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Revenue Recognition
 12 Months Ended
Dec. 31, 2021
Revenue Recognition  
4. Revenue Recognition

3. Revenue Recognition

 

Sales of products for the years ended December 31, 2021 and 2020, were as follows:

 

Year ended December 31,

2021

2020

Antimony

$4,815,524$2,942,628

Zeolite

2,593,6412,118,823

Precious metals

338,341174,079
$7,747,506$5,235,530

 

All precious metals sales of $338,341 were from one customer, Teck Americans, Inc.

 

The following is sales information by geographic area based on the location of customers for the years ended December 31, 2021 and 2020.

 

 

 

Year ended December 31,

 

 

 

2021

 

 

2020

 

United States

 

$6,795,778

 

 

$4,662,841

 

Canada

 

 

951,728

 

 

 

572,689

 

Mexico

 

 

-

 

 

 

-

 

 

 

$7,747,506

 

 

$5,235,530

 

 

Sales of products to significant customers were as follows for the years ended December 31, 2021 and 2020:

 

 

 

For the year ended December 31,

 

Sales to largest customers

 

2021

 

 

2020

 

Company A

 

 

1,728,406

 

 

$417,501

 

Company B

 

 

1,141,608

 

 

 

589,384

 

Company C

 

 

850,301

 

 

 

-

 

Company D

 

 

518,227

 

 

 

638,846

 

 

 

$4,238,542

 

 

$1,645,731

 

% of Total Revenues

 

 

55%

 

 

31%

 

Accounts receivable from the Company’s largest customers were as follows for December 31, 2021 and 2020:

 

 

 

December 31,

 

Largest Accounts Receivable

 

2021

 

 

2020

 

Company C

 

$477,957

 

 

$-

 

Company E

 

 

104,644

 

 

 

68,055

 

Total

 

$582,601

 

 

$68,055

 

% of Total Receivables

 

 

65%

 

 

29%

 

All precious metals sales of $338,341 were from one customer, Teck Americans, Inc.