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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
Jun. 30, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents (VIE $2,000 and $57,000, respectively) $ 178,298 $ 428,150
Accounts receivable, (less allowance for doubtful accounts of $515,000 and $85,000, respectively) 8,398,010 10,830,555
Inventories, net (VIE $242,000 and $340,000, respectively) 19,266,094 20,007,488
Prepaid expenses (VIE $106,000 and $127,000, respectively) 385,399 858,158
Other current assets 1,191,924 886,383
Total current assets 29,419,724 33,010,734
Property, plant and equipment:    
Machinery and equipment 23,880,732 23,807,985
Building 3,374,334 3,367,082
Office furniture and equipment (VIE $303,000 and $303,000, respectively) 2,685,450 2,649,280
Intellectual property 783,179 783,179
Land 250,000 250,000
Leasehold improvements 413,053 409,188
Fixtures and equipment at customer locations 518,450 518,450
Projects under construction 87,857 150,272
Property, Plant and Equipment, Gross 31,993,055 31,935,436
Less : accumulated depreciation and amortization (VIE $107,000 and $104,000, respectively) (28,623,748) (28,120,455)
Total property, plant and equipment, net 3,369,307 3,814,981
Other assets:    
Goodwill (VIE $0 and $440,000, respectively) 0 1,473,176
Net deferred income tax asset 135,094 135,094
Operating lease right-of-use 2,127,636
Other assets 174,935 326,849
Total other assets 2,437,665 1,935,119
TOTAL ASSETS 35,226,695 38,760,834
Current liabilities:    
Checks written in excess of bank balance (VIE $2,000 and $7,000, respectively) 1,030,369 636,142
Trade payables (VIE $77,000 and $62,000, respectively) 8,678,165 6,679,670
Line of credit (VIE $232,000 and $267,000, respectively) 12,429,643 16,582,963
Notes payable - current portion 4,222,104 4,432,320
Notes payable affiliates - current portion 11,727 10,821
Operating Lease Liabilities 1,154,853 0
Accrued liabilities (VIE $35,000 and $89,000, respectively) 1,285,064 1,866,796
Total current liabilities 28,811,925 30,208,712
Long-term liabilities:    
Notes payable - affiliates 222,408 199,122
Notes payable, net of current portion (VIE $30,000 and $27,000, respectively) 743,675 399,912
Operating Lease Liabilities 972,782
Notes payable - officers, subordinated 1,027,280 1,597,019
Deferred gain (non current) 257,348 100,340
Total long-term debt, net of current portion 3,223,493 2,296,393
Total liabilities 32,035,418 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 3,461,832 2,506,437
Accumulated earnings (6,604,052) (2,865,486)
Accumulated other comprehensive loss (5,753,138) (6,050,347)
Less: Treasury stock, 43,658 shares (160,784) (160,784)
Total CYunhong CTI, LTD stockholders' equity 4,842,352 7,328,314
Noncontrolling interest (1,651,075) (1,072,585)
Total Equity 3,191,277 6,255,729
TOTAL LIABILITIES AND EQUITY $ 35,226,695 $ 38,760,834