UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

☒	QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended ~~October~~April 3130, ~~2025~~ 2026

Commission File Number 000-56003

KINDCARD, INC.

(Exact name of registrant as specified in its charter)

Nevada

81-4520116

(State or other jurisdiction of

incorporation or organization)

(I.R.S. Employer

Identification No.)

1001 Yamato Road, #100, Boca Raton, Florida, 33431

(Address of principal executive offices) (Zip Code)

(888) 888-0708

(Registrant’s telephone number, including area code)

Securities registered pursuant to Section 12(b) of the Act:

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. ☒ Yes ☐ No

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). ☒ Yes ☐ No

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer”, “smaller reporting company” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer ☐ Accelerated filer ☐ Non-accelerated Filer ☐☒ Smaller reporting company ☒ Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). ☐ Yes ☒ No

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading Symbol(s)

Name of each exchange on which

registered

None

N/A

As of ~~December~~June 1917, ~~2025,~~2026 there were 103,~~330~~580,799 shares of common stock issued and outstanding.

TABLE OF CONTENTS

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.	4

Item 3.	Quantitative and Qualitative Disclosures about Market Risk.	6

Item 4.	Controls and Procedures.	6

PART II—OTHER INFORMATION

Item 1.	Legal Proceedings.	7

Item 1A.	Risk Factors.	7

Item 2.	Unregistered Sales of Securities and Use of Proceeds.	7

Item 3.	Defaults Upon Senior Securities.	7

Item 4.	Mining Safety Disclosures.	7

Item 5.	Other Information.	7

Item 6.	Exhibits.	8

Table of Contents

PART I—FINANCIAL INFORMATION

Item 1. Condensed Consolidated Financial Statements.

Kindcard, Inc. and Subsidiaries

Condensed Consolidated Financial Statements

~~October~~April 3130, ~~2025~~2026

(Unaudited)

Table of Contents

Condensed Consolidated Balance Sheets as of October 31, 2025 (unaudited) and January 31, 2025		F-1
Condensed Consolidated Balance Sheets as of April 30, 2026 (unaudited) and January 31, 2026		F-1
Condensed Consolidated Statements of Operations for the three and nine months ended October 31, 2025 and 2024 (unaudited)		F-2
Condensed Consolidated Statements of Operations for the three months ended April 30, 2026 and 2025 (unaudited)		F-2
Condensed Consolidated Statements of Stockholders’ Deficit for three and nine months ended October 31, 2025 and 2024 (unaudited)		F-3
Condensed Consolidated Statements of Stockholders’ Deficit for three months ended April 30, 2026 and 2025 (unaudited)		F-3
Condensed Consolidated Statements of Cash Flows for the nine months ended October 31, 2025 and 2024 (unaudited)		F-4
Condensed Consolidated Statements of Cash Flows for the three months ended April 30, 2026 and 2025 (unaudited)		F-4
Notes to Condensed Consolidated Financial Statements (unaudited)		F-5 - F-1312

Table of Contents

Kindcard, Inc. and Subsidiaries

Condensed Consolidated Balance Sheets

	October 31,2025			January 31,2025
	April 30,2026			January 31,2026
Assets
Current Assets:
Cash	$	9,~~698~~140		$	9,~~089~~160
Accounts receivable, net - unbilled		2043,~~245~~818			1732,~~728~~526
Unbilled Revenue, net		3,554			17,000
Total Current Assets		52,958			41,686
Total Current Assets		33,497			43,817
Intangible Assets, net		7,190			9,727
Property, plant and equipment, net		355			2,237
Total Other Assets		7,190			9,727
Intangible Assets, net		13,194			39,964
Total Assets	$	60,148		$	51,413
Total Other Assets		13,549			42,201
Total Assets	$	47,046		$	86,018
Liabilities and Stockholders’ Deficit
Current Liabilities
Accounts payable	$	~~330~~395,~~261~~289		$	~~293~~355,~~900~~244
Accrued interest		6180,~~334~~141			3870,~~333~~585
Accrued interest due to related party		7,686			4,963
Accrued payroll and tax expenses		6,504			6,874
Accrued payroll and tax expenses		10,335			11,536
Accrued interest due to related party		8,401			7,923
Due to related party		~~318~~177,~~900~~004			~~396~~177,~~875~~004
Notes payable		~~347~~406,~~960~~351			~~221~~384,~~646~~817
Current portion SBA loan interest		76,~~310~~579			58,~~921~~407
Total Current Liabilities		1,~~083~~080,~~786~~269			~~973~~1,~~174~~010,854
Long-term Liabilities
Accrued interest long term portion		910,~~158~~486			98,~~337~~748
SBA loan		150,~~000~~020			150,~~000~~020
Total Long-term Liabilities		~~159~~160,~~158~~506			~~159~~158,~~337~~768
Total Liabilities		1,~~242~~240,~~944~~775			1,~~132~~169,~~511~~622
Commitments and Contingencies - See Note 9		-			-
Commitments and Contingencies - See Note 7		-			-
Stockholders’ Deficit
Common Stock
Authorized 200,000,000 shares of common stock, $0.001 par value, Issued and outstanding 103,330,799 shares of common stock as of October 31, 2025 (January 31, 2025 –98,170,000)		103,331			98,170
Authorized 200,000,000 shares of common stock, $0.001 par value, Issued and outstanding 103,580,799 shares of common stock as of April 30, 2026 (January 31, 2026 –103,580,799)		103,581			103,581
Additional Paid In Capital		~~401~~410,~~330~~780			~~277~~410,~~471~~780
Accumulated Deficit		(1,~~700~~694,~~559~~988	)		(1,~~422~~632,~~134~~570	)
Total Stockholders’ Deficit		(1,~~195~~180,~~898~~627	)		(1,~~046~~118,~~493~~209	)
Total Liabilities and Stockholders’ Deficit	$	4760,~~046~~148		$	8651,~~018~~413

The accompanying notes are an integral part of these condensed consolidated financial statements

F-1

Table of Contents

Kindcard, Inc. and Subsidiaries

Condensed Consolidated Statements of Operations

(Unaudited)

	For the three months endedOctober 31,						For the nine months endedOctober 31,
	For the three months endedApril, 30
	2025			2024			2025			2024
	2026			2025
Revenue	$	9774,~~711~~175		$	~~139~~85,~~366~~591		$	~~274,232~~		$	~~301,159~~
Other Revenue		-			-			-			5,000
Total Revenue		74,175			85,591
Total Revenue		97,711			139,366			274,232			306,159
Cost of Sales		(18,318	)		(19,772	)
Cost of Sales		33,873			25,262			72,573			65,596
Total Cost of Sales		(18,318	)		(19,772	)
Total Cost of Sales		33,873			25,262			72,573			65,596
Gross Profit		55,857			65,819
Gross Profit		63,838			114,104			201,659			240,563
Operating Expenses
Operating Expenses
General & Administrative Expenses		115,738			104,417
General and Administrative Expenses		106,883			101,327			456,529			361,912
Depreciation & Amortization		2,537			16,466
Depreciation and Amortization		1,836			20,365			23,555			59,826
Total Operating Expenses		118,275			120,883
Total Operating Expenses		108,719			121,692			480,084			(421,738	)
Net Loss	$	(62,418	)	$	(55,064	)
Net Loss		(44,881	)		(7,588	)		(278,425	)		(181,175	)
Net Loss Per Common Share – Basic and Diluted	$	-		$	-
Net Income Per Common Share – Basic and Diluted	$	-		$	-			-		$	-
Weighted Average Number of Common Shares Outstanding – Basic and Diluted		103,580,799			98,170,000
Weighted Average Number of Common Shares Outstanding
Basic and Diluted		101,984,504			98,170,000			100,740,947			98,170,000

