$QRHC
Quest Resource Holding Corp

2017 Q3 Form 10-Q Financial Statement

#000156459017023770 Filed on November 14, 2017

View on sec.gov

Income Statement

Concept 2017 Q3 2016 Q3
Revenue $31.93M $46.16M
YoY Change -30.83% 5.94%
Cost Of Revenue $27.90M $42.56M
YoY Change -34.44% 6.27%
Gross Profit $4.030M $3.600M
YoY Change 11.94% 2.27%
Gross Profit Margin 12.62% 7.8%
Selling, General & Admin $3.980M $4.920M
YoY Change -19.11% 19.71%
% of Gross Profit 98.76% 136.67%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $110.6K $123.3K
YoY Change -10.3% 71.6%
% of Gross Profit 2.74% 3.42%
Operating Expenses $4.980M $5.940M
YoY Change -16.16% 16.47%
Operating Profit -$950.0K -$2.340M
YoY Change -59.4% 48.1%
Interest Expense -$130.0K -$60.00K
YoY Change 116.67% -14.29%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income -$1.080M -$2.400M
YoY Change -55.0% 45.45%
Income Tax $0.00
% Of Pretax Income
Net Earnings -$1.080M -$2.400M
YoY Change -55.0% 45.45%
Net Earnings / Revenue -3.38% -5.2%
Basic Earnings Per Share
Diluted Earnings Per Share -$70.68K -$161.6K
COMMON SHARES
Basic Shares Outstanding
Diluted Shares Outstanding

Balance Sheet

Concept 2017 Q3 2016 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.100M $1.900M
YoY Change -42.11% -62.75%
Cash & Equivalents $1.116M $1.900M
Short-Term Investments
Other Short-Term Assets $1.500M $3.100M
YoY Change -51.61% 138.46%
Inventory
Prepaid Expenses
Receivables $20.00M $32.20M
Other Receivables $0.00 $0.00
Total Short-Term Assets $22.60M $37.20M
YoY Change -39.25% 3.05%
LONG-TERM ASSETS
Property, Plant & Equipment $1.042M $1.438M
YoY Change -27.58% 14.79%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $65.90M $70.30M
YoY Change -6.26% -3.57%
TOTAL ASSETS
Total Short-Term Assets $22.60M $37.20M
Total Long-Term Assets $65.90M $70.30M
Total Assets $88.50M $107.5M
YoY Change -17.67% -1.38%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $16.22M $34.30M
YoY Change -52.71% 1.18%
Accrued Expenses $1.400M
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00 $100.0K
YoY Change -100.0% 0.0%
Total Short-Term Liabilities $18.10M $34.80M
YoY Change -47.99% 2.05%
LONG-TERM LIABILITIES
Long-Term Debt $6.800M $3.700M
YoY Change 83.78% 19.35%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $6.800M $3.700M
YoY Change 83.78% 19.35%
TOTAL LIABILITIES
Total Short-Term Liabilities $18.10M $34.80M
Total Long-Term Liabilities $6.800M $3.700M
Total Liabilities $24.90M $38.50M
YoY Change -35.32% 3.49%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $63.50M $69.10M
YoY Change
Total Liabilities & Shareholders Equity $88.50M $107.5M
YoY Change -17.67% -1.38%

Cashflow Statement

Concept 2017 Q3 2016 Q3
OPERATING ACTIVITIES
Net Income -$1.080M -$2.400M
YoY Change -55.0% 45.45%
Depreciation, Depletion And Amortization $110.6K $123.3K
YoY Change -10.3% 71.6%
Cash From Operating Activities -$760.0K $760.0K
YoY Change -200.0% -92.1%
INVESTING ACTIVITIES
Capital Expenditures -$50.00K -$130.0K
YoY Change -61.54% -84.52%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$50.00K -$130.0K
YoY Change -61.54% -84.52%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 530.0K -780.0K
YoY Change -167.95% -81.69%
NET CHANGE
Cash From Operating Activities -760.0K 760.0K
Cash From Investing Activities -50.00K -130.0K
Cash From Financing Activities 530.0K -780.0K
Net Change In Cash -280.0K -150.0K
YoY Change 86.67% -103.32%
FREE CASH FLOW
Cash From Operating Activities -$760.0K $760.0K
Capital Expenditures -$50.00K -$130.0K
Free Cash Flow -$710.0K $890.0K
YoY Change -179.78% -91.49%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2017Q3 us-gaap Cost Of Revenue
CostOfRevenue
27904006
CY2016Q3 us-gaap Cost Of Revenue
CostOfRevenue
42562397
CY2016Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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us-gaap Stock Issued1
StockIssued1
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CY2017Q2 qrhc Number Of Contracts Accounted For Management Fees
NumberOfContractsAccountedForManagementFees
1
us-gaap Management Fees Revenue
ManagementFeesRevenue
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us-gaap Management Fees Revenue
ManagementFeesRevenue
239723
CY2016Q3 us-gaap Management Fees Base Revenue
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us-gaap Management Fees Base Revenue
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us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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CY2017Q3 qrhc Inventories Waste Disposal Equipment
InventoriesWasteDisposalEquipment
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CY2016Q4 qrhc Inventories Waste Disposal Equipment
InventoriesWasteDisposalEquipment
12996
CY2017Q3 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
0
CY2016Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
0
CY2017Q3 us-gaap Property Plant And Equipment Net
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CY2016Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
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CY2017Q3 us-gaap Cost Of Services Depreciation
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CY2016Q3 us-gaap Cost Of Services Depreciation
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us-gaap Cost Of Services Depreciation
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CY2017Q3 us-gaap Deposits Assets Noncurrent
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CY2016Q4 us-gaap Deposits Assets Noncurrent
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CY2017Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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CY2017Q3 us-gaap Depreciation
Depreciation
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CY2016Q3 us-gaap Depreciation
Depreciation
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us-gaap Cost Of Services Depreciation
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CY2017Q3 us-gaap Capital Leases Balance Sheet Assets By Major Class Net
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CY2016Q4 us-gaap Capital Leases Balance Sheet Assets By Major Class Net
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CY2017Q3 us-gaap Capital Leases Lessee Balance Sheet Assets By Major Class Accumulated Deprecation
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CY2016Q4 us-gaap Capital Leases Lessee Balance Sheet Assets By Major Class Accumulated Deprecation
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CY2016Q4 us-gaap Finite Lived Intangible Assets Gross
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CY2016Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
12659812
qrhc Goodwill Useful Life Description
GoodwillUsefulLifeDescription
Indefinite
CY2017Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
935567
CY2016Q3 us-gaap Amortization Of Intangible Assets
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928431
us-gaap Indefinitelived Intangible Assets Acquired
IndefinitelivedIntangibleAssetsAcquired
0
CY2017Q2 us-gaap Goodwill And Intangible Asset Impairment
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CY2017Q3 us-gaap Accounts Payable Current
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CY2016Q4 us-gaap Accounts Payable Current
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CY2017Q3 us-gaap Taxes Payable Current
TaxesPayableCurrent
959743
CY2016Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
1272832
CY2017Q3 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
405326
CY2016Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
529945
CY2017Q3 us-gaap Other Accounts Payable And Accrued Liabilities
OtherAccountsPayableAndAccruedLiabilities
237106
CY2016Q4 us-gaap Other Accounts Payable And Accrued Liabilities
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CY2017Q3 us-gaap Capital Lease Obligations
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CY2016Q4 us-gaap Capital Lease Obligations
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CY2017Q3 us-gaap Capital Lease Obligations Current
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CY2016Q4 us-gaap Capital Lease Obligations Current
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CY2017Q3 us-gaap Capital Lease Obligations Noncurrent
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CY2016Q4 us-gaap Capital Lease Obligations Noncurrent
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CY2017Q3 us-gaap Interest Expense Lessee Assets Under Capital Lease
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CY2016Q3 us-gaap Interest Expense Lessee Assets Under Capital Lease
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us-gaap Interest Expense Lessee Assets Under Capital Lease
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us-gaap Interest Expense Lessee Assets Under Capital Lease
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CY2017Q3 us-gaap Deferred Tax Assets Valuation Allowance
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CY2016Q4 us-gaap Deferred Tax Assets Valuation Allowance
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CY2017Q3 us-gaap Deferred Tax Assets Operating Loss Carryforwards Domestic
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CY2016Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards Domestic
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qrhc Net Operating Loss Carryforwards Expiration Beginning Year
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CY2016Q4 us-gaap Class Of Warrant Or Right Number Of Securities Called By Warrants Or Rights
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qrhc Exercise Of Warrants For Common Stock Shares
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CY2017Q3 us-gaap Class Of Warrant Or Right Outstanding
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qrhc Employee Stock Purchase Plan Expense
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us-gaap Allocated Share Based Compensation Expense
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us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
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us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
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CY2017Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
8.62

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