Ikonics Corporation (IKNX) financial statements (2021 and earlier)

Company profile

Business Address 4832 GRAND AVENUE
DULUTH, MN 55807
State of Incorp.
Fiscal Year End December 31
SIC 3861 - Photographic Equipment and Supplies (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments3,6943,5012,9782,5853,1693,2093,237
Cash and cash equivalents3,6943,5012,9781,605964759297
Short-term investments   9802,2052,4502,940
Receivables2,3391,6591,6622,0062,4362,2112,409
Inventory, net of allowances, customer advances and progress billings1,6452,1562,6822,5892,1812,5732,512
Inventory1,6452,1562,6822,5892,1812,5732,512
Other undisclosed current assets126161158328907953262
Total current assets:7,8037,4767,4807,5088,6928,9468,420
Noncurrent Assets
Property, plant and equipment7,3887,5507,7147,8687,9167,9347,987
Intangible assets, net (including goodwill)244248254268271282292
Intangible assets, net (excluding goodwill)244248254268271282292
Total noncurrent assets:7,6327,7987,9688,1368,1878,2168,280
TOTAL ASSETS:15,43515,27415,44915,64416,88017,16216,700
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities9089738431,1821,8011,9731,107
Accounts payable460459315763762773533
Accrued liabilities168159113129657944242
Employee-related liabilities280355415289382256331
Debt2,6883,4593,288135133132131
Total current liabilities:3,5964,4324,1321,3171,9342,1061,238
Noncurrent Liabilities
Long-term debt and lease obligation 4786822,6542,6882,7222,755
Long-term debt, excluding current maturities 4786822,6542,6882,7222,755
Other undisclosed noncurrent liabilities      183
Total noncurrent liabilities: 4786822,6542,6882,7222,938
Total liabilities:3,5964,9104,8133,9714,6234,8284,177
Stockholders' equity
Stockholders' equity attributable to parent11,83910,36410,63611,67312,25712,33412,523
Common stock198198198198198198198
Additional paid in capital2,7442,7322,7292,7262,7222,7192,723
Retained earnings8,8987,4357,7098,7509,3379,4179,602
Total stockholders' equity:11,83910,36410,63611,67312,25712,33412,523
TOTAL LIABILITIES AND EQUITY:15,43515,27415,44915,64416,88017,16216,700

Income statement (P&L) ($ in thousands)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
Revenues4,2283,1352,5723,4974,9634,5304,596
Cost of revenue
(Cost of Goods and Services Sold)
(2,734)(2,261)(2,188)(2,344)(3,416)(3,118)(3,168)
Gross profit:1,4938743851,1531,5481,4121,428
Operating expenses(1,207)(1,116)(1,404)(1,965)(1,618)(1,566)(1,609)
Operating income (loss):287(243)(1,019)(811)(70)(154)(181)
Nonoperating income
(Investment Income, Nonoperating)
1,215027111617
Interest and debt expense(16)(25)(25)(21)(22)(23)(23)
Income (loss) from continuing operations before income taxes:1,485(267)(1,042)(826)(81)(160)(186)
Income tax expense (benefit)(22)(7) 2391(2)70
Net income (loss) available to common stockholders, diluted:1,463(274)(1,042)(587)(80)(163)(116)

Comprehensive Income ($ in thousands)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
Net income (loss):1,463(274)(1,042)(587)(80)(163)(116)
Comprehensive income (loss), net of tax, attributable to parent:1,463(274)(1,042)(587)(80)(163)(116)

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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