$HQI
HireQuest, Inc. Stock $hqi

$hqi Overview Financials Valuation SEC Filings Company Website

2021 Q3 Form 10-Q Financial Statement

#000156827621002269 Filed on November 12, 2021

Income Statement

Concept	2021 Q3	2021 Q2	2020 Q4
Revenue	$6.881M	$5.706M	$3.405M
YoY Change	103.43%	96.7%	-41.08%
Cost Of Revenue	$0.00		$0.00
YoY Change
Gross Profit	$6.881M		$3.405M
YoY Change
Gross Profit Margin	99.99%		100.0%
Selling, General & Admin	$3.044M	$2.041M	$2.158M
YoY Change	124.22%	5.67%	-25.06%
% of Gross Profit	44.24%		63.38%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$322.7K	$366.0K	$29.18K
YoY Change	706.7%	1120.0%	-90.88%
% of Gross Profit	4.69%		0.86%
Operating Expenses	$3.044M	$2.041M	$2.158M
YoY Change	124.22%	5.67%	-32.55%
Operating Profit	$3.471M	$3.300M	$1.215M
YoY Change		251.96%
Interest Expense	-$41.94K	-$20.32K	$171.5K
YoY Change	319.4%	-213.84%	-528.76%
% of Operating Profit	-1.21%	-0.62%	14.12%
Other Income/Expense, Net	-$10.23K	$126.3K	$238.4K
YoY Change	-102.62%	-56.45%	164.85%
Pretax Income	$3.519M	$3.406M	$1.443M
YoY Change	48.15%	181.81%	-45.15%
Income Tax	$324.6K	$685.9K	$86.45K
% Of Pretax Income	9.23%	20.14%	5.99%
Net Earnings	$3.194M	$2.720M	$1.356M
YoY Change	62.05%	135.07%	-60.81%
Net Earnings / Revenue	46.42%	47.66%	39.82%
Basic Earnings Per Share	$0.24	$0.20	$0.10
Diluted Earnings Per Share	$0.23	$0.20	$0.10
COMMON SHARES
Basic Shares Outstanding	13.48M shares	13.61M shares	13.59M
Diluted Shares Outstanding	13.62M shares	13.86M shares	13.73M

Balance Sheet

Concept	2021 Q3	2021 Q2	2020 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments	$4.789M	$2.205M	$13.67M
YoY Change	-53.5%	-83.97%	226.19%
Cash & Equivalents	$4.789M		$13.67M
Short-Term Investments
Other Short-Term Assets	$2.109M	$2.370M	$1.779M
YoY Change	-33.26%	-21.01%	47.0%
Inventory
Prepaid Expenses	$947.8K	$952.6K	$344.1K
Receivables	$38.43M	$35.06M	$21.34M
Other Receivables	$1.381M	$1.520M	$2.178M
Total Short-Term Assets	$46.71M	$41.15M	$38.97M
YoY Change	17.9%	6.66%	5.26%
LONG-TERM ASSETS
Property, Plant & Equipment	$3.848M	$3.837M	$3.193M
YoY Change	30.01%	37.53%	68.07%
Goodwill
YoY Change
Intangibles	$780.5K	$667.9K	$342.7K
YoY Change
Long-Term Investments
YoY Change
Other Assets	$1.306M	$1.317M	$0.00
YoY Change
Total Long-Term Assets	$28.05M	$28.57M	$10.13M
YoY Change	194.28%	197.28%	2.39%
TOTAL ASSETS
Total Short-Term Assets	$46.71M	$41.15M	$38.97M
Total Long-Term Assets	$28.05M	$28.57M	$10.13M
Total Assets	$74.76M	$69.72M	$49.10M
YoY Change	52.1%	44.68%	4.66%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$537.2K	$1.393M	$457.5K
YoY Change	5271.93%	1447.79%	83.0%
Accrued Expenses	$2.079M	$3.721M	$743.4K
YoY Change	-0.54%	144.79%	-33.02%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due	$210.2K	$97.81K
YoY Change
Total Short-Term Liabilities	$21.80M	$19.66M	$9.456M
YoY Change	112.72%	89.05%	-14.11%
LONG-TERM LIABILITIES
Long-Term Debt	$2.908M	$3.056M	$0.00
YoY Change
Other Long-Term Liabilities	$4.413M	$4.149M	$3.275M
YoY Change	37.91%	25.74%	11.76%
Total Long-Term Liabilities	$7.321M	$7.205M	$3.275M
YoY Change	128.79%	118.33%	11.76%
TOTAL LIABILITIES
Total Short-Term Liabilities	$21.80M	$19.66M	$9.456M
Total Long-Term Liabilities	$7.321M	$7.205M	$3.275M
Total Liabilities	$29.64M	$27.82M	$12.73M
YoY Change	115.85%	94.42%	-18.55%
SHAREHOLDERS EQUITY
Retained Earnings	$15.02M	$12.65M	$7.686M
YoY Change
Common Stock	$13.73K	$13.67K	$28.83M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)		$146.5K	$146.5K
YoY Change
Treasury Stock Shares		33.09K shares	$33.09K
Shareholders Equity	$45.12M	$41.90M	$36.36M
YoY Change
Total Liabilities & Shareholders Equity	$74.76M	$69.72M	$49.10M
YoY Change	52.1%	44.68%	4.66%

