2020 Q3 Form 10-Q Financial Statement
#000156459020054165 Filed on November 16, 2020
Income Statement
| Concept | 2020 Q3 | 2019 Q3 | 2019 Q2 |
|---|---|---|---|
| Revenue | $23.70M | $23.93M | $25.45M |
| YoY Change | -0.94% | -7.7% | -8.89% |
| Cost Of Revenue | $19.14M | $19.15M | $20.70M |
| YoY Change | -0.07% | -10.7% | -11.94% |
| Gross Profit | $4.560M | $4.771M | $4.750M |
| YoY Change | -4.43% | 6.73% | 7.27% |
| Gross Profit Margin | 19.24% | 19.94% | 18.67% |
| Selling, General & Admin | $4.290M | $4.221M | $4.227M |
| YoY Change | 1.63% | -9.0% | 8.96% |
| % of Gross Profit | 94.08% | 88.47% | 89.0% |
| Research & Development | |||
| YoY Change | |||
| % of Gross Profit | |||
| Depreciation & Amortization | $63.09K | $58.93K | $49.11K |
| YoY Change | 7.05% | -39.67% | -51.21% |
| % of Gross Profit | 1.38% | 1.24% | 1.03% |
| Operating Expenses | $4.440M | $4.551M | $4.554M |
| YoY Change | -2.44% | -9.8% | -6.31% |
| Operating Profit | $120.0K | $220.4K | $195.6K |
| YoY Change | -45.56% | -138.35% | -145.15% |
| Interest Expense | -$70.00K | $118.7K | $113.7K |
| YoY Change | -159.0% | 11.79% | 7.84% |
| % of Operating Profit | -58.33% | 53.83% | 58.14% |
| Other Income/Expense, Net | $150.0K | ||
| YoY Change | |||
| Pretax Income | $30.00K | $101.8K | $81.87K |
| YoY Change | -70.52% | -114.97% | -115.2% |
| Income Tax | $90.00K | $54.77K | $54.77K |
| % Of Pretax Income | 300.0% | 53.82% | 66.9% |
| Net Earnings | -$66.59K | $47.00K | $27.10K |
| YoY Change | -241.68% | -106.9% | -105.03% |
| Net Earnings / Revenue | -0.28% | 0.2% | 0.11% |
| Basic Earnings Per Share | -$0.02 | $0.00 | $0.00 |
| Diluted Earnings Per Share | -$0.02 | $0.00 | $0.00 |
| COMMON SHARES | |||
| Basic Shares Outstanding | 17.29M | 15.35M | 15.34M |
| Diluted Shares Outstanding | 17.29M | 15.40M | 15.36M |
Balance Sheet
| Concept | 2020 Q3 | 2019 Q3 | 2019 Q2 |
|---|---|---|---|
| SHORT-TERM ASSETS | |||
| Cash & Short-Term Investments | $6.400M | $2.100M | $2.100M |
| YoY Change | 204.76% | 110.0% | 90.91% |
| Cash & Equivalents | $6.427M | $2.069M | $2.088M |
| Short-Term Investments | |||
| Other Short-Term Assets | $1.300M | $1.200M | $1.400M |
| YoY Change | 8.33% | -14.29% | -22.22% |
| Inventory | |||
| Prepaid Expenses | |||
| Receivables | $15.20M | $14.24M | $15.89M |
| Other Receivables | $0.00 | $0.00 | $0.00 |
| Total Short-Term Assets | $22.90M | $17.54M | $19.35M |
| YoY Change | 30.52% | -10.48% | -6.5% |
| LONG-TERM ASSETS | |||
| Property, Plant & Equipment | $642.6K | $525.9K | $534.8K |
| YoY Change | 22.18% | -24.72% | -32.75% |
| Goodwill | $58.21M | $58.21M | |
| YoY Change | |||
| Intangibles | $1.853M | $2.125M | |
| YoY Change | |||
| Long-Term Investments | |||
| YoY Change | |||
| Other Assets | |||
| YoY Change | |||
| Total Long-Term Assets | $61.70M | $62.75M | $63.14M |
| YoY Change | -1.67% | 0.88% | 0.86% |
| TOTAL ASSETS | |||
| Total Short-Term Assets | $22.90M | $17.54M | $19.35M |
| Total Long-Term Assets | $61.70M | $62.75M | $63.14M |
| Total Assets | $84.60M | $80.29M | $82.49M |
| YoY Change | 5.36% | -1.84% | -0.97% |
| SHORT-TERM LIABILITIES | |||
| YoY Change | |||
| Accounts Payable | $10.60M | $10.99M | $12.90M |
| YoY Change | -3.51% | -26.03% | -18.89% |
| Accrued Expenses | $2.200M | $2.400M | $2.100M |
| YoY Change | -8.33% | 100.0% | 75.0% |
| Deferred Revenue | $16.57K | $15.52K | $22.42K |
| YoY Change | 6.79% | -82.56% | -80.08% |
| Short-Term Debt | $0.00 | $0.00 | $0.00 |
| YoY Change | |||
| Long-Term Debt Due | |||
| YoY Change | |||
| Total Short-Term Liabilities | $13.00M | $13.53M | $15.27M |
| YoY Change | -3.91% | -18.5% | -13.23% |
| LONG-TERM LIABILITIES | |||
| Long-Term Debt | $4.200M | $4.200M | $4.900M |
| YoY Change | 0.0% | -14.29% | 0.0% |
| Other Long-Term Liabilities | $700.0K | $1.295M | $1.452M |
| YoY Change | -45.95% | ||
| Total Long-Term Liabilities | $4.900M | $1.295M | $1.452M |
| YoY Change | 278.38% | -73.57% | -70.36% |
| TOTAL LIABILITIES | |||
| Total Short-Term Liabilities | $13.00M | $13.53M | $15.27M |
| Total Long-Term Liabilities | $4.900M | $1.295M | $1.452M |
| Total Liabilities | $17.90M | $19.05M | $21.59M |
| YoY Change | -6.05% | -11.38% | -4.07% |
| SHAREHOLDERS EQUITY | |||
| Retained Earnings | -$99.26M | -$99.31M | |
| YoY Change | |||
| Common Stock | $160.5M | $160.2M | |
| YoY Change | |||
| Preferred Stock | |||
| YoY Change | |||
| Treasury Stock (at cost) | |||
| YoY Change | |||
| Treasury Stock Shares | |||
| Shareholders Equity | $66.73M | $61.24M | $60.91M |
| YoY Change | |||
| Total Liabilities & Shareholders Equity | $84.60M | $80.29M | $82.49M |
| YoY Change | 5.36% | -1.84% | -0.97% |
Cashflow Statement
| Concept | 2020 Q3 | 2019 Q3 | 2019 Q2 |
|---|---|---|---|
| OPERATING ACTIVITIES | |||
| Net Income | -$66.59K | $47.00K | $27.10K |
| YoY Change | -241.68% | -106.9% | -105.03% |
| Depreciation, Depletion And Amortization | $63.09K | $58.93K | $49.11K |
| YoY Change | 7.05% | -39.67% | -51.21% |
| Cash From Operating Activities | -$690.0K | $720.0K | $400.0K |
| YoY Change | -195.83% | 1700.0% | 42.86% |
| INVESTING ACTIVITIES | |||
| Capital Expenditures | -$80.00K | -$70.00K | -$100.0K |
| YoY Change | 14.29% | 40.0% | 11.11% |
| Acquisitions | |||
| YoY Change | |||
| Other Investing Activities | |||
| YoY Change | |||
| Cash From Investing Activities | -$80.00K | -$70.00K | -$100.0K |
| YoY Change | 14.29% | 40.0% | 11.11% |
| FINANCING ACTIVITIES | |||
| Cash Dividend Paid | |||
| YoY Change | |||
| Common Stock Issuance & Retirement, Net | |||
| YoY Change | |||
| Debt Paid & Issued, Net | |||
| YoY Change | |||
| Cash From Financing Activities | 3.230M | -660.0K | -290.0K |
| YoY Change | -589.39% | 2100.0% | 52.63% |
| NET CHANGE | |||
| Cash From Operating Activities | -690.0K | 720.0K | 400.0K |
| Cash From Investing Activities | -80.00K | -70.00K | -100.0K |
| Cash From Financing Activities | 3.230M | -660.0K | -290.0K |
| Net Change In Cash | 2.460M | -10.00K | 10.00K |
| YoY Change | -24700.0% | -75.0% | -11453246122666760.0% |
| FREE CASH FLOW | |||
| Cash From Operating Activities | -$690.0K | $720.0K | $400.0K |
| Capital Expenditures | -$80.00K | -$70.00K | -$100.0K |
| Free Cash Flow | -$610.0K | $790.0K | $500.0K |
| YoY Change | -177.22% | 777.78% | 35.14% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
705733 | ||
| us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-89651 | ||
| us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.04 | ||
| us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.01 | ||
| us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.04 | ||
| us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.01 | ||
| us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
16055110 | ||
| us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
15339706 | ||
| us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
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|
16070275 | ||
| us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
15339706 | ||
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Gains Losses On Extinguishment Of Debt
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|
-167964 | |
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Gains Losses On Extinguishment Of Debt
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|
-167964 | ||
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Increase Decrease In Accounts Payable And Accrued Liabilities
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|
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Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
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| qrhc |
Increase Decrease In Contract With Customer Liability And Other Liability
IncreaseDecreaseInContractWithCustomerLiabilityAndOtherLiability
|
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| qrhc |
Increase Decrease In Contract With Customer Liability And Other Liability
IncreaseDecreaseInContractWithCustomerLiabilityAndOtherLiability
|
-53957 | ||
| us-gaap |
Net Cash Provided By Used In Operating Activities
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|
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Warrant Down Round Feature Increase Decrease In Equity Amount
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|
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Warrant Down Round Feature Increase Decrease In Equity Amount
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|
205014 | ||
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Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
377317 | |
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Net Income Loss
NetIncomeLoss
|
-231667 | |
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Stockholders Equity
StockholdersEquity
|
61789702 | |
| CY2020Q2 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
400361 | |
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Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
|
30040 | |
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Net Income Loss
NetIncomeLoss
|
1209003 | |
| CY2020Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
63429106 | |
| CY2020Q3 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
323750 | |
| CY2020Q3 | us-gaap |
Stock Issued During Period Value New Issues
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|
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Stockholders Equity
StockholdersEquity
|
60542718 | |
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Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
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| CY2019Q1 | us-gaap |
Net Income Loss
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|
-163752 | |
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Stockholders Equity
StockholdersEquity
|
60582997 | |
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Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
269201 | |
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Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
|
29669 | |
| CY2019Q2 | us-gaap |
Stockholders Equity
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|
60908969 | |
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Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
285476 | |
| CY2019Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
61241444 | |
| us-gaap |
Depreciation
Depreciation
|
164156 | ||
| us-gaap |
Depreciation
Depreciation
|
175562 | ||
| us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
707775 | ||
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Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
880564 | ||
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Amortization Of Financing Costs
AmortizationOfFinancingCosts
|
62684 | ||
| us-gaap |
Amortization Of Financing Costs
AmortizationOfFinancingCosts
|
70426 | ||
| us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
90844 | ||
| us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
45000 | ||
| us-gaap |
Share Based Compensation
ShareBasedCompensation
|
1101428 | ||
| us-gaap |
Share Based Compensation
ShareBasedCompensation
|
758708 | ||
| us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
1342698 | ||
| us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
-2429495 | ||
| us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
232639 | ||
| us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
272910 | ||
| qrhc |
Increase Decrease In Security Deposits And Other Assets
IncreaseDecreaseInSecurityDepositsAndOtherAssets
|
423798 | ||
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Increase Decrease In Security Deposits And Other Assets
IncreaseDecreaseInSecurityDepositsAndOtherAssets
|
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Payments To Acquire Property Plant And Equipment
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|
86965 | ||
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Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
|
31485 | ||
| us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
1166276 | ||
| us-gaap |
Payments To Acquire Property Plant And Equipment
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|
272282 | ||
| CY2020Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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|
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Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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|
2068999 | |
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Interest Paid Net
InterestPaidNet
|
177285 | ||
| us-gaap |
Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
|
122922 | ||
| us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-303767 | ||
| us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-209887 | ||
| us-gaap |
Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
|
59192785 | ||
| us-gaap |
Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
|
76320336 | ||
| us-gaap |
Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
|
59664147 | ||
| us-gaap |
Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
|
77357095 | ||
| us-gaap |
Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
|
131328 | ||
| us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
3047547 | ||
| qrhc |
Proceeds From Shares Issued For Employee Stock Purchase Plan
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|
30040 | ||
| qrhc |
Proceeds From Shares Issued For Employee Stock Purchase Plan
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|
29669 | ||
| us-gaap |
Repayments Of Debt And Capital Lease Obligations
RepaymentsOfDebtAndCapitalLeaseObligations
|
2597 | ||
| us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
2474897 | ||
| us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-1009687 | ||
| us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
3015912 | ||
| us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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|
-53298 | ||
| CY2019Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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|
3411108 | |
| CY2018Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
2122297 | |
| us-gaap |
Interest Paid Net
InterestPaidNet
|
282716 | ||
| us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
147120 | ||
| us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
47810 | ||
| qrhc |
Noncash Repayment Of Revolving Credit Facility
NoncashRepaymentOfRevolvingCreditFacility
|
3385560 | ||
| us-gaap |
Debt Issuance Costs Incurred During Noncash Or Partial Noncash Transaction
DebtIssuanceCostsIncurredDuringNoncashOrPartialNoncashTransaction
|
85549 | ||
| 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 (“QRHC”) and its subsidiaries, Quest Resource Management Group, LLC (“Quest”), Landfill Diversion Innovations, LLC (“LDI”), Youchange, Inc. (“Youchange”), Quest Vertigent Corporation (“QVC”), Quest Vertigent One, LLC (“QV One”), and Quest Sustainability Services, Inc. (“QSS”) (collectively, “we,” “us,” “our,” or “our company”). </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 –<font style="font-style:normal;"> We are a national provider of waste and recycling services to customers from across multiple industry sectors that are typically larger, multi-location businesses. We create customer-specific programs and perform the related services for the collection, processing, recycling, disposal, and tracking of waste streams and recyclables.</font></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;">In March 2020, the World Health Organization categorized Coronavirus Disease 2019 (“COVID-19”) as a pandemic, and the President of the United States declared the COVID-19 outbreak a national emergency.  The waste management and recycling services we provide are currently designated an essential critical infrastructure business under the President’s COVID-19 guidance, the continued operation of which is vital for national public health, safety and national economic security.  The extent of the impact of the COVID-19 outbreak on our operational and financial performance will depend on certain developments, including the duration and spread of the outbreak, its impact on our customers and subcontractors, and the range of governmental and community reactions to the pandemic, which are uncertain and cannot be fully predicted at this time.</p> <p style="margin-top:6pt;margin-bottom:0pt;text-indent:0%;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">On October 19, 2020, Quest acquired substantially all of the assets used in the business of Green Remedies Waste and Recycling, Inc., a leading provider of independent environmental services, particularly in multi-family housing, located in Elon, NC. See Note 14 for more information regarding the acquisition.</p> | ||
| CY2019Q4 | us-gaap |
Other Accounts Payable And Accrued Liabilities
OtherAccountsPayableAndAccruedLiabilities
|
151289 | |
| us-gaap |
Extinguishment Of Debt Nature Of Restrictions On Assets Set Aside For Scheduled Payments
ExtinguishmentOfDebtNatureOfRestrictionsOnAssetsSetAsideForScheduledPayments
|
The BBVA Loan Agreement replaced our Loan, Security and Guaranty Agreement, dated as of February 24, 2017, with Citizens Bank, National Association (the “Citizens Bank Loan Agreement”), which was paid off and terminated effective August 5, 2020. | ||
| qrhc |
Equipment Lease Expire Month And Year
EquipmentLeaseExpireMonthAndYear
|
2020-08 | ||
| CY2019Q4 | us-gaap |
Capital Leases Future Minimum Payments Receivable
CapitalLeasesFutureMinimumPaymentsReceivable
|
5000 | |
| CY2020Q3 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
642591 | |
| CY2019Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
534465 | |
| CY2020Q3 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
1171779 | |
| CY2019Q4 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
1595044 | |
| CY2020Q3 | us-gaap |
Deposits Assets Noncurrent
DepositsAssetsNoncurrent
|
730383 | |
| CY2019Q4 | us-gaap |
Deposits Assets Noncurrent
DepositsAssetsNoncurrent
|
306585 | |
| CY2020Q3 | qrhc |
Property Plant And Equipment Net And Other Assets Noncurrent
PropertyPlantAndEquipmentNetAndOtherAssetsNoncurrent
|
2544753 | |
| CY2019Q4 | qrhc |
Property Plant And Equipment Net And Other Assets Noncurrent
PropertyPlantAndEquipmentNetAndOtherAssetsNoncurrent
|
2436094 | |
| CY2020Q3 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
2097545 | |
| CY2019Q4 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
1994320 | |
| CY2020Q3 | us-gaap |
Depreciation
Depreciation
|
63089 | |
| CY2019Q3 | us-gaap |
Depreciation
Depreciation
|
58933 | |
| CY2020Q3 | us-gaap |
Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
|
21615024 | |
| CY2020Q3 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
20700790 | |
| CY2019Q4 | us-gaap |
Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
|
21583538 | |
| CY2019Q4 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
19993014 | |
| CY2020Q3 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
112679 | |
| CY2019Q3 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
295304 | |
| us-gaap |
Indefinitelived Intangible Assets Acquired
IndefinitelivedIntangibleAssetsAcquired
|
0 | ||
| CY2020Q3 | us-gaap |
Goodwill And Intangible Asset Impairment
GoodwillAndIntangibleAssetImpairment
|
0 | |
| CY2020Q3 | us-gaap |
Accounts Payable Current
AccountsPayableCurrent
|
10604499 | |
| CY2019Q4 | us-gaap |
Accounts Payable Current
AccountsPayableCurrent
|
10436715 | |
| CY2020Q3 | us-gaap |
Taxes Payable Current
TaxesPayableCurrent
|
793193 | |
| CY2019Q4 | us-gaap |
Taxes Payable Current
TaxesPayableCurrent
|
716545 | |
| CY2020Q3 | us-gaap |
Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
|
773854 | |
| CY2019Q4 | us-gaap |
Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
|
1384360 | |
| CY2020Q3 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
639559 | |
| CY2019Q4 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
627896 | |
| CY2020Q3 | us-gaap |
Other Accounts Payable And Accrued Liabilities
OtherAccountsPayableAndAccruedLiabilities
|
199814 | |
| CY2020Q3 | us-gaap |
Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
|
1328400 | |
| CY2020Q3 | us-gaap |
Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
|
33395 | |
| CY2020Q3 | qrhc |
Number Of Customers Accounted For More Than Ten Percentage Of Revenue
NumberOfCustomersAccountedForMoreThanTenPercentageOfRevenue
|
3 | |
| CY2019Q3 | qrhc |
Number Of Customers Accounted For More Than Ten Percentage Of Revenue
NumberOfCustomersAccountedForMoreThanTenPercentageOfRevenue
|
3 | |
| qrhc |
Number Of Customers Accounted For More Than Ten Percentage Of Revenue
NumberOfCustomersAccountedForMoreThanTenPercentageOfRevenue
|
3 | ||
| qrhc |
Number Of Customers Accounted For More Than Ten Percentage Of Revenue
NumberOfCustomersAccountedForMoreThanTenPercentageOfRevenue
|
3 | ||
| CY2020Q3 | us-gaap |
Operating Lease Right Of Use Asset Statement Of Financial Position Extensible List
OperatingLeaseRightOfUseAssetStatementOfFinancialPositionExtensibleList
|
qrhc:PropertyPlantAndEquipmentNetIncludingDepositsAssetsNoncurrent | |
| CY2019Q4 | us-gaap |
Operating Lease Right Of Use Asset Statement Of Financial Position Extensible List
OperatingLeaseRightOfUseAssetStatementOfFinancialPositionExtensibleList
|
qrhc:PropertyPlantAndEquipmentNetIncludingDepositsAssetsNoncurrent | |
| CY2020Q3 | us-gaap |
Operating Lease Liability Current Statement Of Financial Position Extensible List
OperatingLeaseLiabilityCurrentStatementOfFinancialPositionExtensibleList
|
us-gaap:AccountsPayableAndAccruedLiabilitiesCurrent | |
| CY2019Q4 | us-gaap |
Operating Lease Liability Current Statement Of Financial Position Extensible List
OperatingLeaseLiabilityCurrentStatementOfFinancialPositionExtensibleList
|
us-gaap:AccountsPayableAndAccruedLiabilitiesCurrent | |
| CY2020Q3 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
655446 | |
| CY2019Q4 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
1136583 | |
| CY2020Q3 | us-gaap |
Operating Lease Liability Noncurrent Statement Of Financial Position Extensible List
OperatingLeaseLiabilityNoncurrentStatementOfFinancialPositionExtensibleList
|
us-gaap:OtherLiabilitiesNoncurrent | |
| CY2019Q4 | us-gaap |
Operating Lease Liability Noncurrent Statement Of Financial Position Extensible List
OperatingLeaseLiabilityNoncurrentStatementOfFinancialPositionExtensibleList
|
us-gaap:OtherLiabilitiesNoncurrent | |
| CY2020Q3 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
1295005 | |
| CY2019Q4 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
1764479 | |
| CY2020Q3 | us-gaap |
Operating Lease Expense
OperatingLeaseExpense
|
150000 | |
| us-gaap |
Operating Lease Expense
OperatingLeaseExpense
|
450000 | ||
| CY2019Q3 | us-gaap |
Operating Lease Expense
OperatingLeaseExpense
|
150000 | |
| us-gaap |
Operating Lease Expense
OperatingLeaseExpense
|
450000 | ||
| CY2020Q3 | qrhc |
Operating Lease Minimum Annual Incentive Payment
OperatingLeaseMinimumAnnualIncentivePayment
|
63000 | |
| qrhc |
Sublease Commencement Period
SubleaseCommencementPeriod
|
2019-12-01 | ||
| qrhc |
Sublease Expiration Month And Year
SubleaseExpirationMonthAndYear
|
2022-08 | ||
| qrhc |
Sublease Income Net
SubleaseIncomeNet
|
36000 | ||
| CY2020Q3 | us-gaap |
Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
|
P2Y | |
| CY2020Q3 | us-gaap |
Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
|
0.02456 | |
| CY2020Q3 | us-gaap |
Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
|
166050 | |
| CY2020Q3 | us-gaap |
Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
|
664200 | |
| CY2020Q3 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
