Company: KCRD
Filing Date: 2025-12-22
Form Type: 10-Q
Source: 0001477932-25-009119
Chunk: 14

Company: Kindcard, Inc.
Filing Date: 2025-12-22
Form: 10-Q
Item: Part I, Item 1
Chunk 14
---
900 as of October 31, 2025 and $396,875 as of January 31, 2025, respectively. 

NOTE 8 – LOANS SBA Loan The balance consists of Small Business Administration Economic Disaster Injury Loan assumed in the acquisition of Kindcard on June 7, 2021, with a principal balance of $150,000 and $3,160 accrued interest for a total balance of $153,160. An additional $23,981 of interest was accrued and $10,673 in installments payments have been made as of October 31, 2025, for a total balance of $166,468. The term of the note is 30 years with an interest rate of 3.75% per annum, installment payments of $731 began April 14, 2023, and consist of interest only for the first thirty months. On March 15, 2024, the Company entered into an SBA accommodation plan with twelve months of reduced installment payments of $73, as of October 31, 2025 the accommodation plan has been extended through February 15, 2026 with installment payments of $366.

F-11Table of Contents

 Kindcard, Inc. and Subsidiaries

Condensed Notes to Consolidated Financial Statements (unaudited)

October 31, 2025

NOTE 8 – LOANS (continued)

SBA Loan (continued)

 Year ending January 31,  2026: $- 2027:  6,579 2028:  8,772 2029:  8,772 2030:  8,772 Thereafter  117,105 Total future minimum loan payments $150,000  Notes Payable Loans payable consist of a series of short term loans with a combined balance of $347,960 and $221,646 at October 31, 2025 and January 31, 2025. These loans are with vendors, consultants and advisors of the Company, are unsecured and have interest rates ranging from 7% to 12% per annum and maturity dates within one to twelve months.

NOTE 9 – COMMITMENTS AND CONTINGENCIES On May 25, 2022, the Company and an advisor entered into an Advisory Agreement related to the development, design and build of its compliance and state licensing program related to the Company’s Deb Platform. The initial term of the