Dilution profile // every instrument, one screen, from SEC filings

Quest Resource Holding Corp (QRHC)

CIK 1442236 · all EDGAR filings →

Overall dilution risk
HIGHworst of 4 computed sub-ratings (offering ability)
= the worst band among the computed sub-ratings, no hidden weighting
Offering ability
HIGHS-3 on file 2022-04-08
= is there a registration (S-1/S-3 family) on file without a later withdrawal
no structured fee data on the live registrations, so this is a yes/no, not a size
Overhead supply
LOWwarrants = 4% of O/S
= warrant shares outstanding divided by current shares outstanding (bands: 20% / 50%)
warrants only; converts, ATMs and equity lines are not in free structured data, so the true overhead is AT LEAST this
Historical dilution
LOW+5% O/S in 3y
= share count now vs 3 years ago (bands: 30% / 100%); a reverse split pushes this negative
a reverse-split-sized cliff is in this window; read the chart
Cash need
LOWoperating cash flow positive
= cash vs trailing operating burn (bands: 6mo / 24mo; positive operating CF = low)

Same rating bands the category standard uses, but free, with the formula on the chip and the gaps in the data said out loud.

Shares outstanding over time

2021-05-032026-11-02

Latest: 21.3M shares as of Nov 2, 2026 (10-Q).

⊙
EVIDENCE — filed/published fact
SourceSEC XBRL, cover-page share count
Fielddei:EntityCommonStockSharesOutstanding
As of2026-11-02
HowThe newest cover-page count as filed. It is used as the current count only while it is no more than about 15 months older than the company’s newest periodic filing; the float checker applies a 200-day rule and sets it beside the balance-sheet count.
Open the source document →
Share count fell from 118.7M to 14.8M between May 1, 2016 and Aug 11, 2016, a pattern consistent with a reverse split (roughly 1-for-8); simultaneous issuance can skew the raw ratio, so confirm in the filings. The red bar marks the cliff.

Cash runway

Self-funding

generates cash

Full breakdown: cash runway tool · source filing →

Warrants

TrancheWarrantsExercise priceTermNotes
Exercisable Warrants500,000$1.5——

Tranches exactly as the company dimensioned them in its 10-Q filed Nov 6, 2026 →. Groupings can overlap (a “Series E and F” row is not additive with a “Series E” row), so do not sum this column. A tranche the filer did not tag is absent here, not absent from the cap table. DOWN-ROUND = the filer tagged price-protection accounting scoped to that tranche.

Warrants outstanding: 850,000 underlying shares, as reported Sep 30, 2026 (10-Q).

Reported exercise price: $1.5 (aggregate figure as tagged; individual tranches vary).

Balance-sheet fair value of warrants: $20.2M as of Dec 31, 2012.

Down-round (price protection) accounting has been tagged in this filer’s XBRL: some instrument carries repricing protection. Which tranche requires reading the exhibits.

Rough fully diluted estimate: 22.1M = 21.3M O/S + 850,000 warrant shares. An estimate, not a filing figure: it ignores converts, options and RSUs, and the two inputs carry different as-of dates.

Convertible notes

No convertible-note facts tagged in the 10-Q filed Nov 6, 2026. If convertible notes exist, their terms live in exhibit prose for this filer and are not parsed; absence of a tag is not proof of absence. The exhibits are the ground truth.

Fully diluted build-up

Shares outstanding plus every potential-share instrument the filer tagged in XBRL, each at its own as-of date. An estimate assembled from filed figures, not a filing figure itself.

Shares outstanding21.3MNov 2, 2026
+ Exercisable Warrants (if exercised)500,000Sep 30, 2026
Fully diluted estimate21.8M+2.4% vs O/S

Still excluded, because the filer does not tag them in countable form: employee options and RSUs, any instrument living only in exhibit prose, and instruments above missing a share count. Inputs carry different as-of dates, shown per row. Each figure traces to the tranche and note tables above and their cited filings.

Registrations and offerings

Last 12 months: 0 executed · 0 registered.

EFFECTIVEApr 20, 2022SEC declared a registration effective — selling can beginEFFECT →
REGISTEREDApr 8, 2022S-3 registration — capacity to sell shares, not a sale yetS-3 →
EXECUTEDDec 8, 2021Unregistered share sale disclosed (8-K item 3.02)8-K →
EXECUTEDOct 20, 2020Unregistered share sale disclosed (8-K item 3.02)8-K →
EXECUTEDAug 5, 2020Shelf takedown priced — shares or notes (small-caps: usually shares; open the filing to confirm)424B5 →
UPDATEAug 4, 2020Prospectus update — often a resale registration, not necessarily new capital424B3 →
EXECUTEDApr 9, 2019Prospectus supplement priced — shares or notes (large filers: often a bond deal)424B1 →
EFFECTIVEApr 8, 2019SEC declared a registration effective — selling can beginEFFECT →
REGISTEREDMar 15, 2019S-3/A registration — capacity to sell shares, not a sale yetS-3/A →
REGISTEREDOct 12, 2018S-3 registration — capacity to sell shares, not a sale yetS-3 →
UPDATEMar 24, 2016Prospectus update — often a resale registration, not necessarily new capital424B3 →
EXECUTEDMar 24, 2016Prospectus supplement priced — shares or notes (large filers: often a bond deal)424B2 →

Full history and shelf status: offering checker · S-3 shelf checker

Source: SEC EDGAR XBRL company facts and filing metadata, fetched live and cached briefly. Share counts are cover-page figures with their form named. Warrant tranches and convertible notes come from the dimensioned facts in the latest 10-Q/10-K instance document, exactly as the company tagged them; untagged tranches and notes are absent, not disproven. Nothing on this page is manually verified and nothing is behind a login: what free data supports is shown, what it cannot support is stated. Not investment advice.

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