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LQR House Inc.

For the period ended Dec 31, 2024. Filed Mar 31, 2025.

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About 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$1.73-1.1%Stored close · as of Nov 10, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Item 8. CONSOLIDATED STATEMENTS OF CASH FLOWS

CONOLIDATED STATEMENTS OF CASH FLOWS

Year Ended
December 31,
2024 · 2023
Cash flows from operating activities:
Net loss$(22,754,178)$(15,747,724)
Adjustments to reconcile net loss to net cash used in operating activities:
Write off of advances to related party177,340-
Amortization-208,333
Impairment of investment4,500,000-
Impairment of intangible asset-1,875,000
Vesting of restricted stock units2,533,2561,091,648
Gain on sale of marketable securities(5,674)-
Issuance of common stock for services-5,552,500
Changes in operating assets and liabilities:
Accounts receivable(28,040)-
Accounts receivable, related party22,98352,199
Prepaid expenses1,949,226(2,189,955)
Accounts payable265,414(22,228)
Accounts payable, related party(37,414)(45,413)
Accrued expenses789,126110,329
Accrued expenses, related party5,971,000-
Right of use liability, net(1,456)1,456
Net cash used in operating activities(6,618,417)(9,113,855)
Cash flows from investing activities:
Purchases of marketable securities(7,758,523)-
Sales of marketable securities7,764,197-
Acquisition of CWS Platform-(10,000)
Net repayments from related party-137,426
Deposits in escrow-(5,470,000)
Return of deposits in escrow670,000-
Net cash provided by (used in) investing activities675,674(5,342,574)
Cash flows from financing activities:
Proceeds from note payable-950,000
Issuance of common stock and pursuant to private placement3,350,020955,000
Issuance of common stock and pursuant to IPO, net of offering costs-4,507,228
Issuance of common stock and pursuant to public offerings, net of offering costs1,543,07916,619,836
Repurchase and buyback of common stock(547,415)(1,458,852)
Cancellation of warrants-(60,000)
Offering costs(80,500)-
Net cash provided by financing activities4,265,18421,513,212
Net change in cash and cash equivalents(1,677,559)7,056,783
Cash and cash equivalents at beginning of year7,064,3487,565
Cash and cash equivalents at end of year$5,386,789$7,064,348
Supplemental disclosure of cash flow information:
Cash paid for income taxes$-$-
Cash paid for interest$-$-
Supplemental disclosure of non-cash financing activities:
Common stock issued for investment$817,500$-
Reclassification of deposit in escrow to investment$4,800,000$-
Conversion of note payable and accrued interest into common stock$-$1,121,000
ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.