Company: BUDZ
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001096906-25-001331
Chunk: 42

Company: WEED, INC.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 2
Chunk 42
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 LLC, a Wyoming limited liability company, under which we acquired all of the issued and outstanding limited liability company membership units of Sangre in exchange for Five Hundred Thousand (500,000) shares of our common stock, restricted in accordance with Rule 144. As a result of this agreement, Sangre is a wholly-owned subsidiary of WEED, Inc.

This discussion and analysis should be read in conjunction with our financial statements included as part of this Quarterly Report.

 22Table of Contents

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

Results of Operations

  Three Months Ended   June 30,   2025  2024 Revenue $-  $-          Operating expenses:                 General and administrative  64,052   85,296 Professional fees  24,372   51,474 Depreciation and amortization  5,621   8,185 Total operating expenses  95,045   144,955          Net operating loss  (94,045 )  (144,955 )         Other income (expense)        Interest expense  (13,571 )  (599 )Other income  -   35,000 Total other income (expense) $13,571 ) $34,401          Income tax expense  -   399          Net Loss $(107,616 ) $(110,953 )         Other Comprehensive Income  1,112   (804 )         Comprehensive Loss $(106,504 ) $(111,757 )

Operating Loss; Net Loss

Our comprehensive net loss decreased by $5,253, from $(106,504) to $(111,757), from the three months ended June 30, 2024, compared to the three months ended June 30, 2025. Our net operating loss decreased by $50,910 from $(144,955) to $(94,045) for the same period. The decrease in our comprehensive net loss and operating loss is primarily a result of decreases in general and administrative expenses and professional fees. These changes are detailed below.

Revenue 

We have not had any revenues since our inception. Once we have sufficient funding, we plan to research and possibly enter the hemp and infused beverage industry through our newly acquired property in New York, and conduct Sangre’s Cannabis