Form 8-K
8-K — Health In Tech, Inc.
Accession: 0001213900-26-089164
Filed: 2026-08-13
Period: 2026-08-13
CIK: 0002019505
SIC: 6411 (INSURANCE AGENTS BROKERS & SERVICES)
Item: Results of Operations and Financial Condition
Item: Regulation FD Disclosure
Item: Financial Statements and Exhibits
Documents
8-K — ea0301980-8k_health.htm (Primary)
EX-99.1 — PRESS RELEASE DATED AUGUST 13, 2026 (ea030198001ex99-1.htm)
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8-K — CURRENT REPORT
8-K (Primary)
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2026-08-13
2026-08-13
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
Current Report
Pursuant to Section 13 OR 15(d) of The Securities
Exchange Act of 1934
August 13, 2026
Date of Report (Date of earliest event reported)
Health In Tech, Inc.
(Exact name of registrant as specified in its charter)
Nevada
001-42449
87-3545722
(State or other jurisdiction
of incorporation)
(Commission File Number)
(IRS Employer
Identification No.)
701 S. Colorado Ave, Suite 1
Stuart, FL
34994
(Address of principal executive offices)
(Zip Code)
Registrant’s telephone number, including
area code: (888) 373-0333
N/A
(Former name or former address, if changed since
last report)
Check the appropriate box below if the Form 8-K
filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b)
of the Act:
Title of each class
Trading Symbol(s)
Name of each exchange on which registered
Class A Common Stock, $0.001 par value per share
HIT
The Nasdaq Stock Market LLC
(Nasdaq Capital Market)
Indicate by check mark whether the registrant
is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities
Exchange Act of 1934 (17 CFR §240.12b-2).
Emerging growth company ☒
If an emerging growth company, indicate by check
mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting
standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 2.02. Results of Operations and Financial
Condition.
On August 13, 2026, Health
In Tech, Inc., a Nevada corporation (the “Company”) issued a press release announcing its results of operations for the quarter
ended June 30, 2026, attached hereto as Exhibit 99.1.
Item 7.01. Regulation FD Disclosure.
As disclosed in Item 2.02
above, on August 13, 2026, the Company issued a press release announcing its results of operations for the quarter ended June 30, 2026,
attached hereto as Exhibit 99.1. The information set forth in Item 7.01 of this Current Report on Form 8-K and in the attached Exhibit
99.1 are deemed to be “furnished” and shall not be deemed to be “filed” for purposes of Section 18 of the Securities
Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that Section. The information
set forth in Items 2.02 and 7.01 of this Current Report on Form 8-K, including Exhibit 99.1, shall not be deemed incorporated by reference
into any filing under the Exchange Act or the Securities Act of 1933, as amended, regardless of any general incorporation language in
such filing.
Forward-Looking Statements
Certain statements in this
Current Report on Form 8-K or in the accompanying exhibits are forward-looking statements for purposes of the safe harbor provisions under
the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements may include estimates or expectations about Health
In Tech’s possible or assumed operational results, financial condition, business strategies and plans, market opportunities, competitive
position, industry environment, and potential growth opportunities. In some cases, forward-looking statements can be identified by terms
such as “may,” “will,” “should,” “design,” “target,” “aim,” “hope,”
“expect,” “could,” “intend,” “plan,” “anticipate,” “estimate,”
“believe,” “continue,” “predict,” “project,” “potential,” “goal,”
or other words that convey the uncertainty of future events or outcomes. These statements relate to future events or to Health In Tech’s
future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause Health In Tech’s
actual results, levels of activity, performance, or achievements to be different from any future results, levels of activity, performance
or achievements expressed or implied by these forward-looking statements. You should not place undue reliance on forward-looking statements
because they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond Health In Tech’s
control and which could, and likely will, affect actual results, levels of activity, performance or achievements. Some of the risks and
uncertainties, although not all risks and uncertainties, that could cause the Company’s actual results to differ materially from
those presented in its forward-looking statements are set forth in the “Risk Factors” section in the Company’s Annual
Report on Form 10-K, its Quarterly Reports on Form 10-Q, and all of its other filings with the U.S. Securities and Exchange Commission,
as such risks, uncertainties and other important factors may be updated from time to time in the Company’s subsequent reports. Any
forward-looking statement reflects Health In Tech’s current views with respect to future events and is subject to these and other
risks, uncertainties and assumptions relating to Health In Tech’s operations, results of operations, growth strategy and liquidity.
