SMG Industries (SMGI) 10-K 28 Mar 14 2013 FY Annual report Financial data

Document_And_Entity_Informatio

Document And Entity Information (USD $)	12 Months Ended
	Dec. 31, 2013	Mar. 24, 2014	Jun. 30, 2013
Document Information [Line Items]	'	'	'
Entity Registrant Name	'SMG Indium Resources Ltd.	'	'
Entity Central Index Key	'0001426506	'	'
Current Fiscal Year End Date	'--12-31	'	'
Entity Filer Category	'Smaller Reporting Company	'	'
Trading Symbol	'SMGI	'	'
Entity Common Stock, Shares Outstanding	'	8,561,997	'
Document Type	'10-K	'	'
Amendment Flag	'false	'	'
Document Period End Date	31-Dec-13	'	'
Document Fiscal Period Focus	'FY	'	'
Document Fiscal Year Focus	'2013	'	'
Entity Well-known Seasoned Issuer	'No	'	'
Entity Voluntary Filers	'No	'	'
Entity Current Reporting Status	'Yes	'	'
Entity Public Float	'	'	$12,766,473

BALANCE_SHEETS

BALANCE SHEETS (USD $)	Dec. 31, 2013	Dec. 31, 2012
Current Assets:	'	'
Cash and cash equivalents	$2,090,295	$6,151,770
Inventory repurchase right	943,573	0
Inventory - indium	14,318,244	0
Prepaid expenses and other current assets	33,932	29,774
Total Current Assets	17,386,044	6,181,544
Non-current inventory - indium	0	22,680,758
Equipment, net of accumulated depreciation	0	597
Total Assets	17,386,044	28,862,899
Current Liabilities:	'	'
Accounts payable and accrued expenses, including Manager - related-party fee of $150,131 and $149,323 at December 31, 2013 and 2012, respectively	298,314	226,991
Unconditional sale and purchase agreement repurchase obligation	1,001,474	0
Deferred income	22,718	0
Total Current Liabilities	1,322,506	226,991
Commitments and Contingencies	'	'
Stockholders' Equity:	'	'
Preferred stock - $0.001 par value: authorized 1,000,000 shares at December 31, 2013 and 2012; issued and outstanding none at December 31, 2013 and 2012	0	0
Common stock - $0.001 par value: authorized 25,000,000 shares at December 31, 2013 and 2012; issued 8,832,301 shares at December 31, 2013 and 2012; outstanding 8,561,997 and 8,808,717 shares at December 31, 2013and 2012, respectively	8,833	8,833
Additional paid-in capital	27,221,563	40,106,728
Accumulated deficit	-10,445,347	-11,427,369
Less treasury stock at cost: 270,304 and 23,584 shares at December 31, 2013 and 2012, respectively	-721,511	-52,284
Total Stockholders' Equity	16,063,538	28,635,908
Total Liabilities and Stockholders' Equity	$17,386,044	$28,862,899

BALANCE_SHEETS_Parenthetical

BALANCE SHEETS [Parenthetical] (USD $)	Dec. 31, 2013	Dec. 31, 2012
Manager - related party fee (in dollars)	$150,131	$149,323
Preferred stock, par value (in dollars per share)	$0.00	$0.00
Preferred stock, shares authorized	1,000,000	1,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value (in dollars per share)	$0.00	$0.00
Common stock, shares authorized	25,000,000	25,000,000
Common stock, shares issued	8,832,301	8,832,301
Common stock, shares outstanding	8,561,997	8,808,717
Treasury Stock, Shares	270,304	23,584

STATEMENTS_OF_OPERATIONS

STATEMENTS OF OPERATIONS (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
Net sales	$9,505,044	$0
Cost of sales, including inventory-write down	7,420,792	2,700,553
Gross profit (loss)	2,084,252	-2,700,553
Operating costs:	'	'
Operating expenses - Manager - related party	626,565	620,349
Other selling, general and administrative expenses	607,048	627,453
Total operating costs	1,233,613	1,247,802
Operating income (loss)	850,639	-3,948,355
Other income:	'	'
Interest income	14,882	22,802
Other income	141,501	38,890
Net income (loss) before income taxes	1,007,022	-3,886,663
Income tax expense	-25,000	0
Net income (loss)	$982,022	($3,886,663)
Net Income (Loss) Per Share	'	'
Basic (in dollars per share)	$0.11	($0.44)
Diluted (in dollars per share)	$0.11	($0.44)
Weighted Average Number of Shares Outstanding	'	'
Basic (in shares)	8,781,501	8,810,035
Diluted (in shares)	8,811,016	8,810,035

STATEMENT_OF_CHANGES_IN_STOCKH

STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY (USD $)	Total	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Treasury Stock [Member]
Balance at Dec. 31, 2011	$25,064,805	$6,833	$32,598,678	($7,540,706)	$0
Balance (in shares) at Dec. 31, 2011	'	6,832,301	'	'	'
Issuance of common stock to a related party in a private placement, net	7,497,500	2,000	7,495,500	0	0
Issuance of common stock to a related party in a private placement, net (in shares)	'	2,000,000	'	'	'
Awards of stock options to directors and an officer	12,550	0	12,550	0	0
Purchase of shares of treasury stock	-52,284	0	0	0	-52,284
Net income (loss)	-3,886,663	0	0	-3,886,663	0
Balance at Dec. 31, 2012	28,635,908	8,833	40,106,728	-11,427,369	-52,284
Balance (in shares) at Dec. 31, 2012	'	8,832,301	'	'	'
Awards of stock options to an officer	5,900	0	5,900	0	0
Purchase of shares of treasury stock	-669,227	0	0	0	-669,227
Cash distributions to stockholders	-12,891,065	0	-12,891,065	0	0
Net income (loss)	982,022	0	0	982,022	0
Balance at Dec. 31, 2013	$16,063,538	$8,833	$27,221,563	($10,445,347)	($721,511)
Balance (in shares) at Dec. 31, 2013	'	8,832,301	'	'	'

STATEMENT_OF_CHANGES_IN_STOCKH1

STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY [Parenthetical]	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
Purchase of treasury stock	246,720	23,584

STATEMENTS_OF_CASH_FLOWS

STATEMENTS OF CASH FLOWS (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
Cash flow from operating activities:	'	'
Net income (loss)	$982,022	($3,886,663)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:	'	'
Write-downs of inventory - indium	0	2,700,553
Share-based compensation	5,900	12,550
Depreciation	597	332
Changes in operating assets and liabilities:	'	'
Increase in prepaid expenses and other current assets	-4,158	-6,070
Decrease in cash and cash equivalents restricted for indium purchases	0	2,700,781
Decrease (increase) in inventory - indium	7,418,941	-6,382,555
Increase in accounts payable and accrued expenses	71,323	31,295
Increase in unconditional sale and purchase agreement repurchase obligation	1,001,474	0
Increase in deferred income	22,718	0
Net cash provided by (used in) operating activities	9,498,817	-4,829,777
Cash flow from financing activities:	'	'
Proceeds from private placement of common stock to a related party, net	0	7,497,500
Purchase of treasury shares	-669,227	-52,284
Cash distributions to stockholders	-12,891,065	0
Net cash (used in) provided by financing activities	-13,560,292	7,445,216
Net (decrease) increase in cash and cash equivalents	-4,061,475	2,615,439
Cash and cash equivalents, at beginning of year	6,151,770	3,536,331
Cash and cash equivalents, at end of year	$2,090,295	$6,151,770

Organization_and_Nature_of_Bus

Organization and Nature of Business	12 Months Ended
	Dec. 31, 2013
Organization, Consolidation and Presentation Of Financial Statements [Abstract]	'
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]	'
	Note 1 — Organization and Nature of Business
	Organization and Nature of Business
	SMG Indium Resources Ltd. (the “Company”) is a corporation established pursuant to the laws of the State of Delaware on January 7, 2008. The Company operates in a single-segment business. Since inception, our primary business purpose has been to stockpile indium, a specialty metal that is being increasingly used as a raw material in a wide variety of consumer electronics manufacturing applications. The primary commercial application of indium is in coatings for the flat panel display industry and in the liquid crystal display ("LCD") industry on electronic devices such as television sets, computer monitors, cell phones and digital cameras. Indium is increasingly being used as a raw material in light emitting diodes ("LED") and in the solar energy industry. Its main use in solar energy applications is for high-efficiency photovoltaic cells in the form of thin-film photovoltaic. Other uses of indium are in electrical components, alloys and solders. The Company has lent, leased and sold indium when management believed it was advantageous. In December 2013, the Company’s board of directors authorized management to sell its entire stockpile of indium over the next twelve months based on prevailing market conditions. As a result, the Company currently does not anticipate purchasing any additional indium.
	The Company entered into a Management Services Agreement, as amended and restated on May 10, 2011 (the “MSA”), with a related party, Specialty Metals Group Advisors, LLC (“SMG Advisors” or the “Manager”). The primary responsibilities of the Manager are: (i) purchasing, lending, leasing and selling indium; (ii) submitting written reports to the Company’s board of directors detailing the delivery and payment particulars regarding each purchase and sale of indium; (iii) arranging for the storage of indium; (iv) preparing a biweekly report on the net market value (“NMV”), as defined below; (v) preparing any regulatory filings or special reports to the Company’s stockholders and board of directors; and (vi) managing the general business affairs of the Company. The MSA had an initial term of five years with options to renew upon mutual agreement between the parties. Pursuant to the terms of the MSA, the Company was required to pay the Manager a fee of 2% per annum of the monthly NMV beginning in May 2011 upon the completion of the Company’s Initial Public Offering (“IPO”).  In December 2013, the Company entered into an amendment to the MSA under which the Manager fee for 2014 is fixed at $652 thousand. Also under the amendment, the MSA expires in 2014; however, in certain circumstance the MSA may be terminated earlier or renewed upon mutual agreement between the parties upon 90 days prior notice.
	NMV is not a United States generally accepted accounting principles (“U.S. GAAP”) measurement. It is an internally created formula used by the Company to monitor performance and to compute the management fee. NMV is determined by multiplying the number of kilograms of indium held by the Company by the last spot price for indium published by Metal Bulletin and posted on Bloomberg L.P. (Bloomberg L.P. is not regulated or government approved) for the month, plus cash and other Company assets, less any liabilities. At December 31, 2013 and 2012, the Company’s management calculated the NMV of the Company to be approximately $22.2 million and $28.8 million, respectively. At December 31, 2013 and 2012, the excess of NMV at the indium spot price as of the respective dates (as published by Metal Bulletin PLC and posted on Bloomberg L.P.) over the historical net book value was approximately $6.1 million and $0.1 million, respectively.

Summary_of_Significant_Account

Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2013
Accounting Policies [Abstract]	'
Significant Accounting Policies [Text Block]	'
	Note 2 — Summary of Significant Accounting Policies
	Use of Estimates
	The preparation of the financial statements and related disclosure in conformity with U.S. GAAP requires management to make estimates and assumptions that affect reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statement and the reported amounts of revenue and expenses during the reporting period. The most significant estimates relate to the valuation of indium inventory, share-based compensation, income tax, and revenue recognition. Actual results could differ from those estimates.
	Cash and Cash Equivalents
	The Company considers all highly liquid instruments with original maturities of 90 days or less at the time of purchase to be cash equivalents.
	Inventory of the Metal Indium
	The Company’s inventory or “stockpile” of the metal indium is recorded at cost, including all associated costs of delivering the indium to the bonded storage warehouse on the date the Company takes delivery of the physical metal. Cost is determined using the specific-identification method. The stockpile of the physical metal indium and the related repurchase right were classified as noncurrent through December 31, 2012 as the Company’s primary business purpose was to stockpile indium with the objective of achieving long-term appreciation in the value of indium, if any. At December 31, 2013, the entire indium stockpile was reclassified to current assets due to the fact that during the next twelve months The Company intends to sell up to 100% of the indium stockpile to satisfy our cash requirements for our corporate initiatives based on prevailing market conditions.
	The stockpile of the physical metal indium is carried at the lower of cost or market with cost being determined on a specific-identification method and market being determined as the net realizable value based on the spot prices obtained from Metal Bulletin as posted on Bloomberg L.P., a real-time financial information services data platform. The Company charges against earnings an inventory write-down on an interim basis for the amount by which the spot price of indium is less than cost on a specific-identification basis. Increases or decreases in the spot price of the same lots of indium held in inventory in later interim periods within the fiscal year are recognized in such interim periods. Increases in value recognized on an interim basis do not exceed the previously recognized diminution in value within that fiscal year. Further, the Company periodically reviews the indium stockpile to determine if a loss should be recognized where the utility of indium has been impaired on an other-than-temporary basis. Where such impairment is viewed as other-than-temporary, the Company will charge against earnings the amount by which the fair value is less than the cost. At December 31, 2012, certain lots of indium in inventory were adjusted to reflect a lower of cost or market write-down aggregating approximately $5.9 million, based on the spot price of indium of $485 per kilogram at December 31, 2012. There was no write down of inventory in 2013 as the spot price of indium of $675 per kilogram at December 31, 2013 was higher than $485 per kilogram. The aggregate write down against inventory at December 31, 2013 was approximately 4.0 million. The reduction in the aggregate write-down against indium inventory at December 31, 2013 was due to the sale of certain lots of inventory in 2013.
	Basic and Diluted Earnings (Loss) per Share
	The Company presents both basic and diluted earnings (loss) per share (“EPS”) on the face of the statement of operations. Basic EPS is computed by dividing net income (loss) by the weighted average number of common shares outstanding during the period. Diluted EPS gives effect to all potentially dilutive common shares outstanding during the period including stock options and warrants, using the treasury-stock method. If anti-dilutive, the effect of potentially dilutive common shares is ignored. In computing diluted EPS, the average stock price for the period is used in determining the number of shares assumed to be purchased from the exercise of stock option or warrants. For the year ended December 31, 2013, potential shares of common stock that resulted from the assumed exercise of outstanding stock options, with exercise prices less than the average market price of the Company’s common stock for the period, were calculated using the treasury stock method. All other potentially issuable shares of common stock have been excluded from the calculation because their effect would be anti-dilutive. For the year ended December 31, 2012, all potentially issuable shares from outstanding options, warrants and unit purchase options have been excluded from the computation of the diluted EPS since the effect would be anti-dilutive.
	Accounting for Direct Sales, Lease and Lending Transactions
	The stockpile of indium may be used for “direct sales”, “lease” and/or “lending” transactions. Under a “direct sale” transaction, the Company records revenue when there is pervasive evidence that an arrangement exists, delivery has occurred, the price is fixed or determinable and collectibility is reasonably assured. Cost of sales is recorded for the indium carrying value based on specific-identification method. Allowances, if any, are recorded based on management’s best estimate for uncollectible accounts. There is no right of return. Approximately 95% of our direct sales are sold outside the United States primarily in Asia.
	Under indium “lending” transactions, the Company would exchange a specified tonnage and purity of indium for cash. Title and the risks and rewards of such indium ownership would pass to the purchaser/counterparty in the lending transaction. The Company would simultaneously enter into an agreement with such counterparty in which it would unconditionally commit to purchase and the counterparty would unconditionally commit to sell a specified tonnage and purity of indium that would be delivered to the Company at a fixed price and at a fixed future date in exchange for cash (the Unconditional Sale and Purchase Agreement or “USPA”). The USPA would also contain terms providing the counterparty with disincentives (“penalty fees”) for nonperformance of the return of indium to the Company as a means to assure its future supply of indium. While the Company believes that this risk would be mitigated by the penalty fee features of the USPA, it is nonetheless a risk associated with a transaction of this type. The Company accounts for any USPA transaction on a combined basis (sale and purchase) and evaluates whether, and in what period, other income may be recognized based on the specific terms of any arrangements. The Company discloses unconditional purchase obligations under these arrangements and, if applicable, will accrue net losses on such unconditional purchase obligations. Further, the cost of inventory-indium under an open USPA is reported as “indium repurchase obligation” in the accompanying balance sheet at December 31, 2013. In certain circumstances, we may sell indium to the counterparty in a USPA at a negotiated price.
	Income arising from leasing transactions is reported as other income. Indium “lease” transactions are generally for a period of less than one year. Under the lease, a specified amount of indium is leased to the customer for a period of time. At the end of the lease, the lessee is obligated to return the equivalent quantity and purity of the indium that was delivered to the lessee at the beginning of the lease. The monthly rental income is recorded as other income over the term of the lease. In certain circumstances, we may sell indium to the lessee in at a negotiated price.
	Income Taxes
	Income taxes are accounted under the asset-and-liability method. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to the differences between the financial statement carrying amounts of existing assets and liabilities and the respective tax bases and operating loss and tax credit carryforwards. 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. The portion of any deferred tax asset for which it is more likely than not that a tax benefit will not be realized must then be offset by recording a valuation allowance. A valuation allowance has been established against all of the deferred tax assets, as it is more likely than not that these assets will not be realized given the Company’s history of operating losses and due to the fact that there is uncertainty that these assets will be realized due to the fact they we cannot predict at what prices we will be able to liquidate our indium stockpile in future years. The Company recognizes the effect of income tax positions only if those positions are more likely than not of being sustained. Recognized income tax positions are measured at the largest amount that is greater than 50% likely of being realized. Changes in recognition or measurement are reflected in the period in which the change in judgment occurs. The Company recognizes potential interest and penalties related to income tax positions as a component of the provision for income taxes on the statements of operations in any future periods in which the Company must record a liability.
	Share-Based Payment Arrangements
	The Company measures the cost of employee services received in exchange for an award of equity instruments (share-based payments or “SBP”) based on the grant-date fair value of the award. That cost is recognized over the period during which an employee is required to provide service in exchange for the SBP award—the requisite service period (vesting period). For SBP awards subject to conditions, compensation is not recognized until the performance condition is probable of occurrence. The grant-date fair value of share options is estimated using the Black-Scholes-Merton option pricing model. Compensation expense for SBP awards granted to nonemployees is remeasured each period as the underlying options vest. The Company recorded non-cash charges for SBP of approximately $6 thousand and $13 thousand for the years ended December 31, 2013 and 2012, respectively. The fair value of each option granted during 2013 and 2012 was estimated on the date of grant using the Black-Scholes-Merton option pricing model with the weighted average assumptions in the following table:
		Year Ended December 31,
		2013		2012
	Expected dividend yield	0	%	0	%
	Expected option term (years)	5		5
	Expected volatility	11	%	15	%
	Risk-free interest rate	0.75-1.41	%	0.62-1.02	%
	The weighted average fair value at the date of grant for options granted during the years ended December 31, 2013 and 2012 was $0.30 and $0.42, respectively, per share. The expected term of options granted represents the period of time that options granted are expected to be outstanding. Because of the Company’s limited history of trading volume, the expected volatility was calculated based on the five-year volatility of indium. The assumed discount rate was the default risk-free interest rate provided by Bloomberg L.P.
	Common Stock Purchase Contracts
	The Company classifies as equity any common stock purchase contracts that: (i) require physical settlement or net-share settlement or give the Company a choice of net-cash settlement or settlement in its own shares (physical settlement or net-share settlement) and (ii) are indexed to the Company’s common stock. The Company classifies as assets or liabilities any common stock purchase contracts that: (i) require net-cash settlement (including a requirement to net-cash settle the contract if an event occurs and that event is outside the control of the Company), (ii) give the counterparty a choice of net-cash settlement or settlement in shares (physical settlement or net-share settlement), or (iii) are not indexed to the Company’s common stock. The Company assesses classification of its equity-classified contracts at each reporting date to determine whether a change in classification between assets and liabilities is required. The Company’s outstanding common stock purchase contracts were accounted for as equity through December 31, 2013.
	Concentration of Credit Risk
	The Company maintains cash deposits with banks that at times exceed applicable Federal Deposit Insurance Corporation limits. The Company reduces its exposure to credit risk by maintaining such deposits with high-quality financial institutions. The Company has not experienced any losses in such accounts. At December 31, 2013, the Company had cash on deposit of approximately $1.8 million in excess of federally insured limits of $0.3 million.
	The Company grants credit, without collateral, to specialty metals companies creating a credit risk with third parties that it sells, lends or leases indium. The Company seeks to reduce its credit risk by reviewing the third party’s credit portfolio, and, when deemed necessary obtains third party guarantees. To reduce its market risks for changes in the price of indium, the USPA and lease agreements contain terms providing the third-party with disincentives (“penalty fees”) for nonperformance of the return of indium to the Company.
	Fair Value
	The Company utilizes valuation techniques that maximize the use of observable inputs and minimize the use of unobservable inputs to the extent possible. The Company determines fair value based on assumptions that market participants would use in pricing an asset or liability in the principal or most advantageous market. For cash and cash equivalents, accounts payable and accrued expenses and other current liabilities, and prepaid expenses and other current assets, the carrying amount approximated the fair value because of the immediate or short-term nature of those instruments. For inventory, the carrying amount is based on lower of cost or market calculated on a specific-identification method with market being determined by the spot price of indium published by Metal Bulletin as posted on Bloomberg L.P. (a Level 2 fair value measurement).
	Reclassification
	Certain prior year amounts have been reclassified to conform to the current classification.
	Recently Issued Accounting Pronouncements
	In July 2013, the FASB issued Accounting Standard Update (“ASU”) 2013-11, “Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carry-forward, a Similar Tax Loss, or a Tax Credit Carry-forward Exists.” This ASU will eliminate the diversity in practice in presentation of unrecognized tax benefits when a net operating loss carry-forward, a similar tax loss, or a tax credit carry-forward exists at the reporting date. This new guidance requires the netting of unrecognized tax benefits against a deferred tax asset for a loss or other carry-forward that would apply in settlement of the uncertain tax positions. Under the new guidance, unrecognized tax benefits will be netted against all available same-jurisdiction loss or other tax carry-forward that would be utilized, rather than only against carryforwards that are created by the unrecognized tax benefits. This guidance is effective prospectively, but allows optional retrospective adoption (for all periods presented), for reporting periods beginning after December 15, 2013. As this guidance relates to presentation only, the adoption of this guidance will not impact our financial position or results of operations.
	The FASB recently issued ASU “Presentation of Financial Statements (Topic 205) Liquidation Basis of Accounting” (ASU 2013-07) that requires an entity to prepare its financial statements using the liquidation basis of accounting when liquidation is imminent, as defined in ASU 2013-7. ASU 2013-7’s objective is to eliminate diverse practices by providing guidance about when and how to apply the model. The guidance applies to all entities except for investment companies regulated under the Investment Company Act of 1940. Since there is no imminent plan to liquidate the Company, this ASU does not apply.

Indium_USPA_and_Lease_Transact

Indium USPA and Lease Transactions	12 Months Ended
	Dec. 31, 2013
Leases, Operating [Abstract]	'
Operating Leases And Lending Disclosure [Text Block]	'
	Note 3 — Indium USPA and Lease Transactions
	In 2013 and 2012, the Company entered into USPAs where the Company sold indium at a fixed price and the buyers agreed to subsequently sell back to the Company the same quantity and purity of indium at a fixed price that was at a discount from the price per kilogram that the Company originally sold indium to the buyer. Any USPA is accounted for on a combined basis resulting in a gain as a result of the discount that is recorded in other income over the term of the agreement. At December 31, 2013, the Company has an unconditional obligation to repurchase indium in the first quarter of 2014 under a USPA, as amended. Accordingly, at December 31, 2013, the Company classified approximately $0.9 million of indium covered by the USPA as "indium repurchase right” in short-term assets in the accompanying balance sheet. Further, at December 31, 2013, cash and cash equivalents include approximately $1.0 million received upon the sale of indium and an approximate $1.0 million current liability has been recorded in the accompanying balance sheet for the amount payable under the USPA for the Company’s unconditional obligation to buyback indium in the first quarter of 2014.
	During the second quarter of 2013, the Company entered into a lease agreement for a certain tonnage of indium that expires in 2014. There was no such transaction in 2012. At December 31, 2013, approximately $2.4 million is included in inventory-indium in the accompanying balance sheet representing the amount of leased indium.
	During the year ended December 31, 2013 and 2012, the Company recorded other income of approximately $142 thousand and $39 thousand, respectively, under USPA and lease transactions.

Stockholders_Equity

Stockholders' Equity	12 Months Ended
	Dec. 31, 2013
Stockholders' Equity Note [Abstract]	'
Stockholders' Equity Note Disclosure [Text Block]	'
	Note 4 — Stockholders’ Equity
	Preferred Stock
	The Company is authorized to issue 1,000,000 shares of preferred stock with such designations, voting and other rights and preferences as may be determined from time to time by the board of directors. At December 31, 2013 and 2012, there were no outstanding preferred shares. Majority of the Company’s independent directors that do not have an interest in the transaction shall approve any offering of preferred stock and have access, at the Company’s expense, to its counsel or independent counsel. Any document relating to an offering of preferred stock by the Company will disclose whether the dividends on the preferred stock are cumulative, the risk of failure to declare or pay dividends on the preferred stock and the equity characteristics of any convertible preferred stock being offered to investors.
	Common Stock
	In November 2012, the Company’s board of directors approved an amendment to the Company’s Certificate of Incorporation to decrease the number of authorized shares of common stock from 40,000,000 to 25,000,000.
	On January 5, 2012, the Company closed a private placement of an aggregate of 2.0 million shares of its common stock at $3.75 per share to two accredited investors, Raging Capital Fund, L.P. and Raging Capital Fund (QP), L.P., for aggregate net proceeds of $7.5 million. In January 2013, substantially all of the assets of Raging Capital Fund LP and Raging Capital Fund (QP), LP were transferred to Raging Capital Master Fund, Ltd. Raging Capital Management, LLC is the general partner of Raging Capital Master Fund, Ltd. and they are affiliated and controlled by William C. Martin. Mr. Martin is a member of the Company’s board of directors and through his control of RCM Indium, LLC, a member of the Manager, Specialty Metals Group Advisors LLC and he and his affiliates are the Company’s largest stockholder(s).
	During 2013, the Company's board of directors approved three cash distributions to stockholders in the aggregate amount of $1.50 per common share (or approximately $12.9 million). Of the $1.50 per share in distributions, approximately $0.13 per common share is considered an ordinary cash dividend for tax purposes. The aggregate cash distributions were recoded against additional paid in capital for accounting purposes. The payment dates were June 26, 2013, September 25, 2013 and December 27, 2013.
	Equity Compensation Plan
	In January 2008, the Company’s board of directors adopted, and the Company’s stockholders approved, the 2008 Equity Incentive Plan (the “Plan”). Under the Plan, the Company may grant incentive stock options, nonqualified stock options, restricted and unrestricted stock awards and other stock-based awards. Pursuant to the Plan, 1,000,000 shares of common stock are reserved for issuance under the Plan. Options are granted with exercise prices equal to or greater than the fair value of the common stock. The terms of the options are approved by the Company’s board of directors or a committee of the board. Options granted to date have vested immediately and expire in five years from the grant date. At December 31, 2013, there were 320,001 options available under the plan for future grants.
	Stock Options
	In 2012, the Company granted 5,000 five-year, fully vested stock options to each of the Company’s three independent directors, exercisable at the market price on the date of grant. There were no stock options granted to directors in 2013. In 2013 and 2012, the Company awarded its CFO five-year fully vested options to acquire 20,000 and 15,000 shares of common stock, respectively, exercisable at the market value at the date of grant. The Company estimated the fair value of the director’s and CFO options using the Black-Scholes-Merton option pricing model. The Company recorded non-cash officers’ and directors’ compensation expense aggregating approximately $6 thousand and $13 thousand for the above stock options during the years ended December 31, 2013 and 2012, respectively.
	Summary stock option information is as follows:
								Weighted
		Aggregate		Aggregate		Exercise Price		Average
		Number		Exercise Price		Range		Exercise Price
	Outstanding, December 31, 2012	659,999	$	3,151,593	$	2.52-7.50	$	4.78
	Granted	20,000		55,850		2.45-3.29	$	2.79
	Exercise	-		-		-		-
	Cancelled or Forfeited	-		-		-		-
	Outstanding, December 31, 2013	679,999	$	3,207,443	$	2.45-7.50	$	4.72
	The weighted average grant date fair value was $0.30 and $0.42 for the years ended December 31, 2013 and 2012, respectively, and the weighted average remaining contractual life is 2.1 years for stock options outstanding at December 31, 2013.  At December 31, 2013 and 2012, there was no intrinsic value as the market value of all options is less than the exercise price for all options.
	Warrants
	As of December 31, 2013, the Company has outstanding warrants exercisable for 6,753,701 shares of the Company’s common stock and 240,000 warrants underlying the UPO which have not yet been exercised, all at an exercise price of $5.75 per share. Such warrants expire on May 4, 2016, except for 240,000 warrants underlying the UPO, which expire on May 4, 2015.
	The warrants contain a call feature that permits the Company to redeem the warrants at a price of $0.01 per warrant at any time after the warrants become exercisable, upon providing at least 30 days advance written notice of redemption, and if, and only if, the last sales price of the Company’s common stock equals or exceeds $8.00 per share for any 20 trading days within a 30-trading-day period ending three business days before the Company sends the notice of redemption. In addition, the Company may not redeem the warrants unless the warrants comprising the units sold in the IPO and the shares of common stock underlying those warrants are covered by an effective registration statement from the beginning of the measurement period through the date scheduled for the redemption. If the foregoing conditions are satisfied and the Company calls the warrants for redemption, each warrant holder shall then be entitled to exercise their warrants prior to the date scheduled for redemption. The redemption provisions for the Company’s warrants have been established at a price that is intended to avail to the warrant holders a premium in the market price as compared to the initial exercise price. There can be no assurance, however, that the price of the common stock will exceed either the redemption price of $8.00 or the warrant exercise price of $5.75 after the Company calls the warrants for redemption.
	As of December 31, 2013, the Company also has outstanding a Unit Purchase Option (“UPO”) to the underwriters or their designees. The UPO allows the underwriters to purchase units (including one share of common stock and one warrant) at an exercise price of $5.50 per unit and expires in May 2015.
	Stock Repurchase Program
	In May 2013, the Company’s board of directors authorized a $3.0 million stock repurchase program. The repurchases may occur from time to time in the open market or in privately negotiated transactions. The timing and amount of any repurchase of shares will be determined by the Manager, based on its evaluation of market conditions, cash on hand, alternative investment opportunities and other factors. The authorization will stay in effect until the December 31, 2014. The program does not obligate the Company to acquire any particular amount of stock and purchases under the program may be commenced or suspended at any time, or from time to time, without prior notice. Further, the stock repurchase program may be modified, extended or terminated by the Board of Directors at any time. The Company repurchased 270,304 and 23,584 shares of its Common Stock and 14,400 and 2,500 warrants under this program through December 31, 2013 and 2012, respectively, at an aggregate cost of $0.7 million and $52 thousand, respectively, which was recorded as treasury stock in the accompanying balance sheet at December 31, 2013 and 2012.

Net_Income_Loss_Per_Share

Net Income (Loss) Per Share	12 Months Ended
	Dec. 31, 2013
Net Income (Loss) Attributable to Parent [Abstract]	'
Earnings Per Share [Text Block]	'
	Note 5 —Net Income (Loss) Per Share
	Per share data is based on the weighted average number of shares of the Company’s common stock during the relevant year. Basic net income (loss) per share is calculated using the weighted average number of outstanding shares of common stock. Diluted net income (loss) per share computations, as calculated under the treasury stock method, include the weighted average number of shares of additional common stock issuable for stock options, warrants and unit purchase options. Diluted net income (loss) per share for all the years presented does not include securities if their effect was anti-dilutive.
		For the Year Ended December 31,
		2013		2012
		(in thousands, except per share amounts)
	Net income (loss)	$	982	$	-3,887
	Basic Net Income (Loss) Per Share
	Weighted average basic common shares outstanding		8,782		8,810
	Basic net income (loss) per share	$	0.11	$	-0.44
	Diluted Net Income (Loss) Per Share
	Weighted average basic common shares outstanding		8,782		8,810
	Dilutive effect of stock options outstanding		29		-
	Weighted average dilutive common shares		8,811		8,810
	Diluted income (loss) per share	$	0.11	$	-0.44
	Stock option and warrant shares excluded from the
	weighted average dilutive common shares because
	the effect would be antidilutive		7,884		7,896

RelatedParty_Transactions

Related-Party Transactions	12 Months Ended
	Dec. 31, 2013
Related Party Transactions [Abstract]	'
Related Party Transactions Disclosure [Text Block]	'
	Note 6 — Related-Party Transactions
	The members of SMG Advisors, and the positions they hold in the Company, are as follows: Ailon Z. Grushkin, Chairman of the Board and President; BRACK Advisors LLC, an entity controlled by Richard A. Biele, Chief Operating Officer; Alan C. Benjamin, Chief Executive Officer; and RCM Indium, LLC, an entity controlled by William C. Martin, Director. SMG Advisors is managed by Ailon Z. Grushkin. The Manager’s financial statements are not consolidated with those of the Company. Pursuant to the MSA, the Manager is responsible for: (i) purchasing, lending, leasing and selling indium, (ii) submitting written reports to the Company’s board of directors detailing the delivery and payment particulars regarding each purchase and sale, (iii) arranging for the storage of indium, (iv) preparing a report on the NMV of the Company’s common stock, (v) preparing any regulatory filing materials or special reports to the Company’s stockholders and board of directors and (vi) managing the general business and affairs of the Company.
	The MSA had an initial term of five years, with options to renew the agreement on terms mutually acceptable to each party and may be terminated by either party upon 90 days prior written notice. The Company is responsible for paying all costs and expenses incurred in connection with the business, except those expressly assumed by the Manager. The Company pays the Manager a fee equal to 2% per annum, payable monthly, based on its NMV. Such Manager fees aggregated approximately $0.6 million during both the years ended December 31, 2013 and 2012. The MSA was amended in December 2013 and, as amended, expires at the end of 2014. However, the MSA may be terminated earlier based on certain conditions or may be renewed on terms mutually acceptable to each party upon 90 days prior written notice. The Manager fee under the amended MSA is fixed at $652 thousand for 2014.
	The Company engaged a relative of one of its officers to perform outsourced secretarial services for the Company at $20 thousand in both 2013 and 2012.
	On January 5, 2012, the Company closed a private placement of an aggregate of 2.0 million shares of its common stock at $3.75 per share to two accredited investors, Raging Capital Fund, L.P. and Raging Capital Fund (QP), L.P., for aggregate net proceeds of $7.5 million. In January 2013, substantially all of the assets of Raging Capital Fund LP and Raging Capital Fund (QP), LP were transferred to Raging Capital Master Fund, Ltd. Raging Capital Management, LLC is the general partner of Raging Capital Master Fund, Ltd. and they are affiliated and controlled by William C. Martin. Mr. Martin is a member of the Company’s board of directors and, through his control of RCM Indium, LLC, a member of the Manager, Specialty Metals Group Advisors LLC and he and his affiliates are the Company’s largest stockholder(s).
	The Company believes that all related-party transactions were made on terms no less favorable to the Company than could have been obtained from unaffiliated parties. The Company will not engage in any transactions with its officers and directors involving purchasing, lending, or selling indium to or from the Company, except pursuant to the terms of the MSA.

Income_Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2013
Income Tax Disclosure [Abstract]	'
Income Tax Disclosure [Text Block]	'
	Note 7 — Income Taxes
	The components of income taxes are as follows, in thousands:
		Year Ended December 31,
		2013		2012
	Current	$	25	$	-
	Deferred		605		-1,523
	Valuation allowance		-605		1,523
	Income tax expense (benefit)	$	25	$	-
	Reconciliation between the benefit for income taxes, computed by applying the statutory federal income tax rate of 34% to net income (loss) before income taxes, and the actual benefit for income taxes follows:
		For the Year Ended December 31,
		2013		2012
	Federal income tax provision at stautory rates	34	%	-34	%
	State income tax net of federal benefit	18.7	%	-5.2	%
	Change in valuation allowance	-50.5	%	39.2	%
	Other	0.3	%	-
	Effective tax rate	2.5	%	0	%
	Components of deferred tax asset are as follows, in thousands:
		December 31,
	Deferred tax assets:	2013			2012
	Net operating tax loss carryforwards		2,701		$	3,331
	Expenses not currently deductible		106			81
	Total		2,807			3,412
	Valuation allowance		-2,807			-3,412
	Net deferred taxes	$	-		$	-
	A valuation allowance is provided when it is more likely than not that some portion or all of the deferred tax assets will not be realized. The valuation allowances for 2013 and 2012 have been applied to offset the deferred tax assets in recognition of the uncertainty that such tax benefits will be realized as the Company continues to incur losses. The differences between book income and tax income relate principally to stock compensation expenses. At December 31, 2013, the Company has available net operating loss carry forwards for federal and state income tax reporting purposes of approximately $7.5 million. The federal and state net operating loss carryforwards begin to expire in 2029. Pursuant to Section 382 of the Internal Revenue Code of 1986, as amended, the annual utilization of a company’s net operating loss may be limited if the Company experiences a change in ownership of more than 50 percentage points within a three-year period. As a result of certain financing equity transactions, the Company may have experienced such ownership changes. Accordingly, the Company’s net operating loss carry forwards available to offset future federal taxable income arising before such ownership changes may be limited.
	At December 31, 2013, the Company did not have any unrecognized tax benefits. All of the Company’s federal and state income tax returns, beginning in 2009, are subject to audit for those tax years.

Accounts_Payable_and_Accrued_E

Accounts Payable and Accrued Expenses	12 Months Ended
	Dec. 31, 2013
Payables and Accruals [Abstract]	'
Accounts Payable and Accrued Liabilities Disclosure [Text Block]	'
	Note 8 — Accounts Payable and Accrued Expenses
	Accounts Payable and accrued expenses consist of the following, in thousands:
		December 31,
		2013		2012
	Accounts payable to Manager-related party	$	150	$	149
	Accrued professional services		49		45
	Franchise tax accrual		36		17
	Other		63		16
		$	298	$	227

Commitments_and_Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 31, 2013
Commitments and Contingencies Disclosure [Abstract]	'
Commitments and Contingencies Disclosure [Text Block]	'
	Note 9 — Commitments and Contingencies
	Management Services Agreement (“MSA”)
	As described in note 6, the Company entered into the MSA, as amended and restated in December 2013, with the Manager, a related party. The MSA, as amended, expires in 2014; however, the MSA may be terminated earlier under certain circumstance and may be extended upon mutual agreement between the parties. The Company is required to pay the Manager a fee of $652 thousand in 2014.
	Compensation
	Effective July 2012, the Company entered into an arrangement with its chief financial officer (“CFO”) that provides for an annual base compensation of $60 thousand to be paid quarterly. Further, the Company is required to grant the CFO quarterly five-year options to acquire 5,000 shares of common stock vesting at the date of grant and exercisable at the market value at the date of grant. In 2013, the compensation committee approved a 2013 bonus of $25 thousand that was paid in January 2014 and approved the CFO’s eligibility for a bonus of $25 thousand in 2014. The compensation committee of the board of directors approved the payment of $10 thousand per year to each of the nonexecutive board members and $1 thousand to such directors for each meeting attended in person. The Company pays a relative of one of its officers to perform outsourced secretarial services for the Company $5 thousand per quarter.
	In 2011, the Company’s board of directors approved a contingent cash bonus award of $0.1 million and a contingent award of 22,000 shares of restricted common stock to the Manager, a related party. The aforementioned award will be granted if the Company completes an additional equity offering raising a minimum of $15 million in one single transaction of cash or a combination of cash and indium metal in lieu of cash. Further, in 2011 the board of directors approved an additional contingent cash bonus award of $0.1 million and a contingent award of 22,000 shares of restricted common stock to the Manager, a related party if the Company can successfully list its common stock on a major exchange.
	Supply Agreement
	In December 2013, the Company entered into a monthly supply agreement where the Company is obligated to sell approximately 78% of the indium stockpile during 2014.

Segment_Information

Segment Information	12 Months Ended
	Dec. 31, 2013
Segment Reporting [Abstract]	'
Segment Reporting Disclosure [Text Block]	'
	Note 10 — Segment Information
	The Company operates in a single-segment business whose primary business purpose was to stockpile indium, a specialty metal that is being used as a raw material in a wide variety of consumer electronics manufacturing applications. Umicore USA Inc., Vital Materials Co., Limited, Indium Corporation of America and Aim Specialty Materials each account for more than 10 % of the Company’s net sales which are mostly international.

Subsequent_Events

Subsequent Events	12 Months Ended
	Dec. 31, 2013
Subsequent Events [Abstract]	'
Subsequent Events [Text Block]	'
	Note 11 — Subsequent Events
	The Company evaluates events that have occurred after the balance sheet date but before the financial statements are issued. Based upon the evaluation, the Company did not identify any recognized or unrecognized subsequent events that have required adjustment or disclosure in the financial statements except as disclosed below:
	In January 2014, the counterparty to the USPA elected to buy from the Company all of the indium covered by the USPA and the lessee under an indium lease agreement elected to purchase half of the indium covered under the lease. In both cases, it was a negotiated transaction based on the current indium spot prices. Accordingly, the approximate $1.0 million liability in the balance sheet at December 31, 2013 for the repurchase of the indium under the USPA will be reversed and a sale will be recorded in January 2014.

Summary_of_Significant_Account1

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2013
Accounting Policies [Abstract]	'
Use of Estimates	'
	Use of Estimates
	The preparation of the financial statements and related disclosure in conformity with U.S. GAAP requires management to make estimates and assumptions that affect reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statement and the reported amounts of revenue and expenses during the reporting period. The most significant estimates relate to the valuation of indium inventory, share-based compensation, income tax, and revenue recognition. Actual results could differ from those estimates.
Cash and Cash Equivalents	'
	Cash and Cash Equivalents
	The Company considers all highly liquid instruments with original maturities of 90 days or less at the time of purchase to be cash equivalents.
Inventory of the Metal Indium	'
	Inventory of the Metal Indium
	The Company’s inventory or “stockpile” of the metal indium is recorded at cost, including all associated costs of delivering the indium to the bonded storage warehouse on the date the Company takes delivery of the physical metal. Cost is determined using the specific-identification method. The stockpile of the physical metal indium and the related repurchase right were classified as noncurrent through December 31, 2012 as the Company’s primary business purpose was to stockpile indium with the objective of achieving long-term appreciation in the value of indium, if any. At December 31, 2013, the entire indium stockpile was reclassified to current assets due to the fact that during the next twelve months The Company intends to sell up to 100% of the indium stockpile to satisfy our cash requirements for our corporate initiatives based on prevailing market conditions.
	The stockpile of the physical metal indium is carried at the lower of cost or market with cost being determined on a specific-identification method and market being determined as the net realizable value based on the spot prices obtained from Metal Bulletin as posted on Bloomberg L.P., a real-time financial information services data platform. The Company charges against earnings an inventory write-down on an interim basis for the amount by which the spot price of indium is less than cost on a specific-identification basis. Increases or decreases in the spot price of the same lots of indium held in inventory in later interim periods within the fiscal year are recognized in such interim periods. Increases in value recognized on an interim basis do not exceed the previously recognized diminution in value within that fiscal year. Further, the Company periodically reviews the indium stockpile to determine if a loss should be recognized where the utility of indium has been impaired on an other-than-temporary basis. Where such impairment is viewed as other-than-temporary, the Company will charge against earnings the amount by which the fair value is less than the cost. At December 31, 2012, certain lots of indium in inventory were adjusted to reflect a lower of cost or market write-down aggregating approximately $5.9 million, based on the spot price of indium of $485 per kilogram at December 31, 2012. There was no write down of inventory in 2013 as the spot price of indium of $675 per kilogram at December 31, 2013 was higher than $485 per kilogram. The aggregate write down against inventory at December 31, 2013 was approximately 4.0 million. The reduction in the aggregate write-down against indium inventory at December 31, 2013 was due to the sale of certain lots of inventory in 2013.
Basic and Diluted Net Income (Loss) per Share	'
	Basic and Diluted Earnings (Loss) per Share
	The Company presents both basic and diluted earnings (loss) per share (“EPS”) on the face of the statement of operations. Basic EPS is computed by dividing net income (loss) by the weighted average number of common shares outstanding during the period. Diluted EPS gives effect to all potentially dilutive common shares outstanding during the period including stock options and warrants, using the treasury-stock method. If anti-dilutive, the effect of potentially dilutive common shares is ignored. In computing diluted EPS, the average stock price for the period is used in determining the number of shares assumed to be purchased from the exercise of stock option or warrants. For the year ended December 31, 2013, potential shares of common stock that resulted from the assumed exercise of outstanding stock options, with exercise prices less than the average market price of the Company’s common stock for the period, were calculated using the treasury stock method. All other potentially issuable shares of common stock have been excluded from the calculation because their effect would be anti-dilutive. For the year ended December 31, 2012, all potentially issuable shares from outstanding options, warrants and unit purchase options have been excluded from the computation of the diluted EPS since the effect would be anti-dilutive.
Accounting for Direct Sales, Lending and Leasing Transactions	'
	Accounting for Direct Sales, Lease and Lending Transactions
	The stockpile of indium may be used for “direct sales”, “lease” and/or “lending” transactions. Under a “direct sale” transaction, the Company records revenue when there is pervasive evidence that an arrangement exists, delivery has occurred, the price is fixed or determinable and collectibility is reasonably assured. Cost of sales is recorded for the indium carrying value based on specific-identification method. Allowances, if any, are recorded based on management’s best estimate for uncollectible accounts. There is no right of return. Approximately 95% of our direct sales are sold outside the United States primarily in Asia.
	Under indium “lending” transactions, the Company would exchange a specified tonnage and purity of indium for cash. Title and the risks and rewards of such indium ownership would pass to the purchaser/counterparty in the lending transaction. The Company would simultaneously enter into an agreement with such counterparty in which it would unconditionally commit to purchase and the counterparty would unconditionally commit to sell a specified tonnage and purity of indium that would be delivered to the Company at a fixed price and at a fixed future date in exchange for cash (the Unconditional Sale and Purchase Agreement or “USPA”). The USPA would also contain terms providing the counterparty with disincentives (“penalty fees”) for nonperformance of the return of indium to the Company as a means to assure its future supply of indium. While the Company believes that this risk would be mitigated by the penalty fee features of the USPA, it is nonetheless a risk associated with a transaction of this type. The Company accounts for any USPA transaction on a combined basis (sale and purchase) and evaluates whether, and in what period, other income may be recognized based on the specific terms of any arrangements. The Company discloses unconditional purchase obligations under these arrangements and, if applicable, will accrue net losses on such unconditional purchase obligations. Further, the cost of inventory-indium under an open USPA is reported as “indium repurchase obligation” in the accompanying balance sheet at December 31, 2013. In certain circumstances, we may sell indium to the counterparty in a USPA at a negotiated price.
	Income arising from leasing transactions is reported as other income. Indium “lease” transactions are generally for a period of less than one year. Under the lease, a specified amount of indium is leased to the customer for a period of time. At the end of the lease, the lessee is obligated to return the equivalent quantity and purity of the indium that was delivered to the lessee at the beginning of the lease. The monthly rental income is recorded as other income over the term of the lease. In certain circumstances, we may sell indium to the lessee in at a negotiated price.
Income Taxes	'
	Income Taxes
	Income taxes are accounted under the asset-and-liability method. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to the differences between the financial statement carrying amounts of existing assets and liabilities and the respective tax bases and operating loss and tax credit carryforwards. 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. The portion of any deferred tax asset for which it is more likely than not that a tax benefit will not be realized must then be offset by recording a valuation allowance. A valuation allowance has been established against all of the deferred tax assets, as it is more likely than not that these assets will not be realized given the Company’s history of operating losses and due to the fact that there is uncertainty that these assets will be realized due to the fact they we cannot predict at what prices we will be able to liquidate our indium stockpile in future years. The Company recognizes the effect of income tax positions only if those positions are more likely than not of being sustained. Recognized income tax positions are measured at the largest amount that is greater than 50% likely of being realized. Changes in recognition or measurement are reflected in the period in which the change in judgment occurs. The Company recognizes potential interest and penalties related to income tax positions as a component of the provision for income taxes on the statements of operations in any future periods in which the Company must record a liability.
Share-Based Payment Arrangements	'
	Share-Based Payment Arrangements
	The Company measures the cost of employee services received in exchange for an award of equity instruments (share-based payments or “SBP”) based on the grant-date fair value of the award. That cost is recognized over the period during which an employee is required to provide service in exchange for the SBP award—the requisite service period (vesting period). For SBP awards subject to conditions, compensation is not recognized until the performance condition is probable of occurrence. The grant-date fair value of share options is estimated using the Black-Scholes-Merton option pricing model. Compensation expense for SBP awards granted to nonemployees is remeasured each period as the underlying options vest. The Company recorded non-cash charges for SBP of approximately $6 thousand and $13 thousand for the years ended December 31, 2013 and 2012, respectively. The fair value of each option granted during 2013 and 2012 was estimated on the date of grant using the Black-Scholes-Merton option pricing model with the weighted average assumptions in the following table:
		Year Ended December 31,
		2013		2012
	Expected dividend yield	0	%	0	%
	Expected option term (years)	5		5
	Expected volatility	11	%	15	%
	Risk-free interest rate	0.75-1.41	%	0.62-1.02	%
	The weighted average fair value at the date of grant for options granted during the years ended December 31, 2013 and 2012 was $0.30 and $0.42, respectively, per share. The expected term of options granted represents the period of time that options granted are expected to be outstanding. Because of the Company’s limited history of trading volume, the expected volatility was calculated based on the five-year volatility of indium. The assumed discount rate was the default risk-free interest rate provided by Bloomberg L.P.
Common Stock Purchase Contracts	'
	Common Stock Purchase Contracts
	The Company classifies as equity any common stock purchase contracts that: (i) require physical settlement or net-share settlement or give the Company a choice of net-cash settlement or settlement in its own shares (physical settlement or net-share settlement) and (ii) are indexed to the Company’s common stock. The Company classifies as assets or liabilities any common stock purchase contracts that: (i) require net-cash settlement (including a requirement to net-cash settle the contract if an event occurs and that event is outside the control of the Company), (ii) give the counterparty a choice of net-cash settlement or settlement in shares (physical settlement or net-share settlement), or (iii) are not indexed to the Company’s common stock. The Company assesses classification of its equity-classified contracts at each reporting date to determine whether a change in classification between assets and liabilities is required. The Company’s outstanding common stock purchase contracts were accounted for as equity through December 31, 2013.
Concentration of Credit and Market Risk	'
	Concentration of Credit Risk
	The Company maintains cash deposits with banks that at times exceed applicable Federal Deposit Insurance Corporation limits. The Company reduces its exposure to credit risk by maintaining such deposits with high-quality financial institutions. The Company has not experienced any losses in such accounts. At December 31, 2013, the Company had cash on deposit of approximately $1.8 million in excess of federally insured limits of $0.3 million.
	The Company grants credit, without collateral, to specialty metals companies creating a credit risk with third parties that it sells, lends or leases indium. The Company seeks to reduce its credit risk by reviewing the third party’s credit portfolio, and, when deemed necessary obtains third party guarantees. To reduce its market risks for changes in the price of indium, the USPA and lease agreements contain terms providing the third-party with disincentives (“penalty fees”) for nonperformance of the return of indium to the Company.
Fair Value	'
	Fair Value
	The Company utilizes valuation techniques that maximize the use of observable inputs and minimize the use of unobservable inputs to the extent possible. The Company determines fair value based on assumptions that market participants would use in pricing an asset or liability in the principal or most advantageous market. For cash and cash equivalents, accounts payable and accrued expenses and other current liabilities, and prepaid expenses and other current assets, the carrying amount approximated the fair value because of the immediate or short-term nature of those instruments. For inventory, the carrying amount is based on lower of cost or market calculated on a specific-identification method with market being determined by the spot price of indium published by Metal Bulletin as posted on Bloomberg L.P. (a Level 2 fair value measurement).
Reclassifications	'
	Reclassification
	Certain prior year amounts have been reclassified to conform to the current classification.
Recently Issued Accounting Pronouncements	'
	Recently Issued Accounting Pronouncements
	In July 2013, the FASB issued Accounting Standard Update (“ASU”) 2013-11, “Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carry-forward, a Similar Tax Loss, or a Tax Credit Carry-forward Exists.” This ASU will eliminate the diversity in practice in presentation of unrecognized tax benefits when a net operating loss carry-forward, a similar tax loss, or a tax credit carry-forward exists at the reporting date. This new guidance requires the netting of unrecognized tax benefits against a deferred tax asset for a loss or other carry-forward that would apply in settlement of the uncertain tax positions. Under the new guidance, unrecognized tax benefits will be netted against all available same-jurisdiction loss or other tax carry-forward that would be utilized, rather than only against carryforwards that are created by the unrecognized tax benefits. This guidance is effective prospectively, but allows optional retrospective adoption (for all periods presented), for reporting periods beginning after December 15, 2013. As this guidance relates to presentation only, the adoption of this guidance will not impact our financial position or results of operations.
	The FASB recently issued ASU “Presentation of Financial Statements (Topic 205) Liquidation Basis of Accounting” (ASU 2013-07) that requires an entity to prepare its financial statements using the liquidation basis of accounting when liquidation is imminent, as defined in ASU 2013-7. ASU 2013-7’s objective is to eliminate diverse practices by providing guidance about when and how to apply the model. The guidance applies to all entities except for investment companies regulated under the Investment Company Act of 1940. Since there is no imminent plan to liquidate the Company, this ASU does not apply.

Summary_of_Significant_Account2

Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2013
Accounting Policies [Abstract]	'
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]	'
	The fair value of each option granted during 2013 and 2012 was estimated on the date of grant using the Black-Scholes-Merton option pricing model with the weighted average assumptions in the following table:
		Year Ended December 31,
		2013		2012
	Expected dividend yield	0	%	0	%
	Expected option term (years)	5		5
	Expected volatility	11	%	15	%
	Risk-free interest rate	0.75-1.41	%	0.62-1.02	%

Stockholders_Equity_Tables

Stockholders' Equity (Tables)	12 Months Ended
	Dec. 31, 2013
Stockholders' Equity Note [Abstract]	'
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]	'
	Summary stock option information is as follows:
								Weighted
		Aggregate		Aggregate		Exercise Price		Average
		Number		Exercise Price		Range		Exercise Price
	Outstanding, December 31, 2012	659,999	$	3,151,593	$	2.52-7.50	$	4.78
	Granted	20,000		55,850		2.45-3.29	$	2.79
	Exercise	-		-		-		-
	Cancelled or Forfeited	-		-		-		-
	Outstanding, December 31, 2013	679,999	$	3,207,443	$	2.45-7.50	$	4.72

Net_Income_Loss_Per_Share_Tabl

Net Income (Loss) Per Share (Tables)	12 Months Ended
	Dec. 31, 2013
Net Income (Loss) Attributable to Parent [Abstract]	'
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	'
	Diluted net income (loss) per share for all the years presented does not include securities if their effect was anti-dilutive.
		For the Year Ended December 31,
		2013		2012
		(in thousands, except per share amounts)
	Net income (loss)	$	982	$	-3,887
	Basic Net Income (Loss) Per Share
	Weighted average basic common shares outstanding		8,782		8,810
	Basic net income (loss) per share	$	0.11	$	-0.44
	Diluted Net Income (Loss) Per Share
	Weighted average basic common shares outstanding		8,782		8,810
	Dilutive effect of stock options outstanding		29		-
	Weighted average dilutive common shares		8,811		8,810
	Diluted income (loss) per share	$	0.11	$	-0.44
	Stock option and warrant shares excluded from the
	weighted average dilutive common shares because
	the effect would be antidilutive		7,884		7,896

Income_Taxes_Tables

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2013
Income Tax Disclosure [Abstract]	'
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]	'
	The components of income taxes are as follows, in thousands:
		Year Ended December 31,
		2013		2012
	Current	$	25	$	-
	Deferred		605		-1,523
	Valuation allowance		-605		1,523
	Income tax expense (benefit)	$	25	$	-
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]	'
	Reconciliation between the benefit for income taxes, computed by applying the statutory federal income tax rate of 34% to net income (loss) before income taxes, and the actual benefit for income taxes follows:
		For the Year Ended December 31,
		2013		2012
	Federal income tax provision at stautory rates	34	%	-34	%
	State income tax net of federal benefit	18.7	%	-5.2	%
	Change in valuation allowance	-50.5	%	39.2	%
	Other	0.3	%	-
	Effective tax rate	2.5	%	0	%
Schedule of Deferred Tax Assets and Liabilities [Table Text Block]	'
	Components of deferred tax asset are as follows, in thousands:
		December 31,
	Deferred tax assets:	2013			2012
	Net operating tax loss carryforwards		2,701		$	3,331
	Expenses not currently deductible		106			81
	Total		2,807			3,412
	Valuation allowance		-2,807			-3,412
	Net deferred taxes	$	-		$	-

Accounts_Payable_and_Accrued_E1

Accounts Payable and Accrued Expenses (Tables)	12 Months Ended
	Dec. 31, 2013
Payables and Accruals [Abstract]	'
Schedule of Accounts Payable and Accrued Liabilities [Table Text Block]	'
	Accounts Payable and accrued expenses consist of the following, in thousands:
		December 31,
		2013		2012
	Accounts payable to Manager-related party	$	150	$	149
	Accrued professional services		49		45
	Franchise tax accrual		36		17
	Other		63		16
		$	298	$	227

Organization_and_Nature_of_Bus1

Organization and Nature of Business (Details Textual) (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
Organization And Nature Of Business [Line Items]	'	'
Related Party Fee Percentage On Net Market Value	2.00%	2.00%
Net Market Value	$22,200,000	$28,800,000
Excess Of Spot Price Over Historical Value	6,100,000	100,000
Related Party Fee Fixed Amount	652,000	'
Subsequent Event [Member]	'	'
Organization And Nature Of Business [Line Items]	'	'
Related Party Fee Fixed Amount	$652,000	'

Summary_of_Significant_Account3

Summary of Significant Accounting Policies (Details)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
Summary Of Significant Accounting Policies [Line Items]	'	'
Expected dividend yield	0.00%	0.00%
Expected option term (years)	'5 years	'5 years
Expected volatility	11.00%	15.00%
Maximum [Member]	'	'
Summary Of Significant Accounting Policies [Line Items]	'	'
Risk-free interest rate	1.41%	1.02%
Minimum [Member]	'	'
Summary Of Significant Accounting Policies [Line Items]	'	'
Risk-free interest rate	0.75%	0.62%

Summary_of_Significant_Account4

Summary of Significant Accounting Policies (Details Textual) (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
	kg	kg
Summary Of Significant Accounting Policies [Line Items]	'	'
Write-downs of inventory - indium	$4,000,000	$5,900,000
Spot Price of Indium Inventory (in price per kilogram)	675	485
Share Based Payment Expense	6,000	13,000
Share Based Compensation Arrangement By Share-based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value (in dollars per share)	$0.30	$0.42
Measurement Of Recognized Income Tax Position Description	'Recognized income tax positions are measured at the largest amount that is greater than 50% likely of being realized.	'
Fair Value, Concentration of Risk, Cash and Cash Equivalents	1.8	'
Cash, FDIC Insured Amount	$300,000	'
Percentage Of Indium Sell	100.00%	'

Indium_USPA_and_Lease_Transact1

Indium USPA and Lease Transactions (Details Textual) (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
Indium UPA and Lease Transactions [Line Items]	'	'
Inventory Repurchase Right	$943,573	$0
Proceeds From Sale Of Indium Under Unconditional Sale And Purchase Agreement	1,000,000	'
Unconditional Obligation To Buyback Indium	1,001,474	0
Other Income	141,501	38,890
Leased Indium [Member]	'	'
Indium UPA and Lease Transactions [Line Items]	'	'
Inventory Adjustments, Total	$2,400,000	'

Stockholders_Equity_Details

Stockholders' Equity (Details) (USD $)	12 Months Ended
	Dec. 31, 2013
Schedule of Capitalization, Equity [Line Items]	'
Outstanding - Aggregate Number - Beginning Balance	659,999
Granted - Aggregate Number	20,000
Exercise - Aggregate Number	0
Cancelled or Forfeited or Expired - Aggregate Number	0
Outstanding - Aggregate Number - Ending Balance	679,999
Outstanding - Aggregate Exercise Price - Beginning Balance	$3,151,593
Granted - Aggregate Exercise Price	55,850
Exercise - Aggregate Exercise Price	0
Cancelled or Forfeited - Aggregate Exercise Price	0
Outstanding - Aggregate Exercise Price - Ending Balance	$3,207,443
Exercise - Exercise Price Range	$0
Cancelled or Forfeited - Exercise Price Range	$0
Outstanding - Weighted Average Exercise Price - Beginning Balance	$4.78
Granted - Weighted Average Exercise Price	$2.79
Exercise - Weighted Average Exercise Price	$0
Cancelled or Forfeited- Weighted Average Exercise Price	$0
Outstanding - Weighted Average Exercise Price - Ending Balance	$4.72
Maximum [Member]	'
Schedule of Capitalization, Equity [Line Items]	'
Outstanding - Exercise Price Range - Maximum - Beginning balance	$7.50
Granted - Exercise Price Range - Maximum	$3.29
Outstanding - Exercise Price Range - Maximum - Ending balance	$7.50
Minimum [Member]	'
Schedule of Capitalization, Equity [Line Items]	'
Outstanding - Exercise Price Range - Minimum - Beginning balance	$2.52
Granted - Exercise Price Range - Minimum	$2.45
Outstanding - Exercise Price Range - Minimum - Ending balance	$2.45

Stockholders_Equity_Details_Te

Stockholders' Equity (Details Textual) (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Schedule of Capitalization, Equity [Line Items]	'	'	'
Proceeds from private placement of common stock, net (in dollars)	'	$7,500,000	'
Stock Units Issued During Period Shares, Private Placement	'	2,000,000	'
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value (in dollars per share)	$0.30	$0.42	'
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Weighted Average Remaining Contractual Term	'2 years 1 month 6 days	'	'
Class of Warrant or Right, Outstanding	6,753,701	'	'
Unit Purchase Option Units Issued For Underwriter	240,000	'	'
Description Of Warrants Terms For Redemption	'The warrants contain a call feature that permits the Company to redeem the warrants at a price of $0.01 per warrant at any time after the warrants become exercisable, upon providing at least 30 days advance written notice of redemption, and if, and only if, the last sales price of the Companys common stock equals or exceeds $8.00 per share for any 20 trading days within a 30-trading-day period ending three business days before the Company sends the notice of redemption. In addition, the Company may not redeem the warrants unless the warrants comprising the units sold in the IPO and the shares of common stock underlying those warrants are covered by an effective registration statement from the beginning of the measurement period through the date scheduled for the redemption. If the foregoing conditions are satisfied and the Company calls the warrants for redemption, each warrant holder shall then be entitled to exercise their warrants prior to the date scheduled for redemption. The redemption provisions for the Companys warrants have been established at a price that is intended to avail to the warrant holders a premium in the market price as compared to the initial exercise price. There can be no assurance, however, that the price of the common stock will exceed either the redemption price of $8.00 or the warrant exercise price of $5.75 after the Company calls the warrants for redemption.	'	'
Stock Repurchase Program, Authorized Amount (in dollars)	3,000,000	'	'
Treasury Stock, Shares, Acquired	246,720	23,584	'
Class of Warrant or Right, Exercise Price of Warrants or Rights	5.75	'	'
Preferred Stock, Shares Authorized	1,000,000	1,000,000	'
Common Stock, Shares Authorized	25,000,000	25,000,000	40,000,000
Share Based Compensation Arrangement By Share Based Payment Award Options Agreed To Grant	320,001	'	'
Share-Based Compensation	5,900	12,550	'
Treasury Stock, Value	721,511	52,284	'
Dividends Paid Amount Per Share	1.50%	'	'
Cash Distributions To Stockholders Amount	12,900,000	'	'
Oridinary Dividends Paid Amount Per Share	0.13%	'	'
Redemption Price Per Share	$8	'	'
Equity Incentive Plan 2008 [Member]	'	'	'
Schedule of Capitalization, Equity [Line Items]	'	'	'
Common Stock, Capital Shares Reserved for Future Issuance	'	1,000,000	'
Chief Financial Officer [Member]	'	'	'
Schedule of Capitalization, Equity [Line Items]	'	'	'
Share Based Compensation Arrangement By Share Based Payment Award Options Agreed To Grant	20,000	15,000	'
Manager [Member]	'	'	'
Schedule of Capitalization, Equity [Line Items]	'	'	'
Share-Based Compensation	$6,000	$13,000	'
Three Independent Directors [Member]	'	'	'
Schedule of Capitalization, Equity [Line Items]	'	'	'
Share Based Compensation Arrangement By Share Based Payment Award Options Agreed To Grant	'	5,000	'
Warrant [Member]	'	'	'
Schedule of Capitalization, Equity [Line Items]	'	'	'
Treasury Stock, Shares, Acquired	14,400	2,500	'
Class of Warrant or Right, Exercise Price of Warrants or Rights	5.5	'	'
Common Stock [Member]	'	'	'
Schedule of Capitalization, Equity [Line Items]	'	'	'
Treasury Stock, Shares, Acquired	270,304	23,584	'
Private Placement [Member]	'	'	'
Schedule of Capitalization, Equity [Line Items]	'	'	'
Common Stock Price Per Share	'	$3.75	'

Net_Income_Loss_Per_Share_Deta

Net Income (Loss) Per Share (Details) (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
Net IncomeLoss Per Share [Line Items]	'	'
Net income (loss)	$982,022	($3,886,663)
Basic Net Income (Loss) Per Share	'	'
Weighted average basic common shares outstanding	8,781,501	8,810,035
Basic net income (loss) per share	$0.11	($0.44)
Diluted Net Income (Loss) per Share	'	'
Weighted average basic common shares outstanding	8,782,000	8,810,000
Dilutive effect of stock options outstanding	29,000	0
Weighted average dilutive common shares	8,811,000	8,810,000
Diluted income (loss) per share	$0.11	($0.44)
Stock option and warrant shares excluded from the weighted average dilutive common shares because the effect would be antidilutive	7,884,000	7,896,000

RelatedParty_Transactions_Deta

Related-Party Transactions (Details Textual) (USD $)	3 Months Ended	12 Months Ended
Share data in Millions, except Per Share data, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2013	Dec. 31, 2012
Related Party Transaction [Line Items]	'	'	'
Manager fee (in dollars)	'	$600,000	$600,000
Stock Units Issued During Period Shares, Private Placement	'	'	2
Price Per Share In Private Placement	'	'	$3.75
Proceeds from private placement of common stock, net (in dollars)	'	'	7,500,000
Amount Paid To Relative Of Officer For Secretarial Service	5,000	'	20,000
Related Party Fee Fixed Amount	'	652,000	'
Subsequent Event [Member]	'	'	'
Related Party Transaction [Line Items]	'	'	'
Related Party Fee Fixed Amount	'	$652,000	'

Income_Taxes_Details

Income Taxes (Details) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012
Income Taxes [Line Items]	'	'
Current	$25	$0
Deferred	605	-1,523
Valuation allowance	-605	1,523
Income Tax Expense (Benefit)	$25	$0

Income_Taxes_Details_1

Income Taxes (Details 1)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
Income Taxes [Line Items]	'	'
Federal income tax provision at statutory rates	34.00%	-34.00%
State income tax net of federal benefit	18.70%	-5.20%
Change in valuation allowance	-50.50%	39.20%
Other	0.30%	0.00%
Effective tax rate	2.50%	0.00%

Income_Taxes_Details_2

Income Taxes (Details 2) (USD $)	Dec. 31, 2013	Dec. 31, 2012
In Thousands, unless otherwise specified
Income Taxes [Line Items]	'	'
Net operating tax loss carryforwards	$2,701	$3,331
Expenses not currently deductible	106	81
Total	2,807	3,412
Valuation allowance	-2,807	-3,412
Net deferred taxes	$0	$0

Income_Taxes_Details_Textual

Income Taxes (Details Textual) (USD $)	Dec. 31, 2013
In Millions, unless otherwise specified
Income Taxes [Line Items]	'
Operating Loss Carry forward Federal And State	$7.50

Accounts_Payable_and_Accrued_E2

Accounts Payable and Accrued Expenses (Details) (USD $)	Dec. 31, 2013	Dec. 31, 2012
Accounts Payable And Accured Expenses [Line Items]	'	'
Accounts payable to Manager-related party	$150,000	$149,000
Accrued Professional Fees	49,000	45,000
Accrual Franchise Tax	36,000	17,000
Other	63,000	16,000
Accounts Payable and Accrued Liabilities, Current, Total	$298,314	$226,991

Commitments_and_Contingencies_

Commitments and Contingencies (Details Textual) (USD $)	3 Months Ended	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2011	Dec. 31, 2013	Dec. 31, 2013
				Criteria One [Member]	Criteria Two [Member]	Supply Agreement [Member]	Subsequent Event [Member]
Loss Contingencies [Line Items]	'	'	'	'	'	'	'
Annual Base Compensation Payable To Chief Financial Officer, Quarterly Compensation, Amount	'	$60,000	'	'	'	'	'
Quarterly Base Compensation Payable To Chief Financial Officer Options To Be Granted Maximum Number (in shares)	5,000	'	'	'	'	'	'
Compensation Payable To Non Executive Board Member Annual Compensation Amount	'	10,000	'	'	'	'	'
Compensation Payable To Non Executive Board Member For Each Meeting Attended In Person, Amount	'	1,000	'	'	'	'	'
Deferred Compensation Arrangement With Individual Awards Granted Restricted Common Stock Issuable Number (in shares)	'	'	'	22,000	22,000	'	'
Contingent Cash Bonus Awards, Criteria One, Minimum Amount Of Additional Equity Offering Proceeds	'	15,000,000	'	'	'	'	'
Deferred Compensation Arrangement with Individual, Cash Award Granted, Amount	'	'	'	100,000	100,000	'	'
Amount Paid To Relative Of Officer For Secretarial Service	5,000	'	20,000	'	'	'	'
Related Party Fee Fixed Amount	'	652,000	'	'	'	'	652,000
Annual Bonus Compensation Payable	'	25,000	'	'	'	'	'
Annual Bonus Compensation Eligible Chief Finance Officer	'	$25,000	'	'	'	'	'
Percentage Of Indium Sell	'	100.00%	'	'	'	78.00%	'

Segment_Information_Details_Te

Segment Information (Details Textual)	12 Months Ended
	Dec. 31, 2013
Major Customers Accounted Percentage of Sales	10.00%

Subsequent_Events_Details_Texu

Subsequent Events (Details Texual) (USD $)	Dec. 31, 2013
In Millions, unless otherwise specified
Subsequent Event [Line Items]	'
Repurchase Of Indium	$1