 2025 as opposed to $282,866
as of December 31, 2024.

As of March 31 2025, the Company’s liabilities
were $2,925,089 compared to $2,831,229 in liabilities as of December 31, 2024. This change in the Company’s financial condition
can be primarily attributed to an increase of $20,690 in accounts payable and accrued expenses, along with an increase of $73,170 in accrued
interest.

Net cash used in operating activities for the
three-month period ending March 31, 2025, was $275,690 compared to $197,562 for 2024. Cash provided by or used by operating activities
is driven by our net loss and adjusted by noncash items as well as changes in operating assets and liabilities. At March 31, 2025, there
are no non cash adjustments.

Net cash used by investing activities was $154,972
for the three months ended March 31, 2025 as compared to $92,464 for 2024.

Net cash provided by financing activities was
$206,001 for the three months ended March 31, 2025 as compared to $110,000 for 2024.

The Company had gross revenue of $0 for the three
months ended March 31, 2025 compared to gross revenue of $15,000 for the three months ended March 31, 2024, and is currently reliant
on its ability to raise additional capital to continue execution of its business plan to move the Company forward towards profitability.
The Company does not anticipate any significant decrease in its operating expenses for the remainder of 2025. Unless the Company begins
to generate operational revenue, it will be reliant on its ability to raise additional capital in order to continue its operations. 

Results of Operations for the Three Months
Ended March 31, 2025 and 2024

Company revenue was $0 in the three months ended
March 31