HyreCar Inc. (HYRE) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
915 WILSHIRE AVE LOS ANGELES, CA 90071 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 751 - Automotive Rental And Leasing, Without Drivers (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 9/30/2022 MRQ | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | |||
|---|---|---|---|---|---|---|---|
| ASSETS | |||||||
| Current Assets | |||||||
| Cash, cash equivalents, and short-term investments | 11,499 | 4,924 | 10,657 | 6,765 | |||
| Cash and cash equivalents | 11,499 | 4,924 | 10,657 | 6,765 | |||
| Restricted cash and investments | 3,248 | ||||||
| Receivables | 163 | 109 | 85 | 161 | |||
| Deferred costs | 33 | 21 | |||||
| Deposits current assets | 95 | 749 | |||||
| Other current assets | 1,062 | 314 | 379 | 128 | |||
| Total current assets: | 16,067 | 6,129 | 11,121 | 7,075 | |||
| Noncurrent Assets | |||||||
| Property, plant and equipment | 5 | 8 | 9 | 11 | |||
| Intangible assets, net (including goodwill) | 373 | 80 | 154 | 222 | |||
| Intangible assets, net (excluding goodwill) | 373 | 80 | 154 | 222 | |||
| Other noncurrent assets | 95 | 95 | 90 | ||||
| Total noncurrent assets: | 378 | 183 | 258 | 322 | |||
| TOTAL ASSETS: | 16,444 | 6,313 | 11,379 | 7,398 | |||
| LIABILITIES AND EQUITY | |||||||
| Liabilities | |||||||
| Current Liabilities | |||||||
| Accounts payable and accrued liabilities | 8,445 | 6,635 | 3,137 | 1,636 | |||
| Employee-related liabilities | ✕ | 3 | |||||
| Accounts payable | 5,567 | 2,276 | 2,233 | 857 | |||
| Accrued liabilities | 2,877 | 4,359 | 904 | 776 | |||
| Deferred revenue | 52 | 76 | 65 | ✕ | |||
| Debt | 1,555 | ||||||
| Self insurance reserve | 2,330 | 2,113 | 1,333 | 348 | |||
| Due to related parties | 10 | 10 | |||||
| Other undisclosed current liabilities | 51 | ||||||
| Total current liabilities: | 10,827 | 10,379 | 4,544 | 2,045 | |||
| Noncurrent Liabilities | |||||||
| Long-term debt and lease obligation | 445 | ||||||
| Long-term debt, excluding current maturities | 445 | ||||||
| Total noncurrent liabilities: | 445 | ||||||
| Total liabilities: | 10,827 | 10,823 | 4,544 | 2,045 | |||
| Equity | |||||||
| Equity, attributable to parent | 5,617 | (4,510) | 6,835 | 5,353 | |||
| Common stock | 0 | 0 | 0 | 0 | |||
| Additional paid in capital | 75,807 | 39,725 | 35,858 | 21,857 | |||
| Accumulated deficit | (70,190) | (44,236) | (29,015) | (16,497) | |||
| Stockholders' equity note, subscriptions receivable | (7) | (7) | |||||
| Total equity: | 5,617 | (4,510) | 6,835 | 5,353 | |||
| TOTAL LIABILITIES AND EQUITY: | 16,444 | 6,313 | 11,379 | 7,398 | |||
Income Statement (P&L) ($ in thousands)
| 9/30/2022 TTM | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|
| Revenues | 35,716 | 25,232 | 15,855 | 9,777 | ||
| Principal transactions revenue, net | ✕ | 11,391 | 6,624 | 3,479 | ||
| Cost of revenue | (25,943) | (16,961) | (9,843) | (5,132) | ||
| Gross profit: | 9,773 | 8,270 | 6,012 | 4,645 | ||
| Operating expenses | (37,751) | (23,523) | (18,702) | (13,804) | ||
| Operating loss: | (27,977) | (15,253) | (12,690) | (9,159) | ||
| Nonoperating income (expense) | (2,024) | 33 | 172 | (2,084) | ||
| Other nonoperating income (expense) | (2,012) | 57 | 174 | (44) | ||
| Interest and debt expense | 1,994 | (24) | (3) | (2,040) | ||
| Other undisclosed income from continuing operations before equity method investments, income taxes | 24 | 3 | 2,040 | |||
| Loss from continuing operations before equity method investments, income taxes: | (28,007) | (15,220) | (12,518) | (11,243) | ||
| Other undisclosed income from continuing operations before income taxes | 2,054 | |||||
| Loss from continuing operations before income taxes: | (25,953) | (15,220) | (12,518) | (11,243) | ||
| Income tax expense | (1) | (1) | (1) | (1) | ||
| Loss from continuing operations: | (25,954) | (15,221) | (12,518) | (11,244) | ||
| Loss before gain (loss) on sale of properties: | ✕ | (25,954) | (15,221) | (12,518) | (11,244) | |
| Net loss available to common stockholders, diluted: | (25,954) | (15,221) | (12,518) | (11,244) | ||
Comprehensive Income ($ in thousands)
| 9/30/2022 TTM | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|
| Net loss: | (25,954) | (15,221) | (12,518) | (11,244) | ||
| Comprehensive loss, net of tax, attributable to parent: | (25,954) | (15,221) | (12,518) | (11,244) | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.