BUSINESS SEGMENTS

6 Months Ended

Jun. 30, 2024

BUSINESS SEGMENTS

BUSINESS SEGMENTS

NOTE 10 – BUSINESS SEGMENTS

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 June 30, 2024 and December 31, 2023 were as follows: 

Total Assets, Excluding Discontinued Operations	June 30, 2024		December 31, 2023
Antimony segment:
United States total assets	$	15,568,968	$	14,769,408
Mexico total assets		1,259,154		1,211,319
Subtotal antimony segment	$	16,828,122	$	15,980,727
Precious metals segment:
United States total assets	$	48,921	$	92,718
Mexico total assets		-		-
Subtotal precious metals segment	$	48,921	$	92,718
Zeolite segment		5,557,818		5,474,010
Total assets, excluding discontinued operations	$	22,434,861	$	21,547,455

Total capital expenditures by segment for the three and six months ended June 30, 2024 and 2023 were as follows: 

Capital expenditures, Excluding Discontinued Operations	For the three months ended				For the six months ended
	June 30, 2024		June 30, 2023		June 30, 2024		June 30, 2023
Antimony segment:
United States capital expenditures	$	-	$	58,299	$	-	$	61,849
Mexico capital expenditures		-		-		-		-
Subtotal antimony segment	$	-	$	58,299	$	-	$	61,849
Precious metals segment		-		-		-		-
Zeolite segment		98,008		636,033		150,721	$	1,133,685
Total capital expenditures, excluding discontinued operations	$	98,008	$	694,332	$	150,721	$	1,195,534

The zeolite segment’s capital expenditures for the three and six months ended June 30, 2024 excludes $402,722 related to a wheel loader purchased with a note payable.

Selected segment operational information for the three and six months ended June 30, 2024 and 2023 were as follows:

Segment Operations, Excluding Discontinued Operations	Antimony			Antimony			Total			Precious
For the three months ended June 30, 2024	USA			Mexico			Antimony			Metals			Zeolite			Total
Total revenues	$	1,814,778		$	0		$	1,814,778		$	4,616		$	994,386		$	2,813,780
Depreciation and amortization		14,047			4,024			18,071			5,855			90,560			114,486
Income (loss) from operations	$	(37,909	)	$	(26,196	)	$	(64,105	)	$	(1,239	)	$	(148,260	)	$	(213,604	)
Other income																	157,900
Income tax expense																	-
Loss from continuing operations																$	(55,704	)
Segment Operations, Excluding Discontinued Operations	Antimony			Antimony			Total			Precious
For the three months ended June 30, 2023	USA			Mexico			Antimony			Metals			Zeolite			Total
Total revenues	$	1,351,705		$	0		$	1,351,705		$	126,321		$	787,091		$	2,265,117
Depreciation and amortization		10,361			4,015			14,376			5,855			64,895			85,126
Income (loss) from operations	$	(317,513	)	$	(24,140	)	$	(341,653	)	$	120,466		$	23,852		$	(197,335	)
Other income																	174,303
Income tax expense																	-
Loss from continuing operations																$	(23,032	)

Segment Operations, Excluding Discontinued Operations	Antimony		Antimony			Total		Precious
For the six months ended June 30, 2024	USA		Mexico			Antimony		Metals			Zeolite			Total
Total revenues	$	4,043,163	$	-		$	4,043,163	$	4,616		$	1,597,391		$	5,645,170
Depreciation and amortization		27,988		8,048			36,036		11,709			172,888			220,633
Income (loss) from operations	$	356,897	$	(52,393	)	$	304,504	$	(7,093	)	$	(579,761	)	$	(282,350	)
Other income														$	312,747
Income tax expense															-
Income from continuing operations														$	30,397

Segment Operations, Excluding Discontinued Operations	Antimony			Antimony			Total			Precious
For the six months ended June 30, 2023	USA			Mexico			Antimony			Metals		Zeolite			Total
Total revenues	$	2,964,344		$	-		$	2,964,344		$	242,433	$	1,269,184		$	4,475,961
Depreciation and amortization		18,641			8,039			26,680			11,709		116,069			154,458
Income (loss) from operations	$	(255,441	)	$	(51,989	)	$	(307,430	)	$	230,724	$	(40,753	)	$	(117,459	)
Other income																387,808
Income tax expense																-
Income from continuing operations															$	270,349