United States Antimony (UAMY) 10-Q 15 May 19 2019 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2019	May 15, 2019
Document And Entity Information
Entity Registrant Name	UNITED STATES ANTIMONY CORP
Entity Central Index Key	0000101538
Document Type	10-Q
Document Period End Date	Mar. 31, 2019
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Is Entity's Reporting Status Current?	Yes
Entity Filer Category	Non-accelerated Filer
Entity Emerging Growth Company	false
Entity Small Business	true
Entity Common Stock, Shares Outstanding		68,427,171
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2019

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Mar. 31, 2019	Dec. 31, 2018
Current assets:
Cash and cash equivalents	$ 43,504	$ 56,650
Certificates of deposit	253,552	252,954
Accounts receivable, net	335,186	438,391
Inventories	887,648	755,261
Note receivable - sale of land	0	400,000
Total current assets	1,519,890	1,903,256
Properties, plants and equipment, net	15,316,467	15,227,172
Restricted cash for reclamation bonds	57,247	57,247
IVA receivable and other assets	403,466	369,448
Total assets	17,297,070	17,557,123
Current liabilities:
Checks issued and payable	45,637	46,482
Accounts payable	2,045,402	1,926,320
Due to factor	5,440	16,524
Accrued payroll, taxes and interest	262,463	159,037
Other accrued liabilities	378,010	353,911
Payables to related party	247,731	93,567
Deferred revenue	32,400	32,400
Notes payable to bank	113,125	183,917
Long-term debt, current portion, net of discount	725,317	705,460
Total current liabilities	3,855,525	3,517,618
Long-term debt, net of discount and current portion	968,443	1,027,730
Hillgrove advances payable	1,134,221	1,134,221
Stock payable to directors for services	206,250	175,000
Asset retirement obligations and accrued reclamation costs	279,257	277,720
Total liabilities	6,443,696	6,132,289
Commitments and contingencies (Note 4, and 7)
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 $930,000 and $922,500 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 $5,002,470 and $4,961,324 respectively)	17,509	17,509
Common stock, $0.01 par value, 90,000,000 shares authorized; 68,427,171 and 68,227,171 shares issued and outstanding, respectively	684,271	682,271
Additional paid-in capital	36,540,874	36,406,874
Accumulated deficit	(26,398,559)	(25,691,099)
Total stockholders' equity	10,853,374	11,424,834
Total liabilities and stockholders' equity	$ 17,297,070	$ 17,557,123

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($)	Mar. 31, 2019	Dec. 31, 2018
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	$ 930,000	$ 922,500
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	$ 5,002,470	$ 4,961,324
Common stock, par value	$ 0.01	$ 0.01
Common stock, authorized shares	90,000,000	90,000,000
Common stock, issued shares	68,427,171	68,227,171
Common stock, outstanding shares	68,427,171	68,227,171

Consolidated Statements of Oper

Consolidated Statements of Operations (Unaudited) - USD ($)	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Income Statement [Abstract]
REVENUES	$ 2,456,365	$ 2,432,929
COST OF REVENUES	2,525,418	2,488,017
GROSS PROFIT (LOSS)	(69,053)	(55,088)
OPERATING EXPENSES:
General and administrative	205,174	150,831
Salaries and benefits	232,668	91,446
Other operating expenses	76,130	0
Professional fees	100,742	102,404
TOTAL OPERATING EXPENSES	614,714	344,681
INCOME (LOSS) FROM OPERATIONS	(683,767)	(399,769)
OTHER INCOME (EXPENSE):
Interest income	741	562
Interest expense	(22,488)	(23,833)
Foreign exchange gain (loss)	0	(50,000)
Factoring expense	(1,946)	(1,400)
TOTAL OTHER INCOME (EXPENSE)	(23,693)	(74,671)
NET LOSS	$ (707,460)	$ (474,440)
Preferred dividends	$ (12,162)	$ (12,162)
Net loss available to common stockholders	$ (719,622)	$ (486,602)
Net income (loss) per share of common stock:
Basic	$ (0.01)	$ (0.01)
Diluted	$ (0.01)	$ (0.01)
Weighted average shares outstanding:
Basic	68,394,204	67,488,063
Diluted	68,394,204	67,488,063

Consolidated Statements of Chan

Consolidated Statements of Changes in Stockholders' Equity - USD ($)	Preferred Stock	Common Stock	Additional Paid-in Capital	Accumulated Deficit	Total
Beginning Balance - Shares at Dec. 31, 2017	2,678,909	67,488,153
Beginning Balance - Amount at Dec. 31, 2017	$ 26,788	$ 674,881	$ 36,239,264	$ (26,564,324)	$ 10,376,609
Net income (loss)				(474,440)	(474,440)
Ending Balance, Shares at Mar. 31, 2018	2,678,909	67,488,153
Ending Balance, Amount at Mar. 31, 2018	$ 26,788	$ 674,881	36,239,264	(27,038,764)	9,902,169
Beginning Balance - Shares at Dec. 31, 2018	2,678,909	68,227,171
Beginning Balance - Amount at Dec. 31, 2018	$ 26,788	$ 682,271	36,406,874	(25,691,099)	11,424,834
Issuance of common stock to chief financial officer, Shares	200,000
Issuance of common stock to chief financial officer, Amount	$ 2,000		134,000		136,000
Net income (loss)				(707,460)	(707,460)
Ending Balance, Shares at Mar. 31, 2019	2,678,909	68,427,171
Ending Balance, Amount at Mar. 31, 2019	$ 26,788	$ 684,271	$ 36,540,874	$ (26,398,559)	$ 10,853,374

