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13. Business Segments
 3 Months Ended
Mar. 31, 2015
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 disclosure regarding sales to major customers is located in Notes 9.

 

   

As of March 31,

2015

     As of December 31, 2014  
Properties, plants and equipment, net:            
Antimony            
United States   $ 1,921,744     $ 1,936,894  
Mexico     10,380,090       9,996,579  
Subtotal Antimony     12,301,834       11,933,473  
Zeolite     1,533,614       1,578,330  
    $ 13,835,448     $ 13,511,803  
                 

 

Total Assets:  

As of March 31,

2015

     As of December 31, 2014  
Antimony            
United States   $ 3,465,507     $ 3,045,426  
Mexico     12,824,312       11,415,198  
Subtotal Antimony     16,289,819       14,460,624  
Zeolite     1,904,443       2,084,407  
    $ 18,194,262     $ 16,545,031  
                 

 

    For the three Months Ended  
Capital expenditures:   March 31, 2015     March 31, 2014  
Antimony            
United States   $ -     $ 58,541  
Mexico     527,185       227,589  
Subtotal Antimony     527,185       286,130  
Zeolite     11,285       29,057  
   Total   $ 538,470     $ 315,187  
                 

 

Segment Operations for the   Antimony     Antimony     Antimony     Bear River        
Three Months ended March 31, 2015   USAC     Mexico     Hillgrove     Zeolite     Totals  
Total revenues   $ 2,362,621     $ -           $ 584,760     $ 2,947,381  
                                       
  Production costs     849,513       1,012,712       247,183       408,338       2,517,746  
  Depreciation and amortization     16,434       148,875       -       56,000       221,309  
  Other operating costs     483,024       73,599       -       138,281       649,904  
  Other operating income     (919,970 )     (12,248 )     -       -       (932,218 )
      Total operating expenses (income)     429,001       1,222,938       247,183       602,619       2,456,741  
                                         
Gross profit (loss)     1,933,620       (1,222,938 )     (247,183 )     (17,859 )     445,640  
                                         
Other income:     2,651       -       -       517       3,168  
Other (expense):     (6,749 )     (468 )     -       (1,563 )     (8,780 )
                                         
Income (loss) before income taxes     1,929,522       (1,223,406 )     (247,183 )     (18,905 )     440,028  
                                         
NET INCOME (LOSS)   $ 1,929,522     $ (1,223,406 )   $ (247,183 )   $ (18,905 )   $ 440,028  
                                         
Segment Operations for the   Antimony     Antimony             Bear River          
Three Months ended March 31, 2014   USAC     Mexico             Zeolite     Totals  
Total revenues   $ 2,293,865             $ -     $ 658,449     $ 2,952,314  
                                         
  Production costs     1,427,417       667,706               372,181     $ 2,467,304  
  Depreciation and amortization     16,165       116,406               54,902       187,473  
  Other operating costs     393,763       131,890               123,159       648,813  
  Other operating income     -       (5,451 )     -       -       (5,451 )
      Total operating expenses     1,837,345       910,551       -       550,242       3,298,139  
                                         
Gross profit (loss)     456,520       (910,551 )     -       108,207       (345,825 )
                                         
Other income (expense):     (12,631 )     -               285       (6,895 )
                                         
Income (loss) before income taxes     443,889       (910,551 )     -       108,492       (358,170 )
                                         
NET INCOME (LOSS)   $ 443,889     $ (910,551 )   $ -     $ 108,492     $ (358,170 )