Company: BUDZ
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001096906-25-001331
Chunk: 44

Company: WEED, INC.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 2
Chunk 44
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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 the six months ended June 30, 2024, compared to the six months ended June 30, 2025. Our net operating loss increased by $213,774, from $(315,008) to $(528,782) for the same period. The increase in our comprehensive net loss and operating loss is primarily a result of increases in general and administrative expenses and professional fees. These changes are detailed below.

Revenue

We have not had any revenues since our inception. Once we have sufficient funding, we plan to research and possibly enter the hemp and infused beverage industry through our newly acquired property in New York, and conduct Sangre’s Cannabis Genomic Study and process those result. In the long-term we plan to be a company focused on purchasing land and building commercial grade “Cultivation Centers” to consult, assist, manage & lease to licensed dispensary owners and organic grow operators on a contract basis, with a concentration on the legal and medical marijuana (Cannabis) sector. Our long-term plan is to become a True “Seed-to-Sale” company providing infrastructure, financial solutions and real estate options in