Cashflow Statement

Concept	2021 Q3	2021 Q2	2020 Q4
OPERATING ACTIVITIES
Net Income	$3.194M	$2.720M	$1.356M
YoY Change	62.05%	135.07%	-60.81%
Depreciation, Depletion And Amortization	$322.7K	$366.0K	$29.18K
YoY Change	706.7%	1120.0%	-90.88%
Cash From Operating Activities	$3.490M	-$533.8K	$3.940M
YoY Change	-227.84%	-112.8%	-36.03%
INVESTING ACTIVITIES
Capital Expenditures	-$114.5K	-$590.7K	-$424.6K
YoY Change	-68.18%	96.89%	84.6%
Acquisitions
YoY Change
Other Investing Activities	$59.61K	-$516.6K	$460.9K
YoY Change	-88.31%	203.86%	-94.83%
Cash From Investing Activities	-$54.92K	-$1.107M	$46.37K
YoY Change	-142.25%	140.71%	-99.47%
FINANCING ACTIVITIES
Cash Dividend Paid	$822.0K	$817.0K	$680.0K
YoY Change	21.24%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-850.3K	1.870M	-616.7K
YoY Change	-1.13%	18596.5%	-94.94%
NET CHANGE
Cash From Operating Activities	3.490M	-533.8K	3.940M
Cash From Investing Activities	-54.92K	-1.107M	46.37K
Cash From Financing Activities	-850.3K	1.870M	-616.7K
Net Change In Cash	2.585M	228.6K	3.370M
YoY Change	-174.7%	-93.85%	26.69%
FREE CASH FLOW
Cash From Operating Activities	$3.490M	-$533.8K	$3.940M
Capital Expenditures	-$114.5K	-$590.7K	-$424.6K
Free Cash Flow	$3.605M	$56.88K	$4.365M
YoY Change	-252.09%	-98.73%	-31.69%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
	hqi	Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Fair Value ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageFairValue	0
CY2021Q4	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	13735096	shares
CY2021Q3	us-gaap	Cash Cash	4789400	USD
CY2020Q4	us-gaap	Cash Cash	13667434	USD
CY2021Q3	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	38433759	USD
CY2020Q4	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	21344499	USD
CY2021Q3	us-gaap	Notes And Loans Receivable Net Current NotesAndLoansReceivableNetCurrent	1380704	USD
CY2020Q4	us-gaap	Notes And Loans Receivable Net Current NotesAndLoansReceivableNetCurrent	2178299	USD
CY2021Q3	us-gaap	Prepaid Expense Current PrepaidExpenseCurrent	947845	USD
CY2020Q4	us-gaap	Prepaid Expense Current PrepaidExpenseCurrent	344091	USD
CY2021Q3	us-gaap	Other Prepaid Expense Current OtherPrepaidExpenseCurrent	1161025	USD
CY2020Q4	us-gaap	Other Prepaid Expense Current OtherPrepaidExpenseCurrent	1434583	USD
CY2021Q3	us-gaap	Assets Current AssetsCurrent	46712733	USD
CY2020Q4	us-gaap	Assets Current AssetsCurrent	38968906	USD
CY2021Q3	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	3848260	USD
CY2020Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	3193379	USD
CY2021Q3	us-gaap	Deposits Assets Noncurrent DepositsAssetsNoncurrent	947650	USD
CY2020Q4	us-gaap	Deposits Assets Noncurrent DepositsAssetsNoncurrent	623452	USD
CY2021Q3	us-gaap	Deferred Income Tax Assets Net DeferredIncomeTaxAssetsNet	0	USD
CY2020Q4	us-gaap	Deferred Income Tax Assets Net DeferredIncomeTaxAssetsNet	79379	USD
CY2021Q3	us-gaap	Indefinite Lived Franchise Rights IndefiniteLivedFranchiseRights	19179530	USD
CY2020Q4	us-gaap	Indefinite Lived Franchise Rights IndefiniteLivedFranchiseRights	0	USD
CY2021Q3	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	780524	USD
CY2020Q4	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	342697	USD
CY2021Q3	us-gaap	Other Assets OtherAssets	357944	USD
CY2020Q4	us-gaap	Other Assets OtherAssets	0	USD
CY2021Q3	us-gaap	Notes Receivable Related Parties Noncurrent NotesReceivableRelatedPartiesNoncurrent	2931371	USD
CY2020Q4	us-gaap	Notes Receivable Related Parties Noncurrent NotesReceivableRelatedPartiesNoncurrent	5887229	USD
CY2021Q3	us-gaap	Assets Assets	74758012	USD
CY2020Q4	us-gaap	Assets Assets	49095042	USD
CY2021Q3	us-gaap	Accounts Payable Current AccountsPayableCurrent	537193	USD
