Private company

HC LIQUIDATING, INC.

American auto rental and leasing services company based in Los Angeles. Summary from the record

Last updated Oct 19, 2026.

Overview

IndustryServices-Auto Rental & Leasing (No Drivers)¹
HeadquartersLos Angeles, California¹
Incorporated inDE²
Business address915 Wilshire Ave, Suite# 1950, Los Angeles, Ca 90071²
Filer category, Emerging growth company²
Legal formCorporation

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Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2021

27.4%Gross margin³

-78.3%Operating margin³

-72.7%Net margin³

41.6%Revenue growth, 2021³

-462.0%Return on equity³

-$17.7MFree cash flow³

Where the money goes

Where each dollar of revenue went, fiscal 2021

Cost of revenueResearch and developmentOther costs

Cost of revenue73¢$25.9M
Research and development16¢$5.8M
Other costs11¢$4.0M
Income tax0¢$526

Out of $35.7M in revenue.³ The company lost money this year.

Financial statements

Revenue⁴⁵⁶³$35.7M in 2021+1008% since 2017

Gross profit⁴⁵⁶³$9.8M in 2021+3039% since 2017

Operating income⁴⁵⁶³-$28.0M in 2021+588% since 2017

Net income⁴⁵⁶³-$26.0M in 2021+508% since 2017

Fiscal year	2017	2018	2019	2020	2021
Revenue	$3.2M⁴	$9.8M⁵	$15.9M⁶	$25.2M³	$35.7M³
Cost of revenue	$2.9M⁴	$5.1M⁵	$9.8M⁶	$17.0M³	$25.9M³
Gross profit	$311.3K⁴	$4.6M⁵	$6.0M⁶	$8.3M³	$9.8M³
Research and development	$687.0K⁴	$1.4M⁵	$2.5M⁶	$3.0M³	$5.8M³
Operating expenses					$37.8M³
Operating income	-$4.1M⁴	-$9.2M⁵	-$12.7M⁶	-$15.3M³	-$28.0M³
Interest	$202.5K⁴	$2.0M⁵	$2.5K⁶	$24.3K⁶
Income before tax					-$26.0M³
Income tax	$800⁴	$800⁵	$800⁶	$800³	$526³
Net income	-$4.3M⁴	-$11.2M⁵	-$12.5M⁶	-$15.2M³	-$26.0M³

Total assets⁴⁵⁶³$16.4M in 2021+2495% since 2017

Total liabilities⁴⁵⁶³$10.8M in 2021+476% since 2017

Shareholders’ equity⁴⁵⁶³$5.6M in 2021

Cash⁴⁵⁶³$11.5M in 2021+2128% since 2016

Fiscal year	2016	2017	2018	2019	2020	2021
Cash	$516.2K⁴	$213.9K⁵	$6.8M⁶	$10.7M⁶	$4.9M³	$11.5M³
Receivables						$162.6K³
Current assets		$543.7K⁴	$7.1M⁵	$11.1M⁶	$6.1M³	$16.1M³
Property, plant and equipment						$5.3K³
Intangible assets						$372.6K³
Total assets		$633.7K⁴	$7.4M⁵	$11.4M⁶	$6.3M³	$16.4M³
Accounts payable						$5.6M³
Current liabilities		$1.9M⁴	$2.0M⁵	$4.5M⁶	$10.4M³	$10.8M³
Total liabilities		$1.9M⁴	$2.0M⁵	$4.5M⁶	$10.8M³	$10.8M³
Retained earnings						-$70.2M³
Shareholders’ equity	-$276.8K⁴	-$1.2M⁵	$5.4M⁶	$6.8M³	-$4.5M³	$5.6M³
Shares outstanding		5.3M shares⁴	11.7M shares⁵	16.4M shares⁶	17.7M shares³	21.6M shares³

Cash from operations⁴⁵⁶³-$17.7M in 2021+603% since 2017

Capital spending⁵⁶³$0 in 2021

Free cash flow⁵⁶³-$17.7M in 2021+162% since 2018

Fiscal year	2017	2018	2019	2020	2021
Cash from operations	-$2.5M⁴	-$6.5M⁵	-$8.1M⁶	-$7.8M³	-$17.7M³
Depreciation and amortization					$77.0K³
Stock-based compensation					$8.2M³
Capital spending		$233.1K⁵	$1.2K⁶	$2.2K³	$0³
Free cash flow		-$6.7M	-$8.1M	-$7.8M	-$17.7M
Cash from investing					-$366.4K³
Cash from financing					$27.9M³

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Leadership

Who has led HC LIQUIDATING, INC., and when. Pick a name to see everywhere that person has worked.

