Company: QSJC
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001683168-25-006089
Chunk: 19

Company: TANCHENG GROUP CO., LTD.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 19
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048)
  
    Other segment items 
     (1,515) 
     (1,828)
  
    Segment loss 
     (85,159) 
     (93,166)
  
    Reconciliation: 

    Other operating expenses 
     2  
     3 
  
    Net loss 
    $(85,157) 
    $(93,163)

     15 

    For the six months ended  June 30, 

    2025  
    2024 
  
    Segment revenue 
    $163,830  
    $157,135 
  
    Less: 

    Cost of inventories 
     (117,062) 
     (113,625)
  
    Salaries and related costs 
     (74,162) 
     (75,939)
  
    Depreciation 
     (13,260) 
     (13,344)
  
    Legal and professional fees 
     (164,481) 
     (152,746)
  
    Other segment items 
     (2,261) 
     (2,544)
  
    Segment loss 
     (207,396) 
     (201,063)
  
    Reconciliation: 

    Other operating expenses 
     32  
     108 
  
    Net loss 
    $(207,364) 
    $(200,955)

    10.
    COMMITMENTS AND CONTINGENCIES

As of June 30, 2025, the Company did not
make any contractual obligations or arrangements that required a provision or disclosure in these condensed consolidated financial statements. 

    11.
    SUBSEQUENT EVENTS

The Company has evaluated subsequent events from
June 30, 2025 to the date of the release of these condensed consolidated financial statements and has determined that there are no items
to disclose.

 16 

ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS
OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS 

The following management’s discussion
and analysis should be read in conjunction with our financial statements and the notes thereto and the other financial information appearing
elsewhere in this report. Our financial statements are prepared in U.S. dollars and in accordance with U.S. GAAP.

Cautionary Note Regarding Forward-Looking Statements

This Quarterly Report on Form 10-Q contains “forward-looking
statements” within the meaning of