$QRHC
Quest Resource Holding Corp

2019 Q1 Form 10-Q Financial Statement

#000156459019019401 Filed on May 15, 2019

View on sec.gov

Income Statement

Concept 2019 Q1 2018 Q1
Revenue $26.65M $24.70M
YoY Change 7.91% -41.95%
Cost Of Revenue $22.11M $21.15M
YoY Change 4.53% -44.86%
Gross Profit $4.543M $3.548M
YoY Change 28.05% -15.24%
Gross Profit Margin 17.05% 14.37%
Selling, General & Admin $4.214M $3.752M
YoY Change 12.33% -24.66%
% of Gross Profit 92.77% 105.75%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $67.52K $103.3K
YoY Change -34.65% -90.16%
% of Gross Profit 1.49% 2.91%
Operating Expenses $4.540M $4.736M
YoY Change -4.15% -20.8%
Operating Profit $2.828K -$1.189M
YoY Change -100.24% -33.76%
Interest Expense $111.8K $124.0K
YoY Change -9.83% -212.73%
% of Operating Profit 3953.71%
Other Income/Expense, Net
YoY Change
Pretax Income -$109.0K -$1.310M
YoY Change -91.68% -31.41%
Income Tax $54.77K $0.00
% Of Pretax Income
Net Earnings -$163.8K -$1.313M
YoY Change -87.52% -31.28%
Net Earnings / Revenue -0.61% -5.31%
Basic Earnings Per Share -$0.01
Diluted Earnings Per Share -$0.01 -$85.62K
COMMON SHARES
Basic Shares Outstanding 15.33M
Diluted Shares Outstanding 15.33M

Balance Sheet

Concept 2019 Q1 2018 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.100M $1.100M
YoY Change 90.91% -47.62%
Cash & Equivalents $2.065M $1.084M
Short-Term Investments
Other Short-Term Assets $1.100M $1.500M
YoY Change -26.67% -31.82%
Inventory
Prepaid Expenses
Receivables $17.70M $17.20M
Other Receivables $0.00 $0.00
Total Short-Term Assets $20.90M $19.80M
YoY Change 5.56% -46.63%
LONG-TERM ASSETS
Property, Plant & Equipment $547.0K $1.300M
YoY Change -57.92% 4.37%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $63.50M $63.60M
YoY Change -0.16% -6.61%
TOTAL ASSETS
Total Short-Term Assets $20.90M $19.80M
Total Long-Term Assets $63.50M $63.60M
Total Assets $84.40M $83.40M
YoY Change 1.2% -20.72%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $14.39M $15.83M
YoY Change -9.08% -45.44%
Accrued Expenses $2.100M $900.0K
YoY Change 133.33% -50.0%
Deferred Revenue $50.27K $142.4K
YoY Change -64.7%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00
YoY Change -100.0%
Total Short-Term Liabilities $17.10M $17.20M
YoY Change -0.58% -45.4%
LONG-TERM LIABILITIES
Long-Term Debt $5.200M $5.100M
YoY Change 1.96% -37.04%
Other Long-Term Liabilities $1.600M
YoY Change
Total Long-Term Liabilities $6.800M $5.100M
YoY Change 33.33% -37.04%
TOTAL LIABILITIES
Total Short-Term Liabilities $17.10M $17.20M
Total Long-Term Liabilities $6.800M $5.100M
Total Liabilities $23.90M $22.30M
YoY Change 7.17% -43.83%
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 $60.58M $61.06M
YoY Change
Total Liabilities & Shareholders Equity $84.40M $83.40M
YoY Change 1.2% -20.72%

