$HNNA
HENNESSY ADVISORS INC Stock $hnna

$hnna Overview Financials Valuation SEC Filings Company Website

2024 Q1 Form 10-Q Financial Statement

#000143774924003522 Filed on February 08, 2024

Income Statement

Concept	2024 Q1	2023 Q4	2022 Q4
Revenue	$6.940M	$6.144M	$6.145M
YoY Change	17.31%	-0.02%	-27.99%
Cost Of Revenue	$1.046M	$911.0K	$969.0K
YoY Change	12.47%	-5.99%	-48.38%
Gross Profit	$5.894M	$5.233M	$5.176M
YoY Change	18.21%	1.1%	-22.25%
Gross Profit Margin	84.93%	85.17%	84.23%
Selling, General & Admin	$3.918M	$3.739M	$3.522M
YoY Change	17.38%	6.16%	-7.73%
% of Gross Profit	66.47%	71.45%	68.04%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$57.00K	$69.00K	$49.00K
YoY Change	1.79%	40.82%	-7.55%
% of Gross Profit	0.97%	1.32%	0.95%
Operating Expenses	$5.021M	$4.719M	$4.540M
YoY Change	16.12%	3.94%	17.31%
Operating Profit	$1.919M	$1.425M	$1.605M
YoY Change	20.54%	-11.21%	-42.41%
Interest Expense	$568.0K	$567.0K	$563.0K
YoY Change	1.07%	0.71%	-210.83%
% of Operating Profit	29.6%	39.79%	35.08%
Other Income/Expense, Net			$467.0K
YoY Change			23250.0%
Pretax Income	$2.122M	$1.644M	$1.509M
YoY Change	31.8%	8.95%	-33.84%
Income Tax	$582.0K	$444.0K	$390.0K
% Of Pretax Income	27.43%	27.01%	25.84%
Net Earnings	$1.540M	$1.200M	$1.119M
YoY Change	28.87%	7.24%	-41.51%
Net Earnings / Revenue	22.19%	19.53%	18.21%
Basic Earnings Per Share	$0.20	$0.16	$0.15
Diluted Earnings Per Share	$0.20	$0.16	$0.15
COMMON SHARES
Basic Shares Outstanding	7.675M	7.674M	7.574M
Diluted Shares Outstanding	7.700M	7.674M	7.581M

Balance Sheet

Concept	2024 Q1	2023 Q4	2022 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments	$59.60M	$59.62M	$57.06M
YoY Change	2.98%	4.48%	4.67%
Cash & Equivalents	$59.59M	$59.61M	$57.05M
Short-Term Investments	$11.00K	$11.00K	$10.00K
Other Short-Term Assets	$732.0K	$603.0K	$762.0K
YoY Change	-16.82%	-20.87%	35.35%
Inventory
Prepaid Expenses	$732.0K	$603.0K	$762.0K
Receivables	$2.556M	$2.155M	$2.075M
Other Receivables	$273.0K	$251.0K	$257.0K
Total Short-Term Assets	$63.43M	$62.89M	$60.15M
YoY Change	4.07%	4.55%	3.2%
LONG-TERM ASSETS
Property, Plant & Equipment	$295.0K	$282.0K	$335.0K
YoY Change	-10.06%	-15.82%	-72.87%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets	$182.0K	$163.0K	$157.0K
YoY Change	15.92%	3.82%	-36.18%
Total Long-Term Assets	$83.91M	$82.12M	$82.07M
YoY Change	2.29%	0.06%	-0.07%
TOTAL ASSETS
Total Short-Term Assets	$63.43M	$62.89M	$60.15M
Total Long-Term Assets	$83.91M	$82.12M	$82.07M
Total Assets	$147.3M	$145.0M	$142.2M
YoY Change	3.05%	1.96%	1.29%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses	$672.0K	$745.0K	$1.737M
YoY Change	-68.77%	-57.11%	-38.51%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$3.169M	$2.780M	$2.685M
YoY Change	20.27%	3.54%	-26.9%
LONG-TERM LIABILITIES
Long-Term Debt	$39.32M	$39.24M	$38.94M
YoY Change	0.78%	0.76%	0.73%
Other Long-Term Liabilities	$864.0K		$186.0K
YoY Change	829.03%		-66.43%
Total Long-Term Liabilities	$40.18M	$39.24M	$39.13M
YoY Change	2.75%	0.28%	-0.22%
TOTAL LIABILITIES
Total Short-Term Liabilities	$3.169M	$2.780M	$2.685M
Total Long-Term Liabilities	$40.18M	$39.24M	$39.13M
Total Liabilities	$58.41M	$56.85M	$55.56M
YoY Change	4.52%	2.31%	-0.59%
SHAREHOLDERS EQUITY
Retained Earnings	$66.58M	$66.10M	$65.43M
YoY Change	1.53%	1.03%
Common Stock	$22.34M	$22.06M	$21.23M
YoY Change	3.86%	3.93%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$88.92M	$88.16M	$86.66M
YoY Change
Total Liabilities & Shareholders Equity	$147.3M	$145.0M	$142.2M
YoY Change	3.05%	1.96%	1.29%

