Company: KWIK
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001683168-25-008410
Chunk: 16

Company: KwikClick, Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Item 8
Chunk 16
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 the note until the Company has achieved a more stable liquidity position,
however, he is not legally obligated to continue to do so.

We require additional capital
to continue to operate our business, and to develop and expand our business. Sources of additional capital through various financing transactions
or arrangements with third parties may include equity or debt financing, bank loans or revolving credit facilities. We may not be successful
in locating suitable financing transactions in the time period required or at all, and we may not obtain the capital we require by other
means.

Off-Balance Sheet Arrangements

The Company does not have
any off-balance sheet arrangements.

 17 

Critical Accounting Estimates

There has been no change in our critical accounting
estimates from those disclosed in our annual report on Form 10-K filed with the SEC on March 31, 2025.

Item 3. Quantitative and Qualitative Disclosures About Market Risk

Not applicable.

Item 4. Controls and Procedures

Evaluation of Disclosure
Controls and Procedures

Based on an evaluation under
the supervision and with the participation of our management, our principal executive officer and principal financial officer have concluded
that our disclosure controls and procedures as defined in Rules 13a-15(e) and 15d-15(e) under the Exchange Act were not effective as of
September 30, 2025 to ensure that information required to be disclosed by us in reports that we file or submit under the Exchange Act
is (i) recorded, processed, summarized and reported within the time periods specified in the SEC rules and forms and (ii) accumulated
and communicated to our management, including our principal executive officer and principal financial officer, as appropriate, to allow
timely decisions regarding required disclosure. Based on this evaluation, our management concluded that, as of September 30, 2025, our
internal control over financial reporting was not effective due to (i) insufficient segregation of duties in the finance and accounting
functions due to limited personnel; and (ii) inadequate corporate governance policies. In the future, subject to working capital limitations,
we intend to take appropriate and reasonable steps to make improvements to remediate these deficiencies.

Changes in Internal Control Over Financial Reporting

There have not been any changes
in our internal control over financial reporting (as such term is defined in Rules 13a-15(f) under the Exchange Act) during the fiscal
period to which this report relates that have materially affected, or are reasonably likely to materially affect, our internal control