10-K Filing

Quest Resource Holding Corp CIK: 1442236 FY 2019

Filing Information

Form Type	10-K
Accession Number	`0001564590-20-010451`
Period End Date	20191231
Filing Date	20200312
Fiscal Year	2019
Fiscal Period	FY
XBRL Instance	qrhc-20191231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 62 Income Statement 31 Cash Flow Statement 48 Stockholders Equity 12

Balance Sheet 62 line items

Line Item	Tag	Value	Unit	Period
Allowance for doubtful accounts receivable	`AllowanceForDoubtfulAccountsReceivableCurrent`	$767.46K	USD	Point-in-time
Allowance for doubtful accounts receivable	`AllowanceForDoubtfulAccountsReceivableCurrent`	$929.34K	USD	Point-in-time
Allowance for doubtful accounts receivable	`AllowanceForDoubtfulAccountsReceivableCurrent`	$699.10K	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`	$3.41M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	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
Accounts receivable, less allowance for doubtful accounts of $767,464 and $929,339 as of December 31, 2019 and 2018, respectively	`AccountsReceivableNetCurrent`	$16.71M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Accounts receivable, less allowance for doubtful accounts of $767,464 and $929,339 as of December 31, 2019 and 2018, respectively	`AccountsReceivableNetCurrent`	$13.90M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$1.11M	USD	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
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
Total current assets	`AssetsCurrent`	$18.42M	USD	Point-in-time
Goodwill	`Goodwill`	$58.21M	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
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$2.61M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	15.37M	shares	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$1.59M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	15.33M	shares	Point-in-time
Property and equipment, net, and other assets	`PropertyPlantAndEquipmentNetIncludingDepositsAssetsNoncurrent`	$2.44M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	15.37M	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`	$81.59M	USD	Point-in-time
Total assets	`Assets`	$80.66M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$13.32M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$15.78M	USD	Point-in-time
Deferred revenue and other current liabilities	`DeferredCreditsAndOtherLiabilitiesCurrent`	$19.64K	USD	Point-in-time
Deferred revenue and other current liabilities	`DeferredCreditsAndOtherLiabilitiesCurrent`	$71.72K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$13.34M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$15.85M	USD	Point-in-time
Revolving credit facility, net	`LongTermLineOfCredit`	$4.53M	USD	Point-in-time
Revolving credit facility, net	`LongTermLineOfCredit`	$5.19M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$353.00	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$1.14M	USD	Point-in-time
Total liabilities	`Liabilities`	$19.01M	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, 2019 and 2018	`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, 2019 and 2018	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $0.001 par value, 200,000,000 shares authorized, 15,372,905 and 15,328,870 shares issued and outstanding as of December 31, 2019 and 2018, respectively	`CommonStockValue`	$15.33K	USD	Point-in-time
Common stock, $0.001 par value, 200,000,000 shares authorized, 15,372,905 and 15,328,870 shares issued and outstanding as of December 31, 2019 and 2018, respectively	`CommonStockValue`	$15.37K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$159.70M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$160.86M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-99.23M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-99.17M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$60.54M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$61.64M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$62.15M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$80.66M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$81.59M	USD	Point-in-time

Income Statement 31 line items

Line Item	Tag	Value	Unit	Period
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$103.81M	USD	Annual
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$98.98M	USD	Annual
Cost of revenue	`CostOfGoodsAndServicesSold`	$86.94M	USD	Annual
Cost of revenue	`CostOfGoodsAndServicesSold`	$80.25M	USD	Annual
Gross profit	`GrossProfit`	$16.86M	USD	Annual
Gross profit	`GrossProfit`	$18.73M	USD	Annual
Selling, general, and administrative	`SellingGeneralAndAdministrativeExpense`	$16.16M	USD	Annual
Selling, general, and administrative	`SellingGeneralAndAdministrativeExpense`	$16.82M	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$2.70M	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$1.31M	USD	Annual
Total operating expenses	`OperatingExpenses`	$18.13M	USD	Annual
Total operating expenses	`OperatingExpenses`	$18.86M	USD	Annual
Operating income (loss)	`OperatingIncomeLoss`	$-2.00M	USD	Annual
Operating income (loss)	`OperatingIncomeLoss`	$595.47K	USD	Annual
Interest expense	`InterestExpense`	$437.73K	USD	Annual
Interest expense	`InterestExpense`	$431.63K	USD	Annual
Income (loss) before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$163.84K	USD	Annual
Income (loss) before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-2.44M	USD	Annual
Income tax expense	`IncomeTaxExpenseBenefit`	$219.08K	USD	Annual
Net loss	`NetIncomeLoss`	$-55.24K	USD	Annual
Net loss	`NetIncomeLoss`	$-2.44M	USD	Annual
Net loss applicable to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-55.24K	USD	Annual
Net loss applicable to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-2.44M	USD	Annual
Basic	`EarningsPerShareBasic`	-	USD	Annual
Basic	`EarningsPerShareBasic`	$-0.16	USD	Annual
Diluted	`EarningsPerShareDiluted`	$-0.16	USD	Annual
Diluted	`EarningsPerShareDiluted`	-	USD	Annual
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	15.31M	shares	Annual
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	15.35M	shares	Annual
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	15.35M	shares	Annual
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	15.31M	shares	Annual

