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Condensed Consolidated Balance Sheets - USD ($)
Sep. 30, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 101,000 $ 66,000
Accounts receivable, net 1,411,000 3,443,000
Inventories, net 9,162,000 7,876,000
Prepaid expenses 574,000 625,000
Other current assets 89,000 464,000
Total current assets 11,337,000 12,474,000
Property, plant and equipment:    
Machinery and equipment 17,647,000 17,470,000
Office furniture and equipment 2,076,000 2,076,000
Intellectual property 783,000 783,000
Leasehold improvements 36,000 23,000
Fixtures and equipment at customer locations 519,000 519,000
Projects under construction 153,000 223,000
Property plant and equipment, gross 21,214,000 21,094,000
Less : accumulated depreciation and amortization (20,242,000) (19,951,000)
Total property, plant and equipment, net 972,000 1,143,000
Other assets:    
Operating lease right-of-use 4,005,000 3,530,000
Other assets 135,000
Total other assets 4,005,000 3,665,000
TOTAL ASSETS 16,314,000 17,282,000
Current liabilities:    
Trade payables 2,078,000 2,132,000
Line of credit 3,972,000 5,003,000
Notes payable - current portion 266,000 726,000
Notes payable – related party, subordinated 1,193,000
Operating Lease Liabilities - current 509,000 670,000
Investor deposit liability 570,000
Accrued liabilities 894,000 647,000
Total current liabilities 8,289,000 10,371,000
Long-term liabilities:    
Notes payable - noncurrent 462,000
Notes payable – related party, subordinated 1,252,000
Operating Lease Liabilities – noncurrent 3,496,000 2,860,000
Total long-term liabilities 5,210,000 2,860,000
TOTAL LIABILITIES 13,499,000 13,231,000
Equity:    
Common stock - no par value, 50,000,000 shares authorized, 16,102,749 and 5,930,408 shares issued and16,059,991 and 5,886,750 shares outstanding at September 30, 2022 and December 31, 2021 respectively 21,283,000 14,538,000
Paid-in-capital 3,920,000 4,317,000
Accumulated deficit (24,044,000) (22,655,000)
Less: Treasury stock, 43,658 shares (161,000) (161,000)
Total Yunhong CTI, Ltd Stockholders’ Equity 2,815,000 4,051,000
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY 16,314,000 17,282,000
Series A Preferred Stock [Member]    
Equity:    
Preferred Stock Value 3,155,000
Series B Preferred Stock [Member]    
Equity:    
Preferred Stock Value 1,817,000 1,715,000
Series C Preferred Stock [Member]    
Equity:    
Preferred Stock Value 1,630,000
Series D Preferred Stock [Member]    
Equity:    
Preferred Stock Value $ 1,512,000