Company: BUDZ
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001096906-25-000350
Chunk: 227

Company: WEED, INC.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1C
Chunk 227
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, or file a registration statement, we would expect these fees to substantially increase during that period.

Depreciation and Amortization

During the year ended December
31, 2024, we had depreciation and amortization of $22,586, compared to $52,392 in the year ended December 31, 2023. The depreciation and
amortization expense primarily relates to our properties and trademark acquisitions.

Interest Expense

Interest expense decreased to ($15,325) from ($45,374) for the
year ended December 31, 2024 compared to the same period in 2023. Our interest expense primarily relates to notes payable from attorneys
and related parties.

Gain on Disposal of Fixed
Assets

During the year ended December
31, 2023, we had gain disposal of fixed assets of $988,375, compared to nil in the year ended December 31, 2024.. The gain on disposal
of fixed assets in 2023 relates to the sale of company-owned residential property near La Veta, Colorado.

24

Other Income 

During the year ended December 31, 2024, the Company received a $35,000 settlement from the Titan laboratory deal. This amount represents
refunds from the prepaid rent of a purchase deal that fell through in 2023.

Liquidity and Capital Resources

Introduction

During the years ended December
31, 2024 and 2023, because of our operating losses, we did not generate positive operating cash flows. Our cash on hand as of December
31, 2024 was $159,355 and our monthly cash flow burn rate was approximately $45,000. We currently do not believe we will be able to satisfy
our cash needs from our revenues for many years to come.

Our cash, current assets,
total assets, current liabilities, and total liabilities as of December 31, 2024 and 2023, respectively, are as follows:

    December 31, 2024  
    December 31, 2023  
    Change 

    Cash 
    $159,355  
    $290,409  
    $(131,054)
  
    Total Current Assets 
     189,891  
     319,886  
     (129,995)
  
    Total Assets 
     738,366  
     904,062  
     (165,696)
  
    Total Current Liabilities