Quest Resource Holding (QRHC) 10-Q 14 Aug 15 2015 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2015	Aug. 01, 2015
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2015
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	Q2
Trading Symbol	QRHC
Entity Registrant Name	Quest Resource Holding Corporation
Entity Central Index Key	1,442,236
Current Fiscal Year End Date	--12-31
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		111,714,938

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)	Jun. 30, 2015	Dec. 31, 2014
Current assets:
Cash and cash equivalents	$ 541,798	$ 3,154,540
Accounts receivable, less allowance for doubtful accounts of $537,766 and $760,917 as of June 30, 2015 and December 31, 2014, respectively	31,904,463	29,631,843
Prepaid expenses and other current assets	1,152,475	684,032
Total current assets	33,598,736	33,470,415
Goodwill	58,337,290	58,337,290
Intangible assets, net	13,792,127	15,115,617
Property and equipment, net, and other assets	850,399	753,493
Total assets	106,578,552	107,676,815
Current liabilities:
Line of credit		5,250,000
Accounts payable and accrued liabilities	25,868,318	26,621,907
Deferred revenue and other current liabilities	249,696	282,189
Total current liabilities	26,118,014	32,154,096
Line of credit	7,250,000
Other long-term liabilities	35,232	45,206
Total liabilities	$ 33,403,246	$ 32,199,302
Commitments and contingencies
Stockholders’ equity:
Preferred stock, $0.001 par value, 10,000,000 shares authorized, no shares issued or outstanding as of June 30, 2015 and December 31, 2014, respectively
Common stock, $0.001 par value, 200,000,000 shares authorized, 111,714,938 and 111,601,304 shares issued and outstanding as of June 30, 2015 and December 31, 2014, respectively	$ 111,715	$ 111,601
Additional paid-in capital	151,510,248	150,789,292
Accumulated deficit	(78,446,657)	(75,423,380)
Total stockholders’ equity	73,175,306	75,477,513
Total liabilities and stockholders’ equity	$ 106,578,552	$ 107,676,815

CONDENSED CONSOLIDATED BALANCE3

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) (Unaudited) - USD ($)	Jun. 30, 2015	Dec. 31, 2014
Statement Of Financial Position [Abstract]
Allowance for doubtful accounts receivable	$ 537,766	$ 760,917
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	111,714,938	111,601,304
Common stock, shares outstanding	111,714,938	111,601,304

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Income Statement [Abstract]
Revenue	$ 42,330,214	$ 42,514,265	$ 82,338,823	$ 80,674,315
Cost of revenue	38,913,605	39,005,550	75,636,538	73,833,185
Gross profit	3,416,609	3,508,715	6,702,285	6,841,130
Operating expenses:
Selling, general, and administrative	3,906,276	3,491,507	7,683,258	6,485,215
Depreciation and amortization	972,334	953,499	1,951,471	1,905,162
Total operating expenses	4,878,610	4,445,006	9,634,729	8,390,377
Operating loss	(1,462,001)	(936,291)	(2,932,444)	(1,549,247)
Other expense:
Interest expense	(42,236)	(890,453)	(90,833)	(1,765,920)
Total other expense	(42,236)	(890,453)	(90,833)	(1,765,920)
Loss before taxes	(1,504,237)	(1,826,744)	(3,023,277)	(3,315,167)
Net loss	(1,504,237)	(1,826,744)	(3,023,277)	(3,315,167)
Net loss applicable to common stockholders	$ (1,504,237)	$ (1,826,744)	$ (3,023,277)	$ (3,315,167)
Net loss per share
Basic and diluted	$ (0.01)	$ (0.02)	$ (0.03)	$ (0.03)
Weighted average number of common shares outstanding
Basic and diluted	111,686,685	96,649,466	111,652,346	96,237,784

CONDENSED CONSOLIDATED STATEME5

CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY (UNAUDITED) - 6 months ended Jun. 30, 2015 - USD ($)	Total	Common Stock [Member]	Additional Paid-in Capital [Member]	Accumulated Deficit[Member]
Beginning Balance at Dec. 31, 2014	$ 75,477,513	$ 111,601	$ 150,789,292	$ (75,423,380)
Beginning Balance, Shares at Dec. 31, 2014		11,601,304
Stock-based compensation	$ 660,365		660,365
Shares issued for vested restricted stock units, Value		$ 57	(57)
Shares issued for vested restricted stock units, Shares	56,500	56,500
Shares issued for Employee Stock Purchase Plan options, Value	$ 60,705	$ 57	60,648
Shares issued for Employee Stock Purchase Plan options, Shares	57,134	57,134
Net loss	$ (3,023,277)			(3,023,277)
Ending Balance at Jun. 30, 2015	$ 73,175,306	$ 111,715	$ 151,510,248	$ (78,446,657)
Ending Balance, Shares at Jun. 30, 2015		111,714,938

CONDENSED CONSOLIDATED STATEME6

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Cash flows from operating activities:
Net loss	$ (3,023,277)	$ (3,315,167)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation	146,381	142,461
Amortization of intangibles	1,805,090	1,762,701
Amortization of debt discount and deferred financing costs		908,303
Provision for doubtful accounts	2,972	41,338
Stock-based compensation	625,508	580,573
Changes in operating assets and liabilities:
Accounts receivable	(2,275,592)	(3,412,367)
Prepaid expenses and other current assets	(468,443)	(304,610)
Security deposits and other assets	(7,991)	(15,717)
Accounts payable and accrued liabilities	(718,732)	(501,335)
Deferred revenue and other current liabilities	(32,493)	247,059
Other long-term liabilities	1,360
Net cash used in operating activities	(3,945,217)	(3,866,761)
Cash flows from investing activities:
Purchase of property and equipment	(235,296)	(52,554)
Purchase of capitalized software development	(481,600)	(437,840)
Net cash used in investing activities	(716,896)	(490,394)
Cash flows from financing activities:
Proceeds from line of credit	2,000,000	2,500,000
Proceeds from the sale of capital stock	60,705	2,385,000
Repayments of capital lease obligations	(11,334)	(7,952)
Net cash provided by financing activities	2,049,371	4,877,048
Net increase (decrease) in cash and cash equivalents	(2,612,742)	519,893
Cash and cash equivalents at beginning of period	3,154,540	2,676,984
Cash and cash equivalents at end of period	541,798	3,196,877
Supplemental cash flow information:
Cash paid for interest	96,459	732,018
Supplemental non-cash flow activities:
Common stock issued for services and loan fees		33,333
Warrant liability issued for services	34,857	26,826
Notes Payable [Member]
Supplemental non-cash flow activities:
Common stock issued for conversion of notes payable		$ 29,001
Restricted Stock Units [Member]
Supplemental non-cash flow activities:
Common stock issued	$ 57

The Company, Description of Bus

The Company, Description of Business, and Future Liquidity Needs	6 Months Ended
	Jun. 30, 2015
Accounting Policies [Abstract]
The Company, Description of Business, and Future Liquidity Needs	1. The Company, Description of Business, and Future Liquidity Needs The accompanying condensed consolidated financial statements include the accounts of Quest Resource Holding Corporation (“QRHC”) and its subsidiaries, Earth911, Inc. (“Earth911”), Quest Resource Management Group, LLC (“Quest”), Landfill Diversion Innovations, LLC, and Youchange, Inc. (“YouChange”) (collectively, “we,” “us,” or “our company”). Operations – We are an environmental solutions company that serves as a single-source provider of full service recycling and waste stream management solutions, as well as an environmental program services and information provider. We offer innovative, cost-effective, one-stop reuse, recycling, and waste disposal management programs designed to provide regional and national customers with a single point of contact for managing a variety of recyclables and disposables. Two customers accounted for 59.3% and 75.7% of revenue for the three months ended June 30, 2015 and 2014, respectively. Two customers accounted for 60.3% and 75.9% of revenue for the six months ended June 30, 2015 and 2014, respectively. We also own the website, offering original online environmental related content about reuse, recycling, and disposal of waste and recyclables, and we own a comprehensive online database of local recycling and proper disposal options. Our principal offices are located in Frisco, Texas. Liquidity – As of June 30, 2015 and December 31, 2014, our working capital balance was $7,480,722 and $1,316,319, respectively.

