2022 Q4 Form 10-Q Financial Statement

#000143774922025898 Filed on November 04, 2022

View on sec.gov

Income Statement

Concept 2022 Q4 2022 Q3 2022 Q2
Revenue $4.158M $9.361M $9.288M
YoY Change -38.57% 36.03% 62.77%
Cost Of Revenue $1.123M $947.0K
YoY Change
Gross Profit $8.049M $8.238M $8.341M
YoY Change 21.98% 19.72%
Gross Profit Margin 193.58% 88.0% 89.8%
Selling, General & Admin $4.723M $2.395M $3.530M
YoY Change 6.44% -21.33% 72.99%
% of Gross Profit 58.68% 29.07% 42.32%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $263.0K $601.0K $610.0K
YoY Change -51.44% 86.25% 66.67%
% of Gross Profit 3.27% 7.3% 7.31%
Operating Expenses $4.723M $2.395M $4.140M
YoY Change 6.44% -21.33% 102.88%
Operating Profit $2.782M $5.242M $4.201M
YoY Change 67.28% 51.02% 27.31%
Interest Expense $112.0K $100.0K -$55.00K
YoY Change -48.59% -338.44% 170.67%
% of Operating Profit 4.03% 1.91% -1.31%
Other Income/Expense, Net -$26.00K -$99.00K $1.458M
YoY Change -103.06% 867.74% 1054.39%
Pretax Income $2.693M $5.094M $5.604M
YoY Change 11.11% 44.76% 64.55%
Income Tax $49.00K $946.0K $847.0K
% Of Pretax Income 1.82% 18.57% 15.11%
Net Earnings $2.718M $4.246M $4.891M
YoY Change 23.89% 32.93% 79.83%
Net Earnings / Revenue 65.37% 45.36% 52.66%
Basic Earnings Per Share $0.20 $0.31 $0.36
Diluted Earnings Per Share $0.20 $0.31 $357.2K
COMMON SHARES
Basic Shares Outstanding 13.88M 13.61M 13.79M
Diluted Shares Outstanding 13.74M 13.68M 13.69M

Balance Sheet

Concept 2022 Q4 2022 Q3 2022 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $3.049M $1.535M $1.128M
YoY Change 142.85% -67.95% -48.84%
Cash & Equivalents $3.049M $1.535M $1.128M
Short-Term Investments
Other Short-Term Assets $2.336M $2.390M $2.529M
YoY Change 127.1% 13.33% 6.72%
Inventory
Prepaid Expenses $1.833M $1.313M
Receivables $45.73M $45.69M $45.68M
Other Receivables $817.0K $1.272M $1.494M
Total Short-Term Assets $51.93M $50.88M $50.83M
YoY Change 23.63% 8.93% 23.52%
LONG-TERM ASSETS
Property, Plant & Equipment $4.353M $4.397M $4.438M
YoY Change -2.27% 14.26% 15.66%
Goodwill $5.870M $1.075M
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $325.0K $447.0K $1.663M
YoY Change -2.69% -65.76% 26.27%
Total Long-Term Assets $51.35M $38.88M $39.07M
YoY Change 45.28% 38.65% 36.75%
TOTAL ASSETS
Total Short-Term Assets $51.93M $50.88M $50.83M
Total Long-Term Assets $51.35M $38.88M $39.07M
Total Assets $103.3M $89.77M $89.90M
YoY Change 33.52% 20.08% 28.94%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $448.0K $206.0K $629.0K
YoY Change -60.21% -61.65% -54.85%
Accrued Expenses $5.602M $3.411M $2.381M
YoY Change 51.92% 64.1% -36.01%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $13.25M $2.905M $3.493M
YoY Change 3372.16% 1281.82% 3471.21%
Total Short-Term Liabilities $36.78M $25.62M $28.65M
YoY Change 71.3% 17.48% 45.71%
LONG-TERM LIABILITIES
Long-Term Debt $3.291M $3.429M $3.645M
YoY Change 15.23% 17.91% 19.29%
Other Long-Term Liabilities $4.898M $4.833M $5.713M
YoY Change -15.79% 9.52% 37.69%
Total Long-Term Liabilities $8.189M $8.262M $9.358M
YoY Change 186.73% 12.85% 29.88%
TOTAL LIABILITIES
Total Short-Term Liabilities $36.78M $25.62M $28.65M
Total Long-Term Liabilities $8.189M $8.262M $9.358M
Total Liabilities $45.03M $33.88M $38.01M
YoY Change 47.07% 14.31% 36.61%
SHAREHOLDERS EQUITY
Retained Earnings $25.54M $23.66M
YoY Change 55.79% 57.47%
Common Stock $14.00K $14.00K
YoY Change -99.95% 1.99%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares $40.00K $40.00K
Shareholders Equity $58.25M $55.89M $51.89M
YoY Change
Total Liabilities & Shareholders Equity $103.3M $89.77M $89.90M
YoY Change 33.52% 20.08% 28.94%

