Company: KCRD
Filing Date: 2025-05-19
Form Type: 10-K
Source: 0001477932-25-003933
Chunk: 425

Company: Kindcard, Inc.
Filing Date: 2025-05-19
Form: 10-K
Item: Item 4
Chunk 425
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 commission revenue and $25,000 in other revenue for the year ended January 31, 2024. The decrease of $75,974 in revenue was due to an decrease in gift card program revenue and commission revenue. 

Cost of Revenue

Cost of revenue includes the direct cost of internal labor and related benefits, travel expenses related to consulting services, direct subcontractor costs, other related direct consulting costs.

For the years ended January 31, 2025 and 2024, the cost of revenue were $97,278 and $96,962, respectively, representing an increase of $316. The increase of cost of revenue was mainly driven by an increase in the direct costs to produce the revenue.

Operating Expenses

For the years ended January 31, 2025 and January 31, 2024, operating expenses consisted of the following:

  For the Years ended   January 31,  January 31,   2025  2024 Advertising and Marketing $4,169  $6,024 Communications $63,328  $50,338 Consulting $20,439  $134,458 Employee Benefits $8,733  $7,732 Legal and Professional Fees $103,433  $77,007 General and Administrative $182,232  $197,840 Salaries and Wages $100,000  $100,000 Depreciation and Amortization $80,191  $73,826 Bad Debt Expense $1,857  $2,683 Taxes $1,430  $1,345   $565,812  $651,253 

 ·Expenses for the year ended January 31, 2025 totaled $565,812, consisting primarily of advertising and marketing expense of $4,169, communications expense of $63,328, consulting expense of $20,439, employee benefits of $8,733, legal and professional fees of $103,433, general and administrative expenses of $182,232, salaries and wages of $100,000, bad debt expense of $1,857 and taxes of $1,430 resulting in a net loss of $252,221.    ·Expenses for the year ended January 31, 2024 totaled $651,253, consisting primarily of advertising and marketing expense of $6,