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YUNHONG GREEN CTI LTD.
YHGJCIK 0001042187NasdaqNon-AcceleratedSmaller ReportingFabricated Rubber Products, NecIllinoisFY ends Dec 31
Period
FY 2025
Revenue
—
Net Income
$-2.53M
Total Assets
$22.46M
Equity
$8.56M
Shares Out
2.60M
Op. Cash Flow
$-172.0K
Business
YUNHONG GREEN CTI LTD. develops, produces, distributes and sells consumer and commercial film-based products, with an emphasis on flexible film technologies and novelty items. Its main products include foil and latex balloons, printed and laminated flexible packaging films, and balloon-inspired gift assemblies, with recent additions of compostable material samples. The company organizes operations around its novelty products, flexible film/packaging products, and balloon-inspired gift/other product lines. It markets and sells primarily in the United States and through distributors to retail chains, wholesalers, florists and international customers in Canada, Mexico and other countries.
Summary from filing dated 2025-04-15
Financials
Consolidated Statement of Income
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Net Sales | 20 | 18 | 18 | 18 | 24 | |
| Cost of Sales | 16 | 14 | 15 | 15 | 20 | |
| Gross profit | 4 | 4 | 3 | 3 | 4 | |
| General and administrative | 5 | 3 | 3 | 4 | 4 | |
| Selling | 147,000 | 141,000 | 131,000 | 136,000 | 132,000 | |
| Advertising and marketing | 555,000 | 676,000 | 531,000 | 402,000 | 323,000 | |
| Total operating expenses | 6 | 4 | 4 | 4 | 4 | |
| Loss from operations | −2 | −612,000 | −399,000 | −1 | −506,000 | |
| Interest expense | −878,000 | −862,000 | −628,000 | — | — | |
| Other income/(expense) | 398,000 | −25,000 | 792,000 | 103,000 | 195,000 | |
| Total other expense, net | −480,000 | −887,000 | 164,000 | −347,000 | −7 | |
| Net Loss | −3 | −1 | −235,000 | −1 | −8 | |
| Deemed dividends on preferred stock | −172,000 | −143,000 | −11,000 | — | — | |
| Net loss attributable to Yunhong CTI Ltd common shareholders | −3 | −2 | −246,000 | −2 | −12 | |
| Basic income (loss) per common share | −1.01 | −0.07 | −0.01 | −0.22 | −2.01 | |
| Diluted income (loss) per common share | −1.01 | −0.07 | −0.01 | −0.22 | −2.01 | |
| Basic | 3 | 2 | 20 | 9 | 6 | |
| Diluted | 3 | 2 | 20 | 9 | 6 |
Consolidated Balance Sheet
As of · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2022 2022-10-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 97,000 | 220,000 | 921,000 | 146,000 | — | |
| Accounts receivable, net | 6 | 5 | 4 | 2 | — | |
| Inventories | 9 | 8 | 8 | 8 | — | |
| Prepaid expenses | 283,000 | 412,000 | 332,000 | 389,000 | — | |
| Total current assets | 15 | 15 | 13 | 10 | — | |
| Machinery and equipment | 22 | 22 | 18 | 18 | — | |
| Office furniture and equipment | 2 | 2 | 2 | 2 | — | |
| Intellectual property | 783,000 | 783,000 | 783,000 | 783,000 | — | |
| Leasehold improvements | 39,000 | 39,000 | 39,000 | 39,000 | — | |
| Fixtures and equipment | 518,000 | 518,000 | 519,000 | 519,000 | — | |
| Projects under construction | 140,000 | 196,000 | 112,000 | 108,000 | — | |
| Property, plant and equipment gross | 26 | 26 | 21 | 21 | — | |
| Less: accumulated depreciation and amortization | −22 | −21 | −21 | −20 | — | |
| Total property, plant and equipment, net | 4 | 5 | 864,000 | 922,000 | — | |
| Operating lease right-of-use asset | 3 | 4 | 3 | 4 | — | |
| Prepaid expenses, noncurrent | — | 2 | — | — | — | |
| Total other assets | 3 | 6 | 3 | 4 | — | |
| TOTAL ASSETS | 22 | 26 | 17 | 15 | — | |
| Trade payables | 2 | 2 | 917,000 | 1 | — | |
