15. BUSINESS SEGMENTS (Tables)

9 Months Ended

Sep. 30, 2020

Segment Reporting [Abstract]

Segment operating income

Three-Month Period Ended September 30, 2020	Bromine*			Crude  Salt*			Chemical  Products			Natural Gas			Segment  Total			Corporate			Total
Net revenue (external customers)	$	9,181,747		$	1,300,438		$	—		$	—		$	10,482,185		$	—		$	10,482,185
Net revenue (intersegment)		—			—			—			—			—			—			—
Income(loss) from operations before income tax benefit (expense)		1,962,262			(484,278	)		(673,377	)		(48,550	)		756,057			(3,489,875	)		(2,733,818	)
Income tax benefit (expense)		(490,553	)		121,066			152,162			—			(217,325	)		—			(217,325	)
Income (loss) from operations after income tax benefit (expense)		1,471,709			(363,212	)		(521,215	)		(48,550	)		538,732			(3,489,875	)		(2,951,143	)
Total assets		127,506,049			34,760,524			114,000,520			1,612,833			277,879,926			16,697			277,896,623
Depreciation and amortization		3,299,845			898,783			114,466			35,383			4,348,477			—			4,348,477
Capital expenditures		—			—			—			—			—			—			—

Three-Month Period Ended September 30, 2019	Bromine*			Crude  Salt*			Chemical  Products			Natural Gas			Segment  Total			Corporate		Total
Net revenue (external customers)	$	4,270,863		$	277,679		$	—		$	—		$	4,548,542		$	—	$	4,548,542
Net revenue (intersegment)		—			—			—			—			—			—		—
Income(loss) from operations before income tax benefit		(5,185,484	)		(1,001,988	)		(744,963	)		(62,265	)		(6,994,700	)		628,291		(6,366,409	)
Income tax (expense) benefit		(5,778,726	)		(1,116,620	)		165,907			—			(6,729,439	)		—		(6,729,439	)
Income(loss) from operations after income tax benefit		(10,964,210	)		(2,118,608	)		(579,056	)		(62,265	)		(13,724,139	)		628,291		(13,095,848	)
Total assets		153,825,697			21,738,770			110,464,372			1,767,155			287,795,994			150,836		287,946,830
Depreciation and amortization		3,303,155			182,538			113,357			35,081			3,634,131			—		3,634,131
Capital expenditures		56,137,239			1,180,129			—			—			57,317,368			—		57,317,368

* 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.

Nine-Month Period Ended September 30, 2020	Bromine*			Crude  Salt*			Chemical  Products			Natural Gas			Segment  Total			Corporate			Total
Net revenue (external customers)	$	14,131,610		$	2,267,728		$	—		$	—		$	16,399,338		$	—		$	16,399,338
Net revenue (intersegment)		—			—			—			—			—			—			—
Loss from operations before income tax benefit (expense)		(2,383,260	)		(2,609,332	)		(2,038,938	)		(150,666	)		(7,182,196	)		(3,340,603	)		(10,522,799	)
Income tax benefit (expense)		577,593			672,311			461,847			—			1,711,751			—			1,711,751
Loss from operations after income tax benefit (expense)		(1,805,667	)		(1,937,021	)		(1,577,091	)		(150,666	)		(5,470,445	)		(3,340,603	)		(8,811,048	)
Total assets		127,506,049			34,760,524			114,000,520			1,612,833			277,879,926			16,697			277,896,623
Depreciation and amortization		8,536,625			2,926,228			339,747			105,102			11,907,702			—			11,907,702
Capital expenditures		3,157,669			646,752			6,055,721			—			9,860,142			—			9,860,142

