XML 44 R25.htm IDEA: XBRL DOCUMENT
v3.20.1

Note 2 - Discontinued Operations (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2019
Notes Tables |
Disposal Groups, Including Discontinued Operations [Table Text Block] |
|  | 09/30/19 |  |  | 09/30/18 |
Income Statement |  |  |  |  |  |  |  |
Net Sales |  | $ | 1,177,953 |  |  | $ | 1,397,033 |
Cost of Sales |  |  | 1,163,985 |  |  |  | 1,041,266 |
Gross Margin |  |  | 13,968 |  |  |  | 355,767 |
Impairment of Long-Lived Assets |  |  |  |  |  |  |  |
SG&A |  |  | 373,625 |  |  |  | 330,898 |
Operating Income |  |  | (359,657) |  |  |  | 24,869 |
Other Expense (income) |  |  | 35,111 |  |  |  | (8,038 | )
pretax loss from discontinued operations |  |  | (394,768 | ) |  |  | 32,907 |
Loss from classification to held for sale |  |  | 604,483 |  |  |  | - |
Income Tax Expense |  |  | - |  |  |  | 9,214 |
(Loss)Income prior to non-controlling interest |  |  | (999,251 | ) |  |  | 23,693 |
Non-controlling Interest share of profit/loss |  |  | (271,807 | ) |  |  | 15,411 |
(Loss) Income attributable to CTI shareholders |  | $ | (727,444 | ) |  | $ | 8,282 |
|  |  | 09/30/19 |  |  |  | 09/30/18 |
Income Statement |  |  |  |  |  |  |  |
Net Sales |  | $ | 4,152,390 |  |  | $ | 4,981,152 |
Cost of Sales |  |  | 4,881,526 |  |  |  | 3,860,225 |
Gross Margin |  |  | (729,136 | ) |  |  | 1,120,927 |
Impairment of Long-Lived Assets |  |  | (4,173 | ) |  |  |  |
SG&A |  |  | 1,342,360 |  |  |  | 1,103,266 |
Operating Income |  |  | (2,067,323 | ) |  |  | 17,662 |
Other Expense (income) |  |  | 58,990 |  |  |  | (34,219 | )
Pretax loss from discontinued operations |  |  | (2,126,313 | ) |  |  | 51,880 |
Loss from classification to held for sale |  |  | 604,483 |  |  |  | - |
Income Tax Expense |  |  | - |  |  |  | 14,526 |
Income (loss) prior to non-controlling interest |  |  | (2,730,796 | ) |  |  | 37,354 |
Non-controlling Interest share of (loss)/income |  |  | (837,136 | ) |  |  | 46,067 |
Income (loss) attributable to CTI shareholders |  | $ | (1,893,660 | ) |  | $ | (8,713 | )
|  | 9/30/2019 |  |  | 12/31/2018 |
Balance Sheet |  |  |  |  |  |  |  |
Assets |  |  |  |  |  |  |  |
Current Assets |  |  |  |  |  |  |  |
Cash on hand and Banks |  | $ | 56,769 |  |  | $ | 169,912 |
Accounts Receivable |  |  | 687,607 |  |  |  | 584,827 |
Inventory |  |  | 453,395 |  |  |  | 2,618,854 |
Prepaid & Other |  |  | - |  |  |  | 125,726 |
TOTAL Current Assets |  |  | 1,197,771 |  |  |  | 3,499,319 |
NET Property, Plant, and Equipment |  |  | 105,594 |  |  |  | 94,069 |
Other Assets |  |  |  |  |  |  |  |
Operating lease right-of-use |  |  | 561,120 |  |  |  | - |
Other |  |  | 44,303 |  |  |  | 78,729 |
TOTAL Other Assets |  |  | 605,423 |  |  |  | 78,729 |
TOTAL Non-Current Assets |  |  | 711,017 |  |  |  | 172,798 |
Less Valuation Allowance on Held for Sale classification |  |  | (604,483) |  |  |  |  |
TOTAL Assets |  | $ | 1,304,305 |  |  | $ | 3,672,117 |
Liabilities |  |  |  |  |  |  |  |
Current Liabilities |  |  |  |  |  |  |  |
Trade Accounts Payable |  | $ | 435,785 |  |  | $ | 727,741 |
Operating Lease Liabilities - Current |  |  | 382,214 |  |  |  | - |
Other/Accrued Liabilities |  |  | 43,425 |  |  |  | 80,035 |
TOTAL Current Liabilities |  |  | 861,424 |  |  |  | 807,776 |
Non-Current Liabilities |  |  |  |  |  |  |  |
Operating Lease Liabilities - Non Current |  |  | 178,906 |  |  |  | - |
Other Non-Current |  |  | 31,287 |  |  |  | 31,874 |
TOTAL Non-Current Liabilities |  |  | 210,193 |  |  |  | 31,874 |
|  |  | - |  |  |  | - |
TOTAL Liabilities |  | $ | 1,071,617 |  |  | $ | 839,650 |
|  | Three Months Ended |  |  | Nine Months Ended |
|  | September 30, |  |  | September 30, |
|  | 2019 |  |  | 2018 |  |  | 2019 |  |  | 2018 |
Depreciation |  |  | 7,321 |  |  |  | 7,963 |  |  |  | 20,519 |  |  |  | 21,588 |

X
- Definition Tabular disclosure of information related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 3A -URI http://asc.fasb.org/extlink&oid=109226691&loc=SL51724579-110230 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=109222650&loc=d3e1474-107760 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5D -URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721677-107760 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=109222160&loc=SL51721533-107759 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 3A -URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721659-107760 Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 4B -URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721665-107760 Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=109226691&loc=d3e2941-110230 Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5C -URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721675-107760 Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721683-107760 Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=109222650&loc=d3e1361-107760 Reference 11: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5A -URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721671-107760 Reference 12: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5B -URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721673-107760 Reference 13: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 4A -URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721663-107760 + Details
Name: | us-gaap_ScheduleOfDisposalGroupsIncludingDiscontinuedOperationsIncomeStatementBalanceSheetAndAdditionalDisclosuresTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_TableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration