$HOUR
Hour Loop, Inc

2023 Q4 Form 10-Q Financial Statement

#000149315223040328 Filed on November 13, 2023

View on sec.gov

Income Statement

Concept 2023 Q4 2023 Q3 2022 Q3
Revenue $59.49M $29.15M $17.56M
YoY Change 16.14% 66.05% 68.4%
Cost Of Revenue $29.28M $13.82M $8.000M
YoY Change 10.05% 72.75% 62.76%
Gross Profit $30.21M $15.33M $9.556M
YoY Change 22.72% 60.44% 73.43%
Gross Profit Margin 50.79% 52.59% 54.43%
Selling, General & Admin $30.78M $15.31M $9.520M
YoY Change 21.05% 60.87% 78.78%
% of Gross Profit 101.89% 99.88% 99.62%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $38.00K $30.00K $17.49K
YoY Change -2.79% 71.53%
% of Gross Profit 0.13% 0.2% 0.18%
Operating Expenses $30.78M $15.31M $9.520M
YoY Change 21.05% 60.87% 78.78%
Operating Profit -$570.6K $17.99K $36.71K
YoY Change -29.65% -51.01% -80.18%
Interest Expense -$62.82K -$60.00K $22.88K
YoY Change 259.38% -362.28% -214.32%
% of Operating Profit -333.57% 62.31%
Other Income/Expense, Net $1.040K $4.505K $126.5K
YoY Change -102.84% -96.44% 55.73%
Pretax Income -$632.4K $22.49K $163.2K
YoY Change -26.9% -86.22% -33.79%
Income Tax -$222.4K $37.55K $12.96K
% Of Pretax Income 166.94% 7.94%
Net Earnings -$410.0K -$15.06K $150.2K
YoY Change -38.76% -110.02% -44.61%
Net Earnings / Revenue -0.69% -0.05% 0.86%
Basic Earnings Per Share $0.00 $0.01
Diluted Earnings Per Share -$0.01 $0.00 $4.511K
COMMON SHARES
Basic Shares Outstanding 35.08M shares 35.07M shares 35.04M shares
Diluted Shares Outstanding 35.06M shares 33.30M shares

Balance Sheet

Concept 2023 Q4 2023 Q3 2022 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.484M $560.0K $1.704M
YoY Change -45.55% -67.14% -61.74%
Cash & Equivalents $338.7K $562.6K $1.704M
Short-Term Investments
Other Short-Term Assets $199.7K $16.95K $135.0K
YoY Change 2052.85% -87.45% -60.78%
Inventory $14.28M $23.73M $21.36M
Prepaid Expenses
Receivables $747.7K $737.2K $263.4K
Other Receivables $305.2K $360.0K $175.8K
Total Short-Term Assets $18.01M $26.18M $24.18M
YoY Change -26.35% 8.25% 131.31%
LONG-TERM ASSETS
Property, Plant & Equipment $232.7K $175.1K $238.4K
YoY Change -15.12% -26.54% 394.2%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $1.304M $1.060M $312.2K
YoY Change 137.42% 239.53% 478.79%
Total Long-Term Assets $1.537M $1.428M $1.069M
YoY Change 20.62% 33.55% 946.36%
TOTAL ASSETS
Total Short-Term Assets $18.01M $26.18M $24.18M
Total Long-Term Assets $1.537M $1.428M $1.069M
Total Assets $19.55M $27.61M $25.25M
YoY Change -24.02% 9.33% 139.2%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $3.813M $16.91M $11.01M
YoY Change -67.91% 53.53% 153.98%
Accrued Expenses $2.021M $147.6K $366.5K
YoY Change 1008.48% -59.74% -54.4%
Deferred Revenue
YoY Change
Short-Term Debt $652.4K $620.0K $630.9K
YoY Change 0.02% -1.73%
Long-Term Debt Due $0.00
YoY Change
Total Short-Term Liabilities $10.92M $18.60M $17.59M
YoY Change -24.68% 5.76% 113.23%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change -100.0%
Other Long-Term Liabilities $4.173M $4.180M $151.3K
YoY Change -3.62% 2662.54%
Total Long-Term Liabilities $4.173M $4.176M $151.3K
YoY Change -5.04% 2659.91% -93.03%
TOTAL LIABILITIES
Total Short-Term Liabilities $10.92M $18.60M $17.59M
Total Long-Term Liabilities $4.173M $4.176M $151.3K
Total Liabilities $15.10M $22.78M $17.74M
YoY Change -20.12% 28.4% 70.27%
SHAREHOLDERS EQUITY
Retained Earnings -$1.253M -$842.6K $1.847M
YoY Change -206.42% -145.63%
Common Stock $3.508K $3.507K $3.505K
YoY Change 0.06% 0.06%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $4.453M $4.828M $7.511M
YoY Change
Total Liabilities & Shareholders Equity $19.55M $27.61M $25.25M
YoY Change -24.02% 9.33% 139.2%

