Broad Street Realty (BRST) 10-Q 14 Aug 14 2014 Q2 Quarterly report Financial data

Document_And_Entity_Informatio

Document And Entity Information	6 Months Ended
	Jun. 30, 2014	Aug. 05, 2014
Document Information [Line Items]	'	'
Document Type	'10-Q	'
Amendment Flag	'false	'
Document Period End Date	30-Jun-14	'
Document Fiscal Year Focus	'2014	'
Document Fiscal Period Focus	'Q2	'
Entity Registrant Name	'Banyan Rail Services Inc.	'
Entity Central Index Key	'0000764897	'
Current Fiscal Year End Date	'--12-31	'
Entity Filer Category	'Smaller Reporting Company	'
Trading Symbol	'BARA	'
Entity Common Stock, Shares Outstanding	'	1,095,608

Condensed_Consolidated_Balance

Condensed Consolidated Balance Sheets (USD $)	Jun. 30, 2014	Dec. 31, 2013
Current assets	'	'
Cash	$5,490	$27,124
Prepaid insurance	11,767	10,904
Total current assets	17,257	38,028
Total assets	17,257	38,028
Current liabilities	'	'
Accounts payable	77,054	30,293
Accrued payroll	32,467	33,311
Accrued professional fees	22,500	3,123
Accrued interest	11,333	0
Accrued expenses	1,213	1,623
Demand loans - related party	300,000	150,000
Accrued dividends	410,017	382,267
Total current liabilities	854,584	600,617
Total liabilities	854,584	600,617
Commitments and contingencies	'	'
Stockholders' deficit	'	'
Common stock, $0.01 par value. 7,500,000 shares authorized, 1,095,508 and 1,036,945 issued as of June 30, 2014 and December 31, 2013, respectively	10,955	10,369
Accrued common stock issuable	0	162,300
Additional paid-in capital	94,529,349	94,252,890
Accumulated deficit	-97,854,959	-97,465,476
Treasury stock, at cost, for 5,655 shares	-70,689	-70,689
Total stockholders' deficit	-837,327	-562,589
Total liabilities and stockholders' deficit	17,257	38,028
Series A Preferred stock	'	'
Stockholders' deficit	'	'
Preferred stock	200	200
Series B Preferred stock	'	'
Stockholders' deficit	'	'
Preferred stock	552,817	552,817
Series C Preferred stock	'	'
Stockholders' deficit	'	'
Preferred stock	$1,995,000	$1,995,000

Condensed_Consolidated_Balance1

Condensed Consolidated Balance Sheets (Parenthetical) (USD $)	Jun. 30, 2014	Dec. 31, 2013
Common stock, par value	$0.01	$0.01
Common stock, shares authorized	7,500,000	7,500,000
Common stock, issued	1,095,508	1,036,945
Treasury Stock, Shares	5,655	5,655
Series A Preferred stock	'	'
Preferred stock, par value	$0.01	$0.01
Preferred stock, shares authorized	20,000	20,000
Preferred stock, shares issued	20,000	20,000
Series B Preferred stock	'	'
Preferred stock, par value	$0.01	$0.01
Preferred stock, shares authorized	10,000	10,000
Preferred stock, shares issued	10,000	10,000
Series C Preferred stock	'	'
Preferred stock, par value	$0.01	$0.01
Preferred stock, shares authorized	20,000	20,000
Preferred stock, shares issued	19,950	19,950

Condensed_Consolidated_Stateme

Condensed Consolidated Statements of Operations (USD $)	3 Months Ended		6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
General & administrative expenses	$122,195	$103,125	$237,900	$279,208
Loss from operations	-122,195	-103,125	-237,900	-279,208
Interest expense	-97,708	0	-151,583	0
Loss from continuing operations before income taxes and discontinued operations	-219,903	-103,125	-389,483	-279,208
Loss from discontinued operations	0	0	0	-239,130
Gain (loss) attributable to discontinued operations	0	-6,976	0	2,050,233
Net (loss) income	-219,903	-110,101	-389,483	1,531,895
Dividends for the benefit of preferred stockholders:	'	'	'	'
Preferred stock dividends	-124,875	-124,875	-249,750	-249,750
Amortization of preferred stock beneficial conversion feature	0	-38,852	0	-77,276
Total dividends for the benefit of preferred stockholders	-124,875	-163,727	-249,750	-327,026
Net (loss) income attributable to common stockholders	($344,778)	($273,828)	($639,233)	$1,204,869
Weighted average number of common shares outstanding:	'	'	'	'
Basic and diluted	1,072,572	886,145	1,072,572	886,145
Net loss per common share from continuing operations, basic and diluted	($0.21)	($0.12)	($0.36)	($0.32)
Net income (loss) per common share from discontinued operations, basic and diluted	$0	($0.01)	$0	$2.04
Net (loss) income per common share, basic and diluted	($0.21)	($0.13)	($0.36)	$1.72
Net (loss) income attributable to common shareholders per share	($0.32)	($0.31)	($0.60)	$1.36

