Company: KCRD
Filing Date: 2025-06-16
Form Type: 10-Q
Source: 0001477932-25-004628
Chunk: 3

Company: Kindcard, Inc.
Filing Date: 2025-06-16
Form: 10-Q
Item: Part I, Item 1
Chunk 3
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,096 Decrease (increase) in operating assets/liabilities        Accounts receivable, net - unbilled  (2,918 )  559 Unbilled revenue  (12,750 )  - Prepaid expenses  -   13,162 Accounts payable  16,783   26,888 Accrued expenses  (1,314 )  (710 )Total Adjustments  18,255   60,917 Net cash (used in) provided by operating activities  (36,809 )  (28,615 )Cash flows from financing activities        Proceeds from and repayments of related party loan  (15,222 )  25,686 Proceeds from notes payable, net  52,954   3,633 Net cash provided by financing activities  37,732   29,319 Net cash (decrease) increase for the period  923   704 Cash at beginning of period  9,089   9,647 Cash at end of period $10,012  $10,351 

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

 F-4Table of Contents

Kindcard, Inc. and Subsidiaries

Condensed Notes to Consolidated Financial Statements (unaudited)

April 30, 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