$HOUR
Hour Loop, Inc

2021 Q4 Form 10-K Financial Statement

#000149315222008802 Filed on April 01, 2022

View on sec.gov

Income Statement

Concept 2021 Q4 2020 Q4 2020
Revenue $31.40M $21.19M $38.66M
YoY Change 48.2% 45.51%
Cost Of Revenue $14.13M $8.631M $16.49M
YoY Change 63.69% 16.63%
Gross Profit $17.27M $12.56M $22.17M
YoY Change 37.55% 78.36%
Gross Profit Margin 55.0% 59.26% 57.35%
Selling, General & Admin $13.92M $9.955M $18.33M
YoY Change 39.79% 42.96%
% of Gross Profit 80.57% 79.28% 82.68%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $450.00 $0.00
YoY Change
% of Gross Profit 0.0% 0.0%
Operating Expenses $13.92M $9.955M $18.33M
YoY Change 39.79% 42.96%
Operating Profit $3.356M $2.602M $3.841M
YoY Change 28.97% -1080.38%
Interest Expense -$26.18K -$28.96K -$43.27K
YoY Change -9.6% -16.45%
% of Operating Profit -0.78% -1.11% -1.13%
Other Income/Expense, Net -$80.66K $13.52K $28.09K
YoY Change -696.6% 48.23%
Pretax Income $3.249M $2.587M $3.825M
YoY Change 25.61% -1000.98%
Income Tax $734.0K $0.00
% Of Pretax Income 22.59% 0.0%
Net Earnings $2.515M $2.587M $3.825M
YoY Change -2.77% -1000.98%
Net Earnings / Revenue 8.01% 12.21% 9.9%
Basic Earnings Per Share
Diluted Earnings Per Share $75.53K $55.75K $82.44K
COMMON SHARES
Basic Shares Outstanding
Diluted Shares Outstanding

Balance Sheet

Concept 2021 Q4 2020 Q4 2020
SHORT-TERM ASSETS
Cash & Short-Term Investments $10.59M $4.968M
YoY Change 492.17%
Cash & Equivalents $10.59M $4.968M $4.966M
Short-Term Investments
Other Short-Term Assets $4.162K $201.0K
YoY Change 737.23%
Inventory $7.042M $4.362M
Prepaid Expenses $120.9K
Receivables $126.0K $216.7K
Other Receivables $0.00 $0.00
Total Short-Term Assets $18.73M $9.748M
YoY Change 111.33%
LONG-TERM ASSETS
Property, Plant & Equipment $15.67K $99.45K
YoY Change -9.35%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $45.49K
YoY Change
Total Long-Term Assets $91.27K $99.45K
YoY Change -9.35%
TOTAL ASSETS
Total Short-Term Assets $18.73M $9.748M
Total Long-Term Assets $91.27K $99.45K
Total Assets $18.82M $9.847M
YoY Change 108.52%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $9.539M $3.204M
YoY Change 15.43%
Accrued Expenses $116.7K $1.400M
YoY Change 70.08%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $20.96K
YoY Change -84.85%
Total Short-Term Liabilities $16.16M $5.666M
YoY Change 49.61%
LONG-TERM LIABILITIES
Long-Term Debt $6.050K
YoY Change -98.96%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $0.00 $6.050K
YoY Change -98.96%
TOTAL LIABILITIES
Total Short-Term Liabilities $16.16M $5.666M
Total Long-Term Liabilities $0.00 $6.050K
Total Liabilities $16.16M $5.672M
YoY Change 29.88%
SHAREHOLDERS EQUITY
Retained Earnings $2.655M
YoY Change
Common Stock $3.330K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.654M $4.021M $4.175M
YoY Change
Total Liabilities & Shareholders Equity $18.82M $9.847M
YoY Change 108.52%

Cashflow Statement

Concept 2021 Q4 2020 Q4 2020
OPERATING ACTIVITIES
Net Income $2.515M $2.587M $3.825M
YoY Change -2.77% -1000.98%
Depreciation, Depletion And Amortization $450.00 $0.00
YoY Change
Cash From Operating Activities $6.190M $2.436M $3.825M
YoY Change 154.12% -838.46%
INVESTING ACTIVITIES
Capital Expenditures -$16.12K
YoY Change
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$16.12K
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -37.26K 159.3K 299.3K
YoY Change -123.39% -41.21%
NET CHANGE
Cash From Operating Activities 6.190M 2.436M 3.825M
Cash From Investing Activities -16.12K
Cash From Financing Activities -37.26K 159.3K 299.3K
Net Change In Cash 6.136M 2.595M $0.00
YoY Change 136.47% -100.0%
FREE CASH FLOW
Cash From Operating Activities $6.190M $2.436M $3.825M
Capital Expenditures -$16.12K
Free Cash Flow $6.206M $3.825M
YoY Change

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2020Q4 us-gaap Property Plant And Equipment Net
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CY2020Q4 us-gaap Deferred Income Tax Assets Net
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CY2021Q4 us-gaap Long Term Debt Current
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CY2020Q4 us-gaap Taxes Payable Current
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USD
CY2021Q4 us-gaap Long Term Debt Noncurrent
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USD
CY2021Q4 us-gaap Preferred Stock Value
PreferredStockValue
USD
CY2020 us-gaap Income Tax Expense Benefit
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USD
CY2020 us-gaap Depreciation
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USD
CY2020 HOUR Noncash Forgiven Borrowing
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CY2020 us-gaap Payments To Acquire Property Plant And Equipment
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CY2020 us-gaap Net Cash Provided By Used In Investing Activities
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CY2020 us-gaap Proceeds From Contributions From Parent
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CY2021 us-gaap Proceeds From Repayments Of Short Term Debt
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CY2021 us-gaap Proceeds From Repayments Of Other Long Term Debt
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CY2021 HOUR Repayments Of Net Change In Line Of Credit
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CY2021 us-gaap Interest Paid Net
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CY2020Q4 us-gaap Deferred Tax Assets Inventory
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CY2021 us-gaap Income Taxes Paid Net
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CY2021Q4 us-gaap Deferred Tax Assets Valuation Allowance
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CY2020Q4 us-gaap Deferred Tax Assets Valuation Allowance
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CY2020Q4 us-gaap Deferred Tax Assets Net
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CY2020 us-gaap Income Taxes Paid Net
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CY2021 us-gaap Noncash Or Part Noncash Acquisition Net Nonmonetary Assets Acquired Liabilities Assumed1
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CY2020 HOUR Noncash Distribution To Stockholders
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CY2020 HOUR Manpower Recruitment Advertising Expense
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CY2020 HOUR Noncash Shortterm Debt From Related Parties
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CY2020Q4 us-gaap Property Plant And Equipment Net
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CY2020Q4 us-gaap Other Prepaid Expense Current
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CY2020Q4 us-gaap Prepaid Taxes
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CY2021Q4 us-gaap Accrued Payroll Taxes Current
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CY2020 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
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CY2020 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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pure
CY2020 us-gaap Effective Income Tax Rate Continuing Operations
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pure
CY2020Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
USD
CY2020Q4 HOUR Deferred Tax Assets Right Of Use Asset
DeferredTaxAssetsRightOfUseAsset
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