Segment Information (Tables)

9 Months Ended

Sep. 30, 2017

Segment Information

Schedule of financial information with respect to the reportable segments

For the three months ended September 30, 2017:

	IKONICS
						IKONICS
	Domestic		Export		Imaging		DTX		AMS		Unalloc.		Total
Net sales	$	1,790,331	$	1,083,594	$	731,289	$	121,255	$	257,631	$	—	$	3,984,100
Cost of goods sold		1,026,311		819,728		417,882		59,293		336,935		—		2,660,149
Gross profit (loss)		764,020		263,866		313,407		61,962		(79,304)		—		1,323,951
Selling, general and administrative*		315,941		131,100		287,087		44,805		91,442		435,080		1,305,455
Research and development*		—		—		—		—		—		168,686		168,686
Income (loss) from operations	$	448,079	$	132,766	$	26,320	$	17,157	$	(170,746)	$	(603,766)	$	(150,190)

For the three months ended September 30, 2016:

	IKONICS
						IKONICS
	Domestic		Export		Imaging		DTX		AMS		Unalloc.		Total
Net sales	$	1,981,212	$	1,273,923	$	879,712	$	195,890	$	276,764	$	—	$	4,607,501
Cost of goods sold		1,115,507		956,953		413,385		49,924		404,258		—		2,940,027
Gross profit (loss)		865,705		316,970		466,327		145,966		(127,494)		—		1,667,474
Selling, general and administrative*		330,578		169,858		260,810		35,595		94,993		465,771		1,357,605
Research and development*		—		—		—		—		—		150,176		150,176
Income (loss) from operations	$	535,127	$	147,112	$	205,517	$	110,371	$	(222,487)	$	(615,947)	$	159,693

For the nine months ended September 30, 2017:

	IKONICS
						IKONICS
	Domestic		Export		Imaging		DTX		AMS		Unalloc.		Total
Net sales	$	4,910,856	$	3,510,691	$	2,664,330	$	707,730	$	504,846	$	—	$	12,298,453
Cost of goods sold		2,887,111		2,755,371		1,394,675		453,712		950,141		—		8,441,010
Gross profit (loss)		2,023,745		755,320		1,269,655		254,018		(445,295)		—		3,857,443
Selling, general and administrative*		1,001,434		516,958		824,692		130,301		292,562		1,443,758		4,209,705
Research and development*		—		—		—		—		—		519,160		519,160
Income (loss) from operations	$	1,022,311	$	238,362	$	444,963	$	123,717	$	(737,857)	$	(1,962,918)	$	(871,422)

For the nine months ended September 30, 2016:

	IKONICS
						IKONICS
	Domestic		Export		Imaging		DTX		AMS		Unalloc.		Total
Net sales	$	5,278,456	$	3,470,693	$	2,997,006	$	306,246	$	764,888	$	—	$	12,817,289
Cost of goods sold		3,067,112		2,654,611		1,378,287		120,410		1,110,510		—		8,330,930
Gross profit (loss)		2,211,344		816,082		1,618,719		185,836		(345,622)		—		4,486,359
Selling, general and administrative*		1,034,975		472,510		759,863		109,968		322,182		1,422,393		4,121,891
Research and development*		—		—		—		—		—		475,165		475,165
Income (loss) from operations	$	1,176,369	$	343,572	$	858,856	$	75,868	$	(667,804)	$	(1,897,558)	$	(110,697)

*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

	Sep 30, 2017		Dec 31, 2016
Domestic	$	817,124	$	1,206,866
Export		374,744		551,803
IKONICS Imaging		223,990		363,602
DTX		88,151		52,935
AMS		190,113		177,374
Unallocated		(49,890)		(16,079)
Total	$	1,644,232	$	2,336,501