Business Segments

12 Months Ended

Dec. 31, 2021

Business Segments

Business Segments

14. 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,
Total Assets:	2021		2020
Antimony
United States	$	24,130,348	$	2,798,283
Mexico		7,771,515		7,953,190
Subtotal antimony		31,901,863		10,751,473
Precious metals
United States	$	107,464	$	130,882
Mexico		782,854		803,003
Subtotal precious metals		890,318		933,885
Zeolite		2,210,546		1,614,144
Total	$	35,002,727	$	13,299,502

	For the years ended December 31,
	2021		2020
Capital expenditures:
Antimony
United States	$	22,092	$	32,448
Mexico		19,488		38,456
Subtotal antimony		41,580		70,904
Precious metals
United States		-		10,219
Mexico		63,698		147,978
Subtotal precious metals		63,698		158,197
Zeolite		758,000		13,990
Total	$	863,278	$	243,091

Segment Operations for the Year	Antimony		Antimony			Total			Precious
Ended December 31, 2021	USA		Mexico			Antimony			Metals		Zeolite			Totals
Total revenues	$	4,815,524	$	-		$	4,815,524		$	338,341	$	2,593,641		$	7,747,506
Depreciation and amortization	$	33,028	$	580,174		$	613,202		$	107,264	$	160,414		$	880,880
Income (loss) from operations	$	938,914	$	(2,027,313	)	$	(1,088,399	)	$	231,077	$	197,065		$	(660,257	)
Other income (expense):		489,757		113,422			603,179			-		(3,391	)		599,788
NET INCOME (LOSS)	$	1,428,671	$	(1,913,891	)	$	(485,220	)	$	231,077	$	193,674		$	(60,469	)

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	)