Company: BUDZ
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001096906-25-001331
Chunk: 28

Company: WEED, INC.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 28
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. These fees are largely related to fees paid for legal and accounting services, along with compensation to independent contractors. We expect these fees to vary quarter-to-quarter as our business and stock price fluctuate if we continue to use stock-based compensation. In the event we undertake an unusual transaction, such as an acquisition, securities offering, or file a registration statement, we would expect these fees to substantially increase during that period.

Depreciation and Amortization

During the three months ended June 30, 2025, we had depreciation and amortization expense of $5,621, compared to $8,185 in the three months ended June 30, 2024. Our depreciation and amortization expense primarily relates to our property and trademark acquisitions.

Interest Expense

Interest expense increased from $(599) for the three months ended June 30, 2024, to $(13,571) for the three months ended June 30, 2025. Our interest expense primarily relates to notes payable from related parties.

Six Months Ended June 30, 2025 Compared to Six Months Ended June 30, 2024

Results of Operations

  Six Months EndedJune 30,   2025  2024 Revenue $-  $-          Operating expenses:                 General and administrative  447,320   221,861 Professional fees  70,219   76,677 Depreciation and amortization  11,243   16,470 Total operating expenses  528,782   315,008          Net operating loss  (528,782 )  (315,008 )         Other income (expense)        Interest expense  (19,289 )  (1,198 )Other income  -   35,000 Total other income (expense) $19,289  $33,802          Net Loss before income tax $(548,071 ) $(281,206 )         Income Tax Expense  -   399          Net Loss $(548,071 )  (281,605 )         Other Comprehensive Income (Loss)  1,187 )  (787)         Comprehensive Loss $(546,884 ) $(282,392 )

Operating Loss; Net Loss

Our comprehensive net loss increased by $264,492, from $(282,392) to $(546,884), from