Condensed_Consolidated_Stateme1

Condensed Consolidated Statements of Cash Flows (USD $)	6 Months Ended		12 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Dec. 31, 2013
Cash flows from operating activities:	'	'	'
Net (loss) income	($389,483)	$1,531,895	$1,142,827
Adjustments to reconcile net (loss) income to net cash	'	'	'
Depreciation	0	1,678	'
Stock compensation expense	2,245	2,769	'
Interest expense settled in stock	140,250	0	'
Loss on sale of equipment	0	414	'
Gain on discontinued operations	0	-2,050,233	'
Changes in assets and liabilities, net of effects of discontinued operations:	'	'	'
Decrease in accounts receivable	0	22,478	'
Increase in prepaid expenses and other current assets	-863	-2,203	'
Increase in accounts payable and accrued expenses	76,217	122,757	'
Net cash used in operating activities	-171,634	-370,445	'
Cash flows from financing activities:	'	'	'
Proceeds on demand loan - related party	150,000	311,800	'
Proceeds from line of credit	0	55,031	'
Net cash from financing activities	150,000	366,831	'
Net decrease increase in cash	-21,634	-3,614	'
Cash, beginning of period	27,124	5,745	5,745
Cash, end of period	5,490	2,131	27,124
Non cash financing activities:	'	'	'
Preferred stock dividend in excess of payments	249,750	354,517	'
Issuance of common shares in lieu of cash dividends payable	222,000	378,895	'
Issuance of shares in settlement of loans and advances payable	0	411,800	'
Issuance of shares in lieu of cash interest	$302,550	$0	'

Consolidated_Statements_of_Sto

Consolidated Statements of Stockholders' Deficit (USD $)	Total	Common Stock	Common Stock Issuable [Member]	Preferred Stock	Additional Paid in Capital	Accumulated Deficit	Treasury Stock
Beginning Balance at Dec. 31, 2012	($2,851,099)	$6,961	$0	$2,670,975	$93,149,957	($98,608,303)	($70,689)
Beginning Balance (in shares) at Dec. 31, 2012	'	696,128	'	49,950	'	'	5,655
Amortization of beneficial conversion feature preferred stock - Series B	0	'	'	-122,958	122,958	'	'
Issuance of common stock	1,477,695	3,408	'	'	1,474,287	'	'
Issuance of common stock (in shares)	'	340,817	'	'	'	'	'
Common stock issuable	162,300	'	162,300	'	'	'	'
Stock compensation expense	5,189	'	'	'	5,189	'	'
Net (loss) income	1,142,827	'	'	'	'	1,142,827	'
Preferred stock dividends	-499,501	'	'	'	-499,501	'	'
Ending Balance at Dec. 31, 2013	-562,589	10,369	162,300	2,548,017	94,252,890	-97,465,476	-70,689
Ending Balance (in shares) at Dec. 31, 2013	'	1,036,945	'	49,950	'	'	5,655
Amortization of beneficial conversion feature preferred stock - Series B	0	'	'	0	0	'	'
Issuance of common stock	361,664	586	-162,300	'	523,964	'	'
Issuance of common stock (in shares)	'	58,563	'	'	'	'	'
Stock compensation expense	2,245	'	'	'	2,245	'	'
Net (loss) income	-389,483	'	'	'	'	-389,483	'
Preferred stock dividends	-249,750	'	'	'	-249,750	'	'
Ending Balance at Jun. 30, 2014	($837,327)	$10,955	$0	$2,548,017	$94,529,349	($97,854,959)	($70,689)
Ending Balance (in shares) at Jun. 30, 2014	'	1,095,508	'	49,950	'	'	5,655

