$YHGJ
YUNHONG GREEN CTI LTD.

2018 Q2 Form 10-Q Financial Statement

#000143774918015316 Filed on August 13, 2018

View on sec.gov

Income Statement

Concept 2018 Q2 2017 Q2
Revenue $15.98M $12.81M
YoY Change 24.77% -9.46%
Cost Of Revenue $12.19M $9.694M
YoY Change 25.74% -6.01%
Gross Profit $3.796M $3.117M
YoY Change 21.75% -18.75%
Gross Profit Margin 23.74% 24.33%
Selling, General & Admin $2.639M $3.055M
YoY Change -13.59% -1.39%
% of Gross Profit 69.54% 97.98%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $320.0K $400.0K
YoY Change -20.0% 5.26%
% of Gross Profit 8.43% 12.83%
Operating Expenses $2.948M $3.568M
YoY Change -17.38% -1.82%
Operating Profit $847.6K -$450.7K
YoY Change -288.08% -322.68%
Interest Expense $550.8K $359.8K
YoY Change 53.09% 0.73%
% of Operating Profit 64.98%
Other Income/Expense, Net -$552.6K -$406.0K
YoY Change 36.11% 27.58%
Pretax Income $295.0K -$856.7K
YoY Change -134.43% 639.37%
Income Tax $89.28K -$263.1K
% Of Pretax Income 30.27%
Net Earnings $250.2K -$526.1K
YoY Change -147.56% 534.42%
Net Earnings / Revenue 1.57% -4.11%
Basic Earnings Per Share $0.07 -$0.15
Diluted Earnings Per Share $0.07 -$0.14
COMMON SHARES
Basic Shares Outstanding 3.530M 3.617M
Diluted Shares Outstanding 3.567M 3.772M

Balance Sheet

Concept 2018 Q2 2017 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $450.0K $460.0K
YoY Change -2.17% -4.17%
Cash & Equivalents $452.8K $456.4K
Short-Term Investments
Other Short-Term Assets $1.243M $1.600M
YoY Change -22.29% -62.26%
Inventory $19.29M $18.95M
Prepaid Expenses $672.2K
Receivables $11.88M $10.02M
Other Receivables $0.00 $0.00
Total Short-Term Assets $33.54M $31.03M
YoY Change 8.09% -7.07%
LONG-TERM ASSETS
Property, Plant & Equipment $3.980M $5.119M
YoY Change -22.24% -11.13%
Goodwill $1.473M $1.473M
YoY Change 0.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $527.7K $429.0K
YoY Change 23.02% -74.16%
Total Long-Term Assets $7.204M $8.890M
YoY Change -18.96% -0.56%
TOTAL ASSETS
Total Short-Term Assets $33.54M $31.03M
Total Long-Term Assets $7.204M $8.890M
Total Assets $40.74M $39.92M
YoY Change 2.06% -5.69%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $6.270M $4.927M
YoY Change 27.28% 4.82%
Accrued Expenses $2.021M $2.551M
YoY Change -20.79% -6.55%
Deferred Revenue
YoY Change
Short-Term Debt $15.48M $9.550M
YoY Change 62.09% -19.34%
Long-Term Debt Due $910.0K $6.690M
YoY Change -86.4% 3245.0%
Total Short-Term Liabilities $24.69M $24.79M
YoY Change -0.41% 17.88%
LONG-TERM LIABILITIES
Long-Term Debt $6.113M $2.172M
YoY Change 181.48% -75.24%
Other Long-Term Liabilities $150.0K $1.080M
YoY Change -86.11% -18.8%
Total Long-Term Liabilities $6.113M $2.966M
YoY Change 106.12% -70.64%
TOTAL LIABILITIES
Total Short-Term Liabilities $24.69M $24.79M
Total Long-Term Liabilities $6.113M $2.966M
Total Liabilities $30.80M $27.76M
YoY Change 10.97% -7.73%
SHAREHOLDERS EQUITY
Retained Earnings $507.4K $1.856M
YoY Change -72.66%
Common Stock $16.28M $16.13M
YoY Change 0.92%
Preferred Stock
YoY Change
Treasury Stock (at cost) $160.8K $160.8K
YoY Change 0.0%
Treasury Stock Shares $43.66K 43.66K shares
Shareholders Equity $10.91M $12.98M
YoY Change
Total Liabilities & Shareholders Equity $40.74M $39.92M
YoY Change 2.06% -5.69%

Cashflow Statement

Concept 2018 Q2 2017 Q2
OPERATING ACTIVITIES
Net Income $250.2K -$526.1K
YoY Change -147.56% 534.42%
Depreciation, Depletion And Amortization $320.0K $400.0K
YoY Change -20.0% 5.26%
Cash From Operating Activities $790.0K $120.0K
YoY Change 558.33% -109.52%
INVESTING ACTIVITIES
Capital Expenditures -$20.00K -$310.0K
YoY Change -93.55% 63.16%
Acquisitions
YoY Change
Other Investing Activities $0.00
YoY Change -100.0%
Cash From Investing Activities -$80.00K -$310.0K
YoY Change -74.19% -151.67%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -860.0K 40.00K
YoY Change -2250.0% -95.88%
NET CHANGE
Cash From Operating Activities 790.0K 120.0K
Cash From Investing Activities -80.00K -310.0K
Cash From Financing Activities -860.0K 40.00K
Net Change In Cash -150.0K -150.0K
YoY Change 0.0% -148.39%
FREE CASH FLOW
Cash From Operating Activities $790.0K $120.0K
Capital Expenditures -$20.00K -$310.0K
Free Cash Flow $810.0K $430.0K
YoY Change 88.37% -140.19%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2017Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
560329
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-342432
CY2018Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-775497
CY2018Q2 ctib Accumulated Depreciation Depletion And Amortization Property Plant Equipment And Intellectual Property
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantEquipmentAndIntellectualProperty
27554722
CY2017Q4 ctib Accumulated Depreciation Depletion And Amortization Property Plant Equipment And Intellectual Property
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantEquipmentAndIntellectualProperty
26886139
ctib Amortization Of Deferred Gain On Sale Or Leaseback
AmortizationOfDeferredGainOnSaleOrLeaseback
-55320
ctib Amortization Of Deferred Gain On Sale Or Leaseback
AmortizationOfDeferredGainOnSaleOrLeaseback
-53258
CY2018Q2 ctib Assets Noncurrent Excluding Property Plant And Equipment
AssetsNoncurrentExcludingPropertyPlantAndEquipment
3223327
CY2017Q4 ctib Assets Noncurrent Excluding Property Plant And Equipment
AssetsNoncurrentExcludingPropertyPlantAndEquipment
3135972
CY2018Q2 ctib Expected Recognized Compensation Expenses In Year Three
ExpectedRecognizedCompensationExpensesInYearThree
56000
CY2018Q2 ctib Expected Recognized Compensation Expenses In Year Two
ExpectedRecognizedCompensationExpensesInYearTwo
92000
CY2018Q2 ctib Expected Recognized Compensation Expenses Remainder Of The Fiscal Year
ExpectedRecognizedCompensationExpensesRemainderOfTheFiscalYear
66000
CY2018Q2 ctib Fixtures And Equipment At Customer Locations Gross
FixturesAndEquipmentAtCustomerLocationsGross
518450
CY2017Q4 ctib Fixtures And Equipment At Customer Locations Gross
FixturesAndEquipmentAtCustomerLocationsGross
518450
CY2018Q2 ctib Intellectual Property Gross
IntellectualPropertyGross
752044
CY2017Q4 ctib Intellectual Property Gross
IntellectualPropertyGross
752044
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2018
dei Amendment Flag
AmendmentFlag
false
dei Document Type
DocumentType
10-Q
CY2017Q4 ctib Leverage Ratio
LeverageRatio
4.75
CY2018Q1 ctib Leverage Ratio
LeverageRatio
4.5
CY2018Q2 ctib Leverage Ratio
LeverageRatio
4.5
CY2018Q2 ctib Office Furniture And Equipment Gross
OfficeFurnitureAndEquipmentGross
2653532
CY2017Q4 ctib Office Furniture And Equipment Gross
OfficeFurnitureAndEquipmentGross
2591159
dei Document Period End Date
DocumentPeriodEndDate
2018-06-30
CY2018Q2 us-gaap Accounts Payable Current
AccountsPayableCurrent
6270221
CY2017Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
5414497
CY2018Q2 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
11877381
CY2017Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
11235834
CY2018Q2 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
2020762
CY2017Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
2047893
CY2018Q2 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-5707796
CY2017Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-5365364
CY2018Q2 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
2377006
CY2017Q4 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
2271261
CY2018Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
44000
CY2017Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
5000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
106000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
10000
CY2018Q2 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
100000
CY2017Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
114000
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
95906
CY2018Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
37000
CY2017Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
153000
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
153000
CY2018Q2 us-gaap Assets
Assets
40743262
CY2017Q4 us-gaap Assets
Assets
39984038
CY2018Q2 us-gaap Assets Current
AssetsCurrent
33539446
CY2017Q4 us-gaap Assets Current
AssetsCurrent
32291485
CY2018Q2 us-gaap Bank Overdrafts
BankOverdrafts
8996
CY2017Q4 us-gaap Bank Overdrafts
BankOverdrafts
454850
CY2018Q2 us-gaap Buildings And Improvements Gross
BuildingsAndImprovementsGross
3367082
CY2017Q4 us-gaap Buildings And Improvements Gross
BuildingsAndImprovementsGross
3367082
CY2018Q2 us-gaap Capital Lease Obligations Current
CapitalLeaseObligationsCurrent
CY2017Q4 us-gaap Capital Lease Obligations Current
CapitalLeaseObligationsCurrent
7562
CY2018Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
452826
CY2017Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
181026
CY2016Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
563043
CY2017Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
456426
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
271800
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-106617
CY2018Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0
CY2017Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0
CY2018Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
15000000
CY2017Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
15000000
CY2018Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
3573885
CY2017Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
3573885
CY2018Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
3530227
CY2017Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
3530227
CY2018Q2 us-gaap Common Stock Value
CommonStockValue
13898494
CY2017Q4 us-gaap Common Stock Value
CommonStockValue
13898494
us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
0
CY2018Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-525293
CY2017Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-84071
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-555236
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
285711
CY2018Q2 us-gaap Construction In Progress Gross
ConstructionInProgressGross
160283
CY2017Q4 us-gaap Construction In Progress Gross
ConstructionInProgressGross
121241
CY2018Q2 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
12189204
CY2017Q2 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
9694288
us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
23299990
us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
21436477
CY2018Q2 us-gaap Deferred Gain On Sale Of Property
DeferredGainOnSaleOfProperty
153331
CY2017Q4 us-gaap Deferred Gain On Sale Of Property
DeferredGainOnSaleOfProperty
207410
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-90206
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-254401
CY2018Q2 us-gaap Deferred Tax Assets Net Noncurrent
DeferredTaxAssetsNetNoncurrent
1222447
CY2017Q4 us-gaap Deferred Tax Assets Net Noncurrent
DeferredTaxAssetsNetNoncurrent
1102467
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
701839
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
781042
us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
0
CY2017Q2 us-gaap Gross Profit
GrossProfit
3117409
us-gaap Gross Profit
GrossProfit
6663913
CY2018Q2 us-gaap Due To Affiliate Current
DueToAffiliateCurrent
10162
CY2017Q4 us-gaap Due To Affiliate Current
DueToAffiliateCurrent
9615
CY2018Q2 us-gaap Due To Affiliate Noncurrent
DueToAffiliateNoncurrent
198693
CY2017Q4 us-gaap Due To Affiliate Noncurrent
DueToAffiliateNoncurrent
212545
CY2018Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.07
CY2017Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.15
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.06
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.13
CY2018Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.07
CY2017Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.14
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.06
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.12
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
30950
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
35857
CY2018Q2 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
258000
us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
-23808
CY2018Q2 us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
CY2017Q2 us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
-4202
CY2018Q2 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-13246
CY2017Q2 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-50428
us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
17783
us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-80954
CY2018Q2 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
22998
CY2017Q2 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
23817
us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
47413
us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
93117
CY2018Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
1680490
CY2017Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
1866615
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
3564536
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
3767871
CY2018Q2 us-gaap Goodwill
Goodwill
1473176
CY2017Q4 us-gaap Goodwill
Goodwill
1473176
CY2018Q2 us-gaap Gross Profit
GrossProfit
3795522
us-gaap Gross Profit
GrossProfit
6734858
CY2018Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
294988
CY2017Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-856673
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-385046
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-732763
CY2018Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
89281
CY2017Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-263110
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-120202
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-187473
us-gaap Income Taxes Paid
IncomeTaxesPaid
us-gaap Income Taxes Paid
IncomeTaxesPaid
300000
us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
800813
us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
-1236877
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
671380
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-5311938
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-285976
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-788625
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
483573
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-137620
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-115988
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
268403
CY2018Q2 us-gaap Interest Expense
InterestExpense
550780
CY2017Q2 us-gaap Interest Expense
InterestExpense
359782
us-gaap Interest Expense
InterestExpense
1114840
us-gaap Interest Expense
InterestExpense
732646
us-gaap Interest Paid Net
InterestPaidNet
934231
us-gaap Interest Paid Net
InterestPaidNet
627586
CY2018Q2 us-gaap Inventory Finished Goods
InventoryFinishedGoods
14555629
CY2017Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
13347620
us-gaap Inventory Lifo Reserve Effect On Income Net
InventoryLIFOReserveEffectOnIncomeNet
-29386
us-gaap Inventory Lifo Reserve Effect On Income Net
InventoryLIFOReserveEffectOnIncomeNet
42366
CY2018Q2 us-gaap Inventory Net
InventoryNet
19293662
CY2017Q4 us-gaap Inventory Net
InventoryNet
18865932
CY2018Q2 us-gaap Inventory Raw Materials
InventoryRawMaterials
2249764
CY2017Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
2632415
CY2018Q2 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
469654
CY2017Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
500181
CY2018Q2 us-gaap Inventory Work In Process
InventoryWorkInProcess
2957923
CY2017Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
3386078
CY2018Q2 us-gaap Investment Income Interest
InvestmentIncomeInterest
11389
CY2017Q2 us-gaap Investment Income Interest
InvestmentIncomeInterest
us-gaap Investment Income Interest
InvestmentIncomeInterest
11043
us-gaap Investment Income Interest
InvestmentIncomeInterest
CY2018Q2 us-gaap Land
Land
250000
CY2017Q4 us-gaap Land
Land
250000
CY2018Q2 us-gaap Leasehold Improvements Gross
LeaseholdImprovementsGross
402482
CY2017Q4 us-gaap Leasehold Improvements Gross
LeaseholdImprovementsGross
402963
CY2018Q2 us-gaap Legal Fees
LegalFees
16000
CY2017Q2 us-gaap Legal Fees
LegalFees
38000
us-gaap Legal Fees
LegalFees
88000
us-gaap Legal Fees
LegalFees
64000
CY2018Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
40743262
CY2017Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
39984038
CY2018Q2 us-gaap Liabilities Current
LiabilitiesCurrent
24687622
CY2017Q4 us-gaap Liabilities Current
LiabilitiesCurrent
22660880
CY2018Q2 us-gaap Liabilities Noncurrent
LiabilitiesNoncurrent
6112911
CY2017Q4 us-gaap Liabilities Noncurrent
LiabilitiesNoncurrent
6878898
CY2018Q2 us-gaap Lines Of Credit Current
LinesOfCreditCurrent
15477581
CY2017Q4 us-gaap Lines Of Credit Current
LinesOfCreditCurrent
13783930
CY2018Q2 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
6112911
CY2017Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
6878898
CY2018Q2 us-gaap Long Term Notes Payable
LongTermNotesPayable
4210950
CY2017Q4 us-gaap Long Term Notes Payable
LongTermNotesPayable
4951581
us-gaap Loss Contingency Disclosures
LossContingencyDisclosures
<div style="display: inline; font-family: times new roman; font-size: 10pt"><div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;"><div style="display: inline; font-weight: bold;">Note <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">4</div> - Legal Proceedings</div></div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">&nbsp;</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">The Company <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> may </div>be party to certain lawsuits or claims arising in the normal course of business. The ultimate outcome of these matters is unknown but, in the opinion of management, we do <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">not</div> believe any of these proceedings will have, individually or in the aggregate, a material adverse effect upon our financial condition, cash flows or future results of operation.</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">&nbsp;</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">In <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> July, 2017, </div>God&#x2019;s Little Gift, Inc. (d\b\a) Helium and Balloons Across America and Gary Page (&#x201c;Claimants&#x201d;) filed an action against the Company in the North Carolina State Court. This action was removed to the United States District Court in North Carolina. The Company filed an answer and motion to dismiss this action. The Court stayed the action based upon an arbitration clause in the agreement on which part of the action was based. On <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> December 18, 2017, </div>Claimants filed an arbitration claim against the Company before the American Arbitration Association in Chicago, Illinois. The Statement of Claim includes claims for alleged breach of <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">two</div> agreements among the parties, essentially for alleged failure by the Company to pay disputed commission amounts. Claimants also included counts for alleged unjust enrichment and tortious interference with contract. The Company has filed a response to the Statement of Claim denying all of the claims. The Company believes the claims are without merit and intends to defend all of the claims vigorously. The Company has <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">not</div> accrued any amounts in respect of this matter and cannot estimate the possible loss, if any, that the Company many incur with respect to it.</div></div>
CY2018Q2 us-gaap Machinery And Equipment Gross
MachineryAndEquipmentGross
23431338
CY2017Q4 us-gaap Machinery And Equipment Gross
MachineryAndEquipmentGross
23439781
CY2018Q2 us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
331609
CY2017Q2 us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
537372
us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
628489
us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
1093781
CY2018Q2 us-gaap Minority Interest
MinorityInterest
-971610
CY2017Q4 us-gaap Minority Interest
MinorityInterest
-919570
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
425814
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-2818236
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-18193
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-526565
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-166771
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
3202327
CY2018Q2 us-gaap Net Income Loss
NetIncomeLoss
250204
CY2017Q2 us-gaap Net Income Loss
NetIncomeLoss
-526128
us-gaap Net Income Loss
NetIncomeLoss
-212804
us-gaap Net Income Loss
NetIncomeLoss
-467658
CY2018Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-44497
CY2017Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-67435
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-52040
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-77632
us-gaap Noncash Or Part Noncash Acquisition Fixed Assets Acquired1
NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1
82231
us-gaap Noncash Or Part Noncash Acquisition Fixed Assets Acquired1
NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1
8704
CY2018Q2 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-552637
CY2017Q2 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-406008
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-1086014
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-789792
CY2018Q2 us-gaap Notes Payable Current
NotesPayableCurrent
899900
CY2017Q4 us-gaap Notes Payable Current
NotesPayableCurrent
942533
CY2018Q2 us-gaap Notes Payable Related Parties Noncurrent
NotesPayableRelatedPartiesNoncurrent
1549937
CY2017Q4 us-gaap Notes Payable Related Parties Noncurrent
NotesPayableRelatedPartiesNoncurrent
1507362
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1
CY2018Q2 us-gaap Operating Expenses
OperatingExpenses
2947897
CY2017Q2 us-gaap Operating Expenses
OperatingExpenses
3568074
us-gaap Operating Expenses
OperatingExpenses
5962945
us-gaap Operating Expenses
OperatingExpenses
6677829
CY2018Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
847625
CY2017Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
-450665
us-gaap Operating Income Loss
OperatingIncomeLoss
700968
us-gaap Operating Income Loss
OperatingIncomeLoss
57029
CY2018Q2 us-gaap Other Assets Current
OtherAssetsCurrent
1243335
CY2017Q4 us-gaap Other Assets Current
OtherAssetsCurrent
1120808
CY2018Q2 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
527704
CY2017Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
442057
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
753369
us-gaap Payments For Proceeds From Productive Assets
PaymentsForProceedsFromProductiveAssets
18193
us-gaap Payments For Proceeds From Productive Assets
PaymentsForProceedsFromProductiveAssets
526565
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
59530
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
CY2018Q2 us-gaap Preferred Stock No Par Value
PreferredStockNoParValue
0
CY2017Q4 us-gaap Preferred Stock No Par Value
PreferredStockNoParValue
0
CY2018Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
3000000
CY2017Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
3000000
CY2018Q2 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0
CY2017Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0
CY2018Q2 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0
CY2017Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0
CY2018Q2 us-gaap Preferred Stock Value
PreferredStockValue
CY2017Q4 us-gaap Preferred Stock Value
PreferredStockValue
CY2018Q2 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
672242
CY2017Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
887885
us-gaap Proceeds From Repayments Of Bank Overdrafts
ProceedsFromRepaymentsOfBankOverdrafts
-445854
us-gaap Proceeds From Repayments Of Bank Overdrafts
ProceedsFromRepaymentsOfBankOverdrafts
-613774
us-gaap Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
1699201
us-gaap Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
-1780835
us-gaap Profit Loss
ProfitLoss
-264844
us-gaap Profit Loss
ProfitLoss
-545290
CY2018Q2 us-gaap Profit Loss
ProfitLoss
205707
CY2017Q2 us-gaap Profit Loss
ProfitLoss
-593563
CY2018Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
31535211
CY2017Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
31442720
CY2018Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
3980489
CY2017Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
4556581
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
-10471
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
4117
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
768003
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
423627
CY2018Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
507419
CY2017Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
720223
CY2018Q2 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
15984726
CY2017Q2 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
12811697
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
29963903
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
28171335
CY2018Q2 us-gaap Selling Expense
SellingExpense
958796
CY2017Q2 us-gaap Selling Expense
SellingExpense
1187904
us-gaap Selling Expense
SellingExpense
1817333
us-gaap Selling Expense
SellingExpense
1909294
us-gaap Share Based Compensation
ShareBasedCompensation
105745
us-gaap Share Based Compensation
ShareBasedCompensation
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0
CY2018Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
157639
CY2018Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
4.84
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
CY2018Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
287000
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
476144
CY2018Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
471144
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
3.97
CY2018Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
4.01
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
5000
CY2018Q2 us-gaap Stockholders Equity
StockholdersEquity
10914339
CY2017Q4 us-gaap Stockholders Equity
StockholdersEquity
11363830
CY2018Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
9942729
CY2017Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
10444260
CY2018Q2 us-gaap Treasury Stock Shares
TreasuryStockShares
43658
CY2017Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
43658
CY2018Q2 us-gaap Treasury Stock Value
TreasuryStockValue
160784
CY2017Q4 us-gaap Treasury Stock Value
TreasuryStockValue
160784
us-gaap Use Of Estimates
UseOfEstimates
<div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">Use of estimates:</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">&nbsp;</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-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 <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> may </div>differ from those estimates. The Company&#x2019;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></div></div></div></div></div></div>
CY2018Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
3567315
CY2017Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
3771581
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
3530227
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
3772236
CY2018Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
3530227
CY2017Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
3616693
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
3530227
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
3616693

Files In Submission

Name View Source Status
0001437749-18-015316-index-headers.html Edgar Link pending
0001437749-18-015316-index.html Edgar Link pending
0001437749-18-015316.txt Edgar Link pending
0001437749-18-015316-xbrl.zip Edgar Link pending
ctib-20180630.xml Edgar Link completed
ctib-20180630.xsd Edgar Link pending
ctib-20180630_cal.xml Edgar Link unprocessable
ctib-20180630_def.xml Edgar Link unprocessable
ctib-20180630_lab.xml Edgar Link unprocessable
ctib-20180630_pre.xml Edgar Link unprocessable
ctib20180630_10q.htm Edgar Link pending
ex_119786.htm Edgar Link pending
ex_119787.htm Edgar Link pending
ex_119788.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R4.htm Edgar Link pending
R5.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending