Note 1 - Basis of Presentation

3 Months Ended

Mar. 31, 2019

Notes to Financial Statements

Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]

1. Basis of Presentation

The condensed balance sheet of IKONICS Corporation (the “Company”) as of

March 31, 2019,

and the related condensed statements of operations for the

three

months ended

March 

31,

2019

 and

2018,

the statements of stockholders' equity for the

three

months ended

March 31, 2019

and

2018,

 and cash flows for the

three

months ended

March 31, 2019 

and

2018,

have been prepared without being audited.

In the opinion of management, these statements reflect all adjustments (consisting of only normal recurring adjustments) necessary to present fairly the financial position of IKONICS Corporation as of

March 31, 2019,

and the results of operations and cash flows for all periods presented.

Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America, have been condensed or omitted.  Therefore, these statements should be read in conjunction with the financial statements and notes thereto included in the Company’s Annual Report on Form

10

-K for the year ended

December 31, 2018.

The results of operations for interim periods are

not

necessarily indicative of results that will be realized for the full fiscal year.