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17. Business Segments

12 Months Ended

Dec. 31, 2018

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 2018 and 2017. 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 3 and 6, respectively.

Total Assets:		December 31, 2018				December 31, 2017
Antimony
United States		$	2,199,694			$	2,510,323
Mexico			12,824,291				12,073,219
Subtotal Antimony			15,023,985				14,583,542
Precious Metals			615,719				642,774
Zeolite			1,917,419				1,904,938
Total		$	17,557,123			$	17,131,254

		For the year ended				For the year ended
Capital expenditures:		December 31, 2018				December 31, 2017
Antimony
United States		$	-			$	32,961
Mexico			803,579				87,396
Subtotal Antimony			803,579				120,357
Precious metals			40,988				185,668
Zeolite			154,552				99,794
Total		$	999,119			$	405,819

Segment Operations for the		Antimony				Antimony				Total				Precious				Bear River
Year ended December 31, 2018		USA				Mexico				Antimony				Metals				Zeolite				Totals

Total revenues		$	6,113,014			$	-			$	6,113,014			$	254,445			$	2,666,944			$	9,034,403

Depreciation and amortization			52,681				595,318				647,999				68,042				188,803				904,844

Income (loss) from operations			3,046,782				(3,148,092	)			(101,310	)			186,403				461,943				547,036

Other income (expense)			(8,051	)			13,890				5,839				-				(11,982	)			(6,143	)

Income tax benefit			-				332,332				332,332				-				-				332,332

NET INCOME (LOSS)		$	3,038,731			$	(2,801,870	)		$	236,861			$	186,403			$	449,961			$	873,225

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	)