Company: TCRG
Filing Date: 2025-07-21
Form Type: 10-Q
Source: 0001185185-25-000810
Chunk: 46

Company: Cannaisseur Group Inc.
Filing Date: 2025-07-21
Form: 10-Q
Item: Item 2
Chunk 46
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 in Atlanta,
Georgia and through e-commerce. Revenue is recognized based on the following model:

1. Atlanta CBD sells products at their one retail
location and via web site sales. A sale agreement exists when the customer purchases the product at the counter or via an online purchase.
The price for and product to be received are known at time of purchase.

2. The performance obligations are to provide
the product for the customer at the counter or ship the product to the customer. The product is shipped on the day of sale.

3. The price of the product is located on the
label or presented on the web site and therefore is known at the time of purchase.

4. The price of the product is properly allocated
to the sole performance of providing the product.

5. Revenue is recognized in the retail location
at the point of sale where money is collected and the product is in control of customer and from the web site upon settlement of the credit
card transaction, which is effectively at the time of purchase.

Use of Estimates

Management uses estimates and assumptions in preparing
these financial statements in accordance with U.S. generally accepted accounting principles. Those estimates and assumptions affect the
reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities, and the reported revenues and expenses.

Most Recent Accounting Pronouncements

Refer to Note 2 in the accompanying consolidated
financial statements.

Impact of Most Recent Accounting Pronouncements

There were no recent accounting pronouncements
that have had a material effect on the Company’s financial position or results of operations.

Item 3. Quantitative and Qualitative Disclosures
About Market Risk

Not applicable.

Item 4. Controls and Procedures

Disclosure Controls and Procedures

Our disclosure controls and procedures are designed
to ensure that information required to be disclosed in reports that we file or submit under the Exchange Act is recorded, processed, summarized
and reported within the time periods specified in the rules and forms of the SEC. Ms. Floretta Gogo, our Chief Executive Officer, and
Mr. Xavier Carter, our Chief Financial Officer, have reviewed the effectiveness of our “disclosure controls and procedures”
(as defined in the Exchange Act Rules 13(a)-15(e) and 15(d)-15(e)) as of the end of the period covered by this Quarterly Report on Form
10-Q and have concluded that our disclosure controls and procedures are not effective to ensure that material information relating to
the Company is recorded, processed, summarized, and reported in a timely manner.

Changes in Internal Controls over Financial