10-K Filing

Quest Resource Holding Corp CIK: 1442236 FY 2018

Filing Information

Form Type	10-K
Accession Number	`0001564590-19-007803`
Period End Date	20181231
Filing Date	20190314
Fiscal Year	2018
Fiscal Period	FY
XBRL Instance	qrhc-20181231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 62 Income Statement 28 Cash Flow Statement 49 Stockholders Equity 12

Balance Sheet 62 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`	$699.10K	USD	Point-in-time
Allowance for doubtful accounts receivable	`AllowanceForDoubtfulAccountsReceivableCurrent`	$929.34K	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
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`	$1.06M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.12M	USD	Point-in-time
Accounts receivable, less allowance for doubtful accounts of $929,339 and $699,102 as of December 31, 2018 and 2017, respectively	`AccountsReceivableNetCurrent`	$16.26M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Accounts receivable, less allowance for doubtful accounts of $929,339 and $699,102 as of December 31, 2018 and 2017, respectively	`AccountsReceivableNetCurrent`	$16.71M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$1.51M	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`	$965.75K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$18.83M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Total current assets	`AssetsCurrent`	$19.80M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Goodwill	`Goodwill`	$58.21M	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 authorized	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	15.30M	shares	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$2.61M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	15.33M	shares	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$5.03M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	15.30M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	15.33M	shares	Point-in-time
Property and equipment, net, and other assets	`PropertyPlantAndEquipmentNetIncludingDepositsAssetsNoncurrent`	$968.02K	USD	Point-in-time
Property and equipment, net, and other assets	`PropertyPlantAndEquipmentNetIncludingDepositsAssetsNoncurrent`	$1.32M	USD	Point-in-time
Total assets	`Assets`	$83.52M	USD	Point-in-time
Total assets	`Assets`	$81.59M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$15.78M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$14.25M	USD	Point-in-time
Deferred revenue and other current liabilities	`DeferredCreditsAndOtherLiabilitiesCurrent`	$71.72K	USD	Point-in-time
Deferred revenue and other current liabilities	`DeferredCreditsAndOtherLiabilitiesCurrent`	$328.76K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$15.85M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$14.58M	USD	Point-in-time
Revolving credit facility, net	`LongTermLineOfCredit`	$5.19M	USD	Point-in-time
Revolving credit facility, net	`LongTermLineOfCredit`	$6.76M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$21.99K	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$353.00	USD	Point-in-time
Total liabilities	`Liabilities`	$21.37M	USD	Point-in-time
Total liabilities	`Liabilities`	$21.04M	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, 2018 and 2017	`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, 2018 and 2017	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $0.001 par value, 200,000,000 shares authorized, 15,328,870 and 15,302,455 shares issued and outstanding as of December 31, 2018 and 2017, respectively	`CommonStockValue`	$15.33K	USD	Point-in-time
Common stock, $0.001 par value, 200,000,000 shares authorized, 15,328,870 and 15,302,455 shares issued and outstanding as of December 31, 2018 and 2017, respectively	`CommonStockValue`	$15.30K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$159.70M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$158.87M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-96.74M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-99.17M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$67.27M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$60.54M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$62.15M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$83.52M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$81.59M	USD	Point-in-time

Income Statement 28 line items

Line Item	Tag	Value	Unit	Period
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$103.81M	USD	Annual
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$138.35M	USD	Annual
Cost of revenue	`CostOfGoodsAndServicesSold`	$122.63M	USD	Annual
Cost of revenue	`CostOfGoodsAndServicesSold`	$86.94M	USD	Annual
Gross profit	`GrossProfit`	$15.71M	USD	Annual
Gross profit	`GrossProfit`	$16.86M	USD	Annual
Selling, general, and administrative	`SellingGeneralAndAdministrativeExpense`	$17.08M	USD	Annual
Selling, general, and administrative	`SellingGeneralAndAdministrativeExpense`	$16.16M	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$3.99M	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$2.70M	USD	Annual
Total operating expenses	`OperatingExpenses`	$21.06M	USD	Annual
Total operating expenses	`OperatingExpenses`	$18.86M	USD	Annual
Operating loss	`OperatingIncomeLoss`	$-5.35M	USD	Annual
Operating loss	`OperatingIncomeLoss`	$-2.00M	USD	Annual
Interest expense	`InterestExpense`	$468.03K	USD	Annual
Interest expense	`InterestExpense`	$437.73K	USD	Annual
Total other expense, net	`OtherExpenses`	$437.73K	USD	Annual
Total other expense, net	`OtherExpenses`	$468.03K	USD	Annual
Loss before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-2.44M	USD	Annual
Loss before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-5.82M	USD	Annual
Net loss	`NetIncomeLoss`	$-2.44M	USD	Annual
Net loss	`NetIncomeLoss`	$-5.82M	USD	Annual
Net loss applicable to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-5.82M	USD	Annual
Net loss applicable to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-2.44M	USD	Annual
Basic and Diluted	`EarningsPerShareBasicAndDiluted`	$-0.38	USD	Annual
Basic and Diluted	`EarningsPerShareBasicAndDiluted`	$-0.16	USD	Annual
Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	15.28M	shares	Annual
Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	15.31M	shares	Annual

