10-Q Filing

Quest Resource Holding Corp CIK: 1442236 Q1 2019

Filing Information

Form Type	10-Q
Accession Number	`0001564590-19-019401`
Period End Date	20190331
Filing Date	20190515
Fiscal Year	2019
Fiscal Period	Q1
XBRL Instance	qrhc-20190331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 60 Income Statement 27 Cash Flow Statement 51 Stockholders Equity 7

Balance Sheet 60 line items

Line Item	Tag	Value	Unit	Period
Allowance for doubtful accounts receivable	`AllowanceForDoubtfulAccountsReceivableCurrent`	$929.40K	USD	Point-in-time
Allowance for doubtful accounts receivable	`AllowanceForDoubtfulAccountsReceivableCurrent`	$992.45K	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`	$2.07M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.12M	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 $992,447 and $929,399 as of March 31, 2019 and December 31, 2018, respectively	`AccountsReceivableNetCurrent`	$16.71M	USD	Point-in-time
Accounts receivable, less allowance for doubtful accounts of $992,447 and $929,399 as of March 31, 2019 and December 31, 2018, respectively	`AccountsReceivableNetCurrent`	$17.73M	USD	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`	$965.75K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$1.15M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Total current assets	`AssetsCurrent`	$20.95M	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
Common stock, shares authorized	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Goodwill	`Goodwill`	$58.21M	USD	Point-in-time
Goodwill	`Goodwill`	$58.21M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$2.36M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	15.33M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	15.33M	shares	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$2.61M	USD	Point-in-time
Property and equipment, net, and other assets	`PropertyPlantAndEquipmentNetIncludingDepositsAssetsNoncurrent`	$2.92M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	15.33M	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
Total assets	`Assets`	$84.44M	USD	Point-in-time
Total assets	`Assets`	$81.59M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$17.04M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$15.78M	USD	Point-in-time
Deferred revenue and other current liabilities	`DeferredCreditsAndOtherLiabilitiesCurrent`	$51.84K	USD	Point-in-time
Deferred revenue and other current liabilities	`DeferredCreditsAndOtherLiabilitiesCurrent`	$71.72K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$17.09M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$15.85M	USD	Point-in-time
Revolving credit facility, net	`LongTermLineOfCredit`	$5.19M	USD	Point-in-time
Revolving credit facility, net	`LongTermLineOfCredit`	$5.16M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$1.61M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$353.00	USD	Point-in-time
Total liabilities	`Liabilities`	$21.04M	USD	Point-in-time
Total liabilities	`Liabilities`	$23.85M	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, 2019 and December 31, 2018	`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, 2019 and December 31, 2018	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $0.001 par value, 200,000,000 shares authorized, 15,328,870 shares issued and outstanding as of March 31, 2019 and December 31, 2018	`CommonStockValue`	$15.33K	USD	Point-in-time
Common stock, $0.001 par value, 200,000,000 shares authorized, 15,328,870 shares issued and outstanding as of March 31, 2019 and December 31, 2018	`CommonStockValue`	$15.33K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$159.91M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$159.70M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-99.34M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-99.17M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$60.58M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$60.54M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$81.59M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$84.44M	USD	Point-in-time

Income Statement 27 line items

Line Item	Tag	Value	Unit	Period
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$24.70M	USD	1 Quarter
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$26.65M	USD	1 Quarter
Cost of revenue	`CostOfGoodsAndServicesSold`	$21.15M	USD	1 Quarter
Cost of revenue	`CostOfGoodsAndServicesSold`	$22.11M	USD	1 Quarter
Gross profit	`GrossProfit`	$4.54M	USD	1 Quarter
Gross profit	`GrossProfit`	$3.55M	USD	1 Quarter
Selling, general, and administrative	`SellingGeneralAndAdministrativeExpense`	$4.21M	USD	1 Quarter
Selling, general, and administrative	`SellingGeneralAndAdministrativeExpense`	$3.75M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$984.58K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$325.79K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$4.74M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$4.54M	USD	1 Quarter
Operating income (loss)	`OperatingIncomeLoss`	$2.83K	USD	1 Quarter
Operating income (loss)	`OperatingIncomeLoss`	$-1.19M	USD	1 Quarter
Interest expense	`InterestExpense`	$111.81K	USD	1 Quarter
Interest expense	`InterestExpense`	$124.00K	USD	1 Quarter
Loss before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-108.98K	USD	1 Quarter
Loss before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-1.31M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$54.77K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-163.75K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.31M	USD	1 Quarter
Net loss applicable to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-163.75K	USD	1 Quarter
Net loss applicable to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-1.31M	USD	1 Quarter
Basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	1 Quarter
Basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.09	USD	1 Quarter
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	15.33M	shares	1 Quarter
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	15.30M	shares	1 Quarter

