Segment Information (Tables)

3 Months Ended

Mar. 31, 2017

Segment Information

Schedule of financial information with respect to the reportable segments

For the three months ended March 31, 2017:

	IKONICS
						IKONICS
	Domestic		Export		Imaging		DTX		AMS		Unalloc.		Total
Net sales	$	1,303,569	$	1,055,005	$	989,986	$	115,231	$	165,201	$	—	$	3,628,992
Cost of goods sold		826,741		839,364		523,580		35,482		313,597		—		2,538,764
Gross profit (loss)		476,828		215,641		466,406		79,749		(148,396)		—		1,090,228
Selling, general and administrative*		351,422		196,117		283,859		34,635		96,795		547,786		1,510,614
Research and development*		—		—		—		—		—		165,770		165,770
Income (loss) from operations	$	125,406	$	19,524	$	182,547	$	45,114	$	(245,191)	$	(713,556)	$	(586,156)

For the three months ended March 31, 2016:

	IKONICS
						IKONICS
	Domestic		Export		Imaging		DTX		AMS		Unalloc.		Total
Net sales	$	1,353,728	$	1,243,185	$	1,117,698	$	76,880	$	221,719	$	—	$	4,013,210
Cost of goods sold		846,399		962,489		539,782		35,424		332,442		—		2,716,536
Gross profit (loss)		507,329		280,696		577,916		41,456		(110,723)		—		1,296,674
Selling, general and administrative*		359,397		143,031		251,371		34,743		103,903		546,671		1,439,116
Research and development*		—		—		—		—		—		177,864		177,864
Income (loss) from operations	$	147,932	$	137,665	$	326,545	$	6,713	$	(214,626)	$	(724,535)	$	(320,306)

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

Schedule of trade receivables by segment

	Mar 31, 2017		Dec 31, 2016
Domestic	$	877,154	$	1,206,866
Export		527,327		551,803
IKONICS Imaging		286,048		363,602
DTX		87,569		52,935
AMS		192,097		177,374
Unallocated		(39,236)		(16,079)
Total	$	1,930,959	$	2,336,501