14. Business Segments

9 Months Ended

Sep. 30, 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 in Mexico 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:	September 30, 2020		December 31, 2019
Antimony
United States	$	1,641,364	$	1,631,100
Mexico		7,782,821		8,800,820
Subtotal Antimony		9,424,185		10,431,920
Precious metals		934,312		567,738
Zeolite		1,063,006		1,187,190
Total	$	11,421,503	$	12,186,848

At September 30, 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 depreciated.

	For the Three Months Ended				For the Nine Months Ended
	September 30, 2020		September 30, 2019		September 30, 2020		September 30, 2019
Capital expenditures:
Antimony
United States					$	32,448	$	2,713
Mexico	$	2,923	$	190,861		33,585		607,564
Subtotal Antimony		2,923		190,861		66,033		610,277
Precious Metals		17,366		4,095		138,211		17,247
Zeolite				9,304		16,211		50,313
Total	$	20,289	$	204,260	$	220,455	$	677,837

Segment Operations for the three	Antimony			Antimony			Total			Precious
months ended September 30, 2020	USA			Mexico			Antimony			Metals		Zeolite			Totals
Total revenues	$	477,273		$	-		$	477,273		$	48,832	$	481,126		$	1,007,231
Depreciation and amortization	$	7,395		$	146,099		$	153,494		$	22,141	$	42,015		$	217,650
Income (loss) from operations	$	(208,676	)	$	(904,337	)	$	(1,113,013	)	$	26,691	$	98,221		$	(988,101	)
Other income (expense):		(2,883	)		(4	)		(2,887	)		-		(2,252	)		(5,139	)
NET INCOME (LOSS)	$	(211,559	)	$	(904,341	)	$	(1,115,900	)	$	26,691	$	95,969		$	(993,240	)

Segment Operations for the three	Antimony			Antimony			Total			Precious
months ended September 30, 2019	USA			Mexico			Antimony			Metals		Zeolite			Totals
Total revenues	$	1,080,871		$	-		$	1,080,871		$	55,500	$	651,563		$	1,787,934
Depreciation and amortization	$	10,935		$	210,766		$	221,701		$	17,630	$	46,825		$	286,156
Income (loss) from operations	$	227,712		$	(921,965	)	$	(694,253	)	$	37,869	$	114,923		$	(541,461	)
Other income (expense):		(4,602	)		(18,037	)		(22,639	)		-		(4,492	)		(27,131	)
NET INCOME (LOSS)	$	223,110		$	(940,002	)	$	(716,892	)	$	37,869	$	110,431		$	(568,592	)

Segment Operations for the nine	Antimony			Antimony			Total			Precious
months ended September 30, 2020	USA			Mexico			Antimony			Metals		Zeolite			Totals
Total revenues	$	2,509,183		$	-		$	2,509,183		$	173,029	$	1,653,201		$	4,335,413
Depreciation and amortization	$	22,184		$	438,297		$	460,481		$	66,422	$	140,395		$	667,298
Income (loss) from operations	$	156,884		$	(2,182,979	)	$	(2,026,095	)	$	106,607	$	351,965		$	(1,567,523	)
Other income (expense):		(1,058	)		(4	)		(1,062	)		-		(7,820	)		(8,882	)
NET INCOME (LOSS)	$	155,826		$	(2,182,983	)	$	(2,027,157	)	$	106,607	$	344,145		$	(1,576,405	)

Segment Operations for the nine	Antimony			Antimony			Total			Precious
months ended September 30, 2019	USA			Mexico			Antimony			Metals		Zeolite			Totals
Total revenues	$	3,820,689		$	473,592		$	4,294,281		$	140,550	$	2,081,751		$	6,516,582
Depreciation and amortization	$	32,690		$	508,934		$	541,624		$	51,652	$	139,426		$	732,702
Income (loss) from operations	$	1,083,360		$	(3,318,053	)	$	(2,234,693	)	$	88,898	$	460,149		$	(1,685,646	)
Other income (expense):		(10,388	)		(54,375	)		(64,763	)		-		(11,682	)		(76,445	)
NET INCOME (LOSS)	$	1,072,972		$	(3,372,428	)	$	(2,299,456	)	$	88,898	$	448,467		$	(1,762,091	)