YHCHIGH SIGNALFINANCIAL10-K

YHC underwent a dramatic financial turnaround with stockholders' equity swinging from negative $518K to positive $29.3M while operating cash flow deteriorated significantly to -$33.8M.

The massive equity improvement suggests either a major capital raise or debt restructuring that fundamentally changed the company's balance sheet structure. However, the 411% worsening in operating cash flow indicates severe operational challenges that could quickly erode the improved financial position if not addressed.

Comparing 2026-04-15 vs 2025-03-31View on EDGAR →
FINANCIAL ANALYSIS

YHC experienced a complete financial transformation with total assets growing 350% to $31.2M and liabilities declining 75% to $1.9M, resulting in a dramatic shift from negative to strongly positive equity of $29.3M. While revenue nearly doubled and gross profit turned positive, operating cash flow deteriorated catastrophically to -$33.8M, indicating the company is burning cash at an unsustainable rate. The combination of improved balance sheet strength but severe cash flow deterioration creates a contradictory financial picture that suggests recent capital infusion masking underlying operational struggles.

FINANCIAL STATEMENT CHANGES
Stockholders Equity
Balance Sheet
+5763.1%
-$518K$29.3M

Equity base grew 5763.1% — retained earnings accumulation or equity issuance strengthening the balance sheet.

Capital Expenditure
Cash Flow
+3305.4%
$10K$341K

Capital expenditure jumped 3305.4% — major investment cycle underway; assess returns on deployment.

Operating Cash Flow
Cash Flow
-411%
-$6.6M-$33.8M

Operating cash flow fell 411% — earnings quality concerns; investigate working capital changes and non-cash items.

Total Assets
Balance Sheet
+350.5%
$6.9M$31.2M

Asset base grew 350.5% — expansion through organic growth, acquisitions, or capital deployment.

Current Assets
Balance Sheet
+175.5%
$5.8M$16.0M

Current assets grew 175.5% — improving short-term liquidity or inventory/receivables build.

Gross Profit
P&L
+154.1%
-$313K$169K

Gross profit expanding — improving pricing power or product mix shift toward higher-margin offerings.

Revenue
P&L
+86.4%
$601K$1.1M

Strong top-line growth of 86.4% — accelerating demand or successful expansion into new markets.

Current Liabilities
Balance Sheet
-75.1%
$7.5M$1.9M

Current liabilities reduced — improved short-term financial position and working capital health.

Total Liabilities
Balance Sheet
-74.5%
$7.5M$1.9M

Liabilities reduced 74.5% — deleveraging improves balance sheet strength and financial flexibility.

Share Buybacks
Cash Flow
-62.5%
$1.5M$547K

Buyback activity reduced 62.5% — capital being redeployed elsewhere or cash conservation underway.

LANGUAGE CHANGES
NEW — 2026-04-15
PRIOR — 2025-03-31
ADDED
As of April 15, 2026, the Company had 21,371,656 shares of common stock, $0.0001 par value, issued and 21,366,209 shares outstanding.
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: LQR House Acquisition Corp., which owns and operates the CWS Platform; SWOL Holdings Inc., which develops and markets SWOL Tequila; and YHC Online Limited, a Hong Kong incorporated entity through which the Company entered into joint venture agreements in December 2025, as further described under Recent Developments below.
( DRNK ), a British Columbia corporation, operating in the non-alcoholic and ready-to-drink beverage markets.
DRNK has since rebranded and operates as Chase Mocktails Ltd.
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REMOVED
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C.
As of March 28, 2025, the Company had 36,591,337 shares of common stock, $0.0001 par value, issued, and 36,400,709 shares outstanding.
Additionally, we are in the process of establishing an exclusive wine club.
The Company owns and operates CWS Platform through its wholly owned subsidiary, LQR House Acquisition Corp.
( DRNK ), a British Columbia corporation, operating in the non-alcoholic and ready-to-drink beverage markets (which became Chase Mocktails Ltd).
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