Quest Resource Holding (QRHC) 10-K 12 Mar 24 2023 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2023	Mar. 01, 2024	Jun. 30, 2023
Cover [Abstract]
Document Type	10-K
Amendment Flag	false
Document Period End Date	Dec. 31, 2023
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	FY
Trading Symbol	QRHC
Entity Registrant Name	Quest Resource Holding Corporation
Entity Central Index Key	0001442236
Current Fiscal Year End Date	--12-31
Entity Filer Category	Accelerated Filer
Entity Shell Company	false
Entity Small Business	true
Document Financial Statement Error Correction [Flag]	false
Entity Emerging Growth Company	false
Entity Well-known Seasoned Issuer	No
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Common Stock, Shares Outstanding		20,171,400
Entity Public Float			$ 76,669,841
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, par value $.001 per share
Entity Incorporation, State or Country Code	NV
Security Exchange Name	NASDAQ
Document Annual Report	true
Document Transition Report	false
ICFR Auditor Attestation Flag	false
Auditor Firm ID	178
Auditor Name	Semple, Marchal and Cooper, LLP
Auditor Location	Phoenix, Arizona

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Current assets:
Cash and cash equivalents	$ 324,014	$ 9,563,709
Accounts receivable, less allowance for doubtful accounts of $1,581,595 and $2,176,010 as of December 31, 2023 and 2022, respectively	58,147,058	45,891,144
Prepaid expenses and other current assets	2,142,071	2,310,423
Total current assets	60,613,143	57,765,276
Goodwill	85,828,238	84,258,206
Intangible assets, net	26,051,428	33,556,340
Property and equipment, net, and other assets	4,626,090	5,911,227
Total assets	177,118,899	181,491,049
Current liabilities:
Accounts payable and accrued liabilities	41,296,166	32,207,461
Other current liabilities	2,469,690	4,688,605
Current portion of notes payable	1,158,800	1,158,800
Total current liabilities	44,924,656	38,054,866
Notes payable, net	64,638,180	70,572,891
Other long-term liabilities	1,274,691	1,724,244
Total liabilities	110,837,527	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 December 31, 2023 and 2022
Common stock, $0.001 par value, 200,000,000 shares authorized, 20,161,400 and 19,696,006 shares issued and outstanding as of December 31, 2023 and 2022, respectively	20,161	19,696
Additional paid-in capital	176,309,463	173,876,319
Accumulated deficit	(110,048,252)	(102,756,967)
Total stockholders’ equity	66,281,372	71,139,048
Total liabilities and stockholders’ equity	$ 177,118,899	$ 181,491,049

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($)	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Statement of Financial Position [Abstract]
Allowance for doubtful accounts receivable	$ 1,581,595	$ 2,176,010	$ 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	20,161,400	19,696,006
Common stock, shares outstanding	20,161,400	19,696,006

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Income Statement [Abstract]
Revenue	$ 288,377,652	$ 284,037,823
Cost of revenue	238,312,950	235,182,337
Gross profit	50,064,702	48,855,486
Operating expenses:
Selling, general, and administrative	37,669,419	37,800,161
Depreciation and amortization	9,570,538	9,649,966
Total operating expenses	47,239,957	47,450,127
Operating income	2,824,745	1,405,359
Interest expense	(9,729,098)	(7,280,741)
Loss before taxes	(6,904,353)	(5,875,382)
Income tax expense	386,932	172,604
Net loss	$ (7,291,285)	$ (6,047,986)
Net loss per share applicable to common shareholders
Basic	$ (0.36)	$ (0.31)
Diluted	$ (0.36)	$ (0.31)
Weighted average number of common shares outstanding
Basic	20,123,221	19,473,786
Diluted	20,123,221	19,473,786

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY - 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	1,283,568		1,283,568
Release of deferred stock units		$ 29	(29)
Release of deferred stock units, Shares		28,650
Shares issued for Employee Stock Purchase Plan options	$ 176,742	$ 41	176,701
Shares issued for Employee Stock Purchase Plan options, Shares	40,851	40,851
Sale of common stock, net of issuance costs	$ 756,335	$ 414	755,921
Sale of common stock, net of issuance costs, shares		414,001
Stock issued for seller consideration	1,342,125	$ 166	1,341,959
Stock issued for seller consideration, Shares		166,516
Net loss	(6,047,986)			(6,047,986)
Ending Balance at Dec. 31, 2022	71,139,048	$ 19,696	173,876,319	(102,756,967)
Ending Balance, Shares at Dec. 31, 2022		19,696,006
Stock-based compensation	1,312,393		1,312,393
Shares issued for Employee Stock Purchase Plan options	$ 224,439	$ 47	224,392
Shares issued for Employee Stock Purchase Plan options, Shares	46,916	46,916
Stock option and warrant exercises	$ 896,777	$ 418	896,359
Stock option and warrant exercises, Shares		418,478
Net loss	(7,291,285)			(7,291,285)
Ending Balance at Dec. 31, 2023	$ 66,281,372	$ 20,161	$ 176,309,463	$ (110,048,252)
Ending Balance, Shares at Dec. 31, 2023		20,161,400

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Cash flows from operating activities:
Net loss	$ (7,291,285)	$ (6,047,986)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation	805,821	744,858
Amortization of intangibles	9,142,590	9,221,513
Amortization of debt issuance costs and discounts	1,167,179	1,278,092
Provision for doubtful accounts	1,746,877	1,737,169
Stock-based compensation	1,312,393	1,283,568
Changes in operating assets and liabilities:
Accounts receivable	(13,712,192)	(4,175,117)
Prepaid expenses and other current assets	168,352	(355,221)
Security deposits and other assets	194,341	(389,867)
Accounts payable and accrued liabilities	7,279,608	(5,310,484)
Other liabilities	(2,176,027)	(326,929)
Net cash used in operating activities	(1,362,343)	(2,340,404)
Cash flows from investing activities:
Purchase of property and equipment	(259,000)	(836,043)
Purchase of intangible assets	(1,637,678)	(858,913)
Acquisitions, net of cash acquired		(2,636,127)
Net cash used in investing activities	(1,896,678)	(4,331,083)
Cash flows from financing activities:
Proceeds from credit facilities	91,418,447	80,550,435
Repayments of credit facilities	(90,410,992)	(75,547,138)
Proceeds from long-term debt		3,500,000
Repayments of long-term debt	(8,109,345)	(1,414,486)
Debt issuance costs		(214,550)
Proceeds from stock option exercises	896,777	756,335
Proceeds from shares issued for Employee Stock Purchase Plan	224,439	176,742
Net cash provided by (used in) financing activities	(5,980,674)	7,807,338
Net increase (decrease) in cash and cash equivalents	(9,239,695)	1,135,851
Cash and cash equivalents at beginning of period	9,563,709	8,427,858
Cash and cash equivalents at end of period	$ 324,014	$ 9,563,709

The Company and Description of

The Company and Description of Business	12 Months Ended
	Dec. 31, 2023
Accounting Policies [Abstract]
The Company and Description of Business	1. The Company and Description of Business The accompanying 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,” or “our company”). The subsidiaries RWS Facility Services, LLC (“RWS”), Sustainable Solutions Group, LLC (“SSG”), and Sequoia Waste Management Solutions, LLC (“Sequoia”) were merged into Quest in 2023 and were subsequently dissolved as separate legal entities. 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. Our principal office is located in The Colony, Texas within the Dallas metroplex. 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 acquisition.

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2023
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	2. Summary of Significant Accounting Policies Principles of Presentation and Consolidation The consolidated financial statements included herein have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) and pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”). The accompanying consolidated financial statements include the operating activity of QRHC and its subsidiaries for the years ended December 31, 2023 and 2022. As Quest, LDI, Youchange, QVC, QV One, and QSS each operate as environmental-based service companies, we did not deem segment reporting necessary. Accounting Estimates The preparation of financial statements in conformity with GAAP requires us to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could materially differ from those estimates. We use estimates when accounting for the carrying amounts of accounts receivable, goodwill and other intangible assets, deferred taxes, and the fair value of assets and liabilities acquired in business acquisitions and stock-based compensation expense, all of which are discussed in their respective notes to the consolidated financial statements. 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. In situations in which we are not primarily obligated, we do not have credit risk, or we determine amounts earned using fixed percentage payment schedules, we record the revenue net of certain cost amounts. We record amounts collected from customers for sales tax on a net basis. Cash and Cash Equivalents We consider all highly liquid instruments with a maturity of three months or less when purchased to be cash equivalents. Accounts Receivable 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. As of December 31, 2023 and 2022, we had established an allowance of $ 1,581,595 and $ 2,176,010 , respectively, for potentially uncollectible accounts receivable. We record delinquent finance charges on outstanding accounts receivable only if they are collected. The changes in our allowance for doubtful accounts for the years ended December 31, 2023 and 2022, were as follows: Years ended December 31, 2023 2022 Beginning balance $ 2,176,010 $ 840,522 Bad debt expense 1,746,877 1,737,169 Uncollectible accounts written off, net ( 2,341,292 ) ( 401,681 ) Ending balance $ 1,581,595 $ 2,176,010 Fair Value Measurements Accounting Standards Codification ("ASC") Topic 820, Fair Value Measurements , defines fair value as the price that would be received in the sale of an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Topic 820 also specifies a fair value hierarchy that requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. The standard describes three levels of inputs that may be used to measure fair value as follows: Level 1: Quoted prices in active markets for identical assets or liabilities; Level 2: Observable inputs other than Level 1 prices, such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities; and Level 3: Valuation is generated from model-based techniques that use significant assumptions not observable in the market. These unobservable assumptions reflect our own estimate of assumptions that market participants would use in pricing the asset or liability. Property and Equipment We record property and equipment at cost. We provide for depreciation on the straight-line method, over the estimated useful lives of the assets. We amortize leasehold improvements over the shorter of the estimated useful life or the remaining term of the related leases. We charge expenditures for repairs and maintenance to operations as incurred; we capitalize renewals and betterments when they extend the useful life of the asset. We record gains and losses on the disposition of property and equipment in the period incurred. We report assets held for sale, if any, at the lower of the carrying amount or fair value less costs to sell. The useful lives of property and equipment for purposes of computing depreciation are as follows: Computer equipment 3 to 5 years Office furniture and fixtures 5 to 7 years Machinery and equipment 5 to 7 years Leasehold improvements 5 to 7 years Impairment of Long-Lived Assets We analyze long-lived assets, including property and equipment and definite-lived intangible assets, which are held and used in our operations, for impairment whenever events or changes in circumstances indicate that the carrying amounts may not be recoverable. We review the amortization method and estimated period of useful life at least at each balance sheet date. We record the effects of any revision to operations when the change arises. We recognize impairment when the estimated undiscounted cash flow generated by those assets is less than the carrying amounts of such assets. The amount of impairment is the excess of the carrying amount over the fair value of such assets. We did no t recognize any impairment charges for long-lived assets during the years ended December 31, 2023 and 2022 . Goodwill We record as goodwill the excess of the consideration transferred over the fair value of the net identifiable assets acquired. We do not amortize goodwill; however, annually, or whenever there is an indication that goodwill may be impaired, we evaluate qualitative factors to determine whether it is more likely than not that the fair value of the reporting unit is less than its carrying amount. Our test of goodwill impairment includes assessing qualitative factors and the use of judgment in evaluating economic conditions, industry and market conditions, cost factors, and entity-specific events, such as market capitalization as compared to our book value. We performed our most recent goodwill impairment analysis in the third quarter of 2023 with no impairment recorded. Net Income (Loss) per Share We compute basic net income (loss) per share using the weighted average number of shares of common stock outstanding plus the number of common stock equivalents for Deferred Stock Units (“DSUs”), during the period. We compute diluted net income (loss) 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. 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. Concentrations Financial instruments that potentially subject us to credit risk consist principally of cash, cash equivalents, and trade accounts receivable. We deposit our cash with commercial banks. Cash deposits at commercial banks are at risk to the extent that the balances exceed the Federal Deposit Insurance Corporation insured level per institution. The bank cash balances on deposit may periodically exceed federally insured limits, however, we have never experienced any losses related to these balances. We sell our services and products primarily to customers without requiring collateral; however, we routinely assess the financial condition of our customers and maintain allowances for anticipated losses. From year to year, the customers that exceed 10% of our annual revenue, if any, may change. The following table discloses the number of customers that accounted for more than 10% of our annual revenue and their related receivable balances for the years ended December 31, 2023 and 2022: Customers Exceeding 10% Year Number of Revenue Accounts Receivable 2023 2 29 % 18 % 2022 2 24 % 18 % We believe we have no significant credit risk in excess of recorded reserves. Leases We determine if an arrangement is a lease at inception. Operating leases are included in operating lease right-of-use (“ROU”) assets and current and long-term operating lease liabilities on our consolidated balance sheets. We currently do not have any material finance lease arrangements. Operating lease ROU assets and lease liabilities are recognized based on the present value of the future minimum lease payments over the lease term at commencement date. As most of our leases do not provide an implicit rate, we use our incremental borrowing rate in effect at the commencement date of the lease in determining the present value of future payments. When we have the option to extend the lease term, terminate the lease before the contractual expiration date, or purchase the leased asset, and if it is reasonably certain that we will exercise the option, we consider these options in determining the classification and measurement of the lease. Leases with an initial term of 12 months or less are not recorded on the balance sheet. Income Taxes We recognize deferred tax assets and liabilities for the future tax consequences of temporary differences between the book and tax basis of assets and liabilities that will result in taxable or deductible amounts in the future, based on enacted tax laws and rates applicable to the periods in which the differences are expected to affect taxable income. We establish valuation allowances to reduce a deferred tax asset to the amount expected to be realized. We assess our ability to realize deferred tax assets based on current earnings performance and on projections of future taxable income in the relevant tax jurisdictions. These projections do not include taxable income from the reversal of deferred tax liabilities and do not reflect a general growth assumption but do consider known or pending events, such as the passage of legislation. We review our estimates of future taxable income annually. If we are required to pay interest on the underpayment of income taxes, we recognize interest expense in the first period the interest becomes due according to the provisions of the relevant tax law. If we are subject to payment of penalties, we recognize an expense for the amount of the statutory penalty in the period when the position is taken on the income tax return. If we did not recognize the penalty in the period when the position was initially taken, we recognize the expense in the period when we change our judgment about meeting minimum statutory thresholds related to the initial position taken. Advertising We charge our advertising costs to expense when incurred. During the years ended December 31, 2023 and 2022, advertising expense totaled $ 40,160 and $ 39,029 , respectively. Stock-Based Compensation We measure all share-based payments, including grants of options to purchase common stock and the issuance of DSUs and RSUs to employees, third parties and board members, using a fair value-based method, in accordance with ASC Topic 718, Stock Compensation . All share-based awards have been classified as equity instruments and we recognize the vesting of the awards ratably over their respective terms. See Note 13 for a description of our share-based compensation plan and information related to awards granted under the plan. We estimate the fair value of stock options using the Black-Scholes-Merton valuation model. Significant assumptions used in the calculation are as follows: • We have historically determined the expected term under the simplified method using an average of the contractual term and vesting period of the award. Beginning in 2023 we determine the expected life based on a weighted average of historical grants taking into account the vesting period of awards, time until exercise and expiration dates; • We measure the expected volatility using the historical changes in the market price of our common stock; • We use the implied yield on zero-coupon U.S. Treasury bonds with a remaining maturity equal to the expected term of the awards to approximate the risk-free interest rate; and • We recognize the effects of forfeitures in compensation cost when they occur. Deferred Stock Units Non-employee directors can elect to receive all or a portion of their annual retainers in the form of DSUs. The DSUs are recognized at their fair value on the date of grant. Director fees deferred into stock units are calculated and expensed each month by taking fees earned during the month and dividing by the closing price of our common stock on the last trading day of the month, rounded down to the nearest whole share. Each DSU represents the right to receive one share of our common stock following the completion of a director’s service. In addition, certain executive compensation expense is also granted in the form of DSUs. Restricted Stock Units Beginning in 2023, non-employee directors received their annual board compensation in the form of restricted stock units (“RSU”s). The RSUs are recognized at their fair value on the date of grant. Each RSU represents the right to receive one share of our common stock once fully vested. Business Combinations Our acquisitions are accounted for in accordance with ASC Topic 805, Business Combinations. In purchase accounting, identifiable assets acquired and liabilities assumed are recognized at their estimated fair values at the acquisition date, and any remaining purchase price is recorded as goodwill. In determining the fair values of assets acquired and liabilities assumed, we make significant estimates and assumptions, particularly with respect to long-lived tangible and intangible assets. Critical estimates used in valuing tangible and intangible assets include, but are not limited to, future expected cash flows, discount rates, market prices and asset lives. See Note 3 for more information related to our most recent acquisition. Our consolidated financial statements include the results of operations from the date of such acquisition. We expense all acquisition-related costs as incurred in selling, general and administrative expenses in the consolidated statements of operations. Recent Accounting Pronouncements Adopted In June 2016, the Financial Accounting Standards Board (“FASB”) issued ASU 2016-13, Financial Instruments – Credit Losses (Topic 326) , which provides guidance on measuring credit losses on financial instruments. 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. Pending Adoption In November 2023, the FASB issued ASU 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures , which requires incremental disclosures related to reportable segments, including significant segment expense categories and amounts for each reportable segment. Entities with a single reportable segment are required to provide the new disclosures required under ASC 280. This authoritative guidance is required to be applied retrospectively and will be effective for our annual disclosures beginning in 2024 and interim periods starting 2025. This guidance is only related to disclosures and is not expected to have a significant impact on our consolidated financial statements. In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures , which requires entities to provide additional disclosure related to the transparency and decision usefulness of income tax disclosures, including additional disclosure around the rate reconciliation and income taxes paid. The authoritative guidance should be applied prospectively and will be effective for us starting in 2025. Retrospective application is permitted. This guidance is only related to disclosures and is not expected to have a significant impact on our consolidated financial statements. 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.

Acquisition

Acquisition	12 Months Ended
	Dec. 31, 2023
Business Combinations [Abstract]
Acquisition	3. Acquisition 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 7). The purchase price was allocated to the acquired assets, primarily customer relationship intangibles and goodwill.

Property and Equipment, Net, an

Property and Equipment, Net, and Other Assets	12 Months Ended
	Dec. 31, 2023
Property, Plant and Equipment [Abstract]
Property and Equipment, Net, and Other Assets	4. Property and Equipment, net, and Other Assets At December 31, 2023 and 2022, Property and equipment, net, and other assets consisted of the following: As of December 31, 2023 2022 Machinery and equipment $ 3,321,220 $ 3,159,483 Office furniture and fixtures 573,686 568,040 Leasehold improvements 715,312 719,781 Computer equipment 451,329 676,197 Property and equipment, gross 5,061,547 5,123,501 Accumulated depreciation ( 2,932,371 ) ( 2,499,797 ) Property and equipment, net 2,129,176 2,623,704 Right-of-use operating lease assets 1,862,455 2,385,870 Security deposits and other assets 634,459 901,653 Property and equipment, net, and other assets $ 4,626,090 $ 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 year ended December 31, 2023 was $ 805,821 , including $ 377,872 of depreciation expense reflected within “Cost of revenue” in our consolidated statement of operations as it related to assets used directly in servicing customer contracts. Depreciation expense for the year ended December 31, 2022 was $ 744,858 , including $ 316,405 of depreciation expense reflected within “Cost of revenue” in our consolidated statement of operations as it related to assets used directly in servicing customer contracts. We recorded right-of-use operating lease assets related to our office leases in accordance with ASC 842. Refer to Note 8, Leases for additional information. On February 20, 2018 (the “Closing Date”), we entered into an Asset Purchase Agreement with Earth Media Partners, LLC to sell certain assets of our wholly owned subsidiary, Earth911, Inc., in exchange for a 19 % interest in Earth Media Partners, LLC, which was recorded as an investment in the amount of $ 246,585 as of the Closing Date, and a potential future earn-out amount of approximately $ 350,000 . The net assets sold related to the Earth911.com website business and consisted primarily of the website and its content and customers, deferred revenues, and accounts receivable as of the Closing Date. Earth911, Inc. was subsequently renamed Quest Sustainability Services, Inc. The carrying amount of our investment in Earth Media Partners, LLC is included in “Security deposits and other assets” and we have an accrued receivable in the amount of $ 320,167 and $ 327,667 related to the earn-out as of December 31, 2023 and 2022 , respectively.

Goodwill and Other Intangible A

Goodwill and Other Intangible Assets	12 Months Ended
	Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Other Intangible Assets	5. Goodwill and Other Intangible Assets The components of goodwill and other intangible assets are as follows: December 31, 2023 Estimated Gross Carrying Accumulated Net Finite lived intangible assets: Customer relationships 5 years $ 39,250,000 $ 17,636,463 $ 21,613,537 Software 7 years 4,230,291 1,819,287 2,411,004 Trademarks 7 years 2,026,163 657,331 1,368,832 Non-compete agreements 3 years 2,250,000 1,591,945 658,055 Total finite lived intangible assets $ 47,756,454 $ 21,705,026 $ 26,051,428 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 Carrying Changes in goodwill: Balance at December 31, 2021 $ 80,621,503 Addition related to acquisitions 541,766 RWS purchase price allocation adjustment 3,594,937 Purchase price adjustment ( 500,000 ) Balance at December 31, 2022 $ 84,258,206 RWS pre-acquisition adjustments 1,570,032 Balance at December 31, 2023 $ 85,828,238 We compute amortization using the straight-line method over the estimated useful lives of the finite lived intangible assets. The amortization expense related to finite lived intangible assets was approximately $ 9.1 million and $ 9.2 million for the years ended December 31, 2023 and 2022, respectively. We estimate future amortization expense as of December 31, 2023 to be approximately as follows: Year Ending December 31, Amount 2024 $ 9,150,459 2025 8,302,642 2026 6,704,479 2027 665,909 2028 559,417 Thereafter 668,522 Total $ 26,051,428 We have no indefinite-lived intangible assets other than goodwill. $ 70.8 million of the goodwill is not deductible for tax purposes, while $ 15.0 million of goodwill added in the prior years is deductible over its tax-basis life. We performed our goodwill impairment analysis in the third quarter of 2023 and 2022 with no impairment recorded in either period. In 2023 , we recorded a correction to the goodwill from the RWS acquisition completed in 2021. This adjustment resulted in a net increase of $ 1.6 million and $ 2.7 million to goodwill and accounts payable, respectively. We assessed the materiality of this correction on our consolidated financial statements for the year ended December 31, 2021 and concluded that the effect of this correction was not material, quantitatively or qualitatively, to the consolidated financial statements taken as a whole, or for any of the subsequent reporting periods. Accordingly, we recorded a charge to cost of revenue of $ 1.2 million in the fourth quarter of 2023, which was equally attributable to 2021 and 2022. In 2022, our adjustments to goodwill included a $ 3.6 million adjustment related to the RWS acquisition, $ 0.5 million related to o ur acquisition of an independent environmental services company, and $( 0.5 ) million related to a prior year purchase price adjustment. In addition, in 2022 we recorded $ 2.8 million of intangible assets as part of o ur acquisition of an independent environmental services company . See Note 3 for more information on the 2022 acquisition.

Current Liabilities

Current Liabilities	12 Months Ended
	Dec. 31, 2023
Current Liabilities Disclosure [Abstract]
Current Liabilities	6. Current Liabilities The components of Accounts payable and accrued liabilities are as follows: As of December 31, 2023 2022 Accounts payable $ 38,600,461 $ 28,744,858 Accrued taxes 484,854 331,936 Employee compensation 1,478,826 1,812,028 Operating lease liability - current portion 493,928 489,938 Miscellaneous 238,097 828,701 $ 41,296,166 $ 32,207,461 Refer to Note 8 for additional disclosure related to the operating lease liability. The components of Other current liabilities are as follows: As of December 31, 2023 2022 Deferred revenue $ 1,509,690 $ 2,731,350 Deferred consideration - earn-out 960,000 1,957,255 $ 2,469,690 $ 4,688,605 We made a $ 1.2 million earnout payment in 2023 related to an acquisition.

