Company: BUDZ
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001096906-25-000350
Chunk: 165

Company: WEED, INC.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1B
Chunk 165
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557
    )
  
    Other comprehensive income (loss)

    799

    5,576

    Comprehensive loss
     
    $
    (509,917
    )
     
    $
    (25,981
    )

23

Operating Loss; Net Loss

Our comprehensive net loss
increased by $483,936, from ($25,981) to ($509,917), from the year ended 2023 compared to 2024. Our operating loss decreased by $230,321,
from ($770,568) to ($592,992) for the same period. The increase in comprehensive net loss is primarily a result of the fact we had a one-time
gain on disposal of fixed assets of $988,375 in 2023 that we did not have in 2024. The decrease in operating loss is primarily a result
of decreases in general and administrative expenses and professional fees. These changes are detailed below.

Revenue

We have not had any revenues
since our inception.. Once we have sufficient funding, we plan to research and possibly enter the hemp and infused beverage industry through
our newly acquired property in New York, and conduct Sangre’s Cannabis Genomic Study and process those result. In the long-term
we plan to be a company focused on purchasing land and building commercial grade “Cultivation Centers” to consult, assist,
manage & lease to licensed dispensary owners and organic grow operators on a contract basis, with a concentration on the legal and
medical marijuana (Cannabis) sector. Our long-term plan is to become a True “Seed-to-Sale” company providing infrastructure,
financial solutions and real estate options in this new emerging market, worldwide. We plan to make our brand global and therefore we
will look for opportunities to conduct future research, marketing, import and exporting, and manufacturing of any proprietary products
on an international level.

General and Administrative
Expenses

General and administrative
expenses decreased by $43,501, from $394,617 for the year ended December 31, 2023 to $351,116 for the year ended December 31, 2024, primarily
due to decreases in our consulting services and salary.

Professional Fees

Our professional fees decreased
by 167,269 during the year ended December 31, 2024 compared to the year ended December 31, 2023. Our professional fees were $156,290 for
the year ended December 31, 2024 and