$YHC

LQR House Inc.

CIK:0001843165|SEC Filings

Unaudited Condensed Consolidated Statements of Operations (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Total revenues	$ 345,975	$ 498,528	$ 568,658	$ 927,868
Total cost of revenue	300,073	414,022	544,992	813,204
Gross profit	45,902	84,506	23,666	114,664
Operating expenses:
General and administrative	1,263,129	2,207,612	4,044,029	4,230,773
Sales and marketing		80,676	105,000	487,529
Total operating expenses	1,263,129	2,288,288	4,149,029	4,718,302
Loss from operations	(1,217,227)	(2,203,782)	(4,125,363)	(4,603,638)
Other income (expense):
Interest expense	(263,014)		(263,014)
Loss on disposition of assets	(25,136)		(25,136)
Gain on remeasurement of previously held equity interest	4,206,055		4,206,055
Other income	1,237	1,400	1,994,404	11,606
Total other income	3,919,142	1,400	5,912,309	11,606
Income tax expense	0		0
Net income (loss)	2,701,915	(2,202,382)	1,786,946	(4,592,032)
Net income attributable to non-controlling interest	16,073		16,073
Net income (loss) attributable to LQR House Inc.	2,685,842	(2,202,382)	1,770,873	(4,592,032)
Other comprehensive loss, net of tax:
Foreign currency translation adjustment	(1,171)		(1,171)
Total other comprehensive income (loss)	(1,171)		(1,171)
Total other comprehensive loss	2,700,744	(2,202,382)	1,785,775	(4,592,032)
Less: comprehensive income attributable to non-controlling interest	16,073		16,073
Comprehensive income (loss) attributable to LQR House Inc.	$ 2,684,671	$ (2,202,382)	$ 1,769,702	$ (4,592,032)
Weighted average common shares outstanding -
Weighted average common shares outstanding - basic (in Shares)	214,148	19,988	213,905	13,135
Weighted average common shares outstanding - diluted (in Shares)	214,148	19,988	213,905	13,135
Net income (loss) per common share attributable to LQR House Inc - basic (in Dollars per share)	$ 12.54	$ (110.18)	$ 8.28	$ (349.61)
Net income (loss) per common share attributable to LQR House Inc - diluted (in Dollars per share)	$ 12.54	$ (110.18)	$ 8.28	$ (349.61)
Services
Total revenues	$ 3,781	$ 15,319	$ 16,353	$ 92,675
Total cost of revenue			13,553	1,400
Product
Total revenues	304,416	483,209	514,527	835,193
Total cost of revenue	295,333	414,022	526,699	811,804
Brokerage
Total revenues	37,778		37,778
Total cost of revenue	$ 4,740		$ 4,740

Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)	6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
Cash flows from operating activities:
Net income (loss)	$ 1,786,946	$ (4,592,032)
Adjustments to reconcile net income (loss) to net cash used in operating activities:
Stock based compensation		220,200
Depreciation	17,027
Vesting of restricted stock units		1,360,205
Loss on disposal of property and equipment	25,136
Gain on remeasurement of previously held equity interest	(4,206,055)
Changes in operating assets and liabilities:
Accounts receivable	14,817	(41,668)
Accounts receivable, related party		(150,721)
Prepaid expenses	32,720	115,157
Other receivable	(143,544)
Short-term investment - Broker dealer	1,067,610
Digital Assets - External trust company	211,081
Due to related party		3,000
Accounts payable	267,153	510,093
Accounts payable, related party		36,336
Accrued and other payables	409,311	(542,309)
Accrued and other payables, related party	(134,786)	(5,181,608)
Contract liabilities	828
Payables - Client funds	(1,063,422)
Payable - Broker dealer	(1,067,610)
Payable – External trust company	(211,081)
Lease liability, net	(10,800)
Net cash used in operating activities	(3,004,669)	(8,263,348)
Cash flows from investing activities:
Prepaid joint venture agreement		(8,166,988)
Proceeds from disposal of property and equipment	270,000
Cash held on behalf of clients acquired in business combination	1,380,354
Purchases of digital assets	(4,051,415)
Proceeds from conversion of digital assets to cash	347,638
Net cash (used in) provided by investing activities	(2,053,423)	(8,166,988)
Cash flows from financing activities:
Deferred offering costs	(80,000)
Due from related party	(540,570)
Issuance of common stock pursuant to exercise of warrants		4,051,415
Issuance of common stock pursuant to ATM	165,999	11,559,068
Net cash (used in) provided by financing activities	(454,571)	15,610,483
Effect of exchange rate changes on cash, cash equivalents and restricted cash	(1,171)
Net change in cash, cash equivalents	(5,513,834)	(819,853)
Cash, cash equivalents and cash held on behalf of clients at beginning of period	5,975,408	5,386,789
Cash, cash equivalents and cash held on behalf of clients at end of period	461,574	4,566,936
Supplemental disclosure of cash flow information:
Cash paid for income taxes
Cash paid for interest
Supplemental disclosure of non-cash flow information:
Proceeds from promissory note, received in digital assets (USDT)	40,000,000
Return of advance for investment in joint venture, received in USDT	3,824,000
Return of investment in joint venture, received in USDT	14,670,000
Return of advance payment to distributor, received in USDT	3,279,000
Collection of amounts due from related party, received in USDT	2,603,223
Digital assets (USDT) applied toward the acquisition of Fusion Five Continents Securities Limited	67,080,000
Issuance of common stock for accrued expenses		$ 111,000

Unaudited Condensed Consolidated Balance Sheets - USD ($)	Jun. 30, 2026	Dec. 31, 2025
Current assets:
Cash and cash equivalents	$ 144,642	$ 5,975,408
Cash held on behalf of clients	316,932
Accounts receivable	9,129	23,946
Short-term investment - Broker dealer	7,189,557
Digital assets	1,000,000
Digital assets external trust company	409,340
Advance for investment in joint venture		3,824,000
Advance payment to distributor		3,279,000
Prepaid expenses	257,474	276,157
Due from related party	260,272	2,364,450
Other receivable	143,544
Security deposit	19,450	19,450
Total current assets	9,750,340	15,994,694
Property and equipment, net		312,163
Goodwill	130,154,809
Right- of- use asset		51,651
Deferred offering costs	283,950	203,950
Investment in joint ventures		14,670,000
Total assets	140,189,099	31,232,458
Current liabilities:
Accounts payable	343,672	76,519
Accrued and other payables	1,392,050	982,739
Contract liabilities	11,251	10,423
Payables - Client funds	316,932
Payable - Broker dealer	7,189,557
Payable - External trust company	409,340
Lease liability		21,428
Total current liabilities	10,117,162	1,858,797
Notes payable	40,000,000
Lease liability, non-current		41,023
Total liabilities	50,117,162	1,899,820
Commitments and contingencies (Note 17)
Stockholders’ equity:
Common stock, $0.0001 par value, 1,500,000,000 shares authorized, 21,533,546 and 21,371,656 shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectively	21	21
Additional paid-in capital	97,875,452	97,709,453
Treasury stock, at cost (5,447 shares)	(547,415)	(547,415)
Accumulated deficit	(66,058,548)	(67,829,421)
Accumulated other comprehensive loss	(1,171)
Total LQR House Inc. stockholders’ equity	31,268,339	29,332,638
Non-controlling interest	58,803,598
Total stockholders’ equity	90,071,937	29,332,638
Total liabilities and stockholders’ equity	140,189,099	31,232,458
Related Party
Current assets:
Accounts receivable, related party		232,283
Current liabilities:
Accrued and other payables, related party	393,906	760,975
Due to related parties	$ 60,454	$ 6,713