Company: KCRD
Filing Date: 2025-09-22
Form Type: 10-Q
Source: 0001477932-25-006912
Chunk: 23

Company: Kindcard, Inc.
Filing Date: 2025-09-22
Form: 10-Q
Item: Part I, Item 1
Chunk 23
---
,480. The net loss for the three-month period ended July 31, 2025, is comprised of General and Administrative Expenses of $245,229 and Depreciation and Amortization of $5,253, as compared to the Net loss for the three-month period ended July 31, 2024, of $84,055 which is comprised of General and Administrative Expenses of $127,231 and Depreciation and Amortization of $20,365. The changes in results of operations for the three-month period ended July 31, 2025 as compared to the three-month period ended July 31, 2024, are primarily a result of a change in the accounting method used to record Fixed Annual Service fee revenues and Shares issued for services for the three month period ended July 31, 2025.

For the six-month period ended July 31, 2025, we had revenues of $176,521 as compared to $166,793 in revenues for the six-month period ended July 31, 2024. Total Cost of Sales for the six-month period ended July 31, 2025, was $38,700 resulting in a Gross Profit of $137,821 as compared to Total Cost of Sales for the six-month period ended July 31, 2024 of $40,334 resulting in a Gross Profit of $126,459. Operating Expenses for the six-month period ended July 31, 2025, were $371,365 resulting in Net Loss of $233,544. The net loss for the six-month period ended July 31, 2025, is comprised of General and Administrative Expenses of $349,646, and Depreciation and Amortization of $21,719, as compared to the net loss for the six-month period ended July 31, 2024 of $173,587 which were comprised of General and Administrative Expenses of $260,585, and Depreciation and Amortization of $39,461. The changes in results of operations for the six-month period ended July 31, 2025, as compared to the six-month period ended July 31, 2024 are primarily a result of a change in the accounting method used to record Fixed Annual Service fee revenues and Shares issued for services for the six month period ended July 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