Company: BUDZ
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001096906-25-000350
Chunk: 270

Company: WEED, INC.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1C
Chunk 270
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 Level 2  
    Level 3 
  
    Assets 

    Cash 
    $290,409  
    $-  
    $- 
  
    Intangible assets, net 
    $-  
    $36,183  
    $- 
  
    Total assets 
    $290,409  
    $36,183  
    $- 
  
    Liabilities 

    Notes payable, related parties 
        
    $133,073  

    Notes payable 
    $-  
    $3,661  
    $- 
  
    Total liabilities 
    $-  
    $136,734  
    $- 

Fair Value Measurements at December 31, 2024

    Level 1  
    Level 2  
    Level 3 
  
    Assets 

    Cash 
    $159,355  
    $-  
    $- 
  
    Intangible assets, net 
    $-  
    $33,583  
    $- 
  
    Total assets 
    $159,355  
    $33,583  
    $- 
  
    Liabilities 

    Notes payable, related parties 
        
    $423,328  

    Notes payable 
    $-  
    $-  
    $- 
  
    Total liabilities 
    $-  
    $423,328  
    $- 

The fair values of our related party debts are deemed
to approximate book value and are considered Level 2 inputs as defined by ASC Topic 820-10-35.

There were no transfers of financial assets or liabilities
between Level 1, Level 2 and Level 3 inputs for the year ended December 31, 2024 and 2023.

Note 5 – Property and Equipment

Property and equipment consist of the following at
December 31, 2024 and December 31, 2023, respectively:

    Schedule of property and equipment 

    December 31,  
    December 31, 

    2024  
    2023 

    Office equipment 
     8,666  
     8,666 
  
    Furniture & Fixtures 
     5,479  
     5,479 
  
    Lab equipment 
     133,626  
     133,626 

    Land