10-K Filing

Quest Resource Holding Corp CIK: 1442236 FY 2015

Filing Information

Form Type	10-K
Accession Number	`0001564590-16-014921`
Period End Date	20151231
Filing Date	20160316
Fiscal Year	2015
Fiscal Period	FY
XBRL Instance	qrhc-20151231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 64 Income Statement 31 Cash Flow Statement 54 Stockholders Equity 20

Balance Sheet 64 line items

Line Item	Tag	Value	Unit	Period
Allowance for doubtful accounts receivable	`AllowanceForDoubtfulAccountsReceivableCurrent`	$760.92K	USD	Point-in-time
Allowance for doubtful accounts receivable	`AllowanceForDoubtfulAccountsReceivableCurrent`	$319.74K	USD	Point-in-time
Allowance for doubtful accounts receivable	`AllowanceForDoubtfulAccountsReceivableCurrent`	$586.94K	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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.99M	USD	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
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Accounts receivable, less allowance for doubtful accounts of $586,941 and $760,917 as of December 31, 2015 and 2014, respectively	`AccountsReceivableNetCurrent`	$29.63M	USD	Point-in-time
Accounts receivable, less allowance for doubtful accounts of $586,941 and $760,917 as of December 31, 2015 and 2014, respectively	`AccountsReceivableNetCurrent`	$33.30M	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
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
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$946.91K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Total current assets	`AssetsCurrent`	$37.24M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Total current assets	`AssetsCurrent`	$33.47M	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
Goodwill	`Goodwill`	$58.34M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$15.12M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	9.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	111.60M	shares	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$11.83M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	111.79M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	111.60M	shares	Point-in-time
Property and equipment, net, and other assets	`PropertyPlantAndEquipmentNetIncludingDepositsAssetsNoncurrent`	$1.61M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	111.79M	shares	Point-in-time
Property and equipment, net, and other assets	`PropertyPlantAndEquipmentNetIncludingDepositsAssetsNoncurrent`	$753.49K	USD	Point-in-time
Total assets	`Assets`	$109.01M	USD	Point-in-time
Total assets	`Assets`	$107.68M	USD	Point-in-time
Line of credit	`LinesOfCreditCurrent`	$5.25M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$34.85M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$26.62M	USD	Point-in-time
Deferred revenue and other current liabilities	`DeferredCreditsAndOtherLiabilitiesCurrent`	$328.83K	USD	Point-in-time
Deferred revenue and other current liabilities	`DeferredCreditsAndOtherLiabilitiesCurrent`	$282.19K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$32.15M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$35.18M	USD	Point-in-time
Line of credit	`LongTermLineOfCredit`	$4.00M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$341.14K	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$45.21K	USD	Point-in-time
Total liabilities	`Liabilities`	$39.52M	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 December 31, 2015 and 2014	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.001 par value, 10,000,000 shares authorized, no shares issued or outstanding as of December 31, 2015 and 2014	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $0.001 par value, 200,000,000 shares authorized, 111,788,225 and 111,601,304 shares issued and outstanding as of December 31, 2015 and 2014, respectively	`CommonStockValue`	$111.79K	USD	Point-in-time
Common stock, $0.001 par value, 200,000,000 shares authorized, 111,788,225 and 111,601,304 shares issued and outstanding as of December 31, 2015 and 2014, respectively	`CommonStockValue`	$111.60K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$150.79M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$152.25M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-82.87M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-75.42M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$75.48M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$69.49M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$53.98M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$109.01M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$107.68M	USD	Point-in-time

Income Statement 31 line items

Line Item	Tag	Value	Unit	Period
Revenue	`Revenues`	$174.45M	USD	Annual
Revenue	`Revenues`	$170.14M	USD	Annual
Cost of revenue	`CostOfGoodsSold`	$156.50M	USD	Annual
Cost of revenue	`CostOfGoodsSold`	$160.19M	USD	Annual
Gross profit	`GrossProfit`	$13.64M	USD	Annual
Gross profit	`GrossProfit`	$14.27M	USD	Annual
Selling, general, and administrative	`SellingGeneralAndAdministrativeExpense`	$14.38M	USD	Annual
Selling, general, and administrative	`SellingGeneralAndAdministrativeExpense`	$16.30M	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$3.83M	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$4.57M	USD	Annual
Total operating expenses	`OperatingExpenses`	$20.87M	USD	Annual
Total operating expenses	`OperatingExpenses`	$18.21M	USD	Annual
Operating loss	`OperatingIncomeLoss`	$-3.94M	USD	Annual
Operating loss	`OperatingIncomeLoss`	$-7.23M	USD	Annual
Interest expense	`InterestExpense`	$101.26K	USD	Point-in-time
Interest expense	`InterestExpense`	$218.28K	USD	Annual
Interest expense	`InterestExpense`	$4.30M	USD	Annual
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$1.66M	USD	Point-in-time
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-1.66M	USD	Annual
Total other expense, net	`OtherExpenses`	$218.28K	USD	Annual
Total other expense, net	`OtherExpenses`	$5.95M	USD	Annual
Loss before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-9.90M	USD	Annual
Loss before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-7.45M	USD	Annual
Net loss	`NetIncomeLoss`	$-7.45M	USD	Annual
Net loss	`NetIncomeLoss`	$-9.90M	USD	Annual
Net loss applicable to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-9.90M	USD	Annual
Net loss applicable to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-7.45M	USD	Annual
Basic and Diluted	`EarningsPerShareBasicAndDiluted`	$-0.07	USD	Annual
Basic and Diluted	`EarningsPerShareBasicAndDiluted`	$-0.10	USD	Annual
Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	100.55M	shares	Annual
Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	111.69M	shares	Annual

