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BUSINESS SEGEMENTS | 12 Months Ended
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Dec. 31, 2022
BUSINESS SEGEMENTS |
BUSINESS SEGEMENTS | NOTE 16 – BUSINESS SEGEMENTS The Company is currently organized and managed via 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: |  | December 31, 2022 |  |  | December 31, 2021 |
Antimony |  |  |  |  |  |
United States |  | $ | 21,636,386 |  |  | $ | 24,130,348 |
Mexico |  |  | 8,484,131 |  |  |  | 7,771,515 |
Subtotal antimony |  |  | 30,120,517 |  |  |  | 31,901,863 |
Precious metals |  |  |  |  |  |  |  |
United States |  |  | 172,004 |  |  |  | 107,464 |
Mexico |  |  | 625,292 |  |  |  | 782,854 |
Subtotal precious metals |  |  | 797,296 |  |  |  | 890,318 |
Zeolite |  |  | 3,782,637 |  |  |  | 2,210,546 |
TOTAL |  | $ | 34,700,450 |  |  | $ | 35,002,727 |
Capital expenditures |  | December 31, 2022 |  |  | December 31, 2021 |
Antimony |  |  |  |  |  |
United States |  | $ | 81,931 |  |  | $ | 22,092 |
Mexico |  |  | 324,961 |  |  |  | 19,488 |
Subtotal antimony |  |  | 406,892 |  |  |  | 41,580 |
Precious metals |  |  | 17,518 |  |  |  | 63,698 |
Zeolite |  |  | 1,463,605 |  |  |  | 758,000 |
TOTAL |  | $ | 1,888,015 |  |  | $ | 863,278 |
Segment operations for the year ended December 31, 2022 |  | Antimony - USA |  |  | Antimony -Mexico |  |  | Total antimony |  |  | Precious Metals |  |  | Zeolite |  |  | Total |
Total revenues |  | $ | 6,803,848 |  |  | $ | 827,822 |  |  | $ | 7,631,670 |  |  | $ | 261,707 |  |  | $ | 3,151,330 |  |  | $ | 11,044,707 |
Depreciation and amortization |  | $ | 40,978 |  |  | $ | 589,877 |  |  | $ | 630,855 |  |  | $ | 110,540 |  |  | $ | 167,825 |  |  | $ | 909,220 |
Income (loss) from operations |  | $ | 2,307,649 |  |  | $ | (2,285,059 | ) |  | $ | 22,590 |  |  | $ | 151,167 |  |  | $ | 174,448 |  |  | $ | 348,205 |
Other income (expense) |  |  | 129,481 |  |  |  | - |  |  |  | 129,481 |  |  |  | - |  |  |  | (32,952 | ) |  |  | 96,529 |
Income tax expense |  |  | (16,073 | ) |  |  | - |  |  |  | (16,073 | ) |  |  | - |  |  |  | - |  |  |  | (16,073 | )
NET INCOME (LOSS) |  | $ | 2,421,057 |  |  | $ | (2,285,059 | ) |  | $ | 135,998 |  |  | $ | 151,167 |  |  | $ | 141,496 |  |  | $ | 428,661 |
Segment operations for the year ended December 31, 2021 |  | Antimony - USA |  |  | Antimony -Mexico |  |  | Total antimony |  |  | Precious Metals |  |  | Zeolite |  |  | Total |
Total revenues |  | $ | 4,815,524 |  |  | $ | - |  |  | $ | 4,815,524 |  |  | $ | 338,341 |  |  | $ | 2,593,641 |  |  | $ | 7,747,506 |
Depreciation and amortization |  | $ | 33,028 |  |  | $ | 580,174 |  |  | $ | 613,202 |  |  | $ | 107,264 |  |  | $ | 160,414 |  |  | $ | 880,880 |
Income (loss) from operations |  | $ | 938,914 |  |  | $ | (2,027,313 | ) |  | $ | (1,088,399 | ) |  | $ | 231,077 |  |  | $ | 197,065 |  |  | $ | (660,257 | )
Other income (expense) |  |  | 489,757 |  |  |  | 113,422 |  |  |  | 603,179 |  |  |  | - |  |  |  | (3,391 | ) |  |  | 599,788 |
NET INCOME (LOSS) |  | $ | 1,428,671 |  |  | $ | (1,913,891 | ) |  | $ | (485,220 | ) |  | $ | 231,077 |  |  | $ | 193,674 |  |  | $ | (60,469 | )

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