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Condensed Consolidated Balance Sheets (USD $)
Sep. 30, 2011
Dec. 31, 2010
ASSETS  
Cash and cash equivalents (VIE $10,000 and $38,000, respectively)$ 437,637$ 761,874
Accounts receivable, (less allowance for doubtful accounts of $65,000 and $59,000, respectively)7,251,0448,533,626
Inventories, net12,620,86510,368,037
Net deferred income tax asset763,941750,485
Prepaid expenses and other current assets1,594,4911,012,067
Total current assets22,667,97821,426,089
Property, plant and equipment:  
Machinery and equipment23,724,14622,900,460
Building3,291,9993,260,201
Office furniture and equipment2,803,3922,718,425
Intellectual property432,070345,092
Land250,000250,000
Leasehold improvements422,843443,630
Fixtures and equipment at customer locations2,632,6892,629,902
Projects under construction (VIE $569,000 and $587,000, respectively)1,142,7151,601,682
Property Plant Equipment and Intellectual Property Gross34,699,85434,149,392
Less : accumulated depreciation and amortization(25,709,270)(24,489,624)
Total property, plant and equipment, net8,990,5849,659,768
Other assets:  
Deferred financing costs, net50,69063,634
Goodwill1,033,0771,033,077
Net deferred income tax asset448,239360,830
Other assets (due from related party $73,000 and $213,000, respectively)184,678317,990
Total other assets1,716,6841,775,531
TOTAL ASSETS33,375,24632,861,388
LIABILITIES AND EQUITY  
Checks written in excess of bank balance1,211,720692,141
Trade payables (VIE $24,000 and $58,000, respectively)4,559,5654,307,358
Line of credit (VIE $0 and $700,000, respectively)7,605,5768,225,900
Notes payable - current portion274,446276,667
Notes payable - officers, current portion, net of debt discount of $0 and $5,0001,424,9231,410,807
Capital lease - current portion3,8385,117
Notes Payable Affiliates - current portion6,7426,754
Accrued liabilities2,568,6933,027,298
Total current liabilities17,655,50317,952,042
Long-term liabilities:  
Notes Payable - Affiliates143,358155,648
Notes payable, net of current portion3,825,4672,611,127
Capital Lease02,559
Notes payable - officers, subordinated, net of debt discount of $0 and $091,745360,351
Total long-term liabilities4,060,5703,129,685
Equity:  
Preferred Stock -- no par value 2,000,000 shares authorized 0 shares issued and outstanding00
Common stock - no par value, 5,000,000 shares authorized, 3,210,975 and 3,209,475 shares issued and 3,318,848 and 3,137,348 outstanding, respectively13,400,49013,394,940
Paid-in-capital922,147817,138
Dividends(158,381)(314,441)
Accumulated deficit(365,069)(379,210)
Accumulated other comprehensive loss(1,916,380)(1,592,798)
Less: Treasury stock, 72,127 shares and 72,127 shares(141,289)(141,289)
Total CTI Industries Corporation stockholders' equity11,741,51811,784,340
Noncontrolling interest(82,345)(4,679)
Total Equity11,659,17311,779,661
TOTAL LIABILITIES AND EQUITY$ 33,375,246$ 32,861,388