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Condensed Consolidated Balance Sheets - USD ($)
Mar. 31, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents (VIE $118,000 and $51,000, respectively) $ 582,707 $ 563,043
Accounts receivable, (less allowance for doubtful accounts of $145,000 and $137,000, respectively) (VIE $40,000 and $6,000, respectively) 12,485,522 14,838,978
Inventories, net (VIE $607,000 and $719,000, respectively) 17,964,194 18,348,011
Prepaid expenses (VIE $18,000 and $18,000, respectively) 798,484 678,689
Other current assets (VIE $1,000 and $0, respectively) 467,634 530,669
Total current assets 32,298,541 34,959,390
Property, plant and equipment:    
Machinery and equipment (VIE $0 and $0, respectively) 26,582,676 26,348,443
Building 3,379,636 3,379,636
Office furniture and equipment (VIE $188,000 and $154,000, respectively) 3,504,468 3,597,158
Intellectual property 482,088 482,088
Land 250,000 250,000
Leasehold improvements 410,893 395,603
Fixtures and equipment at customer locations 3,302,868 3,302,868
Projects under construction 568,328 493,859
Property, Plant and Equipment, Gross 38,480,957 38,249,655
Less : accumulated depreciation and amortization (VIE $31,000 and $29,000, respectively) (33,253,638) (32,938,267)
Total property, plant and equipment, net 5,227,319 5,311,388
Other assets:    
Goodwill (VIE $440,000 and $440,000, respectively) 1,473,176 1,473,176
Net deferred income tax asset 1,606,035 1,696,690
Other assets (due from related party $47,000 and $47,000, respectively) 456,387 473,095
Total other assets 3,535,598 3,642,961
TOTAL ASSETS 41,061,458 43,913,739
Current liabilities:    
Checks written in excess of bank balance 1,059,145 1,688,675
Trade payables (VIE $58,000 and $92,000, respectively) 6,091,056 5,861,932
Line of credit (VIE $391,000 and $408,000, respectively) 9,490,011 11,263,531
Notes payable - current portion (net discount of $66,000 and $113,000, respectively) (VIE $0 and $0, respectively) 6,618,520 1,709,220
Notes payable officers - current portion 0 180,000
Notes payable affiliates - current portion 9,266 8,141
Capital Lease - current portion 47,431 40,660
Accrued liabilities (VIE $157,000 and $140,000, respectively) 2,435,959 3,127,425
Total current liabilities 25,751,388 23,879,584
Long-term liabilities:    
Notes payable - affiliates 213,741 218,858
Notes payable, net of current portion (net discount of $0 and $0, respectively) (VIE $246,000 and $301,000, respectively) 246,234 5,301,491
Notes payable - officer, subordinated 1,440,433 1,416,138
Capital Lease 730 4,690
Deferred gain (non current) 300,665 297,521
Total long-term debt, net of current portion 2,201,803 7,238,698
Warrants Payable 798,274 817,880
Total long-term liabilities 3,000,077 8,056,578
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, 3,568,885 shares issued and 3,525,227 shares outstanding 13,898,494 13,898,494
Paid-in-capital 2,223,065 2,250,235
Accumulated earnings 2,381,795 2,323,326
Accumulated other comprehensive loss (5,282,565) (5,593,878)
Less: Treasury stock, 75,627 shares (160,784) (160,784)
Total CTI Industries Corporation stockholders' equity 13,060,005 12,717,393
Noncontrolling interest (750,012) (739,816)
Total Equity 12,309,993 11,977,577
TOTAL LIABILITIES AND EQUITY $ 41,061,458 $ 43,913,739