Ikonics corp (IKNX)
CashFlow / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income (loss)

-

-

-

-

-

-

-

-

-

-

-

-105,066

-378,897

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net loss

-587,006

-80,072

-162,744

-115,711

-455,031

149,619

-24,752

145,336

-130,738

-

-

-

-

-

-

39,225

-192,812

219,474

116,756

27,724

-228,947

106,452

138,971

198,432

204,915

360,649

116,162

293,112

-87,750

285,142

228,112

243,083

-62,406

-

214,677

309,546

37,342

Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation

167,623

163,091

155,844

159,029

162,033

170,998

192,049

195,881

199,906

202,229

213,236

209,110

212,302

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Depreciation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

162,751

169,253

162,516

166,916

160,843

158,320

157,147

161,564

158,576

152,723

140,635

140,310

135,123

127,395

126,796

119,018

115,997

116,652

102,143

98,538

98,488

Amortization

9,454

9,352

9,354

15,376

8,932

9,022

8,848

9,173

9,442

9,541

9,575

9,575

9,574

9,674

9,709

8,338

6,047

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,670

6,718

6,443

6,443

6,445

6,444

6,443

13,694

13,172

12,911

13,537

13,041

14,317

14,949

12,346

-

-

-

-

Amortization

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

12,344

12,344

12,614

Stock based compensation

3,688

2,491

2,490

1,920

1,920

3,580

3,581

3,580

2,893

6,034

6,033

6,033

5,461

6,623

6,621

6,515

5,248

5,655

5,655

5,655

4,778

3,457

3,456

8,949

2,553

3,764

3,763

3,763

2,617

4,427

4,427

4,548

4,416

7,188

6,860

6,516

6,126

Net gain on sale and disposal of equipment

2,324

1

0

994

7,487

-

-

-

-

-

-

-

-

0

0

13,751

-8,001

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss on intangible asset abandonment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-798

0

0

-22,324

-

-

-

-

Deferred income taxes

-

-

-

-

-

26,161

0

0

12,839

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

65,000

-

-

-

-

-

-

-

-

Loss on intangible asset abandonment

-

5,711

15,522

71,257

343

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Changes in working capital components:
Trade receivables

-674,552

223,278

-12,005

402,331

-394,101

239,474

106,828

-162,994

-158,353

546,028

-422,504

135,777

-405,542

182,269

343,001

-410,025

56,062

-117,417

127,703

404,477

-345,897

47,275

-194,986

30,966

162,220

151,139

-484,077

199,138

124,341

-207,764

-149,313

198,344

38,098

-87,367

41,605

277,948

65,333

Inventories

408,233

-392,905

61,192

-327,927

793,588

-224,302

-200,656

102,715

282,766

-460,244

269,708

44,067

246,362

-92,961

-136,415

-38,486

134,229

-158,556

-85,532

-379,469

112,712

-58,479

57,782

-257,250

333,655

39,244

82,947

-532,439

286,326

103,546

-109,812

272,495

177,801

-76,016

-39,716

-190,335

569,876

Prepaid expenses and other assets

-578,479

-45,938

690,529

2,486

-115,523

164,792

26,144

-9,402

25,586

64,033

-42,563

-245,063

29,930

183,384

37,248

-40,849

96,474

-19,106

-41,166

-120,145

179,665

-47,154

-1,846

-26,991

58,704

-32,081

-40,806

23,825

27,766

-45,041

66,147

-49,815

70,769

-10,647

-8,092

-30,212

67,909

Income tax receivable

244,254

1,369

-185,219

71,898

110,553

-7,440

6,727

-39,257

40,622

-325,617

53,760

-6,505

214,359

-5,597

-60,116

-110,237

139,119

-69,972

-73,361

-168,465

250,925

36,236

52,233

49,707

-16,400

-75,271

73,746

-54,282

72,207

0

0

-94,387

35,065

-

-

-

4,574

Accounts payable

1,575

-10,879

239,096

-326,682

212,578

-63,488

-119,167

221,494

286,829

-478,838

-74,097

32,655

111,754

-16,855

236,526

-80,335

170,805

-31,568

-144,404

-261,490

486,526

-425,899

285,357

-366,969

346,398

-127,760

342,983

-425,736

148,885

87,499

10,143

-330,187

276,935

-140,424

227,461

-60,004

80,669

Accrued expenses

-620,830

-161,357

627,297

193,664

-146,767

29,106

71,631

80,816

-77,854

71,588

-77,358

93,580

-120,476

105,268

-76,312

-64,862

110,076

-82,805

108,825

-276,709

258,891

-121,178

183,222

-118,770

87,351

-87,957

147,369

-124,103

59,925

-69,095

135,237

-119,184

111,116

-

-

-

-

Accrued liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-12,985

Income taxes payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

85,940

6,840

228

4,650

-74,275

-

-

-

-

4,172

-14,403

18,221

-14,562

Net cash used in operating activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-155,768

