XML 23 R25.htm IDEA: XBRL DOCUMENT

Note 6 - Investments in Joint Ventures (Tables)

9 Months Ended

May. 31, 2015

Equity Method Investments and Joint Ventures [Abstract]

Condensed Balance Sheet [Table Text Block]

		At May 31, 2015
		Total				EXCOR				All Other
Current assets		$	49,454,666			$	22,205,218			$	27,249,448
Total assets			52,993,622				24,155,320				28,838,303
Current liabilities			12,368,822				3,298,480				9,070,342
Noncurrent liabilities			1,231,277				—				1,231,277
Joint ventures’ equity			39,393,523				20,856,840				18,536,683
Northern Technologies International Corporation’s share of joint ventures’ equity			19,644,767				10,428,422				9,216,345
Northern Technologies International Corporation’s share of joint ventures’ undistributed earnings		$	17,583,956			$	10,397,517			$	7,186,439

		At August 31, 2014
		Total				EXCOR				Tianjin Zerust				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]

		Nine Months Ended May 31, 2015
		Total				EXCOR				Tianjin Zerust				All Other
Net sales		$	75,974,770			$	27,580,051			$	3,735,457			$	44,659,262
Gross profit			37,469,186				15,113,100				1,783,673				20,572,413
Net income			9,634,318				6,334,009				265,648				3,034,661
Northern Technologies International Corporation’s share of equity in income of joint ventures		$	4,806,247			$	3,152,489			$	132,824			$	1,520,934

		Nine Months Ended May 31, 2014
		Total				EXCOR				Tianjin Zerust				All Other
Net sales		$	88,213,101			$	29,020,416			$	11,952,115			$	47,240,570
Gross profit			41,609,619				15,000,023				5,550,166				21,059,430
Net income			9,960,639				5,574,387				1,543,155				1,913,097
Northern Technologies International Corporation’s share of equity in income of joint ventures		$	4,416,664			$	2,787,048			$	659,684			$	969,932