Quest Resource Holding (QRHC) 10-Q 14 Nov 17 2017 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2017	Nov. 01, 2017
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Sep. 30, 2017
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	Q3
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		15,281,324

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)	Sep. 30, 2017	Dec. 31, 2016
Current assets:
Cash and cash equivalents	$ 1,115,761	$ 1,328,174
Accounts receivable, less allowance for doubtful accounts of $824,074 and $333,578 as of September 30, 2017 and December 31, 2016, respectively	20,030,064	34,828,495
Prepaid expenses and other current assets	1,483,696	2,671,002
Total current assets	22,629,521	38,827,671
Goodwill	58,337,290	58,337,290
Intangible assets, net	5,910,239	8,489,586
Property and equipment, net, and other assets	1,582,006	2,414,921
Total assets	88,459,056	108,069,468
Current liabilities:
Accounts payable and accrued liabilities	17,822,741	35,305,559
Deferred revenue and other current liabilities	324,065	406,057
Total current liabilities	18,146,806	35,711,616
Revolving credit facility, net	6,730,893	4,750,000
Other long-term liabilities	43,552	335,644
Total liabilities	24,921,251	40,797,260
Commitments and contingencies
Stockholders’ equity:
Preferred stock, $0.001 par value, 10,000,000 shares authorized, no shares issued or outstanding as of September 30, 2017 and December 31, 2016, respectively
Common stock, $0.001 par value, 200,000,000 shares authorized, 15,281,324 and 15,272,575 shares issued and outstanding as of September 30, 2017 and December 31, 2016, respectively	15,281	15,273
Additional paid-in capital	158,677,737	158,171,831
Accumulated deficit	(95,155,213)	(90,914,896)
Total stockholders’ equity	63,537,805	67,272,208
Total liabilities and stockholders’ equity	$ 88,459,056	$ 108,069,468

CONDENSED CONSOLIDATED BALANCE3

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) (Unaudited) - USD ($)	Sep. 30, 2017	Dec. 31, 2016
Statement Of Financial Position [Abstract]
Allowance for doubtful accounts receivable	$ 824,074	$ 333,578
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	15,281,324	15,272,575
Common stock, shares outstanding	15,281,324	15,272,575

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Income Statement [Abstract]
Revenue	$ 31,930,550	$ 46,157,414	$ 115,840,966	$ 138,771,985
Cost of revenue	27,904,006	42,562,397	103,180,609	128,036,082
Gross profit	4,026,544	3,595,017	12,660,357	10,735,903
Operating expenses:
Selling, general, and administrative	3,977,662	4,923,283	13,539,654	14,215,944
Depreciation and amortization	1,002,687	1,013,225	2,999,747	3,039,653
Total operating expenses	4,980,349	5,936,508	16,539,401	17,255,597
Operating loss	(953,805)	(2,341,491)	(3,879,044)	(6,519,694)
Other expense:
Interest expense	(126,507)	(62,345)	(361,273)	(176,207)
Total other expense	(126,507)	(62,345)	(361,273)	(176,207)
Loss before taxes	(1,080,312)	(2,403,836)	(4,240,317)	(6,695,901)
Net loss	(1,080,312)	(2,403,836)	(4,240,317)	(6,695,901)
Net loss applicable to common stockholders	$ (1,080,312)	$ (2,403,836)	$ (4,240,317)	$ (6,695,901)
Net loss per share
Basic and diluted	$ (0.07)	$ (0.16)	$ (0.28)	$ (0.46)
Weighted average number of common shares outstanding
Basic and diluted	15,281,324	14,853,675	15,276,741	14,559,874

CONDENSED CONSOLIDATED STATEME5

CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY (UNAUDITED) - 9 months ended Sep. 30, 2017 - USD ($)	Total	Common Stock [Member]	Additional Paid-in Capital [Member]	Accumulated Deficit [Member]
Beginning Balance at Dec. 31, 2016	$ 67,272,208	$ 15,273	$ 158,171,831	$ (90,914,896)
Beginning Balance, Shares at Dec. 31, 2016		15,272,575
Stock-based compensation	493,942		493,942
Shares issued for Employee Stock Purchase Plan options, Value	11,972	$ 8	11,964
Shares issued for Employee Stock Purchase Plan options, Shares		8,749
Net loss	(4,240,317)			(4,240,317)
Ending Balance at Sep. 30, 2017	$ 63,537,805	$ 15,281	$ 158,677,737	$ (95,155,213)
Ending Balance, Shares at Sep. 30, 2017		15,281,324

CONDENSED CONSOLIDATED STATEME6

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)	9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016
Cash flows from operating activities:
Net loss	$ (4,240,317)	$ (6,695,901)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation	339,272	354,495
Amortization of intangibles	2,787,236	2,771,912
Amortization of debt issuance costs	54,775
Provision for doubtful accounts	618,939	269,057
Stock-based compensation	1,540,817	1,882,572
Changes in operating assets and liabilities:
Accounts receivable	14,179,492	824,928
Prepaid expenses and other current assets	140,431	(690,394)
Security deposits and other assets	533,810	(943,102)
Accounts payable and accrued liabilities	(17,482,818)	(547,751)
Deferred revenue and other current liabilities	(79,913)	191,109
Other long-term liabilities	(33,356)	114,240
Net cash used in operating activities	(1,641,632)	(2,468,835)
Cash flows from investing activities:
Purchase of property and equipment	(40,167)	(451,590)
Purchase of capitalized software development	(207,889)	(272,012)
Net cash used in investing activities	(248,056)	(723,602)
Cash flows from financing activities:
Proceeds from credit facilities	81,939,205	16,500,000
Repayments of credit facilities	(79,991,362)	(17,250,000)
Debt issuance costs	(234,334)
Proceeds from the sale of common stock and warrants, net of issuance costs		2,889,350
Proceeds from shares issued for Employee Stock Purchase Plan	11,972	27,435
Repayments of capital lease obligations	(48,206)	(90,304)
Net cash provided by financing activities	1,677,275	2,076,481
Net decrease in cash and cash equivalents	(212,413)	(1,115,956)
Cash and cash equivalents at beginning of period	1,328,174	2,989,731
Cash and cash equivalents at end of period	1,115,761	1,873,775
Supplemental cash flow information:
Cash paid for interest	270,094	175,219
Supplemental non-cash activities:
Repayment of Regions line of credit	(9,250,000)
Acquisition of equipment under capital leases		33,106
Shares issued for consulting services		$ 1,675,000
ABL Facility [Member]
Supplemental non-cash activities:
Draw on Citizens ABL facility	9,250,000
Draw on Citizens ABL facility for repayment of capital lease obligation	212,609
Debt issuance costs financed with Citizens ABL facility	$ 235,173

The Company, Description of Bus

The Company, Description of Business, and Liquidity	9 Months Ended
	Sep. 30, 2017
Accounting Policies [Abstract]
The Company, Description of Business, and Liquidity	1. The Company, Description of Business, and Liquidity 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 (“LDI”), Youchange, Inc. (“Youchange”), Quest Vertigent Corporation (“QVC”), and Quest Vertigent One, LLC (“QV One”) (collectively, “we,” “us,” “our,” or “our company”). Operations – We provide businesses with one-stop management programs to reuse, recycle, and dispose of a wide variety of waste streams and recyclables generated by their businesses. Our comprehensive reuse, recycling, and proper disposal management programs are designed to enable regional and national customers to have a single point of contact for managing a variety of waste streams and recyclables. This business generates substantially all of our revenue. We also operate environmentally based social media and online data platforms that contain information and instructions necessary to empower consumers and consumer product companies to recycle or properly dispose of household products and materials. Our directory of local recycling and proper disposal options empowers consumers directly and enables consumer product companies to empower their customers by giving them the guidance necessary for the proper recycling or disposal of a wide range of household products and materials, including the “why, where, and how” of recycling. Three customers accounted for 52.0% and two customers accounted for 55.6% of revenue for the three months ended September 30, 2017 and 2016, respectively. Three customers accounted for 57.8% and two customers accounted for 55.5% of revenue for the nine months ended September 30, 2017 and 2016, respectively. Liquidity – As of September 30, 2017 and December 31, 2016, our working capital balance was $4,482,715 and $3,116,055, respectively.

Summary of Significant Accounti

Summary of Significant Accounting Policies	9 Months Ended
	Sep. 30, 2017
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	2. Summary of Significant Accounting Policies Principles of Presentation and Consolidation The condensed consolidated financial statements included herein have been prepared by us without audit pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”) and should be read in conjunction with our audited financial statements for the year ended December 31, 2016. 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 September 30, 2017 and the results of our operations and cash flows for the periods presented. We derived the December 31, 2016 condensed consolidated balance sheet data from audited financial statements, but did not include all disclosures required by GAAP. As Quest, Earth911, LDI, Youchange, QVC, and QV One 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. Interim results are subject to seasonal variations, and the results of operations for the three months ended September 30, 2017 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 • collectibility 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. We deem services to be performed when the services have been completed. 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. Collectibility Is Reasonably Assured – We assess collectibility on a customer by customer basis based on criteria developed by us. 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 We recognize licensing fees 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 2017 and 2016 would be anti-dilutive. These potentially dilutive securities include stock options and warrants and totaled 3,094,321 and 3,266,799 shares at September 30, 2017 and 2016, respectively. The following table sets forth the anti-dilutive securities excluded from diluted loss per share: September 30, 2017 2016 (Unaudited) (Unaudited) Anti-dilutive securities excluded from diluted loss per share: Stock options 1,360,756 1,271,858 Warrants 1,733,565 1,994,941 Total anti-dilutive securities excluded from diluted loss per share 3,094,321 3,266,799 Inventories We record inventories within “Prepaid expenses and other current assets” in our condensed consolidated balance sheets. As of September 30, 2017 and December 31, 2016, all inventories consisted of waste disposal equipment with cost balances of $11,271 and $12,996, respectively, with no reserve for inventory obsolescence at either date. Recent Accounting Pronouncements Adopted In January 2017, the FASB issued ASU 2017-04, Intangibles Goodwill and Other (Topic 350) Simplifying the Test for Goodwill Impairment Pending Adoption In May 2014, the FASB issued Accounting Standards Update (“ASU”) 2014-09, Revenue from Contracts with Customers (Topic 606) To assess the impact of the standard, we are using internal resources to lead the implementation efforts. Our internal resources reviewed the amended guidance, attended training classes and consulted with other accounting professionals to assist with interpretation of the amended guidance. We completed an impact assessment of the guidance changes affecting our company and developed an approach to address each change. We are in the process of reviewing our portfolio of service contracts and documenting key contract terms for areas impacted by the amended guidance. In addition, we are assessing the effect this guidance may have on the timing of the recognition of costs we incur to obtain and fulfill our contracts. Changes to processes and internal controls are being identified to meet the standard’s reporting and disclosure requirements. We continue to work through an analysis of the increased disclosures required by the new guidance. In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842) In June 2016, the FASB issued ASU 2016-13, Financial Instruments – Credit Losses (Topic 326) In August 2016, the FASB issued ASU 2016-15, Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments 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.

Property and Equipment, Net, an

Property and Equipment, Net, and Other Assets	9 Months Ended
	Sep. 30, 2017
Property Plant And Equipment [Abstract]
Property and Equipment, Net, and Other Assets	3. Property and Equipment, Net, and Other Assets At September 30, 2017 and December 31, 2016, property and equipment, net, and other assets consisted of the following: September 30, December 31, 2017 2016 (Unaudited) Property and equipment, net of accumulated depreciation of $2,089,097 and $2,442,549 as of September 30, 2017 and December 31, 2016, respectively $ 1,041,745 $ 1,340,850 Security deposits and other assets 540,261 1,074,071 Property and equipment, net, and other assets $ 1,582,006 $ 2,414,921 We compute depreciation using the straight-line method over the estimated useful lives of the property and equipment. Depreciation expense for the three months ended September 30, 2017 was $110,582, inclusive of $43,462 of depreciation expense reflected within “Cost of revenue” in our condensed consolidated statement of operations as it related to assets used in directly servicing customer contracts, and was $339,272 for the nine months ended September 30, 2017, inclusive of $126,761 of depreciation expense reflected within “Cost of revenue.” Depreciation expense for the three months ended September 30, 2016 was $123,283, inclusive of $38,490 of depreciation expense reflected within “Cost of revenue,” and was $354,495 for the nine months ended September 30, 2016, inclusive of $86,754 reflected within “Cost of revenue.” At September 30, 2017, the carrying value of our capital lease assets was $269,598, net of $230,499 of accumulated depreciation. At December 31, 2016, the carrying value of our capital lease assets was $347,135, net of $152,962 of accumulated depreciation.

Goodwill and Other Intangible A

Goodwill and Other Intangible Assets	9 Months Ended
	Sep. 30, 2017
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: September 30, 2017 (Unaudited) Estimated Useful Life Gross Carrying Amount Accumulated Amortization Net Finite lived intangible assets: Customer relationships 5 years $ 12,720,000 $ 10,706,000 $ 2,014,000 Trademarks 7 years 6,242,055 3,746,893 2,495,162 Patents 7 years 230,683 230,683 — Software 7 years 1,857,396 488,819 1,368,577 Customer lists 5 years 307,153 274,653 32,500 Total finite lived intangible assets $ 21,357,287 $ 15,447,048 $ 5,910,239 December 31, 2016 Estimated Useful Life Gross Carrying Amount Accumulated Amortization Net Finite lived intangible assets: Customer relationships 5 years $ 12,720,000 $ 8,798,000 $ 3,922,000 Trademarks 7 years 6,242,055 3,078,845 3,163,210 Patents 7 years 230,683 230,683 — Software 7 years 1,649,507 307,989 1,341,518 Customer lists 5 years 307,153 244,295 62,858 Total finite lived intangible assets $ 21,149,398 $ 12,659,812 $ 8,489,586 September 30, 2017 (Unaudited) and December 31, 2016 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. Amortization expense related to finite lived intangible assets was $935,567 and $928,431 for the three months ended September 30, 2017 and 2016, respectively. Amortization expense related to finite lived intangible assets was $2,787,236 and $2,771,912 for the nine months ended September 30, 2017 and 2016, respectively. We have no indefinite-lived intangible assets other than goodwill. The goodwill is not deductible for tax purposes. We performed our annual impairment analysis for goodwill and other intangible assets in the second quarter of 2017 with no impairment recorded.

Accounts Payable and Accrued Li

Accounts Payable and Accrued Liabilities	9 Months Ended
	Sep. 30, 2017
Accounts Payable And Accrued Liabilities Current [Abstract]
Accounts Payable and Accrued Liabilities	5. Accounts Payable and Accrued Liabilities The components of Accounts payable and accrued liabilities are as follows: September 30, December 31, 2017 2016 (Unaudited) Accounts payable $ 16,220,566 $ 32,944,202 Accrued taxes 959,743 1,272,832 Employee compensation 405,326 529,945 Other 237,106 558,580 $ 17,822,741 $ 35,305,559

Revolving Credit Facility

Revolving Credit Facility	9 Months Ended
	Sep. 30, 2017
Debt Disclosure [Abstract]
Revolving Credit Facility	6. Revolving Credit Facility We entered into a Loan, Security and Guaranty Agreement (the “Citizens Loan Agreement”), dated as of February 24, 2017, with Citizens Bank, National Association as a lender, and as administrative agent, collateral agent, and issuing bank, which provides for an asset-based revolving credit facility (the “ABL Facility”) of up to $20 million, and an equipment loan facility in the maximum principal amount of $2.0 million. The ABL Facility replaced our Revolving Credit Note and Loan Agreement with Regions Bank, which was paid off and terminated effective February 24, 2017. Each loan under the ABL Facility bears interest, at our option, at either the Base Rate, as defined in the agreement, plus a margin ranging from 1.0% to 1.5% (5.75% as of September 30, 2017), or the LIBOR lending rate for the interest period in effect, plus a margin ranging from 2.0% to 2.5% (3.54% as of September 30, 2017). The maturity date of the revolving credit facility is February 24, 2022. Loans under the equipment loan facility may be requested at any time until February 24, 2019. Each loan under the equipment loan facility bears interest, at our option, at either the Base Rate, as defined in the agreement, plus 2.00%, or the LIBOR lending rate for the interest period in effect, plus 3.00%. The maturity date of the equipment loan facility is February 24, 2022. The ABL Facility contains certain specific financial covenants regarding a minimum liquidity requirement and a minimum fixed charge coverage ratio. The minimum fixed charge coverage ratio covenant will not apply until May 15, 2018, when the trailing 12-month period ending March 31, 2018 has been reported. In addition, the ABL Facility contains negative covenants limiting, among other things, additional indebtedness, transactions with affiliates, additional liens, sales of assets, dividends, investments and advances, mergers and acquisitions, and other matters customarily restricted in such agreements. The amount of interest expense related to borrowings for the three months ended September 30, 2017 and 2016 was $100,511 and $57,331, respectively. The amount of interest expense related to borrowings for the nine months ended September 30, 2017 and 2016 was $297,870 and $161,642, respectively. Debt issuance cost of $469,507 is being amortized to interest expense over the life of the new revolving credit facility beginning March 1, 2017. As of September 30, 2017, the unamortized portion of the debt issuance costs was $414,732. The amount of interest expense related to the amortization of the discount on the revolving credit facility for was $54,775.

Capital Lease Obligations

Capital Lease Obligations	9 Months Ended
	Sep. 30, 2017
Debt Disclosure [Abstract]
Capital Lease Obligations	7. Capital Lease Obligations At September 30, 2017 and December 31, 2016, total capital lease obligations outstanding consisted of the following: September 30, December 31, 2017 2016 (Unaudited) Capital lease obligations, imputed interest at 3.00% to 13.29%, with monthly payments of approximately $6,000, expiring through November 2020, secured by computer and telephone equipment $ 54,438 $ 315,253 Total 54,438 315,253 Less: current maturities (48,775 ) (106,184 ) Long-term portion $ 5,663 $ 209,069 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 September 30, 2017 and 2016 was $992 and $3,464, respectively. The amount of interest expense related to our capital leases for the nine months ended September 30, 2017 and 2016 was $5,090 and $11,117, respectively.

Income Taxes

Income Taxes	9 Months Ended
	Sep. 30, 2017
Income Tax Disclosure [Abstract]
Income Taxes	8. 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	9 Months Ended
	Sep. 30, 2017
Fair Value Disclosures [Abstract]
Fair Value of Financial Instruments	9. Fair Value of Financial Instruments Our financial instruments consist of cash and cash equivalents, accounts receivable, accounts payable, accrued liabilities, deferred revenue, revolving credit facility, and capital lease obligations. We do not believe that we are exposed to significant interest, currency, or credit risks arising from these financial instruments. 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 revolving credit facility, based on borrowing rates currently available to us for loans with similar terms and maturities.

Stockholders' Equity

Stockholders' Equity	9 Months Ended
	Sep. 30, 2017
Equity [Abstract]
Stockholders' Equity	10. 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 15,281,324 and 15,272,575 shares were issued and outstanding as of September 30, 2017 and December 31, 2016, respectively. Shares Issued for Employee Stock Purchase Plan Options – On May 23, 2017, we issued 8,749 shares to employees for $11,972 under our 2014 Employee Stock Purchase Plan (“ESPP”) for options that vested and were exercised. Shares Issued for Consulting Services – On September 28, 2016, we issued 418,750 fully vested restricted shares of our common stock to a third party for consulting services under a one-year contract. We recorded an expense of $1,046,875 for the nine months ended September 30, 2017 within “Selling, general, and administrative” expenses in our condensed consolidated statement of operations. The prepaid asset associated with this consulting services contract was fully amortized as of September 30, 2017. Warrants – During 2016, we issued warrants to purchase 521,060 shares, and no holders have exercised warrants. At September 30, 2017, we had outstanding exercisable warrants to purchase 1,733,565 shares of common stock. The following table summarizes the warrants issued and outstanding as of September 30, 2017: Date of Exercise Shares of Description Issuance Expiration Price Common Stock Exercisable warrants Warrants 09/24/2014 09/24/2019 $ 20.00 1,125,005 Warrants 10/20/2014 10/20/2019 $ 20.00 87,500 Warrants 3/30/2016 03/30/2021 $ 3.88 521,060 Total warrants issued and outstanding 1,733,565 Employee Stock Purchase Plan – On September 17, 2014, our stockholders approved our 2014 ESPP. We recorded expense of $14,686 and $28,200 related to the ESPP during the nine months ended September 30, 2017 and 2016, respectively. Stock Options – We recorded stock option expense of $479,256 and $1,623,029 for the nine months ended September 30, 2017 and 2016, respectively. The following table summarizes the stock option activity for the nine month period ended September 30, 2017: Stock Options Weighted- Exercise Average Number Price Per Exercise Price of Shares Share Per Share Outstanding at December 31, 2016 1,317,402 $2.08 — $26.00 $ 9.09 Granted 79,500 $2.13 — $2.71 $ 2.50 Canceled/Forfeited (36,146 ) $6.40 — $23.20 $ 12.35 Outstanding at September 30, 2017 1,360,756 $2.08 — $26.00 $ 8.62

Summary of Significant Accoun17

Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2017
Accounting Policies [Abstract]
Principles of Presentation and Consolidation	Principles of Presentation and Consolidation The condensed consolidated financial statements included herein have been prepared by us without audit pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”) and should be read in conjunction with our audited financial statements for the year ended December 31, 2016. 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 September 30, 2017 and the results of our operations and cash flows for the periods presented. We derived the December 31, 2016 condensed consolidated balance sheet data from audited financial statements, but did not include all disclosures required by GAAP. As Quest, Earth911, LDI, Youchange, QVC, and QV One 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. Interim results are subject to seasonal variations, and the results of operations for the three months ended September 30, 2017 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 • collectibility 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. We deem services to be performed when the services have been completed. 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. Collectibility Is Reasonably Assured – We assess collectibility on a customer by customer basis based on criteria developed by us. 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 We recognize licensing fees 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 2017 and 2016 would be anti-dilutive. These potentially dilutive securities include stock options and warrants and totaled 3,094,321 and 3,266,799 shares at September 30, 2017 and 2016, respectively. The following table sets forth the anti-dilutive securities excluded from diluted loss per share: September 30, 2017 2016 (Unaudited) (Unaudited) Anti-dilutive securities excluded from diluted loss per share: Stock options 1,360,756 1,271,858 Warrants 1,733,565 1,994,941 Total anti-dilutive securities excluded from diluted loss per share 3,094,321 3,266,799
Inventories	Inventories We record inventories within “Prepaid expenses and other current assets” in our condensed consolidated balance sheets. As of September 30, 2017 and December 31, 2016, all inventories consisted of waste disposal equipment with cost balances of $11,271 and $12,996, respectively, with no reserve for inventory obsolescence at either date.
Recently Issued Accounting Pronouncements	Recent Accounting Pronouncements Adopted In January 2017, the FASB issued ASU 2017-04, Intangibles Goodwill and Other (Topic 350) Simplifying the Test for Goodwill Impairment Pending Adoption In May 2014, the FASB issued Accounting Standards Update (“ASU”) 2014-09, Revenue from Contracts with Customers (Topic 606) To assess the impact of the standard, we are using internal resources to lead the implementation efforts. Our internal resources reviewed the amended guidance, attended training classes and consulted with other accounting professionals to assist with interpretation of the amended guidance. We completed an impact assessment of the guidance changes affecting our company and developed an approach to address each change. We are in the process of reviewing our portfolio of service contracts and documenting key contract terms for areas impacted by the amended guidance. In addition, we are assessing the effect this guidance may have on the timing of the recognition of costs we incur to obtain and fulfill our contracts. Changes to processes and internal controls are being identified to meet the standard’s reporting and disclosure requirements. We continue to work through an analysis of the increased disclosures required by the new guidance. In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842) In June 2016, the FASB issued ASU 2016-13, Financial Instruments – Credit Losses (Topic 326) In August 2016, the FASB issued ASU 2016-15, Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments 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 Accoun18

Summary of Significant Accounting Policies (Tables)	9 Months Ended
	Sep. 30, 2017
Accounting Policies [Abstract]
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: September 30, 2017 2016 (Unaudited) (Unaudited) Anti-dilutive securities excluded from diluted loss per share: Stock options 1,360,756 1,271,858 Warrants 1,733,565 1,994,941 Total anti-dilutive securities excluded from diluted loss per share 3,094,321 3,266,799

Property and Equipment, Net, 19

Property and Equipment, Net, and Other Assets (Tables)	9 Months Ended
	Sep. 30, 2017
Property Plant And Equipment [Abstract]
Components Property and Equipment, Net, and Other Assets	At September 30, 2017 and December 31, 2016, property and equipment, net, and other assets consisted of the following: September 30, December 31, 2017 2016 (Unaudited) Property and equipment, net of accumulated depreciation of $2,089,097 and $2,442,549 as of September 30, 2017 and December 31, 2016, respectively $ 1,041,745 $ 1,340,850 Security deposits and other assets 540,261 1,074,071 Property and equipment, net, and other assets $ 1,582,006 $ 2,414,921

Goodwill and Other Intangible20

Goodwill and Other Intangible Assets (Tables)	9 Months Ended
	Sep. 30, 2017
Goodwill And Intangible Assets Disclosure [Abstract]
Schedule of Finite-Lived Intangible Assets	The components of goodwill and other intangible assets were as follows: September 30, 2017 (Unaudited) Estimated Useful Life Gross Carrying Amount Accumulated Amortization Net Finite lived intangible assets: Customer relationships 5 years $ 12,720,000 $ 10,706,000 $ 2,014,000 Trademarks 7 years 6,242,055 3,746,893 2,495,162 Patents 7 years 230,683 230,683 — Software 7 years 1,857,396 488,819 1,368,577 Customer lists 5 years 307,153 274,653 32,500 Total finite lived intangible assets $ 21,357,287 $ 15,447,048 $ 5,910,239 December 31, 2016 Estimated Useful Life Gross Carrying Amount Accumulated Amortization Net Finite lived intangible assets: Customer relationships 5 years $ 12,720,000 $ 8,798,000 $ 3,922,000 Trademarks 7 years 6,242,055 3,078,845 3,163,210 Patents 7 years 230,683 230,683 — Software 7 years 1,649,507 307,989 1,341,518 Customer lists 5 years 307,153 244,295 62,858 Total finite lived intangible assets $ 21,149,398 $ 12,659,812 $ 8,489,586
Schedule of Indefinite-Lived Intangible Assets	September 30, 2017 (Unaudited) and December 31, 2016 Estimated Useful Life Carrying Amount Indefinite lived intangible asset: Goodwill Indefinite $ 58,337,290

Accounts Payable and Accrued 21

Accounts Payable and Accrued Liabilities (Tables)	9 Months Ended
	Sep. 30, 2017
Accounts Payable And Accrued Liabilities Current [Abstract]
Components of Accounts Payable and Accrued Liabilities	The components of Accounts payable and accrued liabilities are as follows: September 30, December 31, 2017 2016 (Unaudited) Accounts payable $ 16,220,566 $ 32,944,202 Accrued taxes 959,743 1,272,832 Employee compensation 405,326 529,945 Other 237,106 558,580 $ 17,822,741 $ 35,305,559

Capital Lease Obligations (Tabl

Capital Lease Obligations (Tables)	9 Months Ended
	Sep. 30, 2017
Debt Disclosure [Abstract]
Summary of Capital Lease Obligations	At September 30, 2017 and December 31, 2016, total capital lease obligations outstanding consisted of the following: September 30, December 31, 2017 2016 (Unaudited) Capital lease obligations, imputed interest at 3.00% to 13.29%, with monthly payments of approximately $6,000, expiring through November 2020, secured by computer and telephone equipment $ 54,438 $ 315,253 Total 54,438 315,253 Less: current maturities (48,775 ) (106,184 ) Long-term portion $ 5,663 $ 209,069

