GOODS HELD FOR SALE OR AUCTION

9 Months Ended

Sep. 30, 2015

Inventory Disclosure [Abstract]

GOODS HELD FOR SALE OR AUCTION

NOTE 5— GOODS HELD FOR SALE OR AUCTION

	September 30, 2015		December 31, 2014
Machinery and equipment	$	—	$	4,026
Aircraft parts and other		39		91
Total	$	39	$	4,117

Goods held for sale or auction includes machinery and equipment and aircraft parts. At December 31, 2014, machinery and equipment consisted of five oils rigs with a carrying value of $4,026 which includes a lower-of-cost or market adjustment of $1,782 for one of the oil rigs.Aircraft parts and other is primarily comprised of aircraft parts with a carrying value of $39 and $91 as of September 30, 2015 and December 31, 2014, respectively, which includes a lower of cost or market adjustment of $1,329 at September 30, 2015 and $1,297 at December 31, 2014.

The machinery and equipment with a carrying value of $4,026 as of December 31, 2014 served as collateral for the related note payable, which had an outstanding principal amount of $6,570 as of December 31, 2014. The machinery and equipment was owned by GAGEE, a wholly-owned special purpose subsidiary of the Company, which filed for bankruptcy in the first quarter of 2015 as more fully described in Note 8. As a result of the bankruptcy filing, the asset and liabilities of GAGEE including the machinery and equipment of $4,026 at December 31, 2014, is no longer consolidated in the Company’s consolidated financial statements.