REVENUE RECOGNITION

12 Months Ended

Dec. 31, 2024

REVENUE RECOGNITION

REVENUE RECOGNITION

NOTE 4 – REVENUE RECOGNITION

Products consist of the following:

· Antimony: includes antimony oxide, antimony metal, and antimony trisulfide

· Zeolite: includes coarse and fine zeolite crushed in various sizes

· Precious metals: includes unrefined and refined gold and silver

Sales by product for the years ended December 31, 2024 and 2023 were as follows:

	For the years ended
	December 31, 2024		December 31, 2023
Antimony product revenue	$	11,471,200	$	5,904,480
Zeolite product revenue		2,941,675		2,462,179
Precious metals product revenue		525,087		326,496
TOTAL REVENUES	$	14,937,962	$	8,693,155

The Company also received royalties related to a trademark and licensing agreement in its antimony business segment, which is recorded in “Trademark and licensing income” under the caption “Other Income (Expense)” in its Consolidated Statements Operations.

The following is sales information by geographic area based on the location of customers for the years ended December 31, 2024 and 2023:

	For the years ended
	December 31, 2024		December 31, 2023
Domestic revenues	$	12,572,625	$	6,854,740
Canada revenues		1,996,710		1,838,415
Mexico revenues		368,627		-
TOTAL REVENUES	$	14,937,962	$	8,693,155

Sales to customers representing more than 10% of our total revenues during the years ended December 31, 2024 and 2023 were as follows:

	For the years ended
	December 31, 2024		December 31, 2023
Customer A revenue	$	4,389,735	$	1,548,283
Customer B revenue		1,998,589		1,451,950
Customer C revenue		-		1,037,307
Total	$	6,388,324	$	4,037,540
Total customer revenue as a % of total Company revenues		43%		46%

Customer receivables representing more than 10% of our net accounts receivable balance as of December 31, 2024 and 2023 were as follows:

	For the years ended
	December 31, 2024		December 31, 2023
Customer A receivable	$	682,551	$	194,007
Customer B receivable		-		202,382
Total	$	682,551	$	396,389
Total customer receivables as a % of Company net accounts receivable		59%		63%

The Company’s trade accounts receivable balance related to contracts with customers was $1,156,564 at December 31, 2024 and $625,256 at December 31, 2023, which is net of an allowance for doubtful accounts related to trade accounts receivables of $10,165 and $271,212 at December 31, 2024 and December 31, 2023, respectively. The Company’s products do not involve any warranty agreements and product returns are not typical.