Summary of Significant Accounti

Summary of Significant Accounting Policies	6 Months Ended
	Jun. 30, 2015
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	2. Summary of Significant Accounting Policies Principals of Presentation, Consolidation, and Reclassifications The condensed consolidated financial statements included herein have been prepared by us without audit, pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”) and should be read in conjunction with our audited financial statements for the year ended December 31, 2014. Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) have been condensed or omitted, as permitted by the SEC, although we believe the disclosures that are made are adequate to make the information presented herein not misleading. The accompanying condensed consolidated financial statements reflect, in our opinion, all normal recurring adjustments necessary to present fairly our financial position at June 30, 2015 and the results of our operations and cash flows for the periods presented. We derived the December 31, 2014 condensed consolidated balance sheet data from audited financial statements, but did not include all disclosures required by GAAP. As Quest, Earth911, and YouChange each operate as ecology based green service companies, we did not deem segment reporting necessary. All intercompany accounts and transactions have been eliminated in consolidation. Certain reclassifications have been made to prior year balances to conform to the current year presentation that did not have an effect on our net loss or net loss per share. Interim results are subject to seasonal variations, and the results of operations for the three and six months ended June 30, 2015 are not necessarily indicative of the results to be expected for the full year. Revenue Recognition We recognize revenue only when all of the following criteria have been met: · persuasive evidence of an arrangement exists; · delivery has occurred or services have been rendered; · the fee for the arrangement is fixed or determinable; and · collectability is reasonably assured. Persuasive Evidence of an Arrangement Exists – We document all terms of an arrangement in a service agreement or quote signed or confirmed by the customer prior to recognizing revenue. Delivery Has Occurred or Services Have Been Rendered – We perform all services or deliver all products prior to recognizing revenue. Services are deemed to be performed when the services are complete. The Fee for the Arrangement is Fixed or Determinable – Prior to recognizing revenue, a customer’s fee is either fixed or determinable under the terms of the quote, service agreement, or accepted customer purchase order. Collectability Is Reasonably Assured – We assess collectability on a customer by customer basis based on criteria outlined by management. We provide businesses with management programs to reuse, recycle, and dispose of a wide variety of waste streams and recyclables generated by their business. We utilize third-party subcontractors to execute the collection, transport, and recycling or disposal of used motor oil, oil filters, scrap tires, cooking oil, and expired food products. We evaluate the criteria outlined in the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Subtopic 605-45, Revenue Recognition—Principal Agent Considerations Earth911 revenue primarily represents licensing fees that we recognize ratably over the term of the license. We derive some revenue from advertising contracts, which we recognize ratably over the term that the advertisement appears on our website. Net Loss Per Share We compute basic net loss per share by dividing net loss applicable to common stockholders by the weighted average number of shares of common stock outstanding during the period. We have other potentially dilutive securities outstanding that are not shown in a diluted net loss per share calculation because their effect in both 2015 and 2014 would be anti-dilutive. These potentially dilutive securities include options, restricted stock units, warrants, and convertible promissory notes, and totaled 16,908,173 and 19,287,215 shares at June 30, 2015 and 2014, respectively. The following table sets forth the computation of basic and diluted loss per share: Three Months Ended June 30, Six Months Ended June 30, 2015 2014 2015 2014 (Unaudited) (Unaudited) (Unaudited) (Unaudited) Net loss applicable to common stockholders - numerator for basic and diluted earnings per share $ (1,504,237 ) $ (1,826,744 ) $ (3,023,277 ) $ (3,315,167 ) Weighted average common shares outstanding - denominator for basic and diluted earnings per share 111,686,685 96,649,466 111,652,346 96,237,784 Net loss per share: Basic and diluted $ (0.01 ) $ (0.02 ) $ (0.03 ) $ (0.03 ) The following table sets forth the anti-dilutive securities excluded from diluted loss per share: June 30, 2015 2014 (Unaudited) (Unaudited) Anti-dilutive securities excluded from diluted loss per share: Stock options 5,041,073 4,996,215 Restricted stock units 76,100 — Warrants 11,791,000 3,291,000 Convertible notes — 11,000,000 16,908,173 19,287,215 Inventories We record inventories within “Prepaid expenses and other current assets” in our condensed consolidated balance sheets. As of June 30, 2015 and December 31, 2014, all inventories were finished goods with a balance of $13,827 and $30,759, respectively, and consisted of waste disposal equipment, with no reserve for inventory obsolescence at either date.

Property and Equipment, Net, an

Property and Equipment, Net, and Other Assets	6 Months Ended
	Jun. 30, 2015
Property Plant And Equipment [Abstract]
Property and Equipment, Net, and Other Assets	3. Property and Equipment, Net, and Other Assets At June 30, 2015 and December 31, 2014, property and equipment, net, and other assets consisted of the following: June 30, December 31, 2015 2014 (Unaudited) Property and equipment, net of accumulated depreciation of $1,839,216 and $1,692,835 as of June 30, 2015 and December 31, 2014, respectively $ 622,752 $ 533,837 Security deposits and other assets 227,647 219,656 Property and equipment, net, and other assets $ 850,399 $ 753,493 We compute depreciation using the straight-line method over the estimated useful lives of the property and equipment. The depreciation expense related to property and equipment was $70,335 and $72,894 for the three months ended June 30, 2015 and 2014, respectively. The depreciation expense related to property and equipment was $146,381 and $142,461 for the six months ended June 30, 2015 and 2014, respectively.

Goodwill and Other Intangible A

Goodwill and Other Intangible Assets	6 Months Ended
	Jun. 30, 2015
Goodwill And Intangible Assets Disclosure [Abstract]
Goodwill and Other Intangible Assets	4. Goodwill and Other Intangible Assets The components of goodwill and other intangible assets were as follows: June 30, 2015 (Unaudited) Estimated Useful Life Gross Carrying Amount Accumulated Amortization Net Finite lived intangible assets: Customer relationships 5 years $ 12,720,000 $ 4,982,000 $ 7,738,000 Trademarks 7 years 6,230,000 1,742,917 4,487,083 Patents 7 years 230,683 230,683 — Software 7 years 1,495,314 83,273 1,412,041 Customer lists 5 years 307,153 152,150 155,003 Total finite lived intangible assets $ 20,983,150 $ 7,191,023 $ 13,792,127 December 31, 2014 Estimated Useful Life Gross Carrying Amount Accumulated Amortization Net Finite lived intangible assets: Customer relationships 5 years $ 12,720,000 $ 3,710,000 $ 9,010,000 Trademarks 7 years 6,230,000 1,297,917 4,932,083 Patents 7 years 230,683 230,683 — Software 7 years 1,013,714 25,899 987,815 Customer lists 5 years 307,153 121,434 185,719 Total finite lived intangible assets $ 20,501,550 $ 5,385,933 $ 15,115,617 June 30, 2015 (Unaudited) and December 31, 2014 Estimated Useful Life Carrying Amount Indefinite lived intangible asset: Goodwill Indefinite $ 58,337,290 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 $901,998 and $880,605 for the three months ended June 30, 2015 and 2014, respectively. The amortization expense related to finite lived intangible assets was $1,805,090 and $1,762,701 for the six months ended June 30, 2015 and 2014, respectively. We have no indefinite-lived intangible assets other than goodwill. The goodwill is not deductible for tax purposes.

Line of Credit

Line of Credit	6 Months Ended
	Jun. 30, 2015
Debt Disclosure [Abstract]
Line of Credit	5. Line of Credit On December 15, 2010, Quest entered into a Revolving Credit Note and Loan Agreement with Regions Bank (“Regions”), a national banking association. This agreement, as amended, provides Quest with a loan facility up to $10,000,000 for working capital with advances generally limited to 80% of eligible accounts receivable from Quest’s largest customer and 85% of all other eligible accounts receivable. The interest on the outstanding principal amount accrues daily and is payable monthly based on a fluctuating interest rate per annum, which is the base rate plus 1.50% (2.44% as of June 30, 2015). The base rate for any day is the greater of (a) the federal funds rate plus one-half of 1%, (b) Region’s published effective prime rate, or (c) the Eurodollar rate for such day based on an interest period of one month. To secure the amounts due under the agreement, Quest granted Regions a security interest in all of its assets. Quest had $7,250,000 outstanding and $2,750,000 available to be borrowed as of June 30, 2015, excluding the $5,000,000 accordion. The amount of interest expense related to the Regions line of credit for the three months ended June 30, 2015 and 2014 was $53,479 and $49,304, respectively. The amount of interest expense related to the Regions line of credit for the six months ended June 30, 2015 and 2014 was $88,529 and $92,384, respectively. On May 9, 2014, Quest entered into a Sixth Amendment to Loan Agreement with Regions. The loan agreement was amended to, among other things, (i) add a $5.0 million accordion feature, (ii) increase the borrowing base, (iii) reduce the applicable margin for eurodollar rate loans by 1.0% per annum, (iv) add an unused fee of 0.25% per annum, (v) extend the maturity date to May 31, 2015, (vi) release the guaranty of our Chief Executive Officer previously executed in favor of Regions, (vii) add our company and our wholly owned subsidiary, Earth911, as guarantors (collectively, the “Guarantors”), (viii) allow for permitted acquisitions, and (ix) delete two of the financial covenants and modify the other financial covenants in certain respects. As of June 30, 2015, we were in compliance with the financial covenants. In connection with the Sixth Amendment, on May 9, 2014, the “Guarantors” entered into a Guaranty (the “Guaranty”) for the benefit of Regions to guarantee the obligations of Quest under the loan agreement and other loan documents. In addition, on May 9, 2014, Earth911 entered into a Pledge Agreement with Regions, pursuant to which Earth911 pledged to Regions 50% of the membership interests in Quest held by Earth911 to secure the prompt and complete payment and performance of the obligations of Quest and the Guarantors under the loan agreement and other loan documents. During the six months ended June 30, 2015, Quest entered into a Seventh Amendment to Loan Agreement with Regions. The loan agreement was amended to, among other things, (i) reduce the applicable margin for eurodollar rate loans by 0.25% per annum, (ii) extend the maturity date to May 13, 2018, and (iii) modify the permitted acquisitions in certain respects. On July 7, 2015, Quest entered into an Eighth Amendment to Loan Agreement with Regions as discussed in Note 11 — Material Subsequent Events.

Capital Lease Obligations

Capital Lease Obligations	6 Months Ended
	Jun. 30, 2015
Debt Disclosure [Abstract]
Capital Lease Obligations	6. Capital Lease Obligations At June 30, 2015 and December 31, 2014, total capital lease obligations outstanding consisted of the following: June 30, December 31, 2015 2014 (Unaudited) Capital lease obligations, imputed interest at 4.75%, with monthly payments of $1,507, through November 2016, secured by computer equipment $ 35,916 $ 47,250 Total 35,916 47,250 Less: current maturities (23,426 ) (22,853 ) Long-term portion $ 12,490 $ 24,397 Our capital lease obligations are included within “Deferred revenue and other current liabilities” and “other long-term liabilities” in our condensed consolidated balance sheets. The amount of interest expense related to our capital leases for the three months ended June 30, 2015 and 2014 was $426 and $452, respectively. The amount of interest expense related to our capital leases for the six months ended June 30, 2015 and 2014 was $913 and $1,090, respectively.

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2015
Income Tax Disclosure [Abstract]
Income Taxes	7. Income Taxes We compute income taxes using the asset and liability method in accordance with FASB ASC Topic 740, Income Taxes

Fair Value of Financial Instrum

Fair Value of Financial Instruments	6 Months Ended
	Jun. 30, 2015
Fair Value Disclosures [Abstract]
Fair Value of Financial Instruments	8. Fair Value of Financial Instruments Our financial instruments consist of cash and cash equivalents, accounts receivable, accounts payable, accrued liabilities, line of credit, capital lease obligations, and warrant liability. We do not believe that we are exposed to significant interest, currency, or credit risks arising from these financial instruments. With the exception of the warrant liability, the fair values of these financial instruments approximate their carrying values using Level 3 inputs, based on their short maturities or, for long-term portions of capital lease obligations and line of credit, based on borrowing rates currently available to us for loans with similar terms and maturities. On May 7, 2014, we issued an aggregate of 200,000 warrants to purchase shares of our common stock to a consultant in exchange for services rendered during 2014. Of these warrants, 100,000 vested immediately and resulted in no expense recorded for the three months ended June 30, 2015. The remaining 100,000 warrants, which we had classified as a liability, vested on May 7, 2015, subject to performance conditions. We measured the warrants at fair value by applying the Black-Scholes-Merton valuation model, which utilizes Level 3 inputs. As of May 7, 2015, the assumptions used in the Black-Scholes-Merton valuation for the 100,000 warrants that vested on May 7, 2015 were as follows: volatility of 88.5%; risk free interest rate of 0.63%; expected term of two years; and expected dividend yield of 0%. The grant date fair value of the warrant valuation described above was $0.35 per warrant. We based the risk free interest rate on U.S. Treasury rates with maturity dates approximating the expected term of the warrants. We determined the historical volatility using the historical changes in the market price of our common stock and applicable comparable companies. We report the warrant liability in “Accounts payable and accrued liabilities” within our balance sheets. Our warrant liability was nil and $34,857 at June 30, 2015 and December 31, 2014, respectively. On the May 7, 2015 vesting date, we reclassified the $35,001 estimated fair value of the warrants to stockholders’ equity.

Stockholders' Equity

Stockholders' Equity	6 Months Ended
	Jun. 30, 2015
Equity [Abstract]
Stockholders' Equity	9. Stockholders’ Equity Preferred Stock Our authorized preferred stock includes 10,000,000 shares of preferred stock with a par value of $0.001, of which no shares have been issued or are outstanding. Common Stock – Our authorized common stock includes 200,000,000 shares of common stock with a par value of $0.001, of which 111,714,938 and 111,601,304 shares were issued and outstanding as of June 30, 2015 and December 31, 2014, respectively. During the six months ended June 30, 2015, we issued shares of common stock as follows: Common Stock Shares Amount Shares issued for vested restricted stock units 56,500 $ — Shares issued for Employee Stock Purchase Plan options 57,134 60,705 113,634 $ 60,705 · Shares Issued for Vested Restricted Stock Units – o On March 5, 2015, we issued 56,500 shares to an employee for the restricted stock units that vested and were expensed during fiscal year 2014. · Shares Issued for Employee Stock Purchase Plan Options – o On May 15, 2015, we issued 57,134 shares to employees for the Employee Stock Purchase Plan options that vested and were exercised. During the six months ended June 30, 2014, we issued shares of common stock as follows: Common Stock Shares Amount Sale of common stock and warrants 1,192,500 $ 2,385,000 Shares issued upon conversion of note 23,201 29,001 Common stock issued for services 20,408 50,000 1,236,109 $ 2,464,001 · Sale of Common Stock and Warrants – o On April 18, 2014, we issued an aggregate of 1,192,500 units (the “Units”) to several accredited investors, for an aggregate purchase price of $2,385,000, with each Unit consisting of one share of our common stock and a warrant to purchase one share of our common stock for $2.00 per share. Additional warrants to purchase 248,500 shares of our common stock were issued as finder’s fees to third parties. Therefore, in total we issued 1,192,500 shares of common stock and warrants to purchase 1,441,000 shares of our common stock for $2.00 per share. Each warrant may be exercised by the holder thereof, in such holder’s sole discretion, in whole or in part, any time prior to April 1, 2017. · Shares Issued Upon Conversion of Note – o During September 2012, we issued a convertible note payable to an unrelated party. During the six months ended June 30, 2014, $25,000 of principal and $4,001 of interest were converted into 23,201 shares of our common stock. · Common Stock for Services – o We issued 20,408 shares of common stock to consultants for $50,000 of services, of which $33,333 was expensed during the six months ended June 30, 2014 and $16,667 was prepaid for services in the subsequent period. We did not issue stock for services during the six months ended June 30, 2015. Warrants – During the six months ended June 30, 2015 and 2014, we did not issue any warrants and no holders exercised warrants. During the six months ended June 30, 2015, a third party forfeited 1,200,000 contingent warrants, with no corresponding expirations during the six months ended June 30, 2014. At June 30, 2015, we had outstanding exercisable warrants to purchase 11,791,000 shares of common stock. · Warrants for Services – o On May 7, 2014, we issued to a third party for services rendered warrants to purchase an aggregate of 200,000 shares of our common stock at $2.65 per share. Of the 200,000 warrants, 100,000 were exercisable immediately and the remaining become exercisable one year from the date of grant based on the achievement of performance conditions. We recorded stock-based compensation expense of $187,783 for the three and six months ended June 30, 2014. Due to the decline in the fair value of these warrants, we recorded an increase of stock-based compensation expense of $6,081 and $141 for the three and six months ended June 30, 2015, respectively, related to these warrants. See Note 8 for a discussion of our Black-Scholes-Merton valuation assumptions. o On May 28, 2014, we issued to a third party for services rendered contingent warrants to purchase an aggregate of 1,650,000 shares of our common stock at $4.31 per share. The warrants become exercisable at various times after achieving future performance conditions related to services and revenue targets for Earth911. During the six months ended June 30, 2014, we recorded no stock-based compensation expense for the three months ended June 30, 2014 related to these warrants due to the uncertainty of attaining any of the performance conditions. The following table summarizes the warrants issued and outstanding as of June 30, 2015: Warrants Issued and Outstanding as of June 30, 2015 Date of Exercise Shares of Description Issuance Expiration Price Common Stock Exercisable warrants Warrants 04/18/2014 04/01/2017 $ 2.00 1,441,000 Warrant 05/07/2014 05/07/2017 $ 2.65 200,000 Warrant 05/28/2014 10/31/2016 $ 4.31 450,000 Warrants 09/24/2014 09/24/2019 $ 2.50 9,000,000 Warrants 10/20/2014 10/20/2019 $ 2.50 700,000 Total exercisable warrants 11,791,000 Contingent warrants Warrants 05/28/2014 10/31/2018 $ 4.31 1,200,000 Less warrants cancelled (1,200,000 ) Total contingent warrants — Total warrants issued and outstanding 11,791,000 Restricted Stock Units – During April 2014, we granted restricted stock units representing 132,600 shares of common stock under our 2012 Incentive Compensation Plan. The restricted stock units vest based on a combination of financial performance factors and continued service. The financial performance factors are based on the revenue generated by new business activity of one of our subsidiaries. All payouts of restricted stock units that vest will be exercisable immediately and will be paid in the form of common stock. While we do not anticipate issuing dividends, the restricted stock unit awards will not participate in any dividends prior to vesting. We determined the fair value of the restricted stock unit awards granted based on the market value of our common stock on the date of grant, which was $3.75 per share. We assumed a forfeiture rate of 0%. Due to the uncertainty of attaining any of the remaining performance conditions, we recorded no additional stock-based compensation expense for the remaining performance conditions for the six months ended June 30, 2015. We issued 56,500 shares during the six months ended June 30, 2015 for the restricted stock units that vested during 2014. As of June 30, 2015 and December 31, 2014, outstanding restricted stock units totaled 76,100 and 132,600, respectively. Employee Stock Purchase Plan – On September 17, 2014, our stockholders approved the Quest Resource Holding Corporation 2014 Employee Stock Purchase Plan (the “ESPP”). We recorded expense of $25,102 and $36,924 related to the ESPP during the three and six months ended June 30, 2015, respectively. On May 15, 2015, we issued 57,134 shares to employees for the ESPP options that vested and were exercised. Stock Options – The following table summarizes the stock option activity for the six month period ended June 30, 2015: Stock Options Weighted- Exercise Average Number Price Per Exercise Price of Shares Share Per Share Outstanding at December 31, 2014 5,006,532 $ 1.45 — 3.75 $ 2.66 Granted 145,625 $ 1.11 — 1.46 $ 1.25 Canceled/Forfeited (111,084 ) $ 1.45 — 2.10 $ 2.04 Outstanding at June 30, 2015 5,041,073 $ 1.11 — 3.75 $ 2.56

Related Party Transactions

Related Party Transactions	6 Months Ended
	Jun. 30, 2015
Related Party Transactions [Abstract]
Related Party Transactions	10. Related Party Transactions Acquisition of the Quest Interests – On July 16, 2013, we acquired all of the issued and outstanding membership interests of Quest held by Quest Resource Group LLC (“QRG”), comprising 50% of the membership interests of Quest (the “Quest Interests”). The purchase price for the Quest Interests consisted of 22,000,000 shares of our common stock issued at a fair market value of $2.50 per share based on the closing price of the stock on the date of the transaction and convertible secured promissory notes (collectively, the “Sellers’ Notes”) in the aggregate principal amount of $22,000,000. The total purchase price of $77,000,000 was paid to the owners of QRG who at the time of the transaction were related parties: the Chief Executive Officer of Quest and the former President of Quest. After the close of the transaction, the Chief Executive Officer of Quest became the President, Chief Executive Officer, and member of the Board of Directors of our company. On September 24, 2014, we paid $11,000,000 to the holders of the Sellers’ Notes and such holders converted the remaining $11,000,000 of principal, plus accrued interest through September 24, 2014 of $101,260, into 5,550,630 shares of our common stock. For the three and six months ended June 30, 2014, we recognized interest expense of $383,945 and $763,671, respectively. The amount of interest expense related to the amortization of the discount on the Sellers’ Notes for the three and six months ended June 30, 2014 was $456,661 and $908,303, respectively. We recognized no comparable interest expense or amortization of the discount on the Sellers’ Notes for the three and six months ended June 30, 2015 due to the retirement of the Sellers’ Notes in September 2014.

Material Subsequent Events

Material Subsequent Events	6 Months Ended
	Jun. 30, 2015
Subsequent Events [Abstract]
Material Subsequent Events	11. Material Subsequent Events On July 7, 2015, Quest entered into an Eighth Amendment to Loan Agreement with Regions. The loan agreement was amended to, among other things, increase the aggregate revolving credit commitment to $15.0 million by exercising the $5.0 million accordion feature in the loan agreement.

Summary of Significant Accoun18

Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2015
Accounting Policies [Abstract]
Principals of Presentation, Consolidation, and Reclassifications	Principals of Presentation, Consolidation, and Reclassifications The condensed consolidated financial statements included herein have been prepared by us without audit, pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”) and should be read in conjunction with our audited financial statements for the year ended December 31, 2014. Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) have been condensed or omitted, as permitted by the SEC, although we believe the disclosures that are made are adequate to make the information presented herein not misleading. The accompanying condensed consolidated financial statements reflect, in our opinion, all normal recurring adjustments necessary to present fairly our financial position at June 30, 2015 and the results of our operations and cash flows for the periods presented. We derived the December 31, 2014 condensed consolidated balance sheet data from audited financial statements, but did not include all disclosures required by GAAP. As Quest, Earth911, and YouChange each operate as ecology based green service companies, we did not deem segment reporting necessary. All intercompany accounts and transactions have been eliminated in consolidation. Certain reclassifications have been made to prior year balances to conform to the current year presentation that did not have an effect on our net loss or net loss per share. Interim results are subject to seasonal variations, and the results of operations for the three and six months ended June 30, 2015 are not necessarily indicative of the results to be expected for the full year.
Revenue Recognition	Revenue Recognition We recognize revenue only when all of the following criteria have been met: · persuasive evidence of an arrangement exists; · delivery has occurred or services have been rendered; · the fee for the arrangement is fixed or determinable; and · collectability is reasonably assured. Persuasive Evidence of an Arrangement Exists – We document all terms of an arrangement in a service agreement or quote signed or confirmed by the customer prior to recognizing revenue. Delivery Has Occurred or Services Have Been Rendered – We perform all services or deliver all products prior to recognizing revenue. Services are deemed to be performed when the services are complete. The Fee for the Arrangement is Fixed or Determinable – Prior to recognizing revenue, a customer’s fee is either fixed or determinable under the terms of the quote, service agreement, or accepted customer purchase order. Collectability Is Reasonably Assured – We assess collectability on a customer by customer basis based on criteria outlined by management. We provide businesses with management programs to reuse, recycle, and dispose of a wide variety of waste streams and recyclables generated by their business. We utilize third-party subcontractors to execute the collection, transport, and recycling or disposal of used motor oil, oil filters, scrap tires, cooking oil, and expired food products. We evaluate the criteria outlined in the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Subtopic 605-45, Revenue Recognition—Principal Agent Considerations Earth911 revenue primarily represents licensing fees that we recognize ratably over the term of the license. We derive some revenue from advertising contracts, which we recognize ratably over the term that the advertisement appears on our website.
Net Loss Per Share	Net Loss Per Share We compute basic net loss per share by dividing net loss applicable to common stockholders by the weighted average number of shares of common stock outstanding during the period. We have other potentially dilutive securities outstanding that are not shown in a diluted net loss per share calculation because their effect in both 2015 and 2014 would be anti-dilutive. These potentially dilutive securities include options, restricted stock units, warrants, and convertible promissory notes, and totaled 16,908,173 and 19,287,215 shares at June 30, 2015 and 2014, respectively. The following table sets forth the computation of basic and diluted loss per share: Three Months Ended June 30, Six Months Ended June 30, 2015 2014 2015 2014 (Unaudited) (Unaudited) (Unaudited) (Unaudited) Net loss applicable to common stockholders - numerator for basic and diluted earnings per share $ (1,504,237 ) $ (1,826,744 ) $ (3,023,277 ) $ (3,315,167 ) Weighted average common shares outstanding - denominator for basic and diluted earnings per share 111,686,685 96,649,466 111,652,346 96,237,784 Net loss per share: Basic and diluted $ (0.01 ) $ (0.02 ) $ (0.03 ) $ (0.03 ) The following table sets forth the anti-dilutive securities excluded from diluted loss per share: June 30, 2015 2014 (Unaudited) (Unaudited) Anti-dilutive securities excluded from diluted loss per share: Stock options 5,041,073 4,996,215 Restricted stock units 76,100 — Warrants 11,791,000 3,291,000 Convertible notes — 11,000,000 16,908,173 19,287,215
Inventories	Inventories We record inventories within “Prepaid expenses and other current assets” in our condensed consolidated balance sheets. As of June 30, 2015 and December 31, 2014, all inventories were finished goods with a balance of $13,827 and $30,759, respectively, and consisted of waste disposal equipment, with no reserve for inventory obsolescence at either date.

Summary of Significant Accoun19

Summary of Significant Accounting Policies (Tables)	6 Months Ended
	Jun. 30, 2015
Accounting Policies [Abstract]
Schedule of Computation of Basic and Diluted Earnings Per Share	The following table sets forth the computation of basic and diluted loss per share: Three Months Ended June 30, Six Months Ended June 30, 2015 2014 2015 2014 (Unaudited) (Unaudited) (Unaudited) (Unaudited) Net loss applicable to common stockholders - numerator for basic and diluted earnings per share $ (1,504,237 ) $ (1,826,744 ) $ (3,023,277 ) $ (3,315,167 ) Weighted average common shares outstanding - denominator for basic and diluted earnings per share 111,686,685 96,649,466 111,652,346 96,237,784 Net loss per share: Basic and diluted $ (0.01 ) $ (0.02 ) $ (0.03 ) $ (0.03 )
Schedule of Anti-dilutive Securities Excluded from Diluted Loss Per Share	The following table sets forth the anti-dilutive securities excluded from diluted loss per share: June 30, 2015 2014 (Unaudited) (Unaudited) Anti-dilutive securities excluded from diluted loss per share: Stock options 5,041,073 4,996,215 Restricted stock units 76,100 — Warrants 11,791,000 3,291,000 Convertible notes — 11,000,000 16,908,173 19,287,215

Property and Equipment, Net, 20

Property and Equipment, Net, and Other Assets (Tables)	6 Months Ended
	Jun. 30, 2015
Property Plant And Equipment [Abstract]
Components Property and Equipment, net, and other assets	At June 30, 2015 and December 31, 2014, property and equipment, net, and other assets consisted of the following: June 30, December 31, 2015 2014 (Unaudited) Property and equipment, net of accumulated depreciation of $1,839,216 and $1,692,835 as of June 30, 2015 and December 31, 2014, respectively $ 622,752 $ 533,837 Security deposits and other assets 227,647 219,656 Property and equipment, net, and other assets $ 850,399 $ 753,493

Goodwill and Other Intangible21

Goodwill and Other Intangible Assets (Tables)	6 Months Ended
	Jun. 30, 2015
Goodwill And Intangible Assets Disclosure [Abstract]
Schedule of Finite-Lived Intangible Assets	The components of goodwill and other intangible assets were as follows: June 30, 2015 (Unaudited) Estimated Useful Life Gross Carrying Amount Accumulated Amortization Net Finite lived intangible assets: Customer relationships 5 years $ 12,720,000 $ 4,982,000 $ 7,738,000 Trademarks 7 years 6,230,000 1,742,917 4,487,083 Patents 7 years 230,683 230,683 — Software 7 years 1,495,314 83,273 1,412,041 Customer lists 5 years 307,153 152,150 155,003 Total finite lived intangible assets $ 20,983,150 $ 7,191,023 $ 13,792,127 December 31, 2014 Estimated Useful Life Gross Carrying Amount Accumulated Amortization Net Finite lived intangible assets: Customer relationships 5 years $ 12,720,000 $ 3,710,000 $ 9,010,000 Trademarks 7 years 6,230,000 1,297,917 4,932,083 Patents 7 years 230,683 230,683 — Software 7 years 1,013,714 25,899 987,815 Customer lists 5 years 307,153 121,434 185,719 Total finite lived intangible assets $ 20,501,550 $ 5,385,933 $ 15,115,617
Schedule of Indefinite-Lived Intangible Assets	June 30, 2015 (Unaudited) and December 31, 2014 Estimated Useful Life Carrying Amount Indefinite lived intangible asset: Goodwill Indefinite $ 58,337,290

Capital Lease Obligations (Tabl

Capital Lease Obligations (Tables)	6 Months Ended
	Jun. 30, 2015
Debt Disclosure [Abstract]
Summary of Capital Lease Obligations	At June 30, 2015 and December 31, 2014, total capital lease obligations outstanding consisted of the following: June 30, December 31, 2015 2014 (Unaudited) Capital lease obligations, imputed interest at 4.75%, with monthly payments of $1,507, through November 2016, secured by computer equipment $ 35,916 $ 47,250 Total 35,916 47,250 Less: current maturities (23,426 ) (22,853 ) Long-term portion $ 12,490 $ 24,397

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)	6 Months Ended
	Jun. 30, 2015
Equity [Abstract]
Schedule of Common Stock Shares Issued	During the six months ended June 30, 2015, we issued shares of common stock as follows: Common Stock Shares Amount Shares issued for vested restricted stock units 56,500 $ — Shares issued for Employee Stock Purchase Plan options 57,134 60,705 113,634 $ 60,705 During the six months ended June 30, 2014, we issued shares of common stock as follows: Common Stock Shares Amount Sale of common stock and warrants 1,192,500 $ 2,385,000 Shares issued upon conversion of note 23,201 29,001 Common stock issued for services 20,408 50,000 1,236,109 $ 2,464,001
Summary Of Warrant Activity	The following table summarizes the warrants issued and outstanding as of June 30, 2015: Warrants Issued and Outstanding as of June 30, 2015 Date of Exercise Shares of Description Issuance Expiration Price Common Stock Exercisable warrants Warrants 04/18/2014 04/01/2017 $ 2.00 1,441,000 Warrant 05/07/2014 05/07/2017 $ 2.65 200,000 Warrant 05/28/2014 10/31/2016 $ 4.31 450,000 Warrants 09/24/2014 09/24/2019 $ 2.50 9,000,000 Warrants 10/20/2014 10/20/2019 $ 2.50 700,000 Total exercisable warrants 11,791,000 Contingent warrants Warrants 05/28/2014 10/31/2018 $ 4.31 1,200,000 Less warrants cancelled (1,200,000 ) Total contingent warrants — Total warrants issued and outstanding 11,791,000
Summary of Stock Option Activity	Stock Options – The following table summarizes the stock option activity for the six month period ended June 30, 2015: Stock Options Weighted- Exercise Average Number Price Per Exercise Price of Shares Share Per Share Outstanding at December 31, 2014 5,006,532 $ 1.45 — 3.75 $ 2.66 Granted 145,625 $ 1.11 — 1.46 $ 1.25 Canceled/Forfeited (111,084 ) $ 1.45 — 2.10 $ 2.04 Outstanding at June 30, 2015 5,041,073 $ 1.11 — 3.75 $ 2.56

The Company, Description of B24

The Company, Description of Business, and Future Liquidity Needs - Additional Information (Detail)	3 Months Ended		6 Months Ended
	Jun. 30, 2015USD ($)	Jun. 30, 2014	Jun. 30, 2015USD ($)Customer	Jun. 30, 2014	Dec. 31, 2014USD ($)
Concentration Risk [Line Items]
Working capital | $	$ 7,480,722		$ 7,480,722		$ 1,316,319
Revenue [Member]
Concentration Risk [Line Items]
Number of customer			2
Revenue [Member] | Customer Accounted [Member]
Concentration Risk [Line Items]
Percentage of revenue	59.30%	75.70%	60.30%	75.90%

Summary of Significant Accoun25

Summary of Significant Accounting Policies - Additional Information (Detail) - USD ($)	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014
Accounting Policies [Abstract]
Potentially dilutive securities include options, restricted stock units, warrants, and convertible promissory notes	16,908,173	19,287,215
Finished goods inventory	$ 13,827		$ 30,759
Reserve for inventory obsolescence	$ 0

Summary of Significant Accoun26

Summary of Significant Accounting Policies - Schedule of Computation of Basic and Diluted Earnings Per Share (Detail) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Accounting Policies [Abstract]
Net loss applicable to common stockholders - numerator for basic and diluted earnings per share	$ (1,504,237)	$ (1,826,744)	$ (3,023,277)	$ (3,315,167)
Weighted - average common shares outstanding -denominator for basic and diluted earnings per share	111,686,685	96,649,466	111,652,346	96,237,784
Basic and diluted	$ (0.01)	$ (0.02)	$ (0.03)	$ (0.03)

Summary of Significant Accoun27

Summary of Significant Accounting Policies - Schedule of Anti-dilutive Securities Excluded from Diluted Loss Per Share (Detail) - shares	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Anti-dilutive securities excluded from diluted earnings per share	16,908,173	19,287,215
Stock options [Member]
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Anti-dilutive securities excluded from diluted earnings per share	5,041,073	4,996,215
Restricted Stock Units [Member]
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Anti-dilutive securities excluded from diluted earnings per share	76,100
Stock Warrants
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Anti-dilutive securities excluded from diluted earnings per share	11,791,000	3,291,000
Convertible Senior Notes
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Anti-dilutive securities excluded from diluted earnings per share		11,000,000

Property and Equipment, Net, 28

Property and Equipment, Net, and Other Assets - Components of Property and Equipment,net,and other assets (Detail) - USD ($)	Jun. 30, 2015	Dec. 31, 2014
Property Plant And Equipment [Abstract]
Property and equipment, net of depreciation	$ 622,752	$ 533,837
Security deposits and other assets	227,647	219,656
Property and Equipment net and other assets	$ 850,399	$ 753,493

Property and Equipment, Net, 29

Property and Equipment, Net, and Other Assets - Components of Property and Equipment,net,and other assets ( Parenthetical) (Detail) - USD ($)	Jun. 30, 2015	Dec. 31, 2014
Property Plant And Equipment [Abstract]
Accumulated depreciation, Property and equipment	$ 1,839,216	$ 1,692,835

Property and Equipment, Net, 30

Property and Equipment, Net, and Other Assets - Additional Information (Detail) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Property Plant And Equipment [Abstract]
Depreciation	$ 70,335	$ 72,894	$ 146,381	$ 142,461

Goodwill and Other Intangible31

Goodwill and Other Intangible Assets - Schedule of Finite-Lived Intangible Assets (Detail) - USD ($)	6 Months Ended	12 Months Ended
	Jun. 30, 2015	Dec. 31, 2014
Finite Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 20,983,150	$ 20,501,550
Accumulated Amortization	7,191,023	5,385,933
Net	$ 13,792,127	$ 15,115,617
Customer relationships [Member]
Finite Lived Intangible Assets [Line Items]
Estimated Useful Life	5 years	5 years
Gross Carrying Amount	$ 12,720,000	$ 12,720,000
Accumulated Amortization	4,982,000	3,710,000
Net	$ 7,738,000	$ 9,010,000
Trademarks [Member]
Finite Lived Intangible Assets [Line Items]
Estimated Useful Life	7 years	7 years
Gross Carrying Amount	$ 6,230,000	$ 6,230,000
Accumulated Amortization	1,742,917	1,297,917
Net	$ 4,487,083	$ 4,932,083
Patents [Member]
Finite Lived Intangible Assets [Line Items]
Estimated Useful Life	7 years	7 years
Gross Carrying Amount	$ 230,683	$ 230,683
Accumulated Amortization	$ 230,683	$ 230,683
Software [Member]
Finite Lived Intangible Assets [Line Items]
Estimated Useful Life	7 years	7 years
Gross Carrying Amount	$ 1,495,314	$ 1,013,714
Accumulated Amortization	83,273	25,899
Net	$ 1,412,041	$ 987,815
Customer lists [Member]
Finite Lived Intangible Assets [Line Items]
Estimated Useful Life	5 years	5 years
Gross Carrying Amount	$ 307,153	$ 307,153
Accumulated Amortization	152,150	121,434
Net	$ 155,003	$ 185,719

Goodwill and Other Intangible32

Goodwill and Other Intangible Assets - Schedule of Indefinite-Lived Intangible Assets (Detail) - USD ($)	6 Months Ended
	Jun. 30, 2015	Dec. 31, 2014
Indefinite lived intangible asset:
Goodwill Useful Life Description	Indefinite
Goodwill	$ 58,337,290	$ 58,337,290

Goodwill and Other Intangible33

Goodwill and Other Intangible Assets - Additional Information (Detail) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Goodwill And Intangible Assets Disclosure [Abstract]
Amortization of intangibles	$ 901,998	$ 880,605	$ 1,805,090	$ 1,762,701
Indefinite-lived intangible assets other than goodwill			$ 0

