Company: BUDZ
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001096906-25-001331
Chunk: 31

Company: WEED, INC.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 31
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5 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), adjusted by depreciation and amortization of $11,343, debt discount amortization of $5,127, estimated fair value of stock based compensation and shares issued for services of $20,000 and $14,000, respectively,and further adjusted by accrued expenses of $(29,836).

Investments

For the six months ended June 30, 2025 and 2024, we had no cash flows provided from investing activities.

Financing

Our net cash used in financing activities for the six months ended June 30, 2025, was $(82,300), compared to $(15,000) for the six months ended June 30, 2024. For the period in 2025, our financing activities related to proceeds of note payable of $47,000, offset by repayments of notes payable-related party of $(130,000). For the period in 2024, our financing activities related to repayments of notes payable-related party of $(15,000).

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Off Balance Sheet Arrangements

We have no off balance sheet arrangements.

ITEM 3 Quantitative and Qualitative Disclosures About Market Risk 

As a smaller reporting company, we are not required to provide the information required by this Item.

ITEM 4 Controls and Procedures 

(a) Evaluation of Disclosure Controls Procedures

Disclosure controls and procedures (as defined in