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3. Revenue Recognition
12 Months Ended
Dec. 31, 2018
Revenue Recognition [Abstract]  
Revenue Recognition

Sales of products for the years ended December 31, 2018, and 2017, were as follows:

 

    Fiscal Year Ended  
    December 31,    
    2018     2017  
Antimony   $ 6,113,014     $ 7,588,470  
Zeolite     2,666,944       2,266,636  
Precious metals     254,445       374,872  
    $ 9,034,403     $ 10,229,978  

 

The following is sales information by geographic area based on the location of customers for the years ended December 31, 2018, and 2017.

 

    Fiscal Year Ended  
    December 31,    
    2018     2017  
United States   $ 8,242,141     $ 9,510,211  
Canada     792,262       719,767  
    $ 9,034,403     $ 10,229,978  

 

Sales of products to significant customers were as follows for the years ended December 31, 2018, and 2017:

 

Sales to   For the Year Ended  
Largest Customers  

December 31,

2018

   

December 31,

2017

 
Mexichem Specialty Compounds Inc.   $ 2,698,770     $ 3,335,046  
East Penn Manufacturing Inc     -       512,621  
Kohler Corporation     1,441,197       1,928,692  
Ampacet     538,922       -  
    $ 4,678,889     $ 5,776,359  
% of Total Revenues     51.79 %     56.50 %

 

Accounts receivable from largest customers were as follows for December 31, 2018, and 2017:

 

Largest            
Accounts Receivable  

December 31,

2018

   

December 31,

2017

 
Nutreco Canada Inc.         $ 25,657  
DanaMart   $ 143,890     $ -  
Teck American Inc     -       241,267  
Axens North America Inc.     34,912       -  
Earth Innovations Inc.     35,967       -  
Ralco Mix Products     -       16,000  
    $ 214,769     $ 282,924  
% of Total Receivables     49.00 %     78.10 %

 

The Company’s trade accounts receivable balance related to contracts with customers was $438,391 at December 31, 2018 and $362,579 at December 31, 2017.