Company: TCRG
Filing Date: 2025-11-18
Form Type: 10-Q
Source: 0001185185-25-001785
Chunk: 64

Company: Cannaisseur Group Inc.
Filing Date: 2025-11-18
Form: 10-Q
Item: Item 2
Chunk 64
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 accumulated deficit of $3,387,458 and stockholders’
deficit of $153,408. These matters raise substantial doubt about the Company’s ability to continue as a going concern for a period
of one year from the date of this filing. The Company’s ability to continue as a going concern is dependent upon its ability to
obtain the necessary financing to meet its obligations and repay its liabilities arising from normal business operations when they come
due, to fund possible future acquisitions, and to generate profitable operations in the future. Management plans to provide for the Company’s
capital requirements by continuing to issue additional equity and debt securities. The outcome of these matters cannot be predicted at
this time and there are no assurances that, if achieved, the Company will have sufficient funds to execute its business plan or generate
positive operating results. The financial statements do not include any adjustments that might result from the outcome of this uncertainty.

Off-Balance Sheet Arrangements

There are no off-balance sheet arrangements that
have or are reasonably likely to have a current or future effect on our financial condition, changes in financial condition, revenues,
expenses, results of operations, liquidity, capital expenditures or capital resources.

Critical Accounting Policies and Estimates

This discussion and analysis of our financial
condition and results of operations are based on our financial statements that have been prepared under accounting principle generally
accepted in the United States of America. The preparation of financial statements in conformity with accounting principles generally accepted
in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities
and the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and
expenses during the reporting period. Actual results could differ from those estimates.

A summary of significant accounting policies is
included in Note 2 to the consolidated financial statements included in this Registration Statement. Of these policies, we believe that
the following items are the most critical in preparing our financial statements.

21

Consolidation Policy

TCRG relied upon the guidance of ASC 250 Accounting
Changes and Error Corrections (“ASC 250”) and ASC 805 Business Combinations (“ASC 805”) in accounting
for and presenting acquisition of Atlanta CBD. Pursuant to ASC 805-50-05-5, the pooling-of-interests method of accounting provides relevant
guidance when an exchange of shares between entities under common control results in a change in the reporting entity. Under the pooling-of-interests
method, the transferred assets and