Company: KCRD
Filing Date: 2025-12-22
Form Type: 10-Q
Source: 0001477932-25-009119
Chunk: 13

Company: Kindcard, Inc.
Filing Date: 2025-12-22
Form: 10-Q
Item: Part I, Item 1
Chunk 13
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, $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’s CEO, Michael Rosen. Total Due to related parties consists of the total amount owed to the Company’s CEO as of October 31, 2025 of $317,319 and $386,805 at January 31, 2025, of with accrued interest of $7,686 and $4,963, respectively. During the period ended January 31, 2025 an executive of the Company gave the Company use of a revolving credit account on an ongoing basis for working capital purposes. The account is noninterest bearing and payable monthly. The balance is comprised of trade payables of $1,581 and $10,070 at October 31, 2025, and January 31, 2025, respectively, for a Total Due to related parties of $318,