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Condensed Consolidated Balance Sheets - USD ($)
Sep. 30, 2015
Dec. 31, 2014
Current assets:    
Cash and cash equivalents (VIE $104,000 and $14,000, respectively) $ 272,543 $ 150,332
Accounts receivable, (less allowance for doubtful accounts of $105,000 and $230,000, respectively) (VIE $334,000 and $9,000, respectively) 10,121,243 11,286,797
Inventories, net (VIE $805,000 and $699,000, respectively) 17,702,378 17,755,300
Net deferred income tax asset 719,397 718,694
Prepaid expenses (VIE $153,000 and $22,000, respectively) 1,291,334 1,983,915
Other current assets (VIE $58,000 and $46,000, respectively) 748,422 578,888
Total current assets 30,855,317 32,473,926
Property, plant and equipment:    
Machinery and equipment (VIE $553,000 and $640,000, respectively) 26,764,353 26,739,353
Building 3,360,017 3,360,017
Office furniture and equipment (VIE $57,000 and $46,000, respectively) 3,493,997 3,473,009
Intellectual property 482,088 482,088
Land 250,000 250,000
Leasehold improvements 627,095 640,166
Fixtures and equipment at customer locations 3,174,535 3,013,747
Projects under construction 674,134 859,631
Property, Plant and Equipment, Gross 38,826,219 38,818,011
Less : accumulated depreciation and amortization (VIE $142,000 and $129,000, respectively) (32,112,844) (31,062,484)
Total property, plant and equipment, net 6,713,375 7,755,527
Other assets:    
Deferred financing costs, net 125,306 157,061
Goodwill (VIE $440,000 and $440,000, respectively) 1,473,176 1,473,176
Net deferred income tax asset 914,996 1,013,392
Other assets (due from related party $51,000 and $47,000, respectively) (VIE $225,000 and $0, respectively) 474,288 173,828
Total other assets 2,987,766 2,817,457
TOTAL ASSETS 40,556,458 43,046,910
Current liabilities:    
Checks written in excess of bank balance (VIE $7,000 and $0, respectively) 964,297 1,432,212
Trade payables (VIE $367,000 and $74,000, respectively) 5,117,910 4,468,859
Line of credit (VIE $491,000 and $494,000, respectively) 10,246,362 12,158,300
Notes payable - current portion (net discount of $164,000 and $146,000, respectively) (VIE $341,000 and $114,000, respectively) 537,429 328,942
Notes payable affiliates - current portion 8,526 9,034
Capital Lease - current portion 40,535 38,595
Accrued liabilities (VIE $627,000 and $60,000, respectively) 2,455,948 2,493,435
Total current liabilities 19,371,007 20,929,377
Long-term liabilities:    
Notes payable - affiliates 270,425 284,547
Notes payable, net of current portion (net discount of $158,000 and $284,000, repectively) (VIE $8,000 and $322,000, respectively) 6,718,252 7,177,406
Notes payable - officers, subordinated 1,300,897 1,236,476
Capital Lease 53,464 86,555
Total long-term debt, net of current portion 8,343,038 8,784,984
Warrants Payable 523,780 525,180
Total long-term liabilities 8,866,818 9,310,164
CTI Industries Corporation stockholders' equity:    
Preferred Stock - no par value 5,000,000 shares authorized 0 shares issued and outstanding 0 0
Common stock - no par value, 10,000,000 shares authorized, 3,376,743 shares issued and 3,301,116 shares outstanding 13,775,994 13,775,994
Paid-in-capital 1,568,202 1,542,718
Accumulated earnings 987,937 623,455
Accumulated other comprehensive loss (3,911,198) (2,901,212)
Less: Treasury stock, 75,627 shares (160,784) (160,784)
Total CTI Industries Corporation stockholders' equity 12,260,151 12,880,171
Noncontrolling interest 58,482 (72,802)
Total Equity 12,318,633 12,807,369
TOTAL LIABILITIES AND EQUITY $ 40,556,458 $ 43,046,910