Fenix Parts (FENX) 10-Q 14 Sep 15 2015 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2015	Sep. 14, 2015
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2015
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	Q2
Trading Symbol	FENX
Entity Registrant Name	Fenix Parts, Inc.
Entity Central Index Key	1,615,153
Current Fiscal Year End Date	--12-31
Entity Filer Category	Non-accelerated Filer
Entity Common Stock, Shares Outstanding		19,766,386

Unaudited Condensed Consolidate

Unaudited Condensed Consolidated Balance Sheets - USD ($)	Jun. 30, 2015	Dec. 31, 2014
CURRENT ASSETS
Cash and cash equivalents	$ 19,044,308	$ 453,047
Accounts receivable, net of allowance	4,099,226
Inventories	39,020,905
Prepaid expenses and other current assets	1,285,402	50,000
Deferred stock offering costs		346,369
Total current assets	63,449,841	849,416
PROPERTY AND EQUIPMENT
Leasehold improvements	1,130,075
Vehicles	2,581,655
Machinery and equipment	7,991,524
Accumulated depreciation and amortization	(337,061)
Property and equipment, net	11,366,193
OTHER NON-CURRENT ASSETS
Goodwill	69,797,910
Intangible assets, net	34,104,475
Indemnification receivable	4,243,851
Other non-current assets	62,518
Investment in related party	397,000
Total non-current assets	108,605,754
TOTAL ASSETS	183,421,788	849,416
CURRENT LIABILITIES
Account payable	2,947,818	1,673,259
Accrued expenses and other current liabilities	3,590,636	303,731
Sales return reserve	747,087
Amounts due to related parties	4,235,001
Deferred warranty revenue - current	195,025
Deferred income tax liabilities	3,344,999
Deferred rent	60,080
Current portion of long-term debt	625,000
Current portion of related party long-term debt	100,000
Total current liabilities	15,845,646	1,976,990
NON-CURRENT LIABILITIES
Deferred warranty revenue, net of current portion	65,763
Long-term related party debt, net of current portion	100,000
Long-term debt, net of current portion	8,835,306
Deferred income tax liabilities	14,695,635
Amounts due to related parties, net of current portion	1,344,000
Reserve for uncertain tax positions	4,618,608
Contingent consideration liabilities	11,033,000
Total non-current liabilities	40,692,312
TOTAL LIABILITIES	$ 56,537,958	$ 1,976,990
COMMITMENTS AND CONTINGENCIES
SHAREHOLDERS' EQUITY (DEFICIT)
Common stock, $0.001 par value; 30,000,000 shares authorized; 19,475,837 shares issued and outstanding at June 30, 2015; 2,429,333 shares issued and outstanding at December 31, 2014	$ 19,476	$ 2,429
Additional paid-in capital	130,519,498	3,616,571
Accumulated other comprehensive loss	(705,185)
Accumulated deficit	(11,349,959)	(4,746,574)
Total shareholders' equity before noncontrolling interest	118,483,830
Noncontrolling interest	8,400,000
Total shareholders' equity (deficit)	126,883,830	(1,127,574)
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY (DEFICIT)	$ 183,421,788	$ 849,416

Unaudited Condensed Consolidat3

Unaudited Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares	Jun. 30, 2015	Dec. 31, 2014
Statement of Financial Position [Abstract]
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	30,000,000	30,000,000
Common stock, shares issued	19,475,837	2,429,333
Common stock, shares outstanding	19,475,837	2,429,333

Unaudited Condensed Consolidat4

Unaudited Condensed Consolidated Statements of Operations and Comprehensive Loss - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Income Statement [Abstract]
Net revenues	$ 11,470,896		$ 11,470,896
Cost of goods sold	10,008,151		10,008,151
Gross profit	1,462,745		1,462,745
Operating expenses	9,014,831	$ 627,629	11,644,039	$ 627,814
Operating loss	(7,552,086)	(627,629)	(10,181,294)	(627,814)
Interest expense	(21,870)		(21,870)
Interest income	17,101		17,104
Other (expense) income, net	(1,721,442)	369	(1,721,442)	370
Loss before income tax expense	(9,278,297)	(627,260)	(11,907,502)	(627,444)
Benefit for income taxes	(5,304,117)		(5,304,117)
Net loss	(3,974,180)	(627,260)	(6,603,385)	(627,444)
Foreign currency translation adjustment	(705,185)		(705,185)
Net comprehensive loss	$ (4,679,365)	$ (627,260)	$ (7,308,570)	$ (627,444)
Loss per share Basic and Diluted	$ (0.33)	$ (0.29)	$ (0.91)	$ (0.31)
Shares used in computing earnings per share Basic & Diluted	11,388,524	2,156,400	7,003,537	2,007,028

Unaudited Condensed Consolidat5

Unaudited Condensed Consolidated Statements of Shareholders' Deficit - 6 months ended Jun. 30, 2015 - USD ($)	Total	Fenix Parts, Inc. [Member]	Leesville [Member]	Fenix Parts Canada Inc [Member]	IPO [Member]	Common Stock [Member]	Common Stock [Member]Fenix Parts, Inc. [Member]	Common Stock [Member]Leesville [Member]	Common Stock [Member]IPO [Member]	Additional paid-in capital [Member]	Additional paid-in capital [Member]Fenix Parts, Inc. [Member]	Additional paid-in capital [Member]Leesville [Member]	Additional paid-in capital [Member]IPO [Member]	Accumulated other comprehensive income [Member]	Accumulated deficit [Member]	Noncontrolling interest [Member]	Noncontrolling interest [Member]Fenix Parts Canada Inc [Member]
Balance at Dec. 31, 2014	$ (1,127,574)					$ 2,429				$ 3,616,571					$ (4,746,574)
Balance, Shares at Dec. 31, 2014						2,429,333
Stock issued during period	2,077,361				$ 101,278,606	$ 320			$ 13,800	2,077,041			$ 101,264,806
Stock issued during period (in shares)						319,594			13,800,000
Issuance of Fenix Canada preferred shares for Combination Consideration		$ 22,299,768		$ 8,400,000			$ 2,875				$ 22,996,893						$ 8,400,000
Issuance of Fenix shares for Combination Consideration (in shares)							2,874,971
Compensation for pre-IPO services	216,800					$ 20				216,780
Compensation for pre-IPO services (in shares)						20,000
Retention bonus			$ 285,256					$ 32				$ 285,224
Retention bonus(in shares)								31,939
Share based awards	62,183									62,183
Foreign currency translation adjustment	(705,185)													$ (705,185)
Net loss	(6,603,385)														(6,603,385)
Balance at Jun. 30, 2015	$ 126,883,830					$ 19,476				$ 130,519,498				$ (705,185)	$ (11,349,959)	$ 8,400,000
Balance, Shares at Jun. 30, 2015						19,475,837

Unaudited Condensed Consolidat6

Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Cash flows from operating activities
Net loss	$ (6,603,385)	$ (627,444)
Adjustments to reconcile net loss to net cash used in operating activities
Depreciation and amortization	710,004
Deferred stock offering costs		(81,648)
Share-based compensation expense	478,239
Deferred income tax benefit	(5,323,471)
Provision for uncertain tax positions	10,869
Amortization of inventory fair value adjustment	2,717,203
Change in fair value of contingent consideration	808,856
Make whole provision for pre-IPO investors	1,827,085
Change in assets and liabilities, net of acquired businesses
Accounts receivable	(4,099,148)
Inventories	(701,137)
Prepaid expenses and other assets	(253,664)
Accounts payable	(1,055,042)	99,279
Accrued expenses and other liabilities	682,860	303,413
Deferred warranty revenue	260,789
Due to related party	3,791,001
Net cash used in operating activities	(6,748,941)	(306,400)
Cash flows from investing activities
Capital expenditures	(70,300)
Investment in related party	(397,000)
Purchases of Founding Companies, net of cash acquired	(85,363,354)
Net cash used in investing activities	(85,830,654)
Cash flows from financing activities
Proceeds from initial public offering	102,672,000
Proceeds from other issuances of common stock	250,276	2,010,300
Deferred stock offering costs	(1,393,394)
Borrowings on term loan	10,000,000
Payments on debt	(125,000)
Deferred debt cost	(428,000)
Proceeds from other financing	213,306
Net cash provided by financing activities	111,189,188	2,010,300
Effect of foreign exchange fluctuations on cash and cash equivalents	(18,332)
Increase in cash and cash equivalents	18,591,261	1,703,900
Cash and cash equivalents, beginning of period	453,047
Cash and cash equivalents, end of period	19,044,308	$ 1,703,900
Supplemental cash flow disclosures
Cash paid for interest	$ 8,151

Description of Business and Bas

Description of Business and Basis of Presentation	6 Months Ended
	Jun. 30, 2015
Accounting Policies [Abstract]
Description of Business and Basis of Presentation	Note 1. Description of Business and Basis of Presentation Fenix Parts, Inc. (“Fenix”) was founded on January 2, 2014 (“inception”) to acquire and combine companies in the automobile recycling and resale industry. Fenix Parts Canada, Inc. (“Fenix Canada”), a wholly-owned subsidiary of Fenix, was established on September 24, 2014 primarily to facilitate the acquisition and combination of companies in the automobile recycling and resale industry in Canada. Through November 2014, Fenix and Fenix Canada (collectively, the “Company”) entered into Combination Agreements to acquire (in transactions referred to as the “Combinations”) eleven corporate entities that operate eight businesses (the “Founding Companies”), contingent upon, among other things, the closing of an initial public offering (“IPO”). On May 19, 2015, the Company completed the IPO and closed on the Combinations with the Founding Companies, including those Founding Companies that are designated as accounting co-predecessors, Beagell Group and Standard. The Company raised the cash portion of the Combination Consideration in its IPO as well as from additional funding from indebtedness. The unaudited condensed consolidated financial statements of the Company included herein reflect only Fenix’s operations and financial position before the IPO and Combinations with the Founding Companies. The operations of the Founding Companies are reflected in the consolidated statements of operations from May 19, 2015 to June 30, 2015. The Company, subsequent to the Combinations, is in the business of auto recycling, which is the recovery and resale of original equipment manufacturer (“OEM”) and aftermarket parts, components and systems, such as engines, transmissions, radiators, trunks, lamps and seats (referred to as “products”) reclaimed from damaged, totaled or low value vehicles. The Company purchases its vehicles primarily at auto salvage auctions. Upon receipt of vehicles, the Company inventories and then dismantles the vehicles and sells the recycled components. The Company’s customers include collision repair shops (body shops), mechanical repair shops, auto dealerships and individual retail customers. The Company also generates a portion of its revenue from the sale as scrap of the unusable parts and materials, from the sale of used cars and motorcycles and from the sale of extended warranty contracts. Through September 30, 2014, the Company’s chief executive and chief financial officers were not taking salaries and no compensation expense has been recorded related to services provided by these employees through that date. Pursuant to letter arrangements that commenced on October 1, 2014, these executives’ compensation was accrued for payment after the closing of the IPO. Basis of Presentation These unaudited condensed consolidated financial statements were prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information, without audit, pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”). Certain information and footnote disclosures typically included in financial statements prepared in accordance with GAAP have been condensed or omitted pursuant to such rules and regulations. These unaudited condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements of Fenix Parts, Inc. and the notes thereto as of and for the period ended December 31, 2014 included in the Company’s prospectus dated May 14, 2015. The Company continues to follow the accounting policies set forth in those consolidated financial statements. Management believes that these consolidated interim financial statements include all adjustments, normal and recurring in nature, that are necessary to present fairly the financial position of the Company as of June 30, 2015 and the results of its operations and cash flows for the periods ended June 30, 2015 and 2014. Interim results are not necessarily indicative of annual results. All significant intercompany balances and transactions have been eliminated. References below to the six months ended June 30, 2014 refer to inception (January 2, 2014) through June 30, 2014.

Summary of Significant Accounti

Summary of Significant Accounting Policies	6 Months Ended
	Jun. 30, 2015
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Note 2. Summary of Significant Accounting Policies Use of Estimates The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates. Revenue Recognition The Company recognizes revenue from the sale of vehicle replacement products and scrap and, to a lesser extent, used cars and motorcycles, when they are shipped or picked up by the customers and ownership has transferred, subject to an allowance for estimated returns and discounts that management estimates based upon historical information. Management analyzes historical returns (often pursuant to standard warranties on the sold products) and allowances activity by comparing the items to the original invoice amounts and dates. The Company uses this information to project future returns and allowances on products sold. If actual returns and allowances deviate significantly from the Company’s historical experience, there could be an impact on its operating results in the period of occurrence. The Company has recorded a reserve for estimated returns and discounts of approximately $747,000 and $0 at June 30, 2015 and December 31, 2014, respectively. The Company presents taxes assessed by governmental authorities collected from customers on a net basis. Therefore, the taxes are excluded from revenue on the combined statements of operations and are shown as current liabilities on the combined balance sheets until remitted. Revenue also includes amounts billed to customers for shipping and handling. Revenue from the sale of separately priced extended warranty contracts is reported as deferred revenue and recognized ratably over the term of the contracts or over five years for life-time warranties. Revenue from such extended warranty contracts was approximately $31,000 for the post-Combinations period ended June 30, 2015. Cost of Goods Sold Cost of goods sold primarily includes a) amounts paid for the purchase of vehicles, scrap, parts for resale and related products, b) related auction, storage and towing fees, and c) other costs of procurement and dismantling, primarily labor and overhead allocable to dismantling operations or, in the case of car and motorcycle sales, to preparing the vehicle for sale. Operating Expenses Operating expenses for the automobile recycling business are primarily comprised of a) salaries and benefits of employees that are not related to the procurement and dismantling of vehicles, b) facility costs such as rent, utilities, insurance, repairs and taxes not allocated to dismantling operations, c) selling and marketing costs, d) costs to distribute products and scrap and e) other general and administrative costs. Operating expenses for the periods presented also include corporate office costs and costs related to the business combinations. Concentrations Financial instruments that potentially subject the Company to significant concentration of credit risk consist primarily of cash and cash equivalents and accounts receivable. The majority of cash and cash equivalents are maintained with several major financial institutions. The Company maintains its cash in bank deposit accounts which, at times, may exceed the insurance limits of the Federal Deposit Insurance Corporation. The Company has not experienced any losses in such accounts. Concentrations of credit risk with respect to accounts receivable are limited because a large number of customers make up the Company’s customer base. The Company controls credit risk through credit approvals, credit limits and monitoring procedures. The Company primarily obtains its recycled OEM and related products from damaged, totaled or low value vehicles purchased at salvage auto auctions. Since the Combinations with the Founding Companies, substantially all of the vehicles purchased by the Company for dismantling were acquired at auctions run by two salvage auto auction companies. Accounts Receivable and Allowance for Doubtful Accounts In the normal course of business, the Company extends credit to customers after a review of each customer’s credit history. The Company recorded a reserve for uncollectible accounts of approximately $171,000 at June 30, 2015 and $0 as of December 31, 2014. The reserve is based upon management’s assessment of the collectability of specific customer accounts, the aging of the accounts receivable and historical experience. Receivables are written off once collection efforts have been exhausted. Recoveries of accounts receivable previously written off are recorded when received. Inventories Inventories consist entirely of recycled OEM and aftermarket products, including car hulls and other materials that will be sold as scrap and, to a lesser extent, used cars and motorcycles for resale. Inventory costs for recycled OEM parts are established based upon the price the Company pays for a vehicle, including auction, storage and towing fees, as well as expenditures for buying and dismantling vehicles. After dismantling, the cost assigned to the salvaged parts and scrap is determined using the average cost of sales percentage at the Company and applying that percentage to the Company’s inventory at expected selling prices. The average cost to sales percentage is derived from the Company’s historical vehicle profitability for salvage vehicles purchased at auction or procured from other sources. With respect to self-service inventories, costs are established by calculating the average sales price per vehicle, including its scrap value and part value, applied to the total vehicles on-hand. Inventory costs for used cars and motorcycles for resale are established based upon the price the Company pays for these items. For all inventories, carrying value is recorded at the lower of cost or market and is reduced to reflect the age of the products and current anticipated demand. If actual demand differs from the Company’s estimates, additional reductions to inventory carrying value would be necessary in the period such determination is made. Property and Equipment Property and equipment are recorded at cost less accumulated depreciation and amortization. Expenditures for maintenance and repairs are charged against operations. Renewals and betterments that materially extend the useful life of an asset are capitalized. As property and equipment are sold or retired, the applicable cost and accumulated depreciation and amortization are removed from the accounts and any resulting gain or loss thereon is recognized. Depreciation and amortization expense is calculated using the straight-line method over the estimated useful lives or, in the case of leasehold improvements, the term of the related lease and reasonably assurance renewal periods, if shorter. Depreciation and amortization expense totaled approximately $642,000 for the post-Combinations period ended June 30, 2015. Estimated useful lives of property and equipment acquired after May 19, 2015 are as follows: Vehicles 5 years Machinery and equipment 3-10 years Leasehold improvements 10-15 years or term of lease, if shorter For property and equipment the Company acquired in the Combinations, the average estimated remaining useful lives are as follows: Vehicles 3-4 years Machinery and equipment 4-5 years Leasehold improvements 5-6 years or term of lease, if shorter The Company evaluates the recoverability of the carrying amount of property and equipment and amortizable intangible assets whenever events or changes in circumstances indicate that the carrying amount of an asset may not be fully recoverable based on an analysis of undiscounted cash flows. There were no such events or changes in the three and six month periods ended June 30, 2015 and 2014. Goodwill Goodwill is recorded when the purchase price paid for an acquisition exceeds the estimated fair value of the net identified tangible and intangible assets acquired. The Company is required to perform an annual impairment review, and more frequently under certain circumstances. Under the qualitative goodwill impairment assessment standard, management evaluates whether it is more likely than not that the fair value of the reporting unit is less than its carrying value. If it is determined that it is more likely than not, the Company proceeds with the next step of the impairment test, which compares the fair value of the reporting unit to its carrying value. If the Company determines through the impairment process that goodwill has been impaired, the Company will record the impairment charge in its results of operations. The Company has elected to perform its annual evaluation of impairment as of December 31. There were no impairment charges related to goodwill during the post-Combination period ended June 30, 2015. Intangible Assets Intangible assets subject to amortization consist of tradenames, customer relationships and non-compete agreements. Amortization expense is calculated using the straight-line method over the estimated useful lives of the assets of: 5 years for tradenames; and 5 years for noncompete covenants. Amortization expense is calculated using the accelerated method over the estimated useful life of the asset of 15 years for customer relationships. Amortization expense for intangible assets was $348,000 for the post-Combination period ended June 30, 2015. Indemnification Receivable In conjunction with the Combinations, the Company recorded an indemnification receivable of $4,243,851, which represents recoverable amounts from the former owners of certain of the Founding Companies if the Company is required to make certain income tax or other payments as defined in the relevant Combination agreements after the Combinations. Refundable Purchase Price Consideration In conjunction with the Combinations, the Company entered into operating facility lease agreements with affiliates of the equity holders of the Founding Companies. Based on preliminary independent valuations of the market rental rates compared to the contractual rental rates for these properties, the excess is reflected in the intangible assets as additional Combination Consideration refundable over the term of the related lease. The effect of discounting these payments at 10% is reflected in other non-current assets. The Company amortizes these net assets over the life of the leases so that aggregate rent expense in the statements of operations reflects market rental rates as of the date of Combination; a corresponding net interest income element is also recorded to reflect the passage of time impact on the net asset. Fair Value Measurements Fair value of financial assets and liabilities are defined as the exchange price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants in the principal market at the measurement date (exit price). The Company is required to classify fair value measurements in one of the following categories: • Level 1 - inputs which are defined as quoted prices (unadjusted) in active markets for identical assets or liabilities that the reporting entity has the ability to access at the measurement date. • Level 2 - inputs which are defined as inputs other than quoted prices included within Level 1 that are observable for the assets or liabilities, either directly or indirectly. • Level 3 - inputs are defined as unobservable inputs for the assets or liabilities. Financial assets and liabilities are classified based on the lowest level of input that is significant to the fair value measurement. The Company’s assessment of the significance of a particular input to the fair value measurement requires judgment, and may affect the valuation of the fair value of assets and liabilities and their placement within the fair value hierarchy levels. Certain assets and liabilities are required to be recorded at fair value on either a recurring or non-recurring basis; however, the Company had no assets or liabilities that require recurring fair value measurements at December 31, 2014. Fair value is determined based on the exchange price that would be received for an asset or paid to transfer a liability in an orderly transaction between market participants. At June 30, 2015, the fair value of contingent consideration recorded in the consolidated financial statements was valued using Level 3 inputs. The Company’s financial instruments, including cash and cash equivalents, accounts receivable, accounts payable, and accrued expenses are carried at cost, which approximates fair value due to the short-term maturity of these instruments. The Company’s debt is carried at cost and approximates fair value due to its variable or fixed interest rates, which are consistent with the interest rates in the market. The Company may be required, on a non-recurring basis, to adjust the carrying value of the Company’s property and equipment, intangible assets and goodwill. When necessary, these valuations are determined by the Company using Level 3 inputs. These assets are subject to fair value adjustments in certain circumstances, such as when there is evidence that impairment may exist. There have been no indicators of impairment during 2015. Deferred Stock Offering Costs The Company incurred approximately $1,393,000 and $346,000 of legal, accounting, and other costs directly related to its IPO through May 19, 2015 and December 31, 2014, respectively. The Company also incurred $7,728,000 of underwriting cost. Such costs were applied against the gross proceeds from the IPO upon its closing. Income Taxes Income taxes are accounted for under the asset and liability method where deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and the respective tax basis and for tax credit carry forwards. 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. A valuation allowance is established when it is more likely than not that some portion or all of the deferred tax assets will not be realized. The Company evaluates the realizability of its deferred tax assets by assessing its valuation allowance and by adjusting the amount of such allowance, if necessary. The factors used to assess the likelihood of realization include historical cumulative losses, the forecast of future taxable income and available tax planning strategies that could be implemented to realize the net deferred tax assets. Failure to achieve forecasted taxable income in applicable tax jurisdictions could affect the ultimate realization of deferred tax assets and could result in an increase in the Company’s effective tax rate on future earnings. The Company recognizes the benefits of uncertain tax positions taken or expected to be taken in tax returns in the provision for income taxes only for those positions that are more likely than not to be realized. The Company follows a two-step approach to recognizing and measuring uncertain tax positions. The first step is to evaluate the tax position for recognition by determining if the weight of available evidence indicates it is more likely than not that the position will be sustained on audit, including resolution of related appeals or litigation processes, if any. The second step is to measure the tax benefit as the largest amount that is more than 50% likely of being realized upon ultimate settlement. The Company considers many factors when evaluating and estimating its tax positions and tax benefits, which may require periodic adjustments and which may not accurately forecast actual outcomes. As of June 30, 2015 and December 31, 2014, the Company has not identified any uncertain tax positions that relate to Fenix. The Company did assume, on an indemnifiable basis, certain uncertain tax positions reserves in the Combinations. The Company’s policy is to include interest and penalties associated with income tax obligations in income tax expense. The Company’s right to indemnification under certain Combination Agreements related to these uncertain tax positions is subject to a threshold of 1% of the purchase price and a cap of 40% of the purchase price paid in the Combinations. Foreign Currency The assets and liabilities of Fenix Canada, whose functional currency is the Canadian dollar, are translated into US dollars at period-end exchange rates. Income and expense items are translated at the average rates of exchange prevailing during the period. The adjustments resulting from translating the Canadian financial statements are reflected as a component of accumulated other comprehensive loss within shareholders’ equity (deficit). Foreign currency transaction gains and losses are recognized in net earnings based on differences between foreign exchange rates on the transaction date and the settlement or period end date. Earnings (Loss) Per Share Basic earnings (loss) per share is computed by dividing net income (loss) available to common shares by the weighted average common shares outstanding during the period using the two-class method. The Fenix Canada preferred shares are considered participating securities and therefore share in the net income (loss) of the period since being issued on May 19, 2015. Diluted earnings (loss) per share would include the impact of outstanding common share equivalents as if those equivalents were exercised or converted into common shares if such assumed exercise or conversion were dilutive. Contingently issuable shares are excluded from basic and diluted earnings per share until issuance is no longer contingent. The calculations of loss per share are as follows: Three Months Ended June 30, Six Months Ended June 30, 2015 2014 2015 2014 Basic Loss per Common Share: Net loss $ (3,974,180 ) $ (627,260 ) $ (6,603,385 ) $ (627,444 ) Net loss allocable to Fenix Canada preferred shares (175,132 ) — (238,560 ) — Net loss available to common shares $ (3,799,048 ) $ (627,260 ) $ (6,364,825 ) $ (627,444 ) Weighted-average common shares outstanding 11,388,524 2,156,400 7,003,537 2,007,028 Basic and diluted Loss per Common Share $ (0.33 ) $ (0.29 ) $ (0.91 ) $ (0.31 ) As a result of the net loss for the three and six months ended June 30, 2015 and 2014, the Company used basic weighted-average common shares outstanding in the calculation of diluted loss per share for each of these periods, since the inclusion of any stock equivalents would be anti-dilutive. The following outstanding equity instruments as of June 30, 2015 are not included in the computation of diluted loss per share as the effect of including such stock options and restricted stock awards in the computation would be anti-dilutive: Three Months Ended June 30, Six Months Ended June 30, 2015 2014 2015 2014 Stock options 470,000 — 470,000 — Leesville bonus shares 271,112 — 271,112 — The Company has 11,667 common shares and 280,000 shares of Fenix Canada preferred stock held in escrow relating to contingent consideration agreements with certain Founding Companies. These shares are not included in basic EPS or in the shares used to calculate the net loss attributable to Fenix Canada preferred shares until the issuance is no longer contingent on future events. Recent Accounting Pronouncements Under the JOBS Act, the Company meets the definition of an “emerging growth company.” The Company has irrevocably elected to opt out of the extended transition period for complying with new or revised accounting standards pursuant to Section 107(b) of the JOBS Act. In July 2015, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2015-11, Simplifying the Measurement of Inventory In April 2015, the FASB issued ASU No. 2015-3 which amends Accounting Standards Codification (“ASC”) Topic 835, Interest, to require presentation of certain debt issuance costs as a direct deduction from the carrying amount of a debt liability, consistent with debt discounts. The Company early adopted this ASU for the period ended June 30, 2015 and it did not have a material impact on the consolidated financial statements. In February 2015, the FASB issued ASU 2015-02, Amendments to the Consolidation Analysis In August 2014, the FASB issued ASU 2014-15 which amends ASC Topic 205 , Presentation of Financial Statements In May 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers In April 2014, the FASB issued ASU No. 2014-08, which amends FASB ASC Topic 205, Presentation of Financial Statements Property, Plant, and Equipment