Cashflow Statement

Concept 2022 Q4 2022 Q3 2022 Q2
OPERATING ACTIVITIES
Net Income $2.718M $4.246M $4.891M
YoY Change 23.89% 32.93% 79.83%
Depreciation, Depletion And Amortization $263.0K $601.0K $610.0K
YoY Change -51.44% 86.25% 66.67%
Cash From Operating Activities $5.569M $2.226M $3.640M
YoY Change 117.43% -36.22% -781.9%
INVESTING ACTIVITIES
Capital Expenditures $401.0K -$474.0K -$358.0K
YoY Change -148.63% 313.83% -39.39%
Acquisitions
YoY Change
Other Investing Activities -$13.03M $288.0K -$314.0K
YoY Change 184.88% 383.14% -39.21%
Cash From Investing Activities -$13.43M -$186.0K -$672.0K
YoY Change 148.78% 238.67% -39.31%
FINANCING ACTIVITIES
Cash Dividend Paid $833.0K $827.0K $827.0K
YoY Change 1.34% 0.61% 1.22%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 9.371M -1.633M -3.666M
YoY Change -1441.67% 92.05% -296.08%
NET CHANGE
Cash From Operating Activities 5.569M 2.226M 3.640M
Cash From Investing Activities -13.43M -186.0K -672.0K
Cash From Financing Activities 9.371M -1.633M -3.666M
Net Change In Cash 1.514M 407.0K -698.0K
YoY Change -142.84% -84.25% -405.34%
FREE CASH FLOW
Cash From Operating Activities $5.569M $2.226M $3.640M
Capital Expenditures $401.0K -$474.0K -$358.0K
Free Cash Flow $5.168M $2.700M $3.998M
YoY Change 52.63% -25.09% 6928.83%