The accompanying notes are an integral part of these unaudited condensed consolidated financial statements

F-2

Table of Contents

Kindcard, Inc. and Subsidiaries

Condensed Consolidated Statements of Stockholders'’ Deficit

For the three ~~and nine~~ months ended ~~October~~April 3130, ~~2025~~2026

(Unaudited)

	Common Stock				Additional
	Number ofShares		Amount		Paid-inCapital		AccumulatedDeficit			Total
Balance, January 31, 2025		98,170,000	$	98,170	$	277,471	$	(1,422,134	)	$	(1,046,493	)
Balance, January 31, 2026		103,580,799	$	103,581	$	410,780	$	(1,632,570	)	$	(1,118,209	)
Net loss for period ended April 30, 2025		-		-		-		(55,064	)		(55,064	)
Net loss for period ended April 30, 2026				-		-		(62,418	)		(62,418	)
Balance, April 30, 2025		98,170,000	$	98,170	$	277,471	$	(1,477,198	)	$	(1,101,557	)
Balance, April 30, 2026		103,580,799	$	103,581	$	410,780	$	(1,694,988	)	$	(1,180,627	)
Shares issued for services		5,160,799		5,161		123,859		-			129,020
Net loss for period ended July 31, 2025		-		-		-		(178,480	)		(178,480	)
Balance, July 31, 2025		103,330,799	$	103,331	$	401,330	$	(1,655,678	)	$	(1,151,017	)
Net loss for period ended October 31, 2025		-		-		-		(44,881	)		(44,881	)
Balance, October 31,2025		103,330,799	$	103,331	$	401,330	$	(1,700,559	)	$	(1,195,898	)

For the three ~~and nine~~ months ended ~~October~~April 3130, ~~2024~~2025

(Unaudited)

	Common Stock				Additional
	Number ofShares		Amount		Paid-inCapital		AccumulatedDeficit			Total
Balance, January 31, 2024		98,170,000	$	98,170	$	277,471	$	(1,169,913	)	$	(794,272	)
Balance, January 31, 2025		98,170,000	$	98,170	$	277,471	$	(1,422,134	)	$	(1,046,493	)
Net loss for period ended April 30, 2024		-		-		-		(89,532	)		(89,532	)
Net loss for period ended April 30, 2025				-		-		(55,064	)		(55,064	)
Balance, April 30, 2024		98,170,000	$	98,170	$	277,471	$	(1,259,445	)	$	(883,804	)
Balance, April 30, 2025		98,170,000	$	98,170	$	277,471	$	(1,477,198	)	$	(1,101,557	)
Net loss for period ended July 31, 2024		-		-		-		(84,055	)		(84,055	)
Balance, July 31, 2024		98,170,000	$	98,170	$	277,471	$	(1,343,500	)	$	(967,859	)
Net income for period ended October 31, 2024		-		-		-		(7,588	)		(7,588	)
Balance, October 31, 2024		98,170,000	$	98,170	$	277,471	$	(1,351,088	)	$	(975,447	)

The accompanying notes are an integral part of these unaudited condensed consolidated financial statements

F-3

Table of Contents

Kindcard, Inc.

Condensed Consolidated Statements of Cash Flows

(Unaudited)

	For the nine months ended
	For the three months ended
	October 31,			October 31,
	April 30,			April 30,
	2025			2024
	2026			2025
Cash Flows from Operating Activities:
Net loss	$	(~~278~~62,~~425~~418	)	$	(~~181~~55,~~175~~064	)
Adjustments to reconcile net loss to net Cash used by operations
Shares issued for services		129,020			-
Bad debt expense		229			537
Depreciation and amortization - cost of goods sold		~~5,098~~-			51,~~765~~988
Depreciation and amortization - operations		232,~~554~~537			5916,~~826~~466
Decrease (increase) in operating assets/liabilities
Accounts receivable, net - unbilled		(2,517	)		2,003
Accounts receivable		(11,521	)		(16,205	)
Unbilled revenue		13,446			-
Accounts payable		40,045			16,783
Prepaid expenses		-			17,550
Accrued expenses		9,574			(1,314	)
Accounts payable		36,361			4,643
Total Adjustments		40,864			18,255
Accrued expenses		25,733			(836	)
Net cash (used in) provided by operating activities		(21,554	)		(36,809	)
Total Adjustments		230,695			88,951
Net cash (used in) provided by operating activities		(47,730	)		(92,224	)
Cash flows from investing activities
Costs Incurred to develop intellectual property		-			(15,225	)
Net cash used in investing activities		-			(15,225	)
Cash flows from financing activities
Proceeds from (and repayments of) related party loan		(77,975	)		98,506
Proceeds from and repayments of related party loan		-			(15,222	)
Proceeds from notes payable, net		126,314			13,363
Proceeds from notes payable		36,825			55,697
Net cash provided by financing activities		48,339			111,869
Repayment of notes payable		(15,291	)		(2,743	)
Net cash (decrease) increase for the period		609			4,420
Net cash provided by financing activities		21,534			37,732
Cash at beginning of period		9,089			9,647
Net cash (decrease) increase for the period		(20	)		923
Cash at end of period	$	9,698		$	14,067
Cash at beginning of period		9,160			9,089
Cash at end of period	$	9,140		$	10,012

The accompanying notes are an integral part of these unaudited condensed consolidated financial statements

F-4

Table of Contents

Kindcard, Inc. and Subsidiaries

Condensed Notes to Consolidated Financial Statements (unaudited)

~~October~~April 3130, ~~2025~~2026

NOTE 1 – NATURE OF OPERATIONS AND BASIS OF PRESENTATION

KindCard, Inc. (f/k/a MWF Global Inc.) (the “Company”) was incorporated in the State of Nevada on November 18, 2016, and established a fiscal year end of January 31. On June 7, 2021, the Company entered into a Stock Purchase Agreement (the “Purchase Agreement”) with Kindcard, Inc., a Massachusetts corporation (“KindCard MA”) and Croesus Holdings Corp, a Massachusetts corporation (“Croesus” and together with Kindcard MA, the “Seller”), pursuant to which the Company acquired (i) all of the intellectual property and operational assets (collectively, the “Assets”) of the Tendercard Division of Croesus. On July 9, 2021, the Company filed a Certificate of Amendment to Articles of Incorporation (the “Certificate”) with the State of Nevada to effectuate a name change (the “Name Change”). As a result of the Name Change, the Company’s name changed from “MWF Global Inc.” to “Kindcard, Inc.”. On August 26, 2021, Tendercard, Inc., a wholly owned subsidiary of the Company, was incorporated by the Company in the State of Nevada. On January 14, 2022, Deb, Inc., a wholly owned subsidiary of the Company, was incorporated by the Company in the State of Nevada. Our symbol on OTC Markets is KCRD, CUSIP number is 49452K105.

The Company, through its wholly owned operating subsidiaries, Deb, Inc. and Tendercard, Inc., is an innovative FinTech and PayTech company which provides alternative Closed-Loop payment solutions to consumers and businesses across a wide variety of verticals ~~domestically and internationally via strategic technology partnerships~~. The Company believes that mobile wallet technology will ultimately grow to become the preferred method for merchants and consumers to transact at the point of sale, and it is our goal to capture significant market share from the mobile wallet segment through our proprietary consumer app and merchant services platform, “Pay with Deb”. ~~Any~~All funds processed through the “Pay with Deb” platform will be held in a specified trust account and recorded as a liability, all service fees related to the processing of transactions will be recognized as earned when performance obligations have been met as per ASC 606.

