Kindly MD Files Q1 2024 10-Q
Ticker: NAKAW · Form: 10-Q · Filed: Jun 27, 2024 · CIK: 1946573
| Field | Detail |
|---|---|
| Company | Kindly Md, Inc. (NAKAW) |
| Form Type | 10-Q |
| Filed Date | Jun 27, 2024 |
| Risk Level | low |
| Pages | 15 |
| Reading Time | 18 min |
| Key Dollar Amounts | $0.001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: 10-Q, quarterly-report, financials, health-services
TL;DR
Kindly MD's Q1 2024 10-Q is in. Financials updated.
AI Summary
Kindly MD, Inc. filed its 10-Q for the period ending March 31, 2024. The company, located in Salt Lake City, UT, operates in the health services sector. This filing provides financial updates for the first quarter of 2024, detailing changes in common stock, additional paid-in capital, and retained earnings compared to previous periods.
Why It Matters
This filing provides investors with the latest financial performance and position of Kindly MD, Inc. for the first quarter of 2024, crucial for investment decisions.
Risk Assessment
Risk Level: low — This filing is a routine quarterly report and does not contain immediate, significant negative news.
Key Numbers
- Q1 2024 — Reporting Period (Financials for the first quarter of 2024 are detailed.)
- 2023-12-31 — Previous Year End (Comparative financial data from the end of 2023.)
- 2022-12-31 — Year Prior End (Comparative financial data from the end of 2022.)
Key Players & Entities
- Kindly MD, Inc. (company) — Filer of the 10-Q
- 20240331 (date) — End of reporting period
- 20240627 (date) — Filing date
- Salt Lake City, UT (location) — Company address
FAQ
What is the primary business of Kindly MD, Inc.?
Kindly MD, Inc. operates in the SERVICES-HEALTH SERVICES sector, as indicated by its SIC code 8000.
When was this 10-Q filing submitted to the SEC?
This 10-Q filing was submitted on June 27, 2024.
What period does this 10-Q report cover?
This 10-Q report covers the period ending March 31, 2024.
Where is Kindly MD, Inc. headquartered?
Kindly MD, Inc. is headquartered in Salt Lake City, UT.
What are the key financial statement components mentioned in the filing data?
The filing data mentions Common Stock, Additional Paid-In Capital, and Retained Earnings for various reporting periods.
Filing Stats: 4,513 words · 18 min read · ~15 pages · Grade level 17.7 · Accepted 2024-06-27 17:00:41
Key Financial Figures
- $0.001 — ch Registered Common Stock, par value $0.001 per share KDLY The Nasdaq Stock Mar
Filing Documents
- form10-q.htm (10-Q) — 650KB
- ex31-1.htm (EX-31.1) — 18KB
- ex31-2.htm (EX-31.2) — 18KB
- ex32-1.htm (EX-32.1) — 8KB
- ex32-2.htm (EX-32.2) — 8KB
- 0001493152-24-025464.txt ( ) — 3177KB
- kdly-20240331.xsd (EX-101.SCH) — 24KB
- kdly-20240331_cal.xml (EX-101.CAL) — 46KB
- kdly-20240331_def.xml (EX-101.DEF) — 103KB
- kdly-20240331_lab.xml (EX-101.LAB) — 212KB
- kdly-20240331_pre.xml (EX-101.PRE) — 171KB
- form10-q_htm.xml (XML) — 335KB
Financial Statements
Item 1 Financial Statements 3
Management's Discussion
Item 2 Management's Discussion and Analysis of Financial Condition and Results of Operations 12
Quantitative and Qualitative
Item 3 Quantitative and Qualitative Disclosures about Market Risk 17
Controls and Procedures
Item 4 Controls and Procedures 17 Part II – Other Information
Legal Proceedings
Item 1 Legal Proceedings 18
Unregistered Sales of Equity
Item 2 Unregistered Sales of Equity Securities and Use of Proceeds 18
Defaults Upon Senior Securities
Item 3 Defaults Upon Senior Securities 20
Mine Safety Disclosures
Item 4 Mine Safety Disclosures 20
Other Information
Item 5 Other Information 20
Exhibits
Item 6 Exhibits 21 2 PART I. FINANCIAL INFORMATION ITEM 1. FINANCIAL STATEMENTS KINDLY MD, INC. UNAUDITED CONDENSED FINANCIAL STATEMENTS Page Condensed Balance Sheets as of March 31, 2024 (Unaudited) and December 31, 2023 4 Condensed 5 Condensed 6 Condensed 7 Notes to Condensed Financial Statements (Unaudited) 8 3 KINDLY MD, INC. CONDENSED BALANCE SHEETS March 31, 2024 December 31, 2023 (Unaudited) ASSETS Current Assets Cash and cash equivalents $ 287,383 $ 525,500 Accounts receivable 7,554 28,001 Inventory, net 55,872 63,202 Prepaid expenses and other current assets 5,210 225 Total Current Assets 356,019 616,928 Property and equipment, net 221,573 235,292 Operating lease right-of-use assets 210,447 235,706 Security deposits 11,276 11,276 TOTAL ASSETS $ 799,315 $ 1,099,202 LIABILITIES AND STOCKHOLDERS' DEFICIT Current Liabilities Accounts payable and accrued expenses $ 297,728 $ 329,810 Customer deposits 3,044 3,425 Current portion of operating lease liabilities 88,702 94,696 Current portion of notes payable, net 195,964 148,517 Derivative liability 276,000 238,000 Total Current Liabilities 861,438 814,448 Operating lease liabilities, net of current portion 143,713 164,295 Notes payable, net of current portion 177,286 228,871 TOTAL LIABILITIES 1,182,437 1,207,614 Stockholders' Deficit Preferred Stock, $ 0.001 par value, 10,000,000 shares authorized; none issued and outstanding as of March 31, 2024 and December 31, 2023 - - Common stock, $ 0.001 par value, 100,000,000 shares authorized; 4,617,798 shares issued and outstanding as of March 31, 2024 and Decembe