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Condensed Consolidated Statements of Comprehensive Income (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Net Sales $ 6,234,231 $ 5,980,766 $ 19,975,640 $ 18,793,620
Cost of Sales 5,659,400 5,719,824 17,441,799 16,441,524
Gross profit 574,831 260,942 2,533,841 2,352,096
Operating expenses:        
General and administrative 1,061,849 1,067,122 3,439,467 3,253,561
Selling 32,904 31,723 98,261 112,113
Advertising and marketing 70,902 69,569 252,088 271,563
Gain on sale of assets 0 0 (3,356,794) (45,700)
Total operating expenses 1,165,655 1,168,414 433,022 3,591,537
Income (loss) from operations (590,824) (907,472) 2,100,819 (1,239,441)
Other (expense) income:        
Interest expense (114,051) (255,138) (526,700) (1,033,240)
Gain on forgiveness of Payroll Protection Program Funding 0 247,554 0 1,047,700
Other income (expense) 94,577 (15,621) (236,939) (387,961)
Foreign currency gain (27,840) 15,100 (18,341) (169,357)
Total other income (expense) (47,314) (8,105) (781,980) (542,858)
Income (Loss) from continuing operations before taxes (638,138) (915,577) 1,318,839 (1,782,299)
Income tax expense 0 0 0 0
Income (Loss) from continuing operations (638,138) (915,577) 1,318,839 (1,782,299)
Gain (loss) from discontinued operations, net of tax 0 (113,055) 146,252 (1,199,648)
Net Income (Loss) (638,138) (1,028,632) 1,465,091 (2,981,947)
Less: Net income (loss) income attributable to noncontrolling interest (4,972) (74,692) 727,925 138,198
Net income (loss) attributable to Yunhong CTI, Ltd (633,166) (953,940) 737,166 (3,120,145)
Other Comprehensive Income (Loss)        
Foreign currency adjustment (343,988) 5,324 (295,915) (1,291,852)
Reclassification of foreign currency translation loss to earnings 0 0 (92,282)
Comprehensive Income (Loss) (982,126) (1,023,308) 1,076,894 (4,273,799)
Deemed Dividends on preferred stock and amortization of beneficial conversion feature (168,000) (114,561) (1,876,876) (2,733,329)
Net Loss attributable to Yunhong CTI Ltd Shareholders $ (801,166) $ (1,068,501) $ (1,139,710) $ (5,853,474)
Basic income (loss) per common share        
Continuing operations (in dollars per share) $ (0.14) $ (0.19) $ (0.22) $ (1.05)
Discontinued operations (in dollars per share) 0 (0.02) 0.02 (0.27)
Basic income (loss) per common share (in dollars per share) (0.14) (0.21) (0.20) (1.32)
Diluted income (loss) per common share        
Continuing operations (in dollars per share) (0.14) (0.19) (0.22) (1.05)
Discontinued operations (in dollars per share) 0 (0.02) 0.02 (0.27)
Diluted income (loss) per common share (in dollars per share) $ (0.14) $ (0.21) $ (0.20) $ (1.32)
Weighted average number of shares and equivalent shares of common stock outstanding:        
Basic (in shares) 5,886,750 4,902,131 5,876,237 4,426,420
Diluted (in shares) 5,886,750 4,902,131 5,876,237 4,426,420