14. Business Segments

9 Months Ended

Sep. 30, 2018

Segment Reporting [Abstract]

Business Segments

The Company is currently organized and managed 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 may be sold directly or shipped to the United States operation for finishing 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.

Segment disclosure regarding sales to major customers is located in Note 4.

Properties, plants
and equipment, net:	September 30, 2018		December 31, 2017
Antimony
United States	$	1,648,447	$	1,687,997
Mexico		11,341,144		11,452,507
Subtotal Antimony		12,989,591		13,140,504
Precious metals		632,730		642,774
Zeolite		1,244,137		1,349,619
Total	$	14,866,458	$	15,132,897

Total Assets:	September 30, 2018		December 31, 2017
Antimony
United States	$	2,779,883	$	2,510,323
Mexico		12,135,234		12,073,219
Subtotal Antimony		14,915,117		14,583,542
Precious metals		632,730		642,774
Zeolite		1,903,527		1,904,938
Total	$	17,451,374	$	17,131,254

	For the Three Months Ended				For the Nine Months Ended
	September 30, 2018		September 30, 2017		September 30, 2018		September 30, 2017
Capital expenditures:
Antimony
United States	$	-	$	22,241	$	-	$	22,241
Mexico		223,390		45,326		334,367		121,042
Subtotal Antimony		223,390		67,567		334,367		143,283
Precious Metals		-		24,798		40,988		84,379
Zeolite		13,793		35,856		36,216		51,803
Total	$	237,183	$	128,221	$	411,571	$	279,465

Segment Operations for the three	Antimony			Antimony			Total		Precious
months ended September 30, 2018	USA			Mexico			Antimony		Metals		Zeolite			Totals
Total revenues	$	1,366,540		$	-		$	1,366,540	$	71,820	$	653,365		$	2,091,725
Depreciation and amortization	$	13,170		$	148,363		$	161,533	$	17,011	$	46,807		$	225,351
Income (loss) from operations		1,259,735			(537,067	)		722,668		54,809		88,263			865,740
Other income (expense):		(3,715	)		409,238			405,523		-		(3,816	)		401,707
NET INCOME (LOSS)	$	1,256,020		$	(127,829	)	$	1,128,191	$	54,809	$	84,447		$	1,267,447

Segment Operations for the three	Antimony			Antimony			Total			Precious
months ended September 30, 2017	USA			Mexico			Antimony			Metals		Zeolite			Totals
Total revenues	$	1,796,775		$	-		$	1,796,775		$	78,245	$	494,694		$	2,369,714
Depreciation and amortization		14,200			127,675		$	141,875			15,100		50,200			207,175
Income (loss) from operations		435,497			(861,683	)		(426,186	)		63,145		135,879			(227,162	)
Other income (expense):		(11,611	)		(20,772	)		(32,383	)		-		(3,020	)		(35,403	)
NET INCOME (LOSS)	$	423,886		$	(882,455	)	$	(458,569	)	$	63,145	$	132,859		$	(262,565	)

Segment Operations for the nine	Antimony			Antimony			Total			Precious
months ended September 30, 2018	USA			Mexico			Antimony			Metals		Zeolite			Totals
Total revenues	$	4,540,873		$	-		$	4,540,873		$	213,523	$	2,026,605		$	6,781,001
Depreciation and amortization	$	39,550		$	445,729		$	485,279		$	51,032	$	141,699		$	678,010
Income (loss) from operations		1,849,669			(2,088,424	)		(238,755	)		162,491		382,182			305,918
Other income (expense):		(6,431	)		379,750			373,319			-		(9,015	)		364,304
NET INCOME (LOSS)	$	1,843,238		$	(1,708,674	)	$	134,564		$	162,491	$	373,167		$	670,222

Segment Operations for the nine	Antimony			Antimony			Total			Precious
months ended September 30, 2017	USA			Mexico			Antimony			Metals		Zeolite			Totals
Total revenues	$	5,842,801		$	17,782		$	5,860,583		$	243,822	$	1,723,120		$	7,827,525
Depreciation and amortization		42,900			397,325		$	440,225			47,000		150,000		$	637,225
Income (loss) from operations		1,618,156			(2,680,293	)		(1,062,137	)		196,821		358,110			(507,206	)
Other income (expense):		(34,654	)		(119,341	)		(153,995	)		-		(9,622	)		(163,617	)
NET INCOME (LOSS)	$	1,583,502		$	(2,799,634	)	$	(1,216,132	)	$	196,821	$	348,488		$	(670,823	)