Company: KCRD
Filing Date: 2025-12-22
Form Type: 10-Q
Source: 0001477932-25-009119
Chunk: 4

Company: Kindcard, Inc.
Filing Date: 2025-12-22
Form: 10-Q
Item: Part I, Item 1
Chunk 4
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 sold  5,098   5,765 Depreciation and amortization - operations  23,554   59,826 Decrease (increase) in operating assets/liabilities        Accounts receivable, net - unbilled  (2,517)  2,003 Unbilled revenue  13,446   - Prepaid expenses  -   17,550 Accounts payable  36,361   4,643 Accrued expenses  25,733   (836)Total Adjustments  230,695   88,951 Net cash (used in) provided by operating activities  (47,730)  (92,224)Cash flows from investing activities        Costs Incurred to develop intellectual property  -   (15,225)Net cash used in investing activities  -   (15,225)Cash flows from financing activities        Proceeds from (and repayments of) related party loan  (77,975)  98,506 Proceeds from notes payable, net  126,314   13,363 Net cash provided by financing activities  48,339   111,869 Net cash (decrease) increase for the period  609   4,420 Cash at beginning of period  9,089   9,647 Cash at end of period $9,698  $14,067 

The accompanying notes are an integral part of these unaudited condensed consolidated financial statements

F-4Table of Contents

 Kindcard, Inc. and Subsidiaries

Condensed Notes to Consolidated Financial Statements (unaudited)

October 31, 2025

NOTE 1 – NATURE OF OPERATIONS AND BASIS OF PRESENTATION KindCard, Inc. (f/k/a MWF Global Inc.) (the “Company”) was incorporated in the State of Nevada on November 18, 2016, and established a fiscal year end of January 31. On June 7, 2021, the Company entered into a Stock Purchase Agreement (the “Purchase Agreement”) with Kindcard, Inc., a Massachusetts corporation (“KindCard MA”) and Croesus Holdings Corp, a Massachusetts corporation (“Croesus” and together with Kindcard MA, the “Seller”), pursuant to which the Company acquired (i) all of the intellectual property and operational assets