$HOUR
Hour Loop, Inc

2024 Q3 Form 10-Q Financial Statement

#000149315224030876 Filed on August 09, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2
Revenue $31.08M $28.07M
YoY Change 6.6% 25.22%
Cost Of Revenue $14.04M $12.45M
YoY Change 1.57% 12.53%
Gross Profit $17.04M $15.63M
YoY Change 11.13% 37.58%
Gross Profit Margin 54.83% 55.66%
Selling, General & Admin $16.32M $14.69M
YoY Change 6.55% 20.36%
% of Gross Profit 95.76% 94.0%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $27.70K $35.65K
YoY Change -7.67% 4.95%
% of Gross Profit 0.16% 0.23%
Operating Expenses $16.32M $14.69M
YoY Change 6.55% 20.36%
Operating Profit $721.8K $937.2K
YoY Change 3913.14% -210.74%
Interest Expense -$62.86K -$61.98K
YoY Change 4.77% -0.66%
% of Operating Profit -8.71% -6.61%
Other Income/Expense, Net -$34.45K -$7.284K
YoY Change -864.59% -83.45%
Pretax Income $687.4K $929.9K
YoY Change 2956.19% -204.44%
Income Tax $217.8K $280.8K
% Of Pretax Income 31.68% 30.19%
Net Earnings $469.6K $649.2K
YoY Change -3219.33% -184.37%
Net Earnings / Revenue 1.51% 2.31%
Basic Earnings Per Share $0.01 $0.02
Diluted Earnings Per Share $0.01 $0.02
COMMON SHARES
Basic Shares Outstanding 35.13M shares 35.11M shares
Diluted Shares Outstanding 35.13M shares 35.11M shares

Balance Sheet

Concept 2024 Q3 2024 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $1.194M $3.347M
Short-Term Investments
Other Short-Term Assets $2.846K $5.013K
YoY Change -83.21% -16.48%
Inventory $29.08M $14.66M
Prepaid Expenses
Receivables $548.2K $753.2K
Other Receivables
Total Short-Term Assets $31.58M $19.23M
YoY Change 20.65% 14.92%
LONG-TERM ASSETS
Property, Plant & Equipment $80.08K $104.5K
YoY Change -54.28% -49.82%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $821.2K $990.8K
YoY Change -42.49% -38.0%
TOTAL ASSETS
Total Short-Term Assets $31.58M $19.23M
Total Long-Term Assets $821.2K $990.8K
Total Assets $32.40M $20.22M
YoY Change 17.38% 10.3%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $15.45M $5.688M
YoY Change -8.61% -23.63%
Accrued Expenses $231.7K $227.3K
YoY Change 57.05% 93.56%
Deferred Revenue
YoY Change
Short-Term Debt
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $21.55M $9.867M
YoY Change 15.82% 6.23%
LONG-TERM LIABILITIES
Long-Term Debt
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $4.170M $4.170M
YoY Change -0.13% -0.37%
TOTAL LIABILITIES
Total Short-Term Liabilities $21.55M $9.867M
Total Long-Term Liabilities $4.170M $4.170M
Total Liabilities $25.72M $14.04M
YoY Change 12.89% 4.18%
SHAREHOLDERS EQUITY
Retained Earnings $932.0K $462.3K
YoY Change -210.61% -155.87%
Common Stock $3.513K $3.510K
YoY Change 0.17% 0.09%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $6.689M $6.179M
YoY Change
Total Liabilities & Shareholders Equity $32.40M $20.22M
YoY Change 17.38% 10.3%

