$KWIK
KwikClick, Inc.

2022 Q4 Form 10-Q Financial Statement

#000109690622002823 Filed on November 21, 2022

View on sec.gov

Income Statement

Concept 2022 Q4 2022 Q3 2021 Q3
Revenue $166.7K $50.00K
YoY Change 233.45%
Cost Of Revenue $126.5K $0.00
YoY Change
Gross Profit $40.19K $50.00K
YoY Change -19.62%
Gross Profit Margin 24.11% 100.0%
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development $255.7K
YoY Change
% of Gross Profit 636.23%
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $1.007M $395.6K
YoY Change 154.5%
Operating Profit -$840.0K -$345.6K
YoY Change 143.08%
Interest Expense $6.125K
YoY Change
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income -$840.0K
YoY Change
Income Tax $0.00 $0.00
% Of Pretax Income
Net Earnings -$840.0K -$345.6K
YoY Change 143.08%
Net Earnings / Revenue -503.82% -691.12%
Basic Earnings Per Share -$0.01
Diluted Earnings Per Share -$0.01
COMMON SHARES
Basic Shares Outstanding 128.8M shares 128.0M shares
Diluted Shares Outstanding 127.1M shares

Balance Sheet

Concept 2022 Q4 2022 Q3 2021 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $30.58K $24.48K $154.2K
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $30.58K $24.48K
YoY Change -94.99%
LONG-TERM ASSETS
Property, Plant & Equipment $5.623K $5.900K
YoY Change 113.4%
Goodwill
YoY Change
Intangibles $1.067M
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $1.191M $989.2K
YoY Change 93.31%
TOTAL ASSETS
Total Short-Term Assets $30.58K $24.48K
Total Long-Term Assets $1.191M $989.2K
Total Assets $1.222M $1.014M
YoY Change -0.35%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $546.8K $400.4K
YoY Change -4.54%
Accrued Expenses $124.6K $79.82K
YoY Change -63.9%
Deferred Revenue
YoY Change
Short-Term Debt
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $729.7K $1.220M
YoY Change -64.2%
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 $729.7K $1.220M
Total Long-Term Liabilities
Total Liabilities $795.7K $1.302M
YoY Change -60.96%
SHAREHOLDERS EQUITY
Retained Earnings -$6.499M -$5.665M
YoY Change 154.61%
Common Stock $14.95K $12.89K
YoY Change 28.94%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $426.0K -$287.8K $368.7K
YoY Change
Total Liabilities & Shareholders Equity $1.222M $1.014M
YoY Change -0.35%

Cashflow Statement

Concept 2022 Q4 2022 Q3 2021 Q3
OPERATING ACTIVITIES
Net Income -$840.0K -$345.6K
YoY Change 143.08%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities
YoY Change
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities
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
YoY Change
NET CHANGE
Cash From Operating Activities
Cash From Investing Activities
Cash From Financing Activities
Net Change In Cash
YoY Change
FREE CASH FLOW
Cash From Operating Activities
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

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<p style="font:10pt Times New Roman;margin:0;color:#000000;background-color:#FFFFFF;text-align:justify"><b>NOTE 1. BUSINESS</b></p> <p style="font:8pt Times New Roman;margin:0;color:#000000;background-color:#FFFFFF;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;color:#000000;background-color:#FFFFFF;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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<p style="font:10pt Times New Roman;margin:0;color:#000000;background-color:#FFFFFF;text-align:justify"><b>Use of Estimates</b></p> <p style="font:10pt Times New Roman;margin:0;color:#000000;background-color:#FFFFFF;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;color:#000000;background-color:#FFFFFF;text-align:justify">The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates.</p>
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CY2021Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
400000000 shares
CY2022Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
400000000 shares
CY2022Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2021Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2021Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
CY2022Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
CY2022Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
128842605 shares
CY2022Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
128842605 shares
CY2021Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
115912605 shares
CY2021Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
115912605 shares
CY2022Q3 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
1000000 usd
us-gaap Issuance Of Stock And Warrants For Services Or Claims
IssuanceOfStockAndWarrantsForServicesOrClaims
225000 usd
CY2022Q3 fil Issuance Of Common Stock For Intellectual Property Acquisition
IssuanceOfCommonStockForIntellectualPropertyAcquisition
100000 usd
fil Common Stock Shares Issued For Compensation Shares
CommonStockSharesIssuedForCompensationShares
1000000 shares
fil Common Stock Shares Issued For Compensation
CommonStockSharesIssuedForCompensation
1000000 usd
fil Common Stock Issued For Accrued Compensation
CommonStockIssuedForAccruedCompensation
333334 usd
fil Remaining Compensation
RemainingCompensation
666667 usd
CY2022Q3 fil Issuance Of Common Stock For Settlement Of Stock Issuable
IssuanceOfCommonStockForSettlementOfStockIssuable
1041200 usd
CY2022Q3 us-gaap Deferred Compensation Share Based Arrangements Liability Current
DeferredCompensationShareBasedArrangementsLiabilityCurrent
4010 usd
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
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
0
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
5797550 shares
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
0 shares
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
1581549 usd
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedWeightedAverageGrantDateFairValue
0.54
CY2022Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
4216001 shares
CY2022Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
0.10
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
5000000 shares
us-gaap Stock Granted During Period Value Sharebased Compensation
StockGrantedDuringPeriodValueSharebasedCompensation
500000 usd
CY2022Q3 fil Unrecognized Compensation Associated With The Unvested Portion Of The Award
UnrecognizedCompensationAssociatedWithTheUnvestedPortionOfTheAward
420000 usd
CY2022Q3 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
-143001 usd
us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
-1162865 usd
CY2022Q3 fil Committed Shares For The Fulfillment Of Vested Awards
CommittedSharesForTheFulfillmentOfVestedAwards
130883 shares
CY2022Q3 fil Committed Shares For The Fulfillment Of Unvested Awards
CommittedSharesForTheFulfillmentOfUnvestedAwards
4216001 shares
CY2022Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber
400000 shares
us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
850000 usd
us-gaap Increase Decrease In Due To Related Parties
IncreaseDecreaseInDueToRelatedParties
650000 usd
us-gaap Increase Decrease In Due To Related Parties
IncreaseDecreaseInDueToRelatedParties
34489 usd
fil Revenue From Licensing Agreement
RevenueFromLicensingAgreement
300000 usd
CY2022Q3 us-gaap Accounts Receivable Net
AccountsReceivableNet
50000 usd

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0001096906-22-002823.txt Edgar Link pending
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Financial_Report.xlsx Edgar Link pending
kwik-20220930.htm Edgar Link pending
kwik-20220930.xsd Edgar Link pending
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