Company: KCRD
Filing Date: 2025-05-19
Form Type: 10-K
Source: 0001477932-25-003933
Chunk: 428

Company: Kindcard, Inc.
Filing Date: 2025-05-19
Form: 10-K
Item: Item 4
Chunk 428
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 of intellectual property $15,225. Our investing activities in 2024 consisted of costs incurred in the development of intellectual property $15,225.

Cash flows from Financing Activities

Cash flows provided by financing activities during the year ended January 31, 2025 amounted to $137,051 as compared with $76,750 for the year ended January 31, 2024. Our positive cash flow in 2025 consisted of net proceeds from short-term loans of $137,150. Our positive cash flow in 2024 consisted of net proceeds from short term loans of $51,750 and proceeds from the sale of shares $25,000. 

Our capital requirements for the next twelve months primarily relate to cash to pay salaries, consulting fees and fees related to third parties’ professional services. All funds received have been expended in the furtherance of growing the business. The following trends are reasonably likely to result in a material decrease in our liquidity over the near to long term:

 ●An increase in working capital requirements to finance our current business;

 ●Addition of administrative and sales personnel as the business grows; and

 ●The cost of being a public company.

We will need to raise additional funds, particularly if we are unable to generate positive cash flow as a result of our operations. We estimate that based on current plans and assumptions, our available cash will be insufficient to satisfy our cash requirements under our present operating expectations. Other than working capital and advances received from related parties and funds received pursuant to securities purchase agreements, we presently have no other significant alternative source of working capital. We have used these funds to fund our operating expenses, pay our obligations and grow our company. We will need to raise significant additional capital to fund our operations and to provide working capital for our ongoing operations and obligations. Therefore, our future operation is dependent on our ability to secure additional financing. Financing transactions may include the issuance of equity or debt securities, obtaining credit facilities, or other financing mechanisms. However, the trading price of our common stock and a downturn in the U.S. equity and debt markets could make it more difficult to obtain financing through the issuance of equity or debt securities. Even if we are able to raise the funds required, it is possible that we could incur unexpected costs and expenses or experience unexpected cash requirements that would force us to seek alternative financing. Furthermore, if we issue additional equity or debt securities, stockholders may experience additional dilution or the new equity securities may have rights, preferences or privileges senior to those of existing holders of