Line of Credit - Additional Inf

Line of Credit - Additional Information (Detail) - USD ($)	May. 09, 2014	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Line of Credit Facility [Line Items]
Interest expense related to line of credit facility		$ 42,236	$ 890,453	$ 90,833	$ 1,765,920
Seventh Amendment to Loan Agreement with Regions Bank [Member]
Line of Credit Facility [Line Items]
Maturity date of loan agreement with Regions Bank				May 13, 2018
Eurodollar [Member] | Seventh Amendment to Loan Agreement with Regions Bank [Member]
Line of Credit Facility [Line Items]
Decrease in applicable margin rate of loans during the period				0.25%
Revolving Credit Facility [Member]
Line of Credit Facility [Line Items]
Line of credit facility agreement date				Dec. 15, 2010
Working capital from loan agreement with Regions Bank		$ 10,000,000		$ 10,000,000
Interest on outstanding principal amount		2.44%		2.44%
Outstanding principal amount on line of credit facility		$ 7,250,000		$ 7,250,000
Amount available to be borrow under line of credit facility		2,750,000		2,750,000
Line of credit, accordion feature				$ 5,000,000
Interest rate line of credit facility description				The base rate for any day is the greater of (a) the federal funds rate plus one-half of 1%, (b) Region’s published effective prime rate, or (c) the Eurodollar rate for such day based on an interest period of one month.
Interest expense related to line of credit facility		$ 53,479	$ 49,304	$ 88,529	$ 92,384
Revolving Credit Facility [Member] | Sixth Amendment to Loan Agreement with Regions Bank [Member]
Line of Credit Facility [Line Items]
Line of credit, accordion feature				$ 5,000,000
Unused fee percentage				0.25%
Maturity date of loan agreement with Regions Bank				May 31, 2015
Terms of loan agreement				The loan agreement was amended to, among other things, (i) add a $5.0 million accordion feature, (ii) increase the borrowing base, (iii) reduce the applicable margin for eurodollar rate loans by 1.0% per annum, (iv) add an unused fee of 0.25% per annum, (v) extend the maturity date to May 31, 2015, (vi) release the guaranty of our Chief Executive Officer previously executed in favor of Regions, (vii) add our company and our wholly owned subsidiary, Earth911, as guarantors (collectively, the “Guarantors”), (viii) allow for permitted acquisitions, and (ix) delete two of the financial covenants and modify the other financial covenants in certain respects. As of June 30, 2015, we were in compliance with the financial covenants.
Percentage of membership interest pledged to guarantee loan obligation	50.00%
Revolving Credit Facility [Member] | Base Rate [Member]
Line of Credit Facility [Line Items]
Fluctuating interest rate based on base rate				1.50%
Revolving Credit Facility [Member] | Eurodollar [Member] | Sixth Amendment to Loan Agreement with Regions Bank [Member]
Line of Credit Facility [Line Items]
Decrease in applicable margin rate of loans during the period				1.00%
Revolving Credit Facility [Member] | Eligible Accounts Receivable [Member] | Largest Customer [Member]
Line of Credit Facility [Line Items]
Percentage of accounts receivable form Quest's customers		80.00%		80.00%
Revolving Credit Facility [Member] | Eligible Accounts Receivable [Member] | Other Customer [Member]
Line of Credit Facility [Line Items]
Percentage of accounts receivable form Quest's customers		85.00%		85.00%

Capital Lease Obligations - Sum

Capital Lease Obligations - Summary of Capital Lease Obligations (Detail) - USD ($)	Jun. 30, 2015	Dec. 31, 2014
Debt Disclosure [Abstract]
Capital lease obligations, imputed interest at 4.75%, with monthly payments of $1,507, through November 2016, secured by computer equipment	$ 35,916	$ 47,250
Total	35,916	47,250
Less: current maturities	(23,426)	(22,853)
Long-term portion	$ 12,490	$ 24,397

Capital Lease Obligations - S36

Capital Lease Obligations - Summary of Capital Lease Obligations (Parenthetical) (Detail) - Capital lease obligations, imputed interest at 4.75% [Member] - USD ($)	6 Months Ended	12 Months Ended
	Jun. 30, 2015	Dec. 31, 2014
Long Term Debt And Equity Financings [Line Items]
Imputed interest rate for capital lease obligation	4.75%	4.75%
Monthly installment capital lease obligation	$ 1,507	$ 1,507

Capital Lease Obligations - Add

Capital Lease Obligations - Additional Information (Detail) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Debt Disclosure [Abstract]
Interest expense related to capital leases	$ 426	$ 452	$ 913	$ 1,090

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) - USD ($)	6 Months Ended
	Jun. 30, 2015	Dec. 31, 2014
Income Tax Disclosure [Abstract]
Valuation allowance	$ 10,308,000	$ 9,108,000
Federal income tax net operating loss carry forward	$ 17,100,000	$ 14,800,000
Net Operating Loss Carry Forwards Expiration Dates	various dates beginning in 2031

Fair Value of Financial Instr39

Fair Value of Financial Instruments - Additional Information (Detail) - USD ($)	May. 07, 2015	Jun. 30, 2015	Dec. 31, 2014	Jun. 30, 2014	May. 28, 2014	May. 07, 2014	Apr. 18, 2014
Class Of Warrant Or Right [Line Items]
Number of warrants issued to purchase of common stock		0		0	1,650,000	200,000	1,441,000
Warrants Vested	100,000					100,000
Warrant liability during the period		$ 0	$ 34,857
Reclassification of fair value warrants to equity	$ 35,001
Black-Scholes-Merton Valuation Model [Member]
Class Of Warrant Or Right [Line Items]
Fair value assumption, expected volatility	88.50%
Fair value assumption, risk free interest rate	0.63%
Fair value assumption, expected term	2 years
Fair value assumption, expected dividend yield	0.00%
Grant date fair value of the initial warrant valuation	$ 0.35

Stockholders' Equity - Addition

Stockholders' Equity - Additional Information (Detail) - USD ($)	May. 15, 2015	Jun. 30, 2015	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014	Apr. 18, 2014
Equity [Abstract]
Preferred stock, shares authorized		10,000,000	10,000,000		10,000,000
Preferred stock, par value		$ 0.001	$ 0.001		$ 0.001
Preferred stock, shares issued		0	0		0
Preferred stock, shares outstanding		0	0		0
Common stock, shares authorized		200,000,000	200,000,000		200,000,000
Common stock, par value		$ 0.001	$ 0.001		$ 0.001
Common stock, shares issued		111,714,938	111,714,938		111,601,304	1,192,500
Common stock, shares outstanding		111,714,938	111,714,938		111,601,304
Common stock issued for services, Shares			0	20,408
Common stock issued for services, Value				$ 50,000
Common stock issued for services, Expense				33,333
Common stock issued for services, Prepaid expenses				$ 16,667
Employee stock purchase plan expense		$ 25,102	$ 36,924
Shares issued for Employee Stock Purchase Plan options, Shares	57,134		57,134

Stockholders' Equity - Schedule

Stockholders' Equity - Schedule of Common Stock Shares Issued (Detail) - USD ($)	May. 15, 2015	Apr. 18, 2014	Jun. 30, 2015	Jun. 30, 2014
Equity [Abstract]
Shares issued for vested restricted stock units, Shares			56,500
Shares issued for Employee Stock Purchase Plan options, Shares	57,134		57,134
Sale of common stock and warrants, common stock Shares				1,192,500
Shares issued upon conversion of note, Shares				23,201
Common stock issued for services, Shares			0	20,408
Total common stock shares			113,634	1,236,109
Shares issued for Employee Stock Purchase Plan options, Value			$ 60,705
Sale of common stock and warrants, Amount				$ 2,385,000
Shares issued upon conversion of note, Amount		$ 2,385,000		29,001
Common stock issued for services, Value				50,000
Total common stock amount			$ 60,705	$ 2,464,001

Stockholders' Equity - Additi42

Stockholders' Equity - Additional Information - Shares Issued for Vested Restricted Stock Units (Detail) - shares	Mar. 05, 2015	Jun. 30, 2015
Schedule Of Stockholders Equity [Line Items]
Shares issued for vested restricted stock units, Shares		56,500
Employee [Member]
Schedule Of Stockholders Equity [Line Items]
Shares issued for vested restricted stock units, Shares	56,500

Stockholders' Equity - Additi43

Stockholders' Equity - Additional Information - Shares Issued for Employee Stock Purchase Plan Options (Detail) - shares	May. 15, 2015	Jun. 30, 2015
Equity [Abstract]
Shares issued for Employee Stock Purchase Plan options, Shares	57,134	57,134

Stockholders' Equity - Additi44

Stockholders' Equity - Additional Information - Sale of Common Stock and Warrants (Detail) - USD ($)	Apr. 18, 2014	Jun. 30, 2014	Jun. 30, 2015	Dec. 31, 2014	May. 28, 2014	May. 07, 2014
Equity [Abstract]
Warrant conversion, shares	1,192,500
Warrant conversion, amount	$ 2,385,000	$ 29,001
Warrant to purchase common stock, per share	$ 2
Additional warrants issued to purchase common stock	248,500
Common stock, shares issued	1,192,500		111,714,938	111,601,304
Number of warrants issued to purchase of common stock	1,441,000	0	0		1,650,000	200,000

Stockholders' Equity - Additi45

Stockholders' Equity - Additional Information - Shares Issued Upon Conversion of Note (Detail) - Jun. 30, 2014 - Convertible Notes Payable [Member] - USD ($)	Total
Schedule Of Stockholders Equity [Line Items]
Debt instrument principal amount	$ 25,000
Convertible note accrued interest	$ 4,001
Shares issued upon conversion of note, Shares	23,201

