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14. Business Segments
 6 Months Ended
Jun. 30, 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 10.

 

   

As of

June 30, 2015

     As of December 31, 2014  
Properties, plants and equipment, net:            
Antimony            
United States   $ 1,907,244     $ 1,936,894  
Mexico     10,577,765       9,996,579  
Subtotal Antimony     12,485,009       11,933,473  
Zeolite     1,499,803       1,578,330  
    $ 13,984,812     $ 13,511,803  
                 
Total Assets:  

As of

June 30, 2015

     As of December 31, 2014  
Antimony                
United States   $ 3,475,624     $ 3,045,426  
Mexico     13,237,965       11,415,198  
Subtotal Antimony     16,713,589       14,460,624  
Zeolite     1,941,863       2,084,407  
    $ 18,655,452     $ 16,545,031  
                 
    For the Six Months Ended  
Capital expenditures:   June 30, 2015     June 30, 2014  
Antimony                
United States   $ -     $ 73,893  
Mexico     860,684       527,003  
Subtotal Antimony     860,684       600,896  
Zeolite     33,474       50,422  
   Total   $ 894,158     $ 651,318  

 

 

Segment Operations for the   Antimony     Antimony     Bear River        
Three Months ended June 30, 2015   USAC     Mexico     Zeolite     Totals  
Total revenues   $ 2,806,392     $ 12,248     $ 581,850     $ 3,400,490  
                                 
  Production costs     1,297,562       1,198,647       239,040       2,735,249  
  Depreciation and amortization     14,500       151,875       56,000       222,375  
  Other operating costs     159,790       88,251       117,135       365,176  
  Other operating income     -       (46,088 )     -       (46,088 )
      Total operating expenses     1,471,852       1,392,685       412,175       3,276,712  
                                 
Income (loss) from operations     1,334,540       (1,380,437 )     169,675       123,778  
                                 
Other income (expense):     (284,029 )     (21,992 )     (15,518 )     (321,539 )
                                 
Income (loss) before income taxes     1,050,511       (1,402,429 )     154,157       (197,761 )
                                 
NET INCOME (LOSS)   $ 1,050,511     $ (1,402,429 )   $ 154,157     $ (197,761 )
                                 
                                 
Segment Operations for the   Antimony     Antimony     Bear River          
Three Months ended June 30, 2014   USAC     Mexico     Zeolite     Totals  
Total revenues   $ 1,774,249             $ 495,894     $ 2,270,143  
                                 
  Production costs     956,644       904,029       360,560       2,221,233  
  Depreciation and amortization     15,585       116,879       55,302       187,766  
  Other operating costs     251,805       17,082       16,560       285,447  
      Total operating expenses     1,224,034       1,037,990       432,422       2,694,446  
                                 
Income (loss) from operations     550,215       (1,037,990 )     63,472       (424,303 )
                                 
Other income (expense):     31       -       -       31  
                                 
Income (loss) before income taxes     550,246       (1,037,990 )     63,472       (424,272 )
                                 
NET INCOME (LOSS)   $ 550,246     $ (1,037,990 )   $ 63,472     $ (424,272 )

 

 

Segment Operations for the   Antimony     Antimony     Bear River        
Six Months ended June 30, 2015   USAC     Mexico     Zeolite     Totals  
Total revenues   $ 5,168,816     $ 12,248     $ 1,166,611     $ 6,347,675  
                                 
  Production costs     2,147,075       2,458,345       647,378       5,252,798  
  Depreciation and amortization     29,650       300,750       112,000       442,400  
  Other operating costs     295,997       122,985       245,112       664,094  
  Other operating income     (914,967 )     (58,139 )     -       (973,106 )
      Total operating expenses     1,557,755       2,823,941       1,004,490       5,386,186  
                                 
Income (loss) from operations     3,611,061       (2,811,693 )     162,121       961,489  
                                 
Other income (expense):     (631,028 )     (61,325 )     (26,869 )     (719,222 )
                                 
Income (loss) before income taxes     2,980,033       (2,873,018 )     135,252       242,267  
                                 
NET INCOME (LOSS)   $ 2,980,033     $ (2,873,018 )   $ 135,252     $ 242,267  
                                 
                                 
Segment Operations for the   Antimony     Antimony     Bear River          
Six Months ended June 30, 2014   USAC     Mexico     Zeolite     Totals  
Total revenues   $ 4,068,114     $ -     $ 1,154,343     $ 5,222,457  
                                 
  Production costs     2,514,217       1,683,987       840,410       5,038,614  
  Depreciation and amortization     31,750       230,865       110,204       372,819  
  Other operating costs     529,626       39,140       32,939       601,705  
      Total operating expenses     3,075,593       1,953,992       983,553       6,013,138  
                                 
Income (loss) from operations     992,521       (1,953,992 )     170,790       (790,681 )
                                 
Other income (expense):     1,614       5,450       1,175       8,239  
                                 
Income (loss) before income taxes     994,135       (1,948,542 )     171,965       (782,442 )
                                 
NET INCOME (LOSS)   $ 994,135     $ (1,948,542 )   $ 171,965     $ (782,442 )