Company: BUDZ
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001096906-25-000820
Chunk: 51

Company: WEED, INC.
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 1
Chunk 51
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 2025, as compared to December 31, 2024. This decrease was primarily due to decreases in notes payable, related parties and partially offset by increases in accrued officer compensation.

In order to pay our obligations in full or in part when due, we will be required to raise capital from other sources. There is no assurance, however, that we will be successful in these efforts.

Cash Requirements

We had cash available of $3,142 and $159,355 as of March 31, 2025 and December 31, 2024, respectively. Based on our lack of revenues, our cash on hand and current monthly burn rate of approximately $52,000, we will need to continue borrowing from our shareholders and other related parties, and/or raise money from the sales of our securities, to fund operations.

Sources and Uses of Cash

Operations

We had net cash used in operating activities of $71,838 for the three months ended March 31, 2025, as compared to $177,730 for the three months ended March 31, 2024. For the period in 2025, the net cash used in operating activities consisted primarily of our net loss of $(440,455), adjusted by depreciation and amortization of $5,622, debt discount amortization of $2,563, estimated fair value of stock based compensation and shares issued for services of $300,000 and $15,000, respectively, and accrued expenses of $44,456. For the period in 2024, the net cash used in operating activities consisted primarily of our net loss of $(170,652), adjusted by depreciation and amortization of $5,721, debt discount amortization of $2,564, estimated fair value of shares issued for services of $22,500,  and further adjusted by accrued expenses of $(46,999).

Investments

For the three months ended March 31, 2025 and 2024, we had no cash flows provided from investing activities. 

Financing

Our net cash used in financing activities for the three months ended March 31, 2025, was $(84,300), compared to $(10,000) for the three months ended March 31, 2024. For the period in 2025, our financing activities related to proceeds of note payable of $45,000, offset by repayments of notes payable-related party of $(130,000). For the period in 2024, our financing activities related