LQR House Inc.
For the period ended Dec 31, 2024. Filed Mar 31, 2025.
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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.
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.
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CONSOLIDATED STATEMENTS OF OPERATIONS
| Year Ended | ||
|---|---|---|
| December 31, | ||
| 2024 | 2023 | |
| Revenue - services | $117,965 | $474,048 |
| Revenue - product | 2,383,695 | 646,574 |
| Total revenues | 2,501,660 | 1,120,622 |
| Cost of revenue - services | 178,851 | 351,823 |
| Cost of revenue - product | 2,635,984 | 563,775 |
| Total cost of revenue | 2,814,835 | 915,598 |
| Gross profit (loss) | (313,175) | 205,024 |
| Operating expenses: | ||
| General and administrative | 14,556,220 | 11,426,747 |
| Sales and marketing | 3,617,924 | 2,480,001 |
| Impairment of intangible asset | - | 1,875,000 |
| Total operating expenses | 18,174,144 | 15,781,748 |
| Loss from operations | (18,487,319) | (15,576,724) |
| Other income (expense): | ||
| Interest expense | - | (171,000) |
| Impairment of investment | (4,500,000) | - |
| Other income | 227,467 | - |
| Gain on sale of marketable securities | 5,674 | - |
| Total other income (expense) | (4,266,859) | (171,000) |
| Provision for income taxes | - | - |
| Net loss | $(22,754,178) | $(15,747,724) |
| Weighted average common shares outstanding - basic and diluted | 5,517,945 | 925,607 |
| Net loss per common share - basic and diluted | $4.12 | $(17.01) |
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