Hour Loop, Inc
For the period ended Dec 31, 2024. Filed Mar 27, 2025.
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FY2024 · Filed Mar 27, 2025
HOUR$1.49+2.1%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Balance Sheets
(In U.S. Dollars, except for share and per share data)
As of December 31, 2024 and 2023
| December 31, 2024 | December 31, 2023 | |
|---|---|---|
| ASSETS | ||
| Current assets | ||
| Cash | $2,119,581 | $2,484,153 |
| Accounts receivable, net | 1,650,547 | 747,650 |
| Inventory, net | 14,640,632 | 14,276,555 |
| Prepaid expenses and other current assets | 327,894 | 504,973 |
| Total current assets | 18,738,654 | 18,013,331 |
| Property and equipment, net | 56,797 | 148,788 |
| Deferred tax assets | 1,060,104 | 1,304,215 |
| Operating lease right-of-use lease assets | 111,409 | 83,946 |
| Total non-current assets | 1,228,310 | 1,536,949 |
| TOTAL ASSETS | $19,966,964 | $19,550,280 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||
| Current liabilities | ||
| Accounts payable | $4,176,305 | $3,812,954 |
| Credit cards payable | 3,389,880 | 4,404,445 |
| Short-term loan | 610,967 | 652,422 |
| Operating lease liabilities-current | 114,540 | 82,269 |
| Accrued expenses and other current liabilities | 2,322,535 | 1,972,512 |
| Due to related parties | 4,192,995 | - |
| Total current liabilities | 14,807,222 | 10,924,602 |
| Non-current liabilities | ||
| Operating lease liabilities-non-current | - | 2,363 |
| Due to related parties | - | 4,170,418 |
| Total non-current liabilities | - | 4,172,781 |
| Total liabilities | 14,807,222 | 15,097,383 |
| Commitments and contingencies | - | |
| Stockholders’ equity | ||
| Preferred stock: $0.0001 par value, 10,000,000 shares authorized, none issued and outstanding as of December 31, 2024 and 2023 | - | - |
| Common stock: $0.0001 par value, 300,000,000 shares authorized, 35,143,460 and 35,082,464 shares issued and outstanding as of December 31, 2024 and 2023, respectively | 3,514 | 3,508 |
| Additional paid-in capital | 5,802,686 | 5,727,650 |
| Accumulated deficit | (595,175) | (1,252,622) |
| Accumulated other comprehensive loss | (51,283) | (25,639) |
| Total stockholders’ equity | 5,159,742 | 4,452,897 |
| TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY | $19,966,964 | $19,550,280 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.