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Condensed Consolidated Statements of Comprehensive Income - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Net Sales $ 13,225,954 $ 13,476,157 $ 41,397,288 $ 42,831,655
Cost of Sales 10,039,044 10,064,066 31,475,520 31,661,039
Gross profit 3,186,910 3,412,091 9,921,768 11,170,616
Operating expenses:        
General and administrative 1,923,315 1,808,299 5,691,186 5,470,523
Selling 861,856 977,928 2,771,150 3,162,083
Advertising and marketing 454,927 581,143 1,548,709 1,643,852
Gain on sale of assets (27,426) (27,700) (119,127) (27,700)
Other operating income 0 0 (1,416) 0
Total operating expenses 3,212,672 3,339,670 9,890,502 10,248,758
(Loss) Income from operations (25,762) 72,421 31,266 921,858
Other (expense) income:        
Interest expense (367,391) (358,643) (1,100,038) (1,074,295)
Change in fair value of warrants (3,809) 47,617 19,999 (179,261)
Foreign currency loss (11,430) 9,663 (92,382) 77,341
Total other expense, net (382,630) (301,363) (1,172,421) (1,176,215)
Net (loss) before taxes (408,392) (228,942) (1,141,155) (254,357)
Income tax expense (125,678) (28,655) (313,151) (16,804)
Net (loss) (282,714) (200,287) (828,004) (237,553)
Less: Net (loss) income attributable to noncontrolling interest (8,014) (19,812) (85,645) 19,089
Net loss attributable to CTI Industries Corporation (274,700) (180,475) (742,359) (256,642)
Other Comprehensive Income (Loss)        
Foreign currency adjustment (260,469) (236,133) 492,900 (840,144)
Comprehensive Income (Loss) $ (535,169) $ (416,608) $ (249,459) $ (1,096,786)
Basic loss per common share $ (0.08) $ (0.05) $ (0.20) $ (0.07)
Diluted loss per common share $ (0.08) $ (0.05) $ (0.20) $ (0.07)
Weighted average number of shares and equivalent shares of common stock outstanding:        
Basic 3,641,439 3,541,582 3,641,439 3,541,582
Diluted 3,641,439 3,714,239 3,789,081 3,703,732