Company: BUDZ
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001096906-25-000350
Chunk: 211

Company: WEED, INC.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1B
Chunk 211
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     667 
  
    Less: Accumulated amortization 
     (17,084) 
     (14,484)
  
    Total other intangibles, Net 
     33,583  
     36,183 

Amortization expense totaled $2,600 and $2,460 for
the years ended December31, 2024 and 2023, respectively.

Note 7 – Notes Payable, Related Parties

Notes payable, related parties consist of the following at December 31,
2024 and December 31, 2023, respectively:

     Schedule of notes payable, related party 

    December 31, 2024  
    December 31, 2023 
  
    On April 12, 2010, the Company received an unsecured, non-interest-bearing loan in the amount of $2,000, due on demand from Robert Leitzman. Interest is being imputed at the Company’s estimated borrowing rate, or 10% per annum. The largest aggregate amount outstanding was $2,000 during the periods ended December 31, 2019 and December 31, 2018. Mr. Leitzman owns less than 1% of the Company’s common stock, however, the Mr. Leitzman is deemed to be a related party given the non-interest-bearing nature of the loan and the materiality of the debt at the time of origination. 
    $2,000  
     2,000 

    Over various dates in 2011 and 2012, the Company received unsecured loans in the aggregate amount of $10,000, due on demand, bearing interest at 10%, from Sandra Orman. The largest aggregate amount outstanding was $10,000 during the periods ended December 31, 2019 and December 31, 2018. Mrs. Orman owns less than 1% of the Company’s common stock, however, Mrs. Orman is deemed to be a related party given the nature of the loan and the materiality of the debt at the time of origination. 
    $10,000  
     10,000 

    On various dates in 2024, the company received the aggregate amount of $305,000 of advances, bearing interest at 5% and 12%, from Glenn Martin. 
    $305,000  
    $- 

    On May 2, 2022,