Company: KCRD
Filing Date: 2025-06-16
Form Type: 10-Q
Source: 0001477932-25-004628
Chunk: 55

Company: Kindcard, Inc.
Filing Date: 2025-06-16
Form: 10-Q
Item: Part II, Item 8
Chunk 55
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 Deb transactions at the point of sale only appear on the consumer’s mobile wallet’s statement, not bank or credit card statements, offering additional privacy to the consumer.

Tendercard, Inc. provides independent merchants with a gift card and loyalty platform, allowing businesses to purchase their own proprietary gift card program to promote and sell to their own customers, where their customers can also earn points. Tendercard’s gift card and loyalty platform replaces 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 April 30, 2025, we had revenues of $85,591 as compared to $85,053 in revenues for the three-month period ended April 30, 2024. Total Cost of Sales for the three-month period ended April 30, 2025 was $19,772 resulting in a Gross Profit of $65,819 as compared to Total Cost of Sales for the three-month period ended April 30, 2024 of $22,135 resulting in a Gross Profit of $62,918. Operating Expenses for the three-month period ended April 30, 2025 were $120,883 resulting in Net Loss of $55,064. The net loss for the three-month period ended April 30, 2025 is comprised of General and Administrative Expenses of $104,417, and Depreciation and Amortization of $16,466, as compared to the net loss for the three-month period ended April 30, 2024 of $89,532 which were comprised of General and Administrative Expenses of $133,354, and Depreciation and Amortization of $19,096. The changes in results of operations for the three-month period ended April 30, 2025 as compared to the three-month