Kindly MD Inc. 2025年季度报告

FORM10-Q KINDLY MD, INC. Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or such shorter period that the registrant was required to file such reports), and Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submittedpursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smallerreporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying 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 Act.) Yes☐No☒ The number of shares of the registrant’s common stock outstanding as of May 8, 2025 was6,022,148. PART I. FINANCIAL INFORMATION ITEM 1. FINANCIAL STATEMENTS Condensed Balance Sheets as of March 31,2025 (Unaudited) and December 31, 20244Condensed Statements of Operations for the Three Months Ended March 31, 2025 and 2024 (Unaudited)5Condensed Statements of Stockholders’ Equity (Deficit) for the Three Months Ended March 31, 2025 and 2024 (Unaudited)6Condensed Statements of Cash Flows for the Three Months Ended March 31, 2025 and 2024 (Unaudited)7Notes to Condensed Financial Statements (Unaudited)83 KINDLY MD, INC.NOTES TO CONDENSED FINANCIAL STATEMENTS NOTE 1—BASIS OF PRESENTATION AND OTHER INFORMATION The accompanying unaudited condensed financial statements of Kindly MD, Inc. (the “Company,” “Kindly MD,” “we,” “us,” or“our”) have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) forinterim financial information and with the instructions to Form 10-Q of Regulation S-X. They do not include all the information andfootnotes required by GAAP for complete financial statements. The December 31, 2024 balance sheet data was derived from auditedfinancial statements but do not include all disclosures required by GAAP. The interim unaudited condensed financial statements shouldbe read in conjunction with those financial statements included in the Form 10-K, as filed with the Securities and Exchange Reclassifications Certain reclassifications within operating expenses have been made to the prior period’s financial statements to conform to the currentperiod financial statement presentation. There is no impact in total to the results of operations and cash flows in all periods presented. Recently Adopted Accounting Pronouncements In August 2023, the FASB issued ASU 2023-05, “Business Combinations—Joint Venture Formations (Subtopic 805-60): Recognitionand Initial Measurement,” which requires a newly-formed joint venture to apply a new basis of accounting to its contributed net assets,resulting in the joint venture initially measuring its contributed net assets at fair value on the formation date. ASU 2023-05 is effectivefor all joint venture formations with a formation date on or after January 1, 2025, with early adoption permitted. These amendments Recently Issued Accounting Pronouncements Not Yet Adopted In December 2023, the FASB issued ASU 2023-09, “Income Taxes (Topic 740): Improvements to Income Tax Disclosures,” whichenhances the transparency and decision usefulness of income tax disclosures by requiring (1) consistent categories and greaterdisaggregation of information in the rate reconciliation and (2) income taxes paid disaggregated by jurisdiction. It also includes certainother amendments to improve the effectiveness of income tax disclosures. ASU 2023-09 is effective for fiscal years beginning after In November 2024, the FASB issued ASU 2024-03, “Income Statement – Reporting Comprehensive Income – Expense DisaggregationDisclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses,” which requires the disaggregated disclosure ofspecific expense categories, including purchases of inventory, employee compensation, depreciation, and amortization included ineach relevant expense caption presented on the statement of operations. The standard also requires disclosure of qualitative descriptionof the amounts remaining in relevant expense captions that are not separately disaggregated quantitatively, as well as the total amount The Company currently believes there are no other issued and not yet effective accounting standards that are materially relevant to itsinterim unaudited condensed financial statements. NOTE 2—DISAGGREGATION OF REVENUES The Company’s revenue