CY2020Q4	us-gaap	Accounts Payable Current AccountsPayableCurrent	457490	USD
CY2021Q3	us-gaap	Loans Payable LoansPayable	210233	USD
CY2020Q4	us-gaap	Loans Payable LoansPayable	0	USD
CY2021Q3	us-gaap	Other Accrued Liabilities Current OtherAccruedLiabilitiesCurrent	4052078	USD
CY2020Q4	us-gaap	Other Accrued Liabilities Current OtherAccruedLiabilitiesCurrent	1322764	USD
CY2021Q3	us-gaap	Accrued Employee Benefits Current AccruedEmployeeBenefitsCurrent	2078659	USD
CY2020Q4	us-gaap	Accrued Employee Benefits Current AccruedEmployeeBenefitsCurrent	743431	USD
CY2021Q3	us-gaap	Due To Affiliate Current DueToAffiliateCurrent	95959	USD
CY2020Q4	us-gaap	Due To Affiliate Current DueToAffiliateCurrent	67398	USD
CY2021Q3	us-gaap	Deposits Deposits	7305952	USD
CY2020Q4	us-gaap	Deposits Deposits	3228777	USD
CY2021Q3	us-gaap	Derivative Instruments And Hedges Liabilities DerivativeInstrumentsAndHedgesLiabilities	1164598	USD
CY2020Q4	us-gaap	Derivative Instruments And Hedges Liabilities DerivativeInstrumentsAndHedgesLiabilities	858482	USD
CY2021Q3	us-gaap	Workers Compensation Liability Current WorkersCompensationLiabilityCurrent	6359143	USD
CY2020Q4	us-gaap	Workers Compensation Liability Current WorkersCompensationLiabilityCurrent	2777734	USD
CY2021Q3	us-gaap	Workers Compensation Liability Noncurrent WorkersCompensationLiabilityNoncurrent	2400955	USD
CY2020Q4	us-gaap	Workers Compensation Liability Noncurrent WorkersCompensationLiabilityNoncurrent	1806334	USD
CY2021Q3	us-gaap	Deferred Income Tax Liabilities Net DeferredIncomeTaxLiabilitiesNet	511238	USD
CY2020Q4	us-gaap	Deferred Income Tax Liabilities Net DeferredIncomeTaxLiabilitiesNet	0	USD
CY2021Q3	us-gaap	Long Term Loans Payable LongTermLoansPayable	2908228	USD
CY2020Q4	us-gaap	Long Term Loans Payable LongTermLoansPayable	0	USD
CY2021Q3	hqi	Franchisee Deposits FranchiseeDeposits	2012026	USD
CY2020Q4	hqi	Franchisee Deposits FranchiseeDeposits	1468359	USD
CY2021Q3	us-gaap	Liabilities Liabilities	29636262	USD
CY2020Q4	us-gaap	Liabilities Liabilities	12730769	USD
CY2021Q3	us-gaap	Preferred Stock Value PreferredStockValue	0	USD
CY2020Q4	us-gaap	Preferred Stock Value PreferredStockValue	0	USD
CY2021Q3	us-gaap	Common Stock Value CommonStockValue	13727	USD
CY2020Q4	us-gaap	Common Stock Value CommonStockValue	13629	USD
CY2021Q3	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	30231201	USD
CY2020Q4	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	28811389	USD
CY2021Q3	us-gaap	Treasury Stock Common Value TreasuryStockCommonValue	146465	USD
CY2020Q4	us-gaap	Treasury Stock Common Value TreasuryStockCommonValue	146465	USD
CY2021Q3	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	15023287	USD
CY2020Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	7685720	USD
CY2021Q3	us-gaap	Stockholders Equity StockholdersEquity	45121750	USD
CY2020Q4	us-gaap	Stockholders Equity StockholdersEquity	36364273	USD
CY2021Q3	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	74758012	USD
CY2020Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	49095042	USD
CY2021Q3	us-gaap	Payments For Royalties PaymentsForRoyalties	6540125	USD
CY2020Q3	us-gaap	Payments For Royalties PaymentsForRoyalties	3218606	USD
	us-gaap	Payments For Royalties PaymentsForRoyalties	15249667	USD
	us-gaap	Payments For Royalties PaymentsForRoyalties	9563135	USD
CY2021Q3	us-gaap	Health Care Organization Revenue Net Of Patient Service Revenue Provisions HealthCareOrganizationRevenueNetOfPatientServiceRevenueProvisions	341258	USD
CY2020Q3	us-gaap	Health Care Organization Revenue Net Of Patient Service Revenue Provisions HealthCareOrganizationRevenueNetOfPatientServiceRevenueProvisions	164074	USD
