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Note 2 - NTI ASEAN (Tables) | 6 Months Ended
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Feb. 28, 2013
Schedule of Purchase Price Allocation [Table Text Block] |
Net assets acquired (liabilities assumed): |  |  |
Cash and cash equivalents |  | $ | 1,613,000 |
Accounts receivables |  |  | 1,342,000 |
Investments in joint ventures |  |  | 4,967,000 |
Value of assets |  | $ | 7,922,000 |
Purchase price: |  |  |  |
Fair value of non-controlling interest |  | $ | 3,961,000 |
Value of previously held interest |  |  | 3,961,000 |
Total consideration |  | $ | 7,922,000 |
Business Acquisition, Pro Forma Information [Table Text Block] |
|  |  |  |  | NTI |  |  | Eliminated in |  |  |  |
|  | As Reported |  |  | Asean |  |  | Consolidation |  |  | Pro Forma |
Net sales |  | $ | 4,974,328 |  |  | $ | — |  |  | $ | — |  |  | $ | 4,974,328 |
Cost of goods sold |  |  | 3,480,082 |  |  |  | — |  |  |  | — |  |  |  | 3,480,082 |
Gross profit |  |  | 1,494,246 |  |  |  | — |  |  |  | — |  |  |  | 1,494,246 |
Joint venture operations |  |  | 2,522,801 |  |  |  | 868,382 |  |  |  | (322,654 | ) |  |  | 3,068,529 |
Operating expenses |  |  | 3,325,228 |  |  |  | 20,470 |  |  |  | — |  |  |  | 3,345,698 |
Operating income |  |  | 691,819 |  |  |  | 847,912 |  |  |  | (322,654 | ) |  |  | 1,217,077 |
Income before income tax expense |  |  | 703,991 |  |  |  | 847,912 |  |  |  | (322,654 | ) |  |  | 1,229,249 |
Income tax expense |  |  | 100,000 |  |  |  | 95,500 |  |  |  | — |  |  |  | 195,500 |
Net income |  |  | 603,991 |  |  |  | 752,412 |  |  |  | (322,654 | ) |  |  | 1,033,749 |
Net income attributable to non-controlling interest |  |  | (2,202 | ) |  |  | (300,965 | ) |  |  | — |  |  |  | (303,167 | )
Net income attributable to NTIC |  |  | 606,193 |  |  |  | 451,447 |  |  |  | (322,654 | ) |  |  | 734,804 |
Net income per common diluted share |  | $ | 0.13 |  |  | $ | 0.10 |  |  | $ | (0.08 | ) |  | $ | 0.16 |
|  |  |  |  | NTI |  |  | Eliminated in |  |  |  |
|  | As Reported |  |  | Asean |  |  | Consolidation |  |  | Pro Forma |
Net sales |  | $ | 9,806,442 |  |  | $ | — |  |  | $ | — |  |  | $ | 9,806,442 |
Cost of goods sold |  |  | 6,689,558 |  |  |  | — |  |  |  | — |  |  |  | 6,689,558 |
Gross profit |  |  | 3,116,884 |  |  |  | — |  |  |  | — |  |  |  | 3,116,884 |
Joint venture operations |  |  | 5,325,733 |  |  |  | 1,699,280 |  |  |  | (692,115 | ) |  |  | 6,332,898 |
Operating expenses |  |  | 6,718,296 |  |  |  | 23,135 |  |  |  | — |  |  |  | 6,741,431 |
Operating income |  |  | 1,724,321 |  |  |  | 1,676,145 |  |  |  | (692,115 | ) |  |  | 2,708,351 |
Income before income tax expense |  |  | 1,745,412 |  |  |  | 1,676,145 |  |  |  | (692,115 | ) |  |  | 2,729,442 |
Income tax expense |  |  | 206,000 |  |  |  | 184,811 |  |  |  | — |  |  |  | 390,811 |
Net income |  |  | 1,539,412 |  |  |  | 1,491,334 |  |  |  | (692,115 | ) |  |  | 2,338,631 |
Net income attributable to non-controlling interest |  |  | (25,538 | ) |  |  | (596,534 | ) |  |  | — |  |  |  | (622,072 | )
Net income attributable to NTIC |  |  | 1,564,950 |  |  |  | 894,800 |  |  |  | (692,115 | ) |  |  | 1,767,635 |
Net income per common diluted share |  | $ | 0.35 |  |  | $ | 0.20 |  |  | $ | (0.16 | ) |  | $ | 0.40 |

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- Definition Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(2)-(3) -URI http://asc.fasb.org/extlink&oid=7659399&loc=d3e1392-128463 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 141 -Paragraph 54 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 141 -Paragraph 55 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 141R -Paragraph 68 -Subparagraph r(2, 3) -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. + Details
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- Definition Tabular disclosure of all of the fair values of the purchase price and assets and liabilities acquired in a business combination. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 30 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=7488404&loc=d3e6927-128479 + Details
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