Company: KCRD
Filing Date: 2025-05-19
Form Type: 10-K
Source: 0001477932-25-003933
Chunk: 201

Company: Kindcard, Inc.
Filing Date: 2025-05-19
Form: 10-K
Item: Item 15
Chunk 201
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744 Net cash (used in) provided by operating activities  (122,384 )  (64,628 )Cash flows from investing activities        Costs incurred to develop intellectual property  (15,225 )  (15,225 )Net cash used in investing activities  (15,225 )  (15,225 )Cash flows from financing activities        Shares issued for cash  -   25,000 Proceeds from related party loan  90,307   - Proceeds from notes payable, net  46,744   51,750 Net cash provided by financing activities  137,051   76,750 Net cash (decrease) increase for the year  (558 )  (3,103 )Cash at beginning of year  9,647   12,750 Cash at end of year $9,089  $9,647 Supplemental disclosures:        Non-cash investing & financing activities:        Common Stock issued in exchange for services $-  $52,650 

The accompanying notes are an integral part of these consolidated financial statements  

 F-6Table of Contents

Kindcard, Inc. and Subsidiaries

Notes to Consolidated Financial Statements

January 31, 2025

NOTE 1 – NATURE OF OPERATIONS AND BASIS OF PRESENTATION KindCard, Inc. (f/k/a MWF Global Inc.) (the “Company”) was incorporated in the State of Nevada on November 18, 2016, and established a fiscal year end of January 31. On June 7, 2021, the Company entered into a Stock Purchase Agreement (the “Purchase Agreement”) with Kindcard, Inc., a Massachusetts corporation (“KindCard MA”) and Croesus Holdings Corp, a Massachusetts corporation (“Croesus” and together with Kindcard MA, the “Seller”), pursuant to which the Company acquired (i) all of the intellectual property and operational assets (collectively, the “Assets”) of the Tendercard Division of Croesus. On July 9, 2021, the Company filed a Certificate of Amendment to Articles of Incorporation (the “Certificate”) with the State of Nevada to effectuate a name change (the “Name Change”). As a result of the Name Change, the Company’s name changed from “MWF Global Inc.” to “Kindcard, Inc.”. On August