Going concern

These financial statements have been prepared assuming the Company will be able to continue as a going concern. To date, the Company has generated revenues from its business operations and has incurred accumulated operating losses of $1,~~700~~694,~~559~~988. At ~~October~~April 3130, ~~2025~~2026, the Company has a working capital deficit of $1,~~050~~027,~~289~~311 and a net loss of $~~278~~62,~~425~~418 for the period ended ~~October~~April 3130, ~~2025~~2026. The Company will require additional funding to meet its ongoing obligations and to fund anticipated operating losses. The ability of the Company to continue as a going concern is dependent on raising capital to fund its business plan and ultimately to attain profitable operations. Accordingly, these factors raise substantial doubt as to the Company’s ability to continue as a going concern from a period of one year from the issuance of these financial statements. The Company intends to continue to fund its business by way of private placements and advances from related parties as may be required. As of ~~October~~April 3130, ~~2025~~2026, the Company has 103,~~330~~580,799 shares of common stock issued and outstanding. These consolidated financial statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts or amounts and classification of liabilities that might result from this uncertainty.

Basis of Presentation

The condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“US GAAP”) and the rules and regulations of the SEC. The condensed consolidated balance sheet as of January 31, 2026 has been derived from the audited consolidated financial statements as of that date. The accompanying unaudited condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto included in the Company’s Annual Report on Form 10-K for the year ended January 31, 2026.

Consolidation Policy

The accompanying condensed consolidated financial statements include the accounts of Kindcard, Inc. and its wholly owned subsidiaries, Deb, Inc. and Tendercard, Inc. All inter-company balances and transactions have been eliminated in consolidation.

F-5

Table of Contents

Kindcard, Inc. and Subsidiaries

Condensed Notes to Consolidated Financial Statements (unaudited)

~~October~~April 3130, ~~2025~~2026

Use of Estimates and Assumptions

Preparation of the financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect certain reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the period. Accordingly, actual results could differ from those estimates. These estimates include allowance of doubtful accounts, impairment of long-lived assets, valuation of stock-based compensation and fees. Accordingly, actual results and outcomes could differ from those estimates.

Cash and Cash Equivalents

For purposes of the statement of cash flows, the Company considers highly liquid financial instruments purchased with a maturity of three months or less to be cash equivalents.

Accounts Receivable ~~- unbilled~~

We estimate credit loss reserves for accounts receivable on an individual receivable basis. A specific allowance is established based on expected future cash flows and the financial condition of the debtor. We charge off customer balances in part or in full when it is more likely than not that we will not collect that amount of the balance due. We consider any balance unpaid after the contract payment period to be past due.

Property and Equipment

Property and equipment are stated at cost less accumulated depreciation and amortization. Depreciation of property and equipment is calculated using the straight-line method over the estimated useful life of the asset generally ranging from three to seven years.

Impairment of Long-Lived Assets

In accordance with ASC Topic 360, “Property, Plant, and Equipment” the Company reviews the carrying value of long-lived assets for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. An impairment loss is determined regarding a long-lived asset if its carrying amount is not recoverable and exceeds its fair value. The carrying amount is not recoverable when it exceeds the sum of the undiscounted cash flows expected to result from use of the asset over its remaining useful life and final disposition. The Company did not record any impairments during the periods ended ~~October~~April 3130, ~~2025~~2026 and ~~October~~April 3130, ~~2024~~2025.

Intangible assets

Intangible assets are comprised of customer relationships and brands acquired in a business combination. The Company amortizes intangible assets with a definitive life over their respective useful lives. Assets with indefinite lives are tested for impairment on an annual basis, or more frequently if the Company believes indicators of impairment exist. We utilize both qualitative and quantitative aspects to evaluate the impairment of our intangible assets. The Company measured the fair value of these indefinite-lived intangible assets using a replacement cost method. The fair value was estimated by projections to determine the present value of future cash flows that the asset is expected to generate over its lifetime. Our projections used in the valuation included assumptions regarding future growth rates of sales, which are based on various long-range financial and operational plans. We believe our evaluations are consistent with those a market participant would utilize.

F-6

Table of Contents

Kindcard, Inc. and Subsidiaries

Condensed Notes to Consolidated Financial Statements (unaudited)

~~October~~April 3130, ~~2025~~2026

Revenue Recognition

The Company follows ASC 606, Revenue from Contracts with Customers (Topic 606). This standard provides a single model for revenue arising from contracts with customers and supersedes current revenue recognition guidance. The core principle of the guidance is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services.

Revenue is recognized when all of the following criteria are met:

(i) Identification of the contract, or contracts, with a customer (ii) Identification of the performance obligations in the contract (iii) Determination of the transaction price (iv) Allocation of the transaction price to the performance obligations in the contract (v) Recognition of revenue when, or as, we satisfy performance obligation

The Company currently offers the following products and services:

Cash Pickup –Deb, Inc., our wholly owned subsidiary, provides cash pick up services for the retail and wholesale merchants the within the North American retail market through a strategic partnership agreement, per the agreement Deb, Inc.’s partner is responsible for all aspects of the cash pickup service performance obligations. Once performance obligations have been met by the partner Deb, Inc. receives commission revenues in the following month which are recorded as earned over the life of these multiyear contracts.

Deb Commission Revenue - Deb, Inc., our wholly owned subsidiary, earns commission revenue related to a referral agreement executed in the period ended October 31, 2025.

Tendercard Program –Tendercard, Inc., our wholly owned subsidiary, provides a stored value point of sale gift card processing solution to small and mid-sized businesses within the North American retail market. The Company’s proprietary host-based program provides real time data and accurate records of all activity related to the gift card processing account and the related monthly reporting. Fixed monthly service fee revenues are recorded monthly. Fixed annual service fee revenues are collected in arrears and recorded as accrued revenue.

	For the nine months ended October 31,
	For the three months ended April 30,
	2025		2024
	2026		2025
Cash Pickup Commission Revenue	$	~~1,155~~-	$	~~25,574~~750
Deb Commission Revenue	$	~~6,250~~-	$	-
Tendercard Program Revenue	$	~~266~~74,~~827~~175	$	~~275~~84,~~585~~841
Other Revenue	$	-	$	5,000
Total Program Revenue	$	74,175	$	85,591
Total Program Revenue	$	274,232	$	306,159

F-7

Table of Contents

Kindcard, Inc. and Subsidiaries

Condensed Notes to Consolidated Financial Statements (unaudited)

~~October~~April 3130, ~~2025~~2026

Fair Value of Financial Instruments

The Company measures its financial and non-financial assets and liabilities, as well as makes related disclosures, in accordance with FASB Accounting Standards Codification No. 820, Fair Value Measurement (“ASC 820”), which provides guidance with respect to valuation techniques to be utilized in the determination of fair value of assets and liabilities. Approaches include, (i) the market approach (comparable market prices), (ii) the income approach (present value of future income or cash flow), and (iii) the cost approach (cost to replace the service capacity of an asset or replacement cost). ASC 820 utilizes a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value into three broad levels. The following is a brief description of those three levels:

Level 1: Observable inputs such as quoted prices (unadjusted) in active markets for identical assets or liabilities.

Level 2: Inputs other than quoted prices that are observable, either directly or indirectly. These include quoted prices for similar assets or liabilities in active markets and quoted prices for identical or similar assets or liabilities in markets that are not active.

Level 3: Unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions, such as valuations derived from valuation techniques in which one more significant inputs or significant value drivers are unobservable.

