Quest Resource Holding (QRHC) 10-Q 14 Aug 23 2023 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2023	Aug. 01, 2023
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2023
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q2
Trading Symbol	QRHC
Entity Registrant Name	Quest Resource Holding Corporation
Entity Central Index Key	0001442236
Entity Current Reporting Status	Yes
Current Fiscal Year End Date	--12-31
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		19,782,060
Entity File Number	001-36451
Entity Tax Identification Number	51-0665952
Entity Address, Address Line One	3481 Plano Parkway
Entity Address, Address Line Two	Suite 100
Entity Address, City or Town	The Colony
Entity Address, State or Province	TX
Entity Address, Postal Zip Code	75056
City Area Code	972
Local Phone Number	464-0004
Entity Interactive Data Current	Yes
Title of 12(b) Security	Common stock
Entity Incorporation, State or Country Code	NV
Security Exchange Name	NASDAQ
Document Quarterly Report	true
Document Transition Report	false

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)	Jun. 30, 2023	Dec. 31, 2022
Current assets:
Cash and cash equivalents	$ 2,979,757	$ 9,563,709
Accounts receivable, less allowance for doubtful accounts of $2,095,947 and $2,176,010 as of June 30, 2023 and December 31, 2022, respectively	45,476,603	45,891,144
Prepaid expenses and other current assets	3,153,501	2,310,423
Total current assets	51,609,861	57,765,276
Goodwill	84,258,206	84,258,206
Intangible assets, net	29,672,721	33,556,340
Property and equipment, net, and other assets	5,090,166	5,911,227
Total assets	170,630,954	181,491,049
Current liabilities:
Accounts payable and accrued liabilities	36,609,233	32,207,461
Other current liabilities	3,362,018	4,688,605
Current portion of notes payable	1,158,800	1,158,800
Total current liabilities	41,130,051	38,054,866
Notes payable, net	58,867,552	70,572,891
Other long-term liabilities	1,521,787	1,724,244
Total liabilities	101,519,390	110,352,001
Commitments and contingencies
Stockholders’ equity:
Preferred stock, $0.001 par value, 10,000,000 shares authorized, no shares issued or outstanding as of June 30, 2023 and December 31, 2022
Common stock, $0.001 par value, 200,000,000 shares authorized,19,782,060 and 19,696,006 shares issued and outstanding as of June 30, 2023 and December 31, 2022, respectively	19,782	19,696
Additional paid-in capital	174,759,383	173,876,319
Accumulated deficit	(105,667,601)	(102,756,967)
Total stockholders’ equity	69,111,564	71,139,048
Total liabilities and stockholders’ equity	$ 170,630,954	$ 181,491,049

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) (Unaudited) - USD ($)	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2022	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021
Statement of Financial Position [Abstract]
Allowance for doubtful accounts receivable	$ 2,095,947	$ 2,274,540	$ 2,176,010	$ 1,728,974	$ 1,054,365	$ 840,522
Preferred stock, par value	$ 0.001		$ 0.001
Preferred stock, shares authorized	10,000,000		10,000,000
Preferred stock, shares issued	0		0
Preferred stock, shares outstanding	0		0
Common stock, par value	$ 0.001		$ 0.001
Common stock, shares authorized	200,000,000		200,000,000
Common stock, shares issued	19,782,060		19,696,006
Common stock, shares outstanding	19,782,060		19,696,006

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Income Statement [Abstract]
Revenue	$ 74,497,295	$ 76,904,788	$ 148,610,998	$ 148,426,956
Cost of revenue	60,992,466	62,236,397	122,476,410	122,510,150
Gross profit	13,504,829	14,668,391	26,134,588	25,916,806
Operating expenses:
Selling, general, and administrative	9,212,270	9,298,367	18,629,706	18,642,829
Depreciation and amortization	2,452,258	2,470,390	4,877,102	4,835,252
Total operating expenses	11,664,528	11,768,757	23,506,808	23,478,081
Operating income	1,840,301	2,899,634	2,627,780	2,438,725
Interest expense	(2,556,103)	(1,588,827)	(4,999,131)	(3,145,412)
Income (loss) before taxes	(715,802)	1,310,807	(2,371,351)	(706,687)
Income tax expense	170,779	160,576	539,283	327,391
Net income (loss)	(886,581)	1,150,231	(2,910,634)	(1,034,078)
Net income (loss) applicable to common stockholders	$ (886,581)	$ 1,150,231	$ (2,910,634)	$ (1,034,078)
Net income (loss) per share applicable to common shareholders
Basic	$ (0.04)	$ 0.06	$ (0.15)	$ (0.05)
Diluted	$ (0.04)	$ 0.05	$ (0.15)	$ (0.05)
Weighted average number of common shares outstanding
Basic	19,962,031	19,278,730	19,946,954	19,261,775
Diluted	19,962,031	21,348,821	19,946,954	19,261,775

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (UNAUDITED) - USD ($)	Total	Common Stock [Member]	Additional Paid-in Capital [Member]	Accumulated Deficit [Member]
Beginning Balance at Dec. 31, 2021	$ 73,628,264	$ 19,046	$ 170,318,199	$ (96,708,981)
Beginning Balance, Shares at Dec. 31, 2021		19,045,988
Stock-based compensation	258,638		258,638
Net (loss) income	(2,184,309)			(2,184,309)
Ending Balance at Mar. 31, 2022	71,702,593	$ 19,046	170,576,837	(98,893,290)
Ending Balance, Shares at Mar. 31, 2022		19,045,988
Beginning Balance at Dec. 31, 2021	73,628,264	$ 19,046	170,318,199	(96,708,981)
Beginning Balance, Shares at Dec. 31, 2021		19,045,988
Net (loss) income	(1,034,078)
Ending Balance at Jun. 30, 2022	73,348,812	$ 19,117	171,072,754	(97,743,059)
Ending Balance, Shares at Jun. 30, 2022		19,117,173
Beginning Balance at Mar. 31, 2022	71,702,593	$ 19,046	170,576,837	(98,893,290)
Beginning Balance, Shares at Mar. 31, 2022		19,045,988
Stock-based compensation	326,894		326,894
Stock option exercises, Shares		53,465
Stock option exercises	92,428	$ 53	92,375
Shares issued for Employee Stock Purchase Plan options, Shares		17,720
Shares issued for Employee Stock Purchase Plan options	76,666	$ 18	76,648
Net (loss) income	1,150,231			1,150,231
Ending Balance at Jun. 30, 2022	73,348,812	$ 19,117	171,072,754	(97,743,059)
Ending Balance, Shares at Jun. 30, 2022		19,117,173
Beginning Balance at Dec. 31, 2022	71,139,048	$ 19,696	173,876,319	(102,756,967)
Beginning Balance, Shares at Dec. 31, 2022		19,696,006
Stock-based compensation	298,431		298,431
Stock option exercises, Shares		28,166
Stock option exercises	62,548	$ 28	62,520
Net (loss) income	(2,024,053)			(2,024,053)
Ending Balance at Mar. 31, 2023	69,475,974	$ 19,724	174,237,270	(104,781,020)
Ending Balance, Shares at Mar. 31, 2023		19,724,172
Beginning Balance at Dec. 31, 2022	71,139,048	$ 19,696	173,876,319	(102,756,967)
Beginning Balance, Shares at Dec. 31, 2022		19,696,006
Net (loss) income	(2,910,634)
Ending Balance at Jun. 30, 2023	69,111,564	$ 19,782	174,759,383	(105,667,601)
Ending Balance, Shares at Jun. 30, 2023		19,782,060
Beginning Balance at Mar. 31, 2023	69,475,974	$ 19,724	174,237,270	(104,781,020)
Beginning Balance, Shares at Mar. 31, 2023		19,724,172
Stock-based compensation	362,319		362,319
Stock option exercises, Shares		35,000
Stock option exercises	52,850	$ 35	52,815
Shares issued for Employee Stock Purchase Plan options, Shares		22,888
Shares issued for Employee Stock Purchase Plan options	107,002	$ 23	106,979
Net (loss) income	(886,581)			(886,581)
Ending Balance at Jun. 30, 2023	$ 69,111,564	$ 19,782	$ 174,759,383	$ (105,667,601)
Ending Balance, Shares at Jun. 30, 2023		19,782,060

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Cash flows from operating activities:
Net loss	$ (2,910,634)	$ (1,034,078)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:
Depreciation	494,453	370,393
Amortization of intangibles	4,553,486	4,616,795
Amortization of debt issuance costs and discounts	583,589	650,664
Provision for doubtful accounts	570,359	731,955
Stock-based compensation	660,750	585,532
Changes in operating assets and liabilities:
Accounts receivable	(155,818)	(11,255,199)
Prepaid expenses and other current assets	(843,078)	(918,076)
Security deposits and other assets	220,666	701,209
Accounts payable and accrued liabilities	4,426,971	3,619,871
Other liabilities	(1,282,948)	(1,866,667)
Net cash provided by (used in) operating activities	6,317,796	(3,797,601)
Cash flows from investing activities:
Purchase of property and equipment	(165,353)	(402,025)
Purchase of intangible assets	(669,867)	(311,532)
Acquisition, net of cash acquired		(3,137,758)
Net cash used in investing activities	(835,220)	(3,851,315)
Cash flows from financing activities:
Proceeds from credit facilities	40,145,428	36,046,989
Repayments of credit facilities	(46,904,436)	(35,396,710)
Proceeds from long-term debt		3,500,000
Repayments of long-term debt	(5,529,920)	(835,061)
Proceeds from shares issued for Employee Stock Purchase Plan	107,002	76,666
Proceeds from stock option exercises	115,398	92,428
Debt issuance costs		(45,800)
Net cash provided by (used in) financing activities	(12,066,528)	3,438,512
Net increase (decrease) in cash and cash equivalents	(6,583,952)	(4,210,404)
Cash and cash equivalents at beginning of period	9,563,709	8,427,858
Cash and cash equivalents at end of period	2,979,757	4,217,454
Supplemental cash flow information:
Cash paid for interest	4,401,300	2,403,567
Cash paid for income taxes, net	$ 285,996	$ 214,060

The Company and Description of

The Company and Description of Business	6 Months Ended
	Jun. 30, 2023
Accounting Policies [Abstract]
The Company and Description of Business	1. The Company and Description of Business 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”), Quest Sustainability Services, Inc. (“QSS”), RWS Facility Services, LLC (“RWS”), Sustainable Solutions Group, LLC (“SSG”), and Sequoia Waste Management Solutions, LLC (“Sequoia”) (collectively, “we,” “us,” or “our company”). Operations – 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. In addition, we offer products such as antifreeze and windshield washer fluid and other minor ancillary services. We also provide information and data that tracks and reports the detailed transactional and environmental results of our services and provides actionable data to improve business operations. The data we generate also enables our customers to address their environmental and sustainability goals and responsibilities. On February 10, 2022, we acquired an independent environmental services company that primarily services customers in the northeast region of the United States. See Note 3 for more information regarding the acquisitions.

Summary of Significant Accounti

Summary of Significant Accounting Policies	6 Months Ended
	Jun. 30, 2023
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	2. Summary of Significant Accounting Policies Principles of Presentation and Consolidation The condensed consolidated financial statements included herein have been prepared by us without audit pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”) and should be read in conjunction with our audited financial statements for the year ended December 31, 2022. Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) have been condensed or omitted as permitted by the SEC, although we believe the disclosures that are made are adequate to make the information presented herein not misleading. The accompanying condensed consolidated financial statements reflect, in our opinion, all normal recurring adjustments necessary to present fairly our financial position at June 30, 2023 and the results of our operations and cash flows for the periods presented. We derived the December 31, 2022 condensed consolidated balance sheet data from audited financial statements; however, we did not include all disclosures required by GAAP. As QRHC, Quest, LDI, Youchange, QVC, QV One, QSS, RWS, SSG, and Sequoia each operate as environmental-based service companies, we did not deem segment reporting necessary. All intercompany accounts and transactions have been eliminated in consolidation. Interim results are subject to seasonal variations, and the results of operations for the six months ended June 30, 2023 are not necessarily indicative of the results to be expected for the full year. Recent Accounting Pronouncements In June 2016, the Financial Accounting Standards Board, (“FASB”) issued Accounting Standards Update (“ASU”) 2016-13, Financial Instruments – Credit Losses (Topic 326) , which provides guidance on measuring credit losses on financial instruments, including trade receivables. The amended guidance replaces current incurred loss impairment methodology of recognizing credit losses when a loss is probable with a new forward-looking approach to estimate expected credit losses. We adopted the new standard on January 1, 2023. The adoption of the new standard did not have a material impact on our condensed consolidated financial statements as pre-existing processes for estimating expected credit losses for trade receivables generally aligned with the expected credit loss model. There have been no other recent accounting pronouncements or changes in accounting pronouncements that have been issued but not yet adopted that are of significance, or potential significance, to us.

Acquisitions

Acquisitions	6 Months Ended
	Jun. 30, 2023
Business Combinations [Abstract]
Acquisitions	3. Acquisitions On February 10, 2022, we acquired an independent environmental services company that primarily services customers in the northeast region of the United States for approximately $ 3.35 million. This acquisition was paid in cash and was financed with a draw down on the term loan pursuant to the Credit Agreement (as defined in Note 8). The purchase price was allocated to the acquired assets, primarily customer relationship intangibles and goodwill.

Accounts Receivable, Net of All

Accounts Receivable, Net of Allowance for Doubtful Accounts	6 Months Ended
	Jun. 30, 2023
Receivables [Abstract]
Accounts Receivable, Net of Allowance For Doubtful Accounts	4. Accounts receivable, net of allowance for doubtful accounts Our receivables, which are recorded when billed or when services are performed, are claims against third parties that will generally be settled in cash. The carrying value of our receivables, net of the allowance for doubtful accounts, represents the estimated net realizable value. We estimate our allowance for doubtful accounts based on consideration of a number of factors, including the length of time trade accounts are past due, our previous loss history, the creditworthiness of individual customers, economic conditions affecting specific customer industries, and economic conditions in general. We write off past-due receivable balances after all reasonable collection efforts have been exhausted. We credit payments subsequently received on such receivables to bad debt expense in the period we receive the payment. The following table reflects the activity in our allowance for doubtful accounts of trade receivables for the three and six months ended June 30, 2023 and 2022: Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 (Unaudited) (Unaudited) Beginning balance $ 2,274,540 $ 1,054,365 $ 2,176,010 $ 840,522 Bad debt expense 326,450 469,982 570,359 731,955 Uncollectible accounts written off, net of recoveries ( 505,043 ) 204,627 ( 650,422 ) 156,497 Ending balance $ 2,095,947 $ 1,728,974 $ 2,095,947 $ 1,728,974

Property and Equipment, Net, an

Property and Equipment, Net, and Other Assets	6 Months Ended
	Jun. 30, 2023
Property, Plant and Equipment [Abstract]
Property and Equipment, Net, and Other Assets	5. Property and Equipment, net, and Other Assets At June 30, 2023 and December 31, 2022, property and equipment, net, and other assets consisted of the following: June 30, December 31, 2023 2022 (Unaudited) Property and equipment, net of accumulated depreciation of $ 2,934,878 2,499,797 as of June 30, 2023 and December 31, 2022, respectively $ 2,348,579 $ 2,623,704 Right-of-use operating lease assets 2,139,700 2,385,870 Security deposits and other assets 601,887 901,653 Property and equipment, net, and other assets $ 5,090,166 $ 5,911,227 We compute depreciation using the straight-line method over the estimated useful lives of the property and equipment. Depreciation expense for the three months ended June 30, 2023 was $ 256,291 , including $ 86,714 of depreciation expense reflected within “Cost of revenue” in our condensed consolidated statements of operations as it related to assets used in directly servicing customer contracts and was $ 494,453 for the six months ended June 30, 2023, including $ 170,837 of depreciation expense reflected within “Cost of revenue.” Depreciation expense for the three months ended June 30, 2022 was $ 196,820 , including $ 79,588 of depreciation expense reflected within “Cost of revenue,” and was $ 370,393 for the six months ended June 30, 2022, including $ 151,936 reflected in “Cost of revenue.” We recorded right-of-use operating lease assets related to our office leases in accordance with ASC 842. Refer to Note 9, Leases for additional information.

Goodwill and Other Intangible A

Goodwill and Other Intangible Assets	6 Months Ended
	Jun. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Other Intangible Assets	6. Goodwill and Other Intangible Assets The components of goodwill and other intangible assets were as follows: June 30, 2023 (Unaudited) Estimated Gross Carrying Accumulated Net Finite lived intangible assets: Customer relationships 5 years $ 39,250,000 $ 13,733,855 $ 25,516,145 Software 7 years 3,273,181 1,651,312 1,621,869 Trademarks 7 years 2,015,463 513,811 1,501,652 Non-compete agreements 3 years 2,250,000 1,216,945 1,033,055 Total finite lived intangible assets $ 46,788,644 $ 17,115,923 $ 29,672,721 December 31, 2022 Estimated Gross Carrying Accumulated Net Finite lived intangible assets: Customer relationships 5 years $ 39,250,000 $ 9,808,855 $ 29,441,145 Software 7 years 2,609,374 1,541,500 1,067,874 Trademarks 7 years 2,009,403 370,137 1,639,266 Non-compete agreements 3 years 2,250,000 841,945 1,408,055 Total finite lived intangible assets $ 46,118,777 $ 12,562,437 $ 33,556,340 June 30, 2023 (Unaudited) and December 31, 2022 Estimated Carrying Indefinite lived intangible asset: Goodwill Indefinite $ 84,258,206 We compute amortization using the straight-line method over the useful lives of the finite lived intangible assets. Amortization expense related to finite lived intangible assets was $ 2.3 million and $ 2.4 million for the three months ended June 30, 2023 and 2022 , respectively. Amortization expense related to finite lived intangible assets was $ 4.6 million and $ 4.6 million for the six months ended June 30, 2023 and 2022, respectively. We have no indefinite-lived intangible assets other than goodwill. $ 69.2 million of the goodwill is not deductible for tax purposes, while $ 15.0 million of goodwill is deductible over its tax-basis life. We performed our annual impairment analysis for goodwill and other intangible assets in the third quarter of 2022 with no impairment recorded.

Current Liabilities

Current Liabilities	6 Months Ended
	Jun. 30, 2023
Current Liabilities Disclosure [Abstract]
Current Liabilities	7. Current Liabilities The components of Accounts payable and accrued liabilities were as follows: June 30, December 31, 2023 2022 (Unaudited) Accounts payable $ 33,415,068 $ 28,744,858 Accrued taxes 856,144 331,936 Employee compensation 1,125,930 1,812,028 Operating lease liabilities - current portion 490,696 489,938 Miscellaneous 721,395 828,701 $ 36,609,233 $ 32,207,461 Refer to Note 9, Leases for additional disclosure related to the operating lease liabilities. The components of Other current liabilities were as follows: June 30, December 31, 2023 2022 (Unaudited) Deferred consideration - earn-out $ 680,502 1,957,255 Deferred revenue 2,681,516 2,731,350 $ 3,362,018 $ 4,688,605 We made a $ 1.2 million earn-out payment in the first quarter of 2023 related to an acquisition.

Notes Payable

Notes Payable	6 Months Ended
	Jun. 30, 2023
Debt Disclosure [Abstract]
Notes Payable	8. Notes Payable Our debt obligations were as follows: Interest June 30, December 31, Rate (1) 2023 2022 (Unaudited) Monroe Term Loan (2) 12.27 % $ 55,811,656 $ 61,073,151 Green Remedies Promissory Note (3) 3.00 % 1,369,545 1,637,970 PNC ABL Facility (4) 7.54 % 5,479,025 12,238,034 Total notes payable 62,660,226 74,949,155 Less: Current portion of long-term debt ( 1,158,800 ) ( 1,158,800 ) Less: Unamortized debt issuance costs ( 1,734,027 ) ( 2,122,715 ) Less: Unamortized OID ( 237,218 ) ( 288,643 ) Less: Unamortized OID warrant ( 662,629 ) ( 806,106 ) Notes payable, net $ 58,867,552 $ 70,572,891 (1) Interest rates as of June 30, 2023 (2) Bears interest based on SOFR plus Applicable Margin ranging from 5.5 % to 7.5 % (3) Stated interest rate of 3.0 %, discounted cash flow rate of 13 % (4) Bears interest based on SOFR plus a margin ranging from 1.75 % to 2.25 % We capitalize financing costs we incur related to implementing our debt arrangements. We record these debt issuance costs associated with our revolving credit facility and our term loan as a reduction of long-term debt, net and amortize them over the contractual life of the related debt arrangements. The table below summarizes changes in debt issuance costs. June 30, 2023 Debt issuance costs, net of accumulated amortization Balance at December 31, 2022 $ 2,122,715 Less: Amortization expense ( 388,688 ) Balance at June 30, 2023 (Unaudited) $ 1,734,027 Revolving Credit Facility On August 5, 2020, QRHC and certain of its domestic subsidiaries entered into a Loan, Security and Guaranty Agreement (the “PNC Loan Agreement”), which was subsequently amended on October 19, 2020, December 7, 2021, August 9, 2022 and December 2, 2022, with BBVA USA (which was subsequently succeeded in interest by PNC Bank, National Association (“PNC”)), as a lender, and as administrative agent, collateral agent, and issuing bank, which provides for a credit facility (the “ABL Facility”) comprising the following: • An asset-based revolving credit facility in the maximum principal amount of $ 25.0 million with a sublimit for issuance of letters of credit of up to 10 % of the maximum principal amount of the revolving credit facility. Each loan under the revolving credit facility bears interest, at the borrowers’ option, at either the Base Rate, plus a margin ranging from 0.75 % to 1.25 % ( no borrowings as of June 30, 2023 ), or the Adjusted Term SOFR Rate for the interest period in effect plus a margin ranging from 1.75 % to 2.25 % ( 7.54 % as of June 30, 2023 ). The maturity date of the revolving credit facility is April 19, 2025 . The revolving credit facility contains an accordion feature permitting the revolving credit facility to be increased by up to $ 10 million. • An equipment loan facility in the maximum principal amount of $ 2.0 million. Loans under the equipment loan facility may be requested at any time until August 5, 2023. Each loan under the equipment loan facility bears interest, at the borrowers’ option, at either the Base Rate, plus 1.75 %, or the Adjusted Term SOFR Rate for the Interest Period in effect, plus 2.75 %. The maturity date of the equipment loan facility is April 19, 2025 . There were no borrowings under this facility as of June 30, 2023. As of June 30, 2023, the ABL Facility borrowing base availability was $ 20,537,536 , of which $ 5,479,025 principal was outstanding. Monroe Term Loan On October 19, 2020, QRHC and certain of its domestic subsidiaries entered into a Credit Agreement (the “Credit Agreement”), dated as of October 19, 2020, which was subsequently amended on September 3, 2021, December 1, 2021, December 7, 2021, and December 2, 2022, with Monroe Capital Management Advisors, LLC (“Monroe Capital”), as administrative agent for the lenders thereto. Among other things, the Credit Agreement provides for the following: • A senior secured term loan facility in the principal amount of $ 55.8 million as of June 30, 2023 . The senior secured term loan accrues interest at the SOFR Rate for SOFR Loans plus the Applicable Margin; provided, that if the provision of SOFR Loans becomes unlawful or unavailable, then interest will be payable at a rate per annum equal to the Base Rate from time to time in effect plus the Applicable Margin for Base Rate Loans. The maturity date of the term loan facility is October 19, 2025 (the “Maturity Date”). The senior secured term loan will amortize in aggregate annual amounts equal to 1.00 % of the original principal amount of the senior secured term loan facility with the balance payable on the Maturity Date. Proceeds of the senior secured term loan are permitted to be used for Permitted Acquisitions (as defined in the Credit Agreement). • An accordion term loan facility in the maximum principal amount of $ 5.3 million. Loans under the accordion loan facility may be requested at any time until the Maturity Date. Each accordion term loan shall be on the same terms as those applicable to the senior secured term loan. Proceeds of accordion term loans are permitted to be used for Permitted Acquisitions. At the same time as the borrowing of the initial $ 11.5 million under the Credit Agreement in October 2020, in a separate agreement, we issued Monroe Capital a warrant to purchase 500,000 shares of QRHC’s common stock exercisable immediately. For the delayed draw term loan facility, we issued a separate warrant to purchase 350,000 shares upon drawing on this facility on October 19, 2021. Both warrants have an exercise price of $ 1.50 per share and an expiration date of March 19, 2028 . We estimated the value of the warrants issued using the Black Scholes option pricing model and recorded a debt discount (“OID”) of approximately $ 766,000 in 2020 for the 500,000 -share warrant and $ 536,000 in 2021 for the 350,000 -share warrant which are being amortized over the term of the Credit Agreement. We also executed a letter agreement that provides that the warrant holder will receive minimum net proceeds of $ 1 million less any net proceeds received from the sale of the warrant shares, which is conditional on the full exercise and sale of all the warrant shares at the same time and upon a date two years after the closing date of such agreement. Green Remedies Promissory Note On October 19, 2020, we issued an unsecured subordinated promissory note to Green Remedies in the aggregate principal amount of $ 2,684,250 , payable commencing on January 1, 2021 in quarterly installments through October 1, 2025 and subject to an interest rate of 3.0 % per annum. Interest Expense The amount of interest expense related to borrowings for the three months ended June 30, 2023 and 2022 was $ 2,073,078 and $ 1,286,412 , respectively. The amount of interest expense related to borrowings for the six months ended June 30, 2023 and 2022 was $ 4,029,167 and $ 2,519,731 , respectively. Interest expense related to amortization of debt issuance fees, and debt discount costs as well as interest related to vendor supply chain financing programs totaled $ 483,025 and $ 302,415 , respectively, for the three months ended June 30, 2023 and 2022 . Interest expense related to amortization of debt issuance fees, and debt discount costs as well as interest related to vendor supply chain financing programs totaled $ 969,963 and $ 625,681 , respectively, for the six months ended June 30, 2023 and 2022 .

Leases

Leases	6 Months Ended
	Jun. 30, 2023
Lessee Disclosure [Abstract]
Leases	9. Leases Our leases are primarily related to office space and are classified as operating leases. Lease Costs For the three months ended June 30, 2023 and 2022 we recorded approximately $ 185,000 and $ 215,000 , respectively, of fixed cost operating lease expense. For the six months ended June 30, 2023 and 2022 we recorded approximately $ 375,000 and $ 460,000 , respectively, of fixed cost operating lease expense. Cash paid for operating leases approximated operating lease expense and non-cash right of use asset amortization for the six months ended June 30, 2023 and 2022. We did not obtain any new operating lease right-of-use assets in the six months ended June 30, 2023. The future minimum lease payments required under our office leases as of June 30, 2023 are as follows: Amount 2023 $ 294,869 2024 573,965 2025 495,161 2026 484,441 2027 387,909 Total lease payments 2,236,345 Less: Interest ( 223,862 ) Present value of lease liabilities $ 2,012,483 Balance Sheet Classification The table below presents the lease related assets and liabilities recorded on the balance sheet. Right-of-use assets and related liabilities related to finance leases at June 30, 2023 are de minimis. June 30, December 31, 2023 2022 Operating leases: (Unaudited) Right-of-use operating lease assets: Property and equipment, net and other assets $ 2,139,700 $ 2,385,870 Lease liabilities: Accounts payable and accrued liabilities $ 490,696 $ 489,938 Other long-term liabilities 1,521,787 1,724,244 Total operating lease liabilities $ 2,012,483 $ 2,214,182

Revenue

Revenue	6 Months Ended
	Jun. 30, 2023
Revenue from Contract with Customer [Abstract]
Revenue	10. Revenue Operating Revenues We provide businesses with services to reuse, recycle, and dispose of a wide variety of waste streams and recyclables generated by their operations. Our service revenue is primarily generated from fees charged for the collection, transfer, processing and disposal of both solid waste and recyclable materials and from sales of recyclable materials. In addition, we have product sales and other revenue primarily from sales of products such as antifreeze and windshield washer fluid, as well as minor ancillary services. Revenue Recognition We recognize revenue as services are performed or products are delivered. For example, we recognize revenue as waste and recyclable material are collected or when products are delivered. We recognize revenue net of any contracted pricing discounts or rebate arrangements. We generally recognize revenue for the gross amount of consideration received as we are generally the primary obligor (or principal) in our contracts with customers as we hold complete responsibility to the customer for contract fulfillment. Depending on the key terms of the arrangement, which may include situations in which we are not primarily obligated, we do not have credit risk, or we determine amounts earned using fixed percentage or fixed fee schedules, we may record the revenue net of certain cost amounts. We had certain management fee contracts accounted for under the net basis method with net revenue of $ 85,418 and $ 139,656 for the three months ended June 30, 2023 and 2022, respectively . We had net revenue from management fee contracts accounted for under the net basis revenue method of $ 156,654 and $ 299,976 for the six months ended June 30, 2023 and 2022, respectively. We record amounts collected from customers for sales tax on a net basis. Disaggregation of Revenue The following table presents our revenue disaggregated by source. Two customers accounted for 29.9 % of revenue for the three months ended June 30, 2023 and one customer accounted for 15.9 % of revenue for the three months ended June 30, 2022 . Two customers accounted for 28.1 % of revenue for the six months ended June 30, 2023 and one customer accounted for 16.2 % of revenue for the six months ended June 30, 2022. We operate primarily in the United States, with minor services in Canada. Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 (Unaudited) (Unaudited) Revenue Type: Services $ 71,642,776 $ 74,317,692 $ 142,949,516 $ 143,039,300 Product sales and other 2,854,519 2,587,096 5,661,482 5,387,656 Total revenue $ 74,497,295 $ 76,904,788 $ 148,610,998 $ 148,426,956 Contract Balances Our incremental direct costs of obtaining a customer contract are generally deferred and amortized to selling, general, and administrative expense or as a reduction to revenue (depending on the nature of the cost) over the estimated life of the customer contract. We classify our contract acquisition costs as current or noncurrent based on the timing of when we expect to recognize the amortization and are included in other assets. As of June 30, 2023 and December 31, 2022, we had $ 466,667 and $ 566,667 of deferred contract costs, respectively. During the three months ended June 30, 2023 and 2022, we amortized $ 100,000 and $ 102,500 , respectively, of deferred contract costs to selling, general, and administrative expense. During the six months ended June 30, 2023 and 2022, we amortized $ 200,000 and $ 205,000 , respectively, of deferred contract costs to selling, general, and administrative expense. We bill certain customers in advance, and, accordingly, we defer recognition of related revenues as a contract liability until the services are provided and control is transferred to the customer. As of June 30, 2023 and December 31, 2022 , we had $ 2,681,516 and $ 2,731,350 , respectively, of deferred revenue which was classified in “Other current liabilities.”

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2023
Income Tax Disclosure [Abstract]
Income Taxes	11. Income Taxes Our statutory income tax rate is anticipated to be approximately 26 % . We had income tax expense of $ 539,283 and $ 327,391 for the six months ended June 30, 2023 and 2022 , respectively, which was attributable to state tax obligations for states with no net operating loss carryforwards, and the continuing reserve against the benefit of net operating loss carryforwards at the federal level. We compute income taxes using the asset and liability method in accordance with FASB ASC Topic 740, Income Taxes . Under the asset and liability method, we determine deferred income tax assets and liabilities based on the differences between the financial reporting and tax bases of assets and liabilities and measure them using currently enacted tax rates and laws. We provide a valuation allowance to reduce the amount of deferred tax assets that, based on available evidence, is more likely than not to be realized. Realization of our net operating loss carryforward was not reasonably assured as of June 30, 2023 and December 31, 2022, and we had recorded a valuation allowance of $ 15,408,000 and $ 13,999,000 , respectively, against deferred tax assets in excess of deferred tax liabilities in the accompanying condensed consolidated financial statements. As of June 30, 2023 and December 31, 2022, we had federal income tax net operating loss carryforwards of approximately $ 5,500,000 and $ 5,600,000 , respectively, which expire at various dates ranging from 2034 - 2037 .

Fair Value of Financial Instrum

Fair Value of Financial Instruments	6 Months Ended
	Jun. 30, 2023
Fair Value Disclosures [Abstract]
Fair Value of Financial Instruments	12. Fair Value of Financial Instruments Our financial instruments consist primarily of cash and cash equivalents, accounts receivable, accounts payable, accrued liabilities, deferred revenue, and notes payable. We do not believe that we are exposed to significant currency or credit risks arising from these financial instruments. Our variable rate indebtedness subjects us to interest rate risk as all of the borrowings under the senior secured credit facilities bear interest at variable rates. The fair values of our financial instruments approximate their carrying values, based on their short maturities or, for notes payable, based on borrowing rates currently available to us for loans with similar terms and maturities. Contingent liabilities are measured at fair value on a recurring basis. The fair value measurements are generally determined using unobservable inputs and are classified within Level 3 of the fair value hierarchy.

Stockholders' Equity

Stockholders' Equity	6 Months Ended
	Jun. 30, 2023
Equity [Abstract]
Stockholders' Equity	13. Stockholders’ Equity Preferred Stock – Our authorized preferred stock consists of 10,000,000 shares of preferred stock with a par value of $ 0.001 , of which no shares have been issued or are outstanding. Common Stock – Our authorized common stock consists of 200,000,000 shares of common stock with a par value of $ 0.001 , of which 19,782,060 and 19,696,006 shares were issued and outstanding as of June 30, 2023 and December 31, 2022, respectively. Employee Stock Purchase Plan – On September 17, 2014, our stockholders approved our 2014 Employee Stock Purchase Plan (as amended, the “ESPP”). On May 16, 2023, we issued 22,888 shares to employees for $ 107,002 under our ESPP for options that vested and were exercised. We recorded expense of $ 65,440 and $ 41,031 related to the ESPP for the six months ended June 30, 2023 and 2022, respectively. Warrants – The following table summarizes the warrants issued and outstanding as of June 30, 2023: Warrants Issued and Outstanding as of June 30, 2023 Date of Exercise Shares of Description Issuance Expiration Common Stock Exercisable Warrants 10/19/2020 3/19/2028 $ 1.50 500,000 Exercisable Warrants 10/19/2021 3/19/2028 $ 1.50 350,000 Total warrants issued and outstanding (Unaudited) 850,000 Stock Options – We recorded stock option expense of $ 490,159 and $ 379,168 for the six months ended June 30, 2023 and 2022 , respectively. The following table summarizes the stock option activity for the six months ended June 30, 2023: Stock Options Weighted- Exercise Average Number Price Per Exercise Price of Shares Share Per Share Outstanding at December 31, 2022 3,179,388 $ 1.17 — $ 23.20 $ 3.23 Granted 152,500 $ 5.50 $ 5.50 Exercised ( 63,166 ) $ 1.51 — $ 3.98 $ 1.83 Cancelled/Forfeited ( 22,083 ) $ 1.51 — $ 21.20 $ 13.87 Outstanding at June 30, 2023 (Unaudited) 3,246,639 $ 1.17 — $ 23.20 $ 3.29 Deferred Stock Units – Effective September 1, 2019, nonemployee directors can elect to receive all or a portion of their annual retainers in the form of deferred stock units (“DSUs”). The DSUs are recognized at their fair value on the date of grant. Each DSU represents the right to receive one share of our common stock following the completion of a director’s service. During the six months ended June 30, 2023, we granted 3,245 DSUs and recorded director compensation expense of $ 19,865 related to the grants. In addition, during the six months ended June 30, 2023, we granted 14,089 DSUs to executive employees and recorded compensation expense of $ 85,286 , which includes an accrual of anticipated bonus expense to be paid in DSUs for certain executive employees. During the six months ended June 30, 2022 , we granted 3,610 DSUs and recorded director compensation expense of $ 19,280 related to the grants. In addition, during the six months ended June 30, 2022 , we granted 8,170 DSUs to executive employees and recorded compensation expense of $ 146,053 , which includes an accrual of anticipated bonus expense to be paid in DSUs for certain executive employees. We had 228,749 and 211,415 DSUs outstanding at June 30, 2023 and December 31, 2022 , respectively.

Net Loss per Share

Net Loss per Share	6 Months Ended
	Jun. 30, 2023
Earnings Per Share [Abstract]
Net Loss per Share	14. Net Loss per Share We compute basic net loss per share using the weighted average number of shares of common stock outstanding plus the number of common stock equivalents for DSUs during the period. We compute diluted net income per share using the weighted average number of shares of common stock outstanding during the period, adjusted for the dilutive effect of common stock equivalents. In periods where losses are reported, the weighted average number of shares of common stock outstanding excludes common stock equivalents because their inclusion would be anti-dilutive. Dilutive potential common shares consist of the incremental common shares issuable upon the exercise of outstanding stock options and warrants. Dilutive potential securities are excluded from the computation of earnings per share if their effect is antidilutive. The dilutive effect of outstanding stock options and warrants is reflected in diluted earnings per share by application of the treasury stock method. The computation of basic and diluted net loss per share attributable to common stockholders is as follows: Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 (Unaudited) (Unaudited) Numerator: Net income (loss) applicable to common stockholders $ ( 886,581 ) $ 1,150,231 $ ( 2,910,634 ) $ ( 1,034,078 ) Denominator: Weighted average common shares outstanding, basic 19,962,031 19,278,730 19,946,954 19,261,775 Effect of dilutive common shares — 2,070,091 — — Weighted average common shares outstanding, diluted 19,962,031 21,348,821 19,946,954 19,261,775 Net income (loss) per share: Basic $ ( 0.04 ) $ 0.06 $ ( 0.15 ) $ ( 0.05 ) Diluted $ ( 0.04 ) $ 0.05 $ ( 0.15 ) $ ( 0.05 ) Anti-dilutive securities excluded from diluted net income (loss) per share: Stock options 323,657 638,157 323,657 375,657 Warrants — — — — Total anti-dilutive securities excluded from net income (loss) per share 323,657 638,157 323,657 375,657

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2023
Accounting Policies [Abstract]
Principles of Presentation and Consolidation	Principles of Presentation and Consolidation The condensed consolidated financial statements included herein have been prepared by us without audit pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”) and should be read in conjunction with our audited financial statements for the year ended December 31, 2022. Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) have been condensed or omitted as permitted by the SEC, although we believe the disclosures that are made are adequate to make the information presented herein not misleading. The accompanying condensed consolidated financial statements reflect, in our opinion, all normal recurring adjustments necessary to present fairly our financial position at June 30, 2023 and the results of our operations and cash flows for the periods presented. We derived the December 31, 2022 condensed consolidated balance sheet data from audited financial statements; however, we did not include all disclosures required by GAAP. As QRHC, Quest, LDI, Youchange, QVC, QV One, QSS, RWS, SSG, and Sequoia each operate as environmental-based service companies, we did not deem segment reporting necessary. All intercompany accounts and transactions have been eliminated in consolidation. Interim results are subject to seasonal variations, and the results of operations for the six months ended June 30, 2023 are not necessarily indicative of the results to be expected for the full year.
Recent Accounting Pronouncements	Recent Accounting Pronouncements In June 2016, the Financial Accounting Standards Board, (“FASB”) issued Accounting Standards Update (“ASU”) 2016-13, Financial Instruments – Credit Losses (Topic 326) , which provides guidance on measuring credit losses on financial instruments, including trade receivables. The amended guidance replaces current incurred loss impairment methodology of recognizing credit losses when a loss is probable with a new forward-looking approach to estimate expected credit losses. We adopted the new standard on January 1, 2023. The adoption of the new standard did not have a material impact on our condensed consolidated financial statements as pre-existing processes for estimating expected credit losses for trade receivables generally aligned with the expected credit loss model. There have been no other recent accounting pronouncements or changes in accounting pronouncements that have been issued but not yet adopted that are of significance, or potential significance, to us.

Accounts Receivable, Net of A_2

Accounts Receivable, Net of Allowance for Doubtful Accounts (Tables)	6 Months Ended
	Jun. 30, 2023
Receivables [Abstract]
Activity in Allowance for Doubtful Accounts of Trade Receivables	The following table reflects the activity in our allowance for doubtful accounts of trade receivables for the three and six months ended June 30, 2023 and 2022: Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 (Unaudited) (Unaudited) Beginning balance $ 2,274,540 $ 1,054,365 $ 2,176,010 $ 840,522 Bad debt expense 326,450 469,982 570,359 731,955 Uncollectible accounts written off, net of recoveries ( 505,043 ) 204,627 ( 650,422 ) 156,497 Ending balance $ 2,095,947 $ 1,728,974 $ 2,095,947 $ 1,728,974

Property and Equipment, Net, _2

Property and Equipment, Net, and Other Assets (Tables)	6 Months Ended
	Jun. 30, 2023
Property, Plant and Equipment [Abstract]
Components Property and Equipment, Net, and Other Assets	At June 30, 2023 and December 31, 2022, property and equipment, net, and other assets consisted of the following: June 30, December 31, 2023 2022 (Unaudited) Property and equipment, net of accumulated depreciation of $ 2,934,878 2,499,797 as of June 30, 2023 and December 31, 2022, respectively $ 2,348,579 $ 2,623,704 Right-of-use operating lease assets 2,139,700 2,385,870 Security deposits and other assets 601,887 901,653 Property and equipment, net, and other assets $ 5,090,166 $ 5,911,227

Goodwill and Other Intangible_2

Goodwill and Other Intangible Assets (Tables)	6 Months Ended
	Jun. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Finite-Lived Intangible Assets	The components of goodwill and other intangible assets were as follows: June 30, 2023 (Unaudited) Estimated Gross Carrying Accumulated Net Finite lived intangible assets: Customer relationships 5 years $ 39,250,000 $ 13,733,855 $ 25,516,145 Software 7 years 3,273,181 1,651,312 1,621,869 Trademarks 7 years 2,015,463 513,811 1,501,652 Non-compete agreements 3 years 2,250,000 1,216,945 1,033,055 Total finite lived intangible assets $ 46,788,644 $ 17,115,923 $ 29,672,721 December 31, 2022 Estimated Gross Carrying Accumulated Net Finite lived intangible assets: Customer relationships 5 years $ 39,250,000 $ 9,808,855 $ 29,441,145 Software 7 years 2,609,374 1,541,500 1,067,874 Trademarks 7 years 2,009,403 370,137 1,639,266 Non-compete agreements 3 years 2,250,000 841,945 1,408,055 Total finite lived intangible assets $ 46,118,777 $ 12,562,437 $ 33,556,340
Schedule of Indefinite-Lived Intangible Assets	June 30, 2023 (Unaudited) and December 31, 2022 Estimated Carrying Indefinite lived intangible asset: Goodwill Indefinite $ 84,258,206

Current Liabilities (Tables)

Current Liabilities (Tables)	6 Months Ended
	Jun. 30, 2023
Current Liabilities Disclosure [Abstract]
Components of Accounts Payable and Accrued Liabilities	The components of Accounts payable and accrued liabilities were as follows: June 30, December 31, 2023 2022 (Unaudited) Accounts payable $ 33,415,068 $ 28,744,858 Accrued taxes 856,144 331,936 Employee compensation 1,125,930 1,812,028 Operating lease liabilities - current portion 490,696 489,938 Miscellaneous 721,395 828,701 $ 36,609,233 $ 32,207,461
Components of Other Current Liabilities	The components of Other current liabilities were as follows: June 30, December 31, 2023 2022 (Unaudited) Deferred consideration - earn-out $ 680,502 1,957,255 Deferred revenue 2,681,516 2,731,350 $ 3,362,018 $ 4,688,605 We made a $ 1.2 million earn-out payment in the first quarter of 2023 related to an acquisition.

Notes Payable (Tables)

Notes Payable (Tables)	6 Months Ended
	Jun. 30, 2023
Debt Disclosure [Abstract]
Schedule of Debt Obligations	Our debt obligations were as follows: Interest June 30, December 31, Rate (1) 2023 2022 (Unaudited) Monroe Term Loan (2) 12.27 % $ 55,811,656 $ 61,073,151 Green Remedies Promissory Note (3) 3.00 % 1,369,545 1,637,970 PNC ABL Facility (4) 7.54 % 5,479,025 12,238,034 Total notes payable 62,660,226 74,949,155 Less: Current portion of long-term debt ( 1,158,800 ) ( 1,158,800 ) Less: Unamortized debt issuance costs ( 1,734,027 ) ( 2,122,715 ) Less: Unamortized OID ( 237,218 ) ( 288,643 ) Less: Unamortized OID warrant ( 662,629 ) ( 806,106 ) Notes payable, net $ 58,867,552 $ 70,572,891 (1) Interest rates as of June 30, 2023 (2) Bears interest based on SOFR plus Applicable Margin ranging from 5.5 % to 7.5 % (3) Stated interest rate of 3.0 %, discounted cash flow rate of 13 % (4) Bears interest based on SOFR plus a margin ranging from 1.75 % to 2.25 %
Schedule of Changes in Debt Issuance Costs	The table below summarizes changes in debt issuance costs. June 30, 2023 Debt issuance costs, net of accumulated amortization Balance at December 31, 2022 $ 2,122,715 Less: Amortization expense ( 388,688 ) Balance at June 30, 2023 (Unaudited) $ 1,734,027

Leases (Tables)

Leases (Tables)	6 Months Ended
	Jun. 30, 2023
Lessee Disclosure [Abstract]
Future Minimum Lease Payments Required Under Office Leases	The future minimum lease payments required under our office leases as of June 30, 2023 are as follows: Amount 2023 $ 294,869 2024 573,965 2025 495,161 2026 484,441 2027 387,909 Total lease payments 2,236,345 Less: Interest ( 223,862 ) Present value of lease liabilities $ 2,012,483
Summary of Lease Related Assets and Liabilities Recorded on Balance Sheet	The table below presents the lease related assets and liabilities recorded on the balance sheet. Right-of-use assets and related liabilities related to finance leases at June 30, 2023 are de minimis. June 30, December 31, 2023 2022 Operating leases: (Unaudited) Right-of-use operating lease assets: Property and equipment, net and other assets $ 2,139,700 $ 2,385,870 Lease liabilities: Accounts payable and accrued liabilities $ 490,696 $ 489,938 Other long-term liabilities 1,521,787 1,724,244 Total operating lease liabilities $ 2,012,483 $ 2,214,182

Revenue (Tables)

Revenue (Tables)	6 Months Ended
	Jun. 30, 2023
Revenue from Contract with Customer [Abstract]
Summary of Revenue Disaggregated by Source	The following table presents our revenue disaggregated by source. Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 (Unaudited) (Unaudited) Revenue Type: Services $ 71,642,776 $ 74,317,692 $ 142,949,516 $ 143,039,300 Product sales and other 2,854,519 2,587,096 5,661,482 5,387,656 Total revenue $ 74,497,295 $ 76,904,788 $ 148,610,998 $ 148,426,956

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)	6 Months Ended
	Jun. 30, 2023
Summary of Warrant Activity	The following table summarizes the warrants issued and outstanding as of June 30, 2023: Warrants Issued and Outstanding as of June 30, 2023 Date of Exercise Shares of Description Issuance Expiration Common Stock Exercisable Warrants 10/19/2020 3/19/2028 $ 1.50 500,000 Exercisable Warrants 10/19/2021 3/19/2028 $ 1.50 350,000 Total warrants issued and outstanding (Unaudited) 850,000
Summary of Stock Option Activity	The following table summarizes the stock option activity for the six months ended June 30, 2023: Stock Options Weighted- Exercise Average Number Price Per Exercise Price of Shares Share Per Share Outstanding at December 31, 2022 3,179,388 $ 1.17 — $ 23.20 $ 3.23 Granted 152,500 $ 5.50 $ 5.50 Exercised ( 63,166 ) $ 1.51 — $ 3.98 $ 1.83 Cancelled/Forfeited ( 22,083 ) $ 1.51 — $ 21.20 $ 13.87 Outstanding at June 30, 2023 (Unaudited) 3,246,639 $ 1.17 — $ 23.20 $ 3.29

Net Loss per Share (Tables)

Net Loss per Share (Tables)	6 Months Ended
	Jun. 30, 2023
Earnings Per Share [Abstract]
Computation of Basic and Diluted Net Loss per Share Attributable to Common Stockholders	The computation of basic and diluted net loss per share attributable to common stockholders is as follows: Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 (Unaudited) (Unaudited) Numerator: Net income (loss) applicable to common stockholders $ ( 886,581 ) $ 1,150,231 $ ( 2,910,634 ) $ ( 1,034,078 ) Denominator: Weighted average common shares outstanding, basic 19,962,031 19,278,730 19,946,954 19,261,775 Effect of dilutive common shares — 2,070,091 — — Weighted average common shares outstanding, diluted 19,962,031 21,348,821 19,946,954 19,261,775 Net income (loss) per share: Basic $ ( 0.04 ) $ 0.06 $ ( 0.15 ) $ ( 0.05 ) Diluted $ ( 0.04 ) $ 0.05 $ ( 0.15 ) $ ( 0.05 ) Anti-dilutive securities excluded from diluted net income (loss) per share: Stock options 323,657 638,157 323,657 375,657 Warrants — — — — Total anti-dilutive securities excluded from net income (loss) per share 323,657 638,157 323,657 375,657

Acquisitions - Additional Infor

Acquisitions - Additional Information (Detail) - USD ($)		6 Months Ended
	Feb. 10, 2022	Jun. 30, 2022
Business Acquisition [Line Items]
Cash consideration		$ 3,137,758
Independent Environmental Services Company [Member]
Business Acquisition [Line Items]
Cash consideration	$ 3,350,000

Accounts Receivable, Net of A_3

Accounts Receivable, Net of Allowance for Doubtful Accounts - Activity in Allowance for Doubtful Accounts of Trade Receivables (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Receivables [Abstract]
Beginning balance	$ 2,274,540	$ 1,054,365	$ 2,176,010	$ 840,522
Bad debt expense	326,450	469,982	570,359	731,955
Uncollectible accounts written off, net of recoveries	(505,043)	204,627	(650,422)	156,497
Ending balance	$ 2,095,947	$ 1,728,974	$ 2,095,947	$ 1,728,974

Property and Equipment, Net, _3

Property and Equipment, Net, and Other Assets - Components of Property and Equipment, Net, and Other Assets (Detail) - USD ($)	Jun. 30, 2023	Dec. 31, 2022
Property And Equipment Net And Other Assets [Abstract]
Property and equipment, net of accumulated depreciation of $2,934,878 and $2,499,797 as of June 30, 2023 and December 31, 2022, respectively	$ 2,348,579	$ 2,623,704
Right-of-use operating lease assets	2,139,700	2,385,870
Security deposits and other assets	601,887	901,653
Property and equipment, net, and other assets	$ 5,090,166	$ 5,911,227

Property and Equipment, Net, _4

Property and Equipment, Net, and Other Assets - Components of Property and Equipment, Net, and Other Assets (Parenthetical) (Detail) - USD ($)	Jun. 30, 2023	Dec. 31, 2022
Property And Equipment Net And Other Assets [Abstract]
Accumulated depreciation, Property and equipment	$ 2,934,878	$ 2,499,797

Property and Equipment, Net, _5

Property and Equipment, Net, and Other Assets - Additional Information (Detail) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Property And Equipment Net And Other Assets [Line Items]
Depreciation	$ 256,291	$ 196,820	$ 494,453	$ 370,393
Service [Member]
Property And Equipment Net And Other Assets [Line Items]
Depreciation reflected in cost of revenue	$ 86,714	$ 79,588	$ 170,837	$ 151,936

Goodwill and Other Intangible_3

Goodwill and Other Intangible Assets - Schedule of Finite-Lived Intangible Assets (Detail) - USD ($)	Jun. 30, 2023	Dec. 31, 2022
Finite Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 46,788,644	$ 46,118,777
Accumulated Amortization	17,115,923	12,562,437
Goodwill	84,258,206	84,258,206
Net	$ 29,672,721	$ 33,556,340
Customer Relationships [Member]
Finite Lived Intangible Assets [Line Items]
Estimated Useful Life	5 years	5 years
Gross Carrying Amount	$ 39,250,000	$ 39,250,000
Accumulated Amortization	13,733,855	9,808,855
Net	$ 25,516,145	$ 29,441,145
Software [Member]
Finite Lived Intangible Assets [Line Items]
Estimated Useful Life	7 years	7 years
Gross Carrying Amount	$ 3,273,181	$ 2,609,374
Accumulated Amortization	1,651,312	1,541,500
Net	$ 1,621,869	$ 1,067,874
Trademarks [Member]
Finite Lived Intangible Assets [Line Items]
Estimated Useful Life	7 years	7 years
Gross Carrying Amount	$ 2,015,463	$ 2,009,403
Accumulated Amortization	513,811	370,137
Net	$ 1,501,652	$ 1,639,266
Non-compete Agreements [Member]
Finite Lived Intangible Assets [Line Items]
Estimated Useful Life	3 years	3 years
Gross Carrying Amount	$ 2,250,000	$ 2,250,000
Accumulated Amortization	1,216,945	841,945
Net	$ 1,033,055	$ 1,408,055

Goodwill and Other Intangible_4

Goodwill and Other Intangible Assets - Schedule of Indefinite-Lived Intangible Assets (Detail) - Goodwill [Member] - USD ($)	6 Months Ended	12 Months Ended
	Jun. 30, 2023	Dec. 31, 2022
Indefinite-Lived Intangible Assets [Line Items]
Indefinite lived intangible asset, estimated useful life	Indefinite	Indefinite
Indefinite lived intangible asset, carrying amount	$ 84,258,206	$ 84,258,206

Goodwill and Other Intangible_5

Goodwill and Other Intangible Assets - Additional Information (Detail) - USD ($)	3 Months Ended			6 Months Ended
	Jun. 30, 2023	Sep. 30, 2022	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022
Goodwill And Intangible Assets Disclosure [Abstract]
Amortization of intangibles	$ 2,300,000		$ 2,400,000	$ 4,553,486	$ 4,616,795
Indefinite-lived intangible assets other than goodwill				0
Goodwill	84,258,206			84,258,206		$ 84,258,206
Impairment of goodwill		$ 0
Not Deductible for Tax Purposes [Member]
Goodwill And Intangible Assets Disclosure [Abstract]
Goodwill	69,200,000			69,200,000
Deductible for Tax Purposes [Member]
Goodwill And Intangible Assets Disclosure [Abstract]
Goodwill	$ 15,000,000			$ 15,000,000

Current Liabilities - Component

Current Liabilities - Components of Accounts Payable and Accrued Liabilities (Detail) - USD ($)	Jun. 30, 2023	Dec. 31, 2022
Accounts Payable and Accrued Liabilities, Current [Abstract]
Accounts payable	$ 33,415,068	$ 28,744,858
Accrued taxes	856,144	331,936
Employee compensation	1,125,930	1,812,028
Operating lease liabilities - current portion	490,696	489,938
Miscellaneous	721,395	828,701
Accounts payable and accrued liabilities	$ 36,609,233	$ 32,207,461

Current Liabilities - Compone_2

Current Liabilities - Components of Other Current Liabilities (Detail) - USD ($)	Jun. 30, 2023	Dec. 31, 2022
Other Liabilities, Current [Abstract]
Deferred consideration - earn-out	$ 680,502	$ 1,957,255
Deferred revenue	2,681,516	2,731,350
Other current liabilities	$ 3,362,018	$ 4,688,605

Current Liabilities - Additiona

Current Liabilities - Additional Information (Detail) $ in Millions	Mar. 31, 2023 USD ($)
Other Acquisitions [Member]
Business Acquisition [Line Items]
Earn-out liability, current	$ 1.2

Notes Payable - Schedule of Deb

Notes Payable - Schedule of Debt Obligations (Detail) - USD ($)	6 Months Ended
	Jun. 30, 2023	Dec. 31, 2022
Debt Instrument [Line Items]
Total notes payable	$ 62,660,226	$ 74,949,155
Less: Current portion of long-term debt	(1,158,800)	(1,158,800)
Less: Unamortized debt issuance costs	(1,734,027)	(2,122,715)
Less: Unamortized OID	(237,218)	(288,643)
Less: Unamortized OID warrant	(662,629)	(806,106)
Notes payable, net	$ 58,867,552	70,572,891
Monroe Term Loan [Member]
Debt Instrument [Line Items]
Interest Rate	12.27%
Total notes payable	$ 55,811,656	61,073,151
Green Remedies Promissory Note [Member]
Debt Instrument [Line Items]
Interest Rate	3%
Total notes payable	$ 1,369,545	1,637,970
PNC ABL Facility [Member]
Debt Instrument [Line Items]
Interest Rate	7.54%
Total notes payable	$ 5,479,025	$ 12,238,034

Notes Payable - Schedule of D_2

Notes Payable - Schedule of Debt Obligations (Parenthetical) (Detail)	6 Months Ended
	Jun. 30, 2023	Oct. 19, 2020
Debt Instrument [Line Items]
Debt instrument stated interest rate		3%
Green Remedies Promissory Note [Member] | LIBOR [Member]
Debt Instrument [Line Items]
Debt instrument stated interest rate	3%
Discounted cash flow rate	13%
Minimum [Member] | Monroe Term Loan [Member]
Debt Instrument [Line Items]
Debt instrument interest rate	5.50%
Minimum [Member] | PNC ABL Facility [Member]
Debt Instrument [Line Items]
Debt instrument interest rate	1.75%
Maximum [Member] | Monroe Term Loan [Member]
Debt Instrument [Line Items]
Debt instrument interest rate	7.50%
Maximum [Member] | PNC ABL Facility [Member]
Debt Instrument [Line Items]
Debt instrument interest rate	2.25%

Notes Payable - Schedule of Cha

Notes Payable - Schedule of Changes in Debt Issuance Costs (Detail)	6 Months Ended
	Jun. 30, 2023 USD ($)
Debt Disclosure [Abstract]
Balance at December 31, 2022	$ 2,122,715
Less: Amortization expense	(388,688)
Balance at June 30, 2023 (Unaudited)	$ 1,734,027

Notes Payable - Additional Info

Notes Payable - Additional Information (Detail) - USD ($)			3 Months Ended		6 Months Ended		12 Months Ended
	Oct. 19, 2020	Aug. 05, 2020	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2022	Oct. 31, 2020
Debt Instrument [Line Items]
Aggregate principal amount	$ 2,684,250
Debt instrument annual interest rate	3%
Interest expense related to borrowings			$ 2,073,078	$ 1,286,412	$ 4,029,167	$ 2,519,731
Unamortized portion of debt discount			1,734,027		1,734,027				$ 2,122,715
Interest expense related to amortization of debt issuance fees, and debt discount costs, interest related to vendor supply chain financing programs			483,025	$ 302,415	969,963	$ 625,681
Borrowings			62,660,226		62,660,226				$ 74,949,155
Monroe Capital Credit Agreement [Member]
Debt Instrument [Line Items]
Debt discounts							$ 536,000	$ 766,000
Monroe Capital Credit Agreement [Member] | Equity Offering [Member]
Debt Instrument [Line Items]
Sale of stock, number of shares issued in transaction	500,000						350,000	500,000
Warrant issued	350,000
Price per warrant	$ 1.5
Warrant expiration date	Mar. 19, 2028
Minimum net proceeds receivable by warrant holders	$ 1,000,000
Monroe Capital Credit Agreement [Member] | Senior Secured Term Loan [Member]
Debt Instrument [Line Items]
Debt instrument maturity date	Oct. 19, 2025
Revolving credit current borrowing facility										$ 11,500,000
Percentage of original principal amount	1%
Revolving credit current borrowing facility, outstanding			55,800,000		55,800,000
Maximum [Member] | Monroe Capital Credit Agreement [Member] | Accordion Term Loan Facility [Member]
Debt Instrument [Line Items]
Revolving credit facility maximum principal amount	$ 5,300,000
ABL Facility [Member]
Debt Instrument [Line Items]
Revolving credit facility maximum principal amount		$ 25,000,000
Sublimit for issuance of letters of credit, percentage		10%
Debt instrument maturity date		Apr. 19, 2025
Revolving credit facility, increase (decrease)		$ 10,000,000
Revolving credit current borrowing facility			20,537,536		20,537,536
Revolving credit current borrowing facility, outstanding			5,479,025		5,479,025
Borrowings			$ 0		$ 0
ABL Facility [Member] | SOFR [Member]
Debt Instrument [Line Items]
Debt instrument interest rate			7.54%		7.54%
ABL Facility [Member] | Minimum [Member] | Base Rate [Member]
Debt Instrument [Line Items]
Debt instrument interest rate			0.75%		0.75%
ABL Facility [Member] | Minimum [Member] | SOFR [Member]
Debt Instrument [Line Items]
Debt instrument interest rate					1.75%
ABL Facility [Member] | Maximum [Member] | Base Rate [Member]
Debt Instrument [Line Items]
Debt instrument interest rate			1.25%		1.25%
ABL Facility [Member] | Maximum [Member] | SOFR [Member]
Debt Instrument [Line Items]
Debt instrument interest rate					2.25%
Equipment Loan Facility [Member]
Debt Instrument [Line Items]
Revolving credit facility maximum principal amount		$ 2,000,000
Debt instrument maturity date		Apr. 19, 2025
Revolving credit current borrowing facility			$ 0		$ 0
Equipment Loan Facility [Member] | Base Rate [Member]
Debt Instrument [Line Items]
Debt instrument interest rate		1.75%
Equipment Loan Facility [Member] | SOFR [Member]
Debt Instrument [Line Items]
Debt instrument interest rate		2.75%

Leases - Additional Information

Leases - Additional Information (Detail) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Lessee Lease Description [Line Items]
Fixed cost operating lease expense	$ 185,000	$ 215,000	$ 375,000	$ 460,000

Leases - Future Minimum Lease P

Leases - Future Minimum Lease Payments Required Under Office Lease (Detail) - USD ($)	Jun. 30, 2023	Dec. 31, 2022
Lessee, Operating Lease, Liability, to be Paid, Fiscal Year Maturity [Abstract]
2023	$ 294,869
2024	573,965
2025	495,161
2026	484,441
2027	387,909
Total lease payments	2,236,345
Less: Interest	(223,862)
Operating Lease, Liability	$ 2,012,483	$ 2,214,182

Leases - Summary of Lease Relat

Leases - Summary of Lease Related Assets and Liabilities Recorded on Balance Sheet (Detail) - USD ($)	Jun. 30, 2023	Dec. 31, 2022
Assets and Liabilities, Lessee [Abstract]
Right-of-use operating lease assets	$ 2,139,700	$ 2,385,870
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration]	Property Plant And Equipment Net Including Deposits Assets Noncurrent	Property Plant And Equipment Net Including Deposits Assets Noncurrent
Operating lease liabilities - current portion	$ 490,696	$ 489,938
Operating Lease, Liability, Current, Statement of Financial Position [Extensible List]	Accounts payable and accrued liabilities	Accounts payable and accrued liabilities
Operating lease liability - long-term portion	$ 1,521,787	$ 1,724,244
Operating Lease, Liability, Noncurrent, Statement of Financial Position [Extensible List]	Other long-term liabilities	Other long-term liabilities
Total operating lease liabilities	$ 2,012,483	$ 2,214,182

Revenue - Additional Informatio

Revenue - Additional Information (Detail)	3 Months Ended		6 Months Ended
	Jun. 30, 2023 USD ($) Customer	Jun. 30, 2022 USD ($) Customer	Jun. 30, 2023 USD ($) Customer	Jun. 30, 2022 USD ($) Customer	Dec. 31, 2022 USD ($)
Revenue Recognition [Line Items]
Revenue	$ 74,497,295	$ 76,904,788	$ 148,610,998	$ 148,426,956
Number of customer | Customer	2	1	2	1
Deferred contract costs	$ 466,667		$ 466,667		$ 566,667
Deferred revenue	2,681,516		2,681,516		$ 2,731,350
Management Fee [Member]
Revenue Recognition [Line Items]
Revenue	85,418	$ 139,656	156,654	$ 299,976
Selling, General and Administrative Expense [Member]
Revenue Recognition [Line Items]
Amortized deferred contract costs	$ 100,000	$ 102,500	$ 200,000	$ 205,000
Customer Concentration Risk [Member] | Sales Revenue Net [Member] | Customers [Member]
Revenue Recognition [Line Items]
Percentage of revenue	29.90%	15.90%	28.10%	16.20%

Revenue - Summary of Revenue Di

Revenue - Summary of Revenue Disaggregated by Source (Detail) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Disaggregation Of Revenue [Line Items]
Total revenue	$ 74,497,295	$ 76,904,788	$ 148,610,998	$ 148,426,956
Services [Member]
Disaggregation Of Revenue [Line Items]
Total revenue	71,642,776	74,317,692	142,949,516	143,039,300
Product Sales and Other [Member]
Disaggregation Of Revenue [Line Items]
Total revenue	$ 2,854,519	$ 2,587,096	$ 5,661,482	$ 5,387,656

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022
Income Tax [Line Items]
Income tax expense	$ 170,779	$ 160,576	$ 539,283	$ 327,391
Federal corporate income tax rate			26%
Valuation allowance	15,408,000		$ 15,408,000		$ 13,999,000
Federal income tax net operating loss carry forward	5,500,000		$ 5,500,000		$ 5,600,000
Minimum [Member]
Income Tax [Line Items]
Net operating loss carry forwards expiration beginning year			2034
Maximum [Member]
Income Tax [Line Items]
Net operating loss carry forwards expiration ending year			2037
State [Member]
Income Tax [Line Items]
Operating loss carryforwards	$ 0		$ 0

Stockholders' Equity - Addition

Stockholders' Equity - Additional Information (Detail) - $ / shares	Jun. 30, 2023	Dec. 31, 2022
Equity [Abstract]
Preferred stock, shares authorized	10,000,000	10,000,000
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, shares authorized	200,000,000	200,000,000
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares issued	19,782,060	19,696,006
Common stock, shares outstanding	19,782,060	19,696,006

Stockholders' Equity - Additi_2

Stockholders' Equity - Additional Information - Employee Stock Purchase Plan (Detail) - USD ($)		3 Months Ended		6 Months Ended
	May 16, 2023	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Equity [Abstract]
Shares issued for employee stock purchase plans options, shares	22,888
Shares issued for employee stock purchase plans options	$ 107,002	$ 107,002	$ 76,666
Employee stock purchase plan expense				$ 65,440	$ 41,031

Stockholders' Equity - Summary

Stockholders' Equity - Summary of Warrants Issued and Outstanding (Detail)	6 Months Ended
	Jun. 30, 2023 $ / shares shares
Class Of Warrant Or Right [Line Items]
Shares of Common Stock	850,000
Exercisable Warrants [Member] | Warrants One [Member]
Class Of Warrant Or Right [Line Items]
Date of Issuance	Oct. 19, 2020
Warrant expiration date	Mar. 19, 2028
Price per warrant | $ / shares	$ 1.5
Shares of Common Stock	500,000
Exercisable Warrants [Member] | Warrants Two [Member]
Class Of Warrant Or Right [Line Items]
Date of Issuance	Oct. 19, 2021
Warrant expiration date	Mar. 19, 2028
Price per warrant | $ / shares	$ 1.5
Shares of Common Stock	350,000

Stockholders' Equity - Additi_3

Stockholders' Equity - Additional Information - Stock Options (Detail) - USD ($)	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Equity [Abstract]
Stock options expense	$ 490,159	$ 379,168

Stockholders' Equity - Summar_2

Stockholders' Equity - Summary of Stock Option Activity (Detail) - $ / shares	6 Months Ended	12 Months Ended
	Jun. 30, 2023	Dec. 31, 2022
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Outstanding Beginning Balance, Number of Shares	3,179,388
Granted, Number of Shares	152,500
Exercised, Number of Shares	(63,166)
Canceled/Forfeited, Number of Shares	(22,083)
Outstanding Ending Balance, Number of Shares	3,246,639	3,179,388
Outstanding Beginning Balance, Weighted-Average Exercise Price Per Share	$ 3.23
Granted, Weighted-Average Exercise Price Per Share	5.5
Exercised, Weighted-Average Exercise Price Per Share	1.83
Cancelled/Forfeited, Weighted-Average Exercise Price Per Share	13.87
Outstanding Ending Balance, Weighted-Average Exercise Price Per Share	3.29	$ 3.23
Outstanding, $1.17 - $23.20 [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Exercise Price Per Share, Minimum		1.17
Exercise Price Per Share, Maximum		$ 23.2
Granted, $5.50 [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Exercise Price Per Share, Maximum	5.5
Exercised, $1.51 - $3.98 [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Exercise Price Per Share, Minimum	1.51
Exercise Price Per Share, Maximum	3.98
Canceled/Forfeited, $1.51 - $21.20 [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Exercise Price Per Share, Minimum	1.51
Exercise Price Per Share, Maximum	21.2
Outstanding, $1.17 - $23.20 [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Exercise Price Per Share, Minimum	1.17
Exercise Price Per Share, Maximum	$ 23.2

Stockholders' Equity - Additi_4

Stockholders' Equity - Additional Information - Deferred Stock Units (Detail) - Deferred Stock Units [Member] - USD ($)	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022	Sep. 01, 2019
Schedule Of Stockholders Equity [Line Items]
Number of stock unit received				1
Deferred stock units	3,245	3,610
Compensation expense related to grants	$ 85,286
DSUs outstanding	228,749		211,415
Director [Member]
Schedule Of Stockholders Equity [Line Items]
Compensation expense related to grants	$ 19,865	$ 19,280
Executive Employees [Member]
Schedule Of Stockholders Equity [Line Items]
Deferred stock units	14,089	8,170
Compensation expense related to grants		$ 146,053

Net Loss per Share - Computatio

Net Loss per Share - Computation of Basic and Diluted Net Loss per Share Attributable to Common Stockholders (Detail) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Numerator:
Net income (loss) applicable to common stockholders	$ (886,581)	$ 1,150,231	$ (2,910,634)	$ (1,034,078)
Denominator:
Weighted average common shares outstanding, basic	19,962,031	19,278,730	19,946,954	19,261,775
Effect of dilutive common shares		2,070,091
Weighted average common shares outstanding, diluted	19,962,031	21,348,821	19,946,954	19,261,775
Net income (loss) per share applicable to common shareholders
Basic	$ (0.04)	$ 0.06	$ (0.15)	$ (0.05)
Diluted	$ (0.04)	$ 0.05	$ (0.15)	$ (0.05)
Anti-dilutive securities excluded from diluted net income (loss) per share:
Anti-dilutive securities excluded from diluted net income (loss) per share	323,657	638,157	323,657	375,657
Stock options [Member]
Anti-dilutive securities excluded from diluted net income (loss) per share:
Anti-dilutive securities excluded from diluted net income (loss) per share	323,657	638,157	323,657	375,657