Company: QSJC
Filing Date: 2025-03-26
Form Type: 10-K
Source: 0001683168-25-001892
Chunk: 127

Company: TANCHENG GROUP CO., LTD.
Filing Date: 2025-03-26
Form: 10-K
Item: Item 1A
Chunk 127
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     124,568 
  
    Total non-current assets 
     94,766  
     124,568 
  
    Total assets 
    $1,573,903  
    $3,501,553 

    LIABILITIES AND DEFICIT 

    Current liabilities: 

    Accounts payable 
    $61,265  
    $153,572 
  
    Other payables and accruals 
     12,180  
     12,553 
  
    Advance from customers 
     51,237  
     142,889 
  
    Amounts due to related parties 
     2,905,364  
     4,387,838 
  
    Total current liabilities 
     3,030,046  
     4,696,852 
  
    Total liabilities 
     3,030,046  
     4,696,852 

    COMMITMENTS AND CONTINGENCIES 
     –  
     – 

    DEFICIT 

    Share capital (75,000,000 shares of Common Stock, par value $0.001 per share, authorized, of which 4,381,550 shares are issued and outstanding as of December 31, 2024 and 2023) 
     4,382  
     4,382 
  
    Additional paid in capital 
     162,864  
     162,864 
  
    Foreign currency translation reserves 
     77,997  
     50,681 
  
    Accumulated deficit 
     (1,701,386) 
     (1,413,226)
  
    Total deficit 
     (1,456,143) 
     (1,195,299)
  
    Total liabilities and deficit 
    $1,573,903  
    $3,501,553 

The accompanying notes are an integral part of
the consolidated financial statements.

 F-2 

TANCHENG GROUP CO., LTD.

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE
LOSS

(In U.S. Dollars, except share data or otherwise
stated)

FOR THE YEARS ENDED DECEMBER 31, 2024 AND 2023

    Years ended December 31, 

    2024  
    2023 
  
    REVENUE 
    $502,550