United States Antimony (UAMY) 10-Q 8 May 14 2014 Q1 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	3 Months Ended
	Mar. 31, 2014	7-May-14
Document And Entity Information	'	'
Entity Registrant Name	'UNITED STATES ANTIMONY CORP	'
Entity Central Index Key	'0000101538	'
Document Type	'10-Q	'
Document Period End Date	31-Mar-14	'
Amendment Flag	'false	'
Current Fiscal Year End Date	'--12-31	'
Is Entity a Well-known Seasoned Issuer?	'No	'
Is Entity a Voluntary Filer?	'No	'
Is Entity's Reporting Status Current?	'Yes	'
Entity Filer Category	'Accelerated Filer	'
Entity Common Stock, Shares Outstanding	'	63,364,540
Document Fiscal Period Focus	'Q1	'
Document Fiscal Year Focus	'2014	'

Consolidated_Balance_Sheets

Consolidated Balance Sheets (USD $)	Mar. 31, 2014	Dec. 31, 2013
Current assets:	'	'
Cash and cash equivalents	$4,851	$20,343
Certificates of deposit	248,915	246,565
Accounts receivable, net	872,861	576,021
Inventories	680,685	1,034,770
Other current assets	80,352	32,865
Total current assets	1,887,664	1,910,564
Properties, plants and equipment, net	12,520,820	12,395,645
Restricted cash for reclamation bonds	75,501	75,501
Other assets	552,230	509,281
Total assets	15,036,215	14,890,991
Current liabilities:	'	'
Checks issued and outstanding	37,179	0
Accounts payable	1,943,813	1,734,767
Due to factor	218,223	177,701
Accrued payroll, taxes and interest	138,865	124,937
Other accrued liabilities	53,935	50,745
Payables to related parties	1,466	15,549
Deferred revenue	92,138	110,138
Notes payable to bank	154,503	138,520
Long-term debt, current portion	399,391	126,984
Total current liabilities	3,039,513	2,479,341
Long-term debt, net of current portion	767,712	1,002,215
Stock payable to directors for services	150,000	150,000
Asset retirement obligation and accrued reclamation costs	259,590	257,580
Total liabilities	4,216,815	3,889,136
Stockholders' equity:	'	'
Preferred stock $0.01 par value, 10,000,000 shares authorized: Series A: -0- shares issued and outstanding	0	0
Series B: 750,000 shares issued and outstanding (liquidation preference $892,500 and $885,000, respectively)	7,500	7,500
Series C: 177,904 shares issued and outstanding (liquidation preference $97,847)	1,779	1,779
Series D: 1,751,005 shares issued and outstanding (liquidation preference $4,796,731)	17,509	17,509
Common stock, $0.01 par value, 90,000,000 shares authorized; 63,281,206 and 63,156,206 shares issued and outstanding, respectively	632,812	631,562
Additional paid-in capital	32,204,714	32,030,249
Accumulated deficit	-22,044,914	-21,686,744
Total stockholders' equity	10,819,400	11,001,855
Total liabilities and stockholders' equity	$15,036,215	$14,890,991

Consolidated_Balance_Sheets_Pa

Consolidated Balance Sheets (Parenthetical) (USD $)	Mar. 31, 2014	Dec. 31, 2013
Stockholders' equity:	'	'
Series A Preferred stock, par value	$0.01	$0.01
Series A Preferred stock, authorized shares	10,000,000	10,000,000
Series A Preferred stock, issued shares	0	0
Series A Preferred stock, outstanding shares	0	0
Series B Preferred stock, par value	$0.01	$0.01
Series B Preferred stock, authorized shares	10,000,000	10,000,000
Series B Preferred stock, issued shares	750,000	750,000
Series B Preferred stock, outstanding shares	750,000	750,000
Series B liquidation preference	$892,500	$885,000
Series C Preferred stock, par value	$0.01	$0.01
Series C Preferred stock, authorized shares	10,000,000	10,000,000
Series C Preferred stock, issued shares	177,904	177,904
Series C Preferred stock, outstanding shares	177,904	177,904
Series C liquidation preference	97,847	97,847
Series D Preferred stock, par value	$0.01	$0.01
Series D Preferred stock, authorized shares	10,000,000	10,000,000
Series D Preferred stock, issued shares	1,751,005	1,751,005
Series D Preferred stock, outstanding shares	1,751,005	1,751,005
Series D liquidation preference	$4,796,731	$4,755,582
Common stock, par value	$0.01	$0.01
Common stock, authorized shares	90,000,000	90,000,000
Common stock, issued shares	63,281,206	63,156,206
Common stock, outstanding shares	63,281,206	63,156,206

Consolidated_Statements_of_Ope

Consolidated Statements of Operations (Unaudited) (USD $)	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Income Statement [Abstract]	'	'
REVENUES	$2,952,314	$2,966,775
COST OF REVENUES	3,004,854	3,028,909
GROSS PROFIT (LOSS)	-52,540	-62,134
OPERATING EXPENSES:	'	'
General and administrative	207,497	224,518
Professional fees	91,238	101,985
Gain on sale of equipment	-5,450	0
TOTAL OPERATING EXPENSES	293,285	293,285
LOSS FROM OPERATIONS	-345,825	-355,419
OTHER INCOME (EXPENSE):	'	'
Interest income	2,758	3,089
Interest expense	-114	-1,461
Factoring expense	-14,989	-21,816
TOTAL OTHER INCOME (EXPENSE)	-12,345	-20,188
NET LOSS	($358,170)	($408,825)
Net loss per share of common stock:	'	'
Basic and Diluted	($0.01)	($0.01)
Weighted average shares outstanding :	'	'
Basic and Diluted	63,224,806	61,896,726

