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 11,4994,92410,6576,765
Cash and cash equivalents 11,4994,92410,6576,765
Restricted cash and investments 3,248   
Receivables 16310985161
Deferred costs  33 21
Deposits current assets 95749  
Other current assets 1,062314379128
Total current assets: 16,0676,12911,1217,075
Noncurrent Assets
Property, plant and equipment 58911
Intangible assets, net (including goodwill) 37380154222
Intangible assets, net (excluding goodwill) 37380154222
Other noncurrent assets  959590
Total noncurrent assets: 378183258322
TOTAL ASSETS: 16,4446,31311,3797,398
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 8,4456,6353,1371,636
Employee-related liabilities   3
Accounts payable 5,5672,2762,233857
Accrued liabilities 2,8774,359904776
Deferred revenue 527665
Debt  1,555  
Self insurance reserve 2,3302,1131,333348
Due to related parties   1010
Other undisclosed current liabilities    51
Total current liabilities: 10,82710,3794,5442,045
Noncurrent Liabilities
Long-term debt and lease obligation  445  
Long-term debt, excluding current maturities  445  
Total noncurrent liabilities:  445  
Total liabilities: 10,82710,8234,5442,045
Equity
Equity, attributable to parent 5,617(4,510)6,8355,353
Common stock 0000
Additional paid in capital 75,80739,72535,85821,857
Accumulated deficit (70,190)(44,236)(29,015)(16,497)
Stockholders' equity note, subscriptions receivable   (7)(7)
Total equity: 5,617(4,510)6,8355,353
TOTAL LIABILITIES AND EQUITY: 16,4446,31311,3797,398

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

9/30/2022
TTM
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues 35,71625,23215,8559,777
Principal transactions revenue, net 11,3916,6243,479
Cost of revenue (25,943)(16,961)(9,843)(5,132)
Gross profit: 9,7738,2706,0124,645
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)33172(2,084)
Other nonoperating income (expense) (2,012)57174(44)
Interest and debt expense 1,994(24)(3)(2,040)
Other undisclosed income from continuing operations before equity method investments, income taxes  2432,040
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.

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