| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 |
|---|---|---|---|---|---|---|---|---|---|
Net Sales | |||||||||
40,537 | 49,421 | 56,236 | - | - | - | - | - | - | - |
Cost of Sales | |||||||||
34,215 | 39,381 | 42,481 | - | - | - | - | - | - | - |
Net Sales | |||||||||
- | - | - | 64,268 | 59,364 | 57,828 | 56,059 | 49,542 | 47,171 | 47,747 |
Cost of Sales | |||||||||
- | - | - | 47,149 | 43,013 | 43,623 | 43,446 | 38,636 | 37,965 | 37,145 |
Gross profit | |||||||||
6,321 | 10,040 | 13,754 | 17,119 | 16,351 | 14,204 | 12,612 | 10,906 | 9,206 | 10,602 |
Operating expenses: | |||||||||
General and administrative | |||||||||
5,448 | 6,077 | 7,657 | 7,378 | 7,134 | 7,231 | 6,564 | 6,357 | 5,278 | 4,921 |
Selling | |||||||||
1,112 | 3,225 | 3,638 | 4,748 | 3,510 | 3,041 | 2,224 | 1,720 | 910 | 914 |
Advertising and marketing | |||||||||
602 | 1,253 | 1,971 | 2,189 | 2,889 | 2,322 | 1,733 | 1,769 | 1,579 | 1,719 |
Impairment of long-lived assets | |||||||||
1,686 | 220 | - | - | - | - | - | - | - | - |
Gain on deconsolidation of VIEs | |||||||||
218 | - | - | - | - | - | - | - | - | - |
Gain on sale of assets | |||||||||
93 | 94 | - | - | - | - | - | - | - | - |
Gain on sale of assets | |||||||||
- | - | 140 | 36 | 0 | - | - | - | - | - |
Other operating income | |||||||||
- | - | 1 | 0 | - | - | - | - | - | - |
Total operating expenses | |||||||||
8,327 | 10,682 | 13,125 | 14,279 | 13,534 | 12,595 | 10,522 | 9,847 | 7,768 | 7,555 |
Loss from operations | |||||||||
-2,005 | -642 | 629 | 2,839 | 2,816 | 1,609 | 2,090 | 1,058 | 1,437 | 3,046 |
Other (expense) income: | |||||||||
Interest expense | |||||||||
2,028 | 2,072 | 1,576 | 1,454 | 1,425 | 1,131 | 1,461 | 1,013 | 794 | 936 |
Interest income | |||||||||
- | - | - | - | - | 22 | 22 | 22 | 21 | 17 |
Interest income | |||||||||
- | -0 | - | - | 72 | - | - | - | - | - |
Other Expense | |||||||||
-679 | -2 | - | - | - | - | - | - | - | - |
Change in fair value of warrants | |||||||||
- | - | -19 | 103 | 189 | - | - | - | - | - |
Foreign currency loss | |||||||||
-11 | -0 | -144 | 43 | 32 | 39 | 27 | 24 | 38 | -31 |
Total other expense, net | |||||||||
-2,719 | -2,075 | -1,701 | -1,514 | -1,509 | -1,069 | -1,412 | -966 | -734 | -950 |
Loss from continuing operations before taxes | |||||||||
-4,725 | -2,718 | -1,071 | 1,324 | 1,307 | 539 | 677 | 92 | 702 | 2,095 |
Income tax expense | |||||||||
135 | 756 | 711 | 702 | 369 | 189 | 269 | 46 | 319 | 342 |
Loss from continuing operations | |||||||||
-5,808 | -3,457 | - | - | - | - | - | - | - | - |
Loss from discontinued operations | |||||||||
-3,213 | -263 | - | - | - | - | - | - | - | - |
Net loss | |||||||||
-8,074 | -3,738 | -1,782 | 621 | 937 | 349 | 408 | 46 | 383 | 1,753 |
Less: Net loss attributable to noncontrolling interest | |||||||||
-947 | -153 | -179 | -30 | -109 | -165 | 32 | -55 | -100 | -74 |
Net loss attributable to Yunhong CTI, LTD (f/k/a CTI Industries Corporation) | |||||||||
-7,127 | -3,585 | -1,603 | 652 | 1,047 | 514 | 375 | 101 | 483 | 1,827 |
Other Comprehensive Income (Loss) | |||||||||
Foreign currency adjustment | |||||||||
310 | -684 | 228 | -1,517 | -1,175 | -647 | -81 | 114 | -692 | - |
Unrealized gain on derivative instruments | |||||||||
- | - | - | - | - | - | - | - | - | 188 |
Foreign currency adjustment | |||||||||
- | - | - | - | - | - | - | - | - | 22 |
Comprehensive (Loss) | |||||||||
-6,817 | -4,270 | -1,374 | -865 | -127 | -133 | 293 | 215 | -208 | 2,038 |
Basic loss per common share | |||||||||
Continuing operations (in dollars per share) | |||||||||
-1.51 | -0.93 | - | - | - | - | - | - | - | - |
Discontinued operations (in dollars per share) | |||||||||
-0.84 | -0.07 | - | - | - | - | - | - | - | - |
Basic loss per common share (in dollars per share) | |||||||||
-2.10 | -1.00 | -0.45 | 0.18 | 0.32 | 0.16 | 0.12 | 0.03 | 0.15 | 0.61 |
Diluted loss per common share | |||||||||
Continuing operations (in dollars per share) | |||||||||
-1.27 | -0.93 | - | - | - | - | - | - | - | - |
Discontinued operations (in dollars per share) | |||||||||
-0.84 | -0.07 | - | - | - | - | - | - | - | - |
Net loss attributable to CTI Industries Corporation | |||||||||
-7,127 | -3,585 | -1,603 | 652 | - | 514 | 375 | 101 | 483 | 1,827 |
Diluted loss per common share (in dollars per share) | |||||||||
-2.10 | -1.00 | -0.44 | 0.18 | 0.30 | 0.15 | 0.11 | 0.03 | 0.15 | 0.60 |
Weighted average number of shares and equivalent shares of common stock outstanding: | |||||||||
Basic (in shares) | |||||||||
3,835 | 3,578 | 3,568 | 3,566 | 3,297 | 3,288 | 3,248 | 3,216 | 3,138 | 2,981 |
Diluted (in shares) | |||||||||
3,835 | 3,578 | 3,616 | 3,727 | - | - | 3,404 | 3,293 | 3,181 | 3,039 |
Weighted average number of common shares outstanding | |||||||||
3,835 | 3,578 | 3,568 | 3,566 | - | 3,288 | 3,248 | 3,216 | 3,138 | 2,981 |
Diluted (in shares) | |||||||||
3,835 | 3,578 | 3,616 | 3,727 | 3,437 | 3,439 | 3,404 | 3,293 | 3,181 | 3,039 |