Company: BUDZ
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001096906-25-000350
Chunk: 347

Company: WEED, INC.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 3
Chunk 347
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, worldwide. We plan to make our brand global and therefore we
will look for opportunities to conduct future research, marketing, import and exporting, and manufacturing of any proprietary products
on an international level.

General and Administrative
Expenses

General and administrative
expenses decreased by $43,501, from $394,617 for the year ended December 31, 2023 to $351,116 for the year ended December 31, 2024, primarily
due to decreases in our consulting services and salary.

Professional Fees

Our professional fees decreased
by 167,269 during the year ended December 31, 2024 compared to the year ended December 31, 2023. Our professional fees were $156,290 for
the year ended December 31, 2024 and $323,559 for the year ended December 31, 2023. 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 year ended December
31, 2024, we had depreciation and amortization of $22,586, compared to $52,392 in the year ended December 31, 2023. The depreciation and
amortization expense primarily relates to our properties and trademark acquisitions.

Interest Expense

Interest expense decreased to ($15,325) from ($45,374) for the
year ended December 31, 2024 compared to the same period in 2023. Our interest expense primarily relates to notes payable from attorneys
and related parties.

Gain on Disposal of Fixed
Assets

During the year ended December
31, 2023, we had gain disposal of fixed assets of $988,375, compared to nil in the year ended December 31, 2024.. The gain on disposal
of fixed assets in 2023 relates to the sale of company-owned residential property near La Veta, Colorado.

24

Other Income 

During the year ended December 31, 2024, the Company received a $35,000 settlement from the Titan laboratory deal. This amount represents
refunds from the prepaid rent