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15. BUSINESS SEGMENTS (Tables)

6 Months Ended

Jun. 30, 2019

Segment Reporting [Abstract]

Schedule of segment operating income

Three-Month Period Ended June 30, 2019		Bromine*				Crude  Salt*				Chemical  Products				Natural Gas			Segment  Total				Corporate				Total
Net revenue (external customers)		$	5,751,164			$	245,079			$	-		$	13,166			$	6,009,409			$	-			$	6,009,409
Net revenue (intersegment)
Income(loss) from operations before income tax benefit			(36,713)				(828,736)				(656,424)			(61,401)				(1,583,274)				385,108				(1,198,166)
Income tax benefit			9,540				215,360				141,083			-				365,983				-				365,983
Income(loss) from operations after income tax benefit			(27,173)				(613,376)				(515,341)			(61,401)				(1,217,291)				385,108				(832,183)
Total assets			169,870,183				29,241,474				128,641,174			1,773,689				329,526,520				37,207				329,563,727
Depreciation and amortization			2,476,960				958,352				116,240			36,080				3,587,632				-				3,587,632
Capital expenditures			10,857,541				644,197				-			-				11,501,738				-				11,501,738

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 tax benefit			(5,577,272	)			(1,731,592	)			(727,595	)		(45,295	)			(8,081,754	)			1,250,147				(6,831,607	)
Income tax benefit			1,579,514				240,367				63,360			-				1,883,241				-				1,883,241
Income (loss) from operations after income tax 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

* 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.

Six-Month Period Ended June 30, 2019		Bromine*				Crude  Salt*				Chemical  Products				Natural Gas			Segment  Total				Corporate				Total
Net revenue (external customers)		$	5,751,164			$	245,079			$	-		$	51,736			$	6,047,979			$	-			$	6,047,979
Net revenue (intersegment)
Loss from operations before income tax benefit			(3,661,727)				(2,240,545)				(1,329,974)			(103,384)				(7,335,630)				(258,566)				(7,594,196)
Income tax benefit			906,887				568,312				285,921			-				1,761,120				-				1,761,120
Loss from operations after income tax benefit			(2,754,840)				(1,672,233)				(1,044,053)			(103,384)				(5,574,510)				(258,566)				(5,833,076)
Total assets			169,870,183				29,241,474				128,641,174			1,773,689				329,526,520				37,207				329,563,727
Depreciation and amortization			4,595,037				2,063,460				233,628			72,755				6,964,880				-				6,964,880
Capital expenditures			10,857,541				644,197				-			-				11,501,738				-				11,501,738

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 tax benefit			(11,167,828	)			(2,539,475	)			(1,402,366	)		(80,950	)			(15,190,619	)			62,032				(15,128,587	)
Income tax benefit			2,970,666				442,338				(336,017	)		-				3,076,987				-				3,076,987
Income (loss) from operations after income tax 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

* 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 the respective segment.

Schedule of segment costs

		Three-Month Period Ended June 30,								Six-Month Period Ended June 30,
Reconciliations		2019				2018				2019				2018
Total segment operating loss		$	(1,583,274)			$	(8,081,754)			$	(7,335,630)			$	(15,190,619)
Corporate costs			(162,547)				(153,791)				(302,993)				(283,054)
Unrealized gain on translation of intercompany balance			547,655				1,403,938				44,427				345,086
Loss from operations			(1,198,166)				(6,831,607)				(7,594,196)				(15,128,587)
Other income, net of expense			94,477				135,493				191,232				261,627
Loss before taxes		$	(1,103,689)			$	(6,696,114)			$	(7,402,964)			$	(14,866,960)

Schedule of major customers

The following table shows the major customer(s) (10% or more) for the three-month period ended June 30, 2019.

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		$	1,360			$	72			$	-			$	1,432				23.9	%
	2			Shouguang Weidong Chemical Company Limited		$	1,100			$	70			$	-			$	1,170				19.5	%
	3			Shandong Brother Technology Limited, Kuerle Xingdong Trading Limited		$	1,039			$	102			$	-			$	1,141				19	%
	4			Shandong shouguang shenrunfa ocean Chemical Company Limited		$	772			$	-			$	-			$	772				12.9	%

The following table shows the major customer(s) (10% or more) for the six-month period ended June 30, 2019.

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		$	1,360			$	72			$	-			$	1,432				23.9	%
	2			Shouguang Weidong Chemical Company Limited		$	1,100			$	70			$	-			$	1,170				19.5	%
	3			Shandong Brother Technology Limited, Kuerle Xingdong Trading Limited		$	1,039			$	102			$	-			$	1,141				19	%
	4			Shandong shouguang shenrunfa ocean Chemical Company Limited		$	772			$	-			$	-			$	772				12.9	%

The following table shows the major customer(s) (10% or more) for the six-month period ended June 30, 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	%

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