$BRST
Broad Street Realty, Inc. Stock $brst

$brst Overview Financials Valuation SEC Filings Company Website

2012 Q2 Form 10-Q Financial Statement

#000114420412029300 Filed on May 15, 2012

Income Statement

Concept	2012 Q2	2012 Q1	2011 Q1
Revenue	$973.5K	$679.2K	$1.310M
YoY Change	-39.1%	-48.15%	3.96%
Cost Of Revenue	$764.8K	$309.2K	$983.7K
YoY Change	-35.36%	-68.57%	18.52%
Gross Profit	$208.7K	$370.0K	$326.2K
YoY Change	-49.75%	13.43%	-24.15%
Gross Profit Margin	21.44%	54.47%	24.9%
Selling, General & Admin	$180.0K	$230.0K	$440.0K
YoY Change	-64.0%	-47.73%	-8.33%
% of Gross Profit	86.24%	62.17%	134.9%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$260.0K	$142.2K	$142.7K
YoY Change	13.04%	-0.31%	29.72%
% of Gross Profit	124.58%	38.45%	43.75%
Operating Expenses	$180.0K	$230.0K	$510.0K
YoY Change	-68.42%	-54.9%	6.25%
Operating Profit	-$192.2K	-$88.41K	-$179.9K
YoY Change	26.4%	-50.85%	259.77%
Interest Expense	$106.4K	$82.06K	$74.95K
YoY Change	30.88%	9.49%	-183.27%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income	-$183.0K	-$231.0K	-$254.8K
YoY Change	-21.57%	-9.36%	131.66%
Income Tax	$78.58K	$0.00
% Of Pretax Income
Net Earnings	-$377.1K	-$170.5K	-$254.8K
YoY Change	61.65%	-33.11%	112.36%
Net Earnings / Revenue	-38.74%	-25.1%	-19.45%
Basic Earnings Per Share
Diluted Earnings Per Share	-$6.333M	-$2.833M	-$4.167M
COMMON SHARES
Basic Shares Outstanding	3.046M shares
Diluted Shares Outstanding

Balance Sheet

Concept	2012 Q2	2012 Q1	2011 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments	$20.00K	$10.00K	$10.00K
YoY Change	-86.67%	0.0%	-91.67%
Cash & Equivalents	$19.06K	$8.250K	$12.70K
Short-Term Investments
Other Short-Term Assets	$3.360M	$3.190M	$1.410M
YoY Change	125.5%	126.24%	85.53%
Inventory	$307.0K
Prepaid Expenses
Receivables	$1.056M	$822.7K	$640.0K
Other Receivables	$0.00	$0.00	$0.00
Total Short-Term Assets	$4.738M	$4.025M	$2.060M
YoY Change	126.68%	95.4%	10.75%
LONG-TERM ASSETS
Property, Plant & Equipment	$3.266M	$3.302M	$2.900M
YoY Change	7.79%	13.88%	19.83%
Goodwill	$3.658M	$3.658M
YoY Change
Intangibles	$1.261M	$1.299M
YoY Change
Long-Term Investments
YoY Change
Other Assets	$124.2K	$115.7K	$730.0K
YoY Change	-83.21%	-84.15%	55.32%
Total Long-Term Assets	$8.800M	$8.945M	$8.790M
YoY Change	-0.56%	1.76%	5.78%
TOTAL ASSETS
Total Short-Term Assets	$4.738M	$4.025M	$2.060M
Total Long-Term Assets	$8.800M	$8.945M	$8.790M
Total Assets	$13.54M	$12.97M	$10.85M
YoY Change	23.75%	19.54%	6.69%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$1.060M	$1.230M	$1.070M
YoY Change	23.26%	14.95%	-10.08%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$790.0K	$870.0K
YoY Change	-100.0%	-9.2%	128.95%
Long-Term Debt Due	$675.8K	$819.0K	$810.0K
YoY Change	-19.55%	1.12%	17.39%
Total Short-Term Liabilities	$5.090M	$5.930M	$3.970M
YoY Change	24.75%	49.36%	43.32%
LONG-TERM LIABILITIES
Long-Term Debt	$3.576M	$2.061M	$2.260M
YoY Change	52.17%	-8.8%	-12.4%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities	$3.576M	$2.061M	$2.260M
YoY Change	52.17%	-8.8%	-12.4%
TOTAL LIABILITIES
Total Short-Term Liabilities	$5.090M	$5.930M	$3.970M
Total Long-Term Liabilities	$3.576M	$2.061M	$2.260M
Total Liabilities	$8.877M	$8.231M	$6.230M
YoY Change	38.05%	32.12%	16.23%
SHAREHOLDERS EQUITY
Retained Earnings	-$90.24M	-$89.86M
YoY Change
Common Stock	$30.46K	$30.46K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)	$70.69K	$70.69K
YoY Change
Treasury Stock Shares	28.28K shares	28.28K shares
Shareholders Equity	$4.661M	$4.739M	$4.610M
YoY Change
Total Liabilities & Shareholders Equity	$13.54M	$12.97M	$10.85M
YoY Change	23.75%	19.54%	6.69%

Cashflow Statement

Concept	2012 Q2	2012 Q1	2011 Q1
OPERATING ACTIVITIES
Net Income	-$377.1K	-$170.5K	-$254.8K
YoY Change	61.65%	-33.11%	112.36%
Depreciation, Depletion And Amortization	$260.0K	$142.2K	$142.7K
YoY Change	13.04%	-0.31%	29.72%
Cash From Operating Activities	-$600.0K	-$314.4K	$239.8K
YoY Change	-385.71%	-231.13%	-699.47%
INVESTING ACTIVITIES
Capital Expenditures	-$180.0K	$635.9K	$200.3K
YoY Change	-40.0%	217.48%	-282.1%
Acquisitions
YoY Change
Other Investing Activities	$0.00	$0.00	$80.00K
YoY Change		-100.0%
Cash From Investing Activities	-$180.0K	-$635.9K	-$122.3K
YoY Change	-40.0%	419.93%	11.19%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net		$186.0K	$210.0K
YoY Change		-11.42%
Cash From Financing Activities	790.0K	$644.4K	-166.7K
YoY Change	229.17%	-486.47%	-204.21%
NET CHANGE
Cash From Operating Activities	-600.0K	-$314.4K	239.8K
Cash From Investing Activities	-180.0K	-$635.9K	-122.3K
Cash From Financing Activities	790.0K	$644.4K	-166.7K
Net Change In Cash	10.00K	-$306.0K	-49.27K
YoY Change	-93.33%	521.1%	-592.65%
FREE CASH FLOW
Cash From Operating Activities	-$600.0K	-$314.4K	$239.8K
Capital Expenditures	-$180.0K	$635.9K	$200.3K
Free Cash Flow	-$420.0K	-$950.4K	$39.48K
YoY Change	-182.35%	-2507.55%	-43.61%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2012Q2	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	3045856	shares
CY2011Q1	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	12704
CY2011Q1	us-gaap	Dividends Payable Amount DividendsPayableAmount	67000
CY2012Q1	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	115736
CY2012Q1	us-gaap	Capital Lease Obligations Noncurrent CapitalLeaseObligationsNoncurrent	240251
CY2012Q1	us-gaap	Treasury Stock Value TreasuryStockValue	70689
CY2012Q1	us-gaap	Capital Lease Obligations Current CapitalLeaseObligationsCurrent	160668
CY2012Q1	us-gaap	Liabilities Current LiabilitiesCurrent	5929714
CY2012Q1	us-gaap	Deferred Revenue Current DeferredRevenueCurrent	2637906
CY2012Q1	us-gaap	Deferred Tax Assets Net Noncurrent DeferredTaxAssetsNetNoncurrent	569582
CY2012Q1	us-gaap	Long Term Debt Noncurrent LongTermDebtNoncurrent	2061233
CY2012Q1	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-89858720
CY2012Q1	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	274451
CY2012Q1	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	822735
CY2012Q1	us-gaap	Assets Assets	12969856
CY2012Q1	us-gaap	Common Stock Value CommonStockValue	30458
CY2012Q1	us-gaap	Commitments And Contingencies CommitmentsAndContingencies
CY2012Q1	us-gaap	Lines Of Credit Current LinesOfCreditCurrent	792140
CY2012Q1	us-gaap	Dividends Payable Current DividendsPayableCurrent	291290
CY2012Q1	us-gaap	Accounts Payable And Accrued Liabilities Current AccountsPayableAndAccruedLiabilitiesCurrent	1228666
CY2012Q1	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	12969856
CY2012Q1	us-gaap	Stockholders Equity StockholdersEquity	4738658
CY2012Q1	us-gaap	Assets Current AssetsCurrent	4025167
CY2012Q1	us-gaap	Goodwill Goodwill	3658364
CY2012Q1	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	8250
CY2012Q1	us-gaap	Dividends Payable Amount DividendsPayableAmount	291290
CY2012Q1	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.01
CY2012Q1	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	92844225
CY2012Q1	us-gaap	Deferred Costs Current DeferredCostsCurrent	2919731
CY2012Q1	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	3045856	shares
CY2012Q1	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	3302376
CY2012Q1	us-gaap	Long Term Debt Current LongTermDebtCurrent	819044
CY2012Q1	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	7500000	shares
CY2012Q1	us-gaap	Liabilities Liabilities	8231198
CY2012Q1	us-gaap	Treasury Stock Shares TreasuryStockShares	28276	shares
CY2012Q1	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	1298631
CY2012Q1	bara	Total Other Assets TotalOtherAssets	5642313
CY2010Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	61969
CY2010Q4	us-gaap	Stockholders Equity StockholdersEquity	4722818
CY2011Q4	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	135026
CY2011Q4	us-gaap	Capital Lease Obligations Noncurrent CapitalLeaseObligationsNoncurrent	144967
CY2011Q4	us-gaap	Treasury Stock Value TreasuryStockValue	70689
CY2011Q4	us-gaap	Capital Lease Obligations Current CapitalLeaseObligationsCurrent	131690
