YHC on Nasdaq
LQR House Inc.
American beverages company that raised $4.9 million in 2024 (SEC Form D). Summary from the record
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Last updated Oct 19, 2026.
Overview
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- TickerYHC on Nasdaq1
- IndustryBeverages1
- HeadquartersMiami Beach, Florida1
- Incorporated inDE2
- Business address6538 Collins Ave Suite 344, Miami Beach, Fl 331412
- Filer categoryNon-accelerated filer, Smaller reporting company, Emerging growth company2
- Legal formCorporation
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LQR House Inc., a Nevada corporation. On March 2, 2026, we reincorporated in the State of Delaware through a statutory conversion. The Company conducts its operations through three wholly-owned subsidiaries:3 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Products and services
CWSPlatform brought in 80% of the revenue LQR House Inc. broke down this way in fiscal 2025.
Products and services by year
| Products and services | 2024 | 2025 |
|---|---|---|
| CWSPlatform | $2.3M | $1.3M |
| SWOLProduct Sales | $40.4K | $200.6K |
| Marketing | $73.5K | $65.0K |
| Vault | $44.5K | $47.6K |
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Cost of revenue89¢$1.4M
- Other costs11¢$169.3K
Out of $1.6M in revenue.4 The company lost money this year.
Financial statements
Every line of the income statement as filed: the last 2 fiscal years, latest first.4
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Total revenues | $1.6M | $2.5M |
| Total cost of revenue | $1.4M | $2.8M |
| Gross profit (loss) | $169.3K | -$313.2K |
| General and administrative | $11.0M | $14.6M |
| Sales and marketing | $643.6K | $3.6M |
| Total operating expenses | $11.6M | $18.2M |
| Loss from operations | -$11.4M | -$18.5M |
| Impairment of investment | -$1.1M | -$4.5M |
| Legal settlement expense | -$13.0M | |
| Gain on sale of marketable securities | $5.7K | |
| Other income | $33.5K | $227.5K |
| Total other expenses, net | -$14.1M | -$4.3M |
| Net loss | -$25.5M | -$22.8M |
| Weighted average common shares outstanding - basic (in Shares) | 7.3M shares | 157.7K shares |
| Weighted average common shares outstanding - diluted (in Shares) | 7.3M shares | 157.7K shares |
| Net loss per common share - basic (in Dollars per share) | -$3.51 | -$144.33 |
| Net loss per common share - diluted (in Dollars per share) | -$3.51 | -$144.33 |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 3 fiscal years (annual) or 3 quarters (quarterly), latest first.4
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Cash and cash equivalents | $6.0M | $5.4M | $7.1M |
| Accounts receivable, net | $23.9K | $28.0K | |
| Advance for investment in joint venture | $3.8M | ||
| Advance payment to distributor | $3.3M | ||
| Prepaid expenses | $276.2K | $240.7K | |
| Security deposit | $19.4K | ||
| Total current assets | $16.0M | $5.8M | |
| Property and equipment, net | $312.2K | ||
| Right of use asset | $51.7K | ||
| Deferred offering costs | $203.9K | ||
| Intangible assets, net | $10.0K | ||
| Investment in joint ventures | $14.7M | ||
| Investment, at cost | $1.1M | ||
| Total assets | $31.2M | $6.9M | |
| Accounts payable | $76.5K | $530.6K | |
| Accrued and other payables | $982.7K | $927.7K | |
| Accrued and other payables, related party | $761.0K | $6.0M | |
| Contract liabilities | $10.4K | ||
| Lease liability | $21.4K | ||
| Total current liabilities | $1.9M | $7.5M | |
| Lease liability, non-current | $41.0K | ||
| Total liabilities | $1.9M | $7.5M | |
| Common stock, $0.0001 par value, 350,000,000 shares authorized, 21,371,656 and 21,366,209 shares issued and outstanding as of December 31, 2025 and 435,788 and 430,341 shares issued and outstanding as of December 31, 2024, respectively | $2.1K | $44 | |
| Additional paid-in capital | $97.7M | $42.3M | |
| Treasury stock, at cost (5,447 shares) | -$547.4K | -$547.4K | |
| Accumulated deficit | -$67.8M | -$42.3M | |
| Total stockholders equity (deficit) | $29.3M | -$518.0K | $14.6M |
| Total liabilities and stockholders equity (deficit) | $31.2M | $6.9M | |
| Common stock, par value (in Dollars per share) | $0.00 | $0.00 | |
| Common stock, shares authorized (in Shares) | 350.0M shares | 350.0M shares | |
| Common stock, shares issued (in Shares) | 21.4M shares | 435.8K shares | |
| Common stock, shares outstanding (in Shares) | 21.4M shares | 430.3K shares | |
