Notification That Annual Report Will Be Submitted Late (nt 10-k)
31 Mars 2022 - 11:19PM
Edgar (US Regulatory)
UNITED
STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM
12b-25 |
SEC
FILE NUMBER |
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001-41204 |
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|
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CUSIP
NUMBER |
|
NOTIFICATION
OF LATE FILING |
44170P
106 |
(Check
one): |
☒ Form
10-K ☐ Form 20-F ☐ Form 11-K ☐ Form 10-Q ☐ Form 10-D ☐ Form N-CEN ☐ Form N-CSR |
|
|
|
For Period
Ended: December 31, 2021
☐Transition
Report on Form 10-K
☐Transition
Report on Form 20-F
☐ Transition
Report on Form 11-K
☐ Transition
Report on Form 10-Q
|
|
|
|
For the Transition Period Ended: ____________________ |
Read
Instruction (on back page) Before Preparing Form. Please Print or Type.
Nothing in this form shall be construed to imply that the Commission has verified any information contained herein.
If
the notification relates to a portion of the filing checked above, identify the Item(s) to which the notification relates:
PART
I — REGISTRANT INFORMATION
Hour
Loop, Inc. |
Full
Name of Registrant |
|
N/A |
Former
Name if Applicable |
|
8201
164th Ave NE #200 |
Address
of Principal Executive Office (Street and Number) |
|
Redmond,
WA 98052-7615 |
City,
State and Zip Code |
PART
II — RULES 12b-25(b) AND (c)
If
the subject report could not be filed without unreasonable effort or expense and the registrant seeks relief pursuant to Rule 12b-25(b),
the following should be completed. (Check box if appropriate)
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(a) |
The reason described in
reasonable detail in Part III of this form could not be eliminated without unreasonable effort or expense; |
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☒ |
(b) |
The subject annual report,
semi-annual report, transition report on Form 10-K, Form 20-F, Form 11-K, Form N-CEN or Form N-CSR, or portion thereof, will be filed
on or before the fifteenth calendar day following the prescribed due date; or the subject quarterly report or transition report on
Form 10-Q or subject distribution report on Form 10-D, or portion thereof, will be filed on or before the fifth calendar day following
the prescribed due date; and |
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(c) |
The accountant’s
statement or other exhibit required by Rule 12b-25(c) has been attached if applicable. |
PART
III — NARRATIVE
State
below in reasonable detail why Forms 10-K, 20-F, 11-K, 10-Q, 10-D, N-CEN, N-CSR, or the transition report or portion thereof, could not
be filed within the prescribed time period. (Attach extra Sheets if Needed)
Hour
Loop, Inc. (the “Company”) has determined that it is unable to file its Annual Report on Form 10-K for the year ended December
31, 2021 (the “Form 10-K”) by March 31, 2022, the original due date for such filing, without unreasonable effort or expense
because it requires additional time to complete its financial statements and other information for inclusion in the Form 10-K. The Company
needs additional time to verify a few items on the financial statements and in the footnotes thereto, including the following:
| 1. | Details
regarding general and administrative expenses; |
| | |
| 2. | Accounting
for loan forgiveness; and |
| | |
| 3. | Details
regarding other income. |
The
Company expects that it will file the Form 10-K no later than the fifteenth calendar day following the prescribed filing date.
PART
IV — OTHER INFORMATION
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(1) |
Name
and telephone number of person to contact in regard to this notification |
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|
Sam
Lai |
|
206 |
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385-0488
ext. 100 |
|
(Name) |
|
(Area
Code) |
|
(Telephone
Number) |
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(2) |
Have
all other periodic reports required under Section 13 or 15(d) of the Securities Exchange Act of 1934 or Section 30 of the Investment
Company Act of 1940 during the preceding 12 months or for such shorter period that the registrant was required to file such report(s)
been filed? If answer is no, identify report(s). |
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Yes
☒ NO ☐ |
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(3) |
Is
it anticipated that any significant change in results of operations from the corresponding period for the last fiscal year will be
reflected by the earnings statements to be included in the subject report or portion thereof? |
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Yes
☒ NO ☐ |
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If
so, attach an explanation of the anticipated change, both narratively and quantitatively, and, if appropriate, state the reasons
why a reasonable estimate of the results cannot be made. |
Changes
to the statements for 2021 will include the following:
| 1. | A
reclassification of the amounts from general and administrative expenses to other accounts
is possible. This will change the amounts in those accounts. |
| 2. | Corrections
to the financial statements to account for PPP loan forgiveness will entail changes to the
financial statements. |
Because
the Company has not yet finalized its financial statements to be filed as part of the Form 10-K, as of the date hereof, the Company is
unable to provide a reasonable estimate of the results.
HOUR
LOOP, INC.
(Name
of Registrant as Specified in Charter)
has
caused this notification to be signed on its behalf by the undersigned hereunto duly authorized.
Date:
March 31, 2022 |
By:
|
/s/
Sam Lai |
|
Name: |
Sam
Lai |
|
Title: |
Chief
Executive Officer |
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