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Condensed Consolidated Statements of Comprehensive Income - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Net Sales $ 12,811,697 $ 14,150,504 $ 28,171,335 $ 29,355,498
Cost of Sales 9,694,288 10,313,825 21,436,477 21,596,973
Gross profit 3,117,409 3,836,679 6,734,858 7,758,525
Operating expenses:        
General and administrative 1,866,615 1,904,874 3,767,871 3,662,224
Selling 1,187,904 1,192,794 1,909,294 2,184,155
Advertising and marketing 537,372 536,631 1,093,781 1,062,709
Gain on sale of assets (22,401) 0 (91,701) 0
Other operating income (1,416) 0 (1,416) 0
Total operating expenses 3,568,074 3,634,299 6,677,829 6,909,088
(Loss) Income from operations (450,665) 202,380 57,029 849,437
Other (expense) income:        
Interest expense (359,782) (357,192) (732,646) (715,652)
Change in fair value of warrants 4,202 (39,214) 23,808 (226,878)
Foreign currency loss (50,428) 78,161 (80,954) 67,677
Total other expense, net (406,008) (318,245) (789,792) (874,853)
Net income before taxes (856,673) (115,865) (732,763) (25,416)
Income tax expense (263,110) 4,865 (187,473) 11,851
Net income (593,563) (120,730) (545,290) (37,267)
Less: Net (loss) income attributable to noncontrolling interest (67,435) (37,800) (77,632) 38,900
Net loss attributable to CTI Industries Corporation (526,128) (82,930) (467,658) (76,167)
Other Comprehensive Income (Loss)        
Foreign currency adjustment 442,057 (536,409) 753,369 (604,011)
Comprehensive Income (Loss) $ (84,071) $ (619,339) $ 285,711 $ (680,178)
Basic loss per common share $ (0.15) $ (0.02) $ (0.13) $ (0.02)
Diluted loss per common share $ (0.14) $ (0.02) $ (0.12) $ (0.02)
Weighted average number of shares and equivalent shares of common stock outstanding:        
Basic 3,616,693 3,363,986 3,616,693 3,363,986
Diluted 3,771,581 3,535,075 3,772,236 3,519,906