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Consolidated Balance Sheets - USD ($)
Dec. 31, 2016
Dec. 31, 2015
Current assets:    
Cash and cash equivalents (VIE $51,000 and $82,000, respectively) $ 563,043 $ 346,404
Accounts receivable, (less allowance for doubtful accounts of $137,000 and $126,000 respectively) (VIE $6,000 and $4,000, respectively) 14,838,978 11,410,999
Inventories, net (VIE $719,000 and $1,264,000, respectively) 18,348,011 17,869,911
Net deferred income tax asset 773,007 761,096
Prepaid expenses (VIE $18,000 and $17,000, respectively) 678,689 1,057,464
Other current assets (VIE $0 and $33,000, respectively) 530,669 991,297
Total current assets 35,732,397 32,437,171
Property, plant and equipment:    
Machinery and equipment (VIE $0 and $546,000, respectively) 26,348,443 26,847,110
Building 3,379,636 3,360,017
Office furniture and equipment (VIE $154,000 and $66,000, respectively) 3,597,158 3,512,613
Intellectual property 482,088 482,088
Land 250,000 250,000
Leasehold improvements 395,603 624,902
Fixtures and equipment at customer locations 3,302,868 3,174,535
Projects under construction 493,859 773,985
Property, Plant and Equipment, Gross 38,249,655 39,025,250
Less : accumulated depreciation and amortization (VIE $29,000 and $150,000, respectively) (32,938,267) (32,471,694)
Total property, plant and equipment, net 5,311,388 6,553,556
Other assets:    
Deferred financing costs, net 0 112,615
Goodwill (VIE $440,000 and $440,000, respectively) 1,473,176 1,473,176
Net deferred income tax asset 923,683 986,181
Other assets (due from related party $47,000 and $46,000, respectively) 473,095 242,270
Total other assets 2,869,954 2,814,242
TOTAL ASSETS 43,913,739 41,804,969
Current liabilities:    
Checks written in excess of bank balance 1,688,675 1,481,827
Trade payables (VIE $92,000 and $238,000, respectively) 5,861,932 4,271,860
Line of credit (net of deferred financing costs of $62,000) (VIE $408,000 and $484,000, respectively) 11,263,531 10,952,924
Notes payable - current portion (net discount of $113,000 and $171,000, respectively) (VIE $0 and $311,000, respectively) 1,709,220 501,710
Notes Payable Officers - current portion 180,000 0
Notes Payable Affiliates - current portion 8,141 8,670
Capital Lease - current portion 40,660 41,204
Accrued liabilities (VIE $140,000 and $655,000, respectively) 3,127,425 2,942,481
Total current liabilities 23,879,584 20,200,676
Long-term liabilities:    
Notes Payable - Affiliates (VIE 153,000 and 183,000 respectively) 218,858 266,835
Notes payable, net of current portion (net discount of $0 and $113,000, respectively) (VIE $301,000 and $200, respectively) 5,301,491 6,665,700
Notes payable - officer, subordinated 1,416,138 1,323,139
Capital Lease 4,690 45,351
Deferred gain (non current) 297,521 0
Total long-term debt, net of current portion 7,238,698 8,301,025
Warrants Payable 817,880 714,245
Total long-term liabilities 8,056,578 9,015,270
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, 3,568,590 and 3,386,284 shares issued and 3,567,201 and 3,310,657 outstanding, respectively 13,898,494 13,775,994
Paid-in-capital 2,250,235 1,577,807
Accumulated earnings 2,323,326 1,670,788
Accumulated other comprehensive loss (5,593,878) (4,076,318)
Less: Treasury stock - 75,627 shares and 75,627 shares, respectively (160,784) (160,784)
Total CTI Industries Corporation stockholders' equity 12,717,393 12,787,487
Noncontrolling interest (739,816) (198,464)
Total Equity 11,977,577 12,589,023
TOTAL LIABILITIES AND EQUITY $ 43,913,739 $ 41,804,969