Notes Payable

Notes Payable	12 Months Ended
	Dec. 31, 2023
Debt Disclosure [Abstract]
Notes Payable	7. Notes Payable Our debt obligations are as follows: Years ended December 31, Interest Rate (1) 2023 2022 Monroe Term Loan (2) 11.96 % $ 53,500,656 $ 61,073,151 Green Remedies Promissory Note (3) 3.00 % 1,101,120 1,637,970 PNC ABL Facility (4) 7.50 % 13,245,489 12,238,034 Total notes payable 67,847,265 74,949,155 Less: Current portion of long-term debt ( 1,158,800 ) ( 1,158,800 ) Less: Unamortized debt issuance costs ( 1,345,339 ) ( 2,122,715 ) Less: Unamortized OID ( 185,793 ) ( 288,643 ) Less: Unamortized OID warrant ( 519,153 ) ( 806,106 ) Notes payable, net $ 64,638,180 $ 70,572,891 (1) Interest rates as of December 31, 2023 (2) Bears interest based on SOFR plus Applicable Margin ranging from 5.5 % to 7.5 % (3) Stated interest rate of 3.0 % (4) Bears interest based on Adjusted Term SOFR plus a margin ranging from 1.75 % to 2.25 % The future minimum principal payments as of December 31, 2023 are as follows: Year Ending December 31, Amount 2024 $ 1,158,850 2025 66,688,415 Total $ 67,847,265 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. December 31, 2023 2022 Debt issuance costs Beginning balance $ 2,122,715 $ 2,637,483 Financing costs deferred — 214,550 Less: Amortization expense ( 777,376 ) ( 729,318 ) Debt issuance costs, net of accumulated amortization $ 1,345,339 $ 2,122,715 Revolving Credit Facility On August 5, 2020, QRHC and certain of its 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 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. 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 December 31, 2023), or the Adjusted Term SOFR Rate for the interest period in effect plus a margin ranging from 1.75 % to 2.25 % ( 7.50 % as of December 31, 2023). The maturity date of the revolving credit facility is April 19, 2025. The revolving credit facility contains an accordion feature, subject to PNC’s approval, permitting the revolving credit facility to be increased by up to $ 10 million. Certain of QRHC’s subsidiaries are the borrowers under the PNC Loan Agreement. QRHC and one of its subsidiaries are guarantors under the PNC Loan Agreement. As security for the obligations of the borrowers under the PNC Loan Agreement, (i) the borrowers under the PNC Loan Agreement have granted a first priority lien on substantially all of their tangible and intangible personal property, including a pledge of the capital stock and membership interests, as applicable, of certain of QRHC’s direct and indirect subsidiaries, and (ii) the guarantors under the PNC Loan Agreement have granted a first priority lien on the capital stock and membership interests, as applicable, of certain of QRHC’s direct and indirect subsidiaries. The PNC Loan Agreement contains certain financial covenants, including a minimum fixed charge coverage ratio. In addition, the PNC Loan Agreement contains negative covenants limiting, among other things, additional indebtedness, transactions with affiliates, additional liens, sales of assets, dividends, investments and advances, prepayments of debt, mergers and acquisitions, and other matter customarily restricted in such agreements. The PNC Loan Agreement also contains customary events of default, including payment defaults, breaches of representations and warranties, covenant defaults, events of bankruptcy and insolvency, change of control, and failure of any guaranty or security document supporting the PNC Loan Agreement to be in full force and effect. Upon the occurrence of an event of default, the outstanding obligations under the PNC Loan Agreement may be accelerated and become immediately due and payable. As of December 31, 2023, the ABL Facility borrowing base availability was $ 25,000,000 , of which $ 13,245,489 principal was outstanding. Monroe Term Loan On October 19, 2020, QRHC and certain of its 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, August 9, 2022, 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 $ 53.5 million as of December 31, 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. Certain of QRHC’s subsidiaries are the borrowers under the Credit Agreement. QRHC is the guarantor under the Credit Agreement. As security for the obligations of the borrowers under the Credit Agreement, (i) the borrowers under the Credit Agreement have granted a first priority lien on substantially all of their tangible and intangible personal property, including a pledge of the capital stock and membership interests, as applicable, of certain of QRHC’s direct and indirect subsidiaries, and (ii) the guarantors under the Credit Agreement have granted a first priority lien on the capital stock and membership interests, as applicable, of QRHC’s direct and indirect subsidiaries. The Credit Agreement contains certain financial covenants, including a minimum fixed charge coverage ratio and a senior net leverage ratio. In addition, the Credit Agreement contains negative covenants limiting, among other things, additional indebtedness, transactions with affiliates, additional liens, sales of assets, dividends, investments and advances, prepayments of debt, mergers and acquisitions, and other matters customarily restricted in such agreements. The Credit Agreement also contains customary events of default, including payment defaults, breaches of representations and warranties, covenant defaults, events of bankruptcy and insolvency, change of control, and failure of any guaranty or security document supporting the Credit Agreement to be in full force and effect. Upon the occurrence of an event of default, the outstanding obligations under the Credit Agreement may be accelerated and become immediately due and payable. 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 grant-date fair value of the warrants issued using the Black Scholes option pricing model and recorded a debt discount 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 the seller of 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 years ended December 31, 2023 and 2022 was $ 7,785,516 and $ 6,002,649 , respectively. Debt issuance cost of $ 3,323,906 is being amortized to interest expense over the lives of the related debt arrangements. Interest expense related to amortization of debt issuance fees, debt discount costs and interest related to vendor supply chain financing programs was $ 1,943,582 and $ 1,278,092 , respectively, for the years ended December 31, 2023 and 2022 .

Leases

Leases	12 Months Ended
	Dec. 31, 2023
Lessee Disclosure [Abstract]
Leases	8 . Leases Our leases are primarily related to office space and are classified as operating leases for which we recorded a right of use asset at the inception or amendment of each lease. Our primary leases include: • Primary headquarters in The Colony, Texas . On September 29, 2022, we executed an amendment to our corporate office lease, pursuant to which we reduced the amount of square space rented to approximately 16,200 square feet and extended the term from October 2022 to December 31, 2027. We recorded a right of use asset associated with this lease of approximately $ 1.6 million. This lease had a remaining term of 4.0 ye ars at December 31, 2023 . We used an effective interest rate of 4.56 %, which was our incremental borrowing rate in effect at the date of the lease amendment as the lease does not provide a readily determinable implicit rate. • Chadds Ford, PA office . We recorded a right of use asset associated with this lease, which was modified in 2022, of approximately $ 716,000 . The lease expires in October 2026 . This lease had a remaining term o f 2.8 years at December 31, 2023 , and we used an effective interest rate of 7.5 %, which was our incremental borrowing rate in effect at the acquisition date of RWS as the lease does not provide a readily determinable implicit rate. This lease may be terminated under certain conditions as defined in the lease agreement. • Greenville, SC office . We recorded a right of use asset associated with this lease of approximately $ 255,000 . The lease expires in December 2024 . This lease had a remaining term of 0.9 years at December 31, 2023 , and we used an effective interest rate of 8.75 %, which was our incremental borrowing rate in effect at the acquisition date of the lease as the lease does not provide a readily determinable implicit rate. This lease may be terminated under certain conditions as defined in the lease agreement. • Burlington, NC office . Our office lease in Burlington, NC was terminated effective December 31, 2023. The lessor was a related party that is owned by the seller of Green Remedies, which was acquired by us in 2020. The future minimum lease payments required under our office leases as of December 31, 2023 are as follows: Year Ending December 31, Amount 2024 $ 573,969 2025 495,161 2026 484,441 2027 387,909 Total lease payments 1,941,480 Less: Interest ( 172,861 ) Present value of lease payments $ 1,768,619 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 as of December 31, 2023 and 2022 are de minimis. As of December 31, 2023 2022 Operating Leases Right-of-use operating lease assets: Property and equipment, net and other assets $ 1,862,455 $ 2,385,870 Lease liabilities: Accounts payable and accrued liabilities $ 493,928 $ 489,938 Other long-term liabilities 1,274,691 1,724,244 Total operating lease liabilities $ 1,768,619 $ 2,214,182 Lease Costs For the years ended December 31, 2023 and 2022, we recorded $ 753,818 and $ 946,840 , 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 years ended December 31, 2023 and 2022 .

Revenue

Revenue	12 Months Ended
	Dec. 31, 2023
Revenue from Contract with Customer [Abstract]
Revenue	9. 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. Service revenues are primarily generated from fees charged for our collection, transfer, disposal and recycling services and from sales of commodities by our recycling operations. 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 $ 445,107 and $ 484,229 for the years ended December 31, 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 % of revenue for the year ended December 31, 2023, and two customers accounted for 24 % of revenue for the year ended December 31, 2022. We operate primarily in the United States, with minor services in Canada. Year Ended December 31, 2023 2022 Revenue Type: Services $ 277,280,099 $ 273,796,746 Product sales and other 11,097,553 10,241,077 Total revenue $ 288,377,652 $ 284,037,823 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 December 31, 2023 and 2022 we had $ 0 and $ 566,667 , respectively, of deferred contract costs. During the year ended December 31, 2023 and 2022, we amortized $ 333,333 and $ 408,333 , respectively, of deferred contract costs to selling, general, and administrative expense. We bill certain customers one month 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 December 31, 2023 and 2022, we had $ 1,509,690 and $ 2,731,350 , respectively, of deferred revenue, which was classified in “Other current liabilities.”

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2023
Income Tax Disclosure [Abstract]
Income Taxes	10. Income Taxes 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 those using currently enacted tax rates and laws. We provide a valuation allowance for the amount of deferred tax assets that, based on available evidence, are more likely than not to be realized. Realization of our net operating loss carryforward was not reasonably assured as of December 31, 2023 and 2022, and we have recorded a valuation allowance of $ 17,413,000 and $ 13,999,000 , respectively against deferred tax assets in excess of deferred tax liabilities in the accompanying consolidated financial statements. The components of net deferred taxes are as follows: As of December 31, 2023 2022 Deferred tax assets (liabilities): Net operating loss $ 1,531,000 $ 1,447,000 Depreciation and amortization 7,336,000 5,490,000 Stock-based compensation 4,780,000 4,638,000 Interest expense 2,952,000 1,276,000 Capitalized software costs ( 53,000 ) ( 278,000 ) Bonus accrual 210,000 284,000 Allowance for doubtful accounts 412,000 567,000 Other 245,000 575,000 Total deferred tax assets, net 17,413,000 13,999,000 Less: valuation allowance ( 17,413,000 ) ( 13,999,000 ) Net deferred taxes $ — $ — Our statutory income tax rate is expected to be approximately 26 % . We had state income tax expense of $ 386,932 and $ 172,604 for the years ended December 31, 2023 and 2022 , respectively, which is attributable to state obligations for states with no net operating loss carryforwards, and the continued reserve against the benefit of the net operating losses at the federal level. The provision for income taxes consisted of the following: Years Ended December 31, 2023 2022 Current $ 386,932 $ 172,604 Deferred — — Total $ 386,932 $ 172,604 The reconciliation between the income tax expense calculated by applying statutory rates to net income (loss) and the income tax expense reported in the accompanying consolidated financial statements is as follows: Years Ended December 31, 2023 2022 U.S. federal statutory rate applied to pretax loss $ ( 1,450,000 ) $ ( 1,234,000 ) State taxes - current, net of federal benefit 386,932 172,604 State taxes - deferred ( 428,000 ) ( 411,000 ) Permanent differences ( 306,000 ) ( 471,000 ) Benefit of federal operating loss carryforwards ( 332,000 ) ( 845,000 ) Change in state tax rates and other ( 898,000 ) 100,000 Change in valuation allowance 3,414,000 2,861,000 $ 386,932 $ 172,604 As of December 31, 2023 and 2022, we had federal income tax net operating loss carryforwards of approximately $ 5,900,000 and $ 5,600,000 , respectively, which expire at various dates ranging from 2034 through 2037 . We are subject to limitations existing under Internal Revenue Code Section 382 (Change of Control) relating to the availability of the operating loss, therefore utilization of a portion of the Company's net operating loss may be limited in future years. As of December 31, 2023 and 2022, we did not recognize any assets or liabilities relative to uncertain tax positions, nor do we anticipate any significant unrecognized tax benefits will be recorded during 2024. It is our policy to classify interest and penalties on income taxes as interest expense or penalties expense, should any be incurred. Tax positions are positions taken in a previously filed tax return or positions expected to be taken in a future tax return that are reflected in measuring current or deferred income tax assets and liabilities reported in the financial statements. Tax positions include the following: • an allocation or shift of income between taxing jurisdictions; • the characterization of income or a decision to exclude reportable taxable income in a tax return; or • a decision to classify a transaction, entity, or other position in a tax return as tax exempt. We are potentially subject to tax audits for federal and state tax returns for tax years ended 2019 to 2023 . Tax audits by their very nature are often complex and can require several years to complete.

Fair Value of Financial Instrum

Fair Value of Financial Instruments	12 Months Ended
	Dec. 31, 2023
Fair Value Disclosures [Abstract]
Fair Value of Financial Instruments	11. Fair Value of Financial Instruments Our financial instruments consist 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.

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 31, 2023
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	12. Commitments and Contingencies Indemnifications During the normal course of business, we make certain indemnities and commitments under which we may be required to make payments in relation to certain transactions. These may include (i) intellectual property indemnities to customers in connection with the use, sales, and/or license of products and services; (ii) indemnities to customers in connection with losses incurred while performing services on their premises; (iii) indemnities to vendors and service providers pertaining to claims based on negligence or willful misconduct; and (iv) indemnities involving the representations and warranties in certain contracts. In addition, under our bylaws we are committed to our directors and officers for providing for payments upon the occurrence of certain prescribed events. The majority of these indemnities and commitments do not provide for any limitation on the maximum potential for future payments that we could be obligated to make. We have not incurred costs to defend lawsuits or settle claims related to these indemnification agreements. As a result, we believe the estimated fair value of these agreements is minimal. Accordingly, we had no liabilities recorded for these agreements as of December 31, 2023 and 2022. Defined Contribution Plan We maintain a defined contribution 401(k) plan covering substantially all full-time employees. Employees are permitted to make voluntary contributions, which we match at a certain percentage, to the plan. For the years ended December 31, 2023 and 2022, our plan contribution expense was $ 348,781 and $ 270,477 , respectively.

Stockholders' Equity

Stockholders' Equity	12 Months Ended
	Dec. 31, 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 were outstanding as of December 31, 2023 and 2022. Preferred stock is to be designated in classes or series and the number of each class or series and the voting powers, designations, preferences, limitations, restrictions, relative rights, and distinguishing designation of each class or series of stock as the Board of Directors shall determine in its sole discretion. Common Stock Our authorized common stock consists of 200,000,000 shares of common stock with a par value of $ 0.001 , of which 20,161,400 and 19,696,006 shares were issued and outstanding as of December 31, 2023 and 2022, respectively. Employee Stock Purchase Plan On September 17, 2014, our stockholders approved our 2014 Employee Stock Purchase Plan (“ESPP”). We recorded expense of $ 102,899 and $ 92,180 related to the ESPP during the years ended December 31, 2023 and 2022, respectively. During the year ended December 31, 2023, we issued an aggregate 46,916 shares of common stock for $ 224,439 all to employees under our ESPP, as follows: • On May 16, 2023, we issued 22,888 shares for $ 107,002 for options that vested and were exercised. • On November 15, 2023, we issued 24,028 shares for $ 117,437 for options that vested and were exercised. During the year ended December 31, 2022 , we issued an aggregate 40,851 shares of common stock for $ 176,742 all to employees under our ESPP, as follows: • On May 16, 2022, we issued 17,720 shares for $ 76,666 for options that vested and were exercised. • On November 16, 2022, we issued 23,131 shares for $ 100,076 for options that vested and were exercised. Warrants The following table summarizes the warrants issued and outstanding as of December 31, 2023: Warrants Issued and Outstanding as of December 31, 2023 Date of Exercise Shares of Description Issuance Expiration Price 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 850,000 No warrants were issued, exercised or expired during the years ended December 31, 2023 and 2022. Incentive Compensation Plan In October 2012, we adopted our 2012 Incentive Compensation Plan, as amended (the “2012 Plan”), as the sole plan for providing equity-based incentive compensation to our employees, non-employee directors, and other service providers. The 2012 Plan allows for the grant of stock options, restricted stock, restricted stock units, stock appreciation rights, performance awards, and other incentive awards to our employees, non-employee directors, and other service providers who are in a position to make a significant contribution to our success and our affiliates. The purpose of the 2012 Plan is to attract and retain individuals, further align employee and stockholder interests, and closely link compensation with our performance. The 2012 Plan is administered by the compensation committee of our board of directors. Our policy is to fulfill any exercise of options from common stock that is authorized and unissued. The maximum number of shares of common stock available for grant under the 2012 Plan is 4,830,437 . The number of shares available for award under the 2012 Plan is subject to adjustment for certain corporate changes in accordance with the provisions of the 2012 Plan. Stock Options The following table summarizes the stock option activity from January 1, 2022 through December 31, 2023: Stock Options Weighted- Exercise Average Number Price Per Exercise Price of Shares Share Per Share Outstanding at January 1, 2022 3,280,585 $ 1.17 — $ 23.20 $ 2.87 Granted 384,889 $ 4.08 — $ 8.68 $ 5.23 Exercised ( 414,001 ) $ 1.51 — $ 6.40 $ 1.83 Canceled/Forfeited ( 72,085 ) $ 1.51 — $ 16.80 $ 5.76 Outstanding at December 31, 2022 3,179,388 $ 1.17 — $ 23.20 $ 3.23 Granted 152,500 $ 5.50 $ 5.50 Exercised ( 418,478 ) $ 1.17 — $ 4.08 $ 2.14 Canceled/Forfeited ( 44,397 ) $ 1.51 — $ 21.20 $ 14.42 Outstanding at December 31, 2023 2,869,013 $ 1.17 — $ 23.20 $ 3.33 The weighted-average grant-date fair value of options granted was $ 3.53 and $ 3.36 for the years ended December 31, 2023 and 2022, respectively. For the years ended December 31, 2023 and 2022, the intrinsic value of options outstanding was $ 11,623,637 and $ 9,841,358 , respectively, and the intrinsic value of options exercisable was $ 10,877,904 and $ 8,422,306 , respectively. The following additional information applies to options outstanding at December 31, 2023: Range of Outstanding at Weighted- Weighted- Exercisable at Weighted- $ 1.17 — $ 23.20 2,869,013 5.5 $ 3.33 2,491,466 $ 3.02 The following additional information applies to options outstanding at December 31, 2022: Range of Outstanding at Weighted- Weighted- Exercisable at Weighted- $ 1.17 — $ 23.20 3,179,388 6.1 $ 3.23 2,504,292 $ 2.98 Stock-Based Compensation Stock-based compensation expense for stock-based incentive awards was $ 881,397 and $ 994,361 for the years ended December 31, 2023 and 2022, respectively. At December 31, 2023, the balance of unearned stock-based compensation to be expensed in future periods related to unvested share-based awards was approximately $ 1.0 million. The weighted-average period over which the unearned stock-based compensation is expected to be recognized is approximately 2 years . We account for all stock-based payment awards made to employees and directors, including stock options and employee stock purchases, based on estimated fair values. We estimate the fair value of share-based payment awards on the date of grant using an option-pricing model and the value of the portion of the award is recognized as expense over the requisite service period. We recognize the effects of forfeitures in compensation cost when they occur. We use the Black-Scholes-Merton option-pricing model as our method of valuation. The fair value is amortized on a straight-line basis over the requisite service periods of the awards, which is generally the vesting period. The fair value of share-based payment awards on the date of grant as determined by the Black-Scholes-Merton model is affected by our stock price as well as other assumptions. These assumptions include the expected stock price volatility over the term of the awards, and the actual and projected employee stock option exercise behaviors. The weighted-average estimated value of employee stock options granted during the years ended December 31, 2023 and 2022 were estimated using the Black-Scholes-Merton option pricing model with the following weighted-average assumptions: Years Ended December 31, 2023 2022 Expected volatility 69 % 71 % Risk-free interest rate 3.58 % 2.79 % Expected dividends 0.00 % 0.00 % Expected term in years 6.0 5.9 Deferred Stock Units During the year ended December 31, 2023, we granted 6,131 DSUs and recorded director compensation expense of $ 40,732 related to the grants. In addition, during the year ended December 31, 2023, we granted 14,089 DSUs to executive employees and recorded compensation expense of $ 118,162 . During the year ended December 31, 2022, we granted 6,719 DSUs and recorded director compensation expense of $ 39,142 related to the grants. In addition, during the year ended December 31, 2022, we granted 35,201 DSUs to executive employees and recorded compensation expense of $ 157,885 . We had 231,635 and 211,415 DSUs outstanding at December 31, 2023 and 2022, respectively. Restricted Stock Units During the year ended December 31, 2023, we granted restricted stock units (“RSUs”) to nonemployee directors as part of their annual board compensation. The RSUs are recognized at their fair value on the date of grant. Each RSU represents the right to receive one share of our common stock once fully vested. During the year ended December 31, 2023, we granted 61,056 RSUs and recorded director compensation expense of $ 169,203 related to the grants. We had 61,056 and 0 RSUs outstanding at December 31, 2023 and 2022, respectively. These RSUs were no t vested at December 31, 2023.

Net Loss per Share

Net Loss per Share	12 Months Ended
	Dec. 31, 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 (loss) 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: Years Ended December 31, 2023 2022 Numerator: Net loss $ ( 7,291,285 ) $ ( 6,047,986 ) Denominator: Weighted average common shares outstanding, basic 20,123,221 19,473,786 Effect of dilutive securities — — Weighted average common shares outstanding, diluted 20,123,221 19,473,786 Net loss per share Basic $ ( 0.36 ) $ ( 0.31 ) Diluted $ ( 0.36 ) $ ( 0.31 ) Anti-dilutive securities excluded from diluted net loss per share Stock options 62,968 244,907 Total anti-dilutive securities excluded from diluted net loss per share 62,968 244,907

Supplemental Cash Flow Informat

Supplemental Cash Flow Information	12 Months Ended
	Dec. 31, 2023
Supplemental Cash Flow Elements [Abstract]
Supplemental Cash Flow Information	15. Supplemental Cash Flow Information The following is provided as supplemental information to the consolidated statements of cash flows: Years Ended December 31, 2023 2022 Supplemental cash flow information: Cash paid for interest $ 8,568,312 $ 5,720,406 Cash paid for income taxes $ 366,361 $ 330,866 Supplemental non-cash activities: Seller consideration settled in shares of common stock $ — $ 1,342,125

Related Party Transactions

Related Party Transactions	12 Months Ended
	Dec. 31, 2023
Related Party Transactions [Abstract]
Related Party Transactions	16. Related Party Transactions See Note 7 for further information regarding a promissory note issued to the seller of Green Remedies in connection with the Green Remedies acquisition.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2023
Accounting Policies [Abstract]
Principles of Presentation and Consolidation	Principles of Presentation and Consolidation The consolidated financial statements included herein have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) and pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”). The accompanying consolidated financial statements include the operating activity of QRHC and its subsidiaries for the years ended December 31, 2023 and 2022. As Quest, LDI, Youchange, QVC, QV One, and QSS each operate as environmental-based service companies, we did not deem segment reporting necessary.
Accounting Estimates	Accounting Estimates The preparation of financial statements in conformity with GAAP requires us to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could materially differ from those estimates. We use estimates when accounting for the carrying amounts of accounts receivable, goodwill and other intangible assets, deferred taxes, and the fair value of assets and liabilities acquired in business acquisitions and stock-based compensation expense, all of which are discussed in their respective notes to the consolidated financial statements.
Revenue Recognition	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. In situations in which we are not primarily obligated, we do not have credit risk, or we determine amounts earned using fixed percentage payment schedules, we record the revenue net of certain cost amounts. We record amounts collected from customers for sales tax on a net basis.
Cash and Cash Equivalents	Cash and Cash Equivalents We consider all highly liquid instruments with a maturity of three months or less when purchased to be cash equivalents.
Accounts Receivable	Accounts Receivable 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. As of December 31, 2023 and 2022, we had established an allowance of $ 1,581,595 and $ 2,176,010 , respectively, for potentially uncollectible accounts receivable. We record delinquent finance charges on outstanding accounts receivable only if they are collected. The changes in our allowance for doubtful accounts for the years ended December 31, 2023 and 2022, were as follows: Years ended December 31, 2023 2022 Beginning balance $ 2,176,010 $ 840,522 Bad debt expense 1,746,877 1,737,169 Uncollectible accounts written off, net ( 2,341,292 ) ( 401,681 ) Ending balance $ 1,581,595 $ 2,176,010
Fair Value Measurements	Fair Value Measurements Accounting Standards Codification ("ASC") Topic 820, Fair Value Measurements , defines fair value as the price that would be received in the sale of an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Topic 820 also specifies a fair value hierarchy that requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. The standard describes three levels of inputs that may be used to measure fair value as follows: Level 1: Quoted prices in active markets for identical assets or liabilities; Level 2: Observable inputs other than Level 1 prices, such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities; and Level 3: Valuation is generated from model-based techniques that use significant assumptions not observable in the market. These unobservable assumptions reflect our own estimate of assumptions that market participants would use in pricing the asset or liability.
Property and Equipment	Property and Equipment We record property and equipment at cost. We provide for depreciation on the straight-line method, over the estimated useful lives of the assets. We amortize leasehold improvements over the shorter of the estimated useful life or the remaining term of the related leases. We charge expenditures for repairs and maintenance to operations as incurred; we capitalize renewals and betterments when they extend the useful life of the asset. We record gains and losses on the disposition of property and equipment in the period incurred. We report assets held for sale, if any, at the lower of the carrying amount or fair value less costs to sell. The useful lives of property and equipment for purposes of computing depreciation are as follows: Computer equipment 3 to 5 years Office furniture and fixtures 5 to 7 years Machinery and equipment 5 to 7 years Leasehold improvements 5 to 7 years
Impairment of Long-Lived Assets	Impairment of Long-Lived Assets We analyze long-lived assets, including property and equipment and definite-lived intangible assets, which are held and used in our operations, for impairment whenever events or changes in circumstances indicate that the carrying amounts may not be recoverable. We review the amortization method and estimated period of useful life at least at each balance sheet date. We record the effects of any revision to operations when the change arises. We recognize impairment when the estimated undiscounted cash flow generated by those assets is less than the carrying amounts of such assets. The amount of impairment is the excess of the carrying amount over the fair value of such assets. We did no t recognize any impairment charges for long-lived assets during the years ended December 31, 2023 and 2022 .
Goodwill	Goodwill We record as goodwill the excess of the consideration transferred over the fair value of the net identifiable assets acquired. We do not amortize goodwill; however, annually, or whenever there is an indication that goodwill may be impaired, we evaluate qualitative factors to determine whether it is more likely than not that the fair value of the reporting unit is less than its carrying amount. Our test of goodwill impairment includes assessing qualitative factors and the use of judgment in evaluating economic conditions, industry and market conditions, cost factors, and entity-specific events, such as market capitalization as compared to our book value. We performed our most recent goodwill impairment analysis in the third quarter of 2023 with no impairment recorded.
Net Income (Loss) per Share	Net Income (Loss) per Share We compute basic net income (loss) per share using the weighted average number of shares of common stock outstanding plus the number of common stock equivalents for Deferred Stock Units (“DSUs”), during the period. We compute diluted net income (loss) 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. 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.
Concentrations	Concentrations Financial instruments that potentially subject us to credit risk consist principally of cash, cash equivalents, and trade accounts receivable. We deposit our cash with commercial banks. Cash deposits at commercial banks are at risk to the extent that the balances exceed the Federal Deposit Insurance Corporation insured level per institution. The bank cash balances on deposit may periodically exceed federally insured limits, however, we have never experienced any losses related to these balances. We sell our services and products primarily to customers without requiring collateral; however, we routinely assess the financial condition of our customers and maintain allowances for anticipated losses. From year to year, the customers that exceed 10% of our annual revenue, if any, may change. The following table discloses the number of customers that accounted for more than 10% of our annual revenue and their related receivable balances for the years ended December 31, 2023 and 2022: Customers Exceeding 10% Year Number of Revenue Accounts Receivable 2023 2 29 % 18 % 2022 2 24 % 18 % We believe we have no significant credit risk in excess of recorded reserves.
Leases	Leases We determine if an arrangement is a lease at inception. Operating leases are included in operating lease right-of-use (“ROU”) assets and current and long-term operating lease liabilities on our consolidated balance sheets. We currently do not have any material finance lease arrangements. Operating lease ROU assets and lease liabilities are recognized based on the present value of the future minimum lease payments over the lease term at commencement date. As most of our leases do not provide an implicit rate, we use our incremental borrowing rate in effect at the commencement date of the lease in determining the present value of future payments. When we have the option to extend the lease term, terminate the lease before the contractual expiration date, or purchase the leased asset, and if it is reasonably certain that we will exercise the option, we consider these options in determining the classification and measurement of the lease. Leases with an initial term of 12 months or less are not recorded on the balance sheet.
Income Taxes	Income Taxes We recognize deferred tax assets and liabilities for the future tax consequences of temporary differences between the book and tax basis of assets and liabilities that will result in taxable or deductible amounts in the future, based on enacted tax laws and rates applicable to the periods in which the differences are expected to affect taxable income. We establish valuation allowances to reduce a deferred tax asset to the amount expected to be realized. We assess our ability to realize deferred tax assets based on current earnings performance and on projections of future taxable income in the relevant tax jurisdictions. These projections do not include taxable income from the reversal of deferred tax liabilities and do not reflect a general growth assumption but do consider known or pending events, such as the passage of legislation. We review our estimates of future taxable income annually. If we are required to pay interest on the underpayment of income taxes, we recognize interest expense in the first period the interest becomes due according to the provisions of the relevant tax law. If we are subject to payment of penalties, we recognize an expense for the amount of the statutory penalty in the period when the position is taken on the income tax return. If we did not recognize the penalty in the period when the position was initially taken, we recognize the expense in the period when we change our judgment about meeting minimum statutory thresholds related to the initial position taken.
Advertising	Advertising We charge our advertising costs to expense when incurred. During the years ended December 31, 2023 and 2022, advertising expense totaled $ 40,160 and $ 39,029 , respectively.
Stock-Based Compensation	Stock-Based Compensation We measure all share-based payments, including grants of options to purchase common stock and the issuance of DSUs and RSUs to employees, third parties and board members, using a fair value-based method, in accordance with ASC Topic 718, Stock Compensation . All share-based awards have been classified as equity instruments and we recognize the vesting of the awards ratably over their respective terms. See Note 13 for a description of our share-based compensation plan and information related to awards granted under the plan. We estimate the fair value of stock options using the Black-Scholes-Merton valuation model. Significant assumptions used in the calculation are as follows: • We have historically determined the expected term under the simplified method using an average of the contractual term and vesting period of the award. Beginning in 2023 we determine the expected life based on a weighted average of historical grants taking into account the vesting period of awards, time until exercise and expiration dates; • We measure the expected volatility using the historical changes in the market price of our common stock; • We use the implied yield on zero-coupon U.S. Treasury bonds with a remaining maturity equal to the expected term of the awards to approximate the risk-free interest rate; and • We recognize the effects of forfeitures in compensation cost when they occur.
Deferred Stock Units	Deferred Stock Units Non-employee directors can elect to receive all or a portion of their annual retainers in the form of DSUs. The DSUs are recognized at their fair value on the date of grant. Director fees deferred into stock units are calculated and expensed each month by taking fees earned during the month and dividing by the closing price of our common stock on the last trading day of the month, rounded down to the nearest whole share. Each DSU represents the right to receive one share of our common stock following the completion of a director’s service. In addition, certain executive compensation expense is also granted in the form of DSUs.
Restricted Stock Units	Restricted Stock Units Beginning in 2023, non-employee directors received their annual board compensation in the form of restricted stock units (“RSU”s). The RSUs are recognized at their fair value on the date of grant. Each RSU represents the right to receive one share of our common stock once fully vested.
Business Combinations	Business Combinations Our acquisitions are accounted for in accordance with ASC Topic 805, Business Combinations. In purchase accounting, identifiable assets acquired and liabilities assumed are recognized at their estimated fair values at the acquisition date, and any remaining purchase price is recorded as goodwill. In determining the fair values of assets acquired and liabilities assumed, we make significant estimates and assumptions, particularly with respect to long-lived tangible and intangible assets. Critical estimates used in valuing tangible and intangible assets include, but are not limited to, future expected cash flows, discount rates, market prices and asset lives. See Note 3 for more information related to our most recent acquisition. Our consolidated financial statements include the results of operations from the date of such acquisition. We expense all acquisition-related costs as incurred in selling, general and administrative expenses in the consolidated statements of operations.
Recent Accounting Pronouncements	Recent Accounting Pronouncements Adopted In June 2016, the Financial Accounting Standards Board (“FASB”) issued ASU 2016-13, Financial Instruments – Credit Losses (Topic 326) , which provides guidance on measuring credit losses on financial instruments. 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. Pending Adoption In November 2023, the FASB issued ASU 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures , which requires incremental disclosures related to reportable segments, including significant segment expense categories and amounts for each reportable segment. Entities with a single reportable segment are required to provide the new disclosures required under ASC 280. This authoritative guidance is required to be applied retrospectively and will be effective for our annual disclosures beginning in 2024 and interim periods starting 2025. This guidance is only related to disclosures and is not expected to have a significant impact on our consolidated financial statements. In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures , which requires entities to provide additional disclosure related to the transparency and decision usefulness of income tax disclosures, including additional disclosure around the rate reconciliation and income taxes paid. The authoritative guidance should be applied prospectively and will be effective for us starting in 2025. Retrospective application is permitted. This guidance is only related to disclosures and is not expected to have a significant impact on our consolidated financial statements. 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.

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2023
Accounting Policies [Abstract]
Changes in Allowance for Doubtful Accounts	The changes in our allowance for doubtful accounts for the years ended December 31, 2023 and 2022, were as follows: Years ended December 31, 2023 2022 Beginning balance $ 2,176,010 $ 840,522 Bad debt expense 1,746,877 1,737,169 Uncollectible accounts written off, net ( 2,341,292 ) ( 401,681 ) Ending balance $ 1,581,595 $ 2,176,010
Schedule of Property and Equipment Useful Lives	The useful lives of property and equipment for purposes of computing depreciation are as follows: Computer equipment 3 to 5 years Office furniture and fixtures 5 to 7 years Machinery and equipment 5 to 7 years Leasehold improvements 5 to 7 years
Schedule of Number of Customers that Accounted for More than Ten Percentage of Annual Sales and Receivable Balances	The following table discloses the number of customers that accounted for more than 10% of our annual revenue and their related receivable balances for the years ended December 31, 2023 and 2022: Customers Exceeding 10% Year Number of Revenue Accounts Receivable 2023 2 29 % 18 % 2022 2 24 % 18 %

Property and Equipment, Net, _2

Property and Equipment, Net, and Other Assets (Tables)	12 Months Ended
	Dec. 31, 2023
Property, Plant and Equipment [Abstract]
Components Property and Equipment, Net, and Other Assets	At December 31, 2023 and 2022, Property and equipment, net, and other assets consisted of the following: As of December 31, 2023 2022 Machinery and equipment $ 3,321,220 $ 3,159,483 Office furniture and fixtures 573,686 568,040 Leasehold improvements 715,312 719,781 Computer equipment 451,329 676,197 Property and equipment, gross 5,061,547 5,123,501 Accumulated depreciation ( 2,932,371 ) ( 2,499,797 ) Property and equipment, net 2,129,176 2,623,704 Right-of-use operating lease assets 1,862,455 2,385,870 Security deposits and other assets 634,459 901,653 Property and equipment, net, and other assets $ 4,626,090 $ 5,911,227

Goodwill and Other Intangible_2

Goodwill and Other Intangible Assets (Tables)	12 Months Ended
	Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Finite-Lived Intangible Assets	The components of goodwill and other intangible assets are as follows: December 31, 2023 Estimated Gross Carrying Accumulated Net Finite lived intangible assets: Customer relationships 5 years $ 39,250,000 $ 17,636,463 $ 21,613,537 Software 7 years 4,230,291 1,819,287 2,411,004 Trademarks 7 years 2,026,163 657,331 1,368,832 Non-compete agreements 3 years 2,250,000 1,591,945 658,055 Total finite lived intangible assets $ 47,756,454 $ 21,705,026 $ 26,051,428 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 Changes in Goodwill	Carrying Changes in goodwill: Balance at December 31, 2021 $ 80,621,503 Addition related to acquisitions 541,766 RWS purchase price allocation adjustment 3,594,937 Purchase price adjustment ( 500,000 ) Balance at December 31, 2022 $ 84,258,206 RWS pre-acquisition adjustments 1,570,032 Balance at December 31, 2023 $ 85,828,238
Summary of Estimate Future Amortization Expense	We estimate future amortization expense as of December 31, 2023 to be approximately as follows: Year Ending December 31, Amount 2024 $ 9,150,459 2025 8,302,642 2026 6,704,479 2027 665,909 2028 559,417 Thereafter 668,522 Total $ 26,051,428

Current Liabilities (Tables)

Current Liabilities (Tables)	12 Months Ended
	Dec. 31, 2023
Current Liabilities Disclosure [Abstract]
Components of Accounts Payable and Accrued Liabilities	The components of Accounts payable and accrued liabilities are as follows: As of December 31, 2023 2022 Accounts payable $ 38,600,461 $ 28,744,858 Accrued taxes 484,854 331,936 Employee compensation 1,478,826 1,812,028 Operating lease liability - current portion 493,928 489,938 Miscellaneous 238,097 828,701 $ 41,296,166 $ 32,207,461
Components of Other Current Liabilities	The components of Other current liabilities are as follows: As of December 31, 2023 2022 Deferred revenue $ 1,509,690 $ 2,731,350 Deferred consideration - earn-out 960,000 1,957,255 $ 2,469,690 $ 4,688,605 We made a $ 1.2 million earnout payment in 2023 related to an acquisition.

Notes Payable (Tables)

Notes Payable (Tables)	12 Months Ended
	Dec. 31, 2023
Debt Disclosure [Abstract]
Schedule of Debt Obligations	Our debt obligations are as follows: Years ended December 31, Interest Rate (1) 2023 2022 Monroe Term Loan (2) 11.96 % $ 53,500,656 $ 61,073,151 Green Remedies Promissory Note (3) 3.00 % 1,101,120 1,637,970 PNC ABL Facility (4) 7.50 % 13,245,489 12,238,034 Total notes payable 67,847,265 74,949,155 Less: Current portion of long-term debt ( 1,158,800 ) ( 1,158,800 ) Less: Unamortized debt issuance costs ( 1,345,339 ) ( 2,122,715 ) Less: Unamortized OID ( 185,793 ) ( 288,643 ) Less: Unamortized OID warrant ( 519,153 ) ( 806,106 ) Notes payable, net $ 64,638,180 $ 70,572,891 (1) Interest rates as of December 31, 2023 (2) Bears interest based on SOFR plus Applicable Margin ranging from 5.5 % to 7.5 % (3) Stated interest rate of 3.0 % (4) Bears interest based on Adjusted Term SOFR plus a margin ranging from 1.75 % to 2.25 %
Schedule of Future Minimum Principal Payments	The future minimum principal payments as of December 31, 2023 are as follows: Year Ending December 31, Amount 2024 $ 1,158,850 2025 66,688,415 Total $ 67,847,265
Schedule of Changes in Debt Issuance Costs	The table below summarizes changes in debt issuance costs. December 31, 2023 2022 Debt issuance costs Beginning balance $ 2,122,715 $ 2,637,483 Financing costs deferred — 214,550 Less: Amortization expense ( 777,376 ) ( 729,318 ) Debt issuance costs, net of accumulated amortization $ 1,345,339 $ 2,122,715

Leases (Tables)

Leases (Tables)	12 Months Ended
	Dec. 31, 2023
Lessee Disclosure [Abstract]
Future Minimum Lease Payments Required Under Office Leases	The future minimum lease payments required under our office leases as of December 31, 2023 are as follows: Year Ending December 31, Amount 2024 $ 573,969 2025 495,161 2026 484,441 2027 387,909 Total lease payments 1,941,480 Less: Interest ( 172,861 ) Present value of lease payments $ 1,768,619
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 as of December 31, 2023 and 2022 are de minimis. As of December 31, 2023 2022 Operating Leases Right-of-use operating lease assets: Property and equipment, net and other assets $ 1,862,455 $ 2,385,870 Lease liabilities: Accounts payable and accrued liabilities $ 493,928 $ 489,938 Other long-term liabilities 1,274,691 1,724,244 Total operating lease liabilities $ 1,768,619 $ 2,214,182

Revenue (Tables)

Revenue (Tables)	12 Months Ended
	Dec. 31, 2023
Revenue from Contract with Customer [Abstract]
Summary of Revenue Disaggregated by Source	The following table presents our revenue disaggregated by source. Year Ended December 31, 2023 2022 Revenue Type: Services $ 277,280,099 $ 273,796,746 Product sales and other 11,097,553 10,241,077 Total revenue $ 288,377,652 $ 284,037,823

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2023
Income Tax Disclosure [Abstract]
Components of Net Deferred Taxes	The components of net deferred taxes are as follows: As of December 31, 2023 2022 Deferred tax assets (liabilities): Net operating loss $ 1,531,000 $ 1,447,000 Depreciation and amortization 7,336,000 5,490,000 Stock-based compensation 4,780,000 4,638,000 Interest expense 2,952,000 1,276,000 Capitalized software costs ( 53,000 ) ( 278,000 ) Bonus accrual 210,000 284,000 Allowance for doubtful accounts 412,000 567,000 Other 245,000 575,000 Total deferred tax assets, net 17,413,000 13,999,000 Less: valuation allowance ( 17,413,000 ) ( 13,999,000 ) Net deferred taxes $ — $ —
Schedule of Provision of Income Taxes	The provision for income taxes consisted of the following: Years Ended December 31, 2023 2022 Current $ 386,932 $ 172,604 Deferred — — Total $ 386,932 $ 172,604
Schedule of Effective Income Tax Rate Reconciliation	The reconciliation between the income tax expense calculated by applying statutory rates to net income (loss) and the income tax expense reported in the accompanying consolidated financial statements is as follows: Years Ended December 31, 2023 2022 U.S. federal statutory rate applied to pretax loss $ ( 1,450,000 ) $ ( 1,234,000 ) State taxes - current, net of federal benefit 386,932 172,604 State taxes - deferred ( 428,000 ) ( 411,000 ) Permanent differences ( 306,000 ) ( 471,000 ) Benefit of federal operating loss carryforwards ( 332,000 ) ( 845,000 ) Change in state tax rates and other ( 898,000 ) 100,000 Change in valuation allowance 3,414,000 2,861,000 $ 386,932 $ 172,604

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)	12 Months Ended
	Dec. 31, 2023
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Summary of Warrant Activity	The following table summarizes the warrants issued and outstanding as of December 31, 2023: Warrants Issued and Outstanding as of December 31, 2023 Date of Exercise Shares of Description Issuance Expiration Price 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 850,000
Summary of Stock Option Activity	The following table summarizes the stock option activity from January 1, 2022 through December 31, 2023: Stock Options Weighted- Exercise Average Number Price Per Exercise Price of Shares Share Per Share Outstanding at January 1, 2022 3,280,585 $ 1.17 — $ 23.20 $ 2.87 Granted 384,889 $ 4.08 — $ 8.68 $ 5.23 Exercised ( 414,001 ) $ 1.51 — $ 6.40 $ 1.83 Canceled/Forfeited ( 72,085 ) $ 1.51 — $ 16.80 $ 5.76 Outstanding at December 31, 2022 3,179,388 $ 1.17 — $ 23.20 $ 3.23 Granted 152,500 $ 5.50 $ 5.50 Exercised ( 418,478 ) $ 1.17 — $ 4.08 $ 2.14 Canceled/Forfeited ( 44,397 ) $ 1.51 — $ 21.20 $ 14.42 Outstanding at December 31, 2023 2,869,013 $ 1.17 — $ 23.20 $ 3.33
Summary of Stock Option Outstanding	The following additional information applies to options outstanding at December 31, 2023: Range of Outstanding at Weighted- Weighted- Exercisable at Weighted- $ 1.17 — $ 23.20 2,869,013 5.5 $ 3.33 2,491,466 $ 3.02 The following additional information applies to options outstanding at December 31, 2022: Range of Outstanding at Weighted- Weighted- Exercisable at Weighted- $ 1.17 — $ 23.20 3,179,388 6.1 $ 3.23 2,504,292 $ 2.98
Schedule of Weighted-Average Estimated Value of Employee Stock Options Granted	The weighted-average estimated value of employee stock options granted during the years ended December 31, 2023 and 2022 were estimated using the Black-Scholes-Merton option pricing model with the following weighted-average assumptions: Years Ended December 31, 2023 2022 Expected volatility 69 % 71 % Risk-free interest rate 3.58 % 2.79 % Expected dividends 0.00 % 0.00 % Expected term in years 6.0 5.9

Net Loss per Share (Tables)

Net Loss per Share (Tables)	12 Months Ended
	Dec. 31, 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: Years Ended December 31, 2023 2022 Numerator: Net loss $ ( 7,291,285 ) $ ( 6,047,986 ) Denominator: Weighted average common shares outstanding, basic 20,123,221 19,473,786 Effect of dilutive securities — — Weighted average common shares outstanding, diluted 20,123,221 19,473,786 Net loss per share Basic $ ( 0.36 ) $ ( 0.31 ) Diluted $ ( 0.36 ) $ ( 0.31 ) Anti-dilutive securities excluded from diluted net loss per share Stock options 62,968 244,907 Total anti-dilutive securities excluded from diluted net loss per share 62,968 244,907

Supplemental Cash Flow Inform_2

Supplemental Cash Flow Information (Tables)	12 Months Ended
	Dec. 31, 2023
Supplemental Cash Flow Elements [Abstract]
Summary of Supplemental Information to Consolidated Statements of Cash Flows	The following is provided as supplemental information to the consolidated statements of cash flows: Years Ended December 31, 2023 2022 Supplemental cash flow information: Cash paid for interest $ 8,568,312 $ 5,720,406 Cash paid for income taxes $ 366,361 $ 330,866 Supplemental non-cash activities: Seller consideration settled in shares of common stock $ — $ 1,342,125

Summary of Significant Accoun_4

Summary of Significant Accounting Policies - Additional Information (Detail) - USD ($)	3 Months Ended		12 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Sep. 01, 2019
Significant Accounting Policies [Line Items]
Allowance for doubtful accounts receivable			$ 1,581,595	$ 2,176,010	$ 840,522
Impairment charges for long-lived assets			0	0
Impairment of goodwill	$ 0	$ 0
Advertising expense			$ 40,160	$ 39,029
Deferred Stock Units [Member]
Significant Accounting Policies [Line Items]
Number of stock unit received						1
Maximum [Member]
Significant Accounting Policies [Line Items]
Lease initial term			12 months

Summary of Significant Accoun_5

Summary of Significant Accounting Policies - Changes in Allowance for Doubtful Accounts (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Receivables [Abstract]
Beginning balance	$ 2,176,010	$ 840,522
Bad debt expense	1,746,877	1,737,169
Uncollectible accounts written off, net	(2,341,292)	(401,681)
Ending balance	$ 1,581,595	$ 2,176,010

Summary of Significant Accoun_6

Summary of Significant Accounting Policies - Schedule of Property and Equipment Useful Lives (Detail)	Dec. 31, 2023
Minimum [Member] | Computer Equipment [Member]
Significant Accounting Policies [Line Items]
Useful lives of property and equipment	3 years
Minimum [Member] | Office Furniture and Fixtures [Member]
Significant Accounting Policies [Line Items]
Useful lives of property and equipment	5 years
Minimum [Member] | Machinery and Equipment [Member]
Significant Accounting Policies [Line Items]
Useful lives of property and equipment	5 years
Minimum [Member] | Leasehold Improvements [Member]
Significant Accounting Policies [Line Items]
Useful lives of property and equipment	5 years
Maximum [Member] | Computer Equipment [Member]
Significant Accounting Policies [Line Items]
Useful lives of property and equipment	5 years
Maximum [Member] | Office Furniture and Fixtures [Member]
Significant Accounting Policies [Line Items]
Useful lives of property and equipment	7 years
Maximum [Member] | Machinery and Equipment [Member]
Significant Accounting Policies [Line Items]
Useful lives of property and equipment	7 years
Maximum [Member] | Leasehold Improvements [Member]
Significant Accounting Policies [Line Items]
Useful lives of property and equipment	7 years

Summary of Significant Accoun_7

Summary of Significant Accounting Policies - Schedule of Number of Customers that Accounted for More than Ten Percentage of Annual Sales and Receivable Balances (Detail) - Customer	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Concentration Risk [Line Items]
Number of Customers	2	2
Revenue [Member]
Concentration Risk [Line Items]
Number of Customers	2	2
Customer Accounted [Member] | Revenue [Member] | Customers [Member]
Concentration Risk [Line Items]
Revenue Combined Percent	29%	24%
Customer Accounted [Member] | Accounts Receivable | Customers [Member]
Concentration Risk [Line Items]
Revenue Combined Percent	18%	18%

Acquisition - Additional Inform

Acquisition - Additional Information (Detail) - USD ($)		12 Months Ended
	Feb. 10, 2022	Dec. 31, 2022
Business Acquisition [Line Items]
Cash consideration		$ 2,636,127
Independent Environmental Services Company [Member]
Business Acquisition [Line Items]
Cash consideration	$ 3,350,000

Property and Equipment, Net, _3

Property and Equipment, Net, and Other Assets - Components of Property and Equipment, Net, and Other Assets (Detail) - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Property Plant And Equipment [Line Items]
Property and equipment, gross	$ 5,061,547	$ 5,123,501
Accumulated depreciation	(2,932,371)	(2,499,797)
Property and equipment, net	2,129,176	2,623,704
Right-of-use operating lease assets	1,862,455	2,385,870
Security deposits and other assets	634,459	901,653
Property and equipment, net, and other assets	4,626,090	5,911,227
Machinery and Equipment [Member]
Property Plant And Equipment [Line Items]
Property and equipment, gross	3,321,220	3,159,483
Office Furniture and Fixtures [Member]
Property Plant And Equipment [Line Items]
Property and equipment, gross	573,686	568,040
Leasehold Improvements [Member]
Property Plant And Equipment [Line Items]
Property and equipment, gross	715,312	719,781
Computer Equipment [Member]
Property Plant And Equipment [Line Items]
Property and equipment, gross	$ 451,329	$ 676,197

Property and Equipment, Net, _4

Property and Equipment, Net, and Other Assets - Additional Information (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Feb. 20, 2018
Property And Equipment Net And Other Assets [Line Items]
Depreciation	$ 805,821	$ 744,858
Asset Purchase Agreement [Member] | Earth Media Partners, LLC [Member]
Property And Equipment Net And Other Assets [Line Items]
Percentage of ownership interest			19%
Ownership interest amount recorded as investment			$ 246,585
Accrued earn-out amount	320,167	327,667
Asset Purchase Agreement [Member] | Earth Media Partners, LLC [Member] | Wholly Owned Subsidiary and Earth911, Inc. [Member] | Disposal Group, Not Discontinued Operations [Member]
Property And Equipment Net And Other Assets [Line Items]
Future earn-out amount			$ 350,000
Service [Member]
Property And Equipment Net And Other Assets [Line Items]
Depreciation reflected in cost of revenue	$ 377,872	$ 316,405

Goodwill and Other Intangible_3

Goodwill and Other Intangible Assets - Schedule of Finite-Lived Intangible Assets (Detail) - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Finite Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 47,756,454	$ 46,118,777
Accumulated Amortization	21,705,026	12,562,437
Net	$ 26,051,428	$ 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	17,636,463	9,808,855
Net	$ 21,613,537	$ 29,441,145
Software [Member]
Finite Lived Intangible Assets [Line Items]
Estimated Useful Life	7 years	7 years
Gross Carrying Amount	$ 4,230,291	$ 2,609,374
Accumulated Amortization	1,819,287	1,541,500
Net	$ 2,411,004	$ 1,067,874
Trademarks [Member]
Finite Lived Intangible Assets [Line Items]
Estimated Useful Life	7 years	7 years
Gross Carrying Amount	$ 2,026,163	$ 2,009,403
Accumulated Amortization	657,331	370,137
Net	$ 1,368,832	$ 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	1,591,945	841,945
Net	$ 658,055	$ 1,408,055

Goodwill and Other Intangible_4

Goodwill and Other Intangible Assets - Schedule of Changes in Goodwill (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Goodwill [Line Items]
Balance at begining period	$ 84,258,206	$ 80,621,503
Addition related to acquisitions		541,766
Purchase price allocation adjustment		(500,000)
Balance at ending period	85,828,238	84,258,206
RWS [Member]
Goodwill [Line Items]
Balance at begining period	3,600,000
Addition related to acquisitions		500,000
Purchase price allocation adjustment		3,594,937
RWS pre-acquisition adjustments	$ 1,570,032
Balance at ending period		$ 3,600,000

Goodwill and Other Intangible_5

Goodwill and Other Intangible Assets - Summary of Estimate Future Amortization Expense (Details)	Dec. 31, 2023 USD ($)
Finite-Lived Intangible Assets, Net, Amortization Expense, Fiscal Year Maturity [Abstract]
2024	$ 9,150,459
2025	8,302,642
2026	6,704,479
2027	665,909
2028	559,417
Thereafter	668,522
Total	$ 26,051,428

Goodwill and Other Intangible_6

Goodwill and Other Intangible Assets - Additional Information (Detail) - USD ($)	3 Months Ended			12 Months Ended
	Dec. 31, 2023	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Goodwill And Other Intangible Assets [Line Items]
Amortization of intangibles				$ 9,142,590	$ 9,221,513
Impairment of goodwill		$ 0	$ 0
Goodwill	$ 85,828,238			85,828,238	84,258,206	$ 80,621,503
Related to current year acquisitions					541,766
Goodwill due to purchase price adjustment					(500,000)
Intangible assets net excluding goodwill	26,051,428			26,051,428	33,556,340
Not Deductible for Tax Purposes [Member]
Goodwill And Other Intangible Assets [Line Items]
Indefinite-lived intangible assets other than goodwill				0
Goodwill	70,800,000			70,800,000
Deductible for Tax Purposes [Member]
Goodwill And Other Intangible Assets [Line Items]
Goodwill	15,000,000			15,000,000
RWS [Member]
Goodwill And Other Intangible Assets [Line Items]
Goodwill					3,600,000
Related to current year acquisitions					500,000
Goodwill due to purchase price adjustment					3,594,937
Adjustment resulted in a net increase goodwill				1,570,032
Adjustment resulted in a net increase accounts payable				$ 2,700,000
Cost of revenue	$ 1,200,000
Other Acquisitions [Member]
Goodwill And Other Intangible Assets [Line Items]
Intangible assets net excluding goodwill					$ 2,800,000

Current Liabilities - Component

Current Liabilities - Components of Accounts Payable and Accrued Liabilities (Detail) - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Accounts Payable and Accrued Liabilities, Current [Abstract]
Accounts payable	$ 38,600,461	$ 28,744,858
Accrued taxes	484,854	331,936
Employee compensation	1,478,826	1,812,028
Operating lease liabilities - current portion	493,928	489,938
Miscellaneous	238,097	828,701
Accounts payable and accrued liabilities	$ 41,296,166	$ 32,207,461

Current Liabilities - Compone_2

Current Liabilities - Components of Other Current Liabilities (Detail) - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Other Liabilities, Current [Abstract]
Deferred revenue	$ 1,509,690	$ 2,731,350
Deferred consideration - earn-out	960,000	1,957,255
Other current liabilities	$ 2,469,690	$ 4,688,605

Current Liabilities - Additiona

Current Liabilities - Additional Information (Detail) $ in Millions	Dec. 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 ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Debt Instrument [Line Items]
Total notes payable	$ 67,847,265	$ 74,949,155
Less: Current portion of long-term debt	(1,158,800)	(1,158,800)
Less: Unamortized debt issuance costs	(1,345,339)	(2,122,715)
Less: Unamortized OID	(185,793)	(288,643)
Less: Unamortized OID warrant	(519,153)	(806,106)
Notes payable, net	$ 64,638,180	70,572,891
Monroe Term Loan [Member]
Debt Instrument [Line Items]
Interest Rate	11.96%
Total notes payable	$ 53,500,656	61,073,151
Green Remedies Promissory Note [Member]
Debt Instrument [Line Items]
Interest Rate	3%
Total notes payable	$ 1,101,120	1,637,970
PNC ABL Facility [Member]
Debt Instrument [Line Items]
Interest Rate	7.50%
Total notes payable	$ 13,245,489	$ 12,238,034

Notes Payable - Schedule of D_2

Notes Payable - Schedule of Debt Obligations (Parenthetical) (Detail)	12 Months Ended
	Dec. 31, 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%
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 Fut

Notes Payable - Schedule of Future Minimum Principal Payments (Detail) - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Debt Disclosure [Abstract]
2024	$ 1,158,850
2025	66,688,415
Total	$ 67,847,265	$ 74,949,155

Notes Payable - Schedule of Cha

Notes Payable - Schedule of Changes in Debt Issuance Costs (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Debt Disclosure [Abstract]
Beginning balance	$ 2,122,715	$ 2,637,483
Financing costs deferred		214,550
Less: Amortization expense	(777,376)	(729,318)
Debt issuance costs, net of accumulated amortization	$ 1,345,339	$ 2,122,715

Notes Payable - Additional Info

Notes Payable - Additional Information (Detail) - USD ($)			12 Months Ended
	Oct. 19, 2020	Aug. 05, 2020	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Oct. 31, 2020
Debt Instrument [Line Items]
Borrowings			$ 67,847,265	$ 74,949,155
Proceeds from loan				3,500,000
Debt instrument annual interest rate	3%
Aggregate principal amount	$ 2,684,250
Interest expense related to borrowings			7,785,516	6,002,649
Debt issuance cost				3,323,906
Interest expense related to amortization of debt issuance fees, and debt discount costs, interest related to vendor supply chain financing programs			1,943,582	1,278,092
Unamortized portion of debt discount			1,345,339	2,122,715
Interest expense related to amortization of debt issuance costs			777,376	$ 729,318
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	$ 1.50
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
Revolving credit current borrowing facility, outstanding			53,500,000
Percentage of original principal amount	1%
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%
Revolving credit facility, increase (decrease)		$ 10,000,000
Revolving credit current borrowing facility			25,000,000
Revolving credit current borrowing facility, outstanding			$ 13,245,489
ABL Facility [Member] | Base Rate [Member] | Minimum [Member]
Debt Instrument [Line Items]
Debt instrument interest rate			0.75%
ABL Facility [Member] | Base Rate [Member] | Maximum [Member]
Debt Instrument [Line Items]
Debt instrument interest rate			1.25%
ABL Facility [Member] | SOFR [Member]
Debt Instrument [Line Items]
Debt instrument interest rate			(7.50%)
ABL Facility [Member] | SOFR [Member] | Minimum [Member]
Debt Instrument [Line Items]
Debt instrument interest rate			1.75%
ABL Facility [Member] | SOFR [Member] | Maximum [Member]
Debt Instrument [Line Items]
Debt instrument interest rate			2.25%

Leases - Additional Information

Leases - Additional Information (Detail)	12 Months Ended
	Dec. 31, 2023 USD ($) SquareFeet	Dec. 31, 2022 USD ($)
Lessee Lease Description [Line Items]
Amount of square space rented | SquareFeet	16,200
Operating right-of-use asset	$ 1,862,455	$ 2,385,870
Operating lease liabilities	1,768,619	2,214,182
Fixed cost operating lease expense	753,818	$ 946,840
Texas [Member]
Lessee Lease Description [Line Items]
Operating right-of-use asset	$ 1,600,000
Lessee, Operating Lease, Remaining Lease Term	4 years
Lessee, Operating Lease, Discount Rate	4.56%
Pennsylvania [Member] | RWS [Member]
Lessee Lease Description [Line Items]
Operating right-of-use asset	$ 716,000
Operating leases expiration period	2026-10
Lessee, Operating Lease, Remaining Lease Term	2 years 9 months 18 days
Lessee, Operating Lease, Discount Rate	7.50%
South Carolina [Member]
Lessee Lease Description [Line Items]
Operating right-of-use asset	$ 255,000
Operating leases expiration period	2024-12
Lessee, Operating Lease, Remaining Lease Term	10 months 24 days
Lessee, Operating Lease, Discount Rate	8.75%

Leases - Future Minimum Lease P

Leases - Future Minimum Lease Payments Required Under Office Leases (Detail) - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Lessee, Operating Lease, Liability, to be Paid, Fiscal Year Maturity [Abstract]
2024	$ 573,969
2025	495,161
2026	484,441
2027	387,909
Total lease payments	1,941,480
Less: Interest	(172,861)
Present value of lease payments	$ 1,768,619	$ 2,214,182

Leases - Summary of Lease Relat

Leases - Summary of Lease Related Assets and Liabilities Recorded on Balance Sheet (Detail) - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Assets and Liabilities, Lessee [Abstract]
Right-of-use operating lease assets	$ 1,862,455	$ 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	$ 493,928	$ 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	$ 1,274,691	$ 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	$ 1,768,619	$ 2,214,182

Revenue - Additional Informatio

Revenue - Additional Information (Detail)	12 Months Ended
	Dec. 31, 2023 USD ($) Customer	Dec. 31, 2022 USD ($) Customer
Revenue Recognition [Line Items]
Revenue	$ 288,377,652	$ 284,037,823
Number of customer | Customer	2	2
Deferred contract costs	$ 0	$ 566,667
Deferred revenue	1,509,690	2,731,350
Selling, General and Administrative Expense [Member]
Revenue Recognition [Line Items]
Amortized deferred contract costs	$ 333,333	$ 408,333
Sales Revenue Net [Member]
Revenue Recognition [Line Items]
Number of customer | Customer	2	2
Customer Concentration Risk [Member] | Sales Revenue Net [Member] | Customers [Member]
Revenue Recognition [Line Items]
Percentage of revenue	29%	24%
Management Fee [Member]
Revenue Recognition [Line Items]
Revenue	$ 445,107	$ 484,229

Revenue - Summary of Revenue Di

Revenue - Summary of Revenue Disaggregated by Source (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Disaggregation Of Revenue [Line Items]
Total revenue	$ 288,377,652	$ 284,037,823
Services [Member]
Disaggregation Of Revenue [Line Items]
Total revenue	277,280,099	273,796,746
Product Sales and Other [Member]
Disaggregation Of Revenue [Line Items]
Total revenue	$ 11,097,553	$ 10,241,077

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Income Tax [Line Items]
Valuation allowance	$ 17,413,000	$ 13,999,000
Federal corporate income tax rate	26%
Income tax expense	$ 386,932	172,604
Federal income tax net operating loss carry forward	5,900,000	5,600,000
net operating loss	$ 1,531,000	1,447,000
Minimum [Member]
Income Tax [Line Items]
Net operating loss carry forwards expiration year	2034
Maximum [Member]
Income Tax [Line Items]
Net operating loss carry forwards expiration year	2037
State [Member]
Income Tax [Line Items]
Operating loss carryforwards	$ 0	$ 0

Income Taxes - Components of Ne

Income Taxes - Components of Net Deferred Taxes (Detail) - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Income Tax Disclosure [Abstract]
Net operating loss	$ 1,531,000	$ 1,447,000
Depreciation and amortization	7,336,000	5,490,000
Stock-based compensation	4,780,000	4,638,000
Interest expense	2,952,000	1,276,000
Capitalized software costs	(53,000)	(278,000)
Bonus accrual	210,000	284,000
Allowance for doubtful accounts	412,000	567,000
Other	245,000	575,000
Total deferred tax assets, net	17,413,000	13,999,000
Less: valuation allowance	(17,413,000)	(13,999,000)
Net deferred taxes	$ 0	$ 0

Income Taxes - Schedule of Prov

Income Taxes - Schedule of Provision of Income Taxes (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Income Tax Disclosure [Abstract]
Current	$ 386,932	$ 172,604
Deferred	0	0
Total income tax expense (benefit)	$ 386,932	$ 172,604

Income Taxes - Schedule of Effe

Income Taxes - Schedule of Effective Income Tax Rate Reconciliation (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Income Tax Disclosure [Abstract]
U.S. federal statutory rate applied to pretax income (loss)	$ (1,450,000)	$ (1,234,000)
State taxes - current, net of federal benefit	386,932	172,604
State taxes - deferred	(428,000)	(411,000)
Permanent differences	(306,000)	(471,000)
Benefit of federal operating loss carryforwards	(332,000)	(845,000)
Change in state tax rates and other	(898,000)	100,000
Change in valuation allowance	3,414,000	2,861,000
Total income tax expense (benefit)	$ 386,932	$ 172,604

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Commitments and Contingencies Disclosure [Abstract]
Liabilities incurred to defend lawsuits	$ 0	$ 0
Plan contribution expense	$ 348,781	$ 270,477

Stockholders' Equity - Addition

Stockholders' Equity - Additional Information (Detail) - $ / shares	Dec. 31, 2023	Dec. 31, 2022
Schedule Of Stockholders Equity [Line Items]
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	20,161,400	19,696,006
Common stock, shares outstanding	20,161,400	19,696,006

Stockholders' Equity - Additi_2

Stockholders' Equity - Additional Information - Employee Stock Purchase Plan (Detail) - USD ($)					12 Months Ended
	Nov. 15, 2023	May 16, 2023	Nov. 16, 2022	May 16, 2022	Dec. 31, 2023	Dec. 31, 2022
Schedule Of Stockholders Equity [Line Items]
Employee stock purchase plan expense					$ 102,899	$ 92,180
Shares issued for employee stock purchase plans options, shares	24,028	22,888	23,131	17,720	46,916	40,851
Shares issued for employee stock purchase plans options	$ 117,437	$ 107,002	$ 100,076	$ 76,666	$ 224,439	$ 176,742

Stockholders' Equity - Summary

Stockholders' Equity - Summary of Warrants Issued and Outstanding (Detail)	12 Months Ended
	Dec. 31, 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
Date of Expiration	Mar. 19, 2028
Exercise Price | $ / shares	$ 1.50
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
Date of Expiration	Mar. 19, 2028
Exercise Price | $ / shares	$ 1.50
Shares of Common Stock	350,000

Stockholders' Equity - Additi_3

Stockholders' Equity - Additional Information - Warrants (Detail) - shares	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Schedule Of Stockholders Equity [Line Items]
Warrants issued	152,500	384,889
Warrants exercised	418,478	414,001
Warrants expired	44,397	72,085
Warrant [Member]
Schedule Of Stockholders Equity [Line Items]
Warrants issued	0	0
Warrants exercised	0	0
Warrants expired	0	0

Stockholders' Equity - Additi_4

Stockholders' Equity - Additional Information - Incentive Compensation Plan (Detail)	Oct. 31, 2012 shares
Incentive Compensation Plan [Member] | Maximum [Member]
Schedule Of Stockholders Equity [Line Items]
Number of shares available for grant	4,830,437

Stockholders' Equity - Summar_2

Stockholders' Equity - Summary of Stock Option Activity (Detail) - $ / shares	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Outstanding Beginning Balance, Number of Shares	3,179,388	3,280,585
Granted, Number of Shares	152,500	384,889
Exercised, Number of Shares	(418,478)	(414,001)
Canceled/Forfeited, Number of Shares	(44,397)	(72,085)
Outstanding Ending Balance, Number of Shares	2,869,013	3,179,388	3,280,585
Outstanding Beginning Balance, Weighted-Average Exercise Price Per Share	$ 3.23	$ 2.87
Granted, Weighted-Average Exercise Price Per Share	5.50	5.23
Exercised, Weighted-Average Exercise Price Per Share	2.14	1.83
Cancelled/Forfeited, Weighted-Average Exercise Price Per Share	14.42	5.76
Outstanding Ending Balance, Weighted-Average Exercise Price Per Share	3.33	3.23	$ 2.87
Exercise Price Per Share, Minimum	1.17	1.17
Exercise Price Per Share, Maximum	23.20	23.20
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			$ 23.20
Granted, $4.08 - $8.68 [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Exercise Price Per Share, Minimum		4.08
Exercise Price Per Share, Maximum		8.68
Exercised, $1.51 - $6.40 [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Exercise Price Per Share, Minimum		1.51
Exercise Price Per Share, Maximum		6.4
Cancelled/Forfeited, $1.51 - $16.80 [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Exercise Price Per Share, Minimum		1.51
Exercise Price Per Share, Maximum		16.80
Oustanding, $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		$ 23.20
Granted, $5.50 [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Exercise Price Per Share, Minimum	5.50
Excercised, $1.17 - $4.08 [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Exercise Price Per Share, Minimum	1.17
Exercise Price Per Share, Maximum	4.08
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	21.20
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	$ 23.20

Stockholders' Equity - Additi_5

Stockholders' Equity - Additional Information - Stock Options (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Schedule Of Stockholders Equity [Line Items]
Options outstanding, intrinsic value	$ 11,623,637	$ 9,841,358
Options exercisable, intrinsic value	10,877,904	8,422,306
Stock-based compensation expense	881,397	$ 994,361
Unvested share-based awards	$ 1,000,000
Expected weighted average period to recognize unearned stock-based compensation	2 years
Stock Options [Member]
Schedule Of Stockholders Equity [Line Items]
Weighted-average grant-date fair value	$ 3.53	$ 3.36

Stockholders' Equity - Summar_3

Stockholders' Equity - Summary of Stock Option Outstanding (Detail) - $ / shares	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Equity [Abstract]
Option Outstanding - Range of Exercise Prices, Lower Limit	$ 1.17	$ 1.17
Option Outstanding - Range of Exercise Prices, Upper Limit	$ 23.20	$ 23.20
Option Outstanding - Number of Shares	2,869,013	3,179,388	3,280,585
Option Outstanding - Weighted-Average Remaining Contractual Life	5 years 6 months	6 years 1 month 6 days
Option Outstanding - Weighted Average Exercise Price	$ 3.33	$ 3.23	$ 2.87
Option Exercisable	2,491,466	2,504,292
Option Exercisable - Weighted Average Exercise Price	$ 3.02	$ 2.98

Stockholders' Equity - Schedule

Stockholders' Equity - Schedule of Weighted-Average Estimated Value of Employee Stock Options Granted (Detail)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Equity [Abstract]
Expected volatility	69%	71%
Risk-free interest rate	3.58%	2.79%
Expected dividends	0%	0%
Expected term in years	6 years	5 years 10 months 24 days

Stockholders' Equity - Additi_6

Stockholders' Equity - Additional Information - Deferred Stock Units (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Director [Member]
Schedule Of Stockholders Equity [Line Items]
Compensation expense related to grants	$ 40,732	$ 39,142
Executive Employees [Member]
Schedule Of Stockholders Equity [Line Items]
Deferred stock units	14,089	35,201
Deferred Stock Units [Member]
Schedule Of Stockholders Equity [Line Items]
Deferred stock units	6,131	6,719
Compensation expense related to grants	$ 118,162
DSUs outstanding	231,635	211,415
Deferred Stock Units [Member] | Executive Employees [Member]
Schedule Of Stockholders Equity [Line Items]
Compensation expense related to grants		$ 157,885

Stockholders' Equity - Additi_7

Stockholders' Equity - Additional Information - Restricted Stock Units (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Director [Member]
Schedule Of Stockholders Equity [Line Items]
Compensation expense related to grants	$ 40,732	$ 39,142
Restricted Stock Units [Member]
Schedule Of Stockholders Equity [Line Items]
RSUs granted	61,056
RSUs outstanding	61,056	0
RSUs vested	0
Number of stock unit received	1
Restricted Stock Units [Member] | Director [Member]
Schedule Of Stockholders Equity [Line Items]
Compensation expense related to grants	$ 169,203

Net Loss per Share - Computatio

Net Loss per Share - Computation of Basic and Diluted Net Loss per Share Attributable to Common Stockholders (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Numerator:
Net loss	$ (7,291,285)	$ (6,047,986)
Denominator:
Weighted average common shares outstanding, basic	20,123,221	19,473,786
Weighted average common shares outstanding, diluted	20,123,221	19,473,786
Net loss per share
Basic	$ (0.36)	$ (0.31)
Diluted	$ (0.36)	$ (0.31)
Anti-dilutive securities excluded from diluted net loss per share
Anti-dilutive securities excluded from diluted net loss per share	62,968	244,907
Stock options [Member]
Anti-dilutive securities excluded from diluted net loss per share
Anti-dilutive securities excluded from diluted net loss per share	62,968	244,907

Supplemental Cash Flow Inform_3

Supplemental Cash Flow Information - Summary of Supplemental Information to Consolidated Statements of Cash Flows (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Supplemental cash flow information:
Cash paid for interest	$ 8,568,312	$ 5,720,406
Cash paid for income taxes	$ 366,361	330,866
Supplemental non-cash activities:
Seller consideration settled in shares of common stock		$ 1,342,125