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($)	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Cash Flows From Operating Activities:
Net income (loss)	$ (707,460)	$ (474,440)
Adjustments to reconcile net income (loss) to net cash provided (used) by operating activities:
Depreciation and amortization	223,273	277,562
Amortization of debt discount	18,037	21,120
Accretion of asset retirement obligation	1,537	1,537
Common stock issued for services	136,000	0
Common stock payable for directors fees	31,250	43,750
Foreign exchange (gain) loss	0	50,000
Other, net	(598)	(444)
Change in:
Accounts receivable	103,205	(49,967)
Inventories	(132,387)	273,615
Other current assets	0	4,697
IVA receivable and other assets	(34,018)	(45,609)
Accounts payable	119,082	16,202
Accrued payroll, taxes and interest	103,426	10,015
Other accrued liabilities	24,099	27,271
Deferred revenue	0	116
Payables to related party	28,964	8,236
Net cash provided (used) by operating activities	(85,590)	163,661
Cash Flows From Investing Activities:
Payment received on note receivable - sale of land	400,000	0
Purchase of properties, plants and equipment	(312,568)	(94,805)
Net cash provided (used) by investing activities	87,432	(94,805)
Cash Flows From Financing Activities:
Change in checks issued and payable	(845)	(17,203)
Net borrowing from factor	(11,084)	1,870
Advance from related party	125,200	75,000
Principal paid on notes payable to bank	(70,792)	(95,448)
Principal payments of net debt	(57,467)	(48,681)
Net cash provided (used) by financing activities	(14,988)	(84,462)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS AND RESTRICTED CASH	(13,146)	(15,606)
Cash and cash equivalents and restricted cash at beginning of period	113,897	91,332
Cash and cash equivalents and restricted cash at end of period	$ 100,751	$ 75,726

1. Basis of Presentation

1. Basis of Presentation	3 Months Ended
	Mar. 31, 2019
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 period ended March 31, 2019 are not necessarily indicative of the results that may be expected for the full year ending December 31, 2019. 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, 2018. Going Concern Consideration At March 31, 2019, the Company’s consolidated financial statements show negative working capital of approximately $2.3 million and accumulated deficit of approximately $26.4 million. In addition, the Company has a net loss of $707,460 for the first quarter of 2019, and the Company has had recurring operating losses for most of the prior periods. These factors indicate that there may be doubt regarding the ability to continue as a going concern for the next twelve months. The continuing losses are principally a result of the Company’s antimony operations and in particular the production costs incurred in Mexico. Regarding the antimony division, prices were stable or decreased slightly during the first quarter of 2019 compared to the same quarter in the prior year, but orders have been strong. For the quarter ended March 31, 2019, the average sale price for antimony is approximately $3.85 per pound compared to a price of $4.04 per pound for the quarter ended March 31, 2018. In November 2017, the Company renegotiated its domestic sodium antimonite supply agreement with our North American supplier resulting in a lower cost per antimony per pound of approximately $0.44. During 2018, we endured supply interruptions from our North American supplier, but normal supply quantities have resumed since 2018. The new supply agreement with our North American supplier has helped us with cash flow from our antimony division in 2018 and into 2019. In 2017, we reduced costs for labor at the Mexico locations which has resulted in a lower overall production costs in Mexico and we adjusted operating approaches at Madero that resulted in decreased operating costs for fuel, natural gas, electricity, and reagents for 2018 and 2019. The Company’s 2019 plan involves ramping up production at its antimony properties in Mexico. Our expectations are that in 2019 we can double the antimony output for 2018. We also are planning to produce and sell antimony metal directly from Mexico to customers which will save us approximately $0.38 per pound in processing costs and freight. In addition, a new leach circuit expected to come on line during 2019 in Mexico will result in more extraction of precious metals. The portion of the precious metals recovery system at the Madero smelter is complete and the cyanide leach circuit being built at the Puerto Blanco plant is expected to be completed in the second quarter of 2019. We expect to be receiving income from the production of precious metals some time during the third quarter of 2019. We believe that with the lower cost per pound due to increased production and the savings from shipping metal directly from Mexico, we will have positive cash flow for Mexican antimony production by the end of the year and that we will be selling precious metals produced from Los Juarez before the end of 2019. Over the past several years, the Company has been able to make required principal payments on its debt from cash generated from operations without the need for additional borrowings or selling shares of its common stock. The Company plans to continue keeping current on its debt payments in 2019 through cash flows from operations while we continue with the expansion of our Mexican operation. Management believes that the actions taken to increase production and revenue from both antimony and precious metals along with a reduction in production costs will enable the Company to meet its obligations for the next twelve months.

2. Developments in Accounting P

2. Developments in Accounting Pronouncements	3 Months Ended
	Mar. 31, 2019
Developments In Accounting Pronouncements
Developments in Accounting Pronouncements	Accounting Standards Updates Adopted In February 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2016-02 Leases (Topic 842). The update modified the classification criteria and requires lessees to recognize the assets and liabilities on the balance sheet for most leases. The update was effective for fiscal years beginning after December 15, 2018, with early adoption permitted. Adoption of this update as of January 1, 2019 did not have a material impact on the Company’s consolidated financial statements. In June 2018, the FASB issued ASU No. 2018-07 Compensation - Stock Compensation (Topic 718): Improvements to Nonemployee Share-Based Payment Accounting. The update involves simplification of several aspects of accounting for nonemployee share-based payment transactions by expanding the scope of Topic 718 to include nonemployee awards. The update was effective for fiscal years beginning after December 15, 2018, and interim periods within those fiscal years, with early adoption permitted. Adoption of this update as of January 1, 2019 did not have a material impact on the Company’s consolidated financial statements. Accounting Standards Updates to Become Effective in Future Periods In August 2018, the FASB issued ASU No. 2018-13 Fair Value Measurement (Topic 820): Disclosure Framework - Changes to the Disclosure Requirements for Fair Value Measurement. The update removes, modifies and makes additions to the disclosure requirements on fair value measurements. The update is effective for fiscal years beginning after December 15, 2019, with early adoption permitted. Management is evaluating the impact of this update on the Company’s fair value measurement disclosures.

3. Income (Loss) Per Common Sha

3. Income (Loss) Per Common Share	3 Months Ended
	Mar. 31, 2019
Net income (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. For the three months ended March 31, 2019 and 2018, 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: March 31, 2019 March 31, 2018 Warrants 250,000 250,000 Convertible preferred stock 1,751,005 1,751,005 Total possible dilution 2,001,005 2,001,005

4. Revenue Recognition

4. Revenue Recognition	3 Months Ended
	Mar. 31, 2019
Revenue Recognition [Abstract]
Revenue Recognition	Our products consist of the following: ● Antimony: includes antimony oxide, sodium antimonate, antimony trisulfide, and antimony metal ● Zeolite: includes coarse and fine zeolite crushed in various sizes ● Precious Metals: includes unrefined and refined gold and silver For our antimony and zeolite products, revenue is recognized upon the completion of the performance obligation which is met when the transaction price can be reasonably estimated and revenue is recognized generally at the time when risk is transferred. We have determined the performance obligation is met and title is transferred either upon shipment from our warehouse locations or upon receipt by the customer as specified in individual sales orders. The performance obligation is met because at that time, 1) legal title is transferred to the customer, 2) the customer has accepted the product and obtained the ability to realize all of the benefits from the product, 3) the customer has the significant risks and rewards of ownership to it, 4) it is very unlikely product will be rejected by the customer upon physical receipt, and 5) we have the right to payment for the product. Shipping costs related to the sales of antimony and zeolite products are recorded to cost of sales as incurred. For zeolite products, royalty expense due a third party by the Company is also recorded to cost of sales upon sale in accordance with terms of underlying royalty agreements. For sales of precious metals, the performance obligation is met, the transaction price is known, and revenue is recognized at the time of transfer of control of the agreed-upon metal quantities to the customer. Refining and shipping costs related to sales of precious metals are recorded to cost of sales as incurred. Sales of products for the three month periods ended March 31, 2019 and 2018, were as follows: Three Months Ended March 31, 2019 2018 Antimony $ 1,705,823 $ 1,681,812 Zeolite 726,015 690,707 Precious metals 24,527 60,410 $ 2,456,365 $ 2,432,929 The following is sales information by geographic area based on the location of customers for the three month periods ended March 31, 2019 and 2018: Three Months Ended March 31, 2019 2018 United States $ 2,108,569 $ 2,247,691 Canada 187,257 185,238 Mexico 160,539 - $ 2,456,365 $ 2,432,929 Sales of products to significant customers were as follows for the three month periods ended March 31, 2019 and 2018: Sales to Three For the Period Ended Largest Customers March 31, 2019 March 31, 2018 Kohler Corporation $ 458,094 $ 316,772 Ampacet Corporation - 184,142 East Penn Manufacturing 157,328 - Mexichem Speciality Compounds 684,011 728,578 $ 1,299,433 $ 1,229,492 % of Total Revenues 52.90 % 50.50 % Accounts receivable from largest customers were as follows at March 31, 2019 and December 31, 2018: Three Largest Accounts Receivable March 31, 2019 December 31, 2018 DanaMart $ - $ 143,890 Axens North America Inc. 64,500 34,912 Earth Innovations Inc. - 35,967 Commerce Industrial Chemical 36,652 - Nutreco Canada Inc. 27,736 - $ 128,888 $ 214,769 % of Total Receivables 38.50 % 49.00 % Our trade accounts receivable balance related to contracts with customers was $335,186 at March 31, 2019 and $438,391 at December 31, 2018. Our products do not involve any warranty agreements and product returns are not typical. We have determined our contracts do not include a significant financing component. For antimony and zeolite sales contracts, we may factor certain receivables and receive final payment within 30 days of the performance obligation being met. For antimony and zeolite receivables not factored, we typically receive payment within 10 days. For precious metals sales, a provisional payment of 75% is typically received within 45 days of the date the product is delivered to the customer. After an exchange of assays, a final payment is normally received within 90 days of product delivery.

