YUNHONG GREEN CTI LTD
For the period ended Dec 31, 2024. Filed Apr 15, 2025.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Apr 15, 2025
YHGJ$3.61+6.2%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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CONSOLIDATED BALANCE SHEETS
As of December 31
| 2024 | 2023 | |
|---|---|---|
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $220,000 | $921,000 |
| Accounts receivable, net | 5,403,000 | 3,975,000 |
| Inventories | 8,493,000 | 7,791,000 |
| Prepaid expenses | 412,000 | 332,000 |
| Total current assets | 14,528,000 | 13,019,000 |
| Property, plant and equipment: | ||
| Machinery and equipment | 22,246,000 | 17,940,000 |
| 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 | 518,000 | 519,000 |
| Projects under construction | 196,000 | 112,000 |
| Property, plant and equipment gross | 25,866,000 | 21,477,000 |
| Less: accumulated depreciation and amortization | (20,958,000) | (20,613,000) |
| Total property, plant and equipment, net | 4,908,000 | 864,000 |
| Other assets: | ||
| Operating lease right-of-use asset | 3,950,000 | 3,364,000 |
| Prepaid expenses, noncurrent | 2,192,000 | - |
| Total other assets | 6,142,000 | 3,364,000 |
| TOTAL ASSETS | $25,578,000 | $17,247,000 |
| LIABILITIES AND SHAREHOLDERS’ EQUITY | ||
| Current liabilities: | ||
| Trade payables | $1,537,000 | $917,000 |
| Line of credit | 6,578,000 | 4,991,000 |
| Notes payable - current portion | 606,000 | 140,000 |
| Notes payable related party | 344,000 | 1,344,000 |
| Operating lease liabilities – current portion | 480,000 | 522,000 |
| Advance investor deposit | 1,050,000 | 1,500,000 |
| Accrued liabilities | 810,000 | 726,000 |
| Total current liabilities | 11,405,000 | 10,140,000 |
| Long-term liabilities: | ||
| Notes payable – net of current portion | - | 533,000 |
| Operating lease liabilities – noncurrent | 3,470,000 | 2,842,000 |
| Total long-term liabilities | 3,470,000 | 3,375,000 |
| TOTAL LIABILITIES | $14,875,000 | $13,515,000 |
| SHAREHOLDERS’ EQUITY | ||
| Series E Preferred Stock — no par value, 130,000 shares authorized, 130,000 and none issued and outstanding at December 31, 2024 and 2023, respectively (liquidation preference of $1,300,000) | 864,000 | - |
| Series F Preferred Stock — no par value, 70,000 shares authorized, 70,000 and none issued and outstanding at December 31, 2024 and 2023, respectively (liquidation preference of $700,000) | 465,000 | - |
| Common stock - no par value, 2,000,000,000 shares authorized, 26,064,095 and 20,815,595 shares issued and 26,019,837 and 20,771,337 shares outstanding at December 31, 2024 and 2023, respectively | 27,533,000 | 21,283,000 |
| Additional paid-in-capital | 7,858,000 | 6,967,000 |
| Accumulated deficit | (25,856,000) | (24,357,000) |
| Less: Treasury stock, 44,258 shares, at cost | (161,000) | (161,000) |
| TOTAL SHAREHOLDERS’ EQUITY | 10,703,000 | 3,732,000 |
| TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY | $25,578,000 | $17,247,000 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.