CY2011Q4	us-gaap	Liabilities Current LiabilitiesCurrent	4724029
CY2011Q4	us-gaap	Deferred Revenue Current DeferredRevenueCurrent	2050163
CY2011Q4	us-gaap	Deferred Tax Assets Net Noncurrent DeferredTaxAssetsNetNoncurrent	569582
CY2011Q4	us-gaap	Long Term Debt Noncurrent LongTermDebtNoncurrent	1743339
CY2011Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-89688252
CY2011Q4	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	98664
CY2011Q4	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	448279
CY2011Q4	us-gaap	Assets Assets	11400144
CY2011Q4	us-gaap	Common Stock Value CommonStockValue	30458
CY2011Q4	us-gaap	Commitments And Contingencies CommitmentsAndContingencies
CY2011Q4	us-gaap	Assets Current AssetsCurrent	3050786
CY2011Q4	us-gaap	Goodwill Goodwill	3658364
CY2011Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	314233
CY2011Q4	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.01
CY2011Q4	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	92899056
CY2011Q4	us-gaap	Deferred Costs Current DeferredCostsCurrent	2189610
CY2011Q4	us-gaap	Lines Of Credit Current LinesOfCreditCurrent	699140
CY2011Q4	us-gaap	Dividends Payable Current DividendsPayableCurrent	216223
CY2011Q4	us-gaap	Accounts Payable And Accrued Liabilities Current AccountsPayableAndAccruedLiabilitiesCurrent	882747
CY2011Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	11400144
CY2011Q4	us-gaap	Stockholders Equity StockholdersEquity	4787809
CY2011Q4	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	3045856	shares
CY2011Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	2649764
CY2011Q4	us-gaap	Long Term Debt Current LongTermDebtCurrent	744066
CY2011Q4	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	7500000	shares
CY2011Q4	us-gaap	Liabilities Liabilities	6612335
CY2011Q4	us-gaap	Treasury Stock Shares TreasuryStockShares	28276	shares
CY2011Q4	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	1336622
CY2011Q4	bara	Total Other Assets TotalOtherAssets	5699594
CY2011	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	28153
CY2011	us-gaap	Net Income Loss NetIncomeLoss	-829050
CY2011	us-gaap	Dividends Preferred Stock DividendsPreferredStock	1141545
CY2011Q1	us-gaap	Gross Profit GrossProfit	326175
CY2011Q1	us-gaap	Repayments Of Lines Of Credit RepaymentsOfLinesOfCredit	22038
CY2011Q1	us-gaap	Proceeds From Sale Of Property Plant And Equipment ProceedsFromSaleOfPropertyPlantAndEquipment	78000
CY2011Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-122314
CY2011Q1	us-gaap	Capital Lease Obligations Incurred CapitalLeaseObligationsIncurred	23496
CY2011Q1	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	-46875
CY2011Q1	us-gaap	Revenues Revenues	1309888
CY2011Q1	us-gaap	Payments Of Dividends Preferred Stock And Preference Stock PaymentsOfDividendsPreferredStockAndPreferenceStock	105566
CY2011Q1	us-gaap	Repayments Of Long Term Capital Lease Obligations RepaymentsOfLongTermCapitalLeaseObligations	22521
CY2011Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	239789
CY2011Q1	us-gaap	Preferred Stock Dividends Income Statement Impact PreferredStockDividendsIncomeStatementImpact	67000
CY2011Q1	us-gaap	Proceeds From Issuance Or Sale Of Equity ProceedsFromIssuanceOrSaleOfEquity	193385
CY2011Q1	us-gaap	Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments	-254831
CY2011Q1	us-gaap	Share Based Compensation ShareBasedCompensation	17111
CY2011Q1	us-gaap	Depreciation Depreciation	142695
CY2011Q1	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	134182
CY2011Q1	us-gaap	Gain Loss On Sale Of Property Plant Equipment GainLossOnSaleOfPropertyPlantEquipment	9193
CY2011Q1	us-gaap	Interest Expense InterestExpense	74945
CY2011Q1	us-gaap	Preferred Stock Accretion Of Redemption Discount PreferredStockAccretionOfRedemptionDiscount	26992
CY2011Q1	us-gaap	Repayments Of Long Term Debt RepaymentsOfLongTermDebt	210000
CY2011Q1	us-gaap	Net Income Loss NetIncomeLoss	-254831
CY2011Q1	us-gaap	Cost Of Revenue CostOfRevenue	983713
CY2011Q1	us-gaap	Preferred Stock Dividends And Other Adjustments PreferredStockDividendsAndOtherAdjustments	93992
CY2011Q1	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	-348823
CY2011Q1	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	200314
CY2011Q1	us-gaap	Gains Losses On Extinguishment Of Debt GainsLossesOnExtinguishmentOfDebt
CY2011Q1	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	65633
CY2011Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	-179886
CY2011Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit
CY2011Q1	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	-49265
CY2011Q1	us-gaap	Interest Paid InterestPaid	65524
CY2011Q1	us-gaap	Increase Decrease In Deferred Revenue IncreaseDecreaseInDeferredRevenue	399985
CY2011Q1	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	506061
CY2011Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-166740
CY2011Q1	us-gaap	Amortization Of Financing Costs AmortizationOfFinancingCosts	10215
CY2011Q1	us-gaap	Profit Loss ProfitLoss	-254831
CY2011Q1	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	-0.08
CY2011Q1	us-gaap	Increase Decrease In Deferred Charges IncreaseDecreaseInDeferredCharges	311769
CY2011Q1	bara	Increase Decrease In Prepaid Expense And Other Current Assets IncreaseDecreaseInPrepaidExpenseAndOtherCurrentAssets	1114
CY2011Q1	bara	Weighted Average Number Basic Diluted Shares Outstanding WeightedAverageNumberBasicDilutedSharesOutstanding	3045856	shares
CY2011Q1	bara	Earnings Per Share Available To Common Stockholders Basic And Diluted EarningsPerShareAvailableToCommonStockholdersBasicAndDiluted	-0.11
CY2012Q1	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q1
CY2012Q1	dei	Trading Symbol TradingSymbol	BARA
CY2012Q1	dei	Entity Registrant Name EntityRegistrantName	BANYAN RAIL SERVICES INC.
CY2012Q1	dei	Amendment Flag AmendmentFlag	false
CY2012Q1	dei	Entity Filer Category EntityFilerCategory	Smaller Reporting Company
CY2012Q1	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2012
CY2012Q1	dei	Document Type DocumentType	10-Q
CY2012Q1	dei	Document Period End Date DocumentPeriodEndDate	2012-03-31
CY2012Q1	dei	Entity Central Index Key EntityCentralIndexKey	0000764897
CY2012Q1	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
CY2012Q1	us-gaap	Gross Profit GrossProfit	369968
CY2012Q1	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	1384
CY2012Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-635949
CY2012Q1	us-gaap	Capital Lease Obligations Incurred CapitalLeaseObligationsIncurred	160738
CY2012Q1	us-gaap	Proceeds From Lines Of Credit ProceedsFromLinesOfCredit	93000
CY2012Q1	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	374456
CY2012Q1	us-gaap	Revenues Revenues	679187
CY2012Q1	us-gaap	Payments Of Dividends Preferred Stock And Preference Stock PaymentsOfDividendsPreferredStockAndPreferenceStock	20000
CY2012Q1	us-gaap	Repayments Of Long Term Capital Lease Obligations RepaymentsOfLongTermCapitalLeaseObligations	36476
CY2012Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-314430
CY2012Q1	us-gaap	Preferred Stock Dividends Income Statement Impact PreferredStockDividendsIncomeStatementImpact	95067
CY2012Q1	us-gaap	Proceeds From Issuance Or Sale Of Equity ProceedsFromIssuanceOrSaleOfEquity	215000
CY2012Q1	us-gaap	Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments	-170468
CY2012Q1	us-gaap	Share Based Compensation ShareBasedCompensation	1384
CY2012Q1	us-gaap	Basis Of Accounting BasisOfAccounting	<div style="font: 10pt Times New Roman, Times, Serif"> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> <b>Note 2.  Basis of Presentation</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">  </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> We have prepared the accompanying unaudited condensed consolidated financial statements pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”) for Form 10-Q and Regulation S-X. In the opinion of management, these condensed consolidated financial statements give effect to all normal recurring adjustments necessary to present fairly the financial position and results of operations and cash flows of the Company and Wood Energy, its wholly owned subsidiary, for the periods presented.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">  </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> All significant intercompany transactions and accounts have been eliminated in consolidation.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">  </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> Although we believe that the disclosures included in our condensed consolidated financial statements are adequate to make the information presented not misleading, certain information and footnote disclosures normally included in consolidated financial statements prepared in accordance with generally accepted accounting principles have been omitted. Accordingly, the accompanying condensed consolidated financial statements should be read in conjunction with the Company’s latest annual report on Form 10-K for the year ended December 31, 2011 filed with the SEC.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">  </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> The results of operations for the three months ended March 31, 2012 are not necessarily indicative of the results to be expected for the full 2012 year.</p> </div>
CY2012Q1	us-gaap	Depreciation Depreciation	142248
CY2012Q1	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	345919
CY2012Q1	us-gaap	Gain Loss On Sale Of Property Plant Equipment GainLossOnSaleOfPropertyPlantEquipment	-1827
CY2012Q1	us-gaap	Interest Expense InterestExpense	82057
CY2012Q1	us-gaap	Preferred Stock Accretion Of Redemption Discount PreferredStockAccretionOfRedemptionDiscount	38852
CY2012Q1	us-gaap	Repayments Of Long Term Debt RepaymentsOfLongTermDebt	186015
CY2012Q1	us-gaap	Net Income Loss NetIncomeLoss	-170468
CY2012Q1	us-gaap	Cost Of Revenue CostOfRevenue	309219
CY2012Q1	us-gaap	Preferred Stock Dividends And Other Adjustments PreferredStockDividendsAndOtherAdjustments	133919
CY2012Q1	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	-304387
CY2012Q1	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	635949
CY2012Q1	us-gaap	Nature Of Operations NatureOfOperations	<div style="font: 10pt Times New Roman, Times, Serif"> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> <b>Note 1.  Nature of Operations</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">  </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> 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.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">  </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> Banyan owns 100% of the common stock of The Wood Energy Group, Inc. (“Wood Energy”). Wood Energy engages in the business of railroad tie reclamation and disposal, principally in the south and southwest.</p> </div>
CY2012Q1	us-gaap	Gains Losses On Extinguishment Of Debt GainsLossesOnExtinguishmentOfDebt
CY2012Q1	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	37991
CY2012Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	-88411
CY2012Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit
CY2012Q1	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	-305983
CY2012Q1	us-gaap	Interest Paid InterestPaid	82896
CY2012Q1	us-gaap	Increase Decrease In Deferred Revenue IncreaseDecreaseInDeferredRevenue	587743
CY2012Q1	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	458379
CY2012Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	644396
CY2012Q1	us-gaap	Amortization Of Financing Costs AmortizationOfFinancingCosts	19390
CY2012Q1	us-gaap	Dividends Preferred Stock DividendsPreferredStock	265535
CY2012Q1	us-gaap	Proceeds From Issuance Of Long Term Debt ProceedsFromIssuanceOfLongTermDebt	578887
CY2012Q1	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	100
CY2012Q1	us-gaap	Profit Loss ProfitLoss	-170468
CY2012Q1	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	-0.06
CY2012Q1	us-gaap	Increase Decrease In Deferred Charges IncreaseDecreaseInDeferredCharges	730121
CY2012Q1	bara	Increase Decrease In Prepaid Expense And Other Current Assets IncreaseDecreaseInPrepaidExpenseAndOtherCurrentAssets	175787
CY2012Q1	bara	Weighted Average Number Basic Diluted Shares Outstanding WeightedAverageNumberBasicDilutedSharesOutstanding	3045856	shares
CY2012Q1	bara	Earnings Per Share Available To Common Stockholders Basic And Diluted EarningsPerShareAvailableToCommonStockholdersBasicAndDiluted	-0.10

Files In Submission

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0001144204-12-029300-index.html	Edgar Link	pending
0001144204-12-029300.txt	Edgar Link	pending
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bara-20120331.xml	Edgar Link	completed
bara-20120331.xsd	Edgar Link	pending
bara-20120331_cal.xml	Edgar Link	unprocessable
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v312868_ex32.htm	Edgar Link	pending

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