14. Business Segments

6 Months Ended

Jun. 30, 2016

Segment Reporting [Abstract]

Business Segments

The Company is currently organized by four segments which represent our operating units: United States antimony operations, Mexican antimony operations, precious metals recovery and United States zeolite operations.

The Madero smelter and Puerto Blanco mill at the Company’s Mexico operation brings antimony up to an intermediate stage, which can be sold directly or shipped to the United States operation for finishing and sales at the Thompson Falls, Montana plant. The precious metals recovery plant is operated in conjunction with the antimony processing plant at Thompson Falls, Montana. The Zeolite operation produces Zeolite near Preston, Idaho. Almost all of the sales of products from the United States antimony and Zeolite operations are to customers in the United States.

Disclosure of the activity relating to our precious metals recovery requires that it be reported as a separate business segment. The prior period comparative information has been reclassified to reflect this change.

Segment disclosure regarding sales to major customers is located in Note 10.

Properties, plants and equipment, net:	June 30, 2016		December 31, 2015
Antimony
United States	$	1,753,001	$	1,766,328
Mexico		12,297,268		12,539,805
Subtotal Antimony		14,050,269		14,306,133
Precious metals		390,650		171,074
Zeolite		1,508,317		1,553,126
Total	$	15,949,236	$	16,030,333

Total Assets:	June 30, 2016		December 31, 2015
Antimony
United States	$	2,740,833	$	2,505,189
Mexico		13,077,444		13,367,960
Subtotal Antimony		15,818,277		15,873,149
Precious metals		390,650		171,074
Zeolite		2,025,812		2,215,978
Total	$	18,234,739	$	18,260,201

	For the Three Months Ended				For the Six Months Ended
	June 30, 2016		June 30, 2015		June 30, 2016		June 30, 2015
Capital expenditures:
Antimony
United States	$	5,583	$	-	$	25,983	$	-
Mexico		104,618		349,550		312,505		871,310
Subtotal Antimony		110,201		349,550		338,488		871,310
Zeolite		20,023		22,189		61,791		33,474
Total	$	130,224	$	371,739	$	400,279	$	904,784

Segment Operations for the three months ended June 30, 2016	Antimony USA			Antimony Mexico			Precious Metals		Zeolite			Totals
Total revenues	$	2,056,644					$	141,495	$	816,255		$	3,014,394
Depreciation and amortization		24,900			138,950					49,600			213,450
Income (loss) from operations		974,565			(1,328,242	)		141,495		104,056			(108,126	)
Income tax expense		(12,000	)										(12,000	)
Other income (expense):		(8,454	)		(24,505	)				(3,585	)		(36,544	)
NET INCOME (LOSS)	$	954,111		$	(1,352,747	)	$	141,495	$	100,471		$	(156,670	)

Segment Operations for the three months ended June 30, 2015	Antimony USA			Antimony Mexico			Precious Metals		Zeolite			Totals
Total revenues	$	2,732,756		$	-		$	73,636	$	581,850		$	3,388,242
Depreciation and amortization		14,500			151,875					56,000			222,375
Income (loss) from operations		984,754			(1,402,086	)		73,636		155,530			(188,166	)
Other income (expense):		(7,878	)		(344	)		-		(1,373	)		(9,595	)
NET INCOME (LOSS)	$	976,876		$	(1,402,430	)	$	73,636	$	154,157		$	(197,761	)

Segment Operations for the six months ended June 30, 2016	Antimony USA			Antimony Mexico			Precious Metals		Zeolite			Totals
Total revenues	$	4,595,977		$	-		$	324,343	$	1,399,609		$	6,319,929
Depreciation and amortization		40,400			295,100					106,600			442,100
Income (loss) from operations		1,858,762			(2,607,754	)		324,343		134,266			(290,383	)
Income tax expense		(12,000	)										(12,000	)
Other income (expense):		(14,430	)		(24,505	)				(3,958	)		(42,893	)
NET INCOME (LOSS)	$	1,832,332		$	(2,632,259	)	$	324,343	$	130,308		$	(345,276	)

Segment Operations for the six months ended June 30, 2015	Antimony USA			Antimony Mexico			Precious Metals		Zeolite			Totals
Total revenues	$	4,972,515		$	12,248		$	196,301	$	1,166,611		$	6,347,675
Depreciation and amortization		29,650			300,750					112,000			442,400
Income (loss) from operations		2,795,708			(2,872,206	)		196,301		137,671			257,474
Other income (expense):		(11,977	)		(812	)		-		(2,418	)		(15,207	)
NET INCOME (LOSS)	$	2,783,731		$	(2,873,018	)	$	196,301	$	135,253		$	242,267