Segment Information (Tables)

6 Months Ended

Jun. 30, 2014

Segment Information

Schedule of financial information with respect to the reportable segments

For the three months ended June 30, 2014:

					IKONICS					Micro-
	Domestic		Export		Imaging		DTX			Machining			Unalloc.			Total
Net sales	$	2,089,767	$	1,626,682	$	1,046,592	$	94,612		$	67,094		$	—		$	4,924,747
Cost of goods sold	1,220,452		1,194,219		510,508		84,705			203,991			—			3,213,875
Gross profit (loss)	869,315		432,463		536,084		9,907			(136,897		)	—			1,710,872
Selling general and adminstrative*	332,442		142,716		227,816		50,657			95,334			391,448			1,240,413
Research and development*	—		—		—		—			—			177,479			177,479
Income (loss) from operations	$	536,873	$	289,747	$	308,268	$	(40,750	)	$	(232,231	)	$	(568,927	)	$	292,980

For the three months ended June 30, 2013:

					IKONICS					Micro-
	Domestic		Export		Imaging		DTX			Machining			Unalloc.			Total
Net sales	$	2,003,601	$	1,497,478	$	923,134	$	128,059		$	102,473		$	—		$	4,654,745
Cost of goods sold	1,103,787		1,039,050		488,048		21,787			118,115			—			2,770,787
Gross profit (loss)	899,814		458,428		435,086		106,272			(15,642		)	—			1,883,958
Selling general and adminstrative*	324,722		167,288		258,095		107,646			119,752			351,553			1,329,056
Research and development*	—		—		—		—			—			153,412			153,412
Income (loss) from operations	$	575,092	$	291,140	$	176,991	$	(1,374	)	$	(135,394	)	$	(504,965	)	$	401,490

For the six months ended June 30, 2014:

					IKONICS					Micro-
	Domestic		Export		Imaging		DTX			Machining			Unalloc.			Total
Net sales	$	3,599,931	$	2,813,394	$	2,608,396	$	207,129		$	160,473		$	—		$	9,389,323
Cost of goods sold	2,103,556		2,069,119		1,166,507		164,468			415,648			—			5,919,298
Gross profit (loss)	1,496,375		744,275		1,441,889		42,661			(255,175		)	—			3,470,025
Selling general and adminstrative*	628,793		266,844		472,164		85,866			207,589			879,807			2,541,063
Research and development*	—		—		—		—			—			320,809			320,809
Income (loss) from operations	$	867,582	$	477,431	$	969,725	$	(43,205	)	$	(462,764	)	$	(1,200,616	)	$	608,153

For the six months ended June 30, 2013:

					IKONICS					Micro-
	Domestic		Export		Imaging		DTX			Machining			Unalloc.			Total
Net sales	$	3,519,872	$	2,938,937	$	1,766,605	$	229,317		$	222,286		$	—		$	8,677,017
Cost of goods sold	2,008,945		2,144,140		901,797		36,549			237,369			—			5,328,800
Gross profit (loss)	1,510,927		794,797		864,808		192,768			(15,083		)	—			3,348,217
Selling general and adminstrative*	667,359		321,034		539,533		211,743			221,373			833,560			2,794,602
Research and development*	—		—		—		—			—			325,927			325,927
Income (loss) from operations	$	843,568	$	473,763	$	325,275	$	(18,975	)	$	(236,456	)	$	(1,159,487	)	$	227,688

*  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

	June 30, 2014			Dec 31, 2013
Domestic	$	959,026		$	1,012,057
Export	1,033,589			667,343
IKONICS Imaging	219,095			339,537
DTX	20,154			26,910
Micro-Machining	38,629			40,222
Unallocated	(26,454		)	(35,216		)
Total	$	2,244,039		$	2,050,853