15. BUSINESS SEGMENTS (Tables)

6 Months Ended

Jun. 30, 2020

Segment Reporting [Abstract]

Segment operating income

Three-Month Period Ended June 30, 2020	Bromine*			Crude  Salt*			Chemical  Products			Natural Gas			Segment  Total			Corporate			Total
Net revenue (external customers)	$	4,487,017		$	872,466		$	—		$	—		$	5,359,483		$	—		$	5,359,483
Net revenue (intersegment)		—			—			—			—			—			—			—
Income(loss) from operations before income tax benefit		(1,479,084	)		(611,472	)		(654,652	)		(53,270	)		(2,798,478	)		(155,074	)		(2,953,552	)
Income tax benefit		350,708			172,849			149,076			—			672,633			—			672,633
Income (loss) from operations after income tax benefit		(1,128,376	)		(438,623	)		(505,576	)		(53,270	)		(2,125,845	)		(155,074	)		(2,280,919	)
Total assets		115,956,839			38,299,428			108,862,565			1,599,014			264,717,846			70,367			264,788,213
Depreciation and amortization		3,038,936			919,003			111,797			34,598			4,104,334			—			4,104,334
Capital expenditures		—			—			2,443,931			—			2,443,931			—			2,443,931

Three-Month Period Ended June 30, 2019	Bromine*			Crude  Salt*			Chemical  Products			Natural Gas			Segment  Total			Corporate		Total
Net revenue (external customers)	$	5,751,164		$	245,079		$	—		$	13,166		$	6,009,409		$	—	$	6,009,409
Net revenue (intersegment)		—			—			—			—			—			—		—
Income(loss) from operations before income tax benefit		(36,713	)		(828,736	)		(656,424	)		(61,401	)		(1,583,274	)		385,108		(1,198,166	)
Income tax benefit		9,540			215,360			141,083			—			365,983			—		365,983
Income(loss) from operations after income tax benefit		(27,173	)		(613,376	)		(515,341	)		(61,401	)		(1,217,291	)		385,108		(832,183	)
Total assets		169,870,183			29,241,474			128,641,174			1,773,689			329,526,520			37,207		329,563,727
Depreciation and amortization		2,476,960			958,352			116,240			36,080			3,587,632			—		3,587,632
Capital expenditures		10,857,541			644,197			—			—			11,501,738			—		11,501,738

* Certain common production overheads, operating and administrative expenses and asset items (mainly cash and certain office equipment) of bromine and crude salt segments in SCHC were split by reference to the average selling price and production volume of respective segment.

Six-Month Period Ended June 30, 2020	Bromine*			Crude  Salt*			Chemical  Products			Natural Gas			Segment  Total			Corporate		Total
Net revenue (external customers)	$	4,949,863		$	967,290		$	—		$	—		$	5,917,153		$	—	$	5,917,153
Net revenue (intersegment)		—			—			—			—			—			—		—
Loss from operations before income tax benefit		(4,345,522	)		(2,125,054	)		(1,365,561	)		(102,116	)		(7,938,253	)		149,272		(7,788,981	)
Income tax benefit		1,068,146			551,245			309,685			—			1,929,076			—		1,929,076
Loss from operations after income tax benefit		(3,277,376	)		(1,573,809	)		(1,055,876	)		(102,116	)		(6,009,177	)		149,272		(5,859,905	)
Total assets		115,956,839			38,299,428			108,862,565			1,599,014			264,717,846			70,367		264,788,213
Depreciation and amortization		5,236,780			2,027,445			225,281			69,718			7,559,224			—		7,559,224
Capital expenditures		3,157,669			646,752			6,055,721			—			9,860,142			—		9,860,142

