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BUSINESS SEGMENTS
 9 Months Ended
Sep. 30, 2024
BUSINESS SEGMENTS  
BUSINESS SEGMENTS

NOTE 11 – BUSINESS SEGMENTS

 

The Company is organized and managed with four business segments, which represent our operating units: United States antimony operations, Mexico antimony operations, precious metals recovery and United States zeolite operations. See Note 12 for the Mexico discontinued operations that are excluded from business segments.

 

Total assets by segment at September 30, 2024 and December 31, 2023 were as follows: 

 

Total Assets, Excluding Discontinued Operations

 

September 30, 2024

 

 

December 31, 2023

 

Antimony segment:

 

 

 

 

 

 

United States

 

$16,514,199

 

 

$14,769,408

 

Mexico

 

 

1,239,959

 

 

 

1,211,319

 

Subtotal antimony segment

 

$17,754,158

 

 

$15,980,727

 

Precious metals segment:

 

 

 

 

 

 

 

 

United States

 

$142,925

 

 

$92,718

 

Mexico

 

 

-

 

 

 

-

 

Subtotal precious metals segment

 

$142,925

 

 

$92,718

 

Zeolite segment

 

 

5,663,794

 

 

 

5,474,010

 

Total assets, excluding discontinued operations

 

$23,560,877

 

 

$21,547,455

 

 

Total capital expenditures by segment for the three and nine months ended September 30, 2024 and 2023 were as follows: 

 

Capital expenditures, Excluding Discontinued Operations

 

For the three months ended

 

 

For the nine months ended

 

 

 

September 30, 2024

 

 

September 30, 2023

 

 

September 30, 2024

 

 

September 30, 2023

 

Antimony segment:

 

 

 

 

 

 

 

 

 

 

 

 

United States capital expenditures

 

$10,000

 

 

$-

 

 

$10,000

 

 

$61,849

 

Mexico capital expenditures

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Subtotal antimony segment

 

$10,000

 

 

$-

 

 

$10,000

 

 

$61,849

 

Precious metals segment

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Zeolite segment

 

 

62,337

 

 

 

141,864

 

 

 

213,058

 

 

 

1,275,549

 

Total capital expenditures, excluding discontinued operations

 

$72,337

 

 

$141,864

 

 

$223,058

 

 

$1,337,398

 

 

The zeolite segment’s capital expenditures for the nine months ended September 30, 2024 excludes $402,722 related to a wheel loader purchased with a note payable.

Selected segment operational information excluding discontinued operations for the three and nine months ended September 30, 2024 and 2023 were as follows:

 

For the three months ended September 30, 2024

 

Antimony USA

 

 

Antimony Mexico

 

 

Total Antimony

 

 

Precious Metals

 

 

Zeolite

 

 

Total

 

Total revenues

 

$1,338,640

 

 

$-

 

 

$1,338,640

 

 

$399,433

 

 

$682,947

 

 

$2,421,020

 

Depreciation and amortization

 

 

14,048

 

 

 

4,023

 

 

 

18,071

 

 

 

5,854

 

 

 

95,659

 

 

 

119,584

 

Income (loss) from operations

 

$

(809,755)

 

 

$

(26,196)

 

 

$

(835,951)

 

 

$393,579

 

 

$

(402,671)

 

 

$

(845,043)

 

Other income

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

161,946

 

Income tax expense

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

-

 

Loss from continuing operations

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

(683,097)

 

 

For the three months ended September 30, 2023

 

Antimony USA

 

 

Antimony Mexico

 

 

Total Antimony

 

 

Precious Metals

 

 

Zeolite

 

 

Total

 

Total revenues

 

$1,391,733

 

 

$-

 

 

$1,391,733

 

 

$-

 

 

$671,825

 

 

$2,063,558

 

Depreciation and amortization

 

 

10,361

 

 

 

4,015

 

 

 

14,376

 

 

 

5,854

 

 

 

73,194

 

 

 

93,424

 

Income (loss) from operations

 

$47,534

 

 

$

(25,990)

 

 

$21,544

 

 

$

(5,854)

 

 

$

(379,421)

 

 

$

(363,731)

 

Other income

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

178,946

 

Income tax expense

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

-

 

Loss from continuing operations

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

(184,785)

 

 

For the nine months ended September 30, 2024

 

Antimony USA

 

 

Antimony Mexico

 

 

Total Antimony

 

 

Precious Metals

 

 

Zeolite

 

 

Total

 

Total revenues

 

$5,381,803

 

 

$-

 

 

$5,381,803

 

 

$404,049

 

 

$2,280,338

 

 

$8,066,190

 

Depreciation and amortization

 

 

42,036

 

 

 

12,071

 

 

 

54,107

 

 

 

17,563

 

 

 

268,547

 

 

 

340,217

 

Income (loss) from operations

 

$

(452,858)

 

 

$

(78,589)

 

 

$

(531,447)

 

 

$386,486

 

 

$

(982,432)

 

 

$

(1,127,393)

 

Other income

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$474,693

 

Income tax expense

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

-

 

Loss from continuing operations

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

(652,700)

 

 

For the nine months ended September 30, 2023

 

Antimony USA

 

 

Antimony Mexico

 

 

Total Antimony

 

 

Precious Metals

 

 

Zeolite

 

 

Total

 

Total revenues

 

$4,356,077

 

 

$-

 

 

$4,356,077

 

 

$242,433

 

 

$1,941,009

 

 

$6,539,519

 

Depreciation and amortization

 

 

29,002

 

 

 

12,054

 

 

 

41,056

 

 

 

17,563

 

 

 

189,263

 

 

 

247,882

 

Income (loss) from operations

 

$

(207,907)

 

 

$

(77,979)

 

 

$

(285,886)

 

 

$224,870

 

 

$

(420,174)

 

 

$

(481,190)

 

Other income

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

566,754

 

Income tax expense

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

-

 

Income from continuing operations

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$85,564