Quest resource holding corporation (QRHC)
Balance Sheet / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11
ASSETS
Current assets:
Cash and cash equivalents

3,349

3,411

2,068

2,087

2,065

2,122

1,048

1,080

1,083

1,055

1,115

1,398

2,127

1,328

1,873

2,025

3,910

2,989

5,054

541

3,311

3,154

6,689

3,196

1,082

2,676

3,629

192

314

485

17

51

14

1,274

4

66

Accounts receivable, less allowance for doubtful accounts of $797,344 and $767,464 as of March 31, 2020 and December 31, 2019, respectively

15,185

13,899

14,237

15,893

17,733

16,711

17,152

17,877

17,183

16,263

20,030

30,086

32,812

34,828

32,204

35,566

35,123

33,298

29,785

31,904

28,621

29,631

28,036

24,220

21,593

20,849

17,709

165

114

174

-

-

-

75

-

-

Inventory

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

7

-

-

3

2

4

4

7

7

-

2

3

Prepaid expenses and other current assets

1,374

1,110

1,238

1,373

1,146

965

1,444

1,788

1,549

1,508

1,483

2,044

2,167

2,671

3,102

1,775

967

946

1,270

1,152

752

684

567

726

545

404

367

30

47

38

-

-

135

1

13

14

Deferred tax asset - current

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

12

-

-

Total current assets

19,909

18,420

17,544

19,354

20,945

19,799

19,646

20,747

19,817

18,826

22,629

33,529

37,107

38,827

37,181

39,367

40,001

37,235

36,110

33,598

32,685

33,470

35,294

28,143

23,228

23,930

21,706

391

478

702

21

58

158

1,363

20

84

Advances to Feature Marketing, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

95

-

96

96

Property and equipment, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

555

582

-

706

133

145

156

6

5

3

204

3

4

Goodwill

58,208

58,208

58,208

58,208

58,208

58,208

58,208

58,208

58,208

58,337

58,337

58,337

58,337

58,337

58,337

58,337

58,337

58,337

58,337

58,337

58,337

58,337

58,337

58,337

58,337

58,337

57,937

-

-

-

-

-

-

-

-

-

Intangible assets, net

1,304

1,590

1,853

2,124

2,360

2,610

2,865

3,166

4,038

5,031

5,910

6,799

7,652

8,489

9,328

10,201

11,070

11,828

13,133

13,792

14,363

15,115

15,857

16,312

16,832

17,636

18,724

128

128

128

-

-

-

128

-

-

Property and equipment, net, and other assets

2,260

2,436

2,687

2,806

2,923

968

1,043

1,146

1,344

1,320

1,582

1,856

2,126

2,414

2,681

2,297

1,649

1,608

1,463

850

860

753

636

-

-

741

-

-

-

-

-

-

-

-

-

-

Investment in Quest Resource Management Group, LLC

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,826

4,223

4,047

-

-

-

2,757

-

-

Prepaid income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5

-

-

-

-

-

-

-

-

-

Security deposits and other assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

111

95

-

109

-

-

226

-

-

-

-

-

-

Deferred tax asset - non-current

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

920

-

-

Prepaid income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5

5

-

-

-

-

89

-

-

Security deposits and other assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

133

142

-

-

-

-

110

-

-

Other assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

9

9

-

-

-

-

Capitalized software costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

174

-

147

128

Other assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

7

-

7

6

Total assets

81,683

80,655

80,294

82,494

84,437

81,587

81,764

83,268

83,407

83,515

88,459

100,522

105,223

108,069

107,528

110,203

111,058

109,009

109,044

106,578

106,246

107,676

110,126

103,459

99,076

100,646

99,190

4,619

5,125

5,261

37

73

439

5,575

275

320

LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable and accrued liabilities

14,336

13,316

13,514

15,248

17,036

15,777

16,506

17,493

17,076

14,253

17,822

29,400

31,136

35,305

34,299

36,142

-

34,847

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Line of credit

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,250

5,250

5,250

4,750

2,750

2,250

-

-

-

-

-

-

-

-

-

Line of credit

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,250

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accounts payable and accrued liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

36,124

-

33,861

25,868

26,379

26,621

27,829

-

-

26,263

-

-

-

-

86

139

112

-

61

63

Deferred revenue and other current liabilities

22

19

15

23

51

71

93

125

162

328

324

408

386

406

515

467

433

328

249

249

323

282

327

-

-

275

-

-

-

-

-

-

-

-

-

-

Accounts payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

23,629

21,416

-

20,093

457

355

316

-

-

-

287

-

-

Accrued liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,155

2,042

-

2,994

881

702

648

-

-

-

582

-

-

Deferred revenue

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

481

342

-

268

295

255

166

-

-

-

244

-

-

Long-term debt and capital lease obligations - current portion

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

16

16

-

10

33

53

72

-

-

-

59

-

-

Accrued interest payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5

6

4

-

0

8

Notes payable - short-term

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6

6

-

-

-

-

Notes payable - related party

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

37

37

-

-

-

37

Notes and advances payable - related party

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

70

-

42

-

Notes payable - short-term

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

51

-

-

-

Convertible notes payable - short term

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

25

25

73

99

111

63

33

-

-

75

Total current liabilities

14,358

13,336

13,529

15,271

17,087

15,849

16,600

17,619

17,238

14,582

18,146

29,808

31,522

35,711

34,814

36,609

36,558

35,176

34,110

26,118

31,952

32,154

33,407

31,533

28,568

29,289

25,642

1,693

1,439

1,302

247

253

271

1,173

104

184

Revolving credit facility, net

4,553

4,534

4,228

4,861

5,157

5,194

4,934

4,924

5,100

6,763

6,730

6,167

8,022

4,750

3,250

4,000

3,500

4,000

3,000

7,250

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Long-term senior secured convertible notes - related parties, net of $4,656,934 discount as of December 31, 2013

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

17,343

-

-

-

-

-

-

-

-

-

-

Long-term capital lease obligations, less current maturities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

24

28

-

-

-

-

-

-

-

-

-

-

-

Long term debt and capital lease obligations, less current maturities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

72

-

-

Convertible notes payable - long-term

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

78

-

25

-

Long term convertible debt - related parties

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

43

66

-

6,276

-

4

Long-term senior secured convertible notesrelated parties, net of discount of $4,656,934 as of December 31, 2013

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

18,251

17,794

-

16,881

1,106

898

686

-

-

-

-

-

-

Other long-term liabilities

981

1,140

1,295

1,452

1,608

0

0

2

8

21

43

76

120

335

402

388

324

341

105

35

44

45

40

-

-

33

-

-

-

-

-

-

-

-

-

-

Warrant liability

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,465

20,233

-

-

-

-

-

-

Total liabilities

19,893

19,011

19,052

21,585

23,854

21,044

21,536

22,546

22,348

21,368

24,921

36,052

39,665

40,797

38,467

40,997

40,382

39,517

37,216

33,403

31,996

32,199

33,447

49,809

46,391

46,665

42,523

2,800

2,338

22,221

291

320

349

7,522

129

188

Commitments and contingencies

-

-

-

-

-

-

0

0

0

-

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

-

0

0

0

-

-

-

0

-

-

Stockholders’ equity:
Mezzanine financing (nil and 687,051 common shares as of December 31, 2012 and 2011, respectively)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,375

-

-

Preferred stock, $0.001 par value, 10,000,000 shares authorized, no shares issued or outstanding as of March 31, 2020 and December 31, 2019

-

-

-

-

-

-

0

0

0

-

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

-

0

-

-

Common stock, $0.001 par value, 200,000,000 shares authorized, 15,372,905 shares issued and outstanding as of March 31, 2020 and December 31, 2019

15

15

15

15

15

15

15

15

15

15

15

15

15

15

15

14

118

13

111

111

111

111

111

97

95

95

95

65

65

58

8

8

40

46

39

38

Additional paid-in capital

161,235

160,858

160,489

160,204

159,905

159,701

159,479

159,292

159,091

158,867

158,677

158,530

158,367

158,171

158,611

156,352

155,670

152,347

151,816

151,510

151,080

150,789

-

-

-

119,410

-

-

-

-

-

-

2,454

-

2,099

1,941

Additional paid-in capital

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

150,152

122,393

119,602

-

119,154

55,086

53,745

30,708

3,723

3,505

-

2,204

-

-

Accumulated deficit

-99,461

-99,229

-99,263

-99,310

-99,337

-99,174

-99,267

-98,586

-98,047

-96,735

-95,155

-94,074

-92,824

-90,914

-89,565

-87,161

-85,113

-82,869

-80,100

-78,446

-76,942

-75,423

-73,585

-68,840

-67,014

-65,525

-62,584

-53,333

-51,023

-47,726

-

-

-

-5,574

-

-

Treasury stock, at cost (15,000 common shares as of September 30, 2012 and June 30, 2012, respectively)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

26

26

26

-

26

26

Accumulated deficit

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,959

3,735

2,378

-

1,965

1,822

Total stockholders’ equity

61,789

61,644

61,241

60,908

60,582

60,542

60,227

60,721

61,059

62,147

63,537

64,470

65,558

67,272

69,061

69,205

70,676

69,492

71,827

73,175

74,249

75,477

76,678

53,650

52,684

53,980

56,666

1,818

2,786

-16,959

-253

-247

89

-3,323

146

131

Total liabilities and stockholders’ equity

81,683

80,655

80,294

82,494

84,437

81,587

81,764

83,268

83,407

83,515

88,459

100,522

105,223

108,069

107,528

110,203

111,058

109,009

109,044

106,578

106,246

107,676

110,126

103,459

99,076

100,646

99,190

4,619

5,125

5,261

37

73

439

5,575

275

320