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14. BUSINESS SEGMENTS (Tables) | 9 Months Ended
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Sep. 30, 2013
Segment Reporting [Abstract] |
Schedule of segment operating income |
Three-Month Period Ended September 30, 2013 |  | Bromine* |  |  | Crude Salt* |  |  | Chemical Products |  |  | Segment Total |  |  | Corporate |  |  | Total |
Net revenue (external customers) |  | $ | 17,093,087 |  |  | $ | 3,902,979 |  |  | $ | 11,939,211 |  |  | $ | 32,935,277 |  |  | $ | - |  |  | $ | 32,935,277 |
Net revenue (intersegment) |  |  | 781,866 |  |  |  | - |  |  |  | - |  |  |  | 781,866 |  |  |  | - |  |  |  | 781,866 |
Income (loss) from operations before taxes |  |  | 5,876,150 |  |  |  | 1,635,755 |  |  |  | 3,740,278 |  |  |  | 11,252,183 |  |  |  | (359,663 | ) |  |  | 10,892,520 |
Income taxes |  |  | 1,452,755 |  |  |  | 425,640 |  |  |  | 940,049 |  |  |  | 2,818,444 |  |  |  | - |  |  |  | 2,818,444 |
Income (loss) from operations after taxes |  |  | 4,423,395 |  |  |  | 1,210,115 |  |  |  | 2,800,229 |  |  |  | 8,433,739 |  |  |  | (359,663 | ) |  |  | 8,074,076 |
Total assets |  |  | 180,313,532 |  |  |  | 58,306,651 |  |  |  | 63,073,106 |  |  |  | 301,693,289 |  |  |  | 32,604 |  |  |  | 301,725,893 |
Depreciation and amortization |  |  | 4,123,370 |  |  |  | 1,873,318 |  |  |  | 885,945 |  |  |  | 6,882,633 |  |  |  | - |  |  |  | 6,882,633 |
Capital expenditures |  |  | 238,689 |  |  |  | 69,933 |  |  |  | 6,091 |  |  |  | 314,713 |  |  |  | - |  |  |  | 314,713 |
Write-off / Impairment |  |  | - |  |  |  | - |  |  |  | 214 |  |  |  | 214 |  |  |  | - |  |  |  | 214 |
Three-Month Period Ended September 30, 2012 |  | Bromine* |  |  | Crude Salt* |  |  | Chemical Products |  |  | Segment Total |  |  | Corporate |  |  | Total |
Net revenue (external customers) |  | $ | 13,960,118 |  |  | $ | 2,360,905 |  |  | $ | 8,209,309 |  |  | $ | 24,530,332 |  |  | $ | - |  |  | $ | 24,530,332 |
Net revenue (intersegment) |  |  | 593,035 |  |  |  | - |  |  |  | - |  |  |  | 593,035 |  |  |  | - |  |  |  | 593,035 |
Income (loss) from operations before taxes |  |  | 3,134,709 |  |  |  | 549,446 |  |  |  | 2,258,624 |  |  |  | 5,942,779 |  |  |  | (313,898 | ) |  |  | 5,628,881 |
Income taxes |  |  | 720,469 |  |  |  | 239,204 |  |  |  | 569,653 |  |  |  | 1,529,326 |  |  |  | - |  |  |  | 1,529,326 |
Income (loss) from operations after taxes |  |  | 2,414,240 |  |  |  | 310,242 |  |  |  | 1,688,971 |  |  |  | 4,413,453 |  |  |  | (313,898 | ) |  |  | 4,099,555 |
Total assets |  |  | 147,781,415 |  |  |  | 69,333,330 |  |  |  | 51,659,755 |  |  |  | 268,774,500 |  |  |  | 344,202 |  |  |  | 269,118,702 |
Depreciation and amortization |  |  | 3,309,109 |  |  |  | 1,743,342 |  |  |  | 652,645 |  |  |  | 5,705,096 |  |  |  | - |  |  |  | 5,705,096 |
Capital expenditures |  |  | 10,947,478 |  |  |  | 3,372,192 |  |  |  | 7,233,871 |  |  |  | 21,553,541 |  |  |  | - |  |  |  | 21,553,541 |
Write-off / Impairment |  |  | 128,562 |  |  |  | 1,581 |  |  |  | - |  |  |  | 130,143 |  |  |  | - |  |  |  | 130,143 |
