Company: TCRG
Filing Date: 2025-11-18
Form Type: 10-Q
Source: 0001185185-25-001785
Chunk: 30

Company: Cannaisseur Group Inc.
Filing Date: 2025-11-18
Form: 10-Q
Item: Item 1
Chunk 30
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     477 
  
    Total operating expenses 
     690,209  
     20,953  
     1,614,324  
     1,174,730 

    Other income (expense) 

    Gain on settlement of accounts payable 
     3,800  
     —  
     3,800  
     — 
  
    Loss on conversion of related party debt 
     (23,282) 
     —  
     (23,282) 
     — 
  
    Loss on settlement of mezzanine equity 
     (68,175) 
     —  
     (68,175) 
     — 
  
    Interest expense 
     (686) 
     (1,626) 
     (4,037) 
     (4,726)
  
    Total other income (expense) 
     (88,343) 
     (1,626) 
     (91,694) 
     (4,726)

    Net loss 
     (778,824) 
     (22,962) 
     (1,706,736) 
     (1,181,918)

    Reconciliation of loss 

    Adjustments and reconciling items 
     —  
     —  
     —  
     — 
  
    Net loss 
     (778,824) 
     (22,962) 
     (1,706,736) 
     (1,181,918)

11. 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
and Guarantors styled AP 1039 Grant St., LLC v. Inno Medicinals LLC, a/k/a InnoMedicals Atlanta CBD, Inc., Xavier Carter, and Floretta
Gogo, State Court of DeKalb County, Georgia, Case No. 23A03681 for failing to pay amounts owed under the lease. The Company and Guarantors
filed counterclaims against