Consolidated_Statements_of_Cas

Consolidated Statements of Cash Flows (Unaudited) (USD $)	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Cash Flows From Operating Activities:	'	'
Net income loss	($358,170)	($408,825)
Adjustments to reconcile net loss to net cash provided (used) by operating activities:	'	'
Depreciation and amortization expense	185,462	181,918
Accretion of asset retirement obligation	2,010	2,010
Common stock issued to directors for services	0	2,628
Gain on sale of asset	5,450	0
Change in:	'	'
Accounts receivable, net	-296,840	-180,139
Inventories	354,085	177,457
Other current assets	-48,387	-40,301
Other assets	-45,299	-21,639
Accounts payable	214,761	-113,623
Due to factor	40,522	281,194
Accrued payroll, taxes and interest	13,928	11,511
Other accrued liabilities	3,190	3,762
Deferred revenue	-18,000	0
Payables to related parties	-14,083	-342
Net cash provided (used) by operating activities	38,629	-104,389
Cash Flows From Investing Activities:	'	'
Purchase of properties, plants and equipment	-296,147	-456,876
Net cash used by investing activities	-296,147	-456,876
Cash Flows From Financing Activities:	'	'
Proceeds from issuance of long term debt	50,000	0
Proceeds from sales of common stock	170,000	0
Proceeds from notes payable to bank	15,983	0
Principal payments of long-term debt	-31,136	-46,252
Change in checks issued and payable	37,179	0
Net cash provided (used) by financing activities	242,026	-46,252
NET DECREASE IN CASH AND CASH EQUIVALENTS	-15,492	-607,517
Cash and cash equivalents at beginning of period	20,343	1,000,811
Cash and cash equivalents at end of period	4,851	0
Noncash investing activities:	'	'
Properties, plants & equipment acquired with long-term debt	19,040	0
Properties, plants and equipment acquired with accounts payable	0	15,750
Noncash financing activities:	'	'
Equipment sold for note receivable	$10,000	$0

1_Basis_of_Presentation

1. Basis of Presentation	3 Months Ended
	Mar. 31, 2014
Accounting Policies [Abstract]	'
Basis of Presentation	'
	The unaudited consolidated financial statements have been prepared by the Company in accordance with accounting principles generally accepted in the United States of America for interim financial information, as well as the instructions to Form 10-Q.  Accordingly, they do not include all of the information and footnotes required by accounting principles generally accepted in the United States of America for complete financial statements. In the opinion of the Company’s management, all adjustments (consisting of only normal recurring accruals) considered necessary for a fair presentation of the interim financial statements have been included. Operating results for the three month periods ended March 31, 2014, are not necessarily indicative of the results that may be expected for the full year ending December 31, 2014.
	Reclassifications
	Certain consolidated financial statement amounts for the three month periods ended March 31, 2013, have been reclassified to conform to the 2014 presentation.  These reclassifications had no effect on the net income (loss) or accumulated deficit as previously reported.
	Management estimates their effective tax rate at 0% for the current year.
	For further information refer to the financial statements and footnotes thereto in the Company’s Annual Report on Form 10-K for the year ended December 31, 2013.
	During the three months ended March 31, 2014 and 2013, the Company incurred interest expense of $11,689 and $6,058, respectively, of which $11,575, and $4,597, respectively, has been capitalized as part of the cost of construction projects in Mexico.

2_Income_Loss_Per_Common_Share

2. Income (Loss) Per Common Share	3 Months Ended
	Mar. 31, 2014
Net loss per share of common stock:	'
Income (Loss) Per Common Share	'
	Basic earnings per share is calculated by dividing net income (loss) available to common stockholders by the weighted average number of common shares outstanding during the period.  Diluted earnings per share is calculated based on the weighted average number of common shares outstanding during the period plus the effect of potentially dilutive common stock equivalents, including warrants to purchase the Company's common stock and convertible preferred stock.  Management has determined that the calculation of diluted earnings per share for the three month periods ended March 31, 2014 and March 31, 2013, is not applicable since any additions to outstanding shares related to common stock equivalents would be anti-dilutive.
	As of March 31, 2014 and 2013, the potentially dilutive common stock equivalents not included in the calculation of diluted earnings per share as their effect would have been anti-dilutive are as follows:
		3/31/14		3/31/13
	Warrants		2,364,407		1,934,667
	Convertible preferred stock		1,751,005		1,751,005
	Total possible dilution		4,115,412		3,685,672

3_Inventories

3. Inventories	3 Months Ended
	Mar. 31, 2014
Inventory Disclosure [Abstract]	'
Inventories	'
	Inventories at March 31, 2014, and December 31, 2013, consisted primarily of finished antimony products, antimony metal, antimony ore, and finished zeolite products that are stated at the lower of first-in, first-out cost or estimated net realizable value. Finished antimony products, antimony metal and finished zeolite products costs include raw materials, direct labor and processing facility overhead costs and freight. Inventory at March 31, 2014 and December 31, 2013, is as follows:
		March 31,		December 31,
		2014		2013
	Antimony Metal	$	45,522	$	33,850
	Antimony Oxide		268,557		535,251
	Antimony Concentrate		134,043		93,190
	Antimony Ore		120,643		106,519
	Total antimony		568,765		768,810
	Zeolite		111,920		265,960
		$	680,685	$	1,034,770

