Company: CLOQ
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001641172-25-023402
Chunk: 34

Company: CYBERLOQ TECHNOLOGIES, INC.
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 1
Chunk 34
---
 the foregoing, the Company experienced a net loss from operations of $243,102 in the three months ended June 30, 2025 compared
to a net loss from operations of $217,987 in the three months ended June 30, 2024. The overall net loss for the three months ended June 30, 2025 was $243,102 due to interest expense of $79,833, as
compared to overall net loss of $217,987 for the three month period ended June 30, 2024.

Item
3. Quantitative and Qualitative Disclosures About Market Risk

The
Company qualifies as a smaller reporting company as defined by §229.10(f)(1) and therefore is not required to provide the information
required by this Item.

ITEM
4. CONTROLS AND PROCEDURES

Our
management is responsible for establishing and maintaining a system of disclosure controls and procedures (as defined in Rule 13a-15(e)
and 15d-15(e) under the Exchange Act) that is designed to ensure that information required to be disclosed by us in the reports that
we file or submit under the Exchange Act is recorded, processed, summarized and reported, within the time periods specified in the Commission’s
rules and forms. Disclosure controls and procedures include, without limitation, controls and procedures designed to ensure that information
required to be disclosed by an issuer in the reports that it files or submits under the Exchange Act is accumulated and communicated
to the issuer’s management, including its principal executive officer or officers and principal financial officer or officers,
or persons performing similar functions, as appropriate to allow timely decisions regarding required disclosure.

An
evaluation was conducted under the supervision and with the participation of our management of the effectiveness of the design and operation
of our disclosure controls and procedures as of June 30, 2025 in accordance with Committee of Sponsoring Organizations of the Treadway
Commission’s 2013 Integrated Framework. Based on that evaluation, our management concluded that our disclosure controls and procedures
were not effective as of such date to ensure that information required to be disclosed in the reports that we file or submit under the
Exchange Act, is recorded, processed, summarized and reported within the time periods specified in SEC rules and forms. In addition,
due to its current size, the Company currently does not have sufficient staff to maintain appropriate segregation of duties, as it pertains
to application and oversight of internal control processes. Material weaknesses have previously been identified, including