Company: CLOQ
Filing Date: 2025-05-13
Form Type: 10-Q
Source: 0001641172-25-009976
Chunk: 16

Company: CYBERLOQ TECHNOLOGIES, INC.
Filing Date: 2025-05-13
Form: 10-Q
Item: Part I, Item 1
Chunk 16
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    March 31, 2025  
    December 31, 2024 
  
    CyberloQ platform 
    $1,677,621  
    $1,545,421 
  
    Website 
     8,725  
     7,450 
  
    Patent 
     21,497  
     - 
  
    Fixed assets, gross 
     21,497  
     - 

    Less: accumulated amortization 
     -  
     - 

    Fixed assets, net 
    $1,707,843  
    $1,552,871 

The patents have not yet been issued and the website has not yet been put
into service, as a result, amortization expense was $0 and $0 for
the three months ended March 31, 2025 and 2024, respectively.

     F-9 

CyberloQ Technologies, Inc.

NOTES TO CONSOLIDATED CONDENSED FINANCIAL STATEMENTS
(unaudited)

For the Three Months Ended March 31, 2025

NOTE 3 – GOING CONCERN

The Company has incurred
losses since Inception resulting in an accumulated deficit of $8,972,916 as of March 31, 2025 that includes a loss of $341,030 for
the three months ended March 31, 2025. Further losses are anticipated in the development of its business. Accordingly, there is substantial
doubt about the entity’s ability to continue as a going concern within one year after the financial statements are issued.

The accompanying financial
statements have been prepared in conformity with accounting principles generally accepted in the United States of America, which contemplate
continuation of the Company as a going concern. The financial statements do not include any adjustments relating to the recoverability
and classification of recorded asset amounts or the amounts and classification of liabilities that could result from the outcome of this
uncertainty.

The ability to continue
as a going concern is dependent upon the Company generating profitable operations in the future and, or, obtaining the necessary financing
to meet its obligations and repay its liabilities arising from normal business operations when they come due.

Management anticipates
that the Company will be dependent, for the near future, on additional investment capital to fund operating expenses. The Company intends
to position itself so that it may be able to raise additional funds through the