Loss per Common Share

The basic loss per share is calculated by dividing the Company’s net loss available to common shareholders by the weighted average number of common shares during the year. The diluted loss per share is calculated by dividing the Company’s net loss available to common shareholders by the diluted weighted average number of shares outstanding during the year. The diluted weighted average number of shares outstanding is the basic weighted number of shares adjusted for any potentially dilutive debt or equity. Diluted loss per share is the same as basic loss per share due to the lack of dilutive instruments in the Company. There are no common stock equivalents at ~~October~~April 3130, ~~2025~~2026 or ~~October~~April 3130, ~~2024~~2025.

Income Taxes

The Company follows the liability method of accounting for income taxes. Under this method, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax balances and tax loss carry-forwards. Deferred tax assets and liabilities are measured using enacted or substantially enacted tax rates expected to apply to the taxable income in the years in which those differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the date of enactment or substantive enactment.

~~Reclassification~~Recent ofAccounting ~~Prior Year Presentation~~Pronouncements

~~Certain~~The ~~prior~~Company ~~year~~has ~~amounts~~implemented ~~have~~all ~~been~~new ~~reclassified~~accounting ~~for~~pronouncements ~~consistency~~that ~~with~~are ~~the~~in ~~current year presentation. These reclassifications had no~~ effect onand ~~the~~that ~~reported~~may ~~results~~impact ofits ~~operations.~~financial Anstatements ~~adjustment~~and ~~has~~does ~~been~~not ~~made~~believe tothat ~~the~~there ~~Consolidated~~are ~~Statements~~any ofother ~~Cash~~new ~~Flows~~accounting ~~for~~pronouncements ~~fiscal~~that ~~year~~have ~~ended~~been ~~January~~issued ~~31,~~that ~~2025,~~might tohave ~~reclassify~~a ~~Depreciation~~material ~~and~~impact ~~Amortization~~on ~~and~~its ~~Depreciation~~financial ~~and~~position ~~amortization~~or -results ~~cost~~ of ~~goods sold~~operations.

NOTE 2 – ACCOUNTS RECEIVABLE, Net - unbilled

F-8

Table of Contents

Kindcard, Inc. and Subsidiaries

Condensed Notes to Consolidated Financial Statements (unaudited)

~~October~~April 3130, ~~2025~~2026

NOTE 2 – ACCOUNTS RECEIVABLE~~, Net – unbilled (continued)~~

~~Fees~~We ~~are~~estimate ~~collected~~credit inloss ~~arrears~~reserves ~~resulting~~for in accounts receivable, ~~net~~on –an ~~unbilled~~individual ~~and~~receivable ~~are~~basis. ~~recorded~~A asspecific ~~accrued~~allowance ~~revenue~~is atestablished based on expected future cash flows and the ~~end~~financial condition of ~~each~~the ~~month~~debtor. ~~There~~We ~~are~~charge ~~$20,245~~off ~~and~~customer ~~$17,728~~balances in ~~accounts~~part ~~receivable~~or ~~net~~in full when it is more likely than not that we will not collect that amount of ~~$594~~the ~~and~~balance ~~$179~~due. ~~allowances~~We atconsider ~~October~~any ~~31,~~balance ~~2025~~unpaid ~~and~~after ~~January~~the ~~31,~~contract ~~2025,~~payment ~~respectively~~period to be past due.

~~NOTE~~Fees 3are collected in arrears resulting in accounts receivable, net – ~~UNBILLED~~unbilled ~~RECEIVABLES~~and are recorded as accrued revenue at the end of each month. There are $43,818 and $32,526 in accounts receivable net of $1,116 and $887 allowances at April 30, 2026 and January 31, 2026, respectively.

~~Unbilled~~NOTE receivables, net represents the balance of recoverable costs comprised of revenue recognized on contracts for which billings have not been presented to the customer because the amounts were earned but not contractually billable at the balance sheet date. These amounts include expected annual contract fees and have been accrued over the twelve month period based on prior year receipts. There are $3~~,554~~ ~~and~~– ~~$17,000~~INTANGIBLE ~~unbilled receivables at October 31, 2025 and January 31, 2025, respectively. Please note that certain balances were reclassified for presentation and for consistency.~~ASSETS

NOTE 4 – PROPERTY AND EQUIPMENT, Net

Property and equipment, net consists of the following at:

	October 31,			January 31,
	2025			2025
Merchandise and equipment: Vault	$	10,000		$	10,000
Merchandise and equipment: Office Equipment		4,286			4,286
Merchandise and equipment: IT Equipment		4,945			4,945
Total Cost	$	19,231		$	19,231
Less: accumulated depreciation		(18,876	)		(16,994	)
Property and equipment, net	$	355		$	2,237

Depreciation expense amounted to $1,855 and $3,890 with $1,427 and $2,241 reclassified as cost of goods sold at October 31, 2025, and January 31, 2025, respectively.

NOTE 5 – INTANGIBLE ASSETS

Intangible assets

Intangible assets are comprised of customer relationships and brands acquired in a business combination specifically related to the Company’s Tendercard division (see Note 21) and also comprised of development costs for its proprietary payment processing “DEB Platform” through the Company’s wholly owned subsidiary, Deb, Inc. The Company amortizes intangible assets with a definitive life over their respective useful lives of 3-5 years. Assets with indefinite lives are tested for impairment on an annual basis, or more frequently if the Company believes indicators of impairment exist. The Company did not note any impairment at ~~October~~April 3130, ~~2025~~2026 and January 31, ~~2025~~2026, respectively.

On December 21, 2021 the Company entered into a contract to develop its proprietary payment processing DEB Platform, testing was completed in 2025 and the Company Deb is currently working with Blox (blox.global) and Viacarte (viacarte.com) under its strategic partnership to integrate their platforms allowing Deb to add technology that allows Deb to offer payments worldwide B2B, B2C, C2B and Peer to Peer. The platform is amortized over 5 years.

The following is the future estimated amortization expense related to intangible assets as of April 30, 2026:

	April 30,			January 31,
	2026			2026
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		(253,345	)		(250,808	)
Definite-lived intangible assets, net	$	7,190		$	9,727

The following is the future estimated amortization expense related to intangible assets as of April 30, 2026:

Year ending January 31,
2027 -		5,921
2028 -		1,269
Total -	$	7,190

F-9

Table of Contents

Kindcard, Inc. and Subsidiaries

Condensed Notes to Consolidated Financial Statements (unaudited)

~~October~~April 3130, ~~2025~~2026

NOTE 5 4 – ~~INTANGIBLE~~CURRENT ~~ASSETS (continued)~~LIABILITIES

On December 21, 2021 the Company entered into a contract to develop its proprietary payment processing DEB Platform. The platform is currently in the initial stages of production and testing and is depreciated over 3 - 5 years.

	October 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		(247,341	)		(220,571	)
Definite-lived intangible assets, net	$	13,194		$	39,964

The following is the future estimated amortization expense related to intangible assets as of October 31, 2025:

Year ending January 31,
2026 -	$	3,467
2027 -		8,458
2028 -		1,269
Total -	$	13,194

NOTE 6 – CURRENT LIABILITIES

Accounts Payable

Accounts Payable is comprised of trade payables of $~~330~~395,~~261~~289 and $~~293~~355,~~900~~244 at ~~October~~April 3130, ~~2025~~2026 and January 31, ~~2025~~2026, respectively.

Accrued Payroll & Tax Expenses

Balance consists of Accrued Salaries & Wages $6,042 and $6,~~423,~~042 and Accrued ~~Taxes~~Payroll ofTax $~~4,293~~462 and $~~5,113~~832 at ~~October~~April 3130, ~~2025~~2026 and January 31, ~~2025~~2026 respectively.

