HireQuest, Inc.
For the period ended Dec 31, 2025. Filed Mar 31, 2026.
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FY2025 · Filed Mar 31, 2026
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Item 9A. Controls and Procedures
Evaluation of Disclosure Controls and Procedures
Under the supervision and with the participation of our management, including our Chief Executive Officer and Chief Financial Officer, we have evaluated the effectiveness of our disclosure controls and procedures as required by Exchange Act Rule 13a-15(b) as of the end of the period covered by this report. Based on that evaluation, our Chief Executive Officer and Chief Financial Officer have concluded that our disclosure controls and procedures were effective as of December 31, 2025.
Management's Annual Report on Internal Control Over Financial Reporting
Our management is responsible for establishing and maintaining adequate internal control over financial reporting (as defined in Rules 13a-15(f) and 15d-15(f) under the Exchange Act). Under the supervision and with the participation of our management, including our Chief Executive Officer and Chief Financial Officer, we conducted an evaluation of the effectiveness of our internal control over financial reporting based on the framework set forth by the Committee of Sponsoring Organizations of the Treadway Commission inInternal Control—Integrated Framework (2013). Internal control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles and includes those policies and procedures that:
| a) | pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the Company; |
| b) | provide reasonable assurance that transactions are recorded as necessary to permit the preparation of financial statements in accordance with generally accepted accounting principles and that receipts and expenditures of the Company are being made only in accordance with authorizations of our management and directors; and |
| c) | provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use or disposition of the Company’s assets that could have a material effect on the financial statements. |
A system of controls, no matter how well designed and operated, cannot provide absolute assurance that the objectives of the system of controls are met, and no evaluation of controls can provide absolute assurance that all control issues and instances of fraud, if any, within a company have been detected.
Remediation of Previously Reported Material Weakness
As previously disclosed, we identified a material weakness in our internal control over financial reporting related to insufficient accounting resources to address the volume and complexity of technical accounting matters and to maintain adequate review procedures and segregation of duties. During 2024 and 2025, we implemented a comprehensive remediation plan, which included:
| ● | Augmenting accounting resources through the hiring of additional personnel with appropriate technical accounting experience to support the volume and complexity of financial reporting matters; |
| ● | Enhancing formal review controls over significant accounting areas, including technical accounting matters, manual journal entries, account reconciliations, and financial statement preparation, with evidence of review and approval by appropriate levels of management; |
| ● | Engaging qualified third-party specialists to support accounting for complex transactions, including acquisitions, valuations, and implementing management review controls over the methodologies, assumptions, and conclusions of such specialists; |
| ● | Improving segregation of duties through reassignment of responsibilities and modification of system access rights, including restricting the ability administer user access within the accounting system; and |
| ● | Strengthening period-end close and executive oversight controls, including more robust and documented review of monthly and quarterly financial results by senior management. |
Management performed testing of the design and operating effectiveness of these controls and concluded that they have been operating effectively for a sufficient period of time. Accordingly, management has concluded that the material weakness has been effectively remediated as of December 31, 2025.
Management’s Conclusion on Internal Control Over Financial Reporting
Based on the evaluation described above, management concluded that the Company’s internal control over financial reporting was effective as of December 31, 2025.
Changes in Internal Control Over Financial Reporting
During the quarter ended December 31, 2025, there were no changes in the Company’s internal control over financial reporting that materially affected, or are reasonably likely to materially affect, the Company’s internal control over financial reporting.
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