Health In Tech undertakes no obligation to update any forward-looking statements, except as required by law.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits:
Exhibit No.
Description
99.1
Press release dated August 13, 2026.
104
Cover Page Interactive Data File (embedded within the Inline XBRL document)
1
SIGNATURES
Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Dated: August 13, 2026
HEALTH IN TECH, INC.
By:
/s/ Tim Johnson
Name:
Tim Johnson
Title:
Chief Executive Officer
2
EX-99.1 — PRESS RELEASE DATED AUGUST 13, 2026
EX-99.1
Filename: ea030198001ex99-1.htm · Sequence: 2
Exhibit 99.1
Health
In Tech Reports Second Quarter 2026 Financial Results
Contracted
Revenue of $32.3 Million as of June 30, 2026
Pipeline
Revenue of $66.3 Million as of July 31, 2026
Distribution
Partners Grew 19.9% Year Over Year
Stuart,
FL., August 13, 2026 /PRNewswire/ — Health In Tech, Inc. (Nasdaq: HIT) (“Health In Tech” or the “Company”),
an AI-enabled InsurTech platform company, today announced its unaudited financial results for the three and six months ended June 30,
2026.
Second
Quarter and First-Half 2026 Highlights
● Distribution
Partners, including brokers, third-party administrators (“TPAs”) and agencies, reached 933 as of June 30, 2026, an increase
of 19.9% year over year.
● Q2
2026 Revenue was $8.1 million, compared with $9.3 million in Q2 2025. First-half 2026 revenue was $16.8 million, compared with $17.3
million in the prior year period.
● Contracted
Revenue1 totaled $32.3 million for first-half 2026, of which $17.3 million was recognized as GAAP revenue in first-half
2026. The remaining $14.0 million and $1.0 million are expected to be recognized as GAAP revenue in second-half 2026 and in 2027, respectively.
● Pipeline
Revenue2 was $66.3 million as of July 31, 2026, of which $1.9 million was contracted subsequent to quarter end. The remaining
$64.4 million represents policies in quoting or binding status, with an expected conversion rate of 15% to 40%.
● Net
loss for Q2 2026 was $2.5 million, or $(0.04) per diluted share, compared to net income of $0.6 million, or $0.01 per diluted share,
in Q2 2025, and $4.1 million for the first half of 2026, or $(0.07) per diluted share, compared to net income of $1.1 million, or $0.02
per diluted share, in first-half 2025.
● Adjusted
EBITDA3 was $(1.3) million for Q2 2026 and $(2.6) million for first-half 2026, reflecting continued investment in distribution,
technology, and product development.
● Platform
Placed Plan Value (“PPPV”)4 was $84.0 million as of June 30, 2026.
2026
Outlook and Beyond
As
of July 31, 2026, the Company had approximately $66.3 million in Pipeline Revenue, of which $1.9 million was contracted, while the remaining
$64.4 million is in the quoting or binding stage. Based on the Company’s estimated conversion rate of 15% to 40%, the Pipeline
Revenue in the quoting or binding stage is expected to generate approximately $9.7 million to $25.8 million of additional Contracted
Revenue. Under U.S. GAAP revenue recognition, this is expected to result in approximately $3.1 million to $8.3 million of GAAP revenue
recognized in 2026, with an additional $6.6 million to $17.5 million of GAAP revenue expected to be recognized in 2027.
With
five more months remaining in 2026, the Company expects to continue expanding its Pipeline Revenue through new product launches and new
system enhancement. Supported by its growing base of Contracted Revenue, increasing forward revenue visibility, and continued pipeline
development, the Company is reaffirming its full-year 2026 revenue guidance of $45 million to $50 million.
CEO
Commentary
Tim
Johnson, Chief Executive Officer of Health In Tech, commented, “We continued to execute against our long-term growth strategy during
the quarter by investing in sales, marketing, and key talent, supported in part by the capital raised through our recent PIPE financing.
