SMG Industries (SMGI) 10-K 27 Mar 15 2014 FY Annual report Financial data

Document_And_Entity_Informatio

Document And Entity Information (USD $)	12 Months Ended
	Dec. 31, 2014	Mar. 27, 2015	Jun. 30, 2014
Document Information [Line Items]
Entity Registrant Name	SMG Indium Resources Ltd.
Entity Central Index Key	1426506
Current Fiscal Year End Date	-19
Entity Filer Category	Smaller Reporting Company
Trading Symbol	SMGI
Entity Common Stock, Shares Outstanding		1,883,639
Document Type	10-K
Amendment Flag	FALSE
Document Period End Date	31-Dec-14
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2014
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Public Float			$8,834,616

BALANCE_SHEETS

BALANCE SHEETS (USD $)	Dec. 31, 2014	Dec. 31, 2013
Current Assets:
Cash and cash equivalents	$4,797,122	$2,090,295
Inventory repurchase right	0	943,573
Inventory - indium	0	14,318,244
Prepaid expenses and other current assets	25,616	33,932
Total Assets	4,822,738	17,386,044
Current Liabilities:
Accounts payable and accrued expenses, including Manager - related-party fee of $0 and $150,131 at December 31, 2014 and December 31, 2013, respectively	189,258	298,314
Unconditional sale and purchase agreement repurchase obligation	0	1,001,474
Deferred income	0	22,718
Total Liabilities	189,258	1,322,506
Commitments and Contingencies
Stockholders' Equity:
Preferred stock - $0.001 par value: authorized 1,000,000 shares at December 31, 2014 and December 31, 2013; issued and outstanding none at December 31, 2014 and December 31, 2013	0	0
Common stock - $0.001 par value: authorized 25,000,000 shares at December 31, 2014 and December 31, 2013; issued 1,883,639 and 8,832,301 shares at December 31, 2014 and December 31, 2013, respectively; outstanding 1,883,639 and 8,561,997 shares at December 31, 2014 and December 31, 2013, repectively	1,884	8,833
Additional paid-in capital	10,318,409	27,221,563
Accumulated deficit	-5,686,813	-10,445,347
Less treasury stock at cost: 0 and 270,304 shares at December 31, 2014 and 2013, respectively	0	-721,511
Total Stockholders' Equity	4,633,480	16,063,538
Total Liabilities and Stockholders' Equity	$4,822,738	$17,386,044

BALANCE_SHEETS_Parenthetical

BALANCE SHEETS [Parenthetical] (USD $)	Dec. 31, 2014	Dec. 31, 2013
Manager - related party fee (in dollars)	$0	$150,131
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	1,883,639	8,832,301
Common stock, shares outstanding	1,883,639	8,561,997
Treasury Stock, Shares	0	270,304

STATEMENTS_OF_OPERATIONS

STATEMENTS OF OPERATIONS (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Net sales	$21,083,763	$9,505,044
Cost of sales	15,261,816	7,420,792
Gross profit	5,821,947	2,084,252
Operating costs:
Operating expenses - Manager - related party	651,565	626,565
Other selling, general and administrative expenses	400,030	607,048
Total operating costs	1,051,595	1,233,613
Operating income	4,770,352	850,639
Other income:
Interest income	18,165	14,882
Other income	60,017	141,501
Net income before income taxes	4,848,534	1,007,022
Income tax expense	-90,000	-25,000
Net income	$4,758,534	$982,022
Net Income Per Share
Basic (in dollars per share)	$0.59	$0.11
Diluted (in dollars per share)	$0.59	$0.11
Weighted Average Number of Shares Outstanding
Basic (in shares)	8,013,091	8,781,501
Diluted (in shares)	8,013,926	8,811,016

STATEMENTS_OF_CHANGES_IN_STOCK

STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (USD $)	Total	Common Stock [Member]	Additional Paid-in Capital [Member]	Accumulated Deficit [Member]	Treasury Stock [Member]
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
Award 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	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
Common shares repurchased in Tender Offer	-16,193,792	-6,678	-16,187,114	0	0
Common shares repurchased in Tender Offer (in shares)		-6,678,358
Treasury shares retired	0	-271	-721,240	0	721,511
Treasury shares retired (in shares)		-270,304
Award of stock options to an officer	5,200	0	5,200	0	0
Net income	4,758,534	0	0	4,758,534	0
Balance at Dec. 31, 2014	$4,633,480	$1,884	$10,318,409	($5,686,813)	$0
Balance (in shares) at Dec. 31, 2014		1,883,639

STATEMENTS_OF_CHANGES_IN_STOCK1

STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY [Parenthetical]	12 Months Ended
	Dec. 31, 2013
Treasury Stock, Shares, Acquired	246,720

