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$1.73-1.1%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, | ||||
| 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 party | 177,340 | - | ||
| Amortization | - | 208,333 | ||
| Impairment of investment | 4,500,000 | - | ||
| Impairment of intangible asset | - | 1,875,000 | ||
| Vesting of restricted stock units | 2,533,256 | 1,091,648 | ||
| 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 party | 22,983 | 52,199 | ||
| Prepaid expenses | 1,949,226 | (2,189,955) | ||
| Accounts payable | 265,414 | (22,228) | ||
| Accounts payable, related party | (37,414) | (45,413) | ||
| Accrued expenses | 789,126 | 110,329 | ||
| Accrued expenses, related party | 5,971,000 | - | ||
| 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 securities | 7,764,197 | - | ||
| Acquisition of CWS Platform | - | (10,000) | ||
| Net repayments from related party | - | 137,426 | ||
| Deposits in escrow | - | (5,470,000) | ||
| Return of deposits in escrow | 670,000 | - | ||
| Net cash provided by (used in) investing activities | 675,674 | (5,342,574) | ||
| Cash flows from financing activities: | ||||
| Proceeds from note payable | - | 950,000 | ||
| Issuance of common stock and pursuant to private placement | 3,350,020 | 955,000 | ||
| 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 costs | 1,543,079 | 16,619,836 | ||
| 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 activities | 4,265,184 | 21,513,212 | ||
| Net change in cash and cash equivalents | (1,677,559) | 7,056,783 | ||
| Cash and cash equivalents at beginning of year | 7,064,348 | 7,565 | ||
| 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 | |
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