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BUSINESS SEGMENTS (Tables) | 6 Months Ended
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Jun. 30, 2022
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information, by Segment [Table Text Block] |
Three-Month Period Ended June 30, 2022 |  | Bromine* |  | Crude Salt* |  | Chemical Products |  | Natural Gas |  | Segment Total |  | Corporate |  | Total
Net revenue (external customers) |  | $ | 13,893,810 |  |  | $ | 1,817,904 |  |  | $ | — |  |  | $ | — |  |  | $ | 15,711,714 |  |  | $ | — |  |  | $ | 15,711,714 |
Net revenue (intersegment) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Income(loss) from operations before income tax benefit |  |  | 5,325,541 |  |  |  | 142,968 |  |  |  | (475,201 | ) |  |  | (61,699 | ) |  |  | 4,931,609 |  |  |  | 177,554 |  |  |  | 5,109,163 |
Income tax benefit (expense) |  |  | (1,320,295 | ) |  |  | (36,105 | ) |  |  | 106,779 |  |  |  | — |  |  |  | (1,249,621 | ) |  |  | — |  |  |  | (1,249,621 | )
Income (loss) from operations after income tax benefit (expense) |  |  | 4,005,246 |  |  |  | 106,863 |  |  |  | (368,422 | ) |  |  | (61,699 | ) |  |  | 3,681,988 |  |  |  | 177,554 |  |  |  | 3,859,542 |
Total assets |  |  | 171,553,183 |  |  |  | 10,002,720 |  |  |  | 115,217,810 |  |  |  | 1,495,588 |  |  |  | 298,269,301 |  |  |  | 343,808 |  |  |  | 298,613,109 |
Depreciation and amortization |  |  | 3,917,178 |  |  |  | 1,245,853 |  |  |  | 73,441 |  |  |  | 36,324 |  |  |  | 5,272,796 |  |  |  | — |  |  |  | 5,272,796 |
Capital expenditures |  |  | 32,822,927 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 32,822,927 |  |  |  | — |  |  |  | 32,822,927 |
Three-Month Period Ended June 30, 2021 |  | Bromine* |  | Crude Salt* |  | Chemical Products |  | Natural Gas |  | Segment Total |  | Corporate |  | Total
Net revenue (external customers) |  | $ | 10,025,438 |  |  | $ | 1,122,570 |  |  | $ | — |  |  | $ | — |  |  | $ | 11,148,008 |  |  | $ | — |  |  | $ | 11,148,008 |
Net revenue (intersegment) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Income(loss) from operations before income tax benefit (expense) |  |  | 2,682,233 |  |  |  | (578,435 | ) |  |  | (741,312 | ) |  |  | (62,850 | ) |  |  | 1,299,636 |  |  |  | (3,682,445 | ) |  |  | (2,382,809 | )
Income tax benefit (expense) |  |  | (672,696 | ) |  |  | 145,070 |  |  |  | 171,146 |  |  |  | — |  |  |  | (356,480 | ) |  |  | — |  |  |  | (356,480 | )
Income (loss) from operations after income tax benefit (expense) |  |  | 2,009,537 |  |  |  | (433,365 | ) |  |  | (570,166 | ) |  |  | (62,850 | ) |  |  | 943,156 |  |  |  | (3,682,445 | ) |  |  | (2,739,289 | )
Total assets |  |  | 138,872,887 |  |  |  | 32,840,392 |  |  |  | 122,381,338 |  |  |  | 1,846,367 |  |  |  | 295,940,984 |  |  |  | 484,076 |  |  |  | 296,425,060 |
Depreciation and amortization |  |  | 2,610,442 |  |  |  | 1,403,262 |  |  |  | 68,874 |  |  |  | 37,929 |  |  |  | 4,120,507 |  |  |  | — |  |  |  | 4,120,507 |
Capital expenditures |  |  | — |  |  |  | — |  |  |  | 5,806,435 |  |  |  | — |  |  |  |  |  |  |  | — |  |  |  | 5,806,435 |
* 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 each respective segment through April 2022. Commencing May 2022, costs were assigned to the two subsidiaries (SCHC and SHSI) by independent accounting.
