v3.25.1
BUSINESS SEGMENTS (Tables)
 3 Months Ended
Mar. 31, 2025
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment [Table Text Block]
Three-Month Period Ended March 31, 2025   Bromine * 

Crude

Salt *

 

Chemical

Products

  Natural Gas 

Segment

Total

  Corporate   Total
Net revenue
(external customers)		  $1,481,869   $122,578   $—   $—   $1,604,447   $—   $1,604,447 
Net revenue
(intersegment)		   —    —    —    —    —    —    — 
Loss from operations before income expense   (3,370,836)   (554,062)   (358,629)   (44,844)   (4,328,371)   (281,836)   (4,610,207)
Income tax (expense) benefit   —    —    —    —    —    —    — 
Loss from operations after income taxes(expense) benefit   (3,370,836)   (554,062)   (358,629)   (44,844)   (4,328,371)   (281,836)   (4,610,207)
Total assets   79,995,961    46,300,814    38,410,493    929,031    165,636,299    93,640    165,729,939 
Depreciation and amortization   3,258,222    644,677    67,663    32,962    4,003,524    —    4,003,524 
Capital expenditures   —    —    —    —    —    —    — 

 

Three-Month Period Ended March 31, 2024  Bromine * 

Crude

Salt *

 

Chemical

Products

  Natural Gas 

Segment

Total

  Corporate  Total
Net revenue
(external customers)		  $1,146,197   $116,671   $—   $44,194   $1,307,062   $—   $1,307,062 
Net revenue
(intersegment)		   —    —    —    —    —    —    — 
Loss from operations before income expense   (4,782,815)   (75,092)   (314,824)   (27,709)   (5,200,440)   (68,979)   (5,269,419)
Income tax (expense) benefit   1,198,071    —    71,989    —    1,270,060    —    1,270,060 
Loss from operations after income taxes(expense) benefit   (3,584,744)   (75,092)   (242,835)   (27,709)   (3,930,380)   (68,979)   (3,999,359)
Total assets   100,370,933    11,517,576    107,776,242    1,912,377    221,577,128    250,287    221,827,415 
Depreciation and amortization   4,449,468    181,891    68,357    33,759    4,733,475    —    4,733,475 
Capital expenditures   —    —    —    —    —    —    — 

 

* Certain common production overheads, operating and administrative expenses and asset items (mainly cash and certain office equipment) of bromine and crude salt segments in SCHC were split by reference to the average selling price and production volume of the respective segment.

 

 

 

NOTE 17 – BUSINESS SEGMENTS – Continued

 
Business Segments - Schedule of Segment Reconciliations
                 
   Three-Month Period Ended March 31,
Reconciliations  2025  2024
Total segment operating loss  $(4,328,371)  $(5,200,440)
Corporate costs   (281,836)   (68,979)
Unrealized gain (loss) on translation of intercompany balance   —    — 
Loss from operations   (4,610,207)   (5,269,419)
Other income   (19,293)   11,230 
Other Expenses   —    (4,003)
Loss before taxes  $(4,629,500)  $(5,262,192)
Business Segments - Schedule of Revenue by Major Customers

The following table shows the major customers (10% or more) for the three-month period ended March 31, 2025.

 

Number  Customer 

Bromine

(000’s)

 

Crude Salt

(000’s)

 

Chemical Products

(000’s)

 

Total

Revenue

 (000’s)

 

Percentage of

Total

Revenue (%)

 1   Shandong Morui Chemical Company Limited  $196   $58   $—   $254    15.8%
 2   Shandong Brother Technology Limited   193    36    —    229    14.3%
 3   Shouguang Weidong Chemical Company Limited   197    28    —    225    14.0%
 4   Shandong Shouguangshen Runfa Marine Chemical Company Limited  $195   $—   $—   $195    12.1%

 

The following table shows the major customers (10% or more) for the three-month period ended March 31, 2024.

 

Number  Customer 

Bromine

(000’s)

 

Crude Salt

(000’s)

 

Chemical Products

(000’s)

 

Total

Revenue

 (000’s)

 

Percentage of

Total

Revenue (%)

 1   Shandong Morui Chemical Company Limited  $134   $63   $—   $197    15.1%
 2   Shouguang Weidong Chemical Company Limited   135    26    —    161    12.3%
 3   Shandong Brother Technology Limited   133    28    —    161    12.3%
 4   Shandong Shouguangshen Runfa Marine Chemical Company Limited  $135   $—   $—   $135    10.3%