$YHGJ
YUNHONG GREEN CTI LTD.

2021 Q1 Form 10-Q Financial Statement

#000143774921013164 Filed on May 24, 2021

View on sec.gov

Income Statement

Concept 2021 Q1 2020 Q1
Revenue $6.599M $7.068M
YoY Change -6.63% -18.58%
Cost Of Revenue $5.313M $5.586M
YoY Change -4.89% -16.91%
Gross Profit $1.286M $1.481M
YoY Change -13.19% -24.3%
Gross Profit Margin 19.49% 20.96%
Selling, General & Admin $882.0K $756.2K
YoY Change 16.64% -48.84%
% of Gross Profit 68.58% 51.04%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $120.0K $294.0K
YoY Change -59.18% -4.57%
% of Gross Profit 9.33% 19.85%
Operating Expenses $988.0K $851.3K
YoY Change 16.05% -70.3%
Operating Profit $298.0K $630.1K
YoY Change -52.71% -169.28%
Interest Expense $200.0K $441.2K
YoY Change -54.67% -21.8%
% of Operating Profit 67.11% 70.02%
Other Income/Expense, Net -$206.0K -$637.6K
YoY Change -67.69% -26.96%
Pretax Income $92.00K -$7.482K
YoY Change -1329.62% -99.58%
Income Tax $0.00
% Of Pretax Income 0.0%
Net Earnings -$422.0K -$638.7K
YoY Change -33.93% -74.39%
Net Earnings / Revenue -6.39% -9.04%
Basic Earnings Per Share -$0.36 -$0.76
Diluted Earnings Per Share -$0.36 -$0.76
COMMON SHARES
Basic Shares Outstanding 5.855M 3.973M
Diluted Shares Outstanding 5.855M 3.973M

Balance Sheet

Concept 2021 Q1 2020 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $90.00K $160.0K
YoY Change -43.75% -11.11%
Cash & Equivalents $85.61K $160.1K
Short-Term Investments
Other Short-Term Assets $1.341M $1.113M
YoY Change 20.54% -21.62%
Inventory $10.92M $12.69M
Prepaid Expenses $733.9K $306.9K
Receivables $7.242M $7.289M
Other Receivables $300.0K $1.390M
Total Short-Term Assets $20.83M $23.82M
YoY Change -12.58% -29.27%
LONG-TERM ASSETS
Property, Plant & Equipment $1.843M $2.265M
YoY Change -18.61% -37.04%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $90.00K $80.00K
YoY Change 12.5% 206.65%
Total Long-Term Assets $2.721M $3.021M
YoY Change -9.93% -60.78%
TOTAL ASSETS
Total Short-Term Assets $20.83M $23.82M
Total Long-Term Assets $2.721M $3.021M
Total Assets $23.55M $26.84M
YoY Change -12.28% -35.13%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $6.119M $6.249M
YoY Change -2.09% -28.0%
Accrued Expenses $1.125M $1.193M
YoY Change -5.68% -42.72%
Deferred Revenue
YoY Change
Short-Term Debt $6.750M $10.11M
YoY Change -33.23% -34.14%
Long-Term Debt Due $4.830M $3.210M
YoY Change 50.47% -27.54%
Total Short-Term Liabilities $19.57M $21.46M
YoY Change -8.82% -33.38%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $2.400M
YoY Change -100.0% -19.87%
Other Long-Term Liabilities $160.0K $159.2K
YoY Change 0.53% -87.27%
Total Long-Term Liabilities $157.8K $2.831M
YoY Change -94.43% -5.49%
TOTAL LIABILITIES
Total Short-Term Liabilities $19.57M $21.46M
Total Long-Term Liabilities $157.8K $2.831M
Total Liabilities $19.72M $24.29M
YoY Change -18.8% -31.01%
SHAREHOLDERS EQUITY
Retained Earnings -$14.80M -$10.63M
YoY Change 39.25% 183.82%
Common Stock $19.37M $18.61M
YoY Change 4.09% 9.24%
Preferred Stock
YoY Change
Treasury Stock (at cost) $160.8K $160.8K
YoY Change 0.0% 0.0%
Treasury Stock Shares $43.66K $43.66K
Shareholders Equity $4.499M $3.266M
YoY Change
Total Liabilities & Shareholders Equity $23.55M $26.84M
YoY Change -12.28% -35.13%

Cashflow Statement

Concept 2021 Q1 2020 Q1
OPERATING ACTIVITIES
Net Income -$422.0K -$638.7K
YoY Change -33.93% -74.39%
Depreciation, Depletion And Amortization $120.0K $294.0K
YoY Change -59.18% -4.57%
Cash From Operating Activities -$1.421M $842.3K
YoY Change -268.66% 26.65%
INVESTING ACTIVITIES
Capital Expenditures -$50.00K -$20.00K
YoY Change 150.0% -60.0%
Acquisitions
YoY Change
Other Investing Activities $0.00
YoY Change
Cash From Investing Activities -$45.78K -$18.53K
YoY Change 147.13% -64.54%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $375.4K
YoY Change 75.83%
Cash From Financing Activities 1.557M -1.700M
YoY Change -191.63% 110.43%
NET CHANGE
Cash From Operating Activities -1.421M 842.3K
Cash From Investing Activities -45.78K -18.53K
Cash From Financing Activities 1.557M -1.700M
Net Change In Cash $0.00 -685.0K
YoY Change -100.0% 171.06%
FREE CASH FLOW
Cash From Operating Activities -$1.421M $842.3K
Capital Expenditures -$50.00K -$20.00K
Free Cash Flow -$1.371M $862.3K
YoY Change -258.95% 20.59%

Facts In Submission

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CY2021Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
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CY2021Q1 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=" font-family: Times New Roman; font-size: 10pt; font-variant: normal; text-align: justify; margin: 0pt;">Use of estimates:</div> <div style=" font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">&nbsp;</div> <div style=" font-family: Times New Roman; font-size: 10pt; font-variant: normal; text-align: justify; margin: 0pt;">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 <div style="display: inline; font-style: italic; font: inherit;"> may </div>differ from those estimates. The Company's significant estimates include valuation allowances for doubtful accounts and&nbsp;inventory valuation, and assumptions used as inputs in the Black-Scholes option-pricing model.&nbsp;</div></div></div></div></div>
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CY2020Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2021Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2020Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
3973093

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