Company: BUDZ
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001096906-25-000350
Chunk: 228

Company: WEED, INC.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1C
Chunk 228
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 959,372  
     648,753  
     310,619 
  
    Total Liabilities 
    $959,372  
    $648,753  
     310,619 

Our total assets decreased
by $165,696 as of December 31, 2024 as compared to December 31, 2023. The decrease in our total assets between the two periods was attributed
to decreases in our cash, ROU assets and accumulated depreciation.

Our current liabilities
and total liabilities increased by $310,619, as of December 31, 2024 as compared to December 31, 2023. This increase was primarily due
to increases in notes payable, related parties.

In order to repay our obligations
in full or in part when due, we will be required to raise capital from other sources. 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