YUNHONG GREEN CTI LTD
For the period ended Dec 31, 2023. Filed Mar 29, 2024.
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FY2023 · Filed Mar 29, 2024
YHGJ$3.40+9.3%Stored close · as of Nov 6, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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CONSOLIDATED BALANCE SHEETS
| December 31, 2023 | December 31, 2022 | |
|---|---|---|
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $921,000 | $146,000 |
| Accounts receivable, net | 3,975,000 | 1,618,000 |
| Inventories | 7,791,000 | 8,325,000 |
| Prepaid expenses | 332,000 | 389,000 |
| Other current assets | - | - |
| Total current assets | 13,019,000 | 10,478,000 |
| Property, plant and equipment: | ||
| Machinery and equipment | 17,940,000 | 17,723,000 |
| Office furniture and equipment | 2,084,000 | 2,084,000 |
| Intellectual property | 783,000 | 783,000 |
| Leasehold improvements | 39,000 | 39,000 |
| Fixtures and equipment at customer locations | 519,000 | 519,000 |
| Projects under construction | 112,000 | 108,000 |
| Property, plant and equipment, gross | 21,477,000 | 21,256,000 |
| Less : accumulated depreciation and amortization | (20,613,000) | (20,334,000) |
| Total property, plant and equipment, net | 864,000 | 922,000 |
| Other assets: | ||
| Operating lease right-of-use | 3,364,000 | 3,882,000 |
| Other assets | - | - |
| Total other assets | 3,364,000 | 3,882,000 |
| TOTAL ASSETS | 17,247,000 | 15,282,000 |
| LIABILITIES AND SHAREHOLDERS’ EQUITY | ||
| Current liabilities: | ||
| Trade payables | $917,000 | $1,313,000 |
| Line of credit | 4,991,000 | 2,878,000 |
| Notes payable - current portion | 140,000 | 289,000 |
| Notes payable - officers, subordinated | 1,344,000 | - |
| Operating lease liabilities | 522,000 | 518,000 |
| Accrued liabilities | 2,226,000 | 2,480,000 |
| Total current liabilities | 10,140,000 | 7,478,000 |
| Long-term liabilities: | ||
| Notes payable – net of current portion | 533,000 | 427,000 |
| Notes payable - officers, subordinated | - | 1,267,000 |
| Operating lease liabilities | 2,842,000 | 3,364,000 |
| Total long-term liabilities | 3,375,000 | 5,058,000 |
| TOTAL LIABILITIES | 13,515,000 | 12,536,000 |
| Equity: | ||
| Yunhong CTI, Ltd shareholders’ equity: | ||
| Series B Preferred Stock — no par value, none and 170,000 shares authorized, issued and outstanding at December 31, 2023 and 2022 respectively (liquidation preference - $1.7 million as of December 31, 2022) | - | 1,851,000 |
| Common stock - no par value, 2,000,000,000 and 50,000,000 shares authorized, 20,815,595 and 16,102,749 shares issued and 20,771,937 and 16,059,991 shares outstanding at December 31, 2023 and December 31, 2022 respectively | 21,283,000 | 21,283,000 |
| Paid-in-capital | 6,967,000 | 3,895,000 |
| Accumulated deficit | (24,357,000) | (24,122,000) |
| Less: Treasury stock, 43,658 shares | (161,000) | (161,000) |
| Total Yunhong CTI, Ltd Shareholders’ Equity | 3,732,000 | 2,746,000 |
| Total Shareholders’ Equity | 3,732,000 | 2,746,000 |
| TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY | $17,247,000 | $15,282,000 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.