ikon20190321

0001437749-20-023427.txt : 20201112 0001437749-20-023427.hdr.sgml : 20201112 20201112061249 ACCESSION NUMBER: 0001437749-20-023427 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 42 CONFORMED PERIOD OF REPORT: 20200930 FILED AS OF DATE: 20201112 DATE AS OF CHANGE: 20201112 FILER: COMPANY DATA: COMPANY CONFORMED NAME: IKONICS CORP CENTRAL INDEX KEY: 0001083301 STANDARD INDUSTRIAL CLASSIFICATION: PHOTOGRAPHIC EQUIPMENT & SUPPLIES [3861] IRS NUMBER: 410730027 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 000-25727 FILM NUMBER: 201303045 BUSINESS ADDRESS: STREET 1: 4832 GRAND AVENUE CITY: DULUTH STATE: MN ZIP: 55807 BUSINESS PHONE: 2186282217 MAIL ADDRESS: STREET 1: 4832 GRAND AVENUE CITY: DULUTH STATE: MN ZIP: 55807 FORMER COMPANY: FORMER CONFORMED NAME: CHROMALINE CORP DATE OF NAME CHANGE: 19990405 10-Q 1 ikon20200930_10q.htm FORM 10-Q ikon20190321_10q.htm

U.S. SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 10-Q

(Mark One)

☒

Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

For the Quarterly Period Ended September 30, 2020

☐

Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

For the Transition Period From to .

Commission file number 000-25727

IKONICS CORPORATION

(Exact name of registrant as specified in its charter)

Minnesota		41-0730027
(State or other jurisdiction of incorporation or organization)		(I.R.S. employer identification no.)

4832 Grand Avenue Duluth, Minnesota		55807
(Address of principal executive offices)		(Zip code)

(218) 628-2217

(Registrant’s telephone number, including area code)

Not Applicable

(Former name, former address and former fiscal year, if changed since last report)

Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Common Stock, par value $.10 per share	IKNX	Nasdaq Capital Market LLC

Indicate by check mark whether the registrant (1) filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files.) Yes ☒ No ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer ☐		Accelerated filer ☐
Non-accelerated filer ☐		Smaller reporting company ☒
		Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐ No ☒

Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date: Common Stock, $.10 par value - 1,976,354 shares outstanding as of November 7, 2020.

Table of Contents

IKONICS CORPORATION

QUARTERLY REPORT ON FORM 10-Q

			PAGE NO.
PART I.	FINANCIAL INFORMATION

Item 1.		Condensed Financial Statements	3

		Condensed Balance Sheets as of September 30, 2020 (unaudited) and December 31, 2019	3

		Condensed Statements of Operations for the Three and Nine Months Ended September 30, 2020 and 2019 (unaudited)	4

		Statements of Stockholders’ Equity for the Three and Nine Months Ended September 30, 2020 and 2019 (unaudited)	5

		Condensed Statements of Cash Flows for the Nine Months Ended September 30, 2020 and 2019 (unaudited)	6

		Notes to Condensed Financial Statements (unaudited)	7

Item 2.		Management’s Discussion and Analysis of Financial Condition and Results of Operations	12

Item 3.		Quantitative and Qualitative Disclosures about Market Risk	17

Item 4.		Controls and Procedures	17

PART II.	OTHER INFORMATION		18

Item 1.		Legal Proceedings	18

Item 1A.		Risk Factors	18

Item 2.		Unregistered Sales of Equity Securities and Use of Proceeds	19

Item 3.		Defaults upon Senior Securities	19

Item 4.		Mine Safety Disclosures	19

Item 5.		Other Information	19

Item 6.		Exhibits	19

	SIGNATURES		20

Table of Contents

PART I - FINANCIAL INFORMATION

ITEM 1. Condensed Financial Statements

IKONICS CORPORATION

CONDENSED BALANCE SHEETS

	September 30,			December 31,
	2020			2019
ASSETS	(unaudited)

CURRENT ASSETS:
Cash and cash equivalents	$	3,500,883		$	963,649
Short-term investments		—			2,205,000
Trade receivables, less allowance of $81,000 in 2020 and $58,000 in 2019		1,417,217			2,434,718
Inventories		2,155,813			2,180,536
Prepaid expenses and other assets		160,700			906,916
Income taxes receivable		241,451			1,369
Total current assets		7,476,064			8,692,188

PROPERTY, PLANT, AND EQUIPMENT, at cost:
Land and building		9,556,586			9,556,984
Machinery and equipment		5,285,503			5,198,784
Office equipment		1,440,964			1,402,369
Vehicles		245,674			245,674
		16,528,727			16,403,811
Less accumulated depreciation		(8,978,698	)		(8,487,827	)
Total property, plant and equipment at cost, net		7,550,029			7,915,984

INTANGIBLE ASSETS, less accumulated amortization of $201,065 in 2020 and $181,609 in 2019		247,983			271,369
Total assets	$	15,274,076		$	16,879,541

LIABILITIES AND STOCKHOLDERS' EQUITY

CURRENT LIABILITIES
Current portion of long-term debt	$	3,458,519		$	133,287
Accounts payable		459,129			761,641
Accrued compensation		355,305			382,303
Other accrued liabilities		158,732			657,255
Total current liabilities		4,431,685			1,934,486

LONG-TERM LIABILITIES
Long-term debt, less current portion		478,060			2,688,357
Total liabilities		4,909,745			4,622,843

COMMITMENTS AND CONTINGENCIES

STOCKHOLDERS' EQUITY

Preferred stock, par value $.10 per share; authorized 250,000 shares; issued none		—			—
Common stock, par value $.10 per share; authorized 4,750,000 shares; issued and outstanding 1,976,354 shares in 2020 and 2019.		197,635			197,635
Additional paid-in-capital		2,732,100			2,721,962
Retained earnings		7,434,596			9,337,101
Total stockholders' equity		10,364,331			12,256,698
Total liabilities and stockholders' equity	$	15,274,076		$	16,879,541

See notes to condensed financial statements.

Table of Contents

IKONICS CORPORATION

CONDENSED STATEMENTS OF OPERATIONS (Unaudited)

	Three Months Ended						Nine Months Ended
	September 30,						September 30,
	2020			2019			2020			2019

NET SALES	$	3,134,984		$	4,530,361		$	9,204,615		$	12,655,463

COST OF GOODS SOLD		2,261,205			3,118,299			6,792,709			8,805,853

GROSS PROFIT		873,779			1,412,062			2,411,906			3,849,610

SELLING, GENERAL AND ADMINISTRATIVE EXPENSES		979,773			1,347,404			3,963,100			4,068,230

RESEARCH AND DEVELOPMENT EXPENSES		136,520			218,467			521,334			667,774

LOSS FROM OPERATIONS		(242,514	)		(153,809	)		(2,072,528	)		(886,394	)

INTEREST EXPENSE		(24,592	)		(22,799	)		(70,699	)		(67,589	)

OTHER INCOME		39			16,225			8,722			49,722

LOSS BEFORE INCOME TAXES		(267,067	)		(160,383	)		(2,134,505	)		(904,261	)

INCOME TAX EXPENSE (BENEFIT)		6,929			2,361			(232,000	)		(170,775	)

NET LOSS	$	(273,996	)	$	(162,744	)	$	(1,902,505	)	$	(733,486	)

LOSS PER COMMON SHARE
Basic	$	(0.14	)	$	(0.08	)	$	(0.96	)	$	(0.37	)
Diluted	$	(0.14	)	$	(0.08	)	$	(0.96	)	$	(0.37	)

WEIGHTED AVERAGE COMMON SHARES OUTSTANDING
Basic		1,976,354			1,978,926			1,976,354			1,981,568
Diluted		1,976,354			1,978,926			1,976,354			1,981,568

See notes to condensed financial statements.

Table of Contents

IKONICS CORPORATION

STATEMENTS OF STOCKHOLDERS’ EQUITY

THREE AND NINE MONTHS ENDED SEPTEMBER 30, 2020 and 2019 (unaudited)

For the three months ended September 30, 2020:

										Total
					Additional					Stock-
	Common Stock				Paid-in		Retained			holders’
	Shares		Amount		Capital		Earnings			Equity

BALANCE AT JUNE 30, 2020		1,976,354	$	197,635	$	2,729,338	$	7,708,592		$	10,635,565

Net loss		—		—		—		(273,996	)		(273,996	)
Stock based compensation		—		—		2,762		—			2,762

BALANCE AT SEPTEMBER 30, 2020		1,976,354	$	197,635	$	2,732,100	$	7,434,596		$	10,364,331

For the three months ended September 30, 2019:

													Total
							Additional						Stock-
	Common Stock						Paid-in			Retained			holders’
	Shares			Amount			Capital			Earnings			Equity

BALANCE AT JUNE 30, 2019		1,980,811		$	198,081		$	2,723,099		$	9,601,979		$	12,523,159

Net loss		—			—			—			(162,744	)		(162,744	)
Common stock repurchased		(4,457	)		(446	)		(6,118	)		(22,063	)		(28,627	)
Stock based compensation		—			—			2,490			—			2,490

BALANCE AT SEPTEMBER 30, 2019		1,976,354		$	197,635		$	2,719,471		$	9,417,172		$	12,334,278

For the nine months ended September 30, 2020:

										Total
					Additional					Stock-
	Common Stock				Paid-in		Retained			holders’
	Shares		Amount		Capital		Earnings			Equity

BALANCE AT DECEMBER 31, 2019		1,976,354	$	197,635	$	2,721,962	$	9,337,101		$	12,256,698

Net loss		—		—		—		(1,902,505	)		(1,902,505	)
Stock based compensation		—		—		10,138		—			10,138

BALANCE AT SEPTEMBER 30, 2020		1,976,354	$	197,635	$	2,732,100	$	7,434,596		$	10,364,331

For the nine months ended September 30, 2019:

													Total
							Additional						Stock-
	Common Stock						Paid-in			Retained			holders’
	Shares			Amount			Capital			Earnings			Equity

BALANCE AT DECEMBER 31, 2018		1,983,553		$	198,355		$	2,723,024		$	10,189,651		$	13,111,030

Net loss		—			—			—			(733,486	)		(733,486	)
Common stock repurchased		(7,199	)		(720	)		(9,883	)		(38,993	)		(49,596	)
Stock based compensation		—			—			6,330			—			6,330

BALANCE AT SEPTEMBER 30, 2019		1,976,354		$	197,635		$	2,719,471		$	9,417,172		$	12,334,278

See notes to condensed financial statements.

Table of Contents

IKONICS CORPORATION

CONDENSED STATEMENTS OF CASH FLOWS (Unaudited)

	Nine Months Ended
	September 30,
	2020			2019
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$	(1,902,505	)	$	(733,486	)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation		499,899			476,906
Amortization		27,445			33,662
Stock based compensation		10,138			6,330
Net gain on sale and disposal of equipment		(2,325	)		(8,481	)
Deferred income taxes		—			(183,000	)
Loss on intangible asset abandonment		16,906			87,122
Changes in working capital components:
Trade receivables		1,017,501			3,775
Inventories		24,723			(526,853	)
Prepaid expenses and other assets		746,216			(577,492	)
Income tax receivable		(240,082	)		2,768
Accounts payable		(302,512	)		124,992
Accrued expenses		(525,521	)		674,194
Net cash used in operating activities		(630,117	)		(619,563	)

CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of property and equipment		(149,916	)		(333,535	)
Proceeds from sales of equipment		18,297			15,596
Purchases of intangible assets		(12,976	)		(17,528	)
Purchases of short-term investments		—			(4,165,000	)
Proceeds on sale of short-term investments		2,205,000			4,410,000
Net cash provided by (used in) investing activities		2,060,405			(90,467	)

CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from debt		1,214,500			—
Payment on long-term debt		(107,554	)		(104,772	)
Repurchase of common stock		—			(49,596	)
Net cash provided by (used in) financing activities		1,106,946			(154,368	)

NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		2,537,234			(864,398	)

CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD		963,649			1,623,137

CASH AND CASH EQUIVALENTS AT END OF PERIOD	$	3,500,883		$	758,739

SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION
Cash paid for interest	$	56,834		$	59,889
Cash paid for income taxes, net	$	8,082		$	9,457

See notes to condensed financial statements.

Table of Contents

IKONICS CORPORATION

NOTES TO CONDENSED FINANCIAL STATEMENTS

(Unaudited)

1.	Basis of Presentation

The condensed balance sheet of IKONICS Corporation (the “Company”) as of September 30, 2020, and the related condensed statements of operations for the three and nine months ended September 30, 2020 and 2019, the condensed statements of stockholders' equity for the three and nine months ended September 30, 2020 and 2019, and condensed cash flows for the nine months ended September 30, 2020 and 2019, have been prepared without being audited.

In the opinion of management, these statements reflect all adjustments (consisting of only normal recurring adjustments) necessary to present fairly the financial position of IKONICS Corporation as of September 30, 2020, and the results of operations and cash flows for all periods presented.

Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America, have been condensed or omitted. Therefore, these statements should be read in conjunction with the financial statements and notes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2019.

The results of operations for interim periods are not necessarily indicative of results that will be realized for the full fiscal year.

The Company relies on cash flow generated from operations and available borrowings under its bank line of credit to fund its working capital and other operating and investing needs. The Company’s ability to borrow under the bank line of credit is based on its continued compliance with its debt service coverage ratio covenant, as defined, and its ability to continue to renew the maturity date of the bank line of credit.

The full extent of the effect of the COVID-19 pandemic on the Company’s customers, supply chain and business cannot be reasonably assessed at this time although the Company's 2020 results of operations will be adversely affected. The Company has developed a plan to mitigate the impact of COVID-19 which includes the implementation of a series of specific and identified cost reductions, in addition to actions already taken, including further reducing its direct and indirect operating costs. The impact of COVID-19 on the Company’s operating results will depend on future developments, which are highly uncertain and cannot be predicted, including governmental and business reactions to the pandemic.

Based on the Company’s current cash position, and expected future cash flows, the Company believes it will have sufficient cash to fund its operations beyond twelve months from the date of the issuance of the accompanying unaudited condensed financial statements.

The Company has evaluated subsequent events occurring after the date of the financial statements for events requiring recording or disclosure in the financial statements. As a result of the novel strain of COVID-19 pandemic effect on the Company’s business as well as the businesses of its customers and suppliers, a significant decline in the Company’s business has occurred and that decline is expected to continue. Although the Company continues to operate, the Company has experienced a significant decrease in sales activity, and the future financial impact and duration cannot be reasonably estimated at this time.

2.	Inventories

The major components of inventories as of September 30, 2020 and December 31, 2019 were as follows:

	Sep 30, 2020			Dec 31, 2019

Raw materials	$	1,477,132		$	1,667,154
Work-in-progress		449,592			419,906
Finished goods		1,517,561			1,449,854
Reduction to LIFO cost		(1,288,472	)		(1,356,378	)

Total Inventories	$	2,155,813		$	2,180,536

3.	Earnings Per Common Share (EPS)

Basic EPS is calculated using net loss divided by the weighted average of common shares outstanding. Diluted EPS is calculated similarly to Basic EPS except that the weighted average number of common shares outstanding is increased to include the number of additional common shares that would have been outstanding if the potential dilutive common shares, such as those shares subject to options, had been issued. The options disclosed in Note 5 have been excluded from the computation because of their antidilutive effect.

Shares used in the calculation of diluted EPS are summarized below:

	Three Months Ended
	Sep 30, 2020		Sep 30, 2019

Weighted average common shares outstanding		1,976,354		1,978,926
Dilutive effect of stock options		—		—
Weighted average common and common equivalent shares outstanding		1,976,354		1,978,926

Table of Contents

IKONICS CORPORATION

NOTES TO CONDENSED FINANCIAL STATEMENTS

(Unaudited)

		Nine Months Ended
	Sep 30, 2020		Sep 30, 2019

Weighted average common shares outstanding		1,976,354		1,981,568
Dilutive effect of stock options		—		—
Weighted average common and common equivalent shares outstanding		1,976,354		1,981,568

If the Company was in a net income position for the three and nine months ended September 30, 2020, all 17,500 options outstanding with a weighted average exercise price of $6.97 would have remained excluded from the computation of common share equivalents as the options were anti-dilutive.

If the Company was in a net income position for the three and nine months ended September 30, 2019, all 16,000 options outstanding with a weighted average exercise price of $12.17 would have remained excluded from the computation of common share equivalents as the options were anti-dilutive.

4.	Stock-Based Compensation

The Company maintains the 2019 Equity Incentive Plan (the “2019 Plan”). The 2019 Plan replaced the 1995 Incentive Stock Option Plan (the "1995 Plan) upon its ratification by shareholders in April 2019. The 1995 plan authorized the issuance of up to 442,750 shares of common stock. Of those shares, 5,000 were subject to outstanding options as of September 30, 2020. Awards granted under the 1995 Plan will remain in effect until they are exercised or expire according to their terms. At the time the 2019 Plan was approved, there were 102,157 shares reserved for future grants under the 1995 Plan which will no longer be available for future grants.

Under the terms of the 2019 Plan, the number of shares of common stock that may be the subject of awards and issued under the 2019 Plan was initially set at 102,157. Subsequent to the approval of the 2019 Plan, 11,750 outstanding options granted under the 1995 Plan were forfeited. Under the terms of the 2019 Plan, those forfeited options are added back to the 2019 Plan reserve pool. As of September 30, 2020, 13,250 options have been granted under the 2019 Plan, 750 of which have been forfeited, bringing the number of shares of common stock available for future awards under the 2019 Plan to 101,407.

The Company charged compensation cost of approximately $10,100 against the loss for the nine months ended September 30, 2020 and approximately $6,300 for the nine months ended September 30, 2019. As of September 30, 2020, there was approximately $28,300 of unrecognized compensation cost related to unvested share-based compensation awards. That cost is expected to be recognized over the next three years.

The Company receives a tax deduction for certain stock option exercises during the period in which the options are exercised, generally for the excess of the market price at the time the stock options are exercised over the exercise price of the options, which increases additional paid in capital and reduces income taxes payable.

No stock options were exercised during the nine months ended September 30, 2020 or September 30, 2019.

There were 10,000 options granted during the nine months ended September 30, 2020 and there were 3,250 options granted during the nine months ended September 30, 2019. The fair value of options granted during the nine months ended September 30, 2020 and 2019 were estimated using the Black Scholes option pricing model with the following assumptions:

	2020			2019
Dividend yield		0			0
Expected volatility		40.3	%		37.5	%
Expected life of option (years)		10			5
Risk-free interest rate		1.4	%		1.7	%
Fair value of each option on grant date	$	2.90		$	2.53

Stock option activity during the nine months ended September 30, 2020 was as follows:

				Weighted
				Average
				Exercise
	Shares			Price
Outstanding at January 1, 2020		19,250		$	11.32
Granted		10,000			5.67
Exercised		—			—
Expired and forfeited		(11,750	)		12.99
Outstanding at September 30, 2020		17,500		$	6.97
Exercisable at September 30, 2020		5,332		$	9.19

There was no aggregate intrinsic value to the options outstanding and exercisable at September 30, 2020.

Table of Contents

IKONICS CORPORATION

NOTES TO CONDENSED FINANCIAL STATEMENTS

(Unaudited)

5.	Segment Information

The Company’s reportable segments are strategic business units that offer different products and have varied customer bases. There are four reportable segments: Chromaline, IKONICS Imaging, Digital Texturing (DTX) and Advanced Material Solutions (AMS). Chromaline sells screen printing film, emulsions, and inkjet receptive film primarily to distributors and some end users. IKONICS Imaging sells photo resistant film, art supplies, glass, and related abrasive etching equipment to both end users and distributors. AMS provides sound deadening and weight reduction technology to the aerospace industry along with products and services for etched composites, ceramics, glass and silicon wafers. DTX includes products and customers related to patented and proprietary inkjet technology used for mold texturing and prototyping. The accounting policies applied to determine the segment information are the same as those described in the Company’s Annual Report on Form 10-K for the year ended December 31, 2019.

Management evaluates the performance of each segment based on the components of divisional income (loss). Assets and liabilities are not allocated to segments, except for trade receivables. Financial information with respect to the reportable segments follows:

For the three months ended September 30, 2020:

	IKONICS
			IKONICS
	Chromaline		Imaging		DTX		AMS			Unalloc.			Total
Net sales	$	2,051,047	$	893,064	$	62,024	$	128,849		$	—		$	3,134,984
Cost of goods sold		1,474,881		499,750		33,143		253,431			—			2,261,205
Gross profit (loss)		576,166		393,314		28,881		(124,582	)		—			873,779
Selling general and administrative*		234,884		180,285		27,567		51,644			485,393			979,773
Research and development*		—		—		—		—			136,520			136,520
Income (loss) from operations	$	341,282	$	213,029	$	1,314	$	(176,226	)	$	(621,913	)	$	(242,514	)

For the three months ended September 30, 2019:

	IKONICS
			IKONICS
	Chromaline		Imaging		DTX		AMS		Unalloc.			Total
Net sales	$	2,869,664	$	1,117,209	$	84,661	$	458,827	$	—		$	4,530,361
Cost of goods sold		2,115,702		628,325		31,217		343,055		—			3,118,299
Gross profit		753,962		488,884		53,444		115,772		—			1,412,062
Selling general and administrative*		452,592		248,780		41,866		89,597		514,569			1,347,404
Research and development*		—		—		—		—		218,467			218,467
Income (loss) from operations	$	301,370	$	240,104	$	11,578	$	26,175	$	(733,036	)	$	(153,809	)

For the nine months ended September 30, 2020:

	IKONICS
			IKONICS
	Chromaline		Imaging		DTX		AMS			Unalloc.			Total
Net sales	$	5,635,373	$	2,488,963	$	223,606	$	856,673		$	—		$	9,204,615
Cost of goods sold		4,300,512		1,397,458		109,235		985,504			—			6,792,709
Gross profit (loss)		1,334,861		1,091,505		114,371		(128,831	)		—			2,411,906
Selling general and administrative*		1,027,239		683,720		91,999		211,788			1,948,354			3,963,100
Research and development*		—		—		—		—			521,334			521,334
Income (loss) from operations	$	307,622	$	407,785	$	22,372	$	(340,619	)	$	(2,469,688	)	$	(2,072,528	)

For the nine months ended September 30, 2019:

	IKONICS
			IKONICS
	Chromaline		Imaging		DTX		AMS			Unalloc.			Total
Net sales	$	8,006,121	$	3,164,143	$	290,022	$	1,195,177		$	—		$	12,655,463
Cost of goods sold		5,949,536		1,714,835		116,810		1,024,672			—			8,805,853
Gross profit		2,056,585		1,449,308		173,212		170,505			—			3,849,610
Selling general and administrative*		1,364,685		819,284		111,232		266,107			1,506,922			4,068,230
Research and development*		—		—		—		—			667,774			667,774
Income (loss) from operations	$	691,900	$	630,024	$	61,980	$	(95,602	)	$	(2,174,696	)	$	(886,394	)

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

Table of Contents

IKONICS CORPORATION

NOTES TO CONDENSED FINANCIAL STATEMENTS

(Unaudited)

Trade receivables by segment as of September 30, 2020 and December 31, 2019 were as follows:

	Sep 30, 2020			Dec 31, 2019

Chromaline	$	1,082,145		$	1,916,066
IKONICS Imaging		299,256			304,791
DTX		34,314			13,919
AMS		68,026			252,363
Unallocated		(66,524	)		(52,421	)

Total	$	1,417,217		$	2,434,718

6.	Income Taxes

The Company records its interim provision for income taxes by applying its estimated annual effective tax rate to the year-to-date pre-tax income and adjusting for discrete tax items recorded in the period. Deferred income taxes result from temporary differences between the reporting of amounts for financial statement purposes and income tax purposes. These differences relate primarily to different methods used for income tax reporting purposes, including for depreciation and amortization, warranty and vacation accruals, and deductions related to allowances for doubtful accounts receivable and inventory reserves. The provision for income taxes included current federal and state income tax expense, as well as deferred federal and state income tax expense.

Management assesses the available positive and negative evidence to estimate whether sufficient future taxable income will be generated to permit use of the existing deferred tax assets. A significant piece of objective negative evidence evaluated was the cumulative loss incurred over the three-year period ended September 30, 2020. Such objective evidence limits the ability to consider other subjective evidence, such as our projections for future growth.

On the basis of this evaluation, as of September 30, 2020, a full valuation allowance has been recorded to reserve for deferred tax assets entirely, which are not expected to be realized. The valuation allowance will be reevaluated on a quarterly basis and may change if estimates of future taxable income during the carryforward period is increased or if objective negative evidence in the form of cumulative losses is no longer present and additional weight is given to subjective evidence such as our projections for growth

On March 27, 2020, the Coronavirus Aid, Relief, and Economic Security Act (the "CARES Act") was signed into law. The CARES Act is a tax-and-spending package intended to provide economic relief to address the impact of the COVID-19 pandemic. The CARES Act includes several tax provisions that, among other things, allow businesses to carry back NOLs arising in 2018, 2019, and 2020 to the five prior tax years. The tax effect of a change in tax law or rates on taxes payable or refundable for a prior year should be recognized as of the enactment date as tax expense (benefit) for the current year. Accordingly, the Company has recorded a tax benefit in the current period to recognize certain eligible net operating loss carryback claims.

The effective tax rate for the three months ended September 30, 2020 was an expense of 0.5% , compared to an expense of 1.5% for the three months ended September 30, 2019. The primary driver of the change in the Company’s effective tax rate is attributable to maintaining a full valuation allowance that was established in the fourth quarter of 2019 . The Company recorded an income tax expense of $7,000 and $2,000 thousand for the three months ended September 30, 2020 and 2019, respectively

The effective tax rate for the nine months ended September 30, 2020 was a benefit of 10.9% , compared to a benefit of 18.9% for the nine months ended September 30, 2019. The primary driver of the change in the Company’s effective tax rate is attributable to a tax benefit in the current period to recognize a net operating loss carryback claim. The Company recorded an income tax benefit of $232,000 and $171,000 for the nine months ended September 30, 2020 and 2019, respectively.

Table of Contents

IKONICS CORPORATION

NOTES TO CONDENSED FINANCIAL STATEMENTS

(Unaudited)

The Company recognizes the financial statement benefit of a tax position only after determining that the relevant tax authority is more-likely -than-not to sustain the position following an audit. For tax positions meeting the more-likely-than-not threshold, the amount recognized in the condensed consolidated financial statements is the largest benefit that has a greater than 50% likelihood of being realized upon ultimate settlement with the relevant tax authority. As of September 30, 2020, the Company has no unrecognized tax benefits.

This Company is not currently under examination in any jurisdiction. In the event of any future tax assessments, the Company has elected to record the income taxes and any related interest and penalties as income tax expense on the statement of operations.

7.	Long-Term Debt

Duluth Economic Development Authority Loan

On April 1, 2016, the Company entered into a financing agreement (the “Financing Agreement”) under which the Duluth Economic Development Authority (the “Issuer”) agreed to sell $3,415,000 of its Tax Exempt Industrial Revenue Bonds, Series 2016 (IKONICS Project) (the “Bonds”) to Wells Fargo Bank, National Association (the “Bank”), and the Bank agreed to lend to the Company the proceeds received from the sale of the Bonds (the “Loan”).

The Company is subject to certain customary covenants set forth in the associated covenant agreement, including a requirement that the Company maintain a debt service coverage ratio of not less than 1.25 to 1.00. As of December 31, 2019, the Company was not in compliance with the debt service coverage ratio covenant, but obtained a waiver for the non-compliance. The Company amended the covenant terms in February of 2020 to change the debt service coverage ratio calculation from a rolling quarterly calculation to an annual calculation beginning December 31, 2020. The Company believes it will be in violation of the debt service coverage ratio, and there is no certainty that a waiver will be obtained for the violations. If the Company has future violations of its covenants, and is unable to obtain appropriate waivers, it could have a significant adverse effect on the Company's liquidity. Additionally, certain holders of the Bonds issued in 2016 have the ability to redeem the Bonds beginning in April 2020. Therefore, as of September 30, 2020 the Company reclassified the entire Loan from long-term debt to a short-term liability.

Paycheck Protection Program Loan

On April 18, 2020, Company entered into a loan pursuant to the Paycheck Protection Program under the CARES Act, as administered by the U.S. Small Business Administration (the “SBA”). The loan, in the principal amount of $1,214,500 (the “PPP Loan”), was disbursed by BMO Harris Bank National Association (“Lender”) on April 22, 2020, pursuant to a Paycheck Protection Program Promissory Note and Agreement (the “Note and Agreement”).

The PPP Loan matures on the two-year anniversary of the funding date and bears interest at a fixed rate of 1.00% per annum. Monthly principal and interest payments, less the amount of any potential forgiveness (discussed below), will commence after the six-month anniversary of the funding date. The Company did not provide any collateral or guarantees in connection with the PPP Loan, nor did the Company pay any facility charge to obtain the PPP Loan. The Note and Agreement provides for customary events of default, including those relating to failure to make payment, bankruptcy, breaches of representations and material adverse effects. The Company may prepay the principal of the PPP Loan at any time without incurring any prepayment charges.

All or a portion of the PPP Loan may be forgiven by the SBA and the Lender upon application by the Company. Under the CARES Act, loan forgiveness is available for the sum of documented payroll costs, covered rent payments, and covered utilities during an eight or twenty four-week period beginning on the approval date of the PPP Loan. For purposes of the CARES Act, payroll costs exclude compensation of an individual employee earning more than $100,000, prorated annually. Not more than 40% of the forgiven amount may be for non-payroll costs. Forgiveness is reduced if full-time headcount declines, or if salaries and wages for employees with salaries of $100,000 or less annually are reduced by more than 25%. Subsequent to the end of the third quarter of 2020, the Company submitted an application for 100% forgiveness of the PPP Loan. The Company cannot assure that the PPP Loan will be forgiven, in whole or in part.

The Company accounts for the PPP Loan as debt in accordance with Financial Accounting Standards Board (FASB) Accounting Standards Codification (ASC) 470, Debt and accrues interest in accordance with the interest method under FASB ASC 835-30. If the loan is forgiven in part or in whole, and legal release is received, the Company will reduce the liability by the amount forgiven and record a gain on extinguishment in the statement of operations.

Line of Credit

The Company also has a bank line of credit providing for borrowings of up to $2,050,000 which expires on August 30, 2021 and bears interest at 1.8 percentage points over the 30-day LIBOR rate. The Company did not utilize this line of credit during the first nine months of 2020 or 2019 and there were no borrowings outstanding as of September 30, 2020 or December 31, 2019. There are no financial covenants related to the line of credit.

Both the $3,415,000 financing pursuant to the Loan and the line of credit are collateralized by substantially all assets of the Company.

Table of Contents

IKONICS CORPORATION

Cautionary Note Regarding Forward-Looking Statements

The information presented below in Management’s Discussion and Analysis of Financial Condition and Results of Operations contains forward-looking statements within the meaning of the safe harbor provisions of Section 21E of the Securities Exchange Act of 1934, as amended. Statements that are not historical or current facts, including statements about beliefs and expectations, are forward-looking statements. These forward-looking statements include but are not limited to statements relating to our future plans, objectives and results and the impact of the COVID-19 pandemic on our financial results and the effectiveness of the Company’s responses to the pandemic. Such statements are subject to risks and uncertainties, including those discussed elsewhere in this report and under the heading “Risk Factors” in Part I, Item 1A of our Annual Report on Form 10-K for the year ended December 31, 2019, as updated in our subsequent reports filed with the SEC, which could cause actual results to differ materially from those projected. Because actual results may differ, readers are cautioned not to place undue reliance on these forward-looking statements.

ITEM 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations

The following management’s discussion and analysis focuses on those factors that had a material effect on the Company’s financial results of operations during the third quarter of 2020 and the first nine months of 2020, as well as the same periods of 2019. It should be read in connection with the Company’s condensed unaudited financial statements and notes thereto included in this Form 10-Q.

Impact of the COVID-19 Pandemic

The Company is closely monitoring the novel strain of coronavirus (COVID-19) pandemic and its impact on its business. The outbreak and continuing spread of COVID-19 has resulted in a substantial curtailment of business activities worldwide and is causing weakened economic conditions, both nationally and globally. As part of efforts to contain the spread of COVID-19, state, local and foreign governments have imposed various restrictions on the conduct of business and travel. Government restrictions, such as stay-at-home orders and quarantines and company remote work policies have led to a significant number of business closures and slowdowns. These business closures and slowdowns have already adversely impacted and will likely continue to adversely impact the Company directly, as well as cause its customers and suppliers to slow or stop production, which will likely significantly disrupt the Company's sales, production and supply chain. For example, as a result of the COVID-19 pandemic, the Company began to experience decreased demand for its products and services during the nine months ended September 30, 2020. The Company anticipates a significant decrease in global demand for its products and services during fourth quarter of 2020 and beyond. This significant decrease in demand will likely have a material adverse impact on the Company's business, operating results and financial condition. The Company’s facilities continue to operate and are doing so safely, having implemented social distancing and enhanced health, safety and sanitization measures. The Company's leadership continues to address the situation and is adjusting as necessary. The Company has also implemented necessary procedures to enable a significant portion of its employee base to work remotely. As the situation continues to evolve into a more prolonged pandemic, the Company expects the COVID-19 pandemic to have a significant adverse effect on economies and financial markets globally, potentially leading to a significant worldwide economic downturn, which could have a significant adverse effect on the Company's business, operating results and financial condition. However, the duration of these trends and the magnitude of such impacts cannot be precisely estimated at this time, as they are affected by a number of factors (some of which are outside management’s control), including those presented in Part II, Item 1A. “Risk Factors” below. To partially mitigate the negative impact of the COVID-19 pandemic, the Company implemented cost reduction efforts including furloughing approximately 40% of the Company's workforce, reductions in board and officer compensation, suspension of the Company’s contribution to its 401(k) retirement plan and the elimination of all non-essential expenditures.

Critical Accounting Estimates

The Company prepares its financial statements in conformity with accounting principles generally accepted in the United States of America. Therefore, the Company is required to make certain estimates, judgments and assumptions that the Company believes are reasonable based upon the information available. These estimates and assumptions affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the periods presented. The accounting estimates, which the Company believes are the most critical to aid in fully understanding and evaluating its reported financial results, include the following:

Trade Receivables. The Company performs ongoing credit evaluations of its customers and adjusts credit limits based upon payment history and the customer’s current credit worthiness, as determined by review of the current credit information. The Company continuously monitors collections and payments from its customers and maintains a provision for estimated credit losses based upon historical experience and any specific customer collection issues that have been identified. While such credit losses have historically been within expectations and the provisions established, the Company cannot guarantee that it will continue to experience the same collection history that has occurred in the past especially given the unpredictability of any effects related to the COVID-19 pandemic. The general payment terms are net 30-45 days for domestic customers and net 30-90 days for foreign customers. A small percentage of the trade receivables balance is denominated in a foreign currency with no concentration in any given country. At the end of each reporting period, the Company analyzes the receivable balance for customers paying in a foreign currency. These balances are adjusted to each quarter or year-end spot rate in accordance with FASB ASC 830, Foreign Currency Matters. The Company also maintains a provision for any customer related returns based upon historical experience of actual returns and any specifically identified product issues, refunds or credits.

Inventories. Inventories are valued at the lower of cost or net realizable value using the last in, first out (LIFO) method. The Company monitors its inventory for obsolescence and records reductions from cost when required.

Table of Contents

Income Taxes. Deferred taxes are provided on a liability method whereby deferred tax assets are recognized for deductible temporary differences and operating loss and tax credit carryforwards and deferred tax liabilities are recognized for taxable temporary differences. Temporary differences are the differences between the reported amounts of assets and liabilities and their tax bases. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will not be realized. Deferred tax assets and liabilities are adjusted for the effects of changes in tax laws and rates on the date of enactment. Deferred tax assets and liabilities are presented as long-term on a net basis. The Company follows the accounting standard on accounting for uncertainty in income taxes, which addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the financial statements. Under this guidance, the Company may recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by taxing authorities, based on the technical merits of the position. The tax benefits recognized in the financial statements from such a position are measured based on the largest benefit that has a greater than 50 percent likelihood of being realized upon ultimate settlement. The guidance on accounting for uncertainty in income taxes also addresses derecognition, classification, interest and penalties on income taxes, and accounting in interim periods.

Revenue recognition. Revenue is measured based on consideration specified in the contract with a customer, adjusted for any applicable estimates of variable consideration and other factors affecting the transaction price, including noncash consideration, consideration paid or payable to customers and significant financing components. While most of the Company’s revenue is contracted with customers through one-time purchase orders and short-term contracts, the Company does have long-term arrangements with certain customers. Revenue from all customers is recognized when a performance obligation is satisfied by transferring control of a distinct good or service to a customer.

Individually promised goods and services in a contract are considered a distinct performance obligation and accounted for separately if the customer can benefit from the individual good or service on its own or with other resources that are readily available to the customer and the good or service is separately identifiable from other promises in the arrangement. When an arrangement includes multiple performance obligations, the consideration is allocated between the performance obligations in proportion to their estimated standalone selling price. Costs related to products delivered are recognized in the period incurred, unless criteria for capitalization of costs are met. Costs of revenues consist primarily of direct labor, manufacturing overhead, materials and components. The Company does not incur significant upfront costs to obtain a contract. If costs to obtain a contract were to become material, the costs would be recorded as an asset and amortized to expense in a manner consistent with the related recognition of revenue.

The Company excludes governmental assessed and imposed taxes on revenue transactions that are invoiced to customers from revenue. The Company includes freight billed to customers in revenue. Shipping and handling costs associated with outbound freight after control over a product has transferred to a customer are accounted for as a fulfillment cost and are included in cost of goods sold.

The timing of revenue recognition, billings and cash collections results in accounts receivable on the balance sheet.

Performance obligations. A performance obligation is a promise in a contract to transfer a distinct good or service to the customer. A contract’s transaction price is allocated to each distinct performance obligation in proportion to its standalone selling price and recognized as revenue when, or as, the performance obligation is satisfied. The Company’s various performance obligations and the timing or method of revenue recognition are discussed below:

The Company sells its products to both distributors and end-users. Each unit of product delivered under a customer order represents a distinct and separate performance obligation as the customer can benefit from each unit on its own or with other resources that are readily available to the customer and each unit of product is separately identifiable from other products in the arrangement.

The transaction price for the Company’s products is the invoiced amount. The Company does not have variable consideration in the form of refunds, credits, rebates, price concessions, pricing incentives or other items impacting transaction price. The purchase order pricing in arrangements with customers is deemed to approximate standalone selling price; therefore, the Company does not need to allocate proceeds on a relative standalone selling price allocation between performance obligations. The Company applies the practical expedient in FASB ASC 606-10-50-14 and does not disclose information about remaining performance obligations that have original expected durations of one year or less. There are no material obligations that extend beyond one year.

Revenue is recognized when transfer of control occurs as defined by the terms in the customer agreement. The Company immediately recognizes incidental items that are immaterial in the context of the contract. The Company has also applied the practical expedient in FASB ASC 606-10-32-18 regarding the adjustment of the promised amount of consideration for the effects of a significant financing component when the customer pays for that good or service within one year or less, as the Company does not have any significant financing components in its customer arrangements as payment is received at or shortly after the point of sale, generally thirty to ninety days.

Table of Contents

The Company estimates returns based on an analysis of historical experience if the right to return products is granted to its customers. The Company does not record a return asset as non-conforming products are generally not returned. The Company’s return policy does not vary by geography. The customer has no rotation or price protection rights. The Company is not under a warranty obligation except as described below.

Sales commissions. Sales commissions paid to sales representatives are eligible for capitalization as they are incremental costs that would not have been incurred without entering into a specific sales arrangement and are recoverable through the expected margin on the transaction. The Company has elected to apply the practical expedient provided by FASB ASC 340-40-25-4 and recognize the incremental costs of obtaining contracts as an expense when incurred, as the amortization period of the assets that would have otherwise been recognized is one year or less. The Company records these costs in selling, general, and administrative expense.

Product warranty. The Company offers warranties on various products and services. These warranties are assurance type warranties that are not sold on a standalone basis; therefore, they are not considered distinct performance obligations. The Company estimates the costs that may be incurred under its warranties and records a liability in the amount of such costs at the time the revenue is recognized for the product sale.

International revenue. The Company markets its products to numerous countries in North America, Europe, Latin America, Asia and other parts of the world. Foreign sales were approximately 30% of total sales during the first nine months of 2020 and 29% during the first nine months of 2019.

Results of Operations

Quarter Ended September 30, 2020 Compared to Quarter Ended September 30, 2019

Sales. The Company’s 2020 third quarter sales of $3.1 million were $1.4 million, or 30.8%, lower than the 2019 third quarter sales of $4.5 million. Each of the Company's divisions were negatively impacted by the slow down in economic activity due to the COVID-19 pandemic. Chromaline's 2020 third quarter sales of $2.1 million decreased by 28.5% from third quarter 2019 sales of $2.9 million. IKONICS Imaging sales for the third quarter of 2020 also decreased versus the third quarter of 2019 as 2020 IKONICS Imaging third quarter sales of $893,000 were $224,000, or 20.1%, lower than 2019 third quarter sales. AMS also realized lower third quarter sales. Third quarter AMS sales in 2020 were $129,000 compared to $459,000 for the same period last year, a $330,000 decrease. DTX third quarter sales decreased from $85,000 in 2019 to $62,000 in 2020. IKONICS anticipates that the COVID-19 outbreak will continue to adversely impact sales in the last quarter of 2020 and beyond due to decreasing demand for its products and services.

Gross Profit. Gross profit was $874,000, or 27.9% of sales, in the third quarter of 2020 compared to $1.4 million, or 31.2% of sales, for the same period in 2019. A decrease in sales volumes resulted in the AMS 2020 third quarter gross margin decreasing to a negative 96.7% from 25.2% in 2019. A large portion of the AMS cost structure is fixed, causing fluctuations in sales volumes to have a significant impact on its gross margin. The Chromaline gross margin increased from 26.3% in the third quarter of 2019 to 28.1% for the third quarter of 2020 while the IKONICS Imaging gross margin increased from 43.8% in the third quarter of 2019 to 44.0% in the third quarter of 2020. A favorable sale mix more than offset the decrease in sales volume resulting in improved gross margins for both Chromaline and IKONICS Imaging. The 2020 and 2019 third quarter DTX gross margins were 46.6% and 63.1%, respectively, as a less favorable sales mix negatively impacted the 2020 gross margin. IKONICS anticipates that the COVID-19 outbreak will continue to adversely impact gross margins in the last quarter of 2020 and beyond due to both lower sales volumes and production levels.

Selling, General and Administrative Expenses. Selling, general and administrative expenses were $980,000, or 31.3% of sales, in the third quarter of 2020 compared to $1.3 million, or 29.7% of sales, for the same period in 2019. Selling, general and administrative expenses for the third quarter of 2020 decreased primarily due to a reduction in personnel, travel, trade show, promotional and consulting expenses. Compared to 2019, the Company expects lower selling, general and administrative expenses in the last quarter of 2020 due to lower staffing levels, suspension of the Company’s contribution to its 401(k) retirement plan, decrease in promotional expenses and the elimination of all non-essential expenditures.

Research and Development Expenses. Research and development expenses during the third quarter of 2020 were $137,000, or 4.4% of sales, versus $218,000, or 4.8%, of sales for the same period in 2019. Research and development expenses in the third quarter of 2020 were favorably impacted by a reduction in staffing levels.

Interest Expense. Interest expense for the third quarter of 2020 and 2019 was $25,000 and $23,000, respectively.

Income Taxes. For the three months ended September 30, 2020 the effective tax rate was an expense of 0.5% , compared to an expense of 1.5% for the three months ended September 30, 2019. The primary driver of the change in the Company’s effective tax rate is attributable to maintaining a full valuation allowance that was established in the fourth quarter of 2019 . The Company recorded an income tax expense of $7,000 and $2,000 thousand for the three months ended September 30, 2020 and 2019, respectively.

Nine Months Ended September 30, 2020 Compared to Nine Months Ended September 30, 2019

Sales. The Company’s 2020 first nine months sales of $9.2 million were $3.5 million, or 27.3%, lower than the 2019 first nine month sales of $12.7 million due to the slowdown in economic activity related to the COVID-19 pandemic. Chromaline 2020 sales for the first nine months of $5.6 million decreased by 29.6% from the 2019 year-to-date September sales of $8.0 million. IKONICS Imaging 2020 sales for first nine months of $2.5 million were $675,000, or 21.3% lower than sales for the first nine months of 2019. AMS sales for the first nine months decreased from $1.2 million in 2019 to $857,000 in 2020, a 28.3% decrease. DTX sales also decreased in the first nine months of 2020 from $290,000 in 2019 to $224,000 in 2020. IKONICS anticipates that the COVID-19 outbreak will continue to adversely impact sales in all of its divisions in the fourth quarter of 2020 and beyond due to decreasing demand for its products and services.

Table of Contents

Gross Profit. Gross profit was $2.4 million, or 26.2% of sales, in the first nine months of 2020 compared to $3.8 million, or 30.4% of sales, for the same period in 2019. The Chromaline gross margin decreased from 25.7% in the first nine months of 2019 to 23.7% for the first nine months of 2020 while the IKONICS Imaging gross margin decreased from 45.8% in the first nine months of of 2019 to 43.9% in the first nine months of 2020. Both the Chromaline and IKONICS Imaging gross margins in 2020 were unfavorably impacted by lower sales volumes and lower production output caused by the COVID-19 pandemic A decrease in sales volumes resulted in the September year-to-date AMS gross margin decreasing to a negative 15.0% in 2020 from 14.3% in 2019. A large portion of the AMS cost structure is fixed, causing sales volumes to have a significant impact on its gross margin. The 2020 and 2019 September year-to-date DTX gross margins were 51.1% and 59.7%, respectively, as a less favorable sales mix negatively impacted the 2020 gross margin. IKONICS anticipates that the COVID-19 outbreak will continue to adversely impact gross margins in the fourth quarter 2020 and beyond as sales volumes and production output decreases.

Selling, General and Administrative Expenses. Selling, general and administrative expenses were $4.0 million, or 43.1% of sales, in the first nine months of 2020 compared to $4.1 million, or 32.1% of sales, for the same period in 2019. Selling, general and administrative expenses for the first nine months of 2020 decreased primarily due to lower personnel, travel, trade show, and promotional expense. These cost savings were partially offset by the one-time expense incurred in 2020 of $365,000 related to the Chief Executive Officer transition. The transition costs include severance payments to the former CEO, a signing bonus, relocation expenses and executive search consulting expenses.

Research and Development Expenses. Research and development expenses during the first nine months of 2020 were $521,000, or 5.7% of sales, versus $668,000, or 5.3%, of sales for the same period in 2019. Research and development expenses in the first nine months of 2019 were unfavorably impacted by an $87,000 write off of patent application costs that were previously recorded as an asset as the Company determined that it would no longer continue to pursue those patent applications. Research and Development expenses in 2020 were also lower due to staffing reductions.

Interest Expense. Interest expense for the first nine months of 2020 and 2019 was $71,000 and $68,000, respectively.

Income Taxes. For the nine months ended September 30, 2020, the effective tax rate was a benefit of 10.9%, compared to a benefit of 18.9% for the nine months ended September 30, 2019. The primary driver of the change in the Company’s effective tax rate is attributable to a tax benefit in the current period to recognize a net operating loss carryback claim. The Company recorded an income tax benefit of $232,000 and $171,000 for the nine months ended September 30, 2020 and 2019, respectively.

Liquidity and Capital Resources

Outside of the building expansion, for which $3.4 million in financing was obtained during 2016 and the $1.2 million Paycheck Protection loan, the Company has financed its operations principally with funds generated from operations. These funds have historically been sufficient to cover the Company’s normal operating expenditures, annual capital requirements, and research and development expenditures.

Cash and cash equivalents were $3.5 million and $960,000 at September 30, 2020 and December 31, 2019, respectively. Operating activities used $630,000 in cash during the first nine months of 2020 compared to using $620,000 of cash during the same period in 2019. Cash used in operating activities is primarily the result of net losses adjusted for non-cash depreciation, amortization, and certain changes in working capital components discussed in the following paragraph.

During the first nine months of 2020, trade receivables decreased by $1.0 million. This decrease was due primarily to a slowdown in sales of products and services during the first nine months of 2020, as a result of the aforementioned COVID-19 pandemic. The Company believes that the quality of its receivables is high and that strong internal controls are in place to maintain proper collections. Inventories decreased by $25,000 due to lower raw material levels. Prepaid expenses and other assets decreased by $746,000 reflecting a decrease in a receivable related to the reimbursement of 2019 medical insurance costs that the Company received from its stop-loss insurance carrier. Accrued expenses decreased $526,000, reflecting a decrease in the accrual for health insurance costs. Accounts payable decreased by $303,000 due to the Company's cost reduction efforts and a reduction in raw material purchases in anticipation of lower sales volumes. Income taxes receivable increased by $240,000 as the Company recognized an income tax benefit attributable to a net operating loss carryback claim.

During the first nine months of 2019, trade receivables decreased $4,000. The Company believes that the quality of its receivables is high and that strong internal controls are in place to maintain proper collections. Inventories increased by $527,000 due to higher finished goods levels as the Company was ramping up inventory levels to meet demand for the remainder of 2019 in addition to lower than expected sales for the first nine months of 2019. Prepaid expenses and other assets increased by $577,000. The increase is due to a $694,000 receivable related to the reimbursement of medical insurance costs that the Company did receive from its stop-loss insurance carrier. Accrued expenses increased $674,000, reflecting an increase in the accrual for health insurance costs. Accounts payable increased by $125,000 due to the timing of vendor payments. Income taxes receivable decreased by $3,000.

During the first nine months of 2020, cash provided by investing activities was $2.1 million. Nine certificates of deposits totaling $2.2 million matured during the first nine months of 2020. The Company’s purchases of equipment of $150,000 were mainly for improvements to production and process capabilities and to replace a vehicle. The Company received $18,000 in proceeds from the sale of a vehicle. Also, during the first nine months of 2020, the Company incurred $13,000 in patent application costs that the Company records as an asset and amortizes upon successful completion of the application process.

Table of Contents

During the first nine months of 2019, cash used in investing activities was $90,000. Eighteen certificates of deposits totaling $4.4 million matured during the first nine months of 2019. The Company purchased seventeen certificates of deposits totaling $4.2 million. The Company’s purchases of property and equipment of $334,000 were mainly for improvements to production and process capabilities and to replace two vehicles. The Company received $16,000 in proceeds from the sale of two vehicles and equipment. Also, during the first nine months of 2019, the Company incurred $18,000 in patent application costs that the Company records as an asset and amortizes upon successful completion of the application process.

For the first nine months of 2020, net cash provided by investing activities was $1.1 million compared to $154,000 of cash used in financing activities during the first nine months of 2019. The $1.2 million proceeds from debt in 2020 reflects the receipt of the PPP Loan discussed below. Related to the Company’s financing agreement, the Company made principal payments of $108,000 and $105,000 during the first nine months of 2020 and 2019, respectively. During the first nine months of 2019, Company repurchased 7,199 shares of its own stock for $50,000.

.On April 18, 2020, the Company entered into a loan pursuant to the Paycheck Protection Program under the CARES Act, as administered by the U.S. Small Business Administration (the “SBA”). The loan, in the principal amount of $1,214,500 (the “PPP Loan”), was disbursed by BMO Harris Bank National Association (“Lender”) on April 22, 2020, pursuant to a Paycheck Protection Program Promissory Note and Agreement (the “Note and Agreement”).

All or a portion of the PPP Loan may be forgiven by the SBA and the Lender upon application by the Company. Subsequent to the end of the third quarter of 2020, the Company submitted an application for 100% forgiveness of the PPP Loan. Under the CARES Act, loan forgiveness is available for the sum of documented payroll costs, covered rent payments, and covered utilities during the eight-week period beginning on the approval date of the PPP Loan. For purposes of the CARES Act, payroll costs exclude compensation of an individual employee earning more than $100,000, prorated annually. Not more than 40% of the forgiven amount may be for non-payroll costs. Forgiveness is reduced if full-time headcount declines, or if salaries and wages for employees with salaries of $100,000 or less annually are reduced by more than 25%. Although the Company currently believes that its use of the PPP Loan will meet the conditions for forgiveness of the PPP Loan, the Company cannot assure that the PPP Loan will be forgiven, in whole or in part.

The Company is subject to certain customary covenants set forth in the Loan, including a requirement that the Company maintain a debt service coverage ratio of not less than 1.25 to 1.00. As of December 31, 2019, the Company was not in compliance with the debt service coverage ratio covenant, but obtained a waiver for the non-compliance. There is no certainty that a waiver can be obtained in the future if similar violations occur. The Company amended the covenant terms in February of 2020 to change the debt service coverage ratio calculation from a rolling quarterly calculation to an annual calculation beginning December 31, 2020. If the Company has future violations of its covenants, and is unable to obtain appropriate waivers, it could have a significant adverse effect on the Company's liquidity. The Company believes that any adverse effect of such a possible outcome is mitigated by its strong working capital including cash and cash equivalents of $3.5 million along with the Company's $2.0 million available line of credit as of September 30, 2020. However, the Company cannot reasonably estimate the future financial impact on its operations or working capital position given the recent downturn in business due to the coronavirus (COVID-19) pandemic.

A bank line of credit providing for borrowings of up to $2,050,000 expires August 30, 2021. The line of credit is collateralized by the Company’s assets and bears interest at 1.8 percentage points over the 30-day LIBOR rate. The Company did not utilize this line of credit during the first nine months of 2020 or 2019, and there were no borrowings outstanding as of September 30, 2020 or December 31, 2019. There are no financial covenants related to the line of credit.

The full extent of the effect of the COVID-19 pandemic on the Company’s customers, supply chain and business cannot be reasonably assessed at this time although the Company expects its full year 2020 results of operations to be adversely affected. The Company has developed a plan to mitigate the impact of COVID-19 which includes permanent reductions to the Company's workforce, reductions in board and officer compensation, suspension of the Company’s contribution to its 401(k) retirement plan and the elimination of all non-essential expenditures. The impact of COVID-19 on the Company’s operating results will depend on future developments, which are highly uncertain and cannot be predicted, including governmental and business reactions to the pandemic.

Capital Expenditures

Through the first nine months of 2020, the Company incurred $150,000 of capital expenditures mainly for improvements to production and process capabilities and to replace a vehicle.

The Company was planning additional capital expenditures in 2020 of approximately $200,000 including improvements to the Company's production capabilities, process improvements, information technology upgrades and two replacement vehicles. With the recent downturn in business related to the COVID-19 pandemic, the Company anticipates that additional capital expenditures in 2020 will be minimal. Currently, the Company expects to fund its capital expenditures with existing cash and cash generated from operating activities.

Table of Contents

International Activity

The Company markets its products to numerous countries in North America, Europe, Latin America, Asia and other parts of the world. Foreign sales were approximately 30% of total sales during the first nine months of 2020 and 29% during the first nine months of 2019. The fluctuations of certain foreign currencies have not significantly impacted the Company’s operations, as the Company’s foreign sales are not concentrated in any one region of the world, although a strong U.S. dollar does make the Company’s products less competitive internationally. The Company believes its vulnerability due to uncertainties in foreign currency fluctuations and general economic conditions in foreign countries is not significant.

The Company’s foreign transactions are primarily negotiated, invoiced and paid in U.S. dollars, while a portion is transacted in Euros. The Company has not implemented an economic hedging strategy to reduce the risk of foreign currency translation or transaction exposures, as management does not believe this to be a significant risk based on the scope and geographic diversity of the Company’s foreign operations. Furthermore, the impact of foreign exchange on the Company’s balance sheet and operating results was not material in either 2020 or 2019.

Future Outlook

See the discussion under the heading “Impact of the COVID-19 Pandemic” above for the Company’s discussion of the COVID-19 pandemic.

IKONICS has spent an average of approximately 5% of annual sales in research and development and has made capital expenditures related to new products and programs. The Company plans to maintain its efforts in these areas to expedite internal product development as well as to form technological alliances with outside entities to commercialize new product opportunities.

The Company is also continuing to pursue DTX-related business initiatives. In addition to making efforts towards growing the inkjet technology business, the Company offers a range of products for creating texture surfaces and has introduced a fluid for use in prototyping. The Company is currently working on production improvements as part of its joint development agreement with AKK, a German manufacturer of high quality printers, to enhance its customer offerings. The Company has been awarded European, Japanese, and United States patents on its DTX technologies. The Company has also modified its DTX technology to facilitate entry into the market for prototyping.

The Company continues to make progress on its AMS business. The Company has three long-term sales agreements in place for its technology with major aerospace companies. However, based on customer communications, the Company anticipates reduced order volume for the remainder of 2020 and into 2021 due to the COVID-19 pandemic.

Both the Chromaline and IKONICS Imaging units operate in mature markets. Although these business units require aggressive strategies to grow market share, both are developing new products and business relationships that the Company believes will contribute to growth. Early in 2019, the Company introduced its new IKONART® product to positive reviews and is generating sales. IKONART® provides a new way to make custom reusable stencils for the creative arts markets. In addition to its traditional emphasis on domestic markets, the Company will continue efforts to grow its business internationally by attempting to develop new markets and expanding market share where it has already established a presence. However, the strong U.S. dollar has made international growth challenging.

Other future activities undertaken to expand the Company’s business may include strategic partnerships, acquisitions, building improvements, equipment additions, new product development and marketing opportunities.

Recent Accounting Pronouncements

In June 2016, the FASB issued ASU No. 2016-13, Measurement of Credit Losses on Financial Instruments, which revises guidance for the accounting for credit losses on financial instruments within its scope, and in November 2018, issued ASU No. 2018-19 and in April 2019, issued ASU No. 2019-04 and in May 2019, issued ASU No. 2019-05, and in November 2019, issued ASU No. 2019-11, which amended the standard. The new standard introduces an approach, based on expected losses, to estimate credit losses on certain types of financial instruments and modifies the impairment model for available-for-sale debt securities. The new approach to estimating credit losses (referred to as the current expected credit losses model) applies to most financial assets measured at amortized cost and certain other instruments, including trade and other receivables, loans, held-to-maturity debt securities, net investments in leases and off-balance-sheet credit exposures. This ASU is effective for fiscal years beginning after December 15, 2022, including interim periods within those fiscal years, with early adoption permitted. Entities are required to apply the standard’s provisions as a cumulative-effect adjustment to retained earnings as of the beginning of the first reporting period in which the guidance is adopted. The Company is still evaluating the impact of this ASU.

Off Balance Sheet Arrangements

The Company has no off-balance sheet arrangements.

ITEM 3. Quantitative and Qualitative Disclosures about Market Risk

Not applicable

ITEM 4. Controls and Procedures

As of the end of the period covered by this report, the Company conducted an evaluation, under the supervision and with the participation of the principal executive officer and principal financial officer, of the Company’s disclosure control and procedures (as defined in Rules 13a-15(e) and 15d-15(e) under the Securities Exchange Act of 1934 (the “Exchange Act”)). Based on this evaluation, the principal executive officer and principal financial officer concluded that the Company’s disclosure controls and procedures are effective to ensure that information required to be disclosed by the Company in reports that it files or submits under the Exchange Act is (i) recorded, processed, summarized and reported within the time periods specified in SEC rules and forms and (ii) accumulated and communicated to the Company’s management, including its principal executive officer and principal financial officer, as appropriate to allow timely decisions regarding required disclosure.

There were no changes to the Company's internal control over financial reporting that occurred during the first nine months of 2020 that has materially affected, or is reasonably likely to materially affect, the Company's internal control over financial reporting.

Table of Contents

PART II. OTHER INFORMATION

ITEM 1.

Legal Proceedings

None

ITEM 1A.

Risk Factors

You should carefully review and consider the information regarding certain factors which could materially affect the Company's business, financial condition or future results set forth under the heading “Risk Factors” in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2019. There have been no material changes or additions to the Company's risk factors discussed in such report, which could materially affect the Company’s business, financial condition, or future results, with the exception of the following new risk factor:

A public health crisis or global outbreak of disease, including the pandemic caused by coronavirus disease 2019 (“COVID-19”) has had, and we believe will continue to have, a negative effect on the Company's operations, supply chain and workforce, creating business disruptions that could have a material adverse impact on the Company’s financial condition, results of operations and cash flows.

The pandemic caused by COVID-19 was first reported in Wuhan, China, in December 2019 and has since spread to all geographic regions where the Company’s products are produced and sold. The global, regional and local spread of COVID-19 has resulted in significant global mitigation measures, including government-directed quarantines, social distancing and shelter-in-place mandates, travel restrictions and/or bans, and restricted access to certain corporate facilities and manufacturing sites. Uncertainty with respect to the severity and duration of the pandemic, coupled with a significant drop in oil prices that began in early March 2020 driven by a collapse in demand due to the global spread of COVID-19 combined with increased supply from oil producers, has contributed to the volatility and disruption of financial markets. While the severity and duration of the COVID-19 pandemic remain uncertain, impacts to the Company may include, but are not limited to: fluctuations in the Company’s stock price due to market volatility; a decrease in demand for the Company’s products; reduced profitability; supply chain disruptions impeding the Company’s ability to ship and/or receive product; potential interruptions or limitations to manufacturing operations imposed by local, state or federal governments; shortages of key raw materials; workforce absenteeism and distraction; labor shortages; customer credit concerns; cyber security and data accessibility disruptions due to remote working arrangements; reduced sources of liquidity; increased borrowing costs; and potential asset impairment charges. Business disruptions and market volatility resulting from the COVID-19 pandemic could continue to have a material adverse impact on the Company’s results of operations, financial condition and cash flows.

The Company received funding under the Coronavirus Aid, Relief and Economic Security (CARES) Act and there is no guarantee that the Company will not become subject to penalties or that the Company will be able to attain loan forgiveness, in whole or in part.

On April 18, 2020, the Company executed a promissory note in favor of BMO Harris Bank evidencing an unsecured loan in the aggregate principal amount of $1,214,500, which was made pursuant to the Paycheck Protection Program, or the PPP. The PPP was established under the CARES Act, which was enacted on March 27, 2020, and is administered by the U.S. Small Business Administration, or the SBA. All the funds under the loan were disbursed to the Company on April 22, 2020. The Company intends to use all proceeds from the loan to retain employees, maintain payroll and make rental and utility payments.