Cashflow Statement

Concept 2023 Q4 2023 Q3 2022 Q3
OPERATING ACTIVITIES
Net Income -$410.0K -$15.06K $150.2K
YoY Change -38.76% -110.02% -44.61%
Depreciation, Depletion And Amortization $38.00K $30.00K $17.49K
YoY Change -2.79% 71.53%
Cash From Operating Activities $1.727M -$370.0K -$1.279M
YoY Change -40.92% -71.07% -171.27%
INVESTING ACTIVITIES
Capital Expenditures $4.820K $0.00
YoY Change -98.58%
Acquisitions
YoY Change
Other Investing Activities -$104.2K
YoY Change
Cash From Investing Activities -$4.820K $0.00 -$104.2K
YoY Change -93.23% -100.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -160.0K 756.5K
YoY Change -121.15% 784.51%
NET CHANGE
Cash From Operating Activities 1.727M -370.0K -1.279M
Cash From Investing Activities -4.820K 0.000 -104.2K
Cash From Financing Activities -160.0K 756.5K
Net Change In Cash 1.722M -530.0K -626.4K
YoY Change -40.34% -15.4% -133.33%
FREE CASH FLOW
Cash From Operating Activities $1.727M -$370.0K -$1.279M
Capital Expenditures $4.820K $0.00
Free Cash Flow $1.722M -$370.0K
YoY Change -33.34%

