$BRST
Broad Street Realty, Inc.

2015 Q1 Form 10-K Financial Statement

#000114420415018397 Filed on March 25, 2015

View on sec.gov

Income Statement

Concept 2015 Q1 2014 2013 Q4
Revenue $0.00 $0.00 $0.00
YoY Change -100.0%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $130.0K $7.000M $120.0K
YoY Change 8.33% 1272.63% -75.0%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $0.00 $0.00
YoY Change -100.0% -100.0%
% of Gross Profit
Operating Expenses $130.0K $7.000M $120.0K
YoY Change 8.33% 1272.63% -76.47%
Operating Profit -$132.7K -$7.000M
YoY Change 14.67% 1283.54%
Interest Expense $0.00 $4.088M -$160.0K
YoY Change -100.0% 2418.58% 0.0%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income -$130.0K -$11.09M -$280.0K
YoY Change -23.34% 1559.2% -95.85%
Income Tax $0.00 $0.00 $0.00
% Of Pretax Income
Net Earnings -$132.7K -$11.09M -$280.0K
YoY Change -21.76% -1070.23% -95.85%
Net Earnings / Revenue
Basic Earnings Per Share
Diluted Earnings Per Share -$276.6K -$83.05M -$2.000M
COMMON SHARES
Basic Shares Outstanding 6.437M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2015 Q1 2014 2013 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $520.0K $402.4K $30.00K
YoY Change 1383.78% 200.0%
Cash & Equivalents $515.9K $402.4K $27.12K
Short-Term Investments
Other Short-Term Assets $0.00 $10.00K
YoY Change -87.5%
Inventory
Prepaid Expenses
Receivables $0.00
Other Receivables
Total Short-Term Assets $515.9K $402.4K $38.03K
YoY Change 5059.43% 1383.78% -90.56%
LONG-TERM ASSETS
Property, Plant & Equipment $0.00
YoY Change -100.0%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $0.00
YoY Change -100.0%
Total Long-Term Assets $0.00 -$2.400K $0.00
YoY Change -91.15% -100.0%
TOTAL ASSETS
Total Short-Term Assets $515.9K $402.4K $38.03K
Total Long-Term Assets $0.00 -$2.400K $0.00
Total Assets $515.9K $400.0K $38.03K
YoY Change 5059.43% -98.79%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $29.08K $33.90K $30.29K
YoY Change -50.27% 11.92% -96.92%
Accrued Expenses $2.951K $35.58K $1.623K
YoY Change 87.37% -6.52% -98.3%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $150.0K
YoY Change -100.0% -100.0% -85.98%
Long-Term Debt Due $0.00
YoY Change -100.0%
Total Short-Term Liabilities $260.1K $69.48K $600.6K
YoY Change -56.47% 1.65% -89.98%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $0.00 $0.00 $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $260.1K $69.48K $600.6K
Total Long-Term Liabilities $0.00 $0.00 $0.00
Total Liabilities $260.1K $300.0K $600.6K
YoY Change -56.64% -50.0% -89.97%
SHAREHOLDERS EQUITY
Retained Earnings -$108.7M -$97.47M
YoY Change 11.32% -1.16%
Common Stock $64.37K $10.37K
YoY Change 493.56% 48.96%
Preferred Stock
YoY Change
Treasury Stock (at cost) $70.69K $70.69K
YoY Change 0.0% 0.0%
Treasury Stock Shares 5.655K shares 5.655K shares
Shareholders Equity $255.8K $100.0K -$562.6K
YoY Change
Total Liabilities & Shareholders Equity $515.9K $400.0K $38.03K
YoY Change 3826.51% -98.79%

Cashflow Statement

Concept 2015 Q1 2014 2013 Q4
OPERATING ACTIVITIES
Net Income -$132.7K -$11.09M -$280.0K
YoY Change -21.76% -1070.23% -95.85%
Depreciation, Depletion And Amortization $0.00 $0.00
YoY Change -100.0% -100.0%
Cash From Operating Activities -$178.5K -$299.7K -$400.0K
YoY Change 136.93% -62.43% 14.29%
INVESTING ACTIVITIES
Capital Expenditures $0.00
YoY Change -100.0%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities $0.00
YoY Change -100.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $292.0K $650.0K
YoY Change 111.04%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $292.0K $675.0K 370.0K
YoY Change 484.0% -17.6% -11.9%
NET CHANGE
Cash From Operating Activities -$178.5K -$299.7K -400.0K
Cash From Investing Activities 0.000
Cash From Financing Activities $292.0K $675.0K 370.0K
Net Change In Cash $113.5K $375.3K -30.00K
YoY Change -548.43% 1655.35% 10307921510399940.0%
FREE CASH FLOW
Cash From Operating Activities -$178.5K -$299.7K -$400.0K
Capital Expenditures $0.00
Free Cash Flow -$400.0K
YoY Change 42.86%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2014 dei Entity Registrant Name
EntityRegistrantName
Banyan Rail Services Inc.
CY2014 dei Entity Central Index Key
EntityCentralIndexKey
0000764897
CY2014 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2013Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
30293 USD
CY2013Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
33311 USD
CY2013Q4 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
3123 USD
CY2014 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
CY2014 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2014Q2 dei Entity Public Float
EntityPublicFloat
4277187 USD
CY2014 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
No
CY2014 dei Entity Filer Category
EntityFilerCategory
Smaller Reporting Company
CY2013 us-gaap Net Income Loss
NetIncomeLoss
1142827 USD
CY2014 us-gaap Net Income Loss
NetIncomeLoss
-11088060 USD
CY2013 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
499501 USD
CY2014 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
400564 USD
CY2014 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P4M24D
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
0 USD
CY2014Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
0 USD
CY2014 us-gaap Use Of Estimates
UseOfEstimates
<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt"> <u><font style="FONT-SIZE: 10pt">Use of Estimates</font></u></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt">&#160;</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt">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.</font></div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
CY2013 us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
493800 USD
CY2014 us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
0 USD
CY2014Q4 us-gaap Common Stock Value
CommonStockValue
15633 USD
CY2013Q4 us-gaap Common Stock Shares Subscriptions
CommonStockSharesSubscriptions
162300 USD
CY2013Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
27124 USD
CY2014Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
402401 USD
CY2013Q4 us-gaap Assets Current
AssetsCurrent
38028 USD
CY2014Q4 us-gaap Assets Current
AssetsCurrent
402401 USD
CY2013Q4 us-gaap Assets
Assets
38028 USD
CY2014Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
33895 USD
CY2014Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
20869 USD
CY2014Q4 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
14706 USD
CY2013Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
1623 USD
CY2014Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
0 USD
CY2013Q4 us-gaap Accounts Payable Related Parties Current
AccountsPayableRelatedPartiesCurrent
150000 USD
CY2014Q4 us-gaap Accounts Payable Related Parties Current
AccountsPayableRelatedPartiesCurrent
0 USD
CY2013Q4 us-gaap Dividends Payable Current
DividendsPayableCurrent
382267 USD
CY2014Q4 us-gaap Dividends Payable Current
DividendsPayableCurrent
209267 USD
CY2013Q4 us-gaap Liabilities
Liabilities
600617 USD
CY2014Q4 us-gaap Liabilities
Liabilities
309218 USD
CY2013Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
0 USD
CY2014Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
0 USD
CY2013Q4 us-gaap Common Stock Value
CommonStockValue
10369 USD
CY2014Q4 bara Working Capital Deficiency
WorkingCapitalDeficiency
93183 USD
CY2014Q4 bara Common Shares Issuable Upon Conversion Of Convertible Stock
CommonSharesIssuableUponConversionOfConvertibleStock
442145 shares
CY2014Q4 us-gaap Common Stock Shares Subscriptions
CommonStockSharesSubscriptions
11427963 USD
CY2013Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
94252890 USD
CY2014Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
97273708 USD
CY2013Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-97465476 USD
CY2014Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-108553536 USD
CY2013Q4 us-gaap Treasury Stock Value
TreasuryStockValue
70689 USD
CY2014Q4 us-gaap Treasury Stock Value
TreasuryStockValue
70689 USD
CY2013Q4 us-gaap Stockholders Equity
StockholdersEquity
-562589 USD
CY2014Q4 us-gaap Stockholders Equity
StockholdersEquity
93183 USD
CY2013Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
38028 USD
CY2014Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
402401 USD
CY2014 bara Percentage Of Income Tax Examination Likelihood Of Tax Benefits Being Realized Upon Settlement
