$QRHC
Quest Resource Holding Corp

2014 Q1 Form 10-K Financial Statement

#000119312514123892 Filed on March 31, 2014

View on sec.gov

Income Statement

Concept 2014 Q1 2013 Q4 2013
Revenue $38.16M $37.89M $67.50M
YoY Change 12072.69% 3508.57% 5792.31%
Cost Of Revenue $34.83M $36.05M $62.43M
YoY Change 87642.51% 180150.0% 173217.43%
Gross Profit $3.332M $1.840M $5.074M
YoY Change 1117.12% 78.64% 357.26%
Gross Profit Margin 8.73% 4.86% 7.52%
Selling, General & Admin $2.994M $2.990M $12.66M
YoY Change 32.54% -42.5% 84.86%
% of Gross Profit 89.84% 162.5% 249.53%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $69.57K $940.0K $209.4K
YoY Change 364.4% 1242.86% 205.32%
% of Gross Profit 2.09% 51.09% 4.13%
Operating Expenses $3.945M $3.930M $17.88M
YoY Change 73.52% -82.68% -27.18%
Operating Profit -$613.0K -$2.090M -$12.81M
YoY Change -69.35% -90.35% -45.38%
Interest Expense $875.5K $22.58M $4.196M
YoY Change 183.86% 2113.73% 320.92%
% of Operating Profit
Other Income/Expense, Net $875.5K $0.00 $5.661M
YoY Change -50.63% -100.0% -71.31%
Pretax Income -$1.488M -$2.940M -$17.80M
YoY Change -54.86% -92.53% -56.81%
Income Tax $0.00 $0.00
% Of Pretax Income
Net Earnings -$1.488M -$2.940M -$17.80M
YoY Change -54.86% -92.71% -57.77%
Net Earnings / Revenue -3.9% -7.76% -26.37%
Basic Earnings Per Share
Diluted Earnings Per Share -$124.4K -$245.0K -$1.854M
COMMON SHARES
Basic Shares Outstanding 95.84M shares 95.81M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2014 Q1 2013 Q4 2013
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.100M $2.700M $2.700M
YoY Change 266.67% 440.0% 440.0%
Cash & Equivalents $1.082M $2.677M $2.700M
Short-Term Investments
Other Short-Term Assets $500.0K $400.0K $400.0K
YoY Change
Inventory $7.584K $3.251K $0.00
Prepaid Expenses
Receivables $21.59M $20.85M $20.80M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $23.23M $23.93M $23.90M
YoY Change 4749.89% 3308.71% 3314.29%
LONG-TERM ASSETS
Property, Plant & Equipment $582.6K $645.5K $700.0K
YoY Change 299.54% 311.96% 75.0%
Goodwill $58.34M $58.34M
YoY Change
Intangibles $16.83M $17.64M
YoY Change 12968.55% 13593.3%
Long-Term Investments $0.00
YoY Change -100.0%
Other Assets
YoY Change
Total Long-Term Assets $75.85M $76.72M $76.70M
YoY Change 1532.5% 1582.4% 1567.39%
TOTAL ASSETS
Total Short-Term Assets $23.23M $23.93M $23.90M
Total Long-Term Assets $75.85M $76.72M $76.70M
Total Assets $99.08M $100.6M $100.6M
YoY Change 1833.18% 1812.72% 1798.11%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $21.42M $23.59M $23.60M
YoY Change 5929.8% 7351.04% 7766.67%
Accrued Expenses $2.043M $2.674M $2.700M
YoY Change 190.96% 312.52% 350.0%
Deferred Revenue
YoY Change
Short-Term Debt $4.800M $2.800M $2.800M
YoY Change 4700.0% 2700.0% 2700.0%
Long-Term Debt Due $0.00 $0.00
YoY Change -100.0% -100.0%
Total Short-Term Liabilities $28.57M $29.29M $29.30M
YoY Change 1884.05% 2148.98% 2153.85%
LONG-TERM LIABILITIES
Long-Term Debt $17.80M $17.38M $17.40M
YoY Change 1877.78% 2382.3% 2385.71%
Other Long-Term Liabilities $33.07K $0.00
YoY Change -99.84% -100.0%
Total Long-Term Liabilities $17.80M $17.41M $17.40M
YoY Change 1877.78% -16.7% -16.75%
TOTAL LIABILITIES
Total Short-Term Liabilities $28.57M $29.29M $29.30M
Total Long-Term Liabilities $17.80M $17.41M $17.40M
Total Liabilities $46.39M $46.67M $46.70M
YoY Change 1883.75% 110.0% 110.36%
SHAREHOLDERS EQUITY
Retained Earnings -$67.01M -$65.53M
YoY Change 31.34% 37.29%
Common Stock $95.84K $119.5M
YoY Change 46.68% 205803.85%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $52.68M $53.98M $54.00M
YoY Change
Total Liabilities & Shareholders Equity $99.08M $100.6M $100.6M
YoY Change 1833.18% 1812.72% 1798.11%

Cashflow Statement

Concept 2014 Q1 2013 Q4 2013
OPERATING ACTIVITIES
Net Income -$1.488M -$2.940M -$17.80M
YoY Change -54.86% -92.71% -57.77%
Depreciation, Depletion And Amortization $69.57K $940.0K $209.4K
YoY Change 364.4% 1242.86% 205.32%
Cash From Operating Activities -$3.510M -$1.310M -$4.443M
YoY Change 269.76% -64.4% 16.32%
INVESTING ACTIVITIES
Capital Expenditures $6.698K -$50.00K $65.11K
YoY Change 62.81% 400.0% 341.1%
Acquisitions
YoY Change
Other Investing Activities $0.00 -$130.0K $5.220M
YoY Change -100.0% -118.57% 645.71%
Cash From Investing Activities -$80.00K -$170.0K $5.158M
YoY Change -127.04% -124.64% 652.83%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 2.000M 540.0K 1.477M
YoY Change 315.13% -75.89% -37.06%
NET CHANGE
Cash From Operating Activities -3.510M -1.310M -4.443M
Cash From Investing Activities -80.00K -170.0K 5.158M
Cash From Financing Activities 2.000M 540.0K 1.477M
Net Change In Cash -1.590M -940.0K 2.191M
YoY Change 826.56% 25.33% -377.98%
FREE CASH FLOW
Cash From Operating Activities -$3.510M -$1.310M -$4.443M
Capital Expenditures $6.698K -$50.00K $65.11K
Free Cash Flow -$3.517M -$1.260M -$4.509M
YoY Change 268.87% -65.67% 17.57%

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CY2013Q4 us-gaap Goodwill Gross
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CY2013Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Allowance For Doubtful Accounts
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47000
CY2013Q4 us-gaap Property Plant And Equipment Net
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645485
CY2013Q4 qrhc Number Of Customers Accounted For More Than Ten Percentage Of Revenue
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1 Person
CY2013Q4 qrhc Accrued Sales And Use Taxes Current
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484134
CY2013Q4 qrhc Warrants Outstanding
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CY2013Q4 qrhc Senior Secured Convertible Note
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4656934
CY2013Q4 qrhc Customers With Accounts Receivable Greater Than Ten Percent
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CY2013Q4 qrhc Convertible Notes Payable Including Unamortized Discounts Current
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25000
CY2013Q4 qrhc Senior Secured Convertible Note Related Party Net Discount
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4656934
CY2013Q4 qrhc Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
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CY2013Q1 qrhc Cashless Exercise Of Warrants With Exercise Price Of Per Share In Exchange For Shares Of Common Stock
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CY2013Q1 qrhc Number Of Shares Of Common Stock For Issuance
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CY2013Q3 us-gaap Business Acquisition Date Of Acquisition Agreement1
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2013-07-16
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22000000 shares
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0.50 pure
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CY2013Q3 qrhc Equity Ownership Interest In Wholly Owned Subsidiary Percentage
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1.00 pure
CY2013 dei Trading Symbol
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QRHC
CY2013 dei Entity Registrant Name
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Quest Resource Holding Corporation
CY2013 dei Entity Current Reporting Status
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Yes
CY2013 dei Amendment Flag
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false
CY2013 dei Entity Filer Category
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Smaller Reporting Company
CY2013 dei Document Fiscal Year Focus
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2013
CY2013 dei Document Type
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10-K
CY2013 dei Document Period End Date
DocumentPeriodEndDate
2013-12-31
CY2013 dei Entity Central Index Key
EntityCentralIndexKey
0001442236
CY2013 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
No
CY2013 dei Current Fiscal Year End Date
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--12-31
CY2013 dei Document Fiscal Period Focus
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FY
CY2013 dei Entity Voluntary Filers
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No
CY2013 us-gaap Stock Issued During Period Shares Issued For Services
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0.0151 pure
CY2013 us-gaap Common Stock Conversion Basis
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Common stock has traded at four times the $2.00 conversion price, as adjusted for any stock splits, reverse stock splits, or both.
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P8Y6M
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P5Y9M18D
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CY2013 us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Lower Range Limit
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CY2013 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div> <p style="MARGIN-BOTTOM: 0pt; WHITE-SPACE: normal; TEXT-TRANSFORM: none; WORD-SPACING: 0px; COLOR: rgb(0,0,0); FONT: 10pt 'Times New Roman'; MARGIN-TOP: 18pt; LETTER-SPACING: normal; TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px"> <font style="FONT-FAMILY: Times New Roman" size="2"><i><u>Concentrations</u></i></font></p> <p style="MARGIN-BOTTOM: 0pt; WHITE-SPACE: normal; TEXT-TRANSFORM: none; WORD-SPACING: 0px; COLOR: rgb(0,0,0); FONT: 10pt 'Times New Roman'; MARGIN-TOP: 6pt; LETTER-SPACING: normal; TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px"> <font style="FONT-FAMILY: Times New Roman" size="2">Financial instruments that potentially subject us to credit risk consist principally of cash, cash equivalents, and trade accounts receivable. We deposit our cash with commercial banks. Cash deposits at commercial banks are at risk to the extent that the balances exceed the Federal Deposit Insurance Corporation (&#x201C;FDIC&#x201D;) insured level per institution. Cash balances on deposit have exceeded federally insured limits; however, we have never experienced any losses related to these balances.</font></p> <p style="MARGIN-BOTTOM: 0pt; WHITE-SPACE: normal; TEXT-TRANSFORM: none; WORD-SPACING: 0px; COLOR: rgb(0,0,0); FONT: 10pt 'Times New Roman'; MARGIN-TOP: 12pt; LETTER-SPACING: normal; TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px"> <font style="FONT-FAMILY: Times New Roman" size="2">We sell our products and services primarily to consumers, advertisers, and businesses without requiring collateral; however, we routinely assess the financial condition of our customers and maintain allowances for anticipated losses. The following table discloses the number of customers that accounted for more than 10% of our annual revenue and related receivable balances:</font></p> <p style="MARGIN-BOTTOM: 0pt; WHITE-SPACE: normal; TEXT-TRANSFORM: none; WORD-SPACING: 0px; COLOR: rgb(0,0,0); FONT: 12pt 'Times New Roman'; MARGIN-TOP: 0pt; LETTER-SPACING: normal; TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px"> <font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;</font></p> <p style="MARGIN-BOTTOM: 0px; MARGIN-TOP: 0px"></p> <table style="FONT-SIZE: 8pt; FONT-FAMILY: 'Times New Roman'; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; WORD-SPACING: 0px; LETTER-SPACING: normal; TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px" cellspacing="0" cellpadding="0" width="84%" align="center" border="0"> <tr> <td width="58%"></td> <td valign="bottom" width="13%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="13%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="13%"></td> <td></td> <td></td> <td></td> </tr> <tr style="FONT-SIZE: 8pt; FONT-FAMILY: 'Times New Roman'"> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td style="BORDER-BOTTOM: rgb(0,0,0) 1pt solid" valign="bottom" colspan="10" align="center">Customers Exceeding 10%<br /> of Revenue</td> <td valign="bottom">&#xA0;</td> </tr> <tr style="FONT-SIZE: 8pt; FONT-FAMILY: 'Times New Roman'"> <td valign="bottom" nowrap="nowrap"> <p style="FONT-SIZE: 8pt; FONT-FAMILY: 'Times New Roman'; BORDER-BOTTOM: rgb(0,0,0) 1pt solid; WIDTH: 15.55pt"> Year</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td style="BORDER-BOTTOM: rgb(0,0,0) 1pt solid" valign="bottom" colspan="2" align="center">Number&#xA0;of<br /> Customers</td> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td style="BORDER-BOTTOM: rgb(0,0,0) 1pt solid" valign="bottom" colspan="2" align="center">Revenue<br /> Combined&#xA0;Percent</td> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;</td> <td style="BORDER-BOTTOM: rgb(0,0,0) 1pt solid" valign="bottom" colspan="2" align="center">Accounts&#xA0;Receivable<br /> Combined Percent</td> <td valign="bottom">&#xA0;</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'" bgcolor="#CCEEFF"> <td valign="top"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; MARGIN-LEFT: 1em; TEXT-INDENT: -1em"> 2013</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">1</td> <td valign="bottom" nowrap="nowrap">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">76</td> <td valign="bottom" nowrap="nowrap">%&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">31</td> <td valign="bottom" nowrap="nowrap">%&#xA0;</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'"> <td valign="top"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; MARGIN-LEFT: 1em; TEXT-INDENT: -1em"> 2012</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">1</td> <td valign="bottom" nowrap="nowrap">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">89</td> <td valign="bottom" nowrap="nowrap">%&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">71</td> <td valign="bottom" nowrap="nowrap">%&#xA0;</td> </tr> </table> <p style="MARGIN-BOTTOM: 0pt; WHITE-SPACE: normal; TEXT-TRANSFORM: none; WORD-SPACING: 0px; COLOR: rgb(0,0,0); FONT: 10pt 'Times New Roman'; MARGIN-TOP: 12pt; LETTER-SPACING: normal; TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px"> <font style="FONT-FAMILY: Times New Roman" size="2">We believe we have no significant credit risk in excess of recorded reserves.</font></p> </div>
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(i) amended how the fair market value of our 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 Earth911 to the number of shares of our 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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FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPurchasesSalesIssuancesSettlements
18742526
CY2012 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-43174979
CY2012 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
105932
CY2013 qrhc Gain On Acquisition Assets
GainOnAcquisitionAssets
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CY2013 qrhc Consecutive Trading Period Consider For Conversion Of Debt
ConsecutiveTradingPeriodConsiderForConversionOfDebt
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CY2013 qrhc Cashless Exercise Of Common Stock For Warrants Liability
CashlessExerciseOfCommonStockForWarrantsLiability
21698338
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0070 pure
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
1.55 pure
CY2012 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P9Y7M6D
CY2012 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P5Y4M24D
CY2012 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
56988497 shares
CY2012 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
2.10
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
2.10
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.0000 pure
CY2012 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-3820068
CY2012 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.74
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
1969000 shares
CY2012 us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Lower Range Limit
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeLowerRangeLimit
2.00
CY2012 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
17270346 shares
CY2012 us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Upper Range Limit
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeUpperRangeLimit
2.79
CY2012 us-gaap Revenues
Revenues
1145637
CY2012 us-gaap Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
249025
CY2012 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
17242526
CY2012 us-gaap Gross Profit
GrossProfit
1109616
CY2012 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-41210439
CY2012 us-gaap Repayments Of Debt And Capital Lease Obligations
RepaymentsOfDebtAndCapitalLeaseObligations
55795
CY2012 us-gaap Gains Losses On Sales Of Assets
GainsLossesOnSalesOfAssets
-406
CY2012 us-gaap Net Income Loss
NetIncomeLoss
-42151493
CY2012 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-123
CY2012 us-gaap Payment Of Financing And Stock Issuance Costs
PaymentOfFinancingAndStockIssuanceCosts
10500
CY2012 us-gaap Deferred Compensation Arrangement With Individual Fair Value Of Shares Issued
DeferredCompensationArrangementWithIndividualFairValueOfSharesIssued
260000
CY2012 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1661673
CY2012 us-gaap Interest Paid Capitalized
InterestPaidCapitalized
114266
CY2012 us-gaap Conversion Of Stock Amount Issued1
ConversionOfStockAmountIssued1
366025
CY2012 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
1964540
CY2012 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Gain Loss Included In Earnings
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings
1490812
CY2012 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
14760
CY2012 us-gaap Other Expenses
OtherExpenses
19730262
CY2012 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
754396
CY2012 us-gaap Proceeds From Divestiture Of Interest In Subsidiaries And Affiliates
ProceedsFromDivestitureOfInterestInSubsidiariesAndAffiliates
25269
CY2012 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
2346672
CY2012 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
2433000
CY2012 us-gaap Inventory Write Down
InventoryWriteDown
0
CY2012 us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
674497
CY2012 us-gaap Cost Of Goods Sold
CostOfGoodsSold
36021
CY2012 us-gaap Income Tax Reconciliation Tax Settlements Other
IncomeTaxReconciliationTaxSettlementsOther
10344000
CY2012 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
932700
CY2012 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
-77884
CY2012 us-gaap Share Based Compensation
ShareBasedCompensation
1904698
CY2012 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
7398
CY2012 us-gaap Depreciation And Amortization
DepreciationAndAmortization
68576
CY2012 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-788290
CY2012 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
293686
CY2012 us-gaap Interest Expense
InterestExpense
996924
CY2012 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
-123000
CY2012 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-26160
CY2012 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
416300
CY2012 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-11713000
CY2012 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
100
CY2012 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
685106
CY2012 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
17636569
CY2012 us-gaap Depreciation
Depreciation
68576
CY2012 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1661673
CY2012 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
287806
CY2012 us-gaap Proceeds From Repayments Of Notes Payable
ProceedsFromRepaymentsOfNotesPayable
-3333
CY2012 us-gaap Advertising Expense
AdvertisingExpense
108590
CY2012 us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
112145
CY2012 us-gaap Operating Expenses
OperatingExpenses
24554333
CY2012 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
6848782
CY2012 us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
2000000
CY2012 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
941054
CY2012 qrhc Common Stock Warrant Liability And Revaluations
CommonStockWarrantLiabilityAndRevaluations
20233338
CY2012 qrhc Increase Decrease In Security Deposits And Other Assets
IncreaseDecreaseInSecurityDepositsAndOtherAssets
3684
CY2012 qrhc Conversion Of Related Party Notes Value
ConversionOfRelatedPartyNotesValue
6389042
CY2012 qrhc Exercise Of Warrants For Common Stock Shares
ExerciseOfWarrantsForCommonStockShares
1381113 shares
CY2012 qrhc Note Conversion And Discounts Value
NoteConversionAndDiscountsValue
215066
CY2012 qrhc Stock Issued During Period Value Services Related To Financing Transaction
StockIssuedDuringPeriodValueServicesRelatedToFinancingTransaction
117000
CY2012 qrhc Non Cash Discount On Convertible Notes
NonCashDiscountOnConvertibleNotes
2000000
CY2012 qrhc Discount Senior Secured Convertible Note
DiscountSeniorSecuredConvertibleNote
500000
CY2012 qrhc Valuation Income Expense Related To Common Stock Warrants
ValuationIncomeExpenseRelatedToCommonStockWarrants
1490812
CY2012 qrhc Stock Issued During Period Value Rights Offering
StockIssuedDuringPeriodValueRightsOffering
414300
CY2012 qrhc Bad Debt Expenses Recoveries
BadDebtExpensesRecoveries
7398
CY2012 qrhc Conversion Of Common Stock From Deferred Stock Units Value
ConversionOfCommonStockFromDeferredStockUnitsValue
260000

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