14. Business Segments

3 Months Ended

Mar. 31, 2020

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 Puerto Blanco mill and the Madero smelter at the Company’s Mexico operation bring antimony up to an intermediate or finished stage, which may be sold directly or shipped to the United States operation for finishing at the Thompson Falls, Montana plant. The Puerto Blanco mill is the site of our crushing and flotation plant, and a cyanide leach plant which will recover precious metals after the ore goes through the crushing and flotation cycles. A precious metals recovery plant is operated in conjunction with the antimony processing plant at Thompson Falls, Montana, where a 99% precious metals mix will be produced. 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, although the Company does have a sales operation in Canada.

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

Properties, plants
and equipment, net:	March 31, 2020		December 31, 2019
Antimony
United States	$	1,646,827	$	1,631,100
Mexico		8,386,700		8,800,820
Subtotal Antimony		10,033,527		10,431,920
Precious metals		877,446		567,738
Zeolite		1,145,865		1,187,190
Total	$	12,056,838	$	12,186,848

	For the three months ended
Capital expenditures:		March 31, 2020		March 31, 2019
Antimony
United States		$	23,121	$	1,345
Mexico			26,765		274,906
Subtotal Antimony			49,886		276,251
Precious Metals			38,521		6,754
Zeolite			7,864		29,563
Total		$	96,271	$	312,568

At March 31, 2020 and December 31, 2019, the Company had $841,503 and $1,306,579, respectively, of assets that were not yet placed in service and have not yet been depreciatied.

Segment Operations for the three	Antimony			Antimony			Total			Precious		Bear River
months ended March 31, 2020	USAC			Mexico			Antimony			Metals		Zeolite			Totals
Total revenues	$	1,121,425		$	-		$	1,121,425		$	62,206	$	559,360		$	1,742,991
Depreciation and amortization		7,395			146,098			153,493			23,598		49,190			226,281
Income (loss) from operations		239,352			(719,066	)		(479,714	)		38,608		138,160			(302,946	)
Other income (expense):		(2,915	)		-			(2,915	)		-		(3,021	)		(5,936	)
NET INCOME (LOSS)	$	236,437		$	(719,066	)	$	(482,629	)	$	38,608	$	135,139		$	(308,882	)

Segment Operations for the three	Antimony			Antimony			Total			Precious		Bear River
months ended March 31, 2019	USAC			Mexico			Antimony			Metals		Zeolite			Totals
Total revenues	$	1,705,823		$	-		$	1,705,823		$	24,527	$	726,015		$	2,456,365
Depreciation and amortization		10,878			149,083			159,961			17,011		46,301			223,273
Income (loss) from operations		(52,096	)		(802,676	)		(854,772	)		7,516		163,489			(683,767	)
Other income (expense):		(1,367	)		(18,287	)		(19,654	)		-		(4,039	)		(23,693	)
NET INCOME (LOSS)	$	(53,463	)	$	(820,963	)	$	(874,426	)	$	7,516	$	159,450		$	(707,460	)