Six-Month Period Ended June 30, 2019	Bromine*			Crude  Salt*			Chemical  Products			Natural Gas			Segment  Total			Corporate			Total
Net revenue (external customers)	$	5,751,164		$	245,079		$	—		$	51,736		$	6,047,979		$	—		$	6,047,979
Net revenue (intersegment)		—			—			—			—			—			—			—
Loss from operations before income tax benefit		(3,661,727	)		(2,240,545	)		(1,329,974	)		(103,384	)		(7,335,630	)		(258,566	)		(7,594,196	)
Income tax benefit		906,887			568,312			285,921			—			1,761,120			—			1,761,120
Loss from operations after Income tax benefit		(2,754,840	)		(1,672,233	)		(1,044,053	)		(103,384	)		(5,574,510	)		(258,566	)		(5,833,076	)
Total assets		169,870,183			29,241,474			128,641,174			1,773,689			329,526,520			37,207			329,563,727
Depreciation and amortization		4,595,037			2,063,460			233,628			72,755			6,964,880			—			6,964,880
Capital expenditures		10,857,541			644,197			—			—			11,501,738			—			11,501,738

* Certain common production overheads, operating and administrative expenses and asset items (mainly cash and certain office equipment) of bromine and crude salt segments in SCHC were split by reference to the average selling price and production volume of the respective segment.

Segment costs

	Three-Month Period Ended June 30,						Six-Month Period Ended June 30,
Reconciliations	2020			2019			2020			2019
Total segment operating loss	$	(2,798,478	)	$	(1,583,274	)	$	(7,938,253	)	$	(7,335,630	)
Corporate costs		(136,956	)		(162,547	)		(233,059	)		(302,993	)
Unrealized gain on translation of intercompany balance		(18,118	)		547,655			382,331			44,427
Loss from operations		(2,953,552	)		(1,198,166	)		(7,788,981	)		(7,594,196	)
Other income, net of expense		36,300			94,477			75,528			191,232
Loss before taxes	$	(2,917,252	)	$	(1,103,689	)	$	(7,713,453	)	$	(7,402,964	)

Major customers

The following table shows the major customer(s) (10% or more) for the three-month period ended June 30, 2020.

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	$	809	$	321	$	—	$	1,130		21.1	%
2	Shandong Brother Technology Limited	$	550	$	300	$	—	$	850		15.8	%
3	Shouguang Weidong Chemical Company Limited	$	982	$	251	$	—	$	1,233		23	%
4	Dongying Bomeite Chemical Company Limited	$	537	$	—	$	—	$	537		10	%
5	Shandong Shouguang Shenrunfa Ocean Chemical Company Limited	$	711	$	—	$	—	$	711		13.3	%

The following table shows the major customer(s) (10% or more) for the six-month period ended June 30, 2020.

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	$	879	$	321	$	—	$	1,200		20.3	%
2	Shandong Brother Technology Limited	$	609	$	300	$	—	$	909		15.4	%
3	Shouguang Weidong Chemical Company Limited	$	1,047	$	251	$	—	$	1,298		21.9	%
4	Dongying Bomeite Chemical Company Limited	$	607	$	—	$	—	$	607		10.3	%
5	Shandong Shouguang Shenrunfa Ocean Chemical Company Limited	$	768	$	—	$	—	$	768		13	%

The following table shows the major customer(s) (10% or more) for the three-month period ended June 30, 2019.

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	$	1,360	$	72	$	—	$	1,432		23.9	%
2	Shouguang Weidong Chemical Company Limited	$	1,100	$	70	$	—	$	1,170		19.5	%
3	Shandong Brother Technology Limited, Kuerle Xingdong Trading Limited	$	1,039	$	102	$	—	$	1,141		19	%
4	shouguang Shenrunfa ocean Chemical Company Limited	$	772	$	—	$	—	$	772		12.9	%

The following table shows the major customer(s) (10% or more) for the six-month period ended June 30, 2019.

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	$	1,360	$	72	$	—	$	1,432		23.9	%
2	Shouguang Weidong Chemical Company Limited	$	1,100	$	70	$	—	$	1,170		19.5	%
3	Shandong Brother Technology Limited, Kuerle Xingdong Trading Limited	$	1,039	$	102	$	—	$	1,141		19	%
4	Shouguang Shenrunfa ocean Chemical Company Limited	$	772	$	—	$	—	$	772		12.9	%