13. Business Segments

6 Months Ended

Jun. 30, 2017

Segment Reporting [Abstract]

Business Segments

The Company is currently organized and managed 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 is typically 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 9.

	For the Three Months Ended				For the Six Months Ended
	June 30, 2017		June 30, 2016		June 30, 2017		June 30, 2016
Capital expenditures:
Antimony
United States	$	-	$	5,583	$	-	$	25,983
Mexico		47,033		104,618		75,716		312,505
Subtotal Antimony		47,033		110,201		75,716		338,488
Precious Metals		16,582		-		59,582		-
Zeolite		8,030		20,023		15,946		61,791
Total	$	71,645	$	130,224	$	151,244	$	400,279

Properties, plants
and equipment, net:	June 30, 2017		December 31, 2016
Antimony
United States	$	1,656,131	$	1,694,331
Mexico		11,768,133		11,984,467
Subtotal Antimony		13,424,264		13,678,798
Precious metals		604,197		544,615
Zeolite		1,388,699		1,472,553
Total	$	15,417,160	$	15,695,966

Total Assets:	June 30, 2017	December 31, 2016
Antimony
United States	$           2,419,320	$           2,495,842
Mexico	12,500,099	12,681,109
Subtotal Antimony	14,919,419	15,176,951
Precious metals	604,197	544,615
Zeolite	2,009,779	2,044,432
Total	$         17,533,395	$         17,765,998

Segment Operations for the three	Antimony			Antimony			Precious
months ended June 30, 2017	USA			Mexico			Metals		Zeolite			Totals
Total revenues	$	2,077,300		$	-		$	144,766	$	616,414		$	2,838,480
Depreciation and amortization	$	18,700		$	145,875		$	-	$	49,800		$	214,375
Income (loss) from operations		844,257			(1,089,834	)		144,766		132,640			31,829
Other income (expense):		(11,965	)		(33,605	)		-		(3,214	)		(48,784	)
NET INCOME (LOSS)	$	832,292		$	(1,123,439	)	$	144,766	$	129,426		$	(16,955	)

Segment Operations for the three	Antimony			Antimony			Precious
months ended June 30, 2016	USA			Mexico			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 six	Antimony			Antimony			Precious
months ended June 30, 2017	USA			Mexico			Metals		Zeolite			Totals
Total revenues	$	4,046,026		$	17,782		$	165,577	$	1,228,426		$	5,457,811
Depreciation and amortization	$	38,200		$	292,050				$	99,800		$	430,050
Income (loss) from operations		1,173,160			(1,841,012	)		165,577		222,232			(280,044	)
Income tax expense		-			-			-		-			-
Other income (expense):		(23,044	)		(98,569	)		-		(6,602	)		(128,215	)
NET INCOME (LOSS)	$	1,150,115		$	(1,939,581	)	$	165,577	$	215,630		$	(408,258	)

Segment Operations for the six	Antimony			Antimony			Precious
months ended June 30, 2016	USA			Mexico			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	)