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13. BUSINESS SEGMENTS (Tables)

9 Months Ended

Sep. 30, 2014

Three-Month Period Ended September 30, 2014	Bromine*		Crude Salt*			Chemical Products		Segment Total		Corporate			Total
Net revenue (external customers)	$	15,973,528	$	2,655,028		$	12,478,408	$	31,106,964	$	-		$	31,106,964
Net revenue (intersegment)		832,946		-			-		832,946		-			832,946
Income (loss) from operations before taxes		3,131,684		(431,901	)		4,161,811		6,861,594		(167,005	)		6,694,589
Income taxes		793,882		(109,510	)		1,048,489		1,732,861		-			1,732,861
Income (loss) from operations after taxes		2,337,802		(322,391	)		3,113,322		5,128,733		(167,005	)		4,961,728
Total assets		190,832,648		54,799,590			75,322,416		320,954,654		43,825			320,998,479
Depreciation and amortization		4,266,547		1,638,806			887,710		6,793,063		-			6,793,063
Capital expenditures		5,342,659		1,116,591			-		6,459,250		-			6,459,250

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

Nine-Month Period Ended September 30, 2014	Bromine*		Crude Salt*		Chemical Products		Segment Total		Corporate			Total
Net revenue (external customers)	$	43,950,056	$	8,012,368	$	36,489,530	$	88,451,954	$	-		$	88,451,954
Net revenue (intersegment)		2,453,779		-		-		2,453,779		-			2,453,779
Income (loss) from operations before taxes		7,748,981		94,609		12,123,116		19,966,706		(138,901	)		19,827,805
Income taxes		1,964,367		17,483		3,053,583		5,035,433		-			5,035,433
Income (loss) from operations after taxes		5,784,614		77,126		9,069,533		14,931,273		(138,901	)		14,792,372
Total assets		190,832,648		54,799,590		75,322,416		320,954,654		43,825			320,998,479
Depreciation and amortization		13,194,940		4,738,524		2,668,597		20,602,061		-			20,602,061
Capital expenditures		5,342,659		1,116,591		-		6,459,250		-			6,459,250

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

Schedule of segment costs

	Three-Month Period Ended September 30,						Nine-Month Period Ended September 30,
Reconciliations	2014			2013			2014			2013
Total segment operating income	$	6,861,594		$	11,252,183		$	19,966,706		$	22,398,181
Corporate costs		(167,005	)		(359,663	)		(138,901	)		(1,521,438	)
Income from operations		6,694,589			10,892,520			19,827,805			20,876,743
Other income, net of expense		76,675			35,653			197,181			81,336
Income before taxes	$	6,771,264		$	10,928,173		$	20,024,986		$	20,958,079

Schedule of major customers

The following table shows the major customer(s) (10% or more) for the three-month period ended September 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	$	2,212	$	673	$	1,916	$	4,801		15.4%
TOTAL			$	2,212	$	673	$	1,916	$	4,801		15.4%

The following table shows the major customer(s) (10% or more) for the nine-month period ended September 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	$	6,300	$	1,936	$	5,237	$	13,473		15.2%
TOTAL			$	6,300	$	1,936	$	5,237	$	13,473		15.2%

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%

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References+ Details