XML 21 R25.htm IDEA: XBRL DOCUMENT v2.4.1.9
Note 6 - Investments in Joint Ventures (Tables)
3 Months Ended
Nov. 30, 2014
Equity Method Investments and Joint Ventures [Abstract]  
Condensed Balance Sheet [Table Text Block]
    At November 30, 2014  
   
Total
   
EXCOR
   
China
   
All Other
 
Current assets
  $ 63,676,926     $ 25,235,772     $ 10,271,450     $ 28,169,704  
Total assets
    67,341,357       27,164,361       10,289,207       29,887,789  
Current liabilities
    18,187,978       3,334,169       4,665,093       10,188,716  
Noncurrent liabilities
    2,497,563             868,779       1,628,784  
Joint ventures’ equity
    46,655,816       23,830,192       4,755,335       18,070,289  
Northern Technologies International Corporation’s share of joint ventures’ equity
    23,302,301       11,915,098       2,377,668       9,009,535  
Northern Technologies International Corporation’s share of joint ventures’ undistributed earnings
  $ 21,178,153     $ 11,884,193     $ 2,327,668     $ 6,966,292  
    At August 31, 2014  
   
Total
   
EXCOR
   
China
   
All Other
 
Current assets
  $ 61,491,957     $ 24,361,157     $ 9,774,680     $ 27,356,120  
Total assets
    65,466,964       26,652,165       9,793,803       29,020,996  
Current liabilities
    17,542,634       3,512,143       4,438,380       9,592,111  
Noncurrent liabilities
    1,929,488             868,377       1,061,111  
Joint ventures’ equity
    45,994,842       23,140,022       4,487,046       18,367,775  
Northern Technologies International Corporation’s share of joint ventures’ equity
    22,961,989       11,570,013       2,243,524       9,148,452  
Northern Technologies International Corporation’s share of joint ventures’ undistributed earnings
  $ 20,540,523     $ 11,539,108     $ 2,193,524     $ 6,807,891  
Condensed Income Statement [Table Text Block]
    Three Months Ended November 30, 2014  
   
Total
   
EXCOR
   
China
   
All Other
 
Net sales
  $ 29,120,852     $ 9,524,270     $ 3,735,457     $ 15,861,125  
Gross profit
    14,035,784       4,974,751       1,783,673       7,277,360  
Net income
    3,184,570       1,956,191       265,648       962,731  
Northern Technologies International Corporation’s share of equity in income of joint ventures
  $ 1,606,683     $ 978,096     $ 132,824     $ 495,763  
    Three Months Ended November 30, 2013  
   
Total
   
EXCOR
   
China
   
All Other
 
Net sales
  $ 29,661,218     $ 9,476,403     $ 4,294,138     $ 15,890,677  
Gross profit
    14,166,070       5,063,662       2,016,809       7,085,599  
Net income
    2,837,565       1,853,307       298,708       685,550  
Northern Technologies International Corporation’s share of equity in income of joint ventures
  $ 1,427,748     $ 926,654     $ 149,354     $ 351,740