Company: KWIK
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001683168-25-006139
Chunk: 10

Company: KwikClick, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Item 8
Chunk 10
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 engineering 
     11,420  
     12,878 
  
    Total research and development expense 
    $24,958  
    $76,519 

The following is disaggregated research and development
expenses for the six months ended June 30:

    2025  
    2024 
  
    Platform coding and development 
    $29,601  
    $146,277 
  
    Other third-party engineering 
     25,108  
     17,159 
  
    Total research and development expense 
    $54,709  
    $163,436 

The measure of segment assets is reported on the
condensed consolidated balance sheet as total consolidated assets. All the Company's long-lived assets are located in the United States.
The Company does not have intra-entity sales or transfers.

NOTE 9. REVERSE STOCK SPLIT

On June 26, 2025, the Company effected a one-for-forty
(1:40) reverse stock split of its issued and outstanding shares of common stock. In connection with the reverse split, all shares of common
stock (including authorized shares) and equity-linked awards for all periods presented have been adjusted retrospectively to reflect this
reverse stock split. This recast ensures comparability across all periods presented and does not impact previously reported net income
(loss), total assets, or total liabilities but does impact earnings per diluted shares. The reverse stock split did not impact the total
stockholders’ deficit or the par value per share. Any fractional shares resulting from the reverse split were rounded up to the
nearest whole share.

 14 

Item 2. Management’s Discussion and Analysis of Financial
Condition and Results of Operations

Forward-Looking Statements

As used in this Form 10-Q,
references to the “Company,” “KwikClick,” “KWIK,” “we,” “our” or “us”
refer to KwikClick, Inc. and KwikClick, LLC, unless the context otherwise indicates.

This Management’s Discussion
and Analysis (“MD&A”) section discusses our results of operations, liquidity and financial condition and certain factors
that may affect our future results. You should read this MD&A in conjunction with our financial statements and accompanying notes
included elsewhere in this report.

This Quarterly Report on Form
10-Q contains statements that are considered forward-looking statements. Forward-looking statements give the Company’s current expectations
and forecasts of future events. All statements other than statements of current