Cash Flow Statement 51 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-163.75K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.31M	USD	1 Quarter
Depreciation	`Depreciation`	$67.52K	USD	1 Quarter
Depreciation	`Depreciation`	$103.31K	USD	1 Quarter
Amortization of intangibles	`AmortizationOfIntangibleAssets`	$291.77K	USD	1 Quarter
Amortization of intangibles	`AmortizationOfIntangibleAssets`	$926.57K	USD	1 Quarter
Amortization of debt issuance costs	`AmortizationOfFinancingCosts`	$23.48K	USD	1 Quarter
Amortization of debt issuance costs	`AmortizationOfFinancingCosts`	$23.48K	USD	1 Quarter
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$39.91K	USD	1 Quarter
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$60.00K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$204.03K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$224.12K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$1.08M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$960.51K	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$41.55K	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$181.12K	USD	1 Quarter
Security deposits and other assets	`IncreaseDecreaseInSecurityDepositsAndOtherAssets`	$-128.78K	USD	1 Quarter
Security deposits and other assets	`IncreaseDecreaseInSecurityDepositsAndOtherAssets`	$12.73K	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$2.82M	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$857.24K	USD	1 Quarter
Deferred revenue and other liabilities	`IncreaseDecreaseInContractWithCustomerLiabilityAndOtherLiability`	$-19.20K	USD	1 Quarter
Deferred revenue and other liabilities	`IncreaseDecreaseInContractWithCustomerLiabilityAndOtherLiability`	$-166.70K	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$45.84K	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$1.79M	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$9.37K	USD	1 Quarter
Purchase of capitalized software development	`PaymentsToAcquireIntangibleAssets`	$50.92K	USD	1 Quarter
Purchase of capitalized software development	`PaymentsToAcquireIntangibleAssets`	$41.25K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-41.25K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-60.29K	USD	1 Quarter
Proceeds from credit facilities	`ProceedsFromRepaymentsOfLinesOfCredit`	$25.53M	USD	1 Quarter
Proceeds from credit facilities	`ProceedsFromRepaymentsOfLinesOfCredit`	$21.94M	USD	1 Quarter
Repayments of credit facilities	`RepaymentsOfLinesOfCredit`	$25.59M	USD	1 Quarter
Repayments of credit facilities	`RepaymentsOfLinesOfCredit`	$23.62M	USD	1 Quarter
Repayments of finance lease obligations	`RepaymentsOfDebtAndCapitalLeaseObligations`	$12.96K	USD	1 Quarter
Repayments of finance lease obligations	`RepaymentsOfDebtAndCapitalLeaseObligations`	$1.03K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-1.70M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-61.43K	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-56.84K	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$28.29K	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$2.12M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$1.06M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$2.07M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$1.08M	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`	$1.06M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$2.07M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$1.08M	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	$95.17K	USD	1 Quarter
Cash paid for interest	`InterestPaidNet`	$74.39K	USD	1 Quarter
Sale of goodwill and intangible assets	`ProceedsFromSaleOfGoodwillAndIntangibleAssetsNoncashOrPartialNoncashTransaction`	$246.59K	USD	1 Quarter
Investment in Earth Media Partners, LLC	`InvestmentInRelatedPartyNoncashOrPartialNoncashTransaction`	$-246.59K	USD	1 Quarter

Stockholders Equity 7 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance	`StockholdersEquity`	$60.58M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$60.54M	USD	Point-in-time
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$204.03K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-163.75K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.31M	USD	1 Quarter
Ending Balance	`StockholdersEquity`	$60.58M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$60.54M	USD	Point-in-time

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