Company: KCRD
Filing Date: 2025-09-22
Form Type: 10-Q
Source: 0001477932-25-006912
Chunk: 31

Company: Kindcard, Inc.
Filing Date: 2025-09-22
Form: 10-Q
Item: Part I, Item 2
Chunk 31
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4. Total Cost of Sales for the three-month period ended July 31, 2025, was $18,928 resulting in a Gross Profit of $72,002 as compared to Total Cost of Sales for the three-month period ended July 31, 2024, of $18,199 resulting in a Gross Profit of $63,541. Operating Expenses for the three-month period ended July 31, 2025, were $250,482 resulting in Net Loss from Operations of $178,480. The net loss for the three-month period ended July 31, 2025, is comprised of General and Administrative Expenses of $245,229 and Depreciation and Amortization of $5,253, as compared to the Net loss for the three-month period ended July 31, 2024, of $84,055 which is comprised of General and Administrative Expenses of $127,231 and Depreciation and Amortization of $20,365. The changes in results of operations for the three-month period ended July 31, 2025 as compared to the three-month period ended July 31, 2024, are primarily a result of a change in the accounting method used to record Fixed Annual Service fee revenues and Shares issued for services for the three month period ended July 31, 2025.

For the six-month period ended July 31, 2025, we had revenues of $176,521 as compared to $166,793 in revenues for the six-month period ended July 31, 2024. Total Cost of Sales for the six-month period ended July 31, 2025, was $38,700 resulting in a Gross Profit of $137,821 as compared to Total Cost of Sales for the six-month period ended July 31, 2024 of $40,334 resulting in a Gross Profit of $126,459. Operating Expenses for the six-month period ended July 31, 2025, were $371,365 resulting in Net Loss of $233,544. The net loss for the six-month period ended July 31, 2025, is comprised of General and Administrative Expenses of $349,646, and Depreciation and Amortization of $21,719, as compared to the net loss for the six-month period ended July 31, 2024 of $173,587 which were comprised of General and Administrative Expenses of $260,585, and Depreciation and Amortization of $39,