5. Inventories

5. Inventories	3 Months Ended
	Mar. 31, 2019
Inventory Disclosure [Abstract]
Inventories	Inventories at March 31, 2019 and December 31, 2018 consisted primarily of finished antimony products, antimony metal, antimony ore, and finished zeolite products that are stated at weighted average lower of 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, 2019 and December 31, 2018, is as follows: March 31, December 31, 2019 2018 Antimony Metal $ 158,532 $ 8,127 Antimony Oxide 252,704 255,782 Antimony Concentrates - 2,214 Antimony Ore 269,627 257,067 Total antimony 680,863 523,190 Zeolite 206,785 232,071 $ 887,648 $ 755,261

6. Accounts Receivable and Due

6. Accounts Receivable and Due to Factor	3 Months Ended
	Mar. 31, 2019
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 (if any) 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, 2019 December 31, 2018 Accounts receivable - non factored $ 329,746 $ 421,867 Accounts receivable - factored with recourse 5,440 16,524 Accounts receivable - net $ 335,186 $ 438,391

7. Commitments and Contingencie

7. Commitments and Contingencies	3 Months Ended
	Mar. 31, 2019
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	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 term of one year, and as of March 31, 2019, requires payments of $10,000 plus a tax of $1,700, per month. The lease is renewable each year with a 15 day notice to the lessor, and agreement of terms. The next lease renewal is scheduled for renewal in June 2019.

8. Note Payable to Bank

8. Note Payable to Bank	3 Months Ended
	Mar. 31, 2019
Debt Disclosure [Abstract]
Note Payable to Bank	At March 31, 2019 and December 31, 2018, the Company had the following notes payable to bank: March 31, December 31, 2019 2018 Promissory note payable to First Security Bank of Missoula, bearing interest at 3.150%, payable on demand, collateralized by a lien on Certificate of Deposit $ 13,126 $ 83,918 Promissory note payable to First Security Bank of Missoula, bearing interest at 3.150%, payable on demand, collateralized by a lien on Certificate of Deposit 99,999 99,999 Total notes payable to the bank $ 113,125 $ 183,917 These notes are personally guaranteed by John C. Lawrence the Company’s Chief Executive Officer and Chairman of the Board of Directors. The maximum amount available for borrowing under each note is $99,999.

9. Debt

9. Debt	3 Months Ended
	Mar. 31, 2019
Debt Disclosure [Abstract]
Debt	Long-Term debt at March 31, 2019 and December 31, 2018 is as follows: March 31, December 31, 2019 2018 Note payable to Zeo Inc., non interest bearing, payable in 11 quarterly installments of $8,300 with a final payment of $8,700; maturing December 2022; uncollateralized. $ 100,000 $ 100,000 Note payable to Cat Financial Services, bearing interest at 6%; payable in monthly installments of $1,300; maturing August 2019; collateralized by equipment. 9,088 14,022 Note payable to Cat Financial Services, bearing interest at 6%; payable in monthly installments of $778; maturing December 2022; collateralized by equipment. 31,940 34,390 Note payable to De Lage Landen Financial Services, bearing interest at 3.51%; payable in monthly installments of $655; maturing September 2019; collateralized by equipment. 3,294 5,851 Note payable to De Lage Landen Financial Services, bearing interest at 3.51%; payable in monthly installments of $655; maturing December 2019; collateralized by equipment. 5,844 8,371 Note payable to Phyllis Rice, bearing interest at 1%; payable in monthly installments of $2,000; originally maturing March 2015; collateralized by equipment. 9,146 12,146 Obligation payable for Soyatal Mine, non-interest bearing, annual payments of $100,000 or $200,000 through 2020, net of discount of $19,156 and $23,321, respectively. In addition, the Company is deliquent on payments of $392,069 related to this loan. 623,913 639,747 Obligation payable for Guadalupe Mine, non-interest bearing, annual payments from $60,000 to $149,078 through 2026, net of discount of $238,572 and $252,444, respectively. In addition, the Company is delinquent on payments of $32,539 related to this loan. 910,535 918,663 1,693,760 1,733,190 Less current portion (725,317 ) (705,460 ) Long-term portion $ 968,443 $ 1,027,730 At March 31, 2019, principal payments on debt are due as follows: 3 Months Ending March 31, Principal Payment Discount Net 2020 $ 791,908 $ (66,591 ) $ 725,317 2021 264,928 (51,140 ) 213,788 2022 190,396 (40,765 ) 149,631 2023 182,996 (34,266 ) 148,730 2024 149,078 (27,378 ) 121,700 Thereafter 371,181 (36,587 ) 334,594 $ 1,950,487 $ (256,727 ) $ 1,693,760

10. Related Party Transactions

10. Related Party Transactions	3 Months Ended
	Mar. 31, 2019
Related Party Transactions [Abstract]
Related Party Transactions	During the three months ended March 31, 2019 and 2018, the Chairman of the audit committee and compensation committee received $0 and $4,500, respectively, for services performed. See Note 11 for shares of common stock issued to directors. During the three months ended March 31, 2019 and 2018, the Company paid $1,584 and $2,461, respectively, to John Lawrence, our President and Chief Executive Officer, as reimbursement for equipment used by the Company. Mr. Lawrence advanced the Company $125,200 for ongoing operating expenses during the quarter ended March 31, 2019.

11. Stockholder's Equity

11. Stockholder's Equity	3 Months Ended
	Mar. 31, 2019
Equity [Abstract]
Stockholder's Equity	Issuance of Common Stock for Payable to Board of Directors During the quarters ended March 31, 2019 and March 31, 2018, the Company accrued $31,250 and $43,750, respectively, in directors’ fees payable that will be paid in common stock. In January 2019, the Company issued Daniel Parks, the Company’s Chief Financial Officer, 200,000 shares of the Company’s common stock with a fair value of $136,000 to retain his services. As part of the agreement, Mr. Parks’ hours worked and financial compensation have been reduced.

