TCRG — what changed in the latest 10-Q
A section-by-section comparison of TCRG's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-Q · 2026-08-12 vs the prior 10-Q · 2026-05-11
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +12 | −6 | ~7 | 25 |
| Market risk (Item 3) | Text added/removed | 0 | 0 | ~1 | 0 |
| Controls & procedures | Text added/removed | 0 | 0 | ~1 | 1 |
| Legal proceedings | Text added/removed | +2 | −1 | 0 | 0 |
| Risk factors | Text added/removed | 0 | 0 | ~1 | 0 |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Not shown (absent or not faithfully extractable): Other information
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
MD&A
Text added vs the prior filing · source: 10-Q · 2026-08-12
Cost of revenue was $118 for the three months ended June 30, 2026, compared to $282 during the three months ended June 30, 2025, a decrease of $164, or 58.2%. Cost of revenue consisted entirely of the write off of obsolete inventory. The decrease in the current period was the result of less obsolete…
The Company reported negative gross profit for the three months ended June 30, 2026 and 2025. The negative profit margin was the result of the write-off of obsolete inventory.
Results of Operations for the Six Months Ended June 30, 2026 Compared with the Six Months Ended June 30, 2025
Revenue was $0 for the six months ended June 30, 2026 and 2025. The Company is not currently operating the retail business. It may, in the future, restructure its website to conduct business online.
Cost of revenue was $118 for the six months ended June 30, 2026, compared to $446 during the six months ended June 30, 2025, a decrease of $328, or 73.5%. Cost of revenue consisted entirely of the write off of obsolete inventory. The decrease in the current period was the result of less obsolete inv…
Text removed vs the prior filing · source: 10-Q · 2026-05-11
Cost of revenue was $0 for the three months ended March 31, 2026, compared to $164 during the three months ended March 31, 2025, a decrease of $164, or 100%. The decrease was driven by a lack of write-offs of obsolete inventories in the current period.
The Company reported gross profit of $0 for the three months ended March 31, 2026, compared to negative gross profit for the three months ended March 31, 2025. The negative profit margin was the result of the write-off of obsolete inventory. No obsolete inventory was written off in the current perio…
As of March 31, 2026, the Company had $163 in total assets, including cash of $45, as compared to $140 in total assets, including cash of $22, as of December 31, 2025. The increase in assets is attributable to an increase in cash.
As of March 31, 2026, the Company had total liabilities of $298,209 consisting of accounts payable and accrued expenses of $254,940, rent settlement payable of $9,501, notes payable - current of $7,531, dividends payable of $1,608, and long-term notes payable of $24,629. As of December 31, 2025, the…
For the three months ended March 31, 2026, cash used in operating activities of $39,717 resulted from a net loss of $102,495 and an increase of $62,778 in accounts payable and accrued expenses.
Legal proceedings
Text added vs the prior filing · source: 10-Q · 2026-08-12
During the quarter ended June 30, 2026, the Company was served with a lawsuit filed by a former employee in the District Court of Kendall County, Texas, captioned Valarie Grant v. The Cannaisseur Group, Inc., Civil Action No. 26-161. The plaintiff, a former Corporate Secretary of the Company, allege…
The Company disputes the plaintiff’s claims and intends to vigorously defend the action. The Company maintains, among other defenses, that equity compensation was an accepted form of compensation between the parties based upon their prior course of dealing, including prior issuances of Company commo…
Text removed vs the prior filing · source: 10-Q · 2026-05-11
Item 2 Unregistered Sales of Equity Securities, Use of Proceeds, and Issuer Purchases of Equity Securities 20
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice