14. BUSINESS SEGMENTS (Tables)

3 Months Ended

Mar. 31, 2021

Segment Reporting [Abstract]

Segment operating income

Three-Month Period Ended March 31, 2021	Bromine *			Crude Salt *			Chemical Products			Natural Gas			Segment Total			Corporate			Total
Net revenue (external customers)	$	4,810,990		$	448,253		$	—		$	—		$	5,259,243		$	—		$	5,259,243
Net revenue (intersegment)		—			—			—			—			—			—			—
Loss from operations before income benefit		(1,279,565	)		(1,009,585	)		(746,469	)		(54,787	)		(3,090,406	)		(191,018	)		(3,281,424	)
Income tax benefit		318,868			252,396			172,445			—			743,709			—			743,709
Loss from operations after income taxes(benefit)		(960,697	)		(757,189	)		(574,024	)		(54,787	)		(2,346,697	)		(191,018	)		(2,537,715	)
Total assets		144,744,423			24,170,863			121,760,637			1,875,459			292,551,382			42,886			292,594,268
Depreciation and amortization		2,920,689			1,077,460			68,607			37,601			4,104,357			—			4,104,357
Capital expenditures		—			—			—			—			—			—			—

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

* 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.

Segment costs

	Three-Month Period Ended March 31,
Reconciliations	2021			2020
Total segment operating loss	$	(3,090,406	)	$	(5,139,775	)
Corporate costs		(86,206	)		(96,103	)
Unrealized gain (loss) on translation of intercompany balance		(104,812	)		400,449
Loss from operations		(3,281,424	)		(4,835,429	)
Other income		35,591			39,228
Loss before income taxes	$	(3,245,833	)	$	(4,796,201	)

Major customers

The following table shows the major customers (10% or more) for the three-month period ended March 31, 2021.

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	$	896	$	169	$	—	$	1,065		20.2	%
2	Shouguang Weidong Chemical Company Limited	$	703	$	108	$	—	$	811		15.4	%
3	Shandong Brother Technology Limited	$	634	$	172	$	—	$	806		15.3	%
4	Shandong Shouguang Shenrunfa Ocean Chemical Company Limited	$	672	$	—	$	—	$	672		12.8	%
5	Dongying Bomeite Chemical Company Limited	$	565	$	—	$	—	$	565		10.7	%

The following table shows the major customers (10% or more) for the three-month period ended March 31, 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	$	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	%