Kindcard, Inc 10-Q for FY2026 Q2

Kindcard, Inc. (KCRD)

10-Q 2025-09-22 For: 2025-07-31

Added on April 06, 2026

About this 10-Q

Kindcard, Inc filed this 10-Q on September 22, 2025, covering the quarter ended July 31, 2025 (FY2026 Q2).

Headline figures

Quarter ended July 31, 2025, as reported in this filing, compared with the same period a year earlier where the filing states it.

Revenue: $90.93K; up 11.2% from $81.74K a year earlier
Net loss: $178.48K; compared with a net loss of $84.06K a year earlier
Diluted EPS: $0.00; compared with $0.00 a year earlier

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Large accelerated filer	☐	Accelerated filer	☐
Non-accelerated Filer	☐	Smaller reporting company	☒
		Emerging growth company	☐

PART I—FINANCIAL INFORMATION

Item 1.	Condensed Consolidated Financial Statements.	3

Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations.	4

Item 3.	Quantitative and Qualitative Disclosures about Market Risk.	6

Item 4.	Controls and Procedures.	6

PART II—OTHER INFORMATION

Item 1.	Legal Proceedings.	7

Item 1A.	Risk Factors.	7

Item 2.	Unregistered Sales of Securities and Use of Proceeds.	7

Item 3.	Defaults Upon Senior Securities.	7

Item 4.	Mining Safety Disclosures.	7

Item 5.	Other Information.	7

Item 6.	Exhibits.	8

Condensed Consolidated Balance Sheets as of July 31, 2025 (unaudited) and January 31, 2025		F-1
Condensed Consolidated Statements of Operations for the three and six months ended July 31, 2025 and 2024 (unaudited)		F-2
Condensed Consolidated Statements of Stockholders’ Deficit for three and six months ended July 31, 2025 and 2024 (unaudited)		F-3
Condensed Consolidated Statements of Cash Flows for the six months ended July 31, 2025 and 2024 (unaudited)		F-4
Notes to Condensed Consolidated Financial Statements (unaudited)		F-5 - F-14

	July 31, 2025			January 31, 2025
Assets
Current Assets:
Cash	$	9,285		$	9,089
Accounts receivable, net - unbilled		19,764			17,728
Unbilled Revenue, net		42,500			17,000
Total Current Assets		71,549			43,817
Property, plant and equipment, net		983			2,237
Intangible Assets, net		17,384			39,964
Total Other Assets		18,367			42,201
Total Assets	$	89,916		$	86,018
Liabilities and Stockholders’ Deficit
Current Liabilities
Accounts payable	$	313,310		$	293,900
Accrued interest		52,526			38,333
Accrued interest due to related party		7,429			4,963
Accrued payroll and tax expenses		10,191			11,536
Due to related party		347,098			396,875
Notes payable		343,867			221,646
Current portion SBA loan interest		8,041			5,921
Total Current Liabilities		1,082,462			973,174
Long-term Liabilities
Accrued interest long term portion		8,471			9,337
SBA loan		150,000			150,000
Total Long-term Liabilities		158,471			159,337
Total Liabilities		1,240,933			1,132,511
Commitments and Contingencies - See Note 9		-			-
Stockholders’ Deficit
Common Stock
Authorized 200,000,000 shares of common stock, $0.001 par value, Issued and outstanding 103,330,799 shares of common stock as of July 31, 2025 (January 31, 2025 –98,170,000)		103,331			98,170
Additional Paid In Capital		401,330			277,471
Accumulated Deficit		(1,655,678	)		(1,422,134	)
Total Stockholders’ Deficit		(1,151,017	)		(1,046,493	)
Total Liabilities and Stockholders’ Deficit	$	89,916		$	86,018

	For the three months ended July 31,						For the six months ended July 31,
	2025			2024			2025			2024
Revenue	$	90,930		$	76,740		$	176,521		$	161,793
Other Revenue		-			5,000			-			5,000
Total Revenue		90,930			81,740			176,521			166,793
Cost of Sales		18,928			18,199			38,700			40,334
Total Cost of Sales		18,928			18,199			38,700			40,334
Gross Profit		72,002			63,541			137,821			126,459
Operating Expenses
General and Administrative Expenses		245,229			127,231			349,646			260,585
Depreciation and Amortization		5,253			20,365			21,719			39,461
Total Operating Expenses		250,482			147,596			371,365			300,046
Net Loss		(178,480	)		(84,055	)		(233,544	)		(173,587	)
Net Income Per Common Share – Basic and Diluted	$	-		$	-			-		$	-
Weighted Average Number of Common Shares Outstanding
Basic and Diluted		100,638,208			98,170,000			99,424,559			98,170,000

	Common Stock				Additional
	Number of Shares		Amount		Paid-in Capital		Accumulated Deficit			Total
Balance, January 31, 2025		98,170,000	$	98,170	$	277,471	$	(1,422,134	)	$	(1,046,493	)
Net loss for period ended April 30, 2025		-		-		-		(55,064	)		(55,064	)
Balance, April 30, 2025		98,170,000	$	98,170	$	277,471	$	(1,477,198	)	$	(1,101,557	)
Shares issued for services		5,160,799		5,161		123,859		-			129,020
Net loss for period ended July 31, 2025		-		-		-		(178,480	)		(178,480	)
Balance, July 31, 2025		103,330,799	$	103,331	$	401,330	$	(1,655,678	)	$	(1,151,017	)