The promissory note provides for a fixed interest rate of one percent per year with a maturity date of April 18, 2022. Monthly principal and interest payments due on the loan are deferred for a six-month period beginning from the date of disbursement. The loan may be prepaid by the Company at any time prior to April 18, 2022 with no prepayment penalties or premiums.

Under the terms of the CARES Act, loan recipients can apply for and be granted forgiveness for all or a portion of the loans granted under the PPP. Subsequent to the end of the third quarter of 2020, the Company submitted an application for 100% forgiveness of the PPP Loan. Such forgiveness will be subject to approval by the SBA and the lender and determined, subject to limitations, based on factors set forth in the CARES Act, including verification of the use of loan proceeds for payment of payroll costs and payments of mortgage interest, rent and utilities. In the event the loan, or any portion thereof, is forgiven, the amount forgiven is applied to outstanding principal. The terms of any forgiveness may also be subject to further regulations and guidelines that the SBA may adopt. If the loan is not forgiven, the Company will be required to repay the outstanding principal, along with accrued interest. The Company has and will continue to carefully monitor all qualifying expenses and other requirements necessary to attain loan forgiveness; however, no assurance is provided that the Company will ultimately obtain forgiveness of the PPP loan in whole or in part.

The PPP loan application required the Company to certify, among other things, that the current economic uncertainty made the PPP loan request necessary to support our ongoing operations. On April 18, 2020, the SBA, in consultation with the Department of Treasury, issued new guidance stating that it is unlikely that a public company with substantial market value and access to capital markets will be able to make the required certification in good faith. The Company made the certification in good faith after analyzing its financial situation and access to capital and believe that it has satisfied all eligibility criteria for the PPP loan, but the SBA guidance and criteria is subject to interpretation and if the Company is found to be ineligible, the Company could be subject to significant penalties and required to repay the loan. If the Company becomes subject to penalties or is not able to attain loan forgiveness, it could result in harm to its business, results of operation and financial condition.

Table of Contents

ITEM 2.

Unregistered Sales of Equity Securities and Use of Proceeds

Not applicable

ITEM 3.

Defaults upon Senior Securities

Not applicable

ITEM 4.

Mine Safety Disclosures

Not applicable

ITEM 5.

Other Information

None

ITEM 6.

Exhibits

The following exhibits are filed as part of this Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2020:

Exhibit		Description
	3.1	Restated Articles of Incorporation of Company, as amended. (Incorporated by reference to the like numbered Exhibit to the Company’s Registration Statement on Form 10-SB filed with the Commission on April 7, 1999 (File No. 000-25727).)
	3.2	Amended and Restated By-Laws of the Company, as amended. (Incorporated by reference to Exhibit 3.1 to the Company’s Current Report on Form 8-K filed on April 30, 2018 (File No. 000-25757).)
	31.1	Rule 13a-14(a)/15d-14(a) Certifications of CEO
	31.2	Rule 13a-14(a)/15d-14(a) Certifications of CFO
	32	Section 1350 Certifications
	101	Interactive Data Files Pursuant to Rule 405 of Regulation S-T

Table of Contents

IKONICS CORPORATION

SIGNATURES

In accordance with the requirements of the Securities Exchange Act of 1934, the registrant caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	IKONICS CORPORATION


DATE: November 12, 2020	By:	/s/ Jon Gerlach
		Jon Gerlach,
		Chief Financial Officer, and
		Vice President of Finance

EX-31.1 2 ex_201095.htm EXHIBIT 31.1 ex_124989.htm

EXHIBIT 31.1

RULE 13a-14(a)/15d-14(a) CERTIFICATIONS OF CEO

I, Glenn Sandgren, certify that:

1.	I have reviewed this quarterly report on Form 10-Q of IKONICS Corporation;

2.	Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3.	Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15f and 15d-15(f)) for the registrant and we have:

designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

disclosed in this report any change in the registrant’s internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f) that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting.

5.	The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: November 12, 2020	/s/ Glenn Sandgren
	Glenn Sandgren
	Chief Executive Officer

EX-31.2 3 ex_201096.htm EXHIBIT 31.2 ex_124990.htm

EXHIBIT 31.2

RULE 13a-14(a)/15d-14(a)/CERTIFICATIONS OF CFO

I, Jon Gerlach, certify that:

1.	I have reviewed this quarterly report on Form 10-Q of IKONICS Corporation;

2.	Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3.	Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

5.	The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: November 12, 2020	/s/ Jon Gerlach
	Jon Gerlach
	Chief Financial Officer and Vice President of Finance

EX-32 4 ex_201097.htm EXHIBIT 32 ex_124991.htm

EXHIBIT 32

SECTION 1350 CERTIFICATIONS

Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, each of the undersigned certifies that this periodic report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934 and that information contained in this periodic report fairly presents, in all material respects, the financial condition and results of operations of IKONICS Corporation.

Date: November 12, 2020	/s/ Glenn Sandgren
	Glenn Sandgren
	Chief Executive Officer

Date: November 12, 2020	/s/ Jon Gerlach
	Jon Gerlach
	Chief Financial Officer and Vice President of Finance

EX-101.INS 5 iknx-20200930.xml XBRL INSTANCE DOCUMENT false --12-31 Q3 2020 2020-09-30 10-Q 0001083301 1976354 Yes false Non-accelerated Filer Yes IKONICS CORP false true Common Stock, par value $.10 per share iknx 17500 16000 17500 16000 1.25 9556586 9556984 6.97 12.17 6.97 12.17 3415000 245674 245674

459129

761641

1082145

1916066

299256

304791

34314

13919

68026

252363

-66524

-52421

1417217

2434718

8978698

8487827

2732100

2721962

27445

33662

2762

2490

10138

6330

10100

6300

81000

58000

15274076

16879541

7476064

8692188

3500883

963649

1623137

3500883

758739

2537234

-864398

0.10

4750000

1976354

1980811

1976354

1983553

197635

1474881

499750

33143

253431

2261205

2115702

628325

31217

343055

3118299

4300512

1397458

109235

985504

6792709

5949536

1714835

116810

1024672

8805853

0.018

-183000

499899

476906

-0.14

-0.08

-0.96

-0.37

-0.14

-0.08

-0.96

-0.37

0.005

0.015

-0.109

-0.189

355305

382303

28300

201065

181609

247983

271369

1440964

1402369

2325

8481

576166

393314

28881

-124582

873779

753962

488884

53444

115772

1412062

1334861

1091505

114371

-128831

2411906

2056585

1449308

173212

170505

3849610

16906

87122

-267067

-160383

-2134505

-904261

6929

2361

-232000

-170775

8082

9457

241451

1369

-302512

124992

-1017501

-3775

-525521

674194

240082

-2768

-24723

526853

-746216

577492

24592

22799

70699

67589

56834

59889

1517561

1449854

1288472

1356378

2155813

2180536

1477132

1667154

449592

419906

16225

8722

49722

4909745

4622843

15274076

16879541

4431685

1934486

2050000

3458519

133287

478060

2688357

5285503

5198784

1106946

-154368

2060405

-90467

-630117

-619563

-1902505

-733486

-273996

-162744

-273996

-162744

-1902505

-733486

341282

213029

1314

-176226

-621913

-242514

301370

240104

11578

26175

-733036

-153809

307622

407785

22372

-340619

-2469688

-2072528

691900

630024

61980

-95602

-2174696

-886394

158732

657255

49596

12976

17528

149916

333535

4165000

0.10

250000

160700

906916

1214500

18297

15596

2205000

4410000

16528727

16403811

7550029

7915984

107554

104772

136520

218467

521334

667774

7434596

9337101

2051047

893064

62024

128849

3134984

2869664

1117209

84661

458827

4530361

5635373

2488963

223606

856673

9204615

8006121

3164143

290022

1195177

12655463

<div style="display: inline; font-family: times new roman; font-size: 10pt"><table style="margin-right: 5%; margin-left: 36pt; font-size: 10pt; font-family: "Times New Roman", Times, serif; text-indent: 0px; min-; min-width: 700px;" cellspacing="0" cellpadding="0" border="0"> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; background-color: rgb(255, 255, 255); width: 40%;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; background-color: rgb(255, 255, 255); width: 1%;"> </td> <td colspan="22" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; background-color: rgb(255, 255, 255); margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0); width: 51%;"> <div style=" background-color:#FFFFFF;font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-style: italic; font: inherit;"><div style="display: inline; font-style: italic; font: inherit;"><div style="display: inline; font-style: italic; font: inherit;"><div style="display: inline; font-style: italic; font: inherit;"><div style="display: inline; font-style: italic; font: inherit;"><div style="display: inline; font-style: italic; font: inherit;">IKONICS</div></div></div></div></div></div></div></div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; background-color: rgb(255, 255, 255); padding-bottom: 1px; width: 1%;"> </td> </tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; background-color: rgb(255, 255, 255); width: 40%;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; background-color: rgb(255, 255, 255); width: 1%;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; background-color: rgb(255, 255, 255); width: 1%;"> </td> <td style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; background-color: rgb(255, 255, 255); width: 7%;"><div style="display: inline; font-style: italic; font: inherit;"> </div></td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; background-color: rgb(255, 255, 255); width: 1%;"><div style="display: inline; font-weight: bold;"> </div></td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; background-color: rgb(255, 255, 255); width: 1%;"> </td> <td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; background-color: rgb(255, 255, 255); margin-left: 0pt; width: 1%;"> <div style=" background-color:#FFFFFF;font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-style: italic; font: inherit;">IKONICS</div></div></div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; background-color: rgb(255, 255, 255); width: 1%;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; background-color: rgb(255, 255, 255); width: 1%;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; background-color: rgb(255, 255, 255); width: 1%;"> </td> <td style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; background-color: rgb(255, 255, 255); width: 7%;"><div style="display: inline; font-style: italic; font: inherit;"> </div></td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; background-color: rgb(255, 255, 255); width: 1%;"><div style="display: inline; font-weight: bold;"> </div></td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; background-color: rgb(255, 255, 255); width: 1%;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; background-color: rgb(255, 255, 255); width: 1%;"> </td> <td style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; background-color: rgb(255, 255, 255); width: 7%;"><div style="display: inline; font-style: italic; font: inherit;"> </div></td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; background-color: rgb(255, 255, 255); width: 1%;"><div style="display: inline; font-weight: bold;"> </div></td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; background-color: rgb(255, 255, 255); width: 1%;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; background-color: rgb(255, 255, 255); width: 1%;"> </td> <td style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; background-color: rgb(255, 255, 255); width: 7%;"><div style="display: inline; font-style: italic; font: inherit;"> </div></td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; background-color: rgb(255, 255, 255); width: 1%;"><div style="display: inline; font-weight: bold;"> </div></td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; background-color: rgb(255, 255, 255); width: 1%;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; background-color: rgb(255, 255, 255); width: 1%;"> </td> <td style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; background-color: rgb(255, 255, 255); width: 7%;"><div style="display: inline; font-style: italic; font: inherit;"> </div></td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; background-color: rgb(255, 255, 255); width: 1%;"><div style="display: inline; font-weight: bold;"> </div></td> </tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; background-color: rgb(255, 255, 255); width: 40%;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; background-color: rgb(255, 255, 255); width: 1%;"> </td> <td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; background-color: rgb(255, 255, 255); margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0); width: 1%;"> <div style=" background-color:#FFFFFF;font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-style: italic; font: inherit;">Chromaline</div></div></div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; background-color: rgb(255, 255, 255); padding-bottom: 1px; width: 1%;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; background-color: rgb(255, 255, 255); width: 1%;"> </td> <td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; background-color: rgb(255, 255, 255); margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0); width: 1%;"> <div style=" background-color:#FFFFFF;font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-style: italic; font: inherit;">Imaging</div></div></div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; background-color: rgb(255, 255, 255); padding-bottom: 1px; width: 1%;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; background-color: rgb(255, 255, 255); width: 1%;"> </td> <td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; background-color: rgb(255, 255, 255); margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0); width: 1%;"> <div style=" background-color:#FFFFFF;font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-style: italic; font: inherit;">DTX</div></div></div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; background-color: rgb(255, 255, 255); padding-bottom: 1px; width: 1%;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; background-color: rgb(255, 255, 255); width: 1%;"> </td> <td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; background-color: rgb(255, 255, 255); margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0); width: 1%;"> <div style=" background-color:#FFFFFF;font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-style: italic; font: inherit;">AMS</div></div></div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; background-color: rgb(255, 255, 255); padding-bottom: 1px; width: 1%;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; background-color: rgb(255, 255, 255); width: 1%;"> </td> <td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; background-color: rgb(255, 255, 255); margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0); width: 1%;"> <div style=" background-color:#FFFFFF;font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-style: italic; font: inherit;">Unalloc.</div></div></div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; background-color: rgb(255, 255, 255); padding-bottom: 1px; width: 1%;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; background-color: rgb(255, 255, 255); width: 1%;"> </td> <td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; background-color: rgb(255, 255, 255); margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0); width: 1%;"> <div style=" background-color:#FFFFFF;font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-style: italic; font: inherit;">Total</div></div></div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; background-color: rgb(255, 255, 255); padding-bottom: 1px; width: 1%;"> </td> </tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; width: 40%;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Net sales</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">$</td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">2,051,047</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">$</td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">893,064</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">$</td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">62,024</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">$</td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">128,849</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">$</td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">—</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">$</td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">3,134,984</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> </tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; width: 40%;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Cost of goods sold</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">1,474,881</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">499,750</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">33,143</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">253,431</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">—</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">2,261,205</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt;" nowrap="nowrap"> </td> </tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; width: 40%;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Gross profit (loss)</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">576,166</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">393,314</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">28,881</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">(124,582</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap">)</td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">—</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">873,779</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> </tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; width: 40%;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Selling general and administrative*</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">234,884</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">180,285</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">27,567</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">51,644</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">485,393</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">979,773</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> </tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; width: 40%;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Research and development*</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">—</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">—</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">—</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">—</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">136,520</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">136,520</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt;" nowrap="nowrap"> </td> </tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; width: 40%;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Income (loss) from operations</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">341,282</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 3px; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">213,029</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 3px; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">1,314</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 3px; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">(176,226</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 3px; margin-left: 0pt;" nowrap="nowrap">)</td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">(621,913</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; padding-bottom: 3px;" nowrap="nowrap">)</td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">(242,514</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 3px; margin-left: 0pt;" nowrap="nowrap">)</td> </tr> </table></div><div style="display: inline; font-family: times new roman; font-size: 10pt"><table style="margin-right: 5%; margin-left: 36pt; font-size: 10pt; font-family: "Times New Roman", Times, serif; text-indent: 0px; min-; min-width: 700px;" cellspacing="0" cellpadding="0" border="0"> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; background-color: rgb(255, 255, 255);"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; background-color: rgb(255, 255, 255);"> </td> <td colspan="22" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; background-color: rgb(255, 255, 255); margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" background-color:#FFFFFF;font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-style: italic; font: inherit;"><div style="display: inline; font-style: italic; font: inherit;"><div style="display: inline; font-style: italic; font: inherit;"><div style="display: inline; font-style: italic; font: inherit;"><div style="display: inline; font-style: italic; font: inherit;"><div style="display: inline; font-style: italic; font: inherit;">IKONICS</div></div></div></div></div></div></div></div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; background-color: rgb(255, 255, 255); padding-bottom: 1px;"> </td> </tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; background-color: rgb(255, 255, 255);"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; background-color: rgb(255, 255, 255);"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; background-color: rgb(255, 255, 255);"> </td> <td style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; background-color: rgb(255, 255, 255);"><div style="display: inline; font-style: italic; font: inherit;"> </div></td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; background-color: rgb(255, 255, 255);"><div style="display: inline; font-weight: bold;"> </div></td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; background-color: rgb(255, 255, 255);"> </td> <td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; background-color: rgb(255, 255, 255); margin-left: 0pt;"> <div style=" background-color:#FFFFFF;font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-style: italic; font: inherit;">IKONICS</div></div></div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; background-color: rgb(255, 255, 255);"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; background-color: rgb(255, 255, 255);"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; background-color: rgb(255, 255, 255);"> </td> <td style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; background-color: rgb(255, 255, 255);"><div style="display: inline; font-style: italic; font: inherit;"> </div></td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; background-color: rgb(255, 255, 255);"><div style="display: inline; font-weight: bold;"> </div></td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; background-color: rgb(255, 255, 255);"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; background-color: rgb(255, 255, 255);"> </td> <td style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; background-color: rgb(255, 255, 255);"><div style="display: inline; font-style: italic; font: inherit;"> </div></td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; background-color: rgb(255, 255, 255);"><div style="display: inline; font-weight: bold;"> </div></td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; background-color: rgb(255, 255, 255);"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; background-color: rgb(255, 255, 255);"> </td> <td style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; background-color: rgb(255, 255, 255);"><div style="display: inline; font-style: italic; font: inherit;"> </div></td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; background-color: rgb(255, 255, 255);"><div style="display: inline; font-weight: bold;"> </div></td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; background-color: rgb(255, 255, 255);"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; background-color: rgb(255, 255, 255);"> </td> <td style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; background-color: rgb(255, 255, 255);"><div style="display: inline; font-style: italic; font: inherit;"> </div></td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; background-color: rgb(255, 255, 255);"><div style="display: inline; font-weight: bold;"> </div></td> </tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; background-color: rgb(255, 255, 255);"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; background-color: rgb(255, 255, 255);"> </td> <td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; background-color: rgb(255, 255, 255); margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" background-color:#FFFFFF;font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-style: italic; font: inherit;">Chromaline</div></div></div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; background-color: rgb(255, 255, 255); padding-bottom: 1px;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; background-color: rgb(255, 255, 255);"> </td> <td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; background-color: rgb(255, 255, 255); margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" background-color:#FFFFFF;font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-style: italic; font: inherit;">Imaging</div></div></div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; background-color: rgb(255, 255, 255); padding-bottom: 1px;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; background-color: rgb(255, 255, 255);"> </td> <td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; background-color: rgb(255, 255, 255); margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" background-color:#FFFFFF;font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-style: italic; font: inherit;">DTX</div></div></div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; background-color: rgb(255, 255, 255); padding-bottom: 1px;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; background-color: rgb(255, 255, 255);"> </td> <td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; background-color: rgb(255, 255, 255); margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" background-color:#FFFFFF;font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-style: italic; font: inherit;">AMS</div></div></div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; background-color: rgb(255, 255, 255); padding-bottom: 1px;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; background-color: rgb(255, 255, 255);"> </td> <td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; background-color: rgb(255, 255, 255); margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" background-color:#FFFFFF;font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-style: italic; font: inherit;">Unalloc.</div></div></div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; background-color: rgb(255, 255, 255); padding-bottom: 1px;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; background-color: rgb(255, 255, 255);"> </td> <td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; background-color: rgb(255, 255, 255); margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" background-color:#FFFFFF;font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-style: italic; font: inherit;">Total</div></div></div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; background-color: rgb(255, 255, 255); padding-bottom: 1px;"> </td> </tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; width: 40%;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Net sales</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">$</td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">2,869,664</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">$</td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">1,117,209</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">$</td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">84,661</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">$</td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">458,827</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">$</td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">—</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">$</td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">4,530,361</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> </tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Cost of goods sold</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">2,115,702</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">628,325</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">31,217</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">343,055</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">—</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">3,118,299</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt;" nowrap="nowrap"> </td> </tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Gross profit</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">753,962</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">488,884</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">53,444</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">115,772</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">—</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">1,412,062</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> </tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Selling general and administrative*</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">452,592</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">248,780</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">41,866</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">89,597</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">514,569</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">1,347,404</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> </tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Research and development*</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">—</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">—</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">—</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">—</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">218,467</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">218,467</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt;" nowrap="nowrap"> </td> </tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Income (loss) from operations</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">301,370</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 3px; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">240,104</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 3px; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">11,578</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 3px; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">26,175</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; padding-bottom: 3px;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">(733,036</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; padding-bottom: 3px;" nowrap="nowrap">)</td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">(153,809</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 3px; margin-left: 0pt;" nowrap="nowrap">)</td> </tr> </table></div><div style="display: inline; font-family: times new roman; font-size: 10pt"><table style="margin-right: 5%; margin-left: 36pt; font-size: 10pt; font-family: "Times New Roman", Times, serif; text-indent: 0px; min-; min-width: 700px;" cellspacing="0" cellpadding="0" border="0"> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td colspan="22" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-style: italic; font: inherit;"><div style="display: inline; font-style: italic; font: inherit;"><div style="display: inline; font-style: italic; font: inherit;"><div style="display: inline; font-style: italic; font: inherit;"><div style="display: inline; font-style: italic; font: inherit;"><div style="display: inline; font-style: italic; font: inherit;">IKONICS</div></div></div></div></div></div></div></div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px;"> </td> </tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt;"><div style="display: inline; font-style: italic; font: inherit;"> </div></td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"><div style="display: inline; font-weight: bold;"> </div></td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-style: italic; font: inherit;">IKONICS</div></div></div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt;"><div style="display: inline; font-style: italic; font: inherit;"> </div></td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"><div style="display: inline; font-weight: bold;"> </div></td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt;"><div style="display: inline; font-style: italic; font: inherit;"> </div></td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"><div style="display: inline; font-weight: bold;"> </div></td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt;"><div style="display: inline; font-style: italic; font: inherit;"> </div></td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"><div style="display: inline; font-weight: bold;"> </div></td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt;"><div style="display: inline; font-style: italic; font: inherit;"> </div></td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"><div style="display: inline; font-weight: bold;"> </div></td> </tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-style: italic; font: inherit;">Chromaline</div></div></div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-style: italic; font: inherit;">Imaging</div></div></div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-style: italic; font: inherit;">DTX</div></div></div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-style: italic; font: inherit;">AMS</div></div></div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-style: italic; font: inherit;">Unalloc.</div></div></div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-style: italic; font: inherit;">Total</div></div></div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px;"> </td> </tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; width: 40%;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Net sales</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">$</td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">5,635,373</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">$</td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">2,488,963</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">$</td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">223,606</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">$</td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">856,673</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">$</td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">—</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">$</td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">9,204,615</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> </tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Cost of goods sold</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">4,300,512</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">1,397,458</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">109,235</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">985,504</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">—</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">6,792,709</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt;" nowrap="nowrap"> </td> </tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Gross profit (loss)</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">1,334,861</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">1,091,505</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">114,371</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">(128,831</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap">)</td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">—</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">2,411,906</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> </tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Selling general and administrative*</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">1,027,239</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">683,720</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">91,999</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">211,788</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">1,948,354</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">3,963,100</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> </tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Research and development*</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">—</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">—</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">—</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">—</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">521,334</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">521,334</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt;" nowrap="nowrap"> </td> </tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Income (loss) from operations</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">307,622</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 3px; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">407,785</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 3px; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">22,372</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 3px; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">(340,619</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; padding-bottom: 3px;" nowrap="nowrap">)</td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">(2,469,688</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; padding-bottom: 3px;" nowrap="nowrap">)</td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">(2,072,528</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; padding-bottom: 3px;" nowrap="nowrap">)</td> </tr> </table></div><div style="display: inline; font-family: times new roman; font-size: 10pt"><table style="margin-right: 5%; margin-left: 36pt; font-size: 10pt; font-family: "Times New Roman", Times, serif; text-indent: 0px; min-; min-width: 700px;" cellspacing="0" cellpadding="0" border="0"> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td colspan="22" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-style: italic; font: inherit;"><div style="display: inline; font-style: italic; font: inherit;"><div style="display: inline; font-style: italic; font: inherit;"><div style="display: inline; font-style: italic; font: inherit;"><div style="display: inline; font-style: italic; font: inherit;"><div style="display: inline; font-style: italic; font: inherit;">IKONICS</div></div></div></div></div></div></div></div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px;"> </td> </tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt;"><div style="display: inline; font-style: italic; font: inherit;"> </div></td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"><div style="display: inline; font-weight: bold;"> </div></td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-style: italic; font: inherit;">IKONICS</div></div></div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt;"><div style="display: inline; font-style: italic; font: inherit;"> </div></td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"><div style="display: inline; font-weight: bold;"> </div></td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt;"><div style="display: inline; font-style: italic; font: inherit;"> </div></td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"><div style="display: inline; font-weight: bold;"> </div></td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt;"><div style="display: inline; font-style: italic; font: inherit;"> </div></td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"><div style="display: inline; font-weight: bold;"> </div></td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt;"><div style="display: inline; font-style: italic; font: inherit;"> </div></td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"><div style="display: inline; font-weight: bold;"> </div></td> </tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-style: italic; font: inherit;">Chromaline</div></div></div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-style: italic; font: inherit;">Imaging</div></div></div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-style: italic; font: inherit;">DTX</div></div></div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-style: italic; font: inherit;">AMS</div></div></div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-style: italic; font: inherit;">Unalloc.</div></div></div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-style: italic; font: inherit;">Total</div></div></div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px;"> </td> </tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; width: 40%;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Net sales</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">$</td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">8,006,121</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">$</td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">3,164,143</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">$</td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">290,022</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">$</td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">1,195,177</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">$</td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">—</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">$</td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">12,655,463</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> </tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Cost of goods sold</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">5,949,536</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">1,714,835</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">116,810</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">1,024,672</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">—</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">8,805,853</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt;" nowrap="nowrap"> </td> </tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Gross profit</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">2,056,585</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">1,449,308</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">173,212</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">170,505</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">—</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">3,849,610</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> </tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Selling general and administrative*</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">1,364,685</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">819,284</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">111,232</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">266,107</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">1,506,922</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">4,068,230</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> </tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Research and development*</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">—</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">—</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">—</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">—</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">667,774</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">667,774</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt;" nowrap="nowrap"> </td> </tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Income (loss) from operations</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">691,900</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 3px; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">630,024</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 3px; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">61,980</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 3px; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">(95,602</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; padding-bottom: 3px;" nowrap="nowrap">)</td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">(2,174,696</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; padding-bottom: 3px;" nowrap="nowrap">)</td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">(886,394</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; padding-bottom: 3px;" nowrap="nowrap">)</td> </tr> </table></div><div style="display: inline; font-family: times new roman; font-size: 10pt"><table style="margin-right: 5%; margin-left: 36pt; font-size: 10pt; font-family: "Times New Roman", Times, serif; text-indent: 0px; min-; min-width: 700px;" cellspacing="0" cellpadding="0" border="0"> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; background-color: rgb(255, 255, 255);"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; background-color: rgb(255, 255, 255);"> </td> <td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; background-color: rgb(255, 255, 255); margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" background-color:#FFFFFF;font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-style: italic; font: inherit;">Sep 30, 2020</div></div></div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; background-color: rgb(255, 255, 255); padding-bottom: 1px;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; background-color: rgb(255, 255, 255);"> </td> <td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; background-color: rgb(255, 255, 255); margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" background-color:#FFFFFF;font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-style: italic; font: inherit;">Dec 31, 2019</div></div></div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; background-color: rgb(255, 255, 255); padding-bottom: 1px;"> </td> </tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; width: 68%;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Chromaline</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">$</td> <td style="width: 13%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">1,082,145</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">$</td> <td style="width: 13%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">1,916,066</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> </tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">IKONICS Imaging</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 13%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">299,256</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 13%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">304,791</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> </tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">DTX</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 13%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">34,314</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 13%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">13,919</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> </tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">AMS</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 13%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">68,026</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 13%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">252,363</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> </tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Unallocated</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 13%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">(66,524</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; padding-bottom: 1px;" nowrap="nowrap">)</td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 13%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">(52,421</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; padding-bottom: 1px;" nowrap="nowrap">)</td> </tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Total</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td> <td style="width: 13%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">1,417,217</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 3px; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td> <td style="width: 13%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">2,434,718</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 3px; margin-left: 0pt;" nowrap="nowrap"> </td> </tr> </table></div>

<div style="display: inline; font-family: times new roman; font-size: 10pt"><table style="margin-right: 10%; margin-left: 36pt; font-size: 10pt; font-family: "Times New Roman", Times, serif; text-indent: 0px; min-; min-width: 700px;" cellspacing="0" cellpadding="0" border="0"> <tr style="vertical-align: bottom;"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-weight: bold;">2020</div></div></div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-weight: bold;">2019</div></div></div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; width: 66%;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Dividend yield</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 14%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; text-align: center;"><div style="display: inline; font-style: italic; font: inherit;">0</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 14%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; text-align: center;"><div style="display: inline; font-style: italic; font: inherit;">0</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Expected volatility</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 14%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; text-align: center;"><div style="display: inline; font-style: italic; font: inherit;">40.3</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap">%</td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 14%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; text-align: center;"><div style="display: inline; font-style: italic; font: inherit;">37.5</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap">%</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Expected life of option (years)</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 14%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; text-align: center;"><div style="display: inline; font-style: italic; font: inherit;">10</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 14%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; text-align: center;"><div style="display: inline; font-style: italic; font: inherit;">5</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Risk-free interest rate</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 14%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; text-align: center;"><div style="display: inline; font-style: italic; font: inherit;">1.4</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap">%</td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 14%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; text-align: center;"><div style="display: inline; font-style: italic; font: inherit;">1.7</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap">%</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Fair value of each option on grant date</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">$</td> <td style="width: 14%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; text-align: center;"><div style="display: inline; font-style: italic; font: inherit;">2.90</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">$</td> <td style="width: 14%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; text-align: center;"><div style="display: inline; font-style: italic; font: inherit;">2.53</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> </tr> </table></div>

<div style="display: inline; font-family: times new roman; font-size: 10pt"><table style="; text-indent: 0px; min-width: 700px;" cellspacing="0" cellpadding="0" border="0"> <tr style="vertical-align: top;"> <td style="width: 36pt;"> <div style=" margin: 0pt; text-align: left; font-family: "Times New Roman", Times, serif; font-size: 10pt;"><div style="display: inline; font-style: italic; font: inherit;">5.</div></div> </td> <td> <div style=" margin: 0pt; text-align: left; font-family: "Times New Roman", Times, serif; font-size: 10pt;">Segment Information</div> </td> </tr> </table> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">  </div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:35pt;margin-right:0pt;margin-top:0pt;text-align:left;">The Company's reportable segments are strategic business units that offer different products and have varied customer bases.  There are <div style="display: inline; font-style: italic; font: inherit;">four</div> reportable segments:  Chromaline, IKONICS Imaging, Digital Texturing (DTX) and Advanced Material Solutions (AMS).  Chromaline sells screen printing film, emulsions, and inkjet receptive film primarily to distributors and some end users.  IKONICS Imaging sells photo resistant film, art supplies, glass, and related abrasive etching equipment to both end users and distributors.  AMS provides sound deadening and weight reduction technology to the aerospace industry along with products and services for etched composites, ceramics, glass and silicon wafers.  DTX includes products and customers related to patented and proprietary inkjet technology used for mold texturing and prototyping.   The accounting policies applied to determine the segment information are the same as those described in the Company's Annual Report on Form <div style="display: inline; font-style: italic; font: inherit;">10</div>-K for the year ended <div style="display: inline; font-style: italic; font: inherit;"> December 31, 2019.</div></div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:35pt;margin-right:0pt;margin-top:0pt;text-align:left;">  </div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:35.3pt;margin-right:0pt;margin-top:0pt;text-align:left;">Management evaluates the performance of each segment based on the components of divisional income (loss).  Assets and liabilities are <div style="display: inline; font-style: italic; font: inherit;">not</div> allocated to segments, except for trade receivables.  Financial information with respect to the reportable segments follows:</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:35.3pt;margin-right:0pt;margin-top:0pt;text-align:left;">  </div> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin: 0pt 0pt 0pt 36pt; text-align: left;"><div style="display: inline; font-weight: bold;">For the <div style="display: inline; font-style: italic; font: inherit;">three</div> months ended <div style="display: inline; font-style: italic; font: inherit;"> September 30, 2020:</div></div> </div> <div> <table style="margin-right: 5%; margin-left: 36pt; font-size: 10pt; font-family: "Times New Roman", Times, serif; text-indent: 0px; min-width: 700px;" cellspacing="0" cellpadding="0" border="0"> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; background-color: rgb(255, 255, 255); width: 40%;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; background-color: rgb(255, 255, 255); width: 1%;"> </td> <td colspan="22" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; background-color: rgb(255, 255, 255); margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0); width: 51%;"> <div style=" background-color:#FFFFFF;font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-style: italic; font: inherit;"><div style="display: inline; font-style: italic; font: inherit;"><div style="display: inline; font-style: italic; font: inherit;"><div style="display: inline; font-style: italic; font: inherit;"><div style="display: inline; font-style: italic; font: inherit;"><div style="display: inline; font-style: italic; font: inherit;">IKONICS</div></div></div></div></div></div></div></div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; background-color: rgb(255, 255, 255); padding-bottom: 1px; width: 1%;"> </td> </tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; background-color: rgb(255, 255, 255); width: 40%;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; background-color: rgb(255, 255, 255); width: 1%;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; background-color: rgb(255, 255, 255); width: 1%;"> </td> <td style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; background-color: rgb(255, 255, 255); width: 7%;"><div style="display: inline; font-style: italic; font: inherit;"> </div></td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; background-color: rgb(255, 255, 255); width: 1%;"><div style="display: inline; font-weight: bold;"> </div></td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; background-color: rgb(255, 255, 255); width: 1%;"> </td> <td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; background-color: rgb(255, 255, 255); margin-left: 0pt; width: 1%;"> <div style=" background-color:#FFFFFF;font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-style: italic; font: inherit;">IKONICS</div></div></div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; background-color: rgb(255, 255, 255); width: 1%;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; background-color: rgb(255, 255, 255); width: 1%;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; background-color: rgb(255, 255, 255); width: 1%;"> </td> <td style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; background-color: rgb(255, 255, 255); width: 7%;"><div style="display: inline; font-style: italic; font: inherit;"> </div></td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; background-color: rgb(255, 255, 255); width: 1%;"><div style="display: inline; font-weight: bold;"> </div></td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; background-color: rgb(255, 255, 255); width: 1%;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; background-color: rgb(255, 255, 255); width: 1%;"> </td> <td style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; background-color: rgb(255, 255, 255); width: 7%;"><div style="display: inline; font-style: italic; font: inherit;"> </div></td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; background-color: rgb(255, 255, 255); width: 1%;"><div style="display: inline; font-weight: bold;"> </div></td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; background-color: rgb(255, 255, 255); width: 1%;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; background-color: rgb(255, 255, 255); width: 1%;"> </td> <td style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; background-color: rgb(255, 255, 255); width: 7%;"><div style="display: inline; font-style: italic; font: inherit;"> </div></td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; background-color: rgb(255, 255, 255); width: 1%;"><div style="display: inline; font-weight: bold;"> </div></td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; background-color: rgb(255, 255, 255); width: 1%;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; background-color: rgb(255, 255, 255); width: 1%;"> </td> <td style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; background-color: rgb(255, 255, 255); width: 7%;"><div style="display: inline; font-style: italic; font: inherit;"> </div></td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; background-color: rgb(255, 255, 255); width: 1%;"><div style="display: inline; font-weight: bold;"> </div></td> </tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; background-color: rgb(255, 255, 255); width: 40%;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; background-color: rgb(255, 255, 255); width: 1%;"> </td> <td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; background-color: rgb(255, 255, 255); margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0); width: 1%;"> <div style=" background-color:#FFFFFF;font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-style: italic; font: inherit;">Chromaline</div></div></div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; background-color: rgb(255, 255, 255); padding-bottom: 1px; width: 1%;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; background-color: rgb(255, 255, 255); width: 1%;"> </td> <td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; background-color: rgb(255, 255, 255); margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0); width: 1%;"> <div style=" background-color:#FFFFFF;font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-style: italic; font: inherit;">Imaging</div></div></div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; background-color: rgb(255, 255, 255); padding-bottom: 1px; width: 1%;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; background-color: rgb(255, 255, 255); width: 1%;"> </td> <td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; background-color: rgb(255, 255, 255); margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0); width: 1%;"> <div style=" background-color:#FFFFFF;font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-style: italic; font: inherit;">DTX</div></div></div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; background-color: rgb(255, 255, 255); padding-bottom: 1px; width: 1%;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; background-color: rgb(255, 255, 255); width: 1%;"> </td> <td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; background-color: rgb(255, 255, 255); margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0); width: 1%;"> <div style=" background-color:#FFFFFF;font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-style: italic; font: inherit;">AMS</div></div></div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; background-color: rgb(255, 255, 255); padding-bottom: 1px; width: 1%;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; background-color: rgb(255, 255, 255); width: 1%;"> </td> <td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; background-color: rgb(255, 255, 255); margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0); width: 1%;"> <div style=" background-color:#FFFFFF;font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-style: italic; font: inherit;">Unalloc.</div></div></div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; background-color: rgb(255, 255, 255); padding-bottom: 1px; width: 1%;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; background-color: rgb(255, 255, 255); width: 1%;"> </td> <td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; background-color: rgb(255, 255, 255); margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0); width: 1%;"> <div style=" background-color:#FFFFFF;font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-style: italic; font: inherit;">Total</div></div></div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; background-color: rgb(255, 255, 255); padding-bottom: 1px; width: 1%;"> </td> </tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; width: 40%;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Net sales</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">$</td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">2,051,047</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">$</td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">893,064</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">$</td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">62,024</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">$</td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">128,849</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">$</td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">—</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">$</td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">3,134,984</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> </tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; width: 40%;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Cost of goods sold</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">1,474,881</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">499,750</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">33,143</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">253,431</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">—</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">2,261,205</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt;" nowrap="nowrap"> </td> </tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; width: 40%;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Gross profit (loss)</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">576,166</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">393,314</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">28,881</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">(124,582</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap">)</td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">—</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">873,779</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> </tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; width: 40%;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Selling general and administrative*</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">234,884</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">180,285</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">27,567</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">51,644</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">485,393</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">979,773</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> </tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; width: 40%;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Research and development*</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">—</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">—</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">—</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">—</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">136,520</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">136,520</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt;" nowrap="nowrap"> </td> </tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; width: 40%;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Income (loss) from operations</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">341,282</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 3px; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">213,029</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 3px; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">1,314</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 3px; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">(176,226</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 3px; margin-left: 0pt;" nowrap="nowrap">)</td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">(621,913</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; padding-bottom: 3px;" nowrap="nowrap">)</td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">(242,514</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 3px; margin-left: 0pt;" nowrap="nowrap">)</td> </tr> </table> </div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">    </div> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin: 0pt 0pt 0pt 36pt; text-align: left;"><div style="display: inline; font-weight: bold;">For the <div style="display: inline; font-style: italic; font: inherit;">three</div> months ended <div style="display: inline; font-style: italic; font: inherit;"> September 30, 2019:</div></div> </div> <div> <table style="margin-right: 5%; margin-left: 36pt; font-size: 10pt; font-family: "Times New Roman", Times, serif; text-indent: 0px; min-width: 700px;" cellspacing="0" cellpadding="0" border="0"> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; background-color: rgb(255, 255, 255);"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; background-color: rgb(255, 255, 255);"> </td> <td colspan="22" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; background-color: rgb(255, 255, 255); margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" background-color:#FFFFFF;font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-style: italic; font: inherit;"><div style="display: inline; font-style: italic; font: inherit;"><div style="display: inline; font-style: italic; font: inherit;"><div style="display: inline; font-style: italic; font: inherit;"><div style="display: inline; font-style: italic; font: inherit;"><div style="display: inline; font-style: italic; font: inherit;">IKONICS</div></div></div></div></div></div></div></div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; background-color: rgb(255, 255, 255); padding-bottom: 1px;"> </td> </tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; background-color: rgb(255, 255, 255);"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; background-color: rgb(255, 255, 255);"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; background-color: rgb(255, 255, 255);"> </td> <td style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; background-color: rgb(255, 255, 255);"><div style="display: inline; font-style: italic; font: inherit;"> </div></td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; background-color: rgb(255, 255, 255);"><div style="display: inline; font-weight: bold;"> </div></td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; background-color: rgb(255, 255, 255);"> </td> <td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; background-color: rgb(255, 255, 255); margin-left: 0pt;"> <div style=" background-color:#FFFFFF;font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-style: italic; font: inherit;">IKONICS</div></div></div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; background-color: rgb(255, 255, 255);"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; background-color: rgb(255, 255, 255);"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; background-color: rgb(255, 255, 255);"> </td> <td style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; background-color: rgb(255, 255, 255);"><div style="display: inline; font-style: italic; font: inherit;"> </div></td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; background-color: rgb(255, 255, 255);"><div style="display: inline; font-weight: bold;"> </div></td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; background-color: rgb(255, 255, 255);"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; background-color: rgb(255, 255, 255);"> </td> <td style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; background-color: rgb(255, 255, 255);"><div style="display: inline; font-style: italic; font: inherit;"> </div></td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; background-color: rgb(255, 255, 255);"><div style="display: inline; font-weight: bold;"> </div></td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; background-color: rgb(255, 255, 255);"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; background-color: rgb(255, 255, 255);"> </td> <td style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; background-color: rgb(255, 255, 255);"><div style="display: inline; font-style: italic; font: inherit;"> </div></td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; background-color: rgb(255, 255, 255);"><div style="display: inline; font-weight: bold;"> </div></td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; background-color: rgb(255, 255, 255);"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; background-color: rgb(255, 255, 255);"> </td> <td style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; background-color: rgb(255, 255, 255);"><div style="display: inline; font-style: italic; font: inherit;"> </div></td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; background-color: rgb(255, 255, 255);"><div style="display: inline; font-weight: bold;"> </div></td> </tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; background-color: rgb(255, 255, 255);"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; background-color: rgb(255, 255, 255);"> </td> <td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; background-color: rgb(255, 255, 255); margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" background-color:#FFFFFF;font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-style: italic; font: inherit;">Chromaline</div></div></div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; background-color: rgb(255, 255, 255); padding-bottom: 1px;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; background-color: rgb(255, 255, 255);"> </td> <td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; background-color: rgb(255, 255, 255); margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" background-color:#FFFFFF;font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-style: italic; font: inherit;">Imaging</div></div></div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; background-color: rgb(255, 255, 255); padding-bottom: 1px;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; background-color: rgb(255, 255, 255);"> </td> <td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; background-color: rgb(255, 255, 255); margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" background-color:#FFFFFF;font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-style: italic; font: inherit;">DTX</div></div></div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; background-color: rgb(255, 255, 255); padding-bottom: 1px;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; background-color: rgb(255, 255, 255);"> </td> <td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; background-color: rgb(255, 255, 255); margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" background-color:#FFFFFF;font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-style: italic; font: inherit;">AMS</div></div></div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; background-color: rgb(255, 255, 255); padding-bottom: 1px;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; background-color: rgb(255, 255, 255);"> </td> <td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; background-color: rgb(255, 255, 255); margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" background-color:#FFFFFF;font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-style: italic; font: inherit;">Unalloc.</div></div></div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; background-color: rgb(255, 255, 255); padding-bottom: 1px;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; background-color: rgb(255, 255, 255);"> </td> <td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; background-color: rgb(255, 255, 255); margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" background-color:#FFFFFF;font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-style: italic; font: inherit;">Total</div></div></div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; background-color: rgb(255, 255, 255); padding-bottom: 1px;"> </td> </tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; width: 40%;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Net sales</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">$</td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">2,869,664</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">$</td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">1,117,209</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">$</td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">84,661</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">$</td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">458,827</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">$</td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">—</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">$</td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">4,530,361</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> </tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Cost of goods sold</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">2,115,702</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">628,325</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">31,217</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">343,055</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">—</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">3,118,299</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt;" nowrap="nowrap"> </td> </tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Gross profit</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">753,962</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">488,884</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">53,444</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">115,772</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">—</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">1,412,062</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> </tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Selling general and administrative*</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">452,592</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">248,780</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">41,866</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">89,597</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">514,569</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">1,347,404</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> </tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Research and development*</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">—</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">—</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">—</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">—</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">218,467</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">218,467</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt;" nowrap="nowrap"> </td> </tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Income (loss) from operations</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">301,370</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 3px; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">240,104</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 3px; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">11,578</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 3px; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">26,175</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; padding-bottom: 3px;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">(733,036</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; padding-bottom: 3px;" nowrap="nowrap">)</td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">(153,809</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 3px; margin-left: 0pt;" nowrap="nowrap">)</td> </tr> </table> </div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;"> </div> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin: 0pt 0pt 0pt 36pt; text-align: left;"><div style="display: inline; font-weight: bold;">For the <div style="display: inline; font-style: italic; font: inherit;">nine</div> months ended <div style="display: inline; font-style: italic; font: inherit;"> September 30, 2020:</div></div> </div> <div> <table style="margin-right: 5%; margin-left: 36pt; font-size: 10pt; font-family: "Times New Roman", Times, serif; text-indent: 0px; min-width: 700px;" cellspacing="0" cellpadding="0" border="0"> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td colspan="22" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-style: italic; font: inherit;"><div style="display: inline; font-style: italic; font: inherit;"><div style="display: inline; font-style: italic; font: inherit;"><div style="display: inline; font-style: italic; font: inherit;"><div style="display: inline; font-style: italic; font: inherit;"><div style="display: inline; font-style: italic; font: inherit;">IKONICS</div></div></div></div></div></div></div></div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px;"> </td> </tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt;"><div style="display: inline; font-style: italic; font: inherit;"> </div></td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"><div style="display: inline; font-weight: bold;"> </div></td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-style: italic; font: inherit;">IKONICS</div></div></div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt;"><div style="display: inline; font-style: italic; font: inherit;"> </div></td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"><div style="display: inline; font-weight: bold;"> </div></td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt;"><div style="display: inline; font-style: italic; font: inherit;"> </div></td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"><div style="display: inline; font-weight: bold;"> </div></td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt;"><div style="display: inline; font-style: italic; font: inherit;"> </div></td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"><div style="display: inline; font-weight: bold;"> </div></td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt;"><div style="display: inline; font-style: italic; font: inherit;"> </div></td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"><div style="display: inline; font-weight: bold;"> </div></td> </tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-style: italic; font: inherit;">Chromaline</div></div></div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-style: italic; font: inherit;">Imaging</div></div></div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-style: italic; font: inherit;">DTX</div></div></div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-style: italic; font: inherit;">AMS</div></div></div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-style: italic; font: inherit;">Unalloc.</div></div></div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-style: italic; font: inherit;">Total</div></div></div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px;"> </td> </tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; width: 40%;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Net sales</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">$</td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">5,635,373</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">$</td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">2,488,963</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">$</td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">223,606</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">$</td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">856,673</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">$</td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">—</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">$</td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">9,204,615</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> </tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Cost of goods sold</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">4,300,512</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">1,397,458</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">109,235</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">985,504</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">—</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">6,792,709</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt;" nowrap="nowrap"> </td> </tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Gross profit (loss)</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">1,334,861</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">1,091,505</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">114,371</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">(128,831</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap">)</td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">—</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">2,411,906</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> </tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Selling general and administrative*</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">1,027,239</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">683,720</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">91,999</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">211,788</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">1,948,354</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">3,963,100</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> </tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Research and development*</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">—</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">—</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">—</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">—</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">521,334</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">521,334</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt;" nowrap="nowrap"> </td> </tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Income (loss) from operations</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">307,622</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 3px; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">407,785</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 3px; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">22,372</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 3px; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">(340,619</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; padding-bottom: 3px;" nowrap="nowrap">)</td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">(2,469,688</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; padding-bottom: 3px;" nowrap="nowrap">)</td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">(2,072,528</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; padding-bottom: 3px;" nowrap="nowrap">)</td> </tr> </table> </div> <div style=" margin: 0pt; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </div> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin: 0pt 0pt 0pt 36pt; text-align: left;"><div style="display: inline; font-weight: bold;">For the <div style="display: inline; font-style: italic; font: inherit;">nine</div> months ended <div style="display: inline; font-style: italic; font: inherit;"> September 30, 2019:</div></div> </div> <div> <table style="margin-right: 5%; margin-left: 36pt; font-size: 10pt; font-family: "Times New Roman", Times, serif; text-indent: 0px; min-width: 700px;" cellspacing="0" cellpadding="0" border="0"> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td colspan="22" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-style: italic; font: inherit;"><div style="display: inline; font-style: italic; font: inherit;"><div style="display: inline; font-style: italic; font: inherit;"><div style="display: inline; font-style: italic; font: inherit;"><div style="display: inline; font-style: italic; font: inherit;"><div style="display: inline; font-style: italic; font: inherit;">IKONICS</div></div></div></div></div></div></div></div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px;"> </td> </tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt;"><div style="display: inline; font-style: italic; font: inherit;"> </div></td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"><div style="display: inline; font-weight: bold;"> </div></td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-style: italic; font: inherit;">IKONICS</div></div></div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt;"><div style="display: inline; font-style: italic; font: inherit;"> </div></td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"><div style="display: inline; font-weight: bold;"> </div></td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt;"><div style="display: inline; font-style: italic; font: inherit;"> </div></td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"><div style="display: inline; font-weight: bold;"> </div></td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt;"><div style="display: inline; font-style: italic; font: inherit;"> </div></td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"><div style="display: inline; font-weight: bold;"> </div></td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt;"><div style="display: inline; font-style: italic; font: inherit;"> </div></td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"><div style="display: inline; font-weight: bold;"> </div></td> </tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-style: italic; font: inherit;">Chromaline</div></div></div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-style: italic; font: inherit;">Imaging</div></div></div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-style: italic; font: inherit;">DTX</div></div></div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-style: italic; font: inherit;">AMS</div></div></div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-style: italic; font: inherit;">Unalloc.</div></div></div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-style: italic; font: inherit;">Total</div></div></div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px;"> </td> </tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; width: 40%;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Net sales</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">$</td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">8,006,121</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">$</td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">3,164,143</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">$</td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">290,022</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">$</td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">1,195,177</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">$</td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">—</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">$</td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">12,655,463</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> </tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Cost of goods sold</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">5,949,536</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">1,714,835</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">116,810</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">1,024,672</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">—</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">8,805,853</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt;" nowrap="nowrap"> </td> </tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Gross profit</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">2,056,585</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">1,449,308</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">173,212</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">170,505</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">—</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">3,849,610</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> </tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Selling general and administrative*</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">1,364,685</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">819,284</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">111,232</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">266,107</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">1,506,922</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">4,068,230</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> </tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Research and development*</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">—</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">—</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">—</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">—</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">667,774</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">667,774</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt;" nowrap="nowrap"> </td> </tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Income (loss) from operations</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">691,900</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 3px; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">630,024</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 3px; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">61,980</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 3px; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">(95,602</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; padding-bottom: 3px;" nowrap="nowrap">)</td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">(2,174,696</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; padding-bottom: 3px;" nowrap="nowrap">)</td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td> <td style="width: 7%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">(886,394</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; padding-bottom: 3px;" nowrap="nowrap">)</td> </tr> </table> </div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;"> </div> <hr style="text-align: left; height: 1px; color: #000000; background-color: #000000; width: 10%; border: none; margin: 3pt auto 3pt 0" /> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:18pt;margin-right:0pt;margin-top:0pt;text-align:left;text-indent:-18pt;">*The Company does <div style="display: inline; font-style: italic; font: inherit;">not</div> allocate all selling, general and administrative expenses or any research and development expenses to its operating segments for internal reporting.</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:18pt;margin-right:0pt;margin-top:0pt;text-align:left;text-indent:-18pt;"> </div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;"></div> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin: 0pt 0pt 0pt 36pt; text-align: left;">Trade receivables by segment as of <div style="display: inline; font-style: italic; font: inherit;"> September 30, 2020 </div>and <div style="display: inline; font-style: italic; font: inherit;"> December 31, 2019 </div>were as follows:</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:28.8pt;margin-right:0pt;margin-top:0pt;text-align:left;text-indent:-0.3pt;">  </div> <div> <table style="margin-right: 5%; margin-left: 36pt; font-size: 10pt; font-family: "Times New Roman", Times, serif; text-indent: 0px; min-width: 700px;" cellspacing="0" cellpadding="0" border="0"> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; background-color: rgb(255, 255, 255);"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; background-color: rgb(255, 255, 255);"> </td> <td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; background-color: rgb(255, 255, 255); margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" background-color:#FFFFFF;font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-style: italic; font: inherit;">Sep 30, 2020</div></div></div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; background-color: rgb(255, 255, 255); padding-bottom: 1px;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; background-color: rgb(255, 255, 255);"> </td> <td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; background-color: rgb(255, 255, 255); margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" background-color:#FFFFFF;font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-style: italic; font: inherit;">Dec 31, 2019</div></div></div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; background-color: rgb(255, 255, 255); padding-bottom: 1px;"> </td> </tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; width: 68%;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Chromaline</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">$</td> <td style="width: 13%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">1,082,145</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">$</td> <td style="width: 13%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">1,916,066</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> </tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">IKONICS Imaging</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 13%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">299,256</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 13%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">304,791</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> </tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">DTX</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 13%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">34,314</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 13%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">13,919</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> </tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">AMS</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 13%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">68,026</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 13%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">252,363</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap"> </td> </tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Unallocated</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 13%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">(66,524</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; padding-bottom: 1px;" nowrap="nowrap">)</td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 13%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">(52,421</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; padding-bottom: 1px;" nowrap="nowrap">)</td> </tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Total</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td> <td style="width: 13%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">1,417,217</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 3px; margin-left: 0pt;" nowrap="nowrap"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td> <td style="width: 13%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">2,434,718</div></td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 3px; margin-left: 0pt;" nowrap="nowrap"> </td> </tr> </table> </div></div>

234884

180285

27567

51644

485393

979773

452592

248780

41866

89597

514569

1347404

1027239

683720

91999

211788

1948354

3963100

1364685

819284

111232

266107

1506922

4068230

10138

6330

0.403

0.375

0.014

0.017

442750

102157

101407

5332

9.19

11750

12.99

11750

750

13250

10000

3250

2.90

2.53

5000

19250

17500

11.32

6.97

5.67

P10Y

P5Y

2205000

4457

7199

446

6118

22063

28627

720

9883

38993

49596

10364331

12256698

197635

2729338

7708592

10635565

197635

2732100

7434596

198081

2723099

9601979

12523159

197635

2719471

9417172

12334278

197635

2721962

9337101

198355

2723024

10189651

13111030

1976354

1978926

1976354

1981568

1976354

1978926

1976354

1981568

The Company does not allocate all selling, general and administrative expenses or any research and development expenses to its operating segments for internal reporting. xbrli:shares xbrli:pure iso4217:USD iso4217:USD xbrli:shares 0001083301 iknx:LoanMember 2016-04-01 2016-04-01 0001083301 2019-01-01 2019-09-30 0001083301 us-gaap:EmployeeStockOptionMember 2019-01-01 2019-09-30 0001083301 us-gaap:EmployeeStockOptionMember 2019-01-01 2019-09-30 0001083301 us-gaap:MaterialReconcilingItemsMember 2019-01-01 2019-09-30 0001083301 us-gaap:OperatingSegmentsMember iknx:AMSMember 2019-01-01 2019-09-30 0001083301 us-gaap:OperatingSegmentsMember iknx:ChromalineMember 2019-01-01 2019-09-30 0001083301 us-gaap:OperatingSegmentsMember iknx:DTXMember 2019-01-01 2019-09-30 0001083301 us-gaap:OperatingSegmentsMember iknx:IkonicsImagingMember 2019-01-01 2019-09-30 0001083301 us-gaap:AdditionalPaidInCapitalMember 2019-01-01 2019-09-30 0001083301 us-gaap:CommonStockMember 2019-01-01 2019-09-30 0001083301 us-gaap:RetainedEarningsMember 2019-01-01 2019-09-30 0001083301 2019-07-01 2019-09-30 0001083301 us-gaap:EmployeeStockOptionMember 2019-07-01 2019-09-30 0001083301 us-gaap:MaterialReconcilingItemsMember 2019-07-01 2019-09-30 0001083301 us-gaap:OperatingSegmentsMember iknx:AMSMember 2019-07-01 2019-09-30 0001083301 us-gaap:OperatingSegmentsMember iknx:ChromalineMember 2019-07-01 2019-09-30 0001083301 us-gaap:OperatingSegmentsMember iknx:DTXMember 2019-07-01 2019-09-30 0001083301 us-gaap:OperatingSegmentsMember iknx:IkonicsImagingMember 2019-07-01 2019-09-30 0001083301 us-gaap:AdditionalPaidInCapitalMember 2019-07-01 2019-09-30 0001083301 us-gaap:CommonStockMember 2019-07-01 2019-09-30 0001083301 us-gaap:RetainedEarningsMember 2019-07-01 2019-09-30 0001083301 2020-01-01 2020-09-30 0001083301 us-gaap:EmployeeStockOptionMember 2020-01-01 2020-09-30 0001083301 us-gaap:EmployeeStockOptionMember 2020-01-01 2020-09-30 0001083301 us-gaap:MaterialReconcilingItemsMember 2020-01-01 2020-09-30 0001083301 us-gaap:OperatingSegmentsMember iknx:AMSMember 2020-01-01 2020-09-30 0001083301 us-gaap:OperatingSegmentsMember iknx:ChromalineMember 2020-01-01 2020-09-30 0001083301 us-gaap:OperatingSegmentsMember iknx:DTXMember 2020-01-01 2020-09-30 0001083301 us-gaap:OperatingSegmentsMember iknx:IkonicsImagingMember 2020-01-01 2020-09-30 0001083301 us-gaap:LineOfCreditMember us-gaap:LondonInterbankOfferedRateLIBORMember 2020-01-01 2020-09-30 0001083301 iknx:The1995IncentiveStockOptionPlanMember 2020-01-01 2020-09-30 0001083301 iknx:The2019EquityIncentivePlanMember 2020-01-01 2020-09-30 0001083301 us-gaap:AdditionalPaidInCapitalMember 2020-01-01 2020-09-30 0001083301 us-gaap:CommonStockMember 2020-01-01 2020-09-30 0001083301 us-gaap:RetainedEarningsMember 2020-01-01 2020-09-30 0001083301 iknx:SbaCaresActPaycheckProtectionProgramMember 2020-04-18 2020-04-18 0001083301 2020-07-01 2020-09-30 0001083301 us-gaap:EmployeeStockOptionMember 2020-07-01 2020-09-30 0001083301 us-gaap:MaterialReconcilingItemsMember 2020-07-01 2020-09-30 0001083301 us-gaap:OperatingSegmentsMember iknx:AMSMember 2020-07-01 2020-09-30 0001083301 us-gaap:OperatingSegmentsMember iknx:ChromalineMember 2020-07-01 2020-09-30 0001083301 us-gaap:OperatingSegmentsMember iknx:DTXMember 2020-07-01 2020-09-30 0001083301 us-gaap:OperatingSegmentsMember iknx:IkonicsImagingMember 2020-07-01 2020-09-30 0001083301 us-gaap:AdditionalPaidInCapitalMember 2020-07-01 2020-09-30 0001083301 us-gaap:CommonStockMember 2020-07-01 2020-09-30 0001083301 us-gaap:RetainedEarningsMember 2020-07-01 2020-09-30 0001083301 iknx:DuluthEconomicDevelopmentAuthorityMember 2016-04-01 0001083301 2018-12-31 0001083301 us-gaap:AdditionalPaidInCapitalMember 2018-12-31 0001083301 us-gaap:CommonStockMember 2018-12-31 0001083301 us-gaap:RetainedEarningsMember 2018-12-31 0001083301 2019-06-30 0001083301 us-gaap:AdditionalPaidInCapitalMember 2019-06-30 0001083301 us-gaap:CommonStockMember 2019-06-30 0001083301 us-gaap:RetainedEarningsMember 2019-06-30 0001083301 2019-09-30 0001083301 us-gaap:AdditionalPaidInCapitalMember 2019-09-30 0001083301 us-gaap:CommonStockMember 2019-09-30 0001083301 us-gaap:RetainedEarningsMember 2019-09-30 0001083301 2019-12-31 0001083301 us-gaap:EmployeeStockOptionMember iknx:The1995IncentiveStockOptionPlanMember 2019-12-31 0001083301 us-gaap:MaterialReconcilingItemsMember 2019-12-31 0001083301 us-gaap:OperatingSegmentsMember iknx:AMSMember 2019-12-31 0001083301 us-gaap:OperatingSegmentsMember iknx:ChromalineMember 2019-12-31 0001083301 us-gaap:OperatingSegmentsMember iknx:DTXMember 2019-12-31 0001083301 us-gaap:OperatingSegmentsMember iknx:IkonicsImagingMember 2019-12-31 0001083301 us-gaap:LineOfCreditMember 2019-12-31 0001083301 us-gaap:AdditionalPaidInCapitalMember 2019-12-31 0001083301 us-gaap:CommonStockMember 2019-12-31 0001083301 us-gaap:RetainedEarningsMember 2019-12-31 0001083301 2020-06-30 0001083301 us-gaap:AdditionalPaidInCapitalMember 2020-06-30 0001083301 us-gaap:CommonStockMember 2020-06-30 0001083301 us-gaap:RetainedEarningsMember 2020-06-30 0001083301 2020-09-30 0001083301 us-gaap:MaterialReconcilingItemsMember 2020-09-30 0001083301 us-gaap:OperatingSegmentsMember iknx:AMSMember 2020-09-30 0001083301 us-gaap:OperatingSegmentsMember iknx:ChromalineMember 2020-09-30 0001083301 us-gaap:OperatingSegmentsMember iknx:DTXMember 2020-09-30 0001083301 us-gaap:OperatingSegmentsMember iknx:IkonicsImagingMember 2020-09-30 0001083301 us-gaap:LineOfCreditMember 2020-09-30 0001083301 iknx:The1995IncentiveStockOptionPlanMember 2020-09-30 0001083301 iknx:The2019EquityIncentivePlanMember 2020-09-30 0001083301 us-gaap:AdditionalPaidInCapitalMember 2020-09-30 0001083301 us-gaap:CommonStockMember 2020-09-30 0001083301 us-gaap:RetainedEarningsMember 2020-09-30 0001083301 2020-11-07

EX-101.SCH 6 iknx-20200930.xsd XBRL TAXONOMY EXTENSION SCHEMA 000 - Document - Document And Entity Information link:calculationLink link:definitionLink link:presentationLink 001 - Statement - Condensed Balance Sheets (Current Period Unaudited) link:calculationLink link:definitionLink link:presentationLink 002 - Statement - Condensed Balance Sheets (Current Period Unaudited) (Parentheticals) link:calculationLink link:definitionLink link:presentationLink 003 - Statement - Condensed Statements of Operations (Unaudited) link:calculationLink link:definitionLink link:presentationLink 004 - Statement - Statements of Stockholders' Equity (Unaudited) link:calculationLink link:definitionLink link:presentationLink 005 - Statement - Condensed Statements of Cash Flows (Unaudited) link:calculationLink link:definitionLink link:presentationLink 006 - Disclosure - Note 1 - Basis of Presentation link:calculationLink link:definitionLink link:presentationLink 007 - Disclosure - Note 2 - Inventories link:calculationLink link:definitionLink link:presentationLink 009 - Disclosure - Note 4 - Stock-based Compensation link:calculationLink link:definitionLink link:presentationLink 010 - Disclosure - Note 5 - Segment Information link:calculationLink link:definitionLink link:presentationLink 011 - Disclosure - Note 6 - Income Taxes link:calculationLink link:definitionLink link:presentationLink 012 - Disclosure - Note 7 - Long-term Debt link:calculationLink link:definitionLink link:presentationLink 013 - Disclosure - Note 2 - Inventories (Tables) link:calculationLink link:definitionLink link:presentationLink 015 - Disclosure - Note 4 - Stock-based Compensation (Tables) link:calculationLink link:definitionLink link:presentationLink 016 - Disclosure - Note 5 - Segment Information (Tables) link:calculationLink link:definitionLink link:presentationLink 017 - Disclosure - Note 2 - Inventories - Major Components of Inventories (Details) link:calculationLink link:definitionLink link:presentationLink 020 - Disclosure - Note 4 - Stock-based Compensation (Details Textual) link:calculationLink link:definitionLink link:presentationLink 021 - Disclosure - Note 4 - Stock-based Compensation - Assumptions (Details) link:calculationLink link:definitionLink link:presentationLink 022 - Disclosure - Note 4 - Stock-based Compensation - Stock Option Activity (Details) link:calculationLink link:definitionLink link:presentationLink 023 - Disclosure - Note 5 - Segment Information (Details Textual) link:calculationLink link:definitionLink link:presentationLink 024 - Disclosure - Note 5 - Segment Information - Reportable Segments (Details) link:calculationLink link:definitionLink link:presentationLink 025 - Disclosure - Note 6 - Income Taxes (Details Textual) link:calculationLink link:definitionLink link:presentationLink 026 - Disclosure - Note 7 - Long-term Debt (Details Textual) link:calculationLink link:definitionLink link:presentationLink EX-101.CAL 7 iknx-20200930_cal.xml XBRL TAXONOMY EXTENSION CALCULATION LINKBASE EX-101.DEF 8 iknx-20200930_def.xml XBRL TAXONOMY EXTENSION DEFINITION LINKBASE EX-101.LAB 9 iknx-20200930_lab.xml XBRL TAXONOMY EXTENSION LABEL LINKBASE Document And Entity Information Dividend yield Note To Financial Statement Details Textual Note 2 - Inventories Note 3 - Earnings Per Common Share (EPS) Note 4 - Stock-based Compensation Risk-free interest rate Note 5 - Segment Information Note 2 - Inventories - Major Components of Inventories (Details) Note 3 - Earnings Per Common Share (EPS) - Summary of Calculation of Diluted EPS (Details) Note 4 - Stock-based Compensation - Assumptions (Details) LONG-TERM LIABILITIES Note 4 - Stock-based Compensation - Stock Option Activity (Details) Note 5 - Segment Information - Reportable Segments (Details) Income Tax Disclosure [Text Block] Notes To Financial Statements Notes To Financial Statements [Abstract] Expected volatility Stock based compensation us-gaap_ShareBasedCompensation us-gaap_LiabilitiesCurrent Total current liabilities Expected life of option (years) (Year) Amortization Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block] Share-based Payment Arrangement, Option, Activity [Table Text Block] Depreciation Current portion of long-term debt us-gaap_LongTermDebtCurrent us-gaap_AssetsCurrent Total current assets Exercisable, Weighted Average Exercise Price (in dollars per share) Exercisable, Shares (in shares) Fair value of each option on grant date (in dollars per share) Proceeds on sale of short-term investments Income taxes receivable us-gaap_PaymentsToAcquireShortTermInvestments Purchases of short-term investments Common stock, par value $.10 per share; authorized 4,750,000 shares; issued and outstanding 1,976,354 shares in 2020 and 2019. Adjustments to reconcile net loss to net cash used in operating activities: us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice Outstanding, Weighted Average Exercise Price (in dollars per share) Outstanding, Weighted Average Exercise Price (in dollars per share) Common stock, shares authorized (in shares) Common stock, share issued (in shares) Expired and forfeited, Weighted Average Exercise Price (in dollars per share) Common stock, par value (in dollars per share) Granted, Weighted Average Exercise Price (in dollars per share) Exercised, Weighted Average Exercise Price (in dollars per share) Accrued compensation us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number, Ending Balance (in shares) Outstanding, Shares (in shares) Outstanding, Shares (in shares) us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod Expired and forfeited, Shares (in shares) Credit Facility [Axis] Proceeds from sales of equipment Credit Facility [Domain] Preferred stock, par value $.10 per share; authorized 250,000 shares; issued none Other accrued liabilities Preferred stock, issued (in shares) Cash paid for interest us-gaap_PolicyTextBlockAbstract Accounting Policies Preferred stock, authorized (in shares) us-gaap_InventoryLIFOReserve Reduction to LIFO cost Inventories Total Inventories us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant (in shares) Preferred stock, par value (in dollars per share) Work-in-progress us-gaap_PaymentsToAcquireIntangibleAssets Purchases of intangible assets us-gaap_PaymentsToAcquirePropertyPlantAndEquipment Purchases of property and equipment Finished goods us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized (in shares) Cash paid for income taxes, net us-gaap_AccountsPayableTradeCurrent Accounts payable CURRENT LIABILITIES WEIGHTED AVERAGE COMMON SHARES OUTSTANDING Raw materials SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION us-gaap_Assets Total assets Plan Name [Axis] Plan Name [Domain] us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount, Total CASH FLOWS FROM OPERATING ACTIVITIES: Schedule of Segment Reporting Information, by Segment [Table Text Block] Statement [Line Items] us-gaap_AllowanceForDoubtfulAccountsReceivableCurrent Trade receivables, allowances Trade receivables Trade receivables, less allowance of $81,000 in 2020 and $58,000 in 2019 us-gaap_NumberOfReportableSegments Number of Reportable Segments Share-based Payment Arrangement [Text Block] Short-term investments Additional paid-in-capital STOCKHOLDERS' EQUITY iknx_DebtServiceCoverageRatio Debt Service Coverage Ratio Represents debt service coverage ratio that needs to be maintained by the company under covenant agreement. Segment Reporting Disclosure [Text Block] Award Type [Domain] CURRENT ASSETS: Vehicles Carrying amount of vehicles before accumulated depreciation. Land and building Carrying amount of real estate and amount before accumulated depreciation of building structures; both of which are held for productive use. Award Type [Axis] Net loss NET LOSS Intangible assets, accumulated amortization iknx_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmountBasedOnNetIncomePosition Antidilutive Securities Excluded from Computation Of Earnings Per Share Amount Based on Net Income Position (in shares) Based on the Company's net income position, securities that would remain anti-dilutive and be excluded as part of the weighted average common and common equivalent shares outstanding. us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD CASH AND CASH EQUIVALENTS AT END OF PERIOD INTANGIBLE ASSETS, less accumulated amortization of $201,065 in 2020 and $181,609 in 2019 OTHER INCOME us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS iknx_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsWithAntidilutiveEffectWeightedAverageExercisePriceBasedOnNetIncomePosition Share Based Compensation Arrangement by Share Based Payment Award Options With AntiDilutive Effect Weighted Average Exercise Price Based on Net Income Position (in dollars per share) The weighted average exercise price of stock options that would have remained anti-dilutive, based on the Company's net income position. us-gaap_NetCashProvidedByUsedInFinancingActivities Net cash provided by (used in) financing activities us-gaap_Liabilities Total liabilities AMS [Member] Represents AMS, a segment of the company. COMMITMENTS AND CONTINGENCIES DTX [Member] Represents DTX, a segment of the company. Ikonics Imaging [Member] Represents Ikonics Imaging, a segment of the company. Income (loss) from operations LOSS FROM OPERATIONS Share-based Payment Arrangement, Option [Member] us-gaap_NetCashProvidedByUsedInOperatingActivities Net cash used in operating activities us-gaap_NetCashProvidedByUsedInInvestingActivities Net cash provided by (used in) investing activities Prepaid expenses and other assets Antidilutive Securities [Axis] Antidilutive Securities, Name [Domain] Gross profit (loss) GROSS PROFIT Cost of goods sold Consolidation Items [Domain] us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment Less accumulated depreciation us-gaap_PropertyPlantAndEquipmentNet Total property, plant and equipment at cost, net Consolidation Items [Axis] us-gaap_PropertyPlantAndEquipmentGross Property, plant, and equipment, Gross Machinery and equipment Office equipment PROPERTY, PLANT, AND EQUIPMENT, at cost: CASH FLOWS FROM INVESTING ACTIVITIES: us-gaap_PaymentsForRepurchaseOfCommonStock Repurchase of common stock LOSS PER COMMON SHARE Retained Earnings [Member] Earnings Per Share [Text Block] Net sales Additional Paid-in Capital [Member] Common Stock [Member] INCOME TAX EXPENSE (BENEFIT) Income Tax Expense (Benefit), Total Line of Credit [Member] Accrued expenses Equity Components [Axis] Equity Component [Domain] us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest LOSS BEFORE INCOME TAXES us-gaap_IncreaseDecreaseInAccountsPayableTrade Accounts payable us-gaap_LineOfCredit Long-term Line of Credit, Total Cash and cash equivalents us-gaap_AllocatedShareBasedCompensationExpense Share-based Payment Arrangement, Expense us-gaap_RepaymentsOfLongTermDebt Payment on long-term debt Segment Reconciling Items [Member] Amendment Flag us-gaap_UnrecognizedTaxBenefits Unrecognized Tax Benefits, Ending Balance Accounting Policies [Abstract] Entity Interactive Data Current us-gaap_GainLossOnSaleOfPropertyPlantEquipment Net gain on sale and disposal of equipment Common stock, share outstanding (in shares) BALANCE (in shares) BALANCE (in shares) Title of 12(b) Security Current Fiscal Year End Date Proceeds from debt Proceeds from Issuance of Long-term Debt, Total us-gaap_DebtInstrumentBasisSpreadOnVariableRate1 Debt Instrument, Basis Spread on Variable Rate us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets Prepaid expenses and other assets Document Fiscal Period Focus Document Fiscal Year Focus Document Period End Date iknx_TaxExemptIndustrialRevenueBondsAmountSoldToBank Tax Exempt Industrial Revenue Bonds Amount Sold to Bank Represents the amount of the Tax Exempt Industrial Revenue Bonds issued to the Bank. Entity Emerging Growth Company Document Type Loan [Member] The "Loan" in connection with the sale of bonds by Duluth Economic Development Authority to the Bank. Entity Small Business Entity Shell Company Duluth Economic Development Authority [Member] The entity, Duluth Economic Development Authority. Document Information [Line Items] Document Information [Table] Entity Filer Category Debt Instrument [Axis] Entity Current Reporting Status Debt Instrument, Name [Domain] London Interbank Offered Rate (LIBOR) [Member] Loss on intangible asset abandonment Segments [Axis] Segments [Domain] Variable Rate [Domain] Dilutive effect of stock options (in shares) The 2019 Equity Incentive Plan [Member] Represents the 2019 equity incentive plan (the “2019 Plan”). us-gaap_IncreaseDecreaseInIncomeTaxesReceivable Income tax receivable Variable Rate [Axis] Diluted (in shares) Weighted average common and common equivalent shares outstanding (in shares) us-gaap_IncreaseDecreaseInAccountsReceivable Trade receivables Stock based compensation The 1995 Incentive Stock Option Plan [Member] Represents the 1995 incentive stock option plan (the "1995 Plan). Entity Central Index Key Entity Registrant Name Entity [Domain] Legal Entity [Axis] Statement [Table] Statement of Financial Position [Abstract] Diluted (in dollars per share) Basic (in shares) Weighted average common shares outstanding (in shares) us-gaap_EffectiveIncomeTaxRateContinuingOperations Effective Income Tax Rate Reconciliation, Percent, Total Basic (in dollars per share) EX-101.PRE 10 iknx-20200930_pre.xml XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE XML 11 R1.htm IDEA: XBRL DOCUMENT

Document And Entity Information - shares	9 Months Ended
Document And Entity Information - shares	Sep. 30, 2020	Nov. 07, 2020
Document Information [Line Items]
Entity Registrant Name	IKONICS CORP
Entity Central Index Key	0001083301
Trading Symbol	iknx
Current Fiscal Year End Date	--12-31
Entity Filer Category	Non-accelerated Filer
Entity Current Reporting Status	Yes
Entity Emerging Growth Company	false
Entity Small Business	true
Entity Interactive Data Current	Yes
Entity Common Stock, Shares Outstanding (in shares)		1,976,354
Entity Shell Company	false
Document Type	10-Q
Document Period End Date	Sep. 30, 2020
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q3
Amendment Flag	false
Title of 12(b) Security	Common Stock, par value $.10 per share

XML 12 R2.htm IDEA: XBRL DOCUMENT

Condensed Balance Sheets (Current Period Unaudited) - USD ($)	Sep. 30, 2020	Dec. 31, 2019
CURRENT ASSETS:
Cash and cash equivalents	$ 3,500,883	$ 963,649
Short-term investments		2,205,000
Trade receivables, less allowance of $81,000 in 2020 and $58,000 in 2019	1,417,217	2,434,718
Inventories	2,155,813	2,180,536
Prepaid expenses and other assets	160,700	906,916
Income taxes receivable	241,451	1,369
Total current assets	7,476,064	8,692,188
PROPERTY, PLANT, AND EQUIPMENT, at cost:
Land and building	9,556,586	9,556,984
Machinery and equipment	5,285,503	5,198,784
Office equipment	1,440,964	1,402,369
Vehicles	245,674	245,674
Property, plant, and equipment, Gross	16,528,727	16,403,811
Less accumulated depreciation	(8,978,698)	(8,487,827)
Total property, plant and equipment at cost, net	7,550,029	7,915,984
INTANGIBLE ASSETS, less accumulated amortization of $201,065 in 2020 and $181,609 in 2019	247,983	271,369
Total assets	15,274,076	16,879,541
CURRENT LIABILITIES
Current portion of long-term debt	3,458,519	133,287
Accounts payable	459,129	761,641
Accrued compensation	355,305	382,303
Other accrued liabilities	158,732	657,255
Total current liabilities	4,431,685	1,934,486
LONG-TERM LIABILITIES
Long-term debt, less current portion	478,060	2,688,357
Total liabilities	4,909,745	4,622,843
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS' EQUITY
Preferred stock, par value $.10 per share; authorized 250,000 shares; issued none
Common stock, par value $.10 per share; authorized 4,750,000 shares; issued and outstanding 1,976,354 shares in 2020 and 2019.	197,635	197,635
Additional paid-in-capital	2,732,100	2,721,962
Retained earnings	7,434,596	9,337,101
Total stockholders' equity	10,364,331	12,256,698
Total liabilities and stockholders' equity	$ 15,274,076	$ 16,879,541

XML 13 R3.htm IDEA: XBRL DOCUMENT

Condensed Balance Sheets (Current Period Unaudited) (Parentheticals) - USD ($)	Sep. 30, 2020	Dec. 31, 2019
Trade receivables, allowances	$ 81,000	$ 58,000
Intangible assets, accumulated amortization	$ 201,065	$ 181,609
Preferred stock, par value (in dollars per share)	$ 0.10	$ 0.10
Preferred stock, authorized (in shares)	250,000	250,000
Preferred stock, issued (in shares)	0	0
Common stock, par value (in dollars per share)	$ 0.10	$ 0.10
Common stock, shares authorized (in shares)	4,750,000	4,750,000
Common stock, share issued (in shares)	1,976,354	1,976,354
Common stock, share outstanding (in shares)	1,976,354	1,976,354

XML 14 R4.htm IDEA: XBRL DOCUMENT

Condensed Statements of Operations (Unaudited) - USD ($)

3 Months Ended

9 Months Ended

Sep. 30, 2020

Sep. 30, 2019

Sep. 30, 2020

Sep. 30, 2019

Net sales

$ 3,134,984

$ 4,530,361

$ 9,204,615

$ 12,655,463

Cost of goods sold

2,261,205

3,118,299

6,792,709

8,805,853

GROSS PROFIT

873,779

1,412,062

2,411,906

3,849,610

SELLING, GENERAL AND ADMINISTRATIVE EXPENSES

^[1]

979,773

1,347,404

3,963,100

4,068,230

RESEARCH AND DEVELOPMENT EXPENSES

^[1]

136,520

218,467

521,334

667,774

LOSS FROM OPERATIONS

(242,514)

(153,809)

(2,072,528)

(886,394)

INTEREST EXPENSE

(24,592)

(22,799)

(70,699)

(67,589)

OTHER INCOME

16,225

8,722

49,722

LOSS BEFORE INCOME TAXES

(267,067)

(160,383)

(2,134,505)

(904,261)

INCOME TAX EXPENSE (BENEFIT)

6,929

2,361

(232,000)

(170,775)

NET LOSS

$ (273,996)

$ (162,744)

$ (1,902,505)

$ (733,486)

LOSS PER COMMON SHARE

Basic (in dollars per share)

$ (0.14)

$ (0.08)

$ (0.96)

$ (0.37)

Diluted (in dollars per share)

$ (0.14)

$ (0.08)

$ (0.96)

$ (0.37)

WEIGHTED AVERAGE COMMON SHARES OUTSTANDING

Basic (in shares)

1,976,354

1,978,926

1,976,354

1,981,568

Diluted (in shares)

1,976,354

1,978,926

1,976,354

1,981,568

[1]	The Company does not allocate all selling, general and administrative expenses or any research and development expenses to its operating segments for internal reporting.

XML 15 R5.htm IDEA: XBRL DOCUMENT

Statements of Stockholders' Equity (Unaudited) - USD ($)	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Total
BALANCE (in shares) at Dec. 31, 2018	1,983,553
BALANCE at Dec. 31, 2018	$ 198,355	$ 2,723,024	$ 10,189,651	$ 13,111,030
Net loss			(733,486)	(733,486)
Stock based compensation		6,330		6,330
Common stock repurchased (in shares)	(7,199)
Common stock repurchased	$ (720)	(9,883)	(38,993)	(49,596)
BALANCE (in shares) at Sep. 30, 2019	1,976,354
BALANCE at Sep. 30, 2019	$ 197,635	2,719,471	9,417,172	12,334,278
BALANCE (in shares) at Jun. 30, 2019	1,980,811
BALANCE at Jun. 30, 2019	$ 198,081	2,723,099	9,601,979	12,523,159
Net loss			(162,744)	(162,744)
Stock based compensation		2,490		2,490
Common stock repurchased (in shares)	(4,457)
Common stock repurchased	$ (446)	(6,118)	(22,063)	(28,627)
BALANCE (in shares) at Sep. 30, 2019	1,976,354
BALANCE at Sep. 30, 2019	$ 197,635	2,719,471	9,417,172	$ 12,334,278
BALANCE (in shares) at Dec. 31, 2019	1,976,354			1,976,354
BALANCE at Dec. 31, 2019	$ 197,635	2,721,962	9,337,101	$ 12,256,698
Net loss			(1,902,505)	(1,902,505)
Stock based compensation		10,138		$ 10,138
BALANCE (in shares) at Sep. 30, 2020	1,976,354			1,976,354
BALANCE at Sep. 30, 2020	$ 197,635	2,732,100	7,434,596	$ 10,364,331
BALANCE (in shares) at Jun. 30, 2020	1,976,354
BALANCE at Jun. 30, 2020	$ 197,635	2,729,338	7,708,592	10,635,565
Net loss			(273,996)	(273,996)
Stock based compensation		2,762		$ 2,762
BALANCE (in shares) at Sep. 30, 2020	1,976,354			1,976,354
BALANCE at Sep. 30, 2020	$ 197,635	$ 2,732,100	$ 7,434,596	$ 10,364,331

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 1A
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=121641772&loc=SL7669619-108580

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8924-108599

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 11
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22694-107794

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(22))
-URI http://asc.fasb.org/extlink&oid=120399700&loc=SL114874048-224260

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 11
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22694-107794

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (f)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 7
-URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721683-107760

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22595-107794

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 1B
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=121641772&loc=SL7669625-108580

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599

Reference 11: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(18))
-URI http://asc.fasb.org/extlink&oid=120400993&loc=SL114874131-224263

Reference 12: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(20))
-URI http://asc.fasb.org/extlink&oid=120395209&loc=SL114868664-224227

Reference 13: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 28
-URI http://asc.fasb.org/extlink&oid=121586364&loc=d3e3602-108585

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (b)(2)
-URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22499-107794

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 9
-URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22663-107794

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 28
-Subparagraph (f)
-URI http://asc.fasb.org/extlink&oid=75031198&loc=d3e14064-108612

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8906-108599

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22583-107794

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(g)(1)(ii))
-URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690

Reference 20: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 60B
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=121326447&loc=SL5780133-109256

Reference 21: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 323
-SubTopic 10
-Section 50
-Paragraph 3
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=114001798&loc=d3e33918-111571

Reference 22: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599

Reference 23: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22658-107794

+ Details

- Definition

Total of all stockholders' equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity's stockholders' equity attributable to the parent excludes the amount of stockholders' equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity.

+ References + Details

XML 16 R6.htm IDEA: XBRL DOCUMENT

Condensed Statements of Cash Flows (Unaudited) - USD ($)	9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$ (1,902,505)	$ (733,486)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation	499,899	476,906
Amortization	27,445	33,662
Stock based compensation	10,138	6,330
Net gain on sale and disposal of equipment	(2,325)	(8,481)
Deferred income taxes		(183,000)
Loss on intangible asset abandonment	16,906	87,122
Changes in working capital components:
Trade receivables	1,017,501	3,775
Inventories	24,723	(526,853)
Prepaid expenses and other assets	746,216	(577,492)
Income tax receivable	(240,082)	2,768
Accounts payable	(302,512)	124,992
Accrued expenses	(525,521)	674,194
Net cash used in operating activities	(630,117)	(619,563)
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of property and equipment	(149,916)	(333,535)
Proceeds from sales of equipment	18,297	15,596
Purchases of intangible assets	(12,976)	(17,528)
Purchases of short-term investments		(4,165,000)
Proceeds on sale of short-term investments	2,205,000	4,410,000
Net cash provided by (used in) investing activities	2,060,405	(90,467)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from debt	1,214,500
Payment on long-term debt	(107,554)	(104,772)
Repurchase of common stock		(49,596)
Net cash provided by (used in) financing activities	1,106,946	(154,368)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	2,537,234	(864,398)
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD	963,649	1,623,137
CASH AND CASH EQUIVALENTS AT END OF PERIOD	3,500,883	758,739
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION
Cash paid for interest	56,834	59,889
Cash paid for income taxes, net	$ 8,082	$ 9,457

XML 17 R7.htm IDEA: XBRL DOCUMENT

Note 1 - Basis of Presentation

9 Months Ended

Sep. 30, 2020

Notes to Financial Statements

Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]

1.	Basis of Presentation

The condensed balance sheet of IKONICS Corporation (the “Company”) as of

September 30, 2020,

and the related condensed statements of operations for the

three

and

nine

months ended

September 30, 2020

and

2019,

the condensed statements of stockholders' equity for the

three

and

nine

months ended

September 30, 2020

and

2019,

and condensed cash flows for the

nine

months ended

September 30,

2020

and

2019,

have been prepared without being audited.

September 30, 2020,

and the results of operations and cash flows for all periods presented.

-K for the year ended

December 31, 2019.

The results of operations for interim periods are

not

necessarily indicative of results that will be realized for the full fiscal year.

The Company relies on cash flow generated from operations and available borrowings under its bank line of credit to fund its working capital and other operating and investing needs. The Company's ability to borrow under the bank line of credit is based on its continued compliance with its debt service coverage ratio covenant, as defined, and its ability to continue to renew the maturity date of the bank line of credit.

The full extent of the effect of the COVID-

pandemic on the Company's customers, supply chain and business cannot be reasonably assessed at this time although the Company's

2020

results of operations will be adversely affected. The Company has developed a plan to mitigate the impact of COVID-

which includes the implementation of a series of specific and identified cost reductions, in addition to actions already taken, including further reducing its direct and indirect operating costs. The impact of COVID-

on the Company's operating results will depend on future developments, which are highly uncertain and cannot be predicted, including governmental and business reactions to the pandemic.

Based on the Company's current cash position, and expected future cash flows, the Company believes it will have sufficient cash to fund its operations beyond

twelve

months from the date of the issuance of the accompanying unaudited condensed financial statements.

pandemic effect on the Company's business as well as the businesses of its customers and suppliers, a significant decline in the Company's business has occurred and that decline is expected to continue. Although the Company continues to operate, the Company has experienced a significant decrease in sales activity, and the future financial impact and duration cannot be reasonably estimated at this time.

XML 18 R8.htm IDEA: XBRL DOCUMENT

Note 2 - Inventories

9 Months Ended

Sep. 30, 2020

Notes to Financial Statements

Inventory Disclosure [Text Block]

2.	Inventories

The major components of inventories as of

September 30, 2020

and

December 31, 2019

were as follows:

	Sep 30, 2020			Dec 31, 2019

Raw materials	$	1,477,132		$	1,667,154
Work-in-progress		449,592			419,906
Finished goods		1,517,561			1,449,854
Reduction to LIFO cost		(1,288,472	)		(1,356,378	)

Total Inventories	$	2,155,813		$	2,180,536

XML 19 R9.htm IDEA: XBRL DOCUMENT

Note 3 - Earnings Per Common Share (EPS)

9 Months Ended

Sep. 30, 2020

Notes to Financial Statements

Earnings Per Share [Text Block]

3.	Earnings Per Common Share (EPS)

have been excluded from the computation because of their antidilutive effect.

Shares used in the calculation of diluted EPS are summarized below:

	Three Months Ended
	Sep 30, 2020		Sep 30, 2019

Weighted average common shares outstanding		1,976,354		1,978,926
Dilutive effect of stock options		—		—
Weighted average common and common equivalent shares outstanding		1,976,354		1,978,926

		Nine Months Ended
	Sep 30, 2020		Sep 30, 2019

Weighted average common shares outstanding		1,976,354		1,981,568
Dilutive effect of stock options		—		—
Weighted average common and common equivalent shares outstanding		1,976,354		1,981,568

If the Company was in a net income position for the

three

and

nine

months ended

September 30, 2020,

all

17,500

options outstanding with a weighted average exercise price of

$6.97

would have remained excluded from the computation of common share equivalents as the options were anti-dilutive.

If the Company was in a net income position for the

three

and

nine

months ended

September 30, 2019,

all

16,000

options outstanding with a weighted average exercise price of

$12.17

would have remained excluded from the computation of common share equivalents as the options were anti-dilutive.

XML 20 R10.htm IDEA: XBRL DOCUMENT

Note 4 - Stock-based Compensation

9 Months Ended

Sep. 30, 2020

Notes to Financial Statements

Share-based Payment Arrangement [Text Block]

4.	Stock-Based Compensation

The Company maintains the

2019

Equity Incentive Plan (the

“2019

Plan”). The

2019

Plan replaced the

1995

Incentive Stock Option Plan (the

"1995

Plan) upon its ratification by shareholders in

April 2019.

The

1995

plan authorized the issuance of up to

442,750

shares of common stock. Of those shares,

5,000

were subject to outstanding options as of

September 30, 2020.

Awards granted under the

1995

Plan will remain in effect until they are exercised or expire according to their terms. At the time the

2019

Plan was approved, there were

102,157

shares reserved for future grants under the

1995

Plan which will

longer be available for future grants.

Under the terms of the

2019

Plan, the number of shares of common stock that

may

be the subject of awards and issued under the

2019

Plan was initially set at

102,157.

Subsequent to the approval of the

2019

Plan,

11,750

outstanding options granted under the

1995

Plan were forfeited. Under the terms of the

2019

Plan, those forfeited options are added back to the

2019

Plan reserve pool. As of

September 30, 2020,

13,250

options have been granted under the

2019

Plan,

750

of which have been forfeited, bringing the number of shares of common stock available for future awards under the

2019

Plan to

101,407.

The Company charged compensation cost of approximately

$10,100

against the loss for the

nine

months ended

September 30, 2020

and approximately

$6,300

for the

nine

months ended

September 30, 2019.

As of

September 30, 2020,

there was approximately

$28,300

of unrecognized compensation cost related to unvested share-based compensation awards. That cost is expected to be recognized over the next

three

years.

stock options were exercised during the

nine

months ended

September 30, 2020

September 30, 2019.

There were

10,000

options granted during the

nine

months ended

September 30, 2020

and there were

3,250

options granted during the

nine

months ended

September 30, 2019.

The fair value of options granted during the

nine

months ended

September 30, 2020

and

2019

were estimated using the Black Scholes option pricing model with the following assumptions:

	2020			2019
Dividend yield		0			0
Expected volatility		40.3	%		37.5	%
Expected life of option (years)		10			5
Risk-free interest rate		1.4	%		1.7	%
Fair value of each option on grant date	$	2.90		$	2.53

Stock option activity during the

nine

months ended

September 30, 2020

was as follows:

				Weighted
				Average
				Exercise
	Shares			Price
Outstanding at January 1, 2020		19,250		$	11.32
Granted		10,000			5.67
Exercised		—			—
Expired and forfeited		(11,750	)		12.99
Outstanding at September 30, 2020		17,500		$	6.97
Exercisable at September 30, 2020		5,332		$	9.19

There was

aggregate intrinsic value to the options outstanding and exercisable at

September 30, 2020.

XML 21 R11.htm IDEA: XBRL DOCUMENT

Note 5 - Segment Information

9 Months Ended

Sep. 30, 2020

Notes to Financial Statements

Segment Reporting Disclosure [Text Block]

5.	Segment Information

The Company's reportable segments are strategic business units that offer different products and have varied customer bases. There are

four

reportable segments: Chromaline, IKONICS Imaging, Digital Texturing (DTX) and Advanced Material Solutions (AMS). Chromaline sells screen printing film, emulsions, and inkjet receptive film primarily to distributors and some end users. IKONICS Imaging sells photo resistant film, art supplies, glass, and related abrasive etching equipment to both end users and distributors. AMS provides sound deadening and weight reduction technology to the aerospace industry along with products and services for etched composites, ceramics, glass and silicon wafers. DTX includes products and customers related to patented and proprietary inkjet technology used for mold texturing and prototyping. The accounting policies applied to determine the segment information are the same as those described in the Company's Annual Report on Form

-K for the year ended

December 31, 2019.

