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13. Business Segments

9 Months Ended

Sep. 30, 2017

Segment Reporting [Abstract]

Business Segments

The Company is currently organized and managed by four segments, which represent our operating units: United States antimony operations, Mexican antimony operations, precious metals recovery and United States zeolite operations.

The Madero smelter and Puerto Blanco mill at the Company’s Mexico operation brings antimony up to an intermediate stage, which is typically sold directly or shipped to the United States operation for finishing and sales at the Thompson Falls, Montana plant. The precious metals recovery plant is operated in conjunction with the antimony processing plant at Thompson Falls, Montana. 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.

Disclosure of the activity relating to our precious metals recovery requires that it be reported as a separate business segment. The prior period comparative information has been reclassified to reflect this change.

Segment disclosure regarding sales to major customers is located in Note 9.

		For the three months ended								For the nine months ended
		September 30, 2017				September 30, 2016				September 30, 2017				September 30, 2016
Capital expenditures:
Antimony
United States		$	22,241			$	-			$	22,241			$	1,040
Mexico			45,326				26,130				121,042				201,882
Subtotal Antimony			67,567				26,130				143,283				202,922
Precious Metals			24,798				85,804				84,379				247,500
Zeolite			35,856				61,284				51,803				123,075
Total		$	128,221			$	173,218			$	279,465			$	573,497

Properties, plants and equipment, net:		September 30, 2017				December 31, 2016
Antimony
United States		$	1,697,360			$	1,694,331
Mexico			11,677,840				11,984,467
Subtotal Antimony			13,375,200				13,678,798
Precious metals			588,650				544,615
Zeolite			1,374,356				1,472,553
Total		$	15,338,206			$	15,695,966

Total Assets:		September 30, 2017				December 31, 2016
Antimony
United States		$	2,543,350			$	2,495,842
Mexico			12,338,179				12,681,109
Subtotal Antimony			14,881,529				15,176,951
Precious metals			588,650				544,615
Zeolite			2,020,575				2,044,432
Total		$	17,490,754			$	17,765,998

Segment Operations for the three		Antimony				Antimony				Precious
months ended September 30, 2017		USA				Mexico				Metals				Zeolite				Totals
Total revenues		$	1,796,775			$	-			$	78,245			$	494,694			$	2,369,714
Depreciation and amortization			14,200				127,675				15,100				50,200				207,175
Income (loss) from operations			435,497				(861,683	)			63,145				135,879				(227,162	)
Other income (expense):			(11,611	)			(20,772	)			-				(3,020	)			(35,403	)
NET INCOME (LOSS)		$	423,886			$	(882,455	)		$	63,145			$	132,859			$	(262,565	)

Segment Operations for the three		Antimony				Antimony				Precious
months ended September 30, 2016		USA				Mexico				Metals				Zeolite				Totals
Total revenues		$	2,025,755			$	3,557			$	240,238			$	577,149			$	2,846,699
Depreciation and amortization			20,000				136,875				-				53,400				210,275
Income (loss) from operations			723,628				(1,421,013	)			240,238				109,163				(347,984	)
Income tax expense			-				(411,490	)			-				-				(411,490	)
Other income (expense):			(9,406	)			(24,617	)			-				(3,560	)			(37,583	)
NET INCOME (LOSS)		$	714,222			$	(1,857,120	)		$	240,238			$	105,604			$	(797,057	)

Segment Operations for the nine		Antimony				Antimony				Precious
months ended September 30, 2017		USA				Mexico				Metals				Zeolite				Totals
Total revenues		$	5,842,801			$	17,782			$	243,822			$	1,723,120			$	7,827,525
Depreciation and amortization			42,900				397,325				47,000				150,000				637,225
Income (loss) from operations			1,618,156				(2,680,293	)			196,821				358,110				(507,206	)
Other income (expense):			(34,654	)			(119,341	)			-				(9,622	)			(163,617	)
NET INCOME (LOSS)		$	1,583,502			$	(2,799,634	)		$	196,821			$	348,488			$	(670,823	)

Segment Operations for the nine		Antimony				Antimony				Precious
months ended September 30, 2016		USA				Mexico				Metals				Zeolite				Totals
Total revenues		$	6,621,732			$	3,557			$	564,581			$	1,976,758			$	9,166,628
Depreciation and amortization			60,400				431,975								160,000				652,375
Income (loss) from operations			2,582,390				(4,028,767	)			564,581				243,429				(638,367	)
Income tax expense			-				(423,490	)			-				-				(423,490	)
Other income (expense):			(23,837	)			(49,122	)			-				(7,517	)			(80,476	)
NET INCOME (LOSS)		$	2,558,553			$	(4,501,379	)		$	564,581			$	235,912			$	(1,142,333	)

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- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-URI http://asc.fasb.org/topic&trid=2134510

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