Chief executive

Joseph Furnari2018–2022

President

Brian Allan2021–2022

Chief financial officer

Chief operating officer

20202025

Chief executive officerJoseph Furnari Jun 26, 2018 to Sep 13, 2022¹⁰
PresidentBrian Allan Mar 10, 2021 to Nov 1, 2022¹¹
Chief financial officerVazquez Eduardo Iniguez Oct 6, 2022 to Nov 23, 2022¹²
Chief financial officerHenry Park Apr 30, 2021 to Apr 30, 2021¹³
Chief financial officerBock Serge De Jul 14, 2021 to Sep 13, 2022¹⁴
Chief financial officerJoseph Furnari Jun 26, 2018 to Jul 3, 2018¹⁰
Chief financial officerRobert Scott Brogi Oct 17, 2018 to May 24, 2021¹⁵
Chief operating officerElizabeth E. Reynolds Jun 26, 2018 to Jun 26, 2018¹⁶
Chief operating officerHenry Park Dec 4, 2018 to May 21, 2021¹⁷

Board members and other officers (12)

Chief Technology OfficerGreg Tatem May 25, 2022 to May 25, 2022¹⁸
Chief Technology OfficerKen Grimes Mar 10, 2021 to Mar 10, 2021¹⁹
CTO and SecretaryAbhishek Arora Jun 26, 2018 to Feb 11, 2019²⁰
Chief Marketing OfficerKit Tran Jun 26, 2018 to Jul 3, 2018²¹
CBD OfficerMichael Furnari Jun 26, 2018 to Sep 13, 2022²²
Board memberJayaprakash Vijayan May 6, 2019 to Sep 13, 2022²³
Board memberMichael Root Jul 2, 2019 to Sep 13, 2022²⁴
Board memberAbhishek Arora Jun 26, 2018 to Feb 11, 2019²⁰
Board memberAnshu Bansal Jun 26, 2018 to Dec 28, 2018²⁵
Board memberGrace Mellis Jun 26, 2018 to Sep 13, 2022²⁶
Board memberJoseph Furnari Jun 26, 2018 to Sep 13, 2022¹⁰
Board memberBrooke Skinner-Ricketts Aug 2, 2018 to Sep 13, 2022²⁷

Named in SEC Form D filings

People the company listed in its private-offering notices.

Interim Chief Executive Officer and Chief Financial OfficerEduardo Iniquez named Jan 23, 2023²⁸
Chief Financial Officer (resignation effective September 30,2022)Serge De Bock named Aug 31, 2022 to Sep 19, 2022²⁹
DirectorBrooke Skinner Rickets named Sep 19, 2022²⁹

Former names

HyreCar Inc.Nov 6, 2017 to Apr 12, 2023²

Timeline

Jun 26, 2018New chief executive Joseph Furnari becomes CEO¹⁰

Filings

90 filings to the SEC since October 2021: 2 annual reports, 4 quarterly reports, 25 major events, 16 insider forms, 10 large holders, 3 private raises, 30 other. The latest 20:

Dec 5, 2023SEC STAFF ACTION EDGAR
May 22, 20238-K EDGAR
Mar 8, 20238-K EDGAR
Mar 2, 20238-K EDGAR
Feb 24, 20238-K EDGAR
Feb 15, 2023SC 13G EDGAR
Feb 14, 2023SC 13G/A AMENDMENT TO FORM SC 13G EDGAR
Feb 14, 2023SC 13G/A AMENDMENT NO. 4 EDGAR
Feb 9, 20238-K EDGAR
Feb 3, 20238-K EDGAR
Feb 3, 2023SC 13G/A EDGAR
Feb 1, 2023PRE 14A EDGAR
Jan 25, 20238-K EDGAR
Jan 23, 2023D EDGAR
Jan 17, 2023SC 13D EDGAR
Jan 17, 20238-K/A EDGAR
Jan 17, 20238-K EDGAR
Jan 13, 20238-K/A EDGAR
Jan 12, 2023S-1 EDGAR
Jan 12, 20238-K EDGAR

The 90 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

4 open-market trades by officers, directors and large owners since October 2021: 3 buys and 1 sales. Grants, option exercises and gifts are left out.

Date	Who	Trade	Shares	Price	Value	Filing
Sep 13, 2022	Allan BrianPresident	Buy	10,000	$1.18	$11.8K	Form 4
Sep 13, 2022	De Bock SergeCFO	Sale	29,025	$1.16	$33.7K	Form 4
Sep 7, 2022	Arctis Global LLC10% owner	Buy	1,157,943	$0.86	$995.8K	Form 4
Nov 18, 2021	Allan BrianPresident	Buy	5,000	$5.80	$29.0K	Form 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Walleye Capital LLCSC 13G, 1 filing Feb 15, 2023³⁰
Altium Capital Management LLCSC 13G/A, 2 filings Nov 9, 2022 to Feb 14, 2023³¹
Arctis Global LLCSC 13G/A, 2 filings Dec 6, 2021 to Feb 14, 2023³²
State Street CorporationSC 13G/A, 2 filings Feb 11, 2022 to Feb 3, 2023³³
William F. Holmes Jr.SC 13D, 1 filing Jan 17, 2023³⁴
Lynrock Lake LPSC 13G/A, 1 filing Feb 14, 2022³⁵
Shay Capital LLCSC 13G/A, 1 filing Feb 10, 2022³⁶

Money raised

Private offerings the company reported to the SEC on Form D.

Jan 6, 2023Raised $3.8 million in a private offering of securities Form D: $12.7 million offered in all Form D
Sep 2, 2022Raised $5 million in a private offering of equity Form D: 4 investors so far Form D
Aug 15, 2022Raised $450,000 in a private offering of equity Form D: $15.4 million offered in all Form D

Sources

The numbers on this page point here. Each one links to the record it came from.

1
SEC EDGARHC LIQUIDATING, INC. filings on SEC EDGAR
2
SEC EDGARHC LIQUIDATING, INC. filings on SEC EDGAR
3
SEC EDGARHC LIQUIDATING, INC. 10-K for fiscal 2021
4
SEC EDGARHC LIQUIDATING, INC. 10-K for fiscal 2017
5
SEC EDGARHC LIQUIDATING, INC. 10-K for fiscal 2018
6
SEC EDGARHC LIQUIDATING, INC. 10-K for fiscal 2019
7
SEC EDGARHC LIQUIDATING, INC. 10-Q for fiscal 2022
8
SEC EDGARHC LIQUIDATING, INC. 10-Q for fiscal 2022
9
SEC EDGARHC LIQUIDATING, INC. 10-Q for fiscal 2022
10
SEC EDGARJoseph Furnari, Chief executive officer
11
SEC EDGARBrian Allan, President
12
SEC EDGARVazquez Eduardo Iniguez, Chief financial officer
13
SEC EDGARHenry Park, Chief financial officer
14
SEC EDGARBock Serge De, Chief financial officer
15
SEC EDGARRobert Scott Brogi, Chief financial officer
16
SEC EDGARElizabeth E. Reynolds, Chief operating officer
17
SEC EDGARHenry Park, Chief operating officer
18
SEC EDGARGreg Tatem, Chief Technology Officer
19
SEC EDGARKen Grimes, Chief Technology Officer
20
SEC EDGARAbhishek Arora, CTO and Secretary
21
SEC EDGARKit Tran, Chief Marketing Officer
22
SEC EDGARMichael Furnari, CBD Officer
23
SEC EDGARJayaprakash Vijayan, Board member
24
SEC EDGARMichael Root, Board member
25
SEC EDGARAnshu Bansal, Board member
26
SEC EDGARGrace Mellis, Board member
27
SEC EDGARBrooke Skinner-Ricketts, Board member
28
SEC EDGARHC LIQUIDATING, INC. Form D naming Eduardo Iniquez
29
SEC EDGARHC LIQUIDATING, INC. Form D naming Serge De Bock
30
SEC EDGARWalleye Capital LLC SC 13G on HC LIQUIDATING, INC.
31
SEC EDGARAltium Capital Management LLC SC 13G/A on HC LIQUIDATING, INC.
32
SEC EDGARArctis Global LLC SC 13G/A on HC LIQUIDATING, INC.
33
SEC EDGARState Street Corporation SC 13G/A on HC LIQUIDATING, INC.
34
SEC EDGARWilliam F. Holmes Jr. SC 13D on HC LIQUIDATING, INC.
35
SEC EDGARLynrock Lake LP SC 13G/A on HC LIQUIDATING, INC.
36
SEC EDGARShay Capital LLC SC 13G/A on HC LIQUIDATING, INC.