United States Antimony (UAMY) 10-Q 11 May 15 2015 Q1 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	3 Months Ended
	Mar. 31, 2015	11-May-15
Document And Entity Information
Entity Registrant Name	UNITED STATES ANTIMONY CORP
Entity Central Index Key	101538
Document Type	10-Q
Document Period End Date	31-Mar-15
Amendment Flag	FALSE
Current Fiscal Year End Date	-19
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		66,216,278
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2015

Consolidated_Balance_Sheets

Consolidated Balance Sheets (USD $)	Mar. 31, 2015	Dec. 31, 2014
Current assets:
Cash and cash equivalents	$136,086	$123,683
Certificates of deposit	250,180	249,147
Accounts receivable, net	535,756	454,674
Inventories	2,307,164	1,433,539
Other current assets	381,875	42,626
Total current assets	3,611,061	2,303,669
Properties, plants and equipment, net	13,835,448	13,511,803
Restricted cash for reclamation bonds	75,754	75,754
Other assets	671,999	653,805
Total assets	18,194,262	16,545,031
Current liabilities:
Accounts payable	1,942,741	1,821,673
Due to factor	154,524	13,314
Accrued payroll, taxes and interest	131,831	135,245
Other accrued liabilities	41,900	38,811
Payables to related parties	20,073	8,357
Deferred revenue	221,272	115,962
Notes payable to bank	71,906
Long-term debt, current	248,059	159,278
Total current liabilities	2,832,306	2,292,640
Long-term debt, net of discount and current portion	623,023	715,328
Hillgrove advances payable	880,532	161,339
Stock payable to directors for services	37,500	125,000
Asset retirement obligations and accrued reclamation costs	256,474	255,190
Total liabilities	4,629,835	3,549,497
Commitments and contingencies (Note 4 and 15)
Stockholders' equity:
Preferred stock $0.01 par value, 10,000,000 shares authorized: Series A: -0- shares issued and outstanding
Series B: 750,000 shares issued and outstanding (liquidation preference $900,000 and $892,500, respectively)	7,500	7,500
Series C: 177,904 shares issued and outstanding (liquidation preference $97,847 both years)	1,779	1,779
Series D: 1,751,005 shares issued and outstanding (liquidation preference $4,837,880 and $4,796,731 respectively)	17,509	17,509
Common stock, $0.01 par value, 90,000,000 shares authorized; 66,216,278 and 66,027,453 shares issued and outstanding, respectively	662,162	660,274
Additional paid-in capital	35,866,733	35,740,671
Notes receivable from stock sales	-149,085	-150,000
Accumulated deficit	-22,842,171	-23,282,199
Total stockholders' equity	13,564,427	12,995,534
Total liabilities and stockholders' equity	$18,194,262	$16,545,031

Consolidated_Balance_Sheets_Pa

Consolidated Balance Sheets (Parenthetical) (USD $)	Mar. 31, 2015	Dec. 31, 2014
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
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	$900,000	$892,500
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	$4,837,880	$4,796,731
Common stock, par value	$0.01	$0.01
Common stock, authorized shares	90,000,000	90,000,000
Common stock, issued shares	66,216,278	66,027,453
Common stock, outstanding shares	66,216,278	66,027,453

Consolidated_Statements_of_Ope

Consolidated Statements of Operations (Unaudited) (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Income Statement [Abstract]
REVENUES	$2,947,381	$2,952,314
COST OF REVENUES	3,051,434	3,004,854
GROSS PROFIT (LOSS)	-104,053	-52,540
OPERATING INCOME (EXPENSE):
General and administrative	-270,736	-207,497
Professional fees	-111,789	-91,238
Gain on liability adjustment	927,018
Gain on sale of asset	5,200	5,450
TOTAL OPERATING EXPENSES	549,693	-293,285
GAIN (LOSS) FROM OPERATIONS	445,640	-345,825
OTHER INCOME (EXPENSE):
Interest income	3,168	2,758
Interest expense	-426	-114
Factoring expense	-8,354	-14,989
TOTAL OTHER INCOME (EXPENSE)	-5,612	-12,345
INCOME (LOSS) BEFORE INCOME TAXES	440,028	-358,170
NET INCOME (LOSS)	$440,028	($358,170)
Net income (loss) per share of common stock:
Basic and diluted	$0.01	($0.01)
Weighted average shares outstanding:
Basic	66,045,891	63,224,903
Diluted	66,145,891	63,224,903