	us-gaap	Health Care Organization Revenue Net Of Patient Service Revenue Provisions HealthCareOrganizationRevenueNetOfPatientServiceRevenueProvisions	741027	USD
	us-gaap	Health Care Organization Revenue Net Of Patient Service Revenue Provisions HealthCareOrganizationRevenueNetOfPatientServiceRevenueProvisions	840515	USD
CY2021Q3	us-gaap	Revenues Revenues	6881383	USD
CY2020Q3	us-gaap	Revenues Revenues	3382680	USD
	us-gaap	Revenues Revenues	15990694	USD
	us-gaap	Revenues Revenues	10403650	USD
CY2021Q3	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	3044358	USD
CY2020Q3	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	1357725	USD
	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	8926751	USD
	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	6542173	USD
CY2021Q3	us-gaap	Depreciation Amortization And Accretion Net DepreciationAmortizationAndAccretionNet	366027	USD
CY2020Q3	us-gaap	Depreciation Amortization And Accretion Net DepreciationAmortizationAndAccretionNet	32438	USD
	us-gaap	Depreciation Amortization And Accretion Net DepreciationAmortizationAndAccretionNet	1064863	USD
	us-gaap	Depreciation Amortization And Accretion Net DepreciationAmortizationAndAccretionNet	96654	USD
CY2021Q3	us-gaap	Income Loss From Continuing Operations IncomeLossFromContinuingOperations	3470998	USD
CY2020Q3	us-gaap	Income Loss From Continuing Operations IncomeLossFromContinuingOperations	1992517	USD
	us-gaap	Income Loss From Continuing Operations IncomeLossFromContinuingOperations	5999080	USD
	us-gaap	Income Loss From Continuing Operations IncomeLossFromContinuingOperations	3764823	USD
CY2021Q3	us-gaap	Other Income OtherIncome	89774	USD
CY2020Q3	us-gaap	Other Income OtherIncome	392709	USD
	us-gaap	Other Income OtherIncome	4132054	USD
	us-gaap	Other Income OtherIncome	932254	USD
CY2021Q3	us-gaap	Financing Interest Expense FinancingInterestExpense	41943	USD
CY2020Q3	us-gaap	Financing Interest Expense FinancingInterestExpense	10035	USD
	us-gaap	Financing Interest Expense FinancingInterestExpense	66860	USD
	us-gaap	Financing Interest Expense FinancingInterestExpense	39174	USD
CY2021Q3	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	3518829	USD
CY2020Q3	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	2375191	USD
	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	10064274	USD
	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	4657903	USD
CY2021Q3	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	324638	USD
CY2020Q3	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	404058	USD
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	408228	USD
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	654592	USD
CY2021Q3	us-gaap	Net Income Loss NetIncomeLoss	3194191	USD
CY2020Q3	us-gaap	Net Income Loss NetIncomeLoss	1971133	USD
CY2021Q3	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.24
CY2020Q3	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.15
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.72
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.30
CY2021Q3	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.23
CY2020Q3	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.15
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.71
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.30
CY2021Q3	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	13482303	shares
CY2020Q3	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	13573086	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	13461252	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	13551507	shares
CY2021Q3	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	13621938	shares
CY2020Q3	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	13574863	shares
