Company: KCRD
Filing Date: 2025-06-16
Form Type: 10-Q
Source: 0001477932-25-004628
Chunk: 21

Company: Kindcard, Inc.
Filing Date: 2025-06-16
Form: 10-Q
Item: Part I, Item 1
Chunk 21
---
 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 period ended April 30, 2024 are primarily a result of a decrease in Operating Expense for the three month period ended April 30, 2025.

Liquidity and Capital Resources

Although we have raised limited funds in the form of debt financing, we anticipate that until we generate more revenue, we will require additional financings in order to fully implement our plan of operations.

As of April 30, 2025 we had $10,012 in cash, $20,646 in Accounts Receivable, $29,750 in Unbilled revenue, net, and Other Assets of $23,747. Total liabilities as of April 30, 2025, were $1,027,197 compared to $973,174 in total liabilities at January 31, 2025. The funds available to the Company will not be sufficient to fund the planned operations of the Company and maintain a reporting status.

The total amount owed to the Company’s CEO as of April 30, 2025 was $365,343. The amounts due to related party consist of