Correlate Infrastructure Partners (CIPI) 10-K 31 Mar 15 2014 FY Annual report Financial data

Document_and_Entity_Informatio

Document and Entity Information (USD $)	12 Months Ended
	Dec. 31, 2014	Mar. 23, 2015	Jun. 30, 2014
Document And Entity Information
Entity Registrant Name	FRONTIER OILFIELD SERVICES INC
Entity Central Index Key	1108645
Document Type	10-K
Document Period End Date	31-Dec-14
Amendment Flag	FALSE
Current Fiscal Year End Date	-19
Entity a Well-known Seasoned Issuer	No
Entity a Voluntary Filer	No
Entity's Reporting Status Current	Yes
Entity Filer Category	Smaller Reporting Company
Entity Public Float			$1,408,118
Entity Common Stock, Shares Outstanding		5,457,486
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2014

CONSOLIDATED_BALANCE_SHEETS

CONSOLIDATED BALANCE SHEETS (USD $)	Dec. 31, 2014	Dec. 31, 2013
Current Assets:
Cash	$114,698	$108,360
Restricted Cash	77,614	77,614
Accounts receivable, net of allowance of doubtful accounts of $193,483 and $33,321, respectively	930,841	1,605,903
Other receivable		287,076
Inventory	197,551	214,969
Prepaid expenses	9,287	1,364,303
Current portion of capitalized loan fees	242,092	289,194
Total current assets	1,572,083	3,947,419
Property and equipment, at cost	17,875,469	20,691,314
Less: accumulated depreciation	-6,855,473	-5,554,487
Property and equipment, net	11,019,996	15,136,827
Intangibles, net	3,084,698	3,491,472
Capitalized loan fees, net of current portion	383,204	625,296
Deposits	32,302	24,037
Total other assets	3,500,204	4,140,805
Total Assets	16,092,283	23,225,051
Current Liabilities:
Current maturities of long-term debt	10,363,094	8,756,472
Accounts payable	3,403,263	4,738,166
Accrued liabilities	857,854	1,171,643
Financed insurance premiums payable		1,119,213
Current portion of loan from shareholder		1,596,000
Total current liabilities	14,624,211	17,381,494
Long-term debt, less current maturities	1,594,795	1,656,231
Total Liabilities	16,219,006	19,037,725
Commitments and Contingencies (Note 7)
Stockholders' Equity:
Preferred stock to be issued	450,000
Preferred stock 2013 Series A- $.01 par value; authorized 10,000,000; 2,850,000 issued and outstanding as of December 31, 2014 1,750,000 issued and outstanding as of December 31, 2013	28,500	17,500
Common stock- $.01 par value; authorized 100,000,000 shares; 5,457,486 shares issued and outstanding at December 31, 2014 5,553,157 shares issued and outstanding at December 31, 2013	54,575	55,531
Additional paid-in capital	32,142,717	31,659,261
Prepaid stock compensation		-74,000
Accumulated deficit	-32,802,515	-27,470,966
Total stockholders' equity (deficit)	-126,723	4,187,326
Total Liabilities and Stockholders' Equity (Deficit)	$16,092,283	$23,225,051

CONSOLIDATED_BALANCE_SHEETS_Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) (USD $)	Dec. 31, 2014	Dec. 31, 2013
Statement of Financial Position [Abstract]
Accounts receivable, doubtful accounts	$193,483	$33,321
Preferred stock, par value	$0.01	$0.01
Preferred stock, shares authorized	10,000,000	10,000,000
Preferred stock, shares issued	2,850,000	1,750,000
Preferred stock, shares outstanding	2,850,000	1,750,000
Common stock, par value	$0.01	$0.01
Common stock, shares authorized	100,000,000	100,000,000
Common stock, shares issued	5,457,486	5,553,157
Common stock, shares outstanding	5,457,486	5,553,157

CONSOLIDATED_STATEMENTS_OF_OPE

CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Income Statement [Abstract]
Revenues, net of discounts	$16,080,914	$34,951,231
Costs and expenses:
Direct operating costs	11,311,850	26,485,768
Indirect operating costs	3,767,346	6,191,878
General and administrative	925,961	6,333,781
Depreciation and amortization	2,712,440	3,591,997
Total costs and expenses	18,717,597	42,603,424
Operating loss	-2,636,683	-7,652,193
Other (income) expense:
Interest expense	1,823,322	1,862,339
(Gain) loss on disposal of property and equipment	797,372	-369,687
Gain on write off of contingent consideration liability		-2,300,000
Loss on impairment of property and equipment		1,813,000
Loss on extinguishment of debt	4,453
Loss before provision for income taxes	-5,261,830	-8,657,845
Provision for state income taxes	23,536	77,209
Net loss	($5,285,366)	($8,735,054)
Net loss per common share - basic and diluted	($0.92)	($1.66)
Weighted Average Common Shares Outstanding:
Basic and Diluted	5,751,181	5,250,820

CONSOLIDATED_STATEMENTS_OF_CAS

CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Cash Flows From Operating Activities:
Net loss	($5,285,366)	($8,735,054)
Adjustments to reconcile net loss to net cash (used in) operating activities:
Depreciation and amortization	2,712,440	3,591,997
Gain on write off of contingent consideration liability		-2,300,000
Loss on impairment of property and equipment		1,813,000
Bad debt expense	160,162	33,321
Issuance of common stock for services	74,000	2,609,538
Loss on extinguishment of debt	4,453
Payment of expenses by stockholder in exchange for purchase of preferred stock	314,743
(Gain) loss on disposal of property and equipment	797,372	-369,687
Amortization of deferred loan fees	325,442	371,333
Decrease (increase) in operating assets:
Accounts receivable	514,900	2,280,784
Other receivable	287,076	-287,076
Inventory	17,418	105,762
Prepaid expenses	1,355,016	389,545
Deposits	-8,265	70,961
Increase (decrease) in operating liabilities:
Accounts payable	-1,033,132	72,548
Accrued liabilities	-359,972	45,929
Financed insurance premiums payable	-1,119,213	298,714
Net cash used in operating activities	-1,242,926	-8,385
Cash Flows From Investing Activities:
Purchase of property and equipment		-430,980
Proceeds of sale property and equipment	704,923	605,919
Release of escrow funds		-619,922
Net cash provided by (used in) investing activities	704,923	-444,983
Cash Flows From Financing Activities:
Proceeds from preferred stock issuance	216,257	700,000
Net proceeds from stockholder loans	1,381,309	1,246,000
Net change in line of credit	-931,181	-1,086,707
Proceeds on long term debt		220,490
Payments on long term debt	-122,044	-1,606,194
Payments from restricted cash account		619,922
Proceeds from common stock sales		400,393
Net cash provided by financing activities	544,341	493,904
Net increase in cash	6,338	40,536
Cash at beginning of period	108,360	67,824
Cash at end of period	114,698	108,360
Supplemental Cash Flow Disclosures
Interest paid	1,183,224	1,278,935
Supplemental Schedule of Non-Cash Investing and Financing Activities
Convertible notes conversion	53,500
Retirement of notes payable in exchange of preferred stock issuance	359,000
Cumulative dividend payable recorded in accrued liabilities	46,183	37,027
Retirement of financed insurance premiums payable with proceeds from shareholder loan		350,000
Disposal of property and equipment paid directly to lenders	308,870	1,765,969
Settlement of contingent consideration payable for acquisition of CTT		4,708,348
Beneficial conversion features of Asher Note		$72,235

STATEMENT_OF_CHANGES_IN_CONSOL

STATEMENT OF CHANGES IN CONSOLIDATED STOCKHOLDERS' EQUITY (USD $)	Preferred Stock 2013 Series A 7% [Member]	Preferred Stock To Be Issued [Member]	Common Stock [Member]	Additional Paid-In Capital [Member]	Prepaid Stock Compensation [Member]	Accumulated Deficit [Member]	Total
Beginning Balance at Dec. 31, 2012			$45,291	$23,122,487		($18,698,885)	$4,468,893
Beginning Balance, shares at Dec. 31, 2012			4,529,090
Shares issued for services			4,929	2,678,609	-74,000		2,609,538
Shares issued for services, shares			492,925
Sales of common stock			936	399,457			400,393
Sales of common stock, Shares			93,575
Settlement of deferred compensation payable			4,375	4,703,973			4,708,348
Settlement of deferred compensation payable, Shares			437,500
Convertible note - beneficial conversion features				72,235			72,235
Preferred stock sales	17,500			682,500			700,000
Preferred stock sales, shares	1,750,000
Shares rounding due to reverse split			67
Dividends						-37,027	-37,027
Net Loss						-8,735,054	-8,735,054
Ending Balance at Dec. 31, 2013	17,500		55,531	31,659,261	-74,000	-27,470,966	4,187,326
Ending Balance, shares at Dec. 31, 2013	1,750,000		5,553,157
Conversion of convertible note to common stock			3,419	50,081			53,500
Conversion of convertible note to common stock, shares			341,829
Shares issued for services					74,000		74,000
Common stock cancellation			-4,375	4,375
Common stock cancellation, Shares			-437,500
Preferred stock sales	11,000	450,000		429,000			890,000
Dividends						-46,183	-46,183
Net Loss						-5,285,366	-5,285,366
Ending Balance at Dec. 31, 2014	$28,500	$450,000	$54,575	$32,142,717		($32,802,515)	($126,723)
Ending Balance, shares at Dec. 31, 2014	2,850,000		5,457,486

BUSINESS_ACTIVITIES

BUSINESS ACTIVITIES	12 Months Ended
	Dec. 31, 2014
Organization, Consolidation and Presentation of Financial Statements [Abstract]
BUSINESS ACTIVITIES	1
	BUSINESS ACTIVITIES:
	Frontier Oilfield Services, Inc. a Texas corporation (and collectively with its subsidiaries, “we”, “our”, “Frontier”, “FOSI”, or the “Company”), was organized on March 24, 1995. The accompanying consolidated financial statements include the accounts of the Company and Frontier Acquisition I, Inc., and its subsidiary Chico Coffman Tank Trucks, Inc. (CTT) and its subsidiary Coffman Disposal, LLC, and Frontier Income and Growth, LLC (FIG) and its subsidiaries Trinity Disposal & Trucking, LLC and Trinity Disposal Wells, LLC (Note 11).
	Frontier operates its business in the oilfield service industry and is primarily involved in the transportation and disposal of saltwater and other oilfield fluids in Texas. The Company currently owns and operates eleven disposal wells in Texas, six within the Barnett Shale in North Texas and five in east Texas near the Louisiana state line. The Company’s customers include national, integrated, and independent oil and gas exploration companies.

GOING_CONCERN

GOING CONCERN	12 Months Ended
	Dec. 31, 2014
Going Concern
GOING CONCERN	2	GOING CONCERN:
	The Company’s financial statements are prepared using U.S. generally accepted accounting principles applicable to a going concern which contemplates the realization of assets and liquidation of liabilities in the normal course of business. As of the date of this report, the Company has generated losses from operations, has an accumulated deficit and a working capital deficiency. These factors raise substantial doubt regarding the Company’s ability to continue as a going concern.
	In order to continue as a going concern and achieve a profitable level of operations, the Company will need, among other things, to reduce its operating expenses, reduce debt, reduce the cost of its debt, raise additional capital resources and develop additional sources of revenue sufficient to meet its operating expenses. The Company’s continuation as a going concern is dependent upon the achievement of profitable operations from the Company’s business.
	The accompanying financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern.

SUMMARY_OF_SIGNIFICANT_ACCOUNT

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES:	12 Months Ended
	Dec. 31, 2014
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	3
	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES:
	Principles of Consolidation
	The consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries. All significant inter-company transactions and balances have been eliminated in consolidation.
	Use of Estimates
	The preparation of consolidated financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting periods. Actual results could differ significantly from previously estimated amounts.
	Revenue Recognition
	The Company recognizes revenues when services are rendered, field tickets are approved, signed and received, and when payment is determinable and reasonably assured. The Company extends short-term, unsecured credit to its customers for amounts invoiced.
	Cash
	For purposes of the consolidated statements of cash flows, cash includes demand deposits, time deposits, certificates of deposit and short-term liquid investments with original maturities of three months or less when purchased. The Company is obligated to maintain all deposits in one financial institution. The Federal Deposit Insurance Corporation provides coverage for all accounts of up to $250,000. As of December 31, 2014 and 2013, none of the Company’s cash was in excess of federally insured limits.
	Restricted Cash
	Restricted cash represents certificates of deposit used as collateral for letters of credit issued in favor of the Texas Railroad Commission as required pursuant to the Texas Railroad Commission’s regulations. The letters of credit provide evidence of financial responsibility for the operation of the disposal wells owned by the Company.  Restricted cash is not generally available to the Company until the respective letters of credit are cancelled or terminated undrawn.
	Accounts Receivable
	The Company performs periodic credit evaluations of its customers’ financial condition and extends credit to virtually all of its customers on an uncollateralized basis. Credit losses to date have been insignificant and within management’s expectations. The Company provides an allowance for doubtful accounts that is based upon a review of outstanding receivables, historical collection information, and existing economic conditions. Normal accounts receivable are due 30 to 45 days after the issuance of the invoice. Receivables past due more than 60 days are considered delinquent. Delinquent receivables are evaluated for collectability based on individual credit evaluation and specific circumstances of the customer. As of December 31, 2014 and 2013, the Company’s allowance for doubtful accounts was $193,483 and $33,321, respectively.
	At December 31, 2014 and 2013, the Company had the following customer concentrations.
		Percentage of Revenue							Percentage of Accounts
									Receivable
		2014				2013			2014			2013
	Customer A		53	%			52	%		22	%		31	%
	Customer B		*				14	%		*			*
	Customer C		14	%			*			29	%		14	%
	Customer D		*				*			*			13	%
	* Less than 10%
	Parts Inventory
	Parts inventory consists of replacement parts for the Company’s vehicles and transports and is stated at the lower of cost or market. Cost is determined using average cost method.
	Property and Equipment
	The Company’s property and equipment are stated at cost. Depreciation is computed using the straight-line method over the estimated useful lives of the assets for financial reporting purposes. Maintenance and repair costs are expensed when incurred, while major improvements are capitalized.
	The cost of assets sold or abandoned and the related accumulated depreciation are eliminated from the accounts and any gains or losses are charged or credited to income in the respective period. The estimated useful lives are as follows:
	Asset Description	Estimated Useful Life		Cost
	Land	Non-depreciable		$	225,000
	Trucks and equipment	5-7 years			7,529,483
	Disposal wells	5-14 years			9,046,686
	Buildings and improvements	15 - 39 years			474,900
	Office furniture and equipment	5-7 years			60,175
	Disposal well under construction	Non-depreciable			539,225
	Total property and equipment, at cost				17,875,469
	Less: accumulated depreciation				(6,855,473	)
	Property and equipment, net			$	11,019,996
	During the year ended December 31, 2014, the Company disposed of property and equipment with a cost of $2,815,845 and accumulated depreciation of $1,004,679. The Company received total proceeds of $704,923 and recognized a loss of $797,372 in the accompanying consolidated statements of operations. During the year ended December 31, 2013, the Company disposed of property and equipment with a cost of $3,702,087 and accumulated depreciation of $1,393,744. The Company received total proceeds of $2,678,029 and recognized a gain of $369,687 in the accompanying consolidated statements of operations.
	Long-Lived Assets
	The Company periodically reviews for the impairment of long-lived assets whenever events or changes in circumstances indicate that the carrying amount of an asset may not be realizable. An impairment loss would be recognized when estimated future cash flows expected to result from the use of the asset and its eventual disposition is less than its carrying amount. In 2013, the Company determined that it would not be able to fully recover the carrying amount of its disposal wells from FIG. In accordance with the guidance for the impairment of long-lived assets, the Company recorded an impairment charge of $1.8 million in 2013 to adjust the carrying value of the asset to our estimate of its fair value. No impairment charges were recorded in 2014. We estimated that fair value using the comparable sales method. The impairment charge impacted the loss from discontinued operations, net of income taxes line in our consolidated statement of operations.
	Asset retirement obligations
	ASC Topic 410, Asset Retirement and Environmental Obligations, requires companies to recognize a liability for an asset retirement obligation (ARO) at fair value in the period in which the obligation is incurred, if a reasonable estimate of fair value can be made. This obligation relates to the future costs of plugging and abandoning the Company’s disposal wells, the removal of equipment and facilities, and returning such land to its original condition.
	The Company has not recorded an ARO for the future estimated reclamation costs associated with the operation of the Company’s disposal wells. The Company is not able to determine the estimated life of its wells and is unable to determine a reasonable estimate of the fair value associated with this liability. The Company believes that any such liability would not be material to the consolidated financial statements taken as a whole.
	Equity Instruments Issued for Goods and Services
	The Company measures the cost of employee services received in exchange for an award of equity instruments based on the fair value of the award on the grant date. That cost is recognized in the consolidated financial statements over the period during which the employee is required to provide services in exchange for the award with a corresponding increase in additional paid-in capital.
	Fair Value Measurements
	The ASC Topic 820, Fair Value Measurements and Disclosures, defines fair value, establishes a framework for measuring fair value in accordance with U.S. generally accepted accounting principles, and requires certain disclosures about fair value measurements. In general, fair values of financial instruments are based upon quoted market prices, where available. If such quoted market prices are not available, fair value is based upon internally developed models that primarily use, as inputs, observable market-based parameters. Valuation adjustments may be made to ensure that financial instruments are recorded at fair value. These adjustments may include amounts to reflect counterparty credit quality and the customer’s creditworthiness, among other things, as well as unobservable parameters. Any such valuation adjustments are applied consistently over time.
	Fair Value of Financial Instruments
	In accordance with the reporting requirements of ASC Topic 825, Financial Instruments, the Company calculates the fair value of its assets and liabilities which qualify as financial instruments under this standard and includes this additional information in the notes to the financial statements when the fair value is different than the carrying value of those financial instruments. The Company does not have any assets or liabilities measured at fair value on a recurring or a non-recurring basis, consequently, the Company did not have any fair value adjustments for assets and liabilities measured at fair value at the balance sheet dates, nor gains or losses reported in the statements of operations that are attributable to the change in unrealized gains or losses relating to those assets and liabilities still held during the years ended December 31, 2014 and 2013.
	Income Taxes
	Income taxes are accounted for under the asset and liability method. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. Income tax expense is the tax payable for the year plus or minus the change during the period in deferred tax assets and liabilities.
	Earnings Per Share (EPS)
	Basic earnings per common share are calculated by dividing net income or loss by the weighted average number of shares outstanding during the year. Diluted earnings per common share are calculated by adjusting outstanding shares, assuming conversion of all potentially dilutive stock options and warrants. The computation of diluted EPS does not assume conversion, exercise, or contingent issuance of shares that would have an antidilutive effect on earnings per common share. Anti-dilution results from an increase in earnings per share or reduction in loss per share from the inclusion of potentially dilutive shares in EPS calculations. Currently there are 150,000 stock options, which have been excluded from EPS, outstanding that could potentially have a dilutive effect on EPS in the future. The table below sets forth the reconciliation for net loss and weighted average shares used for calculating basic and diluted earnings per share.
		Years Ended December 31,
		2014				2013
	Earnings (numerator)
	Net loss	$	(5,285,366	)		$	(8,735,054	)
	Preferred stock dividends		(46,183	)			(37,027	)
	Net loss loss available to common shareholders	$	(5,331,549	)		$	(8,772,081	)
	Shares (denominator)
	Weighted average common shares outstanding (basic)		5,751,181				5,250,820
	Earnings (loss) per share from continuing operations
	Basic and Diluted	$	(0.93	)		$	(1.67	)
Reverse Stock Split
On November 1, 2013 the Company affected a four-to-one reverse stock split. All information in this Annual Report on Form 10-K relating to the number of shares, price per share and per share amounts gives retroactive effect to the four-to-one reverse stock split of our capital stock.

RECENT_PRONOUNCEMENTS

RECENT PRONOUNCEMENTS	12 Months Ended
	Dec. 31, 2014
Organization, Consolidation and Presentation of Financial Statements [Abstract]
RECENT PRONOUNCEMENTS
	4. RECENT ACCOUNTING PRONOUNCEMENTS:
	During the year ended December 31, 2014 and through March 27, 2015, there were several new accounting pronouncements issued by the FASB. Each of these pronouncements, as applicable, has been or will be adopted by the Company. Management does not believe the adoption of any of these accounting pronouncements has had or will have a material impact on the Company’s financial statements.

INTANGIBLE_ASSETS

INTANGIBLE ASSETS	12 Months Ended
	Dec. 31, 2014
Intangible Assets
INTANGIBLE ASSETS	5	INTANGIBLE ASSETS:
	In connection with the acquisition of CTT, the Company acquired intangible assets consisting of disposal well permits and customer relationships. The Company valued the disposal well permits using the build-out (Greenfield) valuation technique. The customer relationships were valued by the Company using the excess earnings valuation technique.
	Disposal well permits and customer relationships are considered definite-life intangible assets which are amortizable over their estimated useful life.
	The intangible assets, net of amortization as of December 31, 2014 and 2013 were as follows:
			31-Dec-14
					Accumulated					Weighted Average
			Gross		Amortization			Net		Useful Life
	Intangible assets:
	Disposal well permits		$	2,093,867	$	(506,018	)	$	1,587,849		10 years
	Customer relationships			1,973,867		(477,018	)		1,496,849		10 years
			$	4,067,734	$	(983,036	)	$	3,084,698
			31-Dec-13
						Accumulated					Weighted Average
				Gross		Amortization			Net		Useful Life
	Intangible assets:
	Disposal well permits		$	2,093,867	$	(296,631	)	$	1,797,236		10 years
	Customer relationships			1,973,867		(279,631	)		1,694,236		10 years
			$	4,067,734	$	(576,262	)	$	3,491,472
	Future amortization expense for definite-life intangible assets as of December 31, 2014 is as follows:
	Periods
	Ending
	December 31,
	2015		$	406,776
	2016			406,776
	2017			406,776
	2018			406,776
	2019			406,776
	Thereafter			1,050,818
			$	3,084,698

LONGTERM_DEBT

LONG-TERM DEBT	12 Months Ended
	Dec. 31, 2014
Long-term Debt, Unclassified [Abstract]
LONG-TERM DEBT	6
	LONG-TERM DEBT:
	Long-term debt as of December 31, 2014 and 2013 were as follows:
			December 31,				December 31,
			2014				2013
	Revolving credit facility and term loan (a)		$	2,510,963		$	3,767,585
	ICON term note (b)			4,330,820			4,223,996
	Loans from stockholder (f)			2,870,484			1,596,000
	Notes payable (c)			2,082,407			2,082,407
	Installment notes (d)			163,215			221,467
	Convertible note (e)			—			117,246
	Total debt			11,957,889			12,008,701
	Less current portion			(10,363,094	)		(10,352,472	)
	Total long-term debt		$	1,594,795		$	1,656,229
	In connection with the acquisition of CTT, the Company and its subsidiaries entered into loan agreements effective July 23, 2012 with Capital One Business Credit Corp. (the “Senior Loan Facility”) and ICON Investments (ICON) the proceeds of which were primarily used for the cash portion of the acquisition. On April 11, 2014 an accredited investor, who is also a significant stockholder in the Company, purchased the Senior Loan Facility from Capital One and assumed all the existing terms and conditions of the Credit Agreement and Forbearance Agreements. As of December 31, 2014, certain principal and accrued interest balances on the Senior Loan Facility are past due and the lenders had not exercised their rights under these agreements.
		a.	The Senior Loan Facility has a maturity date of July 23, 2017 and a default interest rate which is the base rate plus the applicable margin plus 2% (6.75% and 7.75%, respectively as of December 31, 2014). The term loan portion of the Senior Loan Facility requires monthly payments of $100,000 plus interest. The Senior Loan Facility also provides for the payment of an unused commitment fee of .375% per annum. The loans are secured by all of the Company’s properties and assets except for its disposal wells wherein the Senior Loan Facility has a subordinated secured position to ICON. As of December 31, 2014, the Company was not in compliance with its debt covenants under the Senior Loan Facility and the lender had not exercised their rights under the ICON agreement. The outstanding balance of the Senior Loan Facility is included in current liabilities at December 31, 2014 due to the fact that the Company was not in compliance with its debt covenants.
		b.	The Company and its subsidiaries entered into a Term Loan, Guaranty and Security Agreement on July 23, 2012 with ICON in the amount of $5 million. The Loan Agreement provides for an annual interest rate of 14% with monthly payments of interest and with repayment of the principal and all accrued but unpaid interest due on February 1, 2018. ICON had a senior secured position on the Company’s disposal wells and a subordinated position to the Senior Loan Facility on all other Company properties and assets. On December 27, 2014 an affiliate of an accredited investor who is also a stockholder purchased the note payable to ICON. The accredited investor assumed the terms and conditions of the ICON note agreement. As of December 31, 2014, the Company was not in compliance with its debt covenants under the ICON note and the lender had not exercised their rights under the ICON agreement. The outstanding balance of the ICON note is included in current liabilities at December 31, 2014 due to the fact that the Company was not in compliance with its debt covenants.
		c.	The Company assumed two notes payable in connection with the acquisition of CTT. The notes were related to CTT’s purchase of common shares from two of its former stockholders. The primary note payable, dated June 1, 2007, in the original amount of $3,445,708 with interest at 4.79%, was payable in monthly installments of $33,003 including interest, maturing December 1, 2018. The Company’s secondary note payable in the original amount of $219,555 dated June 1, 2007 had interest at 4.79% and was payable in monthly installments of $2,488 including interest, maturing December 1, 2018. Both notes were subordinated to the Senior Loan Facility and ICON notes. On February 12, 2015 the Company executed a settlement agreement in the litigation with the holders of the two notes payable (Note 12). The effect of the settlement agreement is the cancellation of the two notes payable totaling $3.7 million. The settlement resulted in the reduction of the Company’s indebtedness by $2.1 million. The promissory notes were owed to the former owners of CTT and related to the Company’s acquisition of CTT.
		d.	The Company has an installment loan with a principal balance of approximately $163,215 which was used to acquire property and equipment for use in the Company’s operations. The loan matures in September 2017 and has an interest rate of 5.69% and monthly minimum payments of $5,377.
		e.	On August 15, 2013, the Company entered into a convertible note agreement with Asher Enterprises, Inc. in the amount of $153,500 with a stated interest rate of 8% per annum and effective interest rate of 70% per annum. The note was convertible into shares of the Company’s common stock, at the discretion of the holder, commencing 180 days following the date of the note at a conversion price per share equal to a discount of 35% from the average of the lowest three closing prices for the Company’s stock during the ten days prior to the conversion date. The Company evaluated the note and determined that the conversion option does not constitute a derivative liability for financial reporting purposes. The beneficial conversion feature discount resulting from the conversion price of $0.34, below the market price on August 15, 2013 of $0.53, resulted in a discount of $72,235 of which all of the balance was amortized during the nine months ended September 30, 2014. In 2014, the Company issued 341,372 shares to Asher Enterprises, Inc. in partial payment of the convertible note. This conversion resulted in a principal reduction of $53,500 in the convertible note balance of the Company. The conversion resulted in loss on extinguishment of debt of $4,453. On June 10, 2014 an accredited investor, who is also a stockholder in the Company purchased the note from Asher Enterprises, Inc. and assumed all the existing terms and conditions of the note agreement. On December 31, 2014, the holder of the note agreed to convert the note into 2014 Series A Convertible Preferred Stock of the Company. The Series A Convertible Preferred Stock was issued in January of 2015.
		f.	On May 27, 2014 an accredited investor, who is also a stockholder in the Company, entered into a loan agreement with the Company for the amount of $2,783,484. As of December 31, 2014 and 2013 the principal balance of the note was $2,783,484 and $1,596,000, respectively. The note bears interest at 9% per annum. The terms of the note requires the cash payment of one half of the interest cost monthly (4.5% per annum), and the remaining half is accrued as payment in kind interest. The note and all accrued interest are due and payable in November 2015.
		g.	On March 21, 2014 the CEO of the Company, who is also a stockholder in the Company entered into a promissory note agreement whereby the CEO loaned the Company $87,000. The promissory note has an interest rate of 7% per annum. The note was to have been repaid in installments throughout the year ended December 31, 2014 with a portion of the repayment conditioned upon the sale of certain of the Company’s disposal wells. The principle and interest on the note payable to the CEO is past due according to its terms.
	Future maturities of long-term debt as of December 31, 2014 are as follows:
	Years Ending
	December 31,
	2015		$	10,363,094
	2016		$	418,928
	2017		$	430,326
	2018		$	398,864
	2019		$	346,677
			$	11,957,889

EQUITY_TRANSACTIONS

EQUITY TRANSACTIONS	12 Months Ended
	Dec. 31, 2014
Stockholders' Equity Note [Abstract]
EQUITY TRANSACTIONS
	7
	EQUITY TRANSACTIONS:
		a.	During the year ended December 31, 2014, the Company issued 1,100,000 shares of 2013 Series A Convertible Preferred Stock and 2,200,000 warrants to purchase shares of the Company’s common stock, for $440,000. The preferred stock features a 7% cumulative dividend, payable quarterly. The amount of dividends in arrears for all preferred stock was $83,210 at December 31, 2014. The warrant features provide that 2 warrants may be exercised to purchase one share of common stock at a strike price of $0.20 per share with an expiration date of September 20, 2014. All of the warrants outstanding expired prior to December 31, 2014.
		b.	During the year ended December 31, 2014, the Board of Directors agreed to issue shares of 2014 Series A 7% Preferred Stock in exchange for the cancellation of $450,000 of the Company’s unsecured debt held by one of the Company’s significant stockholders. These shares of 2014 Series A 7% Preferred Stock were issued in February 2015. This preferred stock features a 7% cumulative dividend, payable quarterly.
		c.	On November 1, 2013 the Board of Directors voted for a four-to-one reverse split of the Company’s common stock.
		d.	During the year ended December 31, 2013, the Company issued 1,750,000 shares of 2013 Series A Convertible Preferred Stock and 3,500,000 warrants for $700,000. The preferred stock features a 7% cumulative dividend, payable quarterly. The warrant features provide that 2 warrants may be exercised to purchase one share of common stock at a strike price of $0.20 per share with a term of 12-24 months from the date of issuance. The weighted average fair value for the warrants was estimated using the Black-Scholes option valuation model. The value of the warrants was calculated to be $503,774 that was recorded to additional paid-in capital. The Black-Scholes option valuation model inputs used are as follows:
	Average expected life in years	1
	Average risk-free interest rate	4.00%
	Average volatility	75%
	Dividend yield	7%

STOCK_BASED_COMPENSATION

STOCK BASED COMPENSATION	12 Months Ended
	Dec. 31, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
STOCK BASED COMPENSATION	8
	STOCK BASED COMPENSATION:
	Under the terms of the Company’s employment agreement with Mr. O’Donnell, Mr. O’Donnell receives a grant of 6,250 shares of the Company’s common stock per quarter and a grant of 1 share of the Company’s common stock times the number of years of completed service issued annually. In addition, Mr. O’Donnell receives options to purchase up to 15,000 of the Company’s common stock per calendar quarter at an exercise price equal to the ending bid price of the last market day prior to the date of the option award. The option exercise period for the option is up to two years from its date of issuance, at which time the option expires. Two officers who joined the Company in the first quarter of 2013 received a grant of certain restricted common stock shares as a sign-on bonus. The granted shares were vested proportionally each quarter for the calendar year ended December 31, 2013. Additionally, each Director, except for Mr. O’Donnell, is awarded 6,250 shares of the Company’s common stock per calendar quarter (issued at the beginning of each quarter). During the year ended December 31, 2014 the Company suspended all further stock grants to officers and directors due to the Company’s poor economic performance.
	Summary Stock Compensation Table
	The following table sets forth the Company’s paid or accrued stock compensation expense to its officers, directors and employees.
										Securities
						Stock		Non-Vested		Underlying
			Stock			Options		Stock		Non-Vested
			Awards			Awards		Awards (1)		Stock (1)			Total
	Year ended December 31, 2014		$	74,000		$	—	$	—		—		$	74,000
	Year ended December 31, 2013		$	1,664,163		$	101,400	$	641,500		605,000		$	2,407,063
	A summary of the status of the Company’s option grants as of December 31, 2014 and 2013 and the changes during the periods then ended is presented below:
								Weighted Average
								Remaining		Aggregate
						Weighted-Average		Contractual Term		Intrinsic
			Shares			Exercise Price		(in Years)		Value
	Outstanding December 31, 2012			150,000		$	1.54		0.64	$	231,600
	Granted			150,000			1.62		1.57		242,850
	Exercised			—			—		—		—
	Forfeited			—			—		—		—
	Outstanding December 31, 2013			300,000			1.58		1.11		474,450
	Granted			—			—		—		—
	Exercised			—			—		—		—
	Forfeited			(150,000	)		1.54		0.36		(231,600	)
	Outstanding December 31, 2014			150,000		$	1.58		1.11	$	242,850
	The weighted average fair value at the grant date for options during the years ended December 31, 2014 and 2013 was estimated using the Black-Scholes option valuation model with the following inputs:
	Average expected life in years	2
	Average risk-free interest rate	2.00%
	Average volatility	75%
	Dividend yield	0%
	Risk-free interest rates for the options were taken from the Daily Federal Yield Curve Rates on the grant dates for the expected life of the options as published by the Federal Reserve. The expected volatility was based upon historical data and other relevant factors such as changes in historical volatility, capital structure, and its daily trading volumes.
	In calculating the expected life of stock options, the Company determines the amount of time from grant date to contractual term date for vested options. In developing the expected life assumption, all amounts of time are weighted by the number of underlying options.
	A summary of the status of the Company’s vested and non-vested option grants at December 31, 2014 and the weighted average grant date fair value is presented below:
						Weighted Average		Weighted Average
						Grant Date		Grant Date
			Shares			Fair Value per Share		Fair Value
	Vested			150,000		$	0.68	$	101,400
	Nonvested			—			—		—
	Total			150,000		$	0.68	$	101,400

EMPLOYEE_BENEFIT_PLAN

EMPLOYEE BENEFIT PLAN	12 Months Ended
	Dec. 31, 2014
Employee Benefit Plan
EMPLOYEE BENEFIT PLAN	9
	EMPLOYEE BENEFIT PLAN
	CTT sponsors a 401(k) defined contribution plan covering substantially all employees. CTT generally matches contributions up to a maximum of 4% of the participant’s earnings. The matching contributions for the year ended December 31, 2014 and 2013 were $29,519 and $45,853, respectively.

COMMITMENTS_AND_CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	12 Months Ended
	Dec. 31, 2014
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	10
	COMMITMENTS AND CONTINGENCIES:
	a. During the year ended December 31, 2012 a complaint was filed with the Texas Railroad Commission (RRC) regarding the operation of one of Trinity Disposal Wells, LLC’s wells in East Texas. The complaint requested that the RRC terminate the well injection permit on the basis that the Company violated the terms of the permit by failing to confine injection fluids to the permitted interval and that the escape of such fluids is causing waste and poses a threat to fresh water. The Company answered the complaint and presented expert testimony contradicting the claim. On May 24, 2013, the RRC dismissed the complaint and ruled in favor of the Company.
	b. The Company is obligated for $1,307,700 under long-term leases for the use of land where seven of its disposal wells are located. Three of the leases are for extended periods of time. The first lease expires on February 7, 2023 (with two options to renew for an additional 10 years each).The second lease expires on December 1, 2034 with no option to renew and the third lease expires on May 31, 2018 with one year renewal options. The monthly lease payment for the disposal well leases is $10,800. Rent expense for the twelve months ended December 31, 2014 and 2013 was $162,996 and $97,998, respectively. Following is a schedule of lease payments by year:
	Years Ending	Disposal Well
	December 31,
	2015	$	123,600
	2016		123,600
	2017		116,100
	2018		105,600
	2019		105,600
	Thereafter		733,200
		$	1,307,700
	c. A share based deferred consideration liability was recorded as part of the CTT purchase consideration based on the Stock Purchase Agreement dated June 29, 2012. The previous owner of CTT received $4,708,348 in consideration in the form of common shares with a right to receive additional common shares if the share price of the company falls below $4.00 per share at the end of the measurement period, which was January 25, 2014, as specified in the stock purchase agreement. The share based deferred consideration liability was settled on May 1, 2013 and the Company issued an additional 143,228 shares of common stock in full satisfaction of the Company’s liability. A total of 437,500 common shares were issued to settle the liability.
	d. Earnings based deferred consideration liability was recorded as part of the CTT purchase consideration based on the Stock Purchase Agreement dated June 29, 2012 which was amended on May 1, 2013. The previous owner of CTT was granted the right to receive additional consideration based on specified earnings targets at the end of the measurement period, which ends on June 30, 2014, as specified in the amended agreement dated May 1, 2013. Based on CTT’s earnings through December 31, 2013, the fair value of the earnings based contingent liability of $2,300,000 (recorded at the acquisition date) has changed as of December 31, 2013 and the additional consideration based upon specific earnings targets were not achieved and therefore the contingent liability of $2,300,000 has been cancelled and the gain was included in other income (expense) for the year ended December 31, 2013.
	e. Although not named directly in the litigation the Company was obligated to indemnify one of its current officers and one of its former officers in certain litigation filed against them; Jimmy Coffman and Elaine Coffman v. Tim P. Burroughs And Dick O’Donnell CAUSE NO. CV14-02-115 in the 271st Judicial District Wise County, Texas. In this suit the Coffmans sought to obtain the sum of $2,082,407 which they alleged was owed them on two promissory notes associated with the Company’s purchase of Chico Coffman Tank Trucks, Inc. and its subsidiary, Coffman Disposal, LLC. This amount is recorded as note payable. The lawsuit was being defended through the Company’s Directors and Officers insurance carrier, Chubb Insurance. On February 12, 2015 the Company executed a settlement agreement in the litigation with the Coffmans. The effect of the settlement agreement is the cancellation of two subordinated promissory notes originally totaling $3.7 million. The settlement resulted in the reduction of the Company’s indebtedness by $2.1 million. The promissory notes were owed to the former owners of CTT and related to the Company’s acquisition of CTT. The Company paid $150,000 in defense costs which represented the amount of the Company’s deductible under its Directors and Officers insurance policy.
	f. The Company is a named defendant along with the previously named officers in certain litigation; Dynamic Technical Solutions Corp. and Ola Investments, LLC, V. Frontier Oilfield Services, Inc., Timothy Burroughs and Bernard R. “Dick” O’Donnell; CAUSE NO. CV14-04-234 in the 271st Judicial District Wise County, Texas wherein the Plaintiffs allege they have been damaged by the failure of the Company to complete a disposal well in a joint venture between the parties in the sum of $300,000. The Company is defending the lawsuit and believes the lawsuit is without merit.
	g. From time to time, the Company is a party to various legal actions arising in the ordinary course of business. The Company accrues costs and legal costs associated with these matters when they become probable and the amount can be reasonably estimated. The Company’s management does not expect any liability from the disposition of such claims and litigation individually or in the aggregate would have a material adverse impact on the Company’s consolidated financial position, results of operations and cash flows

INCOME_TAXES

INCOME TAXES	12 Months Ended
	Dec. 31, 2014
Income Taxes
INCOME TAXES	11
	INCOME TAXES:
	The Company computes income taxes using the asset and liability approach. The Company currently has no issue that creates timing differences that would mandate deferred tax expense. Due to the uncertainty as to the utilization of net operating loss carryforwards, a valuation allowance has been made to the extent of any tax benefit that net operating losses may generate. No provision for income taxes has been recorded for the twelve months ended December 31, 2014 due to the Company’s net operating loss carryforward from prior years.
	The following table reconciles income tax expense and rate base on the statutory rate to the Company’s income tax expense.
		Year Ended December 31, 2014						Year Ended December 31, 2013
		Amount			Percentage			Amount			Percentage
	Computed “expected” income tax benefit	$	(1,841,641	)		35		$	(3,031,996	)		35
	Increase (decrease) in income taxes resulting from:
	Expiration of unused net operating loss		1,711,914			(32.53	)		—			—
	Permanent differences		1,191			(0.02	)		11,065			(0.13	)
	State taxes, net of federal benefit		15,299			(2.60	)		(25,273	)		0.29
	Changes in valuation allowance		136,773			(0.29	)		3,118,413			(36.00	)
	Provision for federal and state income tax	$	23,536			(0.44	)	$	72,209			(0.84	)
	Deferred Income Taxes
	Deferred income taxes primarily represent the net tax effect of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. The components of our deferred taxes are as follows:
		Years Ended December 31,
		2014			2013
	Deferred tax assets (liabilities):
	Net operating loss carryforward	$	11,449,134		$	9,305,353
	Expiration of unused net operating loss		(1,711,914	)		—
	Bad debt allowance		17,500			—
	Stock based compensation		98,035			72,135
	Depreciation and amortization		(1,567,032	)		(1,228,538	)
	Total deferred tax assets		8,285,723			8,148,950
	Valuation allowance		(8,285,723	)		(8,148,950	)
	Net deferred tax assets	$	—		$	—
	At December 31, 2014 and 2013, the Company has net operating loss carry forwards of approximately $27.8 million and $21.7 million, respectively, remaining for federal income tax purposes. Net operating loss carry forwards may be used in future years to offset taxable income subject to compliance with Section 382 of the Internal Revenue Code. The federal net operating loss carry forwards will expire in 2019 through 2034.

SUBSEQUENT_EVENTS

SUBSEQUENT EVENTS	12 Months Ended
	Dec. 31, 2014
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	12
	SUBSEQUENT EVENTS
	On February 12, 2015 the Company executed a settlement agreement in the litigation with the Coffmans whereby the Coffmans received a cash payment from Chubb in exchange for the termination of the litigation and the cancellation of two subordinated promissory notes with face amounts originally totaling $ 3.7 million. The settlement resulted in the reduction of the Company’s debt by $2.1 million. The Company paid $150,000 in defense costs which represented the amount of the Company’s deductible under its Directors and Officers insurance policy.
	On March 25, 2015 the Company was notified by its largest customer that the Company was unsuccessful in a competitive bidding process conducted by the customer to select vendors for the customers’ saltwater transport and disposal service. The Company’s current MSA with the customer expires on March 31. 2015 and will not be the renewed. The customer represented 53% and 52%, respectively, of the Company’s revenues for the years ended December 31, 2014 and December 31, 2013. Management is in the process of preparing for the implications of the loss of this business volume, which at a minimum will be substantially lower revenues and cash flows beginning in April of 2015.

SUMMARY_OF_SELECTED_ACCOUNTING

SUMMARY OF SELECTED ACCOUNTING POLICIES (Policies)

12 Months Ended

Dec. 31, 2014

Accounting Policies [Abstract]

Principles of Consolidation

Principles of Consolidation

The consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries. All significant inter-company transactions and balances have been eliminated in consolidation.

Use of Estimates

Use of Estimates

The preparation of consolidated financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting periods. Actual results could differ significantly from previously estimated amounts.

Revenue Recognition

Revenue Recognition

The Company recognizes revenues when services are rendered, field tickets are approved, signed and received, and when payment is determinable and reasonably assured. The Company extends short-term, unsecured credit to its customers for amounts invoiced.

Cash

Cash

For purposes of the consolidated statements of cash flows, cash includes demand deposits, time deposits, certificates of deposit and short-term liquid investments with original maturities of three months or less when purchased. The Company is obligated to maintain all deposits in one financial institution. The Federal Deposit Insurance Corporation provides coverage for all accounts of up to $250,000. As of December 31, 2014 and 2013, none of the Company’s cash was in excess of federally insured limits.

Restricted Cash

Restricted Cash

Restricted cash represents certificates of deposit used as collateral for letters of credit issued in favor of the Texas Railroad Commission as required pursuant to the Texas Railroad Commission’s regulations. The letters of credit provide evidence of financial responsibility for the operation of the disposal wells owned by the Company. Restricted cash is not generally available to the Company until the respective letters of credit are cancelled or terminated undrawn.

Accounts Receivable

Accounts Receivable

The Company performs periodic credit evaluations of its customers’ financial condition and extends credit to virtually all of its customers on an uncollateralized basis. Credit losses to date have been insignificant and within management’s expectations. The Company provides an allowance for doubtful accounts that is based upon a review of outstanding receivables, historical collection information, and existing economic conditions. Normal accounts receivable are due 30 to 45 days after the issuance of the invoice. Receivables past due more than 60 days are considered delinquent. Delinquent receivables are evaluated for collectability based on individual credit evaluation and specific circumstances of the customer. As of December 31, 2014 and 2013, the Company’s allowance for doubtful accounts was $193,483 and $33,321, respectively.

At December 31, 2014 and 2013, the Company had the following customer concentrations.

Percentage of Revenue

Percentage of Accounts Receivable

2014

2013

2014

2013

Customer A

53

%

52

%

22

%

31

%

Customer B

*

14

%

*

*

Customer C

14

%

*

29

%

14

%

Customer D

*

*

*

13

%

* Less than 10%

Parts Inventory

Parts Inventory

Parts inventory consists of replacement parts for the Company’s vehicles and transports and is stated at the lower of cost or market. Cost is determined using average cost method.

Property and Equipment

Property and Equipment

The Company’s property and equipment are stated at cost. Depreciation is computed using the straight-line method over the estimated useful lives of the assets for financial reporting purposes. Maintenance and repair costs are expensed when incurred, while major improvements are capitalized.

The cost of assets sold or abandoned and the related accumulated depreciation are eliminated from the accounts and any gains or losses are charged or credited to income in the respective period. The estimated useful lives are as follows:

Asset Description

Estimated Useful Life

Cost

Land

Non-depreciable

$

225,000

Trucks and equipment

5-7 years

7,529,483

Disposal wells

5-14 years

9,046,686

Buildings and improvements

15 - 39 years

474,900

Office furniture and equipment

5-7 years

60,175

Disposal well under construction

Non-depreciable

539,225

Total property and equipment, at cost

17,875,469

Less: accumulated depreciation

(6,855,473

)

Property and equipment, net

$

11,019,996

During the year ended December 31, 2014, the Company disposed of property and equipment with a cost of $2,815,845 and accumulated depreciation of $1,004,679. The Company received total proceeds of $704,923 and recognized a loss of $797,372 in the accompanying consolidated statements of operations. During the year ended December 31, 2013, the Company disposed of property and equipment with a cost of $3,702,087 and accumulated depreciation of $1,393,744. The Company received total proceeds of $2,678,029 and recognized a gain of $369,687 in the accompanying consolidated statements of operations.

Long-Lived Assets

Long-Lived Assets

The Company periodically reviews for the impairment of long-lived assets whenever events or changes in circumstances indicate that the carrying amount of an asset may not be realizable. An impairment loss would be recognized when estimated future cash flows expected to result from the use of the asset and its eventual disposition is less than its carrying amount. In 2013, the Company determined that it would not be able to fully recover the carrying amount of its disposal wells from FIG. In accordance with the guidance for the impairment of long-lived assets, the Company recorded an impairment charge of $1.8 million in 2013 to adjust the carrying value of the asset to our estimate of its fair value. No impairment charges were recorded in 2014. We estimated that fair value using the comparable sales method. The impairment charge impacted the loss from discontinued operations, net of income taxes line in our consolidated statement of operations.

Asset retirement obligations

Asset retirement obligations

ASC Topic 410, Asset Retirement and Environmental Obligations, requires companies to recognize a liability for an asset retirement obligation (ARO) at fair value in the period in which the obligation is incurred, if a reasonable estimate of fair value can be made. This obligation relates to the future costs of plugging and abandoning the Company’s disposal wells, the removal of equipment and facilities, and returning such land to its original condition.

The Company has not recorded an ARO for the future estimated reclamation costs associated with the operation of the Company’s disposal wells. The Company is not able to determine the estimated life of its wells and is unable to determine a reasonable estimate of the fair value associated with this liability. The Company believes that any such liability would not be material to the consolidated financial statements taken as a whole.

Equity Instruments Issued for Goods and Services

Equity Instruments Issued for Goods and Services

The Company measures the cost of employee services received in exchange for an award of equity instruments based on the fair value of the award on the grant date. That cost is recognized in the consolidated financial statements over the period during which the employee is required to provide services in exchange for the award with a corresponding increase in additional paid-in capital.

Fair Value Measurements

Fair Value Measurements

The ASC Topic 820, Fair Value Measurements and Disclosures, defines fair value, establishes a framework for measuring fair value in accordance with U.S. generally accepted accounting principles, and requires certain disclosures about fair value measurements. In general, fair values of financial instruments are based upon quoted market prices, where available. If such quoted market prices are not available, fair value is based upon internally developed models that primarily use, as inputs, observable market-based parameters. Valuation adjustments may be made to ensure that financial instruments are recorded at fair value. These adjustments may include amounts to reflect counterparty credit quality and the customer’s creditworthiness, among other things, as well as unobservable parameters. Any such valuation adjustments are applied consistently over time.

Fair Value of Financial Instruments

Fair Value of Financial Instruments

In accordance with the reporting requirements of ASC Topic 825, Financial Instruments, the Company calculates the fair value of its assets and liabilities which qualify as financial instruments under this standard and includes this additional information in the notes to the financial statements when the fair value is different than the carrying value of those financial instruments. The Company does not have any assets or liabilities measured at fair value on a recurring or a non-recurring basis, consequently, the Company did not have any fair value adjustments for assets and liabilities measured at fair value at the balance sheet dates, nor gains or losses reported in the statements of operations that are attributable to the change in unrealized gains or losses relating to those assets and liabilities still held during the years ended December 31, 2014 and 2013.

Income Taxes

Income Taxes

Income taxes are accounted for under the asset and liability method. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. Income tax expense is the tax payable for the year plus or minus the change during the period in deferred tax assets and liabilities.

Earnings Per Share (EPS)

Earnings Per Share (EPS)

Basic earnings per common share are calculated by dividing net income or loss by the weighted average number of shares outstanding during the year. Diluted earnings per common share are calculated by adjusting outstanding shares, assuming conversion of all potentially dilutive stock options and warrants. The computation of diluted EPS does not assume conversion, exercise, or contingent issuance of shares that would have an antidilutive effect on earnings per common share. Anti-dilution results from an increase in earnings per share or reduction in loss per share from the inclusion of potentially dilutive shares in EPS calculations. Currently there are 150,000 stock options, which have been excluded from EPS, outstanding that could potentially have a dilutive effect on EPS in the future. The table below sets forth the reconciliation for net loss and weighted average shares used for calculating basic and diluted earnings per share.

Years Ended December 31,

2014

2013

Earnings (numerator)

Net loss

$

(5,285,366

)

$

(8,735,054

)

Preferred stock dividends

(46,183

)

(37,027

)

Net loss loss available to common shareholders

$

(5,331,549

)

$

(8,772,081

)

Shares (denominator)

Weighted average common shares outstanding (basic)

5,751,181

5,250,820

Earnings (loss) per share from continuing operations

Basic and Diluted

$

(0.93

)

$

(1.67

)

Reverse Stock Split

On November 1, 2013 the Company affected a four-to-one reverse stock split. All information in this Annual Report on Form 10-K relating to the number of shares, price per share and per share amounts gives retroactive effect to the four-to-one reverse stock split of our capital stock.

SUMMARY_OF_SIGNIFICANT_ACCOUNT1

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	12 Months Ended
	Dec. 31, 2014
Accounting Policies [Abstract]
Summary of customer concentrations	At December 31, 2014 and 2013, the Company had the following customer concentrations.
		Percentage of Revenue							Percentage of Accounts Receivable
		2014				2013			2014			2013
	Customer A		53	%			52	%		22	%		31	%
	Customer B		*				14	%		*			*
	Customer C		14	%			*			29	%		14	%
	Customer D		*				*			*			13	%
	* Less than 10%
Summary of estimated lives of property and equipment	The cost of assets sold or abandoned and the related accumulated depreciation are eliminated from the accounts and any gains or losses are charged or credited to income in the respective period. The estimated useful lives are as follows:
	Asset Description	Estimated Useful Life		Cost
	Land	Non-depreciable		$	225,000
	Trucks and equipment	5-7 years			7,529,483
	Disposal wells	5-14 years			9,046,686
	Buildings and improvements	15 - 39 years			474,900
	Office furniture and equipment	5-7 years			60,175
	Disposal well under construction	Non-depreciable			539,225
	Total property and equipment, at cost				17,875,469
	Less: accumulated depreciation				(6,855,473	)
	Property and equipment, net			$	11,019,996
Schedule of the reconciliation for net loss and weighted average shares used for calculating basic and diluted earnings per share	The table below sets forth the reconciliation for net loss and weighted average shares used for calculating basic and diluted earnings per share.
		Years Ended December 31,
		2014				2013
	Earnings (numerator)
	Net loss	$	(5,285,366	)		$	(8,735,054	)
	Preferred stock dividends		(46,183	)			(37,027	)
	Net loss loss available to common shareholders	$	(5,331,549	)		$	(8,772,081	)
	Shares (denominator)
	Weighted average common shares outstanding (basic)		5,751,181				5,250,820
	Earnings (loss) per share from continuing operations
	Basic and Diluted	$	(0.93	)		$	(1.67	)

INTANGIBLE_ASSETS_Tables

INTANGIBLE ASSETS (Tables)	12 Months Ended
	Dec. 31, 2014
Intangible Assets Tables
Schedule of intangible assets	The intangible assets, net of amortization as of December 31, 2014 and 2013 were as follows:
		31-Dec-14
				Accumulated					Weighted Average
		Gross		Amortization			Net		Useful Life
	Intangible assets:
	Disposal well permits	$	2,093,867	$	(506,018	)	$	1,587,849		10 years
	Customer relationships		1,973,867		(477,018	)		1,496,849		10 years
		$	4,067,734	$	(983,036	)	$	3,084,698
		31-Dec-13
					Accumulated					Weighted Average
			Gross		Amortization			Net		Useful Life
	Intangible assets:
	Disposal well permits	$	2,093,867	$	(296,631	)	$	1,797,236		10 years
	Customer relationships		1,973,867		(279,631	)		1,694,236		10 years
		$	4,067,734	$	(576,262	)	$	3,491,472
Schedule of future amortization expense for intangible assets	Future amortization expense for definite-life intangible assets as of December 31, 2014 is as follows:
	Periods
	Ending
	December 31,
	2015	$	406,776
	2016		406,776
	2017		406,776
	2018		406,776
	2019		406,776
	Thereafter		1,050,818
		$	3,084,698

LONGTERM_DEBT_Tables

LONG-TERM DEBT (Tables)	12 Months Ended
	Dec. 31, 2014
Debt Disclosure [Abstract]
Schedule of Long-Term Debt, Net	Long-term debt as of December 31, 2014 and 2013 were as follows:
		December 31,				December 31,
		2014				2013
	Revolving credit facility and term loan (a)	$	2,510,963		$	3,767,585
	ICON term note (b)		4,330,820			4,223,996
	Loans from stockholder (f)		2,870,484			1,596,000
	Notes payable (c)		2,082,407			2,082,407
	Installment notes (d)		163,215			221,467
	Convertible note (e)		—			117,246
	Total debt		11,957,889			12,008,701
	Less current portion		(10,363,094	)		(10,352,472	)
	Total long-term debt	$	1,594,795		$	1,656,229
Schedule of future maturities of long-term debt	Future maturities of long-term debt as of December 31, 2014 are as follows:
	Years Ending
	December 31,
	2015	$	10,363,094
	2016	$	418,928
	2017	$	430,326
	2018	$	398,864
	2019	$	346,677
		$	11,957,889

EQUITY_TRANSACTIONS_Tables

EQUITY TRANSACTIONS (Tables)	12 Months Ended
	Dec. 31, 2014
Discontinued Operations and Disposal Groups [Abstract]
Schedule of Black-Scholes option valuation model inputs	The Black-Scholes option valuation model inputs used are as follows:
	Average expected life in years	1
	Average risk-free interest rate	4.00%
	Average volatility	75%
	Dividend yield	7%

STOCK_BASED_COMPENSATION_Table

STOCK BASED COMPENSATION (Tables)	12 Months Ended
	Dec. 31, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Schedule of paid or accrued stock compensation expense	The following table sets forth the Company’s paid or accrued stock compensation expense to its officers, directors and employees.
			Stock			Stock Options		Non-Vested Stock		Securities Underlying Non-Vested
			Awards			Awards		Awards (1)		Stock (1)			Total
	Year ended December 31, 2014	$	74,000		$	—	$	—		—		$	74,000
	Year ended December 31, 2013	$	1,664,163		$	101,400	$	641,500		605,000		$	2,407,063
Schedule of status of the Company's option grants	A summary of the status of the Company’s option grants as of December 31, 2014 and 2013 and the changes during the periods then ended is presented below:
						Weighted-Average		Weighted Average Remaining Contractual Term		Aggregate Intrinsic
			Shares			Exercise Price		(in Years)		Value
	Outstanding December 31, 2012		150,000		$	1.54		0.64	$	231,600
	Granted		150,000			1.62		1.57		242,850
	Exercised		—			—		—		—
	Forfeited		—			—		—		—
	Outstanding December 31, 2013		300,000			1.58		1.11		474,450
	Granted		—			—		—		—
	Exercised		—			—		—		—
	Forfeited		(150,000	)		1.54		0.36		(231,600	)
	Outstanding December 31, 2014		150,000		$	1.58		1.11	$	242,850
Schedule of valuation assumptions	The weighted average fair value at the grant date for options during the years ended December 31, 2014 and 2013 was estimated using the Black-Scholes option valuation model with the following inputs:
	Average expected life in years	2
	Average risk-free interest rate	2	%
	Average volatility	75	%
	Dividend yield	0	%
Schedule of vested and nonvested option grants	A summary of the status of the Company’s vested and non-vested option grants at December 31, 2014 and the weighted average grant date fair value is presented below:
						Weighted Average		Weighted Average
						Grant Date		Grant Date
			Shares			Fair Value per Share		Fair Value
	Vested		150,000		$	0.68	$	101,400
	Nonvested		—			—		—
	Total		150,000		$	0.68	$	101,400

COMMITMENTS_AND_CONTINGENCIES_

COMMITMENTS AND CONTINGENCIES (Tables)	12 Months Ended
	Dec. 31, 2014
Commitments And Contingencies Tables
Schedule of base lease payments by year	b. Following is a schedule of lease payments by year:
	Years Ending	Disposal Well
	December 31,
	2015	$	123,600
	2016		123,600
	2017		116,100
	2018		105,600
	2019		105,600
	Thereafter		733,200
		$	1,307,700

INCOME_TAXES_Tables

INCOME TAXES (Tables)	12 Months Ended
	Dec. 31, 2014
Income Taxes Tables
Reconciliation of statutory tax expense to our income tax provision	The following table reconciles income tax expense and rate base on the statutory rate to the Company’s income tax expense.
		Year Ended December 31, 2014						Year Ended December 31, 2013
		Amount			Percentage			Amount			Percentage
	Computed “expected” income tax benefit	$	(1,841,641	)		35		$	(3,031,996	)		35
	Increase (decrease) in income taxes resulting from:
	Expiration of unused net operating loss		1,711,914			(32.53	)		—			—
	Permanent differences		1,191			(0.02	)		11,065			(0.13	)
	State taxes, net of federal benefit		15,299			(2.60	)		(25,273	)		0.29
	Changes in valuation allowance		136,773			(0.29	)		3,118,413			(36.00	)
	Provision for federal and state income tax	$	23,536			(0.44	)	$	72,209			(0.84	)
Components of deferred taxes	The components of our deferred taxes are as follows:
		Years Ended December 31,
		2014			2013
	Deferred tax assets (liabilities):
	Net operating loss carryforward	$	11,449,134		$	9,305,353
	Expiration of unused net operating loss		(1,711,914	)		—
	Bad debt allowance		17,500			—
	Stock based compensation		98,035			72,135
	Depreciation and amortization		(1,567,032	)		(1,228,538	)
	Total deferred tax assets		8,285,723			8,148,950
	Valuation allowance		(8,285,723	)		(8,148,950	)
	Net deferred tax assets	$	—		$	—

SUMMARY_OF_SIGNIFICANT_ACCOUNT2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narative) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Cash, FDIC insured amount	$250,000
Allowance for doubtful accounts	193,483	33,321
Proceeds from sale of property and equipment	704,923	605,919
Gain (loss) on disposition of assets	-797,372	369,687
Stock Option Awards [Member]
Potentially dilutive shares excluded from EPS	150,000
Property and equipment [Member]
Property and equipment, Disposals	2,815,845	3,702,087
Property and equipment, Disposals, Accumulated depreciation	1,004,679	1,393,744
Proceeds from sale of property and equipment	704,923	2,678,029
Gain (loss) on disposition of assets	797,372	369,687
Impairment of long lived assets		$1,800,000

SUMMARY_OF_SIGNIFICANT_ACCOUNT3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details)	12 Months Ended
	Dec. 31, 2014		Dec. 31, 2013
Sales [Member] | Customer A [Member]
Percentage of concentration risk	53.00%		52.00%
Sales [Member] | Customer B [Member]
Percentage of concentration risk		[1]	14.00%
Sales [Member] | Customer C [Member]
Percentage of concentration risk	14.00%			[1]
Sales [Member] | Customer D [Member]
Percentage of concentration risk		[1]		[1]
Accounts Receivable [Member] | Customer A [Member]
Percentage of concentration risk	22.00%		31.00%
Accounts Receivable [Member] | Customer B [Member]
Percentage of concentration risk		[1]		[1]
Accounts Receivable [Member] | Customer C [Member]
Percentage of concentration risk	29.00%		14.00%
Accounts Receivable [Member] | Customer D [Member]
Percentage of concentration risk		[1]	13.00%
[1]	Less than 10%

SUMMARY_OF_SIGNIFICANT_ACCOUNT4

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details 1) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Summary of estimated lives of property and equipment
Total property and equipment, at cost	17,875,469	$20,691,314
Less: accumulated depreciation	-6,855,473	-5,554,487
Property and equipment, net	11,019,996	15,136,827
Trucks and equipment [Member]
Summary of estimated lives of property and equipment
Total property and equipment, at cost	7,529,483
Trucks and equipment [Member] | Maximum [Member]
Summary of estimated lives of property and equipment
Estimated Useful Life	7 years
Trucks and equipment [Member] | Minimum [Member]
Summary of estimated lives of property and equipment
Estimated Useful Life	5 years
Disposal Wells [Member]
Summary of estimated lives of property and equipment
Total property and equipment, at cost	9,046,686
Disposal Wells [Member] | Maximum [Member]
Summary of estimated lives of property and equipment
Estimated Useful Life	14 years
Disposal Wells [Member] | Minimum [Member]
Summary of estimated lives of property and equipment
Estimated Useful Life	5 years
Buildings and improvements [Member]
Summary of estimated lives of property and equipment
Total property and equipment, at cost	474,900
Buildings and improvements [Member] | Maximum [Member]
Summary of estimated lives of property and equipment
Estimated Useful Life	39 years
Buildings and improvements [Member] | Minimum [Member]
Summary of estimated lives of property and equipment
Estimated Useful Life	15 years
Office furniture and equipment [Member]
Summary of estimated lives of property and equipment
Total property and equipment, at cost	60,175
Office furniture and equipment [Member] | Maximum [Member]
Summary of estimated lives of property and equipment
Estimated Useful Life	7 years
Office furniture and equipment [Member] | Minimum [Member]
Summary of estimated lives of property and equipment
Estimated Useful Life	5 years
Land [Member]
Summary of estimated lives of property and equipment
Total property and equipment, at cost	225,000
Construction in Progress [Member]
Summary of estimated lives of property and equipment
Total property and equipment, at cost	539,225

SUMMARY_OF_SELECTED_ACCOUNTING1

SUMMARY OF SELECTED ACCOUNTING POLICIES (Details 2) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Earnings (numerator)
Net loss	($5,285,366)	($8,735,054)
Preferred stock dividends	-46,183	-37,027
Net loss loss available to common shareholders	($5,331,549)	($8,772,081)
Shares (denominator)
Weighted average common shares outstanding (basic)	5,751,181	5,250,820
Earnings (loss) per share from continuing operations
Basic and Diluted	($0.93)	($1.67)

INTANGIBLE_ASSETS_Details

INTANGIBLE ASSETS (Details) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Intangibles, Gross	$4,067,734	$4,067,734
Intangibles, Accumulated Amortization	-983,036	-576,262
Intangibles, net	3,084,698	3,491,472
Customer Relationships [Member]
Intangibles, Gross	2,093,867	1,973,867
Intangibles, Accumulated Amortization	-506,018	-279,631
Intangibles, net	1,587,849	1,694,236
Intangible assets, Weighted Average Useful Life	10 years	10 years
Disposal Wells Permits [Member]
Intangibles, Gross	1,973,867	2,093,867
Intangibles, Accumulated Amortization	-477,018	-296,631
Intangibles, net	$1,496,849	$1,797,236
Intangible assets, Weighted Average Useful Life	10 years	10 years

INTANGIBLE_ASSETS_Details_1

INTANGIBLE ASSETS (Details 1) (USD $)	Dec. 31, 2014	Dec. 31, 2013
Expected amortization expense for the period ending December 31,
2015	$406,776
2016	406,776
2017	406,776
2018	406,776
2019	406,776
Thereafter	1,050,818
Intangibles, net	$3,084,698	$3,491,472

LONGTERM_DEBT_Details_Narrativ

LONG-TERM DEBT (Details Narrative) (USD $)	12 Months Ended		0 Months Ended
	Dec. 31, 2013	Dec. 31, 2014	Feb. 12, 2015	Aug. 15, 2014	Jul. 23, 2012
Stock price				$0.53
Debt discount				$72,235
Loans from shareholder	1,596,000
Number of shares issued , value	400,393
Icon Term Note [Member]
Debt face amount					5,000,000
Debt Interest Rate					14.00%
Primary Notes Payable [Member] | Chico Coffman Tank Trucks [Member]
Maturity Date		1-Dec-18
Loan payment amount		33,003
Loan payment frequency		Monthly
Debt face amount		3,445,708
Debt Interest Rate		4.79%
Secondary Notes Payable [Member] | Chico Coffman Tank Trucks [Member]
Maturity Date		1-Dec-18
Loan payment amount		2,488
Loan payment frequency		Monthly
Debt face amount		219,555
Debt Interest Rate		4.79%
Total Notes Payable [Member] | Chico Coffman Tank Trucks [Member] | Subsequent Event [Member]
Repayments of debt			3,700,000
Reduction indebtedness			2,100,000
Installment Notes [Member]
Loan payment amount		5,377
Loan payment frequency		Monthly
Debt face amount		163,215
Debt Interest Rate		5.69%
Asher Convertible Notes Payable [Member]
Debt face amount		153,500
Debt Interest Rate		8.00%
Debt Effective Interest Rate		70.00%
Conversion price discount percentage		35.00%
Conversion price		$0.34
Repayments of debt		53,500
Number of shares issued , value		4,453
Number of shares issued		341,372
Revolving Credit Facility And Term Loan [Member]
Maturity Date		23-Jul-17
Interest rate description		Base Rate Plus Applicable Margin Plus 2%
Spread on variable rate basis		2.00%
Loan payment frequency		Monthly
Unused commitment fee		0.38%
Revolving Credit Facility [Member]
Debt Interest Rate		6.75%
Term Loan [Member]
Debt Interest Rate		7.75%
TermLoanMember
Loan payment amount - principal		100,000
Accredited Investor Loan [Member]
Debt face amount		2,783,484
Debt Interest Rate		9.00%
Debt oustanding		2,783,484
Interest rate terms		The terms of the note requires the cash payment of one half of the interest cost monthly (4.5% per annum), and the remaining half is accrued as payment in kind interest.
Promissory Note Agreement With CEO [Member]
Debt face amount		$87,000
Debt Interest Rate		7.00%

LONGTERM_DEBT_Details

LONG-TERM DEBT (Details) (USD $)	Dec. 31, 2014		Dec. 31, 2013
Long-term debt, net
Total debt	$11,957,889
Less current portion	-10,363,094		-8,756,472
Total long-term debt	1,594,795		1,656,231
Revolving Credit Facility And Term Loan [Member]
Long-term debt, net
Total debt	2,510,963	[1]
Icon Term Note [Member]
Long-term debt, net
Total debt	4,330,820	[2]
Loans From Shareholder [Member]
Long-term debt, net
Total debt	2,870,484	[3]
Notes Payable [Member]
Long-term debt, net
Total debt	2,082,407	[4]
Installment Notes [Member]
Long-term debt, net
Total debt	$163,215	[5]
[1]	The Senior Loan Facility has a maturity date of July 23, 2017 and a default interest rate which is the base rate plus the applicable margin plus 2% (6.75% and 7.75%, respectively as of December 31, 2014). The term loan portion of the Senior Loan Facility requires monthly payments of $100,000 plus interest. The Senior Loan Facility also provides for the payment of an unused commitment fee of .375% per annum. The loans are secured by all of the Company's properties and assets except for its disposal wells wherein the Senior Loan Facility has a subordinated secured position to ICON. As of December 31, 2014, the Company was not in compliance with its debt covenants under the Senior Loan Facility and the lender had not exercised their rights under the ICON agreement. The outstanding balance of the Senior Loan Facility is included in current liabilities at December 31, 2014 due to the fact that the Company was not in compliance with its debt covenants.
[2]	The Company and its subsidiaries entered into a Term Loan, Guaranty and Security Agreement on July 23, 2012 with ICON in the amount of $5 million. The Loan Agreement provides for an annual interest rate of 14% with monthly payments of interest and with repayment of the principal and all accrued but unpaid interest due on February 1, 2018. ICON had a senior secured position on the Company's disposal wells and a subordinated position to the Senior Loan Facility on all other Company properties and assets. On December 27, 2014 an affiliate of an accredited investor who is also a stockholder purchased the note payable to ICON. The accredited investor assumed the terms and conditions of the ICON note agreement. As of December 31, 2014, the Company was not in compliance with its debt covenants under the ICON note and the lender had not exercised their rights under the ICON agreement. The outstanding balance of the ICON note is included in current liabilities at December 31, 2014 due to the fact that the Company was not in compliance with its debt covenants.
[3]	On May 27, 2014 an accredited investor, who is also a stockholder in the Company, entered into a loan agreement with the Company for the amount of $2,783,484. As of December 31, 2014 the principal balance of the note was $2,783,484. The note bears interest at 9% per annum. The terms of the note requires the cash payment of one half of the interest cost monthly (4.5% per annum), and the remaining half is accrued as payment in kind interest. The note and all accrued interest are due and payable in November 2015.
[4]	The Company assumed two notes payable in connection with the acquisition of CTT.The notes were related to CTT's purchase of common shares from two of its former stockholders. The primary note payable, dated June 1, 2007, in the original amount of $3,445,708 with interest at 4.79%, was payable in monthly installments of $33,003 including interest, maturing December 1, 2018. The Company's secondary note payable in the original amount of $219,555 dated June 1, 2007 had interest at 4.79% and was payable in monthly installments of $2,488 including interest, maturing December 1, 2018. Both notes were subordinated to the Senior Loan Facility and ICON notes. On February 12, 2015 the Company executed a settlement agreement in the litigation with the holders of the two notes payable. The effect of the settlement agreement is the cancellation of the two notes payable totaling $3.7 million. The settlement resulted in the reduction of the Company's indebtedness by $2.1 million. The promissory notes were owed to the former owners of CTT and related to the Company's acquisition of CTT.
[5]	The Company has an installment loan with a principal balance of approximately $163,215 which was used to acquire property and equipment for use in the Company's operations.The loan matures in September 2017 and has an interest rate of 5.69% and monthly minimum payments of $5,377.

LONGTERM_DEBT_Details_1

LONG-TERM DEBT (Details 1) (USD $)	Dec. 31, 2014
Summary of future maturities of long-term debt
2015	$10,363,094
2016	418,928
2017	430,326
2018	398,864
2019	346,677
Total future maturities of long-term debt	$11,957,889

EQUITY_TRANSACTIONS_Details_Na

EQUITY TRANSACTIONS (Details Narrative) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Reverse stock spilit		0.25
Preferred stock sales	$890,000	$700,000
Interest rate of Preferred Stock		7.00%
Warrants [Member]
Stock issued during the period,shares	2,200,000	3,500,000
Description of warrants expiration term		Term of 12-24 months from the date of issuance.
Strike price	$0.20	$0.20
Fair value of warrant		503,774
Preferred Stock 2013 Series A 7% [Member]
Preferred stock sales	11,000	17,500
Preferred stock sales, shares		1,750,000
Dividends in arrears	83,210
Stock to be issued for the conversion of debt, value	450,000
Preferred Stock 2013 Series A 7% [Member] | Issuance 2014 [Member]
Preferred stock sales	$440,000
Preferred stock sales, shares	1,100,000

EQUITY_TRANSACTIONS_Details

EQUITY TRANSACTIONS (Details) (Warrants [Member])	12 Months Ended
	Dec. 31, 2014
Warrants [Member]
Average expected life in years	1 year
Average risk-free interest rate	4.00%
Average volatility	75.00%
Dividend yield	7.00%

STOCK_BASED_COMPENSATION_Detai

STOCK BASED COMPENSATION (Details Narrative)	12 Months Ended		3 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2014
	Number
Share based compensation arrangement by share based payment award options exercise	1 year 1 month 9 days	1 year 1 month 9 days
Number of new officers joined who received restricted common stock shares as sign-on bonus	2
Mr. O'Donnell [Member]
Employment agreement of officers, stock grants			6,250
Right to purchase common stock			15,000
Share based compensation arrangement by share based payment award options exercise	2 years
Director [Member]
Directors stock grant, quarterly			6,250

STOCK_BASED_COMPENSATION_Detai1

STOCK BASED COMPENSATION (Details) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Paid or accrued stock compensation expense	$74,000	$2,407,063
Stock Awards [Member]
Paid or accrued stock compensation expense	74,000	1,664,163
Stock Option Awards [Member]
Paid or accrued stock compensation expense		101,400
Non Vested Stock Awards [Member]
Paid or accrued stock compensation expense		641,500
Securities Underlying Restricted Stock [Member]
Paid or accrued stock compensation expense		$605,000

STOCK_BASED_COMPENSATION_Detai2

STOCK BASED COMPENSATION (Details 1) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Number of shares
Beginning balance	300,000	150,000
Granted		150,000
Forfeited	-150,000
Ending balance	150,000	300,000
Weighted Average Exercise Price
Beginning balance	$1.58	$1.54
Granted		$1.62
Forfeited	$1.54
Ending balance	$1.58	$1.58
Weighted Average Remaining Contractual Term
Beginning Balance		7 months 20 days
Granted		1 year 6 months 25 days
Forfeited	4 months 10 days
Ending Balance	1 year 1 month 9 days	1 year 1 month 9 days
Aggregate Intrinsic Value
Beginning Balance	$474,450	$231,600
Granted		242,850
Forfeited	-231,600
Ending Balance	$242,850	$474,450

STOCK_BASED_COMPENSATION_Detai3

STOCK BASED COMPENSATION (Details 2)	12 Months Ended
	Dec. 31, 2014
Stock Based Compensation Details 2
Average expected life in years	2 years
Average risk-free interest rate	2.00%
Average volatility	75.00%
Dividend yield	0.00%

STOCK_BASED_COMPENSATION_Detai4

STOCK BASED COMPENSATION (Details 3) (USD $)	12 Months Ended
	Dec. 31, 2014
Granted, Shares	150,000
Weighted Average Grant Date Fair Value per Share	$0.68
Weighted Average Grant Date Fair Value	$101,400
Vested Option [Member]
Granted, Shares	150,000
Weighted Average Grant Date Fair Value per Share	$0.68
Weighted Average Grant Date Fair Value	$101,400

EMPLOYEE_BENEFIT_PLAN_Details_

EMPLOYEE BENEFIT PLAN (Details Narrative) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Employee Benefit Plan (Textual) [Abstract]
Maximum percentage of contribution to participants' earnings	4.00%
Matching contribution	$29,519	$45,853

COMMITMENTS_AND_CONTINGENCIES_1

COMMITMENTS AND CONTINGENCIES (Details Narrative) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Commitments And Contingencies Details Narrative
Received consideration in form of common shares amount	$4,708,348
Share price at the end of the contingency period	$4
Deferred consideration payable for acquisition of CTT		2,300,000
Monthly lease payment for disposal wells leases	10,800
Rent expenses	$162,996	$97,998

COMMITMENTS_AND_CONTINGENCIES_2

COMMITMENTS AND CONTINGENCIES (Details Narrative 1) (USD $)	12 Months Ended
	Dec. 31, 2014
	Number
Use of Land Leases [Member]
Total lease obligation	$1,307,700
Monthly lease payment for leases	10,300
Number of disposal wells in land lease	7
Number of leases with extensions for period of time	3
Number of options to renew leases	2
Use of Land Lease #1 [Member]
Lease renewal term	10 years
Use of Land Lease #3 [Member]
Lease renewal term	1 year
Case [Member]
Estimate of possible loss	2,082,407
Description of litigation	Jimmy Coffman and Elaine Coffman v. Tim P. Burroughs And Dick O'Donnell CAUSE NO. CV14-02-115 in the 271st Judicial District Wise County, Texas wherein the Coffman's seek to obtain the sum of $2,082,407 which they allege is owed them as a result of the Company's purchase of Chico Coffman Tank Trucks, Inc. and its subsidiary
Name of plaintiff	Jimmy Coffman and Elaine Coffman v. Tim P. Burroughs And Dick O'Donnell
Domicile of litigation	Judicial District Wise County, Texas
Case1 [Member]
Estimate of possible loss	$300,000
Description of litigation	Dynamic Technical Solutions Corp. and Ola Investments, LLC, V. Frontier Oilfield Services, Inc., Timothy Burroughs and Bernard R. "Dick" O'Donnell; CAUSE NO. CV14-04-234 in the 271st Judicial District Wise County, Texas wherein the Plaintiffs allege they have been damaged by the failure of the Company to complete a disposal well in a joint venture between the parties in the sum of $300,000.
Name of plaintiff	Dynamic Technical Solutions Corp. and Ola Investments, LLC, V. Frontier Oilfield Services, Inc., Timothy Burroughs and Bernard R. "Dick" O'Donnell
Domicile of litigation	Judicial District Wise County, Texas

COMMITMENTS_AND_CONTINGENCIES_3

COMMITMENTS AND CONTINGENCIES (Details) (Disposal Well [Member], USD $)	Dec. 31, 2014
Disposal Well [Member]
Schedule of base lease payments by year
2015	$123,600
2016	123,600
2017	116,100
2018	105,600
2019	105,600
Thereafter	733,200
Total base lease payments	$1,307,700

INCOME_TAXES_Details_Narrative

INCOME TAXES (Details Narrative) (Federal [Member], USD $)	Dec. 31, 2014	Dec. 31, 2013
Federal [Member]
Net operating loss carryforwards	$27,800,000	$21,700,000

INCOME_TAXES_Details

INCOME TAXES (Details) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Reconciliation of statutory tax expense to our income tax provision
Computed "expected" income tax benefit amount	($1,841,641)	($3,031,996)
Increase (decrease) in income taxes resulting from:
Expiration of unused net operating loss	1,711,914
Permanent differences, amount	1,191	11,065
State taxes, net of Federal benefit, amount	15,299	-25,273
Changes in valuation allowance, amount	136,773	3,118,413
Total tax provision, amount	$23,536	$72,209
Computed "expected" income tax benefit percentage	35.00%	35.00%
Expiration of unused net operating loss, percentage	-32.53%
Permanent differences, percentage	-0.02%	-0.13%
State taxes, net of Federal benefit, percentage	-2.60%	0.29%
Changes in valuation allowance, percentage	-0.29%	-36.00%
Total tax provision, percentage	-0.44%	-0.84%

INCOME_TAXES_Details_1

INCOME TAXES (Details 1) (USD $)	Dec. 31, 2014	Dec. 31, 2013
Deferred tax assets (liabilities):
Net operating loss carryforward	$11,449,134	$9,305,353
Expiration of unused net operating loss	-1,711,914
Bad debt allowance	17,500
Stock based compensation	98,035	72,135
Depreciation and amortization	-1,567,032	-1,228,538
Total deferred tax assets	8,285,723	8,148,950
Valuation allowance	-8,285,723	-8,148,950
Net deferred tax assets

SUBSEQUENT_EVENTS_Details_Narr

SUBSEQUENT EVENTS (Details Narrative) (Subsequent Event [Member], Chico Coffman Tank Trucks [Member], Total Notes Payable [Member], USD $)	0 Months Ended
	Feb. 12, 2015
Subsequent Event [Member] | Chico Coffman Tank Trucks [Member] | Total Notes Payable [Member]
Repayments of debt	$3,700,000
Reduction indebtedness	$2,100,000