Company: QSJC
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001683168-25-008383
Chunk: 20

Company: TANCHENG GROUP CO., LTD.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 1
Chunk 20
---
     (216,597)
  
    Salaries and related costs 
     (113,160) 
     (112,615)
  
    Depreciation 
     (19,978) 
     (20,057)
  
    Legal and professional fees 
     (205,128) 
     (200,581)
  
    Other segment items 
     (2,993) 
     (8,124)
  
    Segment loss 
     (279,096) 
     (255,075)
  
    Reconciliation: 

    Other operating income 
     36  
     179 
  
    Net loss 
    $(279,060) 
    $(254,896)

    10.
    COMMITMENTS AND CONTINGENCIES

As of September 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 September
30, 2025 to the date of the release of these condensed consolidated financial statements and has determined that there are no items to
disclose.

 17 

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 the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Because
they discuss future events or conditions, forward-looking statements may include words such as “anticipate,” “believe,”
“estimate,” “intend,” “could,” “should,” “would,” “may,” “seek,”
“plan,” “might,” “will,” “pursue,” “expect,” “predict,” “project,”
“goals,” “strategy,” “future,” “likely,” “forecast,” “potential,”
“continue,” negatives thereof or similar references to future periods. Examples of forward-looking statements include, among
others, statements we make regarding business strategies, macro-economic and sector-specific trends,