Company: BUDZ
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001096906-25-000820
Chunk: 50

Company: WEED, INC.
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 1
Chunk 50
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 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 March 31, 2025, we had depreciation and amortization expense of $5,622, compared to $5,721 in the three months ended March 31, 2024. Our depreciation and amortization expense primarily relates to our property and trademark acquisitions.

Interest Expense

                Interest expense increased from $(3,163) for the three months ended March 31, 2024, to $(5,718) for the three months ended March 31, 2025. Our interest expense primarily relates to notes payable from related parties.

Liquidity and Capital Resources

Introduction

During the three months ended March 31, 2025, because of our operating losses, we did not generate positive operating cash flows. Our cash on hand as of March 31, 2025 was $3,142 and our monthly cash flow burn rate was approximately $52,000. We currently do not believe we will be able to satisfy our cash needs from our revenues for many years to come.

 24Table of Contents

Our cash, current assets, total assets, current liabilities, and total liabilities as of March 31, 2025, and December 31, 2024, respectively, are as follows:

  March 31, 2025  December 31,2024  Change           Cash $3,142  $159,355  $(156,213 )Total Current Assets  35,658   189,891   (154,233 )Total Assets  575,128   738,366   (163,238 )Total Current Liabilities  921,364   959,372   (38,008 )Total Liabilities $921,364  $959,372  $(38,008 )

Our total assets decreased by $163,238 as of March 31, 2025, as compared to December 31, 2024. The decrease in our total assets between the two periods was attributed primarily to decreases in cash.

Our current liabilities and total liabilities decreased by $38,008, as of March 31,