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

Company: Kindcard, Inc.
Filing Date: 2025-12-22
Form: 10-Q
Item: Part I, Item 1
Chunk 12
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,467 2027 -  8,458 2028 -  1,269 Total - $13,194 

NOTE 6 – CURRENT LIABILITIES Accounts Payable Accounts Payable is comprised of trade payables of $330,261 and $293,900 at October 31, 2025 and January 31, 2025, respectively. Accrued Payroll & Tax Expenses Balance consists of Accrued Salaries & Wages $6,042 and 6,423, Accrued Taxes of $4,293 and $5,113 at October 31, 2025 and January 31, 2025 respectively. Accrued Interest Balance consists of accrued interest notes payable of $61,334 and $38,333, accrued interest Due to Related Party of $7,686 and $4,963, and short-term portion of accrued interest SBA loan of $7,310 and $5,921 at October 31, 2025 and January 31, 2025.

F-10Table of Contents

 Kindcard, Inc. and Subsidiaries

Condensed Notes to Consolidated Financial Statements (unaudited)

October 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 October 31, 2025 $3,465 in interest has been accrued. RMR is a company owned and controlled by the Company’s CEO. On May 1, 2024, the Company issued a Promissory Note in the amount of $24,669 to RMR in exchange for expenses paid and funds previously loaned to the company. RMR is a company owned and controlled by the Company’s CEO. The loan is unsecured with an interest rate of 10% per annum and a maturity date of December 31, 2024. As of October 31, 2025 the loan was extended to December 31, 2025