Company: BUDZ
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001096906-25-000350
Chunk: 348

Company: WEED, INC.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 3
Chunk 348
---
 of a purchase deal that fell through in 2023.

Liquidity and Capital Resources

Introduction

During the years ended December
31, 2024 and 2023, because of our operating losses, we did not generate positive operating cash flows. Our cash on hand as of December
31, 2024 was $159,355 and our monthly cash flow burn rate was approximately $45,000. We currently do not believe we will be able to satisfy
our cash needs from our revenues for many years to come.

Our cash, current assets,
total assets, current liabilities, and total liabilities as of December 31, 2024 and 2023, respectively, are as follows:

    December 31, 2024  
    December 31, 2023  
    Change 

    Cash 
    $159,355  
    $290,409  
    $(131,054)
  
    Total Current Assets 
     189,891  
     319,886  
     (129,995)
  
    Total Assets 
     738,366  
     904,062  
     (165,696)
  
    Total Current Liabilities 
     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