Company: BUDZ
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001096906-25-000820
Chunk: 64

Company: WEED, INC.
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 2
Chunk 64
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 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, 2025, as compared to December 31, 2024. This decrease was primarily due to decreases in notes payable, related parties and partially offset by increases in accrued officer compensation.

In order to pay 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 $3,142 and $159,355 as of March 31, 2025 and December 31, 2024, respectively. Based on our lack of revenues, our cash on hand and current monthly burn rate of approximately $52,000, 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 $71,838 for the three months ended March 31, 2025, as compared to $177,730 for the three months ended March 31, 2024. For