4_Accounts_Receivable_and_Due_

4. Accounts Receivable and Due to Factor	3 Months Ended
	Mar. 31, 2014
Notes to Financial Statements	'
Accounts Receivable and Due to Factor	'
	The Company factors designated trade receivables pursuant to a factoring agreement with LSQ Funding Group L.C., an unrelated factor (the “Factor”).  The agreement specifies that eligible trade receivables are factored with recourse. We submit selected trade receivables to the factor, and receive 83% of the face value of the receivable by wire transfer. The Factor withholds 15% as retainage, and 2% as a servicing fee.  Upon payment by the customer, we receive the remainder of the amount due from the factor.  The 2% servicing fee is recorded on the consolidated statement of operations in the period of sale to the factor. John Lawrence, CEO, is a personal guarantor of the amount due to Factor.
	Trade receivables assigned to the Factor are carried at the original invoice amount less an estimate made for doubtful accounts.  Under the terms of the recourse provision, the Company is required to reimburse the Factor, upon demand, for factored receivables that are not paid on time.  Accordingly, these receivables are accounted for as a secured financing arrangement and not as a sale of financial assets.  The allowance for doubtful accounts is based on management’s regular evaluation of individual customer’s receivables and consideration of a customer’s financial condition and credit history.  Trade receivables are written off when deemed uncollectible.  Recoveries of trade receivables previously written off are recorded when received.  Interest is not charged on past due accounts.
	We present the receivables, net of allowances, as current assets and we present the amount potentially due to the Factor as a secured financing in current liabilities.
	Accounts Receivable	March 31,			December 31,
		2014			2013
	Accounts receivable - non factored	$	658,669		$	402,351
	Accounts receivable - factored with recourse		218,223			177,701
	less allowance for doubtful accounts		(4,031	)		(4,031	)
	Accounts receivable - net	$	872,861		$	576,021

5_Other_Assets

5. Other Assets	3 Months Ended
	Mar. 31, 2014
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]	'
Other Assets	'
	Guadalupe
	On March 7, 2012 and on April 4, 2012 the Company entered into a supply agreement and a loan agreement, respectively, (“the Agreements”) with several individuals collectively referred to as ‘Grupo Roga’ or ‘Guadalupe.’  The individuals are the holders of mining concessions located in Mexico in which the Company is interested.  The supply agreement specified that the Company would advance monies to Guadalupe for specific expenses, including repairs of road and payment of mining taxes.  In addition, the Company agreed to purchase antimony ore mined at Guadalupe and pay for mining and trucking costs incurred with the condition that the ore maintain a grade of 3% or more of recoverable antimony. The advances are to be repaid by deducting 10% from the value of each antimony ore shipment. During 2012 and 2013, the recoverable grade of antimony was less than 3% and the amounts due the Company from Guadalupe increased as a result of recoverable antimony shortfalls.
	The Agreements with Guadalupe granted the Company an option to purchase the concessions outright for $2,000,000. The Agreements also provide that in event of a breach of the terms by Guadalupe that the Company has a right to enter the property and take possession of the mining concessions. The advances are collateralized by a mortgage on the concessions.  As of March 31, 2014 and December 31, 2013, the Company had cumulative loans and advances due from Guadalupe of $505,230, and $489,281, respectively, included in its other assets.
	Soyatal
	On August 5, 2013, the Company entered into a supply agreement with the owners of the Soyatal concessions similar to that of Guadalupe and notified the owners of Soyatal that it was exercising the option to purchase the Soyatal property. The option exercise agreement allowed the Company to apply all amounts previously due the Company (the “Purchase Price Credits”) by Soyatal of $420,411 to the purchase price consideration. At December 31, 2013, the Company had Purchase Price Credits of approximately $325,000 which can be used as payments on the note at the rate of $100,000 per year until gone.  The Company is obligated to make payments of $200,000 annually through 2020, and a final payment of $100,000 is due in 2021.  The debt payable for the Soyatal mine is non-interest bearing. The Company recorded the debt and the related Soyatal mine asset by determining the net present value of the contractual stream of payments due using a 6% discount rate. The resulting discount on the Soyatal debt is approximately $212,000 at December 31, 2013, and is netted against the debt payable resulting in a discounted amount of $762,541, at December 31, 2013. The discount will be amortized to interest expense using the effective interest method over the life of the debt.  No payments were made on the debt during the first quarter of 2014.  The first payment of $200,000 is due January 1, 2015.

6_Commitments_and_Contingencie

6. Commitments and Contingencies	3 Months Ended
	Mar. 31, 2014
Commitments and Contingencies Disclosure [Abstract]	'
Commitments and Contingencies	'
	In 2005, AM signed an option agreement that gives AM the exclusive right to explore and develop the San Miguel I and San Miguel II concessions for annual payments.  Total payments will not exceed $1,430,344, reduced by taxes paid.  During the three months ended March 31, 2014 and the year ended December 31, 2013, $0 and $130,434, respectively, was paid and capitalized as mineral rights in accordance with the Company’s accounting policies.  At March 31, 2014, approximately $450,000 of option payments are scheduled to be paid in June 2014.
	From time to time, the Company is assessed fines and penalties by the Mine Safety and Health Administration (“MSHA”). Using appropriate regulatory channels, management may contest these proposed assessments. The Company has accrued $7,909 of liabilities in other accrued liabilities as of March 31, 2014 related to such assessments.
	In June of 2013 the Company entered into a lease to mine antimony ore from concessions located in the Wadley Mining district in Mexico.  The lease calls for a mandatory term of one year and requires payments of $34,800 per month.  The lease is renewable each year with a 15 day notice to the lessor, and agreement of terms.

7_Notes_Payable_to_Bank

7. Notes Payable to Bank	3 Months Ended
	Mar. 31, 2014
Debt Disclosure [Abstract]	'
7. Notes Payable to Bank	'
	During 2012, the Company negotiated a new credit facility increasing the Company’s lines of credit by $202,000.  As part of this agreement, the Company has pledged two $101,000 certificates of deposit as collateral.  The increased loan facility allows us access to borrowings at an interest rate of 5.0% for the portion of the credit line used.  At March 31, 2014, we had drawn $154,503 which was reported as notes payable to bank.
	At March 31, 2014 and December 31, 2013, the Company had the following notes payable to the bank:
		March 31,		December 31,
		2014		2013
	Promissory note payable to First Security Bank of Missoula, bearing interest at 5.0%, maturing February 27, 2016, payable on demand, collateralized by a lien on Certificate of Deposit number 48614	$	73,606	$	70,952
	Promissory note payable to First Security Bank of Missoula, bearing interest at 5.0%, maturing February 27, 2016, payable on demand, collateralized by a lien on Certificate of Deposit number 48615		80,897		67,568
	Total notes payable to bank	$	154,503	$	138,520
	These notes are personally guaranteed by John C. Lawrence the Company’s President and Chairman of the Board of Directors.

8_LongTerm_Debt

8. Long-Term Debt	3 Months Ended
	Mar. 31, 2014
Debt Disclosure [Abstract]	'
Long - Term Debt	'
	Long-Term debt at March 31, 2014 and December 31, 2013, is as follows:	March 31.			December 31,
		2014			2013
	Note payable to BMT Leasing, bearing interest at 6.9%; payable in monthly installments of $3,555; maturing December 2014; collateralized by equipment.	$	16,029		$	-
	Note payable to Thermo Fisher Financial Co., bearing interest at 8.54%; payable in monthly installments of $2,792; maturing December 2013; collateralized by equipment.		-			5,583
	Note payable to Stearns Bank, bearing interest at 6.9%; payable in monthly installments of $3,555; maturing December 2014; collateralized by equipment.		34,459			41,117
	Note payable to Western States Equipment Co., bearing interest at 6.15%; payable in monthly installments of $2,032; maturing June 2015; collateralized by equipment.		29,276			34,861
	Note payable to Catepillar Financial, bearing interest at 5.95%; payable in monthly installments of $827; maturing September 2015; collateralized by equipment.		14,963			16,440
	Note payable toDe Lage Landen Financial Services, bearing interest at 5.30%; payable in monthly installments of $549; maturing  March 2016; collateralized by equipment.		13,089			13,945
	Note payable to Phyllis Rice, bearing interest at 1%; payable in monthly installments of $2,000; maturing March 2015; collateralized by equipment.		31,808			33,808
	Note payable to De Lage Landen Financial Services, bearing interest at 5.12%; payable in monthly installments of $697; maturing December 2014; collateralized by equipment.		7,548			8,797
	Note payable to Catepillar Financial, bearing interest at 6.15%; payable in monthly installments of $766; maturing August 2014; collateralized by equipment.		4,518			5,921
	Note payable to De Lage Landen Financial Services, bearing interest at 5.28%; payable in monthly installments of $709; maturing June 2014; collateralized by equipment.		2,872			4,186
	Obligation payable for Soyatal Mine, non-interest bearing, annual payments of $200,000  through 2019, net of discount of $212,048		762,541			762,541
	Note payable to Robert Detwiler, a shareholder, bearing interest at 10.0%, due January 31, 2016; collateralized by equipment.		50,000
	Note payable to Robert Detwiler, a shareholder, bearing interest at 10.0%, due January 2, 2015; collateralized by equipment.		80,000			82,000
	Note payable to Betsy Detwiler, a shareholder, bearing interest at 10.0%, due January 2, 2015; monthly payments of $1,000;collateralized by equipment.		120,000			120,000
			1,167,103			1,129,199
	Less current portion		(399,391	)		(126,984	)
	Long-term portion	$	767,712		$	1,002,215
	At March 31, 2014, principal payments on debt are due as follows:
	Due by March 31,
	2015		399,391
	2016		119,032
	2017		60,952
	2018		139,199
	2019		172,962
	2020		183,339
	2021		92,228
		$	1,167,103

9_Concentrations_of_Risk

9. Concentrations of Risk	3 Months Ended
	Mar. 31, 2014
Risks and Uncertainties [Abstract]	'
Concentrations of Risk	'
		For the Period Ended
	Sales to Three Largest Customers	March 31,			March 31,
		2014			2013
	Alpha Gary Corporation	$	1,142,850		$	1,063,716
	General Electric		-			195,300
	Kohler Corporation		778,766			712,485
	Teck American, Inc.		145,432			-
		$	2,067,048		$	1,971,501
	% of Total Revenues		70.1	%		66.5	%
	Three Largest Accounts Receivable	March 31,			December 31,
		2014			2013
	Kohler Corporation	$	383,589		$	202,019
	Commerce Industrial Chemical		57,715			-
	Alpha Gary Corporation		-			42,778
	Teck American, Inc.		203,888			88,329
		$	645,192		$	333,126
	% of Total Receivables		74	%		57.83	%

10_Related_Party_Transactions

10. Related Party Transactions	3 Months Ended
	Mar. 31, 2014
Related Party Transactions [Abstract]	'
Related Party Transactions	'
	During the three months ended March 31, 2014 and 2013, the Chairman of the audit committee and compensation committee received $9,000 and $9,000, respectively, for services performed.
	During the three months ended March 31, 2014 and 2013, the Company paid $3,732  and $23,085, respectively, to John Lawrence, our President and Chief Executive Officer, as reimbursement for equipment used by the Company.
	During the three months ended March 31, 2014 and 2013, the Company paid royalty expenses, based on sales of zeolite, of $15,605, and $12,482, respectively, to a company controlled by the estate of Al Dugan, formerly a significant stockholder and the father of a former director.

11_Income_Taxes

11. Income Taxes	3 Months Ended
	Mar. 31, 2014
Related Party Transactions [Abstract]	'
Income Taxes	'
	The Company had recognized a deferred tax asset of $229,451 as of December 31, 2012. During the year ended December 31, 2013, the Company recognized a valuation allowance equal to 100% of the net deferred tax asset, as management of the Company cannot determine that it is more likely than not the Company will realize the benefit of the net deferred tax asset. The net effect is that the deferred tax asset as of December 31, 2013, and any deferred tax assets that may have been incurred since then, are fully reserved for at March 31, 2014.