PercentageOfIncomeTaxExaminationLikelihoodOfTaxBenefitsBeingRealizedUponSettlement
0.5 pure
CY2014 us-gaap Preferred Stock Amount Of Preferred Dividends In Arrears
PreferredStockAmountOfPreferredDividendsInArrears
209267 USD
CY2014 bara Deferred Tax Assets Valuation Allowance Percentage
DeferredTaxAssetsValuationAllowancePercentage
1 pure
CY2012Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
0 USD
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Award Vesting Period1
ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1
P1Y
CY2013Q3 us-gaap Payments For Legal Settlements
PaymentsForLegalSettlements
200000 USD
CY2013Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2014Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2013Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
7500000 shares
CY2014Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
7500000 shares
CY2013Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
1036945 shares
CY2014Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
1563424 shares
CY2013Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
5655 shares
CY2014Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
5655 shares
CY2014 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
7000404 USD
CY2013 us-gaap Operating Income Loss
OperatingIncomeLoss
-505976 USD
CY2014 us-gaap Operating Income Loss
OperatingIncomeLoss
-7000404 USD
CY2013 us-gaap Interest Expense
InterestExpense
162300 USD
CY2014 us-gaap Interest Expense
InterestExpense
4087656 USD
CY2013 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-668276 USD
CY2014 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-11088060 USD
CY2014 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
0 USD
CY2013 us-gaap Discontinued Operation Gain Loss On Disposal Of Discontinued Operation Net Of Tax
DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax
2050233 USD
CY2013 us-gaap Preferred Stock Accretion Of Redemption Discount
PreferredStockAccretionOfRedemptionDiscount
122958 USD
CY2014 us-gaap Preferred Stock Accretion Of Redemption Discount
PreferredStockAccretionOfRedemptionDiscount
0 USD
CY2013 us-gaap Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
622459 USD
CY2013 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
505976 USD
CY2013 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
-239130 USD
CY2014 us-gaap Discontinued Operation Gain Loss On Disposal Of Discontinued Operation Net Of Tax
DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax
0 USD
CY2014 us-gaap Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
400564 USD
CY2013 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
520368 USD
CY2014 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-11488624 USD
CY2013 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
1033814 shares
CY2014 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
1335128 shares
CY2013 us-gaap Income Loss From Continuing Operations Per Basic And Diluted Share
IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
-0.65
CY2014 us-gaap Income Loss From Continuing Operations Per Basic And Diluted Share
IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
-8.30
CY2013 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic And Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare
1.76
CY2014 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic And Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare
0
CY2013 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
1.11
CY2014 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-8.30
CY2013 bara Earnings Per Share Available To Common Stockholders Basic And Diluted
EarningsPerShareAvailableToCommonStockholdersBasicAndDiluted
0.50
CY2014 bara Earnings Per Share Available To Common Stockholders Basic And Diluted
EarningsPerShareAvailableToCommonStockholdersBasicAndDiluted
-8.60
CY2013 us-gaap Depreciation
Depreciation
2445 USD
CY2014 us-gaap Depreciation
Depreciation
0 USD
CY2013 us-gaap Share Based Compensation
ShareBasedCompensation
5189 USD
CY2014 us-gaap Share Based Compensation
ShareBasedCompensation
6633175 USD
CY2013 us-gaap Interest Expense Other
InterestExpenseOther
0 USD
CY2014 us-gaap Interest Expense Other
InterestExpenseOther
4087656 USD
CY2013 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-414 USD
CY2014 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
0 USD
CY2013 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-22478 USD
CY2014 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
0 USD
CY2013 bara Increase Decrease In Prepaid Expense And Other Current Assets
IncreaseDecreaseInPrepaidExpenseAndOtherCurrentAssets
21380 USD
CY2014 bara Increase Decrease In Prepaid Expense And Other Current Assets
IncreaseDecreaseInPrepaidExpenseAndOtherCurrentAssets
-10904 USD
CY2013 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
100508 USD
CY2014 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
56602 USD
CY2013 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-797752 USD
CY2014 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-299723 USD
CY2013 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
55031 USD
CY2014 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
0 USD
CY2013 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
819131 USD
CY2014 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
675000 USD
CY2013 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
21379 USD
CY2014 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
375277 USD
CY2012Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
5745 USD
CY2013 bara Preferred Stock Dividend In Excess Of Payments
PreferredStockDividendInExcessOfPayments
354517 USD
CY2014 bara Preferred Stock Dividend In Excess Of Payments
PreferredStockDividendInExcessOfPayments
400564 USD
CY2013 us-gaap Dividends Preferred Stock Stock
DividendsPreferredStockStock
378895 USD
CY2014 us-gaap Dividends Preferred Stock Stock
DividendsPreferredStockStock
573564 USD
CY2013 bara Issuance Of Shares In Settlement Of Loans And Advances
IssuanceOfSharesInSettlementOfLoansAndAdvances
411800 USD
CY2014 bara Issuance Of Shares In Settlement Of Loans And Advances
IssuanceOfSharesInSettlementOfLoansAndAdvances
0 USD
CY2013 bara Issuance Of Shares In Settlement Of Interest
IssuanceOfSharesInSettlementOfInterest
0 USD
CY2014 bara Issuance Of Shares In Settlement Of Interest
IssuanceOfSharesInSettlementOfInterest
4249956 USD
CY2012Q4 us-gaap Stockholders Equity
StockholdersEquity
-2851099 USD
CY2013 us-gaap Adjustments To Additional Paid In Capital Convertible Debt With Conversion Feature
AdjustmentsToAdditionalPaidInCapitalConvertibleDebtWithConversionFeature
0 USD
CY2013 us-gaap Stock Issued During Period Value Other
StockIssuedDuringPeriodValueOther
1477695 USD
CY2014 us-gaap Stock Issued During Period Value Other
StockIssuedDuringPeriodValueOther
-5916742 USD
CY2013 bara Common Stock Payable
CommonStockPayable
162300 USD
CY2013 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
5189 USD
CY2014 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
6633175 USD
CY2013 us-gaap Dividends Preferred Stock
DividendsPreferredStock
499501 USD
CY2014 us-gaap Dividends Preferred Stock
DividendsPreferredStock
400564 USD
CY2014 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0 USD
CY2013Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefits
219778 USD
CY2014 us-gaap Nature Of Operations
NatureOfOperations
<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt"> <b><font style="FONT-SIZE: 10pt"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font>Note 1.&#160;&#160;Nature of Operations</font></b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt"> <font style="FONT-SIZE: 10pt">&#160;</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt">Banyan Rail Services Inc. (&#8220;Banyan,&#8221; &#8220;we,&#8221; &#8220;our&#8221; or the &#8220;Company&#8221;) 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. (&#8220;Wood Energy&#8221; or &#8220;Wood&#8221;). Wood Energy was engaged in the business of railroad tie reclamation and disposal.</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt">&#160;</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt">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.</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt">&#160;</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt">The Company is actively seeking acquisitions of leading companies within the industrial, energy, transportation, technology and health care industries throughout North America.</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt">&#160;</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt">See Note 9, Subsidiary Bankruptcy and Settlement Agreement, regarding a settlement of the corporate guarantee for certain debts.</font><font style="FONT-SIZE: 10pt">&#160;</font></div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
