Kindcard, Inc. Files 10-Q for Period Ending July 31, 2024
Ticker: KCRD · Form: 10-Q · Filed: Sep 16, 2024 · CIK: 1696025
| Field | Detail |
|---|---|
| Company | Kindcard, INC. (KCRD) |
| Form Type | 10-Q |
| Filed Date | Sep 16, 2024 |
| Risk Level | medium |
| Pages | 15 |
| Reading Time | 18 min |
| Key Dollar Amounts | $0.078, $52,650, $0.0054, $53,656 |
| Sentiment | neutral |
Sentiment: neutral
Topics: 10-Q, financials, retail
Related Tickers: KCRD
TL;DR
Kindcard (KCRD) filed its Q2 2025 10-Q. Check financials.
AI Summary
Kindcard, Inc. filed a 10-Q for the period ending July 31, 2024. The company, formerly known as MWF Global Inc., is incorporated in Nevada and operates in the retail sector. Their fiscal year ends on January 31st. The filing includes financial information and details about their business operations.
Why It Matters
This filing provides investors and stakeholders with an update on Kindcard, Inc.'s financial performance and operational status for the specified period.
Risk Assessment
Risk Level: medium — The risk level is medium due to the nature of 10-Q filings which provide a snapshot of financial health and operational status, but do not include forward-looking statements or specific market-moving news.
Key Numbers
- $200,000,000 — Authorized Shares (Indicates the total number of shares the company is permitted to issue.)
- $98,170,000 — Outstanding Shares (Represents the number of shares currently held by investors.)
Key Players & Entities
- Kindcard, Inc. (company) — Filer of the 10-Q
- MWF Global Inc. (company) — Former name of Kindcard, Inc.
- 20240731 (date) — End of the reporting period
- 20240916 (date) — Filing date
- 0131 (date) — Fiscal year end
FAQ
What is the primary business of Kindcard, Inc.?
Kindcard, Inc. operates in the RETAIL-MISCELLANEOUS SHOPPING GOODS STORES sector, SIC code 5940.
When does Kindcard, Inc.'s fiscal year end?
Kindcard, Inc.'s fiscal year ends on January 31st (0131).
What was Kindcard, Inc. formerly known as?
Kindcard, Inc. was formerly known as MWF GLOBAL INC.
What is the filing date of this 10-Q?
This 10-Q filing was made on September 16, 2024 (20240916).
What is the reporting period for this 10-Q?
The reporting period for this 10-Q is the period ending July 31, 2024 (20240731).
Filing Stats: 4,520 words · 18 min read · ~15 pages · Grade level 14.8 · Accepted 2024-09-16 16:33:12
Key Financial Figures
- $0.078 — June 6, 2023 The shares were issued at $0.078 ($52,650) based on the fair value of th
- $52,650 — 2023 The shares were issued at $0.078 ($52,650) based on the fair value of the award a
- $0.0054 — see note 10). The shares were issued at $0.0054 per share ($53,656) based on the curren
- $53,656 — hares were issued at $0.0054 per share ($53,656) based on the current weighted average
Filing Documents
- kcrd_10q.htm (10-Q) — 479KB
- kcrd_ex311.htm (EX-31.1) — 9KB
- kcrd_ex321.htm (EX-32.1) — 3KB
- 0001477932-24-005748.txt ( ) — 3102KB
- kcrd-20240731.xsd (EX-101.SCH) — 35KB
- kcrd-20240731_lab.xml (EX-101.LAB) — 219KB
- kcrd-20240731_cal.xml (EX-101.CAL) — 38KB
- kcrd-20240731_pre.xml (EX-101.PRE) — 185KB
- kcrd-20240731_def.xml (EX-101.DEF) — 92KB
- kcrd_10q_htm.xml (XML) — 332KB
—FINANCIAL INFORMATION
PART I—FINANCIAL INFORMATION Item 1. Condensed Consolidated Financial Statements. 3 Item 2.
Management's Discussion and Analysis of Financial Condition and Results of Operations
Management's Discussion and Analysis of Financial Condition and Results of Operations. 4 Item 3.
Quantitative and Qualitative Disclosures about Market Risk
Quantitative and Qualitative Disclosures about Market Risk. 7 Item 4.
Controls and Procedures
Controls and Procedures. 7
—OTHER INFORMATION
PART II—OTHER INFORMATION Item 1. Legal Proceedings. 8 Item 1A. Risk Factors. 8 Item 2. Unregistered Sales of Securities and Use of Proceeds. 8 Item 3. Defaults Upon Senior Securities. 8 Item 4. Mining Safety Disclosures. 8 Item 5. Other Information. 8 Item 6. Exhibits. 9 2 Table of Contents
—FINANCIAL INFORMATION
PART I—FINANCIAL INFORMATION
Condensed Consolidated Financial Statements
Item 1. Condensed Consolidated Financial Statements. Kindcard, Inc. and Subsidiaries Condensed Consolidated Financial Statements July 31, 2024 (Unaudited) Table of Contents Condensed Consolidated Balance Sheets as of July 31, 2024 (unaudited) and January 31, 2024 F-1 Condensed Consolidated Statements of Operations for the three and six months ended July 31, 2024 and 2023 (unaudited) F-2 Condensed Consolidated Statements of Stockholders' Deficit for three and six months ended July 31, 2024 and 2023 (unaudited) F-3 Condensed Consolidated Statements of Cash Flows for the six months ended July 31, 2024 and 2023 (unaudited) F-4 Notes to Condensed Consolidated Financial Statements (unaudited) F-5 - F-16 3 Table of Contents Kindcard, Inc. and Subsidiaries Condensed Consolidated Balance Sheets July 31, 2024 January 31, 2024 Assets Current Assets: Cash $ 14,857 $ 9,647 Accounts receivable, net - unbilled 19,231 20,557 Prepaid expenses - 17,550 Total Current Assets 34,088 $ 47,754 Property, plant and equipment, net 4,182 6,127 Intangible Assets, net 82,591 108,725 Total Other Assets 86,773 114,852 Total Assets $ 120,861 $ 162,606 Liabilities and Stockholders' Deficit Current Liabilities Accounts payable $ 292,493 $ 267,435 Accrued interest 30,192 19,358 Accrued payroll and tax expenses 10,309 13,595 Due to related party 394,013 296,498 Notes payable 198,853 198,840 Current portion SBA loan 4,167 8,772 Total Current Liabilities 930,027 804,498 Long-term Liabilities Accrued interest long term portion 8,693 2,380 SBA loan 150,000 150,000 Total Long-term Liabilities 158,693 152,380 Total Liabilities 1,088,720 956,878 Commitments and Contingencies - - Stockholders' Deficit Common Stock Authorized 200,000,000 shares of common stock, $ 0.001 par value, Issued and outstanding 98,170,000 of common stock as of July 31, 2024 (Ja