Company: TCRG
Filing Date: 2025-03-21
Form Type: 10-K
Source: 0001185185-25-000206
Chunk: 175

Company: Cannaisseur Group Inc.
Filing Date: 2025-03-21
Form: 10-K
Item: Item 1B
Chunk 175
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 price for and product to be received are known at time of purchase.

2.
The performance obligations are to provide the product for the customer at the counter or ship the product to the customer. The product
is shipped on the day of sale.

3.
The price of the product is located on the label or presented on the web site and therefore is known at the time of purchase.

4.
The price of the product is properly allocated to the sole performance of providing the product.

5.
Revenue is recognized in the retail location at the point of sale where money is collected and the product is in control of customer
and from the web site upon settlement of the credit card transaction, which is effectively at the time of purchase.

Use
of Estimates

Management
uses estimates and assumptions in preparing these financial statements in accordance with U.S. generally accepted accounting principles.
Those estimates and assumptions affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities,
and the reported revenues and expenses.

Most
Recent accounting pronouncements

Refer
to Note 2 in the accompanying consolidated financial statements.

Impact
of Most Recent Accounting Pronouncements

There
were no recent accounting pronouncements that have had a material effect on the Company’s financial position or results of operations.

Item
7A. Quantitative and Qualitative Disclosures About Market Risk

Not
applicable.

25

Item
8. Financial Statements and Supplementary Data

REPORT
OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

To
the Board of Directors and

Shareholders
of The Cannaisseur Group, Inc.

Opinion
on the Financial Statements

We
have audited the accompanying consolidated balance sheets of The Cannaisseur Group, Inc. (the Company) as of December 31, 2024 and 2023,
and the related consolidated statements of operations, changes stockholders’ equity / (deficit), and cash flows for each of the
years in the two-year period ended December 31, 2024 and the related notes (collectively referred to as the financial statements). In
our opinion, the financial statements present fairly, in all material respects, the financial position of the Company as of December
31, 2024 and 2023 and the results of its operations and its cash flows for each of the years in the two-year period ended December 31,
2024 in conformity with accounting principles generally accepted in the United States of America.

Going
Concern

The
accompanying financial statements have been prepared