15. BUSINESS SEGMENTS (Tables)

3 Months Ended

Mar. 31, 2020

Segment Reporting [Abstract]

Schedule of segment operating income

Three-Month Period Ended March 31, 2020	Bromine *			Crude Salt *			Chemical Products			Natural Gas			Segment Total			Corporate		Total
Net revenue (external customers)	$	462,846		$	94,824		$	—		$	—		$	557,670		$	—	$	557,670
Net revenue (intersegment)		—			—			—			—			—			—		—
Income (loss) from operations before income taxes(benefit)		(2,866,438	)		(1,513,582	)		(710,909	)		(48,846	)		(5,139,775	)		304,346		(4,835,429	)
Income tax benefit		717,438			378,396			160,609			—			1,256,443			—		1,256,443
Income (loss) from operations after income taxes(benefit)		(2,149,000	)		(1,135,186	)		(550,300	)		(48,846	)		(3,883,332	)		304,346		(3,578,986	)
Total assets		117,061,540			39,066,713			109,222,446			1,657,769			267,008,468			105,430		267,113,898
Depreciation and amortization		2,197,844			1,108,443			113,484			35,120			3,454,891			—		3,454,891
Capital expenditures		3,157,669			646,752			3,611,790			—			7,416,211			—		7,416,211

Three-Month Period Ended March 31, 2019	Bromine *			Crude  Salt *			Chemical  Products			Natural Gas			Segment  Total			Corporate			Total
Net revenue (external customers)	$	—		$	—		$	—		$	38,570		$	38,570		$	—		$	38,570
Net revenue (intersegment)		—			—			—			—			—			—			—
Loss from operations before income taxes benefit		(3,625,014	)		(1,411,809	)		(673,550	)		(41,983	)		(5,752,356	)		(643,674	)		(6,396,030	)
Income tax benefit		897,347			352,952			144,838			—			1,395,137			—			1,395,137
Loss from operations after income taxes benefit		(2,727,667	)		(1,058,857	)		(528,712	)		(41,983	)		(4,357,219	)		(643,674	)		(5,000,893	)
Total assets		124,257,161			38,212,093			146,602,776			1,888,494			310,960,524			19,094			310,979,618
Depreciation and amortization		2,118,077			1,105,108			117,388			36,676			3,377,249			—			3,377,249
Capital expenditures		2,528,111			—			—			—			2,528,111			—			2,528,111

Schedule of segment costs

	Three-Month Period Ended March 31,
Reconciliations	2020			2019
Total segment operating loss	$	(5,139,775	)	$	(5,752,356	)
Corporate costs		(96,103	)		(140,446	)
Unrealized gain (loss) on translation of intercompany balance		400,449			(503,228	)
Loss from operations		(4,835,429	)		(6,396,030	)
Other income		39,228			96,755
Loss before income taxes	$	(4,796,201	)	$	(6,299,275	)

Schedule of major customers

Number	Customer	Bromine (000’s)		Crude Salt (000’s)		Chemical Products (000’s)		Total Revenue  (000’s)		Percentage of Total Revenue (%)
1	Shandong Morui Chemical Company Limited	$	70	$	41	$	—	$	111		20	%
2	Shandong Brother Technology Limited	$	60	$	36	$	—	$	96		17.1	%
3	Shouguang Weidong Chemical Company Limited	$	65	$	18	$	—	$	83		14.9	%
4	Dongying Bomeite Chemical Company Limited	$	70	$	—	$	—	$	70		12.5	%
5	Shandong Shouguang Shenrunfa Ocean Chemical Company Limited	$	57	$	—	$	—	$	57		10.2	%
6	Shouguang JinWang Chemical Company Limited	$	56	$	—	$	—	$	56		10	%