Segment Information

3 Months Ended

Mar. 31, 2025

Segment Reporting Disclosure [Text Block]

10. 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.

	Three Months Ended
	March 31,
	2025			2024
Revenue, net of discounts		-			415
Cost of revenue		164			2,009
Gross profit		(164	)		(1,594	)

Operating expenses:
Professional fees		62,118			43,667
Payroll and related costs		81,330			5,762
Office related expenses		867			2,777
SEC filing related fees		2,361			1,575
Share-based compensation		700,000			30,000
Bank fees		139			181
Taxes		-			75
Advertising & marketing		-			40
Other		93			119
Total operating expenses		846,908			84,196

Other expense:
Interest expense		1,711			1,540
Total other expense		1,711			1,540

Net loss	$	(848,783	)	$	(87,330	)

Reconciliation of loss
Adjustments and reconciling items		-			-
Net loss	$	(848,783	)	$	(87,330	)

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

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+ Details

Cannaisseur Group Inc. 10-Q