v3.25.2

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)	Jun. 30, 2025	Dec. 31, 2024
Current assets:
Cash and cash equivalents	$ 57,080	$ 192,996
Accounts receivable, net	80,596	32,278
Other receivable	40,178	44,753
Total current assets	177,854	270,027
Equipment, net	473	1,027
Intellectual property, net	1,203,260	1,280,688
Right of use asset	62,908	0
Security deposit	3,700	0
Total assets	1,448,195	1,551,742
Current liabilities:
Accounts payable	543,361	781,388
Accrued expenses	134,369	96,210
Lease obligation	38,453	0
Deferred revenue	85,000	0
Related party loans	3,062,358	2,842,982
Total current liabilities	3,863,541	3,720,580
Long-term liabilities:
Lease obligation, net of current portion	24,719	0
Total liabilities	3,888,260	3,720,580
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 3,892,960 and 3,891,648 shares issued and outstanding at June 30, 2025 and December 31, 2024, respectively	389	389
Additional paid-in-capital	10,258,311	10,189,727
Accumulated deficit	(12,698,765)	(12,358,954)
Total stockholders' deficit	(2,440,065)	(2,168,838)
Total liabilities and stockholders' deficit	$ 1,448,195	$ 1,551,742

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

KwikClick, Inc. 10-Q