Recycling Asset (IDSA) 10-Q 13 May 16 2016 Q1 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	3 Months Ended
	Mar. 31, 2016	May. 12, 2016
Entity Information [Line Items]
Entity Registrant Name	INDUSTRIAL SERVICES OF AMERICA INC /FL
Entity Central Index Key	4,187
Current Fiscal Year End Date	--12-31
Entity Filer Category	Smaller Reporting Company
Document Type	10-Q
Document Period End Date	Mar. 31, 2016
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q1
Amendment Flag	false
Entity Common Stock, Shares Outstanding		8,018,932

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($)	Mar. 31, 2016	Dec. 31, 2015
Current assets
Cash and cash equivalents	$ 428,000	$ 642,000
Income tax receivable	11,000	14,000
Accounts receivable – trade (after allowance for doubtful accounts of $35.0 thousand in 2016 and 2015, respectively)	2,095,000	1,669,000
Due from Related Parties, Current	63,000	208,000
Inventories	2,826,000	2,410,000
Prepaid expenses and other current assets	168,000	160,000
Total current assets	5,591,000	5,103,000
Net property and equipment	13,602,000	14,152,000
Other assets
Deferred income taxes	97,000	97,000
Other non-current assets	293,000	82,000
Total other assets	390,000	179,000
Total assets	19,583,000	19,434,000
Current liabilities
Current maturities of long-term debt	0	20,000
Accounts payable	1,895,000	2,152,000
Payable to related parties	343,000	1,922,000
Other current liabilities	317,000	194,000
Total current liabilities	2,555,000	4,288,000
Long-term liabilities
Long-term debt, net of current maturities	1,667,000	0
Due to Related Parties, Noncurrent	1,504,000	0
Total long-term liabilities	3,171,000	0
Shareholders’ equity
Common stock, $0.0033 par value: 20.0 million shares authorized in 2016 and 2015; 8,049,622 shares issued in 2016 and 2015; 8,018,932 shares outstanding in 2016 and 2015	27,000	27,000
Additional paid-in capital	23,691,000	23,555,000
Stock warrants outstanding	1,025,000	1,025,000
Retained losses	(10,842,000)	(9,417,000)
Treasury stock at cost, 30,690 shares in 2016 and 2015, respectively	(44,000)	(44,000)
Total shareholders’ equity	13,857,000	15,146,000
Total liabilities and shareholders’ equity	$ 19,583,000	$ 19,434,000

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parentheticals) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Statement of Financial Position [Abstract]
Allowance for doubtful accounts	$ 35	$ 35
Common stock, par value	$ 0.0033	$ 0.0033
Common stock, shares authorized	20,000,000	20,000,000
Common stock, shares issued	8,049,622	8,049,622
Common stock, shares outstanding	8,018,932	8,018,932
Treasury stock, shares	30,690	30,690

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Income Statement [Abstract]
Revenue from product sales	$ 5,998	$ 16,269
Cost of sales for product sales	6,175	17,573
Inventory adjustment for lower of cost or market	0	791
Impairment loss, property and equipment	0	637
Total cost of sales	6,175	19,001
Selling, general and administrative expenses	1,199	946
Loss before other income (expense)	(1,376)	(3,678)
Other income (expense)
Interest expense, including loan fee amortization	(59)	(162)
Gain (loss) on sale of assets	0	424
Other income (expense), net	11	13
Total other income (expense)	(48)	275
Loss before income taxes	(1,424)	(3,403)
Income tax provision	1	8
Net loss from continuing operations	(1,425)	(3,411)
Income from discontinued operations, net of tax	0	310
Net loss	$ (1,425)	$ (3,101)
Continuing operations, Basic (in dollars per share)	$ (0.18)	$ (0.43)
Discontinued operations, Basic (in dollars per share)	0	0.04
Continuing operations, Diluted (in dollars per share)	(0.18)	(0.43)
Discontinued operations, Diluted (in dollars per share)	$ 0	$ 0.04
Weighted average shares outstanding:
Basic (in Shares)	8,019	7,965
Diluted (in Shares)	8,019	7,965

CONDENSED CONSOLIDATED STATEME5

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Statement of Comprehensive Income [Abstract]
Net loss	$ (1,425)	$ (3,101)
Other comprehensive income (loss):
Unrealized gain (loss) on derivative instruments	0	(10)
Comprehensive income (loss)	$ (1,425)	$ (3,111)

CONSOLIDATED STATEMENTS OF SHAR

CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY - 3 months ended Mar. 31, 2016 - USD ($) $ in Thousands	Total	Common Stock [Member]	Additional Paid-in Capital [Member]	Stock Warrants [Member]	Retained Earnings [Member]	Treasury Stock [Member]
Balance at Dec. 31, 2015	$ 15,146	$ 27	$ 23,555	$ 1,025	$ (9,417)	$ (44)
Balance (in Shares) at Dec. 31, 2015		8,049,622				30,690
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Unrealized loss on derivative instruments	0
Share-based compensation	136		136
Net loss	(1,425)				(1,425)
Balance at Mar. 31, 2016	$ 13,857	$ 27	$ 23,691	$ 1,025	$ (10,842)	$ (44)
Balance (in Shares) at Mar. 31, 2016		8,049,622				30,690

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Cash flows from operating activities
Net loss from continuing operations	$ (1,425,000)	$ (3,411,000)
Adjustments to reconcile net loss to net cash from (used in) operating activities:
Depreciation and amortization	550,000	614,000
Inventory write-down	0	791,000
Impairment loss, property and equipment	0	637,000
Share-based compensation expense	136,000	131,000
Gain on sale of property and equipment	0	(424,000)
Amortization of loan fees included in interest expense	40,000	15,000
Change in assets and liabilities
Receivables	(426,000)	3,681,000
Increase (Decrease) in Accounts Receivable, Related Parties	(145,000)	0
Inventories	(416,000)	460,000
Income tax receivable/payable	(3,000)	0
Other assets	(18,000)	(12,000)
Accounts payable	(257,000)	(163,000)
Payables to related parties	(75,000)	0
Other current liabilities	123,000	199,000
Net cash from (used in) operating activities	(1,620,000)	2,518,000
Cash flows from investing activities
Proceeds from sale of property and equipment	0	848,000
Purchases of property and equipment	0	(26,000)
Net cash from investing activities	0	822,000
Cash flows from financing activities
Loan fees capitalized	(241,000)	0
Change in bank overdrafts	0	(35,000)
Payments on long-term debt	(20,000)	(4,934,000)
Proceeds from long-term debt	1,667,000	90,000
Net cash from (used in) financing activities	1,406,000	(4,879,000)
Net cash provided by operating activities	0	997,000
Net cash used in investing activities	0	(115,000)
Net cash from discontinued operations	0	882,000
Net change in cash and cash equivalents	(214,000)	(657,000)
Cash and cash equivalents at beginning of period	642,000	1,059,000
Cash and cash equivalents at end of period	428,000	402,000
Supplemental disclosure of cash flow information:
Cash paid for interest	22,000	162,000
Supplemental disclosure of noncash investing and financing activities:
Increase (decrease) in equipment purchases accrual	0	99,000
Conversion of related party payables to long-term debt, related parties	$ 1,504,000	$ 0