Combinations with Founding Comp

Combinations with Founding Companies	6 Months Ended
	Jun. 30, 2015
Business Combinations [Abstract]
Combinations with Founding Companies	Note 3. Combinations with Founding Companies On May 19, 2015, the Company closed on the Combinations with the Founding Companies, all of which are engaged in the business of automobile recycling. These Combinations were accounted for under the acquisition method of accounting. The Company acquired the stock of the U.S. Founding Companies for cash or a combination of cash and shares of its common stock, and acquired substantially all of the assets of the Canadian Founding Companies for cash or cash and shares of exchangeable preferred stock of Fenix Canada. The consideration for the Combinations was determined by arms-length negotiations between the Company and representatives of each Founding Company. The Founding Companies include Don’s Automotive Mall, Inc., Gary’s U-Pull It, Inc., Horseheads Automotive Recycling, Inc. (collectively, the “Beagell Group”); Standard Auto Wreckers Inc., End of Life Vehicles Inc., Goldy Metals Incorporated, Goldy Metals (Ottawa) Incorporated (collectively, “Standard”); and Eiss Brothers, Inc. (“Eiss Brothers”), Green Oak Investments LLC dba GO Auto Recycling (“GO Auto”), Jerry Brown, Ltd (“Jerry Brown”) and Leesville Auto Wreckers, Inc. (“Leesville” and together with Eiss Brothers, GO Auto and Jerry Brown, the “Other Founding Companies”). For accounting and reporting purposes, Fenix has been identified as the accounting acquirer and Beagell Group and Standard have been identified as accounting co-predecessors to Fenix. The following table shows the estimated calculation of the total Combination Consideration (the following dollar amounts in tables and notes are in thousands) Beagell Standard Eiss Go Auto Jerry Leesville Total Base Fenix share consideration (a ) $ 10,822 $ — $ 2,338 $ 2,667 $ 5,333 $ 1,840 $ 23,000 Base Fenix Canada share consideration (b ) — 8,400 — — — — 8,400 Base cash consideration (c ) 19,663 30,450 6,137 4,000 6,511 11,727 78,488 Working capital and other adjustments (c ) 1,161 1,762 810 (81 ) (1,377 ) 1,132 3,407 Incremental inventory payments (d ) — 450 — — 550 — 1,000 Incremental capital expenditure payments (e ) — — — — 2,415 — 2,415 Nonsubstantive consulting fee payments (f ) 890 50 — — 847 — 1,787 Key employee cash bonuses (g ) — — — — — 2,575 2,575 Incremental off market lease payments (h ) 1,980 (2,230 ) (700 ) (140 ) (170 ) (210 ) (1,470 ) Investment in Founding Company affiliate (i ) — — — 450 — — 450 Contingent consideration (j ) — 7,683 320 — 2,433 — 10,436 Total Combination Consideration $ 34,516 $ 46,565 $ 8,905 $ 6,896 $ 16,542 $ 17,064 $ 130,488 Of this aggregate Combination Consideration, $88,135 was paid in cash on the closing date, $33,733 represents stock consideration and $8,620 represents discounted cash payments to be made up to 15 years after the Combinations. (a) The Company issued 2,874,971 shares of Fenix common stock as Combination Consideration valued at the public offering price of $8.00 per share. (b) The Company issued 1,050,000 exchangeable preferred shares of Fenix’s subsidiary, Fenix Parts Canada, Inc. (“Exchangeable Preferred Shares”) as Combination Consideration valued at the public offering price of common stock of $8.00 per share. Because these shares do not entitle the holders to any Fenix Canada dividends or distributions, no earnings or losses of Fenix Canada are attributable to those holders. However, these shares do participate in the net income (but not in net losses) of the consolidated company for earnings (loss) per share computations. (c) The base cash component of the Combination Consideration for each Combination is still subject to certain adjustments. For each Founding Company (in some cases, other than Standard Auto Wreckers, Inc.), the cash component of the Combination Consideration was (i) reduced by the Founding Company’s indebtedness as of closing (ii) increased by the Founding Company’s cash and qualifying inventory as of closing and (iii) increased by the Founding Company’s capital expenditures during the six months prior to closing. All of these estimated adjustments are based on information provided by the Founding Companies at closing and are subject to further adjustment as additional information is obtained. Any differences in actual cash, qualifying inventory, debt or capital expenditures as of and for the six months prior to the actual closing date will have a corresponding change to total Combination Consideration and to goodwill. (d) Represents additional consideration for certain excess or specific inventories based on the applicable Founding Company inventory listings as of closing and subject to adjustment through September 2015 as additional information is obtained. (e) Represents a construction reimbursement for capital expenditures in connection with a new building located on land that the Company leases subject to further adjustment through September 2015 as additional information is obtained. (f) Represents contractual payments to certain equity holders of the Founding Companies and their related parties over the next 1 to 15 years. These equity holders and their related parties are not employed by us and do not provide any substantive services to us. (g) Represents cash bonuses paid at closing to key employees for past service. (h) In conjunction with the Combinations, the Company entered into operating facility lease agreements with affiliates of the equity holders, generally variable interest entities that were consolidated into the Founding Companies prior to the Combinations but are not consolidated by the Company after the Combinations. Based on independent valuations of the market rental rates compared to the actual rental rates for these properties, the excess is reflected as Combination Consideration refundable over the term of the related lease. The effect of discounting these payments at 10% is reflected in the amounts presented. The related balance as of June 30, 2015 of $1,403 is reflected on the condensed consolidated balance sheet as part of Intangible asset and will be offset to cash rent expense over the life of the leases. (i) Represents the payment of $250 in cash at closing and a $200 promissory note payable over two years for a 5% membership interest in an affiliate of Go Auto. The Company also received an option to purchase the remaining 95% membership interest. (j) Represents the estimated fair value of contingent consideration arrangements with certain Founding Company equity holders. Under these arrangements, the equity holders of Standard and Eiss can earn up to an aggregate of $7,875 in cash and 11,667 shares of Fenix common stock and 280,000 Exchangeable Preferred Shares. The shareholders of Jerry Brown’s can earn an uncapped amount of additional cash if certain EBITDA and revenue targets are met. The fair value is based on independent valuations considering our the Company’s projections for the relevant Founding Companies, the respective target levels, the relative weighting of various future scenarios and a discount rate of approximately 5.0%. The changes in the fair value of this initial liability resulted in a $800 change to operating expenses in the statement of operations for the post-Combinations period ended June 30, 2015. The Company has not completed the allocation of the Combination Consideration to the assets acquired and liabilities assumed in the Combinations. The following table shows preliminary amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed: Beagell Standard Eiss Go JB Leesville Total Cash and other current 10,430 15,265 6,637 1,859 6,301 5,621 46,113 Property and equipment 4,476 4,408 364 203 1,663 641 11,755 Other non current assets 1,985 430 12 — 1,746 54 4,227 Intangible assets 7,650 10,970 2,680 3,450 2,340 6,260 33,350 Current liabilities (2,573 ) (2,008 ) (255 ) (754 ) (923 ) (654 ) (7,167 ) Deferred income taxes, net (5,787 ) (3,887 ) (3,298 ) — (2,639 ) (4,213 ) (19,824 ) Reserve for uncertain tax positions (2,017 ) (1,828 ) (1,829 ) (204 ) (5,878 ) Non-current liabilities (580 ) — — — (771 ) — (1,351 ) Total net identifiable assets acquired 13,584 23,350 6,140 4,758 5,888 7,505 61,225 Goodwill 20,932 23,215 2,765 2,138 10,654 9,559 69,263 Total net assets acquired 34,516 46,565 8,905 6,896 16,542 17,064 130,488 Included in the preliminary allocation reflected above are the various preliminary valuations described below which are primarily based on Level 3 inputs: (i) Inventory was marked up to 90% of its estimated selling price representing the inventory’s cost and estimated related profit margin. Selling costs and related profit margin were estimated at all Founding Companies to be 10%. The acquired inventory is expected to be sold within six to nine months. (ii) Assumptions for property and equipment valuation, which are based on cost and market approaches, are primarily data from industry databases and dealers on current costs of new equipment and information about the useful lives and age of the equipment. The remaining useful life of property and equipment was determined based on historical experience using such assets, and varies from 3-6 years depending on the Founding Company and nature of the assets. The Company’s independent valuation specialist is assisting the Company in determining the final valuation of the property and equipment acquired on the Combination date. Any change in the valuation resulting from the Company’s independent valuation specialist’s finalization of its analysis cannot be determined at this point. All property and equipment is being depreciated using the straight-line method. (iii) The table below summarizes the aggregate intangible assets acquired: Amount Weighted Amortization Trade names $ 5,670 5 Straight line Customer relationships 25,970 15 Accelerated Covenants not to compete 1,710 5 Straight line $ 33,350 (iv) The table above represent balances as of the date the companies were acquired and will not agree to the June 30, 2015 balance sheet due to normal operating activities. The goodwill fluctuated due to changes in foreign currency exchange rates for our Canadian operations. The fair value of trade names and customer relationships are based on a number of significant assumptions. Trade names are valued using a “relief from royalty” method, which models cash savings from owning intangible assets as compared to paying a third party for their use. Descriptions of the inputs into this method, and the estimates or ranges of these inputs used for all of the Combinations are as follows: Compound annual revenue growth rate over term of use 3.0%-6.2 % Percentage of revenue attributable to trade name in forecast year 20%-100 % Royalty rate 2.0 % Discount rate 11.5%-14.0 % Tax rate 38.6%-40.9 % The expected useful life of trade names is based on the Company’s planned timeframe for using the existing trade names the Company purchased in the Combinations. The Company amortizes such trade names using the straight-line method as no other method of amortization is more representative of the Company’s usage of these assets. Customer relationships are valued using an income approach called the multi-period excess earnings method, a form of discounted cash flow that estimates revenues and cash flows derived from the use of the intangible asset and then deducts portions of the cash flow that can be attributed to supporting assets, such as other intangible assets or property and equipment, that contributed to the generation of the cash flows to arrive at cash flows attributable solely to the intangible asset being valued. Descriptions of the inputs into this method, and the estimates or ranges of these inputs used for all of the Combinations are as follows: Compound annual revenue growth rate in forecast period 2.1%-3.1 % Annual customer attrition rate 10.0 % Gross margin in forecast period 29.9%-48.1 % Contributory asset charges as a percentage of revenue 0.0%-2.6 % Discount rate 12.5%-16.0 % Tax rate 38.6%-40.9 % The expected useful life of customer relationships is established as 15 years, which is the period over which these assets are expected to reasonably contribute to future cash flows. The Company amortizes such customer relationships using an accelerated method that reflects a greater relative contribution to future cash flows in the earlier years of the assets’ useful lives. (iv) The Company may recover amounts from the equity holders of certain of the Founding Companies if the Company is required to make certain income tax or other payments as defined in the relevant Combination agreements after the Combinations. (v) The Combination agreement between the Company and GO Auto contains a provision pursuant to which the Company purchased a 5% ownership of Go Pull-It LLC, an entity under common control with GO Auto, and the right to purchase the remaining 95% of Go Pull-It LLC for either a fixed price through the end of 2016 or, after that, a price based on a formula that is primarily dependent on the EBITDA of Go Pull-It LLC. The amount reflected above for the purchase right is based on a business valuation of Go Pull-It LLC, which inputs include but are not limited to, revenue growth, gross margin, operating expenses, income tax rate, working capital and property and equipment requirements, and an appropriate discount rate. (vi) The Company recorded deferred income taxes relating to the difference between financial reporting and tax bases of assets and liabilities acquired in the Combinations in nontaxable transactions. The Company also eliminated historical deferred income taxes of Founding Companies acquired in taxable transactions. The preliminary allocations described above could change materially as the Company finalizes its assessment of the allocation and the fair value of the net tangible and intangible assets acquired, some of which are dependent on the completion of valuations being performed by independent valuation specialists. The Combination Agreements with the Founding Companies also included provisions for the Company to begin leasing properties from the Founding Companies’ former owners and their related parties after closing and the Company commenced these leases on May 19, 2015. Many of these properties were consolidated into the historical results of the Founding Companies but were not acquired by Fenix in the Combinations and are not consolidated by Fenix after the closing. The following table shows the pro forma revenue and earnings of Fenix Parts, Inc. as if the Combinations with the Founding Companies had occurred on January 1, 2014 (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2015 2014 2015 2014 Revenue $ 25,591 $ 27,294 $ 50,270 $ 54,114 Net loss $ (3,312 ) $ (695 ) $ (6,536 ) $ (444 ) Significant adjustments to the historical revenue of the Founding Companies for the pro forma revenue presentation include the elimination of revenue between Founding Companies, for which there is a corresponding decrease in pro forma cost of goods sold, and the elimination of revenue from the sale of warranties that are not recognized by Fenix in the periods after the Combinations. Significant adjustments to expenses include effects of shares transferred from founding investors to later investors, incremental amortization of acquired intangible assets, rent expense associated with leases with the former owners of the Founding Companies, compensation related to certain bonuses paid to employees of a Founding Company and related income tax effects.

Long-Term Obligations

Long-Term Obligations	6 Months Ended
	Jun. 30, 2015
Debt Disclosure [Abstract]
Long-Term Obligations	Note 4. Long-Term Obligations On May 6, 2015, the Company entered into a $35.0 million senior secured credit facility with BMO Harris Bank N.A. under which it borrowed $10.0 million and utilized $5.9 million of letters of credit on the closing date of the Combinations, May 19, 2015. The credit facility consists of $25.0 million that is available as a revolving credit facility, allocated $20.0 million in U.S. dollars, with a $7.5 million sublimit for letters of credit, and $5.0 million in either Canadian Dollars or U.S. Dollars, with a $2.5 million sublimit for letters of credit. The remaining $10.0 million is available as a term loan. The Company has the right from time to time, as long as no default is occurring, to request an increase in the amount of the revolving credit facility by up to an aggregate of $20.0 million. Proceeds of the credit facility are expected to be used for capital expenditures, working capital, permitted acquisitions, and general corporate purposes. The term of the revolving credit facility and the term loan facility is five years. June 30, (in thousands) 2015 Obligations: Term loan $ 9,460 Go Pull-It note 200 9,660 Less current maturities 725 $ 8,935 The term loan balance above includes a reduction for debt issuance costs of $428,000 as of June 30, 2015. As of June 30, 2015, there was a $5.9 million letter of credit outstanding related to the Combinations. The credit facility is secured by a first-priority perfected security interest in substantially all of the Company’s assets as well as all of the assets of its domestic subsidiaries, who also guaranty the borrowings. In addition, the Company pledged all of the stock in its domestic subsidiaries as security and 66% of the stock of its direct, Canadian subsidiary, Fenix Canada (other than its exchangeable preferred shares). The Company’s U.S. borrowings under the credit facility bear interest at fluctuating rates determined quarterly, at the Company’s election in advance for any applicable interest period, by reference to the “base rate” plus the applicable margin within the relevant range of margins provided in the term sheet. The base rate is the highest of (i) the rate BMO Harris Bank N.A. announces as its “prime rate,” (ii) 0.50% above the rate on overnight federal funds transactions or (iii) the London Interbank Offered Rate (LIBOR) for an interest period of one month plus 1.00%. The applicable margin is based on our total leverage ratio. The initial margin for interest rates on borrowings under the credit facility is 2.00% on LIBOR loans and 1.00% on base rate loans. The Canadian borrowings under the credit facility bear interest at fluctuating rates determined quarterly, at the Company’s election in advance for any applicable interest period, by reference to the “Canadian base rate” plus the applicable margin within the relevant range of margins provided in the term sheet. The Canadian base rate is the higher of (i) the rate the Bank of Montreal announces as its “reference rate,” or (ii) the Canadian Dollar Offered Rate (CDOR) for an interest period equal to the term of any applicable borrowing plus 0.50%. The applicable margin is based on our total leverage ratio. The initial margin for interest rates on borrowings under the credit facility is 1.00% on base rate loans. The credit agreement contains customary events of default, including the failure to pay any principal, interest or other amount when due, violation of certain of our affirmative covenants or any negative covenants or a breach of representations and warranties and, in certain circumstances, a change of control. Upon the occurrence of an event of default, payment of indebtedness may be accelerated and the lending commitments may be terminated. The credit agreement contains several debt covenants with which the Company must comply on a quarterly or annual basis, including a maximum Funded Debt to EBITDA Ratio (or “Leverage Ratio”, as defined in the Facilities) of 2.75:1.00 based on the four trailing quarterly periods. Maximum funded debt as it relates to the Leverage Ratio is defined as all borrowed funds, outstanding standby letters of credit and bank guarantees as of the end of the most recent fiscal quarter. The Company must also comply with a minimum Fixed Charge Coverage Ratio of 1.20:1.00 based on the four trailing quarterly periods. Fixed charge coverage is defined as the ratio of EBITDA less unfinanced capital expenditures for the four trailing quarterly periods, dividends, repurchases and other restricted payments, cash taxes, and cash interest. EBITDA includes after tax earnings with add backs for interest expense, income taxes, depreciation and amortization and stock compensation expenses. In addition, the credit agreement covenants include a minimum tangible net worth of $102.6 million plus fifty percent of net income for each fiscal quarter. As of June 30, 2015, the Company was in compliance with all financial covenants specified by the credit agreement.

Accrued Expenses and Other Curr

Accrued Expenses and Other Current Liabilities	6 Months Ended
	Jun. 30, 2015
Payables and Accruals [Abstract]
Accrued Expenses and Other Current Liabilities	Note 5. Accrued Expenses and Other Current Liabilities Accrued expenses and other current liabilities consisted of following: June 30, December 31, Accounting, consulting and legal fees $ 1,572,540 $ 48,431 Employee compensation 1,066,978 175,000 Other 951,118 80,300 Total accrued expenses and other current liabilities $ 3,590,636 $ 303,731 As described in Note 1, through May 19, 2015, Fenix had focused on arranging for the completion of an IPO and the acquisition of eight businesses. As part of that process, and as provided for in the Combination Agreements, Fenix was obligated to fund accounting, auditing and various other costs associated with the Founding Companies’ efforts to provide historical audited financial statements and to meet other requirements associated with the IPO. The majority of the Company’s operating expenses and accrued expenses and other current liabilities through the IPO date related to these activities.

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2015
Income Tax Disclosure [Abstract]
Income Taxes	Note 6. Income Taxes From its Inception through May 2015, the Company generated pre-tax losses. A full valuation allowance was established as of March 31, 2015 and December 31, 2014 against this potential benefit because the uncertainty of the Company’s future prospects at those balance sheet dates resulted in it being more likely than not that the deferred income tax asset relating to the benefit would not be realized. However, upon the successful closing of the Combinations in May 2015 and the concurrent recognition of significant deferred income tax liabilities, as well as the expectation of future pre-tax income from the acquired operating companies, the Company concluded that it was more likely than not that the deferred tax assets generated by prior losses will be realized, and accordingly, recorded an income tax benefit from reversing the allowance of approximately $1,800,000 upon the closing of the Combinations. The Company’s effective tax rate was (57.2%) and (44.5)% for the three and six months periods ending June 30, 2015 respectively. This effective rate differs from the statutory rate due to the effects of the state and Canada income taxes and changes in the valuation allowance. The Company’s uncertain tax position reserves, including related interest and penalties of $1 million, were approximately $4.6 million as of June 30, 2015 and were all originally assumed as part of the Combinations. If any portion of the Company’s unrecognized tax benefits is recognized, it could impact the Company’s effective tax rate. The tax reserves are reviewed periodically and adjusted in light of changing facts and circumstances, such as progress of tax audits, lapse of applicable statutes of limitations, and changes in tax law. The uncertain tax positions primarily relate to the timing of certain deductions for income tax purposes by certain Founding Companies and the continued qualification of one Beagell entity for its historical Subchapter S election. Under certain conditions, any payments - including of interest and penalties - made by the Company for assumed uncertain tax positions are indemnified by the previous equity holders of the Founding Companies. As such, changes in these reserves will usually be offset by similar changes in the indemnification receivable.

Common Stock

Common Stock	6 Months Ended
	Jun. 30, 2015
Equity [Abstract]
Common Stock	Note 7. Common Stock Fenix was formed and initially capitalized in January 2014 by a group of investors, including the chief executive and the chief financial officers, who paid nominal cash consideration for an aggregate of 1.8 million shares of Fenix common stock. In March and April 2014, Fenix issued and sold an aggregate of 402,000 shares of common stock for a purchase price of $5.00 per share. During the period of September 2014 through April 2015, Fenix issued and sold an aggregate of 546, 927 shares of common stock for an ultimate purchase price of $6.50 per share. Of these shares, 20,000 were issued to certain investors for no cash consideration in order to effectively convert their $7.50 per share investments to $6.50 per share investments. Such issuances resulted in a charge to the Company’s earnings in January 2015 of approximately $131,000. The Company completed its IPO on May 19, 2015 and its 2,000-for-1 common stock split immediately before the closing of the IPO. As a result, all share and per share information presented in the Company’s consolidated financial statements has been adjusted to retroactively reflect the common stock split. The Company raised approximately $110.4 million in gross proceeds from the IPO by selling 13.8 million shares at $8.00 per share and netted $101.3 million in the IPO after paying the underwriter’s discount and other offering costs. The number of shares sold includes 1.8 million sold pursuant to an overallotment agreement with the underwriters. The agreements that relate to the common stock sales in March, April and September 2014 included provisions that obligated the holders of the common stock issued in January 2014 to compensate the investors in the later sales if the IPO price of Fenix common stock was less than $10.00 per share. As the IPO price was $8.00 per share, the initial investors transferred 237,231 of their shares to the later investors equal in value to the aggregate difference in value between the IPO price of $8.00 per share and $10.00 per share, resulting in a charge of $1.8 million to other expense in the statement of operations in the post-Combinations period ended June 30, 2015. The later investors were also granted registration rights.

Stock-Based Compensation

Stock-Based Compensation	6 Months Ended
	Jun. 30, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock-Based Compensation	Note 8. Stock-Based Compensation The Company’s 2014 Incentive Stock Plan (“Plan”) was adopted in January 2015. The Plan permits grants of stock options, stock appreciation rights, restricted stock, restricted stock units, performance awards (in the form of equity or cash bonuses), dividend equivalents on full value awards and other awards (which may be based in whole or in part on the value of its common stock or other property). Directors, salaried employees, and consultants of the Company and its commonly-controlled affiliates are eligible to participate in the Plan. The number of shares originally reserved for share-based awards under the Plan equaled 2,750,000 shares. As of June 30, 2015, the Company had 2,280,000 shares available for share-based awards under the Plan. Stock-based compensation is included in operating expenses in the consolidated statements of operations and was approximately $62,000 for the three and six month periods ended June 30, 2015. Stock Options Stock options granted to employees under the Plan have a 10-year life and typically vest in equal installments on each of the first four anniversary dates of the grant. The Company calculates stock compensation expense for employee option awards based on the grant date fair value of the award, less expected annual forfeitures, and recognizes expense on a straight-line basis over the four-year service period of the award. Stock options granted to board members vest immediately on the first anniversary of the award date. Stock compensation for these awards is based on the grant date fair value of the award and is recognized on a straight-line basis over the one-year service period of the award. The Company uses the Black-Scholes option pricing model to estimate the grant date fair value of employee and director stock options. The principal variable assumptions utilized in valuing options and the methodology for estimating such model inputs include: (1) risk-free interest rate – an estimate based on the yield of zero–coupon treasury securities with a maturity equal to the expected life of the option; (2) expected volatility – an estimate based on the historical volatility of similar companies’ Common Stock for a period equal to the expected life of the option; and (3) expected life of the option – an estimate based on industry historical experience including the effect of employee terminations. Based on the results of the model, the weighted-average fair value of the stock options granted during the six-month period ended June 30, 2015 were as follows using the following assumptions: May 13, May 13, June 15, Weighted average fair value $ 2.67 $ 2.47 $ 3.33 Expected dividend yield 0.0 % 0.0 % 0.0 % Risk-free interest rate 1.84 % 1.68 % 1.81 % Expected volatility 30.0 % 30.0 % 30.0 % Expected life of option 6.3 years 5.5 years 5.5 years Stock option activity for the Company’s Plan for the six months ended June 30, 2015 was as follows: Number Weighted- Weighted- Aggregate Outstanding on January 1, 2015 — $ — Granted 470,000 8.23 Exercised — — Expired or forfeited — — Outstanding on June 30, 2015 470,000 $ 8.23 9.9 $ 842,000 Exercisable on June 30, 2015 — $ — — $ — At June 30, 2015, there is $1,203,000 of unrecognized compensation costs related to stock option awards to be recognized over a weighted average period of 3.3 years. Leesville Bonus Shares The Company issued 271,112 restricted shares of common stock at the closing of the combinations. The shares vest twelve months after the grant date. Compensation expense of approximately $285,000 was recorded in the three months ended June 30, 2015 related to the vesting of 31,939 shares. Other awards During the three months ended June 30, 2015, the Company issued 20,000 total unregistered common shares to two current employees in payment of their fees for pre-combination services when they were consultants of the company. Compensation expense of approximately $131,000 was recorded in the three months ended June 30, 2015 for these awards based on the share price on the date of grant. During the six months ended June 30, 2015, the Company accrued $86,000 in compensation expense for pre-IPO services. The total expense was $217,000.

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2015
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Note 9. Commitments and Contingencies Operating Leases Rental expense for operating leases was approximately $320,000 during the post-Combination period ended June 30, 2015. The Company leases properties from the former owners of the Founding Companies and other related parties. These parties also own Fenix common stock and Fenix Canada preferred stock, but no individual former owner or controlled group of such owners own more than 8% of Fenix common stock, on an as converted basis. Environmental and Related Contingencies The Company is subject to a variety of environmental and pollution control laws and regulations incident to the ordinary course of business. The Company currently expects that the resolution of any potential contingencies arising from compliance with these laws and regulations will not materially affect the Company’s financial position, results of operations or cash flows.

Related Party Transactions

Related Party Transactions	6 Months Ended
	Jun. 30, 2015
Related Party Transactions [Abstract]
Related Party Transactions	Note 10. Related Party Transactions As described in Note 3, the Company has operating leases with legal entities that are controlled by former owners of the Founding Companies, who are also shareholders in Fenix and Fenix Canada and in certain cases are also in management at Fenix. One of the lessors is controlled by a Board member of Fenix. These leases, which generally have a term of 15 years with renewal options, relate to 16 distinct properties on which the Company conducts its automobile recycling business in the United States and Canada. These leases commenced on the closing of the Combinations on May 19, 2015. The scheduled payments under these leases over their original terms total $35.8 million. The Company records rent expense in the statements of operations based on market rental rates, which totaled approximately $320,000 for the three and six months ended June 30, 2015. Because these leases were entered into upon the closing of the Combinations, any difference between their contractual payments and then-current market rental rates is accounted for as a net refundable purchase price which served to reduce the aggregate Combinations Consideration by $1,470,000. This net asset is being amortized over the terms of the leases as additional rent expense so that the amount in the statements of operations reflects the market rental expense. Also as described in Note 3, the Company holds a 5% investment, and an option to purchase the remaining 95%, interest in Go Pull-It LLC, an entity in which certain Fenix management also hold an equity investment. Go Pull-It LLC is a variable interest entity (“VIE”) and the Company is not the primary beneficiary of that VIE because it does not have the power to direct the significant activities of the VIE. That power is held by the former owners of Go Auto. The Company has not and does not expect to provide any financial support to the VIE outside of the 5% investment. The 5% investment and option are valued at $397,000 in the consolidated balance sheet and this represents the maximum exposure of the Company to losses of this VIE. The Company leases computer equipment from a company that is 50% owned by a member of management and $3,000 was paid for this lease in the post Combination period ended June 30, 2015. The Company also sells inventory to related parties. Net revenues for these sales were approximately $14,000 in the post Combination period June 30, 2015.

Employee Benefit Plans

Employee Benefit Plans	6 Months Ended
	Jun. 30, 2015
Postemployment Benefits [Abstract]
Employee Benefit Plans	Note 11. Employee Benefit Plans The Founding Companies provide defined contribution plans covering eligible employees, which includes matching and discretionary profit sharing contributions. The Company has continued these plans and contributed approximately $83,000 to them in the post-Combination period ended June 30, 2015.

Subsequent Events

Subsequent Events	6 Months Ended
	Jun. 30, 2015
Subsequent Events [Abstract]
Subsequent Events	Note 12. Subsequent Events On July 8, 2015, the Board of Directors approved the grant of 107,877 stock options to each to the Company’s CEO and CFO that vest one year from the grant date and 100,000 stock options to the Company’s Chief Operating Officer that vest over four years. On that date, the Board also approved grants totaling 404,000 stock options and 150,000 shares of restricted stock to 13 other key employees that vest over 4 or 5 years. All grants were made under the Plan. The stock option exercise price was fixed at the market value of Fenix common stock on that date. The total fair value of these awards is $3,545,000 which will be recorded to stock-based compensation expense over the vesting period. On August 14, 2015, the Company completed its acquisition of the stock of Ocean County Auto Wreckers, Inc. (“Ocean County”) in Bayville, New Jersey for an aggregate purchase price of $3,210,000 in cash and 59,709 shares of Fenix common stock. The cash portion of the purchase price is approximately $2,624,000. The purchase price is subject to working capital adjustments. The Company also entered into a lease with the owners of Ocean County for use of the premises on which the Company will conduct its automotive recycling business. This acquisition complements the Company’s other auto recycling operations in Northeast United States. As of the filing date of these financial statements, the Company has not completed a preliminary allocation of the purchase price to the fair market values of acquired tangible and intangible assets and assumed liabilities.

