Company: KCRD
Filing Date: 2025-09-22
Form Type: 10-Q
Source: 0001477932-25-006912
Chunk: 66

Company: Kindcard, Inc.
Filing Date: 2025-09-22
Form: 10-Q
Item: Part II, Item 8
Chunk 66
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 paper gift certificates and all manual recordkeeping with an electronic accounting and reporting system hosted by Tendercard. Unlike other gift card providers, Tendercard settles gift card purchases directly to the merchant’s account, never taking control of the money. Tendercard processing is available through the “Bridgepay” pay payment gateway and can be used with a dedicated terminal, or with “Pax”, and “Dejavoo” terminals.

The Company is dedicated to providing universal access to digital payment tools for all entities, persons, and governments, who accept or pay with money. Each of our business units has a focused value proposition, delivering cutting-edge fintech and paytech solutions within their target markets. Combined with excellent customer service, the Company aims to grow its user base and merchant network exponentially over the next two years.

Results of Operations

For the three-month period ended July 31, 2025, we had revenues of $90,930 as compared to $81,740 in revenues for the three-month period ended July 31, 2024. Total Cost of Sales for the three-month period ended July 31, 2025, was $18,928 resulting in a Gross Profit of $72,002 as compared to Total Cost of Sales for the three-month period ended July 31, 2024, of $18,199 resulting in a Gross Profit of $63,541. Operating Expenses for the three-month period ended July 31, 2025, were $250,482 resulting in Net Loss from Operations of $178,480. The net loss for the three-month period ended July 31, 2025, is comprised of General and Administrative Expenses of $245,229 and Depreciation and Amortization of $5,253, as compared to the Net loss for the three-month period ended July 31, 2024, of $84,055 which is comprised of General and Administrative Expenses of $127,231 and Depreciation and Amortization of $20,365. The changes in results of operations for the three-month period ended July 31, 2025 as compared to the three-month period ended July 31, 2024, are primarily a result of a change in the accounting method used to record Fixed Annual Service fee revenues and Shares issued for services for the three month period ended July 31, 2025.

For the six-month period ended July 31, 2025, we had revenues of $176,521 as compared to $166,793 in revenues for