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BUSINESS SEGEMENTS | 12 Months Ended
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Dec. 31, 2023
BUSINESS SEGEMENTS |
BUSINESS SEGEMENTS | NOTE 13 – BUSINESS SEGEMENTS The Company is organized and managed via four segments, which represent our operating units: United States antimony operations, Mexico antimony operations, precious metals recovery operations, and United States zeolite operations. Total assets by segment at December 31, 2023 and 2022 were as follows:
|  | December 31, |  |  | December 31, |
Total Assets: |  | 2023 |  |  | 2022 |
Antimony segment: |  |  |  |  |  |
United States total assets |  | $ | 14,769,408 |  |  | $ | 21,636,386 |
Mexico total assets |  |  | 7,132,885 |  |  |  | 8,484,131 |
Subtotal antimony segment |  | $ | 21,902,293 |  |  | $ | 30,120,517 |
Precious metals segment: |  |  |  |  |  |  |  |
United States total assets |  | $ | 92,718 |  |  | $ | 172,004 |
Mexico total assets |  |  | 625,974 |  |  |  | 625,292 |
Subtotal precious metals segment |  | $ | 718,692 |  |  | $ | 797,296 |
Zeolite segment |  |  | 5,474,010 |  |  |  | 3,782,637 |
Total Assets |  | $ | 28,094,995 |  |  | $ | 34,700,450 |
Total capital expenditures by segment for the years ended December 31, 2023 and 2022 were as follows:
Capital expenditures |  | December 31, |  |  | December 31, |
|  | 2023 |  |  | 2022 |
Antimony segment: |  |  |  |  |  |
United States capital expenditures |  | $ | 61,851 |  |  | $ | 81,931 |
Mexico capital expenditures |  |  | 182,321 |  |  |  | 324,961 |
Subtotal antimony segment |  | $ | 244,172 |  |  | $ | 406,892 |
Precious metals segment |  |  | - |  |  |  | 17,518 |
Zeolite segment |  |  | 1,284,500 |  |  |  | 1,463,605 |
TOTAL CAPITAL EXPENDITURES |  | $ | 1,528,672 |  |  | $ | 1,888,015 |
Selected segment operational information for the years ended December 31, 2023 and 2022 were as follows:
Segment operations for the year ended December 31, 2023 |  | Antimony |  |  | Antimony |  |  | Total |  |  | Precious |  |  |  |  |  |  |
| USA |  |  | Mexico |  |  | Antimony |  |  | Metals |  |  | Zeolite |  |  | Total |
Total revenues |  |  | 5,416,092 |  |  |  | 488,388 |  |  |  | 5,904,480 |  |  |  | 326,496 |  |  |  | 2,462,179 |  |  |  | 8,693,155 |
Depreciation and amortization |  |  | 39,328 |  |  |  | 550,683 |  |  |  | 590,011 |  |  |  | 110,693 |  |  |  | 258,741 |  |  |  | 959,445 |
Income (loss) from operations |  |  | (662,326 | ) |  |  | (5,857,872 | ) |  |  | (6,520,198 | ) |  |  | 215,803 |  |  |  | (764,606 | ) |  |  | (7,069,001 | )
Other income (expense) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 720,714 |
Income tax expense |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | - |
NET INCOME (LOSS) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (6,348,287 | )
Segment operations for the year ended December 31, 2022 |  | Antimony |  |  | Antimony |  |  | Total |  |  | Precious |  |  |  |  |  |  |
| USA |  |  | Mexico |  |  | Antimony |  |  | 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) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 96,529 |
Income tax expense |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (16,073 | )
NET INCOME (LOSS) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 428,661 |

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