Accrued Interest

Balance consists of accrued interest notes payable of $6180,~~334~~141 and $3870,~~333~~585, accrued interest Due to Related Party of $78,~~686~~401 and $47,~~963~~923, and short-term portion of accrued interest SBA loan of $76,~~310~~579 and $58,~~921~~407 at ~~October~~April 3130, ~~2025~~2026 and January 31, ~~2025~~2026.

NOTE 5 – DUE TO RELATED PARTY

On September 15, 2023, the Company issued a 1% Convertible Promissory Note in the amount of $296,498 (the “Note”) to RMR Management Group LLC (“RMR”) in exchange for full and final settlement of an aggregate amount of $296,498 previously loaned by RMR to the Company, $121,600 was reclassified as Notes Payable January 29, 2026. The Note is convertible at the RMR’s option into shares of common stock of the Company at a per share conversion price of $0.01. As of April 30, 2026, $4,302 in interest has been accrued. RMR is a company owned and controlled by the Company’s CEO.

On May 1, 2024, the Company issued a Promissory Note in the amount of $24,669 to RMR in exchange for expenses paid and funds previously loaned to the company. RMR is a company owned and controlled by the Company’s CEO. The loan is unsecured with an interest rate of 10% per annum and a maturity date of December 31, 2026. As of April 30, 2026 $22,563 in payments have been made and $4,099 in interest has been accrued for a total balance of $6,205.

Total Due to related parties consists of the total amount owed to the Company’s CEO of $177,004 and $177,004 with accrued interest of $8,401 and $7,923, at April 30, 2026 and January 31, 2026 respectively.

F-10

Table of Contents

Kindcard, Inc. and Subsidiaries

Condensed Notes to Consolidated Financial Statements (unaudited)

~~October~~April 3130, ~~2025~~2026

NOTE 76 – ~~DUE TO RELATED PARTY~~LOANS

On September 15, 2023, the Company issued a 1% Convertible Promissory Note in the amount of $296,498 (the “Note”) to RMR Management Group LLC (“RMR”) in exchange for full and final settlement of an aggregate amount of $296,498 previously loaned by RMR to the Company. The Note is convertible at the RMR’s option into shares of common stock of the Company at a per share conversion price of $0.01. As of October 31, 2025 $3,465 in interest has been accrued. RMR is a company owned and controlled by the Company’s CEO.

On May 1, 2024, the Company issued a Promissory Note in the amount of $24,669 to RMR in exchange for expenses paid and funds previously loaned to the company. RMR is a company owned and controlled by the Company’s CEO. The loan is unsecured with an interest rate of 10% per annum and a maturity date of December 31, 2024. As of October 31, 2025 the loan was extended to December 31, 2025, $8,014 in payments have been made and $3,845 in interest has been accrued for a total balance of $20,500.

On May 17, 2024, the Company issued a 6% Promissory Note in the amount of $75,000 to RMR Management Group LLC (“RMR”) in consideration for a $75,000 loan from RMR to the Company. RMR is a company owned and controlled by the Company’s CEO, Michael Rosen. The loan is unsecured with an interest rate of 6% per annum, monthly installments consisting of principal and interest in the amount of $4,541 beginning June 5, 2024, and a maturity date of November 16, 2025. As of October 31, 2025, $375 in interest has been accrued and $73,934 in payments have been made for a total balance of $4,542.

During the period ended January 31, 2025 RMR loaned an additional $37,505 to the Company in the form of short-term loans with interest rates ranging from 6% to 10% per annum with a maturity date of December 31, 2024. As of October 31, 2025 $26,486 in payments were made, $285 in interest was accrued and the loans have been extended to December 31, 2025. In the period ended October 31, 2025 RMR loaned an additional $19,398 to the Company $760 in interest has been accrued and $31,462 in payments have been made for a total balance of $NIL. RMR is a company owned and controlled by the Company’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. In November 2025, the SBA renewed its UCC filing for the loan and charged the Company $20 for the filing fee by increasing the loan’s principal balance by $20. An additional $2326,~~981~~989 of interest was accrued and $1013,~~673~~084 in installments payments have been made as of ~~October~~April 3130, ~~2025~~2026, for a total balance of $~~166~~167,~~468~~085. 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~~installments ~~payments~~ of $73, ason ofSeptember ~~October 31~~15, 2025 the accommodation plan ~~has~~was ~~been~~ extended ~~through~~for ~~February~~an 15additional six months, ~~2026~~in ~~with~~March 2025 a final extension was granted for an additional twelve months of installment payments of $366 ending on February 15, 2026.

F-11 Table 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		117,105
Total future minimum loan payments	$	150,000

Notes Payable

Loans payable consist of a$406,351 ~~series~~and of$384,817 in short term loans ~~with~~payable ~~a combined balance of $347,960 and $221,646~~ at ~~October~~April 3130, ~~2025~~2026 and January 31, ~~2025.~~2026 These loans ~~are~~ with ~~vendors,~~non-related ~~consultants~~parties ~~and advisors of the Company,~~ are unsecured and have interest rates ranging from 7% to 12% per annum and maturity dates within one to twelve months.

NOTE 97 – COMMITMENTS AND CONTINGENCIES

On ~~May~~September 2515, ~~2022~~2023, the Company ~~and~~issued ana ~~advisor~~1% ~~entered~~Convertible ~~into~~Promissory anNote ~~Advisory~~in ~~Agreement related to~~ the ~~development,~~amount ~~design and build~~ of ~~its compliance and state licensing program related to the Company’s Deb Platform. The initial term of the agreement is six months at a rate of~~ $5296,~~000~~498 ~~per month~~ (~~$30,000) with an option to renew on a month-to-month basis thereafter. The contract includes a stock grant allowing~~ the ~~advisor~~“Note”) ~~the opportunity~~ to ~~earn~~RMR upManagement toGroup aLLC ~~total of 1,000,000 shares of common stock~~ (~~the~~ “~~Shares~~RMR”) ofin ~~the~~exchange ~~Company~~for tofull beand ~~issued~~final ~~one~~settlement ~~year~~of ~~from~~an ~~the~~aggregate ~~effective~~amount ~~date~~ of ~~the~~$296,498 ~~agreement~~previously ~~subject~~loaned toby ~~approval~~RMR byto the Company’s, ~~Board~~$121,600 ofwas ~~Directors~~reclassified ~~and~~as ~~the~~Notes ~~achievement~~Payable ofJanuary ~~certain~~29, ~~mutually~~2026 ~~agreed~~related ~~goals~~to a Settlement and ~~objectives.~~Release ~~Effective~~Agreement ~~January~~effective ~~31,~~September ~~2023~~24, ~~the~~2025. ~~agreement~~The ~~has~~Note ~~been~~is ~~suspended~~convertible ~~and~~at ~~placed on hold by~~ the ~~parties until the Company~~RMR’s ~~Deb~~option ~~Platform~~into ~~has~~shares ~~been~~of ~~released,~~common ~~and,~~stock ~~accordingly,~~of the ~~parties~~Company ~~have~~at ~~agreed~~a toper ~~cease~~share ~~accruing~~conversion ~~the~~price ~~monthly cash fees due under the agreement. Total fees earned~~ of $~~40,000~~0.01. inAs ~~consulting fees have been recorded as~~ of ~~January~~April 3130, ~~2023~~2026, ~~with~~ $74,~~500~~302 in ~~accrued~~interest ~~expenses. As of December 10, 2025 the advisor~~ has ~~agreed~~been toaccrued. ~~waive~~RMR ~~the~~is ~~outstanding~~a ~~advisory~~company ~~fees,~~owned ~~the~~and ~~parties~~controlled ~~have~~by ~~agreed to terminate~~ the ~~agreement~~Company’s ~~and no shares will be issued~~CEO.