Management evaluates the performance of each segment based on the components of divisional income (loss). Assets and liabilities are

not

allocated to segments, except for trade receivables. Financial information with respect to the reportable segments follows:

For the

three

months ended

September 30, 2020:

	IKONICS
			IKONICS
	Chromaline		Imaging		DTX		AMS			Unalloc.			Total
Net sales	$	2,051,047	$	893,064	$	62,024	$	128,849		$	—		$	3,134,984
Cost of goods sold		1,474,881		499,750		33,143		253,431			—			2,261,205
Gross profit (loss)		576,166		393,314		28,881		(124,582	)		—			873,779
Selling general and administrative*		234,884		180,285		27,567		51,644			485,393			979,773
Research and development*		—		—		—		—			136,520			136,520
Income (loss) from operations	$	341,282	$	213,029	$	1,314	$	(176,226	)	$	(621,913	)	$	(242,514	)

For the

three

months ended

September 30, 2019:

	IKONICS
			IKONICS
	Chromaline		Imaging		DTX		AMS		Unalloc.			Total
Net sales	$	2,869,664	$	1,117,209	$	84,661	$	458,827	$	—		$	4,530,361
Cost of goods sold		2,115,702		628,325		31,217		343,055		—			3,118,299
Gross profit		753,962		488,884		53,444		115,772		—			1,412,062
Selling general and administrative*		452,592		248,780		41,866		89,597		514,569			1,347,404
Research and development*		—		—		—		—		218,467			218,467
Income (loss) from operations	$	301,370	$	240,104	$	11,578	$	26,175	$	(733,036	)	$	(153,809	)

For the

nine

months ended

September 30, 2020:

	IKONICS
			IKONICS
	Chromaline		Imaging		DTX		AMS			Unalloc.			Total
Net sales	$	5,635,373	$	2,488,963	$	223,606	$	856,673		$	—		$	9,204,615
Cost of goods sold		4,300,512		1,397,458		109,235		985,504			—			6,792,709
Gross profit (loss)		1,334,861		1,091,505		114,371		(128,831	)		—			2,411,906
Selling general and administrative*		1,027,239		683,720		91,999		211,788			1,948,354			3,963,100
Research and development*		—		—		—		—			521,334			521,334
Income (loss) from operations	$	307,622	$	407,785	$	22,372	$	(340,619	)	$	(2,469,688	)	$	(2,072,528	)

For the

nine

months ended

September 30, 2019:

	IKONICS
			IKONICS
	Chromaline		Imaging		DTX		AMS			Unalloc.			Total
Net sales	$	8,006,121	$	3,164,143	$	290,022	$	1,195,177		$	—		$	12,655,463
Cost of goods sold		5,949,536		1,714,835		116,810		1,024,672			—			8,805,853
Gross profit		2,056,585		1,449,308		173,212		170,505			—			3,849,610
Selling general and administrative*		1,364,685		819,284		111,232		266,107			1,506,922			4,068,230
Research and development*		—		—		—		—			667,774			667,774
Income (loss) from operations	$	691,900	$	630,024	$	61,980	$	(95,602	)	$	(2,174,696	)	$	(886,394	)

*The Company does

not

allocate all selling, general and administrative expenses or any research and development expenses to its operating segments for internal reporting.

Trade receivables by segment as of

September 30, 2020

and

December 31, 2019

were as follows:

	Sep 30, 2020			Dec 31, 2019

Chromaline	$	1,082,145		$	1,916,066
IKONICS Imaging		299,256			304,791
DTX		34,314			13,919
AMS		68,026			252,363
Unallocated		(66,524	)		(52,421	)

Total	$	1,417,217		$	2,434,718

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8924-108599

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 34
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8981-108599

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 21
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8721-108599

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 40
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9031-108599

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (f)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (e)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 26
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8844-108599

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 41
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9038-108599

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (d)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 42
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9054-108599

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 15
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8657-108599

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 21
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8721-108599

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-URI http://asc.fasb.org/topic&trid=2134510

+ Details

XML 22 R12.htm IDEA: XBRL DOCUMENT

Note 6 - Income Taxes

9 Months Ended

Sep. 30, 2020

Notes to Financial Statements

Income Tax Disclosure [Text Block]

6.	Income Taxes

three

-year period ended

September

30,

2020.

Such objective evidence limits the ability to consider other subjective evidence, such as our projections for future growth.

On the basis of this evaluation, as of

September 30, 2020,

a full valuation allowance has been recorded to reserve for deferred tax assets entirely, which are

not

expected to be realized. The valuation allowance will be reevaluated on a quarterly basis and

may

change if estimates of future taxable income during the carryforward period is increased or if objective negative evidence in the form of cumulative losses is

longer present and additional weight is given to subjective evidence such as our projections for growth

March 27, 2020,

the Coronavirus Aid, Relief, and Economic Security Act (the "CARES Act") was signed into law. The CARES Act is a tax-and-spending package intended to provide economic relief to address the impact of the COVID-

pandemic. The CARES Act includes several tax provisions that, among other things, allow businesses to carry back NOLs arising in

2018,

2019,

and

2020

to the

five

prior tax years. The tax effect of a change in tax law or rates on taxes payable or refundable for a prior year should be recognized as of the enactment date as tax expense (benefit) for the current year. Accordingly, the Company has recorded a tax benefit in the current period to recognize certain eligible net operating loss carryback claims.

The effective tax rate for the

three

months ended

September 30, 2020

was an expense of

0.5%

, compared to an expense of

1.5%

for the

three

months ended

September 30, 2019.

The primary driver of the change in the Company's effective tax rate is attributable to maintaining a full valuation allowance that was established in the

fourth

quarter of

2019

. The Company recorded an income tax expense of

$7,000

and

$2,000

thousand for the

three

months ended

September 30, 2020

and

2019,

respectively

The effective tax rate for the

nine

months ended

September 30, 2020

was a benefit of

10.9%

, compared to a benefit of

18.9%

for the

nine

months ended

September 30, 2019.

The primary driver of the change in the Company's effective tax rate is attributable to a tax benefit in the current period to recognize a net operating loss carryback claim. The Company recorded an income tax benefit of

$232,000

and

$171,000

for the

nine

months ended

September 30, 2020

and

2019,

respectively.

The Company recognizes the financial statement benefit of a tax position only after determining that the relevant tax authority is more-likely -than-

not

to sustain the position following an audit. For tax positions meeting the more-likely-than-

not

threshold, the amount recognized in the condensed consolidated financial statements is the largest benefit that has a greater than

50%

likelihood of being realized upon ultimate settlement with the relevant tax authority. As of

September 30, 2020,

the Company has

unrecognized tax benefits.

This Company is

not

currently under examination in any jurisdiction. In the event of any future tax assessments, the Company has elected to record the income taxes and any related interest and penalties as income tax expense on the statement of operations.

- Definition

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

+ References + Details

XML 23 R13.htm IDEA: XBRL DOCUMENT

Note 7 - Long-term Debt

9 Months Ended

Sep. 30, 2020

Notes to Financial Statements

Debt Disclosure [Text Block]

7.	Long-Term Debt

Duluth Economic Development Authority Loan

April

2016,

the Company entered into a financing agreement (the “Financing Agreement”) under which the Duluth Economic Development Authority (the “Issuer”) agreed to sell

$3,415,000

of its Tax Exempt Industrial Revenue Bonds, Series

2016

(IKONICS Project) (the “Bonds”) to Wells Fargo Bank, National Association (the “Bank”), and the Bank agreed to lend to the Company the proceeds received from the sale of the Bonds (the “Loan”).

The Company is subject to certain customary covenants set forth in the associated covenant agreement, including a requirement that the Company maintain a debt service coverage ratio of

not

less than

1.25

1.00.

As of

December 31, 2019,

the Company was

not

in compliance with the debt service coverage ratio covenant, but obtained a waiver for the non-compliance. The Company amended the covenant terms in

February

2020

to change the debt service coverage ratio calculation from a rolling quarterly calculation to an annual calculation beginning

December 31, 2020.

The Company believes it will be in violation of the debt service coverage ratio, and there is

certainty that a waiver will be obtained for the violations. If the Company has future violations of its covenants, and is unable to obtain appropriate waivers, it could have a significant adverse effect on the Company's liquidity. Additionally, certain holders of the Bonds issued in

2016

have the ability to redeem the Bonds beginning in

April 2020.

Therefore, as of

September 30, 2020

the Company reclassified the entire Loan from long-term debt to a short-term liability.

Paycheck Protection Program Loan

April 18, 2020,

Company entered into a loan pursuant to the Paycheck Protection Program under the CARES Act, as administered by the U.S. Small Business Administration (the “SBA”). The loan, in the principal amount of

$1,214,500

(the “PPP Loan”), was disbursed by BMO Harris Bank National Association (“Lender”) on

April 22, 2020,

pursuant to a Paycheck Protection Program Promissory Note and Agreement (the “Note and Agreement”).

The PPP Loan matures on the

two

-year anniversary of the funding date and bears interest at a fixed rate of

1.00%

per annum. Monthly principal and interest payments, less the amount of any potential forgiveness (discussed below), will commence after the

six

-month anniversary of the funding date. The Company did

not

provide any collateral or guarantees in connection with the PPP Loan, nor did the Company pay any facility charge to obtain the PPP Loan. The Note and Agreement provides for customary events of default, including those relating to failure to make payment, bankruptcy, breaches of representations and material adverse effects. The Company

may

prepay the principal of the PPP Loan at any time without incurring any prepayment charges.

All or a portion of the PPP Loan

may

be forgiven by the SBA and the Lender upon application by the Company. Under the CARES Act, loan forgiveness is available for the sum of documented payroll costs, covered rent payments, and covered utilities during an

eight

twenty four

-week period beginning on the approval date of the PPP Loan. For purposes of the CARES Act, payroll costs exclude compensation of an individual employee earning more than

$100,000,

prorated annually.

Not

more than

40%

of the forgiven amount

may

be for non-payroll costs. Forgiveness is reduced if full-time headcount declines, or if salaries and wages for employees with salaries of

$100,000

or less annually are reduced by more than

25%.

Subsequent to the end of the

third

quarter of

2020,

the Company submitted an application for

100%

forgiveness of the PPP Loan. The Company cannot assure that the PPP Loan will be forgiven, in whole or in part.

The Company accounts for the PPP Loan as debt in accordance with Financial Accounting Standards Board (FASB) Accounting Standards Codification (ASC)

470,

Debt and accrues interest in accordance with the interest method under FASB ASC

835

30.

If the loan is forgiven in part or in whole, and legal release is received, the Company will reduce the liability by the amount forgiven and record a gain on extinguishment in the statement of operations.

Line of Credit

The Company also has a bank line of credit providing for borrowings of up to

$2,050,000

which expires on

August 30, 2021

and bears interest at

1.8

percentage points over the

-day LIBOR rate. The Company did

not

utilize this line of credit during the

first

nine

months of

2020

2019

and there were

borrowings outstanding as of

September 30, 2020

December 31, 2019.

There are

financial covenants related to the line of credit.

Both the

$3,415,000

financing pursuant to the Loan and the line of credit are collateralized by substantially all assets of the Company.

XML 24 R14.htm IDEA: XBRL DOCUMENT

Note 2 - Inventories (Tables)

9 Months Ended

Sep. 30, 2020

Notes Tables

Schedule of Inventory, Current [Table Text Block]

	Sep 30, 2020			Dec 31, 2019

Raw materials	$	1,477,132		$	1,667,154
Work-in-progress		449,592			419,906
Finished goods		1,517,561			1,449,854
Reduction to LIFO cost		(1,288,472	)		(1,356,378	)

Total Inventories	$	2,155,813		$	2,180,536

XML 25 R15.htm IDEA: XBRL DOCUMENT

Note 3 - Earnings Per Common Share (EPS) (Tables)

9 Months Ended

Sep. 30, 2020

Notes Tables

Schedule of Weighted Average Number of Shares [Table Text Block]

	Three Months Ended
	Sep 30, 2020		Sep 30, 2019

Weighted average common shares outstanding		1,976,354		1,978,926
Dilutive effect of stock options		—		—
Weighted average common and common equivalent shares outstanding		1,976,354		1,978,926

		Nine Months Ended
	Sep 30, 2020		Sep 30, 2019

Weighted average common shares outstanding		1,976,354		1,981,568
Dilutive effect of stock options		—		—
Weighted average common and common equivalent shares outstanding		1,976,354		1,981,568

XML 26 R16.htm IDEA: XBRL DOCUMENT

Note 4 - Stock-based Compensation (Tables)

9 Months Ended

Sep. 30, 2020

Notes Tables

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]

	2020			2019
Dividend yield		0			0
Expected volatility		40.3	%		37.5	%
Expected life of option (years)		10			5
Risk-free interest rate		1.4	%		1.7	%
Fair value of each option on grant date	$	2.90		$	2.53

Share-based Payment Arrangement, Option, Activity [Table Text Block]

				Weighted
				Average
				Exercise
	Shares			Price
Outstanding at January 1, 2020		19,250		$	11.32
Granted		10,000			5.67
Exercised		—			—
Expired and forfeited		(11,750	)		12.99
Outstanding at September 30, 2020		17,500		$	6.97
Exercisable at September 30, 2020		5,332		$	9.19

XML 27 R17.htm IDEA: XBRL DOCUMENT

Note 5 - Segment Information (Tables)

9 Months Ended

Sep. 30, 2020

Notes Tables

Schedule of Segment Reporting Information, by Segment [Table Text Block]

	IKONICS
			IKONICS
	Chromaline		Imaging		DTX		AMS			Unalloc.			Total
Net sales	$	2,051,047	$	893,064	$	62,024	$	128,849		$	—		$	3,134,984
Cost of goods sold		1,474,881		499,750		33,143		253,431			—			2,261,205
Gross profit (loss)		576,166		393,314		28,881		(124,582	)		—			873,779
Selling general and administrative*		234,884		180,285		27,567		51,644			485,393			979,773
Research and development*		—		—		—		—			136,520			136,520
Income (loss) from operations	$	341,282	$	213,029	$	1,314	$	(176,226	)	$	(621,913	)	$	(242,514	)

	IKONICS
			IKONICS
	Chromaline		Imaging		DTX		AMS		Unalloc.			Total
Net sales	$	2,869,664	$	1,117,209	$	84,661	$	458,827	$	—		$	4,530,361
Cost of goods sold		2,115,702		628,325		31,217		343,055		—			3,118,299
Gross profit		753,962		488,884		53,444		115,772		—			1,412,062
Selling general and administrative*		452,592		248,780		41,866		89,597		514,569			1,347,404
Research and development*		—		—		—		—		218,467			218,467
Income (loss) from operations	$	301,370	$	240,104	$	11,578	$	26,175	$	(733,036	)	$	(153,809	)

	IKONICS
			IKONICS
	Chromaline		Imaging		DTX		AMS			Unalloc.			Total
Net sales	$	5,635,373	$	2,488,963	$	223,606	$	856,673		$	—		$	9,204,615
Cost of goods sold		4,300,512		1,397,458		109,235		985,504			—			6,792,709
Gross profit (loss)		1,334,861		1,091,505		114,371		(128,831	)		—			2,411,906
Selling general and administrative*		1,027,239		683,720		91,999		211,788			1,948,354			3,963,100
Research and development*		—		—		—		—			521,334			521,334
Income (loss) from operations	$	307,622	$	407,785	$	22,372	$	(340,619	)	$	(2,469,688	)	$	(2,072,528	)

	IKONICS
			IKONICS
	Chromaline		Imaging		DTX		AMS			Unalloc.			Total
Net sales	$	8,006,121	$	3,164,143	$	290,022	$	1,195,177		$	—		$	12,655,463
Cost of goods sold		5,949,536		1,714,835		116,810		1,024,672			—			8,805,853
Gross profit		2,056,585		1,449,308		173,212		170,505			—			3,849,610
Selling general and administrative*		1,364,685		819,284		111,232		266,107			1,506,922			4,068,230
Research and development*		—		—		—		—			667,774			667,774
Income (loss) from operations	$	691,900	$	630,024	$	61,980	$	(95,602	)	$	(2,174,696	)	$	(886,394	)

	Sep 30, 2020			Dec 31, 2019

Chromaline	$	1,082,145		$	1,916,066
IKONICS Imaging		299,256			304,791
DTX		34,314			13,919
AMS		68,026			252,363
Unallocated		(66,524	)		(52,421	)

Total	$	1,417,217		$	2,434,718

XML 28 R18.htm IDEA: XBRL DOCUMENT

Note 2 - Inventories - Major Components of Inventories (Details) - USD ($)	Sep. 30, 2020	Dec. 31, 2019
Raw materials	$ 1,477,132	$ 1,667,154
Work-in-progress	449,592	419,906
Finished goods	1,517,561	1,449,854
Reduction to LIFO cost	(1,288,472)	(1,356,378)
Total Inventories	$ 2,155,813	$ 2,180,536

XML 29 R19.htm IDEA: XBRL DOCUMENT

Note 3 - Earnings Per Common Share (EPS) (Details Textual) - Share-based Payment Arrangement, Option [Member] - $ / shares	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Antidilutive Securities Excluded from Computation Of Earnings Per Share Amount Based on Net Income Position (in shares)	17,500	16,000	17,500	16,000
Share Based Compensation Arrangement by Share Based Payment Award Options With AntiDilutive Effect Weighted Average Exercise Price Based on Net Income Position (in dollars per share)	$ 6.97	$ 12.17	$ 6.97	$ 12.17

XML 30 R20.htm IDEA: XBRL DOCUMENT

Note 3 - Earnings Per Common Share (EPS) - Summary of Calculation of Diluted EPS (Details) - shares	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Weighted average common shares outstanding (in shares)	1,976,354	1,978,926	1,976,354	1,981,568
Dilutive effect of stock options (in shares)
Weighted average common and common equivalent shares outstanding (in shares)	1,976,354	1,978,926	1,976,354	1,981,568

XML 31 R21.htm IDEA: XBRL DOCUMENT

Note 4 - Stock-based Compensation (Details Textual) - USD ($)	9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Dec. 31, 2019
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number, Ending Balance (in shares)	17,500		19,250
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross (in shares)	10,000	3,250
Share-based Payment Arrangement, Expense	$ 10,100	$ 6,300
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount, Total	$ 28,300
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period (in shares)	0	0
The 1995 Incentive Stock Option Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized (in shares)	442,750
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number, Ending Balance (in shares)	5,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Forfeitures in Period (in shares)	11,750
The 1995 Incentive Stock Option Plan [Member] \| Share-based Payment Arrangement, Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant (in shares)			102,157
The 2019 Equity Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant (in shares)	101,407
Share-based Compensation Arrangement by Share-based Payment Award, Options, Forfeitures in Period (in shares)	750
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross (in shares)	13,250

XML 32 R22.htm IDEA: XBRL DOCUMENT

Note 4 - Stock-based Compensation - Assumptions (Details) - Share-based Payment Arrangement, Option [Member] - $ / shares	9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019
Dividend yield	0.00%	0.00%
Expected volatility	40.30%	37.50%
Expected life of option (years) (Year)	10 years	5 years
Risk-free interest rate	1.40%	1.70%
Fair value of each option on grant date (in dollars per share)	$ 2.90	$ 2.53

XML 33 R23.htm IDEA: XBRL DOCUMENT

Note 4 - Stock-based Compensation - Stock Option Activity (Details) - $ / shares	9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019
Outstanding, Shares (in shares)	19,250
Outstanding, Weighted Average Exercise Price (in dollars per share)	$ 11.32
Granted, Shares (in shares)	10,000	3,250
Granted, Weighted Average Exercise Price (in dollars per share)	$ 5.67
Exercised, Shares (in shares)	0	0
Exercised, Weighted Average Exercise Price (in dollars per share)
Expired and forfeited, Shares (in shares)	(11,750)
Expired and forfeited, Weighted Average Exercise Price (in dollars per share)	$ 12.99
Outstanding, Shares (in shares)	17,500
Outstanding, Weighted Average Exercise Price (in dollars per share)	$ 6.97
Exercisable, Shares (in shares)	5,332
Exercisable, Weighted Average Exercise Price (in dollars per share)	$ 9.19

XML 34 R24.htm IDEA: XBRL DOCUMENT

Note 5 - Segment Information (Details Textual)	9 Months Ended
Note 5 - Segment Information (Details Textual)	Sep. 30, 2020
Number of Reportable Segments	4

XML 35 R25.htm IDEA: XBRL DOCUMENT

Note 5 - Segment Information - Reportable Segments (Details) - USD ($)

3 Months Ended

9 Months Ended

Sep. 30, 2020

Sep. 30, 2019

Sep. 30, 2020

Sep. 30, 2019

Dec. 31, 2019

Net sales

$ 3,134,984

$ 4,530,361

$ 9,204,615

$ 12,655,463

Cost of goods sold

2,261,205

3,118,299

6,792,709

8,805,853

Gross profit (loss)

873,779

1,412,062

2,411,906

3,849,610

Selling general and administrative*

^[1]

979,773

1,347,404

3,963,100

4,068,230

Research and development*

^[1]

136,520

218,467

521,334

667,774

Income (loss) from operations

(242,514)

(153,809)

(2,072,528)

(886,394)

Trade receivables

1,417,217

$ 2,434,718

Segment Reconciling Items [Member]

Net sales

Cost of goods sold

Gross profit (loss)

Selling general and administrative*

^[1]

485,393

514,569

1,948,354

1,506,922

Research and development*

^[1]

136,520

218,467

521,334

667,774

Income (loss) from operations

(621,913)

(733,036)

(2,469,688)

(2,174,696)

Trade receivables

(66,524)

(52,421)

Chromaline [Member] | Operating Segments [Member]

Net sales

2,051,047

2,869,664

5,635,373

8,006,121

Cost of goods sold

1,474,881

2,115,702

4,300,512

5,949,536

Gross profit (loss)

576,166

753,962

1,334,861

2,056,585

Selling general and administrative*

^[1]

234,884

452,592

1,027,239

1,364,685

Research and development*

^[1]

Income (loss) from operations

341,282

301,370

307,622

691,900

Trade receivables

1,082,145

1,916,066

Ikonics Imaging [Member] | Operating Segments [Member]

Net sales

893,064

1,117,209

2,488,963

3,164,143

Cost of goods sold

499,750

628,325

1,397,458

1,714,835

Gross profit (loss)

393,314

488,884

1,091,505

1,449,308

Selling general and administrative*

^[1]

180,285

248,780

683,720

819,284

Research and development*

^[1]

Income (loss) from operations

213,029

240,104

407,785

630,024

Trade receivables

299,256

304,791

DTX [Member] | Operating Segments [Member]

Net sales

62,024

84,661

223,606

290,022

Cost of goods sold

33,143

31,217

109,235

116,810

Gross profit (loss)

28,881

53,444

114,371

173,212

Selling general and administrative*

^[1]

27,567

41,866

91,999

111,232

Research and development*

^[1]

Income (loss) from operations

1,314

11,578

22,372

61,980

Trade receivables

34,314

13,919

AMS [Member] | Operating Segments [Member]

Net sales

128,849

458,827

856,673

1,195,177

Cost of goods sold

253,431

343,055

985,504

1,024,672

Gross profit (loss)

(124,582)

115,772

(128,831)

170,505

Selling general and administrative*

^[1]

51,644

89,597

211,788

266,107

Research and development*

^[1]

Income (loss) from operations

(176,226)

$ 26,175

(340,619)

$ (95,602)

Trade receivables

$ 68,026

$ 252,363

[1]	The Company does not allocate all selling, general and administrative expenses or any research and development expenses to its operating segments for internal reporting.

XML 36 R26.htm IDEA: XBRL DOCUMENT

Note 6 - Income Taxes (Details Textual) - USD ($)	3 Months Ended		9 Months Ended
Note 6 - Income Taxes (Details Textual) - USD ($)	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Effective Income Tax Rate Reconciliation, Percent, Total	0.50%	1.50%	(10.90%)	(18.90%)
Income Tax Expense (Benefit), Total	$ 6,929	$ 2,361	$ (232,000)	$ (170,775)
Unrecognized Tax Benefits, Ending Balance	$ 0		$ 0

- Definition

Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.

+ References + Details

XML 37 R27.htm IDEA: XBRL DOCUMENT

Note 7 - Long-term Debt (Details Textual)			9 Months Ended
Note 7 - Long-term Debt (Details Textual)	Apr. 18, 2020 USD ($)	Apr. 01, 2016 USD ($)	Sep. 30, 2020 USD ($)	Sep. 30, 2019 USD ($)	Dec. 31, 2019 USD ($)
Proceeds from Issuance of Long-term Debt, Total			$ 1,214,500
Line of Credit [Member]
Line of Credit Facility, Maximum Borrowing Capacity			2,050,000
Long-term Line of Credit, Total			$ 0		$ 0
Line of Credit [Member] \| London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument, Basis Spread on Variable Rate			1.80%
Loan [Member]
Debt Service Coverage Ratio		1.25
SBA CARES Act Paycheck Protection Program [Member]
Proceeds from Issuance of Long-term Debt, Total	$ 1,214,500
Duluth Economic Development Authority [Member]
Tax Exempt Industrial Revenue Bonds Amount Sold to Bank		$ 3,415,000

EXCEL 38 Financial_Report.xlsx IDEA: XBRL DOCUMENT begin 644 Financial_Report.xlsx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

