SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Dec. 31, 2017

Accounting Policies [Abstract]

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

In accordance with this guidance, the following tables represent the fair value hierarchy for Level 1 and Level 2 financial instruments, in thousands, at December 31, 2017 and 2016:

	Fair Value at Reporting Date Using
	Quoted Prices in Active Markets for Identical Assets		Significant Other Observable Inputs
2017:	Level 1		Level 2			Total
Assets:
Cash and cash equivalents	$	841	$	—		$	841
Liabilities
Current maturities of long-term debt	$	—	$	(5,018	)	$	(5,018	)
Long-term debt, related parties		—		(1,331	)		(1,331	)

	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	)

Schedule of Inventory

Inventories for ferrous and non-ferrous materials as of December 31, 2017 and 2016 consist of the following:

	December 31, 2017		December 31, 2016
	(in thousands)
Raw materials	$	3,046	$	2,222
Finished goods	1,366		805
Processing costs	694		410
Total inventories for sale	$	5,106	$	3,437

Schedule of Property and Equipment

Property and equipment, in thousands, as of December 31, 2017 and 2016 consist of the following:

	Life	2017		2016
		(in thousands)
Land		$	4,993	$	4,993
Equipment and vehicles	1-10 years	26,738		26,606
Office equipment	1-7 years	1,457		1,624
Building and leasehold improvements	5-40 years	7,685		7,708
		$	40,873	$	40,931
Less accumulated depreciation		29,661		27,863
		$	11,212	$	13,068