$KWIK

KwikClick, Inc.

CIK:0001884164|SEC Filings

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Revenues:
Net revenue	$ 972,469	$ 231,710	$ 1,647,630	$ 438,580
Operating costs and expenses:
Cost of sales	198,894	88,538	392,601	157,561
Management and payroll	238,739	142,039	490,353	281,018
Marketing	216,982		219,615
Research and development	18,006	24,958	38,066	54,709
Loss on abandonment of long-lived assets	289,247	32,306	289,247	32,306
General and administrative	188,644	126,018	355,538	272,758
Total operating costs and expenses	1,150,512	413,859	1,785,420	798,352
Operating income (loss)	(178,043)	(182,149)	(137,790)	(359,772)
Other income (expense)
Interest expense - related party	(68,029)	(64,704)	(135,313)	(127,376)
Interest expense - other	0	(190)	(214)	(190)
Gain on liability settlement	0	0	0	147,527
Total other income (expense)	(68,029)	(64,894)	(135,527)	19,961
Loss before income taxes	(246,072)	(247,043)	(273,317)	(339,811)
Provision for income taxes	0	0	0	0
Net loss	$ (246,072)	$ (247,043)	$ (273,317)	$ (339,811)
Basic loss per share	$ (0.06)	$ (0.06)	$ (0.07)	$ (0.09)
Diluted loss per share	$ (0.06)	$ (0.06)	$ (0.07)	$ (0.09)
Weighted average shares outstanding - basic	3,892,979	3,892,114	3,892,979	3,891,892
Weighted average shares outstanding - diluted	3,892,979	3,892,114	3,892,979	3,891,892
Custom Design Services [Member]
Revenues:
Net revenue	$ 477,958	$ 203,000	$ 1,010,633	$ 387,500
Brand Services [Member]
Revenues:
Net revenue	494,511	28,710	630,997	51,080
Software Maintenance [Member]
Revenues:
Net revenue	$ 0	$ 0	$ 6,000	$ 0

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)	6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
Cash flows from operating activities:
Net loss	$ (273,317)	$ (339,811)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:
Depreciation and amortization	29,024	45,676
Amortization of right-of-use asset	19,758	14,980
Amortization of costs capitalized to obtain revenue contracts	25,627	0
Stock-based compensation	102,955	8,058
Gain on liability settlement	0	(147,527)
Loss on abandonment of long-lived assets	289,247	32,306
Bad debt expense	40,053	26,804
Changes in operating assets and liabilities:
Accounts receivable	(153,997)	(75,122)
Other receivable	0	4,575
Prepaid expenses	19,775	0
Security deposit	0	(3,700)
Accounts payable	(96,311)	(90,500)
Accrued expenses	244,643	98,159
Operating lease liability	(19,968)	(14,716)
Deferred revenue	(79,887)	85,000
Accrued interest added to related-party notes payable	135,313	127,376
Net cash provided by (used in) operating activities	282,915	(228,442)
Cash flows from investing activities:
Purchase of intellectual property	(15,600)	0
Capitalization of internal-use software	(52,644)	0
Net cash used in investing activities	(68,244)	0
Cash flows from financing activities:
Proceeds from related-party notes payable	0	92,000
Proceeds from exercise of common stock warrants	0	526
Net cash provided by financing activities	0	92,526
Net increase (decrease) in cash	214,671	(135,916)
Cash at beginning of period	106,468	192,996
Cash at end of period	321,139	57,080
Supplemental disclosure of cash flow information:
Cash paid for income taxes	0	0
Cash paid for interest	214	190
Supplemental disclosure of non-cash investing and financing activities:
Stock appreciation rights issued for settlement of accrued compensation	60,000	60,000
Increase in intellectual property with accounts payable	20,989	0
Increase in capitalized internal-use software with accounts payable	23,094	0
Right-of-use asset obtained in exchange for operating lease liability	$ 0	$ 77,888

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)	Jun. 30, 2026	Dec. 31, 2025
Current assets:
Cash	$ 321,139	$ 106,468
Accounts receivable, net	204,636	63,139
Costs capitalized to obtain revenue contracts	15,389	41,016
Prepaid expenses	27,121	46,896
Other receivable	21,444	48,997
Total current assets	589,729	306,516
Equipment, net	223	491
Capitalized internal-use software	69,681	0
Intellectual property, net	238,592	513,949
Right-of-use asset	24,350	44,108
Security deposit	3,700	3,700
Total assets	926,275	868,764
Current liabilities:
Accounts payable	386,366	438,594
Accrued expenses	377,606	192,963
Operating lease liability	24,719	41,067
Deferred revenue	31,443	111,330
Related-party notes payable	3,429,094	3,293,781
Total current liabilities	4,249,228	4,077,735
Long-term liabilities:
Operating lease liability, net of current portion	0	3,620
Total liabilities	4,249,228	4,081,355
Stockholders’ deficit
Preferred stock, $0.0001 par value; 5,000,000 shares authorized and none issued and outstanding	0	0
Common stock, $0.0001 par value; 50,000,000 shares authorized and 3,892,979 shares issued and outstanding at June 30, 2026 and December 31, 2025	389	389
Additional paid-in capital	10,625,756	10,462,801
Accumulated deficit	(13,949,098)	(13,675,781)
Total stockholders’ deficit	(3,322,953)	(3,212,591)
Total liabilities and stockholders’ deficit	$ 926,275	$ 868,764