Cashflow Statement

Concept	2024 Q1	2023 Q4	2022 Q4
OPERATING ACTIVITIES
Net Income	$1.540M	$1.200M	$1.119M
YoY Change	28.87%	7.24%	-41.51%
Depreciation, Depletion And Amortization	$57.00K	$69.00K	$49.00K
YoY Change	1.79%	40.82%	-7.55%
Cash From Operating Activities	$1.873M	$416.0K	-$32.00K
YoY Change	-5.74%	-1400.0%	-102.76%
INVESTING ACTIVITIES
Capital Expenditures	$860.0K	$46.00K	$64.00K
YoY Change	493.1%	-28.13%	-212.28%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities	-$860.0K	-$250.0K	-$381.0K
YoY Change	493.1%	-34.38%	568.42%
FINANCING ACTIVITIES
Cash Dividend Paid		$1.038M	$1.026M
YoY Change		1.17%	1.79%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-1.025M	-$1.037M	-1.024M
YoY Change	0.2%	1.27%	-102.73%
NET CHANGE
Cash From Operating Activities	1.873M	$416.0K	-32.00K
Cash From Investing Activities	-860.0K	-$250.0K	-381.0K
Cash From Financing Activities	-1.025M	-$1.037M	-1.024M
Net Change In Cash	-12.00K	-$871.0K	-1.437M
YoY Change	-101.47%	-39.39%	-103.72%
FREE CASH FLOW
Cash From Operating Activities	$1.873M	$416.0K	-$32.00K
Capital Expenditures	$860.0K	$46.00K	$64.00K
Free Cash Flow	$1.013M	$370.0K	-$96.00K
YoY Change	-45.01%	-485.42%	-107.89%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2023Q4	dei	Amendment Flag AmendmentFlag	false
CY2023Q4	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--09-30
CY2023Q4	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q1
CY2023Q4	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2024
CY2023Q4	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	2356000	usd
CY2023Q3	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	2287000	usd
CY2023Q4	us-gaap	Commitments And Contingencies CommitmentsAndContingencies		usd
CY2023Q3	us-gaap	Commitments And Contingencies CommitmentsAndContingencies		usd
CY2023Q4	us-gaap	Common Stock No Par Value CommonStockNoParValue	0
CY2023Q3	us-gaap	Common Stock No Par Value CommonStockNoParValue	0
CY2023Q4	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	22500000
CY2023Q3	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	22500000
CY2023Q4	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	7673869
CY2023Q4	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	7673869
CY2023Q3	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	7671099
CY2023Q3	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	7671099
CY2023Q4	us-gaap	Dividends Payable Date Of Record Day Month And Year DividendsPayableDateOfRecordDayMonthAndYear	2023-11-13
CY2023Q4	ecd	Rule10b51 Arr Adopted Flag Rule10b51ArrAdoptedFlag	false
CY2023Q4	ecd	Non Rule10b51 Arr Adopted Flag NonRule10b51ArrAdoptedFlag	false
CY2023Q4	ecd	Rule10b51 Arr Trmntd Flag Rule10b51ArrTrmntdFlag	false
CY2023Q4	ecd	Non Rule10b51 Arr Trmntd Flag NonRule10b51ArrTrmntdFlag	false
CY2023Q4	dei	Document Type DocumentType	10-Q
CY2023Q4	dei	Document Quarterly Report DocumentQuarterlyReport	true
CY2023Q4	dei	Document Period End Date DocumentPeriodEndDate	2023-12-31
CY2023Q4	dei	Document Transition Report DocumentTransitionReport	false
CY2023Q4	dei	Entity File Number EntityFileNumber	001-36423
CY2023Q4	dei	Entity Incorporation State Country Code EntityIncorporationStateCountryCode	CA
CY2023Q4	dei	Entity Tax Identification Number EntityTaxIdentificationNumber	68-0176227
CY2023Q4	dei	Entity Address Address Line1 EntityAddressAddressLine1	7250 Redwood Boulevard, Suite 200
CY2023Q4	dei	Entity Address City Or Town EntityAddressCityOrTown	Novato
CY2023Q4	dei	Entity Address State Or Province EntityAddressStateOrProvince	CA
CY2023Q4	dei	Entity Address Postal Zip Code EntityAddressPostalZipCode	94945
CY2023Q4	dei	City Area Code CityAreaCode	415
CY2023Q4	dei	Local Phone Number LocalPhoneNumber	899-1555
CY2023Q4	dei	Entity Current Reporting Status EntityCurrentReportingStatus	Yes
CY2023Q4	dei	Entity Interactive Data Current EntityInteractiveDataCurrent	Yes
CY2023Q4	dei	Entity Filer Category EntityFilerCategory	Non-accelerated Filer
CY2023Q4	dei	Entity Small Business EntitySmallBusiness	true
CY2023Q4	dei	Entity Emerging Growth Company EntityEmergingGrowthCompany	false
CY2023Q4	dei	Entity Shell Company EntityShellCompany	false
CY2024Q1	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	7675363
CY2023Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	59605000	usd
CY2023Q3	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	60476000	usd
CY2023Q4	us-gaap	Marketable Securities Current MarketableSecuritiesCurrent	11000	usd
CY2023Q3	us-gaap	Marketable Securities Current MarketableSecuritiesCurrent	10000	usd
CY2023Q4	us-gaap	Accrued Investment Income Receivable AccruedInvestmentIncomeReceivable	2155000	usd
CY2023Q3	us-gaap	Accrued Investment Income Receivable AccruedInvestmentIncomeReceivable	2046000	usd
CY2023Q4	us-gaap	Interest Receivable Current InterestReceivableCurrent	264000	usd
CY2023Q3	us-gaap	Interest Receivable Current InterestReceivableCurrent	253000	usd
CY2023Q4	us-gaap	Prepaid Expense Current PrepaidExpenseCurrent	603000	usd
CY2023Q3	us-gaap	Prepaid Expense Current PrepaidExpenseCurrent	669000	usd
CY2023Q4	us-gaap	Other Receivables Net Current OtherReceivablesNetCurrent	251000	usd
CY2023Q3	us-gaap	Other Receivables Net Current OtherReceivablesNetCurrent	247000	usd
CY2023Q4	us-gaap	Assets Current AssetsCurrent	62889000	usd
CY2023Q3	us-gaap	Assets Current AssetsCurrent	63701000	usd
CY2023Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	282000	usd
CY2023Q3	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	305000	usd
CY2023Q4	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	206000	usd
CY2023Q3	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	295000	usd
CY2023Q4	us-gaap	Indefinite Lived Contractual Rights IndefiniteLivedContractualRights	81466000	usd
CY2023Q3	us-gaap	Indefinite Lived Contractual Rights IndefiniteLivedContractualRights	81262000	usd
CY2023Q4	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	163000	usd
CY2023Q3	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	156000	usd
CY2023Q4	us-gaap	Assets Assets	145006000	usd
CY2023Q3	us-gaap	Assets Assets	145719000	usd
CY2023Q4	us-gaap	Accounts Payable And Accrued Liabilities Current AccountsPayableAndAccruedLiabilitiesCurrent	1616000	usd
CY2023Q3	us-gaap	Accounts Payable And Accrued Liabilities Current AccountsPayableAndAccruedLiabilitiesCurrent	3165000	usd
CY2023Q4	us-gaap	Operating Lease Liability Current OperatingLeaseLiabilityCurrent	186000	usd
CY2023Q3	us-gaap	Operating Lease Liability Current OperatingLeaseLiabilityCurrent	279000	usd
CY2023Q4	us-gaap	Accrued Income Taxes Current AccruedIncomeTaxesCurrent	978000	usd
CY2023Q3	us-gaap	Accrued Income Taxes Current AccruedIncomeTaxesCurrent	748000	usd
CY2023Q4	us-gaap	Liabilities Current LiabilitiesCurrent	2780000	usd
CY2023Q3	us-gaap	Liabilities Current LiabilitiesCurrent	4192000	usd
CY2023Q4	us-gaap	Long Term Notes Payable LongTermNotesPayable	39240000	usd
CY2023Q3	us-gaap	Long Term Notes Payable LongTermNotesPayable	39164000	usd
CY2023Q4	us-gaap	Deferred Income Tax Liabilities Net DeferredIncomeTaxLiabilitiesNet	14825000	usd
CY2023Q3	us-gaap	Deferred Income Tax Liabilities Net DeferredIncomeTaxLiabilitiesNet	14611000	usd
CY2023Q4	us-gaap	Liabilities Liabilities	56845000	usd
CY2023Q3	us-gaap	Liabilities Liabilities	57967000	usd
CY2023Q4	us-gaap	Common Stock Value CommonStockValue	22064000	usd
CY2023Q3	us-gaap	Common Stock Value CommonStockValue	21800000	usd
CY2023Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	66097000	usd
CY2023Q3	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	65952000	usd
CY2023Q4	us-gaap	Stockholders Equity StockholdersEquity	88161000	usd
CY2023Q3	us-gaap	Stockholders Equity StockholdersEquity	87752000	usd
CY2023Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	145006000	usd
CY2023Q3	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	145719000	usd
CY2023Q4	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	6144000	usd
CY2022Q4	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	6145000	usd
CY2023Q4	us-gaap	Employee Benefits And Share Based Compensation EmployeeBenefitsAndShareBasedCompensation	1866000	usd
CY2022Q4	us-gaap	Employee Benefits And Share Based Compensation EmployeeBenefitsAndShareBasedCompensation	1858000	usd
CY2023Q4	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	1724000	usd
CY2022Q4	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	1569000	usd
CY2023Q4	hnna	Distribution Expense DistributionExpense	149000	usd
CY2022Q4	hnna	Distribution Expense DistributionExpense	95000	usd
CY2023Q4	us-gaap	Subadvisory Fees For Mutual Funds SubadvisoryFeesForMutualFunds	911000	usd
CY2022Q4	us-gaap	Subadvisory Fees For Mutual Funds SubadvisoryFeesForMutualFunds	969000	usd
CY2023Q4	us-gaap	Depreciation Depreciation	69000	usd
CY2022Q4	us-gaap	Depreciation Depreciation	49000	usd
CY2023Q4	us-gaap	Operating Expenses OperatingExpenses	4719000	usd
CY2022Q4	us-gaap	Operating Expenses OperatingExpenses	4540000	usd
CY2023Q4	us-gaap	Operating Income Loss OperatingIncomeLoss	1425000	usd
CY2022Q4	us-gaap	Operating Income Loss OperatingIncomeLoss	1605000	usd
CY2023Q4	us-gaap	Interest Expense InterestExpense	567000	usd
CY2022Q4	us-gaap	Interest Expense InterestExpense	563000	usd
CY2023Q4	us-gaap	Investment Income Interest InvestmentIncomeInterest	786000	usd
CY2022Q4	us-gaap	Investment Income Interest InvestmentIncomeInterest	467000	usd
CY2023Q4	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	1644000	usd
CY2022Q4	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	1509000	usd
CY2023Q4	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	444000	usd
CY2022Q4	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	390000	usd
CY2023Q4	us-gaap	Net Income Loss NetIncomeLoss	1200000	usd
CY2022Q4	us-gaap	Net Income Loss NetIncomeLoss	1119000	usd
CY2023Q4	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.16
CY2022Q4	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.15
CY2023Q4	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.16
CY2022Q4	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.15
CY2023Q4	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	7672191
CY2022Q4	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	7572454
CY2023Q4	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	7673688
CY2022Q4	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	7581157
CY2023Q4	us-gaap	Common Stock Dividends Per Share Declared CommonStockDividendsPerShareDeclared	0.14
CY2022Q4	us-gaap	Common Stock Dividends Per Share Declared CommonStockDividendsPerShareDeclared	0.14
CY2023Q3	us-gaap	Stockholders Equity StockholdersEquity	87752000	usd
CY2023Q4	us-gaap	Net Income Loss NetIncomeLoss	1200000	usd
CY2023Q4	us-gaap	Dividends Common Stock Cash DividendsCommonStockCash	1055000	usd
CY2023Q4	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	246000	usd
CY2023Q4	us-gaap	Stockholders Equity StockholdersEquity	88161000	usd
CY2022Q3	us-gaap	Stockholders Equity StockholdersEquity	86298000	usd
