WEED, INC.
For the period ended Dec 31, 2024. Filed Mar 31, 2025.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Mar 31, 2025
BUDZStored price and day change unavailable
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Audited Consolidated Balance Sheets
| December 31, | December 31, | |
|---|---|---|
| 2024 | 2023 | |
| ASSETS | ||
| CURRENT ASSETS: | ||
| Cash | $159,355 | $290,409 |
| Prepaid expenses | 26,480 | 24,622 |
| Other current asset | 4,056 | 4,855 |
| TOTAL CURRENT ASSETS | 189,891 | 319,886 |
| Land | 258,319 | 258,319 |
| Building | 218,681 | 218,681 |
| Computers & equipment | 147,771 | 147,771 |
| Property and equipment, gross | 624,771 | 624,771 |
| Less: Accumulated depreciation | (128,417) | (108,431) |
| Property and equipment, net | 496,354 | 516,340 |
| Grower license | 667 | 667 |
| Trademark | 50,000 | 50,000 |
| Intangible assets, gross | 50,667 | 50,667 |
| Less: Accumulated amortization | (17,084) | (14,484) |
| Intangible assets, net | 33,583 | 36,183 |
| ROU asset | 18,538 | 31,653 |
| TOTAL ASSETS | $738,366 | $904,062 |
| LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT) | ||
| CURRENT LIABILITIES | ||
| Accounts payable | $167,552 | $183,565 |
| Accrued expense | 84,900 | 64,778 |
| Accrued officer compensation | 202,750 | 182,500 |
| Accrued interest | 16,851 | 13,000 |
| Notes payable, related parties | 423,328 | 133,073 |
| Notes payable - in default | - | 3,661 |
| Asset retirement obligation | 35,800 | 35,800 |
| Lease liability | 18,538 | 31,653 |
| Due to officer | 9,653 | 723 |
| TOTAL CURRENT LIABILITIES | 959,372 | 648,753 |
| TOTAL LIABILITIES | 959,372 | 648,753 |
| STOCKHOLDERS' EQUITY (DEFICIT) | ||
| Common stock, $0.001 par value, 200,000,000 authorized, 125,432,685 and 123,482,685 issued and outstanding, respectively | 125,433 | 123,483 |
| Additional paid-in capital | 84,166,601 | 83,818,351 |
| Subscription payable | 386,250 | 701,250 |
| Accumulated deficit | (84,903,279) | (84,392,563) |
| Accumulated other comprehensive loss: | ||
| Foreign currency translation | 3,989 | 4,788 |
| TOTAL STOCKHOLDERS' EQUITY | (221,006) | 255,309 |
| TOTAL LIABILITIES & STOCKERHOLDERS' EQUITY | $738,366 | $904,062 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.