XML 29 R4.htm IDEA: XBRL DOCUMENT v3.20.1
Condensed Consolidated Statements of Comprehensive Income (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Net Sales $ 12,536,389 $ 13,979,177
Cost of Sales 10,540,218 11,110,786
Gross profit 1,996,171 2,868,391
Operating expenses:    
General and administrative 1,841,898 1,884,046
Selling 437,565 858,537
Advertising and marketing 172,577 296,880
Impairment of long-lived assets 1,253,176 (35,503)
Gain on sale of assets (23,547) (24,414)
Total operating expenses 3,681,669 3,015,049
Loss from operations (1,685,498) (146,658)
Other (expense) income:    
Interest expense (546,906) (564,060)
Other Income/(expense) (315,478)
Interest income (345)
Foreign currency loss (8,594) 31,028
Total other expense, net (870,978) (533,377)
Net loss before taxes (2,556,476) (680,035)
Income tax benefit (209,484)
Net loss (2,556,476) (470,551)
Less: Net (loss) income attributable to noncontrolling interest (62,388) (7,543)
Net income attributable to Yunhong CTI, LTD (2,494,088) (463,008)
Other Comprehensive Income (Loss)    
Foreign currency adjustment 235,876 433,065
Comprehensive Income (Loss) $ (2,258,212) $ (29,943)
Basic loss per common share (in dollars per share) $ (0.67) $ (0.13)
Diluted loss per common share (in dollars per share) $ (0.67) $ (0.13)
Weighted average number of shares and equivalent shares of common stock outstanding:    
Basic (in shares) 3,735,950 3,530,227
Diluted (in shares) 3,735,950 3,530,227