Company: KCRD
Filing Date: 2025-12-22
Form Type: 10-Q
Source: 0001477932-25-009119
Chunk: 19

Company: Kindcard, Inc.
Filing Date: 2025-12-22
Form: 10-Q
Item: Part I, Item 1
Chunk 19
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 operating subsidiaries, Deb, Inc. and Tendercard, Inc., is an innovative FinTech and PayTech company which provides alternative Closed-Loop payment solutions to consumers and businesses across a wide variety of verticals domestically and worldwide. The Company believes that mobile wallet technology will ultimately grow to become the preferred method for merchants and consumers to transact online and at the point of sale, and it is our goal to capture significant market share from the mobile wallet segment domestically and internationally.

Tendercard, Inc. provides independent merchants with a gift card and loyalty platform, allowing businesses to purchase their own proprietary gift card program to promote and sell to their own customers, where their customers can also earn points. Tendercard’s gift card and loyalty platform replaces paper gift certificates and all manual recordkeeping with an electronic accounting and reporting system hosted by Tendercard. Unlike other gift card providers, Tendercard settles gift card purchases directly to the merchant’s account, never taking control of the money. Tendercard processing is available through the “Bridgepay” pay payment gateway and can be used with a dedicated terminal, or with “Pax”, and “Dejavoo” terminals.

The Company is dedicated to providing universal access to digital payment tools for all entities, persons, and governments, who accept or pay with money. Each of our business units has a focused value proposition, delivering cutting-edge fintech and paytech solutions within their target markets. Combined with excellent customer service, the Company aims to grow its user base and merchant network exponentially over the next two years.

Results of Operations

For the three-month period ended October 31, 2025, we had revenues of $97,711 as compared to $139,366 in revenues for the three-month period ended October 31, 2024. Total Cost of Sales for the three-month period ended October 31, 2025, was $33,873 resulting in a Gross Profit of $63,838 as compared to Total Cost of Sales for the three-month period ended October 31, 2024, of $25,262 resulting in a Gross Profit of $114,104. Operating Expenses for the three-month period ended October 31, 2025, were $108,719 resulting in Net Loss from Operations of $44,881. The net loss for the three-month period ended October 31, 2025, is comprised of General and Administrative Expenses of $106,883 and Depreciation and Amortization of $1,836, as compared to the Net loss for the three-month