REVENUE RECOGNITION

6 Months Ended

Jun. 30, 2022

REVENUE RECOGNITION

4. REVENUE RECOGNITION

NOTE 4 – REVENUE RECOGNITION

Products consist of the following:

· Antimony: includes antimony oxide, sodium antimonate, antimony trisulfide and antimony metal

· Zeolite: includes coarse and fine zeolite crushed in various sizes

· Precious metals: includes unrefined and refined gold and silver

Sales of products for the three-months ended June 30, 2022 and 2021 were as follows:

	For the three months ended
	June 30, 2022		June 30, 2021
Antimony	$	2,472,081	$	1,428,939
Zeolite		1,020,391		716,428
Precious metals		95,453		130,195
TOTAL REVENUE BY PRODUCT	$	3,587,925	$	2,275,562

Sales of products for the six months ended June 30, 2022 and 2021 were as follows:

	For the six months ended
	June 30, 2022		June 30, 2021
Antimony	$	5,301,011	$	2,086,046
Zeolite		1,694,433		1,236,375
Precious metals		172,787		206,428
TOTAL REVENUE BY PRODUCT	$	7,168,231	$	3,528,849

For the three and six months ended June 30, 2022, the Company also received royalties related to a trademark and licensing agreement in its antimony business segment. For the three and six months ended June 30, 2022, trademark and licensing income of $60,775 is included in other income in the antimony business segment (Note 12). For the three and six months ended June 30, 2021, trademark and licensing income was $Nil.

The Company’s trade accounts receivable balance related to contracts with customers was $1,604,660 at June 30, 2022 and $891,314 at December 31, 2021. The Company’s products do not involve any warranty agreements and product returns are not typical.