Company: TCRG
Filing Date: 2025-09-09
Form Type: 10-Q
Source: 0001185185-25-001156
Chunk: 56

Company: Cannaisseur Group Inc.
Filing Date: 2025-09-09
Form: 10-Q
Item: Item 2
Chunk 56
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 consideration
to which the entity expects to be entitled in exchange for those goods or services. In addition, the standard requires disclosures of
the nature, amount, timing and uncertainty of revenue and cash flows arising from contracts with customers. Atlanta CBD sells CBD related
products in a retail location 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.

21

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)