SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Dec. 31, 2016

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 Level 1 and Level 2 financial instruments, in thousands, at December 31, 2016 and 2015:

	Fair Value at Reporting Date Using
	Quoted Prices in Active Markets for Identical Assets		Significant Other Observable Inputs
2016:	Level 1		Level 2			Total
Assets:
Cash and cash equivalents	$	526	$	—		$	526
Liabilities
Current maturities of long term debt	$	—	$	(2,942	)	$	(2,942	)
Long term debt, related parties		—		(1,171	)		(1,171	)

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

Schedule of Inventory

Inventories as of December 31, 2016 and 2015 consist of the following:

	December 31, 2016
	Raw Materials		Finished Goods		Processing Costs		Total
	(in thousands)
Ferrous and non-ferrous materials	$	2,222	$	805	$	410	$	3,437

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

Schedule of Property and Equipment

Property and equipment, in thousands, as of December 31, 2016 and 2015 consist of the following:

	Life	2016		2015
Land		$	4,993	$	4,993
Equipment and vehicles	1-10 years	26,606		25,363
Office equipment	1-7 years	1,624		1,624
Building and leasehold improvements	5-40 years	7,708		7,821
		$	40,931	$	39,801
Less accumulated depreciation		27,863		25,649
		$	13,068	$	14,152