12_Stockholders_Equity

12. Stockholder's Equity	3 Months Ended
	Mar. 31, 2014
Equity [Abstract]	'
Stockholder's Equity	'
	Issuance of Common Stock for Cash
	During the quarter ended March 31, 2014, shareholders exercised their rights to convert warrants into 125,000 shares common stock for $170,000.
	Common Stock Warrants
	The Company's Board of Directors has the authority to issue stock warrants for the purchase of preferred or unregistered common stock to directors and employees of the Company.
	Transactions in common stock warrants are as follows:
		Number of Warrants			Exercise Prices
	Balance, December 31, 2012		1,934,667		$	.25 - $4.50
	Warrants issued		629,740		$	1.20-$1.60
	Warrants exercised		(25,000	)	$	1.2
	Warrants expired		(50,000	)	$	4.5
	Balance, December 31, 2013		2,489,407		$	0.25 - $4.50
	Warrants exercised		(125,000	)	$	1.20-$1.60
	Balance, March 31, 2014		2,364,407		$	0.25 - $4.50
	The above common stock warrants expire as follows:
	2014		1,082,750			-
	2015		1,031,657
	Thereafter		250,000
			2,364,407

13_Business_Segments

13. Business Segments	3 Months Ended
	Mar. 31, 2014
Segment Reporting [Abstract]	'
Business Segments	'
	The Company is currently organized and managed by three segments, which represent our operating units: United States antimony operations, Mexican antimony operations and United States zeolite operations.  The Company’s Other operating costs include, general and administrative expenses, freight and delivery, and other non-production related costs. Other income and expense consists primarily of interest income and expense and factoring expense.
	The Madero smelter and Puerto Blanco mill at the Company’s Mexico operation brings antimony up to an intermediate stage, which is then shipped to the United States operation for finishing and sales at the Thompson Falls, Montana plant. 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.
	Segment disclosure regarding sales to major customers is located in Note 9.
		As of			As of
		March 31,			December 31,
		2014			2013
	Properties, plants and equipment, net:
	Antimony
	United States	$	1,970,819		$	1,928,442
	Mexico		8,901,053			8,792,410
	Subtotal Antimony		10,871,872			10,720,852
	Zeolite		1,648,948			1,674,793
		$	12,520,820		$	12,395,645
	Total Assets:
	Antimony
	United States	$	3,128,059		$	3,017,768
	Mexico		9,857,949			9,668,997
	Subtotal Antimony		12,986,008			12,686,765
	Zeolite		2,050,207			2,204,225
		$	15,036,215		$	14,890,990
		For the three months ended
	Capital expenditures:	March 31,			March 31,
		2014			2013
	Antimony
	United States	$	58,541		$	49,782
	Mexico		227,589			389,053
	Subtotal Antimony		286,130			438,835
	Zeolite		29,057			33,791
	Total	$	315,187		$	472,626
	Segment Operations for the	Antimony			Antimony			Bear River
	Three Months ended March 31, 2014	USAC			Mexico			Zeolite			Totals
	Total revenues	$	2,293,865		$	-		$	658,449		$	2,952,314
	Production costs		1,427,417			667,706			372,181			2,467,304
	Depreciation and amortization		16,165			116,406			54,902			187,473
	Other operating costs		393,763			131,890			123,159			648,812
	Total operating expenses		1,837,345			916,002			550,242			3,303,589
	Income (loss) from operations		456,520			(916,002	)		108,207			(351,275	)
	Other income (expense):		(12,631	)		5,451			285			(6,895	)
	NET INCOME (LOSS)	$	443,889		$	(910,551	)	$	108,492		$	(358,170	)
	Segment Operations for the	Antimony			Antimony			Bear River
	Three Months ended March 31, 2013	USAC			Mexico			Zeolite			Totals
	Total revenues	$	2,414,224		$	3,000		$	549,551		$	2,966,775
	Production costs		1,373,787			867,919			301,808			2,543,514
	Depreciation and amortization		15,293			114,884			53,750			183,927
	Other operating costs		433,543			70,165			124,263			627,971
	Total operating expenses		1,822,623			1,052,968			479,821			3,355,412
	Income (loss) from operations		591,601			(1,049,968	)		69,730			(388,637	)
	Other income (expense):		(17,601	)		(1,301	)		(1,286	)		(20,188	)
	NET INCOME (LOSS)	$	574,000		$	(1,051,269	)	$	68,444		$	(408,825	)

2_Income_Loss_Per_Common_Share1

2. Income (Loss) Per Common Share (Tables)	3 Months Ended
	Mar. 31, 2014
Net loss per share of common stock:	'
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share	'
		3/31/14		3/31/13
	Warrants		2,364,407		1,934,667
	Convertible preferred stock		1,751,005		1,751,005
	Total possible dilution		4,115,412		3,685,672

3_Inventories_Tables

3. Inventories (Tables)	3 Months Ended
	Mar. 31, 2014
Inventory Disclosure [Abstract]	'
Inventories	'
		March 31,		December 31,
		2014		2013
	Antimony Metal	$	45,522	$	33,850
	Antimony Oxide		268,557		535,251
	Antimony Concentrate		134,043		93,190
	Antimony Ore		120,643		106,519
	Total antimony		568,765		768,810
	Zeolite		111,920		265,960
		$	680,685	$	1,034,770

4_Accounts_Receivable_and_Due_1

4. Accounts Receivable and Due to Factor (Tables)	3 Months Ended
	Mar. 31, 2014
Accounts Receivable And Due To Factor Tables	'
Account Receivables	'
	Accounts Receivable	March 31,			December 31,
		2014			2013
	Accounts receivable - non factored	$	658,669		$	402,351
	Accounts receivable - factored with recourse		218,223			177,701
	less allowance for doubtful accounts		(4,031	)		(4,031	)
	Accounts receivable - net	$	872,861		$	576,021

7_Notes_Payable_to_Bank_Tables

7. Notes Payable to Bank (Tables)	3 Months Ended
	Mar. 31, 2014
Debt Disclosure [Abstract]	'
Summary of notes payable to bank	'
		March 31,		December 31,
		2014		2013
	Promissory note payable to First Security Bank of Missoula, bearing interest at 5.0%, maturing February 27, 2016, payable on demand, collateralized by a lien on Certificate of Deposit number 48614	$	73,606	$	70,952
	Promissory note payable to First Security Bank of Missoula, bearing interest at 5.0%, maturing February 27, 2016, payable on demand, collateralized by a lien on Certificate of Deposit number 48615		80,897		67,568
	Total notes payable to bank	$	154,503	$	138,520

