Company: TCRG
Filing Date: 2025-09-09
Form Type: 10-Q
Source: 0001185185-25-001156
Chunk: 0

Company: Cannaisseur Group Inc.
Filing Date: 2025-09-09
Form: 10-Q
Item: Item 1
Chunk 0
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Item
1. Financial Statements

The
Cannaisseur Group, Inc. 

Condensed
Consolidated Balance Sheets

    June 30,

    December 31,

    2025

    2024

    (unaudited)

    ASSETS

    Current Assets:

    Cash
     
    $
    2,558

    $
    563

    Accounts receivable

    -

    285

    Inventory

    582

    1,028

    Total current assets

    3,140

    1,876

    TOTAL ASSETS
     
    $
    3,140

    $
    1,876

    LIABILITIES AND STOCKHOLDERS’ DEFICIT

    Current Liabilities:

    Accounts payable and accrued expenses

    310,029

    169,807

    Settlement payable

    9,501

    9,501

    Short-term loan payable - related party

    -

    1,500

    Notes payable, current portion

    7,026

    6,697

    Convertible notes payable - related party, current portion

    80,000

    40,000

    Dividends payable

    1,608

    1,608

    Total current liabilities

    408,164

    229,113

    Long term notes payable, non current portion

    25,134

    25,463

    Convertible notes payable - related party, non current portion

    -

    51,000

    Total long term liabilities

    25,134

    76,463

    TOTAL LIABILITIES

    433,298

    305,576

    Mezzanine Equity

    37,875

    37,875

    Stockholders’ Equity (Deficit)

    Common stock, $0.0001 par value, 500,000,000 shares authorized, 49,756,779 and 44,337,557 shares issued and outstanding as of June 30, 2025 and December 31, 2024, respectively

    4,975

    4,433

    Additional paid in capital

    2,277,816

    1,476,904

    Accumulated deficit

    (2,642,291
    )

    (1,714