Company: QSJC
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001683168-25-006089
Chunk: 0

Company: TANCHENG GROUP CO., LTD.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 0
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TANCHENG GROUP CO., LTD.

CONDENSED CONSOLIDATED BALANCE SHEETS

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

AS OF JUNE 30, 2025 (UNAUDITED) AND DECEMBER
31, 2024 (AUDITED)

    June 30, 2025  
    December 31, 2024 
  
    ASSETS 

    Current assets: 

    Cash and cash equivalents 
    $17,444  
    $100,653 
  
    Other receivables 
     101  
     253 
  
    Inventories 
     1,360,526  
     1,303,273 
  
    Advance to suppliers 
     70,853  
     74,958 
  
    Total current assets 
     1,448,924  
     1,479,137 

    Non-current assets: 

    Motor vehicle 
     83,136  
     94,766 
  
    Total non-current assets 
     83,136  
     94,766 
  
    Total assets 
    $1,532,060  
    $1,573,903 

    LIABILITIES AND DEFICIT 

    Current liabilities: 

    Accounts payable 
    $–  
    $61,265 
  
    Other payables and accruals 
     11,698  
     12,180 
  
    Advance from customers 
     58,628  
     51,237 
  
    Amounts due to related parties 
     3,145,651  
     2,905,364 
  
    Total current liabilities 
     3,215,977  
     3,030,046 
  
    Total liabilities 
     3,215,977  
     3,030,046 

    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 June 30, 2025 and December 31, 2024) 
     4,382  
     4,382 
  
    Additional paid in capital 
     162,864