Company: KWIK
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001683168-25-002055
Chunk: 215

Company: KwikClick, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1A
Chunk 215
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 our shareholders will be reduced, shareholders may experience additional dilution,
or the equity securities may have rights preferences or privileges senior to the common stock.

Going Concern Risk

As reflected in the accompanying financial statements,
the Company has a net loss of $1,956,424 for the year ended December 31, 2024. If the Company doesn’t begin to generate sufficient
revenue or raise additional funds through financing, the Company may need to incur additional liabilities with certain outside and related
parties to sustain the Company’s existence. The Company will require additional funding to finance the growth of its future operations
as well as to achieve its strategic objectives. The Company may experience difficulties in raising these funds due to inflationary economic
impacts on funding sources. This raises substantial doubt about the Company’s ability to continue as a going concern. The ability
of the Company to continue as a going concern is dependent on the Company’s ability to raise additional capital and generate revenue.
The financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern.

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Off-Balance Sheet Arrangements

There are no off-balance sheet arrangements that have
or are reasonably likely to have a current or future effect on our financial condition, changes in financial condition, revenues or expenses,
results of operations, liquidity, capital expenditures or capital resources that are material to investors.

Critical Accounting Estimates

Occasionally, the Company utilizes its shares to compensate
certain employees and consultants to develop the KwikClick platform or provide other services to the Company. Due to the lack of an active
trading market for the Company’s shares, it is difficult to measure the fair market value of shares issued for compensation. The
Company carefully considers the price of the shares contemporary to the event of compensation and applies a reasonable valuation upon
issuance.

ITEM 7A.   QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT
MARKET RISK

As a smaller reporting company, we are not required to provide the information
required by this Item.

ITEM 8.   FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

The full text of our audited financial statements
as of December 31, 2024 and December 31, 2023 begins on page F-1 of this Form 10-K.

ITEM 9.   CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS
ON ACCOUNTING AND FINANCIAL DISCLOSURE