Cash Flow Statement 49 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-2.44M	USD	Annual
Net loss	`NetIncomeLoss`	$-5.82M	USD	Annual
Depreciation	`Depreciation`	$385.86K	USD	Annual
Depreciation	`Depreciation`	$444.50K	USD	Annual
Amortization of intangibles	`AmortizationOfIntangibleAssets`	$3.71M	USD	Annual
Amortization of intangibles	`AmortizationOfIntangibleAssets`	$2.50M	USD	Annual
Amortization of debt issuance costs	`AmortizationOfFinancingCosts`	$93.90K	USD	Annual
Amortization of debt issuance costs	`AmortizationOfFinancingCosts`	$78.25K	USD	Annual
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$652.27K	USD	Annual
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$1.09M	USD	Annual
Stock-based compensation	`ShareBasedCompensation`	$1.71M	USD	Annual
Stock-based compensation	`ShareBasedCompensation`	$793.59K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-17.91M	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$1.53M	USD	Annual
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-542.26K	USD	Annual
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-116.11K	USD	Annual
Security deposits and other assets	`IncreaseDecreaseInSecurityDepositsAndOtherAssets`	$-256.55K	USD	Annual
Security deposits and other assets	`IncreaseDecreaseInSecurityDepositsAndOtherAssets`	$-710.60K	USD	Annual
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$1.52M	USD	Annual
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-21.05M	USD	Annual
Deferred revenue and other liabilities	`IncreaseDecreaseInContractWithCustomerLiabilityAndOtherLiability`	$-239.62K	USD	Annual
Deferred revenue and other liabilities	`IncreaseDecreaseInContractWithCustomerLiabilityAndOtherLiability`	$-117.36K	USD	Annual
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$2.97M	USD	Annual
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.65M	USD	Annual
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$43.51K	USD	Annual
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$60.51K	USD	Annual
Purchase of capitalized software development	`PaymentsToAcquireIntangibleAssets`	$254.77K	USD	Annual
Purchase of capitalized software development	`PaymentsToAcquireIntangibleAssets`	$196.46K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-315.29K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-239.97K	USD	Annual
Proceeds from credit facilities	`ProceedsFromRepaymentsOfLinesOfCredit`	$108.57M	USD	Annual
Proceeds from credit facilities	`ProceedsFromRepaymentsOfLinesOfCredit`	$100.48M	USD	Annual
Repayments of credit facilities	`RepaymentsOfLinesOfCredit`	$102.14M	USD	Annual
Repayments of credit facilities	`RepaymentsOfLinesOfCredit`	$106.61M	USD	Annual
Proceeds from shares issued for Employee Stock Purchase Plan	`ProceedsFromSharesIssuedForEmployeeStockPurchasePlan`	$32.99K	USD	Annual
Proceeds from shares issued for Employee Stock Purchase Plan	`ProceedsFromSharesIssuedForEmployeeStockPurchasePlan`	$40.38K	USD	Annual
Debt issuance costs	`PaymentsOfDebtIssuanceCosts`	$234.33K	USD	Annual
Repayments of capital lease obligations	`RepaymentsOfDebtAndCapitalLeaseObligations`	$39.07K	USD	Annual
Repayments of capital lease obligations	`RepaymentsOfDebtAndCapitalLeaseObligations`	$60.98K	USD	Annual
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-1.66M	USD	Annual
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.69M	USD	Annual
Net increase (decrease) in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$1.07M	USD	Annual
Net increase (decrease) in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-272.89K	USD	Annual
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$2.12M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$1.33M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$1.06M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$2.12M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$1.33M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$1.06M	USD	Point-in-time

Stockholders Equity 12 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance	`StockholdersEquity`	$67.27M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$60.54M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$62.15M	USD	Point-in-time
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$793.59K	USD	Annual
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$662.81K	USD	Annual
Shares issued for Employee Stock Purchase Plan options, Value	`StockIssuedDuringPeriodValueEmployeeStockPurchasePlan`	$40.38K	USD	Annual
Shares issued for Employee Stock Purchase Plan options, Value	`StockIssuedDuringPeriodValueEmployeeStockPurchasePlan`	$32.99K	USD	Annual
Net loss	`NetIncomeLoss`	$-2.44M	USD	Annual
Net loss	`NetIncomeLoss`	$-5.82M	USD	Annual
Ending Balance	`StockholdersEquity`	$67.27M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$60.54M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$62.15M	USD	Point-in-time

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