Segment Information (Tables)

9 Months Ended

Sep. 30, 2013

Segment Information

Schedule of financial information with respect to the reportable segments

For the three months ended September 30, 2013:

					IKONICS					Micro-
	Domestic		Export		Imaging		DTX			Machining			Unalloc.			Total
Net sales	$	1,881,210	$	1,310,281	$	874,442	$	104,339		$	46,853		$	—		$	4,217,125
Cost of goods sold	1,048,869		967,923		414,656		20,774			123,335			—			2,575,557
Gross profit (loss)	832,341		342,358		459,786		83,565			(76,482		)	—			1,641,568
Selling general and adminstrative*	305,297		127,346		234,096		128,968			106,974			427,518			1,330,199
Research and development*	—		—		—		—			—			149,864			149,864
Income (loss) from operations	$	527,044	$	215,012	$	225,690	$	(45,403	)	$	(183,456	)	$	(577,382	)	$	161,505

For the three months ended September 30, 2012:

					IKONICS					Micro-
	Domestic		Export		Imaging		DTX			Machining			Unalloc.			Total
Net sales	$	1,782,944	$	1,256,669	$	958,399	$	100,879		$	132,344		$	—		$	4,231,235
Cost of goods sold	1,009,697		920,397		426,750		9,928			111,586			—			2,478,358
Gross profit	773,247		336,272		531,649		90,951			20,758			—			1,752,877
Selling general and adminstrative*	283,567		141,599		284,113		144,333			69,101			350,573			1,273,286
Research and development*	—		—		—		—			—			141,186			141,186
Income (loss) from operations	$	489,680	$	194,673	$	247,536	$	(53,382	)	$	(48,343	)	$	(491,759	)	$	338,405

For the nine months ended September 30, 2013:

					IKONICS					Micro-
	Domestic		Export		Imaging		DTX			Machining			Unalloc.			Total
Net sales	$	5,401,082	$	4,249,218	$	2,641,047	$	333,656		$	269,139		$	—		$	12,894,142
Cost of goods sold	3,057,814		3,112,063		1,316,453		57,323			360,704			—			7,904,357
Gross profit (loss)	2,343,268		1,137,155		1,324,594		276,333			(91,565		)	—			4,989,785
Selling general and adminstrative*	972,656		448,380		773,629		340,711			328,346			1,261,079			4,124,801
Research and development*	—		—		—		—			—			475,791			475,791
Income (loss) from operations	$	1,370,612	$	688,775	$	550,965	$	(64,378	)	$	(419,911	)	$	(1,736,870	)	$	389,193

For the nine months ended September 30, 2012:

					IKONICS					Micro-
	Domestic		Export		Imaging		DTX			Machining			Unalloc.			Total
Net sales	$	5,242,685	$	4,125,540	$	2,675,982	$	347,747		$	395,985		$	—		$	12,787,939
Cost of goods sold	2,978,651		3,056,401		1,256,245		103,366			331,553			—			7,726,216
Gross profit	2,264,034		1,069,139		1,419,737		244,381			64,432			—			5,061,723
Selling general and adminstrative*	882,977		464,705		881,276		374,888			234,568			1,146,440			3,984,854
Research and development*	—		—		—		—			—			470,165			470,165
Income (loss) from operations	$	1,381,057	$	604,434	$	538,461	$	(130,507	)	$	(170,136	)	$	(1,616,605	)	$	606,704

*  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 trade receivables by segment

	Sep 30, 2013		Dec 31, 2012
Domestic	$	922,029	$	928,698
Export	649,256		708,933
IKONICS Imaging	252,229		272,346
DTX	45,666		117,552
Micro-Machining	27,477		57,122
Unallocated	3,057		(24,339		)
Total	$	1,899,714	$	2,060,312