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15. BUSINESS SEGMENTS (Tables)

3 Months Ended

Mar. 31, 2019

Segment Reporting [Abstract]

Schedule of segment operating income

Three-Month Period Ended March 31, 2019		Bromine *				Crude  Salt *				Chemical  Products				Natural Gas				Segment  Total				Corporate				Total
Net revenue (external customers)		$	—			$	—			$	—			$	38,570			$	38,570			$	—			$	38,570
Net revenue (intersegment)			—				—				—				—				—				—				—
Loss from operations before income taxes benefit			(3,625,014	)			(1,411,809	)			(673,550	)			(41,983	)			(5,752,356	)			(643,674	)			(6,396,030	)
Income tax benefit			(897,347	)			(352,952	)			(144,838	)			—				(1,395,137	)			—				(1,395,137	)
Loss from operations after income taxes benefit			(2,727,667	)			(1,058,857	)			(528,712	)			(41,983	)			(4,357,219	)			(643,674	)			(5,000,893	)
Total assets			124,257,161				38,212,093				146,602,776				1,888,494				310,960,524				19,094				310,979,618
Depreciation and amortization			2,118,077				1,105,108				117,388				36,676				3,377,249				—				3,377,249
Capital expenditures			2,528,111				—				—				—				2,528,111				—				2,528,111

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

Schedule of segment costs

		Three-Month Period Ended March 31,
Reconciliations		2019				2018
Total segment operating income (loss)		$	(5,752,356	)		$	(7,108,865	)
Corporate costs			(140,446	)			(129,263	)
Unrealized loss on translation of intercompany balance			(503,228	)			(1,058,852	)
Loss from operations			(6,396,030	)			(8,296,980	)
Other income			96,755				126,134
Loss before income taxes		$	(6,299,275	)		$	(8,170,846	)

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	%

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