Cashflow Statement

Concept 2019 Q1 2018 Q1
OPERATING ACTIVITIES
Net Income -$163.8K -$1.313M
YoY Change -87.52% -31.28%
Depreciation, Depletion And Amortization $67.52K $103.3K
YoY Change -34.65% -90.16%
Cash From Operating Activities $45.84K $1.788M
YoY Change -97.44% -184.32%
INVESTING ACTIVITIES
Capital Expenditures -$40.00K $9.367K
YoY Change -527.03% -53.05%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$41.25K -$60.29K
YoY Change -31.59% -45.19%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -61.43K -1.699M
YoY Change -96.38% -156.07%
NET CHANGE
Cash From Operating Activities 45.84K 1.788M
Cash From Investing Activities -41.25K -60.29K
Cash From Financing Activities -61.43K -1.699M
Net Change In Cash -56.84K 28.29K
YoY Change -300.87% -96.46%
FREE CASH FLOW
Cash From Operating Activities $45.84K $1.788M
Capital Expenditures -$40.00K $9.367K
Free Cash Flow $85.84K $1.778M
YoY Change -95.17% -183.1%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2019Q1 dei Entity Small Business
EntitySmallBusiness
true
CY2019Q1 dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
false
CY2019Q2 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
15328870
CY2018Q4 us-gaap Assets Current
AssetsCurrent
19799861
CY2018Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
2122297
CY2018Q4 us-gaap Goodwill
Goodwill
58208490
CY2018Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
16711809
CY2018Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
2610921
CY2018Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
965755
CY2018Q4 qrhc Property Plant And Equipment Net Including Deposits Assets Noncurrent
PropertyPlantAndEquipmentNetIncludingDepositsAssetsNoncurrent
968025
CY2018Q4 us-gaap Assets
Assets
81587297
CY2018Q4 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
15777921
CY2018Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
CY2018Q4 us-gaap Long Term Line Of Credit
LongTermLineOfCredit
5194588
CY2018Q4 us-gaap Liabilities
Liabilities
21044579
CY2018Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
353
CY2019Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
26649041
CY2018Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
24695923
CY2019Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
204031
CY2018Q1 us-gaap Depreciation
Depreciation
103310
CY2018Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
926567
CY2019Q1 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
22106196
CY2018Q1 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
21148096
CY2019Q1 us-gaap Gross Profit
GrossProfit
4542845
CY2018Q1 us-gaap Gross Profit
GrossProfit
3547827
CY2019Q1 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
4214230
CY2018Q1 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
3751760
CY2019Q1 us-gaap Depreciation And Amortization
DepreciationAndAmortization
325787
CY2018Q1 us-gaap Depreciation And Amortization
DepreciationAndAmortization
984581
CY2019Q1 us-gaap Operating Expenses
OperatingExpenses
4540017
CY2018Q1 us-gaap Operating Expenses
OperatingExpenses
4736341
CY2019Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
2828
CY2018Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
-1188514
CY2019Q1 us-gaap Interest Expense
InterestExpense
111811
CY2018Q1 us-gaap Interest Expense
InterestExpense
124005
CY2019Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
54769
CY2018Q1 us-gaap Net Income Loss
NetIncomeLoss
-1312519
CY2018Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-1312519
CY2018Q1 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.09
CY2019Q1 us-gaap Depreciation
Depreciation
67516
CY2019Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
291769
CY2019Q1 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
23475
CY2019Q1 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
60000
CY2019Q1 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
41248
CY2018Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
9367
CY2018Q1 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
50925
CY2019Q1 us-gaap Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
25526171
CY2018Q1 us-gaap Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
21936963
CY2019Q1 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
25586575
CY2018Q1 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
23622978
CY2018Q1 us-gaap Repayments Of Debt And Capital Lease Obligations
RepaymentsOfDebtAndCapitalLeaseObligations
12962
CY2018Q1 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
28294
CY2019Q1 us-gaap Deposits Assets Noncurrent
DepositsAssetsNoncurrent
366239
CY2018Q1 qrhc Number Of Customers Accounted For More Than Ten Percentage Of Revenue
NumberOfCustomersAccountedForMoreThanTenPercentageOfRevenue
3
CY2019Q1 us-gaap Concentration Risk Percentage1
ConcentrationRiskPercentage1
0.597
CY2018Q4 us-gaap Preferred Stock Value
PreferredStockValue
CY2018Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
81587297
CY2018Q4 us-gaap Common Stock Value
CommonStockValue
15329
CY2018Q4 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
159701542
CY2018Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-99174153
