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14. BUSINESS SEGMENTS (Tables)

9 Months Ended

Sep. 30, 2017

Segment Reporting [Abstract]

Schedule of segment operating income

Three-Month Period Ended September 30, 2017		Bromine*				Crude  Salt*				Chemical  Products				Natural Gas			Segment  Total					Corporate								Total
Net revenue (external customers)		$	9,549,777			$	2,054,729			$	12,235,885		$	-			$	23,840,391					$	-							$	23,840,391
Net revenue (intersegment)			1,216,406				-				-			-				1,216,406						-								1,216,406
Income from operations before taxes			2,257,069				497,783				3,176,458			(33,184	)			5,898,126						(1,062,874			)					4,835,252
Income taxes			564,267				117,494				827,560			-				1,509,321						-								1,509,321
Income from operations after taxes			1,692,802				380,289				2,348,898			(33,184	)			4,388,805						(1,062,874			)					3,325,931
Total assets			161,722,622				36,586,589				202,404,825			1,815,010				402,529,046						40,136								402,569,182
Depreciation and amortization			3,556,296				765,183				911,235			-				5,232,714						-								5,232,714
Capital expenditures			466,636				95,864				-			1,260				563,760						-								563,760
Goodwill			-				-				28,920,005			-				28,920,005						-								28,920,005
Three-Month Period Ended September 30, 2016		Bromine*				Crude  Salt*				Chemical  Products				Natural Gas			Segment  Total						Corporate								Total
Net revenue (external customers)		$	15,971,847			$	2,310,799			$	20,528,976		$	-			$		38,811,622				$		-						$	38,811,622
Net revenue (intersegment)			2,008,397				-				-			-					2,008,397						-							2,008,397
Income from operations before taxes			7,898,302				(382,917	)			6,442,708			(2,476	)				13,955,617						583							13,956,200
Income taxes			1,974,576				(97,982	)			1,641,935			-					3,518,529						-							3,518,529
Income from operations after taxes			5,923,726				(284,935	)			4,800,773			(2,476	)				10,437,088						583							10,437,671
Total assets			150,950,225				32,757,666				192,128,326			1,687,960					377,524,177						183,416							377,707,593
Depreciation and amortization			3,121,243				1,315,140				1,080,975			-					5,517,358						-							5,517,358
Capital expenditures			12,890,713				2,336,309				-			651,295					15,878,317						-							15,878,317
Goodwill			-				-				28,743,418			-					28,743,418						-							28,743,418

Nine-Month Period Ended September 30, 2017		Bromine*				Crude  Salt*				Chemical  Products				Natural Gas		Segment  Total					Corporate					Total
Net revenue (external customers)		$	41,895,304			$	6,390,390			$	55,875,179		$	-		$	104,160,873				$	-				$	104,160,873
Net revenue (intersegment)			6,305,642				-				-			-			6,305,642					-					6,305,642
Income (loss) from operations before taxes			17,269,984				2,434,872				16,441,115			(90,471	)		36,055,500					(1,924,779		)			34,130,721
Income taxes			4,358,455				586,240				4,207,902			-			9,152,597					-					9,152,597
Income (loss) from operations after taxes			12,911,529				1,848,632				12,233,213			(90,471	)		26,902,903					(1,924,779		)			24,978,124
Total assets			161,722,622				36,586,589				202,404,825			1,815,010			402,529,046					40,136					402,569,182
Depreciation and amortization			11,349,477				1,843,856				2,848,670			-			16,042,003					-					16,042,003
Capital expenditures			466,636				95,864				61,235			-			623,735					-					623,735
Goodwill			-				-				28,920,005			-			28,920,005					-					28,920,005
Nine-Month Period Ended September 30, 2016		Bromine*				Crude  Salt*				Chemical  Products				Natural Gas		Segment  Total					Corporate					Total
Net revenue (external customers)		$	47,621,980			$	6,383,095			$	66,902,764		$	-		$		120,907,839			$		-			$	120,907,839
Net revenue (intersegment)			6,501,530				-				-			-				6,501,530					-				6,501,530
Income (loss) from operations before taxes			19,103,472				(165,403	)			20,698,116			(2,501	)			39,633,684					319,956				39,953,640
Income taxes			4,775,868				(46,369	)			5,267,123			-				9,996,622					-				9,996,622
Income (loss) from operations after taxes			14,327,604				(119,034	)			15,430,993			(2,501	)			29,637,062					319,956				29,957,018
Total assets			150,950,225				32,757,666				192,128,326			1,687,960				377,524,177					183,416				377,707,593
Depreciation and amortization			11,633,581				3,847,502				3,550,567			-				19,031,650					-				19,031,650
Capital expenditures			12,943,491				2,340,817				-			1,464,884				16,749,192					-				16,749,192
Goodwill			-				-				28,743,418			-				28,743,418					-				28,743,418

Schedule of segment costs

		Three-Month Period Ended September 30,								Nine-Month Period Ended September 30,
Reconciliations		2017				2016				2017				2016
Total segment operating income		$	5,898,126			$	13,955,617			$	36,055,500			$	39,633,684
Corporate costs			(526,421	)			(180,447	)			(784,416	)			(409,808	)
Unrealized translation difference			(536,453	)			181,030				(1,140,363	)			729,764
Income from operations			4,835,252				13,956,200				34,130,721				39,953,640
Other income, net of expense			99,709				78,042				274,314				222,678
Income before taxes		$	4,934,961			$	14,034,242			$	34,405,035			$	40,176,318

Schedule of major customers

The following table shows the major customer(s) (10% or more) for the three-month period ended September 30, 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		$	1,938			$	809			$	695			$	3,442				14.4%

The following table shows the major customer(s) (10% or more) for the nine-month period ended September 30, 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		$	7,643			$	2,059			$	3,463			$	13,165				12.6%

The following table shows the major customer(s) (10% or more) for the three-month period ended September 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		$	2,538			$	747			$	1,324			$	4,609				11.9%

The following table shows the major customer(s) (10% or more) for the nine-month period ended September 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		$	8,230			$	1,919			$	4,321			$	14,470				12.0%

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