Business UpdateMay 19, 2026, 09:31 AM
Kindcard Annual Report Details Fintech Business, Going Concern
AI Summary
Kindcard, Inc. (KCRD) filed its annual 10-K report, detailing its operations as a FinTech and PayTech company through its wholly-owned subsidiaries, Deb, Inc. and Tendercard, Inc. The company focuses on alternative closed-loop payment solutions, including the "Pay with Deb" mobile wallet and Tendercard's gift card and loyalty platform. The report highlights a "going concern" issue due to an accumulated deficit of $1,632,570 and a working capital deficit of $969,168 as of January 31, 2026, with a cash balance of $9,160. Management believes current cash is insufficient for the next twelve months and relies on informal advances from its CEO.
Key Highlights
- Kindcard is a smaller reporting company.
- Market value of common stock held by non-affiliates was $459,263 as of July 31, 2025.
- 103,580,799 shares of common stock were outstanding as of May 18, 2026.
- Cash balance was $9,160 as of January 31, 2026, and $9,089 as of January 31, 2025.
- The company has an accumulated deficit of $1,632,570 as of January 31, 2026.
- Working capital deficit was $969,168 as of January 31, 2026.
- The company relies on informal advances from its CEO for funding.
- Kindcard employs two full-time employees and independent contractors.
Price Impact