12. Plant Acquisition

12. Plant Acquisition	3 Months Ended
	Mar. 31, 2019
Plant Acquisition
Plant Acquisition	On August 31, 2018, the Company closed a Member Interest and Capital Share Agreement (the “Agreement”) with Great Lakes Chemical Corporation and Lanxess Holding Company US Inc., as the sellers, and the Company as the buyer. Under the Agreement, the Company acquired a subsidiary of the sellers which includes an antimony plant, equipment and land located in Reynosa, Mexico. The Company is disassembling, salvaging and transporting the antimony plant and equipment for use in its existing operations in both Mexico and the United States. The project involves moving heavy equipment and could take up to a year. In addition, the Company was paid $1,500,000 by the sellers, which was recognized as operating income in the quarter ended September 30, 2018, to assist in the salvage and transport costs of the useable equipment. The transaction was accounted for as an asset acquisition as there was no business associated with the acquired assets. As of March 31, 2019, we have substantially completed the demolition and transportation of the salvaged equipment. The real property acquired with the plant was sold for $700,000 in November 2018, for which the Company received $300,000 in 2018 and the remaining balance of $400,000 in the three month period ended March 31, 2019.

13. Business Segments

13. Business Segments	3 Months Ended
	Mar. 31, 2019
Segment Reporting [Abstract]
Business Segments	The Company is currently organized and managed by four segments, which represent our operating units: United States antimony operations, Mexican antimony operations, precious metals recovery and United States zeolite operations. The Madero smelter and Puerto Blanco mill at the Company’s Mexico operation brings antimony up to an intermediate stage, which may be sold directly or shipped to the United States operation for finishing at the Thompson Falls, Montana plant. The precious metals recovery plant is operated in conjunction with the antimony processing plant at Thompson Falls, Montana. 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 4. Properties, plants and equipment, net: March 31, 2019 December 31, 2018 Antimony United States $ 1,625,783 $ 1,635,315 Mexico 11,786,592 11,660,769 Subtotal Antimony 13,412,375 13,296,084 Precious metals 605,462 615,719 Zeolite 1,298,630 1,315,369 Total $ 15,316,467 $ 15,227,172 Total Assets: March 31, 2019 December 31, 2018 Antimony United States $ 2,183,085 $ 2,199,694 Mexico 12,616,734 12,824,292 Subtotal Antimony 14,799,819 15,023,986 Precious metals 605,462 615,719 Zeolite 1,891,789 1,917,418 Total $ 17,297,070 $ 17,557,123 For the three months ended Capital expenditures: March 31, 2019 March 31, 2018 Antimony United States $ 1,345 $ - Mexico 274,906 40,085 Subtotal Antimony 276,251 40,085 Precious Metals 6,754 40,988 Zeolite 29,563 13,732 Total $ 312,568 $ 94,805 Segment Operations for the three Antimony Antimony Total Precious Bear River months ended March 31, 2019 USAC Mexico Antimony Metals Zeolite Totals Total revenues $ 1,545,284 $ 160,539 $ 1,705,823 $ 24,527 $ 726,015 $ 2,456,365 Depreciation and amortization 10,878 149,083 159,961 17,011 46,301 223,273 Income (loss) from operations (52,096 ) (802,676 ) (854,772 ) 7,516 163,489 (683,767 ) Other income (expense): (1,367 ) (18,287 ) (19,654 ) - (4,039 ) (23,693 ) NET INCOME (LOSS) $ (53,463 ) $ (820,963 ) $ (874,426 ) $ 7,516 $ 159,450 $ (707,460 ) Segment Operations for the three Antimony Antimony Total Precious Bear River months ended March 31, 2018 USAC Mexico Antimony Metals Zeolite Totals Total revenues $ 1,681,812 $ - $ 1,681,812 $ 60,410 $ 690,707 $ 2,432,929 Depreciation and amortization 13,209 149,004 162,213 67,529 47,820 277,562 Income (loss) from operations 198,039 (742,781 ) (544,742 ) (7,119 ) 152,092 (399,769 ) Other income (expense): (778 ) (71,120 ) (71,898 ) - (2,773 ) (74,671 ) NET INCOME (LOSS) $ 197,261 $ (813,901 ) $ (616,640 ) $ (7,119 ) $ 149,319 $ (474,440 )

3. Income (Loss) Per Common S_2

3. Income (Loss) Per Common Share (Tables)	3 Months Ended
	Mar. 31, 2019
Net income (loss) per share of common stock:
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share	March 31, 2019 March 31, 2018 Warrants 250,000 250,000 Convertible preferred stock 1,751,005 1,751,005 Total possible dilution 2,001,005 2,001,005

