IKONICS Corporation

2015 IKONICS Annual Report

Through processes based in photochemistry, abrasive etching, chemical etching and other technologies, IKONICS participates in a diverse spectrum of markets. From traditional and high-tech screen printing, to decorative and industrial etching.

Issue link: http://ikonics.uberflip.com/i/656035

Contents of this Issue

Navigation

Page 22 of 47

21 IKONICS CORPORATION STATEMENTS OF STOCKHOLDERS' EQUITY YEARS ENDED DECEMBER 31, 2015 AND 2014 Total Additional Stock- Common Stock Paid-in Retained holders' Shares Amount Capital Earnings Equity BALANCE AT DECEMBER 31, 2013 2,012,170 $ 201,217 $ 2,592,038 $ 9,806,563 $ 12,599,818 Net income — — — 648,770 648,770 Exercise of stock options 6,083 608 45,379 — 45,987 Tax benefit resulting from stock option exercises — — 25,475 — 25,475 Stock based compensation and related tax benefit — — 18,415 — 18,415 BALANCE AT DECEMBER 31, 2014 2,018,253 201,825 2,681,307 10,455,333 13,338,465 Net income — — — 135,007 135,007 Stock based compensation and related tax benefit — — 21,743 — 21,743 BALANCE AT DECEMBER 31, 2015 2,018,253 $ 201,825 $ 2,703,050 $ 10,590,340 $ 13,495,215 See notes to financial statements.

Articles in this issue

Archives of this issue

view archives of IKONICS Corporation - 2015 IKONICS Annual Report