Company: KCRD
Filing Date: 2025-12-22
Form Type: 10-Q
Source: 0001477932-25-009119
Chunk: 54

Company: Kindcard, Inc.
Filing Date: 2025-12-22
Form: 10-Q
Item: Part II, Item 8
Chunk 54
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’s option into shares of common stock of the Company at a per share conversion price of $0.01. As of October 31, 2025 $3,465 in interest has been accrued. RMR is a company owned and controlled by the Company’s CEO. On May 1, 2024, the Company issued a Promissory Note in the amount of $24,669 to RMR in exchange for expenses paid and funds previously loaned to the company. RMR is a company owned and controlled by the Company’s CEO. The loan is unsecured with an interest rate of 10% per annum and a maturity date of December 31, 2024. As of October 31, 2025 the loan was extended to December 31, 2025, $8,014 in payments have been made and $3,845 in interest has been accrued for a total balance of $20,500. On May 17, 2024, the Company issued a 6% Promissory Note in the amount of $75,000 to RMR Management Group LLC (“RMR”) in consideration for a $75,000 loan from RMR to the Company. RMR is a company owned and controlled by the Company’s CEO, Michael Rosen. The loan is unsecured with an interest rate of 6% per annum, monthly installments consisting of principal and interest in the amount of $4,541 beginning June 5, 2024, and a maturity date of November 16, 2025. As of October 31, 2025, $375 in interest has been accrued and $73,934 in payments have been made for a total balance of $4,542. During the period ended January 31, 2025 RMR loaned an additional $37,505 to the Company in the form of short-term loans with interest rates ranging from 6% to 10% per annum with a maturity date of December 31, 2024. As of October 31, 2025 $26,486 in payments were made, $285 in interest was accrued and the loans have been extended to December 31, 2025. In the period ended October 31, 2025 RMR loaned an additional $19,398 to the Company $760 in interest has been accrued and $31,462 in payments have been made for a total balance of $NIL. RMR is a company owned and controlled by the Company