4. Revenue Recognition (Tables)

4. Revenue Recognition (Tables)	3 Months Ended
	Mar. 31, 2019
Revenue Recognition Tables Abstract
Disaggregation of Revenue	Sales of products for the three month periods ended March 31, 2019 and 2018, were as follows: Three Months Ended March 31, 2019 2018 Antimony $ 1,705,823 $ 1,681,812 Zeolite 726,015 690,707 Precious metals 24,527 60,410 $ 2,456,365 $ 2,432,929 The following is sales information by geographic area based on the location of customers for the three month periods ended March 31, 2019 and 2018: Three Months Ended March 31, 2019 2018 United States $ 2,108,569 $ 2,247,691 Canada 187,257 185,238 Mexico 160,539 - $ 2,456,365 $ 2,432,929
Sales of products to significant customers	Sales of products to significant customers were as follows for the three month periods ended March 31, 2019 and 2018: Sales to Three For the Period Ended Largest Customers March 31, 2019 March 31, 2018 Kohler Corporation $ 458,094 $ 316,772 Ampacet Corporation - 184,142 East Penn Manufacturing 157,328 - Mexichem Speciality Compounds 684,011 728,578 $ 1,299,433 $ 1,229,492 % of Total Revenues 52.90 % 50.50 % Accounts receivable from largest customers were as follows at March 31, 2019 and December 31, 2018: Three Largest Accounts Receivable March 31, 2019 December 31, 2018 DanaMart $ - $ 143,890 Axens North America Inc. 64,500 34,912 Earth Innovations Inc. - 35,967 Commerce Industrial Chemical 36,652 - Nutreco Canada Inc. 27,736 - $ 128,888 $ 214,769 % of Total Receivables 38.50 % 49.00 %

5. Inventories (Tables)

5. Inventories (Tables)	3 Months Ended
	Mar. 31, 2019
Inventory Disclosure [Abstract]
Inventories	March 31, December 31, 2019 2018 Antimony Metal $ 158,532 $ 8,127 Antimony Oxide 252,704 255,782 Antimony Concentrates - 2,214 Antimony Ore 269,627 257,067 Total antimony 680,863 523,190 Zeolite 206,785 232,071 $ 887,648 $ 755,261

6. Accounts Receivable and Du_2

6. Accounts Receivable and Due to Factor (Tables)	3 Months Ended
	Mar. 31, 2019
Accounts Receivable And Due To Factor Tables
Account Receivables	Accounts Receivble March 31, 2019 December 31, 2018 Accounts receivable - non factored $ 329,746 $ 421,867 Accounts receivable - factored with recourse 5,440 16,524 Accounts receivable - net $ 335,186 $ 438,391

8. Note Payable to Bank (Tables

8. Note Payable to Bank (Tables)	3 Months Ended
	Mar. 31, 2019
Debt Disclosure [Abstract]
Summary of notes payable to bank	March 31, December 31, 2019 2018 Promissory note payable to First Security Bank of Missoula, bearing interest at 3.150%, payable on demand, collateralized by a lien on Certificate of Deposit $ 13,126 $ 83,918 Promissory note payable to First Security Bank of Missoula, bearing interest at 3.150%, payable on demand, collateralized by a lien on Certificate of Deposit 99,999 99,999 Total notes payable to the bank $ 113,125 $ 183,917

9. Debt (Tables)

9. Debt (Tables)	3 Months Ended
	Mar. 31, 2019
Debt Disclosure [Abstract]
Long - Term Debt	Long-Term debt at March 31, 2019 and December 31, 2018 is as follows: March 31, December 31, 2019 2018 Note payable to Zeo Inc., non interest bearing, payable in 11 quarterly installments of $8,300 with a final payment of $8,700; maturing December 2022; uncollateralized. $ 100,000 $ 100,000 Note payable to Cat Financial Services, bearing interest at 6%; payable in monthly installments of $1,300; maturing August 2019; collateralized by equipment. 9,088 14,022 Note payable to Cat Financial Services, bearing interest at 6%; payable in monthly installments of $778; maturing December 2022; collateralized by equipment. 31,940 34,390 Note payable to De Lage Landen Financial Services, bearing interest at 3.51%; payable in monthly installments of $655; maturing September 2019; collateralized by equipment. 3,294 5,851 Note payable to De Lage Landen Financial Services, bearing interest at 3.51%; payable in monthly installments of $655; maturing December 2019; collateralized by equipment. 5,844 8,371 Note payable to Phyllis Rice, bearing interest at 1%; payable in monthly installments of $2,000; originally maturing March 2015; collateralized by equipment. 9,146 12,146 Obligation payable for Soyatal Mine, non-interest bearing, annual payments of $100,000 or $200,000 through 2020, net of discount of $19,156 and $23,321, respectively. In addition, the Company is deliquent on payments of $392,069 related to this loan. 623,913 639,747 Obligation payable for Guadalupe Mine, non-interest bearing, annual payments from $60,000 to $149,078 through 2026, net of discount of $238,572 and $252,444, respectively. In addition, the Company is delinquent on payments of $32,539 related to this loan. 910,535 918,663 1,693,760 1,733,190 Less current portion (725,317 ) (705,460 ) Long-term portion $ 968,443 $ 1,027,730
Debt Outstanding	3 Months Ending March 31, Principal Payment Discount Net 2020 $ 791,908 $ (66,591 ) $ 725,317 2021 264,928 (51,140 ) 213,788 2022 190,396 (40,765 ) 149,631 2023 182,996 (34,266 ) 148,730 2024 149,078 (27,378 ) 121,700 Thereafter 371,181 (36,587 ) 334,594 $ 1,950,487 $ (256,727 ) $ 1,693,760

