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13. Business Segments

6 Months Ended

Jun. 30, 2018

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 may be sold directly or shipped to the United States operation for finishing 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.

Segment disclosure regarding sales to major customers is located in Note 4.

Properties, plants
and equipment, net:		June 30, 2018				December 31, 2017
Antimony
United States		$	1,661,616			$	1,687,997
Mexico			11,266,118				11,452,507
Subtotal Antimony			12,927,734				13,140,504
Precious metals			649,741				642,774
Zeolite			1,277,151				1,349,619
Total		$	14,854,626			$	15,132,897

Total Assets:		June 30, 2018				December 31, 2017
Antimony
United States		$	2,317,937			$	2,510,323
Mexico			11,950,342				12,073,219
Subtotal Antimony			14,268,279				14,583,542
Precious metals			649,741				642,774
Zeolite			1,827,447				1,904,938
Total		$	16,745,467			$	17,131,254

		For the Three Months Ended								For the Six Months Ended
		June 30, 2018				June 30, 2017				June 30, 2018				June 30, 2017
Capital expenditures:
Antimony
United States		$	-			$	-			$	-			$	-
Mexico			70,892				47,033				110,977				75,716
Subtotal Antimony			70,892				47,033				110,977				75,716
Precious Metals			-				16,582				40,988				59,582
Zeolite			8,691				8,030				22,423				15,946
Total		$	79,583			$	71,645			$	174,388			$	151,244

Segment Operations for the three months ended June 30, 2018		Antimony USA				Antimony Mexico				Total Antimony				Precious Metals				Zeolite				Totals
Total revenues		$	1,492,520			$	-			$	1,492,520			$	81,293			$	682,534			$	2,256,347
Depreciation and amortization		$	13,170			$	97,844			$	111,014			$	17,011			$	47,072			$	175,097
Income (loss) from operations			391,895				(808,575	)			(416,680	)			114,801				141,826				(160,053	)
Other income (expense):			(1,938	)			41,630				39,692				-				(2,424	)			37,268
NET INCOME (LOSS)		$	389,957			$	(766,945	)		$	(376,988	)		$	114,801			$	139,402			$	(122,785	)

Segment Operations for the three months ended June 30, 2017		Antimony USA				Antimony Mexico				Total Antimony				Precious Metals				Zeolite				Totals
Total revenues		$	2,077,300			$	-			$	2,077,300			$	144,766			$	616,414			$	2,838,480
Depreciation and amortization		$	18,700			$	145,875			$	164,575			$	-			$	49,800			$	214,375
Income (loss) from operations			844,257				(1,089,834	)			(245,577	)			144,766				132,640				31,829
Other income (expense):			(11,965	)			(33,605	)			(45,570	)			-				(3,214	)			(48,784	)
NET INCOME (LOSS)		$	832,292			$	(1,123,439	)		$	(291,147	)		$	144,766			$	129,426			$	(16,955	)

Segment Operations for the six months ended June 30, 2018		Antimony USA				Antimony Mexico				Total Antimony				Precious Metals				Zeolite				Totals
Total revenues		$	3,174,333			$	-			$	3,174,333			$	141,703			$	1,373,240			$	4,689,276
Depreciation and amortization		$	26,380			$	297,366			$	323,746			$	34,021			$	94,892			$	452,659
Income (loss) from operations			589,934				(1,551,357	)			(961,423	)			107,682				293,919				(559,822	)
Other income (expense):			(2,716	)			(29,488	)			(32,204	)			-				(5,199	)			(37,403	)
NET INCOME (LOSS)		$	587,218			$	(1,580,845	)		$	(993,627	)		$	107,682			$	288,720			$	(597,225	)

Segment Operations for the six months ended June 30, 2017		Antimony USA				Antimony Mexico				Total Antimony				Precious Metals				Zeolite				Totals
Total revenues		$	4,046,026			$	17,782			$	4,063,808			$	165,577			$	1,228,426			$	5,457,811
Depreciation and amortization		$	38,200			$	292,050			$	330,250							$	99,800			$	430,050
Income (loss) from operations			1,173,160				(1,841,012	)			(667,852	)			165,577				222,232				(280,043	)
Other income (expense):			(23,044	)			(98,569	)			(121,613	)			-				(6,602	)			(128,215	)
NET INCOME (LOSS)		$	1,150,116			$	(1,939,581	)		$	(789,465	)		$	165,577			$	215,630			$	(408,258	)

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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://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-URI http://asc.fasb.org/topic&trid=2134510

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