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13. BUSINESS SEGMENTS (Tables) | 3 Months Ended
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Mar. 31, 2018
Segment Reporting [Abstract] |
Schedule of segment operating income |
Three-Month Period Ended March 31, 2018 |  | Bromine * |  |  | Crude Salt * |  |  | Chemical Products |  | Natural Gas |  |  | Segment Total |  |  | Corporate |  |  | Total |
Net revenue (external customers) |  | $ | - |  |  | $ | 1,638,493 |  |  | $ | 608,774 |  | $ | - |  |  | $ | 2,247,267 |  |  | $ | - |  |  | $ | 2,247,267 |
Net revenue (intersegment) |  |  | - |  |  |  | - |  |  |  | - |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Income (loss) from operations before income taxes (benefit) |  |  | (5,590,555 | ) |  |  | (807,884 | ) |  |  | (674,771 | ) |  | (35,655 | ) |  |  | (7,108,865 | ) |  |  | (1,188,115 | ) |  |  | (8,296,980 | )
Income tax expense (benefit) |  |  | (1,391,152 | ) |  |  | (201,971 | ) |  |  | 399,377 |  |  | - |  |  |  | (1,193,746 | ) |  |  | - |  |  |  | (1,193,746 | )
Income (loss) from operations after income taxes (benefit) |  |  | (4,199,403 | ) |  |  | (605,913 | ) |  |  | (1,074,148 | ) |  | (35,655 | ) |  |  | (5,915,119 | ) |  |  | (1,188,115 | ) |  |  | (7,103,234 | )
Total assets |  |  | 149,458,703 |  |  |  | 52,746,108 |  |  |  | 192,807,722 |  |  | 2,162,119 |  |  |  | 397,174,652 |  |  |  | 165,315 |  |  |  | 397,339,967 |
Depreciation and amortization |  |  | 3,719,712 |  |  |  | 913,350 |  |  |  | 124,468 |  |  | - |  |  |  | 4,757,530 |  |  |  | - |  |  |  | 4,757,530 |
Capital expenditures |  |  | 93,174 |  |  |  | 14,179 |  |  |  | - |  |  | 14,357 |  |  |  | 121,710 |  |  |  | - |  |  |  | 121,710 |
Goodwill |  |  | - |  |  |  | - |  |  |  | 30,524,646 |  |  | - |  |  |  | 30,524,646 |  |  |  | - |  |  |  | 30,524,646 |
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 income 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 income 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 |  |  | 3,998,581 |  |  |  | 454,447 |  |  |  | 986,070 |  |  | - |  |  |  | 5,439,098 |  |  |  | - |  |  |  | 5,439,098 |
Capital expenditures |  |  | - |  |  |  | - |  |  |  | - |  |  | 59,975 |  |  |  | 59,975 |  |  |  | - |  |  |  | 59,975 |
Goodwill |  |  | - |  |  |  | - |  |  |  | 27,820,174 |  |  | - |  |  |  | 27,820,174 |  |  |  | - |  |  |  | 27,820,174 |
* 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 |  |  |  |  |  |  |  | 2018 |  |  | 2017 |
Total segment operating income (loss) |  |  |  |  |  |  |  |  |  | $ | (7,108,865 | ) |  | $ | 11,080,240 |  |
Corporate costs |  |  |  |  |  |  |  |  |  |  | (129,263 | ) |  |  | (129,988 | ) |
Unrealized loss on translation of intercompany balance |  |  |  |  |  |  |  |  |  |  | (1,058,852 | ) |  |  | (137,255 | ) |
Income (loss) from operations |  |  |  |  |  |  |  |  |  |  | (8,296,980 | ) |  |  | 10,812,997 |  |
Other income |  |  |  |  |  |  |  |  |  |  | 126,134 |  |  |  | 83,949 |  |
Income (loss) before income taxes |  |  |  |  |  |  |  |  |  | $ | (8,170,846 | ) |  | $ | 10,896,946 |  |
Schedule of major customers | The following table shows the major customer(s) (10% or more) for the three-month period ended March 31, 2018.
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 | $ - |  | $ 534 |  | $ 155 |  | $ 689 |  | 30.6%
2 |  | Shandong Brother Technology Limited, Kuerle Xingdong Trading Limited | $ - |  | $ 670 |  | $ - |  | $ 670 |  | 29.8%
3 |  | Shouguang Weidong Chemical Company Limited | $ - |  | $ 435 |  | $ - |  | $ 435 |  | 19.3%
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%

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