13. Business Segments (Tables)

13. Business Segments (Tables)	3 Months Ended
	Mar. 31, 2019
Segment Reporting [Abstract]
Capital Expenditure Information	Properties, plants and equipment, net: March 31, 2019 December 31, 2018 Antimony United States $ 1,625,783 $ 1,635,315 Mexico 11,786,592 11,660,769 Subtotal Antimony 13,412,375 13,296,084 Precious metals 605,462 615,719 Zeolite 1,298,630 1,315,369 Total $ 15,316,467 $ 15,227,172 Total Assets: March 31, 2019 December 31, 2018 Antimony United States $ 2,183,085 $ 2,199,694 Mexico 12,616,734 12,824,292 Subtotal Antimony 14,799,819 15,023,986 Precious metals 605,462 615,719 Zeolite 1,891,789 1,917,418 Total $ 17,297,070 $ 17,557,123 For the three months ended Capital expenditures: March 31, 2019 March 31, 2018 Antimony United States $ 1,345 $ - Mexico 274,906 40,085 Subtotal Antimony 276,251 40,085 Precious Metals 6,754 40,988 Zeolite 29,563 13,732 Total $ 312,568 $ 94,805
Segment Information	Segment Operations for the three Antimony Antimony Total Precious Bear River months ended March 31, 2019 USAC Mexico Antimony Metals Zeolite Totals Total revenues $ 1,545,284 $ 160,539 $ 1,705,823 $ 24,527 $ 726,015 $ 2,456,365 Depreciation and amortization 10,878 149,083 159,961 17,011 46,301 223,273 Income (loss) from operations (52,096 ) (802,676 ) (854,772 ) 7,516 163,489 (683,767 ) Other income (expense): (1,367 ) (18,287 ) (19,654 ) - (4,039 ) (23,693 ) NET INCOME (LOSS) $ (53,463 ) $ (820,963 ) $ (874,426 ) $ 7,516 $ 159,450 $ (707,460 ) Segment Operations for the three Antimony Antimony Total Precious Bear River months ended March 31, 2018 USAC Mexico Antimony Metals Zeolite Totals Total revenues $ 1,681,812 $ - $ 1,681,812 $ 60,410 $ 690,707 $ 2,432,929 Depreciation and amortization 13,209 149,004 162,213 67,529 47,820 277,562 Income (loss) from operations 198,039 (742,781 ) (544,742 ) (7,119 ) 152,092 (399,769 ) Other income (expense): (778 ) (71,120 ) (71,898 ) - (2,773 ) (74,671 ) NET INCOME (LOSS) $ 197,261 $ (813,901 ) $ (616,640 ) $ (7,119 ) $ 149,319 $ (474,440 )

3. Income (Loss) Per Common S_3

3. Income (Loss) Per Common Share (Details) - shares	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Net income (loss) per share of common stock:
Warrants	250,000	250,000
Convertible preferred stock	1,751,005	1,751,005
Total possible dilution	2,001,005	2,001,005

4. Revenue Recognition (Details

4. Revenue Recognition (Details) - USD ($)	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Revenues	$ 2,456,365	$ 2,432,929
Antimony
Revenues	1,705,823	1,681,812
Zeolite
Revenues	726,015	690,707
Precious metals
Revenues	24,527	60,410
United States
Revenues	2,108,569	2,247,691
Canada
Revenues	187,257	185,238
Mexico
Revenues	$ 160,539	$ 0

4. Revenue Recognition (Detai_2

4. Revenue Recognition (Details 1) - USD ($)	3 Months Ended		12 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Dec. 31, 2018
Sales to Three Largest Customers	$ 1,299,433	$ 1,229,492
Total percentage of revenue	52.90%	50.50%
Accounts Receivable of Three Largest Customers	$ 128,888		$ 214,769
Total percentage of accounts receivable	38.50%		49.00%
Kohler Corporation [Member]
Sales to Three Largest Customers	$ 458,094	$ 316,772
Ampacet Corporation
Sales to Three Largest Customers	0	184,142
East Penn Manufacturing Inc.
Sales to Three Largest Customers	157,328	0
Mexichem Speciality Compounds
Sales to Three Largest Customers	684,011	$ 728,578
DanaMart [Member]
Accounts Receivable of Three Largest Customers	0		$ 143,890
Axens [Member]
Accounts Receivable of Three Largest Customers	64,500		34,912
Earth Innovations [Member]
Accounts Receivable of Three Largest Customers	0		35,967
Commerce Industrial Chemical
Accounts Receivable of Three Largest Customers	36,652		0
Nutreco Canada Inc. [Member]
Accounts Receivable of Three Largest Customers	$ 27,736		$ 0

5. Inventories (Details)

5. Inventories (Details) - USD ($)	Mar. 31, 2019	Dec. 31, 2018
Inventories	$ 887,648	$ 755,261
Antimony Oxide - Finished
Inventories	252,704	255,782
Antimony Metal [Member]
Inventories	158,532	8,127
Antimony Concentrates
Inventories	0	2,214
Antimony Ore [Member]
Inventories	269,627	257,067
Antimony [Member]
Inventories	680,863	523,190
Zeolite [Member]
Inventories	$ 206,785	$ 232,071

