Company: KWIK
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001683168-25-002055
Chunk: 65

Company: KwikClick, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1
Chunk 65
---
     44,753  
     – 
  
    Equipment, net 
     1,027  
     4,515 
  
    Intellectual property, net 
     1,280,688  
     1,406,491 
  
    Right to use asset 
     –  
     64,194 
  
    Total assets 
    $1,551,742  
    $1,555,889 

    LIABILITIES AND STOCKHOLDERS' DEFICIT 

    Current liabilities: 

    Accounts payable 
    $781,388  
    $888,513 
  
    Accrued expenses 
     96,210  
     120,859 
  
    Lease obligation 
     –  
     55,852 
  
    Related party loans 
     2,842,982  
     1,754,445 
  
    Total current liabilities 
     3,720,580  
     2,819,669 
  
    Long-term liabilities: 

    Lease obligation, net of current portion 
     –  
     10,174 
  
    Total liabilities 
     3,720,580  
     2,829,843 

    Stockholders' deficit 

    Preferred stock, $0.0001 par value; 5,000,000 shares authorized and none issued and outstanding 
     –  
     – 
  
    Common stock, $0.0001
    par value; 400,000,000 shares authorized; 155,648,705 shares
    issued and outstanding at December 31, 2024 and 2023, respectively 
     15,566  
     15,316 
  
    Additional paid-in-capital 
     10,174,550  
     9,113,260 
  
    Accumulated deficit 
     (12,358,954) 
     (10,402,530)
  
    Total stockholders' deficit 
     (2,168,838) 
     (1,273,954)
  
    Total liabilities and stockholders' deficit 
    $1,551,742  
    $1,555,889 

The accompanying footnotes are an integral part of
these consolidated financial statements

 F-2 

KWIKCLICK, INC.

CONSOLIDATED STATEMENTS OF OPERATIONS