XML 16 R48.htm IDEA: XBRL DOCUMENT v3.2.0.727
CONTINGENT CONSIDERATION (Details Narrative)
12 Months Ended
Dec. 05, 2014
USD ($)
day
May. 02, 2014
USD ($)
shares
Dec. 31, 2014
USD ($)
Dec. 31, 2015
shares
Jun. 30, 2015
USD ($)
Oct. 01, 2013
USD ($)
Aug. 31, 2012
USD ($)
Business Acquisition [Line Items]              
Contingent consideration     $ 6,069,000   $ 6,069,000    
Vertex Acquisition LP              
Business Acquisition [Line Items]              
Contingent consideration, annual consideration due             $ 2,233,000
Reduction of contingent liability     $ 2,861,000        
Percentage of discounted cash flows, year two and three     100.00%        
Omega Refining              
Business Acquisition [Line Items]              
Reduction of contingent liability     $ 2,165,000        
EBITDA measurement period   12 months          
EBITDA performance period   18 months          
Earnings before interest, taxes, depreciation, and amortization (EBITDA), target amount over succeeding 12-month period   $ 8,000,000          
Reduction of contingent consideration, percentage     100.00%        
E-Source Holdings, LLC              
Business Acquisition [Line Items]              
Ownership percentage           51.00%  
Payment to seller, 2014           $ 260,000  
Payment to seller, 2015           260,000  
Payment to seller, 2016           260,000  
Payment to seller, 2017           260,000  
Contingent consideration           $ 748,000  
Payments on contingent consideration     $ 136,662        
Contingent consideration write off     $ 611,338        
Heartland Group Holdings, LLC              
Business Acquisition [Line Items]              
Contingent consideration $ 6,069,000            
Maximum earn-out consideration $ 8,276,792            
Contingent payment, cash (percentage) 50.00%            
Contingent payment due, shares (percentage) 50.00%            
Contingent consideration, period for Company to furnish seller a written statement 120 days            
Contingent payment due, number of business days following written statement period | day 5            
Contingent consideration, reduction of capital expenditures, percentage 66.67%            
Contingent consideration maximum reduction $ 866,667            
Aggregate capital expenditures incurred $ 1,300,000            
Minimum | Omega Refining              
Business Acquisition [Line Items]              
Earnings before interest, taxes, depreciation, and amortization (EBITDA), annual target amount (minimum)   $ 9,000,000          
Maximum | Omega Refining              
Business Acquisition [Line Items]              
Earnings before interest, taxes, depreciation, and amortization (EBITDA), shares (maximum) | shares   470,498          
Maximum | Forecast | Omega Refining              
Business Acquisition [Line Items]              
Earnings before interest, taxes, depreciation, and amortization (EBITDA), shares (maximum) | shares       770,498