Cash Flow Statement 54 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-7.45M	USD	Annual
Net loss	`NetIncomeLoss`	$-9.90M	USD	Annual
Depreciation	`Depreciation`	$314.18K	USD	Annual
Depreciation	`Depreciation`	$292.07K	USD	Annual
Amortization of intangibles	`AmortizationOfIntangibleAssets`	$3.54M	USD	Annual
Amortization of intangibles	`AmortizationOfIntangibleAssets`	$4.26M	USD	Annual
Amortization of debt discount and deferred financing costs	`AmortizationOfFinancingCostsAndDiscounts`	-	USD	Annual
Amortization of debt discount and deferred financing costs	`AmortizationOfFinancingCostsAndDiscounts`	$3.00M	USD	Annual
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$1.66M	USD	Point-in-time
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-1.66M	USD	Annual
Interest converted to common stock	`PaidInKindInterest`	$105.26K	USD	Annual
Gain on disposal of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$15.65K	USD	Annual
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$265.18K	USD	Annual
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$441.34K	USD	Annual
Stock-based compensation	`ShareBasedCompensation`	$1.32M	USD	Annual
Stock-based compensation	`ShareBasedCompensation`	$1.55M	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$3.93M	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$9.22M	USD	Annual
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$279.24K	USD	Annual
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$262.88K	USD	Annual
Security deposits and other assets	`IncreaseDecreaseInSecurityDepositsAndOtherAssets`	$123.76K	USD	Annual
Security deposits and other assets	`IncreaseDecreaseInSecurityDepositsAndOtherAssets`	$80.74K	USD	Annual
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$8.26M	USD	Annual
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$358.38K	USD	Annual
Deferred revenue and other current liabilities	`IncreaseDecreaseInDeferredRevenueAndOtherCurrentLiabilities`	$46.56K	USD	Annual
Deferred revenue and other current liabilities	`IncreaseDecreaseInDeferredRevenueAndOtherCurrentLiabilities`	$3.66K	USD	Annual
Other long-term liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$30.16K	USD	Annual
Other long-term liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$32.15K	USD	Annual
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$2.66M	USD	Annual
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-8.56M	USD	Annual
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$180.42K	USD	Annual
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$674.67K	USD	Annual
Purchase of capitalized software and trademark development	`PaymentsToAcquireIntangibleAssets`	$839.61K	USD	Annual
Purchase of capitalized software and trademark development	`PaymentsToAcquireIntangibleAssets`	$969.96K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-1.02M	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-1.64M	USD	Annual
Proceeds from line of credit	`ProceedsFromRepaymentsOfLinesOfCredit`	$2.50M	USD	Annual
Proceeds from line of credit	`ProceedsFromRepaymentsOfLinesOfCredit`	$8.70M	USD	Annual
Repayments to line of credit	`RepaymentsOfLinesOfCredit`	$9.95M	USD	Annual
Proceeds from sale of capital stock	`ProceedsFromIssuanceOfCommonStock`	$18.58M	USD	Annual
Proceeds from sale of capital stock	`ProceedsFromIssuanceOfCommonStock`	$110.07K	USD	Annual
Repayments of capital lease obligations	`RepaymentsOfDebtAndCapitalLeaseObligations`	$20.02K	USD	Annual
Repayments of capital lease obligations	`RepaymentsOfDebtAndCapitalLeaseObligations`	$39.28K	USD	Annual
Repayments of senior convertible notes related party	`RepaymentsOfSeniorDebt`	$11.00M	USD	Annual
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$10.06M	USD	Annual
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-1.18M	USD	Annual
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-164.81K	USD	Annual
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$477.56K	USD	Annual
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$3.15M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$2.99M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$2.68M	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`	$2.99M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$2.68M	USD	Point-in-time

Stockholders Equity 20 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance	`StockholdersEquity`	$75.48M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$69.49M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$53.98M	USD	Point-in-time
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$1.64M	USD	Annual
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$1.35M	USD	Annual
Sale of common stock and warrants, net of issuance costs, Value	`StockAndWarrantsIssuedDuringPeriodValueNetOfIssuanceCosts`	$18.58M	USD	Annual
Sale of common stock and warrants, net of issuance costs, Shares	`StockIssuedDuringPeriodSharesNewIssues`	186,921.00	shares	Annual
Sale of common stock and warrants, net of issuance costs, Shares	`StockIssuedDuringPeriodSharesNewIssues`	15.79M	shares	Annual
Note and accrued interest conversions, Value	`StockIssuedDuringPeriodValueConversionOfUnits`	$11.13M	USD	Annual
Note and accrued interest conversions, Shares	`StockIssuedDuringPeriodSharesConversionOfUnits`	5.57M	shares	Annual
Common stock issued for services, Value	`StockIssuedDuringPeriodValueIssuedForServices`	$50.00K	USD	Annual
Common stock issued for services, Shares	`StockIssuedDuringPeriodSharesIssuedForServices`	20,408.00	shares	Annual
Shares issued for vested restricted stock units, Shares	`StockIssuedDuringPeriodSharesRestrictedStockAwardNetOfForfeitures`	56,500.00	shares	Annual
Shares issued for Employee Stock Purchase Plan options, Value	`StockIssuedDuringPeriodValueEmployeeStockPurchasePlan`	$110.07K	USD	Annual
Shares issued for Employee Stock Purchase Plan options, Shares	`StockIssuedDuringPeriodSharesEmployeeStockPurchasePlans`	130,421.00	shares	Annual
Net loss	`NetIncomeLoss`	$-7.45M	USD	Annual
Net loss	`NetIncomeLoss`	$-9.90M	USD	Annual
Ending Balance	`StockholdersEquity`	$75.48M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$69.49M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$53.98M	USD	Point-in-time

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