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15. BUSINESS SEGMENTS (Tables)

6 Months Ended

Jun. 30, 2016

Segment Reporting [Abstract]

Schedule of segment operating income

Three-Month Period Ended June 30, 2016		Bromine*				Crude  Salt*				Chemical  Products				Natural Gas				Segment  Total				Corporate				Total
Net revenue (external customers)		$	18,480,605			$	2,305,688			$	26,814,474			$	-			$	47,600,767			$	-			$	47,600,767
Net revenue (intersegment)			2,670,931				-				-				-				2,670,931				-				2,670,931
Income(loss) from operations before taxes			8,199,652				(10,099	)			8,531,677				(25	)			16,721,205				609,917				17,331,122
Income taxes			1,810,252				235,779				2,164,391				-				4,210,422				-				4,210,422
Income (loss) from operations after taxes			6,389,400				(245,878	)			6,367,286				(25	)			12,510,783				609,917				13,120,700
Total assets			149,221,327				30,673,443				193,703,787				1,058,651				374,657,208				118,573				374,775,781
Depreciation and amortization			4,144,546				1,339,696				1,160,329				-				6,644,571				-				6,644,571
Capital expenditure			-				-				-				813,589				813,589				-				813,589
Goodwill			-				-				28,944,958				-				28,944,958				-				28,944,958

Three-Month Period Ended June 30, 2015		Bromine*				Crude  Salt*				Chemical  Products				Natural Gas				Segment  Total				Corporate				Total
Net revenue (external customers)		$	15,092,861			$	2,909,342			$	31,347,867			$	-			$	49,350,070			$	-			$	49,350,070
Net revenue (intersegment)			2,518,562				-				-				-				2,518,562				-				2,518,562
Income (loss) from operations before taxes			4,505,928				(4,027	)			10,765,654				-				15,267,555				(706,166	)			14,561,389
Income taxes			951,896				171,681				2,719,721				-				3,843,298				-				3,843,298
Income (loss) from operations after taxes			3,554,032				(175,708	)			8,045,933				-				11,424,257				(706,166	)			10,718,091
Total assets			142,221,356				40,055,235				186,715,430				-				368,992,021				33,732				369,025,753
Depreciation and amortization			4,501,603				1,589,490				1,436,588				-				7,527,681				-				7,527,681
Capital expenditure			-				-				-				-				-				-				-
Goodwill			-				-				31,396,066				-				31,396,066				-				31,396,066

Six-Month Period Ended June 30, 2016		Bromine*				Crude  Salt*				Chemical  Products				Natural Gas				Segment  Total				Corporate				Total
Net revenue (external customers)		$	31,650,133			$	4,072,296			$	46,373,788			$	-			$	82,096,217			$	-			$	82,096,217
Net revenue (intersegment)			4,493,133				-				-				-				4,493,133				-				4,493,133
Income(loss) from operations before taxes			11,205,170				217,514				14,255,408				(25	)			25,678,067				319,373				25,997,440
Income taxes			2,553,622				299,283				3,625,188				-				6,478,093				-				6,478,093
Income (loss) from operations after taxes			8,651,548				(81,769	)			10,630,220				(25	)			19,199,974				319,373				19,519,347
Total assets			149,221,327				30,673,443				193,703,787				1,058,651				374,657,208				118,573				374,775,781
Depreciation and amortization			8,512,338				2,532,362				2,469,592				-				13,514,292				-				13,514,292
Capital expenditure			52,777				4,509				-				813,589				870,875				-				870,875
Goodwill			-				-				28,944,958				-				28,944,958				-				28,944,958

Six-Month Period Ended June 30, 2015		Bromine*				Crude  Salt*				Chemical  Products				Natural Gas				Segment  Total				Corporate				Total
Net revenue (external customers)		$	26,126,110			$	4,873,073			$	53,261,716			$	-			$	84,260,899			$	-			$	84,260,899
Net revenue (intersegment)			4,024,239				-				-				-				4,024,239				-				4,024,239
Income (loss) from operations before taxes			4,642,886				183,509				17,812,394				-				22,638,789				(966,749	)			21,672,040
Income taxes			1,027,302				180,738				4,506,746				-				5,714,786				-				5,714,786
Income (loss) from operations after taxes			3,615,584				2,771				13,305,648				-				16,924,003				(966,749	)			15,957,254
Total assets			142,221,356				40,055,235				186,715,430				-				368,992,021				33,732				369,025,753
Depreciation and amortization			9,236,903				2,990,787				2,678,979				-				14,906,669				-				14,906,699
Capital expenditure			-				-				-				-				-				-				-
Goodwill			-				-				31,396,066				-				31,396,066				-				31,396,066

* 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		2016				2015				2016				2015
Total segment operating income		$	16,721,205			$	15,267,555			$	25,678,067			$	22,638,789
Corporate costs			(69,279	)			(580,515	)			(229,361	)			(942,457	)
Unrealized gain/(loss) on translation of intercompany balance			679,196				(125,651	)			548,734				(24,292	)
Income from operations			17,331,122				14,561,389				25,997,440				21,672,040
Other income, net of expense			76,319				57,169				144,636				133,277
Income before taxes		$	17,407,441			$	14,618,558			$	26,142,076			$	21,805,317

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		$	3,269			$	686			$	1,696			$	5,651				11.9	%

The following table shows the major customer(s) (10% or more) for the six-month period ended June 30, 2016.

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		$	5,692			$	1,172			$	2,997			$	9,861				12.0	%

The following table shows the major customer(s) (10% or more) for the three-month period ended June 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		$	2,382			$	731			$	1,973			$	5,086				10.3	%

The following table shows the major customer(s) (10% or more) for the six-month period ended June 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		$	4,072			$	1,195			$	3,684			$	8,951				10.6	%

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