2013 Form 10-K Financial Statement

#000114420414019635 Filed on April 01, 2014

View on sec.gov

Income Statement

Concept 2013 2012 Q4 2012
Revenue $56.06M $12.13M $49.54M
YoY Change 13.15% 12.52% 5.03%
Cost Of Revenue $43.45M $9.350M $38.64M
YoY Change 12.45% 11.58% 1.75%
Gross Profit $12.61M $2.790M $10.91M
YoY Change 15.65% 16.25% 18.42%
Gross Profit Margin 22.5% 23.0% 22.01%
Selling, General & Admin $8.789M $2.850M $8.078M
YoY Change 8.8% 40.39% 3.97%
% of Gross Profit 69.68% 102.15% 74.07%
Research & Development $838.0K $516.0K
YoY Change 62.4%
% of Gross Profit 6.64% 4.73%
Depreciation & Amortization $1.848M $470.0K $1.800M
YoY Change 2.62% 11.9% 0.02%
% of Gross Profit 14.65% 16.85% 16.51%
Operating Expenses $10.52M $2.850M $9.848M
YoY Change 6.85% 40.39% 26.9%
Operating Profit $2.090M -$60.00K $1.059M
YoY Change 97.4% -116.22% -26.97%
Interest Expense $1.462M -$370.0K $1.013M
YoY Change 44.27% 117.65% -238.81%
% of Operating Profit 69.93% 95.69%
Other Income/Expense, Net -$1.412M -$966.3K
YoY Change 46.17%
Pretax Income $677.9K -$430.0K $92.60K
YoY Change 632.02% -315.0% -86.77%
Income Tax $269.8K -$160.0K $46.27K
% Of Pretax Income 39.81% 49.97%
Net Earnings $375.5K -$220.0K $101.7K
YoY Change 269.05% -237.5% -78.8%
Net Earnings / Revenue 0.67% -1.81% 0.21%
Basic Earnings Per Share $0.12 $0.03
Diluted Earnings Per Share $0.11 -$67.90K $0.03
COMMON SHARES
Basic Shares Outstanding 3.249M shares 3.217M shares
Diluted Shares Outstanding 3.405M shares 3.293M shares

Balance Sheet

Concept 2013 2012 Q4 2012
SHORT-TERM ASSETS
Cash & Short-Term Investments $670.0K $350.0K $350.0K
YoY Change 91.43% 2.94% 2.94%
Cash & Equivalents $670.0K $351.1K $350.0K
Short-Term Investments
Other Short-Term Assets $3.200M $820.6K $3.200M
YoY Change 0.0% -67.69% 25.98%
Inventory $15.43M $15.81M $15.81M
Prepaid Expenses $1.525M
Receivables $8.880M $7.773M $7.770M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $28.17M $27.13M $27.13M
YoY Change 3.83% 16.44% 16.44%
LONG-TERM ASSETS
Property, Plant & Equipment $8.680M $8.699M $8.700M
YoY Change -0.23% -1.59% -1.58%
Goodwill $1.033M
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $720.0K $133.0K $870.0K
YoY Change -17.24% -69.77% 141.67%
Total Long-Term Assets $10.90M $10.62M $10.62M
YoY Change 2.64% 2.88% 2.91%
TOTAL ASSETS
Total Short-Term Assets $28.17M $27.13M $27.13M
Total Long-Term Assets $10.90M $10.62M $10.62M
Total Assets $39.07M $37.75M $37.75M
YoY Change 3.5% 12.28% 12.28%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $3.570M $5.708M $5.710M
YoY Change -37.48% -10.25% -10.22%
Accrued Expenses $3.000M $2.997M $3.000M
YoY Change 0.0% 44.1% 44.23%
Deferred Revenue
YoY Change
Short-Term Debt $8.770M $6.250M $6.250M
YoY Change 40.32% -14.38% -14.38%
Long-Term Debt Due $380.0K $1.485M $1.490M
YoY Change -74.5% -17.5% -17.22%
Total Short-Term Liabilities $16.43M $16.96M $16.96M
YoY Change -3.13% -4.11% -4.13%
LONG-TERM LIABILITIES
Long-Term Debt $9.060M $7.980M $7.980M
YoY Change 13.53% 91.38% 91.37%
Other Long-Term Liabilities $820.0K $720.0K $720.0K
YoY Change 13.89%
Total Long-Term Liabilities $9.880M $8.702M $8.700M
YoY Change 13.56% 108.67% 108.63%
TOTAL LIABILITIES
Total Short-Term Liabilities $16.43M $16.96M $16.96M
Total Long-Term Liabilities $9.880M $8.702M $8.700M
Total Liabilities $26.42M $25.67M $25.50M
YoY Change 3.61% 18.0% 17.24%
SHAREHOLDERS EQUITY
Retained Earnings -$266.4K
YoY Change
Common Stock $14.82M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $141.3K
YoY Change
Treasury Stock Shares 72.13K shares
Shareholders Equity $12.66M $12.24M $12.24M
YoY Change
Total Liabilities & Shareholders Equity $39.07M $37.75M $37.75M
YoY Change 3.5% 12.28% 12.28%

Cashflow Statement

Concept 2013 2012 Q4 2012
OPERATING ACTIVITIES
Net Income $375.5K -$220.0K $101.7K
YoY Change 269.05% -237.5% -78.8%
Depreciation, Depletion And Amortization $1.848M $470.0K $1.800M
YoY Change 2.62% 11.9% 0.02%
Cash From Operating Activities $170.0K $50.00K -$2.100M
YoY Change -108.1% -95.28% -356.1%
INVESTING ACTIVITIES
Capital Expenditures $2.059M -$450.0K $1.212M
YoY Change 69.89% 45.16% -209.18%
Acquisitions
YoY Change
Other Investing Activities $110.0K
YoY Change
Cash From Investing Activities -$1.950M -$450.0K -$1.210M
YoY Change 61.16% 45.16% 9.01%
FINANCING ACTIVITIES
Cash Dividend Paid $14.00K $0.00
YoY Change
Common Stock Issuance & Retirement, Net $0.00
YoY Change
Debt Paid & Issued, Net $547.3K $854.4K
YoY Change -35.94%
Cash From Financing Activities 2.100M 390.0K 3.310M
YoY Change -36.56% -145.88% -2464.29%
NET CHANGE
Cash From Operating Activities 170.0K 50.00K -2.100M
Cash From Investing Activities -1.950M -450.0K -1.210M
Cash From Financing Activities 2.100M 390.0K 3.310M
Net Change In Cash 320.0K -10.00K 0.000
YoY Change -90.0% -100.0%
FREE CASH FLOW
Cash From Operating Activities $170.0K $50.00K -$2.100M
Capital Expenditures $2.059M -$450.0K $1.212M
Free Cash Flow -$1.889M $500.0K -$3.312M
YoY Change -42.97% -63.5% -271.6%

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CY2013 us-gaap Inventory Write Down
InventoryWriteDown
101282 USD
CY2012 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-424841 USD
CY2013 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
133442 USD
CY2012 us-gaap Increase Decrease In Accounts Receivable
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536373 USD
CY2013 us-gaap Increase Decrease In Accounts Receivable
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1242753 USD
CY2012 us-gaap Increase Decrease In Inventories
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2498075 USD
CY2013 us-gaap Increase Decrease In Inventories
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-757124 USD
CY2012 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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455557 USD
CY2013 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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-18704 USD
CY2012 us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
-1002822 USD
CY2013 us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
-2262353 USD
CY2012 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
633715 USD
CY2013 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
49441 USD
CY2012 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
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-2100366 USD
CY2013 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
169637 USD
CY2012 us-gaap Payments To Acquire Property Plant And Equipment
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1211937 USD
CY2013 us-gaap Payments To Acquire Property Plant And Equipment
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2058901 USD
CY2012 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
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-1211937 USD
CY2013 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-1947797 USD
CY2012 us-gaap Proceeds From Repayments Of Bank Overdrafts
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361316 USD
CY2013 us-gaap Proceeds From Repayments Of Bank Overdrafts
ProceedsFromRepaymentsOfBankOverdrafts
176780 USD
CY2012 us-gaap Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
-1055015 USD
CY2013 us-gaap Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
2311173 USD
CY2012 us-gaap Repayments Of Long Term Debt
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854405 USD
CY2013 us-gaap Repayments Of Long Term Debt
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547331 USD
CY2012 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
5005531 USD
CY2013 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
233996 USD
CY2012 us-gaap Proceeds From Issuance Or Sale Of Equity
ProceedsFromIssuanceOrSaleOfEquity
67232 USD
CY2013 us-gaap Proceeds From Issuance Or Sale Of Equity
ProceedsFromIssuanceOrSaleOfEquity
0 USD
CY2012 us-gaap Payments Of Dividends
PaymentsOfDividends
0 USD
CY2013 us-gaap Payments Of Dividends
PaymentsOfDividends
14000 USD
CY2012 ctib Deferred Financing Costs
DeferredFinancingCosts
219350 USD
CY2013 ctib Deferred Financing Costs
DeferredFinancingCosts
35397 USD
CY2012 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
3305309 USD
CY2013 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
2099001 USD
CY2012 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
19535 USD
CY2013 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
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-5289 USD
CY2012 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
12541 USD
CY2013 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
315552 USD
CY2011Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
338523 USD
CY2012 us-gaap Interest Paid
InterestPaid
857547 USD
CY2013 us-gaap Interest Paid
InterestPaid
1303368 USD
CY2012 us-gaap Income Taxes Paid
IncomeTaxesPaid
18430 USD
CY2013 us-gaap Income Taxes Paid
IncomeTaxesPaid
25000 USD
CY2012 us-gaap Noncash Or Part Noncash Acquisition Fixed Assets Acquired1
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280606 USD
CY2013 us-gaap Noncash Or Part Noncash Acquisition Fixed Assets Acquired1
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26433 USD
CY2012 ctib Exercise Warrants And Payments Of Subordinated Debt
ExerciseWarrantsAndPaymentsOfSubordinatedDebt
3872 USD
CY2013 ctib Exercise Warrants And Payments Of Subordinated Debt
ExerciseWarrantsAndPaymentsOfSubordinatedDebt
0 USD
CY2012 us-gaap Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
413000 USD
CY2013 us-gaap Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
40000 USD
CY2013 us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
0 USD
CY2013Q4 us-gaap Inventory Raw Materials
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3342528 USD
CY2012Q4 us-gaap Inventory Work In Process
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1388271 USD
CY2013Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
1149704 USD
CY2013Q4 us-gaap Inventory Finished Goods
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11673872 USD
CY2012Q4 ctib Allowance For Excess Quantities Of Inventories
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636229 USD
CY2013Q4 ctib Allowance For Excess Quantities Of Inventories
AllowanceForExcessQuantitiesOfInventories
737691 USD
CY2013 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-81919 USD
CY2013 us-gaap Loss Contingency Disclosures
LossContingencyDisclosures
<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <table style="MARGIN-TOP: 0pt; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0pt" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0.25in"> <div><b>19.</b></div> </td> <td> <div><b>Contingencies</b></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"><b>&#160;</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">In the ordinary conduct of our business, we are from time to time subject to lawsuits, investigations and claims, including environmental claims and employee-related matters. Although we cannot predict with certainty the ultimate resolution of lawsuits, investigations and claims asserted against us, including civil penalties or other enforcement actions, we do not believe that any currently pending legal proceeding or proceedings to which we are a party will have a material adverse effect on our business, financial condition or results of operations.</div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
CY2013 us-gaap Use Of Estimates
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<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> <b><i>Use of Estimates</i></b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> &#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">In preparing financial statements in conformity with accounting principles generally accepted in the United States of America, management makes estimates and assumptions that affect the amounts reported of assets and liabilities, disclosure of contingent assets and liabilities at the date of the financial statements and the reported amount of revenues and expenses during the reporting period in the financial statements and accompanying notes. Actual results may differ from those estimates. The Company&#8217;s significant estimates include valuation allowances for doubtful accounts, lower of cost or market of inventory, slow moving inventory,&#160;deferred tax assets, recovery value of goodwill, and assumptions used as inputs in the Black-Scholes option-pricing model.</div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
CY2013 us-gaap Interest Costs Capitalized
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29000 USD
CY2012 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
516000 USD
CY2013 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
838000 USD
CY2012 us-gaap Advertising Expense
AdvertisingExpense
44000 USD
CY2013 us-gaap Advertising Expense
AdvertisingExpense
170000 USD
CY2012Q4 us-gaap Interest Rate Derivative Liabilities At Fair Value
InterestRateDerivativeLiabilitiesAtFairValue
128000 USD
CY2013Q4 us-gaap Interest Rate Derivative Liabilities At Fair Value
InterestRateDerivativeLiabilitiesAtFairValue
60000 USD
CY2012Q4 ctib Warrant Liability
WarrantLiability
721000 USD
CY2012Q4 us-gaap Liabilities Fair Value Disclosure
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849000 USD
CY2012 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
24000 USD
CY2012 us-gaap Derivative Instruments Not Designated As Hedging Instruments Type
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsType
Interest Rate Contracts
CY2013 us-gaap Derivative Instruments Not Designated As Hedging Instruments Type
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsType
Interest Rate Contracts
CY2012 us-gaap Description Of Location Of Interest Rate Derivative Instruments Not Designated As Hedging Instruments On Balance Sheet
DescriptionOfLocationOfInterestRateDerivativeInstrumentsNotDesignatedAsHedgingInstrumentsOnBalanceSheet
Accrued Liabilities
CY2013 us-gaap Description Of Location Of Interest Rate Derivative Instruments Not Designated As Hedging Instruments On Balance Sheet
DescriptionOfLocationOfInterestRateDerivativeInstrumentsNotDesignatedAsHedgingInstrumentsOnBalanceSheet
