HyreCar Inc. (HYRE) financial statements (2021 and earlier)

Company profile

Business Address 355 SOUTH GRAND AVENUE
LOS ANGELES, CA 90071
State of Incorp. DE
Fiscal Year End December 31
SIC 751 - Automotive Rental And Leasing, Without Drivers (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)

12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments4,92410,6576,765
Cash and cash equivalents4,92410,6576,765
Receivables10985161
Deferred costs33 21
Deposits current assets749  
Other current assets314379128
Total current assets:6,12911,1217,075
Noncurrent Assets
Property, plant and equipment8911
Intangible assets, net (including goodwill)80154222
Intangible assets, net (excluding goodwill)80154222
Other noncurrent assets959590
Total noncurrent assets:183258322
TOTAL ASSETS:6,31311,3797,398
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities6,6353,1371,636
Accounts payable2,2762,233857
Accrued liabilities4,359904776
Employee-related liabilities  3
Deferred revenue7665
Debt1,555  
Due to related parties 1010
Self insurance reserve2,1131,333348
Other undisclosed current liabilities  51
Total current liabilities:10,3794,5442,045
Noncurrent Liabilities
Long-term debt and lease obligation445  
Long-term debt, excluding current maturities445  
Total noncurrent liabilities:445  
Total liabilities:10,8234,5442,045
Stockholders' equity
Stockholders' equity attributable to parent(4,510)6,8355,353
Common stock000
Additional paid in capital39,72535,85821,857
Accumulated deficit(44,236)(29,015)(16,497)
Stockholders' equity note, subscriptions receivable (7)(7)
Total stockholders' equity:(4,510)6,8355,353
TOTAL LIABILITIES AND EQUITY:6,31311,3797,398

Income statement (P&L) ($ in thousands)

12/31/2020
12/31/2019
12/31/2018
Revenues25,23215,8559,777
Principal transactions revenue, net11,3916,6243,479
Cost of revenue(16,961)(9,843)(5,132)
Gross profit:8,2706,0124,645
Operating expenses(23,523)(18,702)(13,804)
Operating loss:(15,253)(12,690)(9,159)
Nonoperating income (expense)33172(2,084)
Other nonoperating income (expense)57174(44)
Interest and debt expense(24)(3)(2,040)
Other undisclosed income from continuing operations before equity method investments, income taxes2432,040
Loss from continuing operations before income taxes:(15,220)(12,518)(11,243)
Income tax expense(1)(1)(1)
Net loss available to common stockholders, diluted:(15,221)(12,518)(11,244)

Comprehensive Income ($ in thousands)

12/31/2020
12/31/2019
12/31/2018
Net loss:(15,221)(12,518)(11,244)
Comprehensive loss, net of tax, attributable to parent:(15,221)(12,518)(11,244)

Statements sources

The financial statements are based on the company's filings with the 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.

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