CY2020Q3	us-gaap	Stock Issued During Period Value Issued For Services StockIssuedDuringPeriodValueIssuedForServices	41	USD
CY2020Q3	hqi	Purchase Of Treasury Stock PurchaseOfTreasuryStock	-146465	USD
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	13587585	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	13553619	shares
CY2020Q4	us-gaap	Stockholders Equity StockholdersEquity	36364273	USD
	hqi	Stock Based Compensation StockBasedCompensation	1419812	USD
	hqi	Common Stock Dividends CommonStockDividends	-2318479	USD
	us-gaap	Stock Issued During Period Value Restricted Stock Award Gross StockIssuedDuringPeriodValueRestrictedStockAwardGross	98	USD
CY2021Q3	us-gaap	Stockholders Equity StockholdersEquity	45121750	USD
CY2019Q4	us-gaap	Stockholders Equity StockholdersEquity	31282082	USD
	hqi	Stock Based Compensation1 StockBasedCompensation1	956452	USD
	hqi	Stock Based Compensation StockBasedCompensation	-677869	USD
	us-gaap	Stock Issued During Period Value Issued For Services StockIssuedDuringPeriodValueIssuedForServices	98	USD
	hqi	Purchase Of Treasury Stock PurchaseOfTreasuryStock	-146465	USD
	us-gaap	Net Income Loss NetIncomeLoss	4003313	USD
CY2020Q3	us-gaap	Stockholders Equity StockholdersEquity	35417611	USD
CY2021Q2	us-gaap	Stockholders Equity StockholdersEquity	41898137	USD
CY2021Q3	hqi	Stock Based Compensation StockBasedCompensation	850995	USD
CY2021Q3	hqi	Common Stock Dividends CommonStockDividends	-821627	USD
CY2021Q3	us-gaap	Stock Issued During Period Value Restricted Stock Award Gross StockIssuedDuringPeriodValueRestrictedStockAwardGross	54	USD
CY2021Q3	us-gaap	Net Income Loss NetIncomeLoss	3194191	USD
CY2021Q3	us-gaap	Stockholders Equity StockholdersEquity	45121750	USD
CY2020Q2	us-gaap	Stockholders Equity StockholdersEquity	33879376	USD
CY2020Q3	hqi	Stock Based Compensation StockBasedCompensation	391395	USD
CY2020Q3	hqi	Common Stock Dividends CommonStockDividends	-677869	USD
CY2020Q3	us-gaap	Net Income Loss NetIncomeLoss	1971133	USD
CY2020Q3	us-gaap	Stockholders Equity StockholdersEquity	35417611	USD
	us-gaap	Net Income Loss NetIncomeLoss	9656046	USD
	us-gaap	Net Income Loss NetIncomeLoss	4003313	USD
	us-gaap	Adjustment For Amortization AdjustmentForAmortization	1021519	USD
	us-gaap	Adjustment For Amortization AdjustmentForAmortization	96654	USD
	us-gaap	Paid In Kind Interest PaidInKindInterest	23864	USD
	us-gaap	Paid In Kind Interest PaidInKindInterest	0	USD
	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	307440	USD
	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	1598673	USD
	us-gaap	Share Based Compensation ShareBasedCompensation	1419910	USD
	us-gaap	Share Based Compensation ShareBasedCompensation	956550	USD
	us-gaap	Deferred Income Taxes And Tax Credits DeferredIncomeTaxesAndTaxCredits	-1034912	USD
	us-gaap	Deferred Income Taxes And Tax Credits DeferredIncomeTaxesAndTaxCredits	-1415261	USD
	us-gaap	Gain Loss On Disposition Of Assets1 GainLossOnDispositionOfAssets1	1222546	USD
	us-gaap	Gain Loss On Disposition Of Assets1 GainLossOnDispositionOfAssets1	0	USD
	us-gaap	Business Combination Bargain Purchase Gain Recognized Amount BusinessCombinationBargainPurchaseGainRecognizedAmount	4961147	USD
	us-gaap	Business Combination Bargain Purchase Gain Recognized Amount BusinessCombinationBargainPurchaseGainRecognizedAmount	0	USD
	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	-4549138	USD
	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	4176715	USD
	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	-508303	USD
	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	-990773	USD
	hqi	Prepaid Workers Compensation PrepaidWorkersCompensation	273558	USD
	hqi	Prepaid Workers Compensation PrepaidWorkersCompensation	-1155571	USD
