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

Company: WEED, INC.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 14
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 prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the asset or liability (e.g., interest rates, yield curves, etc.), and inputs that are derived principally from or corroborated by observable market data by correlation or other means (market corroborated inputs). Level 3 - Unobservable inputs that reflect our assumptions about the assumptions that market participants would use in pricing the asset or liability. The following schedule summarizes the valuation of financial instruments at fair value on a recurring basis in the balance sheets as of June 30, 2025 and December 31, 2024, respectively: 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  $-  Fair Value Measurements at June 30, 2025   Level 1  Level 2  Level 3 Assets         Cash $5,350  $-  $- Intangible assets, net $-  $32,283  $- Total assets $5,350  $32,283  $- Liabilities            Notes payable, related parties $-  $345,455  $- Notes payable $-  $-  $- Total liabilities $-  $345,455  $- 

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Note 4 – Fair Value of Financial Instruments (continued)

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 six months ended June 30, 2025 and the year ended December 31, 2024.

Note 5 – Property and