Accrued Liabilities
CY2013 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
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-81919 USD
CY2013 us-gaap Other Comprehensive Income Loss Before Tax
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-81919 USD
CY2013Q4 us-gaap Long Term Debt Current
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382000 USD
CY2013 us-gaap Other Comprehensive Income Loss Tax
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0 USD
CY2012Q4 us-gaap Long Term Debt
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7980000 USD
CY2013Q4 us-gaap Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
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-2253501 USD
CY2011Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
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-2285679 USD
CY2013 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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-81919 USD
CY2012Q4 us-gaap Inventory Raw Materials
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3485641 USD
CY2012Q4 us-gaap Inventory Finished Goods
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11575593 USD
CY2012Q4 us-gaap Debt Instrument Carrying Amount
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9462000 USD
CY2013Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
9440000 USD
CY2012Q4 us-gaap Long Term Debt Current
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1485000 USD
CY2013Q4 us-gaap Long Term Debt
LongTermDebt
9058000 USD
CY2013Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
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382000 USD
CY2013Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
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360000 USD
CY2013Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
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548000 USD
CY2013Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
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1716000 USD
CY2013Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
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5021000 USD
CY2013Q4 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
1413000 USD
CY2013 us-gaap Line Of Credit Facility Initiation Date1
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2010-04-29
CY2010Q2 us-gaap Line Of Credit Facility Amount Outstanding
LineOfCreditFacilityAmountOutstanding
14417000 USD
CY2010Q2 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
9000000 USD
CY2010Q2 ctib Equipment Loan
EquipmentLoan
2500000 USD
CY2010Q2 ctib Mortgage Loan Amount Of Carrying Value
MortgageLoanAmountOfCarryingValue
2333350 USD
CY2010Q2 ctib Term Loan Amount Of Carrying Value
TermLoanAmountOfCarryingValue
583333 USD
CY2010Q2 ctib Revolving Credit Facility Eligible Accounts Percentage
RevolvingCreditFacilityEligibleAccountsPercentage
0.85 pure
CY2010Q2 ctib Revolving Credit Facility Eligible Inventory Percentage
RevolvingCreditFacilityEligibleInventoryPercentage
0.6 pure
CY2010Q1 us-gaap Subordinated Debt
SubordinatedDebt
7100000 USD
CY2010 ctib Percentage Of Cumulative Net Income
PercentageOfCumulativeNetIncome
0.5 pure
CY2012Q3 us-gaap Debt Instrument Interest Rate Stated Percentage
DebtInstrumentInterestRateStatedPercentage
0.115 pure
CY2013 ctib Loan Amortization Term
LoanAmortizationTerm
P25Y
CY2013Q4 ctib Mortgage Loans Maturity Date
MortgageLoansMaturityDate
2013-04-30
CY2012Q3 ctib Revolver Loan Commitment Minimum
RevolverLoanCommitmentMinimum
9000000 USD
CY2012Q3 ctib Revolver Loan Commitment Maximum
RevolverLoanCommitmentMaximum
12000000 USD
CY2012Q3 ctib Proceeds From Issuance Of Note And Warrants
ProceedsFromIssuanceOfNoteAndWarrants
5000000 USD
CY2013 ctib Percentage Of Common Stock Issued
PercentageOfCommonStockIssued
0.04 pure
CY2012Q3 ctib Warrants Issued To Purchase Common Stock
WarrantsIssuedToPurchaseCommonStock
140048 shares
CY2012Q3 us-gaap Share Price
SharePrice
0.01
CY2013 ctib Closing Fee
ClosingFee
100000 USD
CY2012 ctib Debt Instrument Additional Interest Expense
DebtInstrumentAdditionalInterestExpense
46000 USD
CY2013 ctib Debt Instrument Additional Interest Expense
DebtInstrumentAdditionalInterestExpense
107000 USD
CY2013 ctib Level Of Adjusted Earnings Description
LevelOfAdjustedEarningsDescription
not less than 1.1 to 1
CY2013 ctib Value Allocated To Detachable Warrant
ValueAllocatedToDetachableWarrant
703000 USD
CY2003Q1 ctib Warrants To Purchase Of Common Shares
WarrantsToPurchaseOfCommonShares
163000 shares
CY2006Q1 ctib Warrants To Purchase Of Common Shares
WarrantsToPurchaseOfCommonShares
303030 shares
CY2003Q1 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
