LQR House Inc
For the period ended Dec 31, 2023. Filed Apr 1, 2024.
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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 STATEMENTS OF OPERATIONS
For the Years Ended December 31, 2023 and 2022
| Year Ended | ||
|---|---|---|
| December 31, | ||
| 2023 | 2022 | |
| Revenue - services | $474,048 | $470,359 |
| Revenue - product | 646,574 | 130,772 |
| Total revenues | 1,120,622 | 601,131 |
| Cost of revenue - services | 351,823 | 668,654 |
| Cost of revenue - product | 563,775 | 134,490 |
| Total cost of revenue | 915,598 | 803,144 |
| Gross profit (loss) | 205,024 | (202,013) |
| Operating expenses: | ||
| General and administrative | 11,426,747 | 985,011 |
| Sales and marketing | 2,480,001 | 655,151 |
| Impairment expense | 1,875,000 | - |
| Total operating expenses | 15,781,748 | 1,640,162 |
| Loss from operations | (15,576,724) | (1,842,175) |
| Other income (expense): | ||
| Interest expense | (171,000) | - |
| Total other expense | (171,000) | - |
| Net loss | $(15,747,724) | $(1,842,175) |
| Weighted average common shares outstanding - basic and diluted | 925,607 | 225,376 |
| Net loss per common share - basic and diluted | $(17.01) | $(8.17) |
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