Company: TCRG
Filing Date: 2025-07-21
Form Type: 10-Q
Source: 0001185185-25-000810
Chunk: 21

Company: Cannaisseur Group Inc.
Filing Date: 2025-07-21
Form: 10-Q
Item: Item 1
Chunk 21
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 revenue 
     164  
     2,009 
  
    Gross profit 
     (164) 
     (1,594)

    Operating expenses: 

    Professional fees 
     62,118  
     43,667 
  
    Payroll and related costs 
     81,330  
     5,762 
  
    Office related expenses 
     867  
     2,777 
  
    SEC filing related fees 
     2,361  
     1,575 
  
    Share-based compensation 
     700,000  
     30,000 
  
    Bank fees 
     139  
     181 
  
    Taxes 
     -  
     75 
  
    Advertising & marketing 
     -  
     40 
  
    Other 
     93  
     119 
  
    Total operating expenses 
     846,908  
     84,196 

    Other expense: 

    Interest expense 
     1,711  
     1,540 
  
    Total other expense 
     1,711  
     1,540 

    Net loss 
    $(848,783) 
    $(87,330)

    Reconciliation of loss 

    Adjustments and reconciling items 
     -  
     - 
  
    Net loss 
    $(848,783) 
    $(87,330)

16

11. Commitments and Contingencies

Legal Matters

The Company leased its retail store in Atlanta,
Georgia under a five-year lease executed on January 24, 2019. The monthly cash payment for this operating lease was approximately $2,000
per month, with the lease term ending on December 24, 2023. On August 14, 2023, the Landlord initiated a civil action against the Company
and Guarantors styled AP 1039 Grant St., LLC v. Inno Medicinals LLC, a/k/a InnoMedicals Atlanta CBD, Inc., Xavier Carter, and Floretta
Gogo, State Court of DeKalb County, Georgia, Case No. 23A03681 for failing to pay amounts owed under the lease. The Company and Guarantors
filed counterclaims against the Landlord for breach of fiduciary duties, breach of contract, and attorney’s fees.

On October 18, 2023,