$KWIK
KwikClick, Inc.

2022 Q3 Form 10-Q Financial Statement

#000109690622001983 Filed on August 22, 2022

View on sec.gov

Income Statement

Concept 2022 Q3 2022 Q2 2022 Q1
Revenue $166.7K $222.2K $253.9K
YoY Change 233.45%
Cost Of Revenue $126.5K $32.91K $47.12K
YoY Change
Gross Profit $40.19K $189.3K $206.8K
YoY Change -19.62%
Gross Profit Margin 24.11% 85.19% 81.44%
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development $255.7K $272.0K $397.3K
YoY Change
% of Gross Profit 636.23% 143.73% 192.1%
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $1.007M $1.572M $1.177M
YoY Change 154.5% 373.48%
Operating Profit -$840.0K -$1.350M -$970.0K
YoY Change 143.08% 306.56%
Interest Expense $6.125K $0.00
YoY Change
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income -$840.0K -$1.350M -$922.9K
YoY Change
Income Tax $0.00 $0.00 $0.00
% Of Pretax Income
Net Earnings -$840.0K -$1.350M -$922.9K
YoY Change 143.08% 306.56% 275.75%
Net Earnings / Revenue -503.82% -607.59% -363.45%
Basic Earnings Per Share -$0.01
Diluted Earnings Per Share -$0.01
COMMON SHARES
Basic Shares Outstanding 128.0M shares
Diluted Shares Outstanding 127.1M shares

Balance Sheet

Concept 2022 Q3 2022 Q2 2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $24.48K $15.46K $339.8K
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $24.48K $65.46K
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $5.900K $6.177K
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $989.2K $932.1K
YoY Change
TOTAL ASSETS
Total Short-Term Assets $24.48K $65.46K
Total Long-Term Assets $989.2K $932.1K
Total Assets $1.014M $997.6K
YoY Change
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $400.4K $513.4K
YoY Change
Accrued Expenses $79.82K $41.44K
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $1.220M $1.495M
YoY Change
LONG-TERM LIABILITIES
Long-Term Debt
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $1.220M $1.495M
Total Long-Term Liabilities
Total Liabilities $1.302M $1.588M
YoY Change
SHAREHOLDERS EQUITY
Retained Earnings -$5.665M -$4.826M
YoY Change
Common Stock $12.89K $11.80K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$287.8K -$590.8K -$1.735M
YoY Change
Total Liabilities & Shareholders Equity $1.014M $997.6K
YoY Change

Cashflow Statement

Concept 2022 Q3 2022 Q2 2022 Q1
OPERATING ACTIVITIES
Net Income -$840.0K -$1.350M -$922.9K
YoY Change 143.08% 306.56% 275.75%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities -$725.0K
YoY Change
INVESTING ACTIVITIES
Capital Expenditures $7.537K
YoY Change
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$7.537K
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $462.5K
YoY Change
NET CHANGE
Cash From Operating Activities -$725.0K
Cash From Investing Activities -$7.537K
Cash From Financing Activities $462.5K
Net Change In Cash -$270.1K
YoY Change
FREE CASH FLOW
Cash From Operating Activities -$725.0K
Capital Expenditures $7.537K
Free Cash Flow -$732.5K
YoY Change

Facts In Submission

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dei Document Type
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KwikClick, Inc.
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<p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:justify"><b>NOTE 1. BUSINESS</b></p> <p style="font:8pt Times New Roman;margin:0;color:#000000;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:justify">KwikClick, Inc., (the Company) was organized pursuant to the laws of the State of Delaware on November 16, 1993. Beginning in 2020, the Company commenced its KwikClick business operations to allow sellers to make products or services available on the KwikClick platform, at Kwik.com, offering a self-determined discount on goods or services in exchange for exposure and substantially increased sales volume. </p>
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CY2022Q2 us-gaap Common Stock Shares Outstanding
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117967605 shares
CY2021Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
115912605 shares
CY2021Q4 us-gaap Common Stock Shares Outstanding
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115912605 shares
CY2022Q2 us-gaap Issuance Of Stock And Warrants For Services Or Claims
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225000 usd
CY2022Q2 fil Issuance Of Common Stock For Intellectual Property Acquisition
IssuanceOfCommonStockForIntellectualPropertyAcquisition
100000 usd
fil Common Stock Shares Issued For Compensation Shares
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fil Common Stock Shares Issued For Compensation
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fil Common Stock Issued For Accrued Compensation
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fil Remaining Compensation
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CY2022Q2 fil Issuance Of Common Stock For Settlement Of Stock Issuable
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CY2022Q2 us-gaap Deferred Compensation Share Based Arrangements Liability Current
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CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
0 shares
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
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0
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us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
0.22
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
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us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
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us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedWeightedAverageGrantDateFairValue
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CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
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CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
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CY2022Q2 us-gaap Stock Issued During Period Value Share Based Compensation
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us-gaap Stock Issued During Period Value Share Based Compensation
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CY2022Q2 fil Committed Shares For The Fulfillment Of Vested Awards
CommittedSharesForTheFulfillmentOfVestedAwards
314383 shares
CY2022Q2 fil Committed Shares For The Fulfillment Of Unvested Awards
CommittedSharesForTheFulfillmentOfUnvestedAwards
4816001 shares
CY2022Q2 us-gaap Due To Related Parties Current
DueToRelatedPartiesCurrent
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CY2021Q4 us-gaap Due To Related Parties Current
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34489 usd
CY2022Q2 fil Revenue From Licensing Agreement
RevenueFromLicensingAgreement
150000 usd
CY2022Q2 us-gaap Accounts Receivable Net
AccountsReceivableNet
50000 usd

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