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Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Revenues        
Gross Sales $ 13,682,289 $ 15,296,996 $ 28,283,830 $ 30,447,696
Less sales returns, discounts, & allowances (197,144) (296,580) (361,129) (572,128)
Total Revenues 13,485,145 15,000,416 27,922,701 29,875,568
Cost of goods sold        
Cost of goods sold 10,685,448 11,817,836 22,131,057 23,738,820
Total costs of goods sold 10,685,448 11,817,836 22,131,057 23,738,820
Gross profit 2,799,697 3,182,580 5,791,644 6,136,748
Operating expenses        
General and administrative 414,162 454,466 827,107 1,303,745
Salary and employee benefits 1,840,807 2,183,817 3,786,690 4,361,407
Depreciation and amortization 441,512 467,477 883,912 904,649
Professional fees 138,147 199,483 241,424 410,376
Total operating expenses 2,834,628 3,305,243 5,739,133 6,980,177
Income (loss) from operations (34,931) (122,663) 52,511 (843,429)
Other income (expenses):        
Restructuring expenses (26,880) (460,624) (26,880) (460,624)
Gain on foreign currency 219,804 219,804
Interest expense (376,398) (944,270) (732,056) (1,692,176)
Other (expenses) income 8,963 4,056 2,921 3,806
Total other expenses (394,315) (1,181,034) (756,015) (1,929,190)
Net Loss Before Income Taxes (429,246) (1,303,697) (703,504) (2,772,619)
Provision for Income Taxes        
Deferred
Current (19,210) (114,928) (76,110) (114,928)
Total Provision for Income Taxes (19,210) (114,928) (76,110) (114,928)
Net loss from continuing operations (448,456) (1,418,625) (779,614) (2,887,547)
Net loss from discontinued operations (2,898,893) (2,932,700)
Net Loss attributable to Quest Solution Inc. (448,456) (4,317,518) (779,614) (5,820,247)
Less: Preferred stock – Series C dividend (47,024) (10,433) (93,531) (10,433)
Net loss attributable to the common stockholders $ (495,480) $ (4,327,951) $ (873,145) $ (5,830,680)
Net income (loss) per share - basic $ (0.01) $ (0.12) $ (0.02) $ (0.16)
Net income (loss) per share - diluted (0.01) (0.12) (0.02) (0.16)
Net loss per share from continuing operations - basic (0.01) (0.04) (0.02) (0.08)
Net loss per share from continuing operations - diluted (0.01) (0.04) (0.02) (0.08)
Net loss per share from discontinued operations - basic (0.08) (0.08)
Net loss per share from discontinued operations - diluted $ (0.08) $ (0.08)
Weighted average number of common shares outstanding - basic 35,795,675 36,842,209 35,472,251 36,885,105
Weighted average number of common shares outstanding - diluted 35,795,675 36,842,209 35,472,251 36,885,105