Stockholders' Equity - Additi46

Stockholders' Equity - Additional Information - Warrants (Detail) - shares	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	May. 28, 2014	May. 07, 2014	Apr. 18, 2014
Schedule Of Stockholders Equity [Line Items]
Warrants issued	0	0	1,650,000	200,000	1,441,000
Number of exercised warrants	0
Number of warrants expired		0
Warrants outstanding	11,791,000
Contingent Warrants [Member]
Schedule Of Stockholders Equity [Line Items]
Warrants forfeited	1,200,000
Exercisable Warrants [Member]
Schedule Of Stockholders Equity [Line Items]
Warrants outstanding	11,791,000

Stockholders' Equity - Additi47

Stockholders' Equity - Additional Information - Warrants for Services (Detail) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014	May. 28, 2014	May. 07, 2014	Apr. 18, 2014
Schedule Of Stockholders Equity [Line Items]
Warrants issued	0	0	0	0	1,650,000	200,000	1,441,000
Warrant to purchase common stock, per share					$ 4.31	$ 2.65
Stock-based compensation expense				$ 0
Warrant Exercisable Immediately [Member]
Schedule Of Stockholders Equity [Line Items]
Warrants issued						100,000
Contingent Warrants [Member]
Schedule Of Stockholders Equity [Line Items]
Warrants forfeited			1,200,000
Contingent Warrants [Member] | Internally-Developed Software [Member]
Schedule Of Stockholders Equity [Line Items]
Warrants related to intangible assets			$ 0
Warrant [Member]
Schedule Of Stockholders Equity [Line Items]
Stock-based compensation expense	$ 6,081	$ 187,783	$ 141	$ 187,783

Stockholders' Equity - Summary

Stockholders' Equity - Summary of Warrants Issued and Outstanding (Detail) - $ / shares	6 Months Ended
	Jun. 30, 2015	May. 28, 2014	May. 07, 2014
Class Of Warrant Or Right [Line Items]
Exercise Price		$ 4.31	$ 2.65
Shares of Common Stock	11,791,000
Exercisable Warrants [Member]
Class Of Warrant Or Right [Line Items]
Shares of Common Stock	11,791,000
Exercisable Warrants [Member] | Warrants One [Member]
Class Of Warrant Or Right [Line Items]
Date of Issuance	Apr. 18, 2014
Date of Expiration	Apr. 1, 2017
Exercise Price	$ 2
Shares of Common Stock	1,441,000
Exercisable Warrants [Member] | Warrant Two [Member]
Class Of Warrant Or Right [Line Items]
Date of Issuance	May 7, 2014
Date of Expiration	May 7, 2017
Exercise Price	$ 2.65
Shares of Common Stock	200,000
Exercisable Warrants [Member] | Warrants Three [Member]
Class Of Warrant Or Right [Line Items]
Date of Issuance	May 28, 2014
Date of Expiration	Oct. 31, 2016
Exercise Price	$ 4.31
Shares of Common Stock	450,000
Exercisable Warrants [Member] | Warrants Four [Member]
Class Of Warrant Or Right [Line Items]
Date of Issuance	Sep. 24, 2014
Date of Expiration	Sep. 24, 2019
Exercise Price	$ 2.50
Shares of Common Stock	9,000,000
Exercisable Warrants [Member] | Warrant Five [Member]
Class Of Warrant Or Right [Line Items]
Date of Issuance	Oct. 20, 2014
Date of Expiration	Oct. 20, 2019
Exercise Price	$ 2.50
Shares of Common Stock	700,000
Contingent Warrants [Member]
Class Of Warrant Or Right [Line Items]
Less warrants cancelled	(1,200,000)
Contingent Warrants [Member] | Warrant Six [Member]
Class Of Warrant Or Right [Line Items]
Date of Issuance	May 7, 2014
Date of Expiration	May 7, 2017
Exercise Price	$ 4.31
Shares of Common Stock	1,200,000

Stockholders' Equity - Additi49

Stockholders' Equity - Additional Information - Restricted Stock Units (Detail) - USD ($)	1 Months Ended	6 Months Ended		12 Months Ended
	Apr. 30, 2014	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014
Schedule Of Stockholders Equity [Line Items]
Stock-based compensation expense			$ 0
Shares issued for vested restricted stock units, Shares		56,500
Potentially dilutive securities include options, restricted stock units, warrants, and convertible promissory notes		16,908,173	19,287,215
Restricted Stock Units [Member]
Schedule Of Stockholders Equity [Line Items]
Fair value of restricted stock unit		$ 3.75
Fair value of restricted stock unit, forfeiture rate		0.00%
Stock-based compensation expense		$ 0
Potentially dilutive securities include options, restricted stock units, warrants, and convertible promissory notes		76,100		132,600
2012 Incentive Compensation Plan [Member] | Restricted Stock Units [Member]
Schedule Of Stockholders Equity [Line Items]
Shares granted	132,600

Stockholders' Equity - Summar50

Stockholders' Equity - Summary of Stock Option Activity (Detail) - 6 months ended Jun. 30, 2015 - $ / shares	Total
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Outstanding Beginning Balance, Number of Shares	5,006,532
Granted, Number of Shares	145,625
Canceled/Forfeited, Number of Shares	(111,084)
Outstanding Ending Balance, Number of Shares	5,041,073
Outstanding Beginning Balance, Weighted-Average Exercise Price Per Share	$ 2.66
Granted, Weighted-Average Exercise Price Per Share	1.25
Canceled/Forfeited, Weighted Average Exercise Price Per Share	2.04
Outstanding Ending Balance, Weighted Average Exercise Price Per Share	2.56
Outstanding, 1.45-3.75 [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Exercise Price Per Share, Minimum	1.45
Exercise Price Per Share, Maximum	3.75
Granted, 1.11-1.46 [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Exercise Price Per Share, Minimum	1.11
Exercise Price Per Share, Maximum	1.46
Canceled/Forfeited, 1.45-2.10 [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Exercise Price Per Share, Minimum	1.45
Exercise Price Per Share, Maximum	2.10
Outstanding, 1.11-3.75 [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Exercise Price Per Share, Minimum	1.11
Exercise Price Per Share, Maximum	$ 3.75

Related Party Transactions - Ad

Related Party Transactions - Additional Information (Detail) - USD ($)	Sep. 24, 2014	Jul. 16, 2013	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Related Party Transaction [Line Items]
Interest expense on seller notes			$ 42,236	$ 890,453	$ 90,833	$ 1,765,920
Interest expense related to amortization of discount on the Sellers’ Notes						908,303
Chief Executive Officer of Quest and Former President of Quest [Member] | Sellers Notes [Member]
Related Party Transaction [Line Items]
Repayment of debt	$ 11,000,000
Repaid of sellers notes using proceeds	11,000,000
Interest expense on seller notes	$ 101,260
Number of shares converted in to common stock	5,550,630
Interest expense related to amortization of discount on the Sellers’ Notes			0	456,661	0	908,303
Interest expenses			$ 0	$ 383,945	$ 0	$ 763,671
Retirement of sellers notes, date					Sep. 30, 2014
Chief Executive Officer of Quest and Former President of Quest [Member] | Quest Interests [Member]
Related Party Transaction [Line Items]
Notes accrue interest payable beginning		Jul. 16, 2013
Percentage of remaining ownership interest acquired		50.00%
Business acquisition shares issued		22,000,000
Sellers Notes in the aggregate principal amount		$ 22,000,000
Business acquisition, share price		$ 2.50
Business acquisition , consideration paid		$ 77,000,000

Material Subsequent Events - Ad

Material Subsequent Events - Additional Information (Detail) - Jul. 07, 2015 - Eighth Amendment To Loan Agreement with Regions [Member] - Subsequent Event [Member] - USD ($)	Total
Subsequent Event [Line Items]
Working capital from loan agreement with Regions Bank	$ 15,000,000
Line of credit, accordion feature	$ 5,000,000