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	3 Months Ended
	Mar. 31, 2016
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The Company's Response to 2015 Commodity Markets and Liquidity Conditions: During 2015, our average selling price by unit of quantity decreased by 49.4% and 24.9% for ferrous and nonferrous material, respectively, compared to 2014. Due to these deteriorating metals commodity market conditions, ISA took significant steps to improve liquidity and pay down debt during 2015 and early 2016. These steps are described below. On February 27, 2015, the Company closed on the sale of its Seymour, Indiana property. Also, in conjunction with this decision, the Company signed a lease, effective December 1, 2014, to lease a facility in the Seymour area. See Note 4 - Lease Commitments for further lease information and Note 6 - Related Party Transactions for further related party details. Proceeds were used to reduce debt and improve liquidity. On April 30, 2015, LK Property Investments, LLC ("LK Property"), an entity principally owned by Daniel M. Rifkin, CEO of MetalX LLC ("MetalX"), (a related party) a scrap metal recycling company headquartered in Waterloo, Indiana, and the principal owner of Recycling Capital Partners, LLC ("RCP") (a related party) purchased a 4.4 acre parcel of real estate located at 6709 Grade Lane, Louisville, KY from ISA Real Estate, LLC, a wholly-owned subsidiary of the Company, for a purchase price of $1.0 million . The Company realized a loss of $102.0 thousand from this sale. Also on April 30, 2015, the Company entered into a lease agreement with LK Property for a portion of the 4.4 acre parcel. See Note 4 - Lease Commitments for further lease details and Note 6 - Related Party Transactions. Proceeds were used to reduce debt and improve liquidity. On May 13, 2015, the Company announced the warm idle of the Company’s auto shredder. This action was in response to market conditions, primarily related to ferrous price volatility and lower ferrous volumes. Management will continue to monitor and analyze market conditions and to review the Company’s long-term options for its shredder and related downstream processing operation. The costs of idling were recognized in the second quarter of 2015 financial statements. As a result of the continued operating losses from the shredder operations, management reviewed the carrying cost of the shredder, including the downstream processing system. The Company recognized an asset impairment charge during the first quarter of 2015 of approximately $636.6 thousand related to the shredder’s downstream processing system. This charge was recorded as an impairment charge on property and equipment within the cost of goods section in the March 31, 2015 condensed consolidated statement of operations. As of the date of this report, the shredder remains idled. The Company continues to depreciate the assets associated with the shredder. Working capital, which would otherwise have been utilized in operating the shredder, was used to reduce debt and improve liquidity. On May 18, 2015, ISA Real Estate, LLC agreed to sell to SG&D Ventures, LLC ("SG&D"), an entity owned by shareholders of Algar, Inc. ("Algar"), including Sean Garber, the Company’s Vice Chairman of the Board and President, and the President of Algar, an approximately 1 -acre parcel of non-essential real estate, located at 7017 Grade Lane, Louisville, KY, for an aggregate purchase price equal to independent third-party appraisal amount of $350.0 thousand . The purchase consideration consisted of $300.0 thousand in cash from the purchaser and a credit of $50.0 thousand against bonus compensation previously accrued but not paid to Algar as described in Note 6 - Related Party Transactions. This transaction closed on May 19, 2015. The gain on sale of this asset was $1.1 thousand and was recognized during the second quarter of 2015. Proceeds were used to reduce debt and improve liquidity. On November 6, 2015, the Company entered into a Forbearance Agreement and Third Amendment to Credit Agreement (the “Forbearance Agreement”) by and among the Company, certain of the Company’s subsidiaries, and Wells Fargo Bank, National Association ("Wells Fargo"). The Forbearance Agreement amended the Credit Agreement to reduce the Maximum Revolver Amount from $15.0 million to $5.0 million . The Forbearance Agreement also amended the Credit Agreement Maturity Date to March 15, 2016 from June 13, 2019. The Forbearance Agreement increased the interest rate on the outstanding indebtedness by approximately 100 basis points. Pursuant to the terms of the Forbearance Agreement, Wells Fargo agreed that it would forbear, until the Forbearance Termination Date (as defined below), from exercising certain rights and remedies with respect to or arising out of the existence and continuation of certain stipulated events of default under the Credit Agreement between the loan parties and Wells Fargo (as amended by the First Amendment to Credit Agreement dated January 15, 2015, the Second Amendment to Credit Agreement dated January 22, 2015, and the Forbearance Agreement, the “Credit Agreement”). Under the Forbearance Agreement, the Forbearance Termination Date was the earlier to occur of (i) Wells Fargo’s election following the failure of the Loan Parties to satisfy any of the Forbearance Conditions, and (ii) March 15, 2016. On December 4, 2015, the Company and WESSCO, LLC, a wholly owned subsidiary of ISA ("WESSCO"), entered into an Asset Purchase Agreement (the "Asset Purchase Agreement") with Compactor Rentals of America, LLC ("Compactor Rentals") pursuant to which the Company sold its “Waste Services Segment,” consisting of substantially all of the assets used in (i) the Company’s commercial, retail and industrial waste and recycling management services business which the Company operated under the name “Computerized Waste Systems” or “CWS,” and (ii) the Company’s equipment sales, rental and maintenance business for the commercial and industrial waste and recycling industry which the Company operated under the name “Waste Equipment Sales and Service Company". The Company received cash consideration at closing of $7.5 million , less $150.0 thousand retained by Compactor Rentals (the "Holdback"), which will be released to the Company or retained by Compactor Rentals in connection with any working capital adjustment. Compactor Rentals assumed certain liabilities relating to the Waste Services Segment, including but not limited to, current liabilities, warranty liabilities, and post-closing liabilities incurred in connection with transferred contracts. The sale included substantially all of the assets of the Waste Services Segment including, but not limited to, current assets, accounts receivable, tangible personal property, certain leases, inventory, intellectual property, rights under transferred contracts, rights of action and all associated goodwill and other intangible assets associated with the transferred assets. The Asset Purchase Agreement contains a restrictive covenant under which the Company is prohibited from competing with the Waste Services Segment for five years following the closing. In connection with the closing of the transaction, the Company entered into a transition services agreement with Compactor Rentals, pursuant to which the Company will provide certain services to Compactor Rentals for up to six months following the closing. See Note 10 - Discontinued Operations related to the sale of the Waste Services Segment. See also Subsequent Events within this Note. The Company used the proceeds from the transaction to pay transaction expenses, to repay in full the Company’s outstanding indebtedness with Bank of Kentucky, Inc., ("KY Bank") and to repay in full ISA’s term loan from Wells Fargo. The Company also used the proceeds to pay all outstanding amounts on ISA’s $5.0 million revolving line of credit with Wells Fargo which remained available following the closing. On February 29, 2016, the Company entered into a Loan Agreement (the "2016 Loan") with MidCap Business Credit, LLC ("MidCap"). The 2016 Loan is secured by substantially all of the assets of the Company. Proceeds from this loan were used to pay transaction expenses and to pay off and close the remaining balance on the Wells Fargo revolving line of credit. See Note 3 - Long Term Debt and Notes Payable to Bank for further details. Following the MidCap transaction, the Company believes its liquidity is sufficient to meet projected needs for at least one year. Basis of Presentation The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the United States of America ("GAAP") for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by GAAP for complete consolidated financial statements. The Accounting Standards Codification ("ASC") as produced by the Financial Accounting Standards Board ("FASB") is the sole source of authoritative GAAP. The information furnished includes all adjustments, which are, in the opinion of management, necessary to present fairly our financial position as of March 31, 2016 and the results of our operations and changes in our cash flows for the periods ended March 31, 2016 and 2015 . Results of operations for the period ended March 31, 2016 are not necessarily indicative of the results that may be expected for the entire year. Additional information, including the audited December 31, 2015 consolidated financial statements and the Summary of Significant Accounting Policies, is included in our Annual Report on Form 10-K for the year ended December 31, 2015 , on file with the Securities and Exchange Commission. Estimates In preparing the consolidated financial statements in accordance with GAAP for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X, management must make estimates and assumptions. These estimates and assumptions affect the amounts reported for assets, liabilities, revenues and expenses, as well as affecting the disclosures provided. Examples of estimates include the allowance for doubtful accounts, estimates of deferred income tax assets and liabilities, estimates of inventory balances, and estimates of stock option and warrant values. The Company also uses estimates when assessing fair values of assets and liabilities acquired in business acquisitions as well as any fair value and any related impairment charges related to the carrying value of inventory and machinery and equipment and other long-lived assets. Despite the Company’s intention to establish accurate estimates and use reasonable assumptions, actual results may differ from these estimates. Principles of Consolidation The consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries. Upon consolidation, all inter-company accounts, transactions and profits have been eliminated. Reclassifications The Company has reclassified certain items within the accompanying Condensed Consolidated Financial Statements and Notes to Condensed Consolidated Financial Statements for the prior year in order to be comparable with the current presentation. These reclassifications had no effect on previously reported income (loss) or shareholders' equity. Discontinued Operations Prior year financial statements have been recast to reflect the sale of the Company’s Waste Services Segment assets in the fourth quarter of 2015 in accordance with the Financial Accounting Standards Board Accounting Standards Codification 205-20-55 within discontinued operations. Results of discontinued operations are excluded from the accompanying Notes to Condensed Consolidated Financial Statements for all periods presented, unless otherwise noted. See Note 10 - Discontinued Operations. Fair Value The Company carries certain of its financial assets and liabilities at fair value on a recurring basis. These financial assets and liabilities are composed of cash and cash equivalents and derivative instruments. Long-term debt is carried at cost, and the fair value is disclosed herein. In addition, the Company measures certain assets, such as long-lived assets, at fair value on a non-recurring basis to evaluate those assets for potential impairment. Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. In accordance with applicable accounting standards, the Company categorizes its financial assets and liabilities into the following fair value hierarchy: Level 1 – Financial assets and liabilities with values based on unadjusted quoted prices for identical assets or liabilities in an active market. Examples of Level 1 financial instruments include active exchange-traded securities. Level 2 – Financial assets and liabilities with values based on quoted prices for similar assets and liabilities in active markets, and inputs that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the asset or liability. Examples of Level 2 financial instruments include various types of interest-rate and commodity-based derivative instruments, and various types of fixed-income investment securities. Pricing models are utilized to estimate fair value for certain financial assets and liabilities categorized in Level 2. Level 3 – Financial assets and liabilities with values based on prices or valuation techniques that require inputs that are both unobservable in the market and significant to the overall fair value measurement. These inputs reflect management’s judgment about the assumptions that a market participant would use in pricing the asset or liability, and are based on the best available information, some of which is internally developed. When determining the fair value measurements for financial assets and liabilities carried at fair value on a recurring basis, the Company considers the principal or most advantageous market in which it would transact and consider assumptions that market participants would use when pricing the asset or liability. When possible, ISA looks to active and observable markets to price identical assets or liabilities. When identical assets and liabilities are not traded in active markets, the Company looks to market observable data for similar assets and liabilities. Nevertheless, certain assets and liabilities are not actively traded in observable markets, and uses alternative valuation techniques to derive fair value measurements. The Company uses the fair value methodology outlined in the related accounting standards to value the assets and liabilities for cash, debt and derivatives. All of our cash is defined as Level 1 and all our debt and derivative contracts are defined as Level 2. In accordance with this guidance, the following table represents our fair value hierarchy for Level 1 and Level 2 financial instruments at March 31, 2016 (in thousands): Fair Value at Reporting Date Using Quoted Prices in Active Markets for Identical Assets Significant Other Observable Inputs Assets: Level 1 Level 2 Total Cash and cash equivalents $ 428 $ — $ 428 Liabilities: Long-term debt $ — $ (1,667 ) $ (1,667 ) Long term debt, related parties $ — $ (1,504 ) $ (1,504 ) The Company had no transfers in or out of Levels 1 or 2 fair value measurements, and no activity in Level 3 (except impairment of property and equipment) fair value measurements for the three month periods ended March 31, 2016 or 2015 . Common Stock and Share-based Compensation Arrangements The Company has a Long Term Incentive Plan adopted in 2009 ("LTIP") under which it may grant equity awards for up to 2.4 million shares of common stock, which are reserved by the Board of Directors for issuance of equity awards. The Company provides compensation benefits by granting stock options and other share-based awards to employees and directors. The exercise price of each option is equal to the market price of our stock on the date of grant. The maximum term of the option is five years. The plan is accounted for based on FASB’s authoritative guidance titled "ASC 718 - Compensation - Stock Compensation. " The Company recognizes share-based compensation expense for the fair value of the awards, on the date granted on a straight-line basis over their vesting term. Compensation expense is recognized only for share-based payments expected to vest. The Company estimates forfeitures at the date of grant based on our historical experience and future expectations. Subject to shareholder approval and restrictions on exercisability set forth in a Stock Option Agreement entered into on December 2, 2013 between the Company and Algar (the “Stock Option Agreement”), the Company granted Algar an option to purchase a total of 1.5 million shares (in four tranches) of Company common stock (the "Algar Options") at an exercise price per share of $5.00 . The Algar Options were not issued under the LTIP. The Company's shareholders approved the Algar Options on October 15, 2014. The Company uses the Modified Black-Scholes-Merton option-pricing model to value the Company's stock options for each employee stock option award. The Company uses the Lattice-Based model to value the Company's stock options for the Algar Options due to market and performance conditions. See Note 7 - Share Based Compensation. Using these option pricing models, the fair value of each stock option award is estimated on the date of grant. Additionally, the fair value of the Algar Options is estimated at the end of each quarter for two of the tranches due to ongoing performance conditions. For the first two tranches, the performance conditions were met. There are two significant inputs into the stock option pricing models: expected volatility and expected term. The Company estimates expected volatility based on volatility of the Company's stock over a term equal to the expected term of the option granted. The expected term of stock option awards granted is derived from historical exercise experience under the Company's stock option plans and represents the period of time that stock option grants are expected to be outstanding. The expected term assumption incorporates the contractual term of an option grant, as well as the vesting period of an award. The risk-free interest rate is based on the implied yield on a U.S. Treasury constant maturity with a remaining term equal to the expected term of the option granted. The assumptions used in calculating the fair value of stock-based payment awards represent management's best estimates, but these estimates involve inherent uncertainties and the application of management's judgment. As a result, if factors change and different assumptions are used, stock-based compensation expense could be materially different in the future. In addition, the Company is required to estimate the expected forfeiture rate, and only recognize expense for those shares expected to vest. If the actual forfeiture rate is materially different from the estimate, the stock-based compensation expense could be significantly different from what was recorded in the current period. Treasury shares or new shares are issued for exercised options. The Company does not expect to repurchase any additional shares within the following annual period to accommodate the exercise of outstanding stock options. Under the LTIP, the Company may grant any of these types of awards: non-qualified and incentive stock options; stock appreciation rights; and other stock awards including stock units, restricted stock units, performance shares, performance units and restricted stock. The performance goals that the Company may use for such awards will be based on any one or more of the following performance measures: cash flow; earnings; earnings per share; market value added or economic value added; profits; return on assets; return on equity; return on investment; revenues; stock price; or total shareholder return. The LTIP is administered by a committee selected by the Board consisting of two or more outside members of the Board. The Committee may grant one or more awards to our employees, including our officers, our directors and consultants, and will determine the specific employees who will receive awards under the plan and the type and amount of any such awards. A participant who receives shares of stock awarded under the plan must hold those shares for six months before the participant may dispose of such shares. Subsequent Events The Company has evaluated the period from March 31, 2016 through the date the financial statements herein were issued for subsequent events requiring recognition or disclosure in the financial statements and identified the following: On April 1, 2016, the Company entered Amendment No. 1 to the Waste Services Segment Asset Purchase Agreement which extended the deadline for the Company to provide written notice if the Company objected to Compactor Rental’s calculation of the Holdback. On April 15, 2016, the Company entered into Amendment No. 2 to the Asset Purchase Agreement whereby the Company and Compactor Rentals agreed that the Holdback would be retained by Compactor Rentals based on a mutually-agreed upon calculation of working capital. Amendment No. 2 also detailed the parties’ agreement of the following: no indemnification claims would be made by Compactor Rentals arising out of certain matters; certain Compactor Rentals’ representatives did not have knowledge of any additional indemnification claims as of April 15, 2016; and the transition services agreement between the parties would be extended at no cost to Compactor Rentals through March 31, 2017. Effective May 1, 2016, the Company entered into an amendment to the Crane Lease, as defined in Note 4 - Lease Commitments, whereby the lease is extended through April 30, 2021. Payments will be $14.5 thousand per month for the first twelve months following the amendment date, followed by monthly payments of $31.3 thousand thereafter for the remainder of the lease term. Impact of Recently Issued Accounting Standards In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers (Topic 606). The amendments in ASU 2014-09 affect any entity that either enters into contracts with customers to transfer goods or services or enters into contracts for the transfer of nonfinancial assets unless those contracts are within the scope of other standards (e.g., insurance contracts or lease contracts). The core principle of the guidance is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The amendments are effective for annual reporting periods beginning after December 15, 2017, including interim periods within that reporting period. Early application is not permitted. The Company has not yet assessed the impact of the adoption of ASU 2014-09 on our Condensed Consolidated Financial Statements. In August 2014, the FASB issued ASU No. 2014-15, Presentation of Financial Statements-Going Concern (Subtopic 205-40). The amendments in ASU 2014-15 are intended to define management’s responsibility to evaluate whether there is substantial doubt about an organization’s ability to continue as a going concern and to provide related footnote disclosures. The amendments are effective for annual periods ending after December 15, 2016, including interim periods within that reporting period. Early application is permitted for annual or interim reporting periods for which the financial statements have not previously been issued. The Company adopted ASU 2014-15 in the first quarter of 2016 and noted no impact from the adoption on its Condensed Consolidated Financial Statements. In April 2015, the FASB issued ASU 2015-03, Interest-Imputation of Interest: Simplifying the Presentation of Debt Issuance Costs . The guidance requires an entity to present debt issuance costs in the balance sheet as a direct reduction from the carrying amount of the debt liability, consistent with debt discounts, rather than as an asset. Amortization of debt issuance costs will continue to be reported as interest expense. Debt issuance costs related to revolving credit arrangements, however, will continue to be presented as an asset and amortized ratably over the term of the arrangement. ASU 2015-03 is effective for reporting periods beginning after December 15, 2015 including interim periods within those annual periods. Early application is permitted, and upon adoption, ASU 2015-03 should be applied on a retrospective basis. The Company adopted ASU 2015-03 in the first quarter of 2016 and presented debt issuance costs related to a revolving credit arrangement as an asset and will amortize ratably over the term of the arrangement. In July 2015, the FASB issued ASU 2015-11, Inventory , which simplifies the measurement principle of inventories valued under the First-In, First-Out ("FIFO") or weighted average methods from the lower of cost or market to the lower of cost and net realizable value. ASU 2015-11 is effective for reporting periods beginning after December 15, 2016 including interim periods within those annual periods. The Company does not expect the standard to have a material impact on our Condensed Consolidated Financial Statements. In November 2015, the FASB issued ASU 2015-17, Balance Sheet Classification of Deferred Taxes , which requires that deferred tax assets and liabilities be classified as noncurrent on the consolidated balance sheet. ASU 2015-17 is effective for annual periods beginning after December 15, 2016, including interim periods within those annual periods. Early adoption is permitted as of the beginning of an interim or annual reporting period. Upon adoption, ASU 2015-17 may be applied either prospectively or retrospectively. The Company does not expect the adoption of this guidance to have a material impact on our Condensed Consolidated Financial Statements. In February 2016, the FASB issued ASU No. 2016-02, Leases , to improve financial reporting about leasing transactions. This ASU will require organizations that lease assets (“lessees”) to recognize a lease liability and a right-of-use asset on its balance sheet for all leases with terms of more than twelve months. A lease liability is a lessee’s obligation to make lease payments arising from a lease, measured on a discounted basis and a right-of-use asset represents the lessee’s right to use, or control use of, a specified asset for the lease term. The amendments in this ASU simplify the accounting for sale and leaseback transactions primarily because lessees must recognize lease assets and lease liabilities. This ASU leaves the accounting for the organizations that own the assets leased to the lessee (“lessor”) largely unchanged except for targeted improvements to align it with the lessee accounting model and Topic 606, Revenue from Contracts with Customers. The amendments in ASU 2016-02 are effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. Lessees (for capital and operating leases) and lessors (for sales-type, direct financing, and operating leases) must apply a modified retrospective transition approach for leases existing at, or entered into after, the beginning of the earliest comparative period presented in the financial statements. The modified retrospective approach would not require any transition accounting for leases that expired before the earliest comparative period presented. Lessees and lessors may not apply a full retrospective transition approach. The Company is evaluating the potential impact of ASU 2016-02 on its Condensed Consolidated Financial Statements.

INVENTORIES

INVENTORIES	3 Months Ended
	Mar. 31, 2016
Inventory Disclosure [Abstract]
Inventories	INVENTORIES The Company's inventories primarily consist of ferrous and non-ferrous scrap metals, and are valued at the lower of average purchased cost or market based on the specific scrap commodity. Quantities of inventories are determined based on our inventory systems and are subject to periodic physical verification using estimation techniques including observation, weighing and other industry methods. ISA recognizes inventory impairment and related adjustments when the market value, based upon current market pricing, falls below recorded value or when the estimated volume is less than the recorded volume of the inventory. The Company records the loss in cost of sales in the period during which the loss is identified. Management spent much of 2014 and early 2015 working to assess the Company's automobile shredder residue ("ASR") process. Significant process and strategy changes associated with the ASR process were made. These changes, combined with the significant metals market reduction in market demand and prices experienced in late 2014 and through 2015, caused management to perform a lower of cost-or-market assessment, which resulted in inventory write-downs during the first quarter of 2015 in the amount of $0.8 million charged to cost of sales as a result of impairment associated primarily with ferrous market price decreases. The Company did not have a lower of cost-or-market inventory write-down in the first quarter of 2016. Some commodities are in saleable condition at acquisition. The Company purchases these commodities in small amounts until it has a truckload of material available for shipment. Some commodities are not in saleable condition at acquisition. These commodities must be shredded, torched or baled. ISA does not have work-in-process inventory that needs to be manufactured to become finished goods. The Company includes processing costs in inventory for all commodities by weight. Inventories as of March 31, 2016 and December 31, 2015 consist of the following: March 31, 2016 December 31, 2015 Raw Materials Finished Goods Processing Costs Total (unaudited) Raw Materials Finished Goods Processing Costs Total (in thousands) Ferrous and non-ferrous materials $ 1,602 $ 626 $ 592 $ 2,820 $ 1,354 $ 649 $ 404 $ 2,407 Other — 6 — 6 — 3 — 3 Total inventories for sale $ 1,602 $ 632 $ 592 $ 2,826 $ 1,354 $ 652 $ 404 $ 2,410

LONG TERM DEBT AND NOTES PAYABL

LONG TERM DEBT AND NOTES PAYABLE TO BANK	3 Months Ended
	Mar. 31, 2016
Debt Disclosure [Abstract]
Long term debt and notes payable to bank	LONG TERM DEBT AND NOTES PAYABLE TO BANK Summary: Prior to and during 2014, the Company had certain loans with Wells Fargo and certain loans with KY Bank. As of December 31, 2014, the Company was in default under the Wells Fargo loans and during the second half of 2015 entered into a Forbearance Agreement with Wells Fargo whereby the due dates on the loans were accelerated and the Company was required to take certain actions. During 2015, as more fully described in Note 1 - Summary of Significant Accounting Policies, the Company took steps to pay down debt and increase liquidity. On December 4, 2015, in conjunction with the sale of substantially all assets of the Company’s Waste Services Segment, the Company paid off the KY Bank loans and certain Wells Fargo loans. As of December 31, 2015, the Company had an outstanding balance of $19.7 thousand to Wells Fargo. On February 29, 2016, the Company closed on new financing with MidCap and paid off in full remaining amounts due to Wells Fargo. Additionally on February 29, 2016, the Company converted certain amounts payable to related parties into unsecured term notes payable to the same related parties as more fully described in Note 6 - Related Party Transactions. See Note 1 - Summary of Significant Accounting Policies and below for further details. MidCap: On February 29, 2016, the Company entered into the 2016 Loan, which is a $6 million senior, secured asset-based line of credit with MidCap. The Company may borrow up to the sum of (a) 85% of the value of its eligible domestic accounts receivable; (b) the lesser of (i) $2.5 million and (ii) 75% of the net orderly liquidation value of eligible inventory; and (c) the lesser of (i) $500,000 and (ii) 40% of appraised net forced liquidation value of eligible fixed assets (the "Equipment Sublimit"). The Equipment Sublimit shall amortize monthly on a straight line basis over sixty ( 60 ) months with no reduction to the overall line of credit availability. Proceeds from this loan were used to pay transaction expenses, pay off and close the remaining balance on the Wells Fargo revolving line of credit and fund working capital requirements. The interest rate on the 2016 Loan is equal to the prime rate ( 3.5% as of March 31, 2016) plus 250 basis points ( 2.50% ). In the Event of a Default (as defined in the 2016 Loan Agreement), the interest rate will increase by 300 basis points ( 3.00% ). The 2016 Loan also has a monthly collateral-monitoring fee equal to 27.5 basis points ( 0.275% ) of the average daily balance, an annual facility fee of 100 basis points ( 1.00% ) and an unused line fee equal to an annual rate of 50 basis points ( 0.50% ) of the average undrawn portion of the 2016 Loan. The 2016 Loan has a maturity date of February 28, 2018. The Company is subject to a prepayment fee of $120.0 thousand if the 2016 Loan is terminated or prepaid prior to the one year anniversary of the loan. The Company is subject to a prepayment fee of $60.0 thousand if the 2016 Loan is terminated or prepaid subsequent to the one year anniversary of the loan, but prior to the maturity date. The $60.0 thousand fee is reduced to zero if the 2016 Loan is refinanced by an FDIC insured institution after eighteen months from February 29, 2016. Interest and monthly fees under the 2016 Loan are payable monthly in arrears. The 2016 Loan Agreement contains a minimum line availability covenant equal to $350.0 thousand . This covenant may be replaced by a Fixed Charge Coverage Ratio ("FCCR") covenant once the Company has achieved a FCCR of 1.0x on an annualized basis. The Company granted MidCap a first priority security interest in all of the assets of ISA pursuant to a Security Agreement. The Company is allowed to sell or refinance up to $3.0 million in fair market value of real property provided (i) the proceeds from such refinance or sale remain with the Company; and (ii) no event of default exists at the time of such refinance or sale. The 2016 Loan had availability of $1.4 million as of March 31, 2016 . Wells Fargo: On June 13, 2014, the Company entered into a senior, secured credit facility (the "Credit Agreement") with Wells Fargo pursuant to which Wells Fargo granted the Company a revolving line of credit of up to $15.0 million (the "Revolving Loan"), up to $1.0 million of which was available to the Company as a sub-facility for letters of credit. As of December 31, 2015, all loans under the credit agreement except the Revolving Loan had been paid in full. The Company was able to borrow up to 85% of the value of its eligible accounts receivable and 65% of the value of eligible inventory under the Revolving Loan. As of December 31, 2015, an availability block that limited borrowings under the revolver in the amount of $1.6 million was in place. The Credit Agreement also provided the Company with a secured equipment term loan of $2.8 million (the "Term Loan"). The Company used the proceeds from the Credit Agreement to repay in full its prior credit facility. As of December 31, 2015, the Company had $0.8 million available under the Revolving Loan. The Bank of Kentucky: Until December 4, 2015, WESSCO owed amounts under two promissory notes (collectively, the "KY Bank Notes") in favor of KY Bank, one in the amount of $3.0 million (the "Term Note") and one in the amount of $1.0 million (the "Line of Credit Note"). Additionally, on January 15, 2015, the Company signed a new line of credit ("2015 Line of Credit Note") in the amount of $1.0 million with KY Bank. The draw period for the 2015 Line of Credit Note was set to expire on January 14, 2016. All amounts under the KY Bank Notes were repaid on December 4, 2015 in conjunction with the sale of a majority of the assets of the Company's Waste Services Segment. The Company used the proceeds from the Term Note to pay $3.0 million against a previous Company loan. WESSCO used proceeds from the Line of Credit Note and the 2015 Line of Credit Note to purchase additional equipment. The Company signed a $3.0 million demand promissory note in favor of WESSCO in exchange for the proceeds of WESSCO's Term Note. Long term debt as of March 31, 2016 and December 31, 2015 consisted of the following: 2016 2015 (Unaudited) (in thousands) Revolving credit facility with MidCap at March 31, 2016 and Wells Fargo at December 31, 2015, see above description for additional details. $ 1,667 $ 20 K&R, LLC related party note (See Note 6 - Related Party Transactions) 884 — 7100 Grade Lane, LLC related party note (See Note 6 - Related Party Transactions) 620 — 3,171 20 Less current maturities — 20 $ 3,171 $ — The annual maturities of long term debt (in thousands) for the next five twelve-month periods and thereafter ending March 31 of each year are as follows: 2017 $ — 2018 1,667 2019 — 2020 1,504 2021 — Total $ 3,171

LEASE COMMITMENTS

LEASE COMMITMENTS	3 Months Ended
	Mar. 31, 2016
Leases [Abstract]
Lease Commitments	LEASE COMMITMENTS Operating Leases : The Company leases a portion of its Louisville, Kentucky facility from a related party (see Note 6 - Related Party Transactions) under an operating lease expiring December 31, 2017. Effective January 1, 2013, the lease amount increased from $48.5 thousand to $53.8 thousand per month based on the CPI index as stated in the lease agreement. In addition, the Company is responsible for real estate taxes, insurance, utilities and maintenance expense. As described in Note 1 - Summary of Significant Accounting Policies, the Company signed a lease, effective December 1, 2014, to lease a facility in the Seymour, Indiana area. This lease is for a period of three years. The Company has the option to extend the lease for three ( 3 ) additional three ( 3 ) year periods. Rent is $8.0 thousand per month and increases each year by $0.2 thousand per month. In the event ISA exercises the option to renew the lease for a second three -year term, at the end of the second three -year term, ISA has the option to purchase the property. The Company signed a lease, effective October 1, 2014, to lease three cranes for $28.9 thousand per month (the "Crane Lease"). This lease is for a period of five years. The Company signed a lease, effective December 1, 2010, to lease equipment from a related party (see Note 6 - Related Party Transactions) under an operating lease for a monthly payment of $5.5 thousand . The lease expired November 2015 and is now operating month to month for a monthly payment of $5.5 thousand . The Company signed a lease, effective December 1, 2010, to lease equipment from a related party (see Note 6 - Related Party Transactions) under an operating lease that expires May 2016 for a monthly payment of $5.0 thousand . The Company previously leased office space in Dallas, Texas. The lease was renewed effective October 1, 2014 for a period of six months with monthly payments of $1.0 thousand . The lease was not renewed as of April 15, 2015. The Company leased a lot in Louisville, KY for a term that commenced in March 2012 and ended in February 2016. The monthly payment amount from March 2012 through February 2014 was $3.5 thousand . Beginning March 2014, the monthly payment amount increased to $3.8 thousand for the remaining term. As of August 31, 2015, the Company entered into a settlement to abandon the leased property and pay the remaining balance of scheduled payments over a 19 month period, ending March 31, 2017. As the lease was terminated and obligation recorded, future payments are not included in the future minimum lease payments table below. As described in Note 1 - Summary of Significant Accounting Policies, on April 30, 2015, the Company entered into a lease agreement with LK Property (see Note 6 - Related Party Transactions), for a portion of the 4.4 acre parcel of real estate located at 6709 Grade Lane, Louisville, Kentucky in the amount of $3.0 thousand per month. The lease terminates on April 14, 2019, but the Company has the right to terminate the lease and vacate the leased premises upon 90 days notice. The Company is required to reimburse the lessor for 40% of the property taxes on the parcel during the term. Future minimum lease payments for operating leases for the next five twelve-month periods ending March 31 of each year, in thousands, as of March 31, 2016 are as follows: 2017 $ 1,154 2018 955 2019 404 2020 194 2021 — Future minimum lease payments $ 2,707 Total rent expense for the three months ended March 31, 2016 and 2015 was $316.2 thousand and $335.5 thousand , respectively.

PER SHARE DATA

PER SHARE DATA	3 Months Ended
	Mar. 31, 2016
Earnings Per Share [Abstract]
Per Share Data	PER SHARE DATA The computation for basic and diluted earnings (loss) per share is as follows: Three months ended March 31, 2016 compared to three months ended March 31, 2015 : 2016 2015 (in thousands, except per share information) Continuing operations: Basic loss per share Net loss $ (1,425 ) $ (3,411 ) Weighted average shares outstanding 8,019 7,965 Basic loss per share $ (0.18 ) $ (0.43 ) Diluted loss per share Net loss $ (1,425 ) $ (3,411 ) Weighted average shares outstanding 8,019 7,965 Add dilutive effect of assumed exercising of stock options and warrants — — Diluted weighted average shares outstanding 8,019 7,965 Diluted loss per share $ (0.18 ) $ (0.43 ) 2016 2015 (in thousands, except per share information) Discontinued operations: Basic income per share Net income $ — $ 310 Weighted average shares outstanding 8,019 7,965 Basic income per share $ — $ 0.04 Diluted income per share Net income $ — $ 310 Weighted average shares outstanding 8,019 7,965 Add dilutive effect of assumed exercising of stock options and warrants — — Diluted weighted average shares outstanding 8,019 7,965 Diluted income per share $ — $ 0.04

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	3 Months Ended
	Mar. 31, 2016
Related Party Transactions [Abstract]
Related Party Transactions	RELATED PARTY TRANSACTIONS During the period ended March 31, 2016 and 2015 , the Company was involved in various transactions with related parties. A summary of transactions and related balances are as follows. The table at the end of this note should be used in referencing all below paragraphs. K&R, LLC ("K&R") and 7100 Grade Lane, LLC ("7100 LLC"): The Company is involved in various transactions with K&R, which is wholly-owned by Kletter Holdings LLC, the sole member of which was Harry Kletter, our founder and former Chief Executive Officer. After Mr. Kletter's passing in January 2014, our Chairman of the Board and interim Chief Executive Officer, Orson Oliver, assumed the roles of executor of Mr. Kletter’s estate and President of Kletter Holdings LLC. As of March 31, 2016 , Mr. Kletter’s estate, K&R and the Harry Kletter Family Limited Partnership collectively, beneficially own in excess of 20% of the Company's issued and outstanding shares. The Company leases a portion of our Louisville, Kentucky facility from K&R under an operating lease expiring December 2017 (the "7100 Lease"). Additionally, the Company leases equipment from K&R under operating leases that expired November 2015 and expire May 2016. See Note 4 - Lease Commitments for additional information relating to the rent and lease agreements with K&R. During 2015 and 2016, the Company deferred a portion of these lease payments. On September 13, 2013, K&R made a $500.0 thousand refundable, non-interest bearing deposit with the Company related to K&R's potential purchase of the Company's real property located at 1565 East 4th Street in Seymour, Indiana. The Company was permitted and has used the deposited funds for general corporate purposes. K&R did not acquire the property. Under the Company's lending arrangements, a refund of the deposit to K&R would have to be approved by the Company's lenders. This amount was converted into a term note during 2016 as described below. As of March 31, 2016 and 2015 , the Company had balances related to K&R pertaining to refundable lease and property deposits, rents payable to K&R, and rent expense. On February 29, 2016, K&R assigned its interest in the 7100 Lease to another entity, 7100 LLC, also controlled by Mr. Kletter’s estate. At that time, the total amount due to the estate’s various entities, which amounted to approximately $1.5 million and is inclusive of the $500.0 thousand noted above, became a subordinated, unsecured debt (the "Kletter Notes") owed by the Company. A portion of the amount, approximately $620.3 thousand , is owed to K&R, with the remaining amount, approximating $883.8 thousand , owed to 7100 LLC. Interest will accrue monthly at a per annum rate of 5.0% . Interest will accrue until April 30, 2017 at which time interest will be paid monthly. Until maturity on December 31, 2020, the Kletter Notes are subject to intercreditor agreements between the respective Note holder and MidCap. This amount of $1.5 million represents all net amounts due to Kletter estate entities as of February 29, 2016 with the exception of a $32.0 thousand deposit owed by K&R to the Company. If the Company sells property it owns at 7110 Grade Lane in Louisville, Kentucky, it shall make a principal payment to K&R of $500.0 thousand . Otherwise, all remaining principal is due at maturity. Algar: Management services payments to Algar: On December 2, 2013, the Company and Algar entered into a Management Services Agreement (the “Management Agreement”). Under the Management Agreement, Algar provides the Company with day-to-day senior executive level operating management services. Algar also provides business, financial, and organizational strategy and consulting services, as the Company’s board of directors may reasonably request from time to time. Also on December 2, 2013, in connection with the Management Agreement, our Board of Directors appointed Sean Garber as President. Under the Management Agreement, the Company reimburses Algar for the portion of Mr. Garber’s salary that is attributable to Algar’s services under the Management Agreement in an amount not to exceed $20.8 thousand per month, or $250.0 thousand per year plus other expenses. Under the Management Agreement, Algar will be paid a bonus in an amount equal to 10.0% of any year-over-year increase in the Company’s adjusted pre-tax income during the term. The term of the Management Agreement is effective December 1, 2013 and extends through December 31, 2016, subject to earlier termination upon mutual agreement or upon circumstances set forth in the agreement. For the year ended December 31, 2014, Algar earned a bonus of $428.0 thousand . This amount was reduced by $50.0 thousand related to the real estate sale to SG&D described below. The bonus payable was further reduced on August 5, 2015, when the Company entered into a Stock Purchase Agreement with Algar, whereby the Company issued 50.7 thousand shares of its common stock to Algar for aggregate consideration equal to $189.0 thousand based on the fair value of the Company's common stock. The consideration was payable in the form of a reduction of the Company’s $378.0 thousand accrued but unpaid bonus compensation due to Algar as of August 5, 2015. In the first quarter of 2016, the Company paid Algar $142.4 thousand related to the accrued but unpaid bonus compensation, leaving a remaining balance of $46.6 thousand in the accrued but unpaid bonus compensation at March 31, 2016 related to the bonus earned in 2014. Additionally, the Company accrued $100.0 thousand in bonus expense to Algar for the three months ended March 31, 2016 related to a potential bonus to be earned in 2016. Other transactions with Algar: During 2016 and 2015, the Company participated in various other transactions with Algar. The Company sold scrap to Algar, bought scrap from Algar, and provided logistical and IT services to Algar. Related to these transactions, the Company has accounts receivable balances from Algar, an accounts payable balance to Algar, along with related income and expense as of March 31, 2016 and 2015 . Board of Directors' fees and consulting fees: The Company pays board fees to non-employee directors. Additionally, the Company paid financial consulting fees to one of its directors in 2015. Related to these transactions, the Company has accounts payable balances to the Board of Directors for fees and consulting fees, along with related expense at and as of March 31, 2016 and 2015 . LK Property Investments, LLC: On April 30, 2015, ISA Real Estate LLC agreed to sell to LK Property, an entity principally owned by Daniel M. Rifkin, CEO of MetalX and the principal owner of RCP, a 4.4 acre parcel of real estate, located at 6709 Grade Lane, Louisville, Kentucky, for a purchase price of $1.0 million . The Company used the proceeds from the sale primarily for debt reduction and working capital. The loss on sale of this asset was $102.0 thousand . On April 30, 2015, the Company entered into a lease agreement with LK Property, for a portion of the 4.4 acre parcel of real estate located at 6709 Grade Lane, Louisville, Kentucky in the amount of $3.0 thousand per month. The lease terminates on April 14, 2019, but the Company has the right to terminate the lease and vacate the leased premises upon 90 days notice. The Company is required to reimburse the lessor for 40% of the property taxes on the parcel during the term. MetalX: During 2016 and 2015, the Company sold scrap material to MetalX and held accounts receivables balances from MetalX related to scrap sales. For additional information regarding MetalX, see Note 9 - Financing and Related Matters. SG&D Ventures, LLC .: On May 18, 2015, ISA Real Estate LLC agreed to sell to SG&D, an entity owned by shareholders of Algar, including Mr. Garber, an approximately 1 -acre parcel of non-essential real estate, located at 7017 Grade Lane, Louisville, Kentucky, for an aggregate purchase price equal to independent third-party appraisal amount of $350.0 thousand . The Company received this appraisal before the sale. The purchase consideration consisted of $300.0 thousand in cash from SG&D and a credit of $50.0 thousand against bonus compensation previously accrued but not paid to Algar. The gain on sale of this asset was $1.1 thousand . Related party balances are as follows, in thousands: 2016 2015 K&R, LLC and 7100 LLC: Deposit amounts owed to the Company by K&R (1) 42 74 Property deposit payable to K&R (2) — 500 Note payable to related parties (3) 1,504 — Accrued interest to related parties (2) 6 — Facility rent payable to K&R (2) (28 ) 821 Equipment rent payable to K&R (2) 5 132 Facility rent expense to K&R (4) 161 161 Equipment rent expense to K&R (4) 15 32 Algar, Inc.: Accounts receivable from Algar for scrap transactions (1) 5 93 Accounts receivable from Algar for logistical services (1) 1 19 Accounts payable to Algar (2) 4 28 Bonus payable to Algar (2) 147 189 Revenue from scrap sales to Algar (4) 12 — Revenue from logistical services to Algar (4) 27 7 Revenue from IT services to Algar (4) 7 5 Scrap material purchases from Algar (4) 391 356 Management fee expense (4) 63 58 Bonus expense to Algar (4) 100 — Other expenses to Algar (4) 6 16 Board of Directors: * Accounts payable to the Board of Directors for fees (2) 207 250 Board of director fee expense (4) 2 45 LK Property Investments, LLC: Lease deposit to LK Property (1) 3 3 Accounts payable to LK Property (2) 2 2 Rent expense to LK Property** (4) 9 — Metal X, LLC: Accounts receivable from Metal X (1) 12 19 Revenue from product sales to Metal X (4) 12 344 * Excludes insignificant amount of travel reimbursement. **Excludes amounts reimbursed to LK Properties for utilities and property tax. (1) Included in receivable from related parties on the Condensed Consolidated Balance Sheets; balances are as of March 31, 2016 and December 31, 2015 . (2) Included in payable to related parties on the Condensed Consolidated Balance Sheets; balances are as of March 31, 2016 and December 31, 2015 . (3) Included in long-term liabilities on the Condensed Consolidated Balance Sheets; balance is as of March 31, 2016 and December 31, 2015 . (4) Included in the Condensed Consolidated Statements of Operations; balances are for the three months ended March 31, 2016 and March 31, 2015 .

SHARE-BASED COMPENSATION

SHARE-BASED COMPENSATION	3 Months Ended
	Mar. 31, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Share-Based Compensation	SHARE-BASED COMPENSATION Following is a summary of stock option activity and number of shares reserved for outstanding options: Options Number of shares (in thousands) Weighted Average Exercise Price per Share Weighted Average Remaining Contractual Term Weighted Average Grant Date Fair Value Outstanding at December 31, 2014 2,152 $ 5.02 2.7 years $ 2.23 Granted 20 5.71 — 3.01 Outstanding at December 31, 2015 2,172 $ 5.02 1.7 years $ 2.24 Outstanding at March 31, 2016 2,172 $ 5.02 1.5 years $ 2.24 Exercisable at March 31, 2016 1,309 $ 4.96 1.5 years $ 2.26 Securities available for grant at March 31, 2016 1,556 Option Grants: As described in Note 1 - Summary of Significant Accounting Policies and Note 6 - Related Party Transactions, as of December 2, 2013, subject to shareholder approval (which was received during 2014) and vesting provisions, the Company granted options to purchase a total of 1.5 million shares of its common stock to Algar at a per share exercise price of $5.00 pursuant to the Management Agreement. At the annual meeting of shareholders of the Company on October 15, 2014, shareholders approved the issuance of these options. The first 375.0 thousand share options vested and became exercisable on December 1, 2013. The second 375.0 thousand share options vested and became exercisable after the market price of the Company's common stock reached $6.00 per share during 2014. The third 375.0 thousand share options vest and become exercisable only if and after the market price of the Company's common stock reaches $8.00 per share or Company revenue following an acquisition increases by $90.0 million ; these conditions have not been met as of March 31, 2016 . The fourth 375.0 thousand share options vest and become exercisable only if and after the market price of the Company's common stock reaches $9.00 per share or Company revenue following an acquisition increases by $120.0 million ; these conditions have not been met as of March 31, 2016 . As of January 2, 2015, the Company awarded options to purchase 20.0 thousand shares of the Company's common stock to its Chief Financial Officer. These options vest over a three -year period, with 1/3 vesting on the first anniversary of the grant date and 1/6 vesting every six months thereafter until the three year anniversary of the grant date. The exercise price per share of the options is $5.71 , the fair value of the underlying common stock as of the grant date. Restricted Stock Unit Grants: On March 25, 2016, our Compensation Committee granted 32.0 thousand restricted stock units (“RSUs”) to the Company’s Chief Financial Officer (the “CFO”), under the LTIP pursuant to a Restricted Stock Unit Grant Agreement (the “RSU Agreement”). The RSUs were granted to the CFO in lieu of other compensation and as partial payment of the CFO’s bonus related to certain milestone accomplishments during 2015 and early 2016. The grant date fair value is based on the Company's closing common stock price on the day immediately prior to the date of grant. The grant date fair value was $90.2 thousand and has been recognized as expense in the accompanying Condensed Consolidated Statement of Operations. Each RSU vested on April 1, 2016 and represents the right to receive one share of the Company’s common stock upon the vesting of the RSU, subject to the terms and conditions set forth in the RSU Agreement and the Plan. On March 29, 2016, the Compensation Committee granted 11.4 thousand RSUs to an employee under the LTIP pursuant to an RSU agreement. The grant date fair value is based on the Company's closing common stock price on the day immediately prior to the date of grant. The grant date fair value was $32.0 thousand and will be recognized as expense beginning in the second quarter of 2016. Each RSU vests on March 29, 2018 and represents the right to receive one share of the Company's common stock upon the vesting of the RSU, subject to the terms and conditions set forth in the RSU Agreement and the Plan. Other Equity Transactions: On August 5, 2015, the Company entered into a Stock Purchase Agreement with Algar, whereby the Company issued 50.7 thousand shares of its common stock to Algar for aggregate consideration equal to $189.0 thousand based on the fair value of our common stock. The consideration was payable in the form of a reduction of the Company’s $378.0 thousand accrued but unpaid bonus compensation due to Algar pursuant to the Management Agreement between the Company and Algar. See Note 6 - Related Party Transactions. Subsequent to March 31, 2016, at the Company's next annual meeting, the Company's shareholders will consider a proposal to approve a one-time stock option exchange for the CFO as an alternative to a direct repricing of options previously granted to the CFO. The stock option exchange, if approved by the shareholders, would allow the Company to cancel 170.0 thousand stock options previously granted to the CFO in exchange for the grant of 90.0 thousand RSUs to the CFO.

LEGAL PROCEEDINGS

LEGAL PROCEEDINGS	3 Months Ended
	Mar. 31, 2016
Commitments and Contingencies Disclosure [Abstract]
Legal Proceedings	LEGAL PROCEEDINGS The Company has litigation from time to time, including employment-related claims, none of which the Company currently believes to be material. Our operations are subject to various environmental statutes and regulations, including laws and regulations addressing materials used in the processing of our products. In addition, certain of our operations are subject to federal, state and local environmental laws and regulations that impose limitations on the discharge of pollutants into the air and water and establish standards for the treatment, storage and disposal of solid and hazardous wastes. Failure to maintain or achieve compliance with these laws and regulations or with the permits required for our operations could result in substantial operating costs and capital expenditures, in addition to fines and civil or criminal sanctions, third party claims for property damage or personal injury, cleanup costs or temporary or permanent discontinuance of operations. Certain of the Company's facilities have been in operation for many years and, over time, the Company and other predecessor operators of these facilities have generated, used, handled and disposed of hazardous and other regulated wastes. Environmental liabilities in material amounts could exist, including cleanup obligations at these facilities or at off-site locations where the Company disposed of materials from its operations, which could result in future expenditures that the Company cannot currently estimate and which could reduce its profits. The Company records liabilities for remediation and restoration costs related to past activities when its obligation is probable and the costs can be reasonably estimated. Costs of future expenditures for environmental remediation are not discounted to their present value. Recoveries of environmental remediation costs from other parties are recorded as assets when their receipt is deemed probable. Costs of ongoing compliance activities related to current operations are expensed as incurred. Such compliance has not historically constituted a material expense to the Company.

FINANCING AND RELATED MATTERS

FINANCING AND RELATED MATTERS	3 Months Ended
	Mar. 31, 2016
Financing and Related Matters [Abstract]
Financing and Related Matters	FINANCING AND RELATED MATTERS Securities Purchase Agreement On June 13, 2014, the Company issued 857,143 shares of the Company's common stock pursuant to a Securities Purchase Agreement (the "Securities Purchase Agreement") to RCP, an investment entity principally owned by Daniel M. Rifkin, former president of OmniSource Corporation and the founder and CEO of MetalX, for an aggregate purchase price of $3.0 million . Pursuant to the Securities Purchase Agreement, the Company also issued to RCP a five -year warrant to purchase 857,143 additional shares of the Company's common stock, exercisable 6 months after the date of the Securities Purchase Agreement for an exercise price of $5.00 per share and expiring June 13, 2019. The net proceeds were allocated between common stock and warrants based on the relative fair value of the common stock and the warrants. The fair value of the warrants was estimated using a pricing model similar to that used for stock options. The Securities Purchase Agreement provides RCP with preemptive rights and a right of first refusal with respect to future securities offerings by the Company. The Company used the proceeds from the Securities Purchase Agreement for general corporate purposes including debt reduction, growth initiatives, capital expenditures, and potential acquisitions. Costs of $104.5 thousand related to the Securities Purchase Agreement have been netted against the proceeds in the statement of shareholders' equity. Director Designation Agreement On June 13, 2014, in connection with the Securities Purchase Agreement, the Company and RCP entered into a Director Designation Agreement (the "Director Designation Agreement") pursuant to which RCP will have the right to designate, and require the Company's Board to appoint, up to two directors (each, a " Designated Director "). As of the date of this report, RCP had the right to designate one director. A Designated Director will hold office until (i) his or her term expires and such Designated Director's successor designated by RCP has been appointed or (ii) such Designated Director's earlier death, disability, disqualification, resignation or removal, and RCP shall have the right to appoint any successor to such Designated Director. RCP's designation rights terminate at such time that RCP and its affiliates collectively hold less than 5% of the Company's outstanding common stock. Pursuant to the Director Designation Agreement, the Company and RCP agreed that the designation and appointment of the Designated Director nominees will not violate applicable law and will not cause the Company to become delisted from any securities exchange or other trading market.

DISCONTINUED OPERATIONS DISCONT

DISCONTINUED OPERATIONS DISCONTINUED OPERATIONS (Notes)	3 Months Ended
	Mar. 31, 2016
Discontinued Operations and Disposal Group [Abstract]
Disposal Groups, Including Discontinued Operations, Disclosure [Text Block]	DISCONTINUED OPERATIONS As discussed in Note 1 - Summary of Significant Accounting Policies, on December 4, 2015, the Company and WESSCO entered into the Asset Purchase Agreement with Compactor Rentals pursuant to which the Company sold its “Waste Services Segment,” consisting of substantially all of the assets used in (i) the Company’s commercial, retail and industrial waste and recycling management services business which the Company operated under the name “Computerized Waste Systems” or “CWS,” and (ii) the Company’s equipment sales, rental and maintenance business for the commercial and industrial waste and recycling industry which the Company operated under the name “Waste Equipment Sales and Service Company." The Company received cash consideration at closing of $7.5 million , less $150.0 thousand which was retained by Compactor Rentals in connection with working capital adjustments. Compactor Rentals assumed certain liabilities relating to the Waste Services Segment, including but not limited to, current liabilities, warranty liabilities, and post-closing liabilities incurred in connection with transferred contracts. The transaction expenses related to the sale were $350.0 thousand and a gain of $6,031.0 thousand was recorded. The sale included substantially all of the assets of the Waste Services Segment including, but not limited to, current assets, accounts receivable, tangible personal property, certain leases, inventory, intellectual property, rights under transferred contracts, rights of action and all associated goodwill and other intangible assets associated with the transferred assets. The Company's policy was to not allocate interest to discontinued operations. The Asset Purchase Agreement contains standard and customary representations, warranties and covenants, including a restrictive covenant under which the Company will be prohibited from competing with the Waste Services Segment for five years following the closing. Financial information for the Waste Services discontinued operations is summarized as follows: 2015 (in thousands) Revenue from services and product sales $ 1,929 Cost of sales for services 1,423 Selling, general, and administrative expenses 202 Gain on the sale of equipment 6 Net income $ 310 2015 (in thousands) Cash flows from operating activities Net income from discontinued operations $ 310 Adjustments to reconcile net loss to net cash from operating activities: Depreciation and amortization 106 Gain on sale of property and equipment (6 ) Change in assets and liabilities Receivables 212 Inventories (1 ) Other assets (3 ) Accounts payable 354 Other current liabilities 25 Net cash from operating activities $ 997 Cash flows from investing activities Proceeds from sale of property and equipment 6 Purchases of property and equipment (121 ) Net cash used in investing activities $ (115 ) A pro forma summary of continuing operations for the three months ended March 31, 2015 assuming the Waste Services Segment was sold at the beginning of the quarter is as follows (unaudited): 2015 (in thousands, except per share data) Total revenue $ 16,269 Net loss from continuing operations (3,411 ) Net loss (3,101 ) Net loss from continuing operations per share $ (0.43 ) Net loss per share (0.39 )

SUMMARY OF SIGNIFICANT ACCOUN18

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	3 Months Ended
	Mar. 31, 2016
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the United States of America ("GAAP") for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by GAAP for complete consolidated financial statements. The Accounting Standards Codification ("ASC") as produced by the Financial Accounting Standards Board ("FASB") is the sole source of authoritative GAAP. The information furnished includes all adjustments, which are, in the opinion of management, necessary to present fairly our financial position as of March 31, 2016 and the results of our operations and changes in our cash flows for the periods ended March 31, 2016 and 2015 . Results of operations for the period ended March 31, 2016 are not necessarily indicative of the results that may be expected for the entire year. Additional information, including the audited December 31, 2015 consolidated financial statements and the Summary of Significant Accounting Policies, is included in our Annual Report on Form 10-K for the year ended December 31, 2015 , on file with the Securities and Exchange Commission.
Estimates	In preparing the consolidated financial statements in accordance with GAAP for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X, management must make estimates and assumptions. These estimates and assumptions affect the amounts reported for assets, liabilities, revenues and expenses, as well as affecting the disclosures provided. Examples of estimates include the allowance for doubtful accounts, estimates of deferred income tax assets and liabilities, estimates of inventory balances, and estimates of stock option and warrant values. The Company also uses estimates when assessing fair values of assets and liabilities acquired in business acquisitions as well as any fair value and any related impairment charges related to the carrying value of inventory and machinery and equipment and other long-lived assets. Despite the Company’s intention to establish accurate estimates and use reasonable assumptions, actual results may differ from these estimates.
Principles of Consolidation	Principles of Consolidation The consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries. Upon consolidation, all inter-company accounts, transactions and profits have been eliminated.
Reclassifications	Reclassifications The Company has reclassified certain items within the accompanying Condensed Consolidated Financial Statements and Notes to Condensed Consolidated Financial Statements for the prior year in order to be comparable with the current presentation. These reclassifications had no effect on previously reported income (loss) or shareholders' equity.
Discontinued Operations	Discontinued Operations Prior year financial statements have been recast to reflect the sale of the Company’s Waste Services Segment assets in the fourth quarter of 2015 in accordance with the Financial Accounting Standards Board Accounting Standards Codification 205-20-55 within discontinued operations. Results of discontinued operations are excluded from the accompanying Notes to Condensed Consolidated Financial Statements for all periods presented, unless otherwise noted. See Note 10 - Discontinued Operations.
Fair Value	Fair Value The Company carries certain of its financial assets and liabilities at fair value on a recurring basis. These financial assets and liabilities are composed of cash and cash equivalents and derivative instruments. Long-term debt is carried at cost, and the fair value is disclosed herein. In addition, the Company measures certain assets, such as long-lived assets, at fair value on a non-recurring basis to evaluate those assets for potential impairment. Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. In accordance with applicable accounting standards, the Company categorizes its financial assets and liabilities into the following fair value hierarchy: Level 1 – Financial assets and liabilities with values based on unadjusted quoted prices for identical assets or liabilities in an active market. Examples of Level 1 financial instruments include active exchange-traded securities. Level 2 – Financial assets and liabilities with values based on quoted prices for similar assets and liabilities in active markets, and inputs that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the asset or liability. Examples of Level 2 financial instruments include various types of interest-rate and commodity-based derivative instruments, and various types of fixed-income investment securities. Pricing models are utilized to estimate fair value for certain financial assets and liabilities categorized in Level 2. Level 3 – Financial assets and liabilities with values based on prices or valuation techniques that require inputs that are both unobservable in the market and significant to the overall fair value measurement. These inputs reflect management’s judgment about the assumptions that a market participant would use in pricing the asset or liability, and are based on the best available information, some of which is internally developed. When determining the fair value measurements for financial assets and liabilities carried at fair value on a recurring basis, the Company considers the principal or most advantageous market in which it would transact and consider assumptions that market participants would use when pricing the asset or liability. When possible, ISA looks to active and observable markets to price identical assets or liabilities. When identical assets and liabilities are not traded in active markets, the Company looks to market observable data for similar assets and liabilities. Nevertheless, certain assets and liabilities are not actively traded in observable markets, and uses alternative valuation techniques to derive fair value measurements. The Company uses the fair value methodology outlined in the related accounting standards to value the assets and liabilities for cash, debt and derivatives. All of our cash is defined as Level 1 and all our debt and derivative contracts are defined as Level 2.
Stock Option Plan	Common Stock and Share-based Compensation Arrangements The Company has a Long Term Incentive Plan adopted in 2009 ("LTIP") under which it may grant equity awards for up to 2.4 million shares of common stock, which are reserved by the Board of Directors for issuance of equity awards. The Company provides compensation benefits by granting stock options and other share-based awards to employees and directors. The exercise price of each option is equal to the market price of our stock on the date of grant. The maximum term of the option is five years. The plan is accounted for based on FASB’s authoritative guidance titled "ASC 718 - Compensation - Stock Compensation. " The Company recognizes share-based compensation expense for the fair value of the awards, on the date granted on a straight-line basis over their vesting term. Compensation expense is recognized only for share-based payments expected to vest. The Company estimates forfeitures at the date of grant based on our historical experience and future expectations. Subject to shareholder approval and restrictions on exercisability set forth in a Stock Option Agreement entered into on December 2, 2013 between the Company and Algar (the “Stock Option Agreement”), the Company granted Algar an option to purchase a total of 1.5 million shares (in four tranches) of Company common stock (the "Algar Options") at an exercise price per share of $5.00 . The Algar Options were not issued under the LTIP. The Company's shareholders approved the Algar Options on October 15, 2014. The Company uses the Modified Black-Scholes-Merton option-pricing model to value the Company's stock options for each employee stock option award. The Company uses the Lattice-Based model to value the Company's stock options for the Algar Options due to market and performance conditions. See Note 7 - Share Based Compensation. Using these option pricing models, the fair value of each stock option award is estimated on the date of grant. Additionally, the fair value of the Algar Options is estimated at the end of each quarter for two of the tranches due to ongoing performance conditions. For the first two tranches, the performance conditions were met. There are two significant inputs into the stock option pricing models: expected volatility and expected term. The Company estimates expected volatility based on volatility of the Company's stock over a term equal to the expected term of the option granted. The expected term of stock option awards granted is derived from historical exercise experience under the Company's stock option plans and represents the period of time that stock option grants are expected to be outstanding. The expected term assumption incorporates the contractual term of an option grant, as well as the vesting period of an award. The risk-free interest rate is based on the implied yield on a U.S. Treasury constant maturity with a remaining term equal to the expected term of the option granted. The assumptions used in calculating the fair value of stock-based payment awards represent management's best estimates, but these estimates involve inherent uncertainties and the application of management's judgment. As a result, if factors change and different assumptions are used, stock-based compensation expense could be materially different in the future. In addition, the Company is required to estimate the expected forfeiture rate, and only recognize expense for those shares expected to vest. If the actual forfeiture rate is materially different from the estimate, the stock-based compensation expense could be significantly different from what was recorded in the current period. Treasury shares or new shares are issued for exercised options. The Company does not expect to repurchase any additional shares within the following annual period to accommodate the exercise of outstanding stock options. Under the LTIP, the Company may grant any of these types of awards: non-qualified and incentive stock options; stock appreciation rights; and other stock awards including stock units, restricted stock units, performance shares, performance units and restricted stock. The performance goals that the Company may use for such awards will be based on any one or more of the following performance measures: cash flow; earnings; earnings per share; market value added or economic value added; profits; return on assets; return on equity; return on investment; revenues; stock price; or total shareholder return. The LTIP is administered by a committee selected by the Board consisting of two or more outside members of the Board. The Committee may grant one or more awards to our employees, including our officers, our directors and consultants, and will determine the specific employees who will receive awards under the plan and the type and amount of any such awards. A participant who receives shares of stock awarded under the plan must hold those shares for six months before the participant may dispose of such shares.
Subsequent Events	Subsequent Events The Company has evaluated the period from March 31, 2016 through the date the financial statements herein were issued for subsequent events requiring recognition or disclosure in the financial statements and identified the following: On April 1, 2016, the Company entered Amendment No. 1 to the Waste Services Segment Asset Purchase Agreement which extended the deadline for the Company to provide written notice if the Company objected to Compactor Rental’s calculation of the Holdback. On April 15, 2016, the Company entered into Amendment No. 2 to the Asset Purchase Agreement whereby the Company and Compactor Rentals agreed that the Holdback would be retained by Compactor Rentals based on a mutually-agreed upon calculation of working capital. Amendment No. 2 also detailed the parties’ agreement of the following: no indemnification claims would be made by Compactor Rentals arising out of certain matters; certain Compactor Rentals’ representatives did not have knowledge of any additional indemnification claims as of April 15, 2016; and the transition services agreement between the parties would be extended at no cost to Compactor Rentals through March 31, 2017. Effective May 1, 2016, the Company entered into an amendment to the Crane Lease, as defined in Note 4 - Lease Commitments, whereby the lease is extended through April 30, 2021. Payments will be $14.5 thousand per month for the first twelve months following the amendment date, followed by monthly payments of $31.3 thousand thereafter for the remainder of the lease term.
Impact of Recently Issued Accounting Standards	Impact of Recently Issued Accounting Standards In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers (Topic 606). The amendments in ASU 2014-09 affect any entity that either enters into contracts with customers to transfer goods or services or enters into contracts for the transfer of nonfinancial assets unless those contracts are within the scope of other standards (e.g., insurance contracts or lease contracts). The core principle of the guidance is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The amendments are effective for annual reporting periods beginning after December 15, 2017, including interim periods within that reporting period. Early application is not permitted. The Company has not yet assessed the impact of the adoption of ASU 2014-09 on our Condensed Consolidated Financial Statements. In August 2014, the FASB issued ASU No. 2014-15, Presentation of Financial Statements-Going Concern (Subtopic 205-40). The amendments in ASU 2014-15 are intended to define management’s responsibility to evaluate whether there is substantial doubt about an organization’s ability to continue as a going concern and to provide related footnote disclosures. The amendments are effective for annual periods ending after December 15, 2016, including interim periods within that reporting period. Early application is permitted for annual or interim reporting periods for which the financial statements have not previously been issued. The Company adopted ASU 2014-15 in the first quarter of 2016 and noted no impact from the adoption on its Condensed Consolidated Financial Statements. In April 2015, the FASB issued ASU 2015-03, Interest-Imputation of Interest: Simplifying the Presentation of Debt Issuance Costs . The guidance requires an entity to present debt issuance costs in the balance sheet as a direct reduction from the carrying amount of the debt liability, consistent with debt discounts, rather than as an asset. Amortization of debt issuance costs will continue to be reported as interest expense. Debt issuance costs related to revolving credit arrangements, however, will continue to be presented as an asset and amortized ratably over the term of the arrangement. ASU 2015-03 is effective for reporting periods beginning after December 15, 2015 including interim periods within those annual periods. Early application is permitted, and upon adoption, ASU 2015-03 should be applied on a retrospective basis. The Company adopted ASU 2015-03 in the first quarter of 2016 and presented debt issuance costs related to a revolving credit arrangement as an asset and will amortize ratably over the term of the arrangement. In July 2015, the FASB issued ASU 2015-11, Inventory , which simplifies the measurement principle of inventories valued under the First-In, First-Out ("FIFO") or weighted average methods from the lower of cost or market to the lower of cost and net realizable value. ASU 2015-11 is effective for reporting periods beginning after December 15, 2016 including interim periods within those annual periods. The Company does not expect the standard to have a material impact on our Condensed Consolidated Financial Statements. In November 2015, the FASB issued ASU 2015-17, Balance Sheet Classification of Deferred Taxes , which requires that deferred tax assets and liabilities be classified as noncurrent on the consolidated balance sheet. ASU 2015-17 is effective for annual periods beginning after December 15, 2016, including interim periods within those annual periods. Early adoption is permitted as of the beginning of an interim or annual reporting period. Upon adoption, ASU 2015-17 may be applied either prospectively or retrospectively. The Company does not expect the adoption of this guidance to have a material impact on our Condensed Consolidated Financial Statements. In February 2016, the FASB issued ASU No. 2016-02, Leases , to improve financial reporting about leasing transactions. This ASU will require organizations that lease assets (“lessees”) to recognize a lease liability and a right-of-use asset on its balance sheet for all leases with terms of more than twelve months. A lease liability is a lessee’s obligation to make lease payments arising from a lease, measured on a discounted basis and a right-of-use asset represents the lessee’s right to use, or control use of, a specified asset for the lease term. The amendments in this ASU simplify the accounting for sale and leaseback transactions primarily because lessees must recognize lease assets and lease liabilities. This ASU leaves the accounting for the organizations that own the assets leased to the lessee (“lessor”) largely unchanged except for targeted improvements to align it with the lessee accounting model and Topic 606, Revenue from Contracts with Customers. The amendments in ASU 2016-02 are effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. Lessees (for capital and operating leases) and lessors (for sales-type, direct financing, and operating leases) must apply a modified retrospective transition approach for leases existing at, or entered into after, the beginning of the earliest comparative period presented in the financial statements. The modified retrospective approach would not require any transition accounting for leases that expired before the earliest comparative period presented. Lessees and lessors may not apply a full retrospective transition approach. The Company is evaluating the potential impact of ASU 2016-02 on its Condensed Consolidated Financial Statements.

