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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

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