	us-gaap	Increase Decrease In Other Accounts Payable IncreaseDecreaseInOtherAccountsPayable	-239554	USD
	us-gaap	Increase Decrease In Other Accounts Payable IncreaseDecreaseInOtherAccountsPayable	-248346	USD
	us-gaap	Increase Decrease In Deferred Revenue And Customer Advances And Deposits IncreaseDecreaseInDeferredRevenueAndCustomerAdvancesAndDeposits	306116	USD
	us-gaap	Increase Decrease In Deferred Revenue And Customer Advances And Deposits IncreaseDecreaseInDeferredRevenueAndCustomerAdvancesAndDeposits	-792923	USD
	us-gaap	Increase Decrease In Accrued Liabilities And Other Operating Liabilities IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities	2703856	USD
	us-gaap	Increase Decrease In Accrued Liabilities And Other Operating Liabilities IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities	-228992	USD
	us-gaap	Increase Decrease In Employee Related Liabilities IncreaseDecreaseInEmployeeRelatedLiabilities	-764772	USD
	us-gaap	Increase Decrease In Employee Related Liabilities IncreaseDecreaseInEmployeeRelatedLiabilities	974215	USD
	hqi	Due To Franchisee DueToFranchisee	3681726	USD
	hqi	Due To Franchisee DueToFranchisee	-1299224	USD
	hqi	Workers Compensation Claim Payment Deposit WorkersCompensationClaimPaymentDeposit	6976380	USD
	hqi	Workers Compensation Claim Payment Deposit WorkersCompensationClaimPaymentDeposit	0	USD
	hqi	Workers Compensation Claims Liability WorkersCompensationClaimsLiability	-714900	USD
	hqi	Workers Compensation Claims Liability WorkersCompensationClaimsLiability	1063682	USD
	us-gaap	Net Cash Provided By Used In Continuing Operations NetCashProvidedByUsedInContinuingOperations	14820235	USD
	us-gaap	Net Cash Provided By Used In Continuing Operations NetCashProvidedByUsedInContinuingOperations	6738712	USD
	us-gaap	Cash Provided By Used In Operating Activities Discontinued Operations CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations	0	USD
	us-gaap	Cash Provided By Used In Operating Activities Discontinued Operations CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations	201440	USD
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	14820235	USD
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	6940152	USD
	us-gaap	Payments To Acquire Businesses Gross PaymentsToAcquireBusinessesGross	28973538	USD
	us-gaap	Payments To Acquire Businesses Gross PaymentsToAcquireBusinessesGross	0	USD
	us-gaap	Payments To Acquire Other Property Plant And Equipment PaymentsToAcquireOtherPropertyPlantAndEquipment	712706	USD
	us-gaap	Payments To Acquire Other Property Plant And Equipment PaymentsToAcquireOtherPropertyPlantAndEquipment	1154966	USD
	us-gaap	Proceeds From Sale Of Property Plant And Equipment ProceedsFromSaleOfPropertyPlantAndEquipment	997367	USD
	us-gaap	Proceeds From Sale Of Property Plant And Equipment ProceedsFromSaleOfPropertyPlantAndEquipment	0	USD
	us-gaap	Proceeds From Sale And Collection Of Notes Receivable ProceedsFromSaleAndCollectionOfNotesReceivable	5261111	USD
	us-gaap	Proceeds From Sale And Collection Of Notes Receivable ProceedsFromSaleAndCollectionOfNotesReceivable	0	USD
	us-gaap	Proceeds From Collection Of Notes Receivable ProceedsFromCollectionOfNotesReceivable	476927	USD
	us-gaap	Proceeds From Collection Of Notes Receivable ProceedsFromCollectionOfNotesReceivable	1565169	USD
	us-gaap	Payments To Acquire Notes Receivable PaymentsToAcquireNotesReceivable	808252	USD
	us-gaap	Payments To Acquire Notes Receivable PaymentsToAcquireNotesReceivable	276030	USD
	us-gaap	Investment Income Net InvestmentIncomeNet	437827	USD
	us-gaap	Investment Income Net InvestmentIncomeNet	186705	USD
	us-gaap	Increase Decrease In Deposits IncreaseDecreaseInDeposits	147364	USD
	us-gaap	Increase Decrease In Deposits IncreaseDecreaseInDeposits	46411	USD
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-24049554	USD
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-6121	USD
	us-gaap	Proceeds From Notes Payable ProceedsFromNotesPayable	3153500	USD
	us-gaap	Proceeds From Notes Payable ProceedsFromNotesPayable	0	USD
	us-gaap	Proceeds From Short Term Debt ProceedsFromShortTermDebt	-35039	USD
	hqi	Payments Related To Debt Issuance PaymentsRelatedToDebtIssuance	-477258	USD
	hqi	Payments Related To Debt Issuance PaymentsRelatedToDebtIssuance	0	USD
	us-gaap	Proceeds From Related Party Debt ProceedsFromRelatedPartyDebt	28561	USD
	us-gaap	Proceeds From Related Party Debt ProceedsFromRelatedPartyDebt	0	USD
	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	0	USD
	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	146465	USD
	us-gaap	Payments Of Dividends Common Stock PaymentsOfDividendsCommonStock	2318479	USD
	us-gaap	Payments Of Dividends Common Stock PaymentsOfDividendsCommonStock	677869	USD
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	351285	USD
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-824334	USD
	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	-8878034	USD
	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	6109697	USD
CY2020Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	13667434	USD
CY2019Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	4187450	USD
CY2021Q3	us-gaap	Cash Equivalents At Carrying Value CashEquivalentsAtCarryingValue	4789400	USD
CY2020Q3	us-gaap	Cash Equivalents At Carrying Value CashEquivalentsAtCarryingValue	10297147	USD
	us-gaap	Increase Decrease In Receivables IncreaseDecreaseInReceivables	1247040	USD
	us-gaap	Increase Decrease In Receivables IncreaseDecreaseInReceivables	0	USD
	us-gaap	Accounts Receivable Sale AccountsReceivableSale	0	USD
	us-gaap	Accounts Receivable Sale AccountsReceivableSale	0	USD
	us-gaap	Interest Paid InterestPaid	42997	USD
	us-gaap	Interest Paid InterestPaid	39174	USD
	us-gaap	Income Taxes Paid IncomeTaxesPaid	1239710	USD
	us-gaap	Income Taxes Paid IncomeTaxesPaid	1914935	USD
	us-gaap	Nature Of Operations NatureOfOperations	<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">HireQuest, Inc. (together with its subsidiaries, “HQI,” the “Company,” “we,” us,” or “our”) is a nationwide franchisor of offices providing on-demand labor solutions in the light industrial and blue-collar segments of the staffing industry and traditional commercial staffing. Our franchisees provide various types of temporary personnel through two business models operating under the trade names “HireQuest Direct,” “HireQuest,” “Snelling,” “LINK Staffing,” and “DriverQuest.” HireQuest Direct specializes primarily in unskilled and semi-skilled industrial and construction personnel. HireQuest, Snelling, and Link specialize primarily in skilled and semi-skilled industrial personnel, clerical and administrative personnel, and permanent placement services. DriverQuest specializes in commercial drivers serving a variety of industries and applications.</p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">On March 1, 2021, we completed our acquisition of Snelling Staffing and affiliates (“Snelling”). We acquired substantially all of the operating assets and assumed certain liabilities of Snelling for a purchase price of approximately $17.9 million. On March 22, 2021, we completed our asset acquisition of Link Staffing and affiliates (“Link”) in which we acquired all of the franchise relationships and certain other assets of Link for a purchase price of approximately $11.2 million. For additional information related to these transactions, see <em>Note 2 - Acquisitions</em>.