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BUSINESS SEGEMENTS
 3 Months Ended
Mar. 31, 2022
BUSINESS SEGEMENTS  
11.BUSINESS SEGEMENTS

NOTE 11 – BUSINESS SEGEMENTS

 

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 Puerto Blanco mill and the Madero smelter at the Company’s Mexico operation bring antimony up to an intermediate or finished stage, which may be sold directly or shipped to the United States operation for finishing at the Thompson Falls, Montana plant. The Puerto Blanco mill in Mexico is the site of our crushing and flotation plant, and a cyanide leach plant which will recover precious metals after the ore goes through the crushing and flotation cycles. A precious metals recovery plant is operated in conjunction with the antimony processing plant at Thompson Falls, Montana, where a 99% precious metals mix will be produced. 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, although the Company does have a sales operation in Canada.

Total Assets:

 

March 31, 2022

 

 

December 31, 2021

 

Antimony

 

 

 

 

 

 

United States

 

$24,749,039

 

 

$24,130,348

 

Mexico

 

 

7,575,114

 

 

 

7,771,515

 

Subtotal antimony

 

 

32,324,153

 

 

 

31,901,863

 

Precious metals

 

 

 

 

 

 

 

 

United States

 

 

189,567

 

 

 

107,464

 

Mexico

 

 

681,610

 

 

 

782,854

 

Subtotal precious metals

 

 

871,177

 

 

 

890,318

 

Zeolite

 

 

2,344,215

 

 

 

2,210,546

 

TOTAL

 

$35,539,545

 

 

$35,002,727

 

 

 

 

For the three months ended

 

Capital expenditures:

 

March 31, 2022

 

 

March 31, 2021

 

Antimony

 

 

 

 

 

 

United States

 

$28,350

 

 

$-

 

Mexico

 

 

16,437

 

 

 

4,872

 

Subtotal antimony

 

 

44,787

 

 

 

4,872

 

Precious metals

 

 

8,380

 

 

 

18,426

 

Zeolite

 

 

135,374

 

 

 

-

 

TOTAL

 

$188,541

 

 

$23,298

 

Segment operations for the three months ended March 31, 2022

 

Antimony - USA

 

 

Antimony -Mexico

 

 

Total antimony

 

 

Precious Metals

 

 

Zeolite

 

 

Total

 

Total revenues

 

$2,828,930

 

 

$-

 

 

$2,828,930

 

 

$77,334

 

 

$674,042

 

 

$3,580,306

 

Depreciation and amortization

 

$9,469

 

 

$138,457

 

 

$147,926

 

 

$27,520

 

 

$44,704

 

 

$220,150

 

Income (loss) from operations

 

$1,391,512

 

 

$(684,037)

 

$707,475

 

 

$49,814

 

 

$22,291

 

 

$779,580

 

Other income (expense)

 

 

7,310

 

 

 

-

 

 

 

7,310

 

 

 

-

 

 

 

(638)

 

 

6,672

 

NET INCOME (LOSS)

 

$1,398,822

 

 

$(684,037)

 

$714,785

 

 

$49,814

 

 

$21,653

 

 

$786,252

 

 

Segment operations for the three months ended March 31, 2021

 

Antimony - USA

 

 

Antimony -Mexico

 

 

Total antimony

 

 

Precious Metals

 

 

Zeolite

 

 

Total

 

Total revenues

 

$657,107

 

 

$-

 

 

$657,107

 

 

$76,233

 

 

$519,947

 

 

$1,253,287

 

Depreciation and amortization

 

$7,891

 

 

$144,952

 

 

$152,843

 

 

$27,604

 

 

$42,017

 

 

$222,464

 

Income (loss) from operations

 

$(218,669)

 

$(238,568)

 

$(457,237)

 

$48,630

 

 

$66,881

 

 

$(341,726)

Other income (expense)

 

 

6,635

 

 

 

-

 

 

 

6,635

 

 

 

-

 

 

 

(397)

 

 

6,238

 

NET INCOME (LOSS)

 

$(212,034)

 

$(238,568)

 

$(450,602)

 

$48,630

 

 

$66,484

 

 

$(335,488)