16. Business Segments

12 Months Ended

Dec. 31, 2020

Segment Reporting [Abstract]

Business Segments

The Company is currently organized and managed by four segments, which represent the three operating units: United States antimony, Mexican antimony, United States zeolite, and precious metals. The Company’s other operating costs include general and administrative expenses, freight and delivery, and other non-production related costs. Other income and expense consist primarily of non-operating income and interest expense.

The Madero smelter and Puerto Blanco mill at the Company’s Mexico operation brings antimony up to a finished product or an intermediate stage, which is then either shipped directly to customers or to the United States operation for finishing and sales at the Thompson Falls, Montana plant. 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. Precious metal recovered from the antimony process in the United States and Mexico is typically sold to customers in the United States and Canada.

Segment disclosures regarding sales to major customers and for property, plant, and equipment are located in Notes 3 and 6, respectively.

	For the Years Ended
	December 31,		December 31,
Total Assets:	2020		2019
Antimony
United States	$	2,798,283	$	2,166,041
Mexico		7,953,190		9,193,521
Subtotal antimony		10,751,473		11,359,562
Precious metals
United States	$	130,882	$	143,605
Mexico		803,003		424,133
Subtotal precious metals		933,885		567,738
Zeolite		1,614,144		1,766,675
Total	$	13,299,502	$	13,693,975

	For the Years Ended
	December 31,		December 31,
	2020		2019
Capital expenditures:
Antimony
United States	$	32,448	$	8,429
Mexico		38,456		705,123
Subtotal antimony		70,904		713,552
Precious metals
United States		10,219		21,086
Mexico		147,978		-
Subtotal precious metals		158,197		21,086
Zeolite		13,990		58,287
Total	$	243,091	$	792,925

Segment Operations for the Year	Antimony		Antimony			Total			Precious
Ended December 31, 2020	USA		Mexico			Antimony			Metals		Zeolite			Totals
Total revenues	$	2,942,628	$	-		$	2,942,628		$	174,079	$	2,118,823		$	5,235,530
Depreciation and amortization	$	25,809	$	590,579		$	616,388		$	86,835	$	182,620		$	885,843
Income (loss) from operations	$	192,511	$	(3,851,228	)	$	(3,658,717	)	$	87,244	$	266,731		$	(3,304,742	)
Other income (expense):		21,808		-			21,808			-		(3,870	)		17,938
NET INCOME (LOSS)	$	214,319	$	(3,851,228	)	$	(3,636,909	)	$	87,244	$	262,861		$	(3,286,804	)

Segment Operations for the Year	Antimony			Antimony			Total			Precious
Ended December 31, 2019	USA			Mexico			Antimony			Metals		Zeolite			Totals
Total revenues	$	5,450,649		$	-		$	5,450,649		$	194,239	$	2,623,117		$	8,268,005
Depreciation and amortization	$	43,738		$	596,719		$	640,457		$	69,067	$	186,466		$	895,990
Income (loss) from operations	$	(144,208	)	$	(4,239,123	)	$	(4,383,331	)	$	125,172	$	513,052		$	(3,745,107	)
Other income (expense):		(16,142	)		103,940			87,798			-		(15,582	)		72,216
NET INCOME (LOSS)	$	(160,350	)	$	(4,135,183	)	$	(4,295,533	)	$	125,172	$	497,470		$	(3,672,891	)