Six-Month Period Ended June 30, 2022 |  | Bromine* |  | Crude Salt* |  | Chemical Products |  | Natural Gas |  | Segment Total |  | Corporate |  | Total
Net revenue (external customers) |  | $ | 22,019,825 |  |  | $ | 2,571,948 |  |  | $ | — |  |  | $ | 50,678 |  |  | $ | 24,642,451 |  |  | $ | — |  |  | $ | 24,642,451 |
Net revenue (intersegment) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Income (loss) from operations before income tax benefit (expense) |  |  | 6,674,375 |  |  |  | (378,953 | ) |  |  | (988,483 | ) |  |  | (88,438 | ) |  |  | 5,218,501 |  |  |  | (174,425 | ) |  |  | 5,044,076 |
Income tax benefit (expense) |  |  | (1,662,456 | ) |  |  | 94,375 |  |  |  | 222,765 |  |  |  | — |  |  |  | (1,345,316 | ) |  |  | — |  |  |  | (1,345,316 | )
Loss from operations after income tax benefit (expense) |  |  | 5,011,919 |  |  |  | (284,578 | ) |  |  | (765,718 | ) |  |  | (88,438 | ) |  |  | 3,873,185 |  |  |  | (174,425 | ) |  |  | 3,698,760 |
Total assets |  |  | 171,553,183 |  |  |  | 10,002,720 |  |  |  | 115,217,810 |  |  |  | 1,495,588 |  |  |  | 298,269,301 |  |  |  | 343,808 |  |  |  | 298,613,109 |
Depreciation and amortization |  |  | 7,611,927 |  |  |  | 2,439,911 |  |  |  | 149,897 |  |  |  | 74,139 |  |  |  | 10,275,874 |  |  |  |  |  |  |  | 10,275,874 |
Capital expenditures |  |  | 33,217,987 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 33,217,987 |  |  |  | — |  |  |  | 33,217,987 |
Six-Month Period Ended June 30, 2021 |  | Bromine* |  | Crude Salt* |  | Chemical Products |  | Natural Gas |  | Segment Total |  | Corporate |  | Total
Net revenue (external customers) |  | $ | 14,836,428 |  |  | $ | 1,570,823 |  |  | $ | — |  |  | $ | — |  |  | $ | 16,407,251 |  |  | $ | — |  |  | $ | 16,407,251 |
Net revenue (intersegment) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Income (loss) from operations before income tax benefit |  |  | 1,402,668 |  |  |  | (1,588,020 | ) |  |  | (1,487,781 | ) |  |  | (117,637 | ) |  |  | (1,790,770 | ) |  |  | (3,873,463 | ) |  |  | (5,664,233 | )
Income tax benefit (expense) |  |  | (353,828 | ) |  |  | 397,466 |  |  |  | 343,591 |  |  |  | — |  |  |  | 387,229 |  |  |  | — |  |  |  | 387,229 |
Income (loss from operations after income tax benefit (expense) |  |  | 1,048,840 |  |  |  | (1,190,554 | ) |  |  | (1,144,190 | ) |  |  | (117,637 | ) |  |  | (1,403,541 | ) |  |  | (3,873,463 | ) |  |  | (5,277,004 | )
Total assets |  |  | 138,872,887 |  |  |  | 32,840,392 |  |  |  | 122,381,338 |  |  |  | 1,846,367 |  |  |  | 295,940,984 |  |  |  | 484,076 |  |  |  | 296,425,060 |
Depreciation and amortization |  |  | 5,531,131 |  |  |  | 2,480,722 |  |  |  | 137,481 |  |  |  | 75,530 |  |  |  | 8,224,864 |  |  |  | — |  |  |  | 8,224,864 |
Capital expenditures |  |  | — |  |  |  | — |  |  |  | 5,806,435 |  |  |  | — |  |  |  |  |  |  |  | — |  |  |  | 5,806,435 |
* 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 until April 2022. Commencing May 2022, costs were assigned to the two subsidiaries (SCHC and SHSI) by independent accounting.
