Company: KWIK
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001683168-25-008410
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Company: KwikClick, Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Item 8
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(Unaudited)

NOTE 1. BUSINESS

KwikClick, Inc., (the “Company” or
“Kwik”) was organized pursuant to the laws of the State of Delaware on November 16, 1993. Beginning in 2020, the Company commenced
its Kwik business operations to allow sellers to make products or services available on the Kwik platform, at Kwik.com, offering a self-determined
incentive budget on goods or services in exchange for exposure and substantially increased sales volume. Kwik is a social interaction,
selling, referral, and loyalty rewards software platform.

Going
Concern

Since the commencement of the Kwik platform, the
Company has accumulated deficits; experienced negative operating cash flows; and has a working capital deficit. The Company will require
additional funding to finance the growth of its future operations as well as to achieve its strategic objectives. 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.

NOTE 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis of Presentation

The accompanying unaudited condensed consolidated
financial statements of the Company have been prepared in accordance with the rules and regulations of the Securities and Exchange Commission
(the “SEC”), including the instructions to Form 10-Q and Regulation S-X. Certain information and note disclosures normally
included in financial statements prepared in accordance with generally accepted accounting principles in the United States of America
(“U.S. GAAP”), have been condensed or omitted from these statements pursuant to such rules and regulations and, accordingly,
they do not include all the information and notes necessary for comprehensive financial statements and should be read in conjunction with
our audited financial statements included in our Annual Report on Form 10-K for the year ended December 31, 2024.

In management’s opinion, the accompanying
unaudited condensed consolidated financial statements include all adjustments, consisting of only normal recurring adjustments, necessary
for the fair statement of the Company’s financial position, its results of operations, and its cash flows for the interim periods
presented. The results of operations for the three and nine months ended September 30, 2025, are not necessarily indicative of the
results to be expected for the full fiscal year or