XML 15 R4.htm IDEA: XBRL DOCUMENT v3.23.1
Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($)
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Income Statement [Abstract]    
Net Sales $ 18,048,000 $ 24,085,666
Cost of Sales 14,910,000 20,322,000
Gross profit 3,138,000 3,764,000
Operating expenses:    
General and administrative 3,720,000 3,815,000
Selling 136,000 132,000
Advertising and marketing 402,000 323,000
Total operating expenses 4,258,000 4,270,000
Loss from operations (1,120,000) (506,000)
Other (expense) income:    
Interest expense (450,000) (564,000)
Gain on Sale and Leaseback Transaction 3,357,000
Reclassification of Cumulative Foreign Currency Loss (5,885,000)
Loss on Sale of Subsidiary (4,325,000)
Other income/(expense) 103,000 195,000
Total other expense, net (347,000) (7,222,000)
Loss from continuing operations before taxes (1,467,000) (7,728,000)
Income tax expense
Loss from continuing operations (1,467,000) (7,728,000)
Income (Loss) from discontinued operations , net of tax 174,000
Net Loss (1,467,000) (7,554,000)
Less: Net loss attributable to noncontrolling interest (718,000)
Net loss attributable to Yunhong CTI, Ltd (1,467,000) (8,272,000)
Other Comprehensive Income (Loss)    
Foreign currency adjustment (388,000)
Reclassification of foreign currency adjustment to earnings 6,273,000
Comprehensive loss (1,467,000) (1,669,000)
Deemed dividends on preferred stock and amortization of beneficial conversion feature (584,000) (3,573,000)
Net Loss Attributable to Yunhong CTI Ltd Common Shareholders $ (2,051,000) $ (11,845,000)
Basic income (loss) per common share    
Continuing operations $ (0.22) $ (2.04)
Discontinued operations 0.03
Basic income (loss) per common share (0.22) (2.01)
Diluted income (loss) per common share    
Continuing operations (0.22) (2.04)
Discontinued operations 0.03
Diluted income (loss) per common share $ (0.22) $ (2.01)
Weighted average number of shares and equivalent shares of common stock outstanding:    
Basic 9,301,888 5,878,887
Diluted 9,301,888 5,878,887