+SM0KX&N MO@-T>4^7>[K\,WDT)/5&(*AE?X.O(5QNM"8;?OM$$ O%F9"54]_/KK2@RG< M5)Z;EE4X"6CL#.IG#*9 ]])?"UQA!5GBG&0$<[:E!K&H.1,&CB )\^$P3++4 MVX,!V44.CS0KIUR>MEJMB-5 GH_"8I1"GHS"43R :RXYM54-*Z5J0\@B&8;% M('%\%%H2QYQ*[V;+*OAV<_T#*F4L'"=A6I:4-843YV3%(,R&)3D/RC+QKM.. M("4Y15@F66>7<5AD _CHUT1[7=Z@7OE9-I1S(VW7\/UN_UQ<=%/R/[Q[:VZ9 M7G%I0."2H/'9L A =_/;.5:U?F86RM($>G--3QYJ%T#G2T5]M'-<@OX1G?X# M4$L#!!0 ( )&PO=V]R:W-H965T&M(Z' M\A[]B\N=2/^>)R:;>R(,$4U9Q\RBW7[')9V#Q8LFU^X5M;3L<>!!7 MVLBB<28&12[JD^V:.APXC((C#F'C$#K>=2#'\I89%DV4W(*RUH1F!9>J\R9R MN;!_RL(H>LW)ST0/TB#TX!/<,25RL=(P1P4WLBBH9(N,*82SN_GB',Z>V)*C M/I_XAL):9S]N0LSJ$.&1$&.XE$D&NY$@LE;?Y_HMIS#/>=9>!)P@>4%]((. MA$$8G,#KM37H.;S>B1IHJ/,[ ==OX?H.KG^,'@U.4G$$F<*SZPI,X'J#BIH< M'JIB206F)U=<#3]=7'C"G8$9E_'ZUWL5/AG1#NZ5+EF,4X\F4Z/:H!?!4Z80 MW]0>J')MX0Z4[OB5*&N(QG4+Z)HEC;,V3"34(=#MC"^'G=Z@[Z119QP.X3;G ME1TOP#2E>;/Y4>O&:Y"E'3X-'S^,PF[XN3V/Q:,8>Q%?JGS#. KSMRP>J"[_ M.N%1MS,8COYWP@V+][K5/U@&!:J56WF:8E3"U'NAO6VWZG6]3%[-ZY5\S]0J MIUPXIN0:7%S2$E/UFJL5(TNW6I;2T*)R8D9?!E36@-Y32:/5*#9 ^ZV)_@!0 M2P,$% @ ES%L4?]N50=( P 0 < !D !X;"]W;W)K&ULC55M;]LX#/XKA+<;-L#U:]PL71(@Z;:[#=@6-+OMPV$?%)N. MAZ5<@*IU2+,(FBR[!FO/&6<[>W4N$N9''OW#PQQ',I=#N"\=!-O(@[[21 M]:!,#&K>]".[&^+P.PK)H) XWKTAQ_(M,VPY5_((RDH3FITX5YTVD>.-36GZ5!F, %;(W,;R^L@P5[3LX";K$-((U\2*(D.H.7CLZG#B\] MX[R&WK\S<),1;N+@)D_1HXHI.H$@2]A63.$0S@T[T34VL#HR5?A]I.%+:Z.K M??C&1-='>J6I-/IM^,>Q@J]X9V M2.''8_$_R\?6\Y5N68X+CPI6HSJ@MW2Q MHT\\@[?\P ML"CAQ% 5$]'MWUU*Y$.>#%$1*<'."212D\ >DTR"C8900O'2> MRK:_)B=D2K^".((,;KB^O2@5(O#&(-DVH!A=M#B8$$0<3.G[GG$%!W+>H2#+ MJWLH^N\5HX 55NBPUB@SNT<[](34^K&S'L!'X MO62_?ED],[3E5E<"2 M5*-@2KE2?;_N%T:VKD?NI*&.ZZ85/7&HK "=EY):Q;"P!L9'<_D+4$L#!!0 M ( )&PO=V]R:W-H965T1VH;B)T>1I$TB-T#*/IA+5$'LEJJN^LX M^?=]24EK&;"= ,D7\1 YG..9(??X-K7ONT6,/7U-Q-%G%5 M=4=I'1O\,TOMJNHQ;.?C;MW&:EHVK>JQY-R.5]6R&9T>E[FW[>EQNNGK91/? MMM3=K%95^^DLUNGV9"1&NXEWR_FBSQ/CT^-U-8^7L?]C_;;%:#Q(F2Y7L>F6 MJ:$VSDY&+\6+,YW7EP5_+N-MM]>G;,EU2N_SX&)Z,N)9H5C'29\E5&@^Q/-8 MUUD0U/AO*W,T')DW[O=WTG\NML.6ZZJ+YZG^:SGM%R\2^_K3-ZF/9.@'NHQS^+JG MBV83Z>RR@ZOJNH[=X?&XQU%YPWBR%7NV$2L?$1OH=6KZ14<_-=,XO;]_#!4' M/>5.SS/YI,#+N#XBQ1E)+OD3\M1@MRKRU!-V=[2Q[PEQ>A"GBSC]F'I(ENE- M'2G-!D^^B^O4]LMFON]31M>?AA7_E//I*G[LZ:Q.D_?_/N3I)T_.2?NB6U>3 M>#)"5G:Q_1!'IW3QV^]O+LXOA_9\T:95E??2Q:J:9Z5>7?U-+U]?TA]-5>/L M([I*?573&Q2"KH)7Z!E)QHU@7#OT?5",6XV>Q;3,'2$]\SJ@]_UW7@KY(WJ* M":59\)K.4]=G=\Q3FG;4I7I*@FFGF?>"= C,&4X*Z[4B:1332@QR))-6,,D- M_=*FKJ-UFV;+G@YJ# [).,N$M:2@DA*:LAJ0>2"D9L9+.ASD>*>8!0?% MG4)PNUBUDT41-8T?4-W6.:;/A[,?:X6RS$@^M!?-)*WBSK89XD0HN6VA)0=! M:7@"5B$< B&0V=^BV/T,)L,54EJ8C(&5@@6A-@.I)3-8=/C-6/ V,%L($$P( MA_!D5;S&I$!'&X1!NGLT(![(687_'Z!!0HIACDL0Y9F2AA0L%0X6PTYC!CE@ M1'@F0[A/@P,TP4J$QI? 9880J2+4R3M_,RU +!9^"07:P&U!DM2>.<\)SO= MS0?,9AA@D0W9_]HQS?57<"!ADP9@N_:S''"9,\!((P8SS>0H9X4R. MNT-*<;4E0L G'F'Z5A 89A7R /QG(++C@RU]J9CE-N-@++/E_SL* E !)<(\ M1(%FBG.0*K-3 YQJ/ F.+0?D0 M")ARI38 $E28P[T:H^&^ *V_A N(1$&0*I#UJ"G(6YP0@*2$$.>A,PM 1AE- MF4H@R_E7P&%DL69H/P^'8U;F(J'1<]Z4H,#T/'6@ (P585L80!L2&2IOA]P! M>>F_&22>X4'(A!2;Z\#J4N*A3^!PHMS4CV [/UB@2RUQD []1 G!OY%$H)L M^!M1]2I'US(O> D. -M+>@2;&^:-ND]*OM!0=>$>5 6(4QR!PQTA,WZ.%V3N MJ@[N-KB-?R$?"H9:2/8"\.9[!&!(A4IBX0SN* -I68 #-*H1ZIGZ&D"L19B= M'MK/ 6(SKCQ7#ZOX]O[&%1M\GCI -"R7.R $+FD;MB7$>XN\S/<(GF##"XQ> MQ4DNUQB JSU.OSZS7 ?[5,J?VAL5GI>2[5VUL*RC.LZPE1\Y M,Z)V\TVP&?1I7=[AUZG'J[YT%_B,BFU>@/]G"6_2[2 ?,'R8G?X/4$L#!!0 M ( )&PO=V]R:W-H965T!#V@CYHK8 &KV6O%(S9ZMU?>VZ*M]"2=65J*$R3]9" MEE2;J=RXJI9 B]94-B8/RG=*B[,V&H&15 M=Z>O?1T.##@\8?![@_^_AJ W!&VB'5F;UH)JFJ52-$A:M8EF!VUM6K?)AE7V M+:ZT-$^9\>GLN]" ?#1!=]4>*BTD V5F]_2WD&@NREI49EDAL7ZGN%B IHRK M2Z-]7"W0Q:?+U-6&QT9U\W[OFVYO_\3>*ZBO4.!]1K[G>R/V^7G[ G)CQ]:. MI^_MKJG"4 I_*(7?Q@M/Q'N@C:FL!LDH5V/9=/:HM=O3L<]P&,!'&P=AE,R/28'IU(O& M <,!,#P+>,LJ9K[$ FV$*$;QP@_[8H)C$N$COA&=R2,Y54$R )+S;QB*7=<] MM$#?[FY_H%PH/09*/@!,L)\D87Q]!';P^^IW+!*(0YKX_2N;->375_L)EK4;6MY M%MHTJG:X-;\2D%9@GJ^%:2_]Q':KX>>4_0-02P,$% @ ES%L48N#BFD8 M P 9 @ !D !X;"]W;W)K&ULI59-;]LP#/TK MA+%#"VRQXZ3M6B0!\C5LA[9!LZV'80?%IF.ADN5);)2^,SFBA0# MDJUQB?9;N= T"UN6E$LL#%<%:,R&P;A[,>\[>V_PG>/&;(W!W62EU)V;?$F' M0>0<0H&)=0R,_NYQBD(X(G+C5\,9M$UG?WPLV89:.!5AO0SIK8W,"K[]&D M%R]^\")/&UTGM:_R"KSVX5(7-#D.FE72955:6^;2XSIYG79UN8ZDJRJ.)SRJRNJ)B^:5( ME$18*,,]\H@7318=[TNCVM$3[Z@KE/>C[ME)1!K=;P=GC]5IM&LU.XAK_A;7 M,T7[K:+]5Q6M]:B%<+I1=:Z%VWICL'J$;;OV&6Z83IOW9^"6VQQ<@&9/ 9IG M&95JN/6%E'#C>]34%RA:J!-N2&O-$WP["JD2@FD#)<7/1V1O0.I[GFW)<]HY M/]N)Q]]&W;C3W;&:'4(U?XNJ#D>X538EZK7O5P82EW]UWK>K;4L<^TZPLS[I M7DR[>]9GU$+KCO>'ONZ_ETRO.05&8$9'19TS2AU=][1Z8E7IB_9*66H!?IC3 M9P!J9T#[F:+"W4S< >V'Q>@W4$L#!!0 ( )&PO=V]R:W-H965T6FEK0D): M0!"I0*;MH1,JVOKL)C?$JA.GM@/=O]^U$S*H4H;:OH#MW'/NAX]]/=T)^:1R M $U>"EZJF9-K74U<5R4Y%%1=B0I*_)()65"-4[EQ526!IA94<-?WO&NWH*QT MHJE=6\EH*FK-60DK251=%%3^F0,7NYDSUDCAS M.Y:4%5 J)DHB(9LYMX-)'!I[:_";P4X=C(G)Y%&()S/YD6ZGSFC!R20D9KKN_%[CNT M^=@ $\&5_26[UM9S2%(K+8H6C!$4K&S^Z4M;AP, \O0#_!;@OP8,WP $+2 X MU\.P!0S/]1"V )NZV^1N"[>DFD93*79$&FMD,P-;?8O&>K'2Z&2M)7YEB-/1 M3Z&!!.0KB:DL6;E19 62+$11X"ZN5)S:G=:IPN M&:\UI 0-R<42-&5<&80R>#5U-09JW+E)&]2\"Q0%V5_'V5YOY)PC545R3POA#?\[V>>!9GPP?COG0^YCU^M_>C8@2= M9 ++-WR#[\$>/MQNN@6)=PE)&K4TNTWP,E*:EBF*B5RP_?)EGPH:/Z'U8RZT M;308WUP'X7#J;@^KVVLW&OO7QW;+,_GB/KO1(+P>=79'A1EVA1F>+(P]!GCM M$<@RO ?-R<#SFSP149F3HOY7CI/LIF%,5$43F#G8$13(+3@1Z1/C)_$L/XDG M_CC/T7:$W7:$[](I:G,_A.>:;2F'4K]#O>&9ZNVUZU'OF7QQGUV?>MV#KE" MW-AVK##UNM3-:>]6NXY_:QO=J_7Y8+(8]*PO\870-/1_],WSXH[*#4/!<\C0 ME7=U@]'*IF4W$RTJVY,>A<8.9X3=%?4$L#!!0 M ( )&PO=V]R:W-H965TB#[0TMHA(I)>D M?%GTXTM*BB1'DN->-HN^Q"(U9WC.C,CA9+CCXEF& KMXXC)D14JM;FQ;>F' M$!-YQ3? ])L5%S%1>BC6MMP(($$*BB/;=9R>'1/*K/$PG5N(\9 G*J(,%@+) M)(Z).$PAXKN1A:V7B0>Z#I69L,?##5G#(ZC/FX70([OP$M 8F*2<(0&KD37! M-W/<-X#4XE<*.UEY1D;*DO-G,_@4C"S',(((?&5<$/VSA1E$D?&D>7S)G5K% MF@98?7[Q_F,J7HM9$@DS'OU& Q6.K&L+!; B2:0>^.YGR 5UC3^?1S+]BW:Y MK6,A/Y&*QSE8,X@IRW[)/@]$!:#]- /<'."^!G@M@$X.Z)P+\'* ET8FDY+& M84X4&0\%WR%AK+4W\Y &,T5K^929O#\JH=]2C5/C>ZX >>@C>E38*\2$GW0QI\?Y^CBAP]#6VD*QI'MY\M-L^7@-I]#R@*IV"W)(IR<[(H)+],O& M *1^2)14A 64K2_1?1(O05R:L.LQFI*(,!_0!65(&E^R,9<9V6Y*UAP@VS'N M=QT=YFTU1 U6 [=;6AU%PBLBX;U;)'[2""61UKH 07E@9KB4;ZGWZKHS5^+O7K0+ZA8#^ MNWUSMWL0/I50^>S>^M[ZM2_I==9.61PIOBX47Y]4_!0"PH-!%WW2IP$S%3BK M [D.M-#'!/K]#LSA\<>)\VU0K#?XUA'.3C+$5YF11)-$A5R8[^:M ]JX?,\ MM]^V6;%3EE#G_W1JYVRK.KM.V][ E8L"?C>5^LJV JH2\7?V1\[OZ$#&[>ES M2V'N?[<)T)_- JOG7(X[8]_@\F* O_G-H+YSMOI>1Y81(-T_9%7RC1S,<4.Q M=US<[;QQ)[3 M%LNR#N/S"_'WV:F]FK+V?5I69_Q^Y?D?7@EQO0+CANN>7>G'8A#KM*^5R#>7 MFJRU*6:+WGF2=HROYJ?X9I9UP*6;K"&_(V)-F401K+1+YZJO.8FLQ\T&BF_2 MKF_)E>XAT\<02 #"&.CW*ZX[OWQ@%BC^TS#^"U!+ P04 " "7,6Q1O&^W ML^L" ]" &0 'AL+W=O WBN ;@GH.J.%,F?KEADV'BIY &6CBA!&Q9&KK9M>R(QS&1*MT0S=]!MF&C*<6XG&EJW:!@7^L)"$J:PA,S9 MD7)K8*(4RS9HQY?PQ8'@YP.F2U2_"/(. M 6IH>!(?E61+ JI4X+J=$K4J_A M068FT7"7Q1@_QP=DN_(>G;Q/HT;"!>8^=,-+B,(HK-$S>S.\<]T@IUNEHNOX M>J_PW?(]CS&+XCF M"&Z.=1Z:27JAWZTWT8SK#OQ^HXM^Y:+_-A>"KQ'D&F1QAUM'9(IN?>L'/2_J MC#7S=D)P#'76FI'].N S;U>5MZM&ID>NM^VU0@2>&:1OT(!B!NO,-!-U_%Y] MDOX%&S3F:%#YRW#.N8,_$SB4(V2HY98G^-E1_#,3D"UH\@U@*0:<'.:JB M\-3FKMAOX/:S?6\_CGSZI/?GWNIB^MTJJ' 2G%7B%-7&-2@-*[G+3%&8JM6J M!TY6+2ROS1%8WU@:L.I$@M<$V7H#^CZJ*)9%1,C2:GXYL1M4OQC&?P!02P,$% @ ES%L47 W#G4X P TPL M !D !X;"]W;W)K&ULQ99;;]HP%,>_BA7MH97: M7 DT%40"VET>NJ*BK<\F.1"K29S9!MIO/]L)X9J,34CC@=B.S_'O_&/[G/Z: MLC>> CTGJ4Y'QB)$,6]9?$H@0QSDQ:0RS=SRC(L9)VN ME6&2&V%?CTU8V*=+D9(<)@SQ999A]C&"E*X'AF-L!E[((A%JP K[!5[ %,2/ M8L)DSZJ]Q"2#G!.:(P;S@3%T[L=.1QGH&3\)K/E.&ZE09I2^JB@A2 MB(1R@>5C!6-(4^5);.T$+CEWO)3#U? Y'%%C^_ (L(!31B)0 /&-$TQ MXZ@ 5L*>9"T7[>VR.J;GGF;U:U:_E?4+P[FD.U]*T%*V*2ANT5Q_\90!6^BJD:.(+G-1EA7U:%V9#G4]=C ^4A6K+KNV;LIR]PFS!'OP%0 M2P,$% @ ES%L4;&1&UL?5/);MLP$/T50J<6:$U%MILVD 7$28OFD,*PNYQI:201X:*2 M(\O]^W*1515(; N Y"R%LIND1>QN*+5E"Y+9A>Y N9M: M&\G0F::AMC/ J@"2@F9I^H%*QE52Y,&W,T6N>Q1L08.@#^ZG7$6G5@J+D%9KA4Q4&^2VZN;[=+'AX"?' 8[.Q-? MR5'K)V\\5)LD]8) 0(F>@;G?">Y "$_D9/P>.9,II0?.SQ?V+Z%V5\N16;C3 MXA>OL-TD'Q-20Q M#S. XWD>D(V +.B.B8+*>X:LR(T>B/'1CLT?0JD![<1QY8=R0.-NN<-A\4TC MD#5Y3P[0N%XC>5!QTKYE;^X!&1>6?(M ML+7DLZJ@^A]/G=9)<'81O,U>)3Q MR#+]!W)TBQ]A6\Y-6 9^%8O-:"71S!$ MUV0/G3;(C@(NS;#/U1OIUH'.K_RI6.7T-%= 9^.08)JP=):4NE<8)S-YI[V^ MC>/\%QX?Q2,S#5>6"*@=-%U-;E7"L75O$XP/U=@,> M#9]@>NW%7U!+ P04 " "7,6Q12([H/KP) #A-P &0 'AL+W=O24EZ0'VQR]E.Y9-#FDYT=XDMOS.2#.DR(7@X>Z7IT/A]7TP2ZSZGVQLKG[Y:XHEUGMOI;WPVI5VFRV-EHN MAA1C.5QF\WQP=;$^]J6\NB@>Z\4\MU]*5#TNEUGYYT>[*)XO!V3P9G-ES:OYD6.2GMW.?A SF_$VF"M^.?B^-%\^32['.#FBNS"3NO&1>;^/=EKNU@TGMQU_&?K=+ [9V.X__G% M^V0=O OF>U;9ZV+QK_FL?K@:-5 M[HS3QZHNEEMC]WTYSS?_LY_;1.P9:!PQH%L#ZAFX$\,&;&O ? ,>,>!; ][U M#&)K(+J>06X-9%<#M350Z\;:9'?=-*.LSJXNRN(9E8W:>6L^K-MW;>U:9)XW M7?&V+MVO;\Y+(^=EZ'.1UP\5&NH]8OA71#'%P/6,.IL3 X7SMK-/WG;VF[3Y MR$Z=.8',#W+)=IV*K?WQ6*=R0VB5+6P%]8N-J5R;-@/ETQ4CC!O-+X9/^_D. M=5PPS"0YU(U#G:&82R(.=9-01Z@4@DNV$QX$RW?!\F2PUT55H^(.W1?%K$)5 ML8!Z\_7&A]@[.Z624.Q=Y2C4,4(T-<:+.M1)9:C"GFX2ZK3&0HM(T&(7M$@& M?5,6585697$WK]&[A?L"C@$B/+MB2GD7.0IEA+O<2.H%'>HH)\1@Z04=ZICF M1A(,!RUW0YK;,%BC+9RB;N4%Y7M5EUDRI?P62\#'M]'?R M!Y0Y&81@E%&*>9D+9>Y>4AQ[-],XU#$C&<'8RURHXUAJRB*94[O,J6207VUE MLW+ZL$[9S#XY EHUDPF8K[2K2+X4D @IJ!??*)11HKE47KI"F:"$,2^KDU F MI5**P\G2NV3I9(2?\FFQM-N["MV5Q1(Y\BS74S(XHNK@,LXHIX+X(RJ@(X)I M?\P80_ZPHH)J+WY J+5D)I( LTN 22;@6YG-K./@!!FV@,4-1XC=E M1]V-":8'RMVM1#0<"\$M8.$CH\8&K+[::9%/Y^L1Y%-MEQ7Z_;-=?K?E'XD9 ME^QQ''G]G)NV;98[Y]4JF]K+@5O/5+9\LH,K!$%07X[&?3F:].#H,..TS3CM M8>)/.SDE]3TY&O?E:-*#H\/4MWQ)TH#9$3_27D[)?4^.QGTYFO3@Z##W+>Z2 M-.^^DH*.>(U,ZR3D5^[@U?@D/[4!.F*X9L*?VB&AP-)0&ID/6G(F M:70^B86.^(IE#0!JB(8 '8A#@ [D(4"7 B+2@C=)0_+)2$1"D#V3E!@2=!Q MJ%BSSO1S @IET9JGXI )5&--I*'%J-)&GX[D1$)L?1,NM;WUP0==3>0SJDH MB433H"2BU8 M*[_? $+M6E@&60Z%0C+!_*7OG*:/>(U,.%NK@S!'!VV M6XNG- V2)Z,"!4JNG%!-_;X+Z#!A"OM]%](I28-!#RCA&F)PI-1&6\"D:2CL M! D40$2LJ6-F/YR.PAM(:(C$,C:(M_1'C]#?CR*?3ROT:9G=-T/:FV&!ML!% MT\"5A 4:@I$V#/L(, )TA!!%@$;(*1N%#729P5 R(CDA$?*^K1E,GJ$R;JQ M0ECYX\8HX2\P )VDFM&@DX4ZPHSBPF=K2*A(LX"+!-YB(4UC85=2""G-K499 M4&L%=*XE@QEQ#.@(-FZIZ3^^@H28 !R*;#F@D@$XSS M8$R 2)$SY9<-()UBE,2:NL4_EL:_U[) VFML7@MACBKA5Y]'@(P3[==FQH#, M+:?\C3,30.9@G+)8ZEJ 9&F / T$TKYB"4M:G0("/3D:]^5HTH.CP]U;+?[R M-*B># (<0-AP 0"IB%#>@F8,R-S@KOQB 2"3Q.C(*,=;>N5IXNS$ #PL4C(> M1#SN)KL!9&ZM1TPDE!;H>!KH/GR^?3L $:>^!OV./*0%E,$S!.B\Q BB5"2[>YL<>]GE"&QS%$TG\..&:FX,"[\N .B,%L)G MZ0F@(XZWI(J,ZKSE/)[FO(X8P$/V.B/4M:5?102$S;#@W_!CV*'6?BHGD$.% M]^L'AY&WU,?_+[L=CWB-S&P\Q#A!I,]'(T"FC3#![1+**"$J>%(+Z1Q_X]C= MTL(C[W&_XQ%?L8PEK4Y@@;X]YZR:$]E4VQWW]RN!4> M["^41 4#'N"/<2Q)L*\[]'=FA,2Q :_%6-[#YDL>[I:4&OM!C[O);@ 9%6Z% M&]NCWJ#=X9&6=\1K*FP?CUA]>[#HNEBNLOQ/-"MLA?*B1MEB44RSVC8?4+49 M+']-C);(_ES9O'+618D:3V5DD&B%=8'FCEN*';]^[ZM"T^(QKS<;_G='=^^6?5R_4>4=OR;G(P(<'Y/S M"73\@\#G$]=8X2\NW^Z7S=MF[25M7G[[G)7W\[Q""WOG+@^_5^Y>*#?ODVV^ MU,5J_3K3]Z*NB^7ZXX-U?;9L!.[WNZ*H7[XT)]B]U7?U/U!+ P04 " "7 M,6Q1'09Y45R08*+'M\"TR_R;@HL-); MD;MR*P"G%E10-_"\@5M@PISIV)XMQ73,=XH2!DN!Y*XHL/@Y \KW$\=W7@]6 M)-\H<^!.QUN8 Z4&B(=QH^*TZE=&N#Q^I7]L]6NM3QA"7-. MOY-4;2;.M8-2R/".JA7??X%*CPTPX53:7[0O;:.A@Y*=5+RHP#J"@K#RB0]5 M'HX FJ<9$%2 X"V@?P805H#PHQ[Z%:#_40]1!;#2W5*[35R,%9Z.!=\C8:PU MFUG8[%NTSA=AID[62NBW1./4]"M7@ ;H"MVQA!> 'O !).K$H#"A$CW 0>TP MO=0&C^L8=3Y=CEVEW1JPFU0N9J6+X(R+$-USIC82+5@*:0,^;L>/6O"NEEMK M#EXUSX)6PC5L>RCTNBCP J\AGOF'X?ZH2<[_>5_\L_>39(1U 826KW^&;Y%E M8"_K406@%=95L8*$LX10@LV5[J(EB 28ZJ('KC!MJH-V3UXO\BZ:TMT.\\_ MXG98Q_=Z(^^BJ5X7?T->-R!/DMNOD]MOI3I*Z>*@6[L$U)D!@XRHRY8\EJ0# M2VH:_A?3FZCC-HLR7O>H,Q8@ M>QGI+E4/M#7X[8>RQRPB2BD&E7 M7F^HHQ7EV"HWBF]M7W[B2G=YN]SH20_"&.CW&=>]N=H8!_6WP_0W4$L#!!0 M ( )&PO=V]R:W-H965T(NCN?3C=!Y,,8)'$.=L! M*NV/OW'(IG0+:>ZD^P)V[.>99V;L\?0.0N[4%E'#,8X2U;>V6J?WMJV"+<9, M-42*":VLA8R9IJGVYSAM.V8\L0:]_-M<#GHBTQ%/<"Y!97', MY,L((W'H6Z[UX\.";[;:?+ 'O91M<(GZ:SJ7-+-+EI#'F"@N$I"X[EM#]W[J M-@T@W_&-XT&=C<&XLA)B9R:SL&\Y1A%&&&A#P>AOCV.,(L-$.OXN2*W2I@&> MCW^P3W/GR9D54S@6T1\\U-N^U;4@Q#7+(KT0A]^P<,@W?(&(5/X+A]/>3M." M(%-:Q 68%,0\.?VS8Q&(,X#G7@%X!<"K"V@6@&9=0*L M.H"_ +@UP6T"T [ MC_TI6'FD)TRS04^* TBSF]C,($]7CJ8 \\2_"XW0@<_P*)+- M9XTRA@FN--Q,4#,>*7C&H\Y8]*EG:S)G0'904(].U-X5ZF$J&^!V;\%S/.?K M<@(WOUQB&==@<5S#XK:OLTRJ69:8-J#I?*3EH3:+>W>=95K-,L& 6-P*%IN2 M6&;2*S/IY;2M*[1S*0+$4,%:BAAF2F4L"1#$^J?4WL*ST"RZ%,.3@79NP)2D M_<#UW);O.#U[?QZE2B&F%MZKE 78MZC8*91[M 90X6&S]+!9Z>$CS8T_8XDA MU_#G$\8KE']5,+=*YM:_89ZR@$=GE-*IE))7L%FBM,SH$:0X MC9CB"I;YVPLDY1N3G*TBS!5.T\4?BSU*:@Z,CUQ<*KPGLN[Y=6]X_N53X#JO#XI3*6(Y&L)XN'A8PC#0 M,&(ZGKMG[YC[/Y>_46&AJOZ]%?=:FMWJVCS)HDQO MX2$0B8AY0$+VU-.EYG#"D%:$I(I2*QZOM=*M+I;/[ @/1XQ3P M(,-)AE3/$@K5,!89*5B** 0MZ)8DNXL/=/-=7)HMUW]?U^RS/L3TI4],;GBB M(,(U(9U&AXJ./+5ZIXD6:=Z:K(2F1B&ULU59= M:]LP%/TK0AFCA5''R9*1U39LA<)@*X7F86]%L:]M@3X\6X]5_?-9#R _?LAB'RX\8>;H; MF4&,'R_>_VJDOGZ'_#CY,)E,'R^OC_$+%[C$P8NDBU>07DU/\YJ8HPZZ-211 M+L6PE#GV@*E-.* M83&^(8QN%+59.>&4[3P\LT JF51(FQX:,:%%ZB549A MH<@NG"WPD. &4V0C50:J+Q/B/91$#'(K1]&BM*.656"#6DMNC(R20@KB-.PS M.L/0IL#8@]U[/_,#[C8?_=6I_:>B-XV@SO0TWK'\8S;//:)=O8D6570K]=?& MK$8XW^X5N%>0T];Y;=[7/\4>GF8G5<5V7Q@M! >_]E<73"*RST.E5/3)5+,[ M)34 *(RVH#1-Q\AO1:HUM'J_F]K\M.;9?ZCY[_:Y &*L+%HL_7/NSF,/2:;,Q;Z(#?S,\@)PW3ZSX8X\'^ 1EM^*J?=6\;T>'2%1P>7,D?4$L#!!0 ( )-8?20$3; M8T.P6BP^0"X99K>]9!:G;SP<>?X?Q9JL>-E(_DI>!" MSX+I3"4KQ,E.9\%4=UP#\JPY%WUNH2\HQM=U1BZ^4$19!9,ASA@QI0V M58]J?(J,3X"=Z]+>R"O&#:@%-?!5R?V.B6TY#,XBM*91Q:&YUD$\4_\31IEE M+(&%3/8%"%/'40$O 87.V4X'1- "9D'3A7P6*;D4!H-$EJ(>"ON6,\5;+]-Z MU@9QK1BJ,X8-:IE6X/U!SJ5(06A(R1?*J4B 5)'5Y&B^5PHLR-@!&1\0\B&V M($<.R)$OR'5)4/;61&;D=@<*>UN08P?DN%_(-MK:R.0QESP%I3^0RU]["W+B M@)P<)I)SJG-RQ2W(J0-RVB_D#>Z.)"(#7)*:57@K!1K_\S:YCQV,QQX88V1< MBB?LB9LP:(OLQ$%VXH%LA&275 G%8A\6>GL:PC""H8SK%J;+0K$/ M"[T_%S6@-J;+0G%EH;#YX))"Q@2D-W@+C?4)YRO>G&D\(.;>;'Y5#J/LMO66DTQW&BA]<9ZG1\G1E='KWY MST1;%'5N/FW^W9K._S%8_]CAYBICO(HNV5 :GRI];^9MIZ<'K<;)*CI?4S6< MKZ1TZ""&( X?M(:@=?B@#01MP@=M(6@;/BB!H"1\T Z"=N&#]A"T#Q]T@*!# M^""*4<980-(":P%:$W)- KPF!)L$B$U(-@DPFQ!M$J V(=LDP&U"N$F W(1T MDP"["?$F 7HSZLT"]&;4FP7HS8N/;0%Z,^K- O1FU)L%Z,VH-PO0FU%O%J W MH][\3KV=?S3&S3W/-=[_3JK]^*Z9KY^6S\T%.Q/.&GYDG'X!4$L#!!0 ( M ) $ +$1 3 6T-O;G1E;G1?5'EP97-=+GAM;,V8RT[# M,!!%?R7*MFI<&R@/M=T 6^B"'S#)I+'JEVRWM'_/)'U(H!)1%8G9Q$H\<^^U M1SJ+3-ZV'F*V,=K&:=ZDY!\8BV4#1L;">;"X4[M@9,+7L&!>EDNY "9&HS$K MG4U@TS"U&OEL\@2U7.F4/6_PUU#"*J";"Y#>I$&J]A&LYBV&F+1+W$B MHZMK54+ERI7!EB+Z +**#4 RNMB)#OJ=$]XP[)[\8O].IL\0*^?!^8@3"W"^ MW6$D;??0HQ"$I/J/>'1$Z8O/!^VT*ZA^Z8W7^^'"LIM'9-UR^1U_G?%1_\P< M@DB.*R(YKHGDN"&28TPDQRV1''=$&UL4$L! A0#% @ ES%L47C%RG7V P M50X !@ ("!# @ 'AL+W=O*S+0< $P; 8 " @3@, M !X;"]W;W)K&PO=V]R:W-H965T&UL4$L! A0#% @ ES%L4?YKE@X#!@ HQ8 !@ M ("!WA8 'AL+W=O 8 " @1<= !X;"]W;W)K&PO=V]R:W-H965T&UL4$L! A0#% M @ ES%L4=JH'"L!!0 DPL !@ ("!/2H 'AL+W=O&PO M=V]R:W-H965T&UL4$L! A0#% @ ES%L4>DN;=> ! M.@H !D ("!.C8 'AL+W=O&PO=V]R:W-H965T&UL4$L! A0#% @ ES%L46U.3!#\ P 4@@ !D M ("!X$8 'AL+W=O&PO=V]R:W-H M965T&UL4$L! M A0#% @ ES%L4?]N50=( P 0 < !D ("!KE 'AL M+W=O&PO=V]R:W-H965T&UL4$L! A0#% @ ES%L M48N#BFD8 P 9 @ !D ("!ZEP 'AL+W=O&PO=V]R:W-H965T&UL4$L! A0#% @ ES%L4;QOM[/K @ /0@ M !D ("!>&< 'AL+W=O&PO=V]R:W-H965T&UL4$L! A0#% @ ES%L44B.Z#Z\"0 X3< !D M ("!+7 'AL+W=O@ >&PO=V]R:W-H965T M&UL4$L! A0# M% @ ES%L49KJ+'TK @ ?0D T ( !!8$ 'AL+W-T M>6QE&PO=V]R:V)O;VLN>&UL4$L! A0#% M @ ES%L47\]WVE' 0 V! !H ( !9X< 'AL+U]R96QS M+W=O

