Company: KCRD
Filing Date: 2025-12-22
Form Type: 10-Q
Source: 0001477932-25-009119
Chunk: 55

Company: Kindcard, Inc.
Filing Date: 2025-12-22
Form: 10-Q
Item: Part II, Item 8
Chunk 55
---
’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 $318,900 as of October 31, 2025 and $396,875 as of January 31, 2025, respectively. 

NOTE 8 – LOANS SBA Loan The balance consists of Small Business Administration Economic Disaster Injury Loan assumed in the acquisition of Kindcard on June 7, 2021, with a principal balance of $150,000 and $3,160 accrued interest for a total balance of $153,160. An additional $23,981 of interest was accrued and $10,673 in installments payments have been made as of October 31, 2025, for a total balance of $166,468. The term of the note is 30 years with an interest rate of 3.75% per annum, installment payments of $731 began April 14, 2023, and consist of interest only for the first thirty months. On March 15, 2024, the Company entered into an SBA accommodation plan with twelve months of reduced installment payments of $73, as of October 31, 2025 the accommodation plan has been extended through February 15, 2026 with installment payments of $366.

F-11Table of Contents

 Kindcard, Inc. and Subsidiaries

Condensed Notes to Consolidated Financial Statements (unaudited)

October 31, 2025

NOTE 8 – LOANS (continued)

SBA Loan (continued)

 Year ending January 31,  2026: $- 2027:  6,579 2028:  8,772 2029:  8,772 2030:  8,772 Thereafter