10-Q Filing

Quest Resource Holding Corp CIK: 1442236 Q1 2013

Filing Information

Form Type	10-Q
Accession Number	`0001096906-12-002794`
Period End Date	20120930
Filing Date	20121114
Fiscal Year	2013
Fiscal Period	Q1
XBRL Instance	ycng-20120930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 62 Income Statement 30 Cash Flow Statement 38

Balance Sheet 62 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.66K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$66.26K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$17.06K	USD	Point-in-time
Discount on convertible notes payable - short term	`DiscountOnConvertibleNotesPayableShortTerm`	$1.36K	USD	Point-in-time
Discount on convertible notes payable - short term	`DiscountOnConvertibleNotesPayableShortTerm`	$52.73K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$51.35K	USD	Point-in-time
Inventory	`InventoryNet`	$7.49K	USD	Point-in-time
Discount on convertible notes payable - related party	`DiscountOnConvertibleNotesPayableRelatedParty`	$9.38K	USD	Point-in-time
Inventory	`InventoryNet`	$4.42K	USD	Point-in-time
Discount on convertible notes payable - related party	`DiscountOnConvertibleNotesPayableRelatedParty`	$11.12K	USD	Point-in-time
Preferred stock par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Total current assets	`AssetsCurrent`	$58.84K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$21.47K	USD	Point-in-time
Preferred stock par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Property and equipment - net	`PropertyPlantAndEquipmentNet`	$5.03K	USD	Point-in-time
Preferred stock shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Preferred stock shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Property and equipment - net	`PropertyPlantAndEquipmentNet`	$6.30K	USD	Point-in-time
Common stock par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Other assets	`OtherAssets`	$9.77K	USD	Point-in-time
Other assets	`OtherAssets`	$9.77K	USD	Point-in-time
Total assets	`Assets`	$73.65K	USD	Point-in-time
Common stock shares authorized	`CommonStockSharesAuthorized`	60.00M	shares	Point-in-time
Common stock shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Total assets	`Assets`	$37.55K	USD	Point-in-time
Common stock shares issued	`CommonStockSharesIssued`	8.68M	shares	Point-in-time
Accounts payable and other accrued expenses	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$139.67K	USD	Point-in-time
Accounts payable and other accrued expenses	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$86.62K	USD	Point-in-time
Common stock shares issued	`CommonStockSharesIssued`	8.60M	shares	Point-in-time
Common stock shares outstanding	`CommonStockSharesOutstanding`	8.59M	shares	Point-in-time
Accrued interest payable	`InterestPayableCurrent`	$6.97K	USD	Point-in-time
Common stock shares outstanding	`CommonStockSharesOutstanding`	8.67M	shares	Point-in-time
Accrued interest payable	`InterestPayableCurrent`	$5.50K	USD	Point-in-time
Notes payable - short-term	`NotesPayable`	$6.00K	USD	Point-in-time
Treasury stock shares	`TreasuryStockShares`	15,000.00	shares	Point-in-time
Notes payable - short-term	`NotesPayable`	$6.00K	USD	Point-in-time
Treasury stock shares	`TreasuryStockShares`	15,000.00	shares	Point-in-time
Notes payable - related party	`NotesPayableRelatedPartiesCurrent`	$37.50K	USD	Point-in-time
Notes payable - related party	`NotesPayableRelatedPartiesCurrent`	$37.50K	USD	Point-in-time
Convertible notes payable - short-term, net of discount of $52,729 and $1,357 as of September 30, 2012 and June 30, 2012, respectively	`ConvertibleNotesPayableCurrent`	$111.99K	USD	Point-in-time
Convertible notes payable - short-term, net of discount of $52,729 and $1,357 as of September 30, 2012 and June 30, 2012, respectively	`ConvertibleNotesPayableCurrent`	$63.64K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$247.62K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$253.79K	USD	Point-in-time
Convertible notes payable - net of discount of $9,380 and $11,120 as of September 30, 2012 and June 30, 2012, respectively	`NotesPayableRelatedPartiesNoncurrent`	$66.88K	USD	Point-in-time
Convertible notes payable - net of discount of $9,380 and $11,120 as of September 30, 2012 and June 30, 2012, respectively	`NotesPayableRelatedPartiesNoncurrent`	$43.62K	USD	Point-in-time
Total liabilities	`Liabilities`	$320.67K	USD	Point-in-time
Total liabilities	`Liabilities`	$291.24K	USD	Point-in-time
Preferred stock, $.001 par value; 10,000,000 shares authorized, no shares issued or outstanding as of September 30, 2012 and June 30, 2012, respectively	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $.001 par value; 10,000,000 shares authorized, no shares issued or outstanding as of September 30, 2012 and June 30, 2012, respectively	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $.001 par value; 100,000,000 shares authorized; 8,681,488 and 8,604,187 shares issued as of September 30, 2012 and June 30, 2012, respectively; 8,666,488 and 8,589,187 shares outstanding as of September 30, 2012 and June 30, 2012, respectively	`CommonStockValue`	$8.68K	USD	Point-in-time
Common stock, $.001 par value; 100,000,000 shares authorized; 8,681,488 and 8,604,187 shares issued as of September 30, 2012 and June 30, 2012, respectively; 8,666,488 and 8,589,187 shares outstanding as of September 30, 2012 and June 30, 2012, respectively	`CommonStockValue`	$8.60K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$3.51M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$3.72M	USD	Point-in-time
Treasury stock, at cost (15,000 common shares as of September 30, 2012 and June 30, 2012, respectively)	`TreasuryStockValue`	$26.25K	USD	Point-in-time
Treasury stock, at cost (15,000 common shares as of September 30, 2012 and June 30, 2012, respectively)	`TreasuryStockValue`	$26.25K	USD	Point-in-time
Accumulated deficit	`DevelopmentStageEnterpriseDeficitAccumulatedDuringDevelopmentStage`	$3.74M	USD	Point-in-time
Accumulated deficit	`DevelopmentStageEnterpriseDeficitAccumulatedDuringDevelopmentStage`	$3.96M	USD	Point-in-time
Total shareholders' deficit	`StockholdersEquity`	$-253.69K	USD	Point-in-time
Total shareholders' deficit	`StockholdersEquity`	$-247.02K	USD	Point-in-time
Total liabilities and shareholders' deficit	`LiabilitiesAndStockholdersEquity`	$73.65K	USD	Point-in-time
Total liabilities and shareholders' deficit	`LiabilitiesAndStockholdersEquity`	$37.55K	USD	Point-in-time

Income Statement 30 line items

Line Item	Tag	Value	Unit	Period
Net revenues	`Revenues`	$34.28K	USD	1 Quarter
Net revenues	`Revenues`	$10.83K	USD	1 Quarter
Cost of products sold	`CostOfGoodsSold`	$7.17K	USD	1 Quarter
Cost of products sold	`CostOfGoodsSold`	$2.85K	USD	1 Quarter
Gross profit	`GrossProfit`	$7.99K	USD	1 Quarter
Gross profit	`GrossProfit`	$27.10K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$60.98K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$81.47K	USD	1 Quarter
Salaries and wages	`SalariesAndWages`	$67.52K	USD	1 Quarter
Salaries and wages	`SalariesAndWages`	$35.51K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$20.67K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$50.33K	USD	1 Quarter
Marketing	`MarketingExpense`	$15.98K	USD	1 Quarter
Marketing	`MarketingExpense`	$22.75K	USD	1 Quarter
Softare development expense	`ResearchAndDevelopmentExpenseSoftwareExcludingAcquiredInProcessCost`	$18.54K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$133.14K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$240.61K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-125.15K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-213.51K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$3.30K	USD	1 Quarter
Interest expense	`InterestExpense`	$21.20K	USD	1 Quarter
Interest expense	`InterestExpense`	$11.21K	USD	1 Quarter
Total other income (expense)	`NonoperatingIncomeExpense`	$-17.89K	USD	1 Quarter
Total other income (expense)	`NonoperatingIncomeExpense`	$-11.21K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-143.05K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-224.72K	USD	1 Quarter
Basic and diluted net loss per common share	`EarningsPerShareBasicAndDiluted`	$-0.03	USD	1 Quarter
Basic and diluted net loss per common share	`EarningsPerShareBasicAndDiluted`	$-0.02	USD	1 Quarter
Weighted average common shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	8.61M	shares	1 Quarter
Weighted average common shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	7.75M	shares	1 Quarter

Cash Flow Statement 38 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-143.05K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-224.72K	USD	1 Quarter
Amortization of debt discounts and deferred financing costs	`AmortizationOfFinancingCostsAndDiscounts`	$6.42K	USD	1 Quarter
Amortization of debt discounts and deferred financing costs	`AmortizationOfFinancingCostsAndDiscounts`	$20.73K	USD	1 Quarter
Depreciation expense	`DepreciationExpense`	$331.00	USD	1 Quarter
Depreciation expense	`DepreciationExpense`	$300.00	USD	1 Quarter
Common stock issued for services	`ShareBasedCompensation`	$48.78K	USD	1 Quarter
Common stock issued for services	`ShareBasedCompensation`	$127.00K	USD	1 Quarter
Change in Inventory	`IncreaseDecreaseInInventories`	$-1.49K	USD	1 Quarter
Change in Inventory	`IncreaseDecreaseInInventories`	$-3.08K	USD	1 Quarter
Change in Other assets	`IncreaseDecreaseInOtherCurrentAssets`	$146.00	USD	1 Quarter
Change in Accounts payable and other accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-1.61K	USD	1 Quarter
Change in Accounts payable and other accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-53.05K	USD	1 Quarter
Change in Accrued interest payable	`IncreaseDecreaseInInterestPayableNet`	$406.00	USD	1 Quarter
Change in Accrued interest payable	`IncreaseDecreaseInInterestPayableNet`	$-1.47K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-73.10K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-142.42K	USD	1 Quarter
Software development costs	`PaymentsToDevelopSoftware`	$18.50K	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.60K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.60K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-18.50K	USD	1 Quarter
Proceeds from convertible notes payable	`ProceedsFromConvertibleDebt`	$77.50K	USD	1 Quarter
Proceeds from convertible notes payable	`ProceedsFromConvertibleDebt`	$25.00K	USD	1 Quarter
Borrowings from related parties	`ProceedsFromRelatedPartyDebt`	$5.00K	USD	1 Quarter
Proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	$35.00K	USD	1 Quarter
Repayment of convertible notes payable	`RepaymentsOfConvertibleDebt`	$2.78K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$109.72K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$30.00K	USD	1 Quarter
Change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-34.30K	USD	1 Quarter
Change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-61.60K	USD	1 Quarter
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$4.66K	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$66.26K	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$17.06K	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$51.35K	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$4.66K	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$66.26K	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$17.06K	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$51.35K	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.