Company: TCRG
Filing Date: 2025-03-21
Form Type: 10-K
Source: 0001185185-25-000206
Chunk: 629

Company: Cannaisseur Group Inc.
Filing Date: 2025-03-21
Form: 10-K
Item: Item 7
Chunk 629
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    Cost of revenue 
     4,275  
     26,976 
  
    Gross profit 
     (3,575) 
     26,154 

    Operating expenses: 

    Professional fees 
     123,917  
     89,396 
  
    Payroll and related costs 
     84,165  
     22,911 
  
    Rent expense 
     -  
     53,637 
  
    Office related expenses 
     4,813  
     16,878 
  
    Consulting services 
     5,950  
     14,441 
  
    Share-based compensation 
     1,042,034  
     - 
  
    Bank fees 
     1,541  
     4,347 
  
    Taxes 
     75  
     5,306 
  
    Advertising and marketing 
     40  
     1,139 
  
    Depreciation 
     -  
     3,822 
  
    Other 
     469  
     4,177 
  
    Total operating expenses 
     1,263,004  
     216,054 

    Other income (expense) 

    Gain on settlement 
     -  
     18,968 
  
    Interest expense 
     (6,427) 
     (1,654)
  
    Total other income (expense) 
     (6,427) 
     17,314 

    Net loss 
    $(1,273,006) 
    $(172,586)

    Reconciliation of loss 

    Adjustments and reconciling items 
     -  
     - 
  
    Net loss 
    $(1,273,006) 
    $(172,586)

    Other segment disclosures: 

    Segment assets 
    $1,876  
    $43,693 

F-16

12.
Commitments and Contingencies

Legal
Matters

The
Company leased its retail store in Atlanta, Georgia under a five-year lease executed on January 24, 2019. The monthly cash payment for
this operating lease was approximately $2,000 per month, with the lease term ending on December 24, 2023. On August 14, 2023, the Landlord
initiated a civil action against the Company