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Condensed Consolidated Balance Sheets (USD $)
Sep. 30, 2014
Dec. 31, 2013
Current assets:    
Cash and cash equivalents (VIE $26,000 and $54,000, respectively) $ 171,843 $ 666,616
Accounts receivable, (less allowance for doubtful accounts of $263,000 and $217,000, respectively) (VIE $6,000 and $0, respectively) 11,114,047 8,883,106
Inventories, net (VIE $724,000 and $390,000, respectively) 18,400,506 15,428,413
Net deferred income tax asset 836,792 931,245
Prepaid expenses (VIE $3,000 and $3,000, respectively) 1,181,254 1,315,384
Other current assets (VIE $74,000 and $76,000, respectively) 706,459 945,914
Total current assets 32,410,901 28,170,678
Property, plant and equipment:    
Machinery and equipment (VIE $700,000 and $723,000, respectively) 27,187,213 26,639,722
Building 3,360,017 3,360,017
Office furniture and equipment (VIE $44,000 and $39,000, respectively) 3,463,299 3,287,951
Intellectual property 482,088 482,088
Land 250,000 250,000
Leasehold improvements 655,720 586,515
Fixtures and equipment at customer locations 3,012,013 2,784,419
Projects under construction 793,236 1,009,623
Property, plant and equipment, gross 39,203,586 38,400,335
Less: accumulated depreciation and amortization (VIE $128,000 and $92,000, respectively) (31,191,753) (29,718,564)
Total property, plant and equipment, net 8,011,833 8,681,771
Other assets:    
Deferred financing costs, net 147,601 197,585
Goodwill (VIE $440,000 and $440,000, respectively) 1,473,176 1,473,176
Net deferred income tax asset 858,434 317,639
Other assets (due from related party $23,000 and $24,000, respectively) 162,818 230,651
Total other assets 2,642,029 2,219,051
TOTAL ASSETS 43,064,763 39,071,500
Current liabilities:    
Checks written in excess of bank balance (VIE $3,000 and $0, respectively) 1,044,151 704,757
Trade payables (VIE $120,000 and $94,000, respectively) 5,579,077 3,573,007
Line of credit (VIE $497,000 and $219,000, respectively) 11,654,227 8,769,024
Notes payable - current portion (net discount of $141,000 and $125,000, repectively) (VIE $112,000 and $107,000, respectively) 332,710 342,931
Notes payable affiliates - current portion 9,604 9,079
Capital Lease - current portion 32,084 30,487
Accrued liabilities (VIE $78,000 and $73,000, respectively) 2,473,569 3,003,704
Total current liabilities 21,125,422 16,432,989
Long-term liabilities:    
Notes payable - affiliates 282,044 281,148
Notes payable, net of current portion (net discount of $322,000 and $430,000, repectively) (VIE $351,000 and $441,000, respectively) 7,258,199 7,511,383
Notes payable - officers, subordinated 1,215,748 1,155,705
Capital Lease 85,404 109,670
Total long-term debt, net of current portion 8,841,395 9,057,906
Warrants Payable 544,787 816,480
Total long-term liabilities 9,386,182 9,874,386
CTI Industries Corporation stockholders' equity:    
Preferred Stock - no par value 2,000,000 shares authorized 0 shares issued and outstanding 0 0
Common stock - no par value, 5,000,000 shares authorized, 3,376,743 and 3,320,773 shares issued and 3,301,116 and 3,248,646 outstanding, respectively 13,585,994 13,775,994
Paid-in-capital 1,715,738 1,165,549
Accumulated earnings 241,587 109,137
Accumulated other comprehensive loss (2,805,515) (2,253,501)
Less: Treasury stock, 75,627 and 72,127 shares, respectively (160,784) (141,289)
Total CTI Industries Corporation stockholders' equity 12,577,020 12,655,890
Noncontrolling interest (23,861) 108,235
Total Equity 12,553,159 12,764,125
TOTAL LIABILITIES AND EQUITY $ 43,064,763 $ 39,071,500