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Condensed Consolidated Balance Sheets (USD $)
Jun. 30, 2011
Dec. 31, 2010
ASSETS    
Cash and cash equivalents (VIE $6,000 and $38,000, respectively) $ 493,559 $ 761,874
Accounts receivable, (less allowance for doubtful accounts of $65,000 and $59,000, respectively) 7,908,907 8,533,626
Inventories, net 11,642,078 10,368,037
Net deferred income tax asset 773,398 750,485
Prepaid expenses and other current assets 1,549,902 1,012,067
Total current assets 22,367,844 21,426,089
Property, plant and equipment:    
Machinery and equipment 23,888,526 22,900,460
Building 3,291,999 3,260,201
Office furniture and equipment 2,812,122 2,718,425
Intellectual property 345,092 345,092
Land 250,000 250,000
Leasehold improvements 455,615 443,630
Fixtures and equipment at customer locations 2,632,852 2,629,902
Projects under construction (VIE $652,000 and $587,000, respectively) 1,217,871 1,601,682
Property Plant Equipment and Intellectual Property Gross 34,894,077 34,149,392
Less : accumulated depreciation and amortization (25,477,253) (24,489,624)
Total property, plant and equipment, net 9,416,824 9,659,768
Other assets:    
Deferred financing costs, net 49,998 63,634
Goodwill 1,033,077 1,033,077
Net deferred income tax asset 319,888 360,830
Other assets (due from related party $31,000 and $213,000, respectively) 148,421 317,990
Total other assets 1,551,384 1,775,531
TOTAL ASSETS 33,336,052 32,861,388
LIABILITIES AND EQUITY    
Checks written in excess of bank balance 1,059,410 692,141
Trade payables (VIE $28,000 and $58,000, respectively) 5,094,649 4,307,358
Line of credit (VIE $0 and $700,000, respectively) 6,093,810 8,225,900
Notes payable - current portion 222,130 276,667
Notes payable - officers, current portion, net of debt discount of $0 and $5,000 1,424,923 1,410,807
Capital lease - current portion 5,117 5,117
Notes Payable Affiliates - current portion 7,514 6,754
Accrued liabilities 2,790,969 3,027,298
Total current liabilities 16,698,522 17,952,042
Long-term liabilities:    
Notes Payable - Affiliates 163,988 155,648
Notes payable, net of current portion 3,873,173 2,611,127
Capital Lease 0 2,559
Notes payable - officers, subordinated, net of debt discount of $0 and $0 103,391 360,351
Total long-term liabilities 4,140,552 3,129,685
Equity:    
Preferred Stock - no par value 2,000,000 shares authorized 0 shares issued and outstanding 0 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 13,397,275 13,394,940
Paid-in-capital 887,144 817,138
Dividends 0 (314,441)
Accumulated deficit (383,188) (379,210)
Accumulated other comprehensive loss (1,198,090) (1,592,798)
Less: Treasury stock, 72,127 shares and 72,127 shares (141,289) (141,289)
Total CTI Industries Corporation stockholders' equity 12,561,852 11,784,340
Noncontrolling interest (64,874) (4,679)
Total Equity 12,496,978 11,779,661
TOTAL LIABILITIES AND EQUITY $ 33,336,052 $ 32,861,388