Mycena acicula

Mycena acicula, commonly known as the orange bonnet, or the coral spring Mycena, is a species of fungus in the family Mycenaceae. The mushrooms have small orange-red caps, up to 1 cm (0.4 in) in diameter, held by slender yellowish stems up to 6 cm (2.4 in) long. The gills are pale yellow with a whitish edge. Several other Mycena species look similar, but may be distinguished by differences in size and/or microscopic characteristics. The fungus grows on dead twigs and other woody debris of forest floors, especially along streams and other wet places. It is found in Eurasia, North America, and the Caribbean. It considered inedible because of its small size....read more on Wikipedia.