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Midas Edge

YUNHONG GREEN CTI LTD.

For the period ended Sep 30, 2025. Filed Nov 13, 2025.

View on SEC.gov

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Sep 30, 2025 · Filed Nov 13, 2025

YHGJ$3.35-7.2%Stored close · as of Nov 10, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

See the whole filing, with its images and exhibits
Contents

Item 1. Unaudited Condensed Consolidated Balance Sheets

September 30,December 31,
20252024
ASSETS
Current assets:
Cash and cash equivalents$387,000$220,000
Accounts receivable, net2,691,0005,403,000
Inventories8,680,0008,493,000
Prepaid expenses184,000412,000
Total current assets11,942,00014,528,000
Property, plant and equipment:
Machinery and equipment22,347,00022,246,000
Office furniture and equipment2,122,0002,084,000
Intellectual property783,000783,000
Leasehold improvements39,00039,000
Fixtures and equipment518,000518,000
Projects under construction125,000196,000
Property, plant and equipment gross25,934,00025,866,000
Less: accumulated depreciation and amortization(21,436,000)(20,958,000)
Total property, plant and equipment, net4,498,0004,908,000
Other assets:
Operating lease right-of-use3,539,0003,950,000
Prepaid expenses, noncurrent2,192,0002,192,000
Total other assets5,731,0006,142,000
TOTAL ASSETS$22,171,000$25,578,000
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities:
Trade payables$1,749,000$1,537,000
Line of credit4,579,0006,578,000
Notes payable – current portion183,000606,000
Notes payable – related party344,000344,000
Operating lease liabilities – current portion564,000480,000
Advance investor deposit100,0001,050,000
Accrued liabilities722,000810,000
Total current liabilities8,241,00011,405,000
Long-term liabilities:
Note payable – noncurrent357,000-
Operating lease liabilities – noncurrent3,032,0003,470,000
Total long-term liabilities3,389,0003,470,000
TOTAL LIABILITIES$11,630,000$14,875,000
SHAREHOLDERS’ EQUITY
Series E Preferred Stock — no par value, 130,000 shares authorized, issued and outstanding at September 30, 2025 and December 31, 2024 (liquidation preference of $1,300,000)948,000864,000
Series F Preferred Stock — no par value, 70,000 shares authorized, issued and outstanding at September 30, 2025 and December 31, 2024 (liquidation preference of $700,000)510,000465,000
Common stock - no par value, 2,000,000,000 shares authorized, 2,776,788 and 2,599,185 shares issued, and 2,772,363 and 2,594,759 shares outstanding at September 30, 2025 and December 31, 2024, respectively28,765,00027,533,000
Additional paid-in-capital7,747,0007,858,000
Accumulated deficit(27,268,000)(25,856,000)
Less: Treasury stock, 4,426 shares, at cost(161,000)(161,000)
TOTAL SHAREHOLDERS’ EQUITY10,541,00010,703,000
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY$22,171,000$25,578,000

Reflects a 1-for-10 reverse stock split of the Company’s common stock, effective October 1, 2025

Yunhong Green CTI, LTD

Unaudited Condensed Consolidated Statements of Income (Loss)

For the Three Months Ended · For the Nine Months Ended
September 30,September 30,
2025202420252024
Net sales$2,953,000$2,540,000$13,212,000$11,788,000
Cost of sales2,886,0002,560,00011,301,00010,220,000
Gross profit67,000(20,000)1,911,0001,568,000
Operating expenses:
General and administrative869,000751,0002,462,0002,449,000
Selling37,00036,000109,000105,000
Advertising and marketing144,000184,000482,000528,000
Total operating expenses1,050,000971,0003,053,0003,082,000
Income (loss) from operations(983,000)(991,000)(1,142,000)(1,514,000)
Other (expense) income:
Interest expense(198,000)(201,000)(662,000)(655,000)
Other income/(expense)370,000(1,000)392,000(13,000)
Total other income (expense), net172,000(202,000)(270,000)(668,000)
Net loss$(811,000)$(1,193,000)$(1,412,000)$(2,182,000)
Deemed dividends on preferred stock(43,000)(28,000)(128,000)(98,000)
Net loss attributable to Yunhong CTI Ltd common shareholders$(854,000)$(1,221,000)$(1,540,000)$(2,280,000)
Basic income (loss) per common share$(0.31)$(0.47)$(0.58)$(1.01)
Diluted income (loss) per common share$(0.31)$(0.47)$(0.58)$(1.01)
Weighted average number of shares and equivalent shares of common stock outstanding:
Basic2,733,8632,584,8192,653,6382,251,727
Diluted2,733,8632,584,8192,653,6382,251,727

Reflects a 1-for-10 reverse stock split of the Company’s common stock, effective October 1, 2025

Yunhong Green CTI, Ltd

Unaudited Condensed Consolidated Statements of Cash Flows

For the Nine Months Ended September 30,
20252024
Cash flows from operating activities:
Net loss$(1,412,000)$(2,182,000)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:
Depreciation and amortization478,000181,000
Equity compensation expense18,000133,000
Change in assets and liabilities:
Accounts receivable2,712,0001,779,000
Inventories(187,000)(61,000)
Prepaid expenses and other assets228,000(23,000)
Trade payables212,000651,000
Advance investor deposit100,000-
Operating leases57,000-
Accrued liabilities94,000384,000
Net cash provided by (used in) operating activities2,300,000862,000
Cash flows from investing activities:
Purchases of property, plant and equipment(68,000)(302,000)
Net cash (used in) provided by investing activities(68,000)(302,000)
Cash flows from financing activities:
Receipt for preferred stock issuance-500,000
Repayment of note payable, related party-(1,000,000)
Repayment of note payable(66,000)(47,000)
Net advances (repayments) on revolving line of credit(1,999,000)(929,000)
Net cash provided by (used in) financing activities(2,065,000)(1,476,000)
Net increase (decrease) in cash and cash equivalents167,000(916,000)
Cash and cash equivalents at beginning of period220,000921,000
Cash and cash equivalents at end of period$387,000$5,000
Supplemental disclosure of cash flow information and noncash investing and financing activities:
Cash payments for interest$662,000$655,000
Accretion of dividends on preferred stock$129,000$98,000
Common stock issued in exchange for assets acquired-$6,250,000
Allocation of proceeds from preferred stock financing to the issuance of warrants for preferred stock-$814,000
Reclassification of advances upon issuances of preferred stock-$1,500,000
Conversion of advance received from investors into common stock$1,050,000-
Common stock issued in exchange for rent due to Icy Melon$182,000-

Yunhong Green CTI, Ltd

Unaudited Condensed Consolidated Statements of Shareholders’ Equity

Series E Preferred Stock · Series F Preferred Stock · Common Stock · Paid-in · Accumulated (Deficit) · Less Treasury Stock
SharesAmountSharesAmountSharesAmountCapitalEarningsSharesAmountTOTAL
Balance December 31, 2024130,000$864,00070,000$465,0002,599,185$27,533,000$7,858,000$(25,856,000)(4,426)$(161,000)$10,703,000
Series E Accrued Deemed Dividend-28,000---(28,000)----
Series F Accrued Deemed Dividend---15,000--(15,000)----
Common Stock Issuance for Rent---27,604182,000----182,000
Equity Compensation Charge------9,000---9,000
Net Loss-------(416,000)--(416,000)
Balance March 31, 2025130,000$892,00070,000$480,0002,626,788$27,715,000$7,824,000$(26,272,000)(4,426)$(161,000)$10,478,000
Series E Accrued Deemed Dividend-28,000---(28,000)----
Series F Accrued Deemed Dividend---15,000--(15,000)----
Common Stock Issuance for Advance Investor Deposit---150,0001,050,000----1,050,000
Equity Compensation Charge------8,000---8,000
Net Loss-------(185,000)--(185,000)
Balance June 30, 2025130,000$920,00070,000$495,0002,776,788$28,765,000$7,789,000$(26,457,000)(4,426)$(161,000)$11,351,000
Series E Accrued Deemed Dividend-28,000---(28,000)----
Series F Accrued Deemed Dividend---15,000--(15,000)----
Equity Compensation Charge------1,000---1,000
Net Loss-------(811,000)--(811,000)
Balance September 30, 2025130,000$948,00070,000$510,0002,776,788$28,765,000$7,747,000$(27,268,000)(4,426)$(161,000)$10,541,000

See accompanying notes to unaudited condensed consolidated financial statements.

Series E Preferred Stock · Series F Preferred Stock · Common Stock · Paid-in · Accumulated (Deficit) · Less Treasury Stock
Shares · Amount · Shares · Amount · Shares · Amount · Capital · Earnings · Shares · Amount · TOTAL
Balance December 31, 2023-$--$-2,081,560$21,283,000$6,967,000$(24,357,000)(4,426)$(161,000)$3,732,000
Series E Preferred Stock Issuance130,000771,000----529,000---1,300,000
Series F Preferred Stock Issuance--70,000415,000--285,000---700,000
Series E Accrued Deemed Dividend-9,000---(9,000)----
Series F Accrued Deemed Dividend---5,000--(5,000)----
Stock Issuance-----------
Common Stock Issued for Assets Acquired-----------
Stock Issuance - Vesting Milestone-----------
Equity Compensation Charge------122,000---122,000
Net Loss-------(576,000)--(576,000)
Balance March 31, 2024130,000$780,00070,000$420,0002,081,560$21,283,000$7,889,000$(24,933,000)(4,426)$(161,000)$5,278,000
Series E Accrued Deemed Dividend-36,000---(36,000)----
Series F Accrued Deemed Dividend---20,000--(20,000)----
Common Stock Issued for Assets Acquired----500,0006,250,000----6,250,000
Stock Issuance - Vesting Milestone----7,625------
Equity Compensation Charge------5,0001,000--6,000
Net Loss-------(414,000)--(414,000)
Balance June 30, 2024130,000$816,000$70,000$440,0002,589,185$27,533,000$7,838,000$(25,346,000)(4,426)$(161,000)$11,120,000
Series E Accrued Deemed Dividend-18,000---(18,000)----
Series F Accrued Deemed Dividend---10,000--(10,000)----
Equity Compensation Charge------6,000--6,000
Net Loss-------(1,193,000)--(1,193,000)
Balance September 30, 2024130,000$834,000$70,000$450,0002,589,185$27,533,000$7,816,000$(26,539,000)(4,426)$(161,000)$9,933,000

See accompanying notes to unaudited condensed consolidated financial statements.

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.