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)	9 Months Ended
	Sep. 30, 2017
Equity [Abstract]
Summary of Warrants Issued and Outstanding	The following table summarizes the warrants issued and outstanding as of September 30, 2017: Date of Exercise Shares of Description Issuance Expiration Price Common Stock Exercisable warrants Warrants 09/24/2014 09/24/2019 $ 20.00 1,125,005 Warrants 10/20/2014 10/20/2019 $ 20.00 87,500 Warrants 3/30/2016 03/30/2021 $ 3.88 521,060 Total warrants issued and outstanding 1,733,565
Summary of Stock Option Activity	Stock Options – We recorded stock option expense of $479,256 and $1,623,029 for the nine months ended September 30, 2017 and 2016, respectively. The following table summarizes the stock option activity for the nine month period ended September 30, 2017: Stock Options Weighted- Exercise Average Number Price Per Exercise Price of Shares Share Per Share Outstanding at December 31, 2016 1,317,402 $2.08 — $26.00 $ 9.09 Granted 79,500 $2.13 — $2.71 $ 2.50 Canceled/Forfeited (36,146 ) $6.40 — $23.20 $ 12.35 Outstanding at September 30, 2017 1,360,756 $2.08 — $26.00 $ 8.62

The Company, Description of B24

The Company, Description of Business, and Liquidity - Additional Information (Detail)	3 Months Ended		9 Months Ended
	Sep. 30, 2017USD ($)Customer	Sep. 30, 2016Customer	Sep. 30, 2017USD ($)Customer	Sep. 30, 2016Customer	Dec. 31, 2016USD ($)
Concentration Risk [Line Items]
Working Capital | $	$ 4,482,715		$ 4,482,715		$ 3,116,055
Revenue [Member]
Concentration Risk [Line Items]
Number of customer | Customer	3	2	3	2
Customer Accounted [Member] | Revenue [Member]
Concentration Risk [Line Items]
Percentage of revenue	52.00%	55.60%	57.80%	55.50%

Summary of Significant Accoun25

Summary of Significant Accounting Policies - Additional Information (Detail)	3 Months Ended			9 Months Ended
	Sep. 30, 2017USD ($)	Jun. 30, 2017Contract	Sep. 30, 2016USD ($)	Sep. 30, 2017USD ($)shares	Sep. 30, 2016USD ($)shares	Dec. 31, 2016USD ($)
Accounting Policies [Abstract]
Number of contracts accounted for management fees | Contract		1
Management fees earned, net	$ 0		$ 88,997	$ 78,145	$ 239,723
Management fees earned, gross	0		$ 1,523,282	$ 2,173,022	$ 3,788,592
Potentially dilutive securities include options and warrants | shares				3,094,321	3,266,799
Inventories waste disposal equipment	11,271			$ 11,271		$ 12,996
Reserve for inventory obsolescence	$ 0			$ 0		$ 0

Summary of Significant Accoun26

Summary of Significant Accounting Policies - Schedule of Anti-dilutive Securities Excluded from Diluted Loss Per Share (Detail) - shares	9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Anti-dilutive securities excluded from diluted loss per share	3,094,321	3,266,799
Stock options [Member]
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Anti-dilutive securities excluded from diluted loss per share	1,360,756	1,271,858
Warrants [Member]
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Anti-dilutive securities excluded from diluted loss per share	1,733,565	1,994,941

Property and Equipment, Net, 27

Property and Equipment, Net, and Other Assets - Components of Property and Equipment, Net, and Other Assets (Detail) - USD ($)	Sep. 30, 2017	Dec. 31, 2016
Property Plant And Equipment [Abstract]
Property and equipment, net of accumulated depreciation of $2,588,002 and $2,442,549 as of June 30, 2017 and December 31, 2016, respectively	$ 1,041,745	$ 1,340,850
Security deposits and other assets	540,261	1,074,071
Property and Equipment net and other assets	$ 1,582,006	$ 2,414,921

Property and Equipment, Net, 28

Property and Equipment, Net, and Other Assets - Components of Property and Equipment, Net, and Other Assets ( Parenthetical) (Detail) - USD ($)	Sep. 30, 2017	Dec. 31, 2016
Property Plant And Equipment [Abstract]
Accumulated depreciation, Property and equipment	$ 2,089,097	$ 2,442,549

Property and Equipment, Net, 29

Property and Equipment, Net, and Other Assets - Additional Information (Detail) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016	Dec. 31, 2016
Property Plant And Equipment [Abstract]
Depreciation	$ 110,582	$ 123,283	$ 339,272	$ 354,495
Depreciation reflected in cost of revenue	43,462	$ 38,490	126,761	$ 86,754
Capital lease assets, net	269,598		269,598		$ 347,135
Capital lease assets, accumulated depreciation	$ 230,499		$ 230,499		$ 152,962

Goodwill and Other Intangible30

Goodwill and Other Intangible Assets - Schedule of Finite-Lived Intangible Assets (Detail) - USD ($)	9 Months Ended	12 Months Ended
	Sep. 30, 2017	Dec. 31, 2016
Finite Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 21,357,287	$ 21,149,398
Accumulated Amortization	15,447,048	12,659,812
Net	$ 5,910,239	$ 8,489,586
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	10,706,000	8,798,000
Net	$ 2,014,000	$ 3,922,000
Trademarks [Member]
Finite Lived Intangible Assets [Line Items]
Estimated Useful Life	7 years	7 years
Gross Carrying Amount	$ 6,242,055	$ 6,242,055
Accumulated Amortization	3,746,893	3,078,845
Net	$ 2,495,162	$ 3,163,210
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	$ 1,857,396	$ 1,649,507
Accumulated Amortization	488,819	307,989
Net	$ 1,368,577	$ 1,341,518
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	274,653	244,295
Net	$ 32,500	$ 62,858