Cash Flow Statement 48 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-55.24K	USD	Annual
Net loss	`NetIncomeLoss`	$-2.44M	USD	Annual
Depreciation	`Depreciation`	$225.06K	USD	Annual
Depreciation	`Depreciation`	$385.86K	USD	Annual
Amortization of intangibles	`AmortizationOfIntangibleAssets`	$1.18M	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`	$93.90K	USD	Annual
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$60.00K	USD	Annual
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$1.09M	USD	Annual
Stock-based compensation	`ShareBasedCompensation`	$793.59K	USD	Annual
Stock-based compensation	`ShareBasedCompensation`	$1.09M	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-2.75M	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$1.53M	USD	Annual
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$144.51K	USD	Annual
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-542.26K	USD	Annual
Security deposits and other assets	`IncreaseDecreaseInSecurityDepositsAndOtherAssets`	$-256.55K	USD	Annual
Security deposits and other assets	`IncreaseDecreaseInSecurityDepositsAndOtherAssets`	$-46.92K	USD	Annual
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-2.92M	USD	Annual
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$1.52M	USD	Annual
Deferred revenue and other liabilities	`IncreaseDecreaseInContractWithCustomerLiabilityAndOtherLiability`	$-239.62K	USD	Annual
Deferred revenue and other liabilities	`IncreaseDecreaseInContractWithCustomerLiabilityAndOtherLiability`	$-45.66K	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$2.97M	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$2.28M	USD	Annual
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$145.01K	USD	Annual
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$43.51K	USD	Annual
Purchase of capitalized software development	`PaymentsToAcquireIntangibleAssets`	$196.46K	USD	Annual
Purchase of capitalized software development	`PaymentsToAcquireIntangibleAssets`	$156.32K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-239.97K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-301.33K	USD	Annual
Proceeds from credit facilities	`ProceedsFromLinesOfCredit`	$100.48M	USD	Annual
Proceeds from credit facilities	`ProceedsFromLinesOfCredit`	$99.40M	USD	Annual
Repayments of credit facilities	`RepaymentsOfLinesOfCredit`	$102.14M	USD	Annual
Repayments of credit facilities	`RepaymentsOfLinesOfCredit`	$100.16M	USD	Annual
Proceeds from shares issued for Employee Stock Purchase Plan	`ProceedsFromSharesIssuedForEmployeeStockPurchasePlan`	$40.38K	USD	Annual
Proceeds from shares issued for Employee Stock Purchase Plan	`ProceedsFromSharesIssuedForEmployeeStockPurchasePlan`	$70.67K	USD	Annual
Repayments of capital lease obligations	`RepaymentsOfDebtAndCapitalLeaseObligations`	$2.60K	USD	Annual
Repayments of capital lease obligations	`RepaymentsOfDebtAndCapitalLeaseObligations`	$39.07K	USD	Annual
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-685.74K	USD	Annual
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-1.66M	USD	Annual
Net increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$1.07M	USD	Annual
Net increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$1.29M	USD	Annual
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$1.06M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$2.12M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$3.41M	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`	$2.12M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$3.41M	USD	Point-in-time

Stockholders Equity 12 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance	`StockholdersEquity`	$60.54M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$61.64M	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`	$1.09M	USD	Annual
Shares issued for Employee Stock Purchase Plan options, Value	`StockIssuedDuringPeriodValueEmployeeStockPurchasePlan`	$70.67K	USD	Annual
Shares issued for Employee Stock Purchase Plan options, Value	`StockIssuedDuringPeriodValueEmployeeStockPurchasePlan`	$40.38K	USD	Annual
Net loss	`NetIncomeLoss`	$-55.24K	USD	Annual
Net loss	`NetIncomeLoss`	$-2.44M	USD	Annual
Ending Balance	`StockholdersEquity`	$60.54M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$61.64M	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.