Consolidated_Statements_of_Cas

Consolidated Statements of Cash Flows (Unaudited) (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Cash Flows From Operating Activities:
Net income (loss)	$440,028	($358,170)
Adjustments to reconcile net loss to net cash used by operating activities:
Depreciation and amortization expense	220,025	185,462
Accretion of asset retirement obligation	1,284	2,010
Common stock issued for services	2,950
Gain on sale of fixed asset	-5,200	5,450
Change in:
Accounts receivable, net	-81,082	-296,840
Inventories	-873,625	354,085
Other current assets	-339,248	-48,387
Other assets	-18,312	-45,299
Accounts payable	121,068	214,761
Due to factor	141,210	40,522
Accrued payroll, taxes and interest	-3,414	13,928
Other accrued liabilities	3,089	3,190
Stock payable to directors for services	37,500
Deferred revenue	14,500	-18,000
Payables to related parties	11,716	-14,083
Net cash provided (used) by operating activities	-327,512	38,629
Cash Flows From Investing Activities:
Purchase of properties, plants and equipment	-527,845	-296,147
Net cash used by investing activities	-527,845	-296,147
Cash Flows From Financing Activities:
Proceeds from issuance of long term debt		50,000
Proceeds from bank debt	71,906
Proceeds from Hillgrove Ltd	810,003	15,983
Proceeds from sales of common stock, net of commissions		170,000
Principal payments on long-term debt	-14,149	-31,136
Change in checks issued and payable		37,179
Net cash provided (used) by financing activities	867,760	242,026
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	12,403	-15,492
Cash and cash equivalents at beginning of period	123,683	20,343
Cash and cash equivalents at end of period	136,086	4,851
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION
Interest paid in cash	426
Noncash investing activities:
Properties, plants and equipment acquired with long-term debt		19,040
Imputed interest included in properties, plants and equipment	10,625
Common stock issued to directors	125,000
Equipment sold for note receivable		$10,000

1_Basis_of_Presentation

1. Basis of Presentation	3 Months Ended
	Mar. 31, 2015
Accounting Policies [Abstract]
Basis of Presentation	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 period ended March 31, 2015, are not necessarily indicative of the results that may be expected for the full year ending December 31, 2015.
	Reclassifications
	Certain consolidated financial statement amounts for the three month period ended March 31, 2014, have been reclassified to conform to the 2015 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, and accordingly no income tax provision has been recognized.
	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, 2014.
	During the three months ended March 31, 2015 and 2014, the Company incurred interest expense of $12,766 and $11,689, respectively, of which $12,340 and $11,575, 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, 2015
Net income (loss) per share of common stock:
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.  Warrants equivalent to approximately 100,000 shares of common stock have been added to the weighted average shares of outstanding common stock at March 31, 2015, to determine the diluted income per share for the quarter ending March 31, 2015.
	As of March 31, 2015 and 2014, 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:
		For the Three Months Ended
		3/31/15		3/31/14
	Warrants		476,917		2,364,407
	Convertible preferred stock		1,751,005		1,751,005
	Total possible dilution		2,227,922		4,115,412

3_Inventories

3. Inventories	3 Months Ended
	Mar. 31, 2015
Inventory Disclosure [Abstract]
Inventories	Inventories at March 31, 2015, and December 31, 2014, 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, 2015 and December 31, 2014, is as follows:
		March 31,		December 31,
		2015		2014
	Antimony Metal	$	86,032	$	40,352
	Antimony Oxide		704,315		718,982
	Antimony Concentrates		938,133		33,545
	Antimony Ore		486,242		447,262
	Total antimony		2,214,722		1,240,141
	Zeolite		92,442		193,398
		$	2,307,164	$	1,433,539
	During the first quarter of 2015 the Company discovered it had been overcharged for raw material purchases from a vendor.  The Company brought the matter to the vendor’s attention and received a $927,018 credit to accounts payable due the vendor that has been recorded as gain on liability adjustment at March 31, 2015.

4_Accounts_Receivable_and_Due_

4. Accounts Receivable and Due to Factor	3 Months Ended
	Mar. 31, 2015
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 Receivble	March 31,			31-Dec-14
		2015
	Accounts receivable - non factored	$	385,263		$	445,391
	Accounts receivable - factored with recourse		154,524			13,314
	less allowance for doubtful accounts		(4,031	)		(4,031	)
	Accounts receivable - net	$	535,756		$	454,674

5_Other_Assets

5. Other Assets	3 Months Ended
	Mar. 31, 2015
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 quarter 1 of 2015 and 2014, 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, 2015, and December 31, 2014, the Company had cumulative loans and advances due from Guadalupe of $630,802 and $605,737, respectively, included in its other assets.
	Soyatal
	On October 30, 2009, the Company entered into a supply agreement with the owners of the Soyatal concessions similar to that of Guadalupe. During the term of the supply agreement the Company funded certain of Soyatal’s equipment purchases, tax payments, labor costs, milling and trucking costs, and other expenses incurred in the Soyatal mining operations for approximately $140,000. In addition to the advances for mining costs, the Company purchased antimony ore from Soyatal that failed to meet agreed upon antimony metal recoveries and resulted in approximately $320,000 of excess advances paid to Soyatal. On April 4, 2012, the Company negotiated an option to purchase the Soyatal properties for $1,500,000, and made a deposit on the option of $55,000.
	On August 5, 2013, the Company 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. In 2013, 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.
	During 2014, $45,752 of the discount was amortized to the Soyatal debt, resulting in a discounted amount owed of $808,293 and a remaining debt discount of approximately $166,248 at December 31, 2014.  The Company agreed to pay the Soyatal debt holder $100,000 during 2014 as part of the down payment agreement, and at March 31, 2015, $17,605 of this amount was still owed.  In addition, the Company did not make the $100,000 payment due in January of 2015.  The Company has begun making payments of $5,000 per month that have been informally agreed to by the parties while the future payment terms of the Soyatal debt are negotiated.  These payments have been recorded as reductions to the Soyatal debt.

6_Commitments_and_Contingencie

6. Commitments and Contingencies	3 Months Ended
	Mar. 31, 2015
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, 2015 and the year ended December 31, 2014, $0 and $200,000, respectively, was paid and capitalized as mineral rights in accordance with the Company’s accounting policies.  At March 31, 2015, the following payments are scheduled: $100,000 on June 15, 2015 and $192,000 on December 15, 2015.
	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.   The lease was renewed in June of 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, and has accrued $716 and, $0, in other accrued liabilities as of March 31, 2015, and December 31, respectively, related to these settled claims.
	During the first quarter of 2015, we discovered that our IMMEX certification had expired and that we would be required to renew it.  Without our IMMEX certification, we are required to pay the Mexican national sales tax of 16% on all items we import into Mexico, including our capital items and the concentrates we are receiving from Hillgrove of Australia.  IMMEX requires that we export a minimum of 60% of everything we import into Mexico.  We believe that we have met this requirement at this time.  At March 31, 2015, we had approximately $154,000 on deposit with the Mexican tax authorities, which is included in other assets, and it is our understanding that this will ultimately be refunded to us upon re-certification.  We have applied for renewal of our certification, and we believe that we are in compliance with the export requirement and will be approved for renewal of our certification. If we are not granted renewed IMMEX certification, it will have a major impact on our Mexican operations.  We do not know when the renewal will be approved, but our application is presently under review.

7_Notes_Payable_to_Bank

7. Notes Payable to Bank	3 Months Ended
	Mar. 31, 2015
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, 2015, we had drawn $71,906 which was reported as notes payable to bank. This note is personally guaranteed by John C. Lawrence the Company’s President and Chairman of the Board of Directors.
	At March 31, 2015 and December 31, 2014, the Company had the following notes payable to the bank:
		March 31,		December 31,
		2015		2014
	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		71,906		0
	Total notes payable to bank	$	71,906	$	0

8_LongTerm_Debt

8. Long-Term Debt	3 Months Ended
	Mar. 31, 2015
Debt Disclosure [Abstract]
Long - Term Debt
	Long-Term debt at March 31, 2015 and December 31, 2014, is as follows:	March 31,			December 31,
		2015			2014
	Note payable to  Wells Fargo Bank, bearing interest at 4%;
	payable in monthly installments of $477; maturing
	December 2016; collateralized by equipment.	$	9,081		$	10,245
	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.		6,032			11,977
	Note payable to BMT Leasing, bearing interest
	at 13.38%; payable in monthly installments of $786; maturing
	December 2015; collateralized by equipment.		6,841			9,254
	Note payable to Catepillar Financial, bearing interest at 5.95%;
	payable in monthly installments of $827; maturing September 2015;
	collateralized by equipment.		5,661			8,051
	Note payable toDe Lage Landen Financial Services,
	bearing interest at 5.30%; payable in monthly installments of $549;
	maturing  March 2016; collateralized by equipment.		6,403			7,951
	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.		-			689
	Note payable to Phyllis Rice, bearing interest
	at 1%; payable in monthly installments of $2,000; maturing
	March 2015; collateralized by equipment.		18,146			18,146
	Obligation payable for Soyatal Mine, non-interest bearing,
	annual payments of $200,000  through 2019, net of discount.		818,918			808,293
			871,082			874,606
	Less current portion		(248,059	)		(159,278	)
	Long-term portion	$	623,023		$	715,328
	At March 31, 2015, principal payments on debt are due as follows:
	Year Ending March 31,
	2016		248,059
	2017		65,056
	2018		139,199
	2019		172,962
	2020		183,339
	2021		62,467
		$	871,082