Cashflow Statement

Concept 2024 Q3 2024 Q2
OPERATING ACTIVITIES
Net Income $469.6K $649.2K
YoY Change -3219.33% -184.37%
Depreciation, Depletion And Amortization $27.70K $35.65K
YoY Change -7.67% 4.95%
Cash From Operating Activities -$2.181M $456.2K
YoY Change 489.48% -254.97%
INVESTING ACTIVITIES
Capital Expenditures $440.00 $16.79K
YoY Change 571.6%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$440.00 -$16.79K
YoY Change 571.6%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities
YoY Change
NET CHANGE
Cash From Operating Activities -2.181M 456.2K
Cash From Investing Activities -440.0 -16.79K
Cash From Financing Activities
Net Change In Cash -2.182M 439.5K
YoY Change 311.61% -418.74%
FREE CASH FLOW
Cash From Operating Activities -$2.181M $456.2K
Capital Expenditures $440.00 $16.79K
Free Cash Flow -$2.182M $439.5K
YoY Change 489.6% -248.01%

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us-gaap Use Of Estimates
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<p id="xdx_848_eus-gaap--UseOfEstimates_zXDrHYy6AHw2" 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_zac4nt5oId9f">Use of Estimates</span></b> - The preparation of financial statements in conformity with U.S. 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 accounts receivable, useful life of property and equipment, impairment of 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>
us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<p id="xdx_840_eus-gaap--PriorPeriodReclassificationAdjustmentDescription_zZstxMmxOI49" 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_860_z3wAr3NJbT7l">Reclassification</span> </b>- Certain amounts in the consolidated financial statements for the three and six months ended June 30, 2023 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 foreign currency gain or loss as a General and administrative expense, segregating accounts payable into separate categories: accounts payable and credit cards payable and reclassifying inventory allowance in the consolidated cash flows.</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>
CY2024Q2 us-gaap Cash Fdic Insured Amount
CashFDICInsuredAmount
250000 usd
CY2024Q2 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
645379 usd
CY2023Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
675886 usd
us-gaap Cost Of Property Repairs And Maintenance
CostOfPropertyRepairsAndMaintenance
2500 usd
CY2024Q2 us-gaap Property Plant And Equipment Useful Life
PropertyPlantAndEquipmentUsefulLife
P3Y
CY2023Q2 us-gaap Impairment Of Long Lived Assets To Be Disposed Of
ImpairmentOfLongLivedAssetsToBeDisposedOf
0 usd
us-gaap Impairment Of Long Lived Assets To Be Disposed Of
ImpairmentOfLongLivedAssetsToBeDisposedOf
0 usd
CY2024Q2 us-gaap Money Market Funds At Carrying Value
MoneyMarketFundsAtCarryingValue
92183 usd
CY2023Q4 us-gaap Money Market Funds At Carrying Value
MoneyMarketFundsAtCarryingValue
101510 usd
HOUR Sales Return Rate
SalesReturnRate
0.0594 pure
HOUR Sales Return Rate
SalesReturnRate
0.0677 pure
HOUR Shipping And Handling Costs
ShippingAndHandlingCosts
11886764 usd
HOUR Shipping And Handling Costs
ShippingAndHandlingCosts
10312496 usd
CY2023Q4 us-gaap Sales And Excise Tax Payable Current And Noncurrent
SalesAndExciseTaxPayableCurrentAndNoncurrent
288466 usd
us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p id="xdx_84B_eus-gaap--ConcentrationRiskCreditRisk_ziwukvrci22a" 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_86C_zkU9TP3Nixrf">Concentration of Credit Risks</span> -</b> Financial instruments that potentially subject the Company to concentrations of credit risk consist primarily of cash and cash equivalents and accounts receivable. The Company maintains cash and cash equivalents 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 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_90F_eus-gaap--ConcentrationRiskCustomer_c20240101__20240630_zOTIIoehx9Ld" title="Concentration risk customer">During the three and six months ended June 30, 2024 and 2023, the Company had no customer that accounted for 10% or more of total net revenues. In addition, as of June 30, 2024 and December 31, 2023, the Company had no customer that accounted for 10% or more of gross accounts receivable.</span> As of June 30, 2024 and December 31, 2023, 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 less than 7 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"><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 six months ended June 30, 2024 and 2023, approximately <span id="xdx_901_eus-gaap--ConcentrationRiskPercentage1_pid_dp_uPure_c20240101__20240630__srt--MajorCustomersAxis__custom--CustomerMember__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--SalesRevenueNetMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember_zr2xqQkUFK71" title="Concentration risk percentage">99</span>% and <span id="xdx_90D_eus-gaap--ConcentrationRiskPercentage1_pid_dp_uPure_c20230101__20230630__srt--MajorCustomersAxis__custom--CustomerMember__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--SalesRevenueNetMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember_z3tgkreyauGh" title="Concentration risk percentage">100</span>%, respectively, 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 six months ended June 30, 2024 and 2023, the Company had no customer that accounted for 10% or more of total net revenues. In addition, as of June 30, 2024 and December 31, 2023, the Company had no customer that accounted for 10% or more of gross accounts receivable.
us-gaap Advertising Expense
AdvertisingExpense
1567126 usd
CY2023Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0 shares
CY2024Q2 us-gaap Inventory Finished Goods
InventoryFinishedGoods
11355032 usd
CY2023Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
13377530 usd
CY2024Q2 us-gaap Other Inventory In Transit
OtherInventoryInTransit
3948428 usd
CY2023Q4 us-gaap Other Inventory In Transit
OtherInventoryInTransit
1574911 usd
CY2024Q2 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
645379 usd
CY2023Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
675886 usd
CY2024Q2 us-gaap Inventory Net
InventoryNet
14658081 usd
CY2023Q4 us-gaap Inventory Net
InventoryNet
14276555 usd
CY2023Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
675886 usd
CY2024Q2 us-gaap Supplies
Supplies
277656 usd
CY2023Q4 us-gaap Supplies
Supplies
49298 usd
CY2024Q2 us-gaap Prepaid Insurance
PrepaidInsurance
52445 usd
CY2023Q4 us-gaap Prepaid Insurance
PrepaidInsurance
5302 usd
CY2024Q2 us-gaap Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
82766 usd
CY2023Q4 us-gaap Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
56437 usd
CY2024Q2 HOUR Lease Refundable Deposit Current
LeaseRefundableDepositCurrent
49890 usd
CY2023Q4 HOUR Lease Refundable Deposit Current
LeaseRefundableDepositCurrent
81522 usd
CY2023Q4 us-gaap Prepaid Taxes
PrepaidTaxes
305253 usd
CY2024Q2 us-gaap Other Assets Current
OtherAssetsCurrent
5013 usd
CY2023Q4 us-gaap Other Assets Current
OtherAssetsCurrent
7161 usd
CY2024Q2 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
467770 usd
CY2023Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
504973 usd
CY2023Q4 us-gaap Income Taxes Receivable
IncomeTaxesReceivable
305253 usd
CY2024Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
383392 usd
CY2023Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
368729 usd
CY2024Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
278871 usd
CY2023Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
219941 usd
CY2024Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
104521 usd
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
148788 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
5881 usd
us-gaap Depreciation And Amortization
DepreciationAndAmortization
68634 usd
HOUR Disposal Or Pledge
DisposalOrPledge
0 usd
CY2024Q2 us-gaap Accounts Payable Current
AccountsPayableCurrent
5688328 usd
CY2023Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
3812954 usd
CY2024Q2 HOUR Credit Cards Payable
CreditCardsPayable
2283931 usd
CY2023Q4 HOUR Credit Cards Payable
CreditCardsPayable
4404445 usd
CY2023Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
3812954 usd
CY2023Q4 HOUR Credit Cards Payable
CreditCardsPayable
4404445 usd
CY2024Q2 HOUR Sales Returns
SalesReturns
1912838 usd
CY2023Q2 HOUR Sales Returns
SalesReturns
1545703 usd
HOUR Sales Returns
SalesReturns
3375923 usd
HOUR Sales Returns
SalesReturns
3218025 usd
CY2024Q2 HOUR Discounts
Discounts
399991 usd
CY2023Q2 HOUR Discounts
Discounts
481997 usd
HOUR Discounts
Discounts
705726 usd
HOUR Discounts
Discounts
804160 usd
CY2024Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
28070707 usd
CY2023Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
22417448 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
52751829 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
43485057 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
2432850 usd
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.2100 pure
us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
510898 usd
HOUR Income Tax Reconciliation Change In Enacted Tax Rate Net
IncomeTaxReconciliationChangeInEnactedTaxRateNet
42336 usd
us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
0.0037 pure
us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
IncomeTaxReconciliationChangeInEnactedTaxRate
8891 usd
us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
146590 usd
us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.0815 pure