Nine-Month Period Ended September 30, 2013 |  | Bromine* |  |  | Crude Salt* |  |  | Chemical Products |  |  | Segment Total |  |  | Corporate |  |  | Total |
Net revenue (external customers) |  | $ | 46,300,730 |  |  | $ | 9,983,741 |  |  | $ | 32,007,282 |  |  | $ | 88,291,753 |  |  | $ | - |  |  | $ | 88,291,753 |
Net revenue (intersegment) |  |  | 2,174,342 |  |  |  | - |  |  |  | - |  |  |  | 2,174,342 |  |  |  | - |  |  |  | 2,174,342 |
Income (loss) from operations before taxes |  |  | 10,086,575 |  |  |  | 2,902,613 |  |  |  | 9,408,993 |  |  |  | 22,398,181 |  |  |  | (1,521,438 | ) |  |  | 20,876,743 |
Income taxes |  |  | 2,574,710 |  |  |  | 668,660 |  |  |  | 2,366,116 |  |  |  | 5,609,486 |  |  |  | - |  |  |  | 5,609,486 |
Income (loss) from operations after taxes |  |  | 7,511,866 |  |  |  | 2,233,952 |  |  |  | 7,042,877 |  |  |  | 16,788,695 |  |  |  | (1,521,438 | ) |  |  | 15,267,257 |
Total assets |  |  | 180,313,532 |  |  |  | 58,306,651 |  |  |  | 63,073,106 |  |  |  | 301,693,289 |  |  |  | 32,604 |  |  |  | 301,725,893 |
Depreciation and amortization |  |  | 12,811,261 |  |  |  | 5,120,004 |  |  |  | 2,636,907 |  |  |  | 20,568,172 |  |  |  | - |  |  |  | 20,568,172 |
Capital expenditures |  |  | 238,689 |  |  |  | 69,933 |  |  |  | 6,091 |  |  |  | 314,713 |  |  |  | - |  |  |  | 314,713 |
Write-off / Impairment |  |  | - |  |  |  | - |  |  |  | 214 |  |  |  | 214 |  |  |  | - |  |  |  | 214 |
Nine-Month Period Ended September 30, 2012 |  | Bromine* |  |  | Crude Salt* |  |  | Chemical Products |  |  | Segment Total |  |  | Corporate |  |  | Total |
Net revenue (external customers) |  | $ | 44,953,429 |  |  | $ | 8,415,487 |  |  | $ | 26,284,936 |  |  | $ | 79,653,852 |  |  | $ | - |  |  | $ | 79,653,852 |
Net revenue (intersegment) |  |  | 2,156,188 |  |  |  | - |  |  |  | - |  |  |  | 2,156,188 |  |  |  | - |  |  |  | 2,156,188 |
Income (loss) from operations before taxes |  |  | 9,536,574 |  |  |  | 1,986,451 |  |  |  | 7,508,900 |  |  |  | 19,031,925 |  |  |  | (1,192,742 | ) |  |  | 17,839,183 |
Income taxes |  |  | 2,401,678 |  |  |  | 541,853 |  |  |  | 1,895,454 |  |  |  | 4,838,985 |  |  |  | - |  |  |  | 4,838,985 |
Income (loss) from operations after taxes |  |  | 7,134,896 |  |  |  | 1,444,598 |  |  |  | 5,613,446 |  |  |  | 14,192,940 |  |  |  | (1,192,742 | ) |  |  | 13,000,198 |
Total assets |  |  | 147,781,415 |  |  |  | 69,333,330 |  |  |  | 51,659,755 |  |  |  | 268,774,500 |  |  |  | 344,202 |  |  |  | 269,118,702 |
Depreciation and amortization |  |  | 10,483,142 |  |  |  | 4,549,027 |  |  |  | 1,963,515 |  |  |  | 16,995,684 |  |  |  | - |  |  |  | 16,995,684 |
Capital expenditures |  |  | 17,514,773 |  |  |  | 4,654,183 |  |  |  | 7,233,871 |  |  |  | 29,402,827 |  |  |  | - |  |  |  | 29,402,827 |
Write-off / Impairment |  |  | 891,605 |  |  |  | 150,533 |  |  |  | - |  |  |  | 1,042,138 |  |  |  | - |  |  |  | 1,042,138 |
* Certain common production overheads, operating and administrative expenses and asset items (mainly cash and certain office equipment) of bromine and crude salt segments in SCHC were split by reference to the average selling price and production volume of respective segment.