STATEMENTS_OF_CASH_FLOWS

STATEMENTS OF CASH FLOWS (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Cash flows from operating activities:
Net income	$4,758,534	$982,022
Adjustments to reconcile net income to net cash provided by operating activities:
Share-based compensation	5,200	5,900
Depreciation	0	597
Changes in operating assets and liabilities:
Decrease (increase) in prepaid expenses and other current assets	8,316	-4,158
Decrease in inventory - indium	14,318,244	7,418,941
Decrease in inventory repurchase right	943,573	0
(Decrease) increase in accounts payable and accrued expenses	-109,056	71,323
(Decrease) increase in unconditional sale and purchase agreement repurchase obligation	-1,001,474	1,001,474
(Decrease) increase in deferred income	-22,718	22,718
Net cash provided by operating activities	18,900,619	9,498,817
Cash flows from financing activity:
Purchase of common shares in Tender Offer, including expenses of the offer	-16,193,792	0
Purchase of treasury shares	0	-669,227
Cash distributions to stockholders	0	-12,891,065
Net cash used in financing activity	-16,193,792	-13,560,292
Net increase (decrease) in cash and cash equivalents	2,706,827	-4,061,475
Cash and cash equivalents, at beginning of year	2,090,295	6,151,770
Cash and cash equivalents, at end of year	4,797,122	2,090,295
Supplemental cash flow disclosure - cash paid for income taxes	$31,623	$20,448

Organization_and_Nature_of_Bus

Organization and Nature of Business	12 Months Ended
	Dec. 31, 2014
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. Since inception, the Company operated in a single-segment business whose primary business purpose was 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.
	From time to time, the Company 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. The Company currently does not anticipate purchasing any additional indium. As of December 31, 2014, the Company sold all of the indium held in its stockpile. As a result, the Company will no longer be in the business of purchasing and selling indium. The Company’s board of directors has begun evaluating strategic options including the acquisition of a new line of business or the sale or full liquidation of the Company. However, there can be no assurance that the Company will enter into any such transaction, and if so, on terms favorable.
	In December 2014, the Company purchased 6,678,358 shares of the Company’s common stock (representing 78% of its outstanding shares) in a Tender Offer (the Offer) for an aggregate purchase price of approximately $16.1 million or $2.41 per share. Shares not purchased in the Offer because of proration or conditional tenders were returned to the tendering stockholders. There are 1,883,639 shares of common stock outstanding after the Offer and, at December 31, 2014, the Company has $4.8 million in cash and cash equivalent.
	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 was: (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 terminated on December 31, 2014. Pursuant to the MSA, the Company paid a Manager fee of $0.7 million and $0.6 million in 2014 and 2013, respectively.

Summary_of_Significant_Account

Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2014
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 under different assumptions and conditions.
	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
	As of December 31, 2014, the Company exited the indium business. Prior to that time, the Company’s inventory or “stockpile” of the metal indium was carried at the lower of cost or market with cost being determined by the specific-identification (including all associated costs of delivering the indium to the bonded storage warehouse on the date the Company takes delivery of the physical metal). Market was determined by the net realizable value based on the spot price of indium obtained from Metal Bulletin PLC, as posted on Bloomberg L.P., a real time financial information service data platform. The Company charged against earnings an inventory write-down on an interim basis for the amount by which the spot price of indium was 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 were 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. There was no write down of inventory in 2014 or 2013 as the spot price of indium was higher than the Company’s accounting cost. As of December 31, 2014, the Company sold its entire indium stockpile.
	Basic and Diluted Earnings per Share
	The Company presents both basic and diluted earnings per share (“EPS”) on the face of the statement of operations. Basic EPS is computed by dividing net income 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, 2014 and 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 each year, 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.
	Accounting for Direct Sales, Lease and Lending Transactions
	The stockpile of indium was used for “direct sales”, “lease” and/or “lending” transactions. Under a “direct sale” transaction, the Company recorded revenue when there was pervasive evidence that an arrangement existed, delivery had occurred, the price was fixed or determinable and collectibility was reasonably assured. Cost of sales was recorded for the indium carrying value based on specific-identification method. There were no uncollectible accounts and no right of return. Approximately 87% and 72% of the Company’s direct sales were sold outside the United States primarily in Asia in 2014 and 2013 respectively.
	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. The Company accounted for any USPA transaction on a combined basis (sale and purchase) and evaluated whether, and in what period, other income was recognized based on the specific terms of any arrangements. In 2013, the Company disclosed an unconditional purchase obligations under this arrangement. The cost of inventory-indium under an open USPA was reported as “indium repurchase obligation” in the accompanying balance sheet at December 31, 2013. In 2014, we sold the indium to the counterparty in the USPA at a negotiated price.
	Income arising from leasing transactions was reported as other income. Indium “lease” transactions were generally for a period of less than one year. Under the lease, a specified amount of indium was leased to the customer for a period of time. At the end of the lease, the lessee was 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 was recorded as other income over the term of the lease. In certain circumstances, we sold the indium to the lessee 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 due to the fact that there is uncertainty as to whether these assets  will be realized due to the fact they we cannot predict when the Company will return to profitability, if at all. 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 $5 thousand and $6 thousand for the years ended December 31, 2014 and 2013, respectively. The fair value of each option granted during 2014 and 2013 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,
		2014			2013
	Expected dividend yield		0	%		0	%
	Expected option term (years)		5			5
	Expected volatility		9	%		11	%
	Risk-free interest rate		1.66-1.73	%		0.75-1.41	%
	The weighted average fair value at the date of grant for options granted during the years ended December 31, 2014 and 2013 was $0.26 and $0.30, 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, 2014.
	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, 2014, the Company had cash on deposit of approximately $4.5 million in excess of federally insured limits of $250 thousand.
	The Company granted credit, without collateral, to specialty metals companies creating a credit risk with third parties that it sold, lent or leased indium. The Company sought to reduce its credit risk by reviewing the third party’s credit portfolio, and, when necessary, obtained third party guarantees. To reduce its market risks for changes in the price of indium, the USPA and lease agreements contained 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 was 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).
	Recently Issued Accounting Pronouncements
	In July 2013, the Financial Accounting Standard Board (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 did not impact the Company’s 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.
	On May 28, 2014, the FASB issued ASU No. 2014-09, “Revenue from Contracts with Customers”, which requires an entity to recognize the amount of revenue to which it expects to be entitled for the transfer of promised goods or services to customers. The ASU will replace most existing revenue recognition guidance in U.S. GAAP when it becomes effective. The new standard is effective for the company on January 1, 2017. Early application is not permitted. The standard permits the use of either the retrospective or cumulative effect transition method. The Company is evaluating strategic options and, subsequent to December 31, 2014, has no revenue stream. The Company will evaluate the effect that ASU 2014-09 has on its financial statements and related disclosures and select a transition method when and if the Company has future revenues.

