Company: QSJC
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001683168-25-008383
Chunk: 49

Company: TANCHENG GROUP CO., LTD.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 8
Chunk 49
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803) 
     (102,972)
  
    Salaries and related costs 
     (38,999) 
     (36,676)
  
    Depreciation 
     (6,718) 
     (6,713)
  
    Legal and professional fees 
     (40,647) 
     (47,835)
  
    Other segment items 
     (731) 
     (5,580)
  
    Segment loss 
     (71,700) 
     (54,012)
  
    Reconciliation: 

    Other operating income 
     4  
     71 
  
    Net loss 
    $(71,696) 
    $(53,941)

    For the nine months ended  September 30, 

    2025  
    2024 
  
    Segment revenue 
    $216,028  
    $302,899 
  
    Less: 

    Cost of inventories 
     (153,865) 
     (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