Nature_of_Operations

Nature of Operations	6 Months Ended
	Jun. 30, 2014
Organization, Consolidation and Presentation Of Financial Statements [Abstract]	'
Nature of Operations	'
	Note 1.  Nature of Operations
	Banyan Rail Services Inc. (“Banyan,” “we,” “our” or the “Company”) was originally organized under the laws of the Commonwealth of Massachusetts in 1985, under the name VMS Hotel Investment Trust, for the purpose of investing in mortgage loans, principally to entities affiliated with VMS Realty Partners. The Company was subsequently reorganized as a Delaware corporation in 1987 and changed its name to B.H.I.T. Inc. In 2010, the Company changed its name from B.H.I.T. Inc. to Banyan Rail Services Inc. and purchased The Wood Energy Group, Inc. (“Wood Energy” or “Wood”). Wood Energy was engaged in the business of railroad tie reclamation and disposal.
	On January 11, 2013, Wood Energy filed a voluntary petition for reorganization relief under the provisions of Chapter 11 of Title 11 of the United States Bankruptcy Code in the United States Bankruptcy Court Southern District of Florida, which was voluntarily converted into a Chapter 7 bankruptcy on February 5, 2013. The assets of Wood were liquidated by the Trustee of the Bankruptcy Court. The proceeds from the sale were used to satisfy a portion of secured claims, with the remainder if any, allocated to the unsecured claims.
	The Company is actively seeking acquisitions of leading companies within the industrial, energy, transportation, technology and health care industries throughout North America.
	See Note 10, Subsidiary Bankruptcy and Settlement Agreement, regarding a settlement of the corporate guarantee for certain debts.
	Going Concern (See Note 4) The Company’s ability to continue on a going-concern basis is dependent upon, among other things, raising capital, implementation of the reorganization plan and finding an operating business to acquire, and other factors, many of which are beyond our control.

Basis_of_Presentation

Basis of Presentation	6 Months Ended
	Jun. 30, 2014
Organization, Consolidation and Presentation Of Financial Statements [Abstract]	'
Basis of Presentation	'
	Note 2.  Basis of Presentation
	The accompanying condensed consolidated financial statements give effect to all normal and recurring adjustments necessary to present fairly the financial position and results of operations and cash flows of the Company. All significant intercompany transactions and accounts have been eliminated in consolidation.
	Certain reclassifications have been made to the 2013 condensed consolidated financial statements to conform to the classifications used in 2014.
	In September 2013, the Company effectuated a 1 for 5 reverse split of its common stock. Share and per share amounts have been adjusted retroactively to reflect this transaction.

Summary_of_Significant_Account

Summary of Significant Accounting Policies	6 Months Ended
	Jun. 30, 2014
Accounting Policies [Abstract]	'
Summary of Significant Accounting Policies	'
	Note 3.  Summary of Significant Accounting Policies
	Use of Estimates
	The preparation of financial statements, in conformity with accounting principles generally accepted in the United States, requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Significant estimates include the useful lives of property and equipment, and the useful lives of intangible assets.
	Cash
	The Company considers all cash and bank deposits to be cash. From time to time our cash deposits exceed federally insured limits.
	Fair Value of Financial Instruments
	Recorded financial instruments as of June 30, 2014 consist of cash, accounts payable and short-term obligations. The related fair values of these financial instruments approximated their carrying values due to either the short-term nature of these instruments or based on the interest rates currently available to the Company.
	Earnings Per Share
	Basic earnings (loss) per share is computed based on the weighted average shares outstanding during the period. Diluted earnings (loss) per share is computed using the weighted average number of common and dilutive common stock equivalent shares outstanding during the period. Dilutive common stock equivalent shares consist of the dilutive effect of stock options and convertible preferred stock equivalents.
	Income Taxes
	The Company accounts for income taxes in accordance with ASC 740, Accounting for Income Taxes, as clarified by ASC 740-10, Accounting for Uncertainty in Income Taxes.  Under this method, deferred income taxes are determined based on the estimated future tax effects of differences between the financial statement and tax basis of assets and liabilities given the provisions of enacted tax laws.
	Deferred income tax provisions and benefits are based on changes to the assets or liabilities from year to year. In providing for deferred taxes, the Company considers tax regulations of the jurisdictions in which the Company operates, estimates of future taxable income, and available tax planning strategies. If tax regulations, operating results or the ability to implement tax-planning strategies vary, adjustments to the carrying value of deferred tax assets and liabilities may be required. Valuation allowances are recorded related to deferred tax assets based on the “more likely than not” criteria of ASC 740.
	ASC 740-10 requires that the Company recognize the financial statement benefit of a tax position only after determining that the relevant tax authority would more likely than not sustain the position following an audit. For tax positions meeting the “more-likely-than-not” threshold, the amount recognized in the financial statements is the largest benefit that has a greater than 50 percent likelihood of being realized upon ultimate settlement with the relevant tax authority.
	Retained Earnings distributions
	The Company’s preferred stockholders are entitled to receive payment before any of the common stockholders upon a liquidation of the Company and we cannot pay dividends on our common stock unless we first pay dividends required by our preferred stock.

