9. BONDING

6 Months Ended

Jun. 30, 2016

Bonding

9. 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 six months ended June 30, 2016, the Company had approximately $85,000 of expenses related to this performance bond and for the six months ended June 30, 2015, the Company was not required to obtain a performance bond.