SEGMENT INFORMATION (Tables)

12 Months Ended

Dec. 31, 2016

SEGMENT INFORMATION

Schedule of financial information with respect to the reportable segments

For the year ended December 31, 2016:

					IKONICS
	Domestic		Export		Imaging		DTX		AMS		Unalloc.		Total
Net sales	$	7,361,222	$	4,508,577	$	4,253,249	$	404,898	$	1,041,955	$	—	$	17,569,901
Cost of goods sold		4,203,125		3,501,769		1,906,664		162,376		1,559,057		—		11,332,991
Gross profit (loss)		3,158,097		1,006,808		2,346,585		242,522		(517,102)		—		6,236,910
Selling, general, and administrative*		1,396,266		650,513		1,052,823		144,970		419,469		1,947,808		5,611,849
Research and development*		—		—		—		—		—		647,065		647,065
Income (loss) from operations	$	1,761,831	$	356,295	$	1,293,762	$	97,552	$	(936,571)	$	(2,594,873)	$	(22,004)

For the year ended December 31, 2015:

					IKONICS
	Domestic		Export		Imaging		DTX		AMS		Unalloc.		Total
Net sales	$	7,607,832	$	4,896,736	$	3,952,929	$	476,286	$	628,283	$	—	$	17,562,066
Cost of goods sold		4,402,356		3,767,589		1,854,519		254,863		1,138,147		—		11,417,474
Gross profit (loss)		3,205,476		1,129,147		2,098,410		221,423		(509,864)		—		6,144,592
Selling, general, and administrative*		1,337,069		580,173		988,823		174,525		347,298		1,835,484		5,263,372
Research and development*		—		—		—		—		—		660,402		660,402
Income (loss) from operations	$	1,868,407	$	548,974	$	1,109,587	$	46,898	$	(857,162)	$	(2,495,886)	$	220,818

*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

	Dec 31, 2016		Dec 31, 2015
Domestic	$	1,206,866	$	1,206,077
Export		551,803		528,372
IKONICS Imaging		363,602		341,980
DTX		52,935		26,314
AMS		177,374		164,639
Unallocated		(16,079)		(102,188)
Total	$	2,336,501	$	2,165,194