In-out Status report is designed to show which employees are currently Punched In or Punched Out and what was the date and time of the last punch. It will not show the Punch In and Punch Out time of the employee for the day.
Let’s say you run the In-out Status report with the User Name, Date, Time and Status columns enabled in the report settings. It should return the data like the one which is given below. It gives details about the user John Smith is currently Punched Out of the timesheet. He Punched out at 5:06:28 PM on September 1st, 2010.

User Name       Date           Time          Status
John Smith     Sept 1,2010     5:06:28 PM          Out