Company: KCRD
Filing Date: 2025-12-22
Form Type: 10-Q
Source: 0001477932-25-009119
Chunk: 20

Company: Kindcard, Inc.
Filing Date: 2025-12-22
Form: 10-Q
Item: Part I, Item 1
Chunk 20
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 period ended October 31, 2024, of $7,588 which is comprised of General and Administrative Expenses of $101,327 and Depreciation and Amortization of $20,365. The changes in results of operations for the three-month period ended October 31, 2025 as compared to the three-month period ended October 31, 2024, are primarily a result of a decrease in Cash Pickup revenues for the three month period ended October 31, 2025.

For the nine-month period ended October 31, 2025, we had revenues of $274,232 as compared to $301,159 in revenues for the nine-month period ended October 31, 2024. Total Cost of Sales for the nine-month period ended October 31, 2025, was $72,573 resulting in a Gross Profit of $201,659 as compared to Total Cost of Sales for the nine-month period ended October 31, 2024 of $65,596 resulting in a Gross Profit of $240,563. Operating Expenses for the nine-month period ended October 31, 2025, were $480,084 resulting in Net Loss of $278,425. The net loss for the nine-month period ended October 31, 2025, is comprised of General and Administrative Expenses of $456,529, and Depreciation and Amortization of $23,555, as compared to the net loss for the nine-month period ended October 31, 2024 of $181,175 which were comprised of General and Administrative Expenses of $361,912, and Depreciation and Amortization of $59,826. The changes in results of operations for the nine-month period ended October 31, 2025, as compared to the nine-month period ended October 31, 2024 are primarily a result of a decrease in Cash Pickup revenues and Shares issued for services for the nine month period ended October 31, 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 financing in order to fully implement our plan of operations.

As of October 31, 2025, we had $9,698 in cash, $20,245 in Accounts Receivable, $3,554 in Unbilled revenue, net, and Other Assets of $13,549. Total liabilities as of October 31, 2025