Company: KWIK
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001683168-25-002055
Chunk: 314

Company: KwikClick, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1C
Chunk 314
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acts 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

None.

ITEM 9A.   CONTROLS AND PROCEDURES

Disclosure Controls and Procedures

We maintain disclosure controls and procedures that
are designed to ensure that information required to be disclosed in our filings under the Exchange Act is recorded, processed, summarized
and reported within the periods specified in the rules and forms of the SEC. This information is accumulated to allow timely decisions
regarding required disclosure. Our principal executive officer and principal financial officer evaluated the effectiveness of our disclosure
controls and procedures as of the end of the period covered by this report and he determined that our disclosure controls and procedures
were ineffective due to material weaknesses discussed below.

The certificates of our principal executive officer
and principal financial and accounting officer attached as Exhib