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14. Business Segments
 9 Months Ended
Sep. 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 September 30, 2015     As of December 31, 2014  
Properties, plants and equipment, net:            
Antimony            
United States   $ 1,924,547     $ 1,936,894  
Mexico     12,413,582       9,996,579  
Subtotal Antimony     14,338,129       11,933,473  
Zeolite     1,545,698       1,578,330  
    $ 15,883,827     $ 13,511,803  
                 
Total Assets:   As of september 30, 2015     As of December 31, 2014  
Antimony                
United States   $ 3,142,396     $ 3,045,426  
Mexico     14,437,951       11,415,198  
Subtotal Antimony     17,580,347       14,460,624  
Zeolite     2,129,680       2,084,407  
    $ 19,710,027     $ 16,545,031  

 

    For the three months ended     For the nine months ended  
    September 30, 2015     September 30, 2014     September 30, 2015     September 30, 2014  
Capital expenditures:                        
Antimony                        
United States   $ 31,802     $ 3,166     $ 31,802     $ 77,059  
Mexico     2,008,945       647,222       2,869,629       1,174,225  
Subtotal Antimony     2,040,747       650,388       2,901,431       1,251,284  
Zeolite     101,895       33,180       135,369       83,602  
Total   $ 2,142,642     $ 683,568     $ 3,036,800     $ 1,334,886  

 

Segment Operations for the   Antimony     Antimony     Bear River        
Three Months ended September 30, 2015   USAC     Mexico     Zeolite     Totals  
Total revenues   $ 2,891,944     $ -     $ 613,508     $ 3,505,452  
                                 
  Production costs     1,374,492       1,348,136       592,221       3,314,849  
  Depreciation and amortization     14,500       151,875       56,000       222,375  
  Other operating costs     42,699       (122,985 )     (183,614 )     (263,900 )
      Total operating expenses     1,431,691       1,377,026       464,607       3,273,324  
                                 
Gross profit (loss)     1,460,253       (1,377,026 )     148,901       232,128  
                                 
Other income (expense):     (344,279 )     (6,895 )     (16,844 )     (368,018 )
                                 
Income (loss) before income taxes     1,115,974       (1,383,921 )     132,057       (135,890 )
                                 
NET INCOME (LOSS)   $ 1,115,974     $ (1,383,921 )   $ 132,057     $ (135,890 )

 

Segment Operations for the   Antimony     Antimony     Bear River          
Three Months ended September 30, 2014   USAC     Mexico     Zeolite     Totals  
Total revenues   $ 2,495,338             $ 456,119     $ 2,951,457  
                                 
  Production costs     1,692,970       766,122       275,440       2,734,532  
  Depreciation and amortization     15,868       118,341       55,102       189,311  
  Other operating costs     150,653       44,773       102,449       297,875  
      Total operating expenses     1,859,491       929,236       432,991       3,221,718  
                                 
Gross profit (loss)     635,847       (929,236 )     23,128       (270,261 )
                                 
Other income (expense):     (251,077 )     (21,054 )     (16,937 )     (289,068 )
                                 
Income (loss) before income taxes     384,770       (950,290 )     6,191       (559,329 )
                                 
NET INCOME (LOSS)   $ 384,770     $ (950,290 )   $ 6,191     $ (559,329 )

 

Segment Operations for the   Antimony     Antimony     Bear River        
Nine Months ended September 30, 2015   USAC     Mexico     Zeolite     Totals  
Total revenues   $ 8,060,760     $ 12,248     $ 1,780,119     $ 9,853,127  
                                 
  Production costs     4,494,673       3,806,481       1,239,599       9,540,753  
  Depreciation and amortization     44,150       452,625       168,000       664,775  
  Other operating costs     338,696       -       61,498       400,194  
  Other operating income     (914,967 )     (58,139 )     -       (973,106 )
      Total operating expenses     3,962,552       4,200,967       1,469,097       9,632,616  
                                 
Gross profit (loss)     4,098,208       (4,188,719 )     311,022       220,511  
                                 
Other income (expense):     (60,340 )     (10,081 )     (43,714 )     (114,135 )
                                 
Income (loss) before income taxes     4,037,868       (4,198,800 )     267,308       106,376  
                                 
NET INCOME (LOSS)   $ 4,037,868     $ (4,198,800 )   $ 267,308     $ 106,376  

 

Segment Operations for the   Antimony     Antimony     Bear River          
Nine Months ended September 30, 2014   USAC     Mexico     Zeolite     Totals  
Total revenues   $ 6,563,452             $ 1,610,462     $ 8,173,914  
                                 
  Production costs     4,148,964       2,401,700       1,162,646       7,713,310  
  Depreciation and amortization     47,618       349,206       165,305       562,129  
  Other operating costs     208,878       95,602       55,654       360,134  
      Total operating expenses     4,405,460       2,846,508       1,383,605       8,635,573  
                                 
Gross profit (loss)     2,157,992       (2,846,508 )     226,857       (461,659 )
                                 
Other income (expense):     (779,090 )     (52,324 )     (48,701 )     (880,112 )
                                 
Income (loss) before income taxes     1,378,902       (2,898,832 )     178,156       (1,341,771 )
                                 
NET INCOME (LOSS)   $ 1,378,902     $ (2,898,832 )   $ 178,156     $ (1,341,771 )