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Condensed Consolidated Statements of Comprehensive Income - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Net Sales $ 14,880,820 $ 14,569,309 $ 43,476,981 $ 42,648,515
Cost of Sales 10,775,500 10,824,765 31,863,004 32,380,526
Gross profit 4,105,320 3,744,544 11,613,977 10,267,989
Operating expenses:        
General and administrative 1,840,643 1,623,858 5,300,418 5,498,835
Selling 862,587 1,006,080 2,425,677 2,333,524
Advertising and marketing 689,244 595,622 2,005,643 1,646,395
Total operating expenses 3,392,474 3,225,560 9,731,738 9,478,754
Income from operations 712,846 518,984 1,882,239 789,235
Other (expense) income:        
Interest expense (350,960) (241,218) (1,067,895) (760,602)
Interest income 5,952 5,536 30,729 18,452
Foreign currency gain 43,932 8,049 47,230 5,568
Total other expense, net (301,076) (227,633) (989,936) (736,582)
Net income before taxes 411,770 291,351 892,303 52,653
Income tax expense 161,280 122,202 386,514 36,299
Net income 250,490 169,149 505,789 16,354
Less: Net income (loss) attributable to noncontrolling interest 41,237 (40,366) (39,754) (116,096)
Net income attributable to CTI Industries Corporation 209,253 209,515 545,543 132,450
Other Comprehensive Loss        
Foreign currency adjustment (547,475) (363,410) (1,009,986) (552,014)
Comprehensive loss $ (338,222) $ (153,895) $ (464,443) $ (419,564)
Basic income per common share (in dollars per share) $ 0.06 $ 0.06 $ 0.17 $ 0.04
Diluted income per common share (in dollars per share) $ 0.06 $ 0.06 $ 0.16 $ 0.04
Weighted average number of shares and equivalent shares of common stock outstanding:        
Basic (in shares) 3,301,116 3,301,116 3,301,116 3,284,023
Diluted (in shares) 3,446,808 3,450,344 3,447,938 3,436,124