XML 35 R28.htm IDEA: XBRL DOCUMENT
v3.25.1

Notes Payable (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2025
Debt Disclosure [Abstract] |
Schedule of Debt Obligations | Our debt obligations were as follows (in thousands):
|  | Interest |  | March 31, |  |  | December 31, |
|  | Rate (1) |  | 2025 |  |  | 2024 |
|  |  |  | (Unaudited) |  |  |  |
Monroe Term Loan (2) |  | 9.94% |  | $ | 51,498 |  |  | $ | 54,000 |
PNC ABL Facility (3) |  | 6.32% |  |  | 24,055 |  |  |  | 23,109 |
PNC Equipment Term Loan 1 (4) |  | 7.07% |  |  | 1,575 |  |  |  | 2,729 |
PNC Equipment Term Loan 2 (4) |  | 7.07% |  |  | 390 |  |  |  | — |
Green Remedies Promissory Note (5) |  | 3.00% |  |  | 430 |  |  |  | 564 |
Total notes payable |  |  |  |  | 77,948 |  |  |  | 80,402 |
Less: Current portion of long-term debt |  |  |  |  | (1,545 | ) |  |  | (1,651 | )
Less: Unamortized debt issuance costs |  |  |  |  | (2,070 | ) |  |  | (2,171 | )
Less: Unamortized OID |  |  |  |  | (57 | ) |  |  | (83 | )
Less: Unamortized OID warrant |  |  |  |  | (161 | ) |  |  | (232 | )
Notes payable, net |  |  |  | $ | 74,115 |  |  | $ | 76,265 |
(1) Interest rates as of March 31, 2025 |  |  |  |  |  |
(2) Bears interest based on SOFR plus Applicable Margin ranging from 4.5% to 5.5% |
(3) Bears interest based on Term SOFR plus a margin of 2.0% |  |  |  |  |  |
(4) Bears interest based on Term SOFR plus a margin of 2.75% |  |  |  |  |  |  |  |
(5) Stated interest rate of 3.0% |  |  |  |  |  |
Schedule of Changes in Debt Issuance Costs | The table below summarizes changes in debt issuance costs (in thousands).
|  |  |  | March 31, |
|  |  |  | 2025 |
Debt issuance costs, net of accumulated amortization |  |  |  |  |
Balance at December 31, 2024 |  |  |  | $ | 2,171 |
Financing costs deferred |  |  |  |  | — |
Less: Amortization expense |  |  |  |  | (101 | )
Balance at March 31, 2025 (Unaudited) |  |  |  | $ | 2,070 |

X
- Definition Schedule of changes in debt issuance costs. + References No definition available. + Details
Name: | qrhc_ScheduleOfChangesInDebtIssuanceCostsTableTextBlock
Namespace Prefix: | qrhc_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_DebtDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation. + References No definition available. + Details
Name: | us-gaap_ScheduleOfDebtTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration