Company: CLOQ
Filing Date: 2025-05-13
Form Type: 10-Q
Source: 0001641172-25-009976
Chunk: 27

Company: CYBERLOQ TECHNOLOGIES, INC.
Filing Date: 2025-05-13
Form: 10-Q
Item: Part I, Item 1
Chunk 27
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claim any obligation
subsequently to revise any forward-looking statements to reflect events or circumstances after the date of such statement or to reflect
the occurrence of anticipated or unanticipated events.

Company History

CyberloQ Technologies Inc.
(“CLOQ”, ‘We” or the “Company”) was incorporated in Nevada on February 5, 2008 as Advanced
Credit Technologies, Inc. The Company changed its name to CyberloQ Technologies, Inc. on November 20, 2019. The Company has never
been the subject of any bankruptcy, receivership or similar proceeding. The Company has never been involved in any material
reclassification, merger, or consolidation.

On June 15, 2017, the Company created a private
limited company in the United Kingdom named CyberloQ Technologies LTD. CyberloQ Technologies LTD is a wholly-owned subsidiary of the Company,
and any business that the Company has in the United Kingdom will be transacted through CyberloQ Technologies LTD. However, to date CyberloQ
Technologies LTD has had no activity, operational or otherwise and is now dissolved.

Current Overview of the Company

The Company is a development-stage technology
company focused on fraud prevention and credit management.

The Company offers a proprietary software platform
branded as CyberloQ®. While previously the Company licensed CyberloQ, in the third quarter of 2017, the Company acquired the CyberloQ
technology and is now the exclusive owner of CyberloQ.

CyberloQ is a MFA (Multi Factor
Authentication) protocol technology that is offered to institutional clients in order to combat fraudulent transactions and
unauthorized access to customer accounts or any digital asset. Through the use of a customer’s smart-phone, CyberloQ uses a
multi-factor authentication system to control access to a bank card, transaction type or amount, website, database or digital
service. The mobile applications for CyberloQ have been built, and have been successfully integrated into the banking ecosystem. The
Company has also updated the entire infrastructure, UI/UX and streamlined the deliverable services per strategic partnerships with
clients in multiple channels in order to increase the scalability of the original platform.

In addition to CyberloQ, the Company offers a
web-based proprietary software platform under the brand name TurnScor® which allows customers to monitor and manage their credit from
the privacy of their own homes. Although individuals can sign-up for TurnScor on their own, the Company also intends to market TurnScor
to