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14. BUSINESS SEGMENTS (Tables)

12 Months Ended

Dec. 31, 2014

Year Ended December 31, 2014	Bromine *		Crude Salt *		Chemical Products		Segment Total		Corporate			Total
Net revenue (external customers)	$	57,949,824	$	10,752,226	$	44,958,281	$	113,660,331	$	-		$	113,660,331
Net revenue (intersegment)		3,013,295		-		-		3,013,295		-			3,013,295
Income (loss) from operations before taxes		9,500,428		719,226		14,432,851		24,652,505		(834,284	)		23,818,221
Income taxes		2,214,988		370,974		3,640,053		6,226,015		-			6,226,015
Income (loss) from operations after taxes		7,285,440		348,252		10,792,798		18,426,490		(834,284	)		17,592,206
Total assets		195,539,637		51,632,485		75,748,241		322,920,363		61,789			322,982,152
Depreciation and amortization		18,011,790		6,076,042		3,554,390		27,642,222		-			27,642,222
Capital expenditures		5,414,738		1,123,873		-		6,538,611		-			6,538,611

Year Ended December 31, 2013	Bromine *		Crude Salt *		Chemical Products		Segment Total		Corporate			Total
Net revenue (external customers)	$	60,488,886	$	13,790,128	$	44,112,769	$	118,391,783	$	-		$	118,391,783
Net revenue (intersegment)		2,947,350		-		-		2,947,350		-			2,947,350
Income (loss) from operations before taxes		13,152,092		3,831,272		13,371,119		30,354,483		(1,910,990	)		28,443,493
Income taxes		3,459,256		785,879		3,362,548		7,607,683		-			7,607,683
Income (loss) from operations after taxes		9,692,836		3,045,393		10,008,571		22,746,800		(1,910,990	)		20,835,810
Total assets		181,490,011		61,138,301		66,479,395		309,107,707		137,098			309,244,805
Depreciation and amortization		17,384,351		6,547,844		3,528,498		27,460,693		-			27,460,693
Capital expenditures		2,780,023		406,586		6,072		3,192,681		-			3,192,681
Write-off / Impairment		24,503		3,247		214		27,964		-			27,964

Schedule of segment costs

	Years ended December 31,
Reconciliations	2014			2013

Total segment operating income	$	24,652,505		$	30,354,483
Corporate costs		(834,284	)		(1,910,990	)
Income from operations		23,818,221			28,443,493
Other income		279,589			131,548
Income before taxes	$	24,097,810		$	28,575,041

Schedule of major customers

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	$	8,519	$	2,576	$	6,477	$	17,572		15.5%
TOTAL			$	8,519	$	2,576	$	6,477	$	17,572		15.5%

The following table shows the major customer(s) (10% or more) for the year ended December 31, 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	$	6,955	$	3,520	$	4,556	$	15,031		12.7%
TOTAL			$	6,955	$	3,520	$	4,556	$	15,031		12.7%

- 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