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13. BUSINESS SEGMENTS (Tables)

6 Months Ended

Jun. 30, 2014

Segment Reporting [Abstract]

Schedule of segment operating income

Three-Month Period Ended June 30, 2014		Bromine*				Crude  Salt*				Chemical  Products				Segment  Total				Corporate				Total
Net revenue (external customers)		$	16,214,612			$	2,915,445			$	12,622,757			$	31,752,814			$	-			$	31,752,814
Net revenue (intersegment)			836,840				-				-				836,840				-				836,840
Income (loss) from operations before taxes			3,599,026				(116,798	)			4,191,572				7,673,800				(142,228	)			7,531,572
Income taxes			735,834				141,819				1,055,850				1,933,503				-				1,933,503
Income (loss) from operations after taxes			2,863,192				(258,617	)			3,135,722				5,740,297				(142,228	)			5,598,069
Total assets			189,852,951				53,961,678				72,505,351				316,319,980				25,561				316,345,541
Depreciation and amortization			4,378,252				1,604,960				887,546				6,870,758				-				6,870,758
Capital expenditures			-				-				-				-				-				-

Three-Month Period Ended June 30, 2013		Bromine*				Crude  Salt*				Chemical  Products				Segment  Total				Corporate				Total
Net revenue (external customers)		$	17,473,276			$	3,629,976			$	11,750,644			$	32,853,896			$	-			$	32,853,896
Net revenue (intersegment)			777,746				-				-				777,746				-				777,746
Income (loss) from operations before taxes			3,882,612				728,638				3,572,036				8,183,286				(804,511	)			7,378,775
Income taxes			941,322				209,755				897,645				2,048,722				-				2,048,722
Income (loss) from operations after taxes			2,941,290				518,883				2,674,391				6,134,564				(804,511	)			5,330,053
Total assets			174,524,258				56,693,091				60,193,635				291,410,984				86,337				291,497,321
Depreciation and amortization			4,309,920				1,687,487				880,645				6,878,052				-				6,878,052
Capital expenditures			-				-				-				-				-				-

Six-Month Period Ended June 30, 2014		Bromine*				Crude  Salt*				Chemical  Products				Segment  Total				Corporate						Total
Net revenue (external customers)		$	27,976,528			$	5,357,340			$	24,011,122			$	57,344,990			$	-			$	57,344,990
Net revenue (intersegment)			1,620,833				-				-				1,620,833				-				1,620,833
Income (loss) from operations before taxes			4,617,298				526,509				7,961,305				13,105,112				28,104				13,133,216
Income taxes			1,100,419				197,059				2,005,094				3,302,572				-				3,302,572
Income (loss) from operations after taxes			3,516,879				329,450				5,956,211				9,802,540				28,104				9,830,644
Total assets			189,852,951				53,961,678				72,505,351				316,319,980				25,561				316,345,541
Depreciation and amortization			8,928,395				3,099,717				1,780,886				13,808,998				-				13,808,998
Capital expenditures			34,378				5,208				-				39,586				-				39,586

Six-Month Period Ended June 30, 2013		Bromine*				Crude  Salt*				Chemical  Products				Segment  Total				Corporate						Total
Net revenue (external customers)		$	29,207,643			$	6,080,762			$	20,068,071			$	55,356,476			$	-			$	55,356,476
Net revenue (intersegment)			1,392,476				-				-				1,392,476				-				1,392,476
Income (loss) from operations before taxes			4,210,425				1,266,858				5,668,715				11,145,998				(1,161,775	)			9,984,223
Income taxes			1,121,955				243,020				1,426,067				2,791,042				-				2,791,042
Income (loss) from operations after taxes			3,088,471				1,023,837				4,242,648				8,354,956				(1,161,775	)			7,193,181
Total assets			174,524,258				56,693,091				60,193,635				291,410,984				86,337				291,497,321
Depreciation and amortization			8,687,891				3,246,686				1,750,962				13,685,539				-				13,685,539
Capital expenditures			-				-				-				-				-				-

* 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 June 30,								Six-Month Period Ended June 30,
Reconciliations		2014				2013				2014				2013
Total segment operating income		$	7,673,800			$	8,183,286			$	13,105,112			$	11,145,998
Corporate costs			(142,228	)			(804,511	)			28,104				(1,161,775	)
Income from operations			7,531,572				7,378,775				13,133,216				9,984,223
Other income, net of expense			66,743				25,846				120,506				45,683
Income before taxes		$	7,598,315			$	7,404,621			$	13,253,722			$	10,029,906

Schedule of major customers

The following table shows the major customer(s) (10% or more) for the three-month period ended June 30, 2014.

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	$ 2,505		$ 693		$ 1,935		$  5,133		16.2%
TOTAL			$  2,505		$  693		$  1,935		$  5,133		16.2%

The following table shows the major customer(s) (10% or more) for the six-month period ended June 30, 2014.

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	$ 4,088		$ 1,264		$ 3,320		$  8,672		15.1%
TOTAL			$  4,088		$  1,264		$  3,320		$  8,672		15.1%

The following table shows the major customer(s) (10% or more) for the three-month period ended June 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	$ 2,166		$ 751		$ 1,125		$  4,042		12.3%
TOTAL			$  2,166		$  751		$  1,125		$  4,042		12.3%

The following table shows the major customer(s) (10% or more) for the six-month period ended June 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	$ 3,347		$ 1,494		$ 2,055		$  6,896		12.5%
TOTAL			$  3,347		$  1,494		$  2,055		$  6,896		12.5%

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