9_Concentrations_of_Risk

9. Concentrations of Risk	3 Months Ended
	Mar. 31, 2015
Risks and Uncertainties [Abstract]
Concentrations of Risk	Sales to Three	For the Period Ended
	Largest Customers	31-Mar-15			31-Mar-14
	Alpha Gary Corporation	$	969,960		$	1,142,850
	Ampacet Corporation		305,407			-
	Kohler Corporation		340,473			778,766
	Teck American, Inc.					145,432
		$	1,615,840		$	2,067,048
	% of Total Revenues		54.82	%		70.1	%
	Three Largest
	Accounts Receivable	31-Mar-15			31-Mar-14
	Kohler Corporation				$	383,589
	Commerce Industrial Chemical					57,715
	AlphaGary Corporation		36,945			-
	Scutter Enterprises LLC		26,600			-
	Teck American, Inc.		164,042			203,888
		$	227,587		$	645,192
	% of Total Receivables		43.66	%		74	%

10_Related_Party_Transactions

10. Related Party Transactions	3 Months Ended
	Mar. 31, 2015
Related Party Transactions [Abstract]
Related Party Transactions	During the three months ended March 31, 2015 and 2014, 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, 2015 and 2014, the Company paid $13,710 and $3,732, 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, 2015 and 2014, the Company paid royalty expenses, based on sales of zeolite, of $13,097, and $15,605, 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, 2015
Related Party Transactions [Abstract]
Income Taxes	The Company has sufficient net operating losses to offset the taxable income from the first quarter of 2015.   During the quarter ended March 31, 2015, and the year ended December 31, 2014, the Company determined that a valuation allowance equal to 100% of any deferred tax asset was appropriate, as management of the Company cannot determine that it is more likely than not the Company will realize the benefit of a net deferred tax asset. The net effect is that the deferred tax asset as of December 31, 2014, and any deferred tax assets that may have been incurred since then, are fully reserved for at March 31, 2015.

12_Stockholders_Equity

12. Stockholder's Equity	3 Months Ended
	Mar. 31, 2015
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.
	Issuance of Common Stock for Payable to Board of Directors
	During the quarter ended March 31, 2015, the Board of Directors was issued a total of 183,825 shares of common stock for $125,000 in director’s fees that were payable at December 31, 2014.  In addition during the quarter, the Company accrued $37,500 in directors fees payable that will be paid in common stock.
	Issuance of Common Stock for Services
	During the quarter ended March 31, 2015, 5,000 shares were issued to Bert Denton for services totaling $2,950.
	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. No warrants were issued or exercised during the quarter ended March 31, 2015.
	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		(310,625	)	$	1.20-$1.60
	Warrants expired		(1,415,865	)
	Balance, December 31, 2014		762,917		$	0.25 - $4.50
	No activity		-
	Balance, March 31, 2015		726,917		$	0.25 - $4.50
	The above common stock warrants expire as follows:
	Year ended December 31:
	2015		476,917		$	4.5
	Thereafter		250,000		$	0.25
			726,917

13_Business_Segments

13. Business Segments	3 Months Ended
	Mar. 31, 2015
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 Notes 9.
		As of March 31,			As of December 31, 2014
		2015
	Properties, plants and equipment, net:
	Antimony
	United States	$	1,921,744		$	1,936,894
	Mexico		10,380,090			9,996,579
	Subtotal Antimony		12,301,834			11,933,473
	Zeolite		1,533,614			1,578,330
		$	13,835,448		$	13,511,803
	Total Assets:	As of March 31,			As of December 31, 2014
		2015
	Antimony
	United States	$	3,465,507		$	3,045,426
	Mexico		12,824,312			11,415,198
	Subtotal Antimony		16,289,819			14,460,624
	Zeolite		1,904,443			2,084,407
		$	18,194,262		$	16,545,031
		For the three Months Ended
	Capital expenditures:	31-Mar-15			31-Mar-14
	Antimony
	United States	$	-		$	58,541
	Mexico		527,185			227,589
	Subtotal Antimony		527,185			286,130
	Zeolite		11,285			29,057
	Total	$	538,470		$	315,187
	Segment Operations for the	Antimony			Antimony			Antimony			Bear River
	Three Months ended March 31, 2015	USAC			Mexico			Hillgrove			Zeolite			Totals
	Total revenues	$	2,362,621		$	-					$	584,760		$	2,947,381
	Production costs		849,513			1,012,712			247,183			408,338			2,517,746
	Depreciation and amortization		16,434			148,875			-			56,000			221,309
	Other operating costs		483,024			73,599			-			138,281			649,904
	Other operating income		(919,970	)		(12,248	)		-			-			(932,218	)
	Total operating expenses (income)		429,001			1,222,938			247,183			602,619			2,456,741
	Gross profit (loss)		1,933,620			(1,222,938	)		(247,183	)		(17,859	)		445,640
	Other income:		2,651			-			-			517			3,168
	Other (expense):		(6,749	)		(468	)		-			(1,563	)		(8,780	)
	Income (loss) before income taxes		1,929,522			(1,223,406	)		(247,183	)		(18,905	)		440,028
	NET INCOME (LOSS)	$	1,929,522		$	(1,223,406	)	$	(247,183	)	$	(18,905	)	$	440,028
	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			648,813
	Other operating income		-			(5,451	)		-			-			(5,451	)
	Total operating expenses		1,837,345			910,551			-			550,242			3,298,139
	Gross profit (loss)		456,520			(910,551	)		-			108,207			(345,825	)
	Other income (expense):		(12,631	)		-						285			(6,895	)
	Income (loss) before income taxes		443,889			(910,551	)		-			108,492			(358,170	)
	NET INCOME (LOSS)	$	443,889		$	(910,551	)	$	-		$	108,492		$	(358,170	)

2_Income_Loss_Per_Common_Share1

2. Income (Loss) Per Common Share (Tables)	3 Months Ended
	Mar. 31, 2015
Net income (loss) per share of common stock:
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share		For the Three Months Ended
		3/31/15		3/31/14
	Warrants		476,917		2,364,407
	Convertible preferred stock		1,751,005		1,751,005
	Total possible dilution		2,227,922		4,115,412

3_Inventories_Tables

3. Inventories (Tables)	3 Months Ended
	Mar. 31, 2015
Inventory Disclosure [Abstract]
Inventories		March 31,		31-Dec-14
		2015
	Antimony Metal	$	86,032	$	40,352
	Antimony Oxide		704,315		718,982
	Antimony Concentrates		938,133		33,545
	Antimony Ore		486,242		447,262
	Total antimony		2,214,722		1,240,141
	Zeolite		92,442		193,398
		$	2,307,164	$	1,433,539

4_Accounts_Receivable_and_Due_1

4. Accounts Receivable and Due to Factor (Tables)	3 Months Ended
	Mar. 31, 2015
Accounts Receivable And Due To Factor Tables
Account Receivables	Accounts Receivble	March 31,			December 31,
		2015			2014
	Accounts receivable - non factored	$	385,263		$	445,391
	Accounts receivable - factored with recourse		154,524			13,314
	less allowance for doubtful accounts		(4,031	)		(4,031	)
	Accounts receivable - net	$	535,756		$	454,674

7_Notes_Payable_to_Bank_Tables

7. Notes Payable to Bank (Tables)	3 Months Ended
	Mar. 31, 2015
Debt Disclosure [Abstract]
Summary of notes payable to bank		March 31,		December 31, 2014
		2015
	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		71,906		0
	Total notes payable to bank	$	71,906	$	0

8_LongTerm_Debt_Tables

8. Long-Term Debt (Tables)	3 Months Ended
	Mar. 31, 2015
Debt Disclosure [Abstract]
Long - Term Debt
	Long-Term debt at March 31, 2015 and December 31, 2014, is as follows:	March 31,			December 31,
		2015			2014
	Note payable to  Wells Fargo Bank, bearing interest at 4%;
	payable in monthly installments of $477; maturing
	December 2016; collateralized by equipment.	$	9,081		$	10,245
	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.		6,032			11,977
	Note payable to BMT Leasing, bearing interest
	at 13.38%; payable in monthly installments of $786; maturing
	December 2015; collateralized by equipment.		6,841			9,254
	Note payable to Catepillar Financial, bearing interest at 5.95%;
	payable in monthly installments of $827; maturing September 2015;
	collateralized by equipment.		5,661			8,051
	Note payable toDe Lage Landen Financial Services,
	bearing interest at 5.30%; payable in monthly installments of $549;
	maturing  March 2016; collateralized by equipment.		6,403			7,951
	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.		-			689
	Note payable to Phyllis Rice, bearing interest
	at 1%; payable in monthly installments of $2,000; maturing
	March 2015; collateralized by equipment.		18,146			18,146
	Obligation payable for Soyatal Mine, non-interest bearing,
	annual payments of $200,000  through 2019, net of discount.		818,918			808,293
			871,082			874,606
	Less current portion		(248,059	)		(159,278	)
	Long-term portion	$	623,023		$	715,328
Debt Outstanding	Year Ending March 31,
	2016		248,059
	2017		65,056
	2018		139,199
	2019		172,962
	2020		183,339
	2021		62,467
		$	871,082

9_Concentration_of_Risk_Tables

9. Concentration of Risk (Tables)	3 Months Ended
	Mar. 31, 2015
Concentration Of Risk Tables
Major Customers Revenue Details	Sales to Three	For the Period Ended
	Largest Customers	31-Mar-15			31-Mar-14
	Alpha Gary Corporation	$	969,960		$	1,142,850
	Ampacet Corporation		305,407			-
	Kohler Corporation		340,473			778,766
	Teck American, Inc.					145,432
		$	1,615,840		$	2,067,048
	% of Total Revenues		54.82	%		70.1	%
	Three Largest
	Accounts Receivable	31-Mar-15			31-Mar-14
	Kohler Corporation				$	383,589
	Commerce Industrial Chemical					57,715
	AlphaGary Corporation		36,945			-
	Scutter Enterprises LLC		26,600			-
	Teck American, Inc.		164,042			203,888
		$	227,587		$	645,192
	% of Total Receivables		43.66	%		74	%

12_Stockholders_Equity_Tables

12. Stockholder's Equity (Tables)	3 Months Ended
	Mar. 31, 2015
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		(310,625	)	$	1.20-$1.60
	Warrants expired		(1,415,865	)
	Balance, December 31, 2014		762,917		$	0.25 - $4.50
	No activity		-
	Balance, March 31, 2015		726,917		$	0.25 - $4.50
	The above common stock warrants expire as follows:
	Year ended December 31:
	2015		476,917		$	4.5
	Thereafter		250,000		$	0.25
			726,917

13_Business_Segments_Tables

13. Business Segments (Tables)	3 Months Ended
	Mar. 31, 2015
Segment Reporting [Abstract]
Segment Information		As of March 31,			As of December 31, 2014
		2015
	Properties, plants and equipment, net:
	Antimony
	United States	$	1,921,744		$	1,936,894
	Mexico		10,380,090			9,996,579
	Subtotal Antimony		12,301,834			11,933,473
	Zeolite		1,533,614			1,578,330
		$	13,835,448		$	13,511,803
	Total Assets:	As of March 31,			As of December 31, 2014
		2015
	Antimony
	United States	$	3,465,507		$	3,045,426
	Mexico		12,824,312			11,415,198
	Subtotal Antimony		16,289,819			14,460,624
	Zeolite		1,904,443			2,084,407
		$	18,194,262		$	16,545,031
Capital Expenditure Information		For the three Months Ended
	Capital expenditures:	31-Mar-15			31-Mar-14
	Antimony
	United States	$	-		$	58,541
	Mexico		527,185			227,589
	Subtotal Antimony		527,185			286,130
	Zeolite		11,285			29,057
	Total	$	538,470		$	315,187
Segment Revenue Information	Segment Operations for the	Antimony			Antimony			Antimony			Bear River
	Three Months ended March 31, 2015	USAC			Mexico			Hillgrove			Zeolite			Totals
	Total revenues	$	2,362,621		$	-					$	584,760		$	2,947,381
	Production costs		849,513			1,012,712			247,183			408,338			2,517,746
	Depreciation and amortization		16,434			148,875			-			56,000			221,309
	Other operating costs		483,024			73,599			-			138,281			649,904
	Other operating income		(919,970	)		(12,248	)		-			-			(932,218	)
	Total operating expenses (income)		429,001			1,222,938			247,183			602,619			2,456,741
	Gross profit (loss)		1,933,620			(1,222,938	)		(247,183	)		(17,859	)		445,640
	Other income:		2,651			-			-			517			3,168
	Other (expense):		(6,749	)		(468	)		-			(1,563	)		(8,780	)
	Income (loss) before income taxes		1,929,522			(1,223,406	)		(247,183	)		(18,905	)		440,028
	NET INCOME (LOSS)	$	1,929,522		$	(1,223,406	)	$	(247,183	)	$	(18,905	)	$	440,028
	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			648,813
	Other operating income		-			(5,451	)		-			-			(5,451	)
	Total operating expenses		1,837,345			910,551			-			550,242			3,298,139
	Gross profit (loss)		456,520			(910,551	)		-			108,207			(345,825	)
	Other income (expense):		(12,631	)		-						285			(6,895	)
	Income (loss) before income taxes		443,889			(910,551	)		-			108,492			(358,170	)
	NET INCOME (LOSS)	$	443,889		$	(910,551	)	$	-		$	108,492		$	(358,170	)

1_Basis_of_Presentation_Detail

1. Basis of Presentation (Details Narrative) (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Accounting Policies [Abstract]
Interest expense	$12,766	$11,689
Capitalized cost of construction	$12,340	$11,575
Effective tax rate	0.00%	0.00%

2_Income_Loss_Per_Common_Share2

2. Income (Loss) Per Common Share (Details)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Net income (loss) per share of common stock:
Warrants	476,917	2,364,407
Convertible preferred stock	1,751,005	1,751,005
Total possible dilution	2,227,922	4,115,412

3_Inventories_Details

3. Inventories (Details) (USD $)	Mar. 31, 2015	Dec. 31, 2014
Inventories	$2,307,164	$1,433,539
Antimony Oxide - Finished
Inventories	704,315	718,982
Antimony Metal [Member]
Inventories	86,032	40,352
Antimony Concentrates
Inventories	938,133	93,190
Antimony Ore [Member]
Inventories	486,242	447,262
Antimony [Member]
Inventories	2,214,722	1,240,141
Zeolite [Member]
Inventories	$92,442	$193,398

3_Inventories_Details_Narrativ

3. Inventories (Details Narrative) (USD $)	3 Months Ended
	Mar. 31, 2015
Inventories Details Narrative
Gain on liability adjustment accounts payable	$927,018

4_Accounts_Receivable_and_Due_2

4. Accounts Receivable and Due to Factor (Details) (USD $)	Mar. 31, 2015	Dec. 31, 2014
Accounts Receivable And Due To Factor Tables
Accounts receivable - non factored	$385,263	$445,391
Accounts receivable - factored with recourse	154,524	13,314
Less allowance for doubtful accounts	-4,031	-4,031
Accounts receivable - net	$535,756	$454,674

5_Other_Assets_Details_Narrati

5. Other Assets (Details Narrative) (USD $)	Mar. 31, 2015	Dec. 31, 2014
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Advances for equipment and antimony	$630,802	$605,737

6_Commitments_and_Contingencie1

6. Commitments and Contingencies (Details Narrative) (USD $)	3 Months Ended	12 Months Ended
	Mar. 31, 2015	Dec. 31, 2014
Commitments and Contingencies Disclosure [Abstract]
Payments paid for capitalized mineral rights	$0	$200,000
Other accrued liabilities	$716	$0
Payments scheduled	At March 31, 2015, the following payments are scheduled: $100,000 on June 15, 2015 and $192,000 on December 15, 2015.

7_Notes_Payable_to_Bank_Detail

7. Notes Payable to Bank (Details) (USD $)	Mar. 31, 2015	Dec. 31, 2014
Notes payable to bank	$71,906	$0
Promissory note payable CD 48615
Notes payable to bank	$71,906	$0

8_Long_Term_Debt_Details

8. Long - Term Debt (Details) (USD $)	Mar. 31, 2015	Dec. 31, 2014
Total debt	$871,082	$874,606
Less current portion	-248,059	-159,278
Noncurrent portion	623,023	715,328
Wells fargo bank
Total debt	9,081	10,245
Western States Equipmen tCo
Total debt	6,032	11,977
BMT Leasing
Total debt	6,841	9,254
Catepillar Finance
Total debt	5,661	8,051
De Lage Landen Financial Services
Total debt	6,403	7,951
De Lage Landen Financial Services 1
Total debt		689
Phyllis Rice
Total debt	18,146	18,146
Soyatal Mine
Total debt	$818,918	$808,293

8_Long_Term_Debt_Details_1

8. Long - Term Debt (Details 1) (USD $)	Mar. 31, 2015
Long Term Debt Details 1
2016	$248,059
2017	65,056
2018	139,199
2019	172,962
2020	183,339
2021	62,467
Total	$871,082

9_Concentrations_of_Risk_Detai

9. Concentrations of Risk (Details) (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Sales to Three Largest Customers	$1,615,840	$2,067,048
Total percentage of revenue	54.82%	70.10%
Alpha Gary Corporation
Sales to Three Largest Customers	969,960	1,142,850
Ampacet Corporation
Sales to Three Largest Customers	305,407
Kohler Corporation
Sales to Three Largest Customers	340,473	778,766
Teck American, Inc.
Sales to Three Largest Customers		$145,432

9_Concentrations_of_Risk_Detai1

9. Concentrations of Risk (Details1) (USD $)	Mar. 31, 2015	Mar. 31, 2014
Accounts Receivable	$227,587	$645,192
Total percentage of receivables	43.66%	74.00%
Kohler Corporation
Accounts Receivable		383,589
Commerce Industrial Chemical
Accounts Receivable		57,715
Alpha Gary Corporation
Accounts Receivable	36,945
Scutter Enterprises LLC
Accounts Receivable	26,600
Teck American, Inc.
Accounts Receivable	$164,042	$203,888

10_Related_Party_Transactions_

10. Related Party Transactions (Details Narrative) (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Chairman of the audit committee and compensation committee
Related Party Transactions	$9,000	$9,000
John Lawrence, President and Chief financial Officer
Related Party Transactions	13,710	3,732
Company controlled by the estate of Al Dugan
Related Party Transactions	$13,097	$15,605

