HireQuest Inc
For the period ended Sep 30, 2024. Filed Nov 8, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Nov 8, 2024
HQI$18.20+3.5%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets
| (in thousands, except par value data) | September 30, 2024 | December 31, 2023 |
|---|---|---|
| ASSETS | (unaudited) | (audited) |
| Current assets | ||
| Cash | $1,621 | $1,342 |
| Accounts receivable, net of allowance of $395 and $199 | 50,492 | 44,394 |
| Notes receivable | 1,628 | 1,788 |
| Prepaid expenses, deposits, and other assets | 2,576 | 3,283 |
| Prepaid workers' compensation | 1,726 | 646 |
| Total current assets | 58,043 | 51,453 |
| Property and equipment, net | 4,157 | 4,280 |
| Workers’ compensation claim payment deposit | 1,127 | 1,469 |
| Deferred tax asset | 1,762 | 325 |
| Franchise agreements, net | 20,163 | 21,440 |
| Other intangible assets, net | 8,569 | 10,162 |
| Goodwill | 1,075 | 5,870 |
| Other assets | 63 | 102 |
| Notes receivable, net of current portion and allowance of $623 thousand | 6,810 | 7,834 |
| Intangible asset held for sale - discontinued operations | 891 | 891 |
| Total assets | $102,660 | $103,826 |
| LIABILITIES AND STOCKHOLDERS' EQUITY | ||
| Current liabilities | ||
| Accounts payable | $773 | $137 |
| Line of credit | 13,403 | 14,119 |
| Term loan payable | 219 | 514 |
| Other current liabilities | 1,666 | 2,338 |
| Accrued payroll, benefits, and payroll taxes | 3,160 | 4,286 |
| Due to franchisees | 11,013 | 9,881 |
| Risk management incentive program liability | 680 | 565 |
| Workers' compensation claims liability | 3,736 | 3,871 |
| Total current liabilities | 34,650 | 35,711 |
| Term loan payable, net of current portion | - | 132 |
| Workers' compensation claims liability, net of current portion | 2,673 | 2,766 |
| Franchisee deposits | 2,422 | 2,485 |
| Total liabilities | 39,745 | 41,094 |
| Commitments and contingencies (Note 11) | ||
| Stockholders' equity | ||
| Preferred stock - $0.001 par value, 1,000 shares authorized; none issued | - | - |
| Common stock - $0.001 par value, 30,000 shares authorized; 14,068 and 13,997 shares issued, respectively | 14 | 14 |
| Additional paid-in capital | 35,776 | 34,527 |
| Treasury stock, at cost - 40 shares | (146) | (146) |
| Retained earnings | 27,271 | 28,337 |
| Total stockholders' equity | 62,915 | 62,732 |
| Total liabilities and stockholders' equity | $102,660 | $103,826 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.