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Consolidated Balance Sheets (USD $)
Dec. 31, 2011
Dec. 31, 2010
ASSETS    
Cash and cash equivalents (VIE $11,000 and $38,000, respectively) $ 338,523 $ 761,874
Accounts receivable, (less allowance for doubtful accounts of $70,000 and $59,000 respectively) 7,091,194 8,533,626
Inventories, net 13,338,317 10,368,037
Net deferred income tax asset 760,241 750,485
Prepaid expenses (VIE $10,000 and $0, respectively) 1,345,223 582,025
Other current assets (VIE $83,000 and $0, respectively) 427,471 430,042
Total current assets 23,300,969 21,426,089
Property, plant and equipment:    
Machinery and equipment 24,333,989 22,900,460
Building 3,329,174 3,260,201
Office furniture and equipment 3,022,719 2,718,425
Intellectual property 432,070 345,092
Land 250,000 250,000
Leasehold improvements 415,663 443,630
Fixtures and equipment at customer locations 2,629,902 2,629,902
Projects under construction (VIE $0 and $587,000, respectively) 502,021 1,601,682
Property Plant Equipment and Intellectual Property Gross 34,915,538 34,149,392
Less : accumulated depreciation and amortization (26,071,629) (24,489,624)
Total property, plant and equipment, net 8,843,909 9,659,768
Other assets:    
Deferred financing costs, net 42,986 63,634
Goodwill 1,033,077 1,033,077
Net deferred income tax asset 197,243 360,830
Other assets (due from related party $79,000 and $213,000, respectively) 197,338 317,990
Total other assets 1,470,644 1,775,531
TOTAL ASSETS 33,615,522 32,861,388
LIABILITIES AND EQUITY    
Checks written in excess of bank balance 154,501 692,141
Trade payables (VIE $0 and $58,000, respectively) 6,359,757 4,307,358
Line of credit (VIE $0 and $700,000, respectively) 7,298,363 8,225,900
Notes payable - current portion (VIE $91,000 and $0, respectively) 362,927 276,667
Notes payable - officers, current portion, net of debt discount of $0 and $5,000 1,424,923 1,410,807
Capital lease - current portion 2,559 5,117
Notes Payable Affiliates - current portion 6,718 6,754
Accrued liabilities 2,079,246 3,027,298
Total current liabilities 17,688,994 17,952,042
Long-term liabilities:    
Notes Payable - Affiliates 134,919 155,648
Notes payable, net of current portion (VIE $687,000 and $0, respectively) 3,932,032 2,611,127
Capital Lease 426 2,559
Notes payable - officers, subordinated 103,656 360,351
Total long-term liabilities 4,171,033 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, 3,276,633 and 3,209,475 shares issued and 3,137,348 and 2,808,720 outstanding, respectively 13,704,890 13,394,940
Paid-in-capital 950,968 817,138
Accumulated deficit (368,122) (693,651)
Accumulated other comprehensive loss (2,285,679) (1,592,798)
Less: Treasury stock, 72,127 shares (141,289) (141,289)
Total CTI Industries Corporation stockholders' equity 11,860,768 11,784,340
Noncontrolling interest (105,273) (4,679)
Total Equity 11,755,495 11,779,661
TOTAL LIABILITIES AND EQUITY $ 33,615,522 $ 32,861,388