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Condensed Consolidated Balance Sheets - USD ($)
Dec. 31, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 429,457 $ 845,098
Accounts receivable 5,013,195 6,793,532
Inventories, net 10,969,711 13,536,707
Prepaid expenses 589,149 353,183
Other current assets 1,352,419 1,312,205
Income Tax Receivable 403,074
Receivable from related party, net of allowance for reserve 100,000 1,387,131
Current assets of discontinued operations 294,219 3,396,860
Total current assets 19,151,224 27,624,716
Property, plant and equipment:    
Machinery and equipment 19,833,903 23,822,808
Building 3,321,016 3,374,334
Office furniture and equipment 2,231,458 2,289,444
Intellectual property 783,179 783,179
Land 250,000 250,000
Leasehold improvements 407,476 415,737
Fixtures and equipment at customer locations 518,450 518,450
Projects under construction 71,206 74,929
Property, Plant and Equipment, Gross 27,416,688 31,528,881
Less : accumulated depreciation and amortization (25,466,213) (28,997,809)
Total property, plant and equipment, net 1,950,475 2,531,072
Other assets:    
Operating lease right-of-use 361,720 1,046,438
Other assets 87,552 118,857
Total other assets 449,272 1,165,295
TOTAL ASSETS 21,550,971 31,321,083
Current liabilities:    
Trade payables 5,504,442 7,021,580
Line of credit 5,363,340 14,518,107
Notes payable - current portion 3,913,666 3,451,880
Advance from Investor 1,500,000
Notes payable affiliates - current portion 8,045 12,684
Notes payable - officers, subordinated 1,123,769
Operating lease liabilities 317,591 658,374
Accrued liabilities 871,761 1,205,027
Current liabilities of discontinued operations 184,577 656,753
Total current liabilities 18,787,191 27,524,405
Long-term liabilities:    
Notes payable - affiliates 14,340
Notes payable, net of current portion 1,024,441
Operating lease liabilities 44,129 388,064
Notes payable - officers, subordinated 1,058,486
Deferred gain (non current) 184,840
Total long-term liabilities 44,129 2,670,171
TOTAL LIABILITIES 18,831,320 30,194,576
Mezzanine equity:    
Series B Preferred stock -- no par value, 170,000 share authorized 170,000 shares issued and outstanding at December 31, 2020 and nil at December 31, 2019 (liquidation preference - $5.0 million as of December 31, 2020) 1,532,164
Yunhong CTI, Ltd stockholders' equity:    
Series A Preferred Stock -- no par value, 3,000,000 shares authorized, 500,000 shares issued and outstanding at December 31, 2020 and nil at December 31, 2019 respectively (liquidation preference - $5.0 million as of December 31, 2020) 2,754,583
Common stock - no par value, 50,000,000 and 15,000,000 shares authorized, 5,827,304 and 3,879,608 shares issued and 5,783,646 and 3,835,930 shares outstanding at December 31, 2020 and December 31, 2019 respectively 14,537,828 13,898,494
Paid-in-capital 5,041,511 3,587,287
Accumulated deficit (14,382,327) (9,992,841)
Accumulated other comprehensive loss (5,885,112) (5,348,812)
Less: Treasury stock, 43,658 shares (160,784) (160,784)
Total Yunhong CTI, Ltd Stockholders' Equity 1,905,699 1,983,344
Noncontrolling interest (718,212) (856,837)
Total Shareholders' Equity 1,187,487 1,126,507
TOTAL LIABILITIES, MEZZANINE EQUITY AND SHAREHOLDERS' EQUITY $ 21,550,971 $ 31,321,083