10-Q Filing

Quest Resource Holding Corp CIK: 1442236 Q1 2015

Filing Information

Form Type	10-Q
Accession Number	`0001564590-15-004361`
Period End Date	20150331
Filing Date	20150515
Fiscal Year	2015
Fiscal Period	Q1
XBRL Instance	qrhc-20150331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 62 Income Statement 28 Cash Flow Statement 46 Stockholders Equity 9

Balance Sheet 62 line items

Line Item	Tag	Value	Unit	Period
Allowance for doubtful accounts receivable	`AllowanceForDoubtfulAccountsReceivableCurrent`	$533.09K	USD	Point-in-time
Allowance for doubtful accounts receivable	`AllowanceForDoubtfulAccountsReceivableCurrent`	$760.92K	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.15M	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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.68M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.08M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.31M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Accounts receivable, less allowance for doubtful accounts of $533,094 and $760,917 as of March 31, 2015 and December 31, 2014, respectively	`AccountsReceivableNetCurrent`	$29.63M	USD	Point-in-time
Accounts receivable, less allowance for doubtful accounts of $533,094 and $760,917 as of March 31, 2015 and December 31, 2014, respectively	`AccountsReceivableNetCurrent`	$28.62M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$752.01K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$684.03K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Total current assets	`AssetsCurrent`	$32.69M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$33.47M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Goodwill	`Goodwill`	$58.34M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Goodwill	`Goodwill`	$58.34M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$15.12M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	111.66M	shares	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$14.36M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	111.60M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	111.60M	shares	Point-in-time
Property and equipment, net, and other assets	`PropertyPlantAndEquipmentNetIncludingDepositsAssetsNoncurrent`	$753.49K	USD	Point-in-time
Property and equipment, net, and other assets	`PropertyPlantAndEquipmentNetIncludingDepositsAssetsNoncurrent`	$860.27K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	111.66M	shares	Point-in-time
Total assets	`Assets`	$106.25M	USD	Point-in-time
Total assets	`Assets`	$107.68M	USD	Point-in-time
Line of credit	`LineOfCredit`	$5.25M	USD	Point-in-time
Line of credit	`LineOfCredit`	$5.25M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$26.62M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$26.38M	USD	Point-in-time
Deferred revenue and other current liabilities	`DeferredCreditsAndOtherLiabilitiesCurrent`	$282.19K	USD	Point-in-time
Deferred revenue and other current liabilities	`DeferredCreditsAndOtherLiabilitiesCurrent`	$323.52K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$32.15M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$31.95M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$44.13K	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$45.21K	USD	Point-in-time
Total liabilities	`Liabilities`	$32.00M	USD	Point-in-time
Total liabilities	`Liabilities`	$32.20M	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock, $0.001 par value, 10,000,000 shares authorized, no shares issued or outstanding as of March 31, 2015 and December 31, 2014, respectively	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.001 par value, 10,000,000 shares authorized, no shares issued or outstanding as of March 31, 2015 and December 31, 2014, respectively	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $0.001 par value, 200,000,000 shares authorized, 111,657,804 and 111,601,304 shares issued and outstanding as of March 31, 2015 and December 31, 2014, respectively	`CommonStockValue`	$111.60K	USD	Point-in-time
Common stock, $0.001 par value, 200,000,000 shares authorized, 111,657,804 and 111,601,304 shares issued and outstanding as of March 31, 2015 and December 31, 2014, respectively	`CommonStockValue`	$111.66K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$150.79M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$151.08M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-75.42M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-76.94M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$75.48M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$74.25M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$106.25M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$107.68M	USD	Point-in-time