	For the six months ended
	July 31,			July 31,
	2025			2024
Cash Flows from Operating Activities:
Net loss	$	(233,544	)	$	(173,587	)
Adjustments to reconcile net loss to net Cash used by operations
Shares issued for services		129,020			-
Depreciation and amortization - cost of goods sold		2,115			3,843
Depreciation and amortization - operations		21,719			39,461
Decrease (increase) in operating assets/liabilities
Accounts receivable, net - unbilled		(2,036	)		1,326
Unbilled revenue		(25,500	)		-
Prepaid expenses		-			17,550
Accounts payable		19,410			26,465
Accrued expenses		16,568			9,256
Total Adjustments		161,296			97,901
Net cash (used in) provided by operating activities		(72,248	)		(75,686	)
Costs incurred to develop intellectual property		-			(15,225	)
Net cash used in investing activities		-			(15,225	)
Cash flows from financing activities
Proceeds from and repayments of related party loan		(49,777	)		96,108
Proceeds from notes payable, net		122,221			13
Net cash provided by financing activities		72,444			96,121
Net cash (decrease) increase for the period		196			5,210
Cash at beginning of period		9,089			9,647
Cash at end of period	$	9,285		$	14,857

	For the six months ended July 31,
	2025		2024

Cash Pickup Commission Revenue	$	750	$	23,345

Tendercard Program Revenue	$	175,771	$	138,448

Other Revenue	$	-	$	5,000

Total Program Revenue	$	176,521	$	166,793

	July 31,			January 31,
	2025			2025
Merchandise and equipment: Vault	$	10,000		$	10,000
Merchandise and equipment: Office Equipment		4,286			4,286
Merchandise and equipment: IT Equipment		4,945			4,945
Total Cost	$	19,231		$	19,231
Less: accumulated depreciation		(18,121	)		(16,994	)
Property and equipment, net	$	983		$	2,237

Year ending January 31,
2026 -	$	7,657
2027 -		8,458
2028 -		1,269
Total -	$	17,384

2026:	$	-
2027:		6,579
2028:		8,772
2029:		8,772
2030:		8,772
Thereafter		117,105
Total future minimum loan payments	$	150,000

31.1*		Certification of Chief Executive Officer pursuant to Rule 13(a)-14(a)/15(d)-14(a) of the Securities Act of 1934

31.2+		Certification of Chief Financial Officer pursuant to Rule 13(a)-14(a)/15(d)-14(a) of the Securities Act of 1934

32.1*		Certification of Chief Executive Officer Executive Officer under Section 1350 as Adopted pursuant Section 906 of the Sarbanes-Oxley Act of 2002

32.2++		Certification of Chief Financial Officer under Section 1350 as Adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.

101.INS		Inline XBRL Instance Document (the instance document does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document)

101.SCH		Inline XBRL Taxonomy Extension Schema Document

101.CAL		Inline XBRL Taxonomy Extension Calculation Linkbase Document

101.DEF		Inline XBRL Taxonomy Extension Definition Linkbase Document

101.LAB		Inline XBRL Taxonomy Extension Labels Linkbase Document

101.PRE		Inline XBRL Taxonomy Extension Presentation Linkbase Document

104		Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101)

*	Filed herewith

#	Indicates management contract or compensatory plan.

+	Included in Exhibit 31.1

++	Included in Exhibit 32.1

	Kindcard, Inc.
	(Registrant)

Date: September 22, 2025	By:	/s/ Michael Rosen
		Michael Rosen
		CEO, CFO, President, and Director
		(Principal Executive Officer,
		Principal Financial and Accounting Officer)

1.	I have reviewed this quarterly report of Kindcard, Inc.;

2.	Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3.	Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4.	The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in the Exchange Act Rules 13a-15(f) and 15d – 15(f)) for the registrant and have:

	July 31,			January 31,
	2025			2025
Definite-lived intangible assets
Technology: DEB Platform	$	239,435		$	239,435
Technology: Tendercard Program		3,200			3,200
Customer Lists		9,900			9,900
Website		5,200			5,200
Trade Name		2,800			2,800
Total		260,535			260,535
Less: accumulated amortization		(243,151	)		(220,571	)
Definite-lived intangible assets, net	$	17,384		$	39,964

	a)	Designed such disclosure controls and procedures, or caused such controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

	b)	Designed such internal controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

	c)	Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

	d)	Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrants most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

	a)	All significant deficiencies and material weaknesses in the design or operation of internal controls over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and,

	b)	Any fraud, whether material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

	1.	The Quarterly Report fully complies with the requirements of Section 13(a) or15(d) of the Securities and Exchange Act of 1934, as amended; and

	2.	The information contained in this Quarterly Report fairly presents, in all material respects, the financial condition and results of operation of the Company.