Segment Information (Tables)

3 Months Ended

Mar. 31, 2013

Segment Information

Schedule of financial information with respect to the reportable segments

For the three months ended March 31, 2013:

IKONICS

	Domestic		Export		Imaging		Other			Unalloc.			Total
Net sales	$	1,516,271	$	1,441,459	$	843,471	$	221,071		$	—		$	4,022,272
Cost of goods sold	905,158		1,105,090		413,749		134,016			—			2,558,013
Gross profit	611,113		336,369		429,722		87,055			—			1,464,259
Selling general and adminstrative*	342,637		153,746		281,438		205,717			482,008			1,465,546
Research and development*	—		—		—		—			172,515			172,515
Income (loss) from operations	$	268,476	$	182,623	$	148,284	$	(118,662	)	$	(654,523	)	$	(173,802	)

For the three months ended March 31, 2012:

IKONICS

	Domestic		Export		Imaging		Other			Unalloc.			Total
Net sales	$	1,483,337	$	1,364,906	$	841,701	$	319,680		$	—		$	4,009,624
Cost of goods sold	866,508		1,026,517		417,018		194,021			—			2,504,064
Gross profit	616,829		338,389		424,683		125,659			—			1,505,560
Selling general and adminstrative*	306,921		150,919		305,712		212,488			450,157			1,426,197
Research and development*	—		—		—		—			175,714			175,714
Income (loss) from operations	$	309,908	$	187,470	$	118,971	$	(86,829	)	$	(625,871	)	$	(96,351	)

*  The Company does not allocate all general and administrative expenses or any research and development expenses to its operating segments for internal reporting.

Schedule of accounts receivable by segment

	Mar 31, 2013			Dec 31, 2012
Domestic	$	963,201		$	928,698
Export	809,007			708,933
IKONICS Imaging	228,067			272,346
Other	195,183			174,674
Unallocated	(10,805		)	(24,339		)
Total	$	2,184,653		$	2,060,312