Company: TCRG
Filing Date: 2025-03-21
Form Type: 10-K
Source: 0001185185-25-000206
Chunk: 262

Company: Cannaisseur Group Inc.
Filing Date: 2025-03-21
Form: 10-K
Item: Item 1C
Chunk 262
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3, the Company sold 333,334 shares of common stock in a private placement for gross proceeds of $10,000.

On
February 9, 2023, February 17, 2023, and March 9, 2023, the Company received capital contributions from a related party in the amounts
of $1,797, $3,705 and $5,000, respectively.

On
April 27, 2023, the Company issued 914,286 shares of common stock to a related party for cash proceeds in the amount of $20,000 ($0.022
per share).

On
May 10, 2023, the Company sold 1,066,666 shares of common stock at a price of $0.015 per share for cash proceeds of $16,000 to each of
two investors (a total of 2,133,332 shares of common stock for aggregate cash proceeds of $32,000).

On
October 7, 2023, the Company sold 416,933 shares of common stock at a price of $0.015 per share for cash proceeds of $6,254.

On
October 10, 2023, the Company sold 416,933 shares of common stock at a price of $0.015 per share for cash proceeds of $6,254.

On
November 10, 2023, the Company sold 168,666 shares of common stock at a price of $0.015 per share for cash proceeds of $2,500.

On
December 28, 2023, the Company sold 967,333 shares of common stock at a price of $0.015 per share for cash proceeds of $14,510.

10.
Income Taxes

Deferred
income taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial
reporting purposes and the amounts used for income tax purposes. Significant components of the Company’s deferred tax assets as
of December 31, 2024 and 2023 are summarized below.

    December 31, 2024

    December 31, 2023

    Net operating loss carryforwards
     
    $
    1,715,000

    $
    415,000

    1,715,000

    415,000

    Valuation allowance

    (1,715,000
    )

    (415,000
    )
  
    Net