SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Dec. 31, 2015

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 Level 1 and Level 2 financial instruments, in thousands, at December 31, 2015 and 2014:



	Fair Value at Reporting Date Using
	Quoted Prices in Active Markets for Identical Assets		Significant Other Observable Inputs			Significant Unobservable Inputs
2015:	Level 1		Level 2			Level 3		Total
Assets:
Cash and cash equivalents	$	642	$	—		$	—	$	642
Liabilities
Long term debt	$	—	$	(20	)	$	—	$	(20	)



	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		)

Schedule of Inventory

Inventories as of December 31, 2015 and 2014 consist of the following:



	December 31, 2015
	Raw Materials		Finished Goods		Processing Costs		Total
	(in thousands)
Ferrous and non-ferrous materials	$	1,354	$	649	$	404	$	2,407
Other	—		3		—		3
Total inventories	$	1,354	$	652	$	404	$	2,410



	December 31, 2014
	Raw Materials		Finished Goods		Processing Costs		Total
	(in thousands)
Ferrous and non-ferrous materials	$	3,827	$	1,043	$	477	$	5,347
Other	—		11		—		11
Total inventories for sale	3,827		1,054		477		5,358
Replacement parts	1,371		—		—		1,371
Total inventories	$	5,198	$	1,054	$	477	$	6,729

Schedule of Property and Equipment

Property and equipment, in thousands, as of December 31, 2015 and 2014 consist of the following:



	Life	2015		2014
Land		$	4,993	$	5,745
Equipment and vehicles	1-10 years	25,363		25,181
Office equipment	1-7 years	1,624		2,057
Building and leasehold improvements	5-40 years	7,821		8,602
		$	39,801	$	41,585
Less accumulated depreciation		25,649		24,022
		$	14,152	$	17,563