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BUSINESS SEGMENTS (Tables)

9 Months Ended

Sep. 30, 2023

Segment Reporting [Abstract]

Business Segments - Schedule of Segment Reporting Information by Segment

Three-Month Period Ended September 30, 2023		Bromine*				Crude  Salt*				Chemical  Products				Natural Gas				Segment  Total				Corporate				Total
Net revenue (external customers)		$	4,908,152			$	889,556			$	—			$	67,907			$	5,865,615			$	—			$	5,865,615
Net revenue (intersegment)			—				—				—				—				—				—				—
Income(loss) from operations before income tax benefit			(2,143,203	)			500,469				(397,410	)			4,156				(2,035,988	)			(257,300	)			(2,293,288	)
Income tax benefit (expense)			516,927				(125,731	)			92,328				—				483,524				—				483,524
Income (loss) from operations after income tax benefit (expense)			(1,626,276	)			374,738				(305,082	)			4,156				(1,552,464	)			(257,300	)			(1,809,764	)
Total assets			159,846,002				11,983,765				105,533,526				1,244,427				278,607,720				285,157				278,892,877
Depreciation and amortization			4,507,616				180,121				67,692				33,430				4,788,859				—				4,788,859
Capital expenditures			15,149,296				—				—				—				15,149,296				—				15,149,296

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 September 30, 2023.

Business Segments - Schedule of Revenue by Major Customers

Revenue

Customer 

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		$	766			$	309			$	—			$	1,075				18.5	%
2		Shandong Morui Chemical Company Limited		$	769			$	298			$	—			$	1,067				18.4	%
3		Shouguang Weidong Chemical Company Limited		$	772			$	282			$	—			$	1,054				18.2	%

The following table shows the major customer(s) (10% or more) for the nine-month period ended September 30, 2023.

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		$	3,166			$	842			$	—			$	4,008				17.4	%
2		Shandong Brother Technology Limited		$	3,077			$	768			$	—			$	3,845				16.7	%
3		Shouguang Weidong Chemical Company Limited		$	3,087			$	677			$	—			$	3,764				16.4	%
4		Shandong Shouguangshen Runfa Marine Chemical Company Limited		$	2,532			$	—			$	—			$	2,532				11	%

The following table shows the major customer(s) (10% or more) for the three-month period ended September 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		$	2,190			$	1,123			$	—			$	3,313				14.8	%
2		Shouguang Weidong Chemical Company Limited		$	2,041			$	885			$	—			$	2,926				12.8	%
3		Shandong Brother Technology Limited		$	2,339			$	927			$	—			$	3,266				14	%

The following table shows the major customer(s) (10% or more) for the nine-month period ended September 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		$	4,942			$	2,088			$	—			$	7,030				14.8	%
2		Shouguang Weidong Chemical Company Limited		$	4,169			$	1,583			$	—			$	5,752				12.1	%
3		Shandong Brother Technology Limited		$	4,782			$	1,836			$	—			$	6,618				14	%

X

- Definition

Tabular disclosure of the extent of the entity's reliance on its major customers, if revenues from transactions with a single external customer amount to 10 percent or more of entity revenues, including the disclosure of that fact, the total amount of revenues from each such customer, and the identity of the reportable segment or segments reporting the revenues. The entity need not disclose the identity of a major customer or the amount of revenues that each segment reports from that customer. For these purposes, a group of companies known to the entity to be under common control is considered a single customer, and the federal government, a state government, a local government such as a county or municipality, or a foreign government is each considered a single customer.

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Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

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