Indium_USPA_and_Lease_Transact

Indium USPA and Lease Transactions	12 Months Ended
	Dec. 31, 2014
Leases, Operating [Abstract]
Operating Leases And Lending Disclosure [Text Block]	Note 3 — Indium USPA and Lease Transactions
	In 2013, 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 had 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. In January 2014, the counterparty to the USPA elected to buy from the Company all of the indium covered by the USPA at negotiated prices based on 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 was reversed and a sale was recorded in 2014. There were no USPAs in 2014.
	During the second quarter of 2013, the Company entered into a lease agreement for a certain tonnage of indium that expires in 2014. 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 2014, the lessee elected to purchase the indium under the lease at negotiated prices based on the spot price of indium. There were no lease transactions in 2014.
	During the year ended December 31, 2014 and 2013, the Company recorded other income of approximately $60 thousand and $142 thousand, respectively, under USPA and lease transactions.

Stockholders_Equity

Stockholders' Equity	12 Months Ended
	Dec. 31, 2014
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, 2014 and 2013, 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 December 2014, the Company purchased 6,678,358 shares of its common stock in a Tender Offer (“the Offer”) for an aggregate purchase price of approximately $16.1 million at a purchase price of $2.41 per share, which represented approximately 78% of the outstanding shares as of the date of the Offer. The Company retired all shares purchased in the Offer. Shares not purchased in the Offer because of proration or conditional tenders were returned to the tendering stockholders at the Company’s expense promptly after the Offer terminated. The Company has 1,883,639 shares of common stock outstanding after the Offer.
	In December 2014, the Company also retired the 270,304 shares of the Company’s common stock held as treasury stock.
	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, 845,000 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, 2014, there were 300,001 options available under the plan for future grants.
	Stock Options
	In both 2014 and 2013, the Company awarded its chief financial officer (“CFO”) five-year fully vested options to acquire 20,000 shares of common stock, exercisable at the market value at the date of grant. The Company estimated the fair value of CFO options using the Black-Scholes-Merton option pricing model. The Company recorded non-cash compensation expense aggregating approximately $5 thousand and $6 thousand for the above stock options during the years ended December 31, 2014 and 2013, respectively.
	Stock Options, continued
	Summary stock option information is as follows:
								Weighted
		Aggregate		Aggregate		Exercise Price		Average
		Number		Exercise Price		Range		Exercise Price
	Outstanding, December 31, 2013		679,999	$	3,207,443	$	2.45-7.50	$	4.72
	Granted		20,000		41,250	$	1.78-2.18	$	2.06
	Exercise		-		-		-		-
	Cancelled, Forfeited or Expired		-155,000		-697,500	$	4.5	$	4.5
	Outstanding, December 31, 2014		544,999	$	2,551,193	$	1.78-7.50	$	4.68
	The weighted average grant date fair value was $0.26 and $0.30 for the years ended December 31, 2014 and 2013, respectively, and the weighted average remaining contractual life is 1.6 years for stock options outstanding at December 31, 2014. At December 31, 2014 and 2013, there was $9 thousand and $76 thousand, respectively, in intrinsic value of outstanding options.
	Warrants
	As of December 31, 2014, the Company has outstanding warrants exercisable for 6,753,701 shares of the Company’s common stock and 240,000 warrants underlying the Unit Purchase Option (“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, 2014, the Company also has outstanding a UPO to the underwriters or their designees. The UPO allows the underwriters to purchase 240,000 units (including one share of common stock and one warrant) at an exercise price of $5.50 per unit and expires in May 2015.

Net_Income_Per_Share

Net Income Per Share	12 Months Ended
	Dec. 31, 2014
Earnings Per Share [Abstract]
Earnings Per Share [Text Block]	Note 5 —Net Income 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 per share is calculated using the weighted average number of outstanding shares of common stock. Diluted net income 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 per share for all the years presented does not include securities if their effect was anti-dilutive.
		For the Year Ended December 31,
		2014		2013
		(in thousands, except per share amounts)
	Net income	$	4,759	$	982
	Basic Net Income Per Share
	Weighted average basic common shares outstanding		8,013		8,782
	Basic net income per share	$	0.59	$	0.11
	Diluted Net Income  Per Share
	Weighted average basic common shares outstanding		8,013		8,782
	Dilutive effect of stock options outstanding		1		29
	Weighted average dilutive common shares		8,014		8,811
	Diluted income per share	$	0.59	$	0.11
	Stock option and warrant shares excluded from the weighted average dilutive common shares because the effect would be antidilutive		7,924		7,884

RelatedParty_Transactions

Related-Party Transactions	12 Months Ended
	Dec. 31, 2014
Related Party Transactions [Abstract]
Related Party Transactions Disclosure [Text Block]	Note 6 — Related-Party Transactions
	The members of SMG Advisors, and the positions they held 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 was managed by Ailon Z. Grushkin. The Manager’s financial statements were not consolidated with those of the Company. Pursuant to the MSA, the Manager was 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 expired on December 31, 2014. The Company was responsible for paying all costs and expenses incurred in connection with the business, except those expressly assumed by the Manager. The Company paid the manager $0.7 million and $0.6 million in 2014 and 2013, respectively.
	The Company engaged a relative of one of its officers to perform outsourced secretarial services for the Company at an annual compensation of $20 thousand in both 2014 and 2013.
	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.

Income_Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2014
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,
		2014			2013
	Current	$	90		$	25
	Deferred		-			605
	Valuation allowance		-			-605
	Income tax expense	$	90		$	25
	Reconciliation between the provision for income taxes, computed by applying the statutory federal income tax rate of 34% to net income before income taxes, and the actual income tax expense follows:
		For the Year Ended December 31,
		2014				2013
	Federal income tax provision at statutory rates		34	%			34	%
	State income tax, net of federal benefit		1.2	%			18.7	%
	Change in valuation allowance		-31.9	%			-50.5	%
	Other		-1.4	%			0.3
	Effective tax rate		1.9	%			2.5	%
	Components of deferred tax asset are as follows, in thousands:
		December 31,
	Deferred tax assets:	2014			2013
	Net operating tax loss carryforwards		1,119		$	2,701
	Expenses not currently deductible		103			106
	Total		1,222			2,807
	Valuation allowance		-1,222			-2,807
	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 2014 and 2013 have been applied to offset the deferred tax assets in recognition of the uncertainty that such tax benefits will be realized as the Company expects to incur losses for the foreseeable future. The differences between book income and tax income relate principally to revenue recognition and stock compensation expenses. At December 31, 2014, the Company has available net operating loss carryforwards for federal and state income tax reporting purposes of approximately $3.2 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 carryforwards available to offset future federal taxable income arising before such ownership changes may be limited.
	At December 31, 2014, the Company did not have any unrecognized tax benefits. All of the Company’s federal and state income tax returns, beginning in 2011, are subject to audit for those tax years.

Accounts_Payable_and_Accrued_E

Accounts Payable and Accrued Expenses	12 Months Ended
	Dec. 31, 2014
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,
		2014		2013
	Accounts payable to Manager-related party	$	-	$	150
	Accrued professional services		36		49
	Tax accrual		120		36
	Accrues bonus		25		-
	Other		8		63
		$	189	$	298

Commitments_and_Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 31, 2014
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies Disclosure [Text Block]	Note 9 — Commitments and Contingencies
	Compensation
	Effective July 2012, the Company entered into an arrangement with its 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, which was paid in January 2015. The compensation committee of the board of directors approved the payment of $10 thousand per year to each of the nonexecutive board members except for representative of Raging Capital and $1 thousand to such director 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.

Segment_Information

Segment Information	12 Months Ended
	Dec. 31, 2014
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. Indium Corporation of America and Umicore USA Inc. each accounted for more than 10% of the Company’s net sales in 2014.  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 in 2013. Sales were mostly international in 2014 and 2013.

Subsequent_Events

Subsequent Events	12 Months Ended
	Dec. 31, 2014
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 March 2015, the Company’s chief executive officer and chief operating officer resigned and Ailon Grushkin was named chief executive officer. The Company also entered into a Consulting Agreement (the “Consulting Agreement”) by and between the Company and Nano-Cap Advisors LLC (“Nano” or “the Consultant”). The Company’s Chairman of the Board, Chief Executive Officer and President is the only member of Nano. The Consultant shall provide services normally provided by a chief executive officer of the Company as determined and directed by the Company and provide office facilities for the Company. For the services to be rendered by the Consultant to the Company pursuant to the Consulting Agreement, the Company agrees to pay the Consultant $90,000 in 2015. The term of the Consulting Agreement commenced on March 10, 2015 and shall continue until December 31, 2015 and shall thereafter renew for successive one (1) year terms unless otherwise terminated by either party in accordance with the terms of the Consulting Agreement.

Summary_of_Significant_Account1

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2014
Accounting Policies [Abstract]
Use Of Estimates, Policy [Policy Text Block]	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 under different assumptions and conditions.
Cash and Cash Equivalents, Restricted Cash and Cash Equivalents, Policy [Policy Text Block]	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, Policy [Policy Text Block]	Inventory of the Metal Indium
	As of December 31, 2014, the Company exited the indium business. Prior to that time, the Company’s inventory or “stockpile” of the metal indium was carried at the lower of cost or market with cost being determined by the specific-identification (including all associated costs of delivering the indium to the bonded storage warehouse on the date the Company takes delivery of the physical metal). Market was determined by the net realizable value based on the spot price of indium obtained from Metal Bulletin PLC, as posted on Bloomberg L.P., a real time financial information service data platform. The Company charged against earnings an inventory write-down on an interim basis for the amount by which the spot price of indium was 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 were 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. There was no write down of inventory in 2014 or 2013 as the spot price of indium was higher than the Company’s accounting cost. As of December 31, 2014, the Company sold its entire indium stockpile.
Earnings Per Share, Policy [Policy Text Block]	Basic and Diluted Earnings per Share
	The Company presents both basic and diluted earnings per share (“EPS”) on the face of the statement of operations. Basic EPS is computed by dividing net income 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, 2014 and 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 each year, 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.
Accounting For Direct Sales And Lending Transactions [Policy Text Block]	Accounting for Direct Sales, Lease and Lending Transactions
	The stockpile of indium was used for “direct sales”, “lease” and/or “lending” transactions. Under a “direct sale” transaction, the Company recorded revenue when there was pervasive evidence that an arrangement existed, delivery had occurred, the price was fixed or determinable and collectibility was reasonably assured. Cost of sales was recorded for the indium carrying value based on specific-identification method. There were no uncollectible accounts and no right of return. Approximately 87% and 72% of the Company’s direct sales were sold outside the United States primarily in Asia in 2014 and 2013 respectively.
	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. The Company accounted for any USPA transaction on a combined basis (sale and purchase) and evaluated whether, and in what period, other income was recognized based on the specific terms of any arrangements. In 2013, the Company disclosed an unconditional purchase obligations under this arrangement. The cost of inventory-indium under an open USPA was reported as “indium repurchase obligation” in the accompanying balance sheet at December 31, 2013. In 2014, we sold the indium to the counterparty in the USPA at a negotiated price.
	Income arising from leasing transactions was reported as other income. Indium “lease” transactions were generally for a period of less than one year. Under the lease, a specified amount of indium was leased to the customer for a period of time. At the end of the lease, the lessee was 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 was recorded as other income over the term of the lease. In certain circumstances, we sold the indium to the lessee at a negotiated price.
Income Tax, Policy [Policy Text Block]	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 due to the fact that there is uncertainty as to whether these assets  will be realized due to the fact they we cannot predict when the Company will return to profitability, if at all. 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 Compensation, Option and Incentive Plans Policy [Policy Text Block]	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 $5 thousand and $6 thousand for the years ended December 31, 2014 and 2013, respectively. The fair value of each option granted during 2014 and 2013 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,
		2014			2013
	Expected dividend yield		0	%		0	%
	Expected option term (years)		5			5
	Expected volatility		9	%		11	%
	Risk-free interest rate		1.66-1.73	%		0.75-1.41	%
	The weighted average fair value at the date of grant for options granted during the years ended December 31, 2014 and 2013 was $0.26 and $0.30, 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 [Policy Text Block]	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, 2014.
Off-Balance-Sheet Credit Exposure, Policy [Policy Text Block]	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, 2014, the Company had cash on deposit of approximately $4.5 million in excess of federally insured limits of $250 thousand.
	The Company granted credit, without collateral, to specialty metals companies creating a credit risk with third parties that it sold, lent or leased indium. The Company sought to reduce its credit risk by reviewing the third party’s credit portfolio, and, when necessary, obtained third party guarantees. To reduce its market risks for changes in the price of indium, the USPA and lease agreements contained terms providing the third-party with disincentives (“penalty fees”) for nonperformance of the return of indium to the Company.
Fair Value Of Financial Instruments, Policy [Policy Text Block]	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 was 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).
New Accounting Pronouncements, Policy [Policy Text Block]	Recently Issued Accounting Pronouncements
	In July 2013, the Financial Accounting Standard Board (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 did not impact the Company’s 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.
	On May 28, 2014, the FASB issued ASU No. 2014-09, “Revenue from Contracts with Customers”, which requires an entity to recognize the amount of revenue to which it expects to be entitled for the transfer of promised goods or services to customers. The ASU will replace most existing revenue recognition guidance in U.S. GAAP when it becomes effective. The new standard is effective for the company on January 1, 2017. Early application is not permitted. The standard permits the use of either the retrospective or cumulative effect transition method. The Company is evaluating strategic options and, subsequent to December 31, 2014, has no revenue stream. The Company will evaluate the effect that ASU 2014-09 has on its financial statements and related disclosures and select a transition method when and if the Company has future revenues.

Summary_of_Significant_Account2

Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2014
Accounting Policies [Abstract]
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]	The fair value of each option granted during 2014 and 2013 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,
		2014			2013
	Expected dividend yield		0	%		0	%
	Expected option term (years)		5			5
	Expected volatility		9	%		11	%
	Risk-free interest rate		1.66-1.73	%		0.75-1.41	%

Stockholders_Equity_Tables

Stockholders' Equity (Tables)	12 Months Ended
	Dec. 31, 2014
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, 2013		679,999	$	3,207,443	$	2.45-7.50	$	4.72
	Granted		20,000		41,250	$	1.78-2.18	$	2.06
	Exercise		-		-		-		-
	Cancelled, Forfeited or Expired		-155,000		-697,500	$	4.5	$	4.5
	Outstanding, December 31, 2014		544,999	$	2,551,193	$	1.78-7.50	$	4.68

Net_Income_Per_Share_Tables

Net Income Per Share (Tables)	12 Months Ended
	Dec. 31, 2014
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	Diluted net income per share for all the years presented does not include securities if their effect was anti-dilutive.
		For the Year Ended December 31,
		2014		2013
		(in thousands, except per share amounts)
	Net income	$	4,759	$	982
	Basic Net Income Per Share
	Weighted average basic common shares outstanding		8,013		8,782
	Basic net income per share	$	0.59	$	0.11
	Diluted Net Income  Per Share
	Weighted average basic common shares outstanding		8,013		8,782
	Dilutive effect of stock options outstanding		1		29
	Weighted average dilutive common shares		8,014		8,811
	Diluted income per share	$	0.59	$	0.11
	Stock option and warrant shares excluded from the weighted average dilutive common shares because the effect would be antidilutive		7,924		7,884

Income_Taxes_Tables

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2014
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,
		2014			2013
	Current	$	90		$	25
	Deferred		-			605
	Valuation allowance		-			-605
	Income tax expense	$	90		$	25
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]	Reconciliation between the provision for income taxes, computed by applying the statutory federal income tax rate of 34% to net income before income taxes, and the actual income tax expense follows:
		For the Year Ended December 31,
		2014				2013
	Federal income tax provision at statutory rates		34	%			34	%
	State income tax, net of federal benefit		1.2	%			18.7	%
	Change in valuation allowance		-31.9	%			-50.5	%
	Other		-1.4	%			0.3
	Effective tax rate		1.9	%			2.5	%
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:	2014			2013
	Net operating tax loss carryforwards		1,119		$	2,701
	Expenses not currently deductible		103			106
	Total		1,222			2,807
	Valuation allowance		-1,222			-2,807
	Net deferred taxes	$	-		$	-

Accounts_Payable_and_Accrued_E1

Accounts Payable and Accrued Expenses (Tables)	12 Months Ended
	Dec. 31, 2014
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,
		2014		2013
	Accounts payable to Manager-related party	$	-	$	150
	Accrued professional services		36		49
	Tax accrual		120		36
	Accrues bonus		25		-
	Other		8		63
		$	189	$	298

Organization_and_Nature_of_Bus1

Organization and Nature of Business (Details Textual) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Organization And Nature Of Business [Line Items]
Management Fee Expense	$700,000	$600,000
Cash and Cash Equivalents, At Carrying Value	4,797,122	2,090,295	6,151,770
Common Stock, Shares, Outstanding	1,883,639	8,561,997
Stock Repurchased During Period, Value	16,193,792
Percentage Of Outstanding Shares Repurchased	78.00%
Purchase Price Per Share	$2.41
Common Stock [Member]
Organization And Nature Of Business [Line Items]
Stock Repurchased During Period, Value	$6,678
Stock Repurchased During Period, Shares	6,678,358
Percentage Of Outstanding Shares Repurchased	78.00%
Purchase Price Per Share	$2.41

Summary_of_Significant_Account3

Summary of Significant Accounting Policies (Details)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Summary Of Significant Accounting Policies [Line Items]
Expected dividend yield	0.00%	0.00%
Expected option term (years)	5 years	5 years
Expected volatility	9.00%	11.00%
Maximum [Member]
Summary Of Significant Accounting Policies [Line Items]
Risk-free interest rate	1.73%	1.41%
Minimum [Member]
Summary Of Significant Accounting Policies [Line Items]
Risk-free interest rate	1.66%	0.75%

Summary_of_Significant_Account4

Summary of Significant Accounting Policies (Details Textual) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Summary Of Significant Accounting Policies [Line Items]
Share Based Payment Expense	$5,000	$6,000
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.
Cash, Uninsured Amount	4,500,000
Cash, FDIC Insured Amount	$250,000
Share-Based Compensation Arrangement By Share-Based Payment Award, Options, Grants In Period, Weighted Average Grant Date Fair Value	$0.26	$0.30
Sales Revenue, Net [Member] | Asia [Member]
Summary Of Significant Accounting Policies [Line Items]
Concentration Risk, Percentage	87.00%	72.00%

Indium_USPA_and_Lease_Transact1

Indium USPA and Lease Transactions (Details Textual) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Indium USPA and Lease Transactions [Line Items]
Inventory Repurchase Right	$0	$943,573
Other Income	60,017	141,501
Inventory, Net, Total	0	14,318,244
Leased Indium [Member]
Indium USPA and Lease Transactions [Line Items]
Inventory Repurchase Right		900,000
Proceeds From Sale Of Indium Under Unconditional Sale And Purchase Agreement		1,000,000
Other Income	60,000	142,000
Liability for Obligation to Repurchase Inventory		1,000,000
Inventory, Net, Total		$2,400,000

Stockholders_Equity_Details

Stockholders' Equity (Details) (Employee Stock Option [Member], USD $)	12 Months Ended
	Dec. 31, 2014
Schedule of Capitalization, Equity [Line Items]
Outstanding - Aggregate Number - Beginning Balance	679,999
Granted - Aggregate Number	20,000
Exercise - Aggregate Number	0
Cancelled, Forfeited or Expired - Aggregate Number	-155,000
Outstanding - Aggregate Number - Ending Balance	544,999
Outstanding - Aggregate Exercise Price - Beginning Balance	$3,207,443
Granted - Aggregate Exercise Price	41,250
Exercise - Aggregate Exercise Price	0
Cancelled, Forfeited or Expired - Aggregate Exercise Price	-697,500
Outstanding - Aggregate Exercise Price - Ending Balance	$2,551,193
Outstanding - Weighted Average Exercise Price - Beginning Balance	$4.72
Granted - Weighted Average Exercise Price	$2.06
Exercise - Weighted Average Exercise Price	$0
Cancelled, Forfeited or Expired - Weighted Average Exercise Price	$4.50
Outstanding - Weighted Average Exercise Price - Ending Balance	$4.68
Maximum [Member]
Schedule of Capitalization, Equity [Line Items]
Outstanding - Weighted Average Exercise Price - Beginning Balance	$7.50
Granted - Weighted Average Exercise Price	$2.18
Outstanding - Weighted Average Exercise Price - Ending Balance	$7.50
Minimum [Member]
Schedule of Capitalization, Equity [Line Items]
Outstanding - Weighted Average Exercise Price - Beginning Balance	$2.45
Granted - Weighted Average Exercise Price	$1.78
Outstanding - Weighted Average Exercise Price - Ending Balance	$1.78

Stockholders_Equity_Details_Te

Stockholders' Equity (Details Textual) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Schedule of Capitalization, Equity [Line Items]
Preferred Stock, Shares Authorized	1,000,000	1,000,000
Stock Repurchased During Period, Value	$16,193,792
Common Stock, Shares, Outstanding	1,883,639	8,561,997
Share-based Compensation	5,200	5,900
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Intrinsic Value	9,000	76,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value (in dollars per share)	$0.26	$0.30
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Weighted Average Remaining Contractual Term	1 year 7 months 6 days
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.
Warrant Redemption Price Per Share	$8
Class of Warrant or Right, Exercise Price of Warrants or Rights	$5.75
Purchase Price Per Share	$2.41
Percentage Of Outstanding Shares Repurchased	78.00%
Dividends Paid Amount Per Share		$1.50
Cash Distributions to Stockholders Amount		12,900,000
Ordinary Dividends Paid Amount Per Share		$0.13
Equity Incentive Plan 2008 [Member]
Schedule of Capitalization, Equity [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant	300,001
Common Stock, Capital Shares Reserved for Future Issuance	845,000
Chief Financial Officer [Member]
Schedule of Capitalization, Equity [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant	20,000	20,000
Warrant [Member]
Schedule of Capitalization, Equity [Line Items]
Class of Warrant or Right, Outstanding	6,753,701
Unit Purchase Option Units Issued For Underwriter	240,000
Class of Warrants Underlying Unit Purchase Options	240,000
Class of Warrants Underlying Unit Purchase Options Expiration Date	4-May-15
Class of Warrant or Right, Exercise Price of Warrants or Rights	$5.50
Investment Warrants Expiration Date	4-May-16
Common Stock [Member]
Schedule of Capitalization, Equity [Line Items]
Stock Repurchased During Period, Shares	6,678,358
Stock Repurchased During Period, Value	$6,678
Treasury Stock, Shares, Retired	270,304
Purchase Price Per Share	$2.41
Percentage Of Outstanding Shares Repurchased	78.00%

Net_Income_Per_Share_Details

Net Income Per Share (Details) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Net Income Loss Per Share [Line Items]
Net income	$4,758,534	$982,022
Basic Net Income Per Share
Weighted average basic common shares outstanding	8,013,091	8,781,501
Basic net income per share	$0.59	$0.11
Diluted Net Income Per Share
Weighted average basic common shares outstanding	8,013,091	8,781,501
Dilutive effect of stock options outstanding	1,000	29,000
Weighted average dilutive common shares	8,013,926	8,811,016
Diluted income per share	$0.59	$0.11
Stock option and warrant shares excluded from the weighted average dilutive common shares because the effect would be antidilutive	7,924,000	7,884,000

RelatedParty_Transactions_Deta

Related-Party Transactions (Details Textual) (USD $)	3 Months Ended	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2014	Dec. 31, 2013
Related Party Transaction [Line Items]
Management Fee Expense		$700,000	$600,000
Amount Paid To Relative Of Officer For Secretarial Service	$5,000	$20,000	$20,000

Income_Taxes_Details

Income Taxes (Details) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Current	$90,000	$25,000
Deferred	0	605,000
Valuation allowance	0	-605,000
Income tax expense	$90,000	$25,000

Income_Taxes_Details_1

Income Taxes (Details 1)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Federal income tax provision at statutory rates	34.00%	34.00%
State income tax, net of federal benefit	1.20%	18.70%
Change in valuation allowance	-31.90%	-50.50%
Other	-1.40%	0.30%
Effective tax rate	1.90%	2.50%

Income_Taxes_Details_2

Income Taxes (Details 2) (USD $)	Dec. 31, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Net operating tax loss carryforwards	$1,119	$2,701
Expenses not currently deductible	103	106
Total	1,222	2,807
Valuation allowance	-1,222	-2,807
Net deferred taxes	$0	$0

Income_Taxes_Details_Textual

Income Taxes (Details Textual) (USD $)	Dec. 31, 2014
In Millions, unless otherwise specified
Operating Loss Carryforwards	$3.20

Accounts_Payable_and_Accrued_E2

Accounts Payable and Accrued Expenses (Details) (USD $)	Dec. 31, 2014	Dec. 31, 2013
Accounts payable to Manager-related party	$0	$150,000
Accrued professional services	36,000	49,000
Tax accrual	120,000	36,000
Accrues bonus	25,000	0
Other	8,000	63,000
Accounts Payable and Accrued Liabilities, Current	$189,258	$298,314

Commitments_and_Contingencies_

Commitments and Contingencies (Details Textual) (USD $)	3 Months Ended	12 Months Ended
In Thousands, except Share data, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2014	Dec. 31, 2013	Jul. 31, 2012
Loss Contingencies [Line Items]
Annual Base Compensation Payable To Chief Financial Officer, Quarterly Compensation, Amount	$60	$60	$60	$60
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
Compensation Payable To Non Executive Board Member For Each Meeting Attended In Person, Amount			1
Amount Paid To Relative Of Officer For Secretarial Service	5	20	20
Annual Bonus Compensation Eligible Chief Finance Officer			25
Annual Bonus Compensation Payable			$25

Segment_Information_Details_Te

Segment Information (Details Textual)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Major Customers Accounted Percentage of Sales	10.00%	10.00%

Subsequent_Events_Details_Text

Subsequent Events (Details Textual) (Subsequent Event [Member], USD $)	1 Months Ended
	Mar. 31, 2015
Subsequent Event [Member]
Amount To Be Paid For Consulting Services	$90,000
Term Of Consulting Services Agreement	The term of the Consulting Agreement commenced on March 10, 2015 and shall continue until December 31, 2015 and shall thereafter renew for successive one (1) year terms unless otherwise terminated by either party in accordance with the terms of the Consulting Agreement.