Company: BUDZ
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001096906-25-000350
Chunk: 508

Company: WEED, INC.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 5
Chunk 508
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 generating revenues. In addition, the Company is currently
seeking additional sources of capital to fund short term operations. The Company, however, is dependent upon its ability to secure equity
and/or debt financing and there are no assurances that the Company will be successful; therefore, without sufficient financing it would
be unlikely for the Company to continue as a going concern.

The financial statements do not include any adjustments
that might result from the outcome of any uncertainty as to the Company’s ability to continue as a going concern. The financial
statements also do not include any adjustments relating to the recoverability and classification of recorded asset amounts or amounts
and classifications of liabilities that might be necessary should the Company be unable to continue as a going concern.

F-10

Note 3 – Related Party

Notes Payable

From time to time, the Company has received short
term loans from officers and directors as disclosed in Note 7 below. The Company has a total of $423,328 and $133,073 of note payable
on the consolidated balance sheet as of December 31, 2024 and December 31, 2023, respectively.

From January 2022 to March 31, 2022, the Company received
$4,000 and $500,000 loans from Nicole Breen and Glenn Martin, respectively. The $500,000 loan from Glenn Martin was replaced the $300,000
loan. From January 2023 to March 31, 2023, the Company paid off the remaining balance of the loan from Nicole Breen that originally was
$37,500. From April 2023 to June 30, 2023, the Company received $50,000 from Nicole Breen. From July 2023 to September 30, 2023, the company
paid off Glenn Marten’s loan of $500,000 and Nicole Breen’s loan of $50,000. From July 2024 to September, 2024, the Company
received $10,000 from Glenn Marten. From September 2024 to December 31, 2024, the Company received $300,000 from Glenn Marten and the
company paid off Glenn Marten’s loan of $5,000.

On May 2, 2022, the Company acquired the Hempirical
Genetics, LLC from Jeffrey Miller, and then Jeffrey Miller became the executive officer of WEED, Inc. Based on the agreement, the Company
owed Jeffrey Miller $120,