6. Accounts Receivable and Du_3

6. Accounts Receivable and Due to Factor (Details) - USD ($)	Mar. 31, 2019	Dec. 31, 2018
Accounts Receivable And Due To Factor Tables
Accounts receivable - non factored	$ 329,746	$ 421,867
Accounts receivable - factored with recourse	5,440	16,524
Accounts receivable - net	$ 335,186	$ 438,391

8. Note Payable to Bank (Detail

8. Note Payable to Bank (Details) - USD ($)	Mar. 31, 2019	Dec. 31, 2018
Note payable to bank	$ 113,125	$ 183,917
Promissory note payable CD 48614
Note payable to bank	13,126	83,918
Promissory note payable CD 48615
Note payable to bank	$ 99,999	$ 99,999

9. Debt (Details)

9. Debt (Details) - USD ($)	Mar. 31, 2019	Dec. 31, 2018
Total debt	$ 1,693,760	$ 1,733,190
Less current portion	(725,317)	(705,460)
Noncurrent portion	968,443	1,027,730
Zeo
Total debt	100,000	100,000
Cat Financial Services
Total debt	9,088	14,022
Cat Financial Services
Total debt	31,940	34,390
De Lage Landen Financial Services
Total debt	3,294	5,851
De Lage Landen Financial Services 1
Total debt	5,844	8,371
Phyllis Rice
Total debt	9,146	12,146
Soyatal Mine
Total debt	623,913	639,747
Guadalupe Mine
Total debt	$ 910,535	$ 918,663

9. Debt (Details 1)

9. Debt (Details 1)	Mar. 31, 2019USD ($)
2020	$ 725,317
2021	213,788
2022	149,631
2023	148,730
2024	121,700
Thereafter	334,594
Total	1,693,760
Principal Payment
2020	791,908
2021	264,928
2022	190,396
2023	182,996
2024	149,078
Thereafter	371,181
Total	1,950,487
Discount
2020	(66,591)
2021	(51,140)
2022	(40,765)
2023	(34,266)
2024	(27,378)
Thereafter	(36,587)
Total	$ (256,727)

10. Related Party Transactions

10. Related Party Transactions (Details Narrative) - USD ($)	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Chairman of the audit committee and compensation committee
Related Party Transactions	$ 0	$ 4,500
Chief Executive Officer
Related Party Transactions	$ 1,584	$ 2,461

13. Business Segments (Details)

13. Business Segments (Details) - USD ($)	Mar. 31, 2019	Dec. 31, 2018
Properties, plants and equipment, net	$ 15,316,467	$ 15,227,172
Total Assets	17,297,070	17,557,123
United States Antimony [Member]
Properties, plants and equipment, net	1,625,783	1,635,315
Total Assets	2,183,085	2,199,694
Mexico Antimony [Member]
Properties, plants and equipment, net	11,786,592	11,660,769
Total Assets	12,616,734	12,824,292
Subtotal Antimony [Member]
Properties, plants and equipment, net	13,412,375	13,296,084
Total Assets	14,799,819	15,023,986
Precious Metals [Member]
Properties, plants and equipment, net	605,462	615,719
Total Assets	605,462	615,719
Zeolite [Member]
Properties, plants and equipment, net	1,298,630	1,315,369
Total Assets	$ 1,891,789	$ 1,917,418

13. Business Segments (Details

13. Business Segments (Details 1) - USD ($)	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Capital Expenditure	$ 312,568	$ 94,805
United States Antimony [Member]
Capital Expenditure	1,345	0
Mexico Antimony [Member]
Capital Expenditure	274,906	40,085
Subtotal Antimony [Member]
Capital Expenditure	276,251	40,085
Precious Metals [Member]
Capital Expenditure	6,754	40,988
Zeolite [Member]
Capital Expenditure	$ 29,563	$ 13,732

13. Business Segments (Detail_2

13. Business Segments (Details 2) - USD ($)	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Total revenues	$ 2,456,365	$ 2,432,929
Depreciation and amortization	223,273	277,562
Income (loss) from operations	(683,767)	(399,769)
Other income (expense)	(23,693)	(74,671)
NET INCOME (LOSS)	(707,460)	(474,440)
United States Antimony [Member]
Total revenues	1,545,284	1,681,812
Depreciation and amortization	10,878	13,209
Income (loss) from operations	(52,096)	198,039
Other income (expense)	(1,367)	(778)
NET INCOME (LOSS)	(53,463)	197,261
Mexico Antimony [Member]
Total revenues	160,539	0
Depreciation and amortization	149,083	149,004
Income (loss) from operations	(802,676)	(742,781)
Other income (expense)	(18,287)	(71,120)
NET INCOME (LOSS)	(820,963)	(813,901)
Subtotal Antimony [Member]
Total revenues	1,705,823	1,681,812
Depreciation and amortization	159,961	162,213
Income (loss) from operations	(854,772)	(544,742)
Other income (expense)	(19,654)	(71,898)
NET INCOME (LOSS)	(874,426)	(616,640)
Precious Metals [Member]
Total revenues	24,527	60,410
Depreciation and amortization	17,011	67,529
Income (loss) from operations	7,516	(7,119)
Other income (expense)	0	0
NET INCOME (LOSS)	7,516	(7,119)
Zeolite [Member]
Total revenues	726,015	690,707
Depreciation and amortization	46,301	47,820
Income (loss) from operations	163,489	152,092
Other income (expense)	(4,039)	(2,773)
NET INCOME (LOSS)	$ 159,450	$ 149,319