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Condensed Consolidated Statements of Comprehensive Income (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Net Sales $ 12,406,840 $ 15,984,726 $ 24,943,229 $ 29,963,903
Cost of Sales 9,869,107 12,189,204 20,409,325 23,299,990
Gross profit 2,537,733 3,795,522 4,533,904 6,663,913
Operating expenses:        
General and administrative 1,531,125 1,680,490 3,587,197 3,564,536
Selling 415,038 958,796 852,603 1,817,333
Advertising and marketing 270,355 331,609 544,235 628,489
Gain on sale of assets (23,662) (22,998) (47,209) (47,413)
Total operating expenses 2,192,856 2,947,897 4,936,826 5,962,945
Income from operations 344,877 847,625 (402,922) 700,968
Other (expense) income:        
Interest expense (516,161) (550,780) (1,063,067) (1,114,840)
Interest income 335 11,389 336 11,043
Other Expense (3,000,000) (3,000,000)
Foreign currency loss 9,444 (13,246) 849 17,783
Total other expense, net (3,506,382) (552,637) (4,061,882) (1,086,014)
Net income before taxes (3,161,505) 294,988 (4,464,804) (385,046)
Income tax expense (43,719) 89,281 (404,210) (120,202)
Net income (3,117,786) 205,707 (4,060,594) (264,844)
Less: Net (loss) income attributable to noncontrolling interest (23,099) (44,497) (85,486) (52,040)
Net income attributable to CTI Industries Corporation (3,094,688) 250,204 (3,975,108) (212,804)
Other Comprehensive Income (Loss)        
Foreign currency adjustment 61,333 (775,497) 297,209 (342,432)
Comprehensive Income (Loss) $ (3,033,355) $ (525,293) $ (3,677,899) $ (555,236)
Basic income per common share (in dollars per share) $ (0.81) $ 0.07 $ (1.04) $ (0.06)
Diluted income per common share (in dollars per share) $ (0.81) $ 0.07 $ (1.04) $ (0.06)
Weighted average number of shares and equivalent shares of common stock outstanding:        
Basic (in shares) 3,835,950 3,530,227 3,835,950 3,530,227
Diluted (in shares) 3,835,950 3,567,315 3,835,950 3,530,227