Kindcard, Inc 10-Q for FY2027 Q2

Kindcard, Inc. (KCRD)

10-Q 2026-09-21 For: 2026-07-31

Added on September 21, 2026

About this 10-Q

Kindcard, Inc filed this 10-Q on September 21, 2026, covering the quarter ended July 31, 2026 (FY2027 Q2).

Headline figures

Quarter ended July 31, 2026, as reported in this filing, compared with the same period a year earlier where the filing states it.

Revenue: $72.76K; down 20.0% from $90.93K a year earlier
Net loss: $54.18K; compared with a net loss of $178.48K 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, 2026 (unaudited) and January 31, 2026		F-1
Condensed Consolidated Statements of Operations for the three and six months ended July 31, 2026 and 2025 (unaudited)		F-2
Condensed Consolidated Statements of Stockholders’ Deficit for three and six months ended July 31, 2026 and 2025 (unaudited)		F-3
Condensed Consolidated Statements of Cash Flows for the six months ended July 31, 2026 and 2025 (unaudited)		F-4
Notes to Condensed Consolidated Financial Statements (unaudited)		F-5 - F-12

	July 31, 2026			January 31, 2026
Assets	Unaudited
Current Assets:
Cash	$	9,254		$	9,160
Accounts receivable, net - unbilled		52,600			32,526
Total Current Assets		61,854			41,686
Intangible Assets, net		4,652			9,727
Total Other Assets		4,652			9,727
Total Assets	$	66,506		$	51,413
Liabilities and Stockholders’ Deficit
Current Liabilities
Accounts payable	$	388,677		$	355,244
Accrued interest		91,038			70,585
Accrued interest due to related party		8,912			7,923
Accrued payroll and tax expenses		6,504			6,874
Due to related party		128,904			177,004
Notes payable		486,011			384,817
Current portion SBA Loan		8,772			8,407
Total Current Liabilities		1,118,818			1,010,854
Long-term Liabilities
Accrued interest long term portion		7,517			8,748
Long term portion notes payable		174,981			150,020
Total Long-term Liabilities		182,498			158,768
Total Liabilities		1,301,316			1,169,622
Commitments and Contingencies - Note 7		-			-
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, 2026 and January 31, 2026		103,581			103,581
Additional Paid In Capital		410,780			410,780
Accumulated Deficit		(1,749,171	)		(1,632,570	)
Total Stockholders’ Deficit		(1,234,810	)		(1,118,209	)
Total Liabilities and Stockholders’ Deficit	$	66,506		$	51,413

	For the three months ended July 31,						For the six months ended July 31,
	2026			2025			2026			2025
Revenue	$	72,758		$	90,930		$	146,933		$	176,521
Total Revenue		72,758			90,930			146,933			176,521
Cost of Sales		(16,860	)		(18,928	)		(35,178	)		(38,700	)
Total Cost of Sales		(16,860	)		(18,928	)		(35,178	)		(38,700	)
Gross Profit		55,898			72,002			111,755			137,821
Operating Expenses
General and Administrative Expenses		107,543			245,229			223,281			349,646
Depreciation and Amortization		2,538			5,253			5,075			21,719
Total Operating Expenses		110,081			250,482			228,356			371,365
Net Loss		(54,183	)		(178,480	)		(116,601	)		(233,544	)
Net Loss Per Common Share – Basic and Diluted	$	(0.00	)	$	(0.00	)	$	(0.00	)	$	(0.00	)
Weighted Average Number of Common Shares Outstanding Basic and Diluted		103,580,799			100,638,208			103,580,799			99,424,559

	Common Stock				Additional
	Number of Shares		Amount		Paid-in Capital		Accumulated Deficit			Total
Balance, January 31, 2026		103,580,799	$	103,581	$	410,780	$	(1,632,570	)	$	(1,118,209	)
Net loss for period ended April 30, 2026		-		-		-		(62,418	)		(62,418	)
Balance, April 30, 2026		103,580,799	$	103,581	$	410,780	$	(1,694,988	)	$	(1,180,627	)
Net loss for period ended July 31, 2026		-		-		-		(54,183	)		(54,183	)
Balance, July 31, 2026		103,580,799	$	103,581	$	410,780	$	(1,749,171	)	$	(1,234,810	)

	For the six months ended
	July 31,			July 31,
	2026			2025
Cash Flows from Operating Activities:
Net loss	$	(116,601	)	$	(233,544	)
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
Depreciation and amortization - operations		5,075			21,719
Decrease (increase) in operating assets/liabilities
Accounts receivable		(20,074	)		(27,536	)
Accounts payable		33,433			19,410
Accrued expenses		20,206			16,568
Total Adjustments		38,640			161,296
Net cash (used in) provided by operating activities		(77,961	)		(72,248	)
Net cash used in investing activities		-			-
Cash flows from financing activities
Proceeds from (repayments of) related party loan		(48,100	)		(49,777	)
Proceeds from notes payable, net		126,155			122,221
Net cash provided by financing activities		78,055			72,444
Net cash (decrease) increase for the period		94			196
Cash at beginning of period		9,160			9,089
Cash at end of period	$	9,254		$	9,285
Supplemental disclosures:
Interest Paid during the period	$	31,018		$	12,532
Taxes Paid during the period	$	0.00		$	0.00

	For the six months ended July 31,
	2026		2025

Cash Pickup Commission Revenue	$	1,500	$	750

Tendercard Program Revenue	$	145,433	$	175,771

Total Program Revenue	$	146,933	$	176,521

	July 31,			April 30,
	2026			2026
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		(255,883	)		(253,345	)
Definite-lived intangible assets, net	$	4,652		$	7,190

Year ending January 31,
2027 -		3,383
2028 -		1,269
Total -	$	4,652

2027:		8,772
2028:		8,772
2029:		8,772
2030:		8,772
Thereafter		114,932
Total future minimum loan payments	$	150,020

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

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

32.1*		Certification of Chief 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.

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

	Kindcard, Inc.
	(Registrant)

Date: September 21, 2026	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:

	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.

/s/ Michael Rosen
Michael Rosen CEO (Principal Executive Officer)

Date: September 21, 2026

	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.