$YHGJ
YUNHONG GREEN CTI LTD.

2016 Q1 Form 10-Q Financial Statement

#000114420416101876 Filed on May 13, 2016

View on sec.gov

Income Statement

Concept 2016 Q1 2015 Q1
Revenue $15.20M $14.98M
YoY Change 1.5% 0.37%
Cost Of Revenue $11.28M $10.99M
YoY Change 2.67% -3.82%
Gross Profit $3.920M $3.988M
YoY Change -1.71% 14.04%
Gross Profit Margin 25.79% 26.63%
Selling, General & Admin $3.270M $2.423M
YoY Change 34.96% -9.24%
% of Gross Profit 83.42% 60.75%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $400.0K $470.0K
YoY Change -14.89% -12.96%
% of Gross Profit 10.2% 11.78%
Operating Expenses $3.280M $3.069M
YoY Change 6.87% -3.22%
Operating Profit $640.0K $919.2K
YoY Change -30.37% 182.01%
Interest Expense -$3.156K $368.3K
YoY Change -100.86% 19.95%
% of Operating Profit -0.49% 40.06%
Other Income/Expense, Net -$407.4K
YoY Change 32.84%
Pretax Income $90.00K $511.8K
YoY Change -82.42% 2554.24%
Income Tax $10.00K $173.1K
% Of Pretax Income 11.11% 33.81%
Net Earnings $10.00K $284.6K
YoY Change -96.49% 526.59%
Net Earnings / Revenue 0.07% 1.9%
Basic Earnings Per Share $0.09
Diluted Earnings Per Share $0.00 $0.08
COMMON SHARES
Basic Shares Outstanding 3.339M shares 3.301M shares
Diluted Shares Outstanding 3.479M shares 3.449M shares

Balance Sheet

Concept 2016 Q1 2015 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $200.0K $210.0K
YoY Change -4.76% -51.16%
Cash & Equivalents $195.4K $210.9K
Short-Term Investments
Other Short-Term Assets $2.790M $2.720M
YoY Change 2.57% 255.16%
Inventory $17.73M $17.99M
Prepaid Expenses
Receivables $11.74M $10.86M
Other Receivables $0.00 $0.00
Total Short-Term Assets $32.45M $31.78M
YoY Change 2.11% 12.54%
LONG-TERM ASSETS
Property, Plant & Equipment $6.410M $7.310M
YoY Change -12.31% -14.72%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $1.340M $1.240M
YoY Change 8.06% 603.03%
Total Long-Term Assets $9.270M $10.07M
YoY Change -7.94% -8.07%
TOTAL ASSETS
Total Short-Term Assets $32.45M $31.78M
Total Long-Term Assets $9.270M $10.07M
Total Assets $41.72M $41.85M
YoY Change -0.31% 6.78%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $5.080M $4.770M
YoY Change 6.5% -17.31%
Accrued Expenses $2.540M $2.380M
YoY Change 6.72% -21.87%
Deferred Revenue
YoY Change
Short-Term Debt $11.28M $11.20M
YoY Change 0.71% 62.79%
Long-Term Debt Due $560.0K $370.0K
YoY Change 51.35% -2.63%
Total Short-Term Liabilities $20.20M $19.81M
YoY Change 1.97% 19.99%
LONG-TERM LIABILITIES
Long-Term Debt $8.370M $8.710M
YoY Change -3.9% -3.23%
Other Long-Term Liabilities $900.0K $570.0K
YoY Change 57.89% -26.92%
Total Long-Term Liabilities $9.270M $9.280M
YoY Change -0.11% -5.11%
TOTAL LIABILITIES
Total Short-Term Liabilities $20.20M $19.81M
Total Long-Term Liabilities $9.270M $9.280M
Total Liabilities $28.86M $29.24M
YoY Change -1.3% 11.23%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $160.8K
YoY Change
Treasury Stock Shares 75.63K shares 75.63K shares
Shareholders Equity $12.86M $12.61M
YoY Change
Total Liabilities & Shareholders Equity $41.72M $41.85M
YoY Change -0.32% 6.78%

Cashflow Statement

Concept 2016 Q1 2015 Q1
OPERATING ACTIVITIES
Net Income $10.00K $284.6K
YoY Change -96.49% 526.59%
Depreciation, Depletion And Amortization $400.0K $470.0K
YoY Change -14.89% -12.96%
Cash From Operating Activities $880.0K $1.590M
YoY Change -44.65% -21.29%
INVESTING ACTIVITIES
Capital Expenditures $244.1K $88.63K
YoY Change 175.44% -129.54%
Acquisitions
YoY Change
Other Investing Activities -$40.00K
YoY Change
Cash From Investing Activities -$290.0K -$90.00K
YoY Change 222.22% -70.0%
FINANCING ACTIVITIES
Cash Dividend Paid $0.00 $10.00K
YoY Change -100.0% -30.07%
Common Stock Issuance & Retirement, Net $0.00 $0.00
YoY Change -100.0%
Debt Paid & Issued, Net $148.2K $131.3K
YoY Change 12.88% 6.4%
Cash From Financing Activities -740.0K -1.430M
YoY Change -48.25% -27.04%
NET CHANGE
Cash From Operating Activities 880.0K 1.590M
Cash From Investing Activities -290.0K -90.00K
Cash From Financing Activities -740.0K -1.430M
Net Change In Cash -150.0K 70.00K
YoY Change -314.29% -129.17%
FREE CASH FLOW
Cash From Operating Activities $880.0K $1.590M
Capital Expenditures $244.1K $88.63K
Free Cash Flow $635.9K $1.501M
YoY Change -57.65% -35.29%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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CY2016Q1 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"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif; font-size-adjust: none; font-stretch: normal" align="justify">Use of estimates:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif; font-size-adjust: none; font-stretch: normal" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif; font-size-adjust: none; font-stretch: normal" align="justify">In preparing condensed consolidated financial statements in conformity with accounting principles generally accepted in the United States of America, management makes estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the condensed consolidated financial statements and the reported amount of revenue and expenses during the reporting period in the condensed consolidated financial statements and accompanying notes. Actual results may differ from those estimates. The Company&#8217;s significant estimates include reserves for doubtful accounts, reserves for the lower of cost or market of inventory, reserves for deferred tax assets and recovery value of goodwill.</div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
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ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
5.19
CY2016Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
73592 USD
CY2016Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
58400 shares
CY2015Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
39025250 USD
CY2016Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
39261830 USD
CY2016Q1 us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
187664 USD
CY2015Q1 us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
40614 USD
CY2016Q1 ctib Proceeds From Contributions By Variable Interest Entity
ProceedsFromContributionsByVariableInterestEntity
288750 USD
CY2015Q1 ctib Proceeds From Contributions By Variable Interest Entity
ProceedsFromContributionsByVariableInterestEntity
0 USD
CY2016Q1 ctib Payment For Redemption Of Variable Interest Entity
PaymentForRedemptionOfVariableInterestEntity
455000 USD
CY2015Q1 ctib Payment For Redemption Of Variable Interest Entity
PaymentForRedemptionOfVariableInterestEntity
0 USD
CY2016Q1 us-gaap Payments To Acquire Businesses And Interest In Affiliates
PaymentsToAcquireBusinessesAndInterestInAffiliates
43750 USD
CY2015Q1 us-gaap Payments To Acquire Businesses And Interest In Affiliates
PaymentsToAcquireBusinessesAndInterestInAffiliates
0 USD
CY2016Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
244121 USD
CY2015Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
88628 USD
CY2016Q1 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-287871 USD
CY2015Q1 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-88628 USD
CY2016Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
195431 USD
CY2016Q1 ctib Discount On Notes Payable Current
DiscountOnNotesPayableCurrent
178000 USD
CY2015Q4 ctib Discount On Notes Payable Current
DiscountOnNotesPayableCurrent
171000 USD
CY2016Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
139829 shares
CY2015Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
147573 shares
CY2016Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0 pure
CY2015Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0 pure
CY2016Q1 us-gaap Noncash Or Part Noncash Acquisition Fixed Assets Acquired1
NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1
66960 USD
CY2015Q1 us-gaap Noncash Or Part Noncash Acquisition Fixed Assets Acquired1
NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1
44617 USD
CY2016Q1 us-gaap Stock Issued1
StockIssued1
122500 USD
CY2015Q1 us-gaap Stock Issued1
StockIssued1
0 USD
CY2016Q1 us-gaap Noncash Or Part Noncash Acquisition Debt Assumed1
NoncashOrPartNoncashAcquisitionDebtAssumed1
43750 USD
CY2015Q1 us-gaap Noncash Or Part Noncash Acquisition Debt Assumed1
NoncashOrPartNoncashAcquisitionDebtAssumed1
0 USD
CY2016Q1 us-gaap Noncash Or Part Noncash Acquisition Accounts Receivable Acquired1
NoncashOrPartNoncashAcquisitionAccountsReceivableAcquired1
183750 USD
CY2015Q1 us-gaap Noncash Or Part Noncash Acquisition Accounts Receivable Acquired1
NoncashOrPartNoncashAcquisitionAccountsReceivableAcquired1
0 USD
CY2016Q1 us-gaap Business Acquisition Equity Interests Issued Or Issuable Number Of Shares Issued
BusinessAcquisitionEquityInterestsIssuedOrIssuableNumberOfSharesIssued
24746 shares
CY2016Q1 us-gaap Payments To Acquire Businesses Gross
PaymentsToAcquireBusinessesGross
105000 USD
CY2016Q1 us-gaap Business Combination Consideration Transferred Other1
BusinessCombinationConsiderationTransferredOther1
183750 USD
CY2016Q1 us-gaap Business Combination Consideration Transferred Equity Interests Issued And Issuable
BusinessCombinationConsiderationTransferredEquityInterestsIssuedAndIssuable
122500 USD

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