10-K Filing

Quest Resource Holding Corp CIK: 1442236 FY 2016

Filing Information

Form Type	10-K
Accession Number	`0001564590-17-005800`
Period End Date	20161231
Filing Date	20170331
Fiscal Year	2016
Fiscal Period	FY
XBRL Instance	qrhc-20161231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 65 Income Statement 29 Cash Flow Statement 50 Stockholders Equity 19

Balance Sheet 65 line items

Line Item	Tag	Value	Unit	Period
Allowance for doubtful accounts receivable	`AllowanceForDoubtfulAccountsReceivableCurrent`	$333.58K	USD	Point-in-time
Allowance for doubtful accounts receivable	`AllowanceForDoubtfulAccountsReceivableCurrent`	$760.92K	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`	$1.33M	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
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Accounts receivable, less allowance for doubtful accounts of $333,578 and $586,941 as of December 31, 2016 and 2015, respectively	`AccountsReceivableNetCurrent`	$33.30M	USD	Point-in-time
Accounts receivable, less allowance for doubtful accounts of $333,578 and $586,941 as of December 31, 2016 and 2015, respectively	`AccountsReceivableNetCurrent`	$34.83M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$2.67M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	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
Total current assets	`AssetsCurrent`	$38.83M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Goodwill	`Goodwill`	$58.34M	USD	Point-in-time
Goodwill	`Goodwill`	$58.34M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	15.27M	shares	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$8.49M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	13.97M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	861,251.00	shares	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$11.83M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	15.27M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	13.97M	shares	Point-in-time
Property and equipment, net, and other assets	`PropertyPlantAndEquipmentNetIncludingDepositsAssetsNoncurrent`	$2.41M	USD	Point-in-time
Property and equipment, net, and other assets	`PropertyPlantAndEquipmentNetIncludingDepositsAssetsNoncurrent`	$1.61M	USD	Point-in-time
Total assets	`Assets`	$109.01M	USD	Point-in-time
Reverse stock split ratio of common stock	`StockholdersEquityNoteStockSplitConversionRatio1`	0.12	pure	Point-in-time
Total assets	`Assets`	$108.07M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$35.31M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$34.85M	USD	Point-in-time
Deferred revenue and other current liabilities	`DeferredCreditsAndOtherLiabilitiesCurrent`	$328.83K	USD	Point-in-time
Deferred revenue and other current liabilities	`DeferredCreditsAndOtherLiabilitiesCurrent`	$406.06K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$35.71M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$35.18M	USD	Point-in-time
Line of credit	`LongTermLineOfCredit`	$4.75M	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`	$335.64K	USD	Point-in-time
Total liabilities	`Liabilities`	$39.52M	USD	Point-in-time
Total liabilities	`Liabilities`	$40.80M	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, 2016 and 2015	`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, 2016 and 2015	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $0.001 par value, 200,000,000 shares authorized, 15,272,575 and 13,973,597 shares issued and outstanding as of December 31, 2016 and 2015, respectively, given retroactive effect to the 1-for-8 reverse stock split effective August 10, 2016	`CommonStockValue`	$13.97K	USD	Point-in-time
Common stock, $0.001 par value, 200,000,000 shares authorized, 15,272,575 and 13,973,597 shares issued and outstanding as of December 31, 2016 and 2015, respectively, given retroactive effect to the 1-for-8 reverse stock split effective August 10, 2016	`CommonStockValue`	$15.27K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$152.35M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$158.17M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-90.91M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-82.87M	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`	$67.27M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$108.07M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$109.01M	USD	Point-in-time

Income Statement 29 line items

Line Item	Tag	Value	Unit	Period
Reverse stock split ratio of common stock	`StockholdersEquityNoteStockSplitConversionRatio1`	0.12	pure	Point-in-time
Revenue	`Revenues`	$183.81M	USD	Annual
Revenue	`Revenues`	$170.14M	USD	Annual
Cost of revenue	`CostOfGoodsSold`	$169.40M	USD	Annual
Cost of revenue	`CostOfGoodsSold`	$156.50M	USD	Annual
Gross profit	`GrossProfit`	$13.64M	USD	Annual
Gross profit	`GrossProfit`	$14.41M	USD	Annual
Selling, general, and administrative	`SellingGeneralAndAdministrativeExpense`	$16.30M	USD	Annual
Selling, general, and administrative	`SellingGeneralAndAdministrativeExpense`	$18.17M	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$4.04M	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$4.57M	USD	Annual
Total operating expenses	`OperatingExpenses`	$22.21M	USD	Annual
Total operating expenses	`OperatingExpenses`	$20.87M	USD	Annual
Operating loss	`OperatingIncomeLoss`	$-7.23M	USD	Annual
Operating loss	`OperatingIncomeLoss`	$-7.80M	USD	Annual
Interest expense	`InterestExpense`	$218.28K	USD	Annual
Interest expense	`InterestExpense`	$240.80K	USD	Annual
Total other expense, net	`OtherExpenses`	$218.28K	USD	Annual
Total other expense, net	`OtherExpenses`	$240.80K	USD	Annual
Loss before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-7.45M	USD	Annual
Loss before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-8.05M	USD	Annual
Net loss	`NetIncomeLoss`	$-8.05M	USD	Annual
Net loss	`NetIncomeLoss`	$-7.45M	USD	Annual
Net loss applicable to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-7.45M	USD	Annual
Net loss applicable to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-8.05M	USD	Annual
Basic and Diluted	`EarningsPerShareBasicAndDiluted`	$-0.55	USD	Annual
Basic and Diluted	`EarningsPerShareBasicAndDiluted`	$-0.53	USD	Annual
Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	13.96M	shares	Annual
Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	14.74M	shares	Annual

Cash Flow Statement 50 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-8.05M	USD	Annual
Net loss	`NetIncomeLoss`	$-7.45M	USD	Annual
Depreciation	`Depreciation`	$314.18K	USD	Annual
Depreciation	`Depreciation`	$469.81K	USD	Annual
Amortization of intangibles	`AmortizationOfIntangibleAssets`	$4.26M	USD	Annual
Amortization of intangibles	`AmortizationOfIntangibleAssets`	$3.70M	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`	$458.92K	USD	Annual
Stock-based compensation	`ShareBasedCompensation`	$1.32M	USD	Annual
Stock-based compensation	`ShareBasedCompensation`	$1.85M	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$1.99M	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$3.93M	USD	Annual
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$262.88K	USD	Annual
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$677.22K	USD	Annual
Security deposits and other assets	`IncreaseDecreaseInSecurityDepositsAndOtherAssets`	$80.74K	USD	Annual
Security deposits and other assets	`IncreaseDecreaseInSecurityDepositsAndOtherAssets`	$773.67K	USD	Annual
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$8.26M	USD	Annual
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$458.20K	USD	Annual
Deferred revenue and other current liabilities	`IncreaseDecreaseInDeferredRevenueAndOtherCurrentLiabilities`	$89.47K	USD	Annual
Deferred revenue and other current liabilities	`IncreaseDecreaseInDeferredRevenueAndOtherCurrentLiabilities`	$-46.56K	USD	Annual
Other long-term liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$69.18K	USD	Annual
Other long-term liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$30.16K	USD	Annual
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-4.39M	USD	Annual
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$2.66M	USD	Annual
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$469.31K	USD	Annual
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$674.67K	USD	Annual
Purchase of capitalized software and trademark development	`PaymentsToAcquireIntangibleAssets`	$969.96K	USD	Annual
Purchase of capitalized software and trademark development	`PaymentsToAcquireIntangibleAssets`	$361.14K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-830.46K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-1.64M	USD	Annual
Proceeds from line of credit	`ProceedsFromRepaymentsOfLinesOfCredit`	$8.70M	USD	Annual
Proceeds from line of credit	`ProceedsFromRepaymentsOfLinesOfCredit`	$23.50M	USD	Annual
Repayments to line of credit	`RepaymentsOfLinesOfCredit`	$22.75M	USD	Annual
Repayments to line of credit	`RepaymentsOfLinesOfCredit`	$9.95M	USD	Annual
Proceeds from the sale of common stock and warrants, net of issuance costs	`ProceedsFromIssuanceOrSaleOfEquity`	$2.89M	USD	Annual
Proceeds from shares issued for Employee Stock Purchase Plan	`ProceedsFromSharesIssuedForEmployeeStockPurchasePlan`	$110.07K	USD	Annual
Proceeds from shares issued for Employee Stock Purchase Plan	`ProceedsFromSharesIssuedForEmployeeStockPurchasePlan`	$40.49K	USD	Annual
Repayments of capital lease obligations	`RepaymentsOfDebtAndCapitalLeaseObligations`	$120.02K	USD	Annual
Repayments of capital lease obligations	`RepaymentsOfDebtAndCapitalLeaseObligations`	$39.28K	USD	Annual
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$3.56M	USD	Annual
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-1.18M	USD	Annual
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.66M	USD	Annual
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-164.81K	USD	Annual
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.33M	USD	Point-in-time
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 end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.33M	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

Stockholders Equity 19 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`	$67.27M	USD	Point-in-time
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$1.22M	USD	Annual
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$1.35M	USD	Annual
Sale of common stock and warrants, net of issuance costs, Value	`StockAndWarrantsIssuedDuringPeriodValueNetOfIssuanceCosts`	$2.89M	USD	Annual
Sale of common stock and warrants, net of issuance costs, Shares	`StockAndWarrantsIssuedDuringPeriodShares`	861,251.00	shares	Annual
Shares issued for vested restricted stock units, Shares	`StockIssuedDuringPeriodSharesRestrictedStockAwardNetOfForfeitures`	7,063.00	shares	Annual
Shares issued for Employee Stock Purchase Plan options, Value	`StockIssuedDuringPeriodValueEmployeeStockPurchasePlan`	$40.49K	USD	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`	18,977.00	shares	Annual
Shares issued for Employee Stock Purchase Plan options, Shares	`StockIssuedDuringPeriodSharesEmployeeStockPurchasePlans`	16,303.00	shares	Annual
Shares issued for consulting services, Value	`StockIssuedDuringPeriodValueIssuedForServices`	$1.68M	USD	Annual
Shares issued for consulting services, Shares	`StockIssuedDuringPeriodSharesIssuedForServices`	418,750.00	shares	Annual
Net loss	`NetIncomeLoss`	$-8.05M	USD	Annual
Net loss	`NetIncomeLoss`	$-7.45M	USD	Annual
Ending Balance	`StockholdersEquity`	$75.48M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$69.49M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$67.27M	USD	Point-in-time

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