SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Dec. 31, 2014

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, 2014 and 2013:



	Fair Value at Reporting Date Using
	Quoted Prices in Active Markets for Identical Assets		Significant Other Observable Inputs			Significant Unobservable Inputs
2014:	Level 1		Level 2			Level 3		Total
Assets:
Cash and cash equivalents	$	1,059	$	—		$	—	$	1,059
Liabilities
Long term debt	$	—	$	(15,911	)	$	—	$	(15,911	)
Derivative contract - interest rate swap	—		(10		)	—		(10		)



	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	$	—	$	(17,892	)	$	—	$	(17,892	)
Derivative contract - interest rate swap	—		(71		)	—		(71		)

Schedule of Inventory

Inventories as of December 31, 2014 and 2013 consist of the following:



	December 31, 2014
	Raw Materials		Finished Goods		Processing Costs		Total
	(in thousands)
Stainless steel, ferrous and non-ferrous materials	$	3,827	$	1,043	$	477	$	5,347
Waste equipment machinery	—		46		—		46
Other	—		13		—		13
Total inventories for sale	3,827		1,102		477		5,406
Replacement parts	1,371		—		—		1,371
Total inventories	$	5,198	$	1,102	$	477	$	6,777



	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

Schedule of Property and Equipment

Property and equipment, in thousands, as of December 31, 2014 and 2013 consist of the following:



	Life	2014		2013
Land		$	5,745	$	6,026
Equipment and vehicles	1-10 years	25,287		25,500
Office equipment	1-7 years	2,057		2,057
Rental equipment	3-5 years	5,919		5,678
Building and leasehold improvements	5-40 years	8,602		9,067
		$	47,610	$	48,328
Less accumulated depreciation and amortization		28,868		26,502
		$	18,742	$	21,826

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:



2015	$	1,847
2016	1,516
2017	1,026
2018	532
2019	166

	$	5,087