Schedule of segment costs |
|  | Three-Month Period Ended September 30, |  |  | Nine-Month Period Ended September 30, |
Reconciliations |  | 2013 |  |  | 2012 |  |  | 2013 |  |  | 2012 |
Total segment operating income |  | $ | 11,252,183 |  |  | $ | 5,942,779 |  |  | $ | 22,398,181 |  |  | $ | 19,031,925 |
Corporate costs |  |  | (359,663 | ) |  |  | (313,898 | ) |  |  | (1,521,438 | ) |  |  | (1,192,742 | )
Income from operations |  |  | 10,892,520 |  |  |  | 5,628,881 |  |  |  | 20,876,743 |  |  |  | 17,839,183 |
Other income, net |  |  | 35,653 |  |  |  | 13,661 |  |  |  | 81,336 |  |  |  | 88,799 |
Income before taxes |  | $ | 10,928,173 |  |  | $ | 5,642,542 |  |  | $ | 20,958,079 |  |  | $ | 17,927,982 |
Schedule of major customers | The following table shows the major customer(s) (10% or more) for the three-month period ended September 30, 2013.
Number | Customer |  | Bromine (000’s) |  |  | Crude Salt (000’s) |  |  | Chemical Products (000’s) |  |  | Total Revenue (000’s) |  |  | Percentage of Total Revenue (%) |
1 | Shandong Morui Chemical Company Limited |  | $ | 2,078 |  |  | $ | 934 |  |  | $ | 1,223 |  |  | $ | 4,235 |  |  |  | 12.9% |
TOTAL |  |  | $ | 2,078 |  |  | $ | 934 |  |  | $ | 1,223 |  |  | $ | 4,235 |  |  |  | 12.9% |
The following table shows the major customer(s) (10% or more) for the nine-month period ended September 30, 2013.
Number | Customer |  | Bromine (000’s) |  |  | Crude Salt (000’s) |  |  | Chemical Products (000’s) |  |  | Total Revenue (000’s) |  |  | Percentage of Total Revenue (%) |
1 | Shandong Morui Chemical Company Limited |  | $ | 5,425 |  |  | $ | 2,428 |  |  | $ | 3,278 |  |  | $ | 11,131 |  |  |  | 12.6% |
TOTAL |  |  | $ | 5,425 |  |  | $ | 2,428 |  |  | $ | 3,278 |  |  | $ | 11,131 |  |  |  | 12.6% |
The following table shows the major customer(s) (10% or more) for the three-month period ended September 30, 2012.
Number | Customer |  | Bromine (000’s) |  |  | Crude Salt (000’s) |  |  | Chemical Products (000’s) |  |  | Total Revenue (000’s) |  |  | Percentage of Total Revenue (%) |
1 | Shandong Morui Chemical Company Limited |  | $ | 1,383 |  |  | $ | 511 |  |  | $ | 947 |  |  | $ | 2,841 |  |  |  | 11.6% |
TOTAL |  |  | $ | 1,383 |  |  | $ | 511 |  |  | $ | 947 |  |  | $ | 2,841 |  |  |  | 11.6% |
The following table shows the major customer(s) (10% or more) for the nine-month period ended September 30, 2012.
Number | Customer |  | Bromine (000’s) |  |  | Crude Salt (000’s) |  |  | Chemical Products (000’s) |  |  | Total Revenue (000’s) |  |  | Percentage of Total Revenue (%) |
1 | Shandong Morui Chemical Company Limited |  | $ | 5,017 |  |  | $ | 1,623 |  |  | $ | 3,055 |  |  | $ | 9,695 |  |  |  | 12.2% |
TOTAL |  |  | $ | 5,017 |  |  | $ | 1,623 |  |  | $ | 3,055 |  |  | $ | 9,695 |  |  |  | 12.2% |

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