XML 38 R10.htm IDEA: XBRL DOCUMENT
v3.24.1.u1

REVENUE RECOGNITION | 12 Months Ended
--- | ---
Dec. 31, 2023
REVENUE RECOGNITION |
REVENUE RECOGNITION | NOTE 4 – REVENUE RECOGNITION Products consist of the following:
| · | Antimony: includes antimony oxide, antimony metal, and antimony trisulfide
| · | Zeolite: includes coarse and fine zeolite crushed in various sizes
| · | Precious metals: includes unrefined and refined gold and silver
Sales by product for the years ended December 31, 2023 and 2022 were as follows:
|  | For the year ended |
|  | December 31, |  |  | December 31, |
|  | 2023 |  |  | 2022 |
Antimony product revenue |  | $ | 5,904,480 |  |  | $ | 7,631,670 |
Zeolite product revenue |  |  | 2,462,179 |  |  |  | 3,151,330 |
Precious metals product revenue |  |  | 326,496 |  |  |  | 261,707 |
TOTAL REVENUES |  | $ | 8,693,155 |  |  | $ | 11,044,707 |
The Company also received royalties related to a trademark and licensing agreement in its antimony business segment, which is recorded in “Trademark and licensing income” under the caption “Other Income (Expense)” in its Consolidated Statements Operations. The following is sales information by geographic area based on the location of customers for the years ended December 31, 2023 and 2022:
|  | For the year ended |
|  | December 31, |  |  | December 31, |
|  | 2023 |  |  | 2022 |
United States revenue |  | $ | 6,854,740 |  |  | $ | 9,272,698 |
Canada revenue |  |  | 1,838,415 |  |  |  | 1,772,009 |
TOTAL REVENUES |  | $ | 8,693,155 |  |  | $ | 11,044,707 |
Sales to customers representing more than 10% of our total revenues during the years ended December 31, 2023 and 2022 were as follows:
|  | For the year ended |
|  | December 31, |  |  | December 31, |
|  | 2023 |  |  | 2022 |
Customer A revenue |  | $ | 1,548,283 |  |  | $ | 1,882,667 |
Customer B revenue |  |  | 1,451,950 |  |  |  | 1,863,958 |
Customer C revenue |  |  | 1,037,307 |  |  |  | - |
Total significant customer revenue |  | $ | 4,037,540 |  |  | $ | 3,746,625 |
Customer revenue as a % of total revenues |  |  | 46 | % |  |  | 34 | %
All precious metals sales of $326,496 and $261,707 for the years ended December 31, 2023 and 2022, respectively were to one customer, Teck American, Inc. Customer receivables representing more than 10% of our net accounts receivable balance as of December 31, 2023 and 2022 were as follows:
|  | December 31, |  |  | December 31, |
|  | 2023 |  |  | 2022 |
Customer B receivables |  | $ | 202,382 |  |  | $ | - |
Customer A receivables |  |  | 194,007 |  |  |  | - |
Customer E receivables |  |  | - |  |  |  | 188,187 |
Total significant customer receivables |  | $ | 396,389 |  |  | $ | 188,187 |
Customer receivables as a % of net accounts receivable |  |  | 63 | % |  |  | 24 | %
The Company’s net accounts receivable balance related to contracts with customers was $625,256 at December 31, 2023 and $784,457 at December 31, 2022. The Company’s allowance for doubtful accounts related to accounts receivable was $271,212 at December 31, 2023 and $31,440 at December 31, 2022, the increase of which was primarily included in our U.S. Antimony Segment. The Company’s products do not involve any warranty agreements and product returns are not typical.

X
- References No definition available. + Details
Name: | uamy_RevenueRecognitionDisclosureTextBlock
Namespace Prefix: | uamy_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_RevenueRecognitionAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration