UNITED STATES ANTIMONY CORP Segments Disclosure
NOTE 13 – BUSINESS SEGEMENTS
The Company is organized and managed via four segments, which represent our operating units: United States antimony operations, Mexico antimony operations, precious metals recovery operations, and United States zeolite operations.
Total assets by segment at December 31, 2023 and 2022 were as follows:
|
| December 31, |
|
| December 31, |
| ||
Total Assets: |
| 2023 |
|
| 2022 |
| ||
Antimony segment: |
|
|
|
|
|
| ||
United States total assets |
| $ | 14,769,408 |
|
| $ | 21,636,386 |
|
Mexico total assets |
|
| 7,132,885 |
|
|
| 8,484,131 |
|
Subtotal antimony segment |
| $ | 21,902,293 |
|
| $ | 30,120,517 |
|
Precious metals segment: |
|
|
|
|
|
|
|
|
United States total assets |
| $ | 92,718 |
|
| $ | 172,004 |
|
Mexico total assets |
|
| 625,974 |
|
|
| 625,292 |
|
Subtotal precious metals segment |
| $ | 718,692 |
|
| $ | 797,296 |
|
Zeolite segment |
|
| 5,474,010 |
|
|
| 3,782,637 |
|
Total Assets |
| $ | 28,094,995 |
|
| $ | 34,700,450 |
|
Total capital expenditures by segment for the years ended December 31, 2023 and 2022 were as follows:
Capital expenditures |
| December 31, |
|
| December 31, |
| ||
|
| 2023 |
|
| 2022 |
| ||
Antimony segment: |
|
|
|
|
|
| ||
United States capital expenditures |
| $ | 61,851 |
|
| $ | 81,931 |
|
Mexico capital expenditures |
|
| 182,321 |
|
|
| 324,961 |
|
Subtotal antimony segment |
| $ | 244,172 |
|
| $ | 406,892 |
|
Precious metals segment |
|
| - |
|
|
| 17,518 |
|
Zeolite segment |
|
| 1,284,500 |
|
|
| 1,463,605 |
|
TOTAL CAPITAL EXPENDITURES |
| $ | 1,528,672 |
|
| $ | 1,888,015 |
|
Selected segment operational information for the years ended December 31, 2023 and 2022 were as follows:
Segment operations for the year ended December 31, 2023 |
| Antimony |
|
| Antimony |
|
| Total |
|
| Precious |
|
|
|
|
| ||||||||
| USA |
|
| Mexico |
|
| Antimony |
|
| Metals |
|
| Zeolite |
|
| Total |
| |||||||
Total revenues |
|
| 5,416,092 |
|
|
| 488,388 |
|
|
| 5,904,480 |
|
|
| 326,496 |
|
|
| 2,462,179 |
|
|
| 8,693,155 |
|
Depreciation and amortization |
|
| 39,328 |
|
|
| 550,683 |
|
|
| 590,011 |
|
|
| 110,693 |
|
|
| 258,741 |
|
|
| 959,445 |
|
Income (loss) from operations |
|
| (662,326 | ) |
|
| (5,857,872 | ) |
|
| (6,520,198 | ) |
|
| 215,803 |
|
|
| (764,606 | ) |
|
| (7,069,001 | ) |
Other income (expense) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 720,714 |
|
Income tax expense |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| - |
|
NET INCOME (LOSS) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| (6,348,287 | ) |
Segment operations for the year ended December 31, 2022 |
| Antimony |
|
| Antimony |
|
| Total |
|
| Precious |
|
|
|
|
| ||||||||
| USA |
|
| Mexico |
|
| Antimony |
|
| Metals |
|
| Zeolite |
|
| Total |
| |||||||
Total revenues |
|
| 6,803,848 |
|
|
| 827,822 |
|
|
| 7,631,670 |
|
|
| 261,707 |
|
|
| 3,151,330 |
|
|
| 11,044,707 |
|
Depreciation and amortization |
|
| 40,978 |
|
|
| 589,877 |
|
|
| 630,855 |
|
|
| 110,540 |
|
|
| 167,825 |
|
|
| 909,220 |
|
Income (loss) from operations |
|
| 2,307,649 |
|
|
| (2,285,059 | ) |
|
| 22,590 |
|
|
| 151,167 |
|
|
| 174,448 |
|
|
| 348,205 |
|
Other income (expense) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 96,529 |
|
Income tax expense |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| (16,073 | ) |
NET INCOME (LOSS) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 428,661 |
|
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2023 | Apr 12, 2024 | Showing above |
| 2022 | Jul 18, 2023 | |
About Segments Disclosures
Segment disclosures break a company into its reportable operating units, revealing revenue, profit, and asset allocation that consolidated financial statements obscure. Under ASC 280, segments must match how the chief operating decision maker views the business, providing a window into internal management structure and resource allocation priorities.
Key signals: compare segment margins to identify which units drive profitability and which destroy value. Watch for changes in the number of reportable segments — segment aggregation or disaggregation often coincides with strategic shifts or attempts to obscure declining performance. Intersegment elimination patterns reveal internal pricing practices. The reconciliation between segment totals and consolidated figures exposes corporate overhead allocation and unallocated items. Geographic revenue concentration highlights regulatory and currency exposure. Compare segment-level capital expenditure against segment revenue to assess where management is investing for future growth versus harvesting existing assets.