Segment Information (Tables)

6 Months Ended

Jun. 30, 2016

Segment Information

Schedule of financial information with respect to the reportable segments

	IKONICS
						IKONICS
	Domestic		Export		Imaging		DTX		AMS		Unalloc.		Total
Net sales	$	1,943,516	$	953,585	$	999,596	$	33,476	$	266,405	$	—	$	4,196,578
Cost of goods sold		1,105,206		735,169		425,120		35,062		373,810		—		2,674,367
Gross profit (loss)		838,310		218,416		574,476		(1,586)		(107,405)		—		1,522,211
Selling, general and administrative*		345,000		159,621		247,682		39,630		123,286		409,951		1,325,170
Research and development*		—		—		—		—		—		147,125		147,125
Income (loss) from operations	$	493,310	$	58,795	$	326,794	$	(41,216)	$	(230,691)	$	(557,076)	$	49,916

For the three months ended June 30, 2015:

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

For the six months ended June 30, 2016:

	IKONICS
						IKONICS
	Domestic		Export		Imaging		DTX		AMS		Unalloc.		Total
Net sales	$	3,297,244	$	2,196,770	$	2,117,294	$	110,356	$	488,124	$	—	$	8,209,788
Cost of goods sold		1,951,605		1,697,658		964,902		70,486		706,252		—		5,390,903
Gross profit (loss)		1,345,639		499,112		1,152,392		39,870		(218,128)		—		2,818,885
Selling, general and administrative*		704,397		302,652		499,053		74,373		227,189		956,622		2,764,286
Research and development*		—		—		—		—		—		324,989		324,989
Income (loss) from operations	$	641,242	$	196,460	$	653,339	$	(34,503)	$	(445,317)	$	(1,281,611)	$	(270,390)

For the six months ended June 30, 2015:

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

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

Schedule of trade receivables by segment

	Jun 30, 2016		Dec 31, 2015
Domestic	$	914,249	$	1,206,077
Export		512,699		528,372
IKONICS Imaging		240,468		341,980
DTX		16,664		26,314
AMS		162,093		164,639
Unallocated		(34,942)		(102,188)
Total	$	1,811,231	$	2,165,194