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Condensed Consolidated Balance Sheets - USD ($)
Dec. 31, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 845,098 $ 258,238
Accounts receivable, net 9,011,569 10,245,728
Inventories, net 13,959,499 17,388,634
Prepaid expenses 353,183 834,690
Other current assets 1,312,205 784,125
Receivable from related party 1,387,131
Current assets of discontinued operations 756,033 3,499,319
Total current assets 27,624,716 33,010,734
Property, plant and equipment:    
Machinery and equipment 23,822,808 23,668,082
Building 3,374,334 3,367,082
Office furniture and equipment 2,289,444 2,573,095
Intellectual property 783,179 783,179
Land 250,000 250,000
Leasehold improvements 415,737 409,188
Fixtures and equipment at customer locations 518,450 518,450
Projects under construction 74,929 150,272
Property, Plant and Equipment, Gross 31,528,881 31,719,348
Less : accumulated depreciation and amortization (28,997,809) (27,998,437)
Total property, plant and equipment, net 2,531,072 3,720,912
Other assets:    
Goodwill 0 1,473,176
Net deferred income tax asset 135,094
Operating lease right-of-use 1,046,438
Other non-current assets    
Other assets 118,857 248,120
Total other assets 165,295 1,856,390
Other non-current assets of discontinued operations 172,798
TOTAL ASSETS 31,321,086 38,760,834
Current liabilities:    
Checks written in excess of bank balance 636,142
Trade payables 7,021,580 5,951,929
Line of credit 14,518,107 16,582,963
Notes payable - current portion 3,451,880 4,432,320
Notes payable affiliates - current portion 12,684 10,821
Operating Lease Liabilities 658,374 0
Accrued liabilities 1,205,027 1,786,761
Current liabilities of discontinued operations 656,753 807,776
Total current liabilities 27,524,405 30,208,712
Long-term liabilities:    
Notes payable - affiliates 14,340 167,248
Notes payable, net of current portion 1,024,441 399,912
Operating Lease, Liability, Noncurrent 388,064
Notes payable - officers, subordinated 1,058,486 1,597,019
Other long-term liabilities 184,840 100,340
Deferred income tax liability
Other long-term liabilities of discontinued operations 31,874
Total long-term debt, net of current portion 2,670,171 2,296,393
Total long-term liabilities 2,670,171 2,296,393
TOTAL LIABILITIES 30,194,576 32,505,105
Yunhong CTI, LTD (f/k/a CTI Industries Corporation) stockholders' equity:    
Preferred Stock -- no par value, 3,000,000 shares authorized, 0 shares issued and outstanding
Common stock - no par value, 15,000,000 shares authorized, 3,879,608 shares issued and 3,835,950 shares outstanding 13,898,494 13,898,494
Paid-in-capital 3,587,287 2,506,437
Accumulated earnings (9,992,841) (2,865,486)
Accumulated other comprehensive loss (5,348,812) (6,050,347)
Less: Treasury stock, 43,658 shares (160,784) (160,784)
Total Yunhong CTI, LTD (f/k/a CTI Industries Corporation) stockholders' equity 1,983,344 7,328,314
Noncontrolling interest (856,837) (1,072,585)
Total Equity 1,126,507 6,255,729
TOTAL LIABILITIES AND EQUITY $ 31,321,083 $ 38,760,834