Company: KCRD
Filing Date: 2025-05-19
Form Type: 10-K
Source: 0001477932-25-003933
Chunk: 18

Company: Kindcard, Inc.
Filing Date: 2025-05-19
Form: 10-K
Item: Item 1
Chunk 18
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31, 2025 totaled $565,812, consisting primarily of advertising and marketing expense of $4,169, communications expense of $63,328, consulting expense of $20,439, employee benefits of $8,733, legal and professional fees of $103,433, general and administrative expenses of $182,232, salaries and wages of $100,000, bad debt expense of $1,857 and taxes of $1,430 resulting in a net loss of $252,221.    ·Expenses for the year ended January 31, 2024 totaled $651,253, consisting primarily of advertising and marketing expense of $6,024, communications expense of $50,338, consulting expense of $134,458, employee benefits of $7,732, legal and professional fees of $77,007, general and administrative expenses of $197,840, salaries and wages of $100,000, bad debt expense of $2,683 and taxes of $1,345 resulting in a net loss of $261,372.    ·The decrease in expenses between fiscal 2025 and fiscal 2024 was primarily due to the decrease in development of the Deb, Inc. “Pay with Deb” platform and operating activities of Tendercard, Inc..

 13Table of Contents

Income (Loss) from Operations

As a result of the foregoing, for the year ended January 31, 2025, loss from operations amounted to $252,221, as compared to loss from operations of $261,372 for the year ended January 31, 2024.

Other Income

Other income (loss) for the years ended January 31, 2025, and 2024 were $5,000 and $25,000, respectively. 

Other Expense

We did not have any other expense for the years ended January 31, 2025 and January 31, 2024.

Income Taxes

Income taxes expense for the years ended January 31, 2025, and January 31, 2024 were $1,430 and $1,345, respectively.

Net Income (Loss)

Net income (loss) for the years ended January 31, 2025, and 2024 were $(252,221) and $(261,372), respectively.

Liquidity and Capital Resources

Liquidity is the ability of a company to generate funds to support its current and future operations, satisfy its obligations and otherwise operate on an ongoing basis