Segment Information (Tables)

9 Months Ended

Sep. 30, 2012

Segment Information [Abstract]

Financial information with respect to the reportable segments

For the three months ended September 30, 2012:

					IKONICS
	Domestic		Export		Imaging		Other			Unalloc.			Total
Net sales	$	1,782,944	$	1,256,669	$	958,399	$	233,223		$	—		$	4,231,235
Cost of goods sold		1,009,697		920,397		426,750		121,514			—			2,478,358
Gross profit		773,247		336,272		531,649		111,709			—			1,752,877
Selling general and adminstrative*		283,567		141,599		284,113		213,434			350,573			1,273,286
Research and development*		—		—		—		—			141,186			141,186
Income from operations	$	489,680	$	194,673	$	247,536	$	(101,725	)	$	(491,759	)	$	338,405

For the three months ended September 30, 2011:

					IKONICS
	Domestic		Export		Imaging		Other			Unalloc.			Total
Net sales	$	1,777,675	$	1,463,776	$	878,428	$	241,433		$	—		$	4,361,312
Cost of goods sold		1,044,658		1,125,777		412,385		98,689			—			2,681,509
Gross profit		733,017		337,999		466,043		142,744			—			1,679,803
Selling general and adminstrative*		326,341		150,390		276,429		177,168			323,688			1,254,016
Research and development*		—		—		—		—			129,541			129,541
Income from operations	$	406,676	$	187,609	$	189,614	$	(34,424	)	$	(453,229	)	$	296,246

For the nine months ended September 30, 2012:

					IKONICS
	Domestic		Export		Imaging		Other			Unalloc.			Total
Net sales	$	5,242,685	$	4,125,540	$	2,675,982	$	743,732		$	—		$	12,787,939
Cost of goods sold		2,978,651		3,056,401		1,256,245		434,919			—			7,726,216
Gross profit		2,264,034		1,069,139		1,419,737		308,813			—			5,061,723
Selling general and adminstrative*		882,977		464,705		881,276		609,456			1,146,440			3,984,854
Research and development*		—		—		—		—			470,165			470,165
Income (loss) from operations	$	1,381,057	$	604,434	$	538,461	$	(300,643	)	$	(1,616,605	)	$	606,704

For the nine months ended September 30, 2011:

					IKONICS
	Domestic		Export		Imaging		Other			Unalloc.			Total
Net sales	$	4,905,010	$	4,273,342	$	2,654,097	$	769,394		$	—		$	12,601,843
Cost of goods sold		2,806,194		3,195,322		1,299,488		300,203			—			7,601,207
Gross profit		2,098,816		1,078,020		1,354,609		469,191			—			5,000,636
Selling general and adminstrative*		910,821		428,253		876,367		557,656			1,092,255			3,865,352
Research and development*		—		—		—		—			366,940			366,940
Income from operations	$	1,187,995	$	649,767	$	478,242	$	(88,465	)	$	(1,459,195	)	$	768,344

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

Accounts receivable by segment

	Sep 30, 2012			Dec 31, 2011
Domestic	$	927,177		$	997,937
Export		826,748			783,788
IKONICS Imaging		324,545			288,298
Other		216,172			138,954
Unallocated		(26,566	)		(28,030	)
Total	$	2,268,076		$	2,180,947