Company: TCRG
Filing Date: 2025-03-21
Form Type: 10-K
Source: 0001185185-25-000206
Chunk: 263

Company: Cannaisseur Group Inc.
Filing Date: 2025-03-21
Form: 10-K
Item: Item 1C
Chunk 263
---
 deferred tax assets
     
    $
    -

    $
    -

In
assessing the potential realization of deferred tax assets, management considers whether it is more likely than not that some portion
or all of the deferred tax assets will be realized. The ultimate realization of deferred tax assets is dependent upon the Company attaining
future taxable income during the periods in which those temporary differences become deductible. As of December 31, 2023 and 2022, management
was unable to determine if it is more likely than not that the Company’s deferred tax assets will be realized and has therefore
recorded an appropriate valuation allowance against deferred tax assets at such dates.

No
U.S. federal tax provision has been provided for the Company for the years ended December 31, 2024 and 2023 due to the losses incurred
during the periods.

The
reconciliation below presents the difference between the income tax rate computed by applying the U.S. federal statutory rate and the
effective tax rate for the years ended December 31, 2024 and 2023.

    December 31, 2024  
    December 31, 2023 
  
    U. S. federal statutory tax rate 
     (21.0)% 
     (21.0)%
  
    Change in valuation allowance 
     21.0% 
     21.0%
  
    Effective tax rate 
     0.0% 
     0.0%

At
December 31, 2024 and 2023, the Company has available net operating loss carryforwards for U.S. federal corporate income tax purposes
of approximately $1,715,000 and $415,000, respectively. U.S. federal net operating losses, if not utilized earlier, expire through 2041.

F-15

11.
Segment Information

The
Company operates in one reportable segment: CBD hemp products for retail. Through its majority owned subsidiary, Atlanta CBD, the Company
offers a variety of CBD wellness products for sale directly to customers via its website. The Company has determined that it operates
in one reportable segment, because the chief operating decision maker (“CODM”) reviews financial information for our entire
consolidated operations when making decisions related to assessing operating performance.

The
accounting policies of the single segment are the same as those described in the summary of significant accounting policies. The Company’s
CODM includes the chief executive officer and chief financial officer. The CODM