14. Business Segments

6 Months Ended

Jun. 30, 2020

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 Puerto Blanco mill and the Madero smelter at the Company’s Mexico operation bring antimony up to an intermediate or finished stage, which may be sold directly or shipped to the United States operation for finishing at the Thompson Falls, Montana plant. The Puerto Blanco mill is the site of our crushing and flotation plant, and a cyanide leach plant which will recover precious metals after the ore goes through the crushing and flotation cycles. A precious metals recovery plant is operated in conjunction with the antimony processing plant at Thompson Falls, Montana, where a 99% precious metals mix will be produced. 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, although the Company does have a sales operation in Canada.

Segment disclosure regarding sales to major customers is located in Note 4.

Property, plant and equipment, net:	June 30, 2020		December 31, 2019
Antimony
United States	$	1,648,758	$	1,631,100
Mexico		8,244,499		8,800,820
Subtotal Antimony		9,893,257		10,431,920
Precious metals		939,087		567,738
Zeolite		1,105,022		1,187,190
Total	$	11,937,366	$	12,186,848

	For the Three Months Ended				For the Six Months Ended
	June 30, 2020		June 30, 2019		June 30, 2020		June 30, 2019
Capital expenditures:
Antimony
United States	$	9,327	$	1,368	$	32,448	$	2,713
Mexico		3,897		141,797		30,662		416,703
Subtotal Antimony		13,224		143,165		63,110		419,416
Precious Metals		82,324		6,398		120,845		13,152
Zeolite		8,347		11,447		16,211		41,010
Total	$	103,895	$	161,010	$	200,166	$	473,578

At June 30, 2020 and December 31, 2019, the Company had $841,503 and $1,306,579, respectively, of assets that were not yet placed in service and have not yet been depreciatied.

Segment Operations for the three months ended June 30, 2020	Antimony USA		Antimony Mexico			Total Antimony			Precious Metals		Zeolite			Totals
Total revenues	$	910,484	$	-		$	910,484		$	61,992	$	612,715		$	1,585,191
Depreciation and amortization	$	7,394	$	146,101		$	153,495		$	20,683	$	49,189		$	223,367
Income (loss) from operations	$	126,208	$	(559,575	)	$	(433,367	)	$	41,308	$	115,583		$	(276,476	)
Other income (expense):		4,739		-			4,739			-		(2,546	)		2,193
NET INCOME (LOSS)	$	130,947	$	(559,575	)	$	(428,628	)	$	41,308	$	113,037		$	(274,283	)

Segment Operations for the three months ended June 30, 2019	Antimony USA			Antimony Mexico			Total Antimony			Precious Metals		Zeolite			Totals
Total revenues	$	1,194,535		$	313,053		$	1,507,588		$	60,523	$	704,172		$	2,272,283
Depreciation and amortization	$	10,878		$	149,083		$	159,961		$	17,011	$	46,301		$	223,273
Income (loss) from operations		(56,245	)		(629,422	)		(685,667	)		43,513		181,736			(460,418	)
Other income (expense):		(4,420	)		(18,051	)		(22,471	)		-		(3,150	)		(25,621	)
NET INCOME (LOSS)	$	(60,665	)	$	(647,473	)	$	(708,138	)	$	43,513	$	178,586		$	(486,039	)

Segment Operations for the six months ended June 30, 2020	Antimony USA		Antimony Mexico			Total Antimony			Precious Metals		Zeolite			Totals
Total revenues	$	2,031,909	$	-		$	2,031,909		$	124,198	$	1,172,075		$	3,328,182
Depreciation and amortization	$	14,789	$	292,199		$	306,988		$	44,281	$	98,379		$	449,648
Income (loss) from operations	$	365,559	$	(1,278,641	)	$	(913,082	)	$	79,917	$	253,743		$	(579,422	)
Other income (expense):		1,824		-			1,824			-		(5,567	)		(3,743	)
NET INCOME (LOSS)	$	367,383	$	(1,278,641	)	$	(911,258	)	$	79,917	$	248,176		$	(583,165	)

Segment Operations for the sixmonths ended June 30, 2019	Antimony USA			Antimony Mexico			Total Antimony			Precious Metals		Zeolite			Totals
Total revenues	$	2,739,819		$	473,592		$	3,213,411		$	85,050	$	1,430,187		$	4,728,648
Depreciation and amortization	$	21,755		$	298,168		$	319,923		$	34,021	$	92,602		$	446,546
Income (loss) from operations		(108,341	)		(1,432,098	)		(1,540,439	)		51,029		345,225			(1,144,185	)
Other income (expense):		(5,787	)		(36,338	)		(42,125	)		-		(7,189	)		(49,314	)
NET INCOME (LOSS)	$	(114,128	)	$	(1,468,436	)	$	(1,582,564	)	$	51,029	$	338,036		$	(1,193,499	)