$QRHC
Quest Resource Holding Corp

2013 Q2 Form 10-Q Financial Statement

#000119312513222446 Filed on May 15, 2013

View on sec.gov

Income Statement

Concept 2013 Q2 2013 Q1 2012 Q1
Revenue $402.0K $313.5K $217.8K
YoY Change 69.92% 43.95%
Cost Of Revenue $108.6K $39.69K $0.00
YoY Change 986.28%
Gross Profit $293.4K $273.8K $217.8K
YoY Change 24.01% 25.73%
Gross Profit Margin 72.98% 87.34% 100.0%
Selling, General & Admin $2.399M $2.259M $1.620M
YoY Change 50.27% 39.44% 1146.07%
% of Gross Profit 817.6% 824.99% 743.85%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $14.81K $14.98K $24.04K
YoY Change -30.25% -37.7%
% of Gross Profit 5.05% 5.47% 11.04%
Operating Expenses $2.414M $2.274M $1.644M
YoY Change 49.22% 38.28% 1164.88%
Operating Profit -$2.120M -$2.000M -$1.427M
YoY Change 53.54% 40.2% 997.36%
Interest Expense $292.2K $308.4K $130.7K
YoY Change 19.74% 135.98% -753.48%
% of Operating Profit
Other Income/Expense, Net $292.2K $1.773M $2.187M
YoY Change 33.76% -18.89%
Pretax Income -$2.309M -$3.298M -$3.009M
YoY Change 114.29% 9.61% 1905.71%
Income Tax $0.00 -$347.2K
% Of Pretax Income
Net Earnings -$2.309M -$3.298M -$2.661M
YoY Change 218.56% 23.91% 1674.24%
Net Earnings / Revenue -574.41% -1051.9% -1222.09%
Basic Earnings Per Share -$0.04 -$0.06 -$0.06
Diluted Earnings Per Share -$0.04 -$0.06 -$0.06
COMMON SHARES
Basic Shares Outstanding 65.38M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2013 Q2 2013 Q1 2012 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $200.0K $300.0K $0.00
YoY Change 100.0% -100.0%
Cash & Equivalents $192.5K $314.1K $847.2K
Short-Term Investments
Other Short-Term Assets $0.00 $0.00 $100.0K
YoY Change -100.0%
Inventory $3.405K $2.910K $0.00
Prepaid Expenses
Receivables $165.6K $114.8K
Other Receivables $0.00 $0.00
Total Short-Term Assets $391.8K $479.0K $200.0K
YoY Change 291.79% 139.48% 0.0%
LONG-TERM ASSETS
Property, Plant & Equipment $133.4K $145.8K $0.00
YoY Change
Goodwill
YoY Change
Intangibles $128.8K $128.8K
YoY Change
Long-Term Investments $3.800M $4.200M
YoY Change
Other Assets $0.00 $0.00 $100.0K
YoY Change -100.0% 0.0%
Total Long-Term Assets $4.228M $4.646M $200.0K
YoY Change 2223.05% -33.33%
TOTAL ASSETS
Total Short-Term Assets $391.8K $479.0K $200.0K
Total Long-Term Assets $4.228M $4.646M $200.0K
Total Assets $4.619M $5.125M $400.0K
YoY Change 4519.45% 1181.26% -20.0%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $457.8K $355.2K $100.0K
YoY Change 357.8% 255.17% 0.0%
Accrued Expenses $881.7K $702.1K $0.00
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $100.0K $200.0K
YoY Change -100.0% -50.0% 100.0%
Long-Term Debt Due $0.00 $100.0K
YoY Change
Total Short-Term Liabilities $1.694M $1.440M $300.0K
YoY Change 464.62% 379.97% 50.0%
LONG-TERM LIABILITIES
Long-Term Debt $1.100M $900.0K $100.0K
YoY Change 1000.0% 800.0% 0.0%
Other Long-Term Liabilities $0.00 $0.00
YoY Change
Total Long-Term Liabilities $1.100M $900.0K $100.0K
YoY Change 1000.0% 800.0% 0.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.694M $1.440M $300.0K
Total Long-Term Liabilities $1.100M $900.0K $100.0K
Total Liabilities $2.801M $2.339M $300.0K
YoY Change 833.59% 679.53% 0.0%
SHAREHOLDERS EQUITY
Retained Earnings -$53.33M -$51.02M
YoY Change
Common Stock $65.43K $65.34K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.819M $2.786M $100.0K
YoY Change
Total Liabilities & Shareholders Equity $4.619M $5.125M $400.0K
YoY Change 4519.45% 1181.26% -20.0%

Cashflow Statement

Concept 2013 Q2 2013 Q1 2012 Q1
OPERATING ACTIVITIES
Net Income -$2.309M -$3.298M -$2.661M
YoY Change 218.56% 23.91% 1674.24%
Depreciation, Depletion And Amortization $14.81K $14.98K $24.04K
YoY Change -30.25% -37.7%
Cash From Operating Activities -$1.100M -$949.3K -$891.9K
YoY Change 323.08% 6.43% 891.05%
INVESTING ACTIVITIES
Capital Expenditures -$10.00K $4.114K $11.37K
YoY Change -120.0% -63.83% -156.87%
Acquisitions
YoY Change
Other Investing Activities $500.0K $300.0K $0.00
YoY Change
Cash From Investing Activities $490.0K $295.9K -$11.27K
YoY Change 880.0% -2724.5% -43.63%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 480.0K 481.8K 476.4K
YoY Change 92.0% 1.12% 70.15%
NET CHANGE
Cash From Operating Activities -1.100M -949.3K -891.9K
Cash From Investing Activities 490.0K 295.9K -11.27K
Cash From Financing Activities 480.0K 481.8K 476.4K
Net Change In Cash -130.0K -171.6K -426.8K
YoY Change -425.0% -59.79% -351.05%
FREE CASH FLOW
Cash From Operating Activities -$1.100M -$949.3K -$891.9K
Capital Expenditures -$10.00K $4.114K $11.37K
Free Cash Flow -$1.090M -$953.4K -$903.3K
YoY Change 251.61% 5.54% 1190.46%

Facts In Submission

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CY2013Q1 dei Trading Symbol
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CY2013Q1 dei Entity Registrant Name
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Infinity Resources Holdings Corp.
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(i) amend all references to common stock, options, warrants, warrant shares, or convertible securities of Earth911 in the original note documents and the Allonge documents to common stock, options, warrants, warrant shares, or convertible securities, respectively, of Infinity, and (ii) expand all references to a “Triggering Event” in the original note documents and the Allonge documents to include any exchanges on which the Infinity Common Stock may be listed or quoted for trading. The parties also (i) amended how the fair market value of the Infinity common stock, on the date of exercise, would be defined in a formula used to calculate the net number of shares that Stockbridge would receive upon a cashless exercise, (ii) extended the maturity date of the Convertible Note to October 1, 2015, (iii) revised the terms of Warrant 1-5 to apply the conversion rate from the merger to the number of shares of Infinity Common Stock underlying Warrant 1-5 and the exercise price at which such shares would be issued upon the exercise date, and (iv) amended the exercisable dates of the contingent Warrant 1-2, the contingent Warrant 1-3, and the contingent Warrant 1-4 to be exercisable 42 months, 45 months, and 48 months, respectively, following the issuance date of the contingent warrants. Finally, Stockbridge retroactively agreed to waive its right to effect a partial conversion of the Convertible Note, with such waiver to be effective for a period of 12 months from October 17, 2012.
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CY2012Q1 us-gaap Depreciation
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CY2012Q1 irhc Valuation Expense Related To Common Stock Warrants
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IncreaseDecreaseInSecurityDepositsAndOtherAssets
3463

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