QRHC: the balance sheet

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For the quarter ending 2025-09-30, QRHC has $149,285K in assets. $107,276K in debts. $1,146K in cash and cash equivalents.

Unit: Thousand (K) dollars (except for numbers of shares and EPS)

Balance Sheets	2025-09-30	2025-06-30
Cash and cash equivalents	1,146	449
Accounts receivable, less allowance for doubtful accounts of 784 and 831 as of september 30, 2025 and december 31, 2024, respectively	50,746	53,660
Prepaid expenses and other current assets	2,120	2,618
Total current assets	54,012	56,727
Goodwill	81,065	81,065
Gross carrying amount-Noncompete Agreements	140	-
Accumulated amortization-Noncompete Agreements	140	-
Gross carrying amount	28,266	-
Accumulated amortization	19,837	-
Intangible assets, net	8,429	9,316
Property and equipment, net, and other assets	5,779	5,954
Total assets	149,285	153,062

Deferred revenue	-	146
Accounts payable and accrued liabilities	39,323	38,130
Deferred revenue	69	100
Current portion of notes payable	1,406	1,540
Total current liabilities	40,798	39,816
Total notes payable	69,157	-
Less current portion of long-term debt	1,406	-
Less unamortized debt issuance costs	2,337	-
Less unamortized oid	6	-
Less unamortized oid warrant	17	-
Notes payable, net	65,391	69,680
Other long-term liabilities	1,087	628
Total liabilities	107,276	110,124
Common stock, 0.001 par value, 200,000 shares authorized, 20,850 and 20,606 shares issued and outstanding as of september 30, 2025 and december 31, 2024, respectively	21	21
Additional paid-in capital	180,825	180,405
Accumulated deficit	-138,837	-137,488
Total stockholders equity	42,009	42,938
Total liabilities and stockholders equity	149,285	153,062

Unit: Thousand (K) dollars