Segment Information (Tables)

6 Months Ended

Jun. 30, 2018

Segment Information

Schedule of financial information with respect to the reportable segments

For the three months ended June 30, 2018:

	IKONICS
						IKONICS
	Domestic		Export		Imaging		DTX		AMS		Unalloc.		Total
Net sales	$	1,991,978	$	1,207,881	$	868,966	$	94,322	$	471,030	$	—	$	4,634,177
Cost of goods sold		1,152,396		951,597		443,569		33,612		390,688		—		2,971,862
Gross profit		839,582		256,284		425,397		60,710		80,342		—		1,662,315
Selling, general and administrative*		310,483		138,930		236,612		32,596		97,476		492,866		1,308,963
Research and development*		—		—		—		—		—		156,472		156,472
Income (loss) from operations	$	529,099	$	117,354	$	188,785	$	28,114	$	(17,134)	$	(649,338)	$	196,880

For the three months ended June 30, 2017:

	IKONICS
						IKONICS
	Domestic		Export		Imaging		DTX		AMS		Unalloc.		Total
Net sales	$	1,816,956	$	1,372,092	$	943,055	$	471,244	$	82,014	$	—	$	4,685,361
Cost of goods sold		1,034,059		1,096,279		453,213		358,937		299,609		—		3,242,097
Gross profit (loss)		782,897		275,813		489,842		112,307		(217,595)		—		1,443,264
Selling, general and administrative*		334,071		189,741		253,746		50,861		104,325		460,892		1,393,636
Research and development*		—		—		—		—		—		184,704		184,704
Income (loss) from operations	$	448,826	$	86,072	$	236,096	$	61,446	$	(321,920)	$	(645,596)	$	(135,076)

For the six months ended June 30, 2018:

	IKONICS
						IKONICS
	Domestic		Export		Imaging		DTX		AMS		Unalloc.		Total
Net sales	$	3,336,458	$	2,366,221	$	1,926,304	$	182,988	$	893,684	$	—	$	8,705,655
Cost of goods sold		1,986,737		1,848,657		1,000,657		59,004		785,866		—		5,680,921
Gross profit		1,349,721		517,564		925,647		123,984		107,818		—		3,024,734
Selling, general and administrative*		619,617		260,558		516,205		67,448		182,260		1,011,858		2,657,946
Research and development*		—		—		—		—		—		310,548		310,548
Income (loss) from operations	$	730,104	$	257,006	$	409,442	$	56,536	$	(74,442)	$	(1,322,406)	$	56,240

For the six months ended June 30, 2017:

	IKONICS
						IKONICS
	Domestic		Export		Imaging		DTX		AMS		Unalloc.		Total
Net sales	$	3,120,525	$	2,427,097	$	1,933,041	$	586,475	$	247,215	$	—	$	8,314,353
Cost of goods sold		1,860,800		1,935,643		976,793		394,419		613,206		—		5,780,861
Gross profit (loss)		1,259,725		491,454		956,248		192,056		(365,991)		—		2,533,492
Selling, general and administrative*		685,493		385,858		537,605		85,496		201,120		1,008,678		2,904,250
Research and development*		—		—		—		—		—		350,474		350,474
Income (loss) from operations	$	574,232	$	105,596	$	418,643	$	106,560	$	(567,111)	$	(1,359,152)	$	(721,232)

*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, 2018		Dec 31, 2017
Domestic	$	890,054	$	1,119,228
Export		333,074		558,872
IKONICS Imaging		263,351		238,813
DTX		44,380		64,278
AMS		343,251		238,848
Unallocated		(5,197)		(29,779)
Total	$	1,868,913	$	2,190,260