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$1.73-1.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Item 8. CONSOLIDATED STATEMENTS OF CASH FLOWS
CONOLIDATED STATEMENTS OF CASH FLOWS
| Year Ended | ||||
|---|---|---|---|---|
| December 31, | ||||
| 2023 · 2022 | ||||
| Cash flows from operating activities: | ||||
| Net loss | $(15,747,724) | $(1,842,175) | ||
| Adjustments to reconcile net loss to net cash used in operating activities: | ||||
| Amortization | 208,333 | 250,000 | ||
| Impairment expense | 1,875,000 | - | ||
| Vesting of restricted stock units | 1,091,648 | 317,875 | ||
| Issuance of common stock for services | 5,552,500 | - | ||
| Changes in operating assets and liabilities: | ||||
| Accounts receivable, related party | 52,199 | (130,772) | ||
| Prepaid expenses | (2,189,955) | - | ||
| Accounts payable | (22,228) | 217,282 | ||
| Accounts payable, related party | (45,413) | 70,337 | ||
| Accrued expenses | 110,329 | 199,256 | ||
| Right of use liability, net | 1,456 | - | ||
| Net cash used in operating activities | (9,113,855) | (918,197) | ||
| Cash flows from investing activities: | ||||
| Net repayments from (advances to) related party | 137,426 | (190,339) | ||
| Acquisition of CWS Platform | (10,000) | - | ||
| Deposits in escrow | (5,470,000) | - | ||
| Net cash used in investing activities | (5,342,574) | (190,339) | ||
| Cash flows from financing activities: | ||||
| Proceeds from note payable | 950,000 | - | ||
| Issuance of common stock pursuant to private placement | 955,000 | - | ||
| Issuance of common stock pursuant to IPO, net of offering costs | 4,507,228 | - | ||
| Issuance of common stock pursuant to public offerings, net of offering costs | 16,619,836 | - | ||
| Repurchase of common stock | (1,458,852) | - | ||
| Cancellation of warrants | (60,000) | |||
| Net cash provided by financing activities | 21,513,212 | - | ||
| Net change in cash and cash equivalents | 7,056,783 | (1,108,536) | ||
| Cash and cash equivalents at beginning of year | 7,565 | 1,116,101 | ||
| Cash and cash equivalents at end of year | $7,064,348 | $7,565 | ||
| Supplemental disclosure of cash flow information: | ||||
| Cash paid for income taxes | $ | - | $ | - |
| Cash paid for interest | $ | - | $ | - |
| Supplemental disclosure of non-cash financing activities: | ||||
| Conversion of note payable including accrued interest into common stock | $1,121,000 | $ | - | |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.