Company: TCRG
Filing Date: 2025-03-21
Form Type: 10-K
Source: 0001185185-25-000206
Chunk: 111

Company: Cannaisseur Group Inc.
Filing Date: 2025-03-21
Form: 10-K
Item: Item 1A
Chunk 111
---
 of which
may affect our working capital requirements.

Inflation

The
amounts presented in our consolidated financial statements do not provide for the effect of inflation on our operations or financial
position. The net operating losses shown would be greater than reported if the effects of inflation were reflected either by charging
operations with amounts that represent replacement costs or by using other inflation adjustments.

Going
Concern

The
accompanying financial statements have been prepared on a going concern basis. For the twelve months ended December 31, 2024, the Company
had a net loss of $1,273,006, net cash used in operating activities of $110,627, negative working capital of $227,237, an accumulated
deficit of $1,714,976 and total stockholders’ deficit of $341,575. 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