Income Statement 28 line items

Line Item	Tag	Value	Unit	Period
Revenue	`Revenues`	$38.16M	USD	1 Quarter
Revenue	`Revenues`	$40.01M	USD	1 Quarter
Cost of revenue	`CostOfGoodsSold`	$36.72M	USD	1 Quarter
Cost of revenue	`CostOfGoodsSold`	$34.83M	USD	1 Quarter
Gross profit	`GrossProfit`	$3.29M	USD	1 Quarter
Gross profit	`GrossProfit`	$3.33M	USD	1 Quarter
Selling, general, and administrative	`SellingGeneralAndAdministrativeExpense`	$3.78M	USD	1 Quarter
Selling, general, and administrative	`SellingGeneralAndAdministrativeExpense`	$2.99M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$979.14K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$951.66K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$4.76M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$3.95M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-1.47M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-612.96K	USD	1 Quarter
Interest expense	`InterestExpense`	$48.60K	USD	1 Quarter
Interest expense	`InterestExpense`	$875.47K	USD	1 Quarter
Total other expense	`OtherExpenses`	$875.47K	USD	1 Quarter
Total other expense	`OtherExpenses`	$48.60K	USD	1 Quarter
Loss before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-1.49M	USD	1 Quarter
Loss before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-1.52M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.52M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.49M	USD	1 Quarter
Net loss applicable to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-1.52M	USD	1 Quarter
Net loss applicable to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-1.49M	USD	1 Quarter
Basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	1 Quarter
Basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.02	USD	1 Quarter
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	95.82M	shares	1 Quarter
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	111.62M	shares	1 Quarter

Cash Flow Statement 46 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-1.52M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.49M	USD	1 Quarter
Depreciation	`Depreciation`	$76.05K	USD	1 Quarter
Depreciation	`Depreciation`	$69.57K	USD	1 Quarter
Amortization of intangibles	`AmortizationOfIntangibleAssets`	$903.09K	USD	1 Quarter
Amortization of intangibles	`AmortizationOfIntangibleAssets`	$882.10K	USD	1 Quarter
Amortization of debt discount and deferred financing costs	`AmortizationOfFinancingCostsAndDiscounts`	$451.64K	USD	1 Quarter
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$41.34K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$285.16K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$163.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$785.41K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-1.01M	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$148.48K	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$67.98K	USD	1 Quarter
Security deposits and other assets	`IncreaseDecreaseInSecurityDepositsAndOtherAssets`	$-332.00	USD	1 Quarter
Security deposits and other assets	`IncreaseDecreaseInSecurityDepositsAndOtherAssets`	$12.68K	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-236.85K	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-2.80M	USD	1 Quarter
Deferred revenue and other current liabilities	`IncreaseDecreaseInDeferredRevenueAndOtherCurrentLiabilities`	$108.01K	USD	1 Quarter
Deferred revenue and other current liabilities	`IncreaseDecreaseInDeferredRevenueAndOtherCurrentLiabilities`	$41.33K	USD	1 Quarter
Other long-term liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$4.56K	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-3.51M	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$483.61K	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$170.14K	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$6.70K	USD	1 Quarter
Purchase of capitalized software development	`PaymentsToDevelopSoftware`	$150.84K	USD	1 Quarter
Purchase of capitalized software development	`PaymentsToDevelopSoftware`	$77.42K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-84.12K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-320.98K	USD	1 Quarter
Proceeds from line of credit	`ProceedsFromLinesOfCredit`	$2.00M	USD	1 Quarter
Repayments of capital lease obligations	`RepaymentsOfDebtAndCapitalLeaseObligations`	$5.64K	USD	1 Quarter
Repayments of capital lease obligations	`RepaymentsOfDebtAndCapitalLeaseObligations`	$3.95K	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$2.00M	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-5.64K	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.59M	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$157.00K	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$3.15M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$2.68M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.08M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$3.31M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$3.15M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$2.68M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.08M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$3.31M	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	$423.83K	USD	1 Quarter
Cash paid for interest	`InterestPaidNet`	$48.52K	USD	1 Quarter

Stockholders Equity 9 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance	`StockholdersEquity`	$75.48M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$74.25M	USD	Point-in-time
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$291.09K	USD	1 Quarter
Shares issued for vested restricted stock units, Value	`StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures`	$57.00	USD	1 Quarter
Shares issued for vested restricted stock units, Shares	`StockIssuedDuringPeriodSharesRestrictedStockAwardNetOfForfeitures`	56,500.00	shares	1 Quarter
Net loss	`NetIncomeLoss`	$-1.52M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.49M	USD	1 Quarter
Ending Balance	`StockholdersEquity`	$75.48M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$74.25M	USD	Point-in-time

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