XML 47 R22.htm IDEA: XBRL DOCUMENT

16. Business Segments

12 Months Ended

Dec. 31, 2017

Segment Reporting [Abstract]

Business Segments

The Company is currently organized and managed by four segments, which represent the three operating units: United States antimony operations, Mexican antimony operations and United States zeolite operations, and a separate segment for revenue received from the sale of precious metals recovered from the antimony process. The Company’s precious metals segment was added as a new reporting segment in 2016. The precious metals activity has been reclassified from the antimony segment for 2017 and 2016. 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. Precious metal revenues are from sales to customers in the United States and Canada.

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

Total Assets:		December 31, 2017				December 31, 2016
Antimony
United States		$	2,510,323			$	2,514,306
Mexico			12,073,219				12,682,908
Subtotal Antimony			14,583,542				15,197,214
Precious Metals			642,774				524,352
Zeolite			1,904,938				2,044,432
Total		$	17,131,254			$	17,765,998

		For the year ended				For the year ended
Capital expenditures:		December 31, 2017				December 31, 2016
Antimony
United States		$	32,961			$	1,331
Mexico			87,396				226,331
Subtotal Antimony			120,357				227,662
Precious metals			185,668				304,412
Zeolite			99,794				133,296
Total		$	405,819			$	665,370

Segment Operations for the		Antimony				Antimony				Total				Precious				Bear River
Year ended December 31, 2017		USA				Mexico				Antimony				Metals				Zeolite				Totals

Total revenues		$	7,588,470			$	-			$	7,588,470			$	374,872			$	2,266,636			$	10,229,978

Depreciation and amortization			57,761				623,899				681,660				64,499				222,729				968,888

Income (loss) from operations			1,965,573				(3,579,810	)			(1,614,237	)			310,373				344,165				(959,699	)

Income tax expense			-				-				-				-				-				-

Other income (expense)			(35,853	)			(126,149	)			(162,002	)			-				(12,693	)			(174,695	)

NET INCOME (LOSS)		$	1,929,720			$	(3,705,959	)		$	(1,776,239	)		$	310,373			$	331,472			$	(1,134,394	)

Segment Operations for the		Antimony				Antimony				Total				Precious				Bear River
Year ended December 31, 2016		USA				Mexico				Antimony				Metals				Zeolite				Totals

Total revenues		$	8,740,602			$	3,568			$	8,744,170			$	672,871			$	2,473,094			$	11,890,135

Depreciation and amortization			62,863				678,639				741,502				44,367				213,868				999,737

Income (loss) from operations			3,393,787				(5,083,832	)			(1,690,045	)			628,504				245,019				(816,522	)

Income tax expense			(13,090	)			(285,048	)			(298,138	)			-				-				(298,138	)

Other income (expense)			(34,262	)			(149,165	)			(183,427	)			-				(11,113	)			(194,540	)

NET INCOME (LOSS)		$	3,346,435			$	(5,518,045	)		$	(2,171,610	)		$	628,504			$	233,906			$	(1,309,200	)