UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

 

	FORM 12b-25	SEC FILE NUMBER
		001-41204
		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)

  

	(a)	The reason described in reasonable detail in Part III of this form could not be eliminated without unreasonable effort or expense;
☒	(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
	(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

(1)	Name and telephone number of person to contact in regard to this notification
	Sam Lai		206		385-0488 ext. 100
	(Name)		(Area Code)		(Telephone Number)
(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).
	Yes ☒ NO ☐
(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?
	Yes ☒ NO ☐
	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