Company: KWIK
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001683168-25-002055
Chunk: 358

Company: KwikClick, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 2
Chunk 358
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 in value of our common stock. All of our current employees, directors and consultants are eligible to participate in the
2021 Plan.

 25 

Recent Sales of Unregistered Securities

On December 9, 2024, the Company granted 1,000,000
stock settled appreciation rights (SARs) with a grant price of $0.10, which was the fair market value at the time of the grant.

On December 27, 2024, the Company granted 1,500,000
warrants at grant price of $0.04, which was the fair market value at the time of the grant.

On December 31, 2024, the Company granted 461,538
stock settled appreciation rights (SARs) with a grant price of $0.065, which was the fair market value at the time of the grant.

All other issues of shares have been previously disclosed.

No underwriters were involved in the issuance of the
securities noted above. All of the securities issued were deemed to be exempt from registration under the Securities Act in reliance upon
Section 4(a)(2) of the Securities Act. The issuance of stock that was exempt under Section 4(a)(2) was a private offering to an accredited
investor. Each of the investors represented to the Company that it (i) is an “accredited investor” as defined in Rule 501(a)
of Regulation D promulgated under the Securities Act of 1933, as amended, (ii) is knowledgeable, sophisticated, and experienced in making
investment decisions of this kind, and (iii) has had adequate access to information about the Company.

ITEM 7. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION
AND RESULTS OF OPERATIONS

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.

The following discussion and analysis of our financial
condition and results of operations should be read in conjunction with our risk factors, financial statements and related notes that appear
elsewhere in this Annual Report on Form 10-K. In addition to historical financial information, the following discussion contains forward-looking
statements that reflect our plans, estimates and beliefs. Our actual results could differ materially from those discussed in the forward-looking
statements. Risk factors that could cause or contribute