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Condensed Consolidated Statements of Comprehensive Income (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Net Sales $ 5,745,353 $ 9,202,406 $ 12,812,854 $ 17,882,423
Cost of Sales 5,135,641 9,134,616 10,721,700 15,857,627
Gross profit 609,712 67,790 2,091,154 2,024,796
Operating expenses:        
General and administrative 1,484,008 1,419,277 2,186,439 2,783,916
Selling 26,636 109,721 80,390 229,109
Advertising and marketing 81,165 177,903 201,994 336,737
Impairment of long-lived assets 258,566 1,511,742
Gain on sale of assets (20,016) (23,662) (45,700) (47,209)
Total operating expenses 1,571,793 1,941,805 2,423,123 4,814,295
Loss from operations (962,081) (1,874,015) (331,969) (2,789,499)
Other (expense) income:        
Interest (expense) income (336,925) (533,256) (778,102) (1,097,416)
Gain on Forgiveness of Payroll Protection Program Funding 800,146 800,146
Other (expense) income (330,006) (93,086) (372,340) (390,194)
Foreign currency (loss) income (30,374) 9,091 (184,457) 3,407
Total other income (expense), net 102,841 (617,251) (534,753) (1,484,203)
Loss from continuing operations before taxes (859,240) (2,491,266) (866,722) (4,273,702)
Income tax expense
Loss from continuing operations (859,240) (2,491,266) (866,722) (4,273,702)
Income (loss) from discontinued operations , net of tax (599,956) 730,686 (1,086,593) (43,353)
Net Loss (1,459,196) (1,760,579) (1,953,315) (4,317,056)
Less: Net (loss) income attributable to noncontrolling interest 68,313 (516,102) 212,890 (578,490)
Net loss attributable to Yunhong CTI, Ltd (1,527,509) (1,244,478) (2,166,205) (3,738,565)
Other Comprehensive Income (Loss)        
Foreign currency adjustment 66,327 61,333 (1,297,176) 297,209
Comprehensive Loss (1,461,182) (1,183,145) (3,463,381) (3,441,356)
Deemed Dividends on preferred stock and amortization of beneficial conversion feature (237,824) (2,618,768)
Net Loss attributable to Yunhong CTI Ltd Shareholders $ (1,699,006) $ (1,183,145) $ (6,082,149) $ (3,441,356)
Basic income (loss) per common share        
Continuing operations (in dollars per share) $ (0.27) $ (0.51) $ (0.88) $ (0.96)
Discontinued operations (in dollars per share) (0.14) 0.19 (0.26) (0.01)
Basic income (loss) per common share (in dollars per share) (0.41) (0.32) (1.14) (0.97)
Diluted income (loss) per common share        
Continuing operations (in dollars per share) (0.27) (0.51) (0.88) (0.96)
Discontinued operations (in dollars per share) (0.14) 0.19 (0.26) (0.01)
Diluted income (loss) per common share (in dollars per share) $ (0.41) $ (0.32) $ (1.14) $ (0.97)
Weighted average number of shares and equivalent shares of common stock outstanding:        
Basic (in shares) 4,352,292 3,835,950 4,184,521 3,835,950
Diluted (in shares) 4,352,292 3,835,950 4,184,521 3,835,950