LQR House Inc
For the period ended Dec 31, 2023. Filed Apr 1, 2024.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Apr 1, 2024
YHC$1.75+15.9%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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CONSOLIDATED BALANCE SHEETS
PART I – FINANCIAL INFORMATION
ITEM 1 – FINANCIAL STATEMENTS
Consolidated Balance Sheets
As of December 31, 2023 and 2022
| December 31, | ||
|---|---|---|
| 2023 | 2022 | |
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $7,064,348 | $7,565 |
| Accounts receivable, related party | 172,493 | 224,692 |
| Advances to related party | 177,340 | 314,766 |
| Deposits in escrow | 5,470,000 | - |
| Prepaid expenses | 2,189,955 | - |
| Total current assets | 15,074,136 | 547,023 |
| Intangible assets, net | 10,000 | 2,083,333 |
| Right of use asset | 8,402 | - |
| Total assets | $15,092,538 | $2,630,356 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||
| Current liabilities: | ||
| Accounts payable | $265,229 | $287,457 |
| Accounts payable, related party | 58,589 | 104,002 |
| Accrued expenses | 138,585 | 199,256 |
| Right of use liability, current portion | 7,324 | - |
| Total current liabilities | 469,727 | 590,715 |
| Right of use liability | 2,534 | - |
| Total liabilities | 472,261 | 590,715 |
| Commitments and contingencies (Note 10) | ||
| Stockholders’ equity: | ||
| Common stock, $0.0001 par value, 350,000,000 shares authorized, 4,829,438 and 230,011 shares issued and outstanding as of December 31, 2023, and 2022, respectively | 482 | 23 |
| Additional paid-in capital | 34,172,420 | 5,844,519 |
| Accumulated deficit | (19,552,625) | (3,804,901) |
| Total stockholders’ equity | 14,620,277 | 2,039,641 |
| Total liabilities and stockholders’ equity | $15,092,538 | $2,630,356 |
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