BUSINESS SEGMENTS (Tables)

12 Months Ended

Dec. 31, 2021

Segment Reporting [Abstract]

Business Segments - Schedule of Segment Reporting Information

Year Ended December 31, 2021	Bromine*			Crude Salt*			Chemical Products			Natural Gas			Segment Total			Corporate			Total
Net revenue (external customers)	$	48,871,396		$	6,080,242		$	—		$	78,948		$	55,030,586		$	—		$	55,030,586
Net revenue (intersegment)		—			—			—			—			—			—			—
Income (loss) from operations before income tax expense		13,364,649			(1,078,320	)		(2,550,561	)		(167,139	)		9,568,629			(4,357,759	)		5,210,870
Income tax (expense) benefit		(3,349,220	)		269,786			(3,218,784	)		—			(6,298,218	)		—			(6,298,218	)
Income (loss) from operations after income tax  (expense) benefit		10,015,429			(808,534	)		(5,769,345	)		(167,139	)		3,270,411			(4,357,759	)		(1,087,348	)
Total assets		155,311,561			30,530,413			122,026,497			1,622,953			309,491,424			365,438			309,856,862
Depreciation and amortization		15,077,729			5,054,976			286,380			124,340			20,543,425			—			20,543,425
Capital expenditures		18,205,560			2,250,126			9,637,454			—			30,093,140			—			30,093,140

Business Segment - Schedule of Reconciliations

	Years Ended December 31,
Reconciliations	2021			2020
Total segment operating Profit (loss)	$	9,568,629		$	(4,922,763	)
Corporate costs		(3,575,099	)		(2,928,603	)
Unrealized gain (loss) on translation of intercompany balance		(782,660	)		(1,832,026	)
Profit (loss) from operations		5,210,870			(9,683,392	)
Other income, net of expense		162,630			154,877
Income (loss) before taxes	$	5,373,500		$	(9,528,515	)

Business Segments - Schedule of Revenue by Major Customers

The following table shows the major customers (10% or more) for the year ended December 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	$	9,314	$	2,338	$	—	$	11,652		21.2	%
	2	Shandong Brother Technology Limited	$	8,018	$	1,999	$	—	$	10,017		18.2	%
	3	Shouguang Weidong Chemical Company Limited	$	7,688	$	1,744	$	—	$	9,432		17.2	%

The following table shows the major customers (10% or more) for the year ended December 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	$	4,901	$	1,062	$	—	$	5,963		21.2	%
	2	Shandong Brother Technology Limited	$	3,188	$	1,083	$	—	$	4,271		15.2	%
	3	Shouguang Weidong Chemical Company Limited	$	3,683	$	876	$	—	$	4,559		16.2	%
	4	Shandong Shouguang Shenrunfa Ocean Chemical Company Limited	$	3,320	$	—	$	—	$	3,320		11.8	%
	5	Dongying Bomeite Chemical Company Limited	$	2,970	$	—	$	—	$	2,970		10.5	%