~~F-12~~On ~~Table~~May 1, 2024, the Company issued a Promissory Note in the amount of ~~Contents~~$24,669 to RMR in exchange for expenses paid and funds previously loaned to the company. RMR is a company owned and controlled by the Company’s CEO. The loan is unsecured with an interest rate of 10% per annum and a maturity date of December 31, 2026. As of April 30, 2026 $22,563 in payments have been made and $4,099 in interest has been accrued for a total balance of $6,205.

F-11

Table of Contents

Kindcard, Inc. and Subsidiaries

Condensed Notes to Consolidated Financial Statements (unaudited)

~~October~~April 3130, ~~2025~~2026

NOTE 98 – ~~COMMITMENTS~~COMMON ~~AND CONTINGENCIES (continued)~~STOCK

On September 15, 2023, the Company issued a 1% Convertible Promissory Note in the amount of $296,498 (the “Note”) to RMR Management Group LLC (“RMR”) in exchange for full and final settlement of an aggregate amount of $296,498 previously loaned by RMR to the Company. The Note is convertible at the RMR’s option into shares of common stock of the Company at a per share conversion price of $0.01. RMR is a company owned and controlled by the Company’s CEO, Michael Rosen. As of October 31, 2025 $3,465 in interest has been accrued for a total balance of $299,963.

On May 1, 2024, the Company issued a Promissory Note in the amount of $24,669 to RMR in exchange for expenses paid and funds previously loaned to the company. RMR is a company owned and controlled by the Company’s CEO. The loan is unsecured with an interest rate of 10% per annum and a maturity date of December 31, 2024. As of October 31, 2025 the loan had been extended to December 31, 2025 , $3,845 in interest has been accrued and $8,014 in payments have been made for a total balance of $20,500.

During the period ended January 31, 2025 RMR loaned an additional $37,505 to the Company in the form of short-term loans with interest rates ranging from 6% to 10% per annum with a maturity date of December 31, 2024. As of January 31, 2025 the loans had been extended to December 31, 2025. In the period ended October 31, 2025 RMR loaned an additional $19,398 to the Company $760 in interest has been accrued and $31,642 in payments have been made for a total balance of $NIL. RMR is a company owned and controlled by the Company’s CEO, Michael Rosen.

NOTE 10 – COMMON STOCK

The Company is authorized to issue 200,000,000 common shares with a par value of $0.001 per share. No preferred shares have been authorized or issued.

On June 18, 2025, the Company issued 5,160,799 shares of common stock to a consultant in exchange for consulting services.

~~NOTE~~On 11January –29, ~~SUBSEQUENT~~2026, ~~EVENTS~~the Company issued 250,000 shares of common stock to a consultant per a Settlement and Release Agreement effective September 24, 2025 in exchange for $121,600 previously loaned to the Company.

NOTE 9 – SUBSEQUENT EVENTS

The Company evaluates events that occur after the period’s end date through the date the financial statements are available to be issued. Accordingly, management has evaluated subsequent events through the date these financial statements are issued and has determined that no subsequent events require disclosure in these financial statements.

F-1312 Table of Contents

Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations.

The following discussion and analysis of our financial condition and results of operations should be read in conjunction with our unaudited condensed consolidated financial statements and notes thereto included in Part I, Item 1 of this Quarterly Report on Form 10-Q and with our audited financial statements and notes thereto for the year ended January 31, ~~2025~~2026, included in our Annual Report on Form 10-K for the fiscal year ended January 31, ~~2025~~2026 filed on May 19, ~~2025~~2026 (the “Annual Report”) with the U.S. Securities and Exchange Commission (the “SEC”). This Quarterly Report on Form 10-Q contains forward looking statements, including without limitation, statements related to our plans, strategies, objectives, expectations, intentions and adequacy of resources. Investors are cautioned that such forward-looking statements involve risks and uncertainties including without limitation the following: (i) our plans, strategies, objectives, expectations and intentions are subject to change at any time at our discretion; (ii) our plans and results of operations will be affected by our ability to manage growth; and (iii) other risks and uncertainties indicated from time to time in our filings with the Securities and Exchange Commission.

In some cases, you can identify forward-looking statements by terminology such as ‘may,’ ‘will,’ ‘should,’ ‘could,’ ‘expects,’ ‘plans,’ ‘intends,’ ‘anticipates,’ ‘believes,’ ‘estimates,’ ‘predicts,’ ‘potential,’ or ‘continue’ or the negative of such terms or other comparable terminology. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance, or achievements. Moreover, neither we nor any other person assumes responsibility for the accuracy and completeness of such statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. We are under no duty to update any of the forward-looking statements after the date of this report.

Unless otherwise indicated, references to the “Company,” “Kindcard”, “us”, or “we” refer to Kindcard, Inc. and its subsidiaries.

Company Overview

KindCard, Inc. (f/k/a MWF Global Inc.) (the “Company”) was incorporated in the State of Nevada on November 18, 2016, and established a fiscal year end of January 31. The Company was originally organized to sell unique country specific handcrafted natural products with a focus on sourcing these products from South-East Asia and offering these products for sale through the Company’s website and to establish other distribution channels. On June 1, 2021, RMR Management LLC (“RMR” and the “Majority Stockholder”) purchased 54,000,000 shares of common stock of the Company, representing the majority of the Company’s issued and outstanding shares, from William D. Mejia in consideration of a purchase price of $150,000. RMR is owned and controlled by Michael Rosen, the Company’s sole officer and director. On June 7, 2021, the Company entered into a Stock Purchase Agreement (the “Purchase Agreement”) with Kindcard, Inc., a Massachusetts corporation (“KindCard MA”) and Croesus Holdings Corp, a Massachusetts corporation (“Croesus” and together with Kindcard MA, the “Seller”), pursuant to which the Company acquired (i) all of the intellectual property and operational assets (collectively, the “~~Tendercard~~ Assets”) of the “Tendercard” ~~division~~Division of Croesus~~, and (ii) 100% of the issued and outstanding shares of common stock of Kindcard MA, in consideration of an aggregate of 8,000,000 shares of common stock of the Company~~. On June 16, 2021, Michael Rosen was appointed as a Director of the Company. On June 30, 2021, William D. Mejia resigned as a director and the sole officer of the Company and Michael Rosen was appointed as the sole officer of the Company. On July 9, 2021, the Company filed a Certificate of Amendment to Articles of Incorporation (the “Certificate”) with the State of Nevada ~~effectuating~~to effectuate a name change ~~of the Company~~ (the “Name Change”). As a result of the Name Change, the Company’s name changed from “MWF Global Inc.” to “Kindcard, Inc.”. ~~The~~On ~~Certificate was approved by the Majority Stockholder and by the Board of Directors of the Company. The Purchase Agreement and the transactions contemplated therein closed on~~ August 1626, 2021, ~~(the~~Tendercard, ~~“Closing”)~~Inc. ~~Subsequent to the Closing~~, ~~the~~a ~~Company~~wholly ~~became~~owned ~~aware~~subsidiary ~~that the Sellers failed to deliver certain~~ of the ~~Tendercard Assets to the~~ Company, inwas ~~material~~incorporated ~~breach~~by of the ~~Purchase Agreement. A settlement arrangement is currently being negotiated between the~~ Company ~~and Sellers~~ in ~~connection~~the ~~with~~State ~~such~~of ~~matter~~Nevada. On ~~August~~January 2614, ~~2021~~2022, ~~Tendercard~~Deb, Inc., a wholly owned subsidiary of the Company, was incorporated by the Company in the State of Nevada. InOur ~~addition,~~symbol on ~~January~~OTC ~~14,~~Markets ~~2022,~~is ~~Deb~~KCRD, ~~Inc.,~~CUSIP anumber ~~wholly~~is ~~owned~~49452K105.The ~~subsidiary of the~~ Company, ~~was~~through ~~incorporated~~its bywholly ~~the~~owned ~~Company~~operating insubsidiaries, ~~the~~Deb, ~~State~~Inc. ofand ~~Nevada~~Tendercard, Inc., Inis ~~connection~~an ~~with~~innovative ~~the~~FinTech ~~Name~~and ~~Change,~~PayTech ~~the~~company ~~Company~~which ~~filed~~provides analternative ~~Issuer Company~~Closed-~~Related~~Loop ~~Action~~payment ~~Notification~~solutions ~~Form~~to ~~with~~consumers ~~the~~and ~~Financial~~businesses ~~Industry~~across ~~Regulatory~~a ~~Authority~~wide ~~(the~~variety ~~“FINRA~~of ~~Corporate Action”)~~verticals. The ~~Name~~Company ~~Change~~believes ~~was~~that ~~implemented~~mobile bywallet ~~FINRA~~technology onwill ~~September~~ultimately ~~21,~~grow ~~2021.~~to ~~Our~~become ~~symbol~~the onpreferred ~~OTC~~method ~~Markets~~for ~~was~~merchants ~~KCRDD~~and ~~for~~consumers 20to ~~business~~transact ~~days~~at ~~from~~the ~~September~~point 21of sale, ~~2021~~and ~~(the~~it ~~“Notification~~is ~~Period”).~~our ~~Our~~goal ~~new~~to ~~CUSIP~~capture ~~number~~significant ismarket ~~49452K105.~~share Infrom ~~connection with~~ the ~~FINRA~~mobile ~~Corporate~~wallet ~~Action,~~segment through our ~~symbol~~proprietary ~~was~~“Pay ~~changed~~with ~~to “KCRD~~Deb” ~~following~~consumer ~~the~~app ~~Notification~~and ~~Period~~merchant services platform (“Pay with Deb”).