INVENTORIES (Policies)

INVENTORIES (Policies)	3 Months Ended
	Mar. 31, 2016
Inventory Disclosure [Abstract]
Inventory, Policy	inventories primarily consist of ferrous and non-ferrous scrap metals, and are valued at the lower of average purchased cost or market based on the specific scrap commodity. Quantities of inventories are determined based on our inventory systems and are subject to periodic physical verification using estimation techniques including observation, weighing and other industry methods. ISA recognizes inventory impairment and related adjustments when the market value, based upon current market pricing, falls below recorded value or when the estimated volume is less than the recorded volume of the inventory. The Company records the loss in cost of sales in the period during which the loss is identified.

SHARE-BASED COMPENSATION SHARE-

SHARE-BASED COMPENSATION SHARE-BASED COMPENSATION (Policies)	3 Months Ended
	Mar. 31, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock Option Plan	Common Stock and Share-based Compensation Arrangements The Company has a Long Term Incentive Plan adopted in 2009 ("LTIP") under which it may grant equity awards for up to 2.4 million shares of common stock, which are reserved by the Board of Directors for issuance of equity awards. The Company provides compensation benefits by granting stock options and other share-based awards to employees and directors. The exercise price of each option is equal to the market price of our stock on the date of grant. The maximum term of the option is five years. The plan is accounted for based on FASB’s authoritative guidance titled "ASC 718 - Compensation - Stock Compensation. " The Company recognizes share-based compensation expense for the fair value of the awards, on the date granted on a straight-line basis over their vesting term. Compensation expense is recognized only for share-based payments expected to vest. The Company estimates forfeitures at the date of grant based on our historical experience and future expectations. Subject to shareholder approval and restrictions on exercisability set forth in a Stock Option Agreement entered into on December 2, 2013 between the Company and Algar (the “Stock Option Agreement”), the Company granted Algar an option to purchase a total of 1.5 million shares (in four tranches) of Company common stock (the "Algar Options") at an exercise price per share of $5.00 . The Algar Options were not issued under the LTIP. The Company's shareholders approved the Algar Options on October 15, 2014. The Company uses the Modified Black-Scholes-Merton option-pricing model to value the Company's stock options for each employee stock option award. The Company uses the Lattice-Based model to value the Company's stock options for the Algar Options due to market and performance conditions. See Note 7 - Share Based Compensation. Using these option pricing models, the fair value of each stock option award is estimated on the date of grant. Additionally, the fair value of the Algar Options is estimated at the end of each quarter for two of the tranches due to ongoing performance conditions. For the first two tranches, the performance conditions were met. There are two significant inputs into the stock option pricing models: expected volatility and expected term. The Company estimates expected volatility based on volatility of the Company's stock over a term equal to the expected term of the option granted. The expected term of stock option awards granted is derived from historical exercise experience under the Company's stock option plans and represents the period of time that stock option grants are expected to be outstanding. The expected term assumption incorporates the contractual term of an option grant, as well as the vesting period of an award. The risk-free interest rate is based on the implied yield on a U.S. Treasury constant maturity with a remaining term equal to the expected term of the option granted. The assumptions used in calculating the fair value of stock-based payment awards represent management's best estimates, but these estimates involve inherent uncertainties and the application of management's judgment. As a result, if factors change and different assumptions are used, stock-based compensation expense could be materially different in the future. In addition, the Company is required to estimate the expected forfeiture rate, and only recognize expense for those shares expected to vest. If the actual forfeiture rate is materially different from the estimate, the stock-based compensation expense could be significantly different from what was recorded in the current period. Treasury shares or new shares are issued for exercised options. The Company does not expect to repurchase any additional shares within the following annual period to accommodate the exercise of outstanding stock options. Under the LTIP, the Company may grant any of these types of awards: non-qualified and incentive stock options; stock appreciation rights; and other stock awards including stock units, restricted stock units, performance shares, performance units and restricted stock. The performance goals that the Company may use for such awards will be based on any one or more of the following performance measures: cash flow; earnings; earnings per share; market value added or economic value added; profits; return on assets; return on equity; return on investment; revenues; stock price; or total shareholder return. The LTIP is administered by a committee selected by the Board consisting of two or more outside members of the Board. The Committee may grant one or more awards to our employees, including our officers, our directors and consultants, and will determine the specific employees who will receive awards under the plan and the type and amount of any such awards. A participant who receives shares of stock awarded under the plan must hold those shares for six months before the participant may dispose of such shares.

SUMMARY OF SIGNIFICANT ACCOUN21

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	3 Months Ended
	Mar. 31, 2016
Accounting Policies [Abstract]
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis	In accordance with this guidance, the following table represents our fair value hierarchy for Level 1 and Level 2 financial instruments at March 31, 2016 (in thousands): Fair Value at Reporting Date Using Quoted Prices in Active Markets for Identical Assets Significant Other Observable Inputs Assets: Level 1 Level 2 Total Cash and cash equivalents $ 428 $ — $ 428 Liabilities: Long-term debt $ — $ (1,667 ) $ (1,667 ) Long term debt, related parties $ — $ (1,504 ) $ (1,504 )

INVENTORIES (Tables)

INVENTORIES (Tables)	3 Months Ended
	Mar. 31, 2016
Inventory Disclosure [Abstract]
Schedule of Inventory	Inventories as of March 31, 2016 and December 31, 2015 consist of the following: March 31, 2016 December 31, 2015 Raw Materials Finished Goods Processing Costs Total (unaudited) Raw Materials Finished Goods Processing Costs Total (in thousands) Ferrous and non-ferrous materials $ 1,602 $ 626 $ 592 $ 2,820 $ 1,354 $ 649 $ 404 $ 2,407 Other — 6 — 6 — 3 — 3 Total inventories for sale $ 1,602 $ 632 $ 592 $ 2,826 $ 1,354 $ 652 $ 404 $ 2,410

LONG TERM DEBT AND NOTES PAYA23

LONG TERM DEBT AND NOTES PAYABLE TO BANK (Tables)	3 Months Ended
	Mar. 31, 2016
Debt Disclosure [Abstract]
Schedule of Long-term	ong term debt as of March 31, 2016 and December 31, 2015 consisted of the following: 2016 2015 (Unaudited) (in thousands) Revolving credit facility with MidCap at March 31, 2016 and Wells Fargo at December 31, 2015, see above description for additional details. $ 1,667 $ 20 K&R, LLC related party note (See Note 6 - Related Party Transactions) 884 — 7100 Grade Lane, LLC related party note (See Note 6 - Related Party Transactions) 620 — 3,171 20 Less current maturities — 20 $ 3,171 $ —
Schedule of Maturities of Long-term Debt	The annual maturities of long term debt (in thousands) for the next five twelve-month periods and thereafter ending March 31 of each year are as follows: 2017 $ — 2018 1,667 2019 — 2020 1,504 2021 — Total $ 3,171

LEASE COMMITMENTS (Tables)

LEASE COMMITMENTS (Tables)	3 Months Ended
	Mar. 31, 2016
Leases [Abstract]
Schedule of Future Minimum Rental Payments	Future minimum lease payments for operating leases for the next five twelve-month periods ending March 31 of each year, in thousands, as of March 31, 2016 are as follows: 2017 $ 1,154 2018 955 2019 404 2020 194 2021 — Future minimum lease payments $ 2,707 Total r

PER SHARE DATA (Tables)

PER SHARE DATA (Tables)	3 Months Ended
	Mar. 31, 2016
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted	The computation for basic and diluted earnings (loss) per share is as follows: Three months ended March 31, 2016 compared to three months ended March 31, 2015 : 2016 2015 (in thousands, except per share information) Continuing operations: Basic loss per share Net loss $ (1,425 ) $ (3,411 ) Weighted average shares outstanding 8,019 7,965 Basic loss per share $ (0.18 ) $ (0.43 ) Diluted loss per share Net loss $ (1,425 ) $ (3,411 ) Weighted average shares outstanding 8,019 7,965 Add dilutive effect of assumed exercising of stock options and warrants — — Diluted weighted average shares outstanding 8,019 7,965 Diluted loss per share $ (0.18 ) $ (0.43 ) 2016 2015 (in thousands, except per share information) Discontinued operations: Basic income per share Net income $ — $ 310 Weighted average shares outstanding 8,019 7,965 Basic income per share $ — $ 0.04 Diluted income per share Net income $ — $ 310 Weighted average shares outstanding 8,019 7,965 Add dilutive effect of assumed exercising of stock options and warrants — — Diluted weighted average shares outstanding 8,019 7,965 Diluted income per share $ — $ 0.04

RELATED PARTY TRANSACTIONS RELA

RELATED PARTY TRANSACTIONS RELATED PARTY TRANSACTIONS (Tables)	3 Months Ended
	Mar. 31, 2016
Related Party Transactions [Abstract]
Schedule of Related Party Transactions	Related party balances are as follows, in thousands: 2016 2015 K&R, LLC and 7100 LLC: Deposit amounts owed to the Company by K&R (1) 42 74 Property deposit payable to K&R (2) — 500 Note payable to related parties (3) 1,504 — Accrued interest to related parties (2) 6 — Facility rent payable to K&R (2) (28 ) 821 Equipment rent payable to K&R (2) 5 132 Facility rent expense to K&R (4) 161 161 Equipment rent expense to K&R (4) 15 32 Algar, Inc.: Accounts receivable from Algar for scrap transactions (1) 5 93 Accounts receivable from Algar for logistical services (1) 1 19 Accounts payable to Algar (2) 4 28 Bonus payable to Algar (2) 147 189 Revenue from scrap sales to Algar (4) 12 — Revenue from logistical services to Algar (4) 27 7 Revenue from IT services to Algar (4) 7 5 Scrap material purchases from Algar (4) 391 356 Management fee expense (4) 63 58 Bonus expense to Algar (4) 100 — Other expenses to Algar (4) 6 16 Board of Directors: * Accounts payable to the Board of Directors for fees (2) 207 250 Board of director fee expense (4) 2 45 LK Property Investments, LLC: Lease deposit to LK Property (1) 3 3 Accounts payable to LK Property (2) 2 2 Rent expense to LK Property** (4) 9 — Metal X, LLC: Accounts receivable from Metal X (1) 12 19 Revenue from product sales to Metal X (4) 12 344 * Excludes insignificant amount of travel reimbursement. **Excludes amounts reimbursed to LK Properties for utilities and property tax. (1) Included in receivable from related parties on the Condensed Consolidated Balance Sheets; balances are as of March 31, 2016 and December 31, 2015 . (2) Included in payable to related parties on the Condensed Consolidated Balance Sheets; balances are as of March 31, 2016 and December 31, 2015 . (3) Included in long-term liabilities on the Condensed Consolidated Balance Sheets; balance is as of March 31, 2016 and December 31, 2015 . (4) Included in the Condensed Consolidated Statements of Operations; balances are for the three months ended March 31, 2016 and March 31, 2015 .

