Company: BUDZ
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001096906-25-000350
Chunk: 331

Company: WEED, INC.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 2
Chunk 331
---
    Assets 

    Cash 
    $159,355  
    $-  
    $- 
  
    Intangible assets, net 
    $-  
    $33,583  
    $- 
  
    Total assets 
    $159,355  
    $33,583  
    $- 
  
    Liabilities 

    Notes payable, related parties 
        
    $423,328  

    Notes payable 
    $-  
    $-  
    $- 
  
    Total liabilities 
    $-  
    $423,328  
    $- 

The fair values of our related party debts are deemed
to approximate book value and are considered Level 2 inputs as defined by ASC Topic 820-10-35.

There were no transfers of financial assets or liabilities
between Level 1, Level 2 and Level 3 inputs for the year ended December 31, 2024 and 2023.

Note 5 – Property and Equipment

Property and equipment consist of the following at
December 31, 2024 and December 31, 2023, respectively:

    Schedule of property and equipment 

    December 31,  
    December 31, 

    2024  
    2023 

    Office equipment 
     8,666  
     8,666 
  
    Furniture & Fixtures 
     5,479  
     5,479 
  
    Lab equipment 
     133,626  
     133,626 

    Land 
     258,319  
     258,319 
  
    Property 
     218,681  
     218,681 
  
    Property and equipment, gross 
     624,771  
     624,771 
  
    Less accumulated depreciation 
     (128,417) 
     (108,431)
  
    Property and equipment, net 
    $496,354  
    $516,340 

On July 24, 2023, the Company sold another La Veta
property for $1,800,000 and $988,375 was record as gain on sale.

Depreciation expense totaled $19,986 and $49,791 for
the years ended December 31, 2024 and 2023, respectively.

F-12

Note 6 – Intangible Assets

Intang