Company: BUDZ
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001096906-25-000350
Chunk: 371

Company: WEED, INC.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 3
Chunk 371
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 from our Chief Executive Officer, Glenn Martin, and our Secretary, Nicole Breen. Mr. Martin and Ms. Breen own approximately 50%
and 20% of our common stock, respectively. The unsecured interest bearing loans at 5% are due on demand. As of December 31, 2022, we owed
Mr. Martin $500,000 and Ms. Breen $27,979 under these notes.

On January 2, 2018, Dr.
Pat Williams, at the time a member of our Board of Directors, loaned us $37,000, at an interest rate of 2% per annum, compounded annually
and due on demand. The loan was for the purpose of assisting us in purchasing the condominium in La Veta, CO.

Lease of Real Property

We lease our executive offices
from Glenn E. Martin, our President, on a month-to-month basis at a monthly rent of $1,000, which began on April 1, 2017.

Corporate Governance

As of December 31, 2024,
our Board of Directors consisted of Glenn E. Martin and Nicole M. Breen. As of December 31, 2024, we did not have any directors that qualified
as “independent directors” as the term is used in NASDAQ rule 5605(a)(2).

Our current Board of Directors
consists of Glenn E. Martin and Nicole M. Breen as our only directors.

39

ITEM 14 – PRINCIPAL ACCOUNTING FEES AND
SERVICES

Audit fees

The aggregate fees billed
for the two most recently completed fiscal periods ended December 31, 2024 and December 31, 2023 for professional services rendered by
M&K CPAS, PLLC, for the audit of our annual consolidated financial statements, quarterly reviews of our interim consolidated financial
statements and services normally provided by the independent accountant in connection with statutory and regulatory filings or engagements
for these fiscal periods were as follows:

    Year Ended 
    December 31, 
    2024

    Year Ended 
    December 31, 
    2023

    Audit Fees and Audit Related Fees
     
    $
                44,000 

    $
    43,000

    Tax Fees
     
    $
    5,513

    $
    0

    All Other Fees
     
    $
    0 

    $