Company: KCRD
Filing Date: 2025-05-19
Form Type: 10-K
Source: 0001477932-25-003933
Chunk: 669

Company: Kindcard, Inc.
Filing Date: 2025-05-19
Form: 10-K
Item: Item 8
Chunk 669
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 is currently in testing, is anticipated to go into production in the fourth quarter of FY 2025 and is depreciated over 3 - 5 years.   January 31,  January 31,   2025  2024 Definite-lived intangible assets      Technology: DEB Platform $239,435  $224,210 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   245,310 Less: accumulated amortization  (220,571 )  (136,585 )Definite-lived intangible assets, net $39,964  $108,725  The following is the future estimated amortization expense related to intangible assets as of January 31, 2025: Year ending January 31,   2026 - $23,469 2027 -  11,420 2028 -  5,075 Total - $39,964 

 F-12Table of Contents

Kindcard, Inc. and Subsidiaries

Notes to Consolidated Financial Statements

January 31, 2025

NOTE 5 – CURRENT LIABILITIES  Accounts Payable Accounts Payable is comprised of trade payables of $303,970 and $267,435 at January 31, 2025 and January 31, 2024, respectively. Accrued Payroll & Tax Expenses Balance consists of Accrued Salaries & Wages $6,423 and 6,042, Accrued Payroll Tax $1397 and $303, Payroll Tax Payable of $0.00 and $5,905, Accrued Income Taxes of $3,687 and $1,345 and Sales Tax Payable of $29 and $0.00 at January 31, 2025 and January 31, 2024 respectively.  Accrued Interest Balance consists of accrued interest notes payable of $38,335 and $18,742, accrued interest Due to Related Party of $4,963 and $615, and short-term portion of accrued interest SBA loan of $5,921 and $8,772 at January 31,