Broad Street Realty (BRST) 10-Q 14 Nov 16 2016 Q3 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	9 Months Ended
	Sep. 30, 2016	Oct. 30, 2016
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Sep. 30, 2016
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q3
Entity Registrant Name	Banyan Rail Services Inc.
Entity Central Index Key	764,897
Current Fiscal Year End Date	--12-31
Entity Filer Category	Smaller Reporting Company
Trading Symbol	BARA
Entity Common Stock, Shares Outstanding		10,567,235

Condensed Balance Sheets

Condensed Balance Sheets - USD ($)	Sep. 30, 2016	Dec. 31, 2015
Current assets
Cash	$ 60,009	$ 327,382
Property deposits	100,000	0
Prepaid insurance	3,440	8,752
Total current assets	163,449	336,134
Total assets	163,449	336,134
Current liabilities
Accounts payable	49,996	42,304
Accrued payroll	11,748	4,855
Accrued professional fees	25,227	6,982
Accrued interest	3,603	0
Note payable related party	275,000	0
Accrued dividends	303,087	254,517
Total current liabilities	668,661	308,658
Total liabilities	668,661	308,658
Commitments and contingencies
Stockholders' (deficit) equity
Series A Preferred stock, $0.01 par value. 20,000 shares authorized and 10,375 issued, as of September 30, 2016 and December 31, 2015, respectively.	104	104
Common stock, $0.01 par value. 50,000,000 shares authorized. 10,567,235 and 10,317,379 issued as of September 30, 2016 and December 31, 2015, respectively	105,672	103,174
Additional paid-in capital	109,766,832	109,652,901
Accumulated deficit	(110,307,131)	(109,658,014)
Treasury stock, at cost, for 5,655 shares	(70,689)	(70,689)
Total stockholders' (deficit) equity	(505,212)	27,476
Total liabilities and stockholders' (deficit) equity	$ 163,449	$ 336,134

Condensed Balance Sheets (Paren

Condensed Balance Sheets (Parenthetical) - $ / shares	Sep. 30, 2016	Dec. 31, 2015
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized	50,000,000	50,000,000
Common stock, issued	10,567,235	10,317,379
Treasury Stock, Shares	5,655	5,655
Series A Preferred stock
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized	20,000	20,000
Preferred stock, shares issued	10,375	10,375

Condensed Statements of Operati

Condensed Statements of Operations - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
General & administrative expenses	$ 337,781	$ 675,008	$ 645,514	$ 965,489
Loss from operations	(337,781)	(675,008)	(645,514)	(965,489)
Interest expense	(3,603)	0	(3,603)	0
Net loss	(341,384)	(675,008)	(649,117)	(965,489)
Dividends for the benefit of preferred stockholders:
Preferred stock dividends	(25,945)	(25,945)	(77,820)	(77,820)
Total dividends for the benefit of preferred stockholders	(25,945)	(25,945)	(77,820)	(77,820)
Net loss attributable to common stockholders	$ (367,329)	$ (700,953)	$ (726,937)	$ (1,043,309)
Weighted average number of common shares outstanding:
Basic and diluted (in shares)	10,476,365	9,755,352	10,371,930	7,460,497
Net loss per common share from continuing operations, basic and diluted (in dollars per share)	$ (0.03)	$ (0.07)	$ (0.06)	$ (0.13)
Net loss per common share, basic and diluted (in dollars per share)	(0.03)	(0.07)	(0.06)	(0.13)
Net loss attributable to common shareholders per share (in dollars per share)	$ (0.04)	$ (0.07)	$ (0.07)	$ (0.14)

Condensed Statements of Cash Fl

Condensed Statements of Cash Flows - USD ($)	9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015
Cash flows from operating activities:
Net loss	$ (649,117)	$ (965,489)
Adjustments to reconcile net loss to net cash used in operating activities:
Stock compensation expense	165,000	555,520
Changes in assets and liabilities:
Increase in property deposits	(100,000)	0
Decrease in prepaid expenses	5,312	(8,011)
Increase (decrease) in accounts payable and accrued expenses	36,432	(41,029)
Net cash used in operating activities	(542,373)	(459,009)
Cash flows from financing activities:
Proceeds from sale of common stock	0	515,000
Proceeds on note payable - related party	275,000	0
Net cash from financing activities	275,000	515,000
Net (decrease) increase in cash	(267,373)	55,991
Cash, beginning of period	327,382	402,401
Cash, end of period	60,009	458,392
Non cash financing activities:
Preferred stock dividends	77,820	77,820
Issuance of common shares in lieu of cash dividends payable	29,249	58,500
Issuance of shares in settlement of loans and advances payable	$ 0	$ 11,427,963

