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)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments3,1694,3183,8254,2952,2483,7023,169
Cash and cash equivalents9641,6239301,0492,2481,9361,704
Short-term investments2,2052,6952,8953,246 1,7661,465
Receivables2,4362,2182,1922,4032,2682,2602,051
Inventory, net of allowances, customer advances and progress billings2,1812,0472,0861,9862,1202,6312,555
Inventory2,1812,0472,0861,9862,1202,6312,555
Income taxes receivable16
Deferred tax assets   195178150
Other undisclosed current assets9073751683628686104
Total current assets:8,6928,9588,2719,0456,9178,8578,045
Noncurrent Assets
Property, plant and equipment7,9168,0858,3028,9127,9575,4175,634
Intangible assets, net (including goodwill)271376351338336354323
Intangible assets, net (excluding goodwill)271376351338336354323
Total noncurrent assets:8,1878,4618,6539,2518,2935,7715,957
TOTAL ASSETS:16,88017,41916,92418,29615,21014,62814,002
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,8011,1747451,1861,135744807
Accounts payable762648322730754371532
Accrued liabilities65716062673179 
Employee-related liabilities382367361389351295275
Debt133129131127   
Self insurance reserve      55
Other undisclosed current liabilities      13
Total current liabilities:1,9341,3048761,3131,135744875
Noncurrent Liabilities
Long-term debt and lease obligation2,6882,8222,9473,077   
Long-term debt, excluding current maturities2,6882,8222,9473,077   
Liabilities, other than long-term debt 183144446580545527
Deferred tax liabilities, net183144446580545527
Total noncurrent liabilities:2,6883,0053,0913,523580545527
Total liabilities:4,6234,3083,9664,8371,7151,2891,402
Stockholders' equity
Stockholders' equity attributable to parent12,25713,11112,95813,45913,49513,33812,600
Common stock198198198202202202201
Additional paid in capital2,7222,7232,7092,7322,7032,6812,592
Retained earnings9,33710,19010,05010,52510,59010,4559,807
Total stockholders' equity:12,25713,11112,95813,45913,49513,33812,600
TOTAL LIABILITIES AND EQUITY:16,88017,41916,92418,29615,21014,62814,002

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues17,61918,21417,24317,57017,56218,49017,491
Revenue, net17,24317,57017,56218,49017,491
Cost of revenue
(Cost of Goods and Services Sold)
(12,221)(11,960)(11,513)(11,333)(11,417)(11,787)(10,554)
Gross profit:5,3976,2545,7316,2376,1456,7036,938
Operating expenses(6,354)(6,028)(6,195)(6,259)(5,924)(5,790)(6,018)
Operating income (loss):(957)226(465)(22)221913920
Nonoperating income
(Investment Income, Nonoperating)
61502411457
Interest and debt expense(90)(91)(83)(58)   
Income (loss) from continuing operations before income taxes:(986)185(524)(69)225919927
Income tax expense (benefit)172(46)2984(90)(270)(245)
Net income (loss) available to common stockholders, diluted:(814)139(226)(65)135649682

Comprehensive Income ($ in thousands)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss):(814)139(226)(65)135649682
Comprehensive income (loss), net of tax, attributable to parent:(814)139(226)(65)135649682

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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