CY2022Q4	us-gaap	Net Income Loss NetIncomeLoss	1119000	usd
CY2022Q4	us-gaap	Dividends Common Stock Cash DividendsCommonStockCash	1041000	usd
CY2022Q4	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	262000	usd
CY2022Q4	us-gaap	Stockholders Equity StockholdersEquity	86655000	usd
CY2023Q4	us-gaap	Net Income Loss NetIncomeLoss	1200000	usd
CY2022Q4	us-gaap	Net Income Loss NetIncomeLoss	1119000	usd
CY2023Q4	us-gaap	Depreciation Depreciation	69000	usd
CY2022Q4	us-gaap	Depreciation Depreciation	49000	usd
CY2023Q4	us-gaap	Marketable Securities Unrealized Gain Loss MarketableSecuritiesUnrealizedGainLoss	1000	usd
CY2022Q4	us-gaap	Marketable Securities Unrealized Gain Loss MarketableSecuritiesUnrealizedGainLoss	1000	usd
CY2023Q4	hnna	Change In Right Of Use Asset And Operating Lease Liability ChangeInRightOfUseAssetAndOperatingLeaseLiability	-4000	usd
CY2022Q4	hnna	Change In Right Of Use Asset And Operating Lease Liability ChangeInRightOfUseAssetAndOperatingLeaseLiability	-1000	usd
CY2023Q4	us-gaap	Amortization Of Financing Costs AmortizationOfFinancingCosts	76000	usd
CY2022Q4	us-gaap	Amortization Of Financing Costs AmortizationOfFinancingCosts	73000	usd
CY2023Q4	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	214000	usd
CY2022Q4	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	262000	usd
CY2023Q4	us-gaap	Share Based Compensation ShareBasedCompensation	246000	usd
CY2022Q4	us-gaap	Share Based Compensation ShareBasedCompensation	262000	usd
CY2023Q4	us-gaap	Increase Decrease In Accrued Investment Income Receivable IncreaseDecreaseInAccruedInvestmentIncomeReceivable	109000	usd
CY2022Q4	us-gaap	Increase Decrease In Accrued Investment Income Receivable IncreaseDecreaseInAccruedInvestmentIncomeReceivable	24000	usd
CY2023Q4	us-gaap	Increase Decrease In Accrued Interest Receivable Net IncreaseDecreaseInAccruedInterestReceivableNet	11000	usd
CY2022Q4	us-gaap	Increase Decrease In Accrued Interest Receivable Net IncreaseDecreaseInAccruedInterestReceivableNet	78000	usd
CY2023Q4	us-gaap	Increase Decrease In Prepaid Expense IncreaseDecreaseInPrepaidExpense	-66000	usd
CY2022Q4	us-gaap	Increase Decrease In Prepaid Expense IncreaseDecreaseInPrepaidExpense	-169000	usd
CY2023Q4	us-gaap	Increase Decrease In Accounts And Other Receivables IncreaseDecreaseInAccountsAndOtherReceivables	4000	usd
CY2022Q4	us-gaap	Increase Decrease In Accounts And Other Receivables IncreaseDecreaseInAccountsAndOtherReceivables	-0	usd
CY2023Q4	us-gaap	Increase Decrease In Other Noncurrent Assets IncreaseDecreaseInOtherNoncurrentAssets	7000	usd
CY2022Q4	us-gaap	Increase Decrease In Other Noncurrent Assets IncreaseDecreaseInOtherNoncurrentAssets	1000	usd
CY2023Q4	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	-1549000	usd
CY2022Q4	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	-1989000	usd
CY2023Q4	us-gaap	Increase Decrease In Accrued Income Taxes Payable IncreaseDecreaseInAccruedIncomeTaxesPayable	230000	usd
CY2022Q4	us-gaap	Increase Decrease In Accrued Income Taxes Payable IncreaseDecreaseInAccruedIncomeTaxesPayable	128000	usd
CY2023Q4	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	416000	usd
CY2022Q4	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-32000	usd
CY2023Q4	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	46000	usd
CY2022Q4	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	64000	usd
CY2023Q4	us-gaap	Payments To Acquire Intangible Assets PaymentsToAcquireIntangibleAssets	204000	usd
CY2022Q4	us-gaap	Payments To Acquire Intangible Assets PaymentsToAcquireIntangibleAssets	317000	usd
CY2023Q4	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-250000	usd
