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$3.35-7.2%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 8. CONSOLIDATED STATEMENTS OF CASH FLOWS
Consolidated Statements of Cash Flows
| For the Year Ended December 31, | ||||
|---|---|---|---|---|
| 2023 · 2022 | ||||
| Cash flows from operating activities: | ||||
| Net loss | $(235,000) | $(1,467,000) | ||
| Adjustments to reconcile net loss to net cash provided by (used in) operating activites | ||||
| Depreciation and amortization | 279,000 | 383,000 | ||
| Equity compensation charge | 21,000 | 162,000 | ||
| Change in assets and liabilities: | ||||
| Accounts receivable | (2,357,000) | 1,825,000) | ||
| Inventories | 534,000 | (449,000) | ||
| Prepaid expenses and other assets | 57,000 | 836,000 | ||
| Trade payables | (396,000) | (819,000) | ||
| Accrued liabilities | 980,000 | 1,897,000) | ||
| Net cash (used in) provided by operating activities | (1,117,000) | 2,368,000) | ||
| Cash flows from investing activities: | ||||
| Purchases of property, plant and equipment | (221,000) | (163,000) | ||
| Proceeds from Sale of building | - | - | ||
| Net cash (used in) provided by investing activities | (221,000) | (163,000) | ||
| Cash flows from financing activities: | ||||
| Repayment of debt and revolving line of credit | - | (2,125,000) | ||
| Proceeds from issuance of long-term debt and revolving line of credit | 2,113,000 | - | ||
| Net cash provided by (used in) financing activities | 2,113,000 | (2,125,000) | ||
| Net increase (decrease) in cash and cash equivalents | 775,000 | 80,000 | ||
| Cash and cash equivalents at beginning of year | 146,000 | 66,000 | ||
| Cash and cash equivalents at end of year | $921,000 | $146,000 | ||
| The cash flows related to discontinued operations have not been segregated, and are included in the Consolidated Statements of Cash Flows. The cash and equivalents amounts presented above differ from cash and equivalents in the Consolidated Balance Sheets due to cash included in “Current assets of discontinued operations.” | ||||
| Supplemental disclosure of cash flow information: | ||||
| Cash payments for interest | $551,000 | $375,000 | ||
| Accrued dividend and accretion on preferred stock | $11,000 | $584,000 | ||
| Lease right-of-use assets and lease liability | $ | - | $747,000 | |
| Conversion of preferred stock into common stock | $1,500,000 | $6,745,000 | ||
| Conversion of notes and deposits into common stock | $1,202,000 | $ | - | |
| Cash receipts for tax refund | $ | - | $202,000 | |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.