XML 39 Show.js IDEA: XBRL DOCUMENT // Edgar(tm) Renderer was created by staff of the U.S. Securities and Exchange Commission. Data and content created by government employees within the scope of their employment are not subject to domestic copyright protection. 17 U.S.C. 105. var Show={};Show.LastAR=null,Show.showAR=function(a,r,w){if(Show.LastAR)Show.hideAR();var e=a;while(e&&e.nodeName!='TABLE')e=e.nextSibling;if(!e||e.nodeName!='TABLE'){var ref=((window)?w.document:document).getElementById(r);if(ref){e=ref.cloneNode(!0); e.removeAttribute('id');a.parentNode.appendChild(e)}} if(e)e.style.display='block';Show.LastAR=e};Show.hideAR=function(){Show.LastAR.style.display='none'};Show.toggleNext=function(a){var e=a;while(e.nodeName!='DIV')e=e.nextSibling;if(!e.style){}else if(!e.style.display){}else{var d,p_;if(e.style.display=='none'){d='block';p='-'}else{d='none';p='+'} e.style.display=d;if(a.textContent){a.textContent=p+a.textContent.substring(1)}else{a.innerText=p+a.innerText.substring(1)}}} XML 40 report.css IDEA: XBRL DOCUMENT /* Updated 2009-11-04 */ /* v2.2.0.24 */ /* DefRef Styles */ ..report table.authRefData{ background-color: #def; border: 2px solid #2F4497; font-size: 1em; position: absolute; } ..report table.authRefData a { display: block; font-weight: bold; } ..report table.authRefData p { margin-top: 0px; } ..report table.authRefData .hide { background-color: #2F4497; padding: 1px 3px 0px 0px; text-align: right; } ..report table.authRefData .hide a:hover { background-color: #2F4497; } ..report table.authRefData .body { height: 150px; overflow: auto; width: 400px; } ..report table.authRefData table{ font-size: 1em; } /* Report Styles */ ..pl a, .pl a:visited { color: black; text-decoration: none; } /* table */ ..report { background-color: white; border: 2px solid #acf; clear: both; color: black; font: normal 8pt Helvetica, Arial, san-serif; margin-bottom: 2em; } ..report hr { border: 1px solid #acf; } /* Top labels */ ..report th { background-color: #acf; color: black; font-weight: bold; text-align: center; } ..report th.void { background-color: transparent; color: #000000; font: bold 10pt Helvetica, Arial, san-serif; text-align: left; } ..report .pl { text-align: left; vertical-align: top; white-space: normal; width: 200px; white-space: normal; /* word-wrap: break-word; */ } ..report td.pl a.a { cursor: pointer; display: block; width: 200px; overflow: hidden; } ..report td.pl div.a { width: 200px; } ..report td.pl a:hover { background-color: #ffc; } /* Header rows... */ ..report tr.rh { background-color: #acf; color: black; font-weight: bold; } /* Calendars... */ ..report .rc { background-color: #f0f0f0; } /* Even rows... */ ..report .re, .report .reu { background-color: #def; } ..report .reu td { border-bottom: 1px solid black; } /* Odd rows... */ ..report .ro, .report .rou { background-color: white; } ..report .rou td { border-bottom: 1px solid black; } ..report .rou table td, .report .reu table td { border-bottom: 0px solid black; } /* styles for footnote marker */ ..report .fn { white-space: nowrap; } /* styles for numeric types */ ..report .num, .report .nump { text-align: right; white-space: nowrap; } ..report .nump { padding-left: 2em; } ..report .nump { padding: 0px 0.4em 0px 2em; } /* styles for text types */ ..report .text { text-align: left; white-space: normal; } ..report .text .big { margin-bottom: 1em; width: 17em; } ..report .text .more { display: none; } ..report .text .note { font-style: italic; font-weight: bold; } ..report .text .small { width: 10em; } ..report sup { font-style: italic; } ..report .outerFootnotes { font-size: 1em; } XML 41 FilingSummary.xml IDEA: XBRL DOCUMENT 3.20.2 html 88 229 1 true 18 0 false 4 false false R1.htm 000 - Document - Document And Entity Information Sheet http://www.ikonics.com/20200930/role/statement-document-and-entity-information Document And Entity Information Cover 1 false false R2.htm 001 - Statement - Condensed Balance Sheets (Current Period Unaudited) Sheet http://www.ikonics.com/20200930/role/statement-condensed-balance-sheets-current-period-unaudited Condensed Balance Sheets (Current Period Unaudited) Statements 2 false false R3.htm 002 - Statement - Condensed Balance Sheets (Current Period Unaudited) (Parentheticals) Sheet http://www.ikonics.com/20200930/role/statement-condensed-balance-sheets-current-period-unaudited-parentheticals Condensed Balance Sheets (Current Period Unaudited) (Parentheticals) Statements 3 false false R4.htm 003 - Statement - Condensed Statements of Operations (Unaudited) Sheet http://www.ikonics.com/20200930/role/statement-condensed-statements-of-operations-unaudited Condensed Statements of Operations (Unaudited) Statements 4 false false R5.htm 004 - Statement - Statements of Stockholders' Equity (Unaudited) Sheet http://www.ikonics.com/20200930/role/statement-statements-of-stockholders-equity-unaudited Statements of Stockholders' Equity (Unaudited) Statements 5 false false R6.htm 005 - Statement - Condensed Statements of Cash Flows (Unaudited) Sheet http://www.ikonics.com/20200930/role/statement-condensed-statements-of-cash-flows-unaudited Condensed Statements of Cash Flows (Unaudited) Statements 6 false false R7.htm 006 - Disclosure - Note 1 - Basis of Presentation Sheet http://www.ikonics.com/20200930/role/statement-note-1-basis-of-presentation Note 1 - Basis of Presentation Notes 7 false false R8.htm 007 - Disclosure - Note 2 - Inventories Sheet http://www.ikonics.com/20200930/role/statement-note-2-inventories Note 2 - Inventories Notes 8 false false R9.htm 008 - Disclosure - Note 3 - Earnings Per Common Share (EPS) Sheet http://www.ikonics.com/20200930/role/statement-note-3-earnings-per-common-share-eps Note 3 - Earnings Per Common Share (EPS) Notes 9 false false R10.htm 009 - Disclosure - Note 4 - Stock-based Compensation Sheet http://www.ikonics.com/20200930/role/statement-note-4-stockbased-compensation Note 4 - Stock-based Compensation Notes 10 false false R11.htm 010 - Disclosure - Note 5 - Segment Information Sheet http://www.ikonics.com/20200930/role/statement-note-5-segment-information Note 5 - Segment Information Notes 11 false false R12.htm 011 - Disclosure - Note 6 - Income Taxes Sheet http://www.ikonics.com/20200930/role/statement-note-6-income-taxes Note 6 - Income Taxes Notes 12 false false R13.htm 012 - Disclosure - Note 7 - Long-term Debt Sheet http://www.ikonics.com/20200930/role/statement-note-7-longterm-debt Note 7 - Long-term Debt Notes 13 false false R14.htm 013 - Disclosure - Note 2 - Inventories (Tables) Sheet http://www.ikonics.com/20200930/role/statement-note-2-inventories-tables Note 2 - Inventories (Tables) Tables http://www.ikonics.com/20200930/role/statement-note-2-inventories 14 false false R15.htm 014 - Disclosure - Note 3 - Earnings Per Common Share (EPS) (Tables) Sheet http://www.ikonics.com/20200930/role/statement-note-3-earnings-per-common-share-eps-tables Note 3 - Earnings Per Common Share (EPS) (Tables) Tables http://www.ikonics.com/20200930/role/statement-note-3-earnings-per-common-share-eps 15 false false R16.htm 015 - Disclosure - Note 4 - Stock-based Compensation (Tables) Sheet http://www.ikonics.com/20200930/role/statement-note-4-stockbased-compensation-tables Note 4 - Stock-based Compensation (Tables) Tables http://www.ikonics.com/20200930/role/statement-note-4-stockbased-compensation 16 false false R17.htm 016 - Disclosure - Note 5 - Segment Information (Tables) Sheet http://www.ikonics.com/20200930/role/statement-note-5-segment-information-tables Note 5 - Segment Information (Tables) Tables http://www.ikonics.com/20200930/role/statement-note-5-segment-information 17 false false R18.htm 017 - Disclosure - Note 2 - Inventories - Major Components of Inventories (Details) Sheet http://www.ikonics.com/20200930/role/statement-note-2-inventories-major-components-of-inventories-details Note 2 - Inventories - Major Components of Inventories (Details) Details 18 false false R19.htm 018 - Disclosure - Note 3 - Earnings Per Common Share (EPS) (Details Textual) Sheet http://www.ikonics.com/20200930/role/statement-note-3-earnings-per-common-share-eps-details-textual Note 3 - Earnings Per Common Share (EPS) (Details Textual) Details http://www.ikonics.com/20200930/role/statement-note-3-earnings-per-common-share-eps-tables 19 false false R20.htm 019 - Disclosure - Note 3 - Earnings Per Common Share (EPS) - Summary of Calculation of Diluted EPS (Details) Sheet http://www.ikonics.com/20200930/role/statement-note-3-earnings-per-common-share-eps-summary-of-calculation-of-diluted-eps-details Note 3 - Earnings Per Common Share (EPS) - Summary of Calculation of Diluted EPS (Details) Details http://www.ikonics.com/20200930/role/statement-note-3-earnings-per-common-share-eps-tables 20 false false R21.htm 020 - Disclosure - Note 4 - Stock-based Compensation (Details Textual) Sheet http://www.ikonics.com/20200930/role/statement-note-4-stockbased-compensation-details-textual Note 4 - Stock-based Compensation (Details Textual) Details http://www.ikonics.com/20200930/role/statement-note-4-stockbased-compensation-tables 21 false false R22.htm 021 - Disclosure - Note 4 - Stock-based Compensation - Assumptions (Details) Sheet http://www.ikonics.com/20200930/role/statement-note-4-stockbased-compensation-assumptions-details Note 4 - Stock-based Compensation - Assumptions (Details) Details 22 false false R23.htm 022 - Disclosure - Note 4 - Stock-based Compensation - Stock Option Activity (Details) Sheet http://www.ikonics.com/20200930/role/statement-note-4-stockbased-compensation-stock-option-activity-details Note 4 - Stock-based Compensation - Stock Option Activity (Details) Details 23 false false R24.htm 023 - Disclosure - Note 5 - Segment Information (Details Textual) Sheet http://www.ikonics.com/20200930/role/statement-note-5-segment-information-details-textual Note 5 - Segment Information (Details Textual) Details http://www.ikonics.com/20200930/role/statement-note-5-segment-information-tables 24 false false R25.htm 024 - Disclosure - Note 5 - Segment Information - Reportable Segments (Details) Sheet http://www.ikonics.com/20200930/role/statement-note-5-segment-information-reportable-segments-details Note 5 - Segment Information - Reportable Segments (Details) Details 25 false false R26.htm 025 - Disclosure - Note 6 - Income Taxes (Details Textual) Sheet http://www.ikonics.com/20200930/role/statement-note-6-income-taxes-details-textual Note 6 - Income Taxes (Details Textual) Details http://www.ikonics.com/20200930/role/statement-note-6-income-taxes 26 false false R27.htm 026 - Disclosure - Note 7 - Long-term Debt (Details Textual) Sheet http://www.ikonics.com/20200930/role/statement-note-7-longterm-debt-details-textual Note 7 - Long-term Debt (Details Textual) Details http://www.ikonics.com/20200930/role/statement-note-7-longterm-debt 27 false false All Reports Book All Reports iknx-20200930.xml iknx-20200930.xsd iknx-20200930_cal.xml iknx-20200930_def.xml iknx-20200930_lab.xml iknx-20200930_pre.xml http://fasb.org/srt/2020-01-31 http://fasb.org/us-gaap/2020-01-31 http://xbrl.sec.gov/dei/2019-01-31 true true ZIP 43 0001437749-20-023427-xbrl.zip IDEA: XBRL DOCUMENT begin 644 0001437749-20-023427-xbrl.zip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

-8U2P(P/W_?H-'UXM/(B6.R9.Z;=J--QE)#B]8@FPCA>-HR?)#/BU?+R9A'3P8 LT(#I^:'P%>CH*GK3ZX/-!1]@@2@O M/6$(MH>Q >8\G:4LSH%'7&>6,*# 1WX,<6;JS[E#AD.8^/D6\B0\)5 [)-O[ M*]Y9.P:0Y@P';#%R"6,7I0PS8.;R1[5X,IO BX$P"K<@NN]S?_2URS;_&3NE M<[+']OR:X!C8D.,4&W)T])J;,;V:\4O$[LKX1._*:(H8-HDD3K[A!RJTXRDT M[#!TD@KMFDQK"TM.7.\35U!FG7K/6H]+,3@](B+9IB*K>G\O8^P<4+H@X&;1:HJT8IX#6 MOB8<>+-U'ZO[.G2_(2E=/IN@A<-CSJ?:9F0_IYU1)E F4"9.(TKES5HW1:;T M)$#^(_GWS+]S A*F&*_BD<,]-PC@*/[%8X7=A>OSD@;]3(BC^^QG^:S.\'/* MBKH*C*YC?]Z+%[_"P]O5+O(HJ+76[3EM*K124D<8^5CU3]U6-CV+ B8.2P?Y M*@I$N)\2W#FLU\-*O-X^T-<]#JS$.Z4T;H_2LZ>Z$X&;#HC6)]%JR:)N6*> MUEX'S1S9.JS$PZHCK#K"2CR4"90)K,3CW5IC)1Z6'7%6=L1+_(N5>"@2?(@$ M-T$V?Y5X7>[M/%GH=B"SS;@X_R'L+#%;C/UV.2U7D06N?1U6@U MMP2(%>@Y0=#56%TIA?HK[5;85?3H+'<,O??3,6!DI9MI?@4#0";V7=8VDZ\Y M_U)[7=G*E$O-4F,R<6 $[XE&H4O]6TL.;Y(U3%WT.KVG%VK0/J*#HI'H"700 M[5QUF>=*H;RTNGI95%Y[5%ZRS;WR,D3IV2DO63F7>Z.]RC\WWT30=%<,R_O# MRZ^8$-\X#S^"MK%-Z1 M!-YV<>_$7G(3@>HN?TZOQ_H:I?^/ 'UN- I9F_+-5T75[(8KH\[>*Y8J2:NS M[)SL*G<^^T ,^1U ZUV%8%5'/@3;%TE"TN3"=6>3[$J$BTD4I_Y_,@NSQ;1U MN^'>*9BV)$M&"8R;$]3YA)Z&*TRHX5JJL_>R)1ME];;'"7TEVZF&IMN'8#4T M$$2U%?$P^$Z$ME(*4B.AIJP:[;B\2N@,')<45/A%Z'WV'^A/R:]QE"1;,=-L M9*:L:9)ME&[W:AQX6_K:\-!JY*&L24J5B>WH^Q7\T-_AK]_":W LOPV_QQ%8 MMO3Q>P#.Y"?P-Z>392NP\<5>JM1T51VLO:J4%$8[:CJ9P4:7?,$,&G6$I5GR MCC.@RP(/#OUZ1B^YS?\$+X3M,S,%#W"4)1]=DQ"Y\_,)BQW]> M0S1!Z!\^T/MX2)(4G[-O78[IY5XTX,D>7\,$6*LF)NBF(1NE^]A*4^)HKE<_ MH]!WDZN),X*OMIAOHX%7;54MW_7'YWP_WOS98I+-LFE9%6AS.<>++]BF>S[/W)D2-QJX(V?M<-]5M33>$GKW7 M0.RM777;WN?;2KM?<2M:HT>KZ+) MLBWM&JO5A,_'TV_K,I*ZH5N[BOO>)[NI?EN3L=0T6RW?Y\[GA%OI-[O1)9=- M59&[\&SV.LE6^JUY:TG7;;)^(,,H7NS%DN330QH[4>SYH1,_,IA^!=#"-^,H8,BEO3Q( MLF,*!*+D1M=YH!BF9)BEJ>]O%L=CUT9A%;"KT?$>R(:DEK>C3I)=&^D&8%>C M!S]09/#ARNK_)/FUD1H"?C4' [:D*>5 ]L#L@A=\]!,WB))9J7JJ'3[H!!,P M!JH!7OO[5E5I17EGRHHZ0W(O4&\Y7"G>G->Y57J3'JA/Z/)9O#2:OJT]B9>/ MR\KAZT_1K>W1NJ]#-MV4!QKG3>5W=8?JN)E]!FN!"<9ZHA=G/&J.>'1ZJJ,H MB2[]A1U-8<"I--PM/4'KJNM.@Y1%8+" 7JEJH9]7? M-Z72[QB"B=A+0$!H"3@-,";"-([N_*2H_<[KP5,*-.'V47"FT^"1U@/3KX"V M!5/ JH'#<.8$>><)VH,"OB" )HXU/=7U.*@SEA^R%8"C\R"N5T7XD0Q+'[($2R6 19D&: M%_"2R32*P7K ^X'0F(0NG11)[PG)7AJ3*2T. BJBH>!,HAFMY:4$#<'J0-0% M4TR*H%*8SN)IE, ;*/V+0>=_/Q> U0FI#!:S2CI:*PT+!R"@["D^3X4)2<<1 M+,Z72"O>+]*/@YDW9QH!O@*-K-**\;14Z20*]TX<.V'ZR#ZZ<]S\ M.=>-8>7@9?3/P-^9FQ5R9I1ZE$ G"*)[A]'/QHEFM^EP%M#O9AR"88E_QVQ8 MQHL[F$T44WP!;N]R5JQ#5C83&@GEA8U# L8+V$W?QUA>Y@5YH'5W1*1EUO=@ M]NB_O6+YVWQSJ[,C^Q/7@=(LKGQ1NDZQ?'%"9Y2)A@,1)?T?$RKGSO$#!H[L M5,E=AI*0C)RL7_$R]S'%"X>"PR/=/=YL7]>84B?"F@)&1 X8R-%X&KM]1#-@&K7 M7"/NZY!+\WF%#H91)7$=NK=]+77C*_Z=<#USQZ5EG:]FX$^H06-P937.3#-# M?)# [$0Y5A<^2+(#WVC0\_*Q%3!L0>H_F16(T/L*([NT_%Y>_G%4VI T[?, M)-\ZB9]D4@S_SJ6.&30GZ?"TT=-'46$U0=/,QU]816'L4"\"7(BYCP+8R4T? MQ<&"YS7*!^0U]<'8/H*%'OL42W%GBB*,TLHJ4^OGYBKREGH[\,W_D+(3Q>QT MW1P+-0N:9Z[XZ /"OV=.#(XCN#+92G5XG@] \UA9 W?LA"/0_,.YG6 0J#<, MWBRF^IYI9G!]'F$A:.E^H29]IJ"!!=37HN[(>G6?>YWPD@D[^%75]=2#2;I; MMH6 !0UK>% 'I^$' M@>+J2@"^.#&LFV+6*:3L"&\,*+CSXUDB7/B>*/P@@4^&F3/_"*VVZ@4@@#0A9F5(6@\#4R1V+(%@P5\0LE$HG%6E01<-# MYA" 20I'-'2B:E*XS7<9J=L;93I'H&VQA*_??@=NQ? :&C=WA@Y%DJT]N4VR M77UQATI]^9* (D'0T>N'H/:JJPW:/F9+29WD/!)EH>"\2Z8C%(8E9)\ W*E% MB#/[$N8AZM1Y9.:%?D*&L]!COU$%ZN2#,"\\&;.#Q,Q4SL^O.X+LN CZB[4#[#3UV0N??!!%/( M7U58KN)%N?EC'DI.G^"2.'7@.1!,MB'(.@%$Q:YZ%LTP/#,XNX'C3Y(-W%DT M&$]GY&HR9WMOO7"@EBX5JT5-BQ/. =^= R^=ZR\JLQ/987TGSG-8^QA37A[S M-)9,ML\K:Y;E[FC&\E'P8I]F,W)M5M*;"V7TUZ0.S=1A2-/8OYUEFUVP)J7^ M'*!]J :BVF9-H$4M,$NW@/L/+_&3\2(?W)7] ]YR1G.(YP.<;-\R0HE_,Y"NK>@/4J2NU M[*>!-SW-!"]XY-WJH7U>W[WH>.9Y[CIV:"FE=['F-;RF">Q8H>RSAM' M$4Z+L&%#0]<]*'Y1U%5CU*6IDTUYY?W[LG%'[]9X9!/']9;*$Y=S[^4F[!X8 MTK+$,[V1+/C',NPUE18E-9!II7E[PB@,'@5G2-USCZ1TUS?,DOX0*&0%'0&Y MHWNZ;,-E!EXG2X2"NIM$,1D$_D^ D3" Y\.NLHW+FRXL(Y^P_ JK6UET5J1Q M#8MX(,:9>7YZ+GS.4U7%0T F(6FQC5$B>;\4@^NX;NKE=+&J76XE5R<[=-U!YLY#6-9 ' MF'68I5EH"U@8_%^SV$\\G^T/G@M7F:036M#%U"\\L=ANS>M\F(2OYJ-!6(K- MYLR]R_9YRF5?;#.3&8.LV,PO*M'I!U,2.@%M-B>P!K6KV8^,MH69H!4[\_KQ MQKK>Y2+T^MKPABKR3]G8'W+UM5L'#[VY@XUA*W8-H=7AMZ-QLZ/X^IH&-.IJ M17]'-&YVB$MO/E ^ '=?*C?[ZYR5[8]IZR*9GFRG&2MF22Y+OC>\NM MWS9GI-S<0LJ2RFUX5D?>F++->"Z$WL>&37$YC-[4CA MBXHN5V'7@J!.)K'A"8_=A4"RUQRYU4Q% M74_[G(Q=*-Z4V8V.B:X8EMX5Q=]C,@5_ICCDE+N%%Z'WC5:B92?X=V9^HZL_ M,#5#D8UUEZ-39GT4U36V^IMYEC%M#FC^[:[\!H% ]%TZNT5\;= MC*@-NPH8S8W6%=.V.R)JP[/[1B.63RC)U"^+HUN;$^5<4L[*6*&2;7M%P?A8Z3V/O=9MH[[OQ KA" M^9!R5HI2/V1VW55I8S?;ZTS>'&&Y-H+._.>*3J[@5]!?+.TWE7I(E#>!=A7] M@]B!AFO;=9W=V,[!M>U"*PK;WV3,+7WP95C(\-T9N/@YK65SXA+JZ'1O4-K1 M__2%S/+T06 E #7W,:](^LJ8?_G,_O.V!U/.6!'!?$*Y=0RU0%H>2AY/$M>>"T+/R5YR-Y<^=_3Q;_2<'"!S9?!DF# M%5 M'AROW-,TK!<-NN0HI5Z,E!_.O3#)^R$_$0*O9#+D%_O*2;0Q@GLD8M52 M9 7I+:A17U1S%RS2.1B%71WW$#73%&556='K/"R%$$;WL3-]=Y;]FPO$<$$$ MPM8P +:Z=@JPW;?/L2]CQYN!^T<4_QS !],X&M$.*6CCMB7B)'2$IMFB;J-A M0ZSV *NR+=J2<0I8[6OHQILUHS>+L%8=HRCRT)8];_T@B[ILBKHAGX*&X!0H M7!!Q(FBEOI>%T1G:LU+ZL>B23X\V_G[U^9O@1DF*=JW8TFB_/]4/A;+1C+K1 M.R]E4;$L43.Y#/KJ]Z/JM-$K% 04A!T%0=4-436M4Q.$?4>7Q]_Z[,4#Z!1U MW'YCWGWC)@*Q%EH7*S\CP_"D8E5!L=)KE@)2HUFYWAK;:"8=V0A%E$$D+5GE MP$0L&P25%>YBG@%EXVBR84FBKO*0D-^/;"P.N=2=HG&(*FN-A\QE73;U:E.=NE&WHNSIWB% 6?-M]YIF6[JV)64T1_(COP]I M*XXU7](.43($R35TE<;<@JI6W&KN^0$A"T0L6U&U?'BR+8_TQF.<"EA',(XU MU#0?F*RCH@U/].:F.*"'0 UM1,4/Y_Y+4>:W'7":F^%HIBFK=< I#[H-7:V@ MTWAD6C8,4ZX5M!9TT;(1>DH]G=9D MVY;J+'VQOA-SN'H@EXLT4DW1Z79%,F286LE4]2>J,XFLV$W)J51 MQ 80JZKEEH(=3R9SFSM=&;E9+$%;:)+^Y&1JB.IL,ANNC-SH\ ]L23/,O3V;09:K/(&+*M&VHGD\EBR=^7->P6O1_- MQJAM(-N2HB^)Q6+@36C:L%5CLXD:F*I:<>>W)FG#!$^S31HHIFK;79"T83[' M; PA!K(!<:VV'R[]\[JX=R$+,2_G;:^8:PZ_3J*01:*%9[Z@V5::T"8\)&]" M/WAWEL8S>!Z[9<<):/? JQ \>KJ35D=O$Q(/2N\/0F\1(MXG)Z:W M'"5/A3Q ]W'@NA,V&G.H._!ZC?'1G."M5N](7>F-Z@3L!\Y MW(S&MM@ >IMP7Y,.PC3LI\G M%T=I+@-0-5DIWV!0,S4.YW[U,PI]-[F:."/X:HOYKRE 4*7RI5K]F/_'FS]; M3'K-G3^RUK0O<.X,7TPQ:3:KZ P5!D MNUS#LZ])K26O.=FD:"!Y72.MS@L^EF)5F[/YU%TRI;[-?4/%JC:7%BB:)$N] M6_LVBE5MKF609;U/.;?1K*K4F'53#+E\C=:AY[RU7E6EYE 7/%9)[=I8 M;';%IBJMR>#IJB7MPVE9CB"/IE?UQK6A26EE'P[K7N>^J5[5FRO()-.TNI:W MO<^_E5XUFHN5%=7LW9JWTJO&FNL)-X;ZE:M.8UIJ)*D[,-G MW>O\V^A6K;F^ 72,U;LU;Z-;M75E$+HA=6U0-ICTUJI5DYMWY.$GJESW/ZNU M]#7OSEN6H=H;25<\A-[WF"2 !O;KMV%>2.0$<]0D75SN)N'E M;K7]!'I\N9O7U\)E%$^CF*VP\#*%[[ 9_^4!%+#[EN[3.>'CXD_>VU=[ MOT).K!R:IE?'4;)B$H"R]4I32N;:E](39?H=%#<,$[.O=$1B.HX)J:Q^A]?9 MA?!P14?,\3:!A\>)0&"ZW5V>=X0+^Z@E%ROL2RO(K"YC4CHW]%>!9$>7<$&Y M7M#%B'24Q38N2/"+2&A,*77 MB\? NWL_'4>S%/X*+I_@S#P?M._Y?HW@[I=G\FR0KT(F M'4#ZFQ!64'M#@C MIOM$^E%"RLHP)L. N*G@!('@>/^:92=W$^$E"!BX9S24878O#!Z%,(HA0(*O MT%,[;+T67W@%(0(]?>[$C[17Z#1SZ82AX\?P34K1L(AGA&F4L,*A)@?A6*8_ MF04K5I[IFJJ&H:R"!WS:>R2?)V)V)\Q>0ACG^"$LW)!"+ ,!,'X816D8I43P MYH%ODJ,00.6';C"C"AB^N0!7"=MS+0,/.*X+L21S3JG.8;_/0@;O*6#9]:BXX^0:B:!Q>(,(Q<3X)#KB"6MMK!)@))HXJ<,%S7K M TXSR%T4DQJ!3$ ?!N!)4T Z;'AX[;]F8=:&E]%>E:;2=RG/*+\2^DA,0 [+ M/*)?RUWMOR;"11C.X-M961C(M_ 9^-J5T,D5\S+X;6Z9'XD3=VPV5VYJ7A\- MHUAN%-O5:T6ZG#[MZ^!/YJH0)*TSQRNJ]I@N3(O/I-X#L4M]$#J@J2 O'3LI M" =HYDQP F".-T?=< 8?#$&' . I O>LK+M?B7YC*%R5$56-Q3C4AZ'/%D<# 6G$2THZ6[BI*,VLDP+S<#*"Y\EX:N=T#B"-!,^<%^ M!8T/+IQ#'QS20F8Q(SZMT%4,07^."CK7MTD4@IB"VY0D\!G@&]1Q.@;XT^T#\)AI ME#<:+PVSIVBVP691Z[! "Y#M>"!A":%4,YZ#LU86=W#LJ*3=D0!> A,2@#AV M#P(X=OZ(BA&=C0_/9LNUSZ6Z'_ONN'#FDF+@@+E]3A%*.0R_F7>:3(GK#V%M MF8:@B6?XC:F=) 7^Y+T%-!@KH)'IB1DNGDX _5( MBM5FSK28,YVZ-6,0;( )..%YH))%A07^IU1U4OR4&36B^CMD"Q14!0_!*/]06.5EQ99@R'5%@99$4$,LO 3R DP/N M!. U0QF+#Y/9$*31G[\[]U(6#*1B5%)6M^0QZBX5E]Z3X*Z:B\XSF,SIHN27 M_0(_26;,,\E_I[$RFQS%]2S,LW2E<+PV(?^> M4=B1NVSSPYTG[X9I[KF6U[XVKT#CJ/S[,=TLB3-52C,J+#\8EQ(T1::A'A,U M4?$%6)M<+Q=$A* [Z?=BJFOW:RP6=,S=H<(#6U8.6A>21F(3AMZR#]F8U"G5WG1<6K-4N$/=G@O7 MC2%ZZZ:MH&DWMU76+;/)J6>])OHPJ6* MF79;=<*1?QN0"]!(.Q\QEIL/E,B*;=90WDC)KH1OVI:H6;C,2C'TKH1_CZD* M31^_0WB8EKNR[QG13*9K1LVA"M6:?(AEYI\MF*GJ4IQ&1(J-O!E,YW)_X6,V/I M_1U\2_*=Q-=C&AEOT7D=]%T]X0-8YD'6Q2"A+T_.WDOG2]/#3=U M?.\3!$!A0L#D9%XM;6^C+AF0NH?@I"G8GN55GVD;/WY:,J@^R.5Z:BJ=3'V3UJ_-Q_F/0'RM9U.F M=DNML"#DV@F B/VYXLWLM" ,JF?F$S1U-YE-??$UMT-4@]'N)K.],[X&XXUG M/I6LS?VZF;3Q@+>:Q*9>?'-/=TU>=FVVFD3]@FW?3MU:EG-$;2A2:HERQV3NMV59D!HHTB:.B"YW,QKW=@[4-F*G8VY(-.6(9S0 MMJ'R![@-673:L05L3EQ)P-02K4T4;$GGI@J@V2F4-+/<(:(MG0EQ8G<,3/^X MV,[.W3(>.OJ5VFPUWL&VUNYS-L/ZH_KE63;EOOHTR]*!_/+4MNI@S-G42N?N MRU/;RB?=V]2V;[6WYDI1%0RV5%8P:XCO>)YK*5YSW>B!*#Y"0[X2 ^RMTA:< MS?!)O=BX_=FG6=;J1;5QP[1/4ZO5BVKC77C'F=H.K?*:PT?9JEPHN8/<5GW$.9OA4WI1;6SXVZ=9UNO%QK:_?9I:O5YL;!E\G*EM MKQ?UQERGKLBJJAU'RZRE>,T%?P>B^ C-\$H-JAK3TQW;Y".TO"O/\@ 1V2$; MVY6G=B"'_U#]Z\I3.Y"7O_\N=A>([$LX(W>@! M&*>QXZ;_\-/Q95Y6_NDA/V1TD9^VNW$>>,CL-F=T&NMRZ874-,]=YM7&<^\A M\S:][*6Y@-BR5N(^#YZUNFVF^0)D6;$LS>XOTYZR M_&4F;!FF[F4^:U>KN:Q:5K7*CBP7R\73/3>*V7P]MF78!G=*E;>+YG/ MVM5JONA%IW<0\89QKFX):K[(6C=47375Y\:\3:\94AK1IVB691O/CH&M[BE2 MU]U39$C&,/HMJ>[,$ G?,8&F#;2*U,;2U%4DS9)VSY>+I M@B75:LRE6))DR IO-IVW&YK4YK)Y538T6>--67!QQ9/:7,&OV)*D*,^-::W, MDK4F+K=UV>0Q7.IH^Z[,A2TWQ?2S%T7>O48[UVQ\2;T<-#],Q0 MF$;Q8WXZ\X;V6=WB7BEW(!_D2JE*:RQ!?_%6*'?/RJYV6KEH:.>;B^JOL>KB M,JOJ35:WCOMS%$>ST!NX41#%;X1X=/M2T751*/[OU5MA^;ZKK)58Z7WS"Z^Z MOK%):$5@72.UTHU3_),'WX4E#-^=@;N3DUJ^#PQ3 M14LY09X^"$QMLJ]+HD#_]ZKAQK.5,?_RF?WG;>=MT7.VM;_S[)YD4GX;!5ZG M5Z5=D^GB"IN&CF*-5Y#Q &$AURCE)4>Q0['C6^P^$G=^/<.S$;OBLL+]&/JG M9.IY?[X1[R4-V*Y:'#A9N4=I6"\:E$?G(Y;ZRPKE/Q0XG]_6^<.YI[<(L.@K M:2FK^73D%WNZ0;2-R=LC#:N&@5'UR]/$J"^JMZRRH.9@!';52%?43%.4565% MBW.P$$(8WX,(##<\>LH8!D-6U_D-VO][%OBP<;U;M'U'\

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end