Company: KCRD
Filing Date: 2025-09-22
Form Type: 10-Q
Source: 0001477932-25-006912
Chunk: 56

Company: Kindcard, Inc.
Filing Date: 2025-09-22
Form: 10-Q
Item: Part II, Item 8
Chunk 56
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,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  The following is the future estimated amortization expense related to intangible assets as of July 31, 2025: Year ending January 31,   2026 - $7,657 2027 -  8,458 2028 -  1,269 Total - $17,384 

NOTE 6 – CURRENT LIABILITIES Accounts Payable Accounts Payable is comprised of trade payables of $313,310 and $293,900 at July 31, 2025 and January 31, 2025, respectively. Accrued Payroll & Tax Expenses Balance consists of Accrued Salaries & Wages $6,042 and 6,423, Accrued Payroll Tax $462 and $1,397, Accrued Excise Taxes of $3,687 and $3,687 and Sales Tax Payable of $NIL and $29 at July 31, 2025 and January 31, 2025 respectively. Accrued Interest Balance consists of accrued interest notes payable of $59,955 and $38,335, accrued interest Due to Related Party of $7,429 and $4,963, and short-term portion of accrued interest SBA loan of $8,041 and $5,921 at July 31, 2025 and January 31, 2025.

 F-10Table of Contents

 Kindcard, Inc. and Subsidiaries

Condensed Notes to Consolidated Financial Statements (unaudited)

July 31, 2025

NOTE 7 – DUE TO RELATED PARTY On September 15, 2023, the Company issued a 1% Convertible Promissory Note in the amount of $296,498 (the “Note”) to RMR Management Group LLC (“RMR”) in exchange for full and final settlement of an aggregate amount of $296,498 previously loaned by RMR to the Company. The Note is convertible at the RMR’s option into shares of common stock of the Company at a per share conversion price of $0.01. As of July