CY2018Q4 us-gaap Stockholders Equity
StockholdersEquity
60542718
CY2018Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
929399
CY2019Q1 us-gaap Repayments Of Debt And Capital Lease Obligations
RepaymentsOfDebtAndCapitalLeaseObligations
1027
CY2019Q1 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-56835
CY2018Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
3497424
CY2018Q4 us-gaap Deposits Assets Noncurrent
DepositsAssetsNoncurrent
353507
CY2019Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
2591217
CY2018Q1 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
15302455
CY2018Q1 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
23475
CY2019Q1 qrhc Increase Decrease In Contract With Customer Liability And Other Liability
IncreaseDecreaseInContractWithCustomerLiabilityAndOtherLiability
-19205
CY2018Q1 qrhc Increase Decrease In Contract With Customer Liability And Other Liability
IncreaseDecreaseInContractWithCustomerLiabilityAndOtherLiability
-166700
CY2019Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
45844
CY2018Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
1787563
CY2019Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-41248
CY2018Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-60292
CY2019Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-61431
CY2018Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-1698977
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
2122297
CY2017Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
1055281
CY2019Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
2065462
CY2018Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
1083575
CY2018Q1 qrhc Proceeds From Sale Of Goodwill And Intangible Assets Noncash Or Partial Noncash Transaction
ProceedsFromSaleOfGoodwillAndIntangibleAssetsNoncashOrPartialNoncashTransaction
246585
CY2018Q1 qrhc Investment In Related Party Noncash Or Partial Noncash Transaction
InvestmentInRelatedPartyNoncashOrPartialNoncashTransaction
-246585
CY2019Q1 us-gaap Nature Of Operations
NatureOfOperations
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">1. The Company and Description of Business </p> <p style="margin-bottom:0pt;margin-top:6pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The accompanying condensed consolidated financial statements include the accounts of Quest Resource Holding Corporation (&#8220;QRHC&#8221;) and its subsidiaries, Quest Resource Management Group, LLC (&#8220;Quest&#8221;), Landfill Diversion Innovations, LLC (&#8220;LDI&#8221;), Youchange, Inc. (&#8220;Youchange&#8221;), Quest Vertigent Corporation (&#8220;QVC&#8221;), Quest Vertigent One, LLC (&#8220;QV One&#8221;), and Quest Sustainability Services, Inc. (&#8220;QSS&#8221;) (collectively, &#8220;we,&#8221; &#8220;us,&#8221; &#8220;our,&#8221; or &#8220;our company&#8221;).&nbsp;&nbsp;</p> <p style="margin-bottom:0pt;margin-top:6pt;text-indent:0%;font-style:italic;font-size:10pt;font-family:Times New Roman;font-weight:normal;text-transform:none;font-variant: normal;">Operations &#8211;<font style="font-style:normal;"> We are a national provider of reuse, recycling, and disposal services that enable our customers to achieve and satisfy their environmental and sustainability goals and responsibilities.&nbsp;&nbsp;We provide businesses across multiple industry sectors with single source solutions for the reuse, recycling, and disposal of a wide variety of waste streams and recyclables generated by their operations.</font></p>
CY2019Q1 qrhc Equipment Lease Expire Year
EquipmentLeaseExpireYear
2020
CY2019Q1 us-gaap Capital Leases Future Minimum Payments Receivable
CapitalLeasesFutureMinimumPaymentsReceivable
150000
CY2019Q1 us-gaap Operating Lease Right Of Use Asset Statement Of Financial Position Extensible List
OperatingLeaseRightOfUseAssetStatementOfFinancialPositionExtensibleList
qrhc:PropertyAndEquipmentNetAndOtherAssetsMember
CY2019Q1 us-gaap Operating Lease Liability Current Statement Of Financial Position Extensible List
OperatingLeaseLiabilityCurrentStatementOfFinancialPositionExtensibleList
us-gaap:AccountsPayableAndAccruedLiabilitiesMember
CY2019Q1 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
1608946
CY2019Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
3921048
CY2019Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
547002
CY2018Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
614518
CY2019Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
2009904
CY2019Q1 qrhc Property Plant And Equipment Net And Other Assets Noncurrent
PropertyPlantAndEquipmentNetAndOtherAssetsNoncurrent
2923145
CY2018Q4 qrhc Property Plant And Equipment Net And Other Assets Noncurrent
PropertyPlantAndEquipmentNetAndOtherAssetsNoncurrent
968025
CY2018Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
2523700
CY2019Q1 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
21468460
CY2019Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
19108060
CY2018Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
21427212
CY2018Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
18816291