| Line of credit | 7 | 7 | 5 | 3 | 1 | |
| Operating lease liabilities current portion | 596,000 | 480,000 | 522,000 | 518,000 | — | |
| Advance investor deposit | 150,000 | 1 | 2 | — | — | |
| Accrued liabilities | 950,000 | 810,000 | 726,000 | 2 | — | |
| Total current liabilities | 11 | 11 | 10 | 7 | — | |
| Notes payable net of current portion | 348,000 | — | 533,000 | 427,000 | — | |
| Operating lease liabilities noncurrent | 3 | 3 | 3 | 3 | — | |
| Total long-term liabilities | 3 | 3 | 3 | 5 | — | |
| TOTAL LIABILITIES | 14 | 15 | 14 | 13 | — | |
| Common stock - no par value, 2,000,000,000 shares authorized, 2,601,788 and 2,599,185 shares issued and 2,597,362 and 2,594,759 shares outstanding at December 31, 2025 and 2024, respectively | 28 | 28 | 21 | 21 | — | |
| Additional paid-in-capital | 8 | 8 | 7 | 4 | — | |
| Accumulated deficit | −28 | −26 | −24 | −24 | — | |
| Less: Treasury stock, 4,426 shares, at cost | −161,000 | −161,000 | −161,000 | −161,000 | — | |
| TOTAL SHAREHOLDERS EQUITY | 9 | 11 | 4 | 3 | — | |
| TOTAL LIABILITIES AND SHAREHOLDERS EQUITY | 22 | 26 | 17 | 15 | — |
Consolidated Statement of Cash Flows
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Depreciation and amortization | 641,000 | 345,000 | 279,000 | 383,000 | 462,000 | |
| Impairement of Hubei assets | 2 | — | — | — | — | |
| Issuance of common stock for consulting services | — | 60,000 | — | — | — | |
| Equity compensation charge | 25,000 | 160,000 | 21,000 | 162,000 | — | |
| Non-cash interest and fees | — | 116,000 | 103,000 | — | — | |
| Accounts receivable | −552,000 | −1 | −2 | 2 | −2 | |
| Inventories | −245,000 | −702,000 | 534,000 | −449,000 | −604,000 | |
| Prepaid expenses and other assets | 129,000 | −80,000 | 57,000 | 836,000 | 132,000 | |
| Trade payables | 140,000 | 620,000 | −396,000 | −819,000 | −1 | |
| Advance investor deposit | 150,000 | 1 | 2 | — | — | |
| Operating leases | 76,000 | — | — | — | −501,000 | |
| Accrued liabilities | 322,000 | 84,000 | −728,000 | 2 | −1,000 | |
| Net cash (used in) provided by operating activities | −172,000 | −1 | −1 | 2 | −4 | |
| Purchases of property, plant and equipment | 271,000 | −331,000 | — | — | — | |
| Net cash (used in) provided by investing activities | 271,000 | −331,000 | −221,000 | −163,000 | 3 | |
| Stock issuance | — | 500,000 | — | — | 3 | |
| Repayment of note payable, related party | — | −1 | — | — | — | |
| Repayment of note payable | −112,000 | −183,000 | 105,000 | — | — | |
| Net advances (repayments) on revolving line of credit | 244,000 | 2 | 2 | — | — | |
| Net cash provided by (used in) financing activities | 132,000 | 904,000 | 2 | −2 | 626,000 | |
| Net increase (decrease) in cash and cash equivalents | 231,000 | −701,000 | 775,000 | 80,000 | −256,000 | |
| Cash payments for interest | 878,000 | 862,000 | 551,000 | 375,000 | 491,000 | |
| Accretion of dividends on preferred stock | 172,000 | 143,000 | 11,000 | — | — | |
| Common stock issued in exchange for assets acquired | — | 6 | — | — | — | |
| Reduction of prepaid expense, in exchange for surrender of common stock | −874,000 | — | — | — | — | |
| 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 | — | 2 | — | — | — | |
| Conversion of advance received from investor into common stock | 1 | — | — | — | — | |
| Common stock issued in exchange for rent due to Icy Melon | 182,000 | — | — | — | — | |
| Conversion of preferred stock into common stock | — | 1 | 2 | 7 | — |
Filings
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