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14. BUSINESS SEGMENTS (Tables)

6 Months Ended

Jun. 30, 2018

Segment Reporting [Abstract]

Schedule of segment operating income

Three-Month Period Ended June 30, 2018		Bromine*				Crude  Salt*				Chemical  Products				Natural Gas				Segment  Total				Corporate				Total
Net revenue (external customers)		$	—			$	—			$	4,594			$	—			$	4,594			$	—			$	4,594
Net revenue (intersegment)			—				—				—				—				—				—				—
Income(loss) from operations before income taxes(benefit)			(5,577,272	)			(1,731,592	)			(727,595	)			(45,295	)			(8,081,754	)			1,250,147				(6,831,607	)
Income taxes expense (benefit)			(1,579,514	)			(240,367	)			(63,360	)			—				(1,883,241	)			—				(1,883,241	)
Income (loss) from operations after income taxes(benefit)			(3,997,758	)			(1,491,225	)			(664,235	)			(45,295	)			(6,198,513	)			1,250,147				(4,948,366	)
Total assets			138,510,016				47,572,477				182,669,040				2,011,378				370,762,911				80,818				370,843,729
Depreciation and amortization			4,018,318				611,499				124,167				—				4,753,984				—				4,753,984
Capital expenditures			7,813,714				1,189,075				1,192,963				16,259				10,212,011								10,212,011
Goodwill			—				—				29,010,218				—				29,010,218				—				29,010,218

Three-Month Period Ended June 30, 2017		Bromine*				Crude  Salt*				Chemical   Products				Natural Gas				Segment   Total				Corporate				Total
Net revenue (external customers)		$	18,423,133			$	2,521,883			$	26,586,973			$	—			$	47,531,989			$	—			$	47,531,989
Net revenue (intersegment)			2,910,743				—				—				—				2,910,743				—				2,910,743
Income(loss) from operations before income taxes			9,740,981				1,051,202				8,318,480				(33,529	)			19,077,134				(594,662	)			18,482,472
Income taxes			2,464,085				245,164				2,112,201				—				4,821,450				—				4,821,450
Income (loss) from operations after income taxes			7,276,896				806,038				6,206,279				(33,529	)			14,255,684				(594,662	)			13,661,022
Total assets			162,696,276				32,749,355				207,885,555				1,819,284				405,150,470				114,373				405,264,843
Depreciation and amortization			3,794,600				624,226				951,364				—				5,370,190				—				5,370,190
Goodwill			—				—				28,332,661				—				28,332,661				—				28,332,661

Six-Month Period Ended June 30, 2018		Bromine*				Crude  Salt*				Chemical  Products				Natural Gas				Segment  Total				Corporate				Total
Net revenue (external customers)		$	—			$	1,638,493			$	613,368			$	—			$	2,251,861			$	—			$	2,251,861
Net revenue (intersegment)			—				—				—				—				—				—				—
Income(loss) from operations before income taxes (benefit)			(11,167,828	)			(2,539,475	)			(1,402,366	)			(80,950	)			(15,190,619	)			62,032				(15,128,587	)
Income taxes expense (benefit)			(2,970,666	)			(442,338	)			336,017				—				(3,076,987	)			—				(3,076,987	)
Income (loss) from operations after income taxes(benefit)			(8,197,162	)			(2,097,137	)			(1,738,383	)			(80,950	)			(12,113,632	)			62,032				(12,051,600	)
Total assets			138,510,016				47,572,477				182,669,040				2,011,378				370,762,911				80,818				370,843,729
Depreciation and amortization			7,738,030				1,524,850				248,635				—				9,511,515				—				9,511,515
Capital expenditures			7,906,888				1,203,254				1,192,963				30,616				10,333,721								10,333,721
Goodwill			—				—				29,010,218				—				29,010,218				—				29,010,218

Six-Month Period Ended June 30, 2017		Bromine*				Crude  Salt*				Chemical  Products				Natural Gas				Segment  Total				Corporate				Total
Net revenue (external customers)		$	32,345,527			$	4,335,661			$	43,639,294			$	—			$	80,320,482			$	—			$	80,320,482
Net revenue (intersegment)			5,089,236				—				—				—				5,089,236				—				5,089,236
Income(loss) from operations before income taxes			15,012,915				1,937,089				13,264,657				(57,287	)			30,157,374				(861,905	)			29,295,469
Income taxes			3,794,188				468,746				3,380,342				—				7,643,276				—				7,643,276
Income (loss) from operations after income taxes			11,218,727				1,468,343				9,884,315				(57,287	)			22,514,098				(861,905	)			21,652,193
Total assets			162,696,276				32,749,355				207,885,555				1,819,284				405,150,470				114,373				405,264,843
Depreciation and amortization			7,793,181				1,078,673				1,937,435				—				10,809,289				—				10,809,289
Goodwill			—				—				28,332,661				—				28,332,661				—				28,332,661

Schedule of segment costs

		Three-Month Period Ended June 30,								Six-Month Period Ended June 30,
Reconciliations		2018				2017				2018				2017
Total segment operating income (loss)		$	(8,081,754	)		$	19,077,134			$	(15,190,619	)		$	30,157,374
Corporate costs			(153,791	)			(128,007	)			(283,054	)			(257,995	)
Unrealized gain/(loss) on translation of intercompany balance			1,403,938				(466,655	)			345,086				(603,910	)
Income (loss) from operations			(6,831,607	)			18,482,472				(15,128,587	)			29,295,469
Other income, net of expense			135,493				90,656				261,627				174,605
Income (loss) before income taxes		$	(6,696,114	)		$	18,573,128			$	(14,866,960	)		$	29,470,074

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	$ —		$ 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%

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	$ 5,705		$ 1,251		$ 2,768		$  9,724		12.1%

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