us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
198186 usd
us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0.0000 pure
us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
-89 usd
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.2951 pure
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
717886 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-2550550 usd
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.2193 pure
us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-559248 usd
HOUR Income Tax Reconciliation Change In Enacted Tax Rate Net
IncomeTaxReconciliationChangeInEnactedTaxRateNet
81179 usd
us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
-0.0070 pure
us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
IncomeTaxReconciliationChangeInEnactedTaxRate
17800 usd
us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0.0018 pure
us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
-4490 usd
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.2140 pure
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-545938 usd
us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
488916 usd
us-gaap Federal Income Tax Expense Benefit Continuing Operations
FederalIncomeTaxExpenseBenefitContinuingOperations
488916 usd
us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
146590 usd
us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
82380 usd
us-gaap State And Local Income Tax Expense Benefit Continuing Operations
StateAndLocalIncomeTaxExpenseBenefitContinuingOperations
228970 usd
us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
146590 usd
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
571296 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
717886 usd
us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-464349 usd
us-gaap Federal Income Tax Expense Benefit Continuing Operations
FederalIncomeTaxExpenseBenefitContinuingOperations
-464349 usd
us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-81589 usd
us-gaap State And Local Income Tax Expense Benefit Continuing Operations
StateAndLocalIncomeTaxExpenseBenefitContinuingOperations
-81589 usd
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-545938 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-545938 usd
CY2024Q2 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
732919 usd
CY2023Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
1304215 usd
CY2024Q2 HOUR Deferred Tax Assets Operating Lease Right Of Use Asset
DeferredTaxAssetsOperatingLeaseRightOfUseAsset
1635 usd
CY2023Q4 HOUR Deferred Tax Assets Operating Lease Right Of Use Asset
DeferredTaxAssetsOperatingLeaseRightOfUseAsset
172 usd
CY2024Q2 us-gaap Deferred Tax Assets Inventory
DeferredTaxAssetsInventory
162064 usd
CY2023Q4 us-gaap Deferred Tax Assets Inventory
DeferredTaxAssetsInventory
169725 usd
CY2024Q2 us-gaap Operating Loss Carryforwards
OperatingLossCarryforwards
569220 usd
CY2023Q4 us-gaap Operating Loss Carryforwards
OperatingLossCarryforwards
1134318 usd
CY2024Q2 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
732919 usd
CY2023Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
1304215 usd
CY2024Q2 us-gaap Liability For Uncertain Tax Positions Current
LiabilityForUncertainTaxPositionsCurrent
0 usd
CY2023Q4 us-gaap Liability For Uncertain Tax Positions Current
LiabilityForUncertainTaxPositionsCurrent
0 usd
us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
1714964 usd
us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
-2004612 usd
HOUR Operating Loss Carry Forward Term
OperatingLossCarryForwardTerm
P20Y
CY2024Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000 shares
CY2023Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000 shares
CY2024Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2023Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2024Q2 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2023Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2024Q2 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2023Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2024Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
300000000 shares
CY2023Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
300000000 shares
CY2024Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
CY2023Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
CY2023Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
35082464 shares
CY2023Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
35082464 shares
CY2024Q2 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2024Q2 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2024Q2 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
CY2024Q2 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false

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