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
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments3,6943,1694,3183,8254,2952,2483,702
Cash and cash equivalents3,6949641,6239301,0492,2481,936
Short-term investments 2,2052,6952,8953,246 1,766
Receivables2,3392,4362,2182,1922,4032,2682,260
Inventory, net of allowances, customer advances and progress billings1,6452,1812,0472,0861,9862,1202,631
Inventory1,6452,1812,0472,0861,9862,1202,631
Deferred tax assets   195178
Other undisclosed current assets1269073751683628686
Total current assets:7,8038,6928,9588,2719,0456,9178,857
Noncurrent Assets
Property, plant and equipment7,3887,9168,0858,3028,9127,9575,417
Intangible assets, net (including goodwill)244271376351338336354
Intangible assets, net (excluding goodwill)244271376351338336354
Total noncurrent assets:7,6328,1878,4618,6539,2518,2935,771
TOTAL ASSETS:15,43516,88017,41916,92418,29615,21014,628
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities9081,8011,1747451,1861,135744
Accounts payable460762648322730754371
Accrued liabilities16865716062673179
Employee-related liabilities280382367361389351295
Debt2,688133129131127  
Total current liabilities:3,5961,9341,3048761,3131,135744
Noncurrent Liabilities
Long-term debt and lease obligation 2,6882,8222,9473,077  
Long-term debt, excluding current maturities 2,6882,8222,9473,077  
Liabilities, other than long-term debt  183144446580545
Deferred tax liabilities, net183144446580545
Total noncurrent liabilities: 2,6883,0053,0913,523580545
Total liabilities:3,5964,6234,3083,9664,8371,7151,289
Stockholders' equity
Stockholders' equity attributable to parent11,83912,25713,11112,95813,45913,49513,338
Common stock198198198198202202202
Additional paid in capital2,7442,7222,7232,7092,7322,7032,681
Retained earnings8,8989,33710,19010,05010,52510,59010,455
Total stockholders' equity:11,83912,25713,11112,95813,45913,49513,338
TOTAL LIABILITIES AND EQUITY:15,43516,88017,41916,92418,29615,21014,628

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues13,43217,61918,21417,24317,57017,56218,490
Revenue, net17,24317,57017,56218,490
Cost of revenue
(Cost of Goods and Services Sold)
(9,527)(12,221)(11,960)(11,513)(11,333)(11,417)(11,787)
Gross profit:3,9055,3976,2545,7316,2376,1456,703
Operating expenses(5,691)(6,354)(6,028)(6,195)(6,259)(5,924)(5,790)
Operating income (loss):(1,786)(957)226(465)(22)221913
Nonoperating income
(Investment Income, Nonoperating)
1,2236150241145
Interest and debt expense(87)(90)(91)(83)(58)  
Income (loss) from continuing operations before income taxes:(649)(986)185(524)(69)225919
Income tax expense (benefit)210172(46)2984(90)(270)
Net income (loss) available to common stockholders, diluted:(439)(814)139(226)(65)135649

Comprehensive Income ($ in thousands)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):(439)(814)139(226)(65)135649
Comprehensive income (loss), net of tax, attributable to parent:(439)(814)139(226)(65)135649

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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