Company: KCRD
Filing Date: 2025-09-22
Form Type: 10-Q
Source: 0001477932-25-006912
Chunk: 12

Company: Kindcard, Inc.
Filing Date: 2025-09-22
Form: 10-Q
Item: Part I, Item 1
Chunk 12
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 2025, respectively.

 F-9Table of Contents

 Kindcard, Inc. and Subsidiaries

Condensed Notes to Consolidated Financial Statements (unaudited)

July 31, 2025

NOTE 5 – INTANGIBLE ASSETS (continued)

 On December 21, 2021 the Company entered into a contract to develop its proprietary payment processing DEB Platform. The platform is currently in testing, is anticipated to go into production in the second quarter of FY 2026 and is depreciated over 3 - 5 years.   July 31,  January 31,   2025  2025 Definite-lived intangible assets      Technology: DEB Platform $239,435  $239,435 Technology: Tendercard Program  3,200   3,200 Customer Lists  9,900   9,900 Website  5,200   5,200 Trade Name  2,800   2,800 Total  260,535   260,535 Less: accumulated amortization  (243,151 )  (220,571 )Definite-lived intangible assets, net $17,384  $39,964  The following is the future estimated amortization expense related to intangible assets as of July 31, 2025: Year ending January 31,   2026 - $7,657 2027 -  8,458 2028 -  1,269 Total - $17,384 

NOTE 6 – CURRENT LIABILITIES Accounts Payable Accounts Payable is comprised of trade payables of $313,310 and $293,900 at July 31, 2025 and January 31, 2025, respectively. Accrued Payroll & Tax Expenses Balance consists of Accrued Salaries & Wages $6,042 and 6,423, Accrued Payroll Tax $462 and $1,397, Accrued Excise Taxes of $3,687 and $3,687 and Sales Tax Payable of $NIL and $29 at July 31, 2025 and January 31, 2025 respectively. Accrued Interest Balance consists of accrued interest notes payable of $59,955 and $38,335, accrued interest Due to Related Party of