4The ~~Table~~Company, through its wholly owned operating subsidiaries, Deb, Inc. and Tendercard, Inc., is an innovative FinTech and PayTech company which provides traditional payment solutions along with alternative Closed-Loop payment solutions to consumers and businesses across a wide variety of ~~Contents~~verticals worldwide. The Company believes that mobile wallet technology will ultimately grow to become the preferred method for merchants and consumers to transact at the point of sale, and it is our goal to capture significant market share from the mobile wallet segment through our proprietary “Pay with Deb” consumer app and merchant services platform (“Pay with Deb”).

~~The Company, through its wholly owned operating subsidiaries,~~ Deb, Inc. ~~and Tendercard, Inc.,~~ is antransforming ~~innovative~~credit ~~FinTech~~card and ~~PayTech~~digital ~~company which provides alternative Closed-Loop~~ payment solutions toacross ~~consumers~~the ~~and~~world. ~~businesses~~Our ~~across~~mission ais ~~wide~~to ~~variety~~provide ofseamless, ~~verticals~~secure, ~~domestically~~ and ~~worldwide.~~innovative ~~The~~payment ~~Company~~processing ~~believes~~services that ~~mobile~~empower ~~wallet~~businesses ~~technology will ultimately grow~~ to ~~become~~thrive ~~the~~in ~~preferred~~a ~~method~~fast-paced, ~~for~~digital ~~merchants~~world. ~~and~~With ~~consumers~~a commitment to ~~transact~~cutting-edge ~~online~~technology and atexceptional ~~the~~customer ~~point of sale~~service, ~~and~~Deb itstands isas ~~our~~a ~~goal~~trusted topartner ~~capture~~for ~~significant~~merchants ~~market~~seeking ~~share~~cost ~~from~~competitive, ~~the~~secure ~~mobile~~and ~~wallet~~reliable ~~segment~~payment ~~domestically~~solutions ~~and~~in-store ~~internationally.~~or online

Deb is revolutionizing global payments by incorporating, in a closed loop single source platform, cutting edge fintech payments technology that allows for the processing and movement of traditional fiat, digital and crypto currency worldwide for businesses and consumers alike. Through Deb Payments strategic partnerships with Blox (blox.global) and Viacarte (viacarte.com) Deb has brought to market an integrated all-encompassing worldwide payments and asset movement platform integrated to over 100 Banks worldwide allowing the ability to process debit and credit card transactions and open Consumer and Commercial FBO bank accounts. In our partnership with Viacarte Deb has the ability to issue Virtual and In-Wallet Signature Visa™ cards worldwide.

The Deb Platform combines technology to provide the highest level of compliance and security required in this ever changing world of currency and payment movement worldwide.

Lastly, the Deb Platform provides very detailed and secure reporting both to businesses and individual clients, the best in class reporting tools in real time to maximize funds usage.

Tendercard, Inc. provides independent merchants with a gift card and loyalty platform, allowing businesses to purchase their own proprietary gift card program to promote and sell to their own customers, where their customers can also earn points. Tendercard’s gift card and loyalty platform replaces paper gift certificates and all manual recordkeeping with an electronic accounting and reporting system hosted by Tendercard. Unlike other gift card providers, Tendercard settles gift card purchases directly to the merchant’s account, never taking control of the money. Tendercard processing is available through the “Bridgepay” pay payment gateway and can be used with a dedicated terminal, or with “Pax”, and “Dejavoo” terminals.

The Company is dedicated to providing universal access to digital payment tools for all entities, persons, and governments, who accept or pay with money. Each of our business units has a focused value proposition, delivering cutting-edge fintech and paytech solutions within their target markets. Combined with excellent customer service, the Company aims to grow its user base and merchant network exponentially over the next two years.

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Results of Operations

For the three-month period ended ~~October~~April 3130, ~~2025~~2026, we had revenues of $9774,~~711~~175 as compared to $~~139~~85,~~366~~591 in revenues for the three-month period ended ~~October~~April 3130, ~~2024~~2025. Total Cost of Sales for the three-month period ended ~~October~~April 3130, ~~2025,~~2026 was $3318,~~873~~318 resulting in a Gross Profit of $6355,~~838~~857 as compared to Total Cost of Sales for the three-month period ended ~~October~~April 3130, ~~2024,~~2025 of $2519,~~262~~772 resulting in a Gross Profit of $~~114~~65,~~104~~819. Operating Expenses for the three-month period ended ~~October~~April 3130, ~~2025,~~2026 were $~~108~~118,~~719~~275 resulting in Net Loss ~~from Operations~~ of $4462,~~881~~418. The net loss for the three-month period ended ~~October~~April 3130, ~~2025,~~2026 is comprised of General and Administrative Expenses of $~~106~~115,~~883~~738, and Depreciation and Amortization of $12,~~836~~537, as compared to the ~~Net~~net loss for the three-month period ended ~~October~~April 3130, ~~2024,~~2025 of $755,~~588~~064 which iswere comprised of General and Administrative Expenses of $~~101~~104,~~327~~417, and Depreciation and Amortization of $2016,~~365~~466. The changes in results of operations for the three-month period ended ~~October~~April 3130, ~~2025~~2026 as compared to the three-month period ended ~~October~~April 3130, ~~2024,~~2025 are primarily a result of a decrease in ~~Cash~~Cost ~~Pickup~~of ~~revenues~~Sales for the three month period ended ~~October~~April 3130, ~~2025~~2026.