669,269

327,374

-21,711

491,129

-260,283

812,654

10,380

353,997

315,922

1,132,502

265,686

-247,578

615,011

754,837

-346,893

158,995

-

-

-

-

Net cash used in operating activities

-427,276

142,532

149,362

-150,929

-617,996

153,704

193,147

765,218

112,696

57,069

97,107

295,904

-245,391

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

549,600

416,152

-500,000

CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of property and equipment

135,125

144,818

102,965

113,495

117,075

41,850

176,903

275,388

49,004

40,123

55,880

73,669

60,417

98,276

122,271

826,022

1,017,857

1,670,831

628,262

191,511

376,067

27,344

3,907

279,360

123,852

176,731

227,709

150,644

207,453

194,302

50,776

91,544

229,897

156,268

350,703

47,884

66,743

Proceeds from sales of equipment

18,297

0

0

3,200

12,396

-

-

-

-

-

-

-

-

0

0

20,000

1,000

-

-

-

-

0

52,600

1,572

7,591

-

-

-

-

-

-

-

-

-

-

-

-

Purchases of intangible assets

3,423

2,137

11,206

3,525

2,797

13,681

3,935

16,782

15,572

6,557

17,376

7,362

7,682

1,304

3,447

8,153

14,242

11,499

11,363

12,280

17,996

11,369

7,039

21,942

16,648

1,295

9,547

23,922

35,840

26,384

11,072

11,751

7,563

5,795

12,949

18,187

23,539

Purchases of short-term investments

-

1,470,000

980,000

1,470,000

1,715,000

1,470,000

1,225,000

1,715,000

1,205,000

1,960,000

0

690,000

1,225,000

-

-

-

-

0

0

0

650,000

420,000

786,000

1,160,000

350,000

0

1,400,944

209,128

204,806

208,002

208,088

1,031,067

410,833

206,038

412,173

1,014,924

813,224

Proceeds on sale of short-term investments

1,225,000

1,715,000

1,470,000

1,470,000

1,470,000

1,470,000

1,450,000

1,470,000

1,425,000

980,000

980,000

1,133,000

1,133,000

-

-

-

-

225,000

980,000

656,000

555,000

449,999

1,005,930

404,141

554,807

-

-

-

-

412,355

207,719

1,021,231

608,749

403,800

611,356

1,005,514

808,676

Net cash provided by (used in) investing activities

1,104,749

98,045

375,829

-113,820

-352,476

-55,531

44,162

-537,170

155,424

-1,026,680

917,672

383,676

-160,099

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-164,669

-75,481

-94,830

CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from maturity of short-term investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

203,483

-

-

-

-

-

-

-

-

Net cash used in investing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1,031,099

-1,457,330

340,375

452,209

-489,063

-8,714

261,584

-1,055,589

71,898

182,974

-1,222,480

464,549

-244,616

43,167

-62,217

-113,131

-39,544

-

-

-

-

Payment on long-term debt

35,682

35,668

35,011

34,342

35,419

34,761

33,412

34,408

35,632

35,254

34,872

34,681

34,883

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from exercise of stock options

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

3,765

-

-

-

-

1,257

0

31,680

13,050

25,906

0

22,495

40,997

58,905

18,873

7,500

3,750

3,500

1,500

12,501

55,709

Net cash provided by (used in) financing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,765

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

NET DECREASE IN CASH AND CASH EQUIVALENTS

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1,183,102

-788,061

667,749

430,498

2,066

-267,740

1,074,238

-1,013,529

438,945

524,802

-89,978

752,730

-451,197

-1,281,392

711,493

-452,524

123,201

-

-

-

-

Net cash used in financing activities

-35,682

-35,667

-63,638

-55,311

-35,419

-34,761

-33,412

-34,408

-35,632

-101,933

-253,621

-47,834

-34,883

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS

641,791

204,910

461,553

-320,060

-1,005,891

63,412

203,897

193,640

232,488

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

NET DECREASE IN CASH AND CASH EQUIVALENTS

-

-

-

-

-

-

-

-

-

-

-

-

-440,373

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

386,431

351,093

-539,121

SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION
Construction in progress included in accounts payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-51,388

-36,000

96,166

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash paid for interest

19,105

19,119

20,077

20,445

19,367

20,028

21,373

19,673

17,038

17,416

17,798

17,990

17,786

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash paid for income taxes, net

5,325

0

142

1,500

7,815

0

0

285

7,367

0

0

51,439

8,564

1,585

-109

89,018

11,740

22,028

-96

-21,607

10,802

70,128

90,024

231,748

9,876

2,071

120,233

46,480

2,355

120,000

70,038

-17,258

4,846

0

361,788

-140,541

9,647