Earnings Per Share

12 Months Ended

Dec. 31, 2012

Earnings Per Share [Abstract]

Earnings Per Share [Text Block]

17. Earnings Per Share

Basic earnings per share is computed by dividing net income by the weighted average number of shares of common stock outstanding during each period.

Diluted earnings per share is computed by dividing the net income by the weighted average number of shares of common stock and equivalents (stock options and warrants), unless anti-dilutive, during each period.

For the three and twelve months ended December 31, 2012, 117,913 shares were anti-dilutive (not included in the determination of earnings on a diluted basis), all of which were represented by options. For the three months ended December 31, 2011, 84,000 shares were anti-dilutive shares. For the twelve months ended December 31, 2011, 81,500 shares were anti-dilutive, all of which were represented by options.

Consolidated Earnings per Share

	Year Ended December 31,
	2012		2011
Basic
Average shares outstanding:
Weighted average number of shares outstanding during the period		3,216,756		3,138,958
Earnings:
Net income attributable to CTI Industries Corporation	$	101,749	$	483,910
Amount for per share Computation	$	101,749	$	483,910
Net earnings applicable to Common Shares	$	0.03	$	0.15
Diluted
Average shares outstanding:		3,216,756		3,138,958
Weighted averages shares Outstanding Common stock equivalents (options, warrants)		76,350		42,144
Weighted average number of shares outstanding    during the period		3,293,106		3,181,102
Earnings:
Net income attributable to CTI Industries Corporation	$	101,749	$	483,910
Amount for per share computation	$	101,749	$	483,910
Net income applicable to Common Shares	$	0.03	$	0.15