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14. Business Segments

6 Months Ended

Jun. 30, 2019

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 produces crude oxide and crude metal that is shipped to Montana for finishing at the Thompson Falls, Montana, plant, or finished antimony metal that is sold directly to customers in the United States. 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, 2019				December 31, 2018
Antimony
United States		$	1,616,273			$	1,635,315
Mexico			11,779,305				11,660,769
Subtotal Antimony			13,395,577				13,296,084
Precious metals			594,850				615,719
Zeolite			1,263,777				1,315,369
Total		$	15,254,204			$	15,227,172

Total Assets:		June 30, 2019				December 31, 2018
Antimony
United States		$	2,171,811			$	2,199,694
Mexico			12,453,537				12,824,292
Subtotal Antimony			14,625,348				15,023,986
Precious metals			594,850				615,719
Zeolite			1,899,029				1,917,418
Total		$	17,119,227			$	17,557,123

		For the Three Months Ended								For the Six Months Ended
		June 30, 2019				June 30, 2018				June 30, 2019				June 30, 2018
Capital expenditures:
Antimony
United States		$	1,368			$	-			$	2,713			$	-
Mexico			141,797				70,892				416,703				110,977
Subtotal Antimony			143,165				70,892				419,416				110,977
Precious Metals			6,398				-				13,152				40,988
Zeolite			11,447				8,691				41,010				22,423
Total		$	161,010			$	79,583			$	473,578			$	174,388

Segment Operations for the three		Antimony				Antimony				Total				Precious
months ended June 30, 2019		USA				Mexico				Antimony				Metals				Zeolite				Totals
Total revenues		$	1,194,535			$	313,053			$	1,507,588			$	60,523			$	704,172			$	2,272,283
Depreciation and amortization		$	10,878			$	149,083			$	159,961			$	17,011			$	46,301			$	223,273
Income (loss) from operations			(56,245	)			(629,422	)			(685,667	)			43,513				181,736				(460,418	)
Other income (expense):			(4,420	)			(18,051	)			(22,471	)			-				(3,150	)			(25,621	)
NET INCOME (LOSS)		$	(60,665	)		$	(647,473	)		$	(708,138	)		$	43,513			$	178,586			$	(486,039	)

Segment Operations for the three		Antimony				Antimony				Total				Precious
months ended June 30, 2018		USA				Mexico				Antimony				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 six		Antimony				Antimony				Total				Precious
months ended June 30, 2019		USA				Mexico				Antimony				Metals				Zeolite				Totals
Total revenues		$	2,739,819			$	473,592			$	3,213,411			$	85,050			$	1,430,187			$	4,728,648
Depreciation and amortization		$	21,755			$	298,168			$	319,923			$	34,021			$	92,602			$	446,546
Income (loss) from operations			(108,341	)			(1,432,098	)			(1,540,439	)			51,029				345,225				(1,144,185	)
Other income (expense):			(5,787	)			(36,338	)			(42,125	)			-				(7,189	)			(49,314	)
NET INCOME (LOSS)		$	(114,128	)		$	(1,468,436	)		$	(1,582,564	)		$	51,029			$	338,036			$	(1,193,499	)

Segment Operations for the six		Antimony				Antimony				Total				Precious
months ended June 30, 2018		USA				Mexico				Antimony				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	)

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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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