XML 43 R1.htm IDEA: XBRL DOCUMENT v3.20.1
Document And Entity Information - shares
 6 Months Ended
Jun. 30, 2019
Aug. 01, 2019
Document Information [Line Items]    
Entity Registrant Name Yunhong CTI LTD.  
Entity Central Index Key 0001042187  
Trading Symbol ctib  
Current Fiscal Year End Date --12-31  
Entity Filer Category Non-accelerated Filer  
Entity Current Reporting Status Yes  
Entity Emerging Growth Company false  
Entity Small Business true  
Entity Interactive Data Current Yes  
Entity Common Stock, Shares Outstanding (in shares)   3,835,950
Entity Shell Company false  
Document Type 10-Q/A  
Document Period End Date Jun. 30, 2019  
Document Fiscal Year Focus 2019  
Document Fiscal Period Focus Q2  
Amendment Flag true  
Amendment Description Amendment No. 1 on Form 10-Q/A amends and restates certain items noted below in the Quarterly Report on Form 10-Q of Yunhong CTI Ltd. (formerly CTI Industries Corporation) (the "Company") for the quarter ended June 30, 2019, as originally filed with the Securities and Exchange Commission on August 19, 2019 (the "Original Filing"). This Form 10-Q/A amends the Original Filing to reflect the following changes. First, the Original Filing was made without the benefit of auditor review, as noted in the Original Filing, and this amendment reflects the inclusion of outside auditor participation. Second, additional information of subsequent events is detailed in this amended filing. Third, we adjusted the financial statement line items on which the $3 million impairment charge was recorded and added footnote disclosure to further describe the impairment charge. Finally, we adjusted our lease accounting entry on the balance sheet. As of January 3, 2020, the Audit Committee of the Board approved the engagement of RBSM, LLP ("RBSM") as the Company's independent registered public accounting firm for the Company’s fiscal year ended December 31, 2019. This Form 10-Q/A is being prepared with the benefit of auditor review and will constitute our amended filing. This Form 10-Q/A has also been updated to reflect disclosure of subsequent events that have occurred after the balance sheet date, but before the issuance of the associated financial statements. The subsequent events included the Company's decision to exit its underperforming international subsidiaries, exit a significant product line, change its capital structure and focus its efforts on its US-based foil balloon and related product offerings. For the convenience of the reader, this Form 10-Q/A amends and restates only the following financial statements and disclosures that were impacted from the changes: Item No. 1 – Financial Statements Item No. 2 – Management's Discussion and Analysis of Financial Condition and Results of Operations Item No. 4 – Controls and Procedures Item No. 6 – Exhibits Except as described above, no other changes have been made to the Original Filing.  
Title of 12(b) Security Common Stock