Summary of Significant Accoun19

Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2015
Accounting Policies [Abstract]
Use of Estimates	Use of Estimates The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates.
Revenue Recognition	Revenue Recognition The Company recognizes revenue from the sale of vehicle replacement products and scrap and, to a lesser extent, used cars and motorcycles, when they are shipped or picked up by the customers and ownership has transferred, subject to an allowance for estimated returns and discounts that management estimates based upon historical information. Management analyzes historical returns (often pursuant to standard warranties on the sold products) and allowances activity by comparing the items to the original invoice amounts and dates. The Company uses this information to project future returns and allowances on products sold. If actual returns and allowances deviate significantly from the Company’s historical experience, there could be an impact on its operating results in the period of occurrence. The Company has recorded a reserve for estimated returns and discounts of approximately $747,000 and $0 at June 30, 2015 and December 31, 2014, respectively. The Company presents taxes assessed by governmental authorities collected from customers on a net basis. Therefore, the taxes are excluded from revenue on the combined statements of operations and are shown as current liabilities on the combined balance sheets until remitted. Revenue also includes amounts billed to customers for shipping and handling. Revenue from the sale of separately priced extended warranty contracts is reported as deferred revenue and recognized ratably over the term of the contracts or over five years for life-time warranties. Revenue from such extended warranty contracts was approximately $31,000 for the post-Combinations period ended June 30, 2015.
Cost of Goods Sold	Cost of Goods Sold Cost of goods sold primarily includes a) amounts paid for the purchase of vehicles, scrap, parts for resale and related products, b) related auction, storage and towing fees, and c) other costs of procurement and dismantling, primarily labor and overhead allocable to dismantling operations or, in the case of car and motorcycle sales, to preparing the vehicle for sale.
Operating Expenses	Operating Expenses Operating expenses for the automobile recycling business are primarily comprised of a) salaries and benefits of employees that are not related to the procurement and dismantling of vehicles, b) facility costs such as rent, utilities, insurance, repairs and taxes not allocated to dismantling operations, c) selling and marketing costs, d) costs to distribute products and scrap and e) other general and administrative costs. Operating expenses for the periods presented also include corporate office costs and costs related to the business combinations.
Concentrations	Concentrations Financial instruments that potentially subject the Company to significant concentration of credit risk consist primarily of cash and cash equivalents and accounts receivable. The majority of cash and cash equivalents are maintained with several major financial institutions. The Company maintains its cash in bank deposit accounts which, at times, may exceed the insurance limits of the Federal Deposit Insurance Corporation. The Company has not experienced any losses in such accounts. Concentrations of credit risk with respect to accounts receivable are limited because a large number of customers make up the Company’s customer base. The Company controls credit risk through credit approvals, credit limits and monitoring procedures. The Company primarily obtains its recycled OEM and related products from damaged, totaled or low value vehicles purchased at salvage auto auctions. Since the Combinations with the Founding Companies, substantially all of the vehicles purchased by the Company for dismantling were acquired at auctions run by two salvage auto auction companies.
Accounts Receivable and Allowance for Doubtful Accounts	Accounts Receivable and Allowance for Doubtful Accounts In the normal course of business, the Company extends credit to customers after a review of each customer’s credit history. The Company recorded a reserve for uncollectible accounts of approximately $171,000 at June 30, 2015 and $0 as of December 31, 2014. The reserve is based upon management’s assessment of the collectability of specific customer accounts, the aging of the accounts receivable and historical experience. Receivables are written off once collection efforts have been exhausted. Recoveries of accounts receivable previously written off are recorded when received.
Inventories	Inventories Inventories consist entirely of recycled OEM and aftermarket products, including car hulls and other materials that will be sold as scrap and, to a lesser extent, used cars and motorcycles for resale. Inventory costs for recycled OEM parts are established based upon the price the Company pays for a vehicle, including auction, storage and towing fees, as well as expenditures for buying and dismantling vehicles. After dismantling, the cost assigned to the salvaged parts and scrap is determined using the average cost of sales percentage at the Company and applying that percentage to the Company’s inventory at expected selling prices. The average cost to sales percentage is derived from the Company’s historical vehicle profitability for salvage vehicles purchased at auction or procured from other sources. With respect to self-service inventories, costs are established by calculating the average sales price per vehicle, including its scrap value and part value, applied to the total vehicles on-hand. Inventory costs for used cars and motorcycles for resale are established based upon the price the Company pays for these items. For all inventories, carrying value is recorded at the lower of cost or market and is reduced to reflect the age of the products and current anticipated demand. If actual demand differs from the Company’s estimates, additional reductions to inventory carrying value would be necessary in the period such determination is made.
Property and Equipment	Property and Equipment Property and equipment are recorded at cost less accumulated depreciation and amortization. Expenditures for maintenance and repairs are charged against operations. Renewals and betterments that materially extend the useful life of an asset are capitalized. As property and equipment are sold or retired, the applicable cost and accumulated depreciation and amortization are removed from the accounts and any resulting gain or loss thereon is recognized. Depreciation and amortization expense is calculated using the straight-line method over the estimated useful lives or, in the case of leasehold improvements, the term of the related lease and reasonably assurance renewal periods, if shorter. Depreciation and amortization expense totaled approximately $642,000 for the post-Combinations period ended June 30, 2015. Estimated useful lives of property and equipment acquired after May 19, 2015 are as follows: Vehicles 5 years Machinery and equipment 3-10 years Leasehold improvements 10-15 years or term of lease, if shorter For property and equipment the Company acquired in the Combinations, the average estimated remaining useful lives are as follows: Vehicles 3-4 years Machinery and equipment 4-5 years Leasehold improvements 5-6 years or term of lease, if shorter The Company evaluates the recoverability of the carrying amount of property and equipment and amortizable intangible assets whenever events or changes in circumstances indicate that the carrying amount of an asset may not be fully recoverable based on an analysis of undiscounted cash flows. There were no such events or changes in the three and six month periods ended June 30, 2015 and 2014.
Goodwill	Goodwill Goodwill is recorded when the purchase price paid for an acquisition exceeds the estimated fair value of the net identified tangible and intangible assets acquired. The Company is required to perform an annual impairment review, and more frequently under certain circumstances. Under the qualitative goodwill impairment assessment standard, management evaluates whether it is more likely than not that the fair value of the reporting unit is less than its carrying value. If it is determined that it is more likely than not, the Company proceeds with the next step of the impairment test, which compares the fair value of the reporting unit to its carrying value. If the Company determines through the impairment process that goodwill has been impaired, the Company will record the impairment charge in its results of operations. The Company has elected to perform its annual evaluation of impairment as of December 31. There were no impairment charges related to goodwill during the post-Combination period ended June 30, 2015.
Intangible Assets	Intangible Assets Intangible assets subject to amortization consist of tradenames, customer relationships and non-compete agreements. Amortization expense is calculated using the straight-line method over the estimated useful lives of the assets of: 5 years for tradenames; and 5 years for noncompete covenants. Amortization expense is calculated using the accelerated method over the estimated useful life of the asset of 15 years for customer relationships. Amortization expense for intangible assets was $348,000 for the post-Combination period ended June 30, 2015.
Indemnification Receivable	Indemnification Receivable In conjunction with the Combinations, the Company recorded an indemnification receivable of $4,243,851, which represents recoverable amounts from the former owners of certain of the Founding Companies if the Company is required to make certain income tax or other payments as defined in the relevant Combination agreements after the Combinations.
Refundable Purchase Price Consideration	Refundable Purchase Price Consideration In conjunction with the Combinations, the Company entered into operating facility lease agreements with affiliates of the equity holders of the Founding Companies. Based on preliminary independent valuations of the market rental rates compared to the contractual rental rates for these properties, the excess is reflected in the intangible assets as additional Combination Consideration refundable over the term of the related lease. The effect of discounting these payments at 10% is reflected in other non-current assets. The Company amortizes these net assets over the life of the leases so that aggregate rent expense in the statements of operations reflects market rental rates as of the date of Combination; a corresponding net interest income element is also recorded to reflect the passage of time impact on the net asset.
Fair Value Measurements	Fair Value Measurements Fair value of financial assets and liabilities are defined as the exchange price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants in the principal market at the measurement date (exit price). The Company is required to classify fair value measurements in one of the following categories: • Level 1 - inputs which are defined as quoted prices (unadjusted) in active markets for identical assets or liabilities that the reporting entity has the ability to access at the measurement date. • Level 2 - inputs which are defined as inputs other than quoted prices included within Level 1 that are observable for the assets or liabilities, either directly or indirectly. • Level 3 - inputs are defined as unobservable inputs for the assets or liabilities. Financial assets and liabilities are classified based on the lowest level of input that is significant to the fair value measurement. The Company’s assessment of the significance of a particular input to the fair value measurement requires judgment, and may affect the valuation of the fair value of assets and liabilities and their placement within the fair value hierarchy levels. Certain assets and liabilities are required to be recorded at fair value on either a recurring or non-recurring basis; however, the Company had no assets or liabilities that require recurring fair value measurements at December 31, 2014. Fair value is determined based on the exchange price that would be received for an asset or paid to transfer a liability in an orderly transaction between market participants. At June 30, 2015, the fair value of contingent consideration recorded in the consolidated financial statements was valued using Level 3 inputs. The Company’s financial instruments, including cash and cash equivalents, accounts receivable, accounts payable, and accrued expenses are carried at cost, which approximates fair value due to the short-term maturity of these instruments. The Company’s debt is carried at cost and approximates fair value due to its variable or fixed interest rates, which are consistent with the interest rates in the market. The Company may be required, on a non-recurring basis, to adjust the carrying value of the Company’s property and equipment, intangible assets and goodwill. When necessary, these valuations are determined by the Company using Level 3 inputs. These assets are subject to fair value adjustments in certain circumstances, such as when there is evidence that impairment may exist. There have been no indicators of impairment during 2015.
Deferred Stock Offering Costs	Deferred Stock Offering Costs The Company incurred approximately $1,393,000 and $346,000 of legal, accounting, and other costs directly related to its IPO through May 19, 2015 and December 31, 2014, respectively. The Company also incurred $7,728,000 of underwriting cost. Such costs were applied against the gross proceeds from the IPO upon its closing.
Income Taxes	Income Taxes Income taxes are accounted for under the asset and liability method where deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and the respective tax basis and for tax credit carry forwards. 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. A valuation allowance is established when it is more likely than not that some portion or all of the deferred tax assets will not be realized. The Company evaluates the realizability of its deferred tax assets by assessing its valuation allowance and by adjusting the amount of such allowance, if necessary. The factors used to assess the likelihood of realization include historical cumulative losses, the forecast of future taxable income and available tax planning strategies that could be implemented to realize the net deferred tax assets. Failure to achieve forecasted taxable income in applicable tax jurisdictions could affect the ultimate realization of deferred tax assets and could result in an increase in the Company’s effective tax rate on future earnings. The Company recognizes the benefits of uncertain tax positions taken or expected to be taken in tax returns in the provision for income taxes only for those positions that are more likely than not to be realized. The Company follows a two-step approach to recognizing and measuring uncertain tax positions. The first step is to evaluate the tax position for recognition by determining if the weight of available evidence indicates it is more likely than not that the position will be sustained on audit, including resolution of related appeals or litigation processes, if any. The second step is to measure the tax benefit as the largest amount that is more than 50% likely of being realized upon ultimate settlement. The Company considers many factors when evaluating and estimating its tax positions and tax benefits, which may require periodic adjustments and which may not accurately forecast actual outcomes. As of June 30, 2015 and December 31, 2014, the Company has not identified any uncertain tax positions that relate to Fenix. The Company did assume, on an indemnifiable basis, certain uncertain tax positions reserves in the Combinations. The Company’s policy is to include interest and penalties associated with income tax obligations in income tax expense. The Company's right to indemnification under certain Combination Agreements related to these uncertain tax positions is subject to a threshold of 1% of the purchase price and a cap of 40% of the purchase price paid in the Combinations.
Foreign Currency	Foreign Currency The assets and liabilities of Fenix Canada, whose functional currency is the Canadian dollar, are translated into US dollars at period-end exchange rates. Income and expense items are translated at the average rates of exchange prevailing during the period. The adjustments resulting from translating the Canadian financial statements are reflected as a component of accumulated other comprehensive loss within shareholders’ equity (deficit). Foreign currency transaction gains and losses are recognized in net earnings based on differences between foreign exchange rates on the transaction date and the settlement or period end date.
Earnings (Loss) Per Share	Earnings (Loss) Per Share Basic earnings (loss) per share is computed by dividing net income (loss) available to common shares by the weighted average common shares outstanding during the period using the two-class method. The Fenix Canada preferred shares are considered participating securities and therefore share in the net income (loss) of the period since being issued on May 19, 2015. Diluted earnings (loss) per share would include the impact of outstanding common share equivalents as if those equivalents were exercised or converted into common shares if such assumed exercise or conversion were dilutive. Contingently issuable shares are excluded from basic and diluted earnings per share until issuance is no longer contingent. The calculations of loss per share are as follows: Three Months Ended June 30, Six Months Ended June 30, 2015 2014 2015 2014 Basic Loss per Common Share: Net loss $ (3,974,180 ) $ (627,260 ) $ (6,603,385 ) $ (627,444 ) Net loss allocable to Fenix Canada preferred shares (175,132 ) — (238,560 ) — Net loss available to common shares $ (3,799,048 ) $ (627,260 ) $ (6,364,825 ) $ (627,444 ) Weighted-average common shares outstanding 11,388,524 2,156,400 7,003,537 2,007,028 Basic and diluted Loss per Common Share $ (0.33 ) $ (0.29 ) $ (0.91 ) $ (0.31 ) As a result of the net loss for the three and six months ended June 30, 2015 and 2014, the Company used basic weighted-average common shares outstanding in the calculation of diluted loss per share for each of these periods, since the inclusion of any stock equivalents would be anti-dilutive. The following outstanding equity instruments as of June 30, 2015 are not included in the computation of diluted loss per share as the effect of including such stock options and restricted stock awards in the computation would be anti-dilutive: Three Months Ended June 30, Six Months Ended June 30, 2015 2014 2015 2014 Stock options 470,000 — 470,000 — Leesville bonus shares 271,112 — 271,112 — The Company has 11,667 common shares and 280,000 shares of Fenix Canada preferred stock held in escrow relating to contingent consideration agreements with certain Founding Companies. These shares are not included in basic EPS or in the shares used to calculate the net loss attributable to Fenix Canada preferred shares until the issuance is no longer contingent on future events.
Recent Accounting Pronouncements	Recent Accounting Pronouncements Under the JOBS Act, the Company meets the definition of an “emerging growth company.” The Company has irrevocably elected to opt out of the extended transition period for complying with new or revised accounting standards pursuant to Section 107(b) of the JOBS Act. In July 2015, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2015-11, Simplifying the Measurement of Inventory In April 2015, the FASB issued ASU No. 2015-3 which amends Accounting Standards Codification (“ASC”) Topic 835, Interest, to require presentation of certain debt issuance costs as a direct deduction from the carrying amount of a debt liability, consistent with debt discounts. The Company early adopted this ASU for the period ended June 30, 2015 and it did not have a material impact on the consolidated financial statements. In February 2015, the FASB issued ASU 2015-02, Amendments to the Consolidation Analysis In August 2014, the FASB issued ASU 2014-15 which amends ASC Topic 205 , Presentation of Financial Statements In May 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers In April 2014, the FASB issued ASU No. 2014-08, which amends FASB ASC Topic 205, Presentation of Financial Statements Property, Plant, and Equipment

Summary of Significant Accoun20

Summary of Significant Accounting Policies (Tables)	6 Months Ended
	Jun. 30, 2015
Accounting Policies [Abstract]
Schedule of Estimated Useful Lives	Estimated useful lives of property and equipment acquired after May 19, 2015 are as follows: Vehicles 5 years Machinery and equipment 3-10 years Leasehold improvements 10-15 years or term of lease, if shorter For property and equipment the Company acquired in the Combinations, the average estimated remaining useful lives are as follows: Vehicles 3-4 years Machinery and equipment 4-5 years Leasehold improvements 5-6 years or term of lease, if shorter
Calculations of Earnings (Loss) Per Share	The calculations of loss per share are as follows: Three Months Ended June 30, Six Months Ended June 30, 2015 2014 2015 2014 Basic Loss per Common Share: Net loss $ (3,974,180 ) $ (627,260 ) $ (6,603,385 ) $ (627,444 ) Net loss allocable to Fenix Canada preferred shares (175,132 ) — (238,560 ) — Net loss available to common shares $ (3,799,048 ) $ (627,260 ) $ (6,364,825 ) $ (627,444 ) Weighted-average common shares outstanding 11,388,524 2,156,400 7,003,537 2,007,028 Basic and diluted Loss per Common Share $ (0.33 ) $ (0.29 ) $ (0.91 ) $ (0.31 )
Schedule of Anti-dilutive Securities	The following outstanding equity instruments as of June 30, 2015 are not included in the computation of diluted loss per share as the effect of including such stock options and restricted stock awards in the computation would be anti-dilutive: Three Months Ended June 30, Six Months Ended June 30, 2015 2014 2015 2014 Stock options 470,000 — 470,000 — Leesville bonus shares 271,112 — 271,112 —