|
498150 | |
| CY2020Q3 | us-gaap |
Concentration Risk Percentage1
ConcentrationRiskPercentage1
|
0.494 | |
| CY2019Q3 | us-gaap |
Concentration Risk Percentage1
ConcentrationRiskPercentage1
|
0.494 | |
| us-gaap |
Concentration Risk Percentage1
ConcentrationRiskPercentage1
|
0.520 | ||
| us-gaap |
Concentration Risk Percentage1
ConcentrationRiskPercentage1
|
0.546 | ||
| CY2020Q3 | us-gaap |
Capitalized Contract Cost Net
CapitalizedContractCostNet
|
52500 | |
| CY2019Q4 | us-gaap |
Capitalized Contract Cost Net
CapitalizedContractCostNet
|
113750 | |
| CY2020Q3 | us-gaap |
Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
|
16570 | |
| CY2019Q4 | us-gaap |
Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
|
19644 | |
| us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.27 | ||
| CY2020Q3 | us-gaap |
Operating Loss Carryforwards
OperatingLossCarryforwards
|
0 | |
| CY2019Q3 | us-gaap |
Operating Loss Carryforwards
OperatingLossCarryforwards
|
0 | |
| CY2020Q3 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
12471000 | |
| CY2019Q4 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
12452000 | |
| CY2020Q3 | us-gaap |
Deferred Tax Assets Operating Loss Carryforwards Domestic
DeferredTaxAssetsOperatingLossCarryforwardsDomestic
|
14800000 | |
| CY2019Q4 | us-gaap |
Deferred Tax Assets Operating Loss Carryforwards Domestic
DeferredTaxAssetsOperatingLossCarryforwardsDomestic
|
17200000 | |
| qrhc |
Net Operating Loss Carryforwards Expiration Beginning Year
NetOperatingLossCarryforwardsExpirationBeginningYear
|
2032 | ||
| qrhc |
Net Operating Loss Carryforwards Expiration Ending Year
NetOperatingLossCarryforwardsExpirationEndingYear
|
2037 | ||
| qrhc |
Employee Stock Purchase Plan Expense
EmployeeStockPurchasePlanExpense
|
25280 | ||
| qrhc |
Employee Stock Purchase Plan Expense
EmployeeStockPurchasePlanExpense
|
20617 | ||
| CY2020Q2 | us-gaap |
Stock Issued During Period Shares Employee Stock Purchase Plans
StockIssuedDuringPeriodSharesEmployeeStockPurchasePlans
|
30206 | |
| CY2020Q2 | us-gaap |
Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
|
30040 | |
| CY2020Q3 | us-gaap |
Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
|
521060 | |
| CY2016Q1 | us-gaap |
Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
|
430629 | |
| CY2016Q1 | us-gaap |
Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
|
3.88 | |
| CY2016Q1 | qrhc |
Exercise Price Of Warrants Adjusted
ExercisePriceOfWarrantsAdjusted
|
1.15 | |
| us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
878405 | ||
| us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
729431 | ||
| CY2019Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
2445453 | |
| us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
|
955052 | ||
| us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
|
177630 | ||
| CY2020Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
3222875 | |
| CY2019Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
3.37 | |
| us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
|
1.55 | ||
| CY2020Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
2.90 | |
| us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
|
2.02 | ||
| CY2019Q3 | us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
48686 | |
| us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
15165 | ||
| CY2020Q3 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
3743935 | |
| CY2019Q3 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
3203988 | |
| us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
3728770 | ||
| us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
3252674 | ||
| us-gaap |
Sale Of Stock Description Of Transaction
SaleOfStockDescriptionOfTransaction
|
The offering and private transaction, together the “Transactions”, closed on April 11, 2019. | ||
| CY2019 | us-gaap |
Sale Of Stock Consideration Received Per Transaction
SaleOfStockConsiderationReceivedPerTransaction
|
0 |
