Red Pixie Cup, Cladonia Borealis

Taking advantage of a lull between storms, I took a trip to the Moulton Falls area on the East Fork of the Lewis River in SW Washington this afternoon. There is a very large fallen Cedar tree that is home to many lichen and I stumbled across this interesting specimen. It is only about 1/10" across and reminds me of a miniature goblet with red ornaments around the perimeter.

I suspect that the odd, but similar looking lichen to the lower left of the Red Pixie Cup is the immature form.