Scarlet Cup Fungus

(Sarcoscypha dudleyi(?) or maybe S. austriaca(?) not S. coccinea as it doesn't grow in the Eastern US - Microscope is needed to differentiate between the three)
Better known as: Scarlet Elf Cup, Scarlet Elf Cap, Scarlet Cup Fungus.
Found in damp forests in early spring this is an abundant fungus that can easily be spotted due to the bright red coloring that stands out against the leaf litter.