4.87
CY2006Q1 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
3.30
CY2003Q1 ctib Bank Loan Refinance
BankLoanRefinance
880000 USD
CY2003Q1 ctib Fair Value Of Warrants
FairValueOfWarrants
460000 USD
CY2006Q1 ctib Fair Value Of Warrants
FairValueOfWarrants
443000 USD
CY2008Q1 us-gaap Notes Reduction
NotesReduction
794000 USD
CY2008Q1 us-gaap Notes Payable
NotesPayable
4000 USD
CY2010Q2 us-gaap Notes Payable
NotesPayable
520000 USD
CY2006Q1 ctib Notes Bearing Interest Description
NotesBearingInterestDescription
five year subordinated notes bearing interest at 2% over the prime rate determined on a quarterly basis
CY2003Q1 ctib Warrants Term
WarrantsTerm
P5Y
CY2012 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
0 USD
CY2013 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
0 USD
CY2012 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
0 USD
CY2013 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
43751 USD
CY2012 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
471112 USD
CY2013 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
92643 USD
CY2012 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
471112 USD
CY2013 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
136394 USD
CY2012 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-112978 USD
CY2013 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-62192 USD
CY2012 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
0 USD
CY2013 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
0 USD
CY2012 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-311862 USD
CY2013 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
195634 USD
CY2012Q4 ctib Deferred Tax Assets Doubtful Accounts Allowance
DeferredTaxAssetsDoubtfulAccountsAllowance
20534 USD
CY2013Q4 ctib Deferred Tax Assets Doubtful Accounts Allowance
DeferredTaxAssetsDoubtfulAccountsAllowance
54352 USD
CY2012Q4 us-gaap Deferred Tax Assets Inventory
DeferredTaxAssetsInventory
255285 USD
CY2013Q4 us-gaap Deferred Tax Assets Inventory
DeferredTaxAssetsInventory
283193 USD
CY2012Q4 ctib Deferred Tax Assets Accrued Liabilities
DeferredTaxAssetsAccruedLiabilities
73929 USD
CY2013Q4 ctib Deferred Tax Assets Accrued Liabilities
DeferredTaxAssetsAccruedLiabilities
200395 USD
CY2012Q4 ctib Deferred Tax Assets Adjustments
DeferredTaxAssetsAdjustments
151625 USD
CY2013Q4 ctib Deferred Tax Assets Adjustments
DeferredTaxAssetsAdjustments
186611 USD
CY2012Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
602580 USD
CY2013Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
690846 USD
CY2012Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards Alternative Minimum Tax
DeferredTaxAssetsTaxCreditCarryforwardsAlternativeMinimumTax
348867 USD
CY2013Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards Alternative Minimum Tax
DeferredTaxAssetsTaxCreditCarryforwardsAlternativeMinimumTax
398162 USD
CY2012Q4 ctib Deferred Tax Assets State Investment Tax Credit Carryforwards
DeferredTaxAssetsStateInvestmentTaxCreditCarryforwards
34523 USD
CY2013Q4 ctib Deferred Tax Assets State Investment Tax Credit Carryforwards
DeferredTaxAssetsStateInvestmentTaxCreditCarryforwards
76668 USD
CY2012Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards Foreign
DeferredTaxAssetsTaxCreditCarryforwardsForeign
615080 USD
CY2013Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards Foreign
DeferredTaxAssetsTaxCreditCarryforwardsForeign
615080 USD
CY2012Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
600844 USD
CY2013Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
0 USD
CY2012Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
2703267 USD
CY2013Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
2967272 USD
CY2012Q4 ctib Deferred Tax Liability Tax Basis Capital Assets
DeferredTaxLiabilityTaxBasisCapitalAssets
1113335 USD
CY2013Q4 ctib Deferred Tax Liability Tax Basis Capital Assets
DeferredTaxLiabilityTaxBasisCapitalAssets
1354409 USD
CY2012Q4 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
207607 USD
CY2013Q4 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
152705 USD
CY2012Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
1382325 USD
CY2013Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
1248884 USD
CY2012 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
32411 USD
CY2013 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
230474 USD
CY2012 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
5718 USD
CY2013 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
42502 USD
CY2012 us-gaap Income Tax Reconciliation Nondeductible Expense
IncomeTaxReconciliationNondeductibleExpense
57937 USD
CY2013 us-gaap Income Tax Reconciliation Nondeductible Expense
IncomeTaxReconciliationNondeductibleExpense
40565 USD
CY2012 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
-49794 USD
CY2013 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
-43705 USD
CY2013Q4 us-gaap Operating Loss Carryforwards
OperatingLossCarryforwards
2668000 USD
CY2013 us-gaap Defined Contribution Plan Employer Matching Contribution Percent
DefinedContributionPlanEmployerMatchingContributionPercent
0.04 pure
CY2012 us-gaap Defined Benefit Plan Contributions By Employer
DefinedBenefitPlanContributionsByEmployer
126000 USD
CY2013 us-gaap Defined Benefit Plan Contributions By Employer
DefinedBenefitPlanContributionsByEmployer
90000 USD
CY2012 us-gaap Legal Fees
LegalFees
143000 USD
CY2013 us-gaap Legal Fees
LegalFees
117000 USD
CY2012 ctib Payments To Supplier
PaymentsToSupplier
2985000 USD
CY2013 ctib Payments To Supplier
PaymentsToSupplier
1942000 USD
CY2012Q4 us-gaap Accounts Payable Current And Noncurrent
AccountsPayableCurrentAndNoncurrent
679000 USD
CY2013Q4 us-gaap Accounts Payable Current And Noncurrent
AccountsPayableCurrentAndNoncurrent
402000 USD
CY2012 us-gaap Interest Expense Related Party
InterestExpenseRelatedParty
84000 USD
CY2013 us-gaap Interest Expense Related Party
InterestExpenseRelatedParty
76000 USD
CY2012Q4 us-gaap Due From Employees
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19000 USD
CY2013Q4 us-gaap Due From Employees
DueFromEmployees
24000 USD
CY2013Q4 us-gaap Operating Leases Future Minimum Payments Receivable Current
OperatingLeasesFutureMinimumPaymentsReceivableCurrent
1005000 USD
CY2013Q4 us-gaap Operating Leases Future Minimum Payments Receivable In Two Years
OperatingLeasesFutureMinimumPaymentsReceivableInTwoYears
898000 USD
CY2013Q4 us-gaap Operating Leases Future Minimum Payments Receivable In Three Years
OperatingLeasesFutureMinimumPaymentsReceivableInThreeYears
687000 USD
CY2013Q4 us-gaap Operating Leases Future Minimum Payments Receivable In Four Years
OperatingLeasesFutureMinimumPaymentsReceivableInFourYears
72000 USD
CY2013Q4 us-gaap Operating Leases Future Minimum Payments Receivable Thereafter
OperatingLeasesFutureMinimumPaymentsReceivableThereafter
0 USD
CY2013Q4 us-gaap Operating Leases Future Minimum Payments Receivable
OperatingLeasesFutureMinimumPaymentsReceivable
2662000 USD
CY2013Q4 ctib License Agreement Guaranteed Minimum Commitment In Next Twelve Months
LicenseAgreementGuaranteedMinimumCommitmentInNextTwelveMonths
375000 USD
CY2013Q4 ctib License Agreement Guaranteed Minimum Commitment Due There After
LicenseAgreementGuaranteedMinimumCommitmentDueThereAfter
0 USD
CY2013Q4 ctib License Agreement Guaranteed Minimum Commitment
LicenseAgreementGuaranteedMinimumCommitment
375000 USD
CY2012Q3 us-gaap Lease Expiration Date1
LeaseExpirationDate1
2017-02-28
CY2012 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
935000 USD
CY2013 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
963000 USD
CY2012Q3 us-gaap Land Subject To Ground Leases
LandSubjectToGroundLeases
117000 sqft
CY2011Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
86625 shares
CY2012Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
47000 shares
CY2012 ctib Share Based Compensation Arrangement By Share Based Payment Award Options Vests In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestsInPeriod
12250 shares
CY2013 ctib Share Based Compensation Arrangement By Share Based Payment Award Options Vests In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestsInPeriod
36718 shares
CY2012 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
49000 shares
CY2013 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
0 shares
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
2875 shares
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
0 shares
CY2013Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
83718 shares
CY2011Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
2.61
CY2012Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
4.03
CY2012 ctib Share Based Compensation Arrangements By Share Based Payment Award Options Vests In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsVestsInPeriodWeightedAverageExercisePrice
5.97
CY2013 ctib Share Based Compensation Arrangements By Share Based Payment Award Options Vests In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsVestsInPeriodWeightedAverageExercisePrice
5.49
CY2012 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
1.94
CY2013 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
0
CY2012 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
5.10
CY2013 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
0
CY2013Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
4.67
CY2011Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
162500 shares
CY2012Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
218500 shares
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
109000 shares
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
10000 shares
CY2012 ctib Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Exercised In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingExercisedInPeriod
-49000 shares
CY2013 ctib Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Exercised In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingExercisedInPeriod
0 shares
CY2012 ctib Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Forfeiture In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingForfeitureInPeriod
-4000 shares
CY2013 ctib Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Forfeiture In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingForfeitureInPeriod
0 shares
CY2013Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
228500 shares
CY2011Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
4.25
CY2012Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
5.21
CY2012 ctib Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingGrantsInPeriodWeightedAverageExercisePrice
5.17
CY2013 ctib Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingGrantsInPeriodWeightedAverageExercisePrice
5.75
CY2012 ctib Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Exercised In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingExercisedInPeriodWeightedAverageExercisePrice
1.94
CY2013 ctib Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Exercised In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingExercisedInPeriodWeightedAverageExercisePrice
0
CY2012 ctib Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Forfeiture In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingForfeitureInPeriodWeightedAverageExercisePrice
5.35
CY2013 ctib Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Forfeiture In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingForfeitureInPeriodWeightedAverageExercisePrice
0
CY2013Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
5.23
CY2013 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P3Y
CY2013Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
161250 USD
CY2013 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P2Y6M
CY2013Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
101926 USD
CY2013 us-gaap Employee Stock Ownership Plan Esop Plan Description
EmployeeStockOwnershipPlanESOPPlanDescription
The Compensation Committee administers the stock-based plans. The exercise price for Incentive Stock Options (ISO) cannot be less than the fair value of the stock subject to the option on the grant date (110% of such fair value in the case of ISOs granted to a stockholder who owns more than 10% of the Companys Common Stock). The exercise price of a Non-Qualified Stock Options (NQSO) shall be fixed by the Compensation Committee at whatever price the Committee may determine in good faith. Unless the Committee determines otherwise, options beginning with the 2007 Plan generally have a 4-year term with a 3-year vesting schedule.
CY2013 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P3Y9M
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.0 pure
CY2012 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
95000 USD
CY2013 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
120000 USD
CY2013Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
121000 USD
CY2013 ctib Expected Recognized Compensation Expenses Year2014
ExpectedRecognizedCompensationExpensesYear2014
77000 USD
CY2013 ctib Expected Recognized Compensation Expenses Year2015
ExpectedRecognizedCompensationExpensesYear2015
29000 USD
CY2013 ctib Expected Recognized Compensation Expenses Year2016
ExpectedRecognizedCompensationExpensesYear2016
11000 USD
CY2013 ctib Expected Recognized Compensation Expenses Year2017
ExpectedRecognizedCompensationExpensesYear2017
4000 USD
CY2012Q3 ctib Percentage Of Common Stock Issued
PercentageOfCommonStockIssued
0.04 pure
CY2013Q4 ctib Warrants Intrinsic Value
WarrantsIntrinsicValue
816000 USD
CY2013 ctib Warrants Expiration Term
WarrantsExpirationTerm
P8Y6M
CY2012Q3 us-gaap Notes Payable
NotesPayable
5000000 USD
CY2012Q3 ctib Fair Value Of Warrants
FairValueOfWarrants
703000 USD
CY2012 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
101749 USD
CY2013 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
375509 USD
CY2012 ctib Carrying Amount Of Earning Per Share Basic
CarryingAmountOfEarningPerShareBasic
101749 USD
CY2013 ctib Carrying Amount Of Earning Per Share Basic
CarryingAmountOfEarningPerShareBasic
375509 USD
CY2012 ctib Weighted Average Diluted Shares Outstanding Before Adjustment
WeightedAverageDilutedSharesOutstandingBeforeAdjustment
3216756 shares
CY2013 ctib Weighted Average Diluted Shares Outstanding Before Adjustment
WeightedAverageDilutedSharesOutstandingBeforeAdjustment
3248646 shares
CY2012 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
76350 shares
CY2013 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
156158 shares
CY2012 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
101749 USD
CY2013 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
375509 USD
CY2012 ctib Carrying Amount Of Earning Per Share Diluted
CarryingAmountOfEarningPerShareDiluted
101749 USD
CY2013 ctib Carrying Amount Of Earning Per Share Diluted
CarryingAmountOfEarningPerShareDiluted
375509 USD
CY2012 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
117913 shares
CY2013 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
84783 shares
CY2012Q4 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
117913 shares
CY2013Q4 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
84783 shares
CY2012 ctib Sales To Outside Customers
SalesToOutsideCustomers
49543000 USD
CY2013 ctib Sales To Outside Customers
SalesToOutsideCustomers
56059000 USD
CY2012Q4 ctib Assets Pertaining To Subsidiaries
AssetsPertainingToSubsidiaries
37747000 USD
CY2013Q4 ctib Assets Pertaining To Subsidiaries
AssetsPertainingToSubsidiaries
39072000 USD
CY2011Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
34341820 USD
CY2012 us-gaap Property Plant And Equipment Additions
PropertyPlantAndEquipmentAdditions
2229294 USD
CY2013 us-gaap Property Plant And Equipment Additions
PropertyPlantAndEquipmentAdditions
1829221 USD
CY2012 us-gaap Property Plant And Equipment Disposals
PropertyPlantAndEquipmentDisposals
0 USD
CY2013 us-gaap Property Plant And Equipment Disposals
PropertyPlantAndEquipmentDisposals
0 USD
CY2011Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
26071629 USD
CY2012Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
27872044 USD
CY2012 us-gaap Depreciation
Depreciation
1800415 USD
CY2013 us-gaap Depreciation
Depreciation
1846520 USD
CY2012 us-gaap Accumulated Depreciation Depletion And Amortization Sale Of Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationSaleOfPropertyPlantAndEquipment
0 USD
CY2013 us-gaap Accumulated Depreciation Depletion And Amortization Sale Of Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationSaleOfPropertyPlantAndEquipment
0 USD
CY2013Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
29718564 USD
CY2013 dei Document Type
DocumentType
10-K
CY2013 dei Amendment Flag
AmendmentFlag
false
CY2013 dei Document Period End Date
DocumentPeriodEndDate
2013-12-31
CY2013 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2013
CY2013 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
FY
CY2013 dei Trading Symbol
TradingSymbol
CTIB
CY2014Q1 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
3248646 shares
CY2013 dei Entity Registrant Name
EntityRegistrantName
CTI INDUSTRIES CORP
CY2013 dei Entity Central Index Key
EntityCentralIndexKey
0001042187
CY2013 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2013 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
No
CY2013 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
CY2013 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2013 dei Entity Filer Category
EntityFilerCategory
Smaller Reporting Company
CY2013Q2 dei Entity Public Float
EntityPublicFloat
8775000 USD
CY2012 us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
0 USD
CY2013 us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
26220 USD
CY2013 us-gaap Operating Loss Carryforwards Expiration Date
OperatingLossCarryforwardsExpirationDate
2025-12-31
CY2013 ctib Noncontrolling Interest Variable Interest Entity
NoncontrollingInterestVariableInterestEntity
250408 USD
CY2012Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards Foreign
DeferredTaxAssetsOperatingLossCarryforwardsForeign
0 USD
CY2013Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards Foreign
DeferredTaxAssetsOperatingLossCarryforwardsForeign
461965 USD
CY2012Q4 us-gaap Undistributed Earnings Of Foreign Subsidiaries
UndistributedEarningsOfForeignSubsidiaries
0 USD
CY2013Q4 us-gaap Undistributed Earnings Of Foreign Subsidiaries
UndistributedEarningsOfForeignSubsidiaries
211274 USD
CY2012 ctib Cash Effect From Consolidation Of Variable Interest Entity
CashEffectFromConsolidationOfVariableInterestEntity
0 USD
CY2013 ctib Cash Effect From Consolidation Of Variable Interest Entity
CashEffectFromConsolidationOfVariableInterestEntity
111104 USD
CY2012Q4 us-gaap Due To Employees Noncurrent
DueToEmployeesNoncurrent
3000 USD
CY2013Q4 us-gaap Due To Employees Noncurrent
DueToEmployeesNoncurrent
0 USD

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