CY2014 us-gaap Basis Of Accounting
BasisOfAccounting
<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> <b>Note 2.&#160;&#160;Basis of Presentation</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> &#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">The accompanying consolidated financial statements give effect to all 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.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> <b>&#160;</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">Certain reclassifications have been made to the 2013 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.</div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
CY2013Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
10904 USD
CY2014Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
0 USD
CY2013 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
308000 USD
CY2014 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
650000 USD
CY2013Q4 us-gaap Due To Related Parties Current And Noncurrent
DueToRelatedPartiesCurrentAndNoncurrent
0 USD
CY2014Q4 us-gaap Due To Related Parties Current And Noncurrent
DueToRelatedPartiesCurrentAndNoncurrent
30481 USD
CY2013 us-gaap Payments For Legal Settlements
PaymentsForLegalSettlements
200000 USD
CY2014 us-gaap Payments For Legal Settlements
PaymentsForLegalSettlements
0 USD
CY2013 bara Sharebasedcompensationarrangementbysharebasedpaymentawardoptionsgrantsinperiodintrinsicvalue
Sharebasedcompensationarrangementbysharebasedpaymentawardoptionsgrantsinperiodintrinsicvalue
0 USD
CY2014 bara Sharebasedcompensationarrangementbysharebasedpaymentawardoptionsgrantsinperiodintrinsicvalue
Sharebasedcompensationarrangementbysharebasedpaymentawardoptionsgrantsinperiodintrinsicvalue
0 USD
CY2013 bara Sharebasedcompensationarrangementbysharebasedpaymentawardoptionsexpirationinperiodtotalintrinsicvalue
Sharebasedcompensationarrangementbysharebasedpaymentawardoptionsexpirationinperiodtotalintrinsicvalue
0 USD
CY2014 bara Sharebasedcompensationarrangementbysharebasedpaymentawardoptionsexpirationinperiodtotalintrinsicvalue
Sharebasedcompensationarrangementbysharebasedpaymentawardoptionsexpirationinperiodtotalintrinsicvalue
0 USD
CY2014 us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
11427963 USD
CY2014 dei Trading Symbol
TradingSymbol
BARA
CY2015Q1 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
6437309 shares
CY2014Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefits
219778 USD
CY2013Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
1680998 USD
CY2014Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
376790 USD
CY2013Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
11400 USD
CY2014Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
11400 USD
CY2014 us-gaap Income Tax Examination Likelihood Of Unfavorable Settlement
IncomeTaxExaminationLikelihoodOfUnfavorableSettlement
greater than 50 percent
CY2013 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
0 USD
CY2014 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
0 USD
CY2013 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
0 USD
CY2014 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
0 USD
CY2013 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0 USD
CY2014Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
2057540 USD
CY2013Q4 us-gaap Deferred Tax Assets Gross Noncurrent
DeferredTaxAssetsGrossNoncurrent
1900776 USD
CY2014Q4 us-gaap Deferred Tax Assets Gross Noncurrent
DeferredTaxAssetsGrossNoncurrent
2277318 USD
CY2013Q4 us-gaap Deferred Tax Assets Valuation Allowance Noncurrent
DeferredTaxAssetsValuationAllowanceNoncurrent
1900776 USD
CY2014Q4 us-gaap Deferred Tax Assets Valuation Allowance Noncurrent
DeferredTaxAssetsValuationAllowanceNoncurrent
2277318 USD
CY2013Q4 us-gaap Deferred Tax Assets Net Noncurrent
DeferredTaxAssetsNetNoncurrent
0 USD
CY2014Q4 us-gaap Deferred Tax Assets Net Noncurrent
DeferredTaxAssetsNetNoncurrent
0 USD
CY2013Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Intangible Assets
DeferredTaxLiabilitiesGoodwillAndIntangibleAssetsIntangibleAssets
0 USD
CY2014Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Intangible Assets
DeferredTaxLiabilitiesGoodwillAndIntangibleAssetsIntangibleAssets
0 USD
CY2013Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
USD
CY2014Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
USD
CY2013Q4 us-gaap Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
0 USD
CY2014Q4 us-gaap Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
0 USD
CY2013Q4 us-gaap Deferred Tax Assets Liabilities Net Noncurrent
DeferredTaxAssetsLiabilitiesNetNoncurrent
0 USD
CY2014Q4 us-gaap Deferred Tax Assets Liabilities Net Noncurrent
DeferredTaxAssetsLiabilitiesNetNoncurrent
0 USD
CY2014Q4 us-gaap Operating Loss Carryforwards
OperatingLossCarryforwards
5758131 USD
CY2013Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue
5189 USD
CY2014Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue
2619 USD
CY2013 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.34 pure
CY2014 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.34 pure
CY2013 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.01 pure
CY2014 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0 pure
CY2013 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseShareBasedCompensationCost
-0 pure
CY2014 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseShareBasedCompensationCost
0.32 pure
CY2013 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
0.46 pure
CY2014 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
0.03 pure
CY2013 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0.11 pure
CY2014 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0.01 pure
CY2013 us-gaap Effective Income Tax Rate Reconciliation Other Reconciling Items Percent
EffectiveIncomeTaxRateReconciliationOtherReconcilingItemsPercent
0 pure
CY2014 us-gaap Effective Income Tax Rate Reconciliation Other Reconciling Items Percent
EffectiveIncomeTaxRateReconciliationOtherReconcilingItemsPercent
0 pure
CY2013 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0 pure
CY2014 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0 pure
CY2012Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
11400 USD
CY2013 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
USD
CY2013 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
USD
CY2014 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
0 USD
CY2014 us-gaap Unrecognized Tax Benefits Decreases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromCurrentPeriodTaxPositions
0 USD
CY2014Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards Domestic
DeferredTaxAssetsOperatingLossCarryforwardsDomestic
5758131 USD
CY2014Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
2277318 USD
CY2014 bara Operating Loss Carry Forwards Expiration Period
OperatingLossCarryForwardsExpirationPeriod
2018 to 2034
CY2013 bara Increase And Decrease Common Stock Payable
IncreaseAndDecreaseCommonStockPayable
-162300 USD
CY2014 bara Increase And Decrease Common Stock Payable
IncreaseAndDecreaseCommonStockPayable
-25000 USD
CY2014Q3 us-gaap Convertible Preferred Stock Shares Issued Upon Conversion
ConvertiblePreferredStockSharesIssuedUponConversion
381922 shares

Files In Submission

Name View Source Status
0001144204-15-018397-index-headers.html Edgar Link pending
0001144204-15-018397-index.html Edgar Link pending
0001144204-15-018397.txt Edgar Link pending
0001144204-15-018397-xbrl.zip Edgar Link pending
bara-20141231.xml Edgar Link completed
bara-20141231.xsd Edgar Link pending
bara-20141231_cal.xml Edgar Link unprocessable
bara-20141231_def.xml Edgar Link unprocessable
bara-20141231_lab.xml Edgar Link unprocessable
bara-20141231_pre.xml Edgar Link unprocessable
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xls Edgar Link pending
Financial_Report.xlsx Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R4.htm Edgar Link pending
R5.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending
v404985_10k.htm Edgar Link pending
v404985_ex3-8.htm Edgar Link pending
v404985_ex31-1.htm Edgar Link pending
v404985_ex31-2.htm Edgar Link pending
v404985_ex32-1.htm Edgar Link pending