These investments are designed to expand our distribution network, accelerate product innovation, and strengthen our execution capabilities.
Our contracted book of business continued to grow, providing greater visibility into future revenue. We believe Contracted Revenue and
Pipeline Revenue are meaningful operating metrics that complement our GAAP financial results by illustrating the strength of our sales
pipeline, the pace of customer conversion, and our expected revenue trajectory.”
Mr.
Johnson continued, “We also made meaningful progress on several strategic initiatives that we believe position the Company for
its next phase of growth. During the quarter, we contractually secured our first employer group for the Three-Year Rate Stabilization
Program, a differentiated solution designed to provide employers with greater predictability in stop-loss pricing over a multi-year period.
This represents an important milestone as we advance toward the program’s anticipated launch in the capital markets. In parallel,
we are engaged with several high-profile governmental organizations that are evaluating participation in the program, and we expect to
provide additional updates in the coming months.
As
we execute on our strategic roadmap, we remain on track to launch HitRix, our next-generation marketplace platform, in the second
half of 2026. While our current eDIYBS platform has transformed AI-enabled underwriting through bindable stop-loss quoting and customized
plan design, HitRix expands the application of AI across the entire self-funded stop-loss insurance ecosystem. The platform leverages
advanced AI-powered document intelligence to automate data extraction across multiple document types, enable intelligent plan comparisons,
and facilitate an integrated competitive bidding process within a unified digital marketplace. By connecting a broad network of brokers,
carriers, TPAs, and employer groups, HitRix is designed to increase market transparency, expand access to competitive stop-loss solutions,
streamline the placement process, and deliver better outcomes for all participants across the self-funded insurance value chain.”
End
Notes
1. Contracted
Revenue represents the total revenue expected to be generated over the contractual term of
self-funded health plan policies placed through the Company’s platform. Standard self-funded
plan policies generally have a contractual term of 12 months, while the Company’s
Three-Year Rate Stabilization Program is designed with a 36-month contractual
term. Revenue is recognized under U.S. GAAP on a straight-line basis over the policy term,
beginning on the policy’s effective date. Accordingly, Contracted Revenue represents
revenue that has been contractually secured but has not yet been fully recognized under U.S.
GAAP, providing an indication of future revenue expected from existing contracts.
2
2. Pipeline
Revenue represents revenue from self-funded plan policies that are being quoted, are in binding
status, or have been contracted subsequent to the end of the reporting period. This metric
reflects the entire contractual term of the underlying policies, some of which may not ultimately
convert to revenue.
3. Adjusted
EBITDA is a non-GAAP financial measure. Additional information and reconciliation of Adjusted
EBITDA to its most comparable GAAP financial measure is provided in the “Reconciliation
of Net (Loss) Income Attributable to Common Stockholders to Adjusted EBITDA” section
of this release.
4. Platform
Placed Plan Value (“PPPV”) represents the aggregate contractual value of self-funded
health plans with stop-loss insurance (self-funded stop-loss plans) placed through the Company’s
platform during the fiscal year through the applicable fiscal quarter end, measured over
each plan’s full contractual term of typically 12 or 36 months from the plan’s
effective date. PPPV reflects the total economic value flowing through the platform, including
premium, claim funding, and administrative fees, and is a measure of platform transaction
volume rather than an indication of the Company’s own revenue or take rate.
Conference
Call Details
Health
In Tech will host a conference call to discuss its financial results for the second quarter of 2026 on August 13, 2026, at 5:00 p.m.
(ET). To participate in our live conference call and webcast, please dial 1-888-346-8982 or 1-412-902-4272 (for international participants).
A
live audio webcast will be available via the Investor Relations page of Health In Tech’s website at https://healthintech.com/.
A replay of the webcast will be available for on-demand listening shortly after the completion of the call, at the same web link, and
will remain available for approximately 90 days.
Non-GAAP
Financial Information
This
release presents Adjusted EBITDA, a non-GAAP financial metric, which is provided as a complement to the results provided in accordance
with accounting principles generally accepted in the United States of America (“GAAP”). Management uses Adjusted EBITDA to
provide investors with additional insight into operational performance and to facilitate comparison with other companies in the industry.
