Company: BUDZ
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001096906-25-000820
Chunk: 36

Company: WEED, INC.
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 1
Chunk 36
---
 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 or liability. The following schedule summarizes the valuation of financial instruments at fair value on a recurring basis in the balance sheets as of March 31, 2025 and December 31, 2024, respectively: Fair Value Measurements at December 31, 2024   Level 1   Level 2   Level 3  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  $-  Fair Value Measurements at March 31, 2025   Level 1   Level 2   Level 3  Assets         Cash $3,142  $-  $- Intangible assets, net $-  $32,933  $- Total assets $3,142  $32,933  $- Liabilities            Notes payable, related parties $-  $340,891  $- Notes payable $-  $-  $- Total liabilities $-  $340,891  $- 

 13Table of Contents

Note 4 – Fair Value of Financial Instruments (continued)

 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