Company: QSJC
Filing Date: 2025-03-26
Form Type: 10-K
Source: 0001683168-25-001892
Chunk: 392

Company: TANCHENG GROUP CO., LTD.
Filing Date: 2025-03-26
Form: 10-K
Item: Item 5
Chunk 392
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     (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  
    $1,969,094 

    COST OF REVENUE 
     (365,606) 
     (1,608,247)

    GROSS PROFIT 
     136,944  
     360,847 

    Selling and marketing expenses 
     (27,645) 
     (27,714)
  
    General and administrative expenses 
     (397,782) 
     (623,879)
  
    Total operating expenses 
     (425,427) 
     (651,593)

    LOSS FROM OPERATIONS 
     (288,483) 
     (290,746)

    OTHER INCOME 
     323  
     1,080 

    LOSS BEFORE INCOME TAXES 
     (288,160) 
     (289,666)

    INCOME TAXES 
     –  
     – 
  
    NET LOSS 
    $(288,160) 
    $(289,666)

    Foreign currency translation differences 
     27,316  
     24,276 
  
    TOTAL COMPREHENSIVE LOSS 
    $(260,844) 
    $(265,390)

    Loss per share: 

    Basic and Diluted 
    $(0.07) 
    $(0.07)

    Weighted average number of shares used in computation: 

    Basic and Diluted 
     4,381,550  
     4,381,550 

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

 F-3 

TANCHENG GROUP CO., LTD.

CONSOLIDATED STATEMENTS OF CHANGES IN DEFICIT

(In U.S. Dollars, except share