Kindcard, Inc. Files Q3 2024 10-Q
Ticker: KCRD · Form: 10-Q · Filed: Dec 17, 2024 · CIK: 1696025
| Field | Detail |
|---|---|
| Company | Kindcard, INC. (KCRD) |
| Form Type | 10-Q |
| Filed Date | Dec 17, 2024 |
| Risk Level | low |
| Pages | 15 |
| Reading Time | 18 min |
| Key Dollar Amounts | $0.078, $52,650, $0.0054, $53,656 |
| Sentiment | neutral |
Sentiment: neutral
Topics: 10-Q, retail, financials
TL;DR
Kindcard filed its 10-Q for Q3 2024. Check financials.
AI Summary
Kindcard, Inc. filed its 10-Q for the period ending October 31, 2024. The company, formerly known as MWF Global Inc., is incorporated in Nevada and operates in the retail sector. Its fiscal year ends on January 31st. The filing was made on December 17, 2024.
Why It Matters
This filing provides investors with an update on Kindcard, Inc.'s financial performance and operational status for the third quarter of fiscal year 2025.
Risk Assessment
Risk Level: low — This is a standard quarterly filing with no immediate red flags or significant new information presented.
Key Numbers
- 200000000 — Total Assets (estimated) (This is a placeholder value and not explicitly stated as total assets for the period.)
- 98170000 — Total Liabilities (estimated) (This is a placeholder value and not explicitly stated as total liabilities for the period.)
Key Players & Entities
- Kindcard, Inc. (company) — Filer
- MWF Global Inc. (company) — Former company name
- 20241031 (date) — Period of report
- 20241217 (date) — Filing date
- 0131 (date) — Fiscal year end
- Nicholas Cardoso (person) — Member
FAQ
What is Kindcard, Inc.'s primary business activity?
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 the previous name of Kindcard, Inc.?
The former name of Kindcard, Inc. was MWF Global Inc., with a name change effective January 26, 2017.
On what date was this 10-Q filing submitted?
This 10-Q filing was submitted on December 17, 2024.
What is the reporting period for this 10-Q filing?
The conformed period of report for this 10-Q filing is October 31, 2024.
Filing Stats: 4,546 words · 18 min read · ~15 pages · Grade level 14.8 · Accepted 2024-12-17 17:00:18
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) — 480KB
- kcrd_ex311.htm (EX-31.1) — 10KB
- kcrd_ex321.htm (EX-32.1) — 3KB
- 0001477932-24-008152.txt ( ) — 2900KB
- kcrd-20241031.xsd (EX-101.SCH) — 32KB
- kcrd-20241031_lab.xml (EX-101.LAB) — 202KB
- kcrd-20241031_cal.xml (EX-101.CAL) — 36KB
- kcrd-20241031_pre.xml (EX-101.PRE) — 171KB
- kcrd-20241031_def.xml (EX-101.DEF) — 88KB
- kcrd_10q_htm.xml (XML) — 311KB
—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 October 31, 2024 (Unaudited) Table of Contents Condensed Consolidated Balance Sheets as of October 31, 2024 (unaudited) and January 31, 2024 F-1 Condensed Consolidated Statements of Operations for the three and nine months ended October 31, 2024 and 2023 (unaudited) F-2 Condensed Consolidated Statements of Stockholders' Deficit for three and nine months ended October 31, 2024 and 2023 (unaudited) F-3 Condensed Consolidated Statements of Cash Flows for the nine months ended October 31, 2024 and 2023 (unaudited) F-4 Notes to Condensed Consolidated Financial Statements (unaudited) F-5 - F-14 3 Table of Contents Kindcard, Inc. and Subsidiaries Condensed Consolidated Balance Sheets (Unaudited) October 31, 2024 January 31, 2024 Assets Current Assets: Cash $ 14,067 $ 9,647 Accounts receivable, net - unbilled 18,554 20,557 Prepaid expenses - 17,550 Total Current Assets 32,621 47,754 Property, plant and equipment, net 3,209 6,127 Intangible Assets, net 61,277 108,725 Total Other Assets 64,486 114,852 Total Assets $ 97,107 $ 162,606 Liabilities and Stockholders' Deficit Current Liabilities Accounts payable 272,078 267,435 Accrued interest 36,363 19,358 Accrued payroll and tax expenses 9,852 13,595 Due to related party 391,434 296,498 Notes payable 198,768 198,840 Current portion SBA loan 6,360 8,772 Total Current Liabilities 914,855 804,498 Long-term Liabilities Accrued interest long term portion 7,699 2,380 SBA loan 150,000 150,000 Total Long-term Liabilities 157,699 152,380 Total Liabilities 1,072,554 956,878 Commitments and Contingencies (Note 9) - - Stockholders' Deficit Common Stock Authorized 200,000,000 shares of common stock, $ 0.001 par value, Issued and outstanding 98,170,000 of