13. Business Segments

3 Months Ended

Mar. 31, 2021

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:	March 31, 2021		December 31, 2020
Antimony
United States	$	1,629,846	$	1,637,738
Mexico		7,495,331		7,635,410
Subtotal Antimony		9,125,177		9,273,148
Precious metals		924,707		933,885
Zeolite		976,544		1,018,561
Total	$	11,026,428	$	11,225,594

At March 31, 2021 and December 31, 2020, the Company had $739,435 and $755,978, respectively, of assets that were not yet placed in service and have not yet been depreciated.

	For the three months ended
Capital expenditures:	March 31, 2021		March 31, 2020
Antimony
United States	$	-	$	23,121
Mexico		4,872		26,765
Subtotal Antimony		4,872		49,886
Precious Metals		18,426		38,521
Zeolite		-		7,864
Total	$	23,298	$	96,271

Segment Operations for the three	Antimony			Antimony			Total			Precious		Bear River
months ended March 31, 2021	USAC			Mexico			Antimony			Metals		Zeolite			Totals
Total revenues	$	657,107		$	-		$	657,107		$	76,233	$	519,947		$	1,253,287
Depreciation and amortization		7,891			144,952			152,843			27,604		42,017			222,464
Income (loss) from operations		(218,669	)		(238,568	)		(457,237	)		48,630		66,881			(341,726	)
Other income (expense):		6,635			-			6,635			-		(397	)		6,238
NET INCOME (LOSS)	$	(212,034	)	$	(238,568	)	$	(450,602	)	$	48,630	$	66,484		$	(335,488	)

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		136,168			(304,938	)
Other income (expense):		(2,915	)		-			(2,915	)		-		(1,029	)		(3,944	)
NET INCOME (LOSS)	$	236,437		$	(719,066	)	$	(482,629	)	$	38,608	$	135,139		$	(308,882	)