XML 83 R38.htm IDEA: XBRL DOCUMENT

15. BUSINESS SEGMENTS (Tables)

9 Months Ended

Sep. 30, 2015

Segment Reporting [Abstract]

Schedule of segment operating income

Three-Month Period Ended September 30, 2015		Bromine*				Crude Salt*				Chemical Products				Segment Total				Corporate				Total
Net revenue (external customers)		$	14,940,666			$	3,032,201			$	24,628,731			$	42,601,598			$	-			$	42,601,598
Net revenue (intersegment)			2,330,808				-				-				2,330,808				-				2,330,808
Income from operations before taxes			4,307,709				351,251				8,393,184				13,052,144				851,014				13,903,158
Income taxes			932,211				231,354				2,126,807				3,290,372				-				3,290,372
Income from operations after taxes			3,375,498				119,897				6,266,377				9,761,772				851,014				10,612,786
Total assets			142,874,828				42,858,017				181,468,875				367,201,720				38,165				367,239,885
Depreciation and amortization			3,961,290				1,680,827				1,405,726				7,047,843				-				7,047,843
Capital expenditures			2,365,417				427,283				-				2,792,700				-				2,792,700

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

Nine-Month Period Ended September 30, 2015		Bromine*				Crude Salt*				Chemical Products				Segment Total				Corporate				Total
Net revenue (external customers)		$	41,066,776			$	7,905,274			$	77,890,447			$	126,862,497			$	-			$	126,862,497
Net revenue (intersegment)			6,355,047				-				-				6,355,047				-				6,355,047
Income (loss) from operations before taxes			8,950,595				534,760				26,205,578				35,690,933				(115,735	)			35,575,198
Income taxes			1,959,513				412,092				6,633,553				9,005,158				-				9,005,158
Income (loss) from operations after taxes			6,991,082				122,668				19,572,025				26,685,775				(115,735	)			26,570,040
Total assets			142,874,828				42,858,017				181,468,875				367,201,720				38,165				367,239,885
Depreciation and amortization			13,198,194				4,671,613				4,084,705				21,954,512				-				21,954,512
Capital expenditures			2,365,417				427,283				-				2,792,700				-				2,792,700

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

Schedule of segment costs

		Three-Month Period Ended September 30,								Nine-Month Period Ended September 30,
Reconciliations		2015				2014				2015				2014
Total segment operating income		$	13,052,144			$	6,861,594			$	35,690,933			$	19,966,706
Corporate costs			(210,707	)			(165,386	)			(1,153,164	)			(375,929	)
Unrealized translation difference			1,061,721				(1,619	)			1,037,429				237,028
Income from operations			13,903,158				6,694,589				35,575,198				19,827,805
Other income, net of expense			66,636				76,675				199,913				197,181
Income before taxes		$	13,969,794			$	6,771,264			$	35,775,111			$	20,024,986

Schedule of major customers

The following table shows the major customer(s) (10% or more) for the three-month period ended September 30, 2015.

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		$	2,059			$	852			$	2,085			$	4,996				11.7%
TOTAL					$	2,059			$	852			$	2,085			$	4,996				11.7%

The following table shows the major customer(s) (10% or more) for the nine-month period ended September 30, 2015.

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		$	6,130			$	2,047			$	5,769			$	13,946				11.0%
TOTAL					$	6,130			$	2,047			$	5,769			$	13,946				11.0%

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%