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RELATED PARTIES
12 Months Ended
Dec. 31, 2015
Related Party Transactions [Abstract]  
RELATED PARTIES
RELATED PARTIES
The Company entered into a consulting agreement (with a one year term agreement from October 3, 2014 to October 2, 2015) with its director, Timothy C. Harvey, pursuant to which Mr. Harvey agreed to provide consulting services to the Company in connection with overseeing the Company’s trading and selling of finished products and assisting the Company with finding the best markets for products from the Company’s facilities. In consideration for agreeing to provide services under the agreement, the Company agreed to pay Mr. Harvey $10,000 per month, and to grant him an option to purchase up to 75,000 shares of the Company's common stock at an exercise price of $6.615 per share, the mean between the highest and lowest quoted selling prices of the Company's common stock on October 2, 2014 (the day immediately preceding the approval by the Board of Directors of the agreement), which vest at the rate of 1/4th of such options per year, subject to Mr. Harvey’s continued consulting, employment or service as a director of the Company, which options were granted under the Company's 2013 Stock Incentive Plan. During 2014 and 2015, Mr. Harvey was paid $40,000 and $32,000, respectively, under this agreement.
On August 6, 2015, the Company acquired a collection route in the state of Louisiana. The President, Chief Executive Officer and Owner of which is Dan Cowart, the brother of our Chief Executive Officer and largest stockholder, Benjamin P. Cowart, see Note 18 on acquisitions.