Company: BUDZ
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001096906-25-000820
Chunk: 65

Company: WEED, INC.
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 2
Chunk 65
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 the period in 2025, the net cash used in operating activities consisted primarily of our net loss of $(440,455), adjusted by depreciation and amortization of $5,622, debt discount amortization of $2,563, estimated fair value of stock based compensation and shares issued for services of $300,000 and $15,000, respectively, and accrued expenses of $44,456. For the period in 2024, the net cash used in operating activities consisted primarily of our net loss of $(170,652), adjusted by depreciation and amortization of $5,721, debt discount amortization of $2,564, estimated fair value of shares issued for services of $22,500,  and further adjusted by accrued expenses of $(46,999).

Investments

For the three months ended March 31, 2025 and 2024, we had no cash flows provided from investing activities. 

Financing

Our net cash used in financing activities for the three months ended March 31, 2025, was $(84,300), compared to $(10,000) for the three months ended March 31, 2024. For the period in 2025, our financing activities related to proceeds of note payable of $45,000, offset by repayments of notes payable-related party of $(130,000). For the period in 2024, our financing activities related to repayments of notes payable-related party of $(10,000).

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Off Balance Sheet Arrangements

We have no off balance sheet arrangements.

ITEM 3 Quantitative and Qualitative Disclosures About Market Risk 

As a smaller reporting company, we are not required to provide the information required by this Item.

ITEM 4 Controls and Procedures 

(a) Evaluation of Disclosure Controls Procedures

Disclosure controls and procedures (as defined in Rules 13a-15(e) and 15d-15(e) under the Exchange Act) are designed to ensure that information required to be disclosed in reports filed or submitted under the Exchange Act is recorded, processed, summarized and reported within the time periods specified in SEC rules and forms. Disclosure and control procedures are also designed to ensure that such information is accumulated and communicated to management, including the chief executive officer and chief financial officer, to allow timely decisions regarding required disclosures.

As of March 31, 2025, we carried out an evaluation, under the supervision and with the participation of management, including our chief executive officer (