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Document And Entity Information | 9 Months Ended |
---|---|
Sep. 30, 2023 shares | |
Document Information Line Items | |
Entity Registrant Name | Hanryu Holdings, Inc |
Trading Symbol | HRYU |
Document Type | 10-Q |
Current Fiscal Year End Date | --12-31 |
Entity Common Stock, Shares Outstanding | 52,808,589 |
Amendment Flag | false |
Entity Central Index Key | 0001911545 |
Entity Current Reporting Status | No |
Entity Filer Category | Non-accelerated Filer |
Document Period End Date | Sep. 30, 2023 |
Document Fiscal Year Focus | 2023 |
Document Fiscal Period Focus | Q3 |
Entity Small Business | true |
Entity Emerging Growth Company | true |
Entity Shell Company | false |
Entity Ex Transition Period | false |
Document Quarterly Report | true |
Document Transition Report | false |
Entity File Number | 001-41763 |
Entity Incorporation, State or Country Code | DE |
Entity Tax Identification Number | 88-1368281 |
Entity Address, Address Line One | 160, Yeouiseo-ro |
Entity Address, Address Line Two | Yeongdeungpo-gu |
Entity Address, City or Town | Seoul |
Entity Address, Country | KR |
Entity Address, Postal Zip Code | 07231 |
City Area Code | 82 |
Local Phone Number | 2-564-8588 |
Title of 12(b) Security | Class A Common Stock, $0.001 par value per share |
Security Exchange Name | NASDAQ |
Entity Interactive Data Current | Yes |
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Compare this 10-Q Quarterly Report to its predecessor by reading our highlights to see what text and tables were removed , added and changed by Hanryu Holdings, Inc..
Hanryu Holdings, Inc.'s Definitive Proxy Statement (Form DEF 14A) filed after their 2023 10-K Annual Report includes:
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Our net cash provided by financing activities was $1,715,561 for the nine months ended September 30, 2022, consisting of a $219,980 increase in cash proceeds from short-term loan receivables, a $777,918 increase in cash proceeds from short-term loan receivables from related parties, a $1,409,489 increase in cash proceeds from exercising warrants, partially offset by a $14,974 and 676,852 decrease in repayments of short-term loan payables and short-term loan payables from related parties respectively.
33 Sales, Marketing and Advertising Expense Sales and marketing expense consists of compensation and commission costs of the sales and related support teams, as well as travel, trade show, and other marketing related costs.
As a result, we are exposed to fluctuations in the exchange rates of various currencies against the USD and other currencies, including KRW.
General and Administrative Expense General and administrative expense consists primarily of personnel-related costs, including salaries and benefits, non-cash stock compensation expense, equipment expense, office and facilities costs, legal, accounting and other professional fees, public relations costs and other corporate and administrative costs.
Other income (expense) for the nine months ended September 30, 2023 was $176,906 an decrease of $66,231, or 27%, as compared to the nine months ended September 30, 2022, which was primarily driven by $236,425 recognized due to the extinguishment of debt during the six months ended September 30, 2022.
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Financial Statements, Disclosures and Schedules
Inside this 10-Q Quarterly Report
Material Contracts, Statements, Certifications & more
Hanryu Holdings, Inc. provided additional information to their SEC Filing as exhibits
Ticker: HRYU
CIK: 1911545
Form Type: 10-Q Quarterly Report
Accession Number: 0001213900-23-088311
Submitted to the SEC: Fri Nov 17 2023 4:01:36 PM EST
Accepted by the SEC: Fri Nov 17 2023
Period: Saturday, September 30, 2023
Industry: Computer Programming Data Processing