Combinations with Founding Co21

Combinations with Founding Companies (Tables)	6 Months Ended
	Jun. 30, 2015
Business Combinations [Abstract]
Estimated Calculation of Total Combination Consideration	The following table shows the estimated calculation of the total Combination Consideration (the following dollar amounts in tables and notes are in thousands) Beagell Standard Eiss Go Auto Jerry Leesville Total Base Fenix share consideration (a ) $ 10,822 $ — $ 2,338 $ 2,667 $ 5,333 $ 1,840 $ 23,000 Base Fenix Canada share consideration (b ) — 8,400 — — — — 8,400 Base cash consideration (c ) 19,663 30,450 6,137 4,000 6,511 11,727 78,488 Working capital and other adjustments (c ) 1,161 1,762 810 (81 ) (1,377 ) 1,132 3,407 Incremental inventory payments (d ) — 450 — — 550 — 1,000 Incremental capital expenditure payments (e ) — — — — 2,415 — 2,415 Nonsubstantive consulting fee payments (f ) 890 50 — — 847 — 1,787 Key employee cash bonuses (g ) — — — — — 2,575 2,575 Incremental off market lease payments (h ) 1,980 (2,230 ) (700 ) (140 ) (170 ) (210 ) (1,470 ) Investment in Founding Company affiliate (i ) — — — 450 — — 450 Contingent consideration (j ) — 7,683 320 — 2,433 — 10,436 Total Combination Consideration $ 34,516 $ 46,565 $ 8,905 $ 6,896 $ 16,542 $ 17,064 $ 130,488 Of this aggregate Combination Consideration, $88,135 was paid in cash on the closing date, $33,733 represents stock consideration and $8,620 represents discounted cash payments to be made up to 15 years after the Combinations. (a) The Company issued 2,874,971 shares of Fenix common stock as Combination Consideration valued at the public offering price of $8.00 per share. (b) The Company issued 1,050,000 exchangeable preferred shares of Fenix’s subsidiary, Fenix Parts Canada, Inc. (“Exchangeable Preferred Shares”) as Combination Consideration valued at the public offering price of common stock of $8.00 per share. Because these shares do not entitle the holders to any Fenix Canada dividends or distributions, no earnings or losses of Fenix Canada are attributable to those holders. However, these shares do participate in the net income (but not in net losses) of the consolidated company for earnings (loss) per share computations. (c) The base cash component of the Combination Consideration for each Combination is still subject to certain adjustments. For each Founding Company (in some cases, other than Standard Auto Wreckers, Inc.), the cash component of the Combination Consideration was (i) reduced by the Founding Company’s indebtedness as of closing (ii) increased by the Founding Company’s cash and qualifying inventory as of closing and (iii) increased by the Founding Company’s capital expenditures during the six months prior to closing. All of these estimated adjustments are based on information provided by the Founding Companies at closing and are subject to further adjustment as additional information is obtained. Any differences in actual cash, qualifying inventory, debt or capital expenditures as of and for the six months prior to the actual closing date will have a corresponding change to total Combination Consideration and to goodwill. (d) Represents additional consideration for certain excess or specific inventories based on the applicable Founding Company inventory listings as of closing and subject to adjustment through September 2015 as additional information is obtained. (e) Represents a construction reimbursement for capital expenditures in connection with a new building located on land that the Company leases subject to further adjustment through September 2015 as additional information is obtained. (f) Represents contractual payments to certain equity holders of the Founding Companies and their related parties over the next 1 to 15 years. These equity holders and their related parties are not employed by us and do not provide any substantive services to us. (g) Represents cash bonuses paid at closing to key employees for past service. (h) In conjunction with the Combinations, the Company entered into operating facility lease agreements with affiliates of the equity holders, generally variable interest entities that were consolidated into the Founding Companies prior to the Combinations but are not consolidated by the Company after the Combinations. Based on independent valuations of the market rental rates compared to the actual rental rates for these properties, the excess is reflected as Combination Consideration refundable over the term of the related lease. The effect of discounting these payments at 10% is reflected in the amounts presented. The related balance as of June 30, 2015 of $1,403 is reflected on the condensed consolidated balance sheet as part of Intangible asset and will be offset to cash rent expense over the life of the leases. (i) Represents the payment of $250 in cash at closing and a $200 promissory note payable over two years for a 5% membership interest in an affiliate of Go Auto. The Company also received an option to purchase the remaining 95% membership interest. (j) Represents the estimated fair value of contingent consideration arrangements with certain Founding Company equity holders. Under these arrangements, the equity holders of Standard and Eiss can earn up to an aggregate of $7,875 in cash and 11,667 shares of Fenix common stock and 280,000 Exchangeable Preferred Shares. The shareholders of Jerry Brown’s can earn an uncapped amount of additional cash if certain EBITDA and revenue targets are met. The fair value is based on independent valuations considering our the Company’s projections for the relevant Founding Companies, the respective target levels, the relative weighting of various future scenarios and a discount rate of approximately 5.0%. The changes in the fair value of this initial liability resulted in a $800 change to operating expenses in the statement of operations for the post-Combinations period ended June 30, 2015.
Schedule of Preliminary Amounts Recognized as of Acquisition Date for Each Major Class of Assets Acquired and Liabilities Assumed	The following table shows preliminary amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed: Beagell Standard Eiss Go JB Leesville Total Cash and other current 10,430 15,265 6,637 1,859 6,301 5,621 46,113 Property and equipment 4,476 4,408 364 203 1,663 641 11,755 Other non current assets 1,985 430 12 — 1,746 54 4,227 Intangible assets 7,650 10,970 2,680 3,450 2,340 6,260 33,350 Current liabilities (2,573 ) (2,008 ) (255 ) (754 ) (923 ) (654 ) (7,167 ) Deferred income taxes, net (5,787 ) (3,887 ) (3,298 ) — (2,639 ) (4,213 ) (19,824 ) Reserve for uncertain tax positions (2,017 ) (1,828 ) (1,829 ) (204 ) (5,878 ) Non-current liabilities (580 ) — — — (771 ) — (1,351 ) Total net identifiable assets acquired 13,584 23,350 6,140 4,758 5,888 7,505 61,225 Goodwill 20,932 23,215 2,765 2,138 10,654 9,559 69,263 Total net assets acquired 34,516 46,565 8,905 6,896 16,542 17,064 130,488 Included in the preliminary allocation reflected above are the various preliminary valuations described below which are primarily based on Level 3 inputs: (i) Inventory was marked up to 90% of its estimated selling price representing the inventory’s cost and estimated related profit margin. Selling costs and related profit margin were estimated at all Founding Companies to be 10%. The acquired inventory is expected to be sold within six to nine months. (ii) Assumptions for property and equipment valuation, which are based on cost and market approaches, are primarily data from industry databases and dealers on current costs of new equipment and information about the useful lives and age of the equipment. The remaining useful life of property and equipment was determined based on historical experience using such assets, and varies from 3-6 years depending on the Founding Company and nature of the assets. The Company’s independent valuation specialist is assisting the Company in determining the final valuation of the property and equipment acquired on the Combination date. Any change in the valuation resulting from the Company’s independent valuation specialist’s finalization of its analysis cannot be determined at this point. All property and equipment is being depreciated using the straight-line method. (iii) The table below summarizes the aggregate intangible assets acquired: Amount Weighted Amortization Trade names $ 5,670 5 Straight line Customer relationships 25,970 15 Accelerated Covenants not to compete 1,710 5 Straight line $ 33,350 (iv) The table above represent balances as of the date the companies were acquired and will not agree to the June 30, 2015 balance sheet due to normal operating activities. The goodwill fluctuated due to changes in foreign currency exchange rates for our Canadian operations. The fair value of trade names and customer relationships are based on a number of significant assumptions. Trade names are valued using a “relief from royalty” method, which models cash savings from owning intangible assets as compared to paying a third party for their use. Descriptions of the inputs into this method, and the estimates or ranges of these inputs used for all of the Combinations are as follows: Compound annual revenue growth rate over term of use 3.0%-6.2 % Percentage of revenue attributable to trade name in forecast year 20%-100 % Royalty rate 2.0 % Discount rate 11.5%-14.0 % Tax rate 38.6%-40.9 % The expected useful life of trade names is based on the Company’s planned timeframe for using the existing trade names the Company purchased in the Combinations. The Company amortizes such trade names using the straight-line method as no other method of amortization is more representative of the Company’s usage of these assets. Customer relationships are valued using an income approach called the multi-period excess earnings method, a form of discounted cash flow that estimates revenues and cash flows derived from the use of the intangible asset and then deducts portions of the cash flow that can be attributed to supporting assets, such as other intangible assets or property and equipment, that contributed to the generation of the cash flows to arrive at cash flows attributable solely to the intangible asset being valued. Descriptions of the inputs into this method, and the estimates or ranges of these inputs used for all of the Combinations are as follows: Compound annual revenue growth rate in forecast period 2.1%-3.1 % Annual customer attrition rate 10.0 % Gross margin in forecast period 29.9%-48.1 % Contributory asset charges as a percentage of revenue 0.0%-2.6 % Discount rate 12.5%-16.0 % Tax rate 38.6%-40.9 % The expected useful life of customer relationships is established as 15 years, which is the period over which these assets are expected to reasonably contribute to future cash flows. The Company amortizes such customer relationships using an accelerated method that reflects a greater relative contribution to future cash flows in the earlier years of the assets’ useful lives. (iv) The Company may recover amounts from the equity holders of certain of the Founding Companies if the Company is required to make certain income tax or other payments as defined in the relevant Combination agreements after the Combinations. (v) The Combination agreement between the Company and GO Auto contains a provision pursuant to which the Company purchased a 5% ownership of Go Pull-It LLC, an entity under common control with GO Auto, and the right to purchase the remaining 95% of Go Pull-It LLC for either a fixed price through the end of 2016 or, after that, a price based on a formula that is primarily dependent on the EBITDA of Go Pull-It LLC. The amount reflected above for the purchase right is based on a business valuation of Go Pull-It LLC, which inputs include but are not limited to, revenue growth, gross margin, operating expenses, income tax rate, working capital and property and equipment requirements, and an appropriate discount rate. (vi) The Company recorded deferred income taxes relating to the difference between financial reporting and tax bases of assets and liabilities acquired in the Combinations in nontaxable transactions. The Company also eliminated historical deferred income taxes of Founding Companies acquired in taxable transactions.
Schedule of Pro Forma Results of Operations	The following table shows the pro forma revenue and earnings of Fenix Parts, Inc. as if the Combinations with the Founding Companies had occurred on January 1, 2014 (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2015 2014 2015 2014 Revenue $ 25,591 $ 27,294 $ 50,270 $ 54,114 Net loss $ (3,312 ) $ (695 ) $ (6,536 ) $ (444 )

Long-Term Obligations (Tables)

Long-Term Obligations (Tables)	6 Months Ended
	Jun. 30, 2015
Debt Disclosure [Abstract]
Schedule of Long-Term Obligations	The term of the revolving credit facility and the term loan facility is five years. June 30, (in thousands) 2015 Obligations: Term loan $ 9,460 Go Pull-It note 200 9,660 Less current maturities 725 $ 8,935

Accrued Expenses and Other Cu23

Accrued Expenses and Other Current Liabilities (Tables)	6 Months Ended
	Jun. 30, 2015
Payables and Accruals [Abstract]
Accrued expenses and other current liabilities	Accrued expenses and other current liabilities consisted of following: June 30, December 31, Accounting, consulting and legal fees $ 1,572,540 $ 48,431 Employee compensation 1,066,978 175,000 Other 951,118 80,300 Total accrued expenses and other current liabilities $ 3,590,636 $ 303,731

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	6 Months Ended
	Jun. 30, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Assumptions of Weighted Average Fair Value of Stock Options Granted	Based on the results of the model, the weighted-average fair value of the stock options granted during the six-month period ended June 30, 2015 were as follows using the following assumptions: May 13, May 13, June 15, Weighted average fair value $ 2.67 $ 2.47 $ 3.33 Expected dividend yield 0.0 % 0.0 % 0.0 % Risk-free interest rate 1.84 % 1.68 % 1.81 % Expected volatility 30.0 % 30.0 % 30.0 % Expected life of option 6.3 years 5.5 years 5.5 years
Summary of Stock Option Activity	Stock option activity for the Company’s Plan for the six months ended June 30, 2015 was as follows: Number Weighted- Weighted- Aggregate Outstanding on January 1, 2015 — $ — Granted 470,000 8.23 Exercised — — Expired or forfeited — — Outstanding on June 30, 2015 470,000 $ 8.23 9.9 $ 842,000 Exercisable on June 30, 2015 — $ — — $ —

Description of Business and B25

Description of Business and Basis of Presentation - Additional Information (Detail)	Jan. 02, 2014Entity	Sep. 30, 2014USD ($)
Product Information [Line Items]
Number of corporate entities acquired	11
Number of businesses acquired	8
Chief Executive Officer And Chief Financial Officer [Member]
Product Information [Line Items]
Compensation expense | $		$ 0

Summary of Significant Accoun26

Summary of Significant Accounting Policies - Additional Information (Detail) - USD ($)	Jun. 30, 2015	May. 19, 2015	Dec. 31, 2014	Jun. 30, 2015	Jun. 30, 2015
Significant Accounting Policies [Line Items]
Reserve for estimated returns and discounts	$ 747,000		$ 0
Deferred revenue recognized					$ 31,000
Reserve for uncollectible accounts	171,000		0	$ 171,000	171,000
Depreciation and amortization expense				642,000	710,004
Goodwill, impairment charges				0
Amortization expense for intangible assets				348,000
Indemnification receivable	$ 4,243,851	$ 4,243,851		$ 4,243,851	4,243,851
Leasing Arrangements, Operating Leases		The effect of discounting these payments at 10% is reflected in other non-current assets.
Deferred stock offering costs			346,369
Underwriting costs					$ 7,728,000
Indemnification related to uncertain tax positions					The indemnification related to these uncertain tax positions must be in excess of 1% of purchase price with a total maximum of 40% of purchase price.
Total maximum purchase price					40.00%
Common Stock [Member]
Significant Accounting Policies [Line Items]
Contingent consideration arrangement shares		11,667
Exchangeable Preferred Stock [Member]
Significant Accounting Policies [Line Items]
Contingent consideration arrangement shares		280,000
Exchangeable Preferred Stock [Member] | Fenix Parts Canada Inc [Member]
Significant Accounting Policies [Line Items]
Contingent consideration arrangement shares		280,000
Minimum [Member]
Significant Accounting Policies [Line Items]
Estimated useful lives of intangible assets		1 year
Percentage Indemnification related to uncertain tax positions					1.00%
IPO [Member]
Significant Accounting Policies [Line Items]
Deferred stock offering costs		$ 1,393,000	$ 346,000
Trade Names [Member]
Significant Accounting Policies [Line Items]
Estimated useful lives of intangible assets					5 years
Customer Relationships [Member]
Significant Accounting Policies [Line Items]
Estimated useful lives of intangible assets					15 years
Noncompete Agreements [Member]
Significant Accounting Policies [Line Items]
Estimated useful lives of intangible assets					5 years

Schedule of Estimated Useful Li

Schedule of Estimated Useful Lives (Detail)	6 Months Ended
	Jun. 30, 2015
Minimum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives	3 years
Maximum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives	6 years
Vehicles [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives	5 years
Vehicles [Member] | Minimum [Member] | Combination Agreements [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives	3 years
Vehicles [Member] | Maximum [Member] | Combination Agreements [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives	4 years
Machinery and Equipment [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives	3 years
Machinery and Equipment [Member] | Minimum [Member] | Combination Agreements [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives	4 years
Machinery and Equipment [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives	10 years
Machinery and Equipment [Member] | Maximum [Member] | Combination Agreements [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives	5 years
Leasehold Improvements [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives	10-15 years or term of lease, if shorter
Leasehold Improvements [Member] | Combination Agreements [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives	5-6 years or term of lease, if shorter

Calculations of Earnings (Loss)

Calculations of Earnings (Loss) Per Share (Detail) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Basic Loss per Common Share
Net loss	$ (3,974,180)	$ (627,260)	$ (6,603,385)	$ (627,444)
Net loss allocable to Fenix Canada preferred shares	(175,132)		(238,560)
Net loss available to common shares	$ (3,799,048)	$ (627,260)	$ (6,364,825)	$ (627,444)
Weighted-average common shares outstanding	11,388,524	2,156,400	7,003,537	2,007,028
Basic and diluted Loss per Common Share	$ (0.33)	$ (0.29)	$ (0.91)	$ (0.31)

Schedule of Anti-dilutive Secur

Schedule of Anti-dilutive Securities (Detail) - Jun. 30, 2015 - shares	Total	Total
Employee Stock Option [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive securities	470,000	470,000
Bonus Shares [Member] | Leesville [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive securities	271,112	271,112

Estimated Calculation of Total

Estimated Calculation of Total Combination Consideration (Detail) - USD ($) $ in Thousands	May. 19, 2015	Jun. 30, 2015
Business Acquisition [Line Items]
Base cash consideration	$ 78,488
Working capital and other adjustments	3,407
Incremental inventory payments	1,000
Incremental capital expenditure payments	2,415	$ 11,755
Nonsubstantive consulting fee payments	1,787
Key employee cash bonuses	2,575
Incremental off market lease payments	(1,470)
Investment in Founding Company affiliate	450	4,227
Contingent consideration	10,436
Total Combination Consideration	130,488
Aggregate business combination consideration, paid in cash	88,135
Base Fenix Canada share consideration	33,733
Business combination, discounted cash payment	$ 8,620
Business combination, discounted cash payment projection period	15 years
United States [Member]
Business Acquisition [Line Items]
Base Fenix Canada share consideration	$ 23,000
Canada [Member]
Business Acquisition [Line Items]
Base Fenix Canada share consideration	8,400
Go Auto [Member]
Business Acquisition [Line Items]
Base cash consideration	4,000
Working capital and other adjustments	(81)
Incremental capital expenditure payments		203
Incremental off market lease payments	(140)
Investment in Founding Company affiliate	450
Total Combination Consideration	6,896
Go Auto [Member] | United States [Member]
Business Acquisition [Line Items]
Base Fenix Canada share consideration	2,667
Beagell [Member]
Business Acquisition [Line Items]
Base cash consideration	19,663
Working capital and other adjustments	1,161
Incremental capital expenditure payments		4,476
Nonsubstantive consulting fee payments	890
Incremental off market lease payments	1,980
Investment in Founding Company affiliate		1,985
Total Combination Consideration	34,516
Beagell [Member] | United States [Member]
Business Acquisition [Line Items]
Base Fenix Canada share consideration	10,822
Standard [Member]
Business Acquisition [Line Items]
Base cash consideration	30,450
Working capital and other adjustments	1,762
Incremental inventory payments	450
Incremental capital expenditure payments		4,408
Nonsubstantive consulting fee payments	50
Incremental off market lease payments	(2,230)
Investment in Founding Company affiliate		430
Contingent consideration	7,683
Total Combination Consideration	46,565
Standard [Member] | Canada [Member]
Business Acquisition [Line Items]
Base Fenix Canada share consideration	8,400
Eiss Brothers [Member]
Business Acquisition [Line Items]
Base cash consideration	6,137
Working capital and other adjustments	810
Incremental capital expenditure payments		364
Incremental off market lease payments	(700)
Investment in Founding Company affiliate		12
Contingent consideration	320
Total Combination Consideration	8,905
Eiss Brothers [Member] | United States [Member]
Business Acquisition [Line Items]
Base Fenix Canada share consideration	2,338
Jerry Brown [Member]
Business Acquisition [Line Items]
Base cash consideration	6,511
Working capital and other adjustments	(1,377)
Incremental inventory payments	550
Incremental capital expenditure payments	2,415	1,663
Nonsubstantive consulting fee payments	847
Incremental off market lease payments	(170)
Investment in Founding Company affiliate		1,746
Contingent consideration	2,433
Total Combination Consideration	16,542
Jerry Brown [Member] | United States [Member]
Business Acquisition [Line Items]
Base Fenix Canada share consideration	5,333
Leesville [Member]
Business Acquisition [Line Items]
Base cash consideration	11,727
Working capital and other adjustments	1,132
Incremental capital expenditure payments		641
Key employee cash bonuses	2,575
Incremental off market lease payments	(210)
Investment in Founding Company affiliate		$ 54
Total Combination Consideration	17,064
Leesville [Member] | United States [Member]
Business Acquisition [Line Items]
Base Fenix Canada share consideration	$ 1,840

Estimated Calculation of Tota31

Estimated Calculation of Total Combination Consideration (Parenthetical) (Detail) - USD ($)	May. 19, 2015	Jun. 30, 2015
Business Acquisition [Line Items]
Leasing Arrangements, Operating Leases	The effect of discounting these payments at 10% is reflected in other non-current assets.
Business combination refundable consideration reflected in Intangible asset		$ 1,403,000
Discount rate	5.00%
Change in fair value of contingent consideration		$ 808,856
Go Auto [Member]
Business Acquisition [Line Items]
Payments to acquire interest in affiliates, cash	$ 250,000
Payments to acquire interest in affiliates, promissory note	$ 200,000
Promissory notes, maturity term (Years)	2 years
Membership interest in affiliate	5.00%
Membership interest in affiliate, remaining	95.00%
Minimum [Member]
Business Acquisition [Line Items]
Useful Life	1 year
Maximum [Member]
Business Acquisition [Line Items]
Useful Life	15 years
Contingent consideration arrangement cash to be earned	$ 7,875
Common Stock [Member]
Business Acquisition [Line Items]
Business combination, stock issued as consideration	2,874,971
Business combination, public offering price per share	$ 8
Contingent consideration arrangement shares	11,667
Exchangeable Preferred Stock [Member]
Business Acquisition [Line Items]
Contingent consideration arrangement shares	280,000
Exchangeable Preferred Stock [Member] | Fenix Parts Canada Inc [Member]
Business Acquisition [Line Items]
Business combination, stock issued as consideration	1,050,000
Business combination, public offering price per share	$ 8
Contingent consideration arrangement shares	280,000

Schedule of Preliminary Amounts

Schedule of Preliminary Amounts Recognized as of Acquisition Date for Each Major Class of Assets Acquired and Liabilities Assumed (Detail) - USD ($)	Jun. 30, 2015	May. 19, 2015
Business Combination, Separately Recognized Transactions [Line Items]
Cash and other current	$ 46,113,000
Property and equipment	11,755,000	$ 2,415,000
Other non current assets	4,227,000	450,000
Intangible assets	33,350,000
Current liabilities	(7,167,000)
Deferred income taxes, net	(19,824,000)
Reserve for uncertain tax positions	(5,878,000)
Non-current liabilities	(1,351,000)
Total net identifiable assets acquired	61,225,000
Goodwill	69,797,910
Total net assets acquired	130,488,000
Beagell [Member]
Business Combination, Separately Recognized Transactions [Line Items]
Cash and other current	10,430,000
Property and equipment	4,476,000
Other non current assets	1,985,000
Intangible assets	7,650,000
Current liabilities	(2,573,000)
Deferred income taxes, net	(5,787,000)
Reserve for uncertain tax positions	(2,017,000)
Non-current liabilities	(580,000)
Total net identifiable assets acquired	13,584,000
Goodwill	20,932,000
Total net assets acquired	34,516,000
Standard [Member]
Business Combination, Separately Recognized Transactions [Line Items]
Cash and other current	15,265,000
Property and equipment	4,408,000
Other non current assets	430,000
Intangible assets	10,970,000
Current liabilities	(2,008,000)
Deferred income taxes, net	(3,887,000)
Reserve for uncertain tax positions	(1,828,000)
Total net identifiable assets acquired	23,350,000
Goodwill	23,215,000
Total net assets acquired	46,565,000
Eiss Brothers [Member]
Business Combination, Separately Recognized Transactions [Line Items]
Cash and other current	6,637,000
Property and equipment	364,000
Other non current assets	12,000
Intangible assets	2,680,000
Current liabilities	(255,000)
Deferred income taxes, net	(3,298,000)
Total net identifiable assets acquired	6,140,000
Goodwill	2,765,000
Total net assets acquired	8,905,000
Go Auto [Member]
Business Combination, Separately Recognized Transactions [Line Items]
Cash and other current	1,859,000
Property and equipment	203,000
Other non current assets		450,000
Intangible assets	3,450,000
Current liabilities	(754,000)
Total net identifiable assets acquired	4,758,000
Goodwill	2,138,000
Total net assets acquired	6,896,000
Jerry Brown [Member]
Business Combination, Separately Recognized Transactions [Line Items]
Cash and other current	6,301,000
Property and equipment	1,663,000	$ 2,415,000
Other non current assets	1,746,000
Intangible assets	2,340,000
Current liabilities	(923,000)
Deferred income taxes, net	(2,639,000)
Reserve for uncertain tax positions	(1,829,000)
Non-current liabilities	(771,000)
Total net identifiable assets acquired	5,888,000
Goodwill	10,654,000
Total net assets acquired	16,542,000
Leesville [Member]
Business Combination, Separately Recognized Transactions [Line Items]
Cash and other current	5,621,000
Property and equipment	641,000
Other non current assets	54,000
Intangible assets	6,260,000
Current liabilities	(654,000)
Deferred income taxes, net	(4,213,000)
Reserve for uncertain tax positions	(204,000)
Total net identifiable assets acquired	7,505,000
Goodwill	9,559,000
Total net assets acquired	$ 17,064,000

Schedule of Preliminary Amoun33

Schedule of Preliminary Amounts Recognized as of Acquisition Date for Each Major Class of Assets Acquired and Liabilities Assumed (Parenthetical) (Detail)	May. 19, 2015	Jun. 30, 2015
Business Combination, Separately Recognized Transactions [Line Items]
Inventory mark up percentage		90.00%
Selling cost and profit margin percentage		10.00%
Ownership percentage		5.00%
Minimum [Member]
Business Combination, Separately Recognized Transactions [Line Items]
Expected sale period of acquired inventory		6 months
Remaining useful life		3 years
Estimated useful lives of intangible assets	1 year
Maximum [Member]
Business Combination, Separately Recognized Transactions [Line Items]
Expected sale period of acquired inventory		9 months
Remaining useful life		6 years
Estimated useful lives of intangible assets	15 years
Customer Relationships [Member]
Business Combination, Separately Recognized Transactions [Line Items]
Estimated useful lives of intangible assets		15 years
Go Pull-It LLC [Member]
Business Combination, Separately Recognized Transactions [Line Items]
Ownership percentage		5.00%
Minority interest ownership percentage		95.00%

Schedule of Preliminary Amoun34

Schedule of Preliminary Amounts Recognized as of Acquisition Date for Each Major Class of Assets Acquired and Liabilities Assumed (Allocation of Intangible Assets) (Detail) - Jun. 30, 2015 - USD ($) $ in Thousands	Total
Finite-Lived Intangible Assets [Line Items]
Intangible assets	$ 33,350
Trade Names [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible assets	$ 5,670
Weighted average life (years)	5 years
Customer Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible assets	$ 25,970
Weighted average life (years)	15 years
Noncompete Agreements [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible assets	$ 1,710
Weighted average life (years)	5 years

Schedule of Preliminary Amoun35

Schedule of Preliminary Amounts Recognized as of Acquisition Date for Each Major Class of Assets Acquired and Liabilities Assumed (Description of Estimates or Ranges of Inputs) (Parenthetical) (Detail)	6 Months Ended
	Jun. 30, 2015
Multi Period Excess Earnings Method [Member] | Customer Relationships [Member]
Business Combination, Separately Recognized Transactions [Line Items]
Annual customer attrition rate	10.00%
Multi Period Excess Earnings Method [Member] | Customer Relationships [Member] | Minimum [Member]
Business Combination, Separately Recognized Transactions [Line Items]
Compound annual revenue growth rate in forecast period	2.10%
Gross margin in forecast period	29.90%
Contributory asset charges as a percentage of revenue	0.00%
Discount rate	12.50%
Tax rate	38.60%
Multi Period Excess Earnings Method [Member] | Customer Relationships [Member] | Maximum [Member]
Business Combination, Separately Recognized Transactions [Line Items]
Compound annual revenue growth rate in forecast period	3.10%
Gross margin in forecast period	48.10%
Contributory asset charges as a percentage of revenue	2.60%
Discount rate	16.00%
Tax rate	40.90%
Relief from Royalty Method [Member] | Trade Names [Member]
Business Combination, Separately Recognized Transactions [Line Items]
Royalty rate	2.00%
Relief from Royalty Method [Member] | Trade Names [Member] | Minimum [Member]
Business Combination, Separately Recognized Transactions [Line Items]
Compound annual revenue growth rate in forecast period	3.00%
Percentage of revenue attributable to trade name in forecast year	20.00%
Discount rate	11.50%
Tax rate	38.60%
Relief from Royalty Method [Member] | Trade Names [Member] | Maximum [Member]
Business Combination, Separately Recognized Transactions [Line Items]
Compound annual revenue growth rate in forecast period	6.20%
Percentage of revenue attributable to trade name in forecast year	100.00%
Discount rate	14.00%
Tax rate	40.90%

Combinations with Founding Co36

Combinations with Founding Companies - Additional Information (Detail)	6 Months Ended
	Jun. 30, 2015
Business Combinations [Abstract]
Combination agreement date	May 19, 2015

Schedule of Pro Forma Results o

Schedule of Pro Forma Results of Operations (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Business Acquisition, Pro Forma Information [Abstract]
Revenue	$ 25,591	$ 27,294	$ 50,270	$ 54,114
Net loss	$ (3,312)	$ (695)	$ (6,536)	$ (444)

Long-Term Obligations - Additio

Long-Term Obligations - Additional Information (Detail) - USD ($)	May. 19, 2015	Jun. 30, 2015	May. 06, 2015
Debt Instrument [Line Items]
Letter of credit		$ 5,900,000
Debt issuance costs		$ 428,000
Obligations [Member] | Secured Debt [Member]
Debt Instrument [Line Items]
Senior secured credit facility			$ 35,000,000
Line of credit			$ 10,000,000
Letter of credit	$ 5,900,000
Additional borrowing capacity	$ 20,000,000
Term of revolving credit facility	5 years
Securities owned and pledged as collateral, description		The Company pledged all of the stock in its domestic subsidiaries as security and 66% of the stock of its direct, Canadian subsidiary, Fenix Canada (other than its exchangeable preferred shares).
Debt covenant, percentage of net income added to tangible net worth		50.00%
Obligations [Member] | Secured Debt [Member] | Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Senior secured credit facility	$ 25,000,000
Obligations [Member] | Secured Debt [Member] | Revolving Credit Facility [Member] | United States of America, Dollars [Member]
Debt Instrument [Line Items]
Senior secured credit facility	20,000,000
Obligations [Member] | Secured Debt [Member] | Revolving Credit Facility [Member] | United States of America, Dollars [Member] | Letter of Credit [Member]
Debt Instrument [Line Items]
Senior secured credit facility	7,500,000
Obligations [Member] | Secured Debt [Member] | Revolving Credit Facility [Member] | Canadian Dollar and US Dollar [Member]
Debt Instrument [Line Items]
Senior secured credit facility	5,000,000
Obligations [Member] | Secured Debt [Member] | Revolving Credit Facility [Member] | Canadian Dollar and US Dollar [Member] | Letter of Credit [Member]
Debt Instrument [Line Items]
Senior secured credit facility	2,500,000
Obligations [Member] | Secured Debt [Member] | Term Loan [Member]
Debt Instrument [Line Items]
Senior secured credit facility	$ 10,000,000
Obligations [Member] | Secured Debt [Member] | Maximum [Member]
Debt Instrument [Line Items]
Debt covenant, leverage ratio		2.75
Obligations [Member] | Secured Debt [Member] | Minimum [Member]
Debt Instrument [Line Items]
Debt covenant, fixed charge coverage ratio		1.2
Debt covenant, tangible net worth		$ 102,600,000
Obligations [Member] | Secured Debt [Member] | United States [Member]
Debt Instrument [Line Items]
Debt instrument, description of variable rate basis		The base rate is the highest of (i) the rate BMO Harris Bank N.A. announces as its "prime rate," (ii) 0.50% above the rate on overnight federal funds transactions or (iii) the London Interbank Offered Rate (LIBOR) for an interest period of one month plus 1.00%. The applicable margin is based on our total leverage ratio. The initial margin for interest rates on borrowings under the credit facility is 2.00% on LIBOR loans and 1.00% on base rate loans.
Obligations [Member] | Secured Debt [Member] | United States [Member] | Overnight Federal Funds Rate Base [Member]
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate		0.50%
Obligations [Member] | Secured Debt [Member] | United States [Member] | London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate		1.00%
Initial margin of interest		2.00%
Obligations [Member] | Secured Debt [Member] | United States [Member] | Base Rate [Member]
Debt Instrument [Line Items]
Initial margin of interest		1.00%
Obligations [Member] | Secured Debt [Member] | Canada [Member]
Debt Instrument [Line Items]
Debt instrument, description of variable rate basis		The Canadian base rate is the higher of (i) the rate the Bank of Montreal announces as its "reference rate," or (ii) the Canadian Dollar Offered Rate (CDOR) for an interest period equal to the term of any applicable borrowing plus 0.50%. The applicable margin is based on our total leverage ratio. The initial margin for interest rates on borrowings under the credit facility is 1.00% on base rate loans.
Obligations [Member] | Secured Debt [Member] | Canada [Member] | Base Rate [Member]
Debt Instrument [Line Items]
Initial margin of interest		1.00%
Obligations [Member] | Secured Debt [Member] | Canada [Member] | Canadian Dollar Offered Rate [Member]
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate		0.50%

Schedule of Long-Term Obligatio

Schedule of Long-Term Obligations (Detail) $ in Thousands	Jun. 30, 2015USD ($)
Line of Credit Facility [Line Items]
Less current maturities	$ 725
Long-term debt noncurrent	8,935
Obligations [Member] | Secured Debt [Member]
Line of Credit Facility [Line Items]
Long-term debt	9,660
Obligations [Member] | Secured Debt [Member] | Term Loan [Member]
Line of Credit Facility [Line Items]
Long-term debt	9,460
Obligations [Member] | Secured Debt [Member] | Notes Receivable | Go Pull-It LLC [Member]
Line of Credit Facility [Line Items]
Long-term debt	$ 200

Accrued Expenses and Other Cu40

Accrued Expenses and Other Current Liabilities (Detail) - USD ($)	Jun. 30, 2015	Dec. 31, 2014
Payables and Accruals [Abstract]
Accounting, consulting and legal fees	$ 1,572,540	$ 48,431
Employee compensation	1,066,978	175,000
Other	951,118	80,300
Total accrued expenses and other current liabilities	$ 3,590,636	$ 303,731

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) - Jun. 30, 2015 - USD ($)	Total	Total
Income Tax Disclosure [Abstract]
Valuation allowance		$ 1,800,000
Effective tax rate	(57.20%)	(44.50%)
Reserve for uncertain tax positions	$ 4,618,608	$ 4,618,608
Tax position, interest and penalties		$ 1,000,000

Common Stock - Additional Infor

Common Stock - Additional Information (Detail)	May. 19, 2015USD ($)$ / sharesshares	Jan. 31, 2015USD ($)	Jan. 31, 2014shares	Apr. 30, 2014$ / sharesshares	Jun. 30, 2015USD ($)$ / sharesshares	Apr. 30, 2015$ / sharesshares
Class of Stock [Line Items]
Common stock issued in public offering, shares | shares	13,800,000		1,800,000	402,000		546,927
Shares issued, price per share | $ / shares				$ 5		$ 6.50
Shares issued for no cash consideration to convert investments | shares						20,000
Shares issued, issuance cost		$ 131,000
Gross proceeds from common stock issued in public offering					$ 102,672,000
Net proceeds from IPO	$ 101,300,000
Agreements that relate to the common stock sales					The agreements that relate to the common stock sales in March, April and September 2014 included provisions that obligated the holders of the common stock issued in January 2014 to compensate the investors in the later sales if the IPO price of Fenix common stock was less than $10.00 per share.
IPO [Member]
Class of Stock [Line Items]
Shares issued, price per share | $ / shares					$ 8
Common stock split ratio	2,000
Gross proceeds from common stock issued in public offering	$ 110,400,000
Common stock issued in public offering, issuance price per share | $ / shares	$ 8
Shares transferred from initial investors to later investors | shares					237,231
Pre-tax charge related to transfer of shares					$ 1,800,000
Over-Allotment Option [Member]
Class of Stock [Line Items]
Common stock issued in public offering, shares | shares	1,800,000
Converted Investment [Member]
Class of Stock [Line Items]
Shares issued, price per share | $ / shares						$ 7.50

Stock-Based Compensation - Addi

Stock-Based Compensation - Additional Information (Detail) - Jun. 30, 2015	USD ($)Employeeshares	USD ($)Employeeshares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation costs related to stock option awards	$ 1,203,000	$ 1,203,000
Board Members [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options, service period		1 year
Stock options, vesting period description		Immediately on the first anniversary of the award date
Employee Stock Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options, life		10 years
Vesting period		4 years
Stock options, service period		4 years
Unrecognized compensation costs related to stock option awards weighted average period		3 years 3 months 18 days
Other Awards [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation expense	$ 131,000	$ 217,000
Common stock issued upon vesting | shares	20,000
Number of employees | Employee	2	2
Operating Expenses [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation expense	$ 62,000	$ 62,000
Pre IPO [Member] | Other Awards [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation expense		$ 86,000
Leesville Bonus Shares [Member] | Bonus Shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation expense	$ 285,000
Vesting period	12 months
Number of shares issued | shares	271,112
Number of shares vested | shares	31,939
2014 Incentive Stock Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares reserved for share-based awards | shares	2,750,000	2,750,000
Number of shares available for share based awards | shares	2,280,000	2,280,000

Assumptions of Weighted Average

Assumptions of Weighted Average Fair Value of Stock Options Granted (Detail) - 6 months ended Jun. 30, 2015 - $ / shares	Total
May 13, 2015 Management Grant [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted average fair value	$ 2.67
Expected dividend yield	0.00%
Risk-free interest rate	1.84%
Expected volatility	30.00%
Expected life of option	6 years 3 months 18 days
May 13, 2015 Director Grant [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted average fair value	$ 2.47
Expected dividend yield	0.00%
Risk-free interest rate	1.68%
Expected volatility	30.00%
Expected life of option	5 years 6 months
June 15, 2015 Director Grant [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted average fair value	$ 3.33
Expected dividend yield	0.00%
Risk-free interest rate	1.81%
Expected volatility	30.00%
Expected life of option	5 years 6 months

Summary of Stock Option Activit

Summary of Stock Option Activity (Detail) - Jun. 30, 2015 - USD ($)	Total
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Number of Options, Granted	470,000
Number of Options, Exercised	0
Number of Options, Expired or forfeited	0
Number of Options, Outstanding Ending Balance	470,000
Number of Options, Exercisable Ending Balance	0
Weighted-Average Exercise Price Per Share, Granted	$ 8.23
Weighted-Average Exercise Price Per Share, Exercised	0
Weighted-Average Exercise Price Per Share, Expired or forfeited	0
Weighted-Average Exercise Price Per Share, Outstanding Ending Balance	8.23
Weighted-Average Exercise Price Per Share, Exercisable Ending Balance	$ 0
Weighted-Average Remaining Contractual Term in Years, Outstanding	9 years 10 months 24 days
Weighted-Average Remaining Contractual Term in Years, Exercisable
Aggregate Intrinsic Value Outstanding, Ending Balance	$ 842,000
Aggregate Intrinsic Value Exercisable, Ending Balance	$ 0

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Detail) - Jun. 30, 2015 - USD ($)	Total	Total
Commitments and Contingencies Disclosure [Abstract]
Operating lease rental expense	$ 320,000	$ 320,000
Percentage of common stock owned by affiliate	8.00%	8.00%

Related Party Transactions - Ad

Related Party Transactions - Additional Information (Detail)	May. 19, 2015Property	Jun. 30, 2015USD ($)	Jun. 30, 2015USD ($)
Related Party Transactions [Abstract]
Lease expiration period with option to renew	15 years
Number of properties leased | Property	16
Rent expense		$ 320,000	$ 320,000
Scheduled payments under operating lease		$ 35,800,000	35,800,000
Difference between contractual payments of lease and then-current market rental rates which served to reduce combinations consideration			$ 1,470,000
Ownership percentage			5.00%
Remaining Investment ownership Percentage		95.00%	95.00%
Investment in affiliate		$ 397,000	$ 397,000
Ownership percentage by member of management		50.00%	50.00%
Lease payment in post combination period			$ 3,000
Net revenue from related party, post combination			$ 14,000

Employee Benefit Plans - Additi

Employee Benefit Plans - Additional Information (Detail)	6 Months Ended
	Jun. 30, 2015USD ($)
Defined Contribution Pension and Other Postretirement Plans Disclosure [Abstract]
Employer discretionary contribution amount to defined contribution plan	$ 83,000

Subsequent Events - Additional

Subsequent Events - Additional Information (Detail) - USD ($)	Aug. 14, 2015	Jul. 08, 2015	May. 19, 2015	Jun. 30, 2015
Subsequent Event [Line Items]
Number of shares granted				470,000
Aggregate purchase consideration in cash			$ 130,488,000
Business combination acquired assets cash portion			$ 78,488,000
Subsequent Event [Member]
Subsequent Event [Line Items]
Total fair value of awards		$ 3,545,000
Subsequent Event [Member] | Ocean County Auto Wreckers Inc [Member]
Subsequent Event [Line Items]
Aggregate purchase consideration in cash	$ 3,210,000
Aggregate purchase consideration in shares	59,709
Business combination acquired assets cash portion	$ 2,624,000
Subsequent Event [Member] | Chief Executive Officer [Member]
Subsequent Event [Line Items]
Number of shares granted		107,877
Vesting period of options granted		1 year
Subsequent Event [Member] | Chief Financial Officer [Member]
Subsequent Event [Line Items]
Number of shares granted		107,877
Vesting period of options granted		1 year
Subsequent Event [Member] | Chief Operating Officer
Subsequent Event [Line Items]
Number of shares granted		100,000
Vesting period of options granted		4 years
Subsequent Event [Member] | 13 Other Key Employees [Member]
Subsequent Event [Line Items]
Number of shares granted		404,000
Restricted stock grants during period		150,000
Subsequent Event [Member] | 13 Other Key Employees [Member] | Minimum [Member]
Subsequent Event [Line Items]
Vesting period of options granted		4 years
Subsequent Event [Member] | 13 Other Key Employees [Member] | Maximum [Member]
Subsequent Event [Line Items]
Vesting period of options granted		5 years

Uncategorized Items - fenx-2015

Label	Element	Value
Stock Issued During Period, Value, New Issues	us-gaap_StockIssuedDuringPeriodValueNewIssues	$ 2,010,300
Additional Paid-in Capital [Member]
Stock Issued During Period, Value, New Issues	us-gaap_StockIssuedDuringPeriodValueNewIssues	2,008,214
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	$ 2,008,214
Common Stock [Member]
Shares, Outstanding	us-gaap_SharesOutstanding	2,086,000
Stock Issued During Period, Value, New Issues	us-gaap_StockIssuedDuringPeriodValueNewIssues	$ 2,086
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	$ 2,086
Stock Issued During Period, Shares, New Issues	us-gaap_StockIssuedDuringPeriodSharesNewIssues	2,086,000
Retained Earnings [Member]
Net Income (Loss) Attributable to Parent	us-gaap_NetIncomeLoss	$ (627,444)
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	$ (627,444)