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BUSINESS SEGEMENTS
 12 Months Ended
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)