DISCONTINUED OPERATIONS

9 Months Ended

Sep. 30, 2016

Discontinued Operations and Disposal Group [Abstract]

Disposal Groups, Including Discontinued Operations, Disclosure [Text Block]

NOTE 10 - DISCONTINUED OPERATIONS

As discussed in Note 1 - Summary of Significant Accounting Policies and General, on December 4, 2015, the Company and WESSCO entered into the Asset Purchase Agreement with Compactor Rentals pursuant to which the Company sold its“Waste Services Segment,”consisting of substantially all of the assets used in (i) the Company’s commercial, retail and industrial waste and recycling management services business which the Company operated under the name“Computerized Waste Systems”or“CWS,”and (ii) the Company’s equipment sales, rental and maintenance business for the commercial and industrial waste and recycling industry which the Company operated under the name“Waste Equipment Sales and Service Company."

The Company received cash consideration at closing of$7.5 million, less$150.0 thousand which was retained by Compactor Rentals in connection with working capital adjustments. Compactor Rentals assumed certain liabilities relating to the Waste Services Segment, including but not limited to, current liabilities, warranty liabilities, and post-closing liabilities incurred in connection with transferred contracts.The transaction expenses related to the sale were$350.0 thousand and a gain of$6,031.0 thousand was recorded.

The sale included substantially all of the assets of the Waste Services Segment including, but not limited to, current assets, accounts receivable, tangible personal property, certain leases, inventory, intellectual property, rights under transferred contracts, rights of action and all associated goodwill and other intangible assets associated with the transferred assets.The Company's policy was to not allocate interest to discontinued operations.

The Asset Purchase Agreement contains standard and customary representations, warranties and covenants, including a restrictive covenant under which the Company will be prohibited from competing with the Waste Services Segment forfive years following the closing.

Financial information for the Waste Services discontinued operations is summarized as follows:

	For the three months ended		For the nine months ended
	September 30, 2015		September 30, 2015
	(in thousands)
Revenue from services and product sales	$	1,959	$	5,965
Cost of sales for services	1,423		4,431
Selling, general, and administrative expenses	170		532
Gain on the sale of equipment	43		50
Net income	$	409	$	1,052

	For the nine months ended
	September 30, 2015
	(in thousands)
Cash flows from operating activities
Net income from discontinued operations	$	1,052
Adjustments to reconcile net loss to net cash from operating activities:
Depreciation and amortization	330
Gain on sale of property and equipment	(50		)
Change in assets and liabilities
Receivables	(85		)
Inventories	8
Accounts payable	117
Other current liabilities	27
Net cash from operating activities	$	1,399
Cash flows from investing activities
Proceeds from sale of property and equipment	44
Purchases of property and equipment	(357		)
Net cash used in investing activities	$	(313	)

A pro forma summary of continuing operations for the nine months ended September30, 2015 assuming the Waste Services Segment was sold at the beginning of the year is as follows (unaudited):

	2015
	(in thousands, except per share data)
Total revenue	$	39,629
Net loss from continuing operations	(6,540		)
Net loss	(5,488		)
Net loss from continuing operations per share	$	(0.82	)
Net loss per share	(0.69		)