SHARE-BASED COMPENSATION SHAR27

SHARE-BASED COMPENSATION SHARE-BASED COMPENSATION (Tables)	3 Months Ended
	Mar. 31, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]	: Options Number of shares (in thousands) Weighted Average Exercise Price per Share Weighted Average Remaining Contractual Term Weighted Average Grant Date Fair Value Outstanding at December 31, 2014 2,152 $ 5.02 2.7 years $ 2.23 Granted 20 5.71 — 3.01 Outstanding at December 31, 2015 2,172 $ 5.02 1.7 years $ 2.24 Outstanding at March 31, 2016 2,172 $ 5.02 1.5 years $ 2.24 Exercisable at March 31, 2016 1,309 $ 4.96 1.5 years $ 2.26 Securities available for grant at March 31, 2016 1,556

DISCONTINUED OPERATIONS DISCO28

DISCONTINUED OPERATIONS DISCONTINUED OPERATIONS (Tables)	3 Months Ended
	Mar. 31, 2016
Discontinued Operations and Disposal Group [Abstract]
Schedule of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet and Additional Disclosures [Table Text Block]	Financial information for the Waste Services discontinued operations is summarized as follows: 2015 (in thousands) Revenue from services and product sales $ 1,929 Cost of sales for services 1,423 Selling, general, and administrative expenses 202 Gain on the sale of equipment 6 Net income $ 310 2015 (in thousands) Cash flows from operating activities Net income from discontinued operations $ 310 Adjustments to reconcile net loss to net cash from operating activities: Depreciation and amortization 106 Gain on sale of property and equipment (6 ) Change in assets and liabilities Receivables 212 Inventories (1 ) Other assets (3 ) Accounts payable 354 Other current liabilities 25 Net cash from operating activities $ 997 Cash flows from investing activities Proceeds from sale of property and equipment 6 Purchases of property and equipment (121 ) Net cash used in investing activities $ (115 ) A pro forma summary of continuing operations for the three months ended March 31, 2015 assuming the Waste Services Segment was sold at the beginning of the quarter is as follows (unaudited): 2015 (in thousands, except per share data) Total revenue $ 16,269 Net loss from continuing operations (3,411 ) Net loss (3,101 ) Net loss from continuing operations per share $ (0.43 ) Net loss per share (0.39 )

SUMMARY OF SIGNIFICANT ACCOUN29

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Commodity Markets and Liquidity Conditions) (Details)	Dec. 04, 2015USD ($)	May. 19, 2015USD ($)	Apr. 30, 2015USD ($)a	Mar. 31, 2016USD ($)	Jun. 30, 2015USD ($)	Mar. 31, 2015USD ($)	Dec. 31, 2015USD ($)	Nov. 06, 2015USD ($)	Nov. 05, 2015USD ($)	May. 18, 2015a
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Gain on the sale of equipment				$ 0		$ 424,000
Impairment of Long-Lived Assets Held-for-use				0		637,000
Long-term Debt				$ 3,171,000			$ 0
Waste Services Segment [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Gain on the sale of equipment						6,000
Consideration at closing	$ 7,500,000
Amount retained by purchaser	$ 150,000
Number of years after closing	5 years
Service period after close (in months)	6 months
Ferrous Material [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Average selling price							49.40%
Non Ferrous Material [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Average selling price							24.90%
ISA Real Estate LLC | Affiliated Entity, LK Property Investments, LLC [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of acres | a			4.4
Proceeds from sale of real estate			$ 1,000,000
Gain on the sale of equipment			$ 102,000
Real Estate Sale [Member] | ISA Real Estate LLC | Affiliated Entity, SG&D Ventures, LLC [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Gain on the sale of equipment		$ 1,100			$ 1,100
Area of property | a										1
Appraisal amount		350,000
Cash		300,000
Credit against bonus compensation		$ 50,000
Forbearance Agreement [Member] | Revolving Credit Facility [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Maximum revolving commitment								$ 5,000,000	$ 15,000,000
Line of Credit Facility, Revolving Credit Conversion to Term Loan [Member] | WESSCO Line of Credit Note [Member] | Affiliated Entity [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Long-term Debt	$ 5,000,000
Auto Shredder and Downstream Processing System [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Impairment of Long-Lived Assets Held-for-use						$ 636,600

SUMMARY OF SIGNIFICANT ACCOUN30

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Fair Value of Financial Instruments) (Details) - USD ($)	Mar. 31, 2016	Dec. 31, 2015
Liabilities, Fair Value Disclosure [Abstract]
Due to Related Parties, Noncurrent	$ (1,504,000)	$ 0
Fair Value, Measurements, Recurring [Member] | Fair value
Assets, Fair Value Disclosure [Abstract]
Cash and cash equivalents	428,000
Liabilities, Fair Value Disclosure [Abstract]
Long-term debt	(1,667,000)
Due to Related Parties, Noncurrent	(1,504,000)
Fair Value, Measurements, Recurring [Member] | Level 1 [Member]
Assets, Fair Value Disclosure [Abstract]
Cash and cash equivalents	428,000
Liabilities, Fair Value Disclosure [Abstract]
Long-term debt	0
Due to Related Parties, Noncurrent	0
Fair Value, Measurements, Recurring [Member] | Level 2 [Member]
Assets, Fair Value Disclosure [Abstract]
Cash and cash equivalents	0
Liabilities, Fair Value Disclosure [Abstract]
Long-term debt	(1,667,000)
Due to Related Parties, Noncurrent	$ (1,504,000)

SUMMARY OF SIGNIFICANT ACCOUN31

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Stock Option Plan) (Details) shares in Thousands	Dec. 02, 2013tranche$ / sharesshares	Mar. 31, 2016tranche	Dec. 31, 2014shares	Dec. 31, 2009shares
Performance Shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares available under plan				2,400
Stock Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Maximum term of options				5 years
Stock options (in Shares)			20
Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Holding Period		6 months
Algar, Inc. [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options (in Shares)	1,500
Algar, Inc. [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of tranches | tranche	4
Exercise price (USD per Share) | $ / shares	$ 5
Number of tranches subject to performance condition evaluation | tranche		2

SUMMARY OF SIGNIFICANT ACCOUN32

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Subsequent Events) (Details) - Louisville, Kentucky [Member] - Equipment [Member] - Subsequent event	May. 01, 2016USD ($)
Subsequent Event [Line Items]
Operating Leases, Monthly Rent Expense, Gross, Months 1-12	$ 14,500
Operating Leases, Monthly Rent Expense, Gross, Subsequent to Months 1-12	$ 31,300

INVENTORIES (Details)

INVENTORIES (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Dec. 31, 2015
Inventory [Line Items]
Inventory adjustment for lower of cost or market	$ 0	$ 791
Raw Materials	1,602		$ 1,354
Finished Goods	632		652
Processing Costs	592		404
Total (unaudited in 2014)	2,826		2,410
Ferrous materials [Member]
Inventory [Line Items]
Inventory adjustment for lower of cost or market		$ 800
Stainless steel, ferrous and non-ferrous materials [Member]
Inventory [Line Items]
Raw Materials	1,602		1,354
Finished Goods	626		649
Processing Costs	592		404
Total (unaudited in 2014)	2,820		2,407
Other [Member]
Inventory [Line Items]
Raw Materials	0		0
Finished Goods	6		3
Processing Costs	0		0
Total (unaudited in 2014)	$ 6		$ 3

LONG TERM DEBT AND NOTES PAYA34

LONG TERM DEBT AND NOTES PAYABLE TO BANK LONG TERM DEBT AND NOTES PAYABLE TO BANK (MidCap) (Details) - USD ($)	Feb. 29, 2016	Mar. 31, 2016	Dec. 31, 2015	Jun. 13, 2014
Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Line of Credit Facility, Remaining Borrowing Capacity			$ 800,000
Revolving Credit Facility [Member] | Revolving Loan [Member]
Debt Instrument [Line Items]
Maximum revolving commitment				$ 15,000,000
Percent of eligible inventory accounts receivable				85.00%
Percent of eligible inventory				65.00%
Equipment Sublimit [Member] | Line of Credit [Member] | MidCap 2016 Loan [Member]
Debt Instrument [Line Items]
Percent of eligible inventory accounts receivable	85.00%
Line of Credit Facility, Borrowing Capacity, Eligible Accounts Receivable	$ 2,500,000
Percent of eligible inventory	75.00%
Line of Credit Facility, Borrowing Capacity, Eligible Inventory	$ 500,000
Line of Credit Facility, Borrowing Capacity, Percent of Eligible Fixed Assets	40.00%
Debt Instrument, Term	60 months
Secured Debt [Member] | Line of Credit [Member] | MidCap 2016 Loan [Member]
Debt Instrument [Line Items]
Maximum revolving commitment	$ 6,000,000
Line of Credit Facility, Collateral Fees, Percent		0.275%
Line of Credit Facility, Commitment Fee Percentage		1.00%
Line of Credit Facility, Unused Capacity, Commitment Fee Percentage		0.50%
Line of Credit, Prepayment Fee, Greater Than Twelve Months		$ 60,000
Line of Credit Facility, Covenant Compliance, Minimum Borrowing Capacity		350,000
Real Property Owned and Pledged as Collateral, Amount Eligible to be Sold or Refinanced		3,000,000
Line of Credit Facility, Remaining Borrowing Capacity		1,400,000
Secured Debt [Member] | Line of Credit [Member] | MidCap 2016 Loan [Member] | Debt Instrument, Redemption, Period One [Member]
Debt Instrument [Line Items]
Line of Credit, Prepayment Fee, Less Than Twelve Months		$ 120,000
Line of Credit, Prepayment Fee, Period to Refinance		1 year
Secured Debt [Member] | Line of Credit [Member] | MidCap 2016 Loan [Member] | Debt Instrument, Redemption, Period Three [Member]
Debt Instrument [Line Items]
Line of Credit Facility, Commitment Fee Amount		$ 60,000
Line of Credit, Prepayment Fee, Period to Refinance		18 months
Secured Debt [Member] | Line of Credit [Member] | MidCap 2016 Loan [Member] | Prime Rate [Member]
Debt Instrument [Line Items]
Basis spread on variable rate		2.50%
Variable Rate During Period		3.50%
Interest rate increase		3.00%
Wells Fargo [Member] | Revolving Credit Facility [Member] | Revolving Loan [Member]
Debt Instrument [Line Items]
Long-term Line of Credit			$ 19,700

LONG TERM DEBT AND NOTES PAYA35

LONG TERM DEBT AND NOTES PAYABLE TO BANK (Promissory Notes) (Details)	Dec. 04, 2015USD ($)	Dec. 31, 2015USD ($)	Jun. 13, 2014USD ($)	Oct. 15, 2013USD ($)
Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Line of Credit Facility, Remaining Borrowing Capacity		$ 800,000
Revolving Credit Facility [Member] | Revolving Loan [Member]
Debt Instrument [Line Items]
Maximum revolving commitment			$ 15,000,000
Percent of eligible inventory accounts receivable			85.00%
Percent of eligible inventory			65.00%
Current borrowing capacity			$ 1,600,000
Notes Payable to Banks [Member] | Term Loan [Member]
Debt Instrument [Line Items]
Face amount			2,800,000
WESSCO, LLC [Member] | Notes Payable to Banks [Member] | KY Bank Notes [Member]
Debt Instrument [Line Items]
Number of promissory notes				2
WESSCO, LLC [Member] | Notes Payable to Banks [Member] | WESSCO Term Note [Member]
Debt Instrument [Line Items]
Repayments of Debt	$ 3,000,000
Face amount				$ 3,000,000
Number of promissory notes				1
WESSCO, LLC [Member] | Revolving Credit Facility Converting to Note Payable [Member] | KY Bank Notes [Member]
Debt Instrument [Line Items]
Maximum revolving commitment				$ 1,000,000
WESSCO, LLC [Member] | Long-term Debt [Member] | Loans Payable [Member] | Company Note [Member]
Debt Instrument [Line Items]
Face amount				$ 3,000,000
Letter of Credit [Member] | Revolving Credit Facility [Member] | Revolving Loan [Member]
Debt Instrument [Line Items]
Maximum revolving commitment			$ 1,000,000

LONG TERM DEBT AND NOTES PAYA36

LONG TERM DEBT AND NOTES PAYABLE TO BANK (Schedule of Long-Term Debt) (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Debt Instrument [Line Items]
Total long-term debt	$ 3,171	$ 20
Less current maturities	0	20
Long-term Debt	3,171	0
Revolving Credit Facility [Member] | Revolving credit facility of $15.0 million in 2014 with Wells Fargo Bank [Member]
Debt Instrument [Line Items]
Total long-term debt	1,667	20
K and R, LLC [Member] | WESSCO, LLC [Member]
Debt Instrument [Line Items]
Total long-term debt	884	0
Grade Lane 7100, LLC [Member] | WESSCO, LLC [Member]
Debt Instrument [Line Items]
Total long-term debt	$ 620	$ 0

LONG TERM DEBT AND NOTES PAYA37

LONG TERM DEBT AND NOTES PAYABLE TO BANK (Annual Maturities) (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Debt Disclosure [Abstract]
2,017	$ 0
2,018	1,667
2,019	0
2,020	1,504
2,021	0
Total long-term debt	$ 3,171	$ 0

LEASE COMMITMENTS (Narrative) (

LEASE COMMITMENTS (Narrative) (Details)	Aug. 31, 2015	Apr. 30, 2015USD ($)a	Dec. 01, 2014USD ($)	Oct. 01, 2014USD ($)	Mar. 02, 2014USD ($)	Jan. 01, 2013USD ($)	Mar. 31, 2016USD ($)	Mar. 31, 2015USD ($)	Dec. 31, 2015USD ($)	Dec. 31, 2013USD ($)	Feb. 28, 2014USD ($)
Operating Leased Assets [Line Items]
Rent expense, gross							$ 316,200	$ 335,500
Affiliated Entity, LK Property Investments, LLC [Member]
Operating Leased Assets [Line Items]
Monthly rental payments		$ 3,000
Termination notice period		90 days
Reimbursement percentage of property taxes		40.00%
Facility [Member] | Louisville, Kentucky [Member] | K and R, LLC [Member]
Operating Leased Assets [Line Items]
Monthly rent expense						$ 53,800
Facility [Member] | Seymour, Indiana [Member]
Operating Leased Assets [Line Items]
Monthly rent expense			$ 8,000
Monthly rent expense increase			$ 200
Lease term			3 years
Equipment [Member]
Operating Leased Assets [Line Items]
Lease renewal, option period				5 years
Equipment [Member] | Louisville, Kentucky [Member]
Operating Leased Assets [Line Items]
Monthly rent expense				$ 28,900
Equipment [Member] | Louisville, Kentucky [Member] | K and R, LLC [Member]
Operating Leased Assets [Line Items]
Monthly rent expense							$ 5,500		$ 5,000
Office Space [Member] | Dallas, Texas [Member]
Operating Leased Assets [Line Items]
Lease renewal, option period									6 months
Monthly rent expense								$ 1,000
Property [Member] | Louisville, Kentucky [Member]
Operating Leased Assets [Line Items]
Monthly rent expense					$ 3,800						$ 3,500
Lease term	19 months
ISA Real Estate LLC | Affiliated Entity, LK Property Investments, LLC [Member]
Operating Leased Assets [Line Items]
Number of acres | a		4.4
Related Party Transaction, Rent Expense, Property [Member] | Facility [Member] | Louisville, Kentucky [Member] | K and R, LLC [Member]
Operating Leased Assets [Line Items]
Operating Leases, Monthly Rent Expense										$ 48,500

