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Bonding
12 Months Ended
Dec. 31, 2016
Bonding [Abstract]  
BONDING

NOTE 10 - BONDING

 

In connection with normal business activities of a company in the solid waste disposal industry, Meridian may be required to acquire a performance bond. As part of the Company’s December 22, 2015 acquisitions of Christian Disposal, LLC and Eagle Ridge Landfill, LLC, Meridian acquired a performance bond in the approximate amount of $7,400,000 with annual expenses of $221,000. For the year ended December 31, 2016, the Company had approximately $196,000 of expenses related to this performance bond and for the year ended December 31, 2015, the Company was not required to obtain a performance bond.