CY2022Q4	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-381000	usd
CY2023Q4	us-gaap	Payments Of Dividends PaymentsOfDividends	1038000	usd
CY2022Q4	us-gaap	Payments Of Dividends PaymentsOfDividends	1026000	usd
CY2023Q4	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-1037000	usd
CY2022Q4	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-1024000	usd
CY2023Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect Disposal Group Including Discontinued Operations CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffectDisposalGroupIncludingDiscontinuedOperations	-871000	usd
CY2022Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect Disposal Group Including Discontinued Operations CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffectDisposalGroupIncludingDiscontinuedOperations	-1437000	usd
CY2023Q3	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations	60476000	usd
CY2022Q3	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations	58487000	usd
CY2023Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations	59605000	usd
CY2022Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations	57050000	usd
CY2023Q4	us-gaap	Interest Paid Net InterestPaidNet	491000	usd
CY2022Q4	us-gaap	Interest Paid Net InterestPaidNet	491000	usd
CY2023Q4	us-gaap	Stock Issued1 StockIssued1	17000	usd
CY2022Q4	us-gaap	Stock Issued1 StockIssued1	15000	usd
CY2023Q4	hnna	Management Contracts Purchased Textblock ManagementContractsPurchasedTextblock	<table border="0" cellpadding="0" cellspacing="0" style="width: 100%; text-indent: 0px;"><tbody><tr style="vertical-align: top;"><td style="width: 36pt;"> <p style="margin: 0pt; text-align: left; font-family: "Times New Roman", Times, serif; font-size: 10pt;"><b>(<em style="font: inherit;">2</em>)</b></p> </td><td style="width: auto;"> <p style="margin: 0pt; text-align: left; font-family: "Times New Roman", Times, serif; font-size: 10pt;"><b>Management Contracts Purchased</b></p> </td></tr> </tbody></table> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p> <p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;text-indent:36pt;">Throughout its history, the Company has completed 12 purchases of the assets related to the management of 32 investment funds, some of which were reorganized into already existing Hennessy Funds. In accordance with Financial Accounting Standards Board (“FASB”) guidance, the Company periodically reviews the carrying value of its management contracts asset to determine if any impairment has occurred. The fair value of the management contracts asset was estimated as of <em style="font: inherit;"> September </em><em style="font: inherit;">30,</em> <em style="font: inherit;">2023,</em> by applying the income approach and is based on management estimates and assumptions, including third‑party valuations that utilize appropriate valuation techniques. It was determined there was no impairment as of such date. As of <em style="font: inherit;"> December 31, 2023</em>, management performed a qualitative analysis and determined it was more likely than <em style="font: inherit;">not</em> that there continued to be no impairment.</p> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p> <p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;text-indent:36pt;">Under Accounting Standards Codification <em style="font: inherit;">350</em> — Intangibles - Goodwill and Other, intangible assets that have indefinite useful lives are <em style="font: inherit;">not</em> amortized but are tested at least annually for impairment. The Company considered various factors, such as likelihood of continued renewal, whether there are foreseeable limits on net cash flows, and whether the Company is dependent on a limited number of investors, in determining the useful life of the management contracts. Based on analysis, the Company considers the management contract asset to be an intangible asset with an indefinite useful life and <em style="font: inherit;">no</em> impairment as of the end of the current period. </p> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p> <p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;text-indent:36pt;">The Company completed its most recent asset purchase on <em style="font: inherit;"> November </em><em style="font: inherit;">10,</em> <em style="font: inherit;">2023,</em> when it purchased assets related to the management of the CCM Small/Mid-Cap Impact Value Fund. This asset purchase added approximately $12 million to the Company’s assets under management at the time of closing. The purchase was consummated in accordance with the terms and conditions of that certain Transaction Agreement, dated as of <em style="font: inherit;"> April 26, 2023, </em>between the Company and Community Capital Management, LLC (the “CCM Transaction Agreement”). Upon completion of the transaction, the assets of CCM Small/Mid-Cap Impact Value Fund were reorganized into the Hennessy Stance ESG ETF.</p> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p> <p style="font-family: "Times New Roman"; font-size: 10pt; font-variant: normal; margin: 0pt; text-indent: 36pt;">As of <em style="font: inherit;"> December 31, 2023, </em>there was a <em style="font: inherit;">second</em> asset purchase pending under the CCM Transaction Agreement, which is for the purchase of assets related to the management of the CCM Core Impact Equity Fund. The purchase is subject to customary closing conditions, including the approval of the shareholders of the CCM Core Impact Equity Fund. At the Special Meeting of Shareholders of the CCM Core Impact Equity Fund on <em style="font: inherit;"> January 31, 2024, </em>shareholders approved the purchase of assets related to the management of the CCM Core Impact Equity Fund by the Company. See Note <em style="font: inherit;">13,</em> "Subsequent Events," for additional information.</p> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p> <p style="font-family: "Times New Roman"; font-size: 10pt; font-variant: normal; margin: 0pt; text-indent: 36pt;">In the current period, the Company capitalized $0.2 million in legal costs related to the CCM Transaction Agreement. </p>
CY2023Q4	hnna	Number Of Purchases Of Assets NumberOfPurchasesOfAssets	12	pure
CY2023Q4	hnna	Number Of Investment Funds NumberOfInvestmentFunds	32	pure
CY2023	hnna	Management Contracts Purchased Impairment ManagementContractsPurchasedImpairment	0	usd
CY2023Q4	hnna	Management Contracts Purchased Impairment ManagementContractsPurchasedImpairment	0	usd
CY2023Q4	hnna	Number Of Open End Mutual Funds NumberOfOpenEndMutualFunds	16	pure
CY2023Q4	hnna	Notice Period For Termination Of Agreement NoticePeriodForTerminationOfAgreement	P60D
CY2023Q4	us-gaap	Assets Fair Value Disclosure AssetsFairValueDisclosure	59417000	usd
CY2023Q4	us-gaap	Assets Fair Value Disclosure AssetsFairValueDisclosure	59417000	usd
CY2023Q3	us-gaap	Assets Fair Value Disclosure AssetsFairValueDisclosure	59392000	usd
CY2023Q3	us-gaap	Assets Fair Value Disclosure AssetsFairValueDisclosure	59392000	usd
CY2023Q4	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	206000	usd
CY2023Q4	us-gaap	Operating Lease Liability Current OperatingLeaseLiabilityCurrent	186000	usd
CY2023Q4	us-gaap	Operating Lease Liability Noncurrent OperatingLeaseLiabilityNoncurrent	0	usd
CY2023Q4	us-gaap	Operating Lease Weighted Average Remaining Lease Term1 OperatingLeaseWeightedAverageRemainingLeaseTerm1	P0Y7M6D
CY2023Q4	us-gaap	Operating Lease Weighted Average Discount Rate Percent OperatingLeaseWeightedAverageDiscountRatePercent	0.009	pure
CY2023Q4	us-gaap	Lessee Operating Lease Liability Payments Remainder Of Fiscal Year LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear	191000	usd
CY2023Q4	us-gaap	Lessee Operating Lease Liability Payments Due LesseeOperatingLeaseLiabilityPaymentsDue	191000	usd
CY2023Q4	us-gaap	Lessee Operating Lease Liability Undiscounted Excess Amount LesseeOperatingLeaseLiabilityUndiscountedExcessAmount	5000	usd
CY2023Q4	us-gaap	Operating Lease Liability OperatingLeaseLiability	186000	usd
CY2023Q4	us-gaap	Accrued Bonuses Current AccruedBonusesCurrent	554000	usd
CY2023Q3	us-gaap	Accrued Bonuses Current AccruedBonusesCurrent	2260000	usd
CY2023Q4	us-gaap	Accrued Professional Fees Current AccruedProfessionalFeesCurrent	317000	usd
CY2023Q3	us-gaap	Accrued Professional Fees Current AccruedProfessionalFeesCurrent	310000	usd
CY2023Q4	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	745000	usd
CY2023Q3	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	595000	usd
CY2023Q4	us-gaap	Accounts Payable And Accrued Liabilities Current AccountsPayableAndAccruedLiabilitiesCurrent	1616000	usd
CY2023Q3	us-gaap	Accounts Payable And Accrued Liabilities Current AccountsPayableAndAccruedLiabilitiesCurrent	3165000	usd
CY2023Q4	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.27	pure
CY2022Q4	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.258	pure
CY2023Q4	us-gaap	Investment Company Contractual Fee Waived InvestmentCompanyContractualFeeWaived	40000.00	usd
CY2022Q4	us-gaap	Investment Company Contractual Fee Waived InvestmentCompanyContractualFeeWaived	30000.00	usd
CY2023Q4	us-gaap	Other Commitment OtherCommitment	0	usd
CY2023Q4	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	7672191
CY2022Q4	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	7572454
CY2023Q4	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	1497
CY2022Q4	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	8703
CY2023Q4	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	7673688
CY2022Q4	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	7581157
CY2023Q4	us-gaap	Common Stock Dividends Per Share Cash Paid CommonStockDividendsPerShareCashPaid	0.1375

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0001437749-24-003522-index.html	Edgar Link	pending
0001437749-24-003522.txt	Edgar Link	pending
0001437749-24-003522-xbrl.zip	Edgar Link	pending
ex_606544.htm	Edgar Link	pending
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Financial_Report.xlsx	Edgar Link	pending
hnna-20231231.xsd	Edgar Link	pending
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FilingSummary.xml	Edgar Link	unprocessable
hnna-20231231_cal.xml	Edgar Link	unprocessable
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hnna20231231_10q_htm.xml	Edgar Link	completed
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report.css	Edgar Link	pending
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$HNNA
HENNESSY ADVISORS INC Stock $hnna

2024 Q1 Form 10-Q Financial Statement

#000143774924003522 Filed on February 08, 2024

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$HNNA HENNESSY ADVISORS INC Stock $hnna

2024 Q1 Form 10-Q Financial Statement

#000143774924003522 Filed on February 08, 2024

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$HNNA
HENNESSY ADVISORS INC Stock $hnna