Quarterly report pursuant to Section 13 or 15(d)

SEGMENT INFORMATION

v3.8.0.1
SEGMENT INFORMATION
 3 Months Ended
Mar. 31, 2018
Segment Reporting [Abstract]  
SEGMENT INFORMATION
SEGMENT INFORMATION

The following table summarizes certain information regarding segments of the Company's operations:
 
Three Months Ended
 
 
Mar 31, 2018
 
Mar 31, 2017
 
Net sales
 
 
 
 
Metals Segment
$
45,492,247

 
$
29,709,960

 
Specialty Chemicals Segment
12,988,355

 
12,493,619

 
 
$
58,480,602

 
$
42,203,579

 
Operating income
 
 
 
 
Metals Segment
$
6,016,531

 
$
1,564,513

 
Specialty Chemicals Segment
863,489

 
1,507,460

 
 
 
 
 
 
Unallocated corporate expenses
1,502,721

 
1,557,069

 
Acquisition related costs
—

 
358,477

 
Operating income
5,377,299

 
1,156,427

 
Interest expense
313,984

 
180,315

 
Change in fair value of interest rate swaps
(73,204
)
 
(41,430
)
 
Earn-out adjustment
154,060

 
—

 
Other loss (income), net
88,296

 
(34,395
)
 
Income before income taxes
$
4,894,163

 
$
1,051,937

 
 
 
 
 
 
 
As of
 
 
Mar 31, 2018
 
Dec 31, 2017
 
Identifiable assets
 
 
 
 
Metals Segment
$
146,173,846

 
$
130,456,857

 
Specialty Chemicals Segment
26,655,861

 
25,394,078

 
Corporate
3,160,149

 
4,023,215

 
 
$
175,989,856

 
$
159,874,150

 
Goodwill
 
 
 
 
Metals Segment
$
4,648,795

 
$
4,648,795

 
Specialty Chemicals Segment
1,354,730

 
1,354,730

 
 
$
6,003,525

 
$
6,003,525