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17. Business Segments

12 Months Ended

Dec. 31, 2019

Segment Reporting [Abstract]

Business Segments

The Company is currently organized and managed by four segments, which represent the three operating units: United States antimony, Mexican antimony, United States zeolite, and precious metals. 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 a finished product or an intermediate stage, which is then either shipped directly to customers or 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 recovered from the antimony process in the United States and Mexico is typically sold 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, 2019				December 31, 2018
Antimony
United States		$	2,166,041			$	2,199,694
Mexico			9,193,521				12,824,291
Subtotal Antimony			11,359,562				15,023,985
Precious Metals			567,738				615,719
Zeolite			1,766,675				1,917,419
Total		$	13,693,975			$	17,557,123

		For the year ended				For the year ended
Capital expenditures:		December 31, 2019				December 31, 2018
Antimony
United States		$	8,429			$	-
Mexico			705,123				803,579
Subtotal Antimony			713,552				803,579
Precious metals			21,086				40,988
Zeolite			58,287				154,552
Total		$	792,925			$	999,119

Segment Operations for the		Antimony				Antimony				Total				Precious				Bear River
Year ended December 31, 2019		USA				Mexico				Antimony				Metals				Zeolite				Totals
Total revenues		$	5,450,649			$	-			$	5,450,649			$	194,239			$	2,623,117			$	8,268,005
Depreciation and amortization			43,738				596,719				640,457				69,067				186,466				895,990
Income (loss) from operations			(144,208	)			(4,239,123	)			(4,383,331	)			125,172				513,052				(3,745,107	)
Other income (expense)			(16,142	)			103,940				87,798								(15,582	)			72,216
Income tax benefit											-				-				-				-
NET INCOME (LOSS)		$	(160,350	)		$	(4,135,183	)		$	(4,295,533	)		$	125,172			$	497,470			$	(3,672,891	)

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

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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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