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v3.23.1

BUSINESS SEGMENTS (Tables) | 3 Months Ended
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Mar. 31, 2023
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information, by Segment [Table Text Block] |
Three-Month Period Ended March 31, 2023 |  | Bromine * |  | Crude Salt * |  | Chemical Products |  | Natural Gas |  | Segment Total |  | Corporate |  | Total
Net revenue (external customers) |  | $ | 8,470,372 |  |  | $ | 748,681 |  |  | $ | — |  |  | $ | 82,954 |  |  | $ | 9,302,007 |  |  | $ | — |  |  | $ | 9,302,007 |
Net revenue (intersegment) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Loss from operations before income benefit |  |  | (409,692 | ) |  |  | 42,930 |  |  |  | (417,873 | ) |  |  | 12,685 |  |  |  | (771,950 | ) |  |  | (27,608 | ) |  |  | (799,558 | )
Income tax benefit |  |  | 94,593 |  |  |  | (11,323 | ) |  |  | 117,286 |  |  |  | — |  |  |  | 200,556 |  |  |  | — |  |  |  | 200,556 |
Loss from operations after income taxes(benefit) |  |  | (315,099 | ) |  |  | 31,607 |  |  |  | (300,587 | ) |  |  | 12,685 |  |  |  | (571,394 | ) |  |  | (27,608 | ) |  |  | (599,002 | )
Total assets |  |  | 171,616,991 |  |  |  | 11,738,247 |  |  |  | 110,666,925 |  |  |  | 1,369,522 |  |  |  | 295,391,685 |  |  |  | 347,851 |  |  |  | 295,739,536 |
Depreciation and amortization |  |  | 5,065,606 |  |  |  | 188,687 |  |  |  | 70,911 |  |  |  | 35,020 |  |  |  | 5,360,224 |  |  |  | — |  |  |  | 5,360,224 |
Capital expenditures |  |  | 32,742 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 32,742 |  |  |  | — |  |  |  | 32,742 |
Three-Month Period Ended March 31, 2022 |  | Bromine * |  | Crude Salt * |  | Chemical Products |  | Natural Gas |  | Segment Total |  | Corporate |  | Total
Net revenue (external customers) |  | $ | 8,126,015 |  |  | $ | 754,044 |  |  | $ | — |  |  | $ | 50,678 |  |  | $ | 8,930,737 |  |  | $ | — |  |  | $ | 8,930,737 |
Net revenue (intersegment) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Loss from operations before income benefit |  |  | 1,348,834 |  |  |  | (521,921 | ) |  |  | (513,282 | ) |  |  | (26,739 | ) |  |  | 286,892 |  |  |  | (351,979 | ) |  |  | (65,087 | )
Income tax benefit |  |  | (342,161 | ) |  |  | 130,480 |  |  |  | 115,986 |  |  |  | — |  |  |  | (95,695 | ) |  |  | — |  |  |  | (95,695 | )
Loss from operations after income taxes(benefit) |  |  | 1,006,673 |  |  |  | (391,441 | ) |  |  | (397,296 | ) |  |  | (26,739 | ) |  |  | 191,197 |  |  |  | (351,979 | ) |  |  | (160,782 | )
Total assets |  |  | 186,040,450 |  |  |  | 27,503,060 |  |  |  | 122,125,607 |  |  |  | 1,593,308 |  |  |  | 337,262,425 |  |  |  | 400,494 |  |  |  | 337,662,919 |
Depreciation and amortization |  |  | 3,694,749 |  |  |  | 1,194,058 |  |  |  | 76,456 |  |  |  | 37,815 |  |  |  | 5,003,078 |  |  |  | — |  |  |  | 5,003,078 |
Capital expenditures |  |  | 395,060 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 395,060 |  |  |  | — |  |  |  | 395,060 |
* 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 March 31,
Reconciliations |  | 2023 |  | 2022
Total segment operating loss |  | $ | (771,950 | ) |  | $ | 286,892 |
Corporate costs |  |  | (59,960 | ) |  |  | (68,190 | )
Unrealized gain (loss) on translation of intercompany balance |  |  | 32,352 |  |  |  | (283,789 | )
Loss from operations |  |  | (799,558 | ) |  |  | (65,087 | )
Other income |  |  | 41,255 |  |  |  | 40,836 |
Loss before income taxes |  | $ | (758,303 | ) |  | $ | (24,251 | )
Business Segments - Schedule of Revenue by Major Customers | The following table shows the major customers (10% or more) for the three-month period ended March 31, 2023. 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 Brother Technology Limited |  |  | 1,182 |  |  |  | 285 |  |  |  | — |  |  |  | 1,467 |  |  |  | 15.9 | %
2 |  | Shandong Morui Chemical Company Limited |  | $ | 1,177 |  |  | $ | 260 |  |  | $ | — |  |  | $ | 1,437 |  |  |  | 15.6 | %
3 |  | Shouguang Weidong Chemical Company Limited |  |  | 1,186 |  |  |  | 202 |  |  |  | — |  |  |  | 1,388 |  |  |  | 15.1 | %
4 |  | Shandong Shouguangshen Runfa Marine Chemical Company Limited |  | $ | 963 |  |  | $ | — |  |  | $ | — |  |  | $ | 963 |  |  |  | 10.4 | %
The following table shows the major customers (10% or more) for the three-month period ended March 31, 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 |  | $ | 940 |  |  | $ | 313 |  |  | $ | — |  |  | $ | 1,253 |  |  |  | 14.1 | %
2 |  | Shandong Brother Technology Limited |  | $ | 782 |  |  | $ | 241 |  |  | $ | — |  |  | $ | 1,023 |  |  |  | 11.5 | %

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