Company: TCRG
Filing Date: 2025-03-21
Form Type: 10-K
Source: 0001185185-25-000206
Chunk: 61

Company: Cannaisseur Group Inc.
Filing Date: 2025-03-21
Form: 10-K
Item: Item 1
Chunk 61
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At
December 31, 2024 and 2023, the Company has available net operating loss carryforwards for U.S. federal corporate income tax purposes
of approximately $1,715,000 and $415,000, respectively. U.S. federal net operating losses, if not utilized earlier, expire through 2041.

F-15

11.
Segment Information

The
Company operates in one reportable segment: CBD hemp products for retail. Through its majority owned subsidiary, Atlanta CBD, the Company
offers a variety of CBD wellness products for sale directly to customers via its website. The Company has determined that it operates
in one reportable segment, because the chief operating decision maker (“CODM”) reviews financial information for our entire
consolidated operations when making decisions related to assessing operating performance.

The
accounting policies of the single segment are the same as those described in the summary of significant accounting policies. The Company’s
CODM includes the chief executive officer and chief financial officer. The CODM assesses performance for the single segment based on
gross profit, net income (loss) and significant expenses, as shown below. The measure of segment assets is reported on the balance sheet
as total consolidated assets.

The
Company’s CODM decides how to allocate resources based on gross profit, net income (loss) and significant expenses, comparing budgeted
amounts to actual expenses. Gross profit is used to determine the most profitable products, and which products the company will make
available for sale to customers. Significant expenses and net loss are used to determine resource allocation for maintaining operations
and fostering progress.

    Year Ended 

    December 31, 

    2024  
    2023 

    Revenue, net of discounts 
    $700  
    $53,130 
  
    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 
  
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