$YHGJ
YUNHONG GREEN CTI LTD.

2016 Q2 Form 10-Q Financial Statement

#000114420416120556 Filed on August 22, 2016

View on sec.gov

Income Statement

Concept 2016 Q2 2015 Q2
Revenue $14.15M $13.62M
YoY Change 3.89% 3.51%
Cost Of Revenue $10.31M $10.10M
YoY Change 2.11% -0.32%
Gross Profit $3.837M $3.520M
YoY Change 8.99% 16.33%
Gross Profit Margin 27.11% 25.84%
Selling, General & Admin $3.098M $2.600M
YoY Change 19.14% 2.65%
% of Gross Profit 80.74% 73.86%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $380.0K $470.0K
YoY Change -19.15% -11.32%
% of Gross Profit 9.9% 13.35%
Operating Expenses $3.634M $3.270M
YoY Change 11.14% 6.11%
Operating Profit $202.4K $250.2K
YoY Change -19.11% -549.17%
Interest Expense $357.2K $308.0K
YoY Change 15.95% 45.06%
% of Operating Profit 176.5% 123.13%
Other Income/Expense, Net -$318.2K -$281.5K
YoY Change 13.06% 39.16%
Pretax Income -$115.9K -$31.31K
YoY Change 270.06% -87.86%
Income Tax $4.865K $52.17K
% Of Pretax Income
Net Earnings -$82.93K $51.68K
YoY Change -260.48% -142.19%
Net Earnings / Revenue -0.59% 0.38%
Basic Earnings Per Share $0.02
Diluted Earnings Per Share -$0.02 $0.01
COMMON SHARES
Basic Shares Outstanding 3.364M shares 3.301M shares
Diluted Shares Outstanding 3.535M shares 3.448M shares

Balance Sheet

Concept 2016 Q2 2015 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $480.0K $200.0K
YoY Change 140.0% -28.57%
Cash & Equivalents $475.0K $200.0K
Short-Term Investments
Other Short-Term Assets $4.240M $2.830M
YoY Change 49.82% -11.84%
Inventory $18.95M $17.96M
Prepaid Expenses
Receivables $9.720M $9.210M
Other Receivables $0.00 $0.00
Total Short-Term Assets $33.39M $30.20M
YoY Change 10.56% -0.03%
LONG-TERM ASSETS
Property, Plant & Equipment $5.760M $6.924M
YoY Change -16.82% -16.67%
Goodwill $1.473M
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $1.660M $177.6K
YoY Change 834.6% -85.79%
Total Long-Term Assets $8.940M $9.750M
YoY Change -8.3% -11.77%
TOTAL ASSETS
Total Short-Term Assets $33.39M $30.20M
Total Long-Term Assets $8.940M $9.750M
Total Assets $42.33M $39.95M
YoY Change 5.96% -3.18%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $4.700M $5.219M
YoY Change -9.94% -16.9%
Accrued Expenses $2.730M $1.969M
YoY Change 38.64% -20.6%
Deferred Revenue
YoY Change
Short-Term Debt $11.84M $10.07M
YoY Change 17.58% 14.43%
Long-Term Debt Due $200.0K $620.0K
YoY Change -67.74% 63.16%
Total Short-Term Liabilities $21.03M $18.45M
YoY Change 14.0% -1.77%
LONG-TERM LIABILITIES
Long-Term Debt $8.770M $8.388M
YoY Change 4.56% -5.97%
Other Long-Term Liabilities $1.330M $510.0K
YoY Change 160.78% -20.31%
Total Long-Term Liabilities $10.10M $8.893M
YoY Change 13.57% -6.97%
TOTAL LIABILITIES
Total Short-Term Liabilities $21.03M $18.45M
Total Long-Term Liabilities $10.10M $8.893M
Total Liabilities $30.08M $27.34M
YoY Change 10.02% -3.56%
SHAREHOLDERS EQUITY
Retained Earnings $778.7K
YoY Change
Common Stock $15.34M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $160.8K
YoY Change
Treasury Stock Shares 75.63K shares
Shareholders Equity $12.25M $12.59M
YoY Change
Total Liabilities & Shareholders Equity $42.33M $39.95M
YoY Change 5.96% -3.18%

Cashflow Statement

Concept 2016 Q2 2015 Q2
OPERATING ACTIVITIES
Net Income -$82.93K $51.68K
YoY Change -260.48% -142.19%
Depreciation, Depletion And Amortization $380.0K $470.0K
YoY Change -19.15% -11.32%
Cash From Operating Activities -$1.260M $1.890M
YoY Change -166.67% -194.03%
INVESTING ACTIVITIES
Capital Expenditures -$190.0K -$100.0K
YoY Change 90.0% -68.75%
Acquisitions
YoY Change
Other Investing Activities $780.0K
YoY Change
Cash From Investing Activities $600.0K -$100.0K
YoY Change -700.0% -68.75%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 970.0K -1.790M
YoY Change -154.19% -182.87%
NET CHANGE
Cash From Operating Activities -1.260M 1.890M
Cash From Investing Activities 600.0K -100.0K
Cash From Financing Activities 970.0K -1.790M
Net Change In Cash 310.0K 0.000
YoY Change -100.0%
FREE CASH FLOW
Cash From Operating Activities -$1.260M $1.890M
Capital Expenditures -$190.0K -$100.0K
Free Cash Flow -$1.070M $1.990M
YoY Change -153.77% -217.75%

Facts In Submission

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CY2016Q1 us-gaap Business Combination Consideration Transferred Other1
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CY2016Q2 ctib Warrant Liability
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CY2016Q2 us-gaap Due From Related Parties Noncurrent
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dei Document Type
DocumentType
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dei Amendment Flag
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dei Document Period End Date
DocumentPeriodEndDate
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dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2016
dei Document Fiscal Period Focus
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dei Entity Registrant Name
EntityRegistrantName
CTI INDUSTRIES CORP
dei Entity Central Index Key
EntityCentralIndexKey
0001042187
dei Current Fiscal Year End Date
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dei Entity Filer Category
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dei Trading Symbol
TradingSymbol
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us-gaap Use Of Estimates
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us-gaap Prior Period Reclassification Adjustment Description
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us-gaap Sale Leaseback Transaction Lease Terms
SaleLeasebackTransactionLeaseTerms
Under the terms of the arrangement, the Company sold a piece of machinery and then leased the machine back under a 4-year operating lease.

Files In Submission

Name View Source Status
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0001144204-16-120556.txt Edgar Link pending
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