LEASE COMMITMENTS (Lease Paymen

LEASE COMMITMENTS (Lease Payments) (Details) $ in Thousands	Mar. 31, 2016USD ($)
Leases [Abstract]
2,017	$ 1,154
2,018	955
2,019	404
2,020	194
2,021	0
Future minimum lease payments	$ 2,707

PER SHARE DATA (Details)

PER SHARE DATA (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Earnings Per Share [Abstract]
Net loss from continuing operations	$ (1,425)	$ (3,411)
Income from discontinued operations, net of tax	$ 0	$ 310
Weighted average shares outstanding (in Shares)	8,019	7,965
Basic earnings (loss) per share (in Dollars per share)	$ (0.18)	$ (0.43)
Basic loss per share (in dollars per share)	$ 0	$ 0.04
Add dilutive effect of assumed exercising of stock options	0	0
Diluted weighted average shares outstanding (in Shares)	8,019	7,965
Diluted earnings (loss) per share (in Dollars per share)	$ (0.18)	$ (0.43)
Diluted loss per share (in dollars per share)	$ 0	$ 0.04

RELATED PARTY TRANSACTIONS RE41

RELATED PARTY TRANSACTIONS RELATED PARTY TRANSACTIONS (Narrative) (Details)

May. 19, 2015USD ($)

Apr. 30, 2015USD ($)a

Dec. 02, 2013USD ($)

Mar. 31, 2016USD ($)Rate

Jun. 30, 2015USD ($)

Mar. 31, 2015USD ($)

Feb. 29, 2016USD ($)

Dec. 31, 2015USD ($)

Aug. 05, 2015USD ($)

Aug. 04, 2015USD ($)

May. 18, 2015a

Dec. 31, 2014USD ($)

Sep. 13, 2013USD ($)

Related Party Transaction [Line Items]

Gain on the sale of equipment

$ 0

$ 424,000

Former Chairman and Chief Executive Officer [Member]

Related Party Transaction [Line Items]

Percentage shares owned (in excess) | Rate

20.00%

Affiliated Entity, LK Property Investments, LLC [Member]

Related Party Transaction [Line Items]

Monthly rental payments

$ 3,000

Termination notice period

90 days

Reimbursement percentage of property taxes

40.00%

Algar, Inc. [Member]

Related Party Transaction [Line Items]

Percent of year-over-year increase in pre-tax income for bonus

10.00%

Accrued bonuses included in payable to related party

$ 46,600

$ 378,000

$ 428,000

Algar, Inc. [Member] | President [Member] | Maximum [Member]

Related Party Transaction [Line Items]

President's salary, monthly

$ 20,800

President's salary, annually

$ 250,000

ISA Real Estate LLC | Affiliated Entity, LK Property Investments, LLC [Member]

Related Party Transaction [Line Items]

Number of acres | a

4.4

Proceeds from sale of real estate

$ 1,000,000

Gain on the sale of equipment

$ 102,000

ISA Real Estate LLC | Affiliated Entity, SG&D Ventures, LLC [Member] | Real Estate Sale [Member]

Related Party Transaction [Line Items]

Increase (decrease) in accounts payable, related parties

$ 50,000

Gain on the sale of equipment

1,100

$ 1,100

Area of property | a

1

Appraisal amount

350,000

Proceeds from Sale of Real Estate

$ 300,000

K and R, LLC [Member] | Affiliated Entity [Member]

Related Party Transaction [Line Items]

Payable to related parties

0

$ 500,000

Notes Payable, Related Parties

1,504,000

$ 0

Due from Related Parties

$ 32,000

Due to Related Parties

500,000

K and R, LLC [Member] | Affiliated Entity [Member] | Louisville, Kentucky [Member]

Related Party Transaction [Line Items]

Payable to related parties

$ 500,000

Algar, Inc. [Member] | Affiliated Entity [Member]

Related Party Transaction [Line Items]

Accrued bonuses included in payable to related party

$ 378,000

Accounts Payable, Related Parties

(142,400)

Related Party Transaction, Bonus Expense

$ 100,000

$ 0

The Kletter Notes [Member] | Unsecured Debt [Member] | K and R, LLC [Member] | Affiliated Entity [Member]

Related Party Transaction [Line Items]

Notes Payable, Related Parties

$ 620,300

Debt Instrument, Interest Rate, Stated Percentage

5.00%

The Kletter Notes [Member] | Unsecured Debt [Member] | Grade Lane 7100, LLC [Member] | Affiliated Entity [Member]

Related Party Transaction [Line Items]

Notes Payable, Related Parties

$ 883,800

The Kletter Notes [Member] | Unsecured Debt [Member] | Kletter Estate [Member] | Affiliated Entity [Member]

Related Party Transaction [Line Items]

Notes Payable, Related Parties

$ 1,504,100

RELATED PARTY TRANSACTIONS RE42

RELATED PARTY TRANSACTIONS RELATED PARTY TRANSACTIONS (Schedule of Related Party Transactions) (Details) - USD ($)	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Dec. 31, 2015
Related Party Transaction [Line Items]
Related party payables	$ 343,000		$ 1,922,000
Director [Member]
Related Party Transaction [Line Items]
Accounts payable	207,000		250,000
Expenses	2,000	$ 45,000
K and R, LLC [Member] | Affiliated Entity [Member]
Related Party Transaction [Line Items]
Deposits (included in other long-term assets)	42,000		74,000
Deposit payable	0		500,000
Notes Payable, Related Parties	1,504,000		0
Accrued Interest, Related Party	6,000		0
K and R, LLC [Member] | Affiliated Entity [Member] | Accrued rent payable
Related Party Transaction [Line Items]
Related party payables	(28,000)		821,000
K and R, LLC [Member] | Affiliated Entity [Member] | Rent expense (property)
Related Party Transaction [Line Items]
Expenses	161,000	161,000
K and R, LLC [Member] | Affiliated Entity [Member] | Lease expense (equipment)
Related Party Transaction [Line Items]
Related party payables	5,000		132,000
Expenses	15,000	32,000
Algar, Inc. [Member] | Affiliated Entity [Member]
Related Party Transaction [Line Items]
Accounts payable	4,000		28,000
Related party payables	147,000		189,000
Related Party Transaction, Bonus Expense	100,000	0
Expenses	6,000	16,000
Algar, Inc. [Member] | Affiliated Entity [Member] | Scrap metal purchase [Member]
Related Party Transaction [Line Items]
Expenses	391,000	356,000
Algar, Inc. [Member] | Affiliated Entity [Member] | Management fee expense [Member]
Related Party Transaction [Line Items]
Expenses	63,000	58,000
Algar, Inc. [Member] | Affiliated Entity [Member] | Sale of Scrap Metal [Member]
Related Party Transaction [Line Items]
Accounts receivable	5,000		93,000
Revenue from product sales & services	12,000	0
Algar, Inc. [Member] | Affiliated Entity [Member] | Logistical Services [Member]
Related Party Transaction [Line Items]
Accounts receivable	1,000		19,000
Revenue from product sales & services	27,000	7,000
Algar, Inc. [Member] | Affiliated Entity [Member] | IT Services [Member]
Related Party Transaction [Line Items]
Revenue from product sales & services	7,000	5,000
Affiliated Entity, LK Property Investments, LLC [Member] | Affiliated Entity [Member]
Related Party Transaction [Line Items]
Deposits (included in other long-term assets)	3,000		3,000
Accounts payable	2,000		2,000
Expenses	9,000	0
MetalX, LLC [Member] | Affiliated Entity [Member]
Related Party Transaction [Line Items]
Accounts receivable	12,000		$ 19,000
Revenue from product sales & services	$ 12,000	$ 344,000

SHARE-BASED COMPENSATION SHAR43

SHARE-BASED COMPENSATION SHARE-BASED COMPENSATION (Details) - USD ($)	Mar. 29, 2016	Mar. 25, 2016	Aug. 05, 2015	Jan. 02, 2015	Dec. 02, 2013	May. 13, 2016	Dec. 31, 2014	Mar. 31, 2016
Stock Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options (in Shares)							20,000
Stock Option [Member] | Chief Financial Officer [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options (in Shares)				20,000
Exercise price (USD per Share)				$ 5.71
Vesting period				3 years
Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period	11,400
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grant Date Fair Value	$ 32,000
Restricted Stock Units (RSUs) [Member] | Chief Financial Officer [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period		32,000
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grant Date Fair Value		$ 90,200
Algar, Inc. [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options (in Shares)					1,500,000
Algar, Inc. [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Exercise price (USD per Share)					$ 5
Accrued bonuses included in payable to related party			$ 378,000				$ 428,000	$ 46,600
Options 1 [Member] | Algar, Inc. [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options (in Shares)					375,000
Options 2 [Member] | Algar, Inc. [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options (in Shares)					375,000
Options 3 [Member] | Algar, Inc. [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options (in Shares)					375,000
Share-based Compensation, Shares Authorized under Stock Option Plans, Increase in Revenue Following Acquisition					$ 90,000,000
Options 4 [Member] | Algar, Inc. [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options (in Shares)					375,000
Share-based Compensation, Shares Authorized under Stock Option Plans, Increase in Revenue Following Acquisition					$ 120,000,000
Minimum [Member] | Options 2 [Member] | Algar, Inc. [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share Price					$ 6
Minimum [Member] | Options 3 [Member] | Algar, Inc. [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share Price					8
Minimum [Member] | Options 4 [Member] | Algar, Inc. [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share Price					$ 9
Private Placement [Member] | Algar, Inc. [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares issued (in shares)			50,700
Common Stock1			$ 189,000
Subsequent event | Chief Financial Officer [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Potential options canceled						170,000
Subsequent event | Restricted Stock Units (RSUs) [Member] | Chief Financial Officer [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Potential grants						90,000

SHARE-BASED COMPENSATION SHAR44

SHARE-BASED COMPENSATION SHARE-BASED COMPENSATION (Stock Option Plan Activity) (Details) - Stock Option [Member] - $ / shares shares in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Number of Shares Outstanding [Roll Forward]
Beginning Balance, Outstanding Shares	2,172	2,152
Granted, Shares			20
Ending Balance, Outstanding Shares	2,172	2,172	2,152
Exercisable, Shares	1,309
Available for Grant, Shares	1,556
Weighted Average Exercise Price [Roll Forward]
Outstanding, Weighted Average Exercise Price ($ per Share)	$ 5.02	$ 5.02
Granted, Weighted Average Exercise Price ($ per Share)			$ 5.71
Outstanding, Weighted Average Exercise Price ($ per Share)	5.02	$ 5.02	$ 5.02
Exercisable, Weighted Average Exercise Price ($ per Share)	$ 4.96
Outstanding, Weighted Average Remaining Contractual Term	1 year 6 months	1 year 8 months	2 years 8 months
Exercisable, Weighted Average Remaining Contractual Term	1 year 6 months
Weighted Average Grant Date Fair Value [Roll Forward]
Outstanding, Weighted Average Grant Date Fair Value ($ per Share)	$ 2.24	$ 2.24	$ 2.23
Granted, Weighted Average Grant Date Fair Value ($ per Share)			3.01
Outstanding, Weighted Average Grant Date Fair Value ($ per Share)	2.24	$ 2.24	$ 2.23
Exercisable, Weighted Average Grant Date Fair Value ($ per Share)	$ 2.26

FINANCING AND RELATED MATTERS F

FINANCING AND RELATED MATTERS FINANCING AND RELATED MATTERS (Details)	Jun. 13, 2014USD ($)director$ / sharesshares	Mar. 31, 2016director
Related Party Transaction [Line Items]
Number of board members designated by investor | director		1
Securities Purchase Agreement [Member] | Recycling Capital Partners, LLC [Member]
Related Party Transaction [Line Items]
Shares issued (in shares) | shares	857,143
Offering price | $	$ 3,000,000
Warrant term	5 years
Additional shares | shares	857,143
Expiration period	6 months
Exercise price (USD per Share) | $ / shares	$ 5
Proceeds purchase agreement | $	$ 104,500
Director Designation Agreement [Member]
Related Party Transaction [Line Items]
Number of board members authorized to appoint | director	2
Percentage of stock owned by investor	5.00%

DISCONTINUED OPERATIONS DISCO46

DISCONTINUED OPERATIONS DISCONTINUED OPERATIONS (Narrative) (Details) - Waste Services Segment [Member] - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 04, 2015
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Consideration at closing		$ 7,500,000
Amount retained by purchaser		$ 150,000
Transaction cost	$ 350,000
Gain on discontinued operation	$ (6,031,000)
Non-compete agreement term	5 years

DISCONTINUED OPERATIONS DISCO47

DISCONTINUED OPERATIONS DISCONTINUED OPERATIONS (Financial Information for Discontinued Operations) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Gain on the sale of equipment	$ 0	$ 424
Net income	0	310
Increase (Decrease) in Accounts Receivable	426	(3,681)
Increase (Decrease) in Inventories	416	(460)
Increase (Decrease) in Other Operating Assets	18	12
Accounts payable	(257)	(163)
Other current liabilities	123	199
Net cash provided by operating activities	0	997
Proceeds from sale of property and equipment	0	848
Payments to Acquire Property, Plant, and Equipment	0	26
Net cash used in investing activities	$ 0	(115)
Waste Services Segment [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Revenue from services and product sales		1,929
Cost of sales for services		1,423
Selling, general, and administrative expenses		202
Gain on the sale of equipment		6
Net income		310
Discontinued Operation, Income (Loss) from Discontinued Operation During Phase-out Period, Net of Tax		310
Depreciation and Amortization, Discontinued Operations		106
Net cash provided by operating activities		997
Net cash used in investing activities		(115)
Discontinued Operations [Member] | Waste Services Segment [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Gain on the sale of equipment		6
Increase (Decrease) in Accounts Receivable		(212)
Increase (Decrease) in Inventories		1
Increase (Decrease) in Other Operating Assets		3
Accounts payable		354
Other current liabilities		25
Proceeds from sale of property and equipment		6
Payments to Acquire Property, Plant, and Equipment		$ 121

DISCONTINUED OPERATIONS DISCO48

DISCONTINUED OPERATIONS DISCONTINUED OPERATIONS (Pro Forma) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Net loss from continuing operations	$ (1,425)	$ (3,411)
Net loss	$ (1,425)	(3,101)
Pro Forma [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Total revenue		16,269
Net loss from continuing operations		(3,411)
Net loss		$ (3,101)
Net loss from continuing operations per share (in dollars per share)		$ (0.43)
Net income (loss) per share (in dollars per share)		$ (0.39)