14. Business Segments

9 Months Ended

Sep. 30, 2016

Segment Reporting [Abstract]

Business Segments

The Company is currently organized by four segments which represent our operating units: United States antimony operations, Mexican antimony operations, precious metals recovery and United States zeolite operations.

The Madero smelter and Puerto Blanco mill at the Company’s Mexico operation brings antimony up to an intermediate stage, which can be sold directly or shipped to the United States operation for finishing and sales at the Thompson Falls, Montana plant.  The precious metals recovery plant is operated in conjunction with the antimony processing plant at Thompson Falls, Montana. The Zeolite operation produces Zeolite near Preston, Idaho. Almost all of the sales of products from the United States antimony and Zeolite operations are to customers in the United States.

Disclosure of the activity relating to our precious metals recovery requires that it be reported as a separate business segment.  The prior period comparative information has been reclassified to reflect this change.

Segment disclosure regarding sales to major customers is located in Note 10.

Properties, plants and equipment, net:	September 30, 2016		December 31, 2015
Antimony
United States	$	1,732,997	$	1,766,328
Mexico		12,159,308		12,539,805
Subtotal Antimony		13,892,305		14,306,133
Precious metals		471,069		171,074
Zeolite		1,516,201		1,553,126
Total	$	15,879,575	$	16,030,333

Total Assets:	September 30, 2016		December 31, 2015
Antimony
United States	$	2,442,746	$	2,505,189
Mexico		12,731,914		13,367,960
Subtotal Antimony		15,174,660		15,873,149
Precious metals		471,069		171,074
Zeolite		2,060,258		2,215,978
Total	$	17,705,987	$	18,260,201

	For the three months ended				For the nine months ended
	September 30, 2016		September 30, 2015		September 30, 2016		September 30, 2015
Capital expenditures:
Antimony
United States	$	7,308	$	31,802	$	33,291	$	31,802
Mexico		104,626		2,008,945		417,131		2,869,629
Subtotal Antimony		111,934		2,040,747		450,422		2,901,431
Zeolite		61,284		101,895		123,075		135,369
Total	$	173,218	$	2,142,642	$	573,497	$	3,036,800

Segment Operations for the three	Antimony			Antimony			Precious
months ended September 30, 2016	USA			Mexico			Metals		Zeolite			Totals
Total revenues	$	2,025,755					$	240,238	$	577,149		$	2,843,142
Depreciation and amortization		20,000			136,875					53,400			210,275
Income (loss) from operations		723,627			(1,421,013	)		240,238		109,163			(347,985	)
Income tax expense		(411,490	)										(411,490	)
Other income (expense):		(9,406	)		(24,617	)				(3,559	)		(37,582	)
NET INCOME (LOSS)	$	302,731		$	(1,445,630	)	$	240,238	$	105,605		$	(797,057	)

Segment Operations for the three	Antimony			Antimony			Precious
months ended September 30, 2015	USA			Mexico			Metals		Zeolite			Totals
Total revenues	$	2,741,846		$	-		$	169,087	$	613,508		$	3,524,441
Depreciation and amortization		14,500			151,875					56,000			222,375
Income (loss) from operations		1,252,016			(1,318,887	)		169,087		148,902			251,118
Other income (expense):		(363,269	)		(6,895	)		-		(16,844	)		(387,008	)
NET INCOME (LOSS)	$	888,747		$	(1,325,782	)	$	169,087	$	132,058		$	(135,890	)

Segment Operations for the nine	Antimony			Antimony			Precious
months ended September 30, 2016	USA			Mexico			Metals		Zeolite			Totals
Total revenues	$	6,621,732		$	3,557		$	564,581	$	1,976,758		$	9,166,628
Depreciation and amortization		60,400			431,975					160,000			652,375
Income (loss) from operations		2,582,390			(4,028,767	)		564,581		243,429			(638,367	)
Income tax expense		(423,490	)										(423,490	)
Other income (expense):		(23,837	)		(49,122	)				(7,517	)		(80,476	)
NET INCOME (LOSS)	$	2,135,063		$	(4,077,889	)	$	564,581	$	235,912		$	(1,142,333	)

Segment Operations for the nine	Antimony			Antimony			Precious
months ended September 30, 2015	USA			Mexico			Metals		Zeolite			Totals
Total revenues	$	7,695,372		$	12,248		$	365,388	$	1,780,119		$	9,853,127
Depreciation and amortization		44,150			452,625					168,000			664,775
Income (loss) from operations		3,732,820			(4,188,719	)		365,388		311,023			220,512
Other income (expense):		(60,341	)		(10,081	)		-		(43,714	)		(114,136	)
NET INCOME (LOSS)	$	3,672,479		$	(4,198,800	)	$	365,388	$	267,309		$	106,376