| Component: (Network and Table) | |
|---|---|
| Network | 00100 - Statement - CONDENSED BALANCE SHEETS (http://ikonics.com/role/StatementCondensedBalanceSheets) |
| Table | (Implied) |
| Reporting Entity [Axis] | 0001083301 (http://www.sec.gov/CIK) |
| CONDENSED BALANCE SHEETS | Period [Axis] | |
|---|---|---|
2016-12-31 | 2015-12-31 | |
CONDENSED BALANCE SHEETS | ||
ASSETS | ||
CURRENT ASSETS: | ||
Cash and cash equivalents | ||
Short-term investments | ||
Trade receivables, less allowance of $54,000 in 2016 and $122,000 in 2015 | ||
Inventories | ||
Prepaid expenses and other assets | ||
Income taxes receivable | ||
Total current assets | ||
PROPERTY, PLANT, AND EQUIPMENT, at cost: | ||
Land and building | ||
Machinery and equipment | ||
Office equipment | ||
Vehicles | ||
Construction in progress | ||
Gross property, plant, and equipment, at cost | ||
Less accumulated depreciation | ( | ( |
Net property, plant, and equipment, at cost | ||
INTANGIBLE ASSETS, less accumulated amortization of $149,072 in 2016 and $123,957 in 2015 | ||
Total assets | ||
LIABILITIES AND STOCKHOLDERS' EQUITY | ||
CURRENT LIABILITIES: | ||
Current portion of long-term debt, net | ||
Accounts payable - Trade | ||
Accounts payable - Construction | ||
Accrued compensation | ||
Other accrued liabilities | ||
Total current liabilities | ||
LONG-TERM LIABILITIES | ||
Long-term debt, less current portion, net | ||
Deferred income taxes | ||
Total long-term liabilities | ||
Total liabilities | ||
COMMITMENTS AND CONTINGENCIES | ||
STOCKHOLDERS' EQUITY: | ||
Preferred stock, par value $.10 per share; authorized 250,000 shares: none issued | ||
Common stock, par value $.10 per share; authorized 4,750,000 shares; issued and outstanding 2,018,753 shares in 2016 and 2,018,253 in 2015 | ||
Additional paid-in capital | ||
Retained earnings | ||
Total stockholders' equity | ||
Total liabilities and stockholders' equity | ||