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13. BUSINESS SEGMENTS (Tables)

3 Months Ended

Mar. 31, 2017

Segment Reporting [Abstract]

Schedule of segment operating income

Three-Month Period Ended March 31, 2017		Bromine *				Crude  Salt *				Chemical  Products			Natural Gas				Segment  Total				Corporate				Total
Net revenue (external customers)		$	13,922,394			$	1,813,778			$	17,052,321		$	-			$	32,788,493			$	-			$	32,788,493
Net revenue (intersegment)			2,178,493				-				-			-				2,178,493				-				2,178,493
Income (loss) from operations before taxes			5,271,933				885,888				4,946,177			(23,758	)			11,080,240				(267,243	)			10,812,997
Income taxes			1,330,103				223,582				1,268,141			-				2,821,826				-				2,821,826
Income (loss) from operations after taxes			3,941,830				662,306				3,678,036			(23,758	)			8,258,414				(267,243	)			7,991,171
Total assets			155,178,113				28,641,633				192,675,503			1,802,854				378,298,103				37,109				378,335,212
Depreciation and amortization			3,390,400				454,447				986,070			-				5,439,098				-				5,439,098
Goodwill			-				-				27,820,174			-				27,820,174				-				27,820,174

Three-Month Period Ended March 31, 2016		Bromine *				Crude  Salt *				Chemical  Products			Natural Gas				Segment  Total				Corporate				Total
Net revenue (external customers)		$	13,169,528			$	1,766,608			$	19,559,314		$	-			$	34,495,450			$	-			$	34,495,450
Net revenue (intersegment)			1,822,202				-				-			-				1,822,202				-				1,822,202
Income (loss) from operations before taxes			3,005,518				227,613				5,723,731			-				8,956,862				(290,544	)			8,666,318
Income taxes			743,370				63,504				1,460,797			-				2,267,671				-				2,267,671
Income (loss) from operations after taxes			2,262,148				164,109				4,262,934			-				6,689,191				(290,544	)			6,398,647
Total assets			150,811,432				30,335,316				185,961,792			-				367,108,540				36,152				367,144,692
Depreciation and amortization			4,367,792				1,192,666				1,309,263			-				6,869,721				-				6,869,721
Goodwill			-				-				29,706,970			-				29,706,970				-				29,706,970

* 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 March 31,
Reconciliations					2017				2016
Total segment operating income					$	11,080,240			$	8,956,862
Corporate costs						(129,988	)			(160,082	)
Unrealized loss on translation of intercompany balance						(137,255	)			(130,462	)
Income from operations						10,812,997				8,666,318
Other income						83,949				68,317
Income before taxes					$	10,896,946			$	8,734,635

Schedule of major customers

The following table shows the major customer(s) (10% or more) for the three-month period ended March 31, 2017.

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	$ 2,594		$ 497		$ 1,085		$  4,176		12.7%

The following table shows the major customer(s) (10% or more) for the three-month period ended March 31, 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	$ 2,422		$ 487		$ 1,301		$  4,210		12.2%

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