Company: CLOQ
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023235
Chunk: 3

Company: CYBERLOQ TECHNOLOGIES, INC.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 2
Chunk 3
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 its ability to raise additional
capital in order to continue its operations.

Results
of Operations for the Nine Months Ended September 30, 2025 and 2024

Company
revenue was $0 in the nine months ended September 30, 2025 as compared to $15,000 for the nine months ended September 30, 2024. This
was due to the services agreement with QRails, Inc no longer being in effect.

The
Company’s operating expenses were $581,558 for the nine months ended September 30, 2025 as compared to $517,419 for the nine months
ended September 30, 2024. This increase in operating expenses was primarily due to an increase in officers compensation which was $289,000
for the nine months ended September 30, 2025 compared to $182,500 for the nine months ended September 30, 2024 due to a bonus approved
by the Board of Directors that was issued in the first quarter of 2025.

In
addition, there was an increase in computer and internet expense which was $73,576 for the nine months ended September 30, 2025 compared
to $33,443 for the nine months ended September 30, 2024. This increase was due to an increase in hosting costs associated with the Company’s
web services.

These
increases were partially offset by a decrease in professional fees which were $164,729 for the nine months ended September 30, 2025 as
compared to $228,486 for the nine months ended September 30, 2024 due to an issuance of common stock for services that occurred in the
first quarter of 2024. The Company also experienced a decrease in other operating expenses which were $21,326 for the nine months ended
September 30, 2025 as compared to $48,859 for the nine months ended September 30, 2024 primarily due to bad debt and dues and subscriptions
in 2024.

In
addition, the Company experienced changes in expense categories as noted below.

Travel
expenses were $10,488 for the nine months ended September 30, 2025 as compared to $6,510 for the nine months ended September 30, 2024.

Office
supplies and expenses were $14,077 for the nine months ended September 30, 2025 as compared to $10,216 for the nine months ended September
30