hopTo Inc.
hopto.comNo Longer Reporting
The company has not filed an annual or quarterly report since its Q3 FY2023 10-Q, filed Nov 20, 2023. Its latest SEC filing is a 15-12G from Dec 8, 2023.
10-Q for Q3 FY2023, filed Nov 20, 2023
The sections below describe the company as of the FY2022 annual report.
What Did They Do?
Sells application-access software that lets software vendors, businesses, and government and educational institutions give users remote access to existing applications and deploy secure private-cloud environments.
10-K for FY2022, filed Apr 14, 2023
How Did They Make Money?
The company sells perpetual software licenses and intellectual-property licenses, as well as maintenance contracts for updates and customer service. A software license sale is counted when its electronic key is delivered; maintenance is counted across the contract term.
10-K for FY2022, filed Apr 14, 2023The Company markets and licenses its products indirectly through channel distributors, independent software vendors (“ISVs”), value-added…View ↗
All of our licenses are delivered to the customer electronically. The Company sends the license key to the customer to download the related…View ↗
Maintenance revenue is also recognized from service contracts ratably over the related contract period.View ↗
$3.9M
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10-K for FY2022, filed Apr 15, 2023
$3.9M ↗
Who Were Their Customers?
Routes sales primarily through resellers, including OEMs, system integrators, value-added resellers, and distributors; these partners also create awareness and provide integration and support.
10-K for FY2022, filed Apr 14, 2023Our GO-Global products are primarily sold through resellers both domestically and internationally. The resellers consist of OEMs, system…View ↗
Did Revenues Turn Into Profits?
Yes. It kept 3 cents of every revenue dollar as net income in FY2022.
10-K for FY2022, filed Apr 15, 2023
How Were They Changing?
- Net income
-
Sources
10-Q for Q3 FY2023, filed Nov 21, 2023
$189.9KView ↗
- ▲ Now profitable
- vs −$144.4K in Q3 FY2022
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Dec 8, 2023
HopTo filed to deregister its common stock
Periodic reporting obligations would be suspended upon filing, while the common stock was to continue trading on OTC Pink.
Sources
8-K, filed Dec 8, 2023
On December 8, 2023, hopTo, Inc. (the “Company”), filed a Form 15 with the Securities and Exchange Commission to voluntarily deregister its…View ↗
Who Did They Compete With?
Competes with Citrix Systems, OpenText Communications, and Microsoft
10-K for FY2022, filed Apr 14, 2023GO-Global competes with developers of conventional server-based software for the individual PC, as well as with other companies in the…View ↗
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