Note 2 - Discontinued Operations (Tables)

9 Months Ended

Sep. 30, 2019

Notes Tables

Disposal Groups, Including Discontinued Operations [Table Text Block]

	09/30/19			09/30/18
Income Statement
Net Sales	$	1,177,953		$	1,397,033
Cost of Sales		1,163,985			1,041,266
Gross Margin		13,968			355,767
Impairment of Long-Lived Assets
SG&A		373,625			330,898
Operating Income		(359,657)			24,869
Other Expense (income)		35,111			(8,038	)
pretax loss from discontinued operations		(394,768	)		32,907
Loss from classification to held for sale		604,483			-
Income Tax Expense		-			9,214
(Loss)Income prior to non-controlling interest		(999,251	)		23,693
Non-controlling Interest share of profit/loss		(271,807	)		15,411
(Loss) Income attributable to CTI shareholders	$	(727,444	)	$	8,282

		09/30/19			09/30/18
Income Statement
Net Sales	$	4,152,390		$	4,981,152
Cost of Sales		4,881,526			3,860,225
Gross Margin		(729,136	)		1,120,927
Impairment of Long-Lived Assets		(4,173	)
SG&A		1,342,360			1,103,266
Operating Income		(2,067,323	)		17,662
Other Expense (income)		58,990			(34,219	)
Pretax loss from discontinued operations		(2,126,313	)		51,880
Loss from classification to held for sale		604,483			-
Income Tax Expense		-			14,526
Income (loss) prior to non-controlling interest		(2,730,796	)		37,354
Non-controlling Interest share of (loss)/income		(837,136	)		46,067
Income (loss) attributable to CTI shareholders	$	(1,893,660	)	$	(8,713	)

	9/30/2019		12/31/2018
Balance Sheet
Assets
Current Assets
Cash on hand and Banks	$	56,769	$	169,912
Accounts Receivable		687,607		584,827
Inventory		453,395		2,618,854
Prepaid & Other		-		125,726
TOTAL Current Assets		1,197,771		3,499,319
NET Property, Plant, and Equipment		105,594		94,069
Other Assets
Operating lease right-of-use		561,120		-
Other		44,303		78,729
TOTAL Other Assets		605,423		78,729
TOTAL Non-Current Assets		711,017		172,798
Less Valuation Allowance on Held for Sale classification		(604,483)
TOTAL Assets	$	1,304,305	$	3,672,117
Liabilities
Current Liabilities
Trade Accounts Payable	$	435,785	$	727,741
Operating Lease Liabilities - Current		382,214		-
Other/Accrued Liabilities		43,425		80,035
TOTAL Current Liabilities		861,424		807,776
Non-Current Liabilities
Operating Lease Liabilities - Non Current		178,906		-
Other Non-Current		31,287		31,874
TOTAL Non-Current Liabilities		210,193		31,874
		-		-
TOTAL Liabilities	$	1,071,617	$	839,650

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2019		2018		2019		2018
Depreciation		7,321		7,963		20,519		21,588