NOTE 7 COMMITMENTS AND CONTINGENCIES	12 Months Ended
Dec. 31, 2022
Notes
NOTE 7 COMMITMENTS AND CONTINGENCIES	NOTE 7. COMMITMENTS AND CONTINGENCIES On October 7, 2022, NewAge, the licensee of the related party SL Agreement filed an adversary proceeding against the Company as part of their Chapter 11 bankruptcy filing (Delaware Case #22-10819). NewAge contends they are the rightful owner of the intellectual property used in our operations and the underlying technology of the SL Agreement. NewAge's adversary proceeding contends that the Company's intellectual property was developed by Ariix, LLC which Mr. Fred Cooper was a founder, major shareholder, and CEO. In November 2020, Ariix, LLC was acquired by NewAge and Mr. Cooper became a Director of NewAge. NewAge alleges it purchased the intellectual property in the acquisition of Ariix, LLC. The Company believes that the code base and functionality of its software platform differs materially from any intellectual property owned by NewAge. The Company has expended significant resources in developing its software platform independent of NewAge and intends to vigorously defend and assert its intellectual property rights. In the event the Company does not prevail it may be required to impair substantially all of its intangible assets with a carrying value of approximately $1,067,000 at December 31, 2022, and may be forced to discontinue its on-going fee-based sales platform. The adversary Complaint filed by NewAge claims money damages in an amount to be determined at trial, but does not state any specific dollar amount of alleged damages. The Complaint has yet to be served on KwikClick as of the issuance date of these financial statements, and NewAge has requested extensions of time to serve the Complaint. As such, litigation is in its early stages, and an estimate of reasonably possible loss cannot be made at this time. As such, there has been no further adjustment to the accompanying balance sheet or statements of operations or cash flows as of and for the year ended December 31, 2022.

NOTE 7 COMMITMENTS AND CONTINGENCIES

12 Months Ended

Dec. 31, 2022

NOTE 7. COMMITMENTS AND CONTINGENCIES

On October 7, 2022, NewAge, the licensee of the related party SL Agreement filed an adversary proceeding against the Company as part of their Chapter 11 bankruptcy filing (Delaware Case #22-10819). NewAge contends they are the rightful owner of the intellectual property used in our operations and the underlying technology of the SL Agreement. NewAge's adversary proceeding contends that the Company's intellectual property was developed by Ariix, LLC which Mr. Fred Cooper was a founder, major shareholder, and CEO. In November 2020, Ariix, LLC was acquired by NewAge and Mr. Cooper became a Director of NewAge. NewAge alleges it purchased the intellectual property in the acquisition of Ariix, LLC.

The Company believes that the code base and functionality of its software platform differs materially from any intellectual property owned by NewAge. The Company has expended significant resources in developing its software platform independent of NewAge and intends to vigorously defend and assert its intellectual property rights. In the event the Company does not prevail it may be required to impair substantially all of its intangible assets with a carrying value of approximately $1,067,000 at December 31, 2022, and may be forced to discontinue its on-going fee-based sales platform. The adversary Complaint filed by NewAge claims money damages in an amount to be determined at trial, but does not state any specific dollar amount of alleged damages. The Complaint has yet to be served on KwikClick as of the issuance date of these financial statements, and NewAge has requested extensions of time to serve the Complaint. As such, litigation is in its early stages, and an estimate of reasonably possible loss cannot be made at this time. As such, there has been no further adjustment to the accompanying balance sheet or statements of operations or cash flows as of and for the year ended December 31, 2022.