Segment Information (Tables)

6 Months Ended

Jun. 30, 2015

Segment Information

Schedule of financial information with respect to the reportable segments

For the three months ended June 30, 2015:

	IKONICS
	Domestic		Export		Imaging		DTX			AMS			Unalloc.			Total
Net sales	$	2,111,510	$	1,337,121	$	991,108	$	101,662		$	112,147		$	—		$	4,653,548
Cost of goods sold	1,207,376		1,018,025		449,116		69,003			270,286			—			3,013,806
Gross profit (loss)	904,134		319,096		541,992		32,659			(158,139		)	—			1,639,742
Selling general and adminstrative*	323,730		137,271		237,167		54,711			75,557			424,085			1,252,521
Research and development*	—		—		—		—			—			192,539			192,539
Income (loss) from operations	$	580,404	$	181,825	$	304,825	$	(22,052	)	$	(233,696	)	$	(616,624	)	$	194,682

For the three months ended June 30, 2014:

	IKONICS
	Domestic		Export		Imaging		DTX			AMS			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 six months ended June 30, 2015:

	IKONICS
	Domestic		Export		Imaging		DTX			AMS			Unalloc.			Total
Net sales	$	3,489,299	$	2,455,415	$	1,884,873	$	197,056		$	224,794		$	—		$	8,251,437
Cost of goods sold	2,048,332		1,902,353		909,487		142,094			508,754			—			5,511,020
Gross profit (loss)	1,440,967		553,062		975,386		54,962			(283,960		)	—			2,740,417
Selling general and adminstrative*	639,897		291,991		498,423		90,243			177,659			969,905			2,668,118
Research and development*	—		—		—		—			—			348,383			348,383
Income (loss) from operations	$	801,070	$	261,071	$	476,963	$	(35,281	)	$	(461,619	)	$	(1,318,288	)	$	(276,084	)

For the six months ended June 30, 2014:

	IKONICS
	Domestic		Export		Imaging		DTX			AMS			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

Schedule of trade receivables by segment

	June 30, 2015			Dec 31, 2014
Domestic	$	1,005,847		$	1,068,170
Export	750,167			640,464
IKONICS Imaging	272,551			254,483
DTX	62,285			86,507
AMS	86,743			85,170
Unallocated	(22,685		)	(38,466		)
Total	$	2,154,908		$	2,096,328