</p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">As of September 30, 2021 we had 213 franchisee-owned offices in 36 states and the District of Columbia. We are the employer of record to approximately 80,000 employees annually, who in turn provide services to thousands of clients in various industries including construction, recycling, warehousing, logistics, auctioneering, manufacturing, hospitality, landscaping, and retail. We provide staffing, marketing, working capital funding, software, and administrative services to our franchisees.</p>
	hqi	Covid19 Pandemic Policy Tect Block COVID19PandemicPolicyTectBlock	<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">In December 2019, a novel strain of coronavirus disease ("COVID-19") was first reported in Wuhan, China. Less than four months later, on March 11, 2020, the World Health Organization declared COVID-19 a pandemic. The extent of COVID-19's ultimate effect on our operational and financial performance and the collectability of our notes receivable will depend on future developments, including the duration, spread, and intensity of the pandemic, all of which are uncertain and difficult to predict. As a result, it is not currently possible to ascertain the overall impact of COVID-19 on our business. However, the pandemic has so far had a material adverse effect on our business and results of operations. If the pandemic continues to be a severe worldwide health crisis, it could continue to have a material adverse effect on our future business, results of operations, financial condition, and cash flows.</p>
	us-gaap	Use Of Estimates UseOfEstimates	<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">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-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">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.</p>
CY2020	hqi	Allowance For Losse On Notes Receivable AllowanceForLosseOnNotesReceivable	1600000	USD
	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	17000	shares
	hqi	Premiums Taxes And Fees PremiumsTaxesAndFees	701000	USD
CY2020	us-gaap	Treasury Stock Acquired Average Cost Per Share TreasuryStockAcquiredAverageCostPerShare	6.20
CY2021Q3	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice	6.10
	us-gaap	Stock Issued During Period Value Issued For Services StockIssuedDuringPeriodValueIssuedForServices	73000	USD
CY2020	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod	61868	shares
	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Number Of Shares SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares	17000	shares
	us-gaap	Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice	0
CY2021Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber	17082	shares
CY2021Q3	us-gaap	Allowance For Doubtful Accounts Premiums And Other Receivables AllowanceForDoubtfulAccountsPremiumsAndOtherReceivables	1900000	USD
CY2020Q4	us-gaap	Allowance For Doubtful Accounts Premiums And Other Receivables AllowanceForDoubtfulAccountsPremiumsAndOtherReceivables	1600000	USD
CY2021Q3	hqi	Additional Impairment In The Value Of Note AdditionalImpairmentInTheValueOfNote	307000	USD

Files In Submission

Name	View Source	Status
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$HQI
HireQuest, Inc. Stock $hqi

2021 Q3 Form 10-Q Financial Statement

#000156827621002269 Filed on November 12, 2021

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

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$HQI HireQuest, Inc. Stock $hqi

2021 Q3 Form 10-Q Financial Statement

#000156827621002269 Filed on November 12, 2021

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$HQI
HireQuest, Inc. Stock $hqi