BUSINESS SEGEMENTS

3 Months Ended

Mar. 31, 2024

BUSINESS SEGEMENTS

BUSINESS SEGEMENTS

NOTE 10 – BUSINESS SEGEMENTS

The Company is organized and managed with four business segments, which represent our operating units: United States antimony operations, Mexico antimony operations, precious metals recovery and United States zeolite operations. See Note 11 for the Mexico discontinued operations that are excluded from business segments.

Total assets by segment at March 31, 2024 and December 31, 2023 were as follows: 

Total Assets, Excluding Discontinued Operations	March 31, 2024		December 31, 2023
Antimony segment:
United States total assets	$	14,962,876	$	14,769,408
Mexico total assets		1,248,036		1,211,319
Subtotal antimony segment	$	16,210,912	$	15,980,727
Precious metals segment:
United States total assets	$	86,864	$	92,718
Mexico total assets		-		-
Subtotal precious metals segment	$	86,864	$	92,718
Zeolite segment		5,276,627		5,474,010
Total assets, excluding discontinued operations	$	21,574,403	$	21,547,455

Total capital expenditures by segment for the three months ended March 31, 2024 and 2023 were as follows: 

Capital expenditures, Excluding Discontinued Operations	For the three months ended
	March 31, 2024		March 31, 2023
Antimony segment:
United States capital expenditures	$	-	$	3,550
Mexico capital expenditures		-		-
Subtotal antimony segment	$	-	$	3,550
Precious metals segment		-		-
Zeolite segment		52,713		497,652
Total capital expenditures, excluding discontinued operations	$	52,713	$	501,202

Selected segment operational information for the three months ended March 31, 2024 and 2023 were as follows:

Segment Operations, Excluding Discontinued Operations	Antimony		Antimony		Total		Precious
For the three months ended March 31, 2024	USA		Mexico		Antimony		Metals		Zeolite		Total
Total revenues	$	2,228,385	$	-	$	2,228,385	$	-	$	603,005	$	2,831,390
Depreciation and amortization		13,941		4,024		17,965		5,854		82,328		106,147
Income (loss) from operations	$	394,806	($26,197)		$	368,609	($5,854)		($431,501)		(68,746)
Other income												154,847
Income tax expense												-
NET INCOME											$	86,101
Segment Operations, Excluding Discontinued Operations	Antimony		Antimony		Total		Precious
For the three months ended March 31, 2023	USA		Mexico		Antimony		Metals		Zeolite		Total
Total revenues	$	1,612,639	$	-	$	1,612,639	$	116,112	$	482,093	$	2,210,844
Depreciation and amortization		8,280		4,024		12,304		5,854		51,174		69,332
Income (loss) from operations	$	62,072	($27,849)		$	34,223	$	110,258	($64,605)		$	79,876
Other income												213,505
Income tax expense												-
NET INCOME											$	293,381