Liquidity_and_Going_Concern

Liquidity and Going Concern	6 Months Ended
	Jun. 30, 2014
Liquidity And Going Concern [Abstract]	'
Liquidity and Going Concern	'
	Note 4. Liquidity and Going Concern
	At and for the six month period ended June 30, 2014, the Company had a net working capital deficiency of $837,327 and sustained negative cash flows from operating activities of $171,634. The Company recognizes the need to raise additional funds in order to meet working capital requirements. We cannot be certain that we will be able to obtain financing on favorable terms or at all. If we are unable to raise needed capital, our growth and our ability to continue as a going concern will be curtailed. In addition, if we raise capital by selling additional shares of stock, the percentage ownership of current shareholders in Banyan will be diluted.

Preferred_Stock_and_Common_Sto

Preferred Stock and Common Stock	6 Months Ended
	Jun. 30, 2014
Equity [Abstract]	'
Preferred Stock and Common Stock	'
	Note 5. Preferred Stock and Common Stock
	Preferred stock dividends for Series A, B and C are accrued for the semi-annual period ended June 30, 2014 in the amount of $249,750. During 2012, due to the lack of cash flow, the Company offered to settle the accrued dividends in common stock in lieu of cash. Substantially all preferred shareholders accepted the common stock in lieu of cash and the common shares for these dividends.
	As of June 30, 2014, Banyan Rail Holdings LLC (“Banyan Holdings”) owned 3,000, 10,000, 17,800 and 547,623 shares of Series A Preferred, Series B Preferred, Series C Preferred and Common stock, respectively. If converted Banyan Holdings would own 893,357 shares of common stock at June 30, 2014.

Income_Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2014
Income Tax Disclosure [Abstract]	'
Income Taxes	'
	Note 6. Income Taxes
	For the six months ended June 30, 2014 and 2013, the Company recorded an income tax provision of $0. The effective tax rate for the six months ended June 30, 2014 and 2013 was 0%. The tax rate differs from the statutory federal rate of 34% primarily due to valuation allowances recorded on the Company’s net operating loss carry forward generated during the period. The Company recorded an operating loss for the quarter, when excluding the one-time gain from discontinued operations, and has a recent history of operating losses. After assessing the realization of the net deferred tax assets, we have recorded a valuation allowance of 100% of the value of the net deferred tax assets, as we believe it more likely than not that the Company will not realize operating profits and taxable income so as to utilize all of the net operating losses in the future.

Earnings_loss_per_Share

Earnings (loss) per Share	6 Months Ended
	Jun. 30, 2014
Earnings Per Share [Abstract]	'
Earnings (loss) per Share	'
	Note 7. Earnings (loss) per Share
	The Company excluded from the diluted earnings per share calculation 533,097 shares issuable upon conversion of shares of convertible preferred stock that were outstanding at June 30, 2014 and 2013, respectively, as their inclusion would be anti-dilutive. In addition, the Company excluded 27,500 stock options as of June 30, 2014 as their inclusion would be anti-dilutive.

StockBased_Compensation

Stock-Based Compensation	6 Months Ended
	Jun. 30, 2014
Disclosure Of Compensation Related Costs, Share-Based Payments [Abstract]	'
Stock-Based Compensation	'
	Note 8.  Stock-Based Compensation
	The Company has stock option agreements with its directors and officers for serving on the Company’s Board of Directors and as officers. The options activity is as follows:
				Weighted		Weighted	Weighted
				Average		Average	Average
		Number		Exercise Price		Fair Value at	Remaining		Intrinsic
		of Shares		per Share		Grant Date	Contractual Life		Value
	Balance January 1, 2013	45,600	$	14.75			0.9 years		-
	Options granted	-		-	$	-	-		-
	Options exercised	-		-			-		-
	Options expired	-600	$	-0.05			-		-
	Balance, January 1, 2014	45,000	$	14.75			0.9 years	$	-
	Options granted	-		-	$	-	-		-
	Options exercised	-		-			-		-
	Options expired	-17,500	$	-1.83			-		-
	Balance, June 30, 2014	27,500	$	12.92			0.9 years	$	-
	Prior to June 30, 2010 the Company had not adopted a formal stock option plan. The number of options issued and the grant dates were determined at the discretion of the Company’s Board. Certain options vest at the date of grant and others vest over a one year period. The options are exercisable for periods not exceeding three to five years from the date of grant. On July 1, 2010 at its annual meeting of stockholders, the 2010 Stock Option and Award Plan was approved.
	The fair values of stock options are estimated using the Black-Scholes method, which takes into account variables such as estimated volatility, expected holding period, dividend yield, and the risk free interest rate. The risk free interest rate is the five year treasury rate at the date of grant. The expected life is based on the contractual life of the options at the date of grant.

Related_Party_Transactions

Related Party Transactions	6 Months Ended
	Jun. 30, 2014
Related Party Transactions [Abstract]	'
Related Party Transactions	'
	Note 9. Related Party Transactions
	On December 31, 2013, the Company entered into a demand promissory note with Banyan Holdings in the amount of $150,000 at an annual interest rate of 10%. The proceeds were used to fund working capital requirements. In connection with the demand promissory note, the Company issued 16,230 shares of common stock to Banyan Holdings on January 21, 2014 to induce Banyan Holdings to loan the Company working capital.
	On February 14, 2014, the Company entered into a line of credit with Banyan Holdings in the amount of $200,000 at an annual interest rate of 10%. In addition the Company agreed to issue shares of stock as an incentive to enter into the note at a ratio of 110 shares for every $1,000 drawn on the line of credit. As of June 30, 2014, the Company had drawn $150,000 on the line of credit and issued 16,500 shares of common stock to Banyan Holdings. The proceeds were used to fund working capital requirements.
	The Company’s directors and chief executive officer are currently not receiving cash compensation for their services, and no amounts have been recorded in the Company’s financial statements for the value of their services.
	The Company’s board of directors and officers directly or beneficially own 37,950 shares of the Company’s preferred stock and 668,743 shares of common stock as of June 30, 2014 or 1,110,010 shares, if the preferred is converted and options are exercised.

Subsidiary_Bankruptcy_and_Sett

Subsidiary Bankruptcy and Settlement Agreement	6 Months Ended
	Jun. 30, 2014
Commitments and Contingencies Disclosure [Abstract]	'
Subsidiary Bankruptcy and Settlement Agreement	'
	Note 10. Subsidiary Bankruptcy and Settlement Agreement
	On January 11, 2013, The Wood Energy filed a voluntary petition for reorganization relief under the provisions of Chapter 11 of Title 11 of the United States Bankruptcy Code in the United States Bankruptcy Court Southern District of Florida, which was voluntarily converted into a Chapter 7 Bankruptcy on February 5, 2013.
	The assets of Wood Energy were liquidated by the Trustee of the Bankruptcy Court. The proceeds for the sale were used to satisfy a portion of the secured claims, with the remainder if any, allocated to the unsecured claims.
	As a result of Banyan’s guarantee of Wood Energy’s outstanding secured debt, at the time of its bankruptcy filing, to Fifth Third Bank (“FTB” or “Fifth Third”), FTB filed an action against Banyan in the Circuit Court of the Fifteenth Judicial Circuit in Palm Beach County, Florida. The action was subsequently settled on September 26, 2013 when Banyan paid $200,000 to FTB which fully satisfied Banyan’s obligation and provided a full release for Banyan by FTB.

Summary_of_Significant_Account1

Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2014
Accounting Policies [Abstract]	'
Use of Estimates	'
	Use of Estimates
	The preparation of financial statements, in conformity with accounting principles generally accepted in the United States, requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Significant estimates include the useful lives of property and equipment, and the useful lives of intangible assets.
Cash	'
	Cash
	The Company considers all cash and bank deposits to be cash. From time to time our cash deposits exceed federally insured limits.
Fair Value of Financial Instruments	'
	Fair Value of Financial Instruments
	Recorded financial instruments as of June 30, 2014 consist of cash, accounts payable and short-term obligations. The related fair values of these financial instruments approximated their carrying values due to either the short-term nature of these instruments or based on the interest rates currently available to the Company.
Earnings Per Share	'
	Earnings Per Share
	Basic earnings (loss) per share is computed based on the weighted average shares outstanding during the period. Diluted earnings (loss) per share is computed using the weighted average number of common and dilutive common stock equivalent shares outstanding during the period. Dilutive common stock equivalent shares consist of the dilutive effect of stock options and convertible preferred stock equivalents.
Income Taxes	'
	Income Taxes
	The Company accounts for income taxes in accordance with ASC 740, Accounting for Income Taxes, as clarified by ASC 740-10, Accounting for Uncertainty in Income Taxes.  Under this method, deferred income taxes are determined based on the estimated future tax effects of differences between the financial statement and tax basis of assets and liabilities given the provisions of enacted tax laws.
	Deferred income tax provisions and benefits are based on changes to the assets or liabilities from year to year. In providing for deferred taxes, the Company considers tax regulations of the jurisdictions in which the Company operates, estimates of future taxable income, and available tax planning strategies. If tax regulations, operating results or the ability to implement tax-planning strategies vary, adjustments to the carrying value of deferred tax assets and liabilities may be required. Valuation allowances are recorded related to deferred tax assets based on the “more likely than not” criteria of ASC 740.
	ASC 740-10 requires that the Company recognize the financial statement benefit of a tax position only after determining that the relevant tax authority would more likely than not sustain the position following an audit. For tax positions meeting the “more-likely-than-not” threshold, the amount recognized in the financial statements is the largest benefit that has a greater than 50 percent likelihood of being realized upon ultimate settlement with the relevant tax authority.
Retained Earnings distributions	'
	Retained Earnings distributions
	The Company’s preferred stockholders are entitled to receive payment before any of the common stockholders upon a liquidation of the Company and we cannot pay dividends on our common stock unless we first pay dividends required by our preferred stock.

StockBased_Compensation_Tables

Stock-Based Compensation (Tables)	6 Months Ended
	Jun. 30, 2014
Disclosure Of Compensation Related Costs, Share-Based Payments [Abstract]	'
Stock Option Activities	'
	The options activity is as follows:
				Weighted		Weighted	Weighted
				Average		Average	Average
		Number		Exercise Price		Fair Value at	Remaining		Intrinsic
		of Shares		per Share		Grant Date	Contractual Life		Value
	Balance January 1, 2013	45,600	$	14.75			0.9 years		-
	Options granted	-		-	$	-	-		-
	Options exercised	-		-			-		-
	Options expired	-600	$	-0.05			-		-
	Balance, January 1, 2014	45,000	$	14.75			0.9 years	$	-
	Options granted	-		-	$	-	-		-
	Options exercised	-		-			-		-
	Options expired	-17,500	$	-1.83			-		-
	Balance, June 30, 2014	27,500	$	12.92			0.9 years	$	-

Summary_of_Significant_Account2

Summary of Significant Accounting Policies - Additional Information (Details)	6 Months Ended
	Jun. 30, 2014
Percentage Of Income Tax Examination Likelihood Of Tax Benefits Being Realized Upon Settlement	50.00%

Liquidity_and_Going_Concern_Ad

Liquidity and Going Concern - Additional Information (Details) (USD $)	6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013
Working Capital Deficiency	$837,327	'
Net Cash Provided by (Used in) Operating Activities, Total	($171,634)	($370,445)

Preferred_Stock_and_Common_Sto1

Preferred Stock and Common Stock- Additional Information (Details) (USD $)	6 Months Ended
	Jun. 30, 2014
Stockholders Equity Note [Line Items]	'
Preferred Stock, Amount of Preferred Dividends in Arrears	$249,750
Banyan Rail Holdings LLC	'
Stockholders Equity Note [Line Items]	'
Common shares issuable upon conversion of convertible preferred stock	893,357
Common Stock Shares Outstanding	547,623
Banyan Rail Holdings LLC | Series C Preferred stock	'
Stockholders Equity Note [Line Items]	'
Preferred Stock, shares outstanding	17,800
Banyan Rail Holdings LLC | Series A Preferred stock	'
Stockholders Equity Note [Line Items]	'
Preferred Stock, shares outstanding	3,000
Banyan Rail Holdings LLC | Series B Preferred stock	'
Stockholders Equity Note [Line Items]	'
Preferred Stock, shares outstanding	10,000

Income_Taxes_Additional_Inform

Income Taxes - Additional Information (Details) (USD $)	6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013
Income Tax [Line Items]	'	'
Percentage Of Valuation Allowance	100.00%	'
Income Tax Expense (Benefit)	$0	$0
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent	0.00%	0.00%
Effective Income Tax Rate Reconciliation, Change in Enacted Tax Rate, Percent	34.00%	'

Earnings_loss_per_Share_Additi

Earnings (loss) per Share - Additional Information (Details)	6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013
Convertible Preferred Stock	'	'
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]	'	'
Antidilutive securities excluded from computation of earnings per share, shares	533,097	533,097
Stock Options	'	'
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]	'	'
Antidilutive securities excluded from computation of earnings per share, shares	27,500	'

StockBased_Compensation_Stock_

Stock-Based Compensation (Stock Option Activities) (Details) (USD $)	6 Months Ended	12 Months Ended
	Jun. 30, 2014	Dec. 31, 2013	Dec. 31, 2012
Number of shares	'	'	'
Beginning Balance	45,000	45,600	'
Options granted	0	0	'
Options exercised	0	0	'
Options expired	-17,500	-600	'
Ending Balance	27,500	45,000	45,600
Weighted Average Exercise Price per Share	'	'	'
Beginning Balance	$14.75	$14.75	'
Options granted	$0	$0	'
Options exercised	$0	$0	'
Options expired	($1.83)	($0.05)	'
Ending Balance	$12.92	$14.75	$14.75
Weighted Average Fair Value at Grant Date	'	'	'
Options granted	$0	$0	'
Weighted Average Remaining Contractual Life	'	'	'
Weighted Average Remaining Contractual Life	'10 months 24 days	'10 months 24 days	'10 months 24 days
Intrinsic Value	'	'	'
Beginning Balance	$0	$0	'
Options exercised	0	0	'
Ending Balance	$0	$0	$0

StockBased_Compensation_Additi

Stock-Based Compensation - Additional Information (Details)	6 Months Ended
	Jun. 30, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'
Vesting period for certain options	'1 year
Minimum	'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'
Options exercisable period	'3 years
Maximum	'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'
Options exercisable period	'5 years

Related_Party_Transactions_Add

Related Party Transactions - Additional Information (Details) (USD $)	0 Months Ended	6 Months Ended			1 Months Ended	6 Months Ended			6 Months Ended
	Feb. 14, 2014	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jan. 21, 2014	Jun. 30, 2014	Feb. 14, 2014	Dec. 31, 2013	Jun. 30, 2014
				Board of directors, officers, and officers of subsidiary	Banyan Holdings	Banyan Holdings	Banyan Holdings	Banyan Holdings	Banyan Holdings
									Common Stock
Related Party Transaction [Line Items]	'	'	'	'	'	'	'	'	'
Ownership of related party in preferred Stock	'	'	'	37,950	'	'	'	'	'
Ownership of related party in common Stock	'	'	'	668,743	'	'	'	'	'
Ownership of related party in common stock if preferred stock is converted	'	'	'	1,110,010	'	'	'	'	'
Notes Payable, Total	'	'	'	'	'	'	'	$150,000	'
Debt Instrument, Interest Rate, Stated Percentage	'	'	'	'	'	'	'	10.00%	'
Stock Issued During Period, Shares, New Issues	'	'	'	'	16,230	'	'	'	16,500
Line of Credit Facility, Maximum Borrowing Capacity	'	'	'	'	'	'	200,000	'	'
Line of Credit Facility, Interest Rate at Period End	'	'	'	'	'	'	10.00%	'	'
Line Of Credit Facility Incentive Description	'at a ratio of 110 shares for every $1,000 drawn on the line of credit.	'	'	'	'	'	'	'	'
Proceeds from Lines of Credit	'	$0	$55,031	'	'	$150,000	'	'	'

Subsidiary_Bankruptcy_and_Sett1

Subsidiary Bankruptcy and Settlement Agreement - Additional Information (Details) (USD $)	1 Months Ended
	Sep. 26, 2013
Payments for Legal Settlements	$200,000