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16. Business Segments
 12 Months Ended
Dec. 31, 2013
Segment Reporting [Abstract]  
Business Segments

The Company is currently organized and managed by three segments, which represent our operating units: United States antimony operations, Mexican antimony operations and United States zeolite operations.  The Company’s Other operating costs include, general and administrative expenses, freight and delivery, and other non-production related costs. Other income and expense consists primarily of interest income and expense and factoring expense.

 

The Madero smelter and Puerto Blanco mill at the Company’s Mexico operation brings antimony up to an intermediate stage, which is then shipped to the United States operation for finishing and sales at the Thompson Falls, Montana plant. The Zeolite operation produces Zeolite near Preston, Idaho. Almost all of the sales of products from the United States antimony and Zeolite operations are to customers in the United States.

 

Segment disclosures regarding sales to major customers and for property, plant, and equipment are located in Notes 2 and 6, respectively.

 

          For the year ended        
Capital expenditures:   December 31, 2013     December 31, 2012     December 31, 2011  
Antimony                  
United States   $ 100,158     $ 288,364     $ 160,536  
Mexico     3,299,027       3,318,552       1,988,345  
Subtotal Antimony     3,399,185       3,606,916       2,148,881  
Zeolite     176,223       328,045       324,869  
   Total   $ 3,575,408     $ 3,934,961     $ 2,473,750  

  

             
Total Assets:   As of December 31, 2013     As of December 31, 2012  
Antimony            
United States   $ 3,017,768     $ 3,712,008  
Mexico     9,668,998       7,328,339  
Subtotal Antimony     12,686,766       11,040,347  
Zeolite     2,204,225       2,335,130  
   Total   $ 14,890,991     $ 13,375,477  
                 

 

Segment Operations for the   Antimony     Antimony     Bear River        
Year ended December 31, 2013   USAC     Mexico     Zeolite     Totals  
Total revenues   $ 8,786,415     $ 32,000     $ 2,202,414     $ 11,020,829  
                                 
  Production costs     4,592,019       2,662,780       1,096,731       8,351,530  
  Depreciation and amortization     61,574       386,462       218,356       666,392  
  Other operating costs     1,699,846       1,171,234       469,998       3,341,078  
      Total operating expenses     6,353,439       4,220,476       1,785,085       12,359,000  
                                 
Income (loss) from operations     2,432,976       (4,188,476 )     417,329       (1,338,171 )
                                 
Other income (expense):     (61,937 )     (1,735 )     (9,876 )     (73,548 )
                                 
Income (loss) before income taxes     2,371,039       (4,190,211 )     407,453       (1,411,719 )
                                 
Deferred income tax provision     (229,451 )     -       -       (229,451 )
                                 
NET INCOME (LOSS)   $ 2,141,588     $ (4,190,211 )   $ 407,453     $ (1,641,170 )
                                 

 

Segment Operations for the   Antimony     Antimony     Bear River        
Year ended December 31, 2012   USAC     Mexico     Zeolite     Totals  
Total revenues   $ 9,398,003     $ 3,000     $ 2,641,699     $ 12,042,702  
                                 
  Production costs     5,665,806       1,880,499       1,618,816       9,165,121  
  Depreciation and amortization     40,979       222,235       209,776       472,990  
  Other operating costs     1,852,289       382,713       488,276       2,723,278  
      Total operating expenses     7,559,074       2,485,447       2,316,868       12,361,389  
                                 
Income (loss) from operations     1,838,929       (2,482,447 )     324,831       (318,687 )
                                 
Other income (expense):     (61,321 )     (30 )     (11,391 )     (72,742 )
                                 
Income (loss) before income taxes     1,777,608       (2,482,477 )     313,440       (391,429 )
                                 
Deferred income tax provision     (167,107 )     -       -       (167,107 )
                                 
NET INCOME (LOSS)   $ 1,610,501     $ (2,482,477 )   $ 313,440     $ (558,536 )
                                 
                                 
Segment Operations for the   Antimony     Antimony     Bear River          
Year ended December 31, 2011   USAC     Mexico     Zeolite     Totals  
Total revenues   $ 11,074,449     $ -     $ 2,043,641     $ 13,118,090  
                                 
  Production costs     7,294,421       1,031,957       1,221,101       9,547,479  
  Depreciation and amortization     29,963       169,552       206,231       405,746  
  Other operating costs     1,358,575       430,601       484,158       2,273,334  
      Total operating expenses     8,682,959       1,632,110       1,911,490       12,226,559  
                                 
Income (loss) from operations     2,391,490       (1,632,110 )     132,151       891,531  
                                 
Other income (expense):     (135,035 )     -       (13,966 )     (149,001 )
                                 
Income (loss) before income taxes     2,256,455       (1,632,110 )     118,185       742,530  
                                 
Deferred income tax provision     (105,610 )     -       -       (105,610 )
                                 
NET INCOME (LOSS)   $ 2,150,845     $ (1,632,110 )   $ 118,185     $ 636,920