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Condensed Consolidated Balance Sheets - USD ($)
Dec. 31, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 65,830 $ 322,179
Accounts receivable 3,442,928 1,769,645
Inventories, net 7,876,304 7,271,977
Prepaid expenses 625,143 457,162
Other current assets 463,748 408,613
Receivable from related party 100,000
Current assets of discontinued operations 9,380,070
Total current assets 12,473,953 19,709,646
Property, plant and equipment:    
Machinery and equipment 17,469,698 18,183,945
Building 0 3,321,016
Office furniture and equipment 2,076,370 2,140,897
Intellectual property 783,179 783,179
Land 0 250,000
Leasehold improvements 22,500 256,468
Fixtures and equipment at customer locations 518,450 518,450
Projects under construction 223,258 71,206
Property, Plant and Equipment, Gross 21,093,455 25,525,161
Less : accumulated depreciation and amortization (19,950,883) (23,726,326)
Total property, plant and equipment, net 1,142,572 1,798,835
Other assets:    
Operating lease right-of-use 3,530,000 42,489
Other assets 135,048 0
Total other assets 3,665,048 42,489
TOTAL ASSETS 17,281,573 21,550,970
Current liabilities:    
Trade payables 2,132,060 3,304,927
Line of credit 5,002,599 5,341,916
Notes payable - current portion 725,807 2,156,897
Advance from Investor 0 1,500,000
Notes payable affiliates - current portion 0 8,045
Notes payable - officers, subordinated 1,193,079 1,123,769
Operating lease liabilities 670,000 38,475
Accrued liabilities 647,570 646,606
Current liabilities of discontinued operations 0 4,666,555
Total current liabilities 10,371,115 18,787,190
Long-term liabilities:    
Operating lease liabilities 2,860,000 4,013
Deferred gain (non current) 0 40,116
Total long-term liabilities 2,860,000 44,129
TOTAL LIABILITIES 13,231,115 18,831,319
Mezzanine equity:    
Preferred stock -- no par value, 170,000 share authorized 170,000 shares issued and outstanding at December 31, 2020 and none at December 31, 2021 (liquidation preference - $5.0 million as of December 31, 2020) 0 1,532,164
Common stock - no par value, 50,000,000 shares authorized, 5,930,408 and 5,827,304 shares issued and 5,886,750 and 5,783,646 shares outstanding at December 31, 2021 and December 31, 2020 respectively 14,537,828 14,537,828
Paid-in-capital 4,316,924 5,041,511
Accumulated deficit (22,654,844) (14,382,327)
Accumulated other comprehensive loss 0 (5,885,112)
Less: Treasury stock, 43,658 shares (160,784) (160,784)
Total Yunhong CTI, Ltd Stockholders' Equity 4,050,458 1,905,699
Noncontrolling interest 0 (718,212)
Total Stockholders' Equity 4,050,458 1,187,487
TOTAL LIABILITIES, MEZZANINE EQUITY AND STOCKHOLDERS' EQUITY 17,281,573 21,550,970
Series A Preferred Stock [Member]    
Mezzanine equity:    
Preferred Stock 3,154,583 2,754,583
Series B Preferred Stock [Member]    
Mezzanine equity:    
Preferred Stock 1,714,707 0
Series C Preferred Stock [Member]    
Mezzanine equity:    
Preferred Stock 1,630,333 0
Series D Preferred Stock [Member]    
Mezzanine equity:    
Preferred Stock $ 1,511,711 $ 0