HyreCar Inc. (HYRE) financial statements (2022 and earlier)

Company profile

Business Address 915 WILSHIRE AVE
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)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments11,4994,92410,6576,765
Cash and cash equivalents11,4994,92410,6576,765
Restricted cash and investments3,248   
Receivables16310985161
Deferred costs 33 21
Deposits current assets95749  
Other current assets1,062314379128
Total current assets:16,0676,12911,1217,075
Noncurrent Assets
Property, plant and equipment58911
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 liabilities8,4456,6353,1371,636
Accounts payable5,5672,2762,233857
Accrued liabilities2,8774,359904776
Employee-related liabilities   3
Deferred revenue527665
Debt 1,555  
Due to related parties  1010
Self insurance reserve2,3302,1131,333348
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
Stockholders' equity
Stockholders' equity attributable to parent5,617(4,510)6,8355,353
Common stock0000
Additional paid in capital75,80739,72535,85821,857
Accumulated deficit(70,190)(44,236)(29,015)(16,497)
Stockholders' equity note, subscriptions receivable  (7)(7)
Total stockholders' equity:5,617(4,510)6,8355,353
TOTAL LIABILITIES AND EQUITY:16,4446,31311,3797,398

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues35,71625,23215,8559,777
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 expense1,994(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 taxes2,054   
Loss from continuing operations before income taxes:(25,953)(15,220)(12,518)(11,243)
Income tax expense(1)(1)(1)(1)
Net loss available to common stockholders, diluted:(25,954)(15,221)(12,518)(11,244)

Comprehensive Income ($ in thousands)

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 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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