Statements of Stockholders' (De

Statements of Stockholders' (Deficit) Equity - USD ($)	Total	Common Stock	Common Stock Payable	Preferred Stock	Additional Paid in Capital	Accumulated Deficit	Treasury Stock
Stockholders’ equity at Dec. 31, 2014	$ 93,183	$ 15,633	$ 11,427,963	$ 104	$ 97,273,708	$ (108,553,536)	$ (70,689)
Stockholders’ equity (in shares) at Dec. 31, 2014		1,563,424		10,375			5,655
Issuance of common stock	587,001	$ 78,581	(11,427,963)		11,936,383
Issuance of common stock (in shares)		7,857,955
Stock compensation expense	555,520	$ 8,960			546,560
Stock compensation expense (in shares)		896,000
Net loss	(1,104,478)					(1,104,478)
Preferred stock dividends	(103,750)				(103,750)
Stockholders’ equity at Dec. 31, 2015	27,476	$ 103,174	0	$ 104	109,652,901	(109,658,014)	$ (70,689)
Stockholders’ equity (in shares) at Dec. 31, 2015		10,317,379		10,375			5,655
Issuance of common stock	29,249	$ 298			28,951
Issuance of common stock (in shares)		29,856
Stock compensation expense	165,000	$ 2,200			162,800
Stock compensation expense (in shares)		220,000
Net loss	(649,117)					(649,117)
Preferred stock dividends	(77,820)				(77,820)
Stockholders’ equity at Sep. 30, 2016	$ (505,212)	$ 105,672	$ 0	$ 104	$ 109,766,832	$ (110,307,131)	$ (70,689)
Stockholders’ equity (in shares) at Sep. 30, 2016		10,567,235		10,375			5,655

Nature of Operations

Nature of Operations	9 Months Ended
	Sep. 30, 2016
Organization, Consolidation and Presentation Of Financial Statements [Abstract]
Nature of Operations	Note 1. Nature of Operations Banyan Rail Services, Inc. (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. From 2009 to 2012, the Company operated and experienced severe losses from an operating subsidiary in the rail services sector and is now a shell company. The Company is actively seeking acquisitions of leading companies within the transportation and medical office real estate industries throughout North America. Liquidity and Going Concern (See Note 4) The Company’s ability to continue on a going-concern basis is dependent upon, among other things, raising capital and finding an operating business to acquire, and other factors, many of which are beyond our control.

Basis of Presentation

Basis of Presentation	9 Months Ended
	Sep. 30, 2016
Organization, Consolidation and Presentation Of Financial Statements [Abstract]
Basis of Presentation	Note 2. Basis of Presentation The unaudited condensed financial statements and notes included in this Quarterly Report on Form 10-Q should be read in conjunction with the financial statements and notes thereto in the Company’s Annual Report on Form 10-K for the year ended December 31, 2015. The interim condensed consolidated financial information herein is unaudited. The information reflects all adjustments which are, in the opinion of management, necessary for a fair presentation of the financial position and results of operations for the periods included in this report.

Summary of Significant Accounti

Summary of Significant Accounting Policies	9 Months Ended
	Sep. 30, 2016
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. Cash The Company considers all cash, bank deposits and highly liquid investments with an original maturity of three months or less to be cash. From time to time our cash deposits exceed federally insured limits. Fair Value of Financial Instruments Recorded financial instruments as of September 30, 2016, consist of cash, prepaid expenses, accounts payable, accrued liabilitiesand 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. (Loss) Per Common Share The Company computes net loss per common share in accordance with the provision included in ASC 260, Earnings per Share 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 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. Recent Accounting Pronouncements During 2016, the Financial Accounting Standards Board (the “FASB”) has issued Accounting Standards Updates (“ASUs”) 2016-01 through 2016-17. Except for ASU 2016-02, 2016-09, and 2016-15, which are discussed below, these ASUs provide technical corrections or simplification to existing guidance and to specialized industries or entities and therefore have minimal, if any, impact on the Company. In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842). This ASU requires lessees to recognize most leases on the balance sheet. The provisions of this ASU are effective for annual periods beginning after December 15, 2018, and interim periods within those years, with early adoption permitted. The Company is evaluating the requirements of this ASU and has not yet determined the impact of the adoption on the Company’s financial position or results of operations. In March 2016, the FASB issued ASU 2016-09, Compensation–Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting. The objective of this ASU is to simplify several aspects of the accounting for share-based payment transactions, including the income tax consequences, classification of awards as either equity or liabilities and classification on the statement of cash flows. This ASU is effective for fiscal years beginning after December 15, 2016, and interim periods within those fiscal years. Early adoption is permitted for any entity in any interim or annual period. The will not have a material impact on the Company’s condensed financial statements. In August 2016, the FASB issued ASU 2016-15, Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments. This ASU addresses how certain cash receipts and cash payments are presented and classified in the statement of cash flows under Topic 230, Statement of Cash Flows, and other Topics. This ASU is effective for annual reporting periods, and interim periods therein, beginning after December 15, 2017, with early adoption permitted. The implementation of this ASU is not expected to have a material impact on the Company’s financial statements.

Liquidity and Going Concern

Liquidity and Going Concern	9 Months Ended
	Sep. 30, 2016
Liquidity And Going Concern Abstract [Abstract]
Liquidity and Going Concern	Note 4. Liquidity and Going Concern At and for the period ended September 30, 2016, the Company had a net working capital deficit of $ 505,212 542,373

Preferred Stock and Common Stoc

Preferred Stock and Common Stock	9 Months Ended
	Sep. 30, 2016
Equity [Abstract]
Preferred Stock and Common Stock	Note 5. Preferred Stock and Common Stock Preferred stock dividends for Series A Preferred stock have been recorded for the three and nine months ended September 30, 2016, in the amount of $ 25,945 77,820 29,856 29,249 On August 8, 2016, the Company issued an aggregate of 220,000 As of September 30, 2016, Banyan Rail Holdings LLC (“Banyan Holdings”) and Marino Family Holdings LLC owned 2,726,114 3,057,778

Income Taxes

Income Taxes	9 Months Ended
	Sep. 30, 2016
Income Tax Disclosure [Abstract]
Income Taxes	Note 6. Income Taxes For the three and nine months ended September 30, 2016 and 2015, the Company recorded an income tax provision of $ 0 0 34 100

(Loss) per Share

(Loss) per Share	9 Months Ended
	Sep. 30, 2016
Earnings Per Share [Abstract]
Earnings (loss) per Share	Note 7. (Loss) per Share The Company excluded from the diluted earnings per share calculation 103,750 5,000

Stock-Based Compensation

Stock-Based Compensation	9 Months Ended
	Sep. 30, 2016
Disclosure Of Compensation Related Costs, Share-Based Payments [Abstract]
Stock-Based Compensation	Note 8. Stock-Based Compensation 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, 2015 27,500 $ 12.92 $ 0 0.1 years - Options granted - - - - Options exercised - - - - Options expired (22,500) $ (2.62) - - Balance, January 1, 2016 5,000 $ 10.30 $ 0 0.1 years $ - Options granted - - - - Options exercised - - - - Options expired (5,000) (10.30) - - Balance, September 30, 2016 - $ - - $ - 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	9 Months Ended
	Sep. 30, 2016
Related Party Transactions [Abstract]
Related Party Transactions	Note 9. Related Party Transactions On June 1, 2015, the Company entered into a month-to-month office lease and administrative support agreement (the “Agreement”) with Boca Equity Partners LLC (“BEP”). The Agreement is effective as of January 1, 2015. The Agreement provides for the Company’s use of a portion of BEP’s offices and certain overhead items at the BEP offices such as space, utilities and other administrative services for $ 4,750 Also on June 1, 2015, the Company entered into a support agreement (the “Support Agreement”) with BEP. The Support Agreement is effective as of January 1, 2015, and provides for corporate support services. The Support Agreement is for a month-to-month term and will terminate upon the Company’s payment of a success fee, should the Company acquire more than 50% of the assets or capital stock of any company 2 Gary O. Marino, the Company’s chairman of the board, is the chairman, president, and chief executive officer of BEP. Gary O. Marino and directors Donald S. Denbo and Paul S. Dennis also hold membership interests in BEP. On July 27, 2016, the Company entered into a Demand Note and Loan Agreement (the “Note”) with BEP 250,000 10 250,000 25,000 275,000 The Company’s directors are currently not receiving cash compensation for their services but were compensated through the issuance of common shares, see Note 5. Preferred Stock and Common Stock. The Company’s board of directors and officers directly or beneficially own 7,092,375

Recent Events

Recent Events	9 Months Ended
	Sep. 30, 2016
Subsequent Events [Abstract]
Subsequent Events	Note 10. Recent Events On August 8, 2016, Banyan Surprise Plaza LLC, an Arizona limited liability company and a wholly-owned subsidiary of the Company, and RKWEM, LLC, an Arizona limited liability company (“RKWEM”), executed a purchase and sale agreement for the purchase of RKWEM’s land, buildings, structures, improvements, intangible property, service contracts, and leases, located at 13995 West Statler Blvd., Surprise, Arizona, commonly known as Surprise Medical Plaza, for $ 8,700,000 100,000 On September 29, 2016, the previously announced purchase and sale agreement (the “Agreement”), dated August 8, 2016, between Banyan Third Street LLC, a wholly-owned subsidiary of the Company (“Banyan Third Street”), and Signal Healthcare, LLC (“Signal Healthcare”), for the purchase of Signal Healthcare’s land, buildings, structures, improvements, intangible property, service contracts, and leases, located at 2620 North 3rd Street, Phoenix, Arizona, commonly known as Third Street Healthcare Campus, was terminated by Banyan Third Street. Banyan Third Street terminated the Agreement in accordance with its right to terminate pursuant to 7(b) of the agreement concerning the inspection period.

Summary of Significant Accoun17

Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2016
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.
Cash Equivalents	Cash The Company considers all cash, bank deposits and highly liquid investments with an original maturity of three months or less 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 September 30, 2016, consist of cash, prepaid expenses, accounts payable, accrued liabilitiesand 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	(Loss) Per Common Share The Company computes net loss per common share in accordance with the provision included in ASC 260, Earnings per Share
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
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.
New Accounting Pronouncements	Recent Accounting Pronouncements During 2016, the Financial Accounting Standards Board (the “FASB”) has issued Accounting Standards Updates (“ASUs”) 2016-01 through 2016-17. Except for ASU 2016-02, 2016-09, and 2016-15, which are discussed below, these ASUs provide technical corrections or simplification to existing guidance and to specialized industries or entities and therefore have minimal, if any, impact on the Company. In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842). This ASU requires lessees to recognize most leases on the balance sheet. The provisions of this ASU are effective for annual periods beginning after December 15, 2018, and interim periods within those years, with early adoption permitted. The Company is evaluating the requirements of this ASU and has not yet determined the impact of the adoption on the Company’s financial position or results of operations. In March 2016, the FASB issued ASU 2016-09, Compensation–Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting. The objective of this ASU is to simplify several aspects of the accounting for share-based payment transactions, including the income tax consequences, classification of awards as either equity or liabilities and classification on the statement of cash flows. This ASU is effective for fiscal years beginning after December 15, 2016, and interim periods within those fiscal years. Early adoption is permitted for any entity in any interim or annual period. The will not have a material impact on the Company’s condensed financial statements. In August 2016, the FASB issued ASU 2016-15, Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments. This ASU addresses how certain cash receipts and cash payments are presented and classified in the statement of cash flows under Topic 230, Statement of Cash Flows, and other Topics. This ASU is effective for annual reporting periods, and interim periods therein, beginning after December 15, 2017, with early adoption permitted. The implementation of this ASU is not expected to have a material impact on the Company’s financial statements.

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	9 Months Ended
	Sep. 30, 2016
Disclosure Of Compensation Related Costs, Share-Based Payments [Abstract]
Stock Option Activities	The Company previously had stock option agreements with its directors and officers for serving on the Company’s Board of Directors and as officers. 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, 2015 27,500 $ 12.92 $ 0 0.1 years - Options granted - - - - Options exercised - - - - Options expired (22,500) $ (2.62) - - Balance, January 1, 2016 5,000 $ 10.30 $ 0 0.1 years $ - Options granted - - - - Options exercised - - - - Options expired (5,000) (10.30) - - Balance, September 30, 2016 - $ - - $ -

Summary of Significant Accoun19

Summary of Significant Accounting Policies - Additional Information (Details)	9 Months Ended
	Sep. 30, 2016
Significant Accounting Policies [Line Items]
Percentage Of Income Tax Examination Likelihood Of Tax Benefits Being Realized Upon Settlement	50.00%

