Company: QSJC
Filing Date: 2025-03-26
Form Type: 10-K
Source: 0001683168-25-001892
Chunk: 305

Company: TANCHENG GROUP CO., LTD.
Filing Date: 2025-03-26
Form: 10-K
Item: Item 3
Chunk 305
---
 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  
    $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 
     –