Company: BUDZ
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001096906-25-001331
Chunk: 43

Company: WEED, INC.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 2
Chunk 43
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 Genomic Study and process those result. In the long-term we plan to be a company focused on purchasing land and building commercial grade “Cultivation Centers” to consult, assist, manage & lease to licensed dispensary owners and organic grow operators on a contract basis, with a concentration on the legal and medical marijuana (Cannabis) sector. Our long-term plan is to become a True “Seed-to-Sale” company providing infrastructure, financial solutions and real estate options in this new emerging market, worldwide. We plan to make our brand global and therefore we will look for opportunities to conduct future research, marketing, import and exporting, and manufacturing of any proprietary products on an international level.

General and Administrative Expenses

General and administrative expenses decreased by $21,244, from $85,296 for the three months ended June 30, 2024, to $64,052 for the three months ended June 30, 2025, primarily due to decreases in our consulting services and salary.

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Professional Fees

Our professional fees decreased by $27,102 during the three months ended June 30, 2025, compared to the three months ended June 30, 2024. Our professional fees were $24,372 for the three months ended June 30, 2025, and $51,474 for the three months ended June 30, 2024. These fees are largely related to fees paid for legal and accounting services, along with compensation to independent contractors. We expect these fees to vary quarter-to-quarter as our business and stock price fluctuate if we continue to use stock-based compensation. In the event we undertake an unusual transaction, such as an acquisition, securities offering, or file a registration statement, we would expect these fees to substantially increase during that period.

Depreciation and Amortization

During the three months ended June 30, 2025, we had depreciation and amortization expense of $5,621, compared to $8,185 in the three months ended June 30, 2024. Our depreciation and amortization expense primarily relates to our property and trademark acquisitions.

Interest Expense

Interest expense increased from $(599) for the three months ended June 30, 2024, to $(13,571) for the three months ended June 30, 2025. Our interest expense primarily relates to notes payable from related parties.

Six Months Ended June 30, 2025 Compared to Six Months Ended June 30, 2024