Company: BUDZ
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001096906-25-000350
Chunk: 208

Company: WEED, INC.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1B
Chunk 208
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 as of June 30, 2023.

On July 1, 2022, Patrick Brodnik signed executive
employee agreement with the Company, and become one of the related parties since that. On various dates during the third quarter 2022,
the Company received advance of $3,661 from Patrick Brodnik at no interest. From April 2024 to June 2024, the Company paid off the advance
of $3,661.

Services

Nicole M. Breen receives $1,500 a week in cash compensation for her services
rendered to the Company.

Glenn E. Martin receives $8,000 a month in cash compensation for his services
rendered to the Company.

Accrued Compensation

A total of $202,750 and $182,500 of officer compensation
was unpaid and outstanding at December 31, 2024 and December 31, 2023, respectively.

Note 4 – Fair Value of Financial Instruments

Under FASB ASC 820-10-5, fair value is defined as
the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants
at the measurement date (an exit price). The standard outlines a valuation framework and creates a fair value hierarchy in order to increase
the consistency and comparability of fair value measurements and the related disclosures. Under GAAP, certain assets and liabilities must
be measured at fair value, and FASB ASC 820-10-50 details the disclosures that are required for items measured at fair value.

The Company has certain financial instruments that
must be measured under the new fair value standard. The Company’s financial assets and liabilities are measured using inputs from
the three levels of the fair value hierarchy. The three levels are as follows:

Level 1 - Inputs are unadjusted quoted prices in active
markets for identical assets or liabilities that the Company has the ability to access at the measurement date.

Level 2 - Inputs include quoted prices for similar
assets and liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not active,
inputs other than quoted prices that are observable for the asset or liability (e.g., interest rates, yield curves, etc.), and inputs
that are derived principally from or corroborated by observable market data by correlation or other means (market corroborated inputs).

Level 3 - Unobservable inputs that reflect our assumptions
about the assumptions that market participants would use in pricing the asset