Company: BUDZ
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001096906-25-001331
Chunk: 30

Company: WEED, INC.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 30
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 months ended June 30, 2024. Our depreciation and amortization expense primarily relates to our property and trademark acquisitions.

Interest Expense

Interest expense increased from $(1,198) for the six months ended June 30, 2024 to $(19,289) for the six months ended June 30, 2025. Our interest expense primarily relates to notes payable from related parties.

Liquidity and Capital Resources

Introduction

During the six months ended June 30, 2025, because of our operating losses, we did not generate positive operating cash flows. Our cash on hand as of June 30, 2025 was $5,350 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 June 30, 2025, and December 31, 2024, respectively, are as follows:

  June 30, 2025  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, 202