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Condensed Consolidated Statements of Comprehensive Income (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Net Sales $ 6,325,241 $ 5,745,353 $ 13,741,409 $ 12,812,854
Cost of Sales 5,459,424 5,135,641 11,782,399 10,721,700
Gross profit 865,817 609,712 1,959,010 2,091,154
Operating expenses:        
General and administrative 1,257,268 1,484,008 2,377,618 2,186,439
Selling 32,604 26,636 65,357 80,390
Advertising and marketing 74,620 81,165 181,186 201,994
Gain on sale of assets (3,356,794) (20,016) (3,356,794) (45,700)
Total operating (income) expenses (1,992,302) 1,571,793 (732,633) 2,423,123
Income (loss) from operations 2,858,119 (962,081) 2,691,643 (331,969)
Other (expense) income:        
Interest expense (181,490) (336,925) (412,649) (778,102)
Gain on forgiveness of Payroll Protection Program Funding 0 800,146 0 800,146
Other Expense (273,823) (330,006) (331,516) (372,340)
Foreign currency gain 35,882 (30,374) 9,499 (184,457)
Total other income (expense), net (419,431) 102,841 (734,666) (534,753)
Income (Loss) from continuing operations before taxes 2,438,688 (859,240) 1,956,977 (866,722)
Income tax expense 0 0 0 0
Income (Loss) from continuing operations 2,438,688 (859,240) 1,956,977 (866,722)
Gain (loss) from discontinued operations, net of tax 44,890 (599,956) 146,252 (1,086,593)
Net Income (Loss) 2,483,578 (1,459,196) 2,103,229 (1,953,315)
Less: Net income attributable to noncontrolling interest 701,255 68,313 743,069 212,890
Net income (loss) attributable to Yunhong CTI, Ltd 1,782,323 (1,527,509) 1,360,160 (2,166,205)
Other Comprehensive Income (Loss)        
Foreign currency adjustment 48,073 66,327 31,806 (1,297,176)
Reclassification of foreign currency translation gains to earnings (92,282) 0 (92,282) 0
Comprehensive Income Loss 2,439,369 (1,461,182) 2,042,753 (3,463,381)
Deemed Dividends on preferred stock and amortization of beneficial conversion feature (168,000) (237,824) (1,876,876) (2,618,768)
Net Income (Loss) attributable to Yunhong CTI Ltd Shareholders $ 1,614,323 $ (1,699,066) $ (516,716) $ (6,082,149)
Basic income (loss) per common share        
Continuing operations (in dollars per share) $ 0.27 $ (0.27) $ (0.11) $ (0.88)
Discontinued operations (in dollars per share) 0.01 (0.14) 0.02 (0.26)
Basic income (loss) per common share (in dollars per share) 0.28 (0.41) (0.09) (1.14)
Diluted income (loss) per common share        
Continuing operations (in dollars per share) 0.12 (0.27) (0.11) (0.88)
Discontinued operations (in dollars per share) 0.00 (0.14) 0.02 (0.26)
Diluted income (loss) per common share (in dollars per share) $ 0.12 $ (0.41) $ (0.09) $ (1.14)
Weighted average number of shares and equivalent shares of common stock outstanding:        
Basic (in shares) 5,886,750 4,352,292 5,870,894 4,184,521
Diluted (in shares) 14,286,750 4,352,292 5,870,894 4,184,521