SEGMENT INFORMATION (Tables)

12 Months Ended

Dec. 31, 2017

SEGMENT INFORMATION

Schedule of financial information with respect to the reportable segments

For the year ended December 31, 2017:

					IKONICS
	Domestic		Export		Imaging		DTX		AMS		Unalloc.		Total
Net sales	$	6,934,433	$	4,722,950	$	4,021,970	$	817,640	$	746,251	$	—	$	17,243,244
Cost of goods sold		4,100,497		3,721,800		1,915,390		487,509		1,287,503		—		11,512,699
Gross profit (loss)		2,833,936		1,001,150		2,106,580		330,131		(541,252)		—		5,730,545
Selling, general, and administrative*		1,345,427		645,973		1,065,957		168,553		376,498		1,904,058		5,506,466
Research and development*		—		—		—		—		—		688,688		688,688
Income (loss) from operations	$	1,488,509	$	355,177	$	1,040,623	$	161,578	$	(917,750)	$	(2,592,746)	$	(464,609)

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)

*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, 2017		Dec 31, 2016
Domestic	$	1,119,228	$	1,206,866
Export		558,872		551,803
IKONICS Imaging		238,813		363,602
DTX		64,278		52,935
AMS		238,848		177,374
Unallocated		(29,779)		(16,079)
Total	$	2,190,260	$	2,336,501