| Cash and cash equivalents (VIE $6,000 and $38,000, respectively) |
623.88K |
| Accounts receivable, (less allowance for doubtful accounts of $65,000 and $59,000, respectively) |
10.18M |
| Inventories, net |
22.94M |
| Net deferred income tax asset |
749.09K |
| Prepaid expenses and other current assets |
| Total current assets |
36.3M |
| Machinery and equipment |
26.58M |
| Building |
3.38M |
| Office furniture and equipment |
3.61M |
| Intellectual property |
482.09K |
| Land |
250K |
| Leasehold improvements |
405.31K |
| Fixtures and equipment at customer locations |
3.19M |
| Projects under construction (VIE $652,000 and $587,000, respectively) |
629.73K |
| Property Plant Equipment and Intellectual Property Gross |
| Less : accumulated depreciation and amortization |
-33.01M |
| Total property, plant and equipment, net |
5.52M |
| Deferred financing costs, net |
67.53K |
| Goodwill |
1.47M |
| Net deferred income tax asset |
1.17M |
| Other assets (due from related party $31,000 and $213,000, respectively) |
467.81K |
| Total other assets |
3.18M |
| TOTAL ASSETS |
45M |
| Checks written in excess of bank balance |
1.51M |
| Trade payables (VIE $28,000 and $58,000, respectively) |
7.42M |
| Line of credit (VIE $0 and $700,000, respectively) |
10.36M |
| Notes payable - current portion |
1.75M |
| Notes payable - officers, current portion, net of debt discount of $0 and $5,000 |
900K |
| Capital lease - current portion |
41.62K |
| Notes Payable Affiliates - current portion |
8.44K |
| Accrued liabilities |
2.97M |
| Total current liabilities |
24.97M |
| Notes Payable - Affiliates |
223.54K |
| Notes payable, net of current portion |
5.36M |
| Capital Lease |
14.28K |
| Notes payable - officers, subordinated, net of debt discount of $0 and $0 |
1.39M |
| Total long-term liabilities |
8.23M |
| Preferred Stock - no par value 2,000,000 shares authorized 0 shares issued and outstanding |
0 |
| Common stock - no par value, 5,000,000 shares authorized, 3,209,975 and 3,209,475 shares issued and 3,137,848 and 3,137,348 outstanding, respectively |
13.9M |
| Paid-in-capital |
2.24M |
| Dividends |
| Accumulated deficit |
1.41M |
| Accumulated other comprehensive loss |
-4.92M |
| Less: Treasury stock, 72,127 shares and 72,127 shares |
-160.78K |
| Total CTI Industries Corporation stockholders' equity |
12.48M |
| Noncontrolling interest |
-678.12K |
| Total Equity |
11.8M |
| TOTAL LIABILITIES AND EQUITY |
45M |