Goodwill and Other Intangible31

Goodwill and Other Intangible Assets - Schedule of Indefinite-Lived Intangible Assets (Detail) - USD ($)	9 Months Ended
	Sep. 30, 2017	Dec. 31, 2016
Goodwill And Intangible Assets Disclosure [Abstract]
Goodwill Useful Life Description	Indefinite
Goodwill	$ 58,337,290	$ 58,337,290

Goodwill and Other Intangible32

Goodwill and Other Intangible Assets - Additional Information (Detail) - USD ($)	3 Months Ended			9 Months Ended
	Sep. 30, 2017	Jun. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Goodwill And Intangible Assets Disclosure [Abstract]
Amortization of intangibles	$ 935,567		$ 928,431	$ 2,787,236	$ 2,771,912
Indefinite-lived intangible assets other than goodwill				$ 0
Impairment of goodwill and other intangible assets		$ 0

Accounts Payable and Accrued 33

Accounts Payable and Accrued Liabilities - Components of Accounts Payable and Accrued Liabilities (Detail) - USD ($)	Sep. 30, 2017	Dec. 31, 2016
Accounts Payable And Accrued Liabilities Current [Abstract]
Accounts payable	$ 16,220,566	$ 32,944,202
Accrued taxes	959,743	1,272,832
Employee compensation	405,326	529,945
Other	237,106	558,580
Accounts payable and accrued liabilities	$ 17,822,741	$ 35,305,559

Revolving Credit Facility - Add

Revolving Credit Facility - Additional Information (Detail) - USD ($)	Feb. 24, 2017	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016	Dec. 31, 2016
Line of Credit Facility [Line Items]
Interest expense related to borrowings		$ 126,507	$ 62,345	$ 361,273	$ 176,207
Interest expense related to amortization of discount				54,775
Revolving credit facility liability		6,730,893		6,730,893		$ 4,750,000
ABL Facility [Member]
Line of Credit Facility [Line Items]
Revolving credit facility maximum principal amount	$ 20,000,000
Revolving credit facility agreement with regions bank, paid off and terminated effective date	Feb. 24, 2017
Debt instrument maturity date	Feb. 24, 2022
Interest expense related to borrowings		100,511	$ 57,331	297,870	$ 161,642
Revolving credit facility liability		6,730,893		6,730,893
Unamortized debt issuance cost		414,732		414,732
Additional amount available to be borrow under revolving credit facility		4,151,000		$ 4,151,000
ABL Facility [Member] | Base Rate [Member]
Line of Credit Facility [Line Items]
Debt instrument interest rate				5.75%
ABL Facility [Member] | LIBOR [Member]
Line of Credit Facility [Line Items]
Debt instrument interest rate				3.54%
ABL Facility [Member] | Minimum [Member] | Base Rate [Member]
Line of Credit Facility [Line Items]
Debt instrument interest rate	1.00%
ABL Facility [Member] | Minimum [Member] | LIBOR [Member]
Line of Credit Facility [Line Items]
Debt instrument interest rate	2.00%
ABL Facility [Member] | Maximum [Member] | Base Rate [Member]
Line of Credit Facility [Line Items]
Debt instrument interest rate	1.50%
ABL Facility [Member] | Maximum [Member] | LIBOR [Member]
Line of Credit Facility [Line Items]
Debt instrument interest rate	2.50%
Equipment Loan Facility [Member]
Line of Credit Facility [Line Items]
Revolving credit facility maximum principal amount	$ 2,000,000
Debt instrument maturity date	Feb. 24, 2022
Revolving credit facility liability		0		$ 0
Equipment Loan Facility [Member] | Base Rate [Member]
Line of Credit Facility [Line Items]
Debt instrument interest rate	2.00%
Equipment Loan Facility [Member] | LIBOR [Member]
Line of Credit Facility [Line Items]
Debt instrument interest rate	3.00%
Revolving Credit Facility [Member]
Line of Credit Facility [Line Items]
Debt issuance cost		469,507		469,507
Unamortized portion of debt discount		$ 414,732		414,732
Interest expense related to amortization of discount				$ 54,775

Capital Lease Obligations - Sum

Capital Lease Obligations - Summary of Capital Lease Obligations (Detail) - USD ($)	Sep. 30, 2017	Dec. 31, 2016
Leases [Abstract]
Total Capital lease obligations, imputed interest at 3.00% to 13.29%, with monthly payments of approximately $6,000, expiring through November 2020, secured by computer and telephone equipment	$ 54,438	$ 315,253
Less: current maturities	(48,775)	(106,184)
Long-term portion	$ 5,663	$ 209,069

Capital Lease Obligations - S36

Capital Lease Obligations - Summary of Capital Lease Obligations (Parenthetical) (Detail) - Capital lease obligations, imputed interest at 3.00% to 13.29% [Member] - USD ($)	9 Months Ended	12 Months Ended
	Sep. 30, 2017	Dec. 31, 2016
Debt Instrument [Line Items]
Imputed interest rate for capital lease obligation, minimum	3.00%	3.00%
Imputed interest rate for capital lease obligation, maximum	13.29%	13.29%
Monthly installment capital lease obligation	$ 6,000	$ 6,000
Debt instrument expiring date, description	expiring through November 2020

Capital Lease Obligations - Add

Capital Lease Obligations - Additional Information (Detail) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Debt Disclosure [Abstract]
Interest expense related to capital leases	$ 992	$ 3,464	$ 5,090	$ 11,117

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) - USD ($)	9 Months Ended
	Sep. 30, 2017	Dec. 31, 2016
Income Tax Disclosure [Abstract]
Valuation allowance	$ 17,400,000	$ 15,555,000
Federal income tax net operating loss carry forward	$ 19,300,000	$ 18,500,000
Net operating loss carry forwards expiration beginning year	2,031

Stockholders' Equity - Addition

Stockholders' Equity - Additional Information (Detail) - USD ($)	9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Dec. 31, 2016
Equity [Abstract]
Preferred stock, shares authorized	10,000,000		10,000,000
Preferred stock, par value	$ 0.001		$ 0.001
Preferred stock, shares issued	0		0
Preferred stock, shares outstanding	0		0
Common stock, shares authorized	200,000,000		200,000,000
Common stock, par value	$ 0.001		$ 0.001
Common stock, shares issued	15,281,324		15,272,575
Common stock, shares outstanding	15,281,324		15,272,575
Employee stock purchase plan expense	$ 14,686	$ 28,200

Stockholders' Equity - Additi40

Stockholders' Equity - Additional Information - Shares Issued for Employee Stock Purchase Plan Options (Detail) - USD ($)	May 23, 2017	Sep. 30, 2017
Schedule Of Stockholders Equity [Line Items]
Shares issued for Employee Stock Purchase Plan options, Value		$ 11,972
2014 Employee Stock Purchase Plan [Member]
Schedule Of Stockholders Equity [Line Items]
Shares issued for Employee Stock Purchase Plan options, Shares	8,749
Shares issued for Employee Stock Purchase Plan options, Value	$ 11,972

Stockholders' Equity - Additi41

Stockholders' Equity - Additional Information - Shares Issued for Consulting Services (Detail) - USD ($)	Sep. 28, 2016	Sep. 30, 2017
Common Stock [Member]
Schedule Of Stockholders Equity [Line Items]
Fully-vested restricted shares of common stock issued to third party consulting services, Shares	418,750
Fully-vested restricted shares of common stock issued to third party consulting services, contract period	1 year
Selling, General and Administrative Expenses [Member]
Schedule Of Stockholders Equity [Line Items]
Expenses recorded for consulting services		$ 1,046,875

Stockholders' Equity - Additi42

Stockholders' Equity - Additional Information - Warrants (Detail) - shares	9 Months Ended
	Sep. 30, 2017	Dec. 31, 2016
Class Of Warrant Or Right [Line Items]
Warrants issued		521,060
Number of exercised warrants	0
Warrants outstanding	1,733,565
Exercisable Warrants [Member]
Class Of Warrant Or Right [Line Items]
Warrants outstanding	1,733,565

Stockholders' Equity - Summary

Stockholders' Equity - Summary of Warrants Issued and Outstanding (Detail)	9 Months Ended
	Sep. 30, 2017$ / sharesshares
Class Of Warrant Or Right [Line Items]
Shares of Common Stock	1,733,565
Exercisable Warrants [Member]
Class Of Warrant Or Right [Line Items]
Shares of Common Stock	1,733,565
Exercisable Warrants [Member] | Warrants One [Member]
Class Of Warrant Or Right [Line Items]
Date of Issuance	Sep. 24, 2014
Date of Expiration	Sep. 24, 2019
Exercise Price | $ / shares	$ 20
Shares of Common Stock	1,125,005
Exercisable Warrants [Member] | Warrants Two [Member]
Class Of Warrant Or Right [Line Items]
Date of Issuance	Oct. 20, 2014
Date of Expiration	Oct. 20, 2019
Exercise Price | $ / shares	$ 20
Shares of Common Stock	87,500
Exercisable Warrants [Member] | Warrants Three [Member]
Class Of Warrant Or Right [Line Items]
Date of Issuance	Mar. 30, 2016
Date of Expiration	Mar. 30, 2021
Exercise Price | $ / shares	$ 3.88
Shares of Common Stock	521,060

Stockholders' Equity - Additi44

Stockholders' Equity - Additional Information - Stock Options (Detail) - USD ($)	9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016
Equity [Abstract]
Stock options expense	$ 479,256	$ 1,623,029

Stockholders' Equity - Summar45

Stockholders' Equity - Summary of Stock Option Activity (Detail)	9 Months Ended
	Sep. 30, 2017$ / sharesshares
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Outstanding Beginning Balance, Number of Shares | shares	1,317,402
Granted, Number of Shares | shares	79,500
Canceled/Forfeited, Number of Shares | shares	(36,146)
Outstanding Ending Balance, Number of Shares | shares	1,360,756
Outstanding Beginning Balance, Weighted-Average Exercise Price Per Share	$ 9.09
Granted, Weighted-Average Exercise Price Per Share	2.50
Canceled/Forfeited, Weighted-Average Exercise Price Per Share	12.35
Outstanding Ending Balance, Weighted-Average Exercise Price Per Share	8.62
Outstanding, 2.08 — 26.00 [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Exercise Price Per Share, Minimum	2.08
Exercise Price Per Share, Maximum	26
Granted, 2.13 — 2.71 [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Exercise Price Per Share, Minimum	2.13
Exercise Price Per Share, Maximum	2.71
Canceled/Forfeited, 6.40 — 23.20 [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Exercise Price Per Share, Minimum	6.40
Exercise Price Per Share, Maximum	23.20
Outstanding, 2.08 — 26.00 [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Exercise Price Per Share, Minimum	2.08
Exercise Price Per Share, Maximum	$ 26