Adjusted EBITDA should not be considered an alternative to net income, operating income, or other GAAP measures. A reconciliation of
historical non-GAAP financial information to the most directly comparable GAAP financial measure is provided in the accompanying tables
found at the end of this release.
3
Use
of Forward-Looking Statements
Certain
statements in this press release are forward-looking statements for purposes of the safe harbor provisions under the U.S. Private Securities
Litigation Reform Act of 1995. Forward-looking statements may include estimates or expectations about Health In Tech’s possible
or assumed operational results, financial condition, business strategies and plans, market opportunities, competitive position, industry
environment, and potential growth opportunities. In some cases, forward-looking statements can be identified by terms such as “may,”
“will,” “should,” “design,” “target,” “aim,” “hope,” “expect,”
“could,” “intend,” “plan,” “anticipate,” “estimate,” “believe,”
“continue,” “predict,” “project,” “potential,” “goal,” or other words that
convey the uncertainty of future events or outcomes. These statements relate to future events or to Health In Tech’s future financial
performance, and involve known and unknown risks, uncertainties and other factors that may cause Health In Tech’s actual results,
levels of activity, performance, or achievements to be different from any future results, levels of activity, performance or achievements
expressed or implied by these forward-looking statements. You should not place undue reliance on forward-looking statements because they
involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond Health In Tech’s control and
which could, and likely will, affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects
Health In Tech’s current views with respect to future events and is subject to these and other risks, uncertainties and assumptions
relating to Health In Tech’s operations, results of operations, growth strategy and liquidity.
About
Health In Tech
Health
In Tech, Inc. (Nasdaq: HIT) is an AI-enabled InsurTech platform company, which offers a marketplace that improves processes in the health
insurance industry through vertical integration, process simplification, and automation. By removing friction and complexities, we streamline
the underwriting, sales and service process for insurance companies, licensed brokers, Managing General Underwriter (“MGUs”)
and third-party administrators (“TPAs”). Health In Tech’s platform serves as a marketplace for brokers, TPAs, MGUs
and carriers to access self-funded health insurance for employers, providing functions including customized self-funded health plans,
bindable stop-loss quotes, AI-enabled underwriting, claims administration and reporting integration.
4
Health
In Tech, Inc.
Consolidated
Statements of Operations
(Unaudited)
Three Months Ended
June 30,
Six Months Ended
June 30,
2026
2025
2026
2025
Revenues
Revenues from underwriting modeling (ICE)
$ 1,272,647
$ 2,090,576
$ 2,741,461
$ 4,442,560
Revenues from fees (SMR)
6,783,973
7,223,273
14,086,805
12,886,273
Total revenues
8,056,620
9,313,849
16,828,266
17,328,833
Cost of revenues
4,134,127
3,003,979
8,396,374
5,663,564
Gross profit
3,922,493
6,309,870
8,431,892
11,665,269
Operating expenses
Sales and marketing expenses
2,215,889
1,226,738
4,507,490
2,316,993
General and administrative expenses
4,269,094
3,775,453
7,724,652
7,022,218
Research and development expenses
875,811
582,609
1,796,206
1,120,330
Total operating expenses
7,360,794
5,584,800
14,028,348
10,459,541
Other income (expense):
Interest income
69,568
108,198
137,039
193,564
Other income
100,000
—
122,334
118,399
Other expense
(52,341 )
—
(52,341 )
—
Total other income, net
117,227
108,198
207,032
311,963
(Loss) income before income tax expense
(3,321,074 )
833,268
(5,389,424 )
1,517,691
Income tax benefit (expense)
809,888
(202,637 )
1,289,957
(388,468 )
Net (loss) income
(2,511,186 )
630,631
(4,099,467 )
1,129,223
Net loss attributable to noncontrolling interests
(162 )
—
(162 )
—
Net (loss) income attributable to common stockholders
$ (2,511,024 )
$ 630,631
$ (4,099,305 )
$ 1,129,223
Net (loss) income per share
Basic
$ (0.04 )
$ 0.01
$ (0.07 )
$ 0.02
Diluted
$ (0.04 )
$ 0.01
$ (0.07 )
$ 0.02
Weighted average common shares outstanding:
Basic
62,829,725
55,382,395
60,106,502
55,003,233
Diluted
62,829,725
55,632,357
60,106,502
57,004,070
5
Reconciliation
of Net (Loss) Income Attributable to Common Stockholders to Adjusted EBITDA
(Unaudited)
Three Months Ended
June 30,
Six Months Ended
June 30,
2026
2025
2026
2025
Net (loss) income attributable to common stockholders
$ (2,511,024 )
$ 630,631
$ (4,099,305 )
$ 1,129,223
Interest income
(69,568 )
(108,198 )
(137,039 )
(193,564 )
Amortization expense
320,320
135,983
723,787
271,966
Income tax (benefit) expense
(809,888 )
202,637
(1,289,957 )
388,468
Stock-based compensation expense, including employer payroll taxes related to stock-based awards
959,969
707,963
1,403,808
1,201,134
Provision for credit losses on other receivables
739,773
—
739,773
—
Other non-recurring items
37,341
—
37,341
—
Total net adjustments
1,177,947
938,385
1,477,713
1,668,004
Adjusted EBITDA
$ (1,333,077 )
$ 1,569,016
$ (2,621,592 )
$ 2,797,227
6
Consolidated
Balance Sheets
(Unaudited)
June 30,
December 31,
2026
2025
Assets
Current assets
Cash and cash equivalents
$ 6,514,813
$ 7,669,754
Accounts receivable, net
8,546,307
756,288
Loans receivable, net
847,993
815,995
Other receivables, net
3,392,082
3,467,814
Deferred offering costs
102,586
170,977
Prepaid expenses and other current assets
2,380,284
3,280,148
Total current assets
21,784,065
16,160,976
Non-current assets
Software
7,197,718
6,530,894
Operating lease - right-of-use assets
104,277
139,940
Long-term prepaid expenses
8,184
258,151
Deferred tax assets, net
540,436
—
Total non-current assets
7,850,615
6,928,985
Total assets
$ 29,634,680
$ 23,089,961
Liabilities and stockholders’ equity
Current liabilities
Accounts payable and accrued expenses
$ 9,907,370
$ 4,188,811
Operating lease liabilities - current
81,225
76,195
Other current liabilities
—
891,598
Total current liabilities
9,988,595
5,156,604
Non-current liabilities
Deferred tax liabilities
—
757,675
Operating lease liabilities - non-current
21,713
63,617
Total non-current liabilities
21,713
821,292
Total liabilities
10,010,308
5,977,896
Stockholders’ equity
Common stock, $0.001 par value; Class A Common stock 150,000,000 shares authorized 53,858,083 and 46,006,000 shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectively
$ 53,858
$ 46,006
Common stock, $0.001 par value; Class B Common stock 50,000,000 shares authorized, 11,700,000 shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectively
11,700
11,700
Additional paid-in capital
18,365,473
11,834,121
Retained earnings
1,120,933
5,220,238
Noncontrolling interests
72,408
—
Total stockholders’ equity
19,624,372
17,112,065
Total liabilities and stockholders’ equity
$ 29,634,680
$ 23,089,961
7
Consolidated
Statements of Cash Flows
(Unaudited)
Three Months Ended
June 30,
Six Months Ended
June 30,
2026
2025
2026
2025
Cash flows (used in) provided by operating activities:
Net (loss) income
$ (2,511,186 )
$ 630,631
$ (4,099,467 )
$ 1,129,223
Adjustments to reconcile net (loss) income to net cash (used in) provided by operating activities:
Bad debt (recovery) expense
(2,954 )
5,990
(2,954 )
5,990
Amortization expense
320,320
135,983
723,787
271,966
Provision for refund liability
—
175,698
108,402
955,743
Provision for credit losses on other receivables
739,773
—
739,773
—
Deferred tax benefit
(813,639 )
(32,074 )
(1,298,111 )
(66,547 )
Interest income
(15,999 )
(15,999 )
(31,998 )
(31,998 )
Stock-based compensation expense
959,320
707,963
1,325,882
1,201,134
Changes in operating assets and liabilities:
Accounts receivable
(4,805,705 )
823,480
(7,787,065 )
359,982
Other receivables
(59,704 )
134,954
(71,444 )
(3,354,582 )
Prepaid expenses and other assets
350,442
455,844
798,039
(561,907 )
Operating lease right-of-use assets and liabilities, net
(606 )
18
(1,211 )
37
Accounts payable and accrued expenses
2,927,618
(1,150,600 )
4,364,800
2,269,897
Income taxes payable
—
(390,612 )
—
(170,309 )
Other current liabilities
—
—
(1,000,000 )
—
Net cash (used in) provided by operating activities
(2,912,320 )
1,481,276
(6,231,567 )
2,008,629
Cash flows used in investing activities:
Development of software
(596,992 )
(909,897 )
(959,123 )
(1,613,372 )
Net cash used in investing activities
(596,992 )
(909,897 )
(959,123 )
(1,613,372 )
Cash flows (used in) provided by financing activities:
Proceeds from issuance of common stock in connection with private investment in public equity financing, net of placement agent fees and escrow agent fees
—
6,381,000
—
Payments of deferred offering costs
(199,440 )
(8,250 )
(243,608 )
(106,339 )
Contributions from noncontrolling interests
71,428
—
71,428
—
Taxes paid related to net share settlement of equity awards
(173,071 )
—
(173,071 )
—
Net cash (used in) provided by financing activities
(301,083 )
(8,250 )
6,035,749
(106,339 )
(Decrease) increase in cash and cash equivalents
(3,810,395 )
563,129
(1,154,941 )
288,918
Cash and cash equivalents, beginning of the period
10,325,208
7,575,037
7,669,754
7,849,248
Cash and cash equivalents, end of the period
$ 6,514,813
$ 8,138,166
$ 6,514,813
$ 8,138,166
Supplemental disclosures of cash flow information:
Cash paid for interest
$ —
$ —
$ —
$ —
Cash paid for income taxes
$ 15,000
$ 625,323
$ 10,035
$ 625,323
Summary of noncash investing and financing activities:
Accrued deferred offering costs included in accounts payable and accrued expenses
$ 115,911
$ —
$ 215,911
$ —
Accrued development of software included in accounts payable and accrued expenses
430,386
265,243
430,386
265,243
Reclassification of deferred offering costs to additional paid-in capital upon private investment in public equity financing
75,030
—
527,910
—
Stock-based compensation capitalized for software development
10,617
—
19,454
—
Investor
Contact:
Health
In Tech Investor Relations
ir@healthintech.com
8
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Filename: R1.htm · Sequence: 7
v3.26.1
Cover
Aug. 13, 2026
Cover [Abstract]
Document Type
8-K
Amendment Flag
false
Document Period End Date
Aug. 13, 2026
Entity File Number
001-42449
Entity Registrant Name
Health In Tech, Inc.
Entity Central Index Key
0002019505
Entity Tax Identification Number
87-3545722
Entity Incorporation, State or Country Code
NV
Entity Address, Address Line One
701 S. Colorado Ave
Entity Address, Address Line Two
Suite 1
Entity Address, City or Town
Stuart
Entity Address, State or Province
FL
Entity Address, Postal Zip Code
34994
City Area Code
888
Local Phone Number
373-0333
Written Communications
false
Soliciting Material
false
Pre-commencement Tender Offer
false
Pre-commencement Issuer Tender Offer
false
Title of 12(b) Security
Class A Common Stock, $0.001 par value per share
Trading Symbol
HIT
Security Exchange Name
NASDAQ
Entity Emerging Growth Company
true
Elected Not To Use the Extended Transition Period
false
X
- Definition
Boolean flag that is true when the XBRL content amends previously-filed or accepted submission.
+ References
No definition available.
+ Details
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Namespace Prefix:
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Balance Type:
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Period Type:
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X
- Definition
Area code of city
+ References
No definition available.
+ Details
Name:
dei_CityAreaCode
Namespace Prefix:
dei_
Data Type:
xbrli:normalizedStringItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Cover page.
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No definition available.
+ Details
Name:
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Namespace Prefix:
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Data Type:
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Balance Type:
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Period Type:
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- Definition
For the EDGAR submission types of Form 8-K: the date of the report, the date of the earliest event reported; for the EDGAR submission types of Form N-1A: the filing date; for all other submission types: the end of the reporting or transition period. The format of the date is YYYY-MM-DD.
+ References
No definition available.
+ Details
Name:
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Namespace Prefix:
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Data Type:
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Balance Type:
na
Period Type:
duration
X
- Definition
The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.
+ References
No definition available.
+ Details
Name:
dei_DocumentType
Namespace Prefix:
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Data Type:
dei:submissionTypeItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Address Line 1 such as Attn, Building Name, Street Name
+ References
No definition available.
+ Details
Name:
dei_EntityAddressAddressLine1
Namespace Prefix:
dei_
Data Type:
xbrli:normalizedStringItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Address Line 2 such as Street or Suite number
+ References
No definition available.
+ Details
Name:
dei_EntityAddressAddressLine2
Namespace Prefix:
dei_
Data Type:
xbrli:normalizedStringItemType
Balance Type:
na
Period Type:
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X
- Definition
Name of the City or Town
+ References
No definition available.
+ Details
Name:
dei_EntityAddressCityOrTown
Namespace Prefix:
dei_
Data Type:
xbrli:normalizedStringItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Code for the postal or zip code
+ References
No definition available.
+ Details
Name:
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Namespace Prefix:
dei_
Data Type:
xbrli:normalizedStringItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Name of the state or province.
+ References
No definition available.
+ Details
Name:
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Namespace Prefix:
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Data Type:
dei:stateOrProvinceItemType
Balance Type:
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Period Type:
duration
X
- Definition
A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection b-2
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Namespace Prefix:
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Data Type:
dei:centralIndexKeyItemType
Balance Type:
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Period Type:
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X
- Definition
Indicate if registrant meets the emerging growth company criteria.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection b-2
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Namespace Prefix:
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Balance Type:
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Period Type:
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X
- Definition
Indicate if an emerging growth company has elected not to use the extended transition period for complying with any new or revised financial accounting standards.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Securities Act
-Number 7A
-Section B
-Subsection 2
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Namespace Prefix:
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Data Type:
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Balance Type:
na
Period Type:
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X
- Definition
Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.
+ References
No definition available.
+ Details
Name:
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Namespace Prefix:
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Data Type:
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Balance Type:
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Period Type:
duration
X
- Definition
Two-character EDGAR code representing the state or country of incorporation.
+ References
No definition available.
+ Details
Name:
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Namespace Prefix:
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Data Type:
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Balance Type:
na
Period Type:
duration
X
- Definition
The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection b-2
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Name:
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Namespace Prefix:
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Data Type:
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Balance Type:
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Period Type:
duration
X
- Definition
The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection b-2
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Namespace Prefix:
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Data Type:
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Balance Type:
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Period Type:
duration
X
- Definition
Local phone number for entity.
+ References
No definition available.
+ Details
Name:
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Namespace Prefix:
dei_
Data Type:
xbrli:normalizedStringItemType
Balance Type:
na
Period Type:
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X
- Definition
Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 13e
-Subsection 4c
+ Details
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Namespace Prefix:
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Data Type:
xbrli:booleanItemType
Balance Type:
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Period Type:
duration
X
- Definition
Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 14d
-Subsection 2b
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Namespace Prefix:
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Data Type:
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Balance Type:
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Period Type:
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X
- Definition
Title of a 12(b) registered security.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection b
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Namespace Prefix:
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Data Type:
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Balance Type:
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Period Type:
duration
X
- Definition
Name of the Exchange on which a security is registered.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection d1-1
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Name:
dei_SecurityExchangeName
Namespace Prefix:
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Data Type:
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Balance Type:
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Period Type:
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X
- Definition
Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 14a
-Subsection 12
+ Details
Name:
dei_SolicitingMaterial
Namespace Prefix:
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Data Type:
xbrli:booleanItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Trading symbol of an instrument as listed on an exchange.
+ References
No definition available.
+ Details
Name:
dei_TradingSymbol
Namespace Prefix:
dei_
Data Type:
dei:tradingSymbolItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Securities Act
-Number 230
-Section 425
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Name:
dei_WrittenCommunications
Namespace Prefix:
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Data Type:
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Balance Type:
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Period Type:
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