8_LongTerm_Debt_Tables

8. Long-Term Debt (Tables)	3 Months Ended
	Mar. 31, 2014
Debt Disclosure [Abstract]	'
Long - Term Debt	'
	Long-Term debt at March 31, 2014 and December 31, 2013, is as follows:	March 31.			December 31,
		2014			2013
	Note payable to BMT Leasing, bearing interest at 6.9%; payable in monthly installments of $3,555; maturing December 2014; collateralized by equipment.	$	16,029		$	-
	Note payable to Thermo Fisher Financial Co., bearing interest at 8.54%; payable in monthly installments of $2,792; maturing December 2013; collateralized by equipment.		-			5,583
	Note payable to Stearns Bank, bearing interest at 6.9%; payable in monthly installments of $3,555; maturing December 2014; collateralized by equipment.		34,459			41,117
	Note payable to Western States Equipment Co., bearing interest at 6.15%; payable in monthly installments of $2,032; maturing June 2015; collateralized by equipment.		29,276			34,861
	Note payable to Catepillar Financial, bearing interest at 5.95%; payable in monthly installments of $827; maturing September 2015; collateralized by equipment.		14,963			16,440
	Note payable toDe Lage Landen Financial Services, bearing interest at 5.30%; payable in monthly installments of $549; maturing  March 2016; collateralized by equipment.		13,089			13,945
	Note payable to Phyllis Rice, bearing interest at 1%; payable in monthly installments of $2,000; maturing March 2015; collateralized by equipment.		31,808			33,808
	Note payable to De Lage Landen Financial Services, bearing interest at 5.12%; payable in monthly installments of $697; maturing December 2014; collateralized by equipment.		7,548			8,797
	Note payable to Catepillar Financial, bearing interest at 6.15%; payable in monthly installments of $766; maturing August 2014; collateralized by equipment.		4,518			5,921
	Note payable to De Lage Landen Financial Services, bearing interest at 5.28%; payable in monthly installments of $709; maturing June 2014; collateralized by equipment.		2,872			4,186
	Obligation payable for Soyatal Mine, non-interest bearing, annual payments of $200,000  through 2019, net of discount of $212,048		762,541			762,541
	Note payable to Robert Detwiler, a shareholder, bearing interest at 10.0%, due January 31, 2016; collateralized by equipment.		50,000
	Note payable to Robert Detwiler, a shareholder, bearing interest at 10.0%, due January 2, 2015; collateralized by equipment.		80,000			82,000
	Note payable to Betsy Detwiler, a shareholder, bearing interest at 10.0%, due January 2, 2015; monthly payments of $1,000;collateralized by equipment.		120,000			120,000
			1,167,103			1,129,199
	Less current portion		(399,391	)		(126,984	)
	Long-term portion	$	767,712		$	1,002,215
	At March 31, 2014, principal payments on debt are due as follows:
	Due by March 31,
	2015		399,391
	2016		119,032
	2017		60,952
	2018		139,199
	2019		172,962
	2020		183,339
	2021		92,228
		$	1,167,103

9_Concentration_of_Risk_Tables

9. Concentration of Risk (Tables)	3 Months Ended
	Mar. 31, 2014
Concentration Of Risk Tables	'
Major Customers Revenue Details	'
		For the Period Ended
	Sales to Three Largest Customers	March 31,			March 31,
		2014			2013
	Alpha Gary Corporation	$	1,142,850		$	1,063,716
	General Electric		-			195,300
	Kohler Corporation		778,766			712,485
	Teck American, Inc.		145,432			-
		$	2,067,048		$	1,971,501
	% of Total Revenues		70.1	%		66.5	%
	Three Largest Accounts Receivable	March 31,			December 31,
		2014			2013
	Kohler Corporation	$	383,589		$	202,019
	Commerce Industrial Chemical		57,715			-
	Alpha Gary Corporation		-			42,778
	Teck American, Inc.		203,888			88,329
		$	645,192		$	333,126
	% of Total Receivables		74	%		57.83	%

12_Stockholders_Equity_Tables

12. Stockholder's Equity (Tables)	3 Months Ended
	Mar. 31, 2014
Equity [Abstract]	'
Common Stock Warrant	'
		Number of Warrants			Exercise Prices
	Balance, December 31, 2012		1,934,667		$	.25 - $4.50
	Warrants issued		629,740		$	1.20-$1.60
	Warrants exercised		(25,000	)	$	1.2
	Warrants expired		(50,000	)	$	4.5
	Balance, December 31, 2013		2,489,407		$	0.25 - $4.50
	Warrants exercised		(125,000	)	$	1.20-$1.60
	Balance, March 31, 2014		2,364,407		$	0.25 - $4.50
Warrants Maturity	'
	2014		1,082,750			-
	2015		1,031,657
	Thereafter		250,000
			2,364,407