Liquidity and Going Concern - A

Liquidity and Going Concern - Additional Information (Details) - USD ($)	9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015
Working Capital	$ 505,212
Net Cash Provided by (Used in) Operating Activities, Continuing Operations	$ (542,373)	$ (459,009)

Preferred Stock and Common St21

Preferred Stock and Common Stock - Additional Information (Details) - USD ($)	3 Months Ended	9 Months Ended		12 Months Ended
	Sep. 30, 2016	Sep. 30, 2016	Sep. 30, 2015	Dec. 31, 2015
Stockholders Equity Note [Line Items]
Dividends, Common Stock		$ 29,249
Common Stock Dividends, Shares		29,856
Preferred Stock, Amount of Preferred Dividends in Arrears	$ 25,945	$ 77,820
Share Based Compensation		$ 165,000	$ 555,520
Common Stock [Member]
Stockholders Equity Note [Line Items]
Share Price	$ 0.25	$ 0.25
Stock Issued During Period, Shares, Share-based Compensation, Gross		220,000		896,000
Shares Issued, Price Per Share	$ 0.75	$ 0.75
Banyan Rail Holdings LLC [Member]
Stockholders Equity Note [Line Items]
Common Stock Held By Subsidiary Shares	2,726,114	2,726,114
Marino Family Holdings LLC [Member]
Stockholders Equity Note [Line Items]
Common Stock Held By Subsidiary Shares	3,057,778	3,057,778

Income Taxes - Additional Infor

Income Taxes - Additional Information (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Income Tax [Line Items]
Income Tax Expense (Benefit)	$ 0	$ 0	$ 0	$ 0
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent	0.00%	0.00%	0.00%	0.00%
Effective Income Tax Rate Reconciliation, Change in Enacted Tax Rate, Percent			34.00%
Percentage Of Valuation Allowance			100.00%

(Loss) per Share - Additional I

(Loss) per Share - Additional Information (Details) - shares	9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share, shares	103,750	103,750
Stock Options
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share, shares		5,000

Stock-Based Compensation (Stock

Stock-Based Compensation (Stock Option Activities) (Details) - USD ($)	9 Months Ended	12 Months Ended
	Sep. 30, 2016	Dec. 31, 2015	Dec. 31, 2014
Number of shares
Beginning Balance	5,000	27,500
Options granted	0	0
Options exercised	0	0
Options expired	(5,000)	(22,500)
Ending Balance	0	5,000	27,500
Weighted Average Exercise Price per Share
Beginning Balance	$ 10.30	$ 12.92
Options granted	0	0
Options exercised	0	0
Options expired	(10.30)	(2.62)
Ending Balance	$ 0	10.30	$ 12.92
Weighted Average Fair Value at Grant Date
Options granted		$ 0	$ 0
Weighted Average Remaining Contractual Life
Weighted Average Remaining Contractual Life	0 years	1 month 6 days	1 month 6 days
Intrinsic Value
Balance	$ 0	$ 0	$ 0
Options granted	0	0
Options exercised	0	0
Options expired	$ 0	$ 0

Related Party Transactions - Ad

Related Party Transactions - Additional Information (Details) - USD ($)	1 Months Ended	9 Months Ended
	Jul. 27, 2016	Sep. 30, 2016	Dec. 31, 2015
Related Party Transaction [Line Items]
Line of Credit, Current		$ 250,000
Notes Payable, Related Parties, Current		$ 275,000	$ 0
Patriot Rail Corp.
Related Party Transaction [Line Items]
Ownership of related party in common Stock		7,092,375
Boca Equity Partners LLC [Member]
Related Party Transaction [Line Items]
Monthly Lease And Rental Expense		$ 4,750
Support Agreement Description		The Support Agreement is for a month-to-month term and will terminate upon the Companys payment of a success fee, should the Company acquire more than 50% of the assets or capital stock of any company
Business Acquisition, Fee Percentage		2.00%
Proceeds from Lines of Credit		$ 25,000
Line of Credit Facility, Maximum Borrowing Capacity	$ 250,000
Line of Credit Facility, Interest Rate During Period	10.00%

Recent Events - Additional Info

Recent Events - Additional Information (Details) - USD ($)	Sep. 30, 2016	Aug. 08, 2016
Subsequent Event [Line Items]
Customer Advances and Deposits, Current	$ 100,000
RK-WEM, LLC, [Member]
Subsequent Event [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment, Total		$ 8,700,000