Company: KCRD
Filing Date: 2025-12-22
Form Type: 10-Q
Source: 0001477932-25-009119
Chunk: 16

Company: Kindcard, Inc.
Filing Date: 2025-12-22
Form: 10-Q
Item: Part I, Item 1
Chunk 16
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2025 the loan had been extended to December 31, 2025 , $3,845 in interest has been accrued and $8,014 in payments have been made for a total balance of $20,500. During the period ended January 31, 2025 RMR loaned an additional $37,505 to the Company in the form of short-term loans with interest rates ranging from 6% to 10% per annum with a maturity date of December 31, 2024. As of January 31, 2025 the loans had been extended to December 31, 2025. In the period ended October 31, 2025 RMR loaned an additional $19,398 to the Company $760 in interest has been accrued and $31,642 in payments have been made for a total balance of $NIL. RMR is a company owned and controlled by the Company’s CEO, Michael Rosen.

NOTE 10 – COMMON STOCK The Company is authorized to issue 200,000,000 common shares with a par value of $0.001 per share. No preferred shares have been authorized or issued. On June 18, 2025, the Company issued 5,160,799 shares of common stock to a consultant in exchange for consulting services.

NOTE 11 – SUBSEQUENT EVENTS The Company evaluates events that occur after the period’s end date through the date the financial statements are available to be issued. Accordingly, management has evaluated subsequent events through the date these financial statements are issued and has determined that no subsequent events require disclosure in these financial statements.

 F-13Table of Contents

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

The following discussion and analysis of our financial condition and results of operations should be read in conjunction with our unaudited condensed consolidated financial statements and notes thereto included in Part I, Item 1 of this Quarterly Report on Form 10-Q and with our audited financial statements and notes thereto for the year ended January 31, 2025, included in our Annual Report on Form 10-K for the fiscal year ended January 31, 2025 filed on May 19, 2025 (the “Annual Report”) with the U.S. Securities and Exchange Commission (the “SEC”). This Quarterly Report on Form 10-Q contains forward looking statements, including without limitation, statements related to our plans, strategies, objectives, expectations, intentions and adequacy of resources.