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us-gaap Stock Issued During Period Value Share Based Compensation
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us-gaap Net Income Loss
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StockholdersEquity
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us-gaap Stock Issued During Period Value New Issues
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us-gaap Stock Issued During Period Value Share Based Compensation
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us-gaap Net Income Loss
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us-gaap Net Income Loss
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CY2022Q3 us-gaap Stockholders Equity
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us-gaap Net Income Loss
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us-gaap Finance Lease Right Of Use Asset Amortization
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HOUR Deferred Tax Assets
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us-gaap Share Based Compensation
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us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
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us-gaap Increase Decrease In Inventories
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us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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us-gaap Increase Decrease In Accounts Payable
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us-gaap Increase Decrease In Accounts Payable
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us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
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us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
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us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
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us-gaap Net Cash Provided By Used In Operating Activities
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us-gaap Net Cash Provided By Used In Operating Activities
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-14525831 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
14024 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
268342 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-14024 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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us-gaap Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
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us-gaap Repayments Of Related Party Debt
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us-gaap Proceeds From Issuance Of Debt
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us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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17015 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
4562589 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
10592572 usd
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
562612 usd
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
1704106 usd
us-gaap Interest Paid Net
InterestPaidNet
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us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
362 usd
HOUR Rightofuse Of Asset And Operating Lease Liabilities Recognized
RightofuseOfAssetAndOperatingLeaseLiabilitiesRecognized
27330 usd
HOUR Rightofuse Of Asset And Operating Lease Liabilities Recognized
RightofuseOfAssetAndOperatingLeaseLiabilitiesRecognized
688440 usd
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1 segment
CY2022Q4 us-gaap Interest Bearing Deposits In Banks
InterestBearingDepositsInBanks
3623266 usd
CY2023Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
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us-gaap Net Cash Provided By Used In Operating Activities
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us-gaap Net Income Loss
NetIncomeLoss
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us-gaap Use Of Estimates
UseOfEstimates
<p id="xdx_842_eus-gaap--UseOfEstimates_zKHO5mu4szs7" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_861_zuoiFmgxe5Ri">Use of Estimates</span></b> - The preparation of financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from these estimates.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Significant estimates, include but not limited to, estimates associated with the collectability of allowance for accounts receivable, accounts receivable, useful life of property and equipment, impairment long lived assets, valuation allowance for deferred tax assets, inventory valuation and inventory provision.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>HOUR LOOP, INC.</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p>
us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<p id="xdx_846_eus-gaap--PriorPeriodReclassificationAdjustmentDescription_zXREcGPCZrMf" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_863_zkQXQy5sghwj">Reclassification</span> </b>- Certain amounts in the consolidated financial statements for the prior financials have been reclassified to conform to the current interim review presentation. These reclassifications had no impact on consolidated net earnings, consolidated financial position, or consolidated cash flows. Proposed changes involve presenting accrued interest as a current liability, and reclassifying inventory allowance, deferred tax assets, prepaid expenses and other current assets and proceeds from issuance of shares in the consolidated cash flows, and adjustments were made for the nine months ended September 30, 2022.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2023Q3 us-gaap Cash Fdic Insured Amount
CashFDICInsuredAmount
250000 usd
CY2023Q3 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
972582 usd
CY2022Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
842263 usd
us-gaap Cost Of Property Repairs And Maintenance
CostOfPropertyRepairsAndMaintenance
2500 usd
CY2023Q3 us-gaap Property Plant And Equipment Useful Life
PropertyPlantAndEquipmentUsefulLife
P3Y
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
4562589 usd
CY2022Q4 us-gaap Accounts Payable Other Current
AccountsPayableOtherCurrent
349288 usd
CY2023Q3 us-gaap Accrued Liabilities And Other Liabilities
AccruedLiabilitiesAndOtherLiabilities
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CY2022Q4 us-gaap Accrued Liabilities And Other Liabilities
AccruedLiabilitiesAndOtherLiabilities
1742972 usd
HOUR Sales Return Rate
SalesReturnRate
0.0645 pure
HOUR Sales Return Rate
SalesReturnRate
0.0612 pure
HOUR Shipping And Handling Costs
ShippingAndHandlingCosts
17091747 usd
HOUR Shipping And Handling Costs
ShippingAndHandlingCosts
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CY2023Q3 us-gaap Sales And Excise Tax Payable Current And Noncurrent
SalesAndExciseTaxPayableCurrentAndNoncurrent
288482 usd
CY2022Q4 us-gaap Sales And Excise Tax Payable Current And Noncurrent
SalesAndExciseTaxPayableCurrentAndNoncurrent
288466 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
274195 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
14024 usd
CY2022 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
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us-gaap Depreciation And Amortization
DepreciationAndAmortization
100441 usd
CY2022 us-gaap Depreciation And Amortization
DepreciationAndAmortization
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us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p id="xdx_848_eus-gaap--ConcentrationRiskCreditRisk_zycUv1nykiqj" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_86D_zLIX949wNVNb">Concentrations of Risks</span></b> - Financial instruments that potentially subject the Company to concentrations of credit risk consist primarily of cash and accounts receivable. The Company maintains cash with various domestic and foreign financial institutions of high credit quality. The Company performs periodic evaluations of the relative credit standing of all of the aforementioned institutions.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company’s accounts receivable are derived from sales contracts with a large number of customers and get disbursement from Amazon. The Company maintains reserves for potential credit losses on customer accounts when deemed necessary. Significant customers are those which represent more than 10% of the Company’s total net revenue or gross accounts receivable balance at the balance sheet date. <span id="xdx_90E_eus-gaap--ConcentrationRiskCustomer_c20230101__20230930_zdgWNZhDKRMk" title="Concentration risk customer">During the three and nine months ended September 30, 2023 and 2022, the Company had no customer that accounted for 10% or more of total net revenues. In addition, as of September 30, 2023 and 2022, the Company had no customer that accounted for 10% or more of gross accounts receivable</span>. As of September 30, 2023 and December 31, 2022, all of the Company’s accounts receivable were held by the Company’s sales platform agent, Amazon, which collects money on the Company’s behalf from its customers.   Therefore, the Company’s accounts receivable are comprised of receivables due from Amazon and the reimbursement from Amazon to the Company usually takes 15 to 20 days.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company’s business is reliant on one key vendor which currently provides the Company with its sales platform, logistics and fulfillment operations, including certain warehousing for the Company’s net goods, and invoicing and collection of its revenue from the Company’s end customers. During the three and nine months ended September 30, 2023 and 2022, approximately <span id="xdx_90A_eus-gaap--ConcentrationRiskPercentage1_pid_dp_uPure_c20230101__20230930__srt--MajorCustomersAxis__custom--CustomerMember__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--SalesRevenueNetMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember_zmDpobxbCk4i" title="Concentration risk percentage"><span id="xdx_90A_eus-gaap--ConcentrationRiskPercentage1_pid_dp_uPure_c20220101__20220930__srt--MajorCustomersAxis__custom--CustomerMember__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--SalesRevenueNetMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember_zLxeZ46zS7j8" title="Concentration risk percentage">100</span></span>% of the Company’s revenue was through or with the Amazon sales platform.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
us-gaap Concentration Risk Customer
ConcentrationRiskCustomer
During the three and nine months ended September 30, 2023 and 2022, the Company had no customer that accounted for 10% or more of total net revenues. In addition, as of September 30, 2023 and 2022, the Company had no customer that accounted for 10% or more of gross accounts receivable
us-gaap Advertising Expense
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us-gaap Advertising Expense
AdvertisingExpense
1518345 usd
HOUR Disposal Or Pledge
DisposalOrPledge
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CY2022 HOUR Disposal Or Pledge
DisposalOrPledge
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CashAndDueFromBanks
230094 usd
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CashAndDueFromBanks
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332518 usd
CY2023Q3 us-gaap Inventory Finished Goods
InventoryFinishedGoods
20154070 usd
CY2022Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
14911735 usd
CY2023Q3 us-gaap Other Inventory In Transit
OtherInventoryInTransit
4543719 usd
CY2022Q4 us-gaap Other Inventory In Transit
OtherInventoryInTransit
4732057 usd
CY2023Q3 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
972582 usd
CY2022Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
842263 usd
CY2023Q3 us-gaap Inventory Net
InventoryNet
23725207 usd
CY2022Q4 us-gaap Inventory Net
InventoryNet
18801529 usd
CY2022Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
842263 usd
CY2021Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
184720 usd
HOUR Inventory Provision
InventoryProvision
130319 usd
CY2022 HOUR Inventory Provision
InventoryProvision
665356 usd
CY2022 HOUR Inventory Write Off
InventoryWriteOff
7813 usd
CY2023Q3 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
972582 usd
CY2022Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
842263 usd
CY2023Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
350377 usd
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PropertyPlantAndEquipmentGross
353574 usd
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AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
175238 usd
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
79379 usd
CY2023Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
175139 usd
CY2023Q3 us-gaap Supplies
Supplies
575650 usd
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Supplies
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PrepaidInsurance
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OtherPrepaidExpenseCurrent
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CY2022Q4 us-gaap Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
55731 usd
CY2023Q3 HOUR Lease Refundable Deposit Current
LeaseRefundableDepositCurrent
77171 usd
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LeaseRefundableDepositCurrent
80235 usd
CY2023Q3 us-gaap Prepaid Taxes
PrepaidTaxes
365197 usd
CY2022Q4 us-gaap Prepaid Taxes
PrepaidTaxes
413895 usd
CY2023Q3 us-gaap Other Assets Current
OtherAssetsCurrent
16953 usd
CY2022Q4 us-gaap Other Assets Current
OtherAssetsCurrent
9277 usd
CY2023Q3 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
1153552 usd
CY2022Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
741243 usd
CY2023Q3 us-gaap Income Taxes Receivable
IncomeTaxesReceivable
365197 usd
CY2022Q4 us-gaap Income Taxes Receivable
IncomeTaxesReceivable
413895 usd
CY2023Q3 HOUR Accrued Sales Tax Payable Current
AccruedSalesTaxPayableCurrent
288482 usd
CY2022Q4 HOUR Accrued Sales Tax Payable Current
AccruedSalesTaxPayableCurrent
288466 usd
CY2023Q3 us-gaap Accrued Salaries Current
AccruedSalariesCurrent
247972 usd
CY2022Q4 us-gaap Accrued Salaries Current
AccruedSalariesCurrent
295673 usd
CY2022Q4 us-gaap Accrued Bonuses Current
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468209 usd
CY2023Q3 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
147551 usd
CY2022Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
182294 usd
CY2023Q3 us-gaap Interest And Dividends Payable Current
InterestAndDividendsPayableCurrent
171578 usd
CY2022Q4 us-gaap Interest And Dividends Payable Current
InterestAndDividendsPayableCurrent
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AccountsPayableOtherCurrent
45071 usd
CY2022Q4 us-gaap Income Tax Examination Penalties And Interest Accrued
IncomeTaxExaminationPenaltiesAndInterestAccrued
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CY2022Q4 us-gaap Accrued Bonuses Current
AccruedBonusesCurrent
468209 usd
us-gaap Interest Expense
InterestExpense
171578 usd
CY2023Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
171626 usd
CY2022Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
385216 usd
CY2023Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
5598 usd
CY2022Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
64945 usd
CY2023Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
195047 usd
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
450721 usd
HOUR Noncash Lease Expenses
NoncashLeaseExpenses
262913 usd
HOUR Noncash Lease Expenses
NoncashLeaseExpenses
310161 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
280333 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
283244 usd
CY2023Q3 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
98645 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
79309 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
2331 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
180285 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
3061 usd
CY2023Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
177224 usd
CY2023Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
171626 usd
CY2023Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
5598 usd
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.2190 pure
CY2022 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.2100 pure
us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.0385 pure
CY2022 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.0383 pure
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.2575 pure
CY2022 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.2483 pure
us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
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CY2022Q3 HOUR Revenue Gross
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CY2023Q3 HOUR Discounts
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CY2022Q3 HOUR Discounts
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HOUR Discounts
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CY2023Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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24184 usd
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CY2023Q3 HOUR Outside Services Expense
OutsideServicesExpense
71865 usd
CY2022Q3 HOUR Outside Services Expense
OutsideServicesExpense
60939 usd
HOUR Outside Services Expense
OutsideServicesExpense
177241 usd
HOUR Outside Services Expense
OutsideServicesExpense
193859 usd
CY2023Q3 us-gaap Franchisor Costs
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18000 usd
us-gaap Franchisor Costs
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CY2023Q3 HOUR General And Administrative Office Expense
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15601 usd
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8646 usd
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GeneralAndAdministrativeOfficeExpense
67785 usd
CY2023Q3 HOUR General And Administrative Software Subscriptions Expense
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46294 usd
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GeneralAndAdministrativeSoftwareSubscriptionsExpense
13773 usd
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GeneralAndAdministrativeSoftwareSubscriptionsExpense
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57945 usd
CY2022Q3 HOUR Manpower Recruitment Advertising Expense
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ManpowerRecruitmentAdvertisingExpense
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CY2023Q3 us-gaap Travel And Entertainment Expense
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CY2023Q3 us-gaap General And Administrative Expense
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CommonStockSharesAuthorized
300000000 shares
CY2023Q3 us-gaap Common Stock Par Or Stated Value Per Share
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CY2023Q3 us-gaap Common Stock Shares Issued
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CY2023Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
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CY2022Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
35047828 shares
CY2022Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
35047828 shares

Files In Submission

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FilingSummary.xml Edgar Link unprocessable
hour-20230930_cal.xml Edgar Link unprocessable
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0001493152-23-040328-index.html Edgar Link pending
0001493152-23-040328.txt Edgar Link pending
0001493152-23-040328-xbrl.zip Edgar Link pending
ex31-1.htm Edgar Link pending
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ex32-1.htm Edgar Link pending
Financial_Report.xlsx Edgar Link pending
form10-q.htm Edgar Link pending
hour-20230930.xsd Edgar Link pending
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hour-20230930_def.xml Edgar Link unprocessable
hour-20230930_lab.xml Edgar Link unprocessable
hour-20230930_pre.xml Edgar Link unprocessable
form10-q_htm.xml Edgar Link completed
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