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14. Business Segments

9 Months Ended

Sep. 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.

Total Assets:		September 30, 2019				December 31, 2018
Antimony
United States		$	2,062,312			$	2,199,694
Mexico			12,412,737				12,824,292
Subtotal Antimony			14,475,049				15,023,986
Precious metals			581,314				615,719
Zeolite			1,916,963				1,917,418
Total		$	16,973,326			$	17,557,123

		For the Three Months Ended								For the Nine Months Ended
		September 30, 2019				September 30, 2018				September 30, 2019				September 30, 2018
Capital expenditures:
Antimony
United States		$	-			$	-			$	2,713			$	-
Mexico			190,861				223,390				607,564				334,367
Subtotal Antimony			190,861				223,390				610,277				334,367
Precious Metals			4,095				-				17,247				40,988
Zeolite			9,304				13,793				50,313				36,216
Total		$	204,260			$	237,183			$	677,837			$	411,571

Segment Operations for the three		Antimony				Antimony				Total				Precious
months ended September 30, 2019		USA				Mexico				Antimony				Metals				Zeolite				Totals
Total revenues		$	1,080,871			$	-			$	1,080,871			$	55,500			$	651,563			$	1,787,934
Depreciation and amortization		$	10,935			$	210,766			$	221,701			$	17,630			$	46,825			$	286,156
Income (loss) from operations			227,712				(921,965	)			(694,253	)			37,869				114,923				(541,461	)
Other income (expense):			(4,602	)			(18,037	)			(22,639	)			-				(4,492	)			(27,131	)
NET INCOME (LOSS)		$	223,110			$	(940,002	)		$	(716,892	)		$	37,869			$	110,431			$	(568,592	)

Segment Operations for the three		Antimony				Antimony				Total				Precious
months ended September 30, 2018		USA				Mexico				Antimony				Metals				Zeolite				Totals
Total revenues		$	1,366,540			$	-			$	1,366,540			$	71,820			$	653,365			$	2,091,725
Depreciation and amortization		$	13,170			$	148,363			$	161,533			$	17,011			$	46,807			$	225,351
Income (loss) from operations			1,259,735				(537,067	)			722,668				54,809				88,263				865,740
Other income (expense):			(3,715	)			409,238				405,523				-				(3,816	)			401,707
NET INCOME (LOSS)		$	1,256,020			$	(127,829	)		$	1,128,191			$	54,809			$	84,447			$	1,267,447

Segment Operations for the nine		Antimony				Antimony				Total				Precious
months ended September 30, 2019		USA				Mexico				Antimony				Metals				Zeolite				Totals
Total revenues		$	3,820,689			$	473,592			$	4,294,281			$	140,550			$	2,081,751			$	6,516,582
Depreciation and amortization		$	32,690			$	508,934			$	541,624			$	51,652			$	139,426			$	732,702
Income (loss) from operations			1,083,360				(3,318,053	)			(2,234,693	)			88,898				460,149				(1,685,646	)
Other income (expense):			(10,388	)			(54,375	)			(64,763	)			-				(11,682	)			(76,445	)
NET INCOME (LOSS)		$	1,072,972			$	(3,372,428	)		$	(2,299,456	)		$	88,898			$	448,467			$	(1,762,091	)

Segment Operations for the nine		Antimony				Antimony				Total				Precious
months ended September 30, 2018		USA				Mexico				Antimony				Metals				Zeolite				Totals
Total revenues		$	4,540,873			$	-			$	4,540,873			$	213,523			$	2,026,605			$	6,781,001
Depreciation and amortization		$	39,550			$	445,729			$	485,279			$	51,032			$	141,699			$	678,010
Income (loss) from operations			1,849,669				(2,088,424	)			(238,755	)			162,491				382,182				305,918
Other income (expense):			(6,431	)			379,750				373,319				-				(9,015	)			364,304
NET INCOME (LOSS)		$	1,843,238			$	(1,708,674	)		$	134,564			$	162,491			$	373,167			$	670,222

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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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