12_Stockholders_Equity_Details

12. Stockholder's Equity (Details) (USD $)	3 Months Ended	12 Months Ended
	Mar. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Warrant
Beginning balance, shares	762,917	2,489,407
Warrants exercised, shares		-310,625
Warrants expired, shares		-1,415,865
Ending balance, shares	726,917	762,917
2015	476,917
Thereafter	250,000
Total	726,917
2015	$4.50
Thereafter	$0.25
Minimum | Warrant
Beginning balance, Exercise Prices	$0.25	0.25
Warrants granted, Exercise Prices		1.2
Ending balance Exercise Prices	$0.25	0.25
Maximum | Warrant
Beginning balance, Exercise Prices	$4.50	4.5
Warrants granted, Exercise Prices		1.6
Ending balance Exercise Prices	$4.50	4.5
Warrant
Beginning balance, shares			1,934,667
Warrants issued, shares			629,740
Warrants exercised, shares			-25,000
Warrants expired, shares			-50,000
Ending balance, shares			2,489,407
Warrants exercised, Exercise Prices			$1.20
Warrants expired, Exercise Prices			$4.50
Warrant | Minimum
Beginning balance, Exercise Prices			$0.25
Warrants granted, Exercise Prices			$1.20
Ending balance Exercise Prices			$0.25
Warrant | Maximum
Beginning balance, Exercise Prices			$4.50
Warrants granted, Exercise Prices			$1.60
Ending balance Exercise Prices			$4.50

12_Stockholders_Equity_Details1

12. Stockholder's Equity (Details Narrative) (USD $)	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2015
Issuance of common stock for warrants, amount	$170,000
Director
Issuance of common stock for warrants, shares	125,000
Issuance of common stock for warrants, amount	170,000
Issuance of common stock for director's fees, shares		183,825
Directors fees payables	125,000
Accrued directors fees		37,500
Bert Denton
Issuance of Common Stock for Services		5,000
Issuance of Common Stock for Services, amount		$2,950

13_Business_Segments_Details

13. Business Segments (Details) (USD $)	Mar. 31, 2015	Dec. 31, 2014
Properties, plants and equipment, net	$13,835,448	$13,511,803
Total Assets	18,194,262	16,545,031
United States Antimony [Member]
Properties, plants and equipment, net	1,921,744	1,936,894
Total Assets	3,465,507	3,045,426
Mexico Antimony [Member]
Properties, plants and equipment, net	10,380,090	9,996,579
Total Assets	12,824,312	11,415,198
Subtotal Antimony [Member]
Properties, plants and equipment, net	12,301,834	11,933,473
Total Assets	16,289,819	14,460,624
Zeolite [Member]
Properties, plants and equipment, net	1,533,614	1,578,330
Total Assets	$1,904,443	$2,084,407

13_Business_Segments_Details_1

13. Business Segments (Details 1) (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Capital Expenditure	$538,470	$315,187
United States Antimony [Member]
Capital Expenditure		58,541
Mexico Antimony [Member]
Capital Expenditure	527,185	227,589
Subtotal Antimony [Member]
Capital Expenditure	527,185	286,130
Zeolite [Member]
Capital Expenditure	$11,285	$29,057

13_Business_Segments_Details_2

13. Business Segments (Details 2) (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Total revenues	$2,947,381	$2,952,314
Production costs	2,517,746	2,467,304
Depreciation and amortization	221,309	187,473
Other operating costs	649,904	648,813
Other operating income	-932,218	-5,451
Total operating expenses	2,456,741	3,298,139
Gross profit (loss)	-104,053	-52,540
Other income (expense):	445,640	-345,825
Other income:	3,168
Other (expense):	-8,780
Income (loss) before income taxes	440,028	-358,170
NET INCOME (LOSS)	440,028	-358,170
United States Antimony [Member]
Total revenues	2,362,621	2,293,865
Production costs	849,513	1,427,417
Depreciation and amortization	16,434	16,165
Other operating costs	483,024	393,763
Other operating income	-919,970
Total operating expenses	429,001	1,837,345
Gross profit (loss)	1,933,620	456,520
Other income (expense):		-12,631
Other income:	2,651
Other (expense):	-6,749
Income (loss) before income taxes	1,929,522	443,889
NET INCOME (LOSS)	1,929,522	443,889
Mexico Antimony [Member]
Total revenues
Production costs	1,012,712	667,706
Depreciation and amortization	148,875	116,406
Other operating costs	73,599	131,890
Other operating income	-12,248	-5,451
Total operating expenses	1,222,938	910,551
Gross profit (loss)	-1,222,938	-910,551
Other income (expense):
Other income:
Other (expense):	-468
Income (loss) before income taxes	-1,223,406	-910,551
NET INCOME (LOSS)	-1,223,406	-910,551
Hillgrove Antimony [Member]
Total revenues
Production costs	247,183
Depreciation and amortization
Other operating costs
Other operating income
Total operating expenses	247,183
Gross profit (loss)	-247,183
Other income:
Other (expense):
Income (loss) before income taxes	-247,183
NET INCOME (LOSS)	-247,183
Zeolite [Member]
Total revenues	584,760	658,449
Production costs	408,338	372,181
Depreciation and amortization	56,000	54,902
Other operating costs	138,281	123,159
Other operating income
Total operating expenses	602,619	550,242
Gross profit (loss)	-17,859	108,207
Other income (expense):		285
Other income:	517
Other (expense):	-1,563
Income (loss) before income taxes	-18,905	108,492
NET INCOME (LOSS)	($18,905)	$108,492