| Treasury stock, at cost (in Shares) | 5.4K shares | 5.4K shares |
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Cash and cash equivalents | $6.0M | $5.4M | $7.1M |
| Accounts receivable, net | $23.9K | $28.0K | |
| Advance for investment in joint venture | $3.8M | ||
| Advance payment to distributor | $3.3M | ||
| Prepaid expenses | $276.2K | $240.7K | |
| Security deposit | $19.4K | ||
| Total current assets | $16.0M | $5.8M | |
| Property and equipment, net | $312.2K | ||
| Right of use asset | $51.7K | ||
| Deferred offering costs | $203.9K | ||
| Intangible assets, net | $10.0K | ||
| Investment in joint ventures | $14.7M | ||
| Investment, at cost | $1.1M | ||
| Total assets | $31.2M | $6.9M | |
| Accounts payable | $76.5K | $530.6K | |
| Accrued and other payables | $982.7K | $927.7K | |
| Accrued and other payables, related party | $761.0K | $6.0M | |
| Contract liabilities | $10.4K | ||
| Lease liability | $21.4K | ||
| Total current liabilities | $1.9M | $7.5M | |
| Lease liability, non-current | $41.0K | ||
| Total liabilities | $1.9M | $7.5M | |
| Common stock, $0.0001 par value, 350,000,000 shares authorized, 21,371,656 and 21,366,209 shares issued and outstanding as of December 31, 2025 and 435,788 and 430,341 shares issued and outstanding as of December 31, 2024, respectively | $2.1K | $44 | |
| Additional paid-in capital | $97.7M | $42.3M | |
| Treasury stock, at cost (5,447 shares) | -$547.4K | -$547.4K | |
| Accumulated deficit | -$67.8M | -$42.3M | |
| Total stockholders equity (deficit) | $29.3M | -$518.0K | $14.6M |
| Total liabilities and stockholders equity (deficit) | $31.2M | $6.9M | |
| Common stock, par value (in Dollars per share) | $0.00 | $0.00 | |
| Common stock, shares authorized (in Shares) | 350.0M shares | 350.0M shares | |
| Common stock, shares issued (in Shares) | 21.4M shares | 435.8K shares | |
| Common stock, shares outstanding (in Shares) | 21.4M shares | 430.3K shares | |
| Treasury stock, at cost (in Shares) | 5.4K shares | 5.4K shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 2 fiscal years, latest first.4
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Net loss | -$25.5M | -$22.8M |
| Amortization of right-of-use asset | $7.6K | |
| Bad debts | $64.5K | |
| Provision for expected credit losses | $67.9K | |
| Depreciation | $28.4K | |
| Write off of advances to related party | $177.3K | |
| Impairment of investment | $1.1M | $4.5M |
| Gain on sale of marketable securities | -$5.7K | |
| Share based compensation | $1.9M | $2.5M |
| Accounts receivable | -$60.4K | -$28.0K |
| Accounts receivable, related parties | -$150.7K | $23.0K |
| Advance payment to distributor | -$3.3M | |
| Prepaid expenses | -$35.4K | $1.9M |
| Due from related party | -$2.4M | |
| Accounts payable | -$454.1K | $265.4K |
| Accounts payable, related parties | -$21.2K | -$37.4K |
| Accrued and other payables | $61.8K | $789.1K |
| Accrued and other payables, related party | -$5.2M | $6.0M |
| Contract liabilities | $10.4K | |
| Security deposit | -$19.4K | |
| Lease liability, net | $3.2K | -$1.5K |
| Net cash used in operating activities | -$33.8M | -$6.6M |
| Purchase of property and equipment | -$340.5K | |
| Advance for investment in joint venture | -$3.8M | |
| Payment for investment in joint ventures | -$14.7M | |
| Purchases of marketable securities | -$7.8M | |
| Sales of marketable securities | $7.8M | |
| Return of deposits in escrow | $670.0K | |
| Net cash (used in) provided by investing activities | -$18.8M | $675.7K |
| Payment of deferred offering costs | -$89.0K | |
| Issuance of common stock pursuant to exercise of warrants | $4.1M | |
| Issuance of common stock pursuant to registered direct offerings | $6.1M | $1.5M |
| Issuance of common stock pursuant to ATM | $43.2M | |
| Issuance of common stock pursuant to private placement | $3.4M | |
| Offering costs | -$80.5K | |
| Repurchase and buyback of common stock | -$547.4K | |
| Net cash provided by financing activities | $53.2M | $4.3M |
| Net change in cash and cash equivalents | $588.6K | -$1.7M |
| Issuance of common stock for accrued and other payables | $111.0K | |
| Deferred offering costs included in accrued expenses and other payables | $115.0K | |
| Operating lease liabilities arising from obtaining right-of-use assets | $51.7K | |
| Common stock issued for investment | $817.5K | |
| Reclassification of deposit in escrow to investment | $4.8M |
No quarter-by-quarter statement was filed.
Leadership
Who has led LQR House Inc., and when. Pick a name to see everywhere that person has worked.
Chief executive
Chief financial officer
- Chief executive officerSean Dollinger Aug 14, 2023 to now9
- PresidentYilin Lu Dec 19, 2025 to now10
- PresidentDavid E. Lazar Oct 21, 2024 to Dec 19, 202511
- Chief financial officerKumar Abhishek Aug 14, 2023 to Aug 14, 202312
Board members and other officers (13)
- Chief Marketing OfficerJaclyn Hoffman Aug 14, 2023 to Aug 14, 202313
- Board memberJatinder Dhaliwal Apr 11, 2024 to now14
- Board memberDavid E. Lazar Oct 21, 2024 to now11
- Board memberAvraham Ben-Tzvi Oct 23, 2024 to now15
- Board memberHong Chun Yeung Dec 30, 2024 to now16
- Board memberLijun Chen Dec 30, 2024 to now17
- Board memberYilin Lu Dec 30, 2024 to now18
- Board memberAlexandra Hoffman Aug 14, 2023 to now19
- Board memberDarren Collins Aug 14, 2023 to Aug 14, 202320
- Board memberGuy Dollinger Aug 14, 2023 to Aug 14, 202321
- Board memberJames C. Huber Aug 14, 2023 to Aug 14, 202322
- Board memberSean Dollinger Aug 14, 2023 to now9
- Board memberGary L. Herman Aug 30, 2023 to Aug 30, 202323
Named in SEC Form D filings
People the company listed in its private-offering notices.
Timeline
- Aug 14, 2023New chief executive Sean Dollinger becomes CEO9
Filings
227 filings to the SEC since October 2021: 3 annual reports, 11 quarterly reports, 50 major events, 50 insider forms, 17 large holders, 4 private raises, 92 other. The latest 20:
- Aug 19, 202610-Q QUARTERLY REPORT EDGAR
- Aug 17, 2026NT 10-Q NOTIFICATION OF LATE FILING EDGAR
- Aug 10, 20268-K/A AMENDMENT NO. 1 TO FORM 8-K EDGAR
- Jul 15, 20268-K CURRENT REPORT EDGAR
- Jul 2, 20268-K CURRENT REPORT EDGAR
- Jun 30, 20268-K CURRENT REPORT EDGAR
- Jun 4, 20268-K CURRENT REPORT EDGAR
- Jun 2, 20268-K CURRENT REPORT EDGAR
- May 22, 20268-K CURRENT REPORT EDGAR
- May 18, 20268-K CURRENT REPORT EDGAR
- May 15, 202610-Q QUARTERLY REPORT EDGAR
- Apr 15, 202610-K ANNUAL REPORT EDGAR
- Apr 15, 20268-K CURRENT REPORT EDGAR
- Mar 31, 2026NT 10-K NOTIFICATION OF LATE FILING EDGAR
- Mar 12, 20268-K/A AMENDMENT NO. 1 TO FORM 8-K EDGAR
- Mar 12, 2026424B5 PROSPECTUS SUPPLEMENT EDGAR
- Mar 12, 20268-K CURRENT REPORT EDGAR
- Mar 6, 20268-K CURRENT REPORT EDGAR
- Feb 23, 20268-K CURRENT REPORT EDGAR
- Jan 28, 2026DEF 14A PROXY STATEMENT EDGAR
The 227 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
10 open-market trades by officers, directors and large owners since October 2021: 7 buys and 3 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Dec 17, 2025 | Lu YilinPresident | Buy | 2,000,000 | $0.90 | $1.8M | Form 4 |
| Jul 17, 2025 | Lambeth George Patrick10% owner | Sale | 180,000 | $3.04 | $547.2K | Form 4 |