13_Business_Segments_Tables

13. Business Segments (Tables)	3 Months Ended
	Mar. 31, 2014
Segment Reporting [Abstract]	'
Segment Information	'
		As of			As of
		March 31,			December 31,
		2014			2013
	Properties, plants and equipment, net:
	Antimony
	United States	$	1,970,819		$	1,928,442
	Mexico		8,901,053			8,792,410
	Subtotal Antimony		10,871,872			10,720,852
	Zeolite		1,648,948			1,674,793
		$	12,520,820		$	12,395,645
	Total Assets:
	Antimony
	United States	$	3,128,059		$	3,017,768
	Mexico		9,857,949			9,668,997
	Subtotal Antimony		12,986,008			12,686,765
	Zeolite		2,050,207			2,204,225
		$	15,036,215		$	14,890,990
		For the three months ended
	Capital expenditures:	March 31,			March 31,
		2014			2013
	Antimony
	United States	$	58,541		$	49,782
	Mexico		227,589			389,053
	Subtotal Antimony		286,130			438,835
	Zeolite		29,057			33,791
	Total	$	315,187		$	472,626
	Segment Operations for the	Antimony			Antimony			Bear River
	Three Months ended March 31, 2014	USAC			Mexico			Zeolite			Totals
	Total revenues	$	2,293,865		$	-		$	658,449		$	2,952,314
	Production costs		1,427,417			667,706			372,181			2,467,304
	Depreciation and amortization		16,165			116,406			54,902			187,473
	Other operating costs		393,763			131,890			123,159			648,812
	Total operating expenses		1,837,345			916,002			550,242			3,303,589
	Income (loss) from operations		456,520			(916,002	)		108,207			(351,275	)
	Other income (expense):		(12,631	)		5,451			285			(6,895	)
	NET INCOME (LOSS)	$	443,889		$	(910,551	)	$	108,492		$	(358,170	)
	Segment Operations for the	Antimony			Antimony			Bear River
	Three Months ended March 31, 2013	USAC			Mexico			Zeolite			Totals
	Total revenues	$	2,414,224		$	3,000		$	549,551		$	2,966,775
	Production costs		1,373,787			867,919			301,808			2,543,514
	Depreciation and amortization		15,293			114,884			53,750			183,927
	Other operating costs		433,543			70,165			124,263			627,971
	Total operating expenses		1,822,623			1,052,968			479,821			3,355,412
	Income (loss) from operations		591,601			(1,049,968	)		69,730			(388,637	)
	Other income (expense):		(17,601	)		(1,301	)		(1,286	)		(20,188	)
	NET INCOME (LOSS)	$	574,000		$	(1,051,269	)	$	68,444		$	(408,825	)

1_Basis_of_Presentation_Detail

1. Basis of Presentation (Details Narrative) (USD $)	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Accounting Policies [Abstract]	'	'
Interest expense	$11,689	$6,058
Capitalized cost of construction	$11,575	$4,597
Effective tax rate	0.00%	'

2_Income_Loss_Per_Common_Share2

2. Income (Loss) Per Common Share (Details)	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Net loss per share of common stock:	'	'
Warrants	2,364,407	1,934,667
Convertible preferred stock	1,751,005	1,751,005
Total possible dilution	4,115,412	3,685,672

3_Inventories_Details

3. Inventories (Details) (USD $)	Mar. 31, 2014	Dec. 31, 2013
Inventories	$680,685	$1,034,770
Antimony Metal [Member]	'	'
Inventories	45,522	33,850
Antimony Oxide [Member]	'	'
Inventories	268,557	535,251
Antimony Concentrates	'	'
Inventories	134,043	93,190
Antimony Ore [Member]	'	'
Inventories	120,643	106,519
Antimony [Member]	'	'
Inventories	568,765	768,810
Zeolite [Member]	'	'
Inventories	$111,920	$265,960

4_Accounts_Receivable_and_Due_2

4. Accounts Receivable and Due to Factor (Details) (USD $)	Mar. 31, 2014	Dec. 31, 2013
Accounts Receivable And Due To Factor Tables	'	'
Accounts receivable - non factored	$658,669	$402,351
Accounts receivable - factored with recourse	218,223	177,701
Less allowance for doubtful accounts	-4,031	-4,031
Accounts receivable - net	$872,861	$576,021

6_Commitments_and_Contingencie1

6. Commitments and Contingencies (Details Narrative) (USD $)	3 Months Ended	12 Months Ended
	Mar. 31, 2014	Dec. 31, 2013
Commitments and Contingencies Disclosure [Abstract]	'	'
Payments paid for capitalized mineral rights	$0	$130,434
Other accrued liabilities	$7,909	'

7_Notes_Payable_to_Bank_Detail

7. Notes Payable to Bank (Details) (USD $)	Mar. 31, 2014	Dec. 31, 2013
Promissory note payable to First Security Bank of Missoula, bearing interest at 5.0%, maturing February 27, 2016, payable on demand, collateralized by a lien on Certificate of Deposit	$154,503	$138,520
Promissory note payable CD 48614	'	'
Promissory note payable to First Security Bank of Missoula, bearing interest at 5.0%, maturing February 27, 2016, payable on demand, collateralized by a lien on Certificate of Deposit	73,606	70,952
Promissory note payable CD 48615	'	'
Promissory note payable to First Security Bank of Missoula, bearing interest at 5.0%, maturing February 27, 2016, payable on demand, collateralized by a lien on Certificate of Deposit	$80,897	$67,568

8_Long_Term_Debt_Details

8. Long - Term Debt (Details) (USD $)	Mar. 31, 2014	Dec. 31, 2013
Total debt	$1,167,103	$1,129,199
Less current portion	-399,391	-126,984
Noncurrent portion	767,712	1,002,215
BMT Leasing	'	'
Total debt	16,029	0
ThermFisherFinancialServices [Member]	'	'
Total debt	0	5,583
StearnsBank [Member]	'	'
Total debt	34,459	41,117
WesternStatesEquipmentCo [Member]	'	'
Total debt	29,276	34,861
Catepillar Finance [Member]	'	'
Total debt	14,963	16,440
De Lage Landen Financial Services [Member]	'	'
Total debt	13,089	13,945
PhyllisRice [Member]	'	'
Total debt	31,808	33,808
De Lage Landen Financial Services 1 [Member]	'	'
Total debt	7,548	8,797
CatepillarFinance1 [Member]	'	'
Total debt	4,518	5,921
De Lage Landen Financial Services 2 [Member]	'	'
Total debt	2,872	4,186
SoyatalMine [Member]	'	'
Total debt	762,541	762,541
Robert Detwiler	'	'
Total debt	50,000	0
Robert Detwiler 1	'	'
Total debt	80,000	82,000
Betsy Detwiler	'	'
Total debt	$120,000	$120,000

8_Long_Term_Debt_Details_1

8. Long - Term Debt (Details 1) (USD $)	Mar. 31, 2014
Long Term Debt Details 1	'
2015	$399,391
2016	119,032
2017	60,952
2018	139,199
2019	172,962
2020	183,339
2021	92,228
Total	$1,167,103

9_Concentrations_of_Risk_Detai

9. Concentrations of Risk (Details) (USD $)	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Sales to Three Largest Customers	$2,067,048	$1,971,501
Total percentage of revenue	70.10%	66.50%
AlphaGaryCorporation [Member]	'	'
Sales to Three Largest Customers	1,142,850	1,063,716
General Electric [Member]	'	'
Sales to Three Largest Customers	0	195,300
KohlerCorporation [Member]	'	'
Sales to Three Largest Customers	778,766	712,485
Teck American, Inc.	'	'
Sales to Three Largest Customers	$145,432	$0

9_Concentrations_of_Risk_Detai1

9. Concentrations of Risk (Details1) (USD $)	Mar. 31, 2014	Dec. 31, 2013
Accounts Receivable	$645,192	$333,126
Total percentage of receivables	74.00%	57.83%
KohlerCorporation [Member]	'	'
Accounts Receivable	383,589	202,019
Commerce Industrial Chemical	'	'
Accounts Receivable	57,715	0
AlphaGaryCorporation [Member]	'	'
Accounts Receivable	0	42,778
Teck American, Inc.	'	'
Accounts Receivable	$203,888	$88,329

10_Related_Party_Transactions_

10. Related Party Transactions (Details Narrative) (USD $)	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Chief Executive Officer [Member]	'	'
Related Party Transactions	$3,732	$23,085
Director [Member]	'	'
Related Party Transactions	$15,605	$12,482

12_Stockholders_Equity_Details

12. Stockholder's Equity (Details) (Warrant [Member], USD $)	3 Months Ended	12 Months Ended
	Mar. 31, 2014	Dec. 31, 2013
Beginning balance, shares	2,489,407	1,934,667
Warrants issued, shares	'	629,740
Warrants exercised, shares	-125,000	-25,000
Warrants expired, shares	'	-50,000
Ending balance, shares	2,364,407	2,489,407
2014	1,082,750	'
2015	1,031,657	'
Thereafter	250,000	'
Total	2,364,407	'
Maximum [Member]	'	'
Beginning balance, Exercise Prices	4.5	0.25
Warrants granted, Exercise Prices	'	1.2
Warrants exercised, Exercise Prices	1.6	1.2
Warrants expired, Exercise Prices	'	4.5
Ending balance Exercise Prices	4.5	0.25
Minimum [Member]	'	'
Beginning balance, Exercise Prices	0.25	4.5
Warrants granted, Exercise Prices	'	1.6
Warrants exercised, Exercise Prices	1.2	'
Ending balance Exercise Prices	0.25	4.5

13_Business_Segments_Details

13. Business Segments (Details) (USD $)	Mar. 31, 2014	Dec. 31, 2013
Properties, plants and equipment, net	$12,520,820	$12,395,645
Total Assets	15,036,215	14,890,991
United States Antimony [Member]	'	'
Properties, plants and equipment, net	1,970,819	1,928,442
Total Assets	3,128,059	3,017,768
Mexico Antimony [Member]	'	'
Properties, plants and equipment, net	8,901,053	8,792,410
Total Assets	9,857,949	9,668,997
Subtotal Antimony [Member]	'	'
Properties, plants and equipment, net	10,871,872	10,720,852
Total Assets	12,986,008	12,686,765
Zeolite [Member]	'	'
Properties, plants and equipment, net	1,648,948	1,674,793
Total Assets	$2,050,207	$2,204,225

13_Business_Segments_Details_1

13. Business Segments (Details 1) (USD $)	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Capital Expenditure	$315,187	$472,626
United States Antimony [Member]	'	'
Capital Expenditure	58,541	49,782
Mexico Antimony [Member]	'	'
Capital Expenditure	227,589	389,053
Subtotal Antimony [Member]	'	'
Capital Expenditure	286,130	438,835
Zeolite [Member]	'	'
Capital Expenditure	$29,057	$33,791

13_Business_Segments_Details_2

13. Business Segments (Details 2) (USD $)	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Revenues	$2,952,314	$2,966,775
Production costs	2,467,304	2,543,514
Depreciation and amortization	187,473	183,927
Other operating costs	648,812	627,971
Total operating expenses	3,303,589	3,355,412
Income (loss) from operations	-351,275	-388,637
Other income (expense):	-6,895	-20,188
NET INCOME (LOSS)	-358,170	-408,825
United States Antimony [Member]	'	'
Revenues	2,293,865	2,414,224
Production costs	1,427,417	1,373,787
Depreciation and amortization	16,165	15,293
Other operating costs	393,763	433,543
Total operating expenses	1,837,345	1,822,623
Income (loss) from operations	456,520	591,601
Other income (expense):	-12,631	-17,601
NET INCOME (LOSS)	443,889	574,000
Mexico Antimony [Member]	'	'
Revenues	0	3,000
Production costs	667,706	867,919
Depreciation and amortization	116,406	114,884
Other operating costs	131,890	70,165
Total operating expenses	916,002	1,052,968
Income (loss) from operations	-916,002	-1,049,968
Other income (expense):	5,451	-1,301
NET INCOME (LOSS)	-910,551	-1,051,269
Zeolite [Member]	'	'
Revenues	658,449	549,551
Production costs	372,181	301,808
Depreciation and amortization	54,902	53,750
Other operating costs	123,159	124,263
Total operating expenses	550,242	479,821
Income (loss) from operations	108,207	69,730
Other income (expense):	285	-1,286
NET INCOME (LOSS)	$108,492	$68,444