Company: BUDZ
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001096906-25-000350
Chunk: 289

Company: WEED, INC.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 2
Chunk 289
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. There is no assurance, however, that we will be
successful in these efforts.

Cash Requirements

We had cash available of
$159,355 and $290,409 as of December 31, 2024 and December 31, 2023, respectively. Based on our lack of revenue, our cash on hand and
current monthly burn rate of approximately $45,000, 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 $(415.524) for the
year ended December 31, 2024, as compared to $(1,074,087) for the year ended December 31, 2023. For the period in 2024, the net cash used
in operating activities consisted primarily of our net loss of $(510,716), adjusted by depreciation and amortization of $22,586, debt
discount amortization of $10,255, and estimated fair value of stock based compensation and shares issued for services of $20,000 and 14,000,
respectively. For the period in 2023, the net cash used in operating activities consisted primarily of our net loss of ($31,557), gain
on disposal of fixed asset of $(988,375), adjusted by depreciation and amortization of $52,392, debt discount amortization of $14,545,
estimated fair value of shares issued for services of $90,000, and imputed interest on RP loans of $21,494, and further adjusted by increases
in assets related to prepaid expenses and deposits of $(3,228), and decreases in liabilities consisting of accounts payable of $6,214
and accrued expenses of $223,144.

25

Investments

For the year ended December
31, 2024, we had cash flows provided by investing activities of nil, compared to cash flows from investing activities of $1,631,073, primarily
from $1,641,073 in proceeds from disposal of fixed assets, offset by $(10,000) related to purchase of property and equipment for the year
ended December 31, 2023.

Financing

Our net cash provided by financing activities for the year ended December
31, 2024 was 285,269, compared to $(587,979) for the year ended December 31, 2023. For the period