| Nov 26, 2024 | Hoffman AlexandraDirector | Buy | 8,000 | $1.02 | $8.1K | Form 4 |
| Nov 26, 2024 | Dollinger SeanCHIEF EXECUTIVE OFFICER | Buy | 28,700 | $1.04 | $29.8K | Form 4 |
| Nov 25, 2024 | Lazar David E.President | Sale | 280,000 | Form 4 | ||
| Nov 21, 2024 | Lazar David E.President | Sale | 821,818 | Form 4 | ||
| Dec 20, 2023 | Dollinger SeanCHIEF EXECUTIVE OFFICER | Buy | 23,100 | $4.61 | $106.4K | Form 4 |
| Dec 20, 2023 | Dollinger SeanCHIEF EXECUTIVE OFFICER | Buy | 23,100 | $4.61 | $106.4K | Form 4 |
| Nov 21, 2023 | Dollinger SeanCHIEF EXECUTIVE OFFICER | Buy | 753,064 | $0.08 | $61.2K | Form 4 |
| Aug 23, 2023 | Dollinger SeanCHIEF EXECUTIVE OFFICER | Buy | 86,400 | $1.16 | $100.3K | Form 4 |
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- Yilin LuSCHEDULE 13D, 1 filing Dec 19, 202526
- Diveroli Investment Group LLCSCHEDULE 13D/A, 3 filings Jul 18, 2025 to Nov 19, 202527
- Robert LeshnerSCHEDULE 13D/A, 3 filings Jul 7, 2025 to Jul 17, 202528
- 1173727 BC LTD.SCHEDULE 13G/A, 2 filings Oct 25, 2023 to Jun 6, 202529
- Wilson SuSCHEDULE 13G/A, 3 filings Oct 24, 2023 to Jan 27, 202530
- David E. LazarSC 13D/A, 2 filings Oct 21, 2024 to Nov 25, 202431
- Sean DollingerSC 13G, 1 filing Feb 14, 202432
- 1226053 BC LTDSC 13G, 1 filing Oct 24, 202333
- 1295441 BC LTDSC 13G, 1 filing Oct 24, 202334
Money raised
Private offerings the company reported to the SEC on Form D.
- Oct 15, 2024Raised $3 million in a private offering of equity Form D: $22.8 million offered in all Form D
- Jun 1, 2023Raised $350,000 in a private offering of equity Form D: 2 investors so far Form D
- Jun 1, 2023Raised $1.5 million in a private offering of equity Form D: 3 investors so far Form D
- Apr 26, 2021Raised $50,000 in a private offering of equity Form D: 2 investors so far Form D
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1SEC EDGARLQR House Inc. filings on SEC EDGAR
- 2SEC EDGARLQR House Inc. filings on SEC EDGAR
- 3
- 4SEC EDGARLQR House Inc. 10-K for fiscal 2025
- 5SEC EDGARLQR House Inc. 10-K for fiscal 2022
- 6SEC EDGARLQR House Inc. 10-K for fiscal 2023
- 7SEC EDGARLQR House Inc. 10-Q for fiscal 2026
- 8SEC EDGARLQR House Inc. 10-Q for fiscal 2026
- 9
- 10SEC EDGARYilin Lu, President
- 11SEC EDGARDavid E. Lazar, President
- 12
- 13
- 14SEC EDGARJatinder Dhaliwal, Board member
- 15SEC EDGARAvraham Ben-Tzvi, Board member
- 16SEC EDGARHong Chun Yeung, Board member
- 17SEC EDGARLijun Chen, Board member
- 18SEC EDGARYilin Lu, Board member
- 19SEC EDGARAlexandra Hoffman, Board member
- 20SEC EDGARDarren Collins, Board member
- 21SEC EDGARGuy Dollinger, Board member
- 22SEC EDGARJames C. Huber, Board member
- 23SEC EDGARGary L. Herman, Board member
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