Business Segments - Schedule of Segment Reconciliations |
|  | Three-Month Period Ended June 30, |  | Six-Month Period Ended June 30,
Reconciliations |  | 2022 |  | 2021 |  | 2022 |  | 2021
Total segment operating Income (loss) |  | $ | 4,931,609 |  |  | $ | 1,299,636 |  |  | $ | 5,218,501 |  |  | $ | (1,790,770 | )
Corporate costs |  |  | (67,987 | ) |  |  | (3,193,107 | ) |  |  | (136,177 | ) |  |  | (3,279,313 | )
Unrealized gain on translation of intercompany balance |  |  | 245,541 |  |  |  | (489,338 | ) |  |  | (38,248 | ) |  |  | (594,150 | )
Income (loss) from operations |  |  | 5,109,163 |  |  |  | (2,382,809 | ) |  |  | 5,044,076 |  |  |  | (5,664,233 | )
Other income, net of expense |  |  | 42,252 |  |  |  | 36,069 |  |  |  | 83,088 |  |  |  | 71,660 |
Income (loss) before taxes |  | $ | 5,151,415 |  |  | $ | (2,346,740 | ) |  | $ | 5,127,164 |  |  | $ | (5,592,573 | )
Business Segments - Schedule of Revenue by Major Customers | The following table shows the major customer(s) (10% or more) for the three-month period ended June 30, 2022. Business Segments - Schedule of Revenue by 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 |  | $ | 1,812 |  |  | $ | 652 |  |  | $ | — |  |  | $ | 2,464 |  |  |  | 15.7 | %
2 |  | Shandong Brother Technology Limited |  | $ | 1,661 |  |  | $ | 668 |  |  | $ | — |  |  | $ | 2,329 |  |  |  | 14.8 | %
3 |  | Shouguang Weidong Chemical Company Limited |  | $ | 1,510 |  |  | $ | 497 |  |  | $ | — |  |  | $ | 2,007 |  |  |  | 12.8 | %
The following table shows the major customer(s) (10% or more) for the six-month period ended June 30, 2022.
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 |  | $ | 2,752 |  |  | $ | 965 |  |  | $ | — |  |  | $ | 3,717 |  |  |  | 15.1 | %
2 |  | Shandong Brother Technology Limited |  | $ | 2,443 |  |  | $ | 909 |  |  | $ | — |  |  | $ | 3,352 |  |  |  | 13.6 | %
3 |  | Shouguang Weidong Chemical Company Limited |  | $ | 2,128 |  |  | $ | 697 |  |  | $ | — |  |  | $ | 2,825 |  |  |  | 11.5 | %
The following table shows the major customer(s) (10% or more) for the three-month period ended June 30, 2021.
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 |  | $ | 1,752 |  |  | $ | 420 |  |  | $ | — |  |  | $ | 2,172 |  |  |  | 19.5 | %
2 |  | Shouguang Weidong Chemical Company Limited |  | $ | 1,222 |  |  | $ | 390 |  |  | $ | — |  |  | $ | 1,612 |  |  |  | 14.5 | %
3 |  | Shandong Brother Technology Limited |  | $ | 1,196 |  |  | $ | 313 |  |  | $ | — |  |  | $ | 1,509 |  |  |  | 13.5 | %
The following table shows the major customer(s) (10% or more) for the six-month period ended June 30, 2021.
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 |  | $ | 2,648 |  |  | $ | 589 |  |  | $ | — |  |  | $ | 3,237 |  |  |  | 19.7 | %
2 |  | Shouguang Weidong Chemical Company Limited |  | $ | 1,925 |  |  | $ | 498 |  |  | $ | — |  |  | $ | 2,423 |  |  |  | 14.8 | %
3 |  | Shandong Brother Technology Limited |  | $ | 1,830 |  |  | $ | 485 |  |  | $ | — |  |  | $ | 2,315 |  |  |  | 14.1 | %

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