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10-QHIGH RiskDETERIORATING

Kindcard, Inc.

www.kindcard.com
Filed: Sep 21, 2026 CIK: 0001696025Financial Services
View original filing on SEC.gov

AI Executive Summary

AI-powered analysis of 10-Q filing content

Kindcard disclosed a new material weakness related to an undisclosed/unapproved transfer of OnDeck loan proceeds to its CEO, triggering remediation steps including a CEO indemnification and pledge agreement. While net losses narrowed year-over-year, the company's stockholders' deficit widened to $(1,234,810), cash remains critically low at $9,254, revenue declined, and total liabilities grew to over $1.3 million against total assets of only $66,506, raising serious going-concern and governance concerns.

Red Flags Detected (9)

Material weakness identified: CEO received transfer of loan proceeds without prior related-party review/approval

Stockholders' deficit deepened to $(1,234,810) from $(1,118,209)

Cash on hand only $9,254 against total liabilities of $1,301,316

6 more red flags detected

Key Takeaways

Net loss improved YoY (6mo: $116,601 vs $233,544) primarily due to lower G&A and D&A expenses, not revenue growth

Revenue is declining, undermining the sustainability of the reported loss improvement

3 more takeaways

Filing Overview

Form TypeQuarterly Report (10-Q)
Filing DateSep 21, 2026
Risk LevelHIGH
TrendDETERIORATING
AI Confidence85%
Red Flags9

What This Means

High Risk Filing: This company is showing signs of financial stress or significant operational challenges.

Deteriorating Trend: Conditions are worsening compared to previous filings. This may create opportunities for service providers.

Quarterly Report: Interim filing with unaudited financial data for the quarter.

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