For the nine-month period ended October 31, 2025, we had revenues of $274,232 as compared to $301,159 in revenues for the nine-month period ended October 31, 2024. Total Cost of Sales for the nine-month period ended October 31, 2025, was $72,573 resulting in a Gross Profit of $201,659 as compared to Total Cost of Sales for the nine-month period ended October 31, 2024 of $65,596 resulting in a Gross Profit of $240,563. Operating Expenses for the nine-month period ended October 31, 2025, were $480,084 resulting in Net Loss of $278,425. The net loss for the nine-month period ended October 31, 2025, is comprised of General and Administrative Expenses of $456,529, and Depreciation and Amortization of $23,555, as compared to the net loss for the nine-month period ended October 31, 2024 of $181,175 which were comprised of General and Administrative Expenses of $361,912, and Depreciation and Amortization of $59,826. The changes in results of operations for the nine-month period ended October 31, 2025, as compared to the nine-month period ended October 31, 2024 are primarily a result of a decrease in Cash Pickup revenues and Shares issued for services for the nine month period ended October 31, 2025.

Liquidity and Capital Resources

Although we have raised limited funds in the form of debt financing, we anticipate that until we generate more revenue, we will require additional ~~financing~~financings in order to fully implement our plan of operations.

As of ~~October~~April 3130, ~~2025,~~2026 we had $9,~~698~~140 in cash, $2043,~~245~~818 in Accounts Receivable, ~~$3,554 in Unbilled revenue,~~ net, and Other Assets of $137,~~549~~190. Total liabilities as of ~~October~~April 3130, ~~2025~~2026, were $1,~~242~~240,~~944~~775 as compared to $1,~~132~~169,~~511~~622 in total liabilities at January 31, ~~2025~~2026. The funds available to the Company will not be sufficient to fund the planned operations of the Company and maintain a reporting status.

The total amount owed to the Company’s CEO as of ~~October~~April 3130, ~~2025,~~2026 was $~~325~~185,~~005~~405. The amounts due to related party consist of ~~an amount due to an executive of the Company of $1,580,~~ a 1% Convertible Promissory Note in the amount of $~~296~~174,~~498~~898 (the “Note”) to RMR Management Group LLC (“RMR”), ~~and~~the ~~The~~ Note is convertible at RMR’s option into shares of common stock of the Company at a per share conversion price of $0.01 as of April 30, 2026 $4,302 in interest has been accrued, and a Promissory Note issued on May 1, 2024 with ~~the~~a ~~remaining~~principal balance of $202,~~821~~106. The loan is unsecured with an interest rate of 10% per annum and a maturity date of December 31, ~~2025~~2026. As of April 30, 2026 $22,563 in payments have been made and $4,099 in interest has been accrued for a total balance of $6,205. RMR is a company owned and controlled by the Company’s CEO.

The remaining balance consists of Accounts Payable of $~~331~~395,~~842~~289, Accrued Interest of $6180,~~334~~141, Accrued Payroll ~~and~~Expenses of $6,042, Accrued Tax ~~Expenses~~Expense of $10462,~~335,~~ Notes Payable of $~~347~~406,~~960~~351, the Small Business Administration Economic Disaster Injury Loan assumed in the acquisition of Kindcard on June 7, 2021 current portion of $76,~~310~~579, Accrued Interest long term portion of $912,~~158~~559 and a principal balance of $150,~~000~~020.

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Off-balance sheet arrangements

Other than the situation described in the section titled Capital Recourses and Liquidity, the company has no off-balance sheet arrangements that have or are reasonably likely to have a current or future effect or change on the company’s financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources that are material to investors. The term “off-balance sheet arrangement” generally means any transaction, agreement or other contractual arrangement to which an entity unconsolidated with the company is a party, under which the company has (i) any obligation arising under a guarantee contract, derivative instrument or variable interest; or (ii) a retained or contingent interest in assets transferred to such entity or similar arrangement that serves as credit, liquidity or market risk support for such assets

Item 3. Quantitative and Qualitative Disclosures about Market Risk.

We are a smaller reporting company as defined by Rule 12b-2 of the Exchange Act and are not required to provide the information required under this item.

Item 4. Controls and Procedures.

Disclosure Controls and Procedures

Disclosure controls and procedures are controls and other procedures that are designed to ensure that information required to be disclosed in our reports filed or submitted under the Securities Exchange Act of 1934 is recorded, processed, summarized and reported, within the time period specified in the SEC’s rules and forms. Disclosure controls and procedures include, without limitation, controls and procedures designed to ensure that information required to be disclosed in our reports filed or submitted under the Securities Exchange Act of 1934 is accumulated and communicated to management including our principal executive officer and principal financial officer as appropriate, to allow timely decisions regarding required disclosure.

In connection with this quarterly report, as required by Rule 15d-15 under the Securities Exchange Act of 1934, we have carried out an evaluation of the effectiveness of the design and operation of our company’s disclosure controls and procedures. This evaluation was carried out under the supervision and with the participation of our company’s management, including our company’s principal executive officer and principal financial officer. Based upon that evaluation, our company’s principal executive officer and principal financial officer concluded that subject to the inherent limitations noted in this Part II, Item 9A(T) as of ~~October~~April 3130, ~~2025~~2026, our disclosure controls and procedures were not effective due to the existence of material weaknesses in our internal controls over financial reporting.

Changes in Internal Control Over Financial Reporting

There were no changes in our internal control over financial reporting (as defined in Rule 13a-15(f) or 15d-15(f)) during the quarter ended ~~October~~April 3130, ~~2025~~2026 that have materially affected, or are reasonably likely to materially affect, our internal controls over financial reporting.

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PART II—OTHER INFORMATION

Item 1. Legal Proceedings.

We are not currently involved in any pending litigation or legal proceedings.

Item 1A. Risk Factors.

We are a “smaller reporting company” as defined by Rule 12b-2 of the Exchange Act and are not required to provide the information required under this item.

Item 2. Unregistered Sales of Securities and Use of Proceeds.

None.

Item 3. Defaults Upon Senior Securities.

None.

Item 4. Mine Safety Disclosures.

None.

Item 5. Other Information.

None.

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Item 6. Exhibits

The following exhibits are filed as part of, or incorporated by reference into, this Quarterly Report on Form 10-Q.

EXHIBIT INDEX

31.1*		Certification of Chief Executive Officer pursuant to Rule 13(a)-14(a)/15(d)-14(a) of the Securities Act of 1934

31.2+		Certification of Chief Financial Officer pursuant to Rule 13(a)-14(a)/15(d)-14(a) of the Securities Act of 1934

32.1*		Certification of Chief Executive Officer Executive Officer under Section 1350 as Adopted pursuant Section 906 of the Sarbanes-Oxley Act of 2002

32.2++		Certification of Chief Financial Officer under Section 1350 as Adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.

101.INS		Inline XBRL Instance Document (the instance document does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document)

101.SCH		Inline XBRL Taxonomy Extension Schema Document

101.CAL		Inline XBRL Taxonomy Extension Calculation Linkbase Document

101.DEF		Inline XBRL Taxonomy Extension Definition Linkbase Document

101.LAB		Inline XBRL Taxonomy Extension Labels Linkbase Document

101.PRE		Inline XBRL Taxonomy Extension Presentation Linkbase Document

104		Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101)

*	Filed herewith

#	Indicates management contract or compensatory plan.

+	Included in Exhibit 31.1

++	Included in Exhibit 32.1

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

	Kindcard, Inc.
	(Registrant)
Date: December 19, 2025	By:	/s/ Michael Rosen
Date: June 17, 2026	By:	/s/ Michael Rosen
		Michael Rosen
		CEO, CFO, President, and Director
		(Principal Executive Officer,
		Principal Financial and Accounting Officer)

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