Workflow
LQR House (LQR)
icon
Search documents
LQR House (LQR) - 2023 Q2 - Quarterly Report
2023-09-21 20:01
Revenue Growth - For the three months ended June 30, 2023, total revenues were $191,022, a significant increase from $74,975 in the same period of 2022, representing a growth of 154%[100] - Service revenues for the three months ended June 30, 2023, were $143,235, up from $74,975 in 2022, reflecting an increase of $68,260 due to a growing marketing customer base[101] - Product revenues for the three months ended June 30, 2023, were $47,787, compared to $0 in the same period of 2022, attributed to a delivered SWOL batch[102] - For the six months ended June 30, 2023, total revenues were $341,585, compared to $103,225 in 2022, marking a growth of 231%[110] Financial Losses - The net loss for the three months ended June 30, 2023, was $3,556,491, compared to a net loss of $547,132 in 2022, indicating a worsening financial position[107] - The net loss for the six months ended June 30, 2023, was $3,878,565, compared to a net loss of $1,248,260 in 2022, reflecting increased operational challenges[117] Expenses and Cash Flow - General and administrative expenses for the three months ended June 30, 2023, were $3,559,688, a substantial increase from $248,052 in 2022, largely due to $3,000,000 in non-cash stock-based compensation[105] - Net cash used in operating activities for the six months ended June 30, 2023, was $892,463, a decrease from $1,015,807 in 2022, showing improved cash flow management[122] Liquidity and Funding - Cash and cash equivalents as of June 30, 2023, were $100,057, up from $7,565 as of December 31, 2022, indicating improved liquidity[118] - The company expects that its cash and cash equivalents, along with approximately $4.7 million from its IPO in August 2023, will be sufficient to fund operations for at least one year[120] - No significant cash requirements for capital expenditures or other cash needs under any contractual obligations during the six months ended June 30, 2023 and 2022[126] Accounting and Reporting - Financial statements prepared in accordance with GAAP, requiring estimates and assumptions that may differ from actual results[128] - Revenue recognized when performance obligations are satisfied, reflecting the consideration expected to be received[129] - Service revenue recognized over time as marketing services are provided, while product revenue recognized upon delivery to CWS[130] - Stock-based compensation measured based on fair value at grant date and recognized over the requisite service period[132] - Stock-based compensation expense classified in the statement of operations in line with payroll costs[133] - Company classified as a smaller reporting company and not required to provide certain market risk disclosures[134] Off-Balance Sheet Arrangements - No off-balance sheet arrangements that are likely to affect financial condition, revenues, or expenses[127]
LQR House (LQR) - Prospectus(update)
2023-08-04 13:04
As filed with the Securities and Exchange Commission on August 4, 2023 Registration No. 333-272660 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 (Exact name of registrant as specified in its charter) ____________________________ Nevada 2080 86-1604197 (State or other jurisdiction of incorporation or organization) (Primary Standard Industrial Classification Code Number) (I.R.S. Employer Identification Number) 6800 Indian Creek Dr. Suite 1E Miami Beach, FL 33141 (786) 389-9771 (Addre ...
LQR House (LQR) - Prospectus(update)
2023-07-28 21:45
As filed with the Securities and Exchange Commission on July 28, 2023 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 AMENDMENT NO. 3 TO FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 LQR House Inc. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) Nevada 2080 86-1604197 (Primary Standard Industrial Classification Code Number) (I.R.S. Employer Identification Number) 6800 Indian Creek Dr. Suite 1E Mi ...
LQR House (LQR) - Prospectus(update)
2023-07-24 19:37
As filed with the Securities and Exchange Commission on July 24, 2023 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 AMENDMENT NO. 2 TO FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 LQR House Inc. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) Nevada 2080 86-1604197 (Primary Standard Industrial Classification Code Number) (I.R.S. Employer Identification Number) 6800 Indian Creek Dr. Suite 1E Mi ...
LQR House (LQR) - Prospectus(update)
2023-07-14 01:33
As filed with the Securities and Exchange Commission on July 13, 2023 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 AMENDMENT NO. 1 TO FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 LQR House Inc. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) Nevada 2080 86-1604197 (Primary Standard Industrial Classification Code Number) (I.R.S. Employer Identification Number) 6800 Indian Creek Dr. Suite 1E Mi ...
LQR House (LQR) - Prospectus
2023-06-15 02:00
As filed with the Securities and Exchange Commission on June 14, 2023 Registration No. 333- UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 LQR House Inc. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) Nevada 2080 86-1604197 (Primary Standard Industrial Classification Code Number) (I.R.S. Employer Identification Number) 6800 Indian Creek Dr. Suite 1E ...