Microglossum rufum    

The bright yellow fruitbodies are either solitary or, more often, in small clusters. The head is flattened with a shallow indendation on one face. This gives it the genus name (Microglossum = tiny tongue). The head is supported by a scurfy, cylindrical stalk. This species is widely distributed and commonly found in wet spots on the forest floor or sometimes scattered over well-rotted mossy stumps.  In the photo above you can just see a piece of a leafy liverwort at the base of the stalks and these plants also like it very wet.

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