Vieux/old specimen.
Picture is meant to be the flying insect resting on the polybore.
Probably on Fraxinus bark small black hyphomycete.
Growing on Pinus rigidus, mixed with a crust fungus called Botryobasidium. Pine Barrens. Cheiroconidia 17.2 x 4.4 um. Some cheiroconidia are simple and some are two branched with up to five cells.