SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Dec. 31, 2013

Accounting Policies [Abstract]

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis

In accordance with this guidance, the following tables represent our fair value hierarchy for financial instruments, in thousands, at December 31, 2013 and 2012:

	Fair Value at Reporting Date Using
	Quoted Prices in Active Markets for Identical Assets		Significant Other Observable Inputs			Significant Unobservable Inputs
2013:	Level 1		Level 2			Level 3		Total
Assets:
Cash and cash equivalents	$	1,589	$	—		$	—	$	1,589
Liabilities
Long term debt	$	—	$	(18,486	)	$	—	$	(18,486	)
Derivative contract - interest rate swap	—		(71		)	—		(71		)

	Fair Value at Reporting Date Using
	Quoted Prices in Active Markets for Identical Assets		Significant Other Observable Inputs			Significant Unobservable Inputs
2012:	Level 1		Level 2			Level 3		Total
Assets:
Cash and cash equivalents	$	1,926	$	—		$	—	$	1,926
Liabilities
Long term debt	$	—	$	(25,056	)	$	—	$	(25,056	)
Derivative contract - interest rate swap	—		(250		)	—		(250		)

Schedule of Inventory

Inventories as of December 31, 2013 and 2012 consist of the following:

	December 31, 2013
	Raw Materials		Finished Goods		Processing Costs		Total
	(in thousands)
Stainless steel, ferrous and non-ferrous materials	$	4,856	$	1,697	$	600	$	7,153
Waste equipment machinery	—		49		—		49
Other	—		30		—		30
Total inventories for sale	4,856		1,776		600		7,232
Replacement parts	1,550		—		—		1,550
Total inventories	$	6,406	$	1,776	$	600	$	8,782

	December 31, 2012
	Raw Materials		Finished Goods		Processing Costs		Total
	(in thousands)
Stainless steel, ferrous and non-ferrous materials	$	12,519	$	1,412	$	963	$	14,894
Waste equipment machinery	—		57		—		57
Other	—		36		—		36
Total inventories for sale	12,519		1,505		963		14,987
Replacement parts	1,542		—		—		1,542
Total inventories	$	14,061	$	1,505	$	963	$	16,529

Schedule of Property and Equipment

Property and equipment, in thousands, as of December 31, 2013 and 2012 consist of the following:

	Life	2013		2012
Land		$	6,026	$	6,026
Equipment and vehicles	1-10 years	25,500		26,227
Office equipment	1-7 years	2,057		2,021
Rental equipment	3-5 years	5,678		5,191
Building and leasehold improvements	5-40 years	9,067		9,001
		$	48,328	$	48,466
Less accumulated depreciation and amortization		26,502		24,256
		$	21,826	$	24,210

Schedule of Future Minimum Rental Payments Receivable for Operating Leases

Based on existing agreements, future operating lease revenue from rental equipment for each of the next five years, in thousands, is estimated to be:

2014	$	1,790
2015	1,507
2016	1,175
2017	743
2018	255
	$	5,470

Schedule of Earnings Per Share, Basic and Diluted

Basic earnings (loss) per share are computed by dividing net income (loss) by the weighted average number of common shares outstanding during the year. Diluted earnings (loss) per share are computed by dividing net income (loss) by the weighted average number of common shares outstanding plus the dilutive effect of stock options.

	2013			2012			2011
	(in thousands, except per share information)
Net loss
Net loss, as reported	$	(13,816	)	$	(6,620	)	$	(3,881	)
Basic loss per share
As reported	$	(1.96	)	$	(0.95	)	$	(0.56	)
Diluted loss per share
As reported	$	(1.96	)	$	(0.95	)	$	(0.56	)

The computation for basic and diluted loss per share is as follows:

	2013			2012			2011
	(in thousands, except per share information)
Basic loss per share
Net loss	$	(13,816	)	$	(6,620	)	$	(3,881	)
Weighted average shares outstanding	7,038			6,943			6,927
Basic loss per share	$	(1.96	)	$	(0.95	)	$	(0.56	)
Diluted loss per share
Net loss	$	(13,816	)	$	(6,620	)	$	(3,881	)
Weighted average shares outstanding	7,038			6,943			6,927
Add dilutive effect of assumed exercising of stock options	—			—			—
Diluted weighted average shares outstanding	7,038			6,943			6,927
Diluted loss per share	$	(1.96	)	$	(0.95	)	$	(0.56	)

Stock Option Activity

Following is a summary of stock option activity and number of shares reserved for outstanding options for the years ended December 31, 2013, 2012 and 2011:

Options	Number of shares (in thousands)	Weighted Average Exercise Price per Share		Weighted Average Remaining Contractual Term	Weighted Average Grant Date Fair Value
Outstanding at January 1, 2011 (vested)	90	$	4.23	3.5 years	$	1.05
Granted	—	—		—	—
Outstanding at December 31, 2011	90	$	4.23	2.5 years	$	1.05
Granted on May 15, 2012 (vested)	90	4.94		5 years	1.71
Outstanding at December 31, 2012	180	$	4.59	2.9 years	$	1.38
Granted	—	—		—	—
Outstanding at December 31, 2013	180	$	4.59	1.9 years	$	1.38
Vested and expected to vest in the future at December 31, 2013	180
Exercisable at December 31, 2013	180	$	4.59	1.9 years	$	1.38
Available for grant at December 31, 2013	2,095