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CY2022Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.31
CY2021Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.24
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.72
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.72
CY2022Q3 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.30
CY2021Q3 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.23
us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.69
us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.71
CY2022Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0.01
CY2021Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0.02
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0
CY2022Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.31
CY2021Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.23
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.71
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.71
CY2022Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
13610000
CY2021Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
13482000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
13598000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
13461000
CY2022Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
13677000
CY2021Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
13622000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
13688000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
13588000
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
46735000 usd
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1893000 usd
us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
2479000 usd
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
0 usd
us-gaap Net Income Loss
NetIncomeLoss
9741000 usd
CY2022Q3 us-gaap Stockholders Equity
StockholdersEquity
55890000 usd
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
36364000 usd
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1420000 usd
us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
2318000 usd
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
0 usd
us-gaap Net Income Loss
NetIncomeLoss
9656000 usd
CY2021Q3 us-gaap Stockholders Equity
StockholdersEquity
45122000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
279000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-8878000 usd
CY2022Q3 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
828000 usd
CY2022Q2 us-gaap Stockholders Equity
StockholdersEquity
51888000 usd
CY2022Q3 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
0 usd
CY2022Q3 us-gaap Net Income Loss
NetIncomeLoss
4246000 usd
CY2022Q3 us-gaap Stockholders Equity
StockholdersEquity
55890000 usd
CY2021Q2 us-gaap Stockholders Equity
StockholdersEquity
41899000 usd
CY2021Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
851000 usd
CY2021Q3 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
822000 usd
CY2021Q3 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
0 usd
CY2021Q3 us-gaap Net Income Loss
NetIncomeLoss
3194000 usd
CY2021Q3 us-gaap Stockholders Equity
StockholdersEquity
45122000 usd
us-gaap Net Income Loss
NetIncomeLoss
9741000 usd
us-gaap Net Income Loss
NetIncomeLoss
9656000 usd
us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
277000 usd
us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
-0 usd
us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
9464000 usd
us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
9656000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
1777000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
1022000 usd
us-gaap Paid In Kind Interest
PaidInKindInterest
72000 usd
us-gaap Paid In Kind Interest
PaidInKindInterest
24000 usd
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
233000 usd
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
307000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
1892000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
1420000 usd
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-473000 usd
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-1035000 usd
us-gaap Gain Loss On Disposition Of Intangible Assets
GainLossOnDispositionOfIntangibleAssets
-2233000 usd
us-gaap Gain Loss On Disposition Of Intangible Assets
GainLossOnDispositionOfIntangibleAssets
-1222000 usd
hqi Gain Loss On Bargain Purchase
GainLossOnBargainPurchase
-0 usd
hqi Gain Loss On Bargain Purchase
GainLossOnBargainPurchase
4961000 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
1393000 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
4549000 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
745000 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
508000 usd
hqi Increase Decrease In Prepaid Workers Compensation
IncreaseDecreaseInPrepaidWorkersCompensation
504000 usd
hqi Increase Decrease In Prepaid Workers Compensation
IncreaseDecreaseInPrepaidWorkersCompensation
-274000 usd
us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
-2434000 usd
us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
-240000 usd
hqi Increase Decrease In Risk Management Incentive Program Liability
IncreaseDecreaseInRiskManagementIncentiveProgramLiability
-433000 usd
hqi Increase Decrease In Risk Management Incentive Program Liability
IncreaseDecreaseInRiskManagementIncentiveProgramLiability
306000 usd
us-gaap Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
-320000 usd
us-gaap Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
2704000 usd
us-gaap Increase Decrease In Accrued Salaries
IncreaseDecreaseInAccruedSalaries
-389000 usd
us-gaap Increase Decrease In Accrued Salaries
IncreaseDecreaseInAccruedSalaries
-765000 usd
us-gaap Increase Decrease In Due To Affiliates
IncreaseDecreaseInDueToAffiliates
3884000 usd
us-gaap Increase Decrease In Due To Affiliates
IncreaseDecreaseInDueToAffiliates
3682000 usd
us-gaap Increase Decrease In Deposits Outstanding
IncreaseDecreaseInDepositsOutstanding
284000 usd
us-gaap Increase Decrease In Deposits Outstanding
IncreaseDecreaseInDepositsOutstanding
-6976000 usd
us-gaap Increase Decrease In Workers Compensation Liabilities
IncreaseDecreaseInWorkersCompensationLiabilities
-1806000 usd
us-gaap Increase Decrease In Workers Compensation Liabilities
IncreaseDecreaseInWorkersCompensationLiabilities
-715000 usd
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
10774000 usd
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
14820000 usd
us-gaap Cash Provided By Used In Operating Activities Discontinued Operations
CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations
535000 usd
us-gaap Cash Provided By Used In Operating Activities Discontinued Operations
CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations
0 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
11309000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
14820000 usd
us-gaap Payments To Acquire Businesses Gross
PaymentsToAcquireBusinessesGross
19133000 usd
us-gaap Payments To Acquire Businesses Gross
PaymentsToAcquireBusinessesGross
28973000 usd
us-gaap Payments To Acquire Other Property Plant And Equipment
PaymentsToAcquireOtherPropertyPlantAndEquipment
100000 usd
us-gaap Payments To Acquire Other Property Plant And Equipment
PaymentsToAcquireOtherPropertyPlantAndEquipment
713000 usd
us-gaap Proceeds From Divestiture Of Businesses
ProceedsFromDivestitureOfBusinesses
9317000 usd
us-gaap Proceeds From Divestiture Of Businesses
ProceedsFromDivestitureOfBusinesses
997000 usd
us-gaap Proceeds From Sale Of Notes Receivable
ProceedsFromSaleOfNotesReceivable
0 usd
us-gaap Proceeds From Sale Of Notes Receivable
ProceedsFromSaleOfNotesReceivable
5261000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
1256000 usd
us-gaap Proceeds From Collection Of Notes Receivable
ProceedsFromCollectionOfNotesReceivable
610000 usd
us-gaap Proceeds From Collection Of Notes Receivable
ProceedsFromCollectionOfNotesReceivable
477000 usd
us-gaap Payments To Acquire Notes Receivable
PaymentsToAcquireNotesReceivable
50000 usd
us-gaap Payments To Acquire Notes Receivable
PaymentsToAcquireNotesReceivable
808000 usd
us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
976000 usd
us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
438000 usd
hqi Net Change In Franchisee Deposits
NetChangeInFranchiseeDeposits
184000 usd
hqi Net Change In Franchisee Deposits
NetChangeInFranchiseeDeposits
147000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-10148000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-24050000 usd
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
-0 usd
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
477000 usd
us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
0 usd
us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
28000 usd
us-gaap Payments Of Dividends
PaymentsOfDividends
2479000 usd
us-gaap Payments Of Dividends
PaymentsOfDividends
2318000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-882000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
352000 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
13667000 usd
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
1535000 usd
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
4789000 usd
us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
350000 usd
us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
1247000 usd
us-gaap Accounts Receivable Sale
AccountsReceivableSale
1800000 usd
us-gaap Accounts Receivable Sale
AccountsReceivableSale
0 usd
us-gaap Interest Paid Net
InterestPaidNet
185000 usd
us-gaap Interest Paid Net
InterestPaidNet
43000 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
3025000 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
1240000 usd
CY2022Q3 hqi Number Of Offices
NumberOfOffices
225 pure
CY2022Q3 us-gaap Number Of States In Which Entity Operates
NumberOfStatesInWhichEntityOperates
38 pure
CY2022Q3 dei Entity Number Of Employees
EntityNumberOfEmployees
75000 pure
us-gaap Use Of Estimates
UseOfEstimates
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;"><b><i>Use of Estimates</i></b></p> <p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;">The preparation of financial statements requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenue and expenses. Actual results could differ from those estimates.</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;text-align:justify;margin:0pt;">Significant estimates and assumptions underlie our workers’ compensation claim liabilities, our workers’ compensation risk management incentive program accrual, our deferred taxes, the reserve for losses on notes receivable, and the estimated fair value of assets acquired and liabilities assumed, including goodwill.</p> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p>
CY2022Q3 us-gaap Line Of Credit Facility Interest Rate At Period End
LineOfCreditFacilityInterestRateAtPeriodEnd
0.049 pure
CY2022Q3 us-gaap Notes Receivable Net
NotesReceivableNet
3700000 usd
CY2022Q3 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
27000 usd
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
26000 usd
CY2022Q3 hqi Royalty Fees Percentage Of Payroll
RoyaltyFeesPercentageOfPayroll
0.045 pure
CY2022Q3 hqi Revenue Percentage Of Gross Margin
RevenuePercentageOfGrossMargin
0.180 pure
CY2022Q3 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
7433000 usd
CY2021Q3 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
6540000 usd
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
21226000 usd
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
15250000 usd
CY2022Q3 hqi License Fee Percentage Of Gross Margin
LicenseFeePercentageOfGrossMargin
0.090 pure
CY2022Q3 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
405000 usd
CY2022Q3 hqi Impairment Reserve On Notes Receivable
ImpairmentReserveOnNotesReceivable
1600000 usd
CY2021Q4 hqi Impairment Reserve On Notes Receivable
ImpairmentReserveOnNotesReceivable
1500000 usd
us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
0 usd
CY2022Q3 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
28470000 usd
CY2022Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
2814000 usd
CY2022Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
25656000 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
26121000 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
1421000 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
24700000 usd
CY2022Q3 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
32096000 usd
CY2022Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
2814000 usd
CY2022Q3 us-gaap Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
29282000 usd
CY2021Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
28347000 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
1421000 usd
CY2021Q4 us-gaap Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
26926000 usd
us-gaap Line Of Credit Facility Unused Capacity Commitment Fee Percentage
LineOfCreditFacilityUnusedCapacityCommitmentFeePercentage
0.0025 pure
CY2021Q4 us-gaap Goodwill
Goodwill
0 usd
CY2022Q3 us-gaap Goodwill
Goodwill
1075000 usd
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
240000
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
229000
CY2022Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
13610000
CY2021Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
13482000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
13598000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
13461000
CY2022Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
67000
CY2021Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
140000
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
90000
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
127000
CY2022Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
13677000
CY2021Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
13622000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
13688000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
13588000
CY2021Q2 us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
3200000 usd
us-gaap Defined Contribution Plan Employer Matching Contribution Percent
DefinedContributionPlanEmployerMatchingContributionPercent
0.04 pure
CY2022Q3 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
16000 usd
CY2021Q3 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
14000 usd
us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
47000 usd
us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
41000 usd
us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<p style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; font-variant: normal; margin: 0pt; text-align: justify;"><i><b>Reclassification</b></i></p> <p style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; font-variant: normal; margin: 0pt; text-align: justify;">Certain prior year amounts have been reclassified for consistency with the current year presentation. These reclassifications had <em style="font: inherit;">no</em> effect on the reported results of operations.</p> <p style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; font-variant: normal; margin: 0pt; text-align: justify;"> </p>
hqi Franchised And Owned Branch Locations
FranchisedAndOwnedBranchLocations
225 pure
CY2021Q1 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.05
CY2021Q1 us-gaap Payments Of Dividends
PaymentsOfDividends
680000 usd
CY2021Q2 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.06
CY2021Q2 us-gaap Payments Of Dividends
PaymentsOfDividends
817000 usd
CY2021Q3 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.06
CY2021Q3 us-gaap Payments Of Dividends
PaymentsOfDividends
822000 usd
CY2021Q4 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.06
CY2021Q4 us-gaap Payments Of Dividends
PaymentsOfDividends
822000 usd
CY2022Q1 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.06
CY2022Q1 us-gaap Payments Of Dividends
PaymentsOfDividends
822000 usd
CY2022Q2 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.06
CY2022Q2 us-gaap Payments Of Dividends
PaymentsOfDividends
827000 usd
CY2022Q3 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.06
CY2022Q3 us-gaap Payments Of Dividends
PaymentsOfDividends
827000 usd
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
13000
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
13000
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
5.47
CY2021Q4 hqi Sharebased Compensation Arrangement By Sharebased Payment Award Option Outstanding Weighted Average Exercise Price Ending Balance
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionOutstandingWeightedAverageExercisePriceEndingBalance
2.98 pure
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
0
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
0
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
0
CY2022Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
13000
CY2022Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
5.47
CY2022Q3 hqi Sharebased Compensation Arrangement By Sharebased Payment Award Option Outstanding Weighted Average Exercise Price Ending Balance
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionOutstandingWeightedAverageExercisePriceEndingBalance
2.98 pure
CY2022Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedNumberOfShares
0
CY2022Q3 us-gaap Share Price
SharePrice
14.09
CY2022Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
13000
CY2022Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
5.47
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P5Y6M
CY2022Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
96000 usd
CY2022Q3 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
2000000.0 usd
us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P3Y10M24D
CY2021Q4 us-gaap Due From Affiliates
DueFromAffiliates
2900000 usd
CY2022Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.186 pure
CY2021Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.092 pure
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.166 pure
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.041 pure
CY2022Q3 us-gaap Discontinued Operation Tax Effect Of Discontinued Operation
DiscontinuedOperationTaxEffectOfDiscontinuedOperation
32000 usd
us-gaap Discontinued Operation Tax Effect Of Discontinued Operation
DiscontinuedOperationTaxEffectOfDiscontinuedOperation
89000 usd
CY2021 us-gaap Discontinued Operation Tax Effect Of Discontinued Operation
DiscontinuedOperationTaxEffectOfDiscontinuedOperation
0 usd
CY2021Q4 us-gaap Notes Receivable Net
NotesReceivableNet
3900000 usd
CY2022Q3 us-gaap Interest Income Operating
InterestIncomeOperating
51000 usd
CY2021Q3 us-gaap Interest Income Operating
InterestIncomeOperating
54000 usd
us-gaap Interest Income Operating
InterestIncomeOperating
198000 usd
us-gaap Interest Income Operating
InterestIncomeOperating
285000 usd
CY2022Q3 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
405000 usd

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