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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
Sep. 30, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 59,205 $ 258,238
Accounts receivable, net 6,914,584 10,245,728
Inventories, net 16,286,452 17,388,634
Prepaid expenses 452,125 834,690
Other current assets 1,145,545 784,125
Receivable from related party 1,392,666
Current assets of discontinued operations 1,304,305 3,499,319
Total current assets 27,554,882 33,010,734
Property, plant and equipment:    
Machinery and equipment 23,747,842 23,668,082
Building 3,374,334 3,367,082
Office furniture and equipment 2,285,345 2,573,095
Intellectual property 783,179 783,179
Land 250,000 250,000
Leasehold improvements 409,347 409,188
Fixtures and equipment at customer locations 518,450 518,450
Projects under construction 96,696 150,272
Property, Plant and Equipment, Gross 31,465,193 31,719,348
Less : accumulated depreciation and amortization (28,600,235) (27,998,437)
Total property, plant and equipment, net 2,864,958 3,720,912
Other assets:    
Goodwill 1,473,176
Net deferred income tax asset 135,094 135,094
Operating lease right-of-use 1,295,745
Other assets 123,160 248,120
Total other assets 1,554,000 1,856,390
Other non-current assets of discontinued operations 172,798
TOTAL ASSETS 31,973,840 38,760,834
Current liabilities:    
Checks written in excess of bank balance 244,201 636,142
Trade payables 8,032,613 5,951,929
Line of credit 12,560,206 16,582,963
Notes payable - current portion 3,787,533 4,432,320
Notes payable affiliates - current portion 11,789 10,821
Operating Lease Liabilities 839,836 0
Accrued liabilities 1,062,601 1,786,761
Current liabilities of discontinued operations 1,071,617 807,776
Total current liabilities 27,610,396 30,208,712
Long-term liabilities:    
Notes payable - affiliates 19,347 167,248
Notes payable, net of current portion 839,207 399,912
Operating Lease Liabilities 455,909
Notes payable - officers, subordinated 1,042,766 1,597,019
Deferred gain (non-current) 214,074 100,340
Other long-term liabilities of discontinued operations 31,874
Total long-term liabilities 2,571,303 2,296,393
TOTAL LIABILITIES 30,181,699 32,505,105
Yunhong CTI, LTD 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 3,481,838 2,506,437
Accumulated earnings (8,545,637) (2,865,486)
Accumulated other comprehensive loss (6,034,745) (6,050,347)
Less: Treasury stock, 43,658 shares (160,784) (160,784)
Total Yunhong CTI, LTD stockholders' equity 2,639,166 7,328,314
Noncontrolling interest (847,025) (1,072,585)
Total Equity 1,792,141 6,255,729
TOTAL LIABILITIES AND EQUITY $ 31,973,840 $ 38,760,834