LQR House Inc.
For the period ended Dec 31, 2024. Filed Mar 31, 2025.
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.
FY2024 · Filed Mar 31, 2025
YHC$1.75+15.9%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
CONSOLIDATED BALANCE SHEETS
PART I – FINANCIAL INFORMATION
ITEM 1 – FINANCIAL STATEMENTS
Consolidated Balance Sheets
| December 31, | ||
|---|---|---|
| 2024 | 2023 | |
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $5,386,789 | $7,064,348 |
| Accounts receivable | 28,040 | - |
| Accounts receivable, related party | 149,510 | 172,493 |
| Advances to related party | - | 177,340 |
| Deposits in escrow | - | 5,470,000 |
| Prepaid expenses | 240,729 | 2,189,955 |
| Total current assets | 5,805,068 | 15,074,136 |
| Investments, at cost | 1,117,500 | - |
| Intangible assets, net | 10,000 | 10,000 |
| Right of use asset | - | 8,402 |
| Total assets | $6,932,568 | $15,092,538 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT) | ||
| Current liabilities: | ||
| Accounts payable | $530,643 | $265,229 |
| Accounts payable, related party | 21,175 | 58,589 |
| Accrued expenses | 927,711 | 138,585 |
| Accrued expenses, related party | 5,971,000 | - |
| Right of use liability, current portion | - | 7,324 |
| Total current liabilities | 7,450,529 | 469,727 |
| Right of use liability | - | 2,534 |
| Total liabilities | 7,450,529 | 472,261 |
| Commitments and contingencies (Note 11) | ||
| Stockholders’ equity (deficit): | ||
| Common stock, $0.0001 par value, 350,000,000 shares authorized, 15,252,580 and 15,061,952 shares issued and outstanding as of December 31, 2024 and 4,829,438 shares issued and outstanding as of December 31, 2023, respectively | 1,525 | 482 |
| Additional paid-in capital | 42,334,732 | 34,172,420 |
| Treasury stock, at cost (190,628 shares) | (547,415) | - |
| Accumulated deficit | (42,306,803) | (19,552,625) |
| Total stockholders’ equity (deficit) | (517,961) | 14,620,277 |
| Total liabilities and stockholders’ equity (deficit) | $6,932,568 | $15,092,538 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.