Company: BUDZ
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001096906-25-001331
Chunk: 46

Company: WEED, INC.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 2
Chunk 46
---
  December 31,2024  Change           Cash $5,350  $159,355  $(154,005)Total Current Assets  18,482   189,891   (171,409)Total Assets  548,906   738,366   (189,460)Total Current Liabilities  996,833   959,372   (37,461)Total Liabilities $996,833  $959,372  $(37,461)

Our total assets decreased by $189,460 as of June 30, 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 $37,461, as of June 30, 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 $5,350 and $159,355 as of June 30, 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 $70,519 for the six months ended June 30, 2025, as compared to $259,451 for the six months ended June 30, 2024. For the period in 2025, the net cash used in operating activities consisted primarily of our net loss of $(548,071), adjusted by depreciation and amortization of $11,243, debt discount amortization of $5,127, estimated fair value of stock based compensation and shares issued for services of $300,000 and $15,000, respectively, and accrued expenses of $98,423. For the period in 2024, the net cash used in operating activities consisted primarily of our net loss of $(281,605