XML 30 R19.htm IDEA: XBRL DOCUMENT
v3.21.2

Overview and Summary of Significant Accounting Policies (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2021
Overview and Summary of Significant Accounting Policies |
Disaggregation of revenue |
|  | Three months ended |  |  | Nine months ended |
|  | September 30, 2021 |  |  | September 30, 2020 |  |  | September 30, 2021 |  |  | September 30, 2020 |
HireQuest Direct |  | $ | 4,045,150 |  |  | $ | 3,023,166 |  |  | $ | 9,957,275 |  |  | $ | 9,053,150 |
HireQuest |  |  | 2,494,975 |  |  |  | 195,440 |  |  |  | 5,292,392 |  |  |  | 509,985 |
Total |  | $ | 6,540,125 |  |  | $ | 3,218,606 |  |  | $ | 15,249,667 |  |  | $ | 9,563,135 |
Intangible assets |
|  |  |  | September 30, 2021 |  |  | December 31, 2020 |
|  | Estimated useful life |  | Gross |  |  | Accumulated amortization |  |  | Net |  |  | Gross |  |  | Accumulated amortization |  |  | Net |
Finite-lived intangible assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Franchise agreements |  | 15 years |  | $ | 19,916,453 |  |  | $ | (736,923 | ) |  | $ | 19,179,530 |  |  | $ | - |  |  | $ | - |  |  | $ | - |
Internally developed software |  | 3 to 10 years |  |  | 780,524 |  |  |  | - |  |  |  | 780,524 |  |  |  | 342,697 |  |  |  | - |  |  |  | 342,697 |
Total finite-lived intangible assets |  |  |  | $ | 20,696,977 |  |  | $ | (736,923 | ) |  | $ | 19,960,054 |  |  | $ | 342,697 |  |  | $ | - |  |  | $ | 342,697 |
Diluted common shares outstanding |
|  | Three months ended |  |  | Nine months ended |
|  | September 30, 2021 |  |  | September 30, 2020 |  |  | September 30, 2021 |  |  | September 30, 2020 |
Weighted average number of common shares used in basic net income per common share |  |  | 13,482,303 |  |  |  | 13,573,086 |  |  |  | 13,461,252 |  |  |  | 13,551,507 |
Dilutive effects of unvested restricted stock and stock options |  |  | 139,635 |  |  |  | 1,777 |  |  |  | 126,333 |  |  |  | 2,112 |
Weighted average number of common shares used in diluted net income per common share |  |  | 13,621,938 |  |  |  | 13,574,863 |  |  |  | 13,587,585 |  |  |  | 13,553,619 |
Schedule of Fair Value Measures |
|  | September 30, 2021 |
Description |  | Total |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |
Cash |  | $ | 4,789,400 |  |  | $ | 4,789,400 |  |  | $ | - |  |  | $ | - |
Notes receivable |  |  | 4,172,481 |  |  |  | - |  |  |  | 4,172,481 |  |  |  | - |
Accounts receivable |  |  | 38,433,760 |  |  |  | - |  |  |  | 38,433,760 |  |  |  | - |
Notes receivable - impaired |  |  | 139,594 |  |  |  | - |  |  |  |  |  |  |  | 139,594 |
Total assets at fair value |  | $ | 47,535,235 |  |  | $ | 4,789,400 |  |  | $ | 42,606,241 |  |  | $ | 139,594 |
Term loan payable |  | $ | 3,118,461 |  |  | $ | - |  |  | $ | 3,118,461 |  |  | $ | - |
Total liabilities at fair value |  | $ | 3,118,461 |  |  | $ | - |  |  | $ | 3,118,461 |  |  | $ | - |
|  | December 31, 2020
Description |  | Total |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |
Cash |  | $ | 13,667,434 |  |  | $ | 13,667,434 |  |  | $ | - |  |  | $ | - |
Notes receivable |  |  | 7,618,191 |  |  |  | - |  |  |  | 7,618,191 |  |  |  | - |
Accounts receivable |  |  | 21,344,499 |  |  |  | - |  |  |  | 21,344,499 |  |  |  | - |
Notes receivable - impaired |  |  | 447,034 |  |  |  | - |  |  |  |  |  |  |  | 447,034 |
Total assets at fair value |  | $ | 43,077,158 |  |  | $ | 13,667,434 |  |  | $ | 28,962,690 |  |  | $ | 447,034 |

X
- References No definition available. + Details
Name: | us-gaap_AccountingPoliciesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130545-203045 + Details
Name: | us-gaap_DisaggregationOfRevenueTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of liabilities measured at fair value measured on a recurring or nonrecurring basis. Includes, but is not limited to, fair value measurements recorded and the reasons for the measurements, level within the fair value hierarchy in which the fair value measurements are categorized and transfers between levels 1 and 2. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 + Details
Name: | us-gaap_FairValueLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the effect of income (loss) on an entity's diluted earnings per share. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=121326447&loc=d3e1278-109256 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 55 -Paragraph 52 -URI http://asc.fasb.org/extlink&oid=120380238&loc=d3e4984-109258 + Details
Name: | us-gaap_ScheduleOfEarningsPerShareDilutedByCommonClassTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of goodwill and intangible assets, which may be broken down by segment or major class. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267 + Details
Name: | us-gaap_ScheduleOfIntangibleAssetsAndGoodwillTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration