Company: KCRD
Filing Date: 2025-05-19
Form Type: 10-K
Source: 0001477932-25-003933
Chunk: 804

Company: Kindcard, Inc.
Filing Date: 2025-05-19
Form: 10-K
Item: Item 8
Chunk 804
---
2025 and January 31, 2024. 

NOTE 6 – INCOME TAXES A reconciliation of the provision for income taxes at the United States federal statutory rate compared to the Company’s income tax expense as reported is as follows: Due to recurring losses, the Company’s tax provision for the years ended January 31, 2025 and 2024 was $0.   January 31, 2025  January 31, 2024        Net loss before income taxes per financial statements $(250,791 ) $(260,027 )Income tax rate  21%  21%Income tax recovery  (52,666 )  (54,606 )Valuation allowance change  52,666   54,606          Provision for income taxes  $-  $-  The significant component of deferred income tax assets at January 31, 2025 and 2024, is as follows:   January 31, 2025  January 31, 2024 Net operating loss carry-forward $596,473  $245,682 Valuation allowance  (596,473 ) $(245,682 )         Net deferred income tax asset $-  $- 

 F-13Table of Contents

Kindcard, Inc. and Subsidiaries 

Notes to Consolidated Financial Statements 

January 31, 2025 

NOTE 6 – INCOME TAXES (continued)

The provision for income taxes for 2025 and 2024, consisted of the following:   January 31, 2025  January 31, 2024 Federal      Current $-  $- Deferred  -   - Total $-  $-          State        Current $1,430  $1,345 Deferred  -   - Total $1,430  $1,345          Foreign        Current $-  $- Deferred  -   - Total $-  $- Provision for Income Taxes $1,430  $1,345  A reconciliation of the provision for income taxes to the amount by applying the statutory federal income tax rate (21% for 2025 and 2024) to income before provision