Nine -Month Period Ended September 30, 2019	Bromine*			Crude  Salt*			Chemical  Products			Natural Gas			Segment  Total			Corporate		Total
Net revenue (external customers)	$	10,022,027		$	522,758		$	—		$	51,736		$	10,596,521		$	—	$	10,596,521
Net revenue (intersegment)		—			—			—			—			—			—		—
Income(loss) from operations before income tax benefit		(8,847,210	)		(3,242,534	)		(2,074,937	)		(165,649	)		(14,330,330	)		369,725		(13,960,605	)
Income tax (expense) benefit		(4,871,839	)		(548,308	)		451,828			—			(4,968,319	)		—		(4,968,319	)
Income(loss) from operations after income tax benefit		(13,719,049	)		(3,790,842	)		(1,623,109	)		(165,649	)		(19,298,649	)		369,725		(18,928,924	)
Total assets		153,825,697			21,738,770			110,464,372			1,767,155			287,795,994			150,836		287,946,830
Depreciation and amortization		8,442,421			1,701,769			346,985			107,836			10,599,011			—		10,599,011
Capital expenditures		56, 137,239			1,180,129			—			—			57,317,368			—		57,317,368

* 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 September 30,						Nine-Month Period Ended September 30,
Reconciliations	2020			2019			2020			2019
Total segment operating income (loss)	$	756,057		$	(6,994,700	)	$	(7,182,196	)	$	(14,330,330	)
Corporate costs		(2,459,213	)		(105,702	)		(2,692,272	)		(408,695	)
Unrealized gain (loss) on translation of intercompany balance		(1,030,662	)		733,993			(648,331	)		778,420
Loss from operations		(2,733,818	)		(6,366,409	)		(10,522,799	)		(13,960,605	)
Other income, net of expense		38,562			66,820			114,089			258,052
Loss before taxes	$	(2,695,256	)	$	(6,299,589	)	$	(10,408,710	)	$	(13,702,553	)

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	$	1,911	$	464	$	—	$	2,375		22.7	%
	2	Shandong Brother Technology Limited	$	1,197	$	452	$	—	$	1,649		15.7	%
	3	Shouguang Weidong Chemical Company Limited	$	1,266	$	383	$	—	$	1,649		15.7	%
	4	Dongying Bomeite Chemical Company Limited	$	1,082	$	—	$	—	$	1,082		10.3	%
	5	Shandong Shouguang Shenrunfa Ocean Chemical Company Limited	$	1,174	$	—	$	—	$	1,174		11.2	%

The following table shows the major customer(s) (10% or more) for the nine-month period ended September 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	$	2,790	$	785	$	—	$	3,575		21.8	%
	2	Shandong Brother Technology Limited	$	1,806	$	752	$	—	$	2,558		15.6	%
	3	Shouguang Weidong Chemical Company Limited	$	2,313	$	634	$	—	$	2,947		18	%
	4	Dongying Bomeite Chemical Company Limited	$	1,689	$	—	$	—	$	1,689		10.3	%
	5	Shandong Shouguang Shenrunfa Ocean Chemical Company Limited	$	1,942	$	—	$	—	$	1,942		11.8	%

The following table shows the major customer(s) (10% or more) for the three-month period ended September 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	$	843	$	103	$	—	$	946		20.8	%
	2	Shouguang Weidong Chemical Company Limited	$	529	$	84	$	—	$	613		13.5	%
	3	Shandong Brother Technology Limited, Kuerle Xingdong Trading Limited	$	500	$	90	$	—	$	590		13	%
	4	Dongying Bomeite Chemical Company Limited	$	557	$	—	$	—	$	557		12.2	%
	5	Shandong Shouguang Shenrunfa Ocean Chemical Company Limited	$	525	$	—	$	—	$	525		11.5	%

The following table shows the major customer(s) (10% or more) for the nine-month period ended September 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	$	2,203	$	175	$	—	$	2,378		22.6	%
	2	Shouguang Weidong Chemical Company Limited	$	1,629	$	154	$	—	$	1,783		16.9	%
	3	Shandong Brother Technology Limited, Kuerle Xingdong Trading Limited	$	1,539	$	192	$	—	$	1,731		16.4	%
	4	Dongying Bomeite Chemical Company Limited	$	1,098	$	—	$	—	$	1,098		10.4	%
	5	Shandong Shouguang Shenrunfa Ocean Chemical Company Limited	$	1,297	$	—	$	—	$	1,297		12.3	%