SEC Comment Letter 0000000000-22-013200 to HyreCar Inc. (CIK 0001713832)
HyreCar Inc. (CIK 0001713832)
Date: Dec. 7, 2022 · CIK: 0001713832 · Accession: 0000000000-22-013200
AI Filing Summary & Sentiment
File numbers found in text: 001-38561
Letter
United States securities and exchange commission logo December 7, 2022 Joseph Furnari Chief Executive Officer HyreCar Inc. 915 Wilshire Blvd, Suite 1950 Los Angeles, CA 90017 Re:HyreCar Inc. Form 10-K for the Fiscal Year Ended December 31, 2021 Filed March 15, 2022 File No. 001-38561 Dear Joseph Furnari: We have limited our review of your filing to the financial statements and related disclosures and have the following comments. In some of our comments, we may ask you to provide us with information so we may better understand your disclosure. Please respond to these comments within ten business days by providing the requested information or advise us as soon as possible when you will respond. If you do not believe our comments apply to your facts and circumstances, please tell us why in your response. After reviewing your response to these comments, we may have additional comments. Form 10-K for the Fiscal Year Ended December 31, 2021 Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations Reconciliation of Non-GAAP Financial Measures, page 27 1.Please remove the adjustment "changes in the liabilities for insurance reserves" to arrive at the non-GAAP measure Adjusted EBITDA in future filings. Refer to Question 100.01 and 100.04 of the Compliance and Disclosure Interpretations on Non-GAAP Financial Measures. Item 9A. Controls and Procedures, page 32 2.Please amend your filing to provide the disclosures required by Item 308(a) of Regulation S-K.
FirstName LastNameJoseph Furnari Comapany NameHyreCar Inc. December 7, 2022 Page 2 FirstName LastName Joseph Furnari HyreCar Inc. December 7, 2022 Page 2 In closing, we remind you that the company and its management are responsible for the accuracy and adequacy of their disclosures, notwithstanding any review, comments, action or absence of action by the staff. You may contact Stephen Kim at 202-551-3291 or Theresa Brillant at 202-551-3307 with any questions. Sincerely, Division of Corporation Finance Office of Trade & Services
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United States securities and exchange commission logo
December 7, 2022
Joseph Furnari
Chief Executive Officer
HyreCar Inc.
915 Wilshire Blvd, Suite 1950
Los Angeles, CA 90017
Re:HyreCar Inc.
Form 10-K for the Fiscal Year Ended December 31, 2021
Filed March 15, 2022
File No. 001-38561
Dear Joseph Furnari:
We have limited our review of your filing to the financial statements and related
disclosures and have the following comments. In some of our comments, we may ask you to
provide us with information so we may better understand your disclosure.
Please respond to these comments within ten business days by providing the requested
information or advise us as soon as possible when you will respond. If you do not believe our
comments apply to your facts and circumstances, please tell us why in your response.
After reviewing your response to these comments, we may have additional comments.
Form 10-K for the Fiscal Year Ended December 31, 2021
Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations
Reconciliation of Non-GAAP Financial Measures, page 27
1.Please remove the adjustment "changes in the liabilities for insurance reserves" to arrive at
the non-GAAP measure Adjusted EBITDA in future filings. Refer to Question 100.01
and 100.04 of the Compliance and Disclosure Interpretations on Non-GAAP Financial
Measures.
Item 9A. Controls and Procedures, page 32
2.Please amend your filing to provide the disclosures required by Item 308(a) of Regulation
S-K.
FirstName LastNameJoseph Furnari
Comapany NameHyreCar Inc.
December 7, 2022 Page 2
FirstName LastName
Joseph Furnari
HyreCar Inc.
December 7, 2022
Page 2
In closing, we remind you that the company and its management are responsible for the
accuracy and adequacy of their disclosures, notwithstanding any review, comments, action or
absence of action by the staff.
You may contact Stephen Kim at 202-551-3291 or Theresa Brillant at 202-551-3307 with
any questions.
Sincerely,
Division of Corporation Finance
Office of Trade & Services