Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)	Jun. 30, 2018	Dec. 31, 2017
Current assets:
Cash and cash equivalents (VIE $9,000 and $51,000, respectively)	$ 452,826	$ 181,026
Accounts receivable, (less allowance for doubtful accounts of $100,000 and $114,000, respectively)	11,877,381	11,235,834
Inventories, net (VIE $470,000 and $498,000, respectively)	19,293,662	18,865,932
Prepaid expenses (VIE $131,000 and $80,000, respectively)	672,242	887,885
Other current assets	1,243,335	1,120,808
Total current assets	33,539,446	32,291,485
Property, plant and equipment:
Machinery and equipment	23,431,338	23,439,781
Building	3,367,082	3,367,082
Office furniture and equipment (VIE $298,000 and $268,000, respectively)	2,653,532	2,591,159
Intellectual property	752,044	752,044
Land	250,000	250,000
Leasehold improvements	402,482	402,963
Fixtures and equipment at customer locations	518,450	518,450
Projects under construction	160,283	121,241
Property, Plant and Equipment, Gross	31,535,211	31,442,720
Less : accumulated depreciation and amortization (VIE $77,000 and $36,000, respectively)	(27,554,722)	(26,886,139)
Total property, plant and equipment, net	3,980,489	4,556,581
Other assets:
Goodwill (VIE $440,000 and $440,000, respectively)	1,473,176	1,473,176
Net deferred income tax asset (VIE $97,000 and $52,000, respectively)	1,222,447	1,102,467
Other assets	527,704	560,329
Total other assets	3,223,327	3,135,972
TOTAL ASSETS	40,743,262	39,984,038
Current liabilities:
Checks written in excess of bank balance (VIE $9,000 and $16,000, respectively)	8,996	454,850
Trade payables	6,270,221	5,414,497
Line of credit (VIE $309,000 and $338,000, respectively)	15,477,581	13,783,930
Notes payable - current portion	899,900	942,533
Notes payable affiliates - current portion	10,162	9,615
Capital Lease - current portion		7,562
Accrued liabilities (VIE $93,000 and $92,000, respectively)	2,020,762	2,047,893
Total current liabilities	24,687,622	22,660,880
Long-term liabilities:
Notes payable - affiliates	198,693	212,545
Notes payable, net of current portion (VIE $52,000 and $83,000, respectively)	4,210,950	4,951,581
Notes payable - officers, subordinated	1,549,937	1,507,362
Deferred gain (non current)	153,331	207,410
Total long-term debt, net of current portion	6,112,911	6,878,898
Total long-term liabilities	6,112,911	6,878,898
CTI Industries Corporation stockholders' equity:
Preferred Stock -- no par value, 3,000,000 shares authorized, 0 shares issued and outstanding
Common stock - no par value, 15,000,000 shares authorized, 3,573,885 shares issued and 3,530,227 shares outstanding	13,898,494	13,898,494
Paid-in-capital	2,377,006	2,271,261
Accumulated earnings	507,419	720,223
Accumulated other comprehensive loss	(5,707,796)	(5,365,364)
Less: Treasury stock, 43,658 shares	(160,784)	(160,784)
Total CTI Industries Corporation stockholders' equity	10,914,339	11,363,830
Noncontrolling interest	(971,610)	(919,570)
Total Equity	9,942,729	10,444,260
TOTAL LIABILITIES AND EQUITY	$ 40,743,262	$ 39,984,038