CY2019Q1 us-gaap Indefinitelived Intangible Assets Acquired
IndefinitelivedIntangibleAssetsAcquired
0
CY2018Q3 us-gaap Goodwill And Intangible Asset Impairment
GoodwillAndIntangibleAssetImpairment
0
CY2019Q1 us-gaap Accounts Payable Current
AccountsPayableCurrent
14389961
CY2018Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
14025221
CY2019Q1 us-gaap Taxes Payable Current
TaxesPayableCurrent
639570
CY2018Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
548126
CY2019Q1 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
868253
CY2018Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
910796
CY2019Q1 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
594642
CY2019Q1 us-gaap Other Accounts Payable And Accrued Liabilities
OtherAccountsPayableAndAccruedLiabilities
543697
CY2018Q4 us-gaap Other Accounts Payable And Accrued Liabilities
OtherAccountsPayableAndAccruedLiabilities
293778
CY2019Q1 us-gaap Operating Lease Liability Noncurrent Statement Of Financial Position Extensible List
OperatingLeaseLiabilityNoncurrentStatementOfFinancialPositionExtensibleList
us-gaap:OtherNoncurrentLiabilitiesMember
CY2019Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
2203588
CY2019Q1 us-gaap Operating Lease Expense
OperatingLeaseExpense
150000
CY2019Q1 qrhc Operating Lease Minimum Annual Incentive Payment
OperatingLeaseMinimumAnnualIncentivePayment
63000
CY2019Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P3Y6M
CY2019Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.02456
CY2019Q1 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
476190
CY2019Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
664200
CY2019Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
664200
CY2019Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
498150
CY2019Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
2302740
CY2019Q1 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
99152
CY2019Q1 qrhc Number Of Customers Accounted For More Than Ten Percentage Of Revenue
NumberOfCustomersAccountedForMoreThanTenPercentageOfRevenue
3
CY2018Q1 us-gaap Concentration Risk Percentage1
ConcentrationRiskPercentage1
0.484
CY2019Q1 us-gaap Capitalized Contract Cost Net
CapitalizedContractCostNet
165000
CY2018Q1 us-gaap Capitalized Contract Cost Net
CapitalizedContractCostNet
7448
CY2019Q1 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
50268
CY2018Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
69473
CY2019Q1 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.27
CY2019Q1 us-gaap Operating Loss Carryforwards
OperatingLossCarryforwards
0
CY2019Q1 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
12195000
CY2018Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
12202000
CY2019Q1 us-gaap Deferred Tax Assets Operating Loss Carryforwards Domestic
DeferredTaxAssetsOperatingLossCarryforwardsDomestic
18900000
CY2018Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards Domestic
DeferredTaxAssetsOperatingLossCarryforwardsDomestic
18900000
CY2019Q1 qrhc Net Operating Loss Carryforwards Expiration Beginning Year
NetOperatingLossCarryforwardsExpirationBeginningYear
2031
CY2019Q1 qrhc Net Operating Loss Carryforwards Expiration Ending Year
NetOperatingLossCarryforwardsExpirationEndingYear
2037
CY2019Q1 qrhc Employee Stock Purchase Plan Expense
EmployeeStockPurchasePlanExpense
6557
CY2018Q1 qrhc Employee Stock Purchase Plan Expense
EmployeeStockPurchasePlanExpense
2044
CY2019Q1 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
1733565
CY2019Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
197474
CY2018Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
222079
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
1773066
CY2019Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
439000
CY2019Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
24583
CY2019Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
2187483
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
7.02
CY2019Q1 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
1.51
CY2019Q1 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
2.37
CY2019Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
5.96
CY2019Q1 us-gaap Sale Of Stock Description Of Transaction
SaleOfStockDescriptionOfTransaction
The offering and private transaction, together the “Transactions”, closed on April 11, 2019.

Files In Submission

Name View Source Status
0001564590-19-019401-index-headers.html Edgar Link pending
0001564590-19-019401-index.html Edgar Link pending
0001564590-19-019401.txt Edgar Link pending
0001564590-19-019401-xbrl.zip Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
qrhc-10q_20190331.htm Edgar Link pending
qrhc-20190331.xml Edgar Link completed
qrhc-20190331.xsd Edgar Link pending
qrhc-20190331_cal.xml Edgar Link unprocessable
qrhc-20190331_def.xml Edgar Link unprocessable
qrhc-20190331_lab.xml Edgar Link unprocessable
qrhc-20190331_pre.xml Edgar Link unprocessable
qrhc-ex311_7.htm Edgar Link pending
qrhc-ex312_9.htm Edgar Link pending
qrhc-ex321_8.htm Edgar Link pending
qrhc-ex322_6.htm Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending