<SEC-DOCUMENT>0001171843-16-013352.txt : 20161122
<SEC-HEADER>0001171843-16-013352.hdr.sgml : 20161122
<ACCEPTANCE-DATETIME>20161122154436
ACCESSION NUMBER:		0001171843-16-013352
CONFORMED SUBMISSION TYPE:	10-K
PUBLIC DOCUMENT COUNT:		98
CONFORMED PERIOD OF REPORT:	20160831
FILED AS OF DATE:		20161122
DATE AS OF CHANGE:		20161122

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			NORTHERN TECHNOLOGIES INTERNATIONAL CORP
		CENTRAL INDEX KEY:			0000875582
		STANDARD INDUSTRIAL CLASSIFICATION:	COATING, ENGRAVING & ALLIED SERVICES [3470]
		IRS NUMBER:				410857886
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0831

	FILING VALUES:
		FORM TYPE:		10-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-11038
		FILM NUMBER:		162013159

	BUSINESS ADDRESS:	
		STREET 1:		4201 WOODLAND ROAD
		STREET 2:		PO BOX 69
		CITY:			CIRCLE PINES
		STATE:			MN
		ZIP:			55014
		BUSINESS PHONE:		(763) 225-6601

	MAIL ADDRESS:	
		STREET 1:		4201 WOODLAND ROAD
		STREET 2:		PO BOX 69
		CITY:			CIRCLE PINES
		STATE:			MN
		ZIP:			55014

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	NORTHERN INSTRUMENTS CORP
		DATE OF NAME CHANGE:	19930328
</SEC-HEADER>
<DOCUMENT>
<TYPE>10-K
<SEQUENCE>1
<FILENAME>f10k_112216p.htm
<DESCRIPTION>FORM 10-K
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<p style="FONT-SIZE: 10pt; TEXT-TRANSFORM: uppercase; FONT-WEIGHT: bold; TEXT-ALIGN: center; MARGIN: 0pt 0px"><font style="FONT-SIZE: 12pt">UNITED STATES</font></p>
<p style="FONT-SIZE: 10pt; TEXT-TRANSFORM: uppercase; FONT-WEIGHT: bold; TEXT-ALIGN: center; MARGIN: 0pt 0px"><font style="FONT-SIZE: 12pt">SECURITIES AND EXCHANGE COMMISSION</font></p>
<p style="FONT-SIZE: 10pt; TEXT-ALIGN: center; MARGIN: 0pt 0px"><b>Washington, D.C. 20549</b></p>
<p style="FONT-SIZE: 10pt; TEXT-TRANSFORM: uppercase; FONT-WEIGHT: bold; TEXT-ALIGN: center; MARGIN: 0pt 0px">______________________________</p>
<p style="FONT-SIZE: 10pt; TEXT-TRANSFORM: uppercase; FONT-WEIGHT: bold; TEXT-ALIGN: center; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; TEXT-TRANSFORM: uppercase; FONT-WEIGHT: bold; TEXT-ALIGN: center; MARGIN: 0pt 0px"><font style="FONT-SIZE: 12pt">FORM 10-K</font></p>
<p style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; MARGIN: 0pt 0px">(Mark one)</p>
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<tr style="VERTICAL-ALIGN: top; TEXT-ALIGN: justify">
<td style="WIDTH: 15pt; TEXT-ALIGN: left">&#9746;</td>
<td style="WIDTH: 5pt">&nbsp;</td>
<td style="TEXT-ALIGN: justify"><font style="FONT-SIZE: 10pt"><b>ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934</b></font></td></tr></table>
<p style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; MARGIN: 0pt 0px 0pt 1.5in; TEXT-INDENT: -1.5in"><font style="FONT-SIZE: 10pt"><b>&nbsp;</b></font></p>
<p style="FONT-SIZE: 10pt; TEXT-ALIGN: center; MARGIN: 0pt 0px 0pt 1.5in; TEXT-INDENT: -1.5in"><b>For the fiscal year ended August 31, 2016</b></p>
<p style="FONT-SIZE: 10pt; TEXT-ALIGN: center; MARGIN: 0pt 0px 0pt 1.5in; TEXT-INDENT: -1.5in">&nbsp;</p>
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<tr style="VERTICAL-ALIGN: top; TEXT-ALIGN: justify">
<td style="WIDTH: 15pt; TEXT-ALIGN: left">&#9744;</td>
<td style="WIDTH: 5pt">&nbsp;</td>
<td style="TEXT-ALIGN: justify"><font style="FONT-SIZE: 10pt"><b>TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934</b></font></td></tr></table>
<p style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; MARGIN: 0pt 0px 0pt 1.5in; TEXT-INDENT: -1.5in">&nbsp;</p>
<p style="FONT-SIZE: 10pt; TEXT-ALIGN: center; MARGIN: 0pt 0px 0pt 1.5in; TEXT-INDENT: -1.5in">For the transition period from ________________ to __________________.</p>
<p style="FONT-SIZE: 10pt; TEXT-ALIGN: center; MARGIN: 0pt 0px 0pt 1.5in; TEXT-INDENT: -1.5in">&nbsp;</p>
<p style="FONT-SIZE: 10pt; TEXT-ALIGN: center; MARGIN: 0pt 0px"><b>Commission file number 001-11038</b></p>
<p style="FONT-SIZE: 10pt; TEXT-TRANSFORM: uppercase; FONT-WEIGHT: bold; TEXT-ALIGN: center; MARGIN: 0pt 0px"><i>____________________</i></p>
<p style="FONT-SIZE: 10pt; TEXT-TRANSFORM: uppercase; FONT-WEIGHT: bold; TEXT-ALIGN: center; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; TEXT-TRANSFORM: uppercase; FONT-WEIGHT: bold; TEXT-ALIGN: center; MARGIN: 0pt 0px"><font style="FONT-SIZE: 12pt">NORTHERN TECHNOLOGIES INTERNATIONAL CORPORATION</font></p>
<p style="FONT-SIZE: 10pt; TEXT-ALIGN: center; MARGIN: 0pt 0px">(Exact name of registrant as specified in its charter)</p>
<p style="FONT-SIZE: 10pt; TEXT-ALIGN: center; MARGIN: 0pt 0px">&nbsp;</p>
<table style="TEXT-INDENT: 0;FONT-SIZE: 10pt; WIDTH: 100%; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0">

<tr style="VERTICAL-ALIGN: top">
<td style="WIDTH: 54%">
<p style="FONT-SIZE: 10pt; TEXT-ALIGN: center; MARGIN: 0pt 0px"><b>Delaware</b></p>
<p style="FONT-SIZE: 10pt; TEXT-ALIGN: center; MARGIN: 0pt 0px">(State or other jurisdiction of incorporation or organization)</p></td>
<td style="WIDTH: 46%">
<p style="FONT-SIZE: 10pt; TEXT-ALIGN: center; MARGIN: 0pt 0px"><b>41-0857886</b></p>
<p style="FONT-SIZE: 10pt; TEXT-ALIGN: center; MARGIN: 0pt 0px">(I.R.S. Employer Identification No.)</p></td></tr>
<tr style="VERTICAL-ALIGN: top">
<td>&nbsp;</td>
<td>&nbsp;</td></tr>
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<td>
<p style="FONT-SIZE: 10pt; TEXT-ALIGN: center; MARGIN: 0pt 0px"><b>4201 Woodland Road</b></p>
<p style="FONT-SIZE: 10pt; TEXT-ALIGN: center; MARGIN: 0pt 0px"><b>P.O. Box 69</b></p>
<p style="FONT-SIZE: 10pt; TEXT-ALIGN: center; MARGIN: 0pt 0px"><b>Circle Pines, Minnesota</b></p>
<p style="FONT-SIZE: 10pt; TEXT-ALIGN: center; MARGIN: 0pt 0px">(Address of principal executive offices)</p></td>
<td>
<p style="FONT-SIZE: 10pt; TEXT-ALIGN: center; MARGIN: 0pt 0px"><b>&nbsp;</b></p>
<p style="FONT-SIZE: 10pt; TEXT-ALIGN: center; MARGIN: 0pt 0px"><b>&nbsp;</b></p>
<p style="FONT-SIZE: 10pt; TEXT-ALIGN: center; MARGIN: 0pt 0px"><b>55014</b></p>
<p style="FONT-SIZE: 10pt; TEXT-ALIGN: center; MARGIN: 0pt 0px">(Zip Code)</p></td></tr></table>
<p style="FONT-SIZE: 10pt; TEXT-ALIGN: center; MARGIN: 0pt 0px"><b>&nbsp;</b></p>
<p style="FONT-SIZE: 10pt; TEXT-ALIGN: center; MARGIN: 0pt 0px"><b>(763) 225-6600</b><br>(Registrant&#8217;s telephone number, including area code)</p>
<p style="FONT-SIZE: 10pt; TEXT-ALIGN: center; MARGIN: 0pt 0px">Securities registered under Section 12(b) of the Act:</p>
<p style="FONT-SIZE: 10pt; TEXT-ALIGN: center; MARGIN: 0pt 0px">&nbsp;</p>
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<td style="FONT-SIZE: 10pt; WIDTH: 55%; TEXT-ALIGN: center"><font style="FONT-SIZE: 10pt">Title of each class</font></td>
<td style="FONT-SIZE: 10pt; WIDTH: 45%; TEXT-ALIGN: center"><font style="FONT-SIZE: 10pt">Name of each exchange on which registered</font></td></tr>
<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: center"><font style="FONT-SIZE: 10pt"><b>Common Stock, par value $0.02 per share</b></font></td>
<td>
<p style="FONT-SIZE: 10pt; TEXT-ALIGN: center; MARGIN: 0pt 0px"><b>The NASDAQ Stock Market LLC</b></p>
<p style="FONT-SIZE: 10pt; TEXT-ALIGN: center; MARGIN: 0pt 0px"><b>(NASDAQ Global Market)</b></p></td></tr></table>
<p style="FONT-SIZE: 10pt; TEXT-ALIGN: center; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; TEXT-ALIGN: center; MARGIN: 0pt 0px">Securities registered under Section 12(g) of the Act:</p>
<p style="FONT-SIZE: 10pt; TEXT-ALIGN: center; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; TEXT-ALIGN: center; MARGIN: 0pt 0px"><b>None</b></p>
<p style="FONT-SIZE: 10pt; TEXT-ALIGN: center; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; MARGIN: 0pt 0px; TEXT-INDENT: 17.3pt">Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. YES &#9744;&nbsp;&nbsp;NO &#9746;</p>
<p style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; MARGIN: 0pt 0px; TEXT-INDENT: 17.3pt">&nbsp;</p>
<p style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; MARGIN: 0pt 0px; TEXT-INDENT: 17.1pt">Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. YES &#9744;&nbsp;&nbsp;NO &#9746;</p>
<p style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; MARGIN: 0pt 0px; TEXT-INDENT: 17.1pt">&nbsp;</p>
<p style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; MARGIN: 0pt 0px; TEXT-INDENT: 17.1pt">Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. YES &#9746;&nbsp;&nbsp;NO &#9744;</p>
<p style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; MARGIN: 0pt 0px; TEXT-INDENT: 17.1pt">&nbsp;</p>
<p style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; MARGIN: 0pt 0px; TEXT-INDENT: 17.1pt">Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (&#167; 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). YES &#9746;&nbsp;&nbsp;NO &#9744;</p>
<p style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; MARGIN: 0pt 0px; TEXT-INDENT: 17.1pt"><font style="FONT-FAMILY: Wingdings 2">&nbsp;</font></p>
<p style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; MARGIN: 0pt 40.95pt 0pt 0px; TEXT-INDENT: 17.1pt">Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K (&#167;229.405 of this chapter) is not contained herein, and will not be contained, to the best of registrant&#8217;s knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-K or any amendment to this Form 10-K. &#9746;</p>
<p style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; MARGIN: 0pt 40.95pt 0pt 0px; TEXT-INDENT: 17.1pt">&nbsp;</p>
<p style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; MARGIN: 0pt 0px; TEXT-INDENT: 17.3pt">Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See definitions of &#8220;large accelerated filer,&#8221; &#8220;accelerated filer&#8221; and &#8220;smaller reporting company&#8221; in Rule 12b-2 of the Exchange Act). (Check one):</p>
<p style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; MARGIN: 0pt 0px; TEXT-INDENT: 17.3pt">&nbsp;</p>
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<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; WIDTH: 24%; TEXT-ALIGN: center"><font style="FONT-SIZE: 10pt">Large accelerated filer &#9744;</font></td>
<td style="FONT-SIZE: 10pt; WIDTH: 15%; TEXT-ALIGN: center"><font style="FONT-SIZE: 10pt">Accelerated filer &#9744;</font></td>
<td style="WIDTH: 36%">
<p style="FONT-SIZE: 10pt; TEXT-ALIGN: center; MARGIN: 0pt 0px">Non-accelerated filer &#9744;</p>
<p style="FONT-SIZE: 10pt; TEXT-ALIGN: center; MARGIN: 0pt 0px">(Do not check if a smaller reporting company)</p></td>
<td style="FONT-SIZE: 10pt; WIDTH: 25%; TEXT-ALIGN: center"><font style="FONT-SIZE: 10pt">Smaller reporting company &#9746;</font></td></tr></table>
<p style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; MARGIN: 0pt 0px"></p>
<p style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; MARGIN: 0pt 0px; TEXT-INDENT: 17.1pt">&nbsp;</p>
<p style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; MARGIN: 0pt 0px; TEXT-INDENT: 17.1pt">Indicate by check mark whether registrant is a shell company (as defined in Rule 12b-2 of the Act). YES &#9744;&nbsp;&nbsp;NO &#9746;</p>
<p style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; MARGIN: 0pt 0px; TEXT-INDENT: 17.1pt">&nbsp;</p>
<p style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; MARGIN: 0pt 0px; TEXT-INDENT: 17.1pt">The aggregate market value of the registrant&#8217;s common stock, excluding shares beneficially owned by affiliates, computed by reference to the closing sales price at which the common stock was last sold as of February 29, 2016 (the last business day of the registrant&#8217;s second fiscal quarter) as reported by the NASDAQ Global Market on that date was $47.2 million.</p>
<p style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; MARGIN: 0pt 0px; TEXT-INDENT: 17.1pt">&nbsp;</p>
<p style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; MARGIN: 0pt 0px; TEXT-INDENT: 17.1pt">As of November 22, 2016, 4,535,070 shares of common stock of the registrant were outstanding.</p>
<p style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; MARGIN: 0pt 0px; TEXT-INDENT: 17.1pt">&nbsp;</p>
<p style="FONT-SIZE: 10pt; TEXT-TRANSFORM: uppercase; FONT-WEIGHT: bold; TEXT-ALIGN: center; MARGIN: 0pt 0px">DOCUMENTS INCORPORATED BY REFERENCE</p>
<p style="FONT-SIZE: 10pt; TEXT-TRANSFORM: uppercase; FONT-WEIGHT: bold; TEXT-ALIGN: center; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; MARGIN: 0pt 0px; TEXT-INDENT: 17.3pt">Part III of this Annual Report on Form 10-K incorporates by reference information (to the extent specific sections are referred to herein) from the registrant&#8217;s Proxy Statement for its 2017 Annual Meeting of Stockholders to be held January 13, 2017.</p>
<p style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; MARGIN: 0pt 0px; TEXT-INDENT: 17.3pt">&nbsp;</p>
<p style="FONT-SIZE: 10pt; TEXT-TRANSFORM: uppercase; FONT-WEIGHT: bold; TEXT-ALIGN: center; MARGIN: 0pt 0px"></p>
<div style="MARGIN-BOTTOM: 3pt; MARGIN-TOP: 3pt" align="center">
<div style="FONT-SIZE: 1pt; BORDER-TOP: black 1pt solid; WIDTH: 100%; BORDER-BOTTOM: black 1pt solid">&nbsp;</div></div>
<p style="FONT-SIZE: 10pt; TEXT-TRANSFORM: uppercase; FONT-WEIGHT: bold; TEXT-ALIGN: center; MARGIN: 0pt 0px"></p>
<p style="FONT-SIZE: 10pt; TEXT-TRANSFORM: uppercase; FONT-WEIGHT: bold; TEXT-ALIGN: center; MARGIN: 0pt 0px"></p>
<div style="MARGIN-BOTTOM: 6pt; BORDER-BOTTOM: black 4pt solid; MARGIN-TOP: 12pt">
<p style="MARGIN: 0pt">&nbsp;</p></div>
<div style="PAGE-BREAK-BEFORE: always; MARGIN-TOP: 6pt">&nbsp;</div>
<p style="FONT-SIZE: 10pt; TEXT-TRANSFORM: uppercase; FONT-WEIGHT: bold; TEXT-ALIGN: center; MARGIN: 0pt 0px">NORTHERN TECHNOLOGIES INTERNATIONAL CORPORATION</p>
<p style="FONT-SIZE: 10pt; TEXT-TRANSFORM: uppercase; FONT-WEIGHT: bold; TEXT-ALIGN: center; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; TEXT-TRANSFORM: uppercase; FONT-WEIGHT: bold; TEXT-ALIGN: center; MARGIN: 0pt 0px">ANNUAL REPORT ON FORM 10-K<br>FISCAL YEAR ENDED AUGUST 31, 2016</p>
<p style="FONT-SIZE: 10pt; TEXT-TRANSFORM: uppercase; FONT-WEIGHT: bold; TEXT-ALIGN: center; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; TEXT-TRANSFORM: uppercase; FONT-WEIGHT: bold; TEXT-ALIGN: center; MARGIN: 0pt 0px">table of contents</p>
<p style="FONT-SIZE: 10pt; TEXT-TRANSFORM: uppercase; FONT-WEIGHT: bold; TEXT-ALIGN: center; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; TEXT-TRANSFORM: uppercase; FONT-WEIGHT: bold; TEXT-ALIGN: center; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; TEXT-TRANSFORM: uppercase; FONT-WEIGHT: bold; TEXT-ALIGN: center; MARGIN: 0pt 0px"></p>
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<td style="WIDTH: 12%; VERTICAL-ALIGN: top; TEXT-ALIGN: left">&nbsp;</td>
<td style="WIDTH: 69%; VERTICAL-ALIGN: top; TEXT-ALIGN: left">&nbsp;</td>
<td style="TEXT-DECORATION: underline; WIDTH: 19%; VERTICAL-ALIGN: top; FONT-WEIGHT: bold; TEXT-ALIGN: center">Page</td></tr>
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<td style="VERTICAL-ALIGN: top; TEXT-ALIGN: left">&nbsp;</td>
<td style="VERTICAL-ALIGN: top; TEXT-ALIGN: left">&nbsp;</td>
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<td style="VERTICAL-ALIGN: top; TEXT-ALIGN: left"><a href="#a_001">PART I</a></td>
<td style="VERTICAL-ALIGN: top; TEXT-ALIGN: left">&nbsp;</td>
<td style="VERTICAL-ALIGN: top; TEXT-ALIGN: center"><a href="#a_001">1</a></td></tr>
<tr>
<td style="VERTICAL-ALIGN: top; TEXT-ALIGN: left">&nbsp;</td>
<td style="VERTICAL-ALIGN: top; TEXT-ALIGN: left">&nbsp;</td>
<td style="VERTICAL-ALIGN: top; TEXT-ALIGN: center">&nbsp;</td></tr>
<tr>
<td style="VERTICAL-ALIGN: top; TEXT-ALIGN: left; TEXT-INDENT: 20pt"><a href="#a_002">Item 1.</a></td>
<td style="VERTICAL-ALIGN: top; TEXT-ALIGN: left"><a href="#a_002">BUSINESS</a></td>
<td style="VERTICAL-ALIGN: top; TEXT-ALIGN: center"><a href="#a_002">1</a></td></tr>
<tr>
<td style="VERTICAL-ALIGN: top; TEXT-ALIGN: left; TEXT-INDENT: 20pt">&nbsp;</td>
<td style="VERTICAL-ALIGN: top; TEXT-ALIGN: left">&nbsp;</td>
<td style="VERTICAL-ALIGN: top; TEXT-ALIGN: center">&nbsp;</td></tr>
<tr>
<td style="VERTICAL-ALIGN: top; TEXT-ALIGN: left; TEXT-INDENT: 20pt"><a href="#a_003">Item 1A.</a></td>
<td style="VERTICAL-ALIGN: top; TEXT-ALIGN: left"><a href="#a_003">RISK FACTORS</a></td>
<td style="VERTICAL-ALIGN: top; TEXT-ALIGN: center"><a href="#a_003">16</a></td></tr>
<tr>
<td style="VERTICAL-ALIGN: top; TEXT-ALIGN: left; TEXT-INDENT: 20pt">&nbsp;</td>
<td style="VERTICAL-ALIGN: top; TEXT-ALIGN: left">&nbsp;</td>
<td style="VERTICAL-ALIGN: top; TEXT-ALIGN: center">&nbsp;</td></tr>
<tr>
<td style="VERTICAL-ALIGN: top; TEXT-ALIGN: left; TEXT-INDENT: 20pt"><a href="#a_004">Item 1B.</a></td>
<td style="VERTICAL-ALIGN: top; TEXT-ALIGN: left"><a href="#a_004">UNRESOLVED STAFF COMMENTS</a></td>
<td style="VERTICAL-ALIGN: top; TEXT-ALIGN: center"><a href="#a_004">31</a></td></tr>
<tr>
<td style="VERTICAL-ALIGN: top; TEXT-ALIGN: left; TEXT-INDENT: 20pt">&nbsp;</td>
<td style="VERTICAL-ALIGN: top; TEXT-ALIGN: left">&nbsp;</td>
<td style="VERTICAL-ALIGN: top; TEXT-ALIGN: center">&nbsp;</td></tr>
<tr>
<td style="VERTICAL-ALIGN: top; TEXT-ALIGN: left; TEXT-INDENT: 20pt"><a href="#a_005">Item 2.</a></td>
<td style="VERTICAL-ALIGN: top; TEXT-ALIGN: left"><a href="#a_005">PROPERTIES</a></td>
<td style="VERTICAL-ALIGN: top; TEXT-ALIGN: center"><a href="#a_005">32</a></td></tr>
<tr>
<td style="VERTICAL-ALIGN: top; TEXT-ALIGN: left; TEXT-INDENT: 20pt">&nbsp;</td>
<td style="VERTICAL-ALIGN: top; TEXT-ALIGN: left">&nbsp;</td>
<td style="VERTICAL-ALIGN: top; TEXT-ALIGN: center">&nbsp;</td></tr>
<tr>
<td style="VERTICAL-ALIGN: top; TEXT-ALIGN: left; TEXT-INDENT: 20pt"><a href="#a_006">Item 3.</a></td>
<td style="VERTICAL-ALIGN: top; TEXT-ALIGN: left"><a href="#a_006">LEGAL PROCEEDINGS</a></td>
<td style="VERTICAL-ALIGN: top; TEXT-ALIGN: center"><a href="#a_006">32</a></td></tr>
<tr>
<td style="VERTICAL-ALIGN: top; TEXT-ALIGN: left; TEXT-INDENT: 20pt">&nbsp;</td>
<td style="VERTICAL-ALIGN: top; TEXT-ALIGN: left">&nbsp;</td>
<td style="VERTICAL-ALIGN: top; TEXT-ALIGN: center">&nbsp;</td></tr>
<tr>
<td style="VERTICAL-ALIGN: top; TEXT-ALIGN: left; TEXT-INDENT: 20pt"><a href="#a_007">Item 4.</a></td>
<td style="VERTICAL-ALIGN: top; TEXT-ALIGN: left"><a href="#a_007">MINE SAFETY DISCLOSURES</a></td>
<td style="VERTICAL-ALIGN: top; TEXT-ALIGN: center"><a href="#a_007">32</a></td></tr>
<tr>
<td style="VERTICAL-ALIGN: top; TEXT-ALIGN: left; TEXT-INDENT: 20pt">&nbsp;</td>
<td style="VERTICAL-ALIGN: top; TEXT-ALIGN: left">&nbsp;</td>
<td style="VERTICAL-ALIGN: top; TEXT-ALIGN: center">&nbsp;</td></tr>
<tr>
<td style="VERTICAL-ALIGN: top; TEXT-ALIGN: left; TEXT-INDENT: 20pt"><a href="#a_008">Item 4A.</a></td>
<td style="VERTICAL-ALIGN: top; TEXT-ALIGN: left"><a href="#a_008">EXECUTIVE OFFICERS OF THE REGISTRANT</a></td>
<td style="VERTICAL-ALIGN: top; TEXT-ALIGN: center"><a href="#a_008">33</a></td></tr>
<tr>
<td style="VERTICAL-ALIGN: top; TEXT-ALIGN: left; TEXT-INDENT: 20pt">&nbsp;</td>
<td style="VERTICAL-ALIGN: top; TEXT-ALIGN: left">&nbsp;</td>
<td style="VERTICAL-ALIGN: top; TEXT-ALIGN: center">&nbsp;</td></tr>
<tr>
<td style="VERTICAL-ALIGN: top; TEXT-ALIGN: left"><a href="#a_009">PART II</a></td>
<td style="VERTICAL-ALIGN: top; TEXT-ALIGN: left">&nbsp;</td>
<td style="VERTICAL-ALIGN: top; TEXT-ALIGN: center"><a href="#a_009">35</a></td></tr>
<tr>
<td style="VERTICAL-ALIGN: top; TEXT-ALIGN: left">&nbsp;</td>
<td style="VERTICAL-ALIGN: top; TEXT-ALIGN: left">&nbsp;</td>
<td style="VERTICAL-ALIGN: top; TEXT-ALIGN: center">&nbsp;</td></tr>
<tr>
<td style="VERTICAL-ALIGN: top; TEXT-ALIGN: left; TEXT-INDENT: 20pt"><a href="#a_010">Item 5.</a></td>
<td style="VERTICAL-ALIGN: top; TEXT-ALIGN: left"><a href="#a_010">MARKET FOR REGISTRANT&#8217;S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES</a></td>
<td style="VERTICAL-ALIGN: top; TEXT-ALIGN: center"><a href="#a_010">35</a></td></tr>
<tr>
<td style="VERTICAL-ALIGN: top; TEXT-ALIGN: left; TEXT-INDENT: 20pt">&nbsp;</td>
<td style="VERTICAL-ALIGN: top; TEXT-ALIGN: left">&nbsp;</td>
<td style="VERTICAL-ALIGN: top; TEXT-ALIGN: center">&nbsp;</td></tr>
<tr>
<td style="VERTICAL-ALIGN: top; TEXT-ALIGN: left; TEXT-INDENT: 20pt"><a href="#a_011">Item 6.</a></td>
<td style="VERTICAL-ALIGN: top; TEXT-ALIGN: left"><a href="#a_011">SELECTED FINANCIAL DATA</a></td>
<td style="VERTICAL-ALIGN: top; TEXT-ALIGN: center"><a href="#a_011">37</a></td></tr>
<tr>
<td style="VERTICAL-ALIGN: top; TEXT-ALIGN: left; TEXT-INDENT: 20pt">&nbsp;</td>
<td style="VERTICAL-ALIGN: top; TEXT-ALIGN: left">&nbsp;</td>
<td style="VERTICAL-ALIGN: top; TEXT-ALIGN: center">&nbsp;</td></tr>
<tr>
<td style="VERTICAL-ALIGN: top; TEXT-ALIGN: left; TEXT-INDENT: 20pt"><a href="#a_012">Item 7.</a></td>
<td style="VERTICAL-ALIGN: top; TEXT-ALIGN: left"><a href="#a_012">MANAGEMENT&#8217;S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS</a></td>
<td style="VERTICAL-ALIGN: top; TEXT-ALIGN: center"><a href="#a_012">39</a></td></tr>
<tr>
<td style="VERTICAL-ALIGN: top; TEXT-ALIGN: left; TEXT-INDENT: 20pt">&nbsp;</td>
<td style="VERTICAL-ALIGN: top; TEXT-ALIGN: left">&nbsp;</td>
<td style="VERTICAL-ALIGN: top; TEXT-ALIGN: center">&nbsp;</td></tr>
<tr>
<td style="VERTICAL-ALIGN: top; TEXT-ALIGN: left; TEXT-INDENT: 20pt"><a href="#a_013">Item 7A.</a></td>
<td style="VERTICAL-ALIGN: top; TEXT-ALIGN: left"><a href="#a_013">QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK</a></td>
<td style="VERTICAL-ALIGN: top; TEXT-ALIGN: center"><a href="#a_013">56</a></td></tr>
<tr>
<td style="VERTICAL-ALIGN: top; TEXT-ALIGN: left; TEXT-INDENT: 20pt">&nbsp;</td>
<td style="VERTICAL-ALIGN: top; TEXT-ALIGN: left">&nbsp;</td>
<td style="VERTICAL-ALIGN: top; TEXT-ALIGN: center">&nbsp;</td></tr>
<tr>
<td style="VERTICAL-ALIGN: top; TEXT-ALIGN: left; TEXT-INDENT: 20pt"><a href="#a_014">Item 8.</a></td>
<td style="VERTICAL-ALIGN: top; TEXT-ALIGN: left"><a href="#a_014">FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA</a></td>
<td style="VERTICAL-ALIGN: top; TEXT-ALIGN: center"><a href="#a_014">57</a></td></tr>
<tr>
<td style="VERTICAL-ALIGN: top; TEXT-ALIGN: left; TEXT-INDENT: 20pt">&nbsp;</td>
<td style="VERTICAL-ALIGN: top; TEXT-ALIGN: left">&nbsp;</td>
<td style="VERTICAL-ALIGN: top; TEXT-ALIGN: center">&nbsp;</td></tr>
<tr>
<td style="VERTICAL-ALIGN: top; TEXT-ALIGN: left; TEXT-INDENT: 20pt"><a href="#a_022">Item 9.</a></td>
<td style="VERTICAL-ALIGN: top; TEXT-ALIGN: left"><a href="#a_022">CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING&nbsp;AND FINANCIAL DISCLOSURE</a></td>
<td style="VERTICAL-ALIGN: top; TEXT-ALIGN: center"><a href="#a_022">84</a></td></tr>
<tr>
<td style="VERTICAL-ALIGN: top; TEXT-ALIGN: left; TEXT-INDENT: 20pt">&nbsp;</td>
<td style="VERTICAL-ALIGN: top; TEXT-ALIGN: left">&nbsp;</td>
<td style="VERTICAL-ALIGN: top; TEXT-ALIGN: center">&nbsp;</td></tr>
<tr>
<td style="VERTICAL-ALIGN: top; TEXT-ALIGN: left; TEXT-INDENT: 20pt"><a href="#a_023">Item 9A.</a></td>
<td style="VERTICAL-ALIGN: top; TEXT-ALIGN: left"><a href="#a_023">CONTROLS AND PROCEDURES</a></td>
<td style="VERTICAL-ALIGN: top; TEXT-ALIGN: center"><a href="#a_023">84</a></td></tr>
<tr>
<td style="VERTICAL-ALIGN: top; TEXT-ALIGN: left; TEXT-INDENT: 20pt">&nbsp;</td>
<td style="VERTICAL-ALIGN: top; TEXT-ALIGN: left">&nbsp;</td>
<td style="VERTICAL-ALIGN: top; TEXT-ALIGN: center">&nbsp;</td></tr>
<tr>
<td style="VERTICAL-ALIGN: top; TEXT-ALIGN: left; TEXT-INDENT: 20pt"><a href="#a_024">Item 9B.</a></td>
<td style="VERTICAL-ALIGN: top; TEXT-ALIGN: left"><a href="#a_024">OTHER INFORMATION</a></td>
<td style="VERTICAL-ALIGN: top; TEXT-ALIGN: center"><a href="#a_024">84</a></td></tr>
<tr>
<td style="VERTICAL-ALIGN: top; TEXT-ALIGN: left; TEXT-INDENT: 20pt">&nbsp;</td>
<td style="VERTICAL-ALIGN: top; TEXT-ALIGN: left">&nbsp;</td>
<td style="VERTICAL-ALIGN: top; TEXT-ALIGN: center">&nbsp;</td></tr>
<tr>
<td style="VERTICAL-ALIGN: top; TEXT-ALIGN: left"><a href="#a_025">PART III</a></td>
<td style="VERTICAL-ALIGN: top; TEXT-ALIGN: left">&nbsp;</td>
<td style="VERTICAL-ALIGN: top; TEXT-ALIGN: center"><a href="#a_025">85</a></td></tr>
<tr>
<td style="VERTICAL-ALIGN: top; TEXT-ALIGN: left">&nbsp;</td>
<td style="VERTICAL-ALIGN: top; TEXT-ALIGN: left">&nbsp;</td>
<td style="VERTICAL-ALIGN: top; TEXT-ALIGN: center">&nbsp;</td></tr>
<tr>
<td style="VERTICAL-ALIGN: top; TEXT-ALIGN: left; TEXT-INDENT: 20pt"><a href="#a_026">Item 10.</a></td>
<td style="VERTICAL-ALIGN: top; TEXT-ALIGN: left"><a href="#a_026">DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE</a></td>
<td style="VERTICAL-ALIGN: top; TEXT-ALIGN: center"><a href="#a_026">85</a></td></tr>
<tr>
<td style="VERTICAL-ALIGN: top; TEXT-ALIGN: left; TEXT-INDENT: 20pt">&nbsp;</td>
<td style="VERTICAL-ALIGN: top; TEXT-ALIGN: left">&nbsp;</td>
<td style="VERTICAL-ALIGN: top; TEXT-ALIGN: center">&nbsp;</td></tr>
<tr>
<td style="VERTICAL-ALIGN: top; TEXT-ALIGN: left; TEXT-INDENT: 20pt"><a href="#a_027">Item 11.</a></td>
<td style="VERTICAL-ALIGN: top; TEXT-ALIGN: left"><a href="#a_027">EXECUTIVE COMPENSATION</a></td>
<td style="VERTICAL-ALIGN: top; TEXT-ALIGN: center"><a href="#a_027">85</a></td></tr>
<tr>
<td style="VERTICAL-ALIGN: top; TEXT-ALIGN: left; TEXT-INDENT: 20pt">&nbsp;</td>
<td style="VERTICAL-ALIGN: top; TEXT-ALIGN: left">&nbsp;</td>
<td style="VERTICAL-ALIGN: top; TEXT-ALIGN: center">&nbsp;</td></tr>
<tr>
<td style="VERTICAL-ALIGN: top; TEXT-ALIGN: left; TEXT-INDENT: 20pt"><a href="#a_028">Item 12.</a></td>
<td style="VERTICAL-ALIGN: top; TEXT-ALIGN: left"><a href="#a_028">SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS</a></td>
<td style="VERTICAL-ALIGN: top; TEXT-ALIGN: center"><a href="#a_028">86</a></td></tr>
<tr>
<td style="VERTICAL-ALIGN: top; TEXT-ALIGN: left">&nbsp;</td>
<td style="VERTICAL-ALIGN: top; TEXT-ALIGN: left">&nbsp;</td>
<td style="VERTICAL-ALIGN: top; TEXT-ALIGN: center">&nbsp;</td></tr></table>
<p style="MARGIN: 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; TEXT-TRANSFORM: uppercase; FONT-WEIGHT: bold; TEXT-ALIGN: center; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; TEXT-TRANSFORM: uppercase; FONT-WEIGHT: bold; TEXT-ALIGN: center; MARGIN: 0pt 0px"></p>
<p style="FONT-SIZE: 10pt; TEXT-ALIGN: right; MARGIN: 0pt 0px; TEXT-INDENT: 481.5pt"></p>
<div style="MARGIN-BOTTOM: 6pt; BORDER-BOTTOM: black 4pt solid; MARGIN-TOP: 12pt">
<p style="MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center; MARGIN-TOP: 0pt">&nbsp;i</p></div>
<div style="PAGE-BREAK-BEFORE: always; MARGIN-TOP: 6pt">&nbsp;</div>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"><i>&nbsp;</i></p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"><i></i></p>
<table style="TEXT-INDENT: 0;FONT-SIZE: 10pt; WIDTH: 100%; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" border="0">

<tr>
<td style="WIDTH: 12%; VERTICAL-ALIGN: top; TEXT-ALIGN: left">&nbsp;</td>
<td style="WIDTH: 69%; VERTICAL-ALIGN: top; TEXT-ALIGN: left">&nbsp;</td>
<td style="TEXT-DECORATION: underline; WIDTH: 19%; VERTICAL-ALIGN: top; FONT-WEIGHT: bold; TEXT-ALIGN: center">Page</td></tr>
<tr>
<td style="VERTICAL-ALIGN: top; TEXT-ALIGN: left; TEXT-INDENT: 20pt">&nbsp;</td>
<td style="VERTICAL-ALIGN: top; TEXT-ALIGN: left">&nbsp;</td>
<td style="VERTICAL-ALIGN: top; TEXT-ALIGN: center">&nbsp;</td></tr>
<tr>
<td style="VERTICAL-ALIGN: top; TEXT-ALIGN: left; TEXT-INDENT: 20pt"><a href="#a_029">Item 13.</a></td>
<td style="VERTICAL-ALIGN: top; TEXT-ALIGN: left"><a href="#a_029">CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR INDEPENDENCE</a></td>
<td style="VERTICAL-ALIGN: top; TEXT-ALIGN: center"><a href="#a_029">87</a></td></tr>
<tr>
<td style="VERTICAL-ALIGN: top; TEXT-ALIGN: left; TEXT-INDENT: 20pt">&nbsp;</td>
<td style="VERTICAL-ALIGN: top; TEXT-ALIGN: left">&nbsp;</td>
<td style="VERTICAL-ALIGN: top; TEXT-ALIGN: center">&nbsp;</td></tr>
<tr>
<td style="VERTICAL-ALIGN: top; TEXT-ALIGN: left; TEXT-INDENT: 20pt"><a href="#a_030">Item 14.</a></td>
<td style="VERTICAL-ALIGN: top; TEXT-ALIGN: left"><a href="#a_030">PRINCIPAL ACCOUNTING FEES AND SERVICES</a></td>
<td style="VERTICAL-ALIGN: top; TEXT-ALIGN: center"><a href="#a_030">87</a></td></tr>
<tr>
<td style="VERTICAL-ALIGN: top; TEXT-ALIGN: left; TEXT-INDENT: 20pt">&nbsp;</td>
<td style="VERTICAL-ALIGN: top; TEXT-ALIGN: left">&nbsp;</td>
<td style="VERTICAL-ALIGN: top; TEXT-ALIGN: center">&nbsp;</td></tr>
<tr>
<td style="VERTICAL-ALIGN: top; TEXT-ALIGN: left"><a href="#a_031">PART IV</a></td>
<td style="VERTICAL-ALIGN: top; TEXT-ALIGN: left">&nbsp;</td>
<td style="VERTICAL-ALIGN: top; TEXT-ALIGN: center"><a href="#a_031">88</a></td></tr>
<tr>
<td style="VERTICAL-ALIGN: top; TEXT-ALIGN: left">&nbsp;</td>
<td style="VERTICAL-ALIGN: top; TEXT-ALIGN: left">&nbsp;</td>
<td style="VERTICAL-ALIGN: top; TEXT-ALIGN: center">&nbsp;</td></tr>
<tr>
<td style="VERTICAL-ALIGN: top; TEXT-ALIGN: left; TEXT-INDENT: 20pt"><a href="#a_032">Item 15.</a></td>
<td style="VERTICAL-ALIGN: top; TEXT-ALIGN: left"><a href="#a_032">EXHIBITS, FINANCIAL STATEMENT SCHEDULES</a></td>
<td style="VERTICAL-ALIGN: top; TEXT-ALIGN: center"><a href="#a_032">88</a></td></tr>
<tr>
<td style="VERTICAL-ALIGN: top; TEXT-ALIGN: left; TEXT-INDENT: 20pt">&nbsp;</td>
<td style="VERTICAL-ALIGN: top; TEXT-ALIGN: left">&nbsp;</td>
<td style="VERTICAL-ALIGN: top; TEXT-ALIGN: center">&nbsp;</td></tr>
<tr>
<td style="VERTICAL-ALIGN: top; TEXT-ALIGN: left"><a href="#a_033">SIGNATURES</a></td>
<td style="VERTICAL-ALIGN: top; TEXT-ALIGN: left">&nbsp;</td>
<td style="VERTICAL-ALIGN: top; TEXT-ALIGN: center"><a href="#a_033">89</a></td></tr></table>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"><i></i></p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"><i>&nbsp;</i></p>
<p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; TEXT-ALIGN: center; MARGIN-TOP: 0pt"><i>_____________</i></p>
<p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; TEXT-ALIGN: center; MARGIN-TOP: 0pt"><i>&nbsp;</i></p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"><i>This annual report on Form 10-K contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and are subject to the safe harbor created by those sections. For more information, see &#8220;Part I. Item 1. Business &#8211; Forward-Looking Statements.&#8221;</i></p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"><i>As used in this report, references to &#8220;NTIC,&#8221; the &#8220;Company,&#8221; &#8220;we,&#8221; &#8220;our&#8221; or &#8220;us,&#8221; unless the context otherwise requires, refer to Northern Technologies International Corporation and its wholly-owned and majority-owned subsidiaries, all of which are consolidated on NTIC&#8217;s consolidated financial statements. </i></p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"><i>NTIC&#8217;s consolidated financial statements do not include the accounts of any of its joint ventures. Except as otherwise indicated, references in this report to NTIC&#8217;s joint ventures do not include NTIC&#8217;s wholly-owned or majority-owned subsidiaries.</i></p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"><i>As used in this report, references to &#8220;NTIC China&#8221; refer to NTIC&#8217;s wholly-owned subsidiary in China, NTIC (Shanghai) Co., Ltd. </i></p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"><i>As used in this report, references to &#8220;Tianjin Zerust&#8221; refer to NTIC&#8217;s former joint venture in China, Tianjin-Zerust Anticorrosion Co., Ltd.</i></p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"><i>As used in this report, references to &#8220;NTI Asean&#8221; refer to NTIC&#8217;s majority-owned holding company subsidiary, NTI Asean LLC, that holds investments in eight entities that operate in the Association of Southeast Asian Nations (ASEAN) region, including the following countries: China (although the joint venture agreements for the Chinese joint venture were terminated as of December 31, 2014 and liquidation of this joint venture is anticipated), Indonesia, Korea, Malaysia, Philippines, Singapore, Taiwan and Thailand.</i></p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"><i>As used in this report, references to &#8220;Natur-Tec India&#8221; refer to NTIC&#8217;s majority-owned subsidiary in India, Natur-Tec India Private Limited.</i></p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"><i>As used in this report, references to &#8220;Zerust Brazil&#8221; refer to NTIC&#8217;s majority-owned Brazilian subsidiary, Zerust Preven&#231;&#227;o de Corros&#227;o S.A. </i></p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"><i>As used in this report, references to &#8220;Zerust Mexico&#8221; refer to NTIC&#8217;s wholly-owned subsidiary in Mexico, ZERUST-EXCOR MEXICO, S. de R.L. de C.V. </i></p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"><i>As used in this report, references to &#8220;EXCOR&#8221; refer to NTIC&#8217;s joint venture in Germany, Excor Korrosionsschutz &#8211; Technologien und Produkte GmbH.</i></p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"><i>All trademarks, trade names or service marks referred to in this report are the property of their respective owners.</i></p>
<p style="FONT-SIZE: 10pt; TEXT-TRANSFORM: uppercase; FONT-WEIGHT: bold; TEXT-ALIGN: center; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; TEXT-TRANSFORM: uppercase; FONT-WEIGHT: bold; TEXT-ALIGN: center; MARGIN: 0pt 0px"></p>
<div style="MARGIN-BOTTOM: 6pt; BORDER-BOTTOM: black 4pt solid; MARGIN-TOP: 12pt">
<p style="MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center; MARGIN-TOP: 0pt">&nbsp;ii</p></div>
<div style="PAGE-BREAK-BEFORE: always; MARGIN-TOP: 6pt">&nbsp;</div>
<p style="FONT-SIZE: 10pt; TEXT-TRANSFORM: uppercase; FONT-WEIGHT: bold; TEXT-ALIGN: center; MARGIN: 0pt 0px"><a name="a_001"></a>PART I</p>
<p style="FONT-SIZE: 10pt; TEXT-TRANSFORM: uppercase; FONT-WEIGHT: bold; TEXT-ALIGN: center; MARGIN: 0pt 0px">&nbsp;</p>
<p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-WEIGHT: bold; TEXT-ALIGN: left; MARGIN-TOP: 0pt"><a name="a_002"></a>Item 1. BUSINESS</p>
<p style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; MARGIN: 0pt 0px 0pt 0.7in; TEXT-INDENT: -0.7in">&nbsp;</p>
<p style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; MARGIN: 0pt 0px">Overview</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Northern Technologies International Corporation (NTIC) develops
and markets proprietary environmentally beneficial products and services in over 60 countries either directly or via a network
of subsidiaries, joint ventures, independent distributors and agents. NTIC&#8217;s primary business is corrosion prevention marketed
mainly under the ZERUST<sup>&#174;</sup> and EXCOR<sup>&#174;</sup> brands (collectively &#8220;ZERUST<sup>&#174;</sup>&#8221;). NTIC
has been selling corrosion prevention products and services to the automotive, electronics, electrical, mechanical, military and
retail consumer markets for over 40 years, and in recent years, has targeted and expanded into the oil and gas industry. NTIC also
markets and sells a portfolio of biobased and certified compostable (fully biodegradable) polymer resin compounds and finished
products under the Natur-Tec<sup>&#174;</sup> brand. These products are intended to reduce the carbon footprint of NTIC&#8217;s
customers and provide environmentally sound waste disposal options.</p>


<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">NTIC&#8217;s ZERUST<sup>&#174;</sup> rust and corrosion inhibiting
products include plastic and paper packaging, liquids and coatings, rust removers and cleaners, diffusers and engineered solutions
designed specifically for the oil and gas industry. NTIC also offers worldwide on-site technical consulting for rust and corrosion
prevention issues. NTIC&#8217;s technical service consultants work directly with the end users of NTIC&#8217;s ZERUST<sup>&#174;</sup>
rust and corrosion inhibiting products to analyze their specific needs and develop systems to meet their technical requirements.
In North America, NTIC sells its ZERUST<sup>&#174;</sup> corrosion prevention solutions through a network of independent distributors
and agents supported by a direct sales force. Internationally, NTIC sells its ZERUST<sup>&#174;</sup> corrosion prevention solutions
through its wholly-owned subsidiary in China, NTIC (Shanghai) Co., Ltd. (NTIC China), its majority-owned joint venture holding
company for NTIC&#8217;s joint venture investments in the Association of Southeast Asian Nations (ASEAN) region, its majority-owned
subsidiary in Brazil, Zerust Preven&#231;&#227;o de Corros&#227;o S.A. (Zerust Brazil), and its wholly-owned subsidiary in
Mexico, ZERUST-EXCOR MEXICO, S. de R.L. de C.V (Zerust Mexico), and joint venture arrangements in North America, Europe and Asia.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">One of NTIC&#8217;s strategic initiatives is to expand into
and penetrate other markets for its corrosion prevention solutions. Consequently, for the past several years, NTIC has focused
significant sales and marketing efforts on the oil and gas industry, as the infrastructure that supports that industry is typically
constructed using metals that are highly susceptible to corrosion. NTIC believes that its ZERUST<sup>&#174;</sup> corrosion prevention
solutions will minimize maintenance downtime on critical oil and gas industry infrastructure, extend the life of such infrastructure
and reduce the risk of environmental pollution due to corrosion leaks.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>


<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">NTIC markets and sells its ZERUST<sup>&#174;</sup> rust and corrosion
prevention solutions to customers in the oil and gas industry across several countries either directly, through its subsidiaries
or through its joint venture partners and other strategic partners. The sale of ZERUST<sup>&#174;</sup> corrosion prevention solutions
to customers in the oil and gas industry typically involves a long sales cycle, often including a one- to multi-year trial period
with each customer and a slow integration process thereafter.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>



<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Natur-Tec<sup>&#174;</sup> biobased and compostable plastic resin
compounds are manufactured using NTIC&#8217;s patented and/or proprietary technologies and are intended to replace conventional
petroleum-based plastics. The Natur-Tec<sup>&#174;</sup> biopolymer resin compound portfolio includes formulations that have been
optimized for a variety of applications including blown-film extrusion, extrusion coating, injection molding, and engineered plastics.
These resins are certified to be fully biodegradable in a composting environment and are currently being used to produce finished
products including can liners, shopping and grocery bags, lawn and leaf bags, pet waste collection bags, cutlery and coated paper
products. In North America, NTIC markets its Natur-Tec<sup>&#174;</sup> resins and finished products primarily through a network
of regional and national distributors as well as independent agents. NTIC continues to see significant opportunities for finished
bioplastic products and, therefore, continues to strengthen and expand its North American distribution network for finished Natur-Tec<sup>&#174;</sup>
bioplastic products. Internationally, NTIC sells its Natur-Tec<sup>&#174;</sup> resins and finished products both directly and through
its majority-owned subsidiary in India, Natur-Tec India Private Limited (Natur-Tec India), and through certain joint ventures,
distributors and agents.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>



<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"></p>
<div style="MARGIN-BOTTOM: 6pt; BORDER-BOTTOM: black 4pt solid; MARGIN-TOP: 12pt">
<table style="TEXT-INDENT: 0;FONT-SIZE: 10pt; WIDTH: 100%; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0">

<tr style="VERTICAL-ALIGN: top; TEXT-ALIGN: left">
<td style="WIDTH: 100%; TEXT-ALIGN: center">1</td></tr></table></div>
<div style="PAGE-BREAK-BEFORE: always; MARGIN-TOP: 6pt">&nbsp;</div>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"><b>NTIC&#8217;s Subsidiaries</b></p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">NTIC has ownership interests in five (5) subsidiaries in North
America, Europe and Asia. The following table sets forth a list of NTIC&#8217;s operating subsidiaries as of November 15, 2016,
the country in which the subsidiary is organized and NTIC&#8217;s ownership percentage in each subsidiary:</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>


<table style="TEXT-INDENT: 0;WIDTH: 100%; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0">

<tr style="VERTICAL-ALIGN: bottom">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center">Joint Venture Name</td>
<td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3">Country</td>
<td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3">NTIC <br>Percent (%) Ownership</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; WIDTH: 74%; TEXT-ALIGN: justify; TEXT-INDENT: 0.1pt">NTIC (Shanghai) Co., Ltd</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&nbsp;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: center">&nbsp;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: center"><font style="FONT-SIZE: 10pt">China</font></td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: center">&nbsp;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&nbsp;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 6%; TEXT-ALIGN: right">100</td>
<td style="FONT-SIZE: 10pt; WIDTH: 5%; TEXT-ALIGN: left">%</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; TEXT-INDENT: 0.1pt">NTI Asean LLC</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: center">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: center" nowrap><font style="FONT-SIZE: 10pt">United States</font></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: center">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">60</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">%</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; TEXT-INDENT: 0.1pt">Zerust Preven&#231;&#227;o de Corros&#227;o S.A.</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: center">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: center"><font style="FONT-SIZE: 10pt">Brazil</font></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: center">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">85</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">%</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left; TEXT-INDENT: 0.1pt">ZERUST-EXCOR MEXICO, S. de R.L. de C.V</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: center">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: center"><font style="FONT-SIZE: 10pt">Mexico</font></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: center">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">100</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">%</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left; TEXT-INDENT: 0.1pt">Natur-Tec India Private Limited</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: center">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: center"><font style="FONT-SIZE: 10pt">India</font></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: center">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">90</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">%</td></tr></table>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"><b>&nbsp;</b></p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">The results of NTIC China, Zerust Brazil, NTI Asean and Natur-Tec India, and as of August 31, 2016, Zerust Mexico, are fully consolidated in NTIC&#8217;s consolidated financial statements.</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"><b>NTIC&#8217;s Joint Venture Network</b></p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">NTIC participates in twenty (20) active joint venture arrangements in North America, Europe and Asia. Each
of these joint ventures generally manufactures and markets products in the geographic territory to which it is assigned. NTIC has
historically funded its investments in joint ventures with cash generated from operations.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>


<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">The following table sets forth a list of NTIC&#8217;s operating joint ventures as of November 15, 2016, the country in which the joint venture is organized and NTIC&#8217;s ownership percentage in each joint venture:</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<table style="TEXT-INDENT: 0;WIDTH: 100%; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0">

<tr style="VERTICAL-ALIGN: bottom">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center">Joint Venture Name</td>
<td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3">Country</td>
<td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3">NTIC <br>Percent (%) Ownership</td></tr>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; WIDTH: 74%; TEXT-ALIGN: justify; TEXT-INDENT: 0.1pt">TAIYONIC LTD.</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&nbsp;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: center">&nbsp;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: center"><font style="FONT-SIZE: 10pt">Japan</font></td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: center">&nbsp;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&nbsp;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 5%; TEXT-ALIGN: right">50</td>
<td style="FONT-SIZE: 10pt; WIDTH: 6%; TEXT-ALIGN: left">%</td></tr>
<TR STYLE="vertical-align: bottom; background-color: White">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; TEXT-INDENT: 0.1pt">ACOBAL SAS</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: center">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: center"><font style="FONT-SIZE: 10pt">France</font></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: center">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">50</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">%</td></tr>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; TEXT-INDENT: 0.1pt">ZERUST-NIC (TAIWAN) CORP.</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: center">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: center"><font style="FONT-SIZE: 10pt">Taiwan <sup style="vertical-align: baseline; position: relative; bottom:.33em;">(1)</sup></font></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: center">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">30</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">%</td></tr>
<TR STYLE="vertical-align: bottom; background-color: White">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt">EXCOR KORROSIONSSCHUTZ &#8211; TECHNOLOGIEN UND <br>PRODUKTE GMBH</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: center">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: center">
<p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; TEXT-ALIGN: center; MARGIN-TOP: 0pt">&nbsp;</p>
<p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; TEXT-ALIGN: center; MARGIN-TOP: 0pt">Germany</p></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: center">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">50</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">%</td></tr>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; TEXT-INDENT: 0.1pt">ZERUST SINGAPORE PTE. LTD</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: center">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: center" nowrap><font style="FONT-SIZE: 10pt">Singapore <sup style="vertical-align: baseline; position: relative; bottom:.33em;">(1)</sup></font></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: center">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">60</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">%</td></tr>
<TR STYLE="vertical-align: bottom; background-color: White">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; TEXT-INDENT: 0.1pt">ZERUST AB</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: center">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: center"><font style="FONT-SIZE: 10pt">Sweden</font></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: center">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">50</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">%</td></tr>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; TEXT-INDENT: 0.1pt">MOSTNIC-ZERUST</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: center">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: center"><font style="FONT-SIZE: 10pt">Russia</font></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: center">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">50</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">%</td></tr>
<TR STYLE="vertical-align: bottom; background-color: White">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; TEXT-INDENT: 0.1pt">KOREA ZERUST CO., LTD.</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: center">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: center"><font style="FONT-SIZE: 10pt">South Korea <sup style="vertical-align: baseline; position: relative; bottom:.33em;">(1)</sup></font></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: center">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">30</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">%</td></tr>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; TEXT-INDENT: 0.1pt">ZERUST OY</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: center">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: center"><font style="FONT-SIZE: 10pt">Finland</font></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: center">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">50</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">%</td></tr>
<TR STYLE="vertical-align: bottom; background-color: White">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; TEXT-INDENT: 0.1pt">ZERUST (U.K.) LTD.</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: center">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: center" nowrap><font style="FONT-SIZE: 10pt">United Kingdom</font></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: center">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">50</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">%</td></tr>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="font-size: 10pt; text-align: justify; text-indent: 0.1pt">HARITA NTI LIMITED</TD>
<TD STYLE="font-size: 10pt">&nbsp;</TD>
<TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD>
<TD NOWRAP STYLE="font-size: 10pt; text-align: center">India</TD>
<TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD>
<TD STYLE="font-size: 10pt">&nbsp;</TD>
<TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD>
<TD STYLE="font-size: 10pt; text-align: right">50</TD>
<TD STYLE="font-size: 10pt; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; TEXT-INDENT: 0.1pt">EXCOR-ZERUST S.R.O.</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: center">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: center"><font style="FONT-SIZE: 10pt">Czech Republic</font></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: center">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">50</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">%</td></tr>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; TEXT-INDENT: 0.1pt">EXCOR SP. Z.O.O.</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: center">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: center"><font style="FONT-SIZE: 10pt">Poland</font></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: center">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">50</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">%</td></tr>
<TR STYLE="vertical-align: bottom; background-color: White">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; TEXT-INDENT: 0.1pt">ZERUST SPECIALTY TECH CO. LTD.</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: center">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: center"><font style="FONT-SIZE: 10pt">Thailand <sup style="vertical-align: baseline; position: relative; bottom:.33em;">(1)</sup></font></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: center">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">30</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">%</td></tr>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; TEXT-INDENT: 0.1pt">CHONG WAH-NTIA SDN. BHD.</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: center">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: center"><font style="FONT-SIZE: 10pt">Malaysia <sup style="vertical-align: baseline; position: relative; bottom:.33em;">(1)</sup></font></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: center">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">30</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">%</td></tr>
<TR STYLE="vertical-align: bottom; background-color: White">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; TEXT-INDENT: 0.1pt">NTIA ZERUST PHILIPPINES, INC.</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: center">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: center"><font style="FONT-SIZE: 10pt">Philippines <sup style="vertical-align: baseline; position: relative; bottom:.33em;">(1)</sup></font></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: center">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">30</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">%</td></tr>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; TEXT-INDENT: 0.1pt">ZERUST A.&#350;.</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: center">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: center"><font style="FONT-SIZE: 10pt">Turkey</font></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: center">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">50</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">%</td></tr>
<TR STYLE="vertical-align: bottom; background-color: White">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; TEXT-INDENT: 0.1pt">ZERUST CONSUMER PRODUCTS, LLC</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: center">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: center"><font style="FONT-SIZE: 10pt">United States</font></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: center">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">50</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">%</td></tr>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; TEXT-INDENT: 0.1pt">ZERUST &#8211; DNEPR</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: center">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: center"><font style="FONT-SIZE: 10pt">Ukraine</font></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: center">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">50</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">%</td></tr>
<TR STYLE="vertical-align: bottom; background-color: White">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; TEXT-INDENT: 0.1pt">PT. CHEMINDO &#8211; NTIA</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: center">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: center"><font style="FONT-SIZE: 10pt">Indonesia <sup style="vertical-align: baseline; position: relative; bottom:.33em;">(1)</sup></font></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: center">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">30</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">%</td></tr></table>
<p style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; MARGIN: 0pt 0px; TEXT-INDENT: 0in">____________________</p>
<table style="TEXT-INDENT: 0;MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; MARGIN-TOP: 0pt" cellspacing="0" cellpadding="0" width="100%">

<tr style="VERTICAL-ALIGN: top">
<td style="WIDTH: 0px">&nbsp;</td>
<td style="WIDTH: 0.3in">(1)</td>
<td>Indirect ownership interest through NTI Asean.</td></tr></table>
<p style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; MARGIN: 0pt 0px 0pt 0.3in; TEXT-INDENT: -0.3in">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"></p>
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<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">NTIC&#8217;s receipt of funds from its joint ventures is dependent
upon fees NTIC is paid for services that it provides to its joint ventures, based on the net sales of each individual joint venture,
as well as NTIC&#8217;s receipt of dividend distributions from the joint ventures. The fees for services provided to joint ventures
are determined based on either a flat fee or a percentage of sales depending on local laws and tax regulations. With respect to
NTIC&#8217;s joint venture in Germany (EXCOR), NTIC recognizes an agreed upon quarterly fee for services. NTIC recognizes equity
income from its joint ventures based on the overall profitability of its joint ventures. Such profitability is subject to variability
from quarter to quarter and, consequently, subjects NTIC&#8217;s earnings to variability from quarter to quarter. The profits of
NTIC&#8217;s joint ventures are shared in accordance with their respective ownership percentages. NTIC typically, directly or indirectly,
owns 50% or less of each of its joint venture entities and thus does not control the decisions of these entities regarding whether
to pay dividends and, if paid, how much they should be in a given year. The payment of a dividend by an entity is determined by
a joint vote of the owners and is not at the sole discretion of NTIC.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>



<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">NTIC accounts for the investments and financial results of its joint ventures in its consolidated financial statements utilizing the equity method of accounting.</p>

<p style="font-size: 10pt; margin: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.1pt">Sales by NTIC's joint ventures are not included
in the net sales of NTIC. NTIC considers, EXCOR Korrosionsschutz &#8211; Technologien und Produkte GmbH (&#8220;EXCOR&#8221;),
its joint venture in Germany, to be individually significant to NTIC&#8217;s consolidated assets and income; and therefore, provides
certain additional information regarding EXCOR in the notes to NTIC&#8217;s consolidated financial statements and in certain sections
of this report.</p>


<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">For more information regarding NTIC&#8217;s joint ventures and their effect on NTIC&#8217;s operating results, see NTIC&#8217;s consolidated financial statements in &#8220;<i>Part II. Item 8. Financial Statements and Supplementary Data</i>&#8221; and &#8220;<i>Part II. Item 7. Management&#8217;s Discussion and Analysis of Financial Condition and Results of Operations</i>&#8221; of this report.</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"><b>Termination of Chinese Joint Venture</b></p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">On January 2, 2015, NTIC announced that, effective as of December
31, 2014, it is selling its ZERUST<sup>&#174;</sup> products and services in China through a wholly-owned subsidiary, NTIC (Shanghai)
Co., Ltd., and has terminated its joint venture agreements with Tianjin Zerust Anticorrosion Co., Ltd. (&#8220;Tianjin Zerust&#8221;).
NTIC and NTI Asean LLC have filed a lawsuit in China against Mr. Tao Meng, the former joint venture entity&#8217;s other shareholder,
and his spouse, seeking, among other things, an orderly liquidation of Tianjin Zerust.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>



<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">NTIC indirectly has a 30% ownership interest in Tianjin Zerust
through its 60% owned holding company subsidiary, NTI Asean LLC. Beginning with the second quarter of fiscal 2015, NTIC&#8217;s
consolidated financial statements include the financial results of NTIC China,.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>



<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">NTIC anticipates that it will take time to transition Tianjin
Zerust customers over to NTIC China and no assurance can be provided that NTIC China will be able to achieve the net sales and
income levels previously achieved by Tianjin Zerust. For fiscal 2014, Tianjin Zerust had net sales of $15.9 million and net income
of $1.3 million. The operating income of the joint venture before paying royalties in an aggregate amount of $4.2 million to all
shareholders was over $5.5 million.</p>

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<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">During fiscal 2016, NTIC realized approximately $3,410,000 in
expenses related either directly or indirectly to the establishment and initial business operations of NTIC China, the termination
of the Tianjin Zerust joint venture agreements, NTIC&#8217;s ongoing litigation against Mr. Tao Meng and his spouse, NTIC&#8217;s
ongoing litigation against Cortec Corporation, the creation of a reserve against the accounts receivable balance from Tianjin Zerust,
the write-off of certain inventory and the asset impairment of NTIC&#8217;s interest in the Tianjin Zerust joint venture. These
expenses are recorded as selling, general and administrative expenses, expenses incurred in support of joint ventures, and/or impairment
on investment at carrying value on NTIC&#8217;s consolidated statements of operations. Specifically,&nbsp;as of August 31, 2016,
NTIC believes that, for accounting purposes, its joint venture investment in Tianjin Zerust is fully impaired.&nbsp; The carrying
value of Tianjin Zerust, prior to impairment, was $1,883,668, of which the net impact to NTIC was $1,130,201 based on its 60% ownership
of NTI Asean. As of August 31, 2016, the carrying value, for accounting purposes, is $0.&nbsp; As of August 31, 2016, NTIC created
a reserve against the accounts receivable balance owed from Tianjin Zerust of $114,636 that, for accounting purposes, NTIC determined
it to be uncollectible. Despite these accounting positions, NTIC intends to continue to vigorously pursue its litigation against
its former joint venture partner for the losses associated with Tianjin Zerust. NTIC also intends to continue to vigorously pursue
its litigation against Cortec Corporation for lost profits, unjust enrichment and other damages related to its tortious interference
and breach, among other claims.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>



<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">NTIC expects that its operating results may continue to be volatile
as a result of the ongoing transition of Chinese operations.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>



<p style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; MARGIN: 0pt 0px">Products</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">NTIC derives revenues directly and/or indirectly through its
subsidiaries and joint ventures from two reportable business segments based on products sold, customer base and distribution center:
ZERUST<sup>&#174;</sup> corrosion prevention solutions and Natur-Tec<sup>&#174;</sup> resin compounds and finished products.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>



<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"><b><i>ZERUST<sup style="vertical-align: baseline; position: relative; bottom:.33em;">&#174;</sup> Corrosion Prevention Solutions</i></b>. In fiscal 2016, 83.7% of NTIC&#8217;s consolidated net sales were derived from developing, manufacturing and marketing ZERUST<sup style="vertical-align: baseline; position: relative; bottom:.33em;">&#174;</sup> rust and corrosion inhibiting products and services.&nbsp; NTIC&#8217;s consolidated net sales in fiscal 2016 included $27,577,566 in sales of ZERUST<sup style="vertical-align: baseline; position: relative; bottom:.33em;">&#174;</sup> rust and corrosion inhibiting products and services, an increase of 5.9% over such sales in fiscal 2015. Corrosion not only damages the appearance of metal products and components but also negatively impacts their mechanical performance.&nbsp; This applies to the rusting of ferrous metals (iron and steel) and the deterioration by oxidation of nonferrous metals (aluminum, copper, brass, etc.).&nbsp; NTIC&#8217;s ZERUST<sup style="vertical-align: baseline; position: relative; bottom:.33em;">&#174;</sup> corrosion prevention solutions include plastic and paper packaging, powders, liquids, coatings, rust removers, cleaners, diffusers and engineered solutions for the oil and gas industry, as well as technical corrosion management and consulting services.</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><i>Plastic and Paper Packaging</i>.&nbsp; NTIC&#8217;s ZERUST<sup>&#174;</sup>
packaging products contain proprietary chemical formulations that continuously release an invisible and odorless, corrosion inhibiting
vapor that passivates metal surfaces and thereby inhibits rust and corrosion.&nbsp; The corrosion-inhibiting protection is maintained
as long as the metal products to be protected remain enclosed within the ZERUST<sup>&#174; </sup>packaging.&nbsp; Electron scanning
shows that once the contents are removed from the ZERUST<sup>&#174; </sup>package, the ZERUST<sup>&#174; </sup>protection dissipates
from the contents&#8217; surfaces within two hours, leaving a clean, dry and corrosion-free metal component.&nbsp; This mechanism
of corrosion protection enables NTIC&#8217;s customers to easily package metal objects for rust-free shipment or long-term storage.&nbsp;
Furthermore, by eliminating costly greasing and degreasing processes and/or significantly reducing the use of certain coatings
to inhibit corrosion, NTIC&#8217;s ZERUST<sup>&#174; </sup>corrosion prevention solutions provide customers significant savings
in labor, material and capital expenditures for equipment to apply, remove and dispose of oils and greases, as well as the attendant
environmental problems, as compared to traditional methods of corrosion prevention.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>



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<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">NTIC developed the first means of infusing volatile corrosion inhibiting chemical systems (VCIs) into polyethylene and polypropylene resins.&nbsp; Combining ZERUST<sup style="vertical-align: baseline; position: relative; bottom:.33em;">&#174; </sup>chemical systems with polyethylene and polypropylene resins permitted NTIC to introduce a line of plastic packaging products in the form of low and high density polyethylene bags and shroud film, including stretch, shrink, skin and bubble cushioning film, thereby giving packaging engineers an opportunity to ship and store ferrous, nonferrous and mixed-metal products in a clean, dry and corrosion-free condition, with an attendant overall savings in total process costs.&nbsp; In addition to plastic packaging, NTIC has developed additives to imbue kraft paper, corrugated cardboard, solid fiber and chipboard packaging materials with corrosion protection properties.&nbsp; NTIC&#8217;s ZERUST<sup style="vertical-align: baseline; position: relative; bottom:.33em;">&#174;</sup> plastic and paper packaging products come in various thicknesses, strength enhancements, protection types, shapes and sizes. This product line also includes items such as ZERUST<sup style="vertical-align: baseline; position: relative; bottom:.33em;">&#174;</sup> gun cases, car covers and tool-drawer liners, which are targeted at retail consumers.</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"><i>Liquids and Coatings</i>.&nbsp; NTIC&#8217;s corrosion prevention solutions include a line of metal surface treatment liquids and coatings, which are oil, water and bio-solvent based, marketed under brand names including Axxatec<sup style="vertical-align: baseline; position: relative; bottom:.33em;">&#8482;</sup>, Axxanol<sup style="vertical-align: baseline; position: relative; bottom:.33em;">&#8482;</sup> and Z-Maxx<sup style="vertical-align: baseline; position: relative; bottom:.33em;">&#8482;</sup>.&nbsp; These liquids and coatings provide powerful corrosion protection in aggressive environments, such as salt air and humidity at high temperatures.&nbsp; Products are formulated for most metal types and protection levels. Customers use a combination of NTIC&#8217;s liquids and coatings with ZERUST<sup style="vertical-align: baseline; position: relative; bottom:.33em;">&#174;</sup> plastic and paper products to achieve robust corrosion protection during manufacturing, shipping and warehousing stages.</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"><i>&nbsp;</i></p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"><i>Rust Removers and Cleaners</i>.&nbsp; NTIC also sells rust removal and cleaning products designed to restore rusty parts to a usable condition by replacing labor-intensive, abrasive cleaners that damage surfaces and commonly fail to remove rust from complex metal surfaces like the teeth of small gears under the Axxaclean<sup style="vertical-align: baseline; position: relative; bottom:.33em;">&#8482;</sup> brand name.</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"><i>Diffusers</i>.&nbsp; NTIC&#8217;s corrosion prevention solutions include a line of corrosion inhibiting vapor diffusers, such as ZERUST<sup style="vertical-align: baseline; position: relative; bottom:.33em;">&#174;</sup> ActivPak<sup style="vertical-align: baseline; position: relative; bottom:.33em;">&#174;</sup>, ZERUST<sup style="vertical-align: baseline; position: relative; bottom:.33em;">&#174;</sup> ICT<sup style="vertical-align: baseline; position: relative; bottom:.33em;">&#174;</sup> Vapor Capsules, ZERUST<sup style="vertical-align: baseline; position: relative; bottom:.33em;">&#174;</sup> ICT<sup style="vertical-align: baseline; position: relative; bottom:.33em;">&#174;</sup> Plastabs<sup style="vertical-align: baseline; position: relative; bottom:.33em;">&#174;</sup> and ZERUST<sup style="vertical-align: baseline; position: relative; bottom:.33em;">&#174;</sup> ICT<sup style="vertical-align: baseline; position: relative; bottom:.33em;">&#174;</sup> Cor-Tabs<sup style="vertical-align: baseline; position: relative; bottom:.33em;">&#174;</sup>, ZERUST<sup style="vertical-align: baseline; position: relative; bottom:.33em;">&#174;</sup> ICT<sup style="vertical-align: baseline; position: relative; bottom:.33em;">&#174;</sup> Pipe Strip and ZERUST<sup style="vertical-align: baseline; position: relative; bottom:.33em;">&#174;</sup> ICT<sup style="vertical-align: baseline; position: relative; bottom:.33em;">&#174;</sup> Tube Strip.&nbsp; These diffusers are designed to protect metals within enclosures, like switch gearboxes and electronic cabinets, or can be used as added protection to ZERUST<sup style="vertical-align: baseline; position: relative; bottom:.33em;">&#174;</sup> packaging products.&nbsp; Diffusers work by permeating the interior air of an enclosure with an invisible and odorless corrosion inhibiting vapor that protects nearby metal surfaces that are within a specific &#8220;radius of protection&#8221; for a period of one or two years depending on the model.&nbsp; This invisible and dry protective layer revaporizes upon removal of the capsule from the enclosure, leaving all surfaces clean, dry, residue-free and corrosion-free.&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"><i>Z-CIS<sup style="vertical-align: baseline; position: relative; bottom:.33em;">&#174;</sup> Technical Services</i>.&nbsp; As an on-going effort to help NTIC&#8217;s customers improve and control their processes in terms of corrosion management, NTIC markets and offers unique corrosion management and consulting services to target customers.&nbsp; This ZERUST<sup style="vertical-align: baseline; position: relative; bottom:.33em;">&#174;</sup> corrosion inhibition system (known as Z-CIS<sup style="vertical-align: baseline; position: relative; bottom:.33em;">&#174;</sup>) utilizes NTIC&#8217;s global experience in successful corrosion management control.&nbsp; Services and consulting are billed according to work done on the customer&#8217;s behalf to improve the customer&#8217;s internal and external corrosion control systems.&nbsp; Several major automotive companies and their automotive parts suppliers have used NTIC&#8217;s Z-CIS<sup style="vertical-align: baseline; position: relative; bottom:.33em;">&#174;</sup> system.</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><i>ZERUST<sup>&#174;</sup> Corrosion Prevention Solutions Designed
Specifically for the Oil and Gas Industry</i>.&nbsp; NTIC has developed proprietary engineered corrosion inhibiting solutions specifically
for the mitigation of corrosion of the types of capital assets used in the petroleum and chemical process industries and has targeted
the sale of these ZERUST<sup>&#174;</sup> corrosion solutions to potential customers in the oil and gas industry.&nbsp;&nbsp; NTIC&#8217;s
consolidated net sales in fiscal 2016 included $1,739,607 in sales made to customers in the oil and gas industry, a decrease of
7.8% over such sales in fiscal 2015.&nbsp;This decrease is set against a backdrop of a 60% drop in crude oil prices in the past
18 months that has negatively affected client budgets. The infrastructure that supports the oil and gas industry is predominantly
constructed using metals that are highly susceptible to corrosion.&nbsp; The industrial environment at these facilities usually
contains compounds, including sulfides and chlorides, which cause aggressive corrosion.&nbsp; This problem affects pipelines, petroleum
storage tanks, spare parts in long-term storage, processing and other critical equipment.&nbsp;In addition to the costs associated
with the replacement of parts and structures, maintenance and repairs, and product loss, there are significant economic losses
associated with critical infrastructure down for repair and maintenance.&nbsp; Furthermore, there are also considerable health,
safety and environmental risks caused by corrosion that can greatly increase economic losses.&nbsp; NTIC believes that its ZERUST<sup>&#174;</sup>
oil and gas corrosion prevention solutions minimize maintenance downtime on critical oil and gas industry infrastructure, extend
the life of such infrastructure and reduce the risk of environmental pollution due to leaks caused by corrosion.&nbsp;</p>

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<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">NTIC&#8217;s rust and corrosion inhibiting products for the
oil and gas industry include ZERUST<sup>&#174;</sup> Flange Savers<sup>&#174;</sup> ZERUST<sup>&#174;</sup> ReCAST-R VCI Dispensers,
Zerust ReCAST-SSB solutions and ZERUST<sup>&#174;</sup> chemicals, including Zerion chemicals, in addition to many of the traditional
ZERUST<sup>&#174;</sup> rust and corrosion inhibiting products previously described.&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>



<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">ZERUST<sup>&#174;</sup> Flange Savers<sup>&#174;</sup> are specially
designed covers that have been impregnated with a proprietary ZERUST<sup>&#174;</sup> inhibitor formulation to provide corrosion
protection for flanges, valves and welded joints.&nbsp; Oil and gas pipeline segments are connected by flanges and welded joints
of varying sizes, designs and materials.&nbsp; These connection points often corrode under aggressive industrial environments and
harsh operating conditions, thereby causing costly maintenance, operational and safety problems.&nbsp; ZERUST<sup>&#174;</sup> Flange
Savers<sup>&#174;</sup> are available in various sizes to accommodate different pipe diameters, pressure ratings and international
standards for pipeline valves and flanges.&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>



<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">ZERUST<sup>&#174;</sup> ReCAST-R VCI Dispensers protect the interior
surfaces of aboveground storage tank roofs by delivering proprietary inhibitor formulations into the vapor space between the surface
of the product and the tank roof.&nbsp; Certain grades of oil contain sulphur and emit corrosive acid gas vapors that destroy the
internal surfaces of aboveground storage tank roofs and their support structures above the stored product.&nbsp; Each system is
tailored to a customer&#8217;s requirements, depending upon specific environmental conditions, product stored, tank diameter and
type of metal and can be applied on both new and existing tank roofs.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>



<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">ZERUST<sup>&#174;</sup> ReCAST-SSB solutions protect the Soil
Side Bottoms (SSB) of aboveground storage tanks through a variety of unique and highly effective delivery systems designed by the
Zerust Oil &amp; Gas team to deliver proprietary Zerion FVS corrosion inhibitor to tank bottom spaces that are susceptible to significant
corrosion. Tank bottoms are typically made of steel plates which are in direct contact with the foundation surface that could be
concrete, sand/soil and asphalt/bitumen. It is typically not possible to protect this underside surface with traditional coatings.
Cathodic protection (CP) systems can provide some protection, but these have significant limitations that cause failures well ahead
of the expected service life of a tank. The ZERUST<sup>&#174;</sup> solutions provide effective protection even to areas that cannot
be addressed with CP. This is an engineered solution where each system is tailored to a customer&#8217;s requirements depending
on the tank foundation design, specific environmental conditions, tank diameter, etc.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>



<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">ZERUST<sup>&#174;</sup> Zerion line of powder based inhibitor solutions include:</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
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<tr style="VERTICAL-ALIGN: top">
<td style="WIDTH: 0.25in">&nbsp;</td>
<td style="WIDTH: 0.25in">&#8226;</td>
<td>Zerion FVS is a unique inhibitor blend that is used in the SSB Solutions. This &#8220;best-in-class&#8221; product has been successfully deployed at multiple client sites in the North and South American geographies.</td></tr>
<tr style="VERTICAL-ALIGN: top">
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td></tr></table>
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<tr style="VERTICAL-ALIGN: top">
<td style="WIDTH: 0.25in">&nbsp;</td>
<td style="WIDTH: 0.25in">&#8226;</td>
<td>AutoFog is a revolutionary product that allows for the quick VCI saturation of large volume spaces without the need for mechanical &#8220;fogging&#8221; equipment. This rapid self-diffusing capability is good for sealed void spaces, protection of large/complex assets like heat exchangers and heater-treaters.</td></tr>
<tr style="VERTICAL-ALIGN: top">
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: top">
<td>&nbsp;</td></tr></table>
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<table cellpadding="0" cellspacing="0" width="100%" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0.25in"></td><td style="width: 0.25in"><font style="font-family: Symbol">&#183;</font></td><td>Sol-V C-Series is designed to provide corrosion prevention in voids and enclosures especially when there is either stagnant
water, or the potential for water seepages and/or accumulation of water over time.&nbsp; ZERUST<sup>&#174;</sup> Sol-V&#8482; C-Series
packaging allows VCIs to release while conserving a Sol-V proprietary blend of soluble corrosion inhibitors (SCIs) until water
enters the system. Typical applications of ZERUST<sup>&#174;</sup> Sol-V&#8482; C-Series packaging include offshore platform leg
voids, vessels and tanks mothballed in tropical environments, ship blocks being fabricated in areas of high humidity, piping systems
and heat exchangers.</td></tr></table>


<p style="font-size: 10pt; margin: 0pt 0px"><b><i>&nbsp;</i></b></p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b><i>Natur-Tec<sup>&#174;</sup> Resin Compounds and Finished
Products</i></b> NTIC manufactures and sells a range of biobased and compostable (fully biodegradable) polymer resin compounds
and finished products under the Natur-Tec<sup>&#174;</sup> brand. NTIC&#8217;s consolidated net sales in fiscal 2016 included $5,355,999
in sales of Natur-Tec<sup>&#174;</sup> resins and finished products, an increase of 25.1% over such sales in fiscal 2015.&nbsp;
Market drivers such as volatile petroleum prices, reduced dependence on foreign oil, reduced carbon footprints, and environmentally
responsible end-of-life solutions increased interest in using sustainable, biobased and renewable plant-biomass resources for the
manufacture of plastics and industrial products. Plastics that are fully biodegradable in composting or anaerobic digestor systems
allow the safe and effective conversion of these plastics to carbon dioxide, water and fertilizer at the end of their service life.&nbsp;
Increased environmental and sustainability awareness at the corporate and consumer level, improved technical properties and product
functionality, as well as recent foreign, state and local governmental regulations banning the use of traditional, petroleum-based
plastics or mandating the use of certain biodegradable or compostable products, have also fueled this interest in biobased and
biodegradable-compostable plastics.&nbsp; The term &#8220;bio-plastics&#8221; encompasses a broad category of plastics that are
either bio-based, which means derived from renewable resources such as corn or cellulosic/plant material or blends thereof, or
are engineered to be fully compostable, or both.&nbsp;</p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><i>Resin Compounds. </i>&nbsp; Natur-Tec<sup>&#174;</sup> resin
compounds are produced by blending commercially available base resins, such as Ecoflex<sup>&#174;</sup> from BASF, Ingeo<sup>&#174;</sup>
PLA from NatureWorks LLC, with organic and inorganic fillers, and proprietary polymer modifiers and compatabilizers, using NTIC&#8217;s
proprietary and patented ReX Process.&nbsp; In this process, biodegradable polymers, natural polymers made from renewable, plant-biomass
resources, and organic and inorganic materials are reactively blended in the presence of proprietary compatibilizers and polymer
modifiers to produce biobased and/or compostable polymer resin formulations that exhibit unique and stable morphology.&nbsp; Natur-Tec<sup>&#174;</sup>
resin compounds are engineered for high performance, ease of processing and reduced cost compared to most other bio-plastic materials,
and can be processed by converters using conventional plastic manufacturing processes and equipment.&nbsp;</p>

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<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Natur-Tec<sup>&#174;</sup> resin compounds are available in several
grades tailored for a variety of applications, such as blown-film extrusion, extrusion coating and injection molding.&nbsp;</p>

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<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Natur-Tec<sup>&#174;</sup> flexible film resin compounds are
fully compostable and meet requirements of international standards for compostable plastics such as ASTM (American Society for
Testing and Materials) D6400 (U.S.), EN 13432 (European standards for products and services by European Committee for Standardization)
and ISO (International Organization for Standardization) 17088, and are certified as 100% compostable by organizations including
the BPI (Biodegradable Products Institute) in the United States and Vincotte in Europe.&nbsp; Natur-Tec<sup>&#174;</sup> film resin
compounds can be used to produce film for applications, such as bags, including compost bags, lawn and leaf bags, pet waste bags
and carry-out bags, agricultural film and consumer and industrial packaging.&nbsp;</p>

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<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The Natur-Tec<sup>&#174;</sup> compostable extrusion coating
resin compounds are biobased and biodegradable and are designed to replace conventional plastic materials for extrusion coating
applications.&nbsp; Natur-Tec<sup>&#174;</sup> extrusion coating resin compounds are manufactured using sustainable and renewable
resources, per the ASTM D6866 standard, which allows industry and consumers the opportunity to reduce or neutralize their carbon
footprint, and are designed to meet the requirements of international standards for compostable plastics, such as ASTM D6400.&nbsp;
Natur-Tec<sup>&#174;</sup> extrusion coating resin compounds provide good adhesion to paper, an excellent print surface and good
heat seal strength and the coating material is suitable for food contact applications including both hot and cold applications.&nbsp;
Natur-Tec<sup>&#174;</sup> extrusion coating resin compounds can be used for coating paper and paperboards for the manufacture of
disposable cups, plates and other food service ware items.</p>

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<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">The Natur-Tec<sup style="vertical-align: baseline; position: relative; bottom:.33em;">&#174;</sup> compostable injection molding resin compounds are biobased and compostable and are designed to replace conventional plastic materials for injection molded plastic applications.&nbsp; Natur-Tec<sup style="vertical-align: baseline; position: relative; bottom:.33em;">&#174;</sup> compostable injection molding resin compounds are manufactured using sustainable and renewable resources, per the ASTM D6866 standard and are designed to meet the requirements of international standards for compostable plastics, such as ASTM D6400 and EN 13432.&nbsp; Natur-Tec<sup style="vertical-align: baseline; position: relative; bottom:.33em;">&#174;</sup> compostable injection molding resin compounds can be used for injection molded plastic applications, such as cutlery, pens, hangers, containers and packaging.&nbsp; Natur-Tec<sup style="vertical-align: baseline; position: relative; bottom:.33em;">&#174;</sup> biobased injection molding resin compounds are made with at least 90% of biobased/renewable resource-based materials per the ASTM D6866 standard and are meant to enhance sustainability by replacing petroleum-based plastics.&nbsp; Natur-Tec<sup style="vertical-align: baseline; position: relative; bottom:.33em;">&#174;</sup> biobased injection molding resin compounds exhibit the same properties as conventional plastic materials and can be used in applications, such as automotive components, consumer goods, electronics, medical products, furniture and packaging.</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"><i>&nbsp;</i></p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"><i>Finished Products</i>.&nbsp; Natur-Tec<sup style="vertical-align: baseline; position: relative; bottom:.33em;">&#174;</sup> finished products include totally biodegradable and compostable trash bags, agricultural film and other single-use disposable products, such as compostable cutlery and food and consumer goods packaging that are currently marketed under the Natur-Bag<sup style="vertical-align: baseline; position: relative; bottom:.33em;">&#174;</sup> or Natur-Ware<sup style="vertical-align: baseline; position: relative; bottom:.33em;">&#174;</sup> brands.&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">The Natur-Bag<sup style="vertical-align: baseline; position: relative; bottom:.33em;">&#174;</sup> product line offers 15 different compostable trash bag sizes, from 3-gallon to 96-gallon.&nbsp; The bags are available in various SKU configurations from retail packs that are sold to the consumer either through retail outlets or through online stores, and industrial case packs that are sold to commercial and industrial customers primarily through wholesalers and distributors.&nbsp; The Natur-Bag<sup style="vertical-align: baseline; position: relative; bottom:.33em;">&#174;</sup> products are manufactured from the Natur-Tec<sup style="vertical-align: baseline; position: relative; bottom:.33em;">&#174;</sup> flexible film resin compounds and thus are fully biodegradable and compostable.</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The Natur-Ware<sup>&#174;</sup> product line consists of biobased
and compostable cutlery made from the Natur-Tec<sup>&#174;</sup> compostable injection molding resin compounds.&nbsp; Natur-Ware<sup>&#174;</sup>
cutlery can be composted along with food scraps in zero-waste programs.&nbsp;</p>

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<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Both Natur-Bag<sup>&#174;</sup> and Natur-Ware<sup>&#174;</sup>
products are fully certified compostable, and carry the BPI Compostable logo in the United States and the Vincotte OK Compost in
Europe. Furthermore, these products were also independently tested and approved for use in organic waste diversion systems by Cedar
Grove, one of the largest compost operators in the United States.</p>

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<p style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; MARGIN: 0pt 0px">Sales, Marketing and Distribution</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"><b><i>ZERUST<sup style="vertical-align: baseline; position: relative; bottom:.33em;">&#174; </sup>Corrosion Prevention Solutions</i></b>. In the United States, NTIC markets its ZERUST<sup style="vertical-align: baseline; position: relative; bottom:.33em;">&#174; </sup>rust and corrosion inhibiting products and services, including its products designed for the oil and gas industry, principally to industrial users in the automotive, electronics, electrical, mechanical, military, retail consumer and oil and gas markets by a direct sales force and through a network of independent distributors, manufacturer&#8217;s sales representatives and strategic partners. NTIC&#8217;s technical service consultants work directly with the end users of NTIC&#8217;s ZERUST<sup style="vertical-align: baseline; position: relative; bottom:.33em;">&#174; </sup>products to analyze their specific corrosion prevention needs and develop systems to meet their technical requirements.</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">Internationally, NTIC has entered into a series of joint ventures with foreign partners (either directly or through a holding company). NTIC receives fees for providing technical support, marketing assistance and other services to its joint ventures based primarily on the net sales of the individual joint ventures in accordance with the terms of the joint venture arrangements. Such services include consulting, legal, insurance, technical and marketing services. In China, NTIC sells its products and services through NTIC China, which in turn uses several distributors with dedicated sales personnel. NTIC recently formed a wholly-owned subsidiary in Mexico to conduct its business there.</p>
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<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">With respect to the sales and marketing of ZERUST<sup style="vertical-align: baseline; position: relative; bottom:.33em;">&#174; </sup>rust and corrosion inhibiting products and services to the oil and gas industry, NTIC uses a combination of direct sales personnel, independent sales agents and its joint venture network.&nbsp; In addition, in an attempt to penetrate the oil and gas industry within certain markets more quickly, NTIC has entered into certain sales and marketing agency agreements with specific organizations that have existing long term relationships with key oil and gas industry clients.&nbsp; NTIC also engages in certain direct marketing activities to build its brand within the oil and gas industry, such as traditional advertising and direct mail campaigns and presence and participation at selected key trade shows and technical forums.&nbsp; NTIC continues to believe the sale of its ZERUST<sup style="vertical-align: baseline; position: relative; bottom:.33em;">&#174;</sup> corrosion prevention solutions to customers in the oil and gas industry will involve a long sales cycle, likely including a one- to multi-year trial period with each customer and a slow integration process thereafter.&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"><b><i>&nbsp;</i></b></p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b><i>Natur-Tec<sup>&#174;</sup> Resin Compounds and Finished
Products</i></b>.&nbsp; In the United States, NTIC markets its Natur-Tec<sup>&#174;</sup> resin compounds and finished products
through a network of national and regional distributors and independent manufacturer&#8217;s sales representatives and three NTIC
direct sales employees as of August 31, 2016. Target customers for Natur-Tec<sup>&#174;</sup> finished products include individual
consumers and commercial and institutional organizations such as corporations and government agencies, and educational organizations
such as universities and school districts. NTIC is also targeting key national and regional retailers utilizing independent sales
agents. Target customers for Natur-Tec<sup>&#174;</sup> resin compounds include film extruders and injection molders who would purchase
Natur-Tec<sup>&#174;</sup> resin compounds to manufacture and sell their own finished biobased, and compostable end products, such
as film, bags and cutlery.</p>

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<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Internationally, NTIC uses Natur-Tec India, and its joint ventures
and a network of international distributors to market its Natur-Tec<sup>&#174;</sup> resin compounds and finished products. In November
2014, NTIC entered into an agreement with NatureWorks LLC for joint marketing and sales of Ingeo<sup>&#174;</sup> based packaging
solutions to customers in India. With recent Indian government mandates banning use of non-biodegradable plastics in certain types
of food and consumer packaging, NTIC expects the market in India for bioplastic packaging solutions to grow substantially.</p>

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<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"><b>Competition</b></p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"><b><i>ZERUST<sup style="vertical-align: baseline; position: relative; bottom:.33em;">&#174; </sup>Corrosion Prevention Solutions</i></b>. While NTIC is unaware of any third parties with which NTIC competes on a worldwide basis with respect to its corrosion prevention solutions, NTIC does compete with several third parties on a regional basis. NTIC evaluates competing rust and corrosion inhibiting products on an ongoing basis. Some of NTIC&#8217;s competitors are established companies that may have financial, marketing, distribution networks and other resources substantially greater than those of NTIC. As a result, they may be able to adapt more quickly to new or emerging technologies and changes in customer requirements, or devote greater resources to the promotion and sale of their products than NTIC. With respect to its rust and corrosion inhibiting products, NTIC competes on the basis of product innovation, quality and reliability, product support, customer service, reputation, as well as price. Some of NTIC&#8217;s competitors may have achieved significant market acceptance of their competing products and brand recognition. NTIC, however, believes it has an advantage over most of its competitors as a result of NTIC&#8217;s technical innovation and its value added service. NTIC attempts to provide its customers with the highest level of technical service and applications engineering in addition to ZERUST<sup style="vertical-align: baseline; position: relative; bottom:.33em;">&#174;</sup> rust and corrosion inhibiting products. Nonetheless, the commoditization of certain of NTIC&#8217;s ZERUST<sup style="vertical-align: baseline; position: relative; bottom:.33em;">&#174;</sup> rust and corrosion inhibiting products have led and may continue to lead to lower prices and lower margins on such products. In addition, because certain barriers to entry are low, additional competitors, including plastic extrusion companies, may emerge, which likely would lead to the further commoditization of NTIC&#8217;s rust and corrosion inhibiting products.</p>
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<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">With respect to NTIC&#8217;s corrosion prevention solutions for use in the oil and gas industry, NTIC&#8217;s primary barrier to entry is a combination of conservatism, complacency, confidence in old approaches, as well as the complexity of the buying organizations. Some of NTIC&#8217;s competitors with respect to its traditional ZERUST<sup style="vertical-align: baseline; position: relative; bottom:.33em;">&#174;</sup> rust and corrosion inhibiting products also compete in the oil and gas industry. NTIC also faces competition from new suppliers who provide alternative approaches to corrosion prevention, some of which have a significant market presence and more years of experience and credibility in the oil and gas industry. Original equipment manufacturer (OEM) suppliers to the oil and gas industry present a new market vertical for NTIC&#8217;s traditional industrial ZERUST<sup style="vertical-align: baseline; position: relative; bottom:.33em;">&#174;</sup> products.</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"><b><i>&nbsp;</i></b></p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"><b><i>Natur-Tec<sup style="vertical-align: baseline; position: relative; bottom:.33em;">&#174;</sup> Resin Compounds and Finished Products. </i></b>With respect to NTIC&#8217;s Natur-Tec<sup style="vertical-align: baseline; position: relative; bottom:.33em;">&#174;</sup> resin compounds and finished products, NTIC competes with several established companies that have been producing and selling similar products for a significantly longer time period, and have significantly more sales, more extensive and effective distribution networks and better brand recognition than NTIC.&nbsp; Most of these companies also have substantially more financial and other resources than NTIC.&nbsp; NTIC competes on the basis of performance, brand awareness, distribution network, product availability, product offering, shelf life, place of manufacture and price.&nbsp; Because of price competition, NTIC&#8217;s margins on its Natur-Tec<sup style="vertical-align: baseline; position: relative; bottom:.33em;">&#174;</sup> resin compounds and finished products are lower than its margins on its ZERUST<sup style="vertical-align: baseline; position: relative; bottom:.33em;">&#174;</sup> corrosion prevention solutions.&nbsp; NTIC also could face supply constraints for the base resins used to manufacture NTIC&#8217;s Natur-Tec<sup style="vertical-align: baseline; position: relative; bottom:.33em;">&#174;</sup> resin compounds and finished products since there are a limited number of suppliers of such base resins and limited capacity for their production.&nbsp;</p>
<p style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; MARGIN: 0pt 0px">Research and Development</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">NTIC&#8217;s research and development activities are directed at improving existing products, developing new products, reducing costs and improving quality assurance through improved testing of NTIC&#8217;s products. NTIC&#8217;s internal research and development activities are conducted at its facilities located in Circle Pines, Minnesota; Beachwood, Ohio; and Dresden, Germany under the direction of internationally known scientists and research institutes under exclusive contract to NTIC with respect to the subject of their respective research efforts. EXCOR has established a wholly-owned subsidiary, Excor Korrosionsforschung GmbH, to conduct research into new fields of corrosion inhibiting packaging and the applications engineering of such products in conjunction with NTIC&#8217;s domestic research and development operations. With respect to NTIC&#8217;s Natur-Tec<sup style="vertical-align: baseline; position: relative; bottom:.33em;">&#174;</sup> resin compounds and finished products, Ramani Narayan, Ph.D., a current director of NTIC and Distinguished Professor in the Department of Chemical Engineering &amp; Materials Science at Michigan State University, provides his expertise and technical support to NTIC.</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">NTIC spent $4,724,596 in fiscal 2016 in connection with its
research and development activities, compared to $4,047,279 in fiscal 2015. NTIC anticipates that it will spend between $2,000,000
and $3,000,000 in fiscal 2017 on research and development activities. This anticipated significant decrease is due to the transition
of expenses that were previously treated as research and development expenses to selling, general and administrative expenses,
specifically as they relate to Natur-Tec<sup>&#174;</sup> and the ZERUST<sup>&#174;</sup> oil and gas business since most of the
expenses related to these business units are no longer in the research and development phase of product development.</p>

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<p style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; MARGIN: 0pt 0px">Intellectual Property Rights</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">NTIC&#8217;s success depends and will continue to depend in part upon its ability to maintain patent and trademark protection for its products and processes, to preserve its proprietary information and trade secrets and to operate without infringing the proprietary rights of third parties.&nbsp; NTIC&#8217;s policy is to attempt to protect its technology by, among other things, filing patent applications and trademark applications and vigorously preserving the trade secrets covering its technology and other intellectual property rights.</p>
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<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">In 1979, NTIC developed and patented the first polyolefin (plastic) based industrial corrosion inhibiting packing material in the world.&nbsp; The U.S. patent granted under this patent application became the most important intellectual property right in NTIC&#8217;s history. This patent expired in 2000. NTIC has since filed for 12 letters of patents in the United States covering various corrosion inhibiting technologies, systems and applications, and now owns several patents in these areas. These patents as well as patent applications have been extended to the countries of strategic relevance to NTIC including, but not limited to, the Patent Cooperation Treaty. In addition, EXCOR owns several patents in the area covering various corrosion inhibiting technologies and also applied for new patents on proprietary new corrosion inhibiting technologies. NTIC is also seeking additional patent protection covering various host materials into which its corrosion inhibiting additives and other protective features can be incorporated, proprietary new process technologies, and chemical formulations outside the area of corrosion protection. NTIC owns several patents outside the area of corrosion protection both in the United States and in countries of strategic relevance to NTIC including, but not limited to, the Patent Cooperation Treaty.</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">In addition to seeking patent protection, NTIC&nbsp;maintains an extensive portfolio of trademarks in countries where NTIC has a presence directly or through its subsidiaries and joint ventures. NTIC continuously pursues new trademark applications of strategic interest worldwide.&nbsp; NTIC owns the following U.S. registered trademarks:&nbsp;NTI<sup style="vertical-align: baseline; position: relative; bottom:.33em;">&#174;</sup>, NTI &amp; Globe Design, ZERUST<sup style="vertical-align: baseline; position: relative; bottom:.33em;">&#174;</sup>, EXCOR<sup style="vertical-align: baseline; position: relative; bottom:.33em;">&#174;</sup>, ICT<sup style="vertical-align: baseline; position: relative; bottom:.33em;">&#174;</sup>, Z-CIS<sup style="vertical-align: baseline; position: relative; bottom:.33em;">&#174;</sup>, COR TAB<sup style="vertical-align: baseline; position: relative; bottom:.33em;">&#174;</sup>, PLASTABS<sup style="vertical-align: baseline; position: relative; bottom:.33em;">&#174;</sup>, NATUR-TEC<sup style="vertical-align: baseline; position: relative; bottom:.33em;">&#174;</sup>, NATUR-TEC &amp; Design<sup style="vertical-align: baseline; position: relative; bottom:.33em;">&#174;</sup>, NATUR-BAG<sup style="vertical-align: baseline; position: relative; bottom:.33em;">&#174;</sup> and NATUR-WARE<sup style="vertical-align: baseline; position: relative; bottom:.33em;">&#174;</sup>. NTIC also has a registered trademark on the use of the Color Yellow with respect to corrosion inhibiting packaging.&nbsp; Furthermore, NTI<sup style="vertical-align: baseline; position: relative; bottom:.33em;">&#174;</sup>, ZERUST<sup style="vertical-align: baseline; position: relative; bottom:.33em;">&#174;</sup>, The ZERUST People<sup style="vertical-align: baseline; position: relative; bottom:.33em;">&#174;</sup>, EXCOR<sup style="vertical-align: baseline; position: relative; bottom:.33em;">&#174;</sup>, the Color Yellow<sup style="vertical-align: baseline; position: relative; bottom:.33em;">&#174;</sup>, NTI ASEAN<sup style="vertical-align: baseline; position: relative; bottom:.33em;">&#174;</sup> and COR/SCI<sup style="vertical-align: baseline; position: relative; bottom:.33em;">&#174;</sup>, as well as other marks have been registered in the European Union with several new applications pending.</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">NTIC requires its employees, consultants and advisors having access to its confidential information, including trade secrets, to execute confidentiality agreements upon commencement of their employment or consulting relationships with NTIC. These agreements generally provide that all confidential information NTIC develops or makes known to the individual during the course of the individual&#8217;s employment or consulting relationship with NTIC must be kept confidential by the individual and not disclosed to any third parties. NTIC also requires all of its employees and consultants who perform research and development for NTIC to execute agreements that generally provide that all inventions developed by these individuals during their employment by or service arrangement with NTIC will fall under NTIC&#8217;s proprietary intellectual property rights.</p>
<p style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; MARGIN: 0pt 0px">Manufacturing</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">NTIC&#8217;s ZERUST<sup style="vertical-align: baseline; position: relative; bottom:.33em;">&#174; </sup>rust and corrosion inhibiting products are manufactured according to NTIC&#8217;s specifications primarily by selected independent sub-contractors under trade secrecy agreements and/or license agreements.&nbsp; In addition, during fiscal 2015, NTIC expanded its production capabilities and began to manufacture select ZERUST<sup style="vertical-align: baseline; position: relative; bottom:.33em;">&#174; </sup>rust and corrosion inhibiting products, consisting primarily of liquids and powders, in-house at its corporate headquarters location in Circle Pines, Minnesota.&nbsp;&nbsp;&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">NTIC&#8217;s Natur-Tec<sup>&#174;</sup> resin compounds and finished
products are produced at facilities in China and Malaysia, and California, USA. NTIC&#8217;s Natur-Tec<sup>&#174;</sup> resin compounds
can be shipped to any manufacturing facility around the world where they then can be converted into finished products, such as
a bag or piece of cutlery. NTIC&#8217;s Natur-Tec<sup>&#174;</sup> finished products are manufactured using NTIC&#8217;s Natur-Tec<sup>&#174;</sup>
resin compounds by selected sub-contractors.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>



<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">NTIC is ISO 9001 certified with respect to the manufacturing of its products.&nbsp; NTIC believes that the process of ISO 9001 certification serves as an excellent total quality management tool, enabling NTIC to ensure consistency in the performance of its products.&nbsp; In addition, because potential customers may prefer or require manufacturers to have achieved ISO certification, such ISO certifications may provide NTIC with certain competitive advantages.</p>
<p style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; MARGIN: 0pt 0px"></p>
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<tr style="VERTICAL-ALIGN: top; TEXT-ALIGN: left">
<td style="WIDTH: 100%; TEXT-ALIGN: center">11</td></tr></table></div>
<div style="PAGE-BREAK-BEFORE: always; MARGIN-TOP: 6pt">&nbsp;</div>
<p style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; MARGIN: 0pt 0px">Availability of Raw Materials</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">NTIC does not typically carry excess quantities of raw materials because of widespread availability for such materials from various suppliers. However, with respect to its Natur-Tec<sup style="vertical-align: baseline; position: relative; bottom:.33em;">&#174;</sup> resin compounds and finished products, there are a limited number of suppliers of the base resins used to manufacture the resin compounds and finished products, and in the past NTIC has experienced some delay in obtaining such base resins. In addition, a few raw materials and purchased parts used in NTIC&#8217;s rust and corrosion inhibiting products and Natur-Tec<sup style="vertical-align: baseline; position: relative; bottom:.33em;">&#174;</sup> finished products are sourced from suppliers who currently serve as NTIC&#8217;s sole source of supply for these materials and parts. Although NTIC believes it can obtain these raw materials and parts from other sources of supply, an unexpected loss of supply over a short period of time may not allow NTIC time to replace these sources in the ordinary course of business.</p>
<p style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; MARGIN: 0pt 0px">Backlog</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">NTIC had an order backlog of $1,106,000 as of August 31, 2016, compared to $667,000 as of August&nbsp;31, 2015, which was generally across all business units and which these sales will be realized during first quarter of fiscal 2017. These are orders that are held by NTIC pending release instructions from the customers to be used in just-in-time production. Customers generally place orders on an &#8220;as needed&#8221; basis and expect delivery within a relatively short period of time.</p>
<p style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; MARGIN: 0pt 0px">Governmental Regulation</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The U.S. Food and Drug Administration (FDA) has indicated to
NTIC that it has no objection to the use of ZERUST<sup>&#174; </sup>ICT<sup>&#174;</sup> packaging products in protecting metal food
containers and processing equipment. In addition, the manufacture, sale and use of NTIC&#8217;s Natur-Tec<sup>&#174;</sup> resin
compounds and finished products are subject to regulation in the United States by the FDA. The FDA&#8217;s regulations are concerned
with substances used in food packaging materials. Thus, food and beverage containers are in compliance with FDA regulations if
the components used in the food and beverage containers are approved by the FDA as indirect food additives for their intended uses
and comply with the applicable FDA indirect food additive regulations, or are generally recognized as safe for their intended uses
and are of suitable purity for those intended uses. NTIC believes that its resin compounds are in compliance with all FDA requirements
and do not require further FDA approval prior to the sale of its products.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>



<p style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; MARGIN: 0pt 0px">Employees</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">As of August 31, 2016, NTIC had&nbsp;65 full-time employees located in North America, consisting of 23 in sales and marketing, 23 in research and development and lab,&nbsp;12 in administration and 7 in production.&nbsp; As of August 31, 2016, NTIC&#8217;s wholly-owned subsidiary in China had 30 full-time employees, its majority-owned subsidiary in Brazil had 20 full-time employees, its majority-owned subsidiary in India had 6 full-time employees and its holding company, NTI Asean, had no full-time employees.&nbsp; There are no unions representing NTIC&#8217;s employees and NTIC believes that its relations with its employees are good.</p>
<p style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; MARGIN: 0pt 0px">Available Information</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">NTIC is a Delaware corporation that was originally organized as a Minnesota corporation in 1970. NTIC&#8217;s principal executive office is located at 4201 Woodland Road, Circle Pines, Minnesota 55014, and its telephone number is (763) 225-6600. NTIC&#8217;s website is located at www.ntic.com. References to NTIC&#8217;s website addressed in this report are provided as a convenience and as an inactive textual reference only. The information on NTIC&#8217;s website or any other website is not incorporated by reference into, and not considered a part of, this report.</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"></p>
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<tr style="VERTICAL-ALIGN: top; TEXT-ALIGN: left">
<td style="WIDTH: 100%; TEXT-ALIGN: center">12</td></tr></table></div>
<div style="PAGE-BREAK-BEFORE: always; MARGIN-TOP: 6pt">&nbsp;</div>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">NTIC makes available, free of charge and through its Internet web site, its annual reports on Form 10-K, quarterly reports on Form 10-Q, current reports on Form 8-K, and any amendments to any such reports filed or furnished pursuant to Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended, as soon as reasonably practicable after NTIC electronically files such material with, or furnishes it to, the Securities and Exchange Commission (SEC). Reports filed with the SEC may be viewed at www.sec.gov or obtained at the SEC Public Reference Room in Washington, D.C. Information regarding the operation of the Public Reference Room may be obtained by calling the SEC at 1-800-SEC-0330.</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"><b>&nbsp;</b></p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"><b>Forward-Looking Statements</b></p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">This report on Form 10-K contains not only historical information, but also forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and are subject to the safe harbor created by those sections. In addition, NTIC or others on NTIC&#8217;s behalf may make forward-looking statements from time to time in oral presentations, including telephone conferences and/or web casts open to the public, in press releases or reports, on NTIC&#8217;s Internet web site or otherwise. All statements other than statements of historical facts included in this report or expressed by NTIC orally from time to time that address activities, events or developments that NTIC expects, believes or anticipates will or may occur in the future are forward-looking statements including, in particular, the statements about NTIC&#8217;s plans, objectives, strategies and prospects regarding, among other things, NTIC&#8217;s financial condition, results of operations and business, the outcome of contingencies such as legal proceedings and the effect of the liquidation of Tianjin Zerust and the establishment of NTIC China. NTIC has identified some of these forward-looking statements in this report with words like &#8220;believe,&#8221; &#8220;may,&#8221; &#8220;could,&#8221; &#8220;would,&#8221; &#8220;might,&#8221; &#8220;forecast,&#8221; &#8220;possible,&#8221; &#8220;potential,&#8221; &#8220;project,&#8221; &#8220;will,&#8221; &#8220;should,&#8221; &#8220;expect,&#8221; &#8220;intend,&#8221; &#8220;plan,&#8221; &#8220;predict,&#8221; &#8220;anticipate,&#8221; &#8220;estimate,&#8221; &#8220;approximate&#8221; &#8220;outlook&#8221; or &#8220;continue&#8221; or the negative of these words or other words and terms of similar meaning. The use of future dates is also an indication of a forward-looking statement. Forward-looking statements may be contained in the notes to NTIC&#8217;s consolidated financial statements and elsewhere in this report, including under the heading &#8220;<i>Management&#8217;s Discussion and Analysis of Financial Condition and Results of Operations</i>.&#8221;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">Forward-looking statements are based on current expectations about future events affecting NTIC and are subject to uncertainties and factors that affect all businesses operating in a global market as well as matters specific to NTIC. These uncertainties and factors are difficult to predict and many of them are beyond NTIC&#8217;s control. The following are some of the uncertainties and factors known to us that could cause NTIC&#8217;s actual results to differ materially from what NTIC has anticipated in its forward-looking statements:</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
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<tr style="VERTICAL-ALIGN: top">
<td style="WIDTH: 36pt">&nbsp;</td>
<td style="WIDTH: 13.5pt">&#8226;</td>
<td>NTIC&#8217;s operations in China, the termination of the joint venture agreements with Tianjin Zerust, the ongoing litigation against Mr. Tao Meng and Cortec Corporation and the anticipated liquidation of Tianjin Zerust and the effect of all these events on NTIC&#8217;s business and future operating results;</td></tr>
<tr style="VERTICAL-ALIGN: top">
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td></tr></table>
<table style="TEXT-INDENT: 0;MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; MARGIN-TOP: 0pt" cellspacing="0" cellpadding="0" width="100%">

<tr style="VERTICAL-ALIGN: top">
<td style="WIDTH: 36pt">&nbsp;</td>
<td style="WIDTH: 13.5pt">&#8226;</td>
<td>The effect of current worldwide economic conditions and turmoil and disruption in the global credit and financial markets on NTIC&#8217;s business;</td></tr>
<tr style="VERTICAL-ALIGN: top">
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td></tr></table>
<table style="TEXT-INDENT: 0;MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; MARGIN-TOP: 0pt" cellspacing="0" cellpadding="0" width="100%">

<tr style="VERTICAL-ALIGN: top">
<td style="WIDTH: 36pt">&nbsp;</td>
<td style="WIDTH: 13.5pt">&#8226;</td>
<td>The variability in NTIC&#8217;s sales of ZERUST<sup>&#174;</sup> products and services into oil and gas industry and Natur-Tec<sup>&#174;</sup>
products and NTIC&#8217;s equity income of joint ventures, which variability in sales and equity in income of joint venture in
turn, subject NTIC&#8217;s earnings to quarterly fluctuations;</td></tr>
<tr style="VERTICAL-ALIGN: top">
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td></tr></table>
<table style="TEXT-INDENT: 0;MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; MARGIN-TOP: 0pt" cellspacing="0" cellpadding="0" width="100%">

<tr style="VERTICAL-ALIGN: top">
<td style="WIDTH: 36pt">&nbsp;</td>
<td style="WIDTH: 13.5pt">&#8226;</td>
<td>Risks associated with NTIC&#8217;s international operations and exposure to fluctuations in foreign currency exchange rates and import duties and taxes;</td></tr>
<tr style="VERTICAL-ALIGN: top">
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td></tr></table>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>



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<tr style="VERTICAL-ALIGN: top; TEXT-ALIGN: left">
<td style="WIDTH: 100%; TEXT-ALIGN: center">13</td></tr></table></div>
<div style="PAGE-BREAK-BEFORE: always; MARGIN-TOP: 6pt">&nbsp;</div>
<table style="TEXT-INDENT: 0;MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; WIDTH: 100%; MARGIN-TOP: 0pt" cellspacing="0" cellpadding="0">

<tr style="VERTICAL-ALIGN: top">
<td style="WIDTH: 36pt">&nbsp;</td>
<td style="WIDTH: 13.5pt">&nbsp;</td>
<td>&nbsp;</td></tr></table>
<table style="TEXT-INDENT: 0;MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; MARGIN-TOP: 0pt" cellspacing="0" cellpadding="0" width="100%">

<tr style="VERTICAL-ALIGN: top">
<td style="WIDTH: 36pt">&nbsp;</td>
<td style="WIDTH: 13.5pt">&#8226;</td>
<td>The effect of the recent referendum vote of the United Kingdom to exit the European Union on NTIC&#8217;s operating results, including in particular future net sales of NTIC&#8217;s European and other joint ventures;</td></tr>
<tr style="VERTICAL-ALIGN: top">
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td></tr></table>
<table style="TEXT-INDENT: 0;MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; MARGIN-TOP: 0pt" cellspacing="0" cellpadding="0" width="100%">

<tr style="VERTICAL-ALIGN: top">
<td style="WIDTH: 36pt">&nbsp;</td>
<td style="WIDTH: 13.5pt">&#8226;</td>
<td>The health of the U.S. automotive industry on NTIC&#8217;s business;</td></tr>
<tr style="VERTICAL-ALIGN: top">
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td></tr></table>
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<tr style="VERTICAL-ALIGN: top">
<td style="WIDTH: 36pt">&nbsp;</td>
<td style="WIDTH: 13.5pt">&#8226;</td>
<td>NTIC&#8217;s dependence on the success of its joint ventures and fees and dividend distributions that NTIC receives from them;</td></tr>
<tr style="VERTICAL-ALIGN: top">
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td></tr></table>
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<tr style="VERTICAL-ALIGN: top">
<td style="WIDTH: 36pt">&nbsp;</td>
<td style="WIDTH: 13.5pt">&#8226;</td>
<td>NTIC&#8217;s relationships with its joint ventures and its ability to maintain those relationships, especially in light of anticipated succession planning issues;</td></tr>
<tr style="VERTICAL-ALIGN: top">
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td></tr></table>
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<tr style="VERTICAL-ALIGN: top">
<td style="WIDTH: 36pt">&nbsp;</td>
<td style="WIDTH: 13.5pt">&#8226;</td>
<td>Fluctuations in the cost and availability of raw materials, including resins and other commodities;</td></tr>
<tr style="VERTICAL-ALIGN: top">
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td></tr></table>
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<tr style="VERTICAL-ALIGN: top">
<td style="WIDTH: 36pt">&nbsp;</td>
<td style="WIDTH: 13.5pt">&#8226;</td>
<td>The success of and risks associated with NTIC&#8217;s emerging new businesses and products and services, including in particular
NTIC&#8217;s ability and the ability of NTIC&#8217;s joint ventures to sell ZERUST<sup>&#174;</sup> products and services into oil
and gas industry and Natur-Tec<sup>&#174;</sup> products and the often lengthy and extensive sales process involved in selling such
products and services;</td></tr>
<tr style="VERTICAL-ALIGN: top">
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td></tr></table>
<table style="TEXT-INDENT: 0;MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; MARGIN-TOP: 0pt" cellspacing="0" cellpadding="0" width="100%">

<tr style="VERTICAL-ALIGN: top">
<td style="WIDTH: 36pt">&nbsp;</td>
<td style="WIDTH: 13.5pt">&#8226;</td>
<td>NTIC&#8217;s ability to introduce new products and services that respond to changing market conditions and customer demand;</td></tr>
<tr style="VERTICAL-ALIGN: top">
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td></tr></table>
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<tr style="VERTICAL-ALIGN: top">
<td style="WIDTH: 36pt">&nbsp;</td>
<td style="WIDTH: 13.5pt">&#8226;</td>
<td>Market acceptance of NTIC&#8217;s existing and new products, especially in light of existing and new competitive products;</td></tr>
<tr style="VERTICAL-ALIGN: top">
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td></tr></table>
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<tr style="VERTICAL-ALIGN: top">
<td style="WIDTH: 36pt">&nbsp;</td>
<td style="WIDTH: 13.5pt">&#8226;</td>
<td>Maturation of certain existing markets for NTIC&#8217;s ZERUST<sup style="vertical-align: baseline; position: relative; bottom:.33em;">&#174;</sup> products and services and NTIC&#8217;s ability to grow market share and succeed in penetrating other existing and new markets;</td></tr>
<tr style="VERTICAL-ALIGN: top">
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td></tr></table>
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<tr style="VERTICAL-ALIGN: top">
<td style="WIDTH: 36pt">&nbsp;</td>
<td style="WIDTH: 13.5pt">&#8226;</td>
<td>Increased competition, especially with respect to NTIC&#8217;s ZERUST<sup style="vertical-align: baseline; position: relative; bottom:.33em;">&#174;</sup> products and services, and the effect of such competition on NTIC&#8217;s and its joint ventures&#8217; pricing, net sales and margins;</td></tr>
<tr style="VERTICAL-ALIGN: top">
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td></tr></table>
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<tr style="VERTICAL-ALIGN: top">
<td style="WIDTH: 36pt">&nbsp;</td>
<td style="WIDTH: 13.5pt">&#8226;</td>
<td>NTIC&#8217;s reliance upon and its relationships with its distributors, independent sales representatives and joint ventures;</td></tr>
<tr style="VERTICAL-ALIGN: top">
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td></tr></table>
<table style="TEXT-INDENT: 0;MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; MARGIN-TOP: 0pt" cellspacing="0" cellpadding="0" width="100%">

<tr style="VERTICAL-ALIGN: top">
<td style="WIDTH: 36pt">&nbsp;</td>
<td style="WIDTH: 13.5pt">&#8226;</td>
<td>NTIC&#8217;s reliance upon suppliers;</td></tr>
<tr style="VERTICAL-ALIGN: top">
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td></tr></table>
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<tr style="VERTICAL-ALIGN: top">
<td style="WIDTH: 36pt">&nbsp;</td>
<td style="WIDTH: 13.5pt">&#8226;</td>
<td>Oil prices, which may affect sales of NTIC&#8217;s ZERUST<sup style="vertical-align: baseline; position: relative; bottom:.33em;">&#174;</sup> products and services into the oil and gas industry;</td></tr>
<tr style="VERTICAL-ALIGN: top">
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td></tr></table>
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<tr style="VERTICAL-ALIGN: top">
<td style="WIDTH: 36pt">&nbsp;</td>
<td style="WIDTH: 13.5pt">&#8226;</td>
<td>The costs and effects of complying with laws and regulations and changes in tax, fiscal, government and other regulatory policies, including rules relating to environmental, health and safety matters;</td></tr>
<tr style="VERTICAL-ALIGN: top">
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td></tr></table>
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<tr style="VERTICAL-ALIGN: top">
<td style="WIDTH: 36pt">&nbsp;</td>
<td style="WIDTH: 13.5pt">&#8226;</td>
<td>Unforeseen product quality or other problems in the development, production and usage of new and existing products;</td></tr>
<tr style="VERTICAL-ALIGN: top">
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td></tr></table>
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<tr style="VERTICAL-ALIGN: top">
<td style="WIDTH: 36pt">&nbsp;</td>
<td style="WIDTH: 13.5pt">&#8226;</td>
<td>Unforeseen production expenses incurred in connection with new customers and new products;</td></tr>
<tr style="VERTICAL-ALIGN: top">
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td></tr></table>
<table style="TEXT-INDENT: 0;MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; MARGIN-TOP: 0pt" cellspacing="0" cellpadding="0" width="100%">

<tr style="VERTICAL-ALIGN: top">
<td style="WIDTH: 36pt">&nbsp;</td>
<td style="WIDTH: 13.5pt">&#8226;</td>
<td>Loss of or changes in executive management or key employees;</td></tr>
<tr style="VERTICAL-ALIGN: top">
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td></tr></table>
<table style="TEXT-INDENT: 0;MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; MARGIN-TOP: 0pt" cellspacing="0" cellpadding="0" width="100%">

<tr style="VERTICAL-ALIGN: top">
<td style="WIDTH: 36pt">&nbsp;</td>
<td style="WIDTH: 13.5pt">&#8226;</td>
<td>Ability of management to manage around unplanned events;</td></tr>
<tr style="VERTICAL-ALIGN: top">
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: top">
<td>&nbsp;</td></tr></table>
<div style="MARGIN-BOTTOM: 6pt; BORDER-BOTTOM: black 4pt solid; MARGIN-TOP: 12pt">
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<tr style="VERTICAL-ALIGN: top; TEXT-ALIGN: left">
<td style="WIDTH: 100%; TEXT-ALIGN: center">14</td></tr></table></div>
<div style="PAGE-BREAK-BEFORE: always; MARGIN-TOP: 6pt">&nbsp;</div>
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<tr style="VERTICAL-ALIGN: top">
<td style="WIDTH: 36pt">&nbsp;</td>
<td style="WIDTH: 13.5pt">&nbsp;</td>
<td>&nbsp;</td></tr></table>
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<tr style="VERTICAL-ALIGN: top">
<td style="WIDTH: 36pt">&nbsp;</td>
<td style="WIDTH: 13.5pt">&#8226;</td>
<td>Pending and future litigation;</td></tr>
<tr style="VERTICAL-ALIGN: top">
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td></tr></table>
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<tr style="VERTICAL-ALIGN: top">
<td style="WIDTH: 35.3pt">&nbsp;</td>
<td style="WIDTH: 14.2pt">&#8226;</td>
<td>NTIC&#8217;s reliance on its intellectual property rights and the absence of infringement of the intellectual property rights of others;</td></tr>
<tr style="VERTICAL-ALIGN: top">
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td></tr></table>
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<td>NTIC&#8217;s ability to maintain effective internal control over financial reporting, especially in light of its joint venture arrangements;</td></tr>
<tr style="VERTICAL-ALIGN: top">
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td></tr></table>
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<tr style="VERTICAL-ALIGN: top">
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<td>Changes in applicable laws or regulations and NTIC&#8217;s failure to comply with applicable laws, rules and regulations;</td></tr>
<tr style="VERTICAL-ALIGN: top">
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td></tr></table>
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<td>Changes in generally accepted accounting principles and the effect of new accounting pronouncements;</td></tr>
<tr style="VERTICAL-ALIGN: top">
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td></tr></table>
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<td>Fluctuations in NTIC&#8217;s effective tax rate; and</td></tr>
<tr style="VERTICAL-ALIGN: top">
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td></tr></table>
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<tr style="VERTICAL-ALIGN: top">
<td style="WIDTH: 36pt">&nbsp;</td>
<td style="WIDTH: 13.5pt">&#8226;</td>
<td>NTIC&#8217;s reliance upon its management information systems.</td></tr></table>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">For more information regarding these and other uncertainties and factors that could cause NTIC&#8217;s actual results to differ materially from what NTIC has anticipated in its forward-looking statements or otherwise could materially adversely affect its business, financial condition or operating results, see &#8220;<i>Part I. Item 1A. Risk Factors</i>.&#8221;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">All forward-looking statements included in this report are expressly qualified in their entirety by the foregoing cautionary statements. NTIC wishes to caution readers not to place undue reliance on any forward-looking statement that speaks only as of the date made and to recognize that forward-looking statements are predictions of future results, which may not occur as anticipated. Actual results could differ materially from those anticipated in the forward-looking statements and from historical results, due to the uncertainties and factors described above, as well as others that NTIC may consider immaterial or does not anticipate at this time. Although NTIC believes that the expectations reflected in its forward-looking statements are reasonable, NTIC does not know whether its expectations will prove correct. NTIC&#8217;s expectations reflected in its forward-looking statements can be affected by inaccurate assumptions NTIC might make or by known or unknown uncertainties and factors, including those described above. The risks and uncertainties described above are not exclusive and further information concerning NTIC and its business, including factors that potentially could materially affect its financial results or condition, may emerge from time to time. NTIC assumes no obligation to update, amend or clarify forward-looking statements to reflect actual results or changes in factors or assumptions affecting such forward-looking statements. NTIC advises you, however, to consult any further disclosures NTIC makes on related subjects in its annual reports on Form 10-K, quarterly reports on Form 10-Q and current reports on Form 8-K NTIC files with or furnishes to the Securities and Exchange Commission.</p>
<p style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; TEXT-ALIGN: justify; MARGIN: 0pt 0px; TEXT-INDENT: 0in">&nbsp;</p>
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<p style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; TEXT-ALIGN: justify; MARGIN: 0pt 0px; TEXT-INDENT: 0in"><a name="a_003"></a>Item 1A. RISK FACTORS</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">The following are the most significant factors known to NTIC that could materially adversely affect its business, operating results or financial condition.</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"><b><i>The termination of NTIC&#8217;s joint venture agreements with Tianjin Zerust and the formation and establishment of NTIC China have had and could continue to have a material adverse effect on NTIC&#8217;s operating results.</i></b></p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">Effective as of December 31, 2014, NTIC terminated its joint venture agreements with Tianjin Zerust, initiated the process to liquidate the joint venture entity and established a wholly-owned subsidiary to conduct business in China. NTIC&#8217;s consolidated financial statements include the financial results of NTIC China beginning with the second quarter of fiscal 2015. Tianjin Zerust was individually significant to NTIC&#8217;s consolidated assets and income. Accordingly, the termination of NTIC&#8217;s joint venture agreements with Tianjin Zerust adversely affected NTIC&#8217;s operating results, including in particular, its equity in income, fee income for services provided to joint ventures, and operating expenses during fiscal 2016 and fiscal 2015 since prior to December 31, 2014, NTIC accounted for its investment in Tianjin Zerust in NTIC&#8217;s consolidated financial statements utilizing the equity method of accounting. In addition, during fiscal 2016, NTIC incurred an impairment charge with respect to Tianjin Zerust, which adversely affected NTIC&#8217;s operating results for fiscal 2016.</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">NTIC anticipates that it will take time to transition Tianjin
Zerust customers to NTIC China and no assurance can be provided that NTIC China will be able to achieve the net sales and income
levels previously achieved by Tianjin Zerust. NTIC has incurred, and expects to continue to incur, significant operating expenses
associated with NTIC China and the anticipated liquidation of Tianjin Zerust and expects that NTIC&#8217;s operating results may
continue to be volatile as a result, especially since NTIC has commenced litigation against Mr. Tao Meng, Tianjin Zerust&#8217;s
other shareholder, and his spouse in order to force the liquidation of Tianjin Zerust. NTIC also has commenced litigation against
Cortec Corporation alleging, among other things, that Cortec Corporation aided and abetted breaches of duties and contractual commitments
owed to NTIC and NTI Asean related to Tianjin Zerust. During fiscal 2016, NTIC incurred approximately $3,410,000 in expenses related
either directly or indirectly to the establishment and initial business operations of NTIC China, the termination of the joint
venture agreements with Tianjin Zerust, NTIC&#8217;s ongoing litigation against Mr. Tao Meng and his spouse and NTIC&#8217;s ongoing
litigation against Cortec Corporation, the creation of a reserve against the accounts receivable balance from Tianjin Zerust, the
write-off of certain inventory and the asset impairment of NTIC&#8217;s joint venture interest in Tianjin Zerust.&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>



<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"><b><i>NTIC&#8217;s ongoing litigation is expensive and has had and may continue to have an adverse effect on NTIC&#8217;s business and operating results.</i></b></p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">During fiscal 2015, NTIC commenced litigation against Mr. Tao
Meng, Tianjin Zerust&#8217;s other shareholder, and his spouse in order to force the liquidation of Tianjin Zerust. NTIC also commenced
litigation against Cortec Corporation alleging, among other things, that Cortec Corporation aided and abetted breaches of duties
and contractual commitments owed to NTIC and NTI Asean related to Tianjin Zerust. Litigation is expensive and often uncertain.
There is no assurance that NTIC will be successful in these litigation matters. In the meantime, NTIC has incurred and expect to
continue to incur significant expenses in connection with this ongoing litigation. In addition, the ongoing litigation expense
has had and will continue to have an adverse effect on NTIC&#8217;s business and operating results so long as it is ongoing.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>



<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"><b><i></i></b></p>
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<td style="WIDTH: 100%; TEXT-ALIGN: center">16</td></tr></table></div>
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<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"><b><i>Any weakness in the global economy, and in particular in the United States, Europe and China, and in the automotive industry, may negatively impact NTIC&#8217;s business, operating results and financial condition. </i></b></p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">The U.S. and world economies continue to suffer from uncertainty, volatility, disruption and other adverse conditions, and those conditions continue to adversely impact the business community and the financial markets. There is no assurance when or the extent to which these economic and business conditions will improve in the future. These adverse economic and financial market conditions may negatively affect NTIC&#8217;s customers and its markets, and thus negatively impact its business and operating results. For example, weak market conditions could extend the length of NTIC&#8217;s sales cycle and cause potential customers to delay, defer or decline to make purchases of NTIC&#8217;s products and services due to uncertainties surrounding the future performance of their businesses, limitations on their capital expenditures due to internal budget constraints, the inability to obtain financing in the capital markets, and the adverse effects of the economy on their business and financial condition. As a result, if economic and financial market conditions continue to be weak or even deteriorate, then NTIC&#8217;s business, financial condition and operating results, including its ability to grow and expand its business and operations, could be materially and adversely affected.</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">NTIC&#8217;s operating results are especially dependent upon the economic health of the economies in the United States, Europe and China. Since a significant portion of NTIC&#8217;s ZERUST<sup style="vertical-align: baseline; position: relative; bottom:.33em;">&#174;</sup> rust and corrosion inhibiting products and services are sold to customers in the automotive industry, adverse economic conditions affecting the automotive industry again in particular may result in another adverse effect on NTIC&#8217;s net sales and its other operating results. Accordingly, any weakness in the global economy, and in particular in the United States, Europe and China, and in the automotive industry, may negatively impact NTIC&#8217;s business, operating results and financial condition.</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"><b><i>Global credit and financial markets in the past have experienced disruptions, including diminished liquidity and credit availability and rapid fluctuations in market valuations, which if they happen again, could negatively impact NTIC&#8217;s business, operating results and financial condition. </i></b></p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">Any tightening of the credit and financial markets as a result of the European sovereign
debt crisis or otherwise could negatively impact the ability of companies to borrow money from their existing lenders, obtain
credit from other sources or raise financing to fund their operations. This could negatively impact the ability of NTIC&#8217;s
customers and the customers of NTIC&#8217;s joint ventures to purchase NTIC&#8217;s products, suppliers&#8217; ability to provide
NTIC and its joint ventures with materials and components and the ability of NTIC and its joint ventures, distributors and sales
representatives to finance operations, if needed, on commercially reasonable terms, or at all. Any or all of these events could
negatively impact NTIC&#8217;s business, operating results and financial condition. Although NTIC maintains allowances for doubtful
accounts for estimated losses resulting from the inability of its customers, distributors and joint ventures to make required
payments and such losses historically have been within NTIC&#8217;s expectations and the provisions established, NTIC cannot guarantee
that it will continue to experience the same loss rates that it has in the past, especially if there are weaknesses in the worldwide
economy. A significant change in the liquidity or financial condition of NTIC&#8217;s customers, distributors or joint ventures
could cause unfavorable trends in NTIC&#8217;s receivable collections and additional allowances may be required, which could adversely
affect NTIC&#8217;s operating results. In addition, weaknesses in the worldwide economy may adversely impact the ability of suppliers
to provide NTIC with materials and components, which could adversely affect NTIC&#8217;s business and operating results. NTIC
is unable to predict the prospects for a global economic recovery, but the longer the duration of such adverse and uncertain economic
conditions, the greater the risks NTIC faces in operating its business.</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"></p>
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<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0px"><B><I>NTIC&#8217;s liquidity and financial position rely on the receipt of fees for
services provided to its joint ventures and dividend distributions from its joint ventures. No assurance can be provided that
NTIC will continue to receive such fees and dividend distributions in amounts NTIC historically has received or anticipates to
receive.</I></B></P>

<P STYLE="font-size: 10pt; margin: 0pt 0px">&nbsp;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0px">NTIC conducts business, either directly or indirectly through several joint venture arrangements that operate in North America, Europe and Asia. Each of these joint ventures manufactures, markets and sells finished products in the geographic territory that it is assigned. NTIC&#8217;s receipt of funds as a result of sales by its joint ventures is dependent upon NTIC&#8217;s receipt of fees for services that NTIC provides to its joint ventures based primarily on the net sales of the individual joint ventures and NTIC&#8217;s receipt of dividend distributions from its joint ventures based on the profitability of its joint ventures. NTIC&#8217;s liquidity and financial position rely on NTIC&#8217;s receipt of fees for services that NTIC provides to its joint ventures and dividend distributions from its joint ventures. During fiscal 2016, NTIC recognized $5,137,710 in fees and $5,503,314 in dividend distributions from its joint ventures. Because NTIC owns 50% or less of each of its joint venture entities, NTIC does not control the decisions of these entities regarding whether to pay dividends and, if paid, how much they should be in any given year. Thus, NTIC cannot guarantee that any of its joint ventures will pay dividends in any given year. The failure of NTIC&#8217;s joint ventures to declare dividends or the failure of NTIC to receive fees for services provided to joint ventures in amounts typically expected by NTIC could adversely affect NTIC&#8217;s liquidity and financial position.</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"><b><i>&nbsp;</i></b></p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"><b><i>Since a significant portion of NTIC&#8217;s earnings results from NTIC&#8217;s equity income from joint ventures and since NTIC&#8217;s equity income from joint ventures varies from quarter to quarter, NTIC&#8217;s earnings are subject to quarterly fluctuations.</i></b></p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">A significant portion of NTIC&#8217;s earnings results from NTIC&#8217;s equity income from its joint ventures. NTIC&#8217;s equity in income from joint ventures consists of NTIC&#8217;s share of equity in income from its joint ventures based on the overall profitability of the joint ventures. Such profitability varies from quarter to quarter. Since NTIC&#8217;s management typically receives quarterly joint venture financial information after the completion of each fiscal quarter, it is impossible for NTIC&#8217;s management to cut costs and expenses to make up for any unanticipated shortfall in NTIC&#8217;s equity income from joint ventures. Accordingly, the variability in NTIC&#8217;s equity income from joint ventures, in turn, subjects NTIC&#8217;s earnings to quarterly fluctuations.</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"><b><i>Out of NTIC&#8217;s joint ventures, NTIC&#8217;s joint venture in Germany is the most significant in terms of assets and income to NTIC. If sales of NTIC&#8217;s products and services by this joint venture were to decline significantly or if NTIC&#8217;s relationships with this joint venture were to deteriorate significantly, NTIC&#8217;s operating results likely would be adversely affected. </i></b></p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">NTIC considers its joint venture in Germany, EXCOR, to be individually significant to NTIC&#8217;s consolidated assets and income; and therefore, provides certain additional information regarding this joint venture entity in the notes to NTIC&#8217;s consolidated financial statements and in certain sections of this report. Of the total equity in income from joint ventures of $4,739,704 during fiscal 2016, NTIC had equity in income from joint ventures of $3,534,113 attributable to EXCOR. Of the total fee income for services provided to joint ventures of $5,137,710 during fiscal 2016, fees of $845,857 were attributable to EXCOR. Accordingly, if sales of NTIC&#8217;s products and services by this joint venture were to decline significantly or if NTIC&#8217;s relationships with this joint venture or joint venture partner were to deteriorate significantly such that the joint venture is terminated or not motivated to sell NTIC&#8217;s products and services, NTIC&#8217;s operating results likely would be adversely affected.</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"></p>
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<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"><b><i>NTIC&#8217;s international business, which is conducted primarily through its subsidiaries and joint ventures, requires management attention and financial resources and exposes NTIC to difficulties and risks presented by international economic, political, legal, accounting and business factors.</i></b></p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">NTIC sells products and services directly, through its wholly-owned and majority-owned subsidiaries, and indirectly via a network of joint ventures, independent distributors, manufacturer&#8217;s sales representatives and agents in over 60 countries, including countries in North America, South America, Europe, Asia and the Middle East. One of NTIC&#8217;s strategic objectives is the continued expansion of its international operations. The expansion of NTIC&#8217;s existing international operations and entry into additional international markets require management attention and financial resources.</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">The sale and shipping of products and services across international borders subject NTIC to extensive U.S. and foreign governmental trade regulations. Compliance with such regulations is costly and exposes NTIC to penalties for non-compliance. Other laws and regulations that can significantly impact NTIC include various anti-bribery laws, including the U.S. Foreign Corrupt Practices Act, laws restricting business with suspected terrorists and anti-boycott laws. Any failure to comply with applicable legal and regulatory obligations could impact NTIC in a variety of ways that include, but are not limited to, significant criminal, civil and administrative penalties, including imprisonment of individuals, fines and penalties, denial of export privileges, seizure of shipments and restrictions on certain business activities. Also, the failure to comply with applicable legal and regulatory obligations could result in the disruption of NTIC&#8217;s shipping and sales activities.</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">Many of the countries in which NTIC sells its products directly or indirectly through NTIC China, Zerust Brazil, Natur-Tec India, Zerust Mexico, NTI Asean, its joint ventures, distributors, representatives and agents are, to some degree, subject to political, economic and/or social instability. NTIC&#8217;s international operations expose NTIC and its joint venture partners, distributors, representatives and agents to risks inherent in operating in foreign jurisdictions. These risks include:</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
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<td>difficulties in managing and staffing international operations and the required infrastructure costs including legal, tax, accounting and information technology;</td></tr></table>
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<td>the imposition of additional U.S. and foreign governmental controls or regulations, new trade restrictions and restrictions on the activities of foreign agents, representatives and distributors, the imposition of costly and lengthy export licensing requirements and changes in duties and tariffs, license obligations and other non-tariff barriers to trade;</td></tr></table>
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<td>the imposition of U.S. and/or international sanctions against a country, company, person or entity with whom NTIC does business that would restrict or prohibit continued business with the sanctioned country, company, person or entity;</td></tr></table>
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<td>pricing pressure that NTIC or its joint ventures, distributors, representatives and agents may experience internationally;</td></tr></table>
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<td>laws and business practices favoring local companies;</td></tr></table>
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<td>currency exchange rate fluctuations;</td></tr></table>
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<td>longer payment cycles and difficulties in enforcing agreements and collecting receivables through certain foreign legal systems;</td></tr></table>
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<td>difficulties in enforcing or defending intellectual property rights;</td></tr></table>
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<td>multiple, changing and often inconsistent enforcement of laws and regulations; and</td></tr></table>
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<td>the potential payment of U.S. income taxes on certain earnings of joint ventures upon repatriation.</td></tr></table>
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<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px; TEXT-INDENT: 0in">Furthermore, in June 2016, the United Kingdom held a referendum in which voters approved an exit from the European Union, commonly referred to as &#8220;Brexit.&#8221; As a result of the referendum, negotiations are expected to commence to determine the future terms of the United Kingdom&#8217;s relationship with the European Union, including the terms of trade between the United Kingdom and the European Union. Although it is unknown what those terms will be, it is possible that there will be greater restrictions on the movement of goods and people between the United Kingdom and European Union countries and increased regulatory complexities, which could affect NTIC&#8217;s ability to sell its products in certain European Union countries. Brexit could adversely affect European and worldwide economic and market conditions and could contribute to instability in global financial and foreign exchange markets, including volatility in the value of the British pound and Euro. In addition, other European countries may seek to conduct referenda with respect to continuing membership with the European Union. NTIC does not know to what extent these changes will impact its business. Any of these effects of Brexit, and others that NTIC cannot anticipate, could adversely affect its business, operations and financial results.</p>
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<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px; TEXT-INDENT: 0in"><b><i></i></b></p>
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<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px; TEXT-INDENT: 0in"><b><i>Failure to comply with the U.S. Foreign Corrupt Practices Act could subject NTIC to, among other things, penalties and legal expenses that could harm its reputation and have a material adverse effect on its business, financial condition and results of operations.</i></b></p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px 0pt 18.7pt; TEXT-INDENT: 0in"><b><i>&nbsp;</i></b></p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px; TEXT-INDENT: 0in">NTIC is subject to the U.S. Foreign Corrupt Practices Act, or the FCPA, which generally prohibits covered entities and their intermediaries from engaging in bribery or making other prohibited payments to foreign officials for the purpose of obtaining or retaining business or other benefits. In addition, the FCPA imposes accounting standards and requirements on U.S. publicly traded corporations and their foreign affiliates, which are intended to prevent the diversion of corporate funds to the payment of bribes and other improper payments, and to prevent the establishment of &#8220;off books&#8221; slush funds from which such improper payments can be made. NTIC also is subject to similar anticorruption legislation implemented in Europe under the Organization for Economic Co-operation and Development&#8217;s Convention on Combating Bribery of Foreign Public Officials in International Business Transactions. NTIC and its joint ventures, distributors, independent representatives and agents operate in a number of jurisdictions that pose a high risk of potential violations of the FCPA and other anticorruption laws, based on measurements such as Transparency International&#8217;s Corruption Perception Index, and NTIC utilizes a number of joint ventures, distributors, independent representatives and agents for whose actions NTIC could be held liable under the FCPA. NTIC informs its personnel, joint ventures, distributors, independent representatives and agents of the requirements of the FCPA and other anticorruption laws, including, but not limited to their reporting requirements. NTIC also has developed and will continue to develop and implement systems for formalizing contracting processes, performing due diligence on agents and improving its recordkeeping and auditing practices regarding these regulations. However, there is no guarantee that NTIC&#8217;s employees, joint ventures, distributors, independent representatives or other agents have not or will not engage in conduct undetected by NTIC&#8217;s processes and for which NTIC might be held responsible under the FCPA or other anticorruption laws.</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px; TEXT-INDENT: 0in">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">If NTIC&#8217;s employees, joint ventures, distributors, third-party sales representatives or other agents are found to have engaged in such practices, NTIC could suffer severe penalties, including criminal and civil penalties, disgorgement and other remedial measures, including further changes or enhancements to its procedures, policies and controls, as well as potential personnel changes and disciplinary actions.</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">Certain private and foreign companies, including some of NTIC&#8217;s competitors, are not subject to prohibitions as strict as those under the FCPA or, even if subjected to strict prohibitions, such prohibitions may be laxly enforced in practice. If NTIC&#8217;s competitors engage in corruption, extortion, bribery, pay-offs, theft or other fraudulent practices, they may receive preferential treatment from personnel of some companies or from government officials, giving NTIC&#8217;s competitors an advantage in securing business and which would put NTIC at a disadvantage.</p>
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<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"><b><i>Fluctuations in foreign currency exchange rates could result in declines in NTIC&#8217;s earnings and changes in NTIC&#8217;s foreign currency translation adjustments.</i></b></p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">Because the functional currency of NTIC&#8217;s foreign operations is the applicable local currency, NTIC is exposed to foreign currency exchange rate risk arising from transactions in the normal course of business. NTIC&#8217;s principal exchange rate exposure is with the Euro, the Japanese yen, Indian Rupee, Chinese Renminbi, Korean won and the English pound against the U.S. dollar. NTIC&#8217;s fees for services provided to its joint ventures and dividend distributions from these foreign entities are paid in foreign currencies; and thus, fluctuations in foreign currency exchange rates could result in declines in NTIC&#8217;s earnings. Any changes in foreign currency exchange rates would be reflected as a foreign currency translation adjustment and would not change NTIC&#8217;s equity in income from joint ventures reflected in its consolidated statements of operations. NTIC does not hedge against its foreign currency exchange rate risk.</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"><b><i>Economic uncertainty in developing markets could adversely affect NTIC&#8217;s revenue and earnings. </i></b></p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">NTIC conducts business, or is contemplating expansion, in developing markets with economies that tend to be more volatile than those in the United States and Western Europe. The risk of doing business in developing markets such as China, Brazil, India, Russia, the United Arab Emirates, Mexico and other economically volatile areas could adversely affect NTIC&#8217;s operations and earnings. Such risks include the financial instability among customers in these regions, political instability, fraud or corruption and other non-economic factors such as irregular trade flows that need to be managed successfully with the help of the local governments. In addition, commercial laws in some developing countries can be vague, inconsistently administered and retroactively applied. If NTIC is deemed not to be in compliance with applicable laws in developing countries where NTIC conducts business, its prospects and business in those countries could be harmed, which could then have a material adverse impact on NTIC&#8217;s operating results and financial position. NTIC&#8217;s failure to successfully manage economic, political and other risks relating to doing business in developing countries and economically and politically volatile areas could adversely affect its business.</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"><b><i>NTIC faces intense competition in almost all of its product lines, including from competitors that have substantially greater resources than NTIC does. No assurance can be provided that NTIC will be able to compete effectively, which would harm its business and operating results.</i></b></p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">NTIC&#8217;s products are sold in intense competitive markets throughout the world. This intense competition could result in pricing pressures, lower sales, reduced margins and lower market share. The principal competitive factors in NTIC&#8217;s corrosion prevention solutions markets are pricing, product innovation, quality and reliability, product support, customer service and reputation. Additional competitive factors present in NTIC&#8217;s bioplastics business are brand awareness, distribution network, product availability, product offering, shelf life and place of manufacture. NTIC often competes with numerous manufacturers, many of which have substantially greater financial, marketing, and other resources than NTIC. As a result, they may be able to adapt more quickly than NTIC to new or emerging technologies, industry trends, and changes in customer requirements, or to devote greater resources to the promotion and sale of their products than NTIC. In addition, competition could increase if new companies enter the markets in which NTIC competes, especially when the barriers to entry are low, which may be true with respect to NTIC&#8217;s rust and corrosion prevention business, or if existing competitors expand their product lines or intensify efforts within existing product lines. NTIC&#8217;s current products, products under development and its ability to develop new and improved products may be insufficient to enable NTIC to compete effectively with its competitors. No assurance can be provided that NTIC will be able to compete effectively, which would harm its business and operating results. In particular, NTIC has experienced more intense competition with respect to many of its traditional ZERUST<sup style="vertical-align: baseline; position: relative; bottom:.33em;">&#174;</sup> rust and corrosion inhibiting products and services, which have led to decreased pricing and smaller margins for NTIC. NTIC anticipates that such intense competition likely will continue and that new competitors may emerge, including plastic extrusion companies, which would continue to adversely affect NTIC&#8217;s operating results.</p>
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<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"><b><i>NTIC&#8217;s ZERUST<sup style="vertical-align: baseline; position: relative; bottom:.33em;">&#174;</sup> rust and corrosion inhibiting products and services generate a significant portion of NTIC&#8217;s net sales and the net sales of NTIC&#8217;s joint ventures. Accordingly, if sales of these products and services were to decline, NTIC&#8217;s operating results would be adversely affected. </i></b></p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">NTIC&#8217;s ZERUST<sup style="vertical-align: baseline; position: relative; bottom:.33em;">&#174;</sup> rust and corrosion inhibiting products and services generate a significant portion of NTIC&#8217;s net sales and the net sales of NTIC&#8217;s joint ventures. During fiscal 2016, 83.7% of NTIC&#8217;s consolidated net sales were derived from sales of ZERUST<sup style="vertical-align: baseline; position: relative; bottom:.33em;">&#174;</sup> rust and corrosion inhibiting products and services. While the net sales of NTIC&#8217;s joint ventures are not included in NTIC&#8217;s net sales on NTIC&#8217;s consolidated financial statements, NTIC&#8217;s receipt of fees for services that NTIC provides to its joint ventures and NTIC&#8217;s receipt of dividend distributions from its joint ventures is based primarily on the revenues and profitability of the joint ventures. Accordingly, if sales of these products and services were to decline due to increased competition, the introduction of a new disruptive technology or otherwise, NTIC&#8217;s operating results would be adversely affected.</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"><b><i>&nbsp;</i></b></p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"><b><i>If NTIC is unable to continue to enhance its existing products and develop and market new products that respond to customer needs and achieve market acceptance, NTIC may experience a decrease in demand for its products, and its business could suffer.</i></b></p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">One of NTIC&#8217;s strategies is to enhance its existing products and develop and market new products that respond to customer needs. NTIC may not be able to compete effectively with its competitors unless NTIC can keep up with existing or new products or alternative technologies in the markets in which it competes. Product development requires significant research and development, financial and other resources. Although in the past NTIC has implemented lean manufacturing and other productivity improvement initiatives to provide investment funding for new products, no assurance can be provided that NTIC will be able to continue to do so in the future. Product improvements and new product introductions also require significant planning, design, development and testing at the technological, product, and manufacturing process levels and NTIC may not be able to timely develop product improvements or new products. NTIC&#8217;s competitors&#8217; new products may beat NTIC&#8217;s products to market, may be more effective or less expensive than NTIC&#8217;s products or render NTIC&#8217;s products obsolete. Any new products that NTIC may develop may not receive market acceptance or otherwise generate any meaningful net sales or profits for NTIC relative to its expectations, based on, among other things, existing and anticipated investments in manufacturing capacity and commitments to fund advertising, marketing, promotional programs, and research and development.</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"><b><i>NTIC has invested and intends to continue to invest additional research and development and marketing efforts and resources into the application of its corrosion prevention solutions into the oil and gas industry and the continued launch of its Natur-Tec<sup style="vertical-align: baseline; position: relative; bottom:.33em;">&#174;</sup> resin compounds and finished products. No assurance can be provided, however, that NTIC&#8217;s investments in these new markets and products will be successful and result in additional revenue to NTIC.</i></b></p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">In an effort to increase net sales, NTIC has expanded the marketing of its corrosion prevention solutions into the oil and gas industry and its Natur-Tec<sup style="vertical-align: baseline; position: relative; bottom:.33em;">&#174;</sup> resin compounds and finished products. The majority of NTIC&#8217;s research and development expense in fiscal 2016 was spent in connection with research and development activities related to these two strategic initiatives. NTIC expects to continue to invest additional research and development and marketing efforts and resources into these strategic initiatives. No assurance can be provided, however, that such strategic initiatives will be successful or that NTIC will be successful in obtaining additional revenue as a result of them. The introduction of new products into new markets takes significant resources and there can be no assurance that NTIC is dedicating a sufficient amount of resources to ensure the success of these strategic initiatives. The sale of NTIC&#8217;s ZERUST<sup style="vertical-align: baseline; position: relative; bottom:.33em;">&#174;</sup> rust and corrosion inhibiting products and services into the oil and gas industry, in particular, typically involves a long sales cycle, often including a one- to multi-year trial period with each customer and a slow integration process thereafter. This long sales cycle may cause NTIC&#8217;s management, stockholders and investors to lose faith in the business opportunities for NTIC&#8217;s ZERUST<sup style="vertical-align: baseline; position: relative; bottom:.33em;">&#174;</sup> rust and corrosion inhibiting products and services in the oil and gas industry.</p>
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<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"><b><i>The expansion of NTIC&#8217;s corrosion prevention solutions into the oil and gas industry and the continued launch of NTIC&#8217;s Natur-Tec<sup style="vertical-align: baseline; position: relative; bottom:.33em;">&#174;</sup> resin compounds and finished products may require additional capital in the future, which may not be available or may be available only on unfavorable terms. In addition, any equity financings may be dilutive to NTIC&#8217;s stockholders.</i></b></p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">The expansion of NTIC&#8217;s corrosion prevention solutions into the oil and gas industry and the continued launch of NTIC&#8217;s Natur-Tec<sup style="vertical-align: baseline; position: relative; bottom:.33em;">&#174;</sup> resin compounds and finished products will continue to require significant resources during fiscal 2017 and beyond. To the extent that NTIC&#8217;s existing capital, including amounts available under its revolving line of credit, is insufficient to meet these requirements, NTIC may raise additional capital through financings or additional borrowings. Any equity or debt financing, if available at all, may be on terms that are not favorable to NTIC and any equity financings could result in dilution to NTIC&#8217;s stockholders.</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"><b><i>NTIC&#8217;s strategy of expanding its corrosion prevention solutions into the oil and gas industry and continuing its launch of its Natur-Tec<sup style="vertical-align: baseline; position: relative; bottom:.33em;">&#174;</sup> bioplastics resin compounds and finished products is risky and may not prove to be successful, which could harm NTIC&#8217;s operating results and financial condition.</i></b></p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">NTIC&#8217;s strategy of expanding its corrosion prevention solutions into the oil and gas industry and continuing its launch of its Natur-Tec<sup style="vertical-align: baseline; position: relative; bottom:.33em;">&#174;</sup> bioplastics resin compounds and finished products, either directly or indirectly through joint ventures and independent distributors and agents, is risky and subject to all of the risks inherent in the establishment of a new business enterprise, including:</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
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<td>the absence of a significant operating history;</td></tr></table>
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<td>the lack of commercialized products;</td></tr></table>
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<td>the lack of market acceptance of new products;</td></tr></table>
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<td>expected substantial and continual losses for such businesses for the foreseeable future;</td></tr></table>
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<td>the lack of manufacturing experience and limited marketing experience;</td></tr></table>
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<td>an expected reliance on third parties for the manufacture and commercialization of some of the products;</td></tr></table>
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<td>a competitive environment characterized by numerous, well-established and well-capitalized competitors;</td></tr></table>
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<td>insufficient capital and other resources; and</td></tr></table>
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<td>reliance on key personnel.</td></tr></table>
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<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"><b><i>NTIC relies on others for its production and any interruptions of these arrangements could disrupt NTIC&#8217;s ability to fill its customers&#8217; orders. </i></b></p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">NTIC utilizes contract manufacturers for a significant portion of its production requirements. The majority of NTIC&#8217;s manufacturing is conducted in the United States by contract manufacturers that also perform services for numerous other companies. NTIC does not have a guaranteed level of production capacity with any of its contract manufacturers. Qualifying new contract manufacturers is time consuming and might result in unforeseen manufacturing and operations problems. The loss of NTIC&#8217;s relationships with its contract manufacturers or their inability to conduct their manufacturing and assembly services for NTIC as anticipated in terms of capacity, cost, quality and timeliness could adversely affect NTIC&#8217;s ability to fill customer orders in accordance with required delivery, quality, and performance requirements, and thus adversely affect NTIC&#8217;s net sales and other operating results.</p>
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<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"><b><i>NTIC&#8217;s dependence on key suppliers puts NTIC at risk of interruptions in the availability of its products, which could reduce its net sales and adversely affect its operating results and harm its reputation.</i></b></p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">NTIC relies on suppliers for certain raw materials and components used in its products. For reasons of quality assurance, cost effectiveness or availability, NTIC procures certain raw materials and components from sole or limited source suppliers. NTIC generally acquires such raw materials and components through purchase orders placed in the ordinary course of business, and as a result, NTIC does not have a significant inventory of these materials and components and does not have any guaranteed or contractual supply arrangements with many of these suppliers for these materials and components. NTIC&#8217;s dependence on third-party suppliers involves several risks, including limited control over pricing, availability, quality and delivery schedules, as well as manufacturing yields and costs. Suppliers of such raw materials and components may decide, or be required, for reasons beyond NTIC&#8217;s control to cease supplying such raw materials and components to NTIC or to raise their prices. Shortages of raw materials, quality control problems, production capacity constraints or delays by suppliers could negatively affect NTIC&#8217;s ability to meet its production obligations and result in increased prices for affected parts. Any such shortage, constraint or delay may result in delays in shipments of products or components, which could adversely affect NTIC&#8217;s net sales and other operating results, and its reputation. From time to time, materials and components used in NTIC&#8217;s products are subject to allocation because of shortages of these materials and components. With respect to NTIC&#8217;s Natur-Tec<sup style="vertical-align: baseline; position: relative; bottom:.33em;">&#174;</sup> resin compounds and finished products, there are a limited number of suppliers of the base resins used to manufacture NTIC&#8217;s Natur-Tec<sup style="vertical-align: baseline; position: relative; bottom:.33em;">&#174;</sup> resin compounds and finished products, and in the past, NTIC has experienced some delay in obtaining such base resins. In addition, a number of raw materials and purchased parts used in NTIC&#8217;s rust and corrosion inhibiting products and Natur-Tec<sup style="vertical-align: baseline; position: relative; bottom:.33em;">&#174;</sup> finished products are sourced from suppliers who currently serve as NTIC&#8217;s sole source of supply for these components. Future shortages of materials and components could cause delayed shipments and customer dissatisfaction and adversely affect net sales.</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"><b><i>Increases in prices for raw materials and components used in NTIC&#8217;s products could adversely affect NTIC&#8217;s operating results.</i></b></p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">NTIC uses certain raw materials and components in its products, including in particular plastic resins, which are subject to price increases. Increases in prices for raw materials and components used in NTIC&#8217;s products could adversely affect NTIC&#8217;s gross margins and other operating results.</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"><b><i>The commercial success of NTIC&#8217;s Natur-Tec<sup style="vertical-align: baseline; position: relative; bottom:.33em;">&#174;</sup> resin compounds and finished products depends on the widespread market acceptance of products manufactured with biobased and biodegradable resins. </i></b></p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">Although there is a developed market for petroleum-based plastics, the market for &#8220;bio-plastics&#8221; which are plastics produced with biobased resins, which are derived from renewable resources such as corn or cellulosic/plant material or blends thereof, or plastics that are engineered to be fully biodegradable or both, is still developing. The commercial success of NTIC&#8217;s Natur-Tec<sup style="vertical-align: baseline; position: relative; bottom:.33em;">&#174;</sup> resin compounds and finished products depends on the widespread market acceptance of products manufactured with biobased and biodegradable resins. It is currently difficult to assess or predict with any assurance the potential size, timing and viability of market opportunities for NTIC&#8217;s Natur-Tec<sup style="vertical-align: baseline; position: relative; bottom:.33em;">&#174;</sup> resin compounds and finished products. The traditional plastics market sector is well-established with entrenched competitors with whom NTIC competes. Pricing for traditional plastics has been highly volatile in recent years, which drive, to some extent, the commercial and other support for bioplastics. While NTIC expects to be able to command a premium price for its Natur-Tec<sup style="vertical-align: baseline; position: relative; bottom:.33em;">&#174;</sup> resin compounds and finished products, a widening gap in the pricing for bioplastics versus petroleum-based plastics may reduce the size of the addressable market for NTIC&#8217;s Natur-Tec<sup style="vertical-align: baseline; position: relative; bottom:.33em;">&#174;</sup> resin compounds and finished products. In addition, the growth of the market will create some pressure on price for applications today considered commodities, including in particular NTIC&#8217;s current Natur-Tec<sup style="vertical-align: baseline; position: relative; bottom:.33em;">&#174;</sup> finished products.</p>
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<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"><b><i>NTIC&#8217;s business, properties and products are subject to governmental regulation and taxes, compliance with which may require NTIC to incur expenses or modify its products or operations, and which may expose NTIC to penalties for non-compliance. Governmental regulation also may adversely affect the demand for some of NTIC&#8217;s products and its operating results.</i></b></p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">NTIC&#8217;s business, properties and products are subject to a wide variety of international, federal, state and local laws, rules, taxes and regulations relating to the protection of the environment, natural resources, and worker health and safety and the use, management, storage, and disposal of hazardous substances, wastes and other regulated materials. These laws, rules and regulations may affect the way NTIC conducts its operations, and the failure to comply with these regulations could lead to fines and other penalties. Because NTIC owns and operates real property, various environmental laws also may impose liability on NTIC for the costs of cleaning up and responding to hazardous substances that may have been released on NTIC&#8217;s property, including releases unknown to NTIC. These environmental laws and regulations also could require NTIC to pay for environmental remediation and response costs at third-party locations where NTIC disposed of or recycled hazardous substances. NTIC&#8217;s future costs of complying with the various environmental requirements, as they now exist or may be altered in the future, could adversely affect NTIC&#8217;s financial condition and operating results. NTIC is also subject to other international, federal and state laws, rules and regulations, the future non-compliance with which may harm NTIC&#8217;s business or may adversely affect the demand for some of its products. Changes in laws and regulations, including changes in accounting standards and taxation changes, including tax rate changes, new tax laws, revised tax law interpretations, also may adversely affect NTIC&#8217;s operating results.</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"><b><i>Fluctuations in NTIC&#8217;s effective tax rate could have a significant impact on NTIC&#8217;s financial position, results of operations or cash flows.</i></b></p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">The mix of pre-tax income or loss among the tax jurisdictions in which NTIC operates that have varying tax rates could impact NTIC&#8217;s effective tax rate. NTIC is subject to income taxes as well as non-income based taxes, in both the United States and various foreign jurisdictions. Judgment is required in determining the worldwide provision for income taxes, other tax liabilities, interest and penalties. Future events could change management&#8217;s assessment. NTIC operates within multiple taxing jurisdictions and is subject to tax audits in these jurisdictions. These audits can involve complex issues, which may require an extended period of time to resolve. NTIC also has made assumptions about the realization of deferred tax assets. Changes in these assumptions could result in a valuation allowance for these assets. Final determination of tax audits or tax disputes may be different from what is currently reflected by NTIC&#8217;s income tax provisions and accruals.</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"><b><i>&nbsp;</i></b></p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"><b><i>NTIC may grow its business through additional joint ventures, alliances and acquisitions, which could be risky and harm its business.</i></b></p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">One of NTIC&#8217;s growth strategies may be to expand its business by entering into additional joint ventures and alliances and acquiring businesses, technologies and products that complement or augment NTIC&#8217;s existing products. The benefits of a joint venture, alliance or acquisition may take more time than expected to develop, and NTIC cannot guarantee that any future joint ventures, alliances or acquisitions will in fact produce the intended benefits. In addition, joint ventures, alliances and acquisitions involve a number of risks, including:</p>
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<td>diversion of management&#8217;s attention;</td></tr></table>
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<td>difficulties in assimilating the operations and products of a new joint venture or acquired business or in realizing projected efficiencies, cost savings and revenue synergies;</td></tr></table>
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<td>potential loss of key employees or customers of the new joint venture or acquired business or adverse effects on existing business relationships with suppliers and customers;</td></tr></table>
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<td>adverse impact on overall profitability if the new joint venture or acquired business does not achieve the financial results projected in NTIC&#8217;s valuation models;</td></tr>
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<td>reallocation of amounts of capital from other operating initiatives and/or an increase in NTIC&#8217;s leverage and debt service requirements to pay the joint venture capital contribution or the acquisition purchase price, which could in turn restrict NTIC&#8217;s ability to access additional capital when needed or to pursue other important elements of NTIC&#8217;s business strategy;</td></tr></table>
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<td>inaccurate assessment of undisclosed, contingent or other liabilities or problems and unanticipated costs associated with the new joint venture or acquisition; and</td></tr></table>
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<td>incorrect estimates made in the accounting for acquisitions, occurrence of non-recurring charges and write-off of significant amounts of goodwill that could adversely affect NTIC&#8217;s operating results.</td></tr></table>
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<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">NTIC&#8217;s ability to grow through joint ventures, alliances and acquisitions will depend, in part, on the availability of suitable opportunities at an acceptable cost, NTIC&#8217;s ability to compete effectively for these opportunities and the availability of capital to complete such transactions.</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"><b>&nbsp;</b></p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"><b><i>NTIC relies on its joint ventures, distributors, manufacturer&#8217;s sales representatives and other agents to market and sell its products.</i></b></p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">In addition to its direct sales force, NTIC relies on its joint ventures, distributors, manufacturer&#8217;s sales representatives and other agents to market and sell its products in the United States and internationally. NTIC&#8217;s joint ventures, distributors, manufacturer&#8217;s sales representatives and other agents might terminate their relationship with NTIC, or devote insufficient sales efforts to NTIC&#8217;s products. NTIC does not control its joint ventures, distributors, manufacturer&#8217;s sales representatives and other agents and they may not be successful in implementing NTIC&#8217;s marketing plans. NTIC&#8217;s failure to maintain its existing relationships with these entities, or its failure to recruit and retain additional skilled joint venture partners, distributors, manufacturer&#8217;s sales representatives and other agents could have an adverse effect on NTIC&#8217;s operations. It is anticipated that several of NTIC&#8217;s joint venture partners will retire during the next several years which will require a transition on the part of the joint venture as well as NTIC and could harm NTIC&#8217;s relationship with the joint venture and NTIC&#8217;s business.</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"><b><i>NTIC may be subject to product liability claims or other claims arising out of the activities of its joint ventures, which could adversely affect NTIC and its business.</i></b></p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">While NTIC is not aware of any specific potential risk beyond its initial investment in and any undistributed earnings of each of its joint ventures, there can be no assurance that NTIC will not be subject to lawsuits based on product liability claims or other claims arising out of the activities of its joint ventures. To mitigate the ramifications of such an occurrence, NTIC maintains liability insurance specifically applicable to its ownership positions in its joint venture arrangements in excess of any insurance the joint ventures may maintain. No assurance can be provided, however, that such insurance will be available or adequate in the event of a claim.</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"><b><i>The sale of ZERUST<sup style="vertical-align: baseline; position: relative; bottom:.33em;">&#174;</sup> rust and corrosion inhibiting products into the oil and gas industry is especially risky in light of the hazards typically associated with such operations and the significant amount of potential liability involved, which could adversely affect NTIC&#8217;s business if ZERUST<sup style="vertical-align: baseline; position: relative; bottom:.33em;">&#174;</sup> rust and corrosion inhibiting products are involved, even if the cause of such events was not related to NTIC&#8217;s products.</i></b></p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">Because NTIC sells its ZERUST<sup style="vertical-align: baseline; position: relative; bottom:.33em;">&#174;</sup> rust and corrosion inhibiting products into the oil and gas industry, NTIC is subject to some of the risks and hazards typically associated with such operations, including hazards such as fire, explosion, blowouts, cratering, unplanned gas releases and spills, each of which could be claimed to be attributed to the failure of NTIC&#8217;s products to perform as anticipated. If such events occur and NTIC&#8217;s products are involved, NTIC&#8217;s business and operating results may suffer even if the cause of such events was not related to NTIC&#8217;s products.</p>
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<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"><b><i>The sale of ZERUST<sup style="vertical-align: baseline; position: relative; bottom:.33em;">&#174;</sup> rust and corrosion inhibiting products into the oil and gas industry is somewhat seasonal and dependent upon oil prices. </i></b></p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">In the past, NTIC has experienced some seasonality with respect to the sale of its ZERUST<sup style="vertical-align: baseline; position: relative; bottom:.33em;">&#174;</sup> rust and corrosion inhibiting products into the oil and gas industry, with sales during parts of the second and third fiscal quarters being adversely affected by winter in the United States. In addition, the sale of NTIC&#8217;s ZERUST<sup style="vertical-align: baseline; position: relative; bottom:.33em;">&#174;</sup> rust and corrosion inhibiting products into the oil and gas industry have been and may continue to be hampered by low global crude oil prices, which NTIC believes constrains capital improvement budgets of its existing and prospective customers and may result in personnel turnover at its oil and gas customers or prospects.</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"><b><i>NTIC has limited staffing and will continue to be dependent upon key employees.</i></b></p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">NTIC&#8217;s success is dependent upon the efforts of a small management team and group of employees. NTIC&#8217;s future success will depend in large part on its ability to retain its key employees and identify, attract and retain other highly qualified managerial, technical, research and development, sales and marketing and customer service personnel when needed. Competition for these individuals may be intense, especially in the markets in which NTIC operates. NTIC may not succeed in identifying, attracting and retaining these personnel. NTIC&#8217;s current management, other than its President and Chief Executive Officer, does not have any material stock ownership in NTIC. In addition, none of NTIC&#8217;s employees has any contractual obligation to maintain his or her employment with NTIC. The loss or interruption of services of any of NTIC&#8217;s key personnel, including in particular its technical personnel, the inability to identify, attract or retain qualified personnel in the future, delays in hiring qualified personnel, or any employee slowdowns, strikes or similar actions could make it difficult for NTIC to manage its business and meet key objectives, which could harm NTIC&#8217;s business, financial condition and operating results.</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"><b><i>Given NTIC&#8217;s limited resources, it may not effectively manage its growth. </i></b></p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">NTIC&#8217;s strategy to grow its business, including in particular its ZERUST<sup style="vertical-align: baseline; position: relative; bottom:.33em;">&#174;</sup> rust and corrosion inhibiting products for the oil and gas industry and its Natur-Tec<sup style="vertical-align: baseline; position: relative; bottom:.33em;">&#174;</sup> bio-plastic resin compounds and finished products, requires significant management time and operational and financial resources. There is no assurance that NTIC has the necessary operational and financial resources to manage its growth. This is especially true as it expands facilities and manufactures its products on a larger commercial scale. In addition, rapid growth in NTIC&#8217;s headcount and operations may place a significant strain on its management, administrative, operational and financial infrastructure. Failure to adequately manage its growth could have a material and adverse effect on NTIC&#8217;s business, financial condition and operating results. For example, NTIC&#8217;s soil side bottom solutions for tanks require implementation teams comprised of both internal NTIC personnel and outside consulting firms. NTIC&#8217;s failure to expand these implementation teams to service additional customers may limit NTIC&#8217;s ability to grow this business. In addition, NTIC may not be successful in its strategy to grow its business.</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"><b><i>Certain of NTIC&#8217;s operations are subject to regulation by the U.S. Food and Drug Administration. </i></b></p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">The manufacture, sale and use of NTIC&#8217;s Natur-Tec<sup style="vertical-align: baseline; position: relative; bottom:.33em;">&#174;</sup> bio-plastic resin compounds are subject to regulation by the U.S. FDA. The FDA&#8217;s regulations are concerned with substances used indirectly in food packaging materials, not with specific finished food packaging products. Thus, food and beverage containers are in compliance with FDA regulations if the components used in the food and beverage containers: (i) are approved by the FDA as indirect food additives for their intended uses and comply with the applicable FDA indirect food additive regulations; or (ii) are generally recognized as safe for their intended uses and are of suitable purity for those intended uses. NTIC believes that its Natur-Tec<sup style="vertical-align: baseline; position: relative; bottom:.33em;">&#174;</sup> resin compounds are in compliance with all FDA requirements. However, failure to comply with FDA regulations could subject NTIC to administrative, civil or criminal penalties.</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"><b><i>&nbsp;</i></b></p>
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<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"><b><i>NTIC relies on its management information systems for inventory management, distribution and other functions. If these information systems fail to adequately perform these functions or if NTIC experiences an interruption in their operation, NTIC&#8217;s business and operating results could be adversely affected.</i></b></p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">The efficient operation of NTIC&#8217;s business is dependent on its management information systems. NTIC relies on its management information systems to effectively manage accounting and financial functions; manage order entry, order fulfillment and inventory replenishment processes; and to maintain its research and development data. The failure of management information systems to perform as anticipated could disrupt NTIC&#8217;s business and product development and could result in decreased sales, causing NTIC&#8217;s business and operating results to suffer. In addition, NTIC&#8217;s management information systems are vulnerable to damage or interruption from natural or man-made disasters, terrorist attacks and attacks by computer viruses or hackers, or power loss or computer systems, Internet, telecommunications or data network failure. Any such interruption could adversely affect NTIC&#8217;s business and operating results.</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"><b><i>NTIC&#8217;s reliance upon patents, trademark laws, trade secrets and contractual provisions to protect its proprietary rights may not be sufficient to protect its intellectual property from others who may sell similar products.</i></b></p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">NTIC holds patents relating to various aspects of its products and believes that proprietary technical know-how is critical to many of its products. Proprietary rights relating to NTIC&#8217;s products are protected from unauthorized use by third parties only to the extent that they are covered by valid and enforceable patents or are maintained in confidence as trade secrets. NTIC cannot be certain that it will be issued any patents from any pending or future patent applications owned by or licensed to NTIC or that the claims allowed under any issued patents will be sufficiently broad to protect its technology. In the absence of patent protection, NTIC may be vulnerable to competitors who attempt to copy NTIC&#8217;s products or gain access to its trade secrets and know-how. NTIC&#8217;s competitors may initiate litigation to challenge the validity of NTIC&#8217;s patents, or they may use their resources to design comparable products that do not infringe NTIC&#8217;s patents. NTIC may incur substantial costs if its competitors initiate litigation to challenge the validity of its patents or if it initiates any proceedings to protect its proprietary rights and if the outcome of any such litigation is unfavorable to NTIC, its business and operating results could be materially adversely affected.</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">In addition, NTIC relies substantially on trade secrets and proprietary know-how that it seeks to protect, in part, by confidentiality agreements with its employees, and consultants. These agreements may be breached and NTIC may not have adequate remedies for any such breach. Even if these confidentiality agreements are not breached, NTIC&#8217;s trade secrets may otherwise become known or be independently developed by competitors.</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"><b><i>NTIC may not achieve its annual financial guidance or projected goals and objectives in the time periods that NTIC anticipates or announces publicly, which could have an adverse effect on NTIC&#8217;s business and could cause its stock price to decline. </i></b></p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">On a quarterly basis, NTIC typically provides projected annual financial information, including its anticipated annual net sales and net earnings. These financial projections are based on management&#8217;s then current expectations and typically do not contain any margin of error or cushion for any specific uncertainties, or for the uncertainties inherent in all financial forecasting. The failure to achieve such financial projections could have an adverse effect on NTIC&#8217;s business, disappoint investors and analysts and cause its stock price to decline.</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">NTIC also sets goals and objectives for, and makes public statements regarding, the timing of certain accomplishments and milestones regarding its business, such as its progress in selling its ZERUST<sup style="vertical-align: baseline; position: relative; bottom:.33em;">&#174;</sup> rust and corrosion inhibiting products and services to customers in the oil and gas industry, the progress and timing of its various field trials with prospective customers in the oil and gas industry, its ability to increase sales of its Natur-Tec<sup style="vertical-align: baseline; position: relative; bottom:.33em;">&#174;</sup> resin compounds and finished products, and other developments and milestones. The actual timing of these events can vary dramatically due to a number of factors including without limitation the timing of the receipt of purchase orders, delays or failures in current field trials, the amount of time, effort and resources committed to the sales and marketing of NTIC&#8217;s products and services by NTIC and its current and potential future distributors and agents and the uncertainties inherent in introducing new products and services. As a result, there can be no assurance that NTIC will succeed in achieving its projected goals and objectives in the time periods that NTIC anticipates or announces publicly. The failure to achieve such projected goals and objectives in the time periods that NTIC anticipates or announces publicly could have an adverse effect on NTIC&#8217;s business, disappoint investors and analysts and cause its stock price to decline.</p>
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<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"><b><i>NTIC&#8217;s quarterly results are typically unpredictable and subject to variation.</i></b></p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">NTIC&#8217;s quarterly operating results vary from quarter to quarter for a variety of reasons. For example, NTIC&#8217;s quarterly sales to joint ventures can be affected by individual orders to joint ventures. Because of the typical size of individual orders to joint ventures and overall size of NTIC&#8217;s net sales to joint ventures, the timing of one or more orders can affect materially NTIC&#8217;s quarterly sales to joint ventures and the comparisons to prior year quarters. In addition, because of the typical size of individual orders and overall size of NTIC&#8217;s net sales derived from sales of Natur-Tec<sup style="vertical-align: baseline; position: relative; bottom:.33em;">&#174;</sup> products, the timing of one or more orders can affect materially NTIC&#8217;s quarterly sales of Natur-Tec<sup style="vertical-align: baseline; position: relative; bottom:.33em;">&#174;</sup> products and the comparisons to prior year quarters. Furthermore, since ZERUST<sup style="vertical-align: baseline; position: relative; bottom:.33em;">&#174;</sup> products for the oil and gas industry typically carry higher margins than other traditional ZERUST<sup style="vertical-align: baseline; position: relative; bottom:.33em;">&#174;</sup> products, the amount of sales of ZERUST<sup style="vertical-align: baseline; position: relative; bottom:.33em;">&#174;</sup> products for the oil and gas industry typically affects NTIC&#8217;s overall margins. Such variability in operating results makes the prediction of NTIC&#8217;s net sales, earnings and other operating results for each quarter difficult and increases the risk of unanticipated variations in quarterly operating results. NTIC&#8217;s quarterly results have been and in the future may be below the expectations of public market analysts and investors.</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"><b><i>NTIC is exposed to risks relating to its evaluation of its internal control over financial reporting as required by Section&nbsp;404 of the Sarbanes-Oxley Act.</i></b></p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">Changing laws, regulations and standards relating to corporate governance and public disclosure, including the Dodd-Frank Wall Street Reform and Consumer Protection Act and the Sarbanes-Oxley Act of 2002 and related and other regulations implemented by the SEC and the NASDAQ Stock Market, are challenging for small publicly-held companies, including NTIC. NTIC&#8217;s efforts to comply with evolving laws, regulations and standards have resulted in, and are likely to continue to result in, significant general and administrative expenses and a diversion of management time and attention from revenue-generating activities to compliance activities. In particular, NTIC&#8217;s efforts to comply with Section 404 of the Sarbanes-Oxley Act of 2002 and the related regulations regarding NTIC&#8217;s assessment of its internal control over financial reporting have required and will continue to require the expenditure of significant financial and managerial resources. Although NTIC&#8217;s management has concluded that NTIC&#8217;s internal control over financial reporting was effective as of August 31, 2016, no assurance can be provided that NTIC&#8217;s management will reach a similar conclusion as of any later date. NTIC&#8217;s failure to maintain effective internal control over financial reporting may have an adverse effect on its stock price.</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"><b><i>&nbsp;</i></b></p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"><b><i>NTIC&#8217;s compliance with accounting principles generally accepted in the United States of America and any changes in such principles might adversely affect NTIC&#8217;s operating results and financial condition. Any requirement to consolidate NTIC&#8217;s joint ventures or subject them to compliance with the internal control provisions of the Sarbanes-Oxley Act of 2002 could adversely affect NTIC&#8217;s operating results and financial condition. </i></b></p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">If there were a change in accounting rules and NTIC were required to fully consolidate its joint ventures or if NTIC&#8217;s joint ventures otherwise would be required to be consolidated with NTIC or be in compliance with the internal control provisions of the Sarbanes-Oxley Act of 2002, NTIC and the individual joint venture would incur significant additional costs. In addition, other accounting pronouncements issued in the future could have a material cost associated with NTIC&#8217;s implementation of such new accounting pronouncements.</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"></p>
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<td style="WIDTH: 100%; TEXT-ALIGN: center">29</td></tr></table></div>
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<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"><b><i>NTIC&#8217;s business is subject to a number of other miscellaneous risks that may adversely affect NTIC&#8217;s operating results, financial condition or business.</i></b></p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">NTIC&#8217;s business is subject to a number of other miscellaneous risks that may adversely affect NTIC&#8217;s operating results, financial condition or business, such as natural or man-made disasters or global pandemics that may result in shortages of raw materials, higher commodity costs, an increase in insurance premiums and other adverse effects on NTIC&#8217;s business; the continued threat of terrorist acts and war that may result in heightened security and higher costs for import and export shipments of components or finished goods; and the ability of NTIC&#8217;s management to adapt to unplanned events.</p>
<p style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; MARGIN: 0pt 0px">Risks Related to NTIC&#8217;s Common Stock</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"><b><i>The trading volume of NTIC&#8217;s common stock is typically very low, leaving NTIC&#8217;s common stock open to risk of high volatility.</i></b></p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">The number of shares of NTIC&#8217;s common stock being traded on a daily basis is often very low and on some trading days, there is no trading volume at all. During fiscal 2016, the daily trading volume ranged from zero shares to 51,700 shares. Any NTIC stockholder wishing to sell his, her or its stock may cause a significant fluctuation in the trading price of NTIC&#8217;s common stock. In addition, low trading volume of a stock increases the possibility that, despite rules against such activity, the price of the stock may be manipulated by persons acting in their own self-interest. NTIC may not have adequate market makers and market making activity to prevent manipulation in its common stock.</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"><b><i>The price and trading volume of NTIC&#8217;s common stock has been, and may continue to be, volatile.</i></b></p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">The market price and trading volume of NTIC&#8217;s common stock price historically has fluctuated over a wide range. During fiscal 2016, the sale price of NTIC&#8217;s common stock ranged from a low of $9.60 per share to a high of $18.00 per share, and the daily trading volume ranged from zero shares to 51,700 shares. It is likely that the price and trading volume of NTIC&#8217;s common stock will continue to fluctuate in the future. The securities of small capitalization companies, including NTIC, from time to time experience significant price and volume fluctuations, often unrelated to the operating performance of these companies. Securities class action litigation is sometimes brought against a company following periods of volatility in the market price of its securities or for other reasons. NTIC may become the target of similar litigation, especially if NTIC fails to meet its annual projected financial guidance or lower its annual projected financial guidance. Securities litigation, whether with or without merit, could result in substantial costs and divert management&#8217;s attention and resources, which could harm NTIC&#8217;s business, financial condition, and operating results, as well as the market price of its common stock.</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"><b><i>A large percentage of NTIC&#8217;s outstanding common stock is held by insiders, and, as a result, the trading market for NTIC&#8217;s common stock is not as liquid as the stock of other public companies.</i></b></p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">As of November 15, 2016, NTIC had 4,535,070 shares of common stock outstanding, of which 19.6% of these outstanding shares were beneficially owned by directors, executive officers, principal stockholders and their respective affiliates. The stock of companies with a substantial amount of stock held by insiders is usually not as liquid as the stock of other public companies where insider ownership is not as concentrated. Thus, the trading market for shares of NTIC&#8217;s common stock may not be as liquid as the stock of other public companies.</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"></p>
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<tr style="VERTICAL-ALIGN: top; TEXT-ALIGN: left">
<td style="WIDTH: 100%; TEXT-ALIGN: center">30</td></tr></table></div>
<div style="PAGE-BREAK-BEFORE: always; MARGIN-TOP: 6pt">&nbsp;</div>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"><b><i>If securities or industry analysts do not publish research or reports about NTIC&#8217;s business, or if they adversely change their recommendations regarding NTIC&#8217;s common stock, the market price for NTIC&#8217;s common stock and trading volume could decline.</i></b></p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">The trading market for NTIC&#8217;s common stock has been influenced by research or reports that industry or securities analysts publish about NTIC or its business. If one or more analysts who cover NTIC downgrade NTIC&#8217;s common stock, the market price for NTIC&#8217;s common stock would likely decline. If one or more cease coverage of NTIC or fail to regularly publish reports on NTIC, NTIC could lose visibility in the financial markets, which, in turn, could cause the market price or trading volume for NTIC&#8217;s common stock to decline.</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"><b><i>NTIC does not intend to pay dividends for the foreseeable future.</i></b></p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">Although in the past NTIC has paid dividends on its common stock, NTIC has not done so since fiscal 2005. The payment of any future dividends will be determined by NTIC&#8217;s Board of Directors in light of conditions then existing, including NTIC&#8217;s earnings (if any), financial condition, cash requirements, restrictions in financing agreements, business conditions and other factors. NTIC&#8217;s Board of Directors currently does not anticipate paying a dividend on NTIC&#8217;s common stock in the near future, but rather intends to retain all of its earnings for the foreseeable future to finance the operation and expansion of its business. As a result, NTIC&#8217;s stockholders will only receive a return on their investment in NTIC&#8217;s common stock if the market price of NTIC&#8217;s common stock increases.</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"><b><i>One of NTIC&#8217;s principal stockholders beneficially owns a significant percentage of NTIC&#8217;s outstanding common stock and is affiliated with NTIC&#8217;s President and Chief Executive Officer and thus may be able to influence matters requiring stockholder approval, including the election of directors, and could discourage or otherwise impede a transaction in which a third party wishes to purchase NTIC&#8217;s outstanding shares at a premium.</i></b></p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">As of November 15, 2016, Inter Alia Holding Company, or Inter Alia, beneficially owned approximately 13.3% of NTIC&#8217;s outstanding common stock. Inter Alia is an entity partially owned by G. Patrick Lynch, NTIC&#8217;s President and Chief Executive Officer and a director, as well as three other members of the Lynch family. Mr. Lynch shares voting and dispositive power of shares of NTIC&#8217;s common stock held by Inter Alia with the other owners. As a result of his share ownership through Inter Alia and his position as President and Chief Executive Officer and a director of NTIC, Mr. Lynch may be able to influence the affairs and actions of NTIC, including matters requiring stockholder approval, such as the election of directors and approval of significant corporate transactions. The interests of Mr. Lynch and Inter Alia may differ from the interests of NTIC&#8217;s other stockholders. This concentration of ownership may have the effect of delaying, preventing or deterring a change in control of NTIC, could deprive NTIC&#8217;s stockholders of an opportunity to receive a premium for their common stock as part of a sale or merger of NTIC and may negatively affect the market price of NTIC&#8217;s common stock. Transactions that could be affected by this concentration of ownership include proxy contests, tender offers, mergers or other purchases of common stock that could give stockholders the opportunity to realize a premium over the then-prevailing market price for shares of NTIC&#8217;s common stock.</p>
<p style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; MARGIN: 0pt 0px 0pt 0.7in; TEXT-INDENT: -0.7in">&nbsp;</p>
<p style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; MARGIN: 0pt 0px 0pt 0.7in; TEXT-INDENT: -0.7in"><a name="a_004"></a>Item 1B. UNRESOLVED STAFF COMMENTS</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">This Item 1B is inapplicable to NTIC as a smaller reporting company.</p>
<p style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; MARGIN: 0pt 0px 0pt 0.7in; TEXT-INDENT: -0.7in">&nbsp;</p>
<p style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; MARGIN: 0pt 0px 0pt 0.7in; TEXT-INDENT: -0.7in"></p>
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<tr style="VERTICAL-ALIGN: top; TEXT-ALIGN: left">
<td style="WIDTH: 100%; TEXT-ALIGN: center">31</td></tr></table></div>
<div style="PAGE-BREAK-BEFORE: always; MARGIN-TOP: 6pt">&nbsp;</div>
<p style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; MARGIN: 0pt 0px 0pt 0.7in; TEXT-INDENT: -0.7in"><a name="a_005"></a>Item 2. PROPERTIES</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">NTIC&#8217;s principal executive offices, production facilities and domestic research and development operations are located at 4201 Woodland Road, Circle Pines, Minnesota 55014. NTIC owns this real estate and building. NTIC also owns real estate and a building in Beachwood, Ohio, which it uses for office, manufacturing, laboratory and warehouse space. Additionally, NTIC has contract warehousing agreements in place in California and Indiana to hold and release stock products to customers. NTIC&#8217;s management considers its current properties suitable and adequate for its current and foreseeable needs. NTIC&#8217;s subsidiaries in Brazil, India and China all lease office, warehouse and laboratory space.</p>
<p style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; MARGIN: 0pt 0px 0pt 0.7in; TEXT-INDENT: -0.7in">&nbsp;</p>
<p style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; MARGIN: 0pt 0px 0pt 0.7in; TEXT-INDENT: -0.7in"><a name="a_006"></a>Item 3. LEGAL PROCEEDINGS</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">On March 23, 2015, NTIC and NTI Asean LLC, a majority-owned
subsidiary of NTIC, filed a lawsuit in Tianjin No 1 Intermediate People&#8217;s Court against two individuals, Mr. Tao Meng and
his wife Hui Xu, related to breaches of duties and contractual commitments owed to NTI Asean under certain agreements related to
NTIC&#8217;s former joint venture in China, Tianjin Zerust Anti-Corrosion Technologies Ltd. The lawsuit alleges, among other things,
that Mr. Tao Meng and Ms. Hui Xu have engaged in self-dealing, usurped business opportunities, and received economic benefits that
were required to go to Tianjin Zerust. At this point it is too early in the lawsuit to reasonably estimate the amount of any recovery
to NTI Asean.</p>


<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>


<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px; TEXT-INDENT: 0in"></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"><font style="font-weight: normal">On April
21, 2015, NTIC and NTI Asean initiated a lawsuit in the District Court for the Second Judicial District, County of Ramsey, State
of Minnesota against Cortec Corporation alleging, among other things, that Cortec Corporation aided and abetted breaches of duties
and contractual commitments owed to the Company and NTI Asean related to NTIC&#8217;s joint venture in China, Tianjin Zerust. On
November 4, 2015, NTIC and NTI Asean were permitted to file an amended complaint adding new counts, including, but not limited
to, one for breach of contract, arising out of Cortec&#8217;s breach of a 2005 Settlement Agreement and Consent Order. The case
was subsequently assigned to the complex civil jury trial calendar, extending deadlines for discovery and trial. NTIC and NTI Asean
intend to bring a further motion to amend in order to add a claim for punitive damages and to move the court for summary judgment.&nbsp;
The case has been set for a mandatory settlement conference with the court on May 30, 2017 and the case will be set for the trial
block beginning July 31, 2017 and ending August 18, 2017.<font style="font-size: 12pt">&nbsp; </font></font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in">&nbsp;</p>



<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">From time to time, NTIC is subject to various ongoing or threatened legal actions and proceedings, including those that arise in the ordinary course of business, which may include employment matters and breach of contract disputes. Such matters are subject to many uncertainties and to outcomes that are not predictable with assurance and that may not be known for extended periods of time. In the opinion of management, the outcome of such routine ongoing litigation is not expected to have a material adverse effect on NTIC&#8217;s results of operations or financial condition.</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; MARGIN: 0pt 0px 0pt 0.7in; TEXT-INDENT: -0.7in"><a name="a_007"></a>Item 4. MINE SAFETY DISCLOSURES</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">Not applicable.</p>
<p style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; MARGIN: 0pt 0px; TEXT-INDENT: 0in">&nbsp;</p>
<p style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; MARGIN: 0pt 0px; TEXT-INDENT: 0in"></p>
<div style="MARGIN-BOTTOM: 6pt; BORDER-BOTTOM: black 4pt solid; MARGIN-TOP: 12pt">
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<tr style="VERTICAL-ALIGN: top; TEXT-ALIGN: left">
<td style="WIDTH: 100%; TEXT-ALIGN: center">32</td></tr></table></div>
<div style="PAGE-BREAK-BEFORE: always; MARGIN-TOP: 6pt">&nbsp;</div>
<p style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; MARGIN: 0pt 0px; TEXT-INDENT: 0in"><a name="a_008"></a>Item 4A. EXECUTIVE OFFICERS OF THE REGISTRANT</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">The two individuals named below have been designated by NTIC&#8217;s Board of Directors as &#8220;executive officers&#8221; of NTIC. Their ages and the offices held, as of November 15, 2016, are as follows:</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<table style="TEXT-INDENT: 0;FONT-SIZE: 10pt; WIDTH: 100%; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0">

<tr style="VERTICAL-ALIGN: top">
<td style="WIDTH: 31%">
<p style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 0.5pt solid; TEXT-ALIGN: center; MARGIN: 0pt 0px"><b>Name</b></p></td>
<td style="WIDTH: 8%">
<p style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 0.5pt solid; TEXT-ALIGN: center; MARGIN: 0pt 0px"><b>Age</b></p></td>
<td style="WIDTH: 61%">
<p style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 0.5pt solid; TEXT-ALIGN: center; MARGIN: 0pt 0px"><b>Position with NTIC</b></p></td></tr>
<tr style="VERTICAL-ALIGN: top">
<td style="TEXT-ALIGN: justify">G. Patrick Lynch</td>
<td style="TEXT-ALIGN: center">49</td>
<td>President and Chief Executive Officer</td></tr>
<tr style="VERTICAL-ALIGN: top">
<td style="TEXT-ALIGN: justify">&nbsp;</td>
<td style="TEXT-ALIGN: center">&nbsp;</td>
<td>&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: top">
<td style="TEXT-ALIGN: justify">Matthew C. Wolsfeld</td>
<td style="TEXT-ALIGN: center">42</td>
<td>Chief Financial Officer and Corporate Secretary</td></tr></table>
<p style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">G. Patrick Lynch, an employee of NTIC since 1995, has been President since July 2005 and Chief Executive Officer since January 2006 and was appointed a director of NTIC in February 2004. From July 2005 to January 2006, Mr. Lynch served as Chief Operating Officer of NTIC.&nbsp; Mr.&nbsp;Lynch served as President of North American Operations of NTIC from May 2004 to July 2005.&nbsp; Prior to May 2004, Mr.&nbsp;Lynch held various positions with NTIC, including Vice President of Strategic Planning, Corporate Secretary and Project Manager. Mr. Lynch is also an officer and director of Inter Alia Holding Company, a holding company that is a significant stockholder of NTIC. Prior to joining NTIC, Mr.&nbsp;Lynch held positions in sales management for Fuji Electric Co., Ltd. in Tokyo, Japan and programming project management for BMW AG in Munich, Germany. Mr. Lynch received an M.B.A. degree from the University of Michigan Ross School of Business in Ann Arbor, Michigan.</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">Matthew C. Wolsfeld, an employee of NTIC since February 2001, has been NTIC&#8217;s Chief Financial Officer since November 2001 and Corporate Secretary since November 2004. Mr. Wolsfeld was Controller of NTIC from May 2001 through November 2001. Prior to joining NTIC, Mr. Wolsfeld held an auditing position with PricewaterhouseCoopers LLP in Minneapolis, Minnesota from 1997 to 2001. Mr. Wolsfeld received a B.A. degree in Accounting from the University of Notre Dame and received his M.B.A. degree at the University of Minnesota, Carlson School of Business. Mr.&nbsp;Wolsfeld is a Certified Public Accountant.</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">Other corporate officers of NTIC, their ages and the offices held, as of November 15, 2016, are as follows:</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
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<tr style="VERTICAL-ALIGN: top">
<td style="WIDTH: 30%">
<p style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 0.5pt solid; TEXT-ALIGN: center; MARGIN: 0pt 0px"><b>Name</b></p></td>
<td style="WIDTH: 7%">
<p style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 0.5pt solid; TEXT-ALIGN: center; MARGIN: 0pt 0px"><b>Age</b></p></td>
<td style="WIDTH: 63%">
<p style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 0.5pt solid; TEXT-ALIGN: center; MARGIN: 0pt 0px"><b>Position with NTIC</b></p></td></tr>
<tr style="VERTICAL-ALIGN: top">
<td style="TEXT-ALIGN: justify">&nbsp;</td>
<td style="TEXT-ALIGN: center">&nbsp;</td>
<td>&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: top">
<td style="TEXT-ALIGN: justify">Vineet R. Dalal</td>
<td style="TEXT-ALIGN: center">46</td>
<td>Vice President and Director &#8211; Global Market Development &#8211; Natur-Tec<sup style="vertical-align: baseline; position: relative; bottom:.33em;">&#174;</sup></td></tr>
<tr style="VERTICAL-ALIGN: top">
<td style="TEXT-ALIGN: justify">&nbsp;</td>
<td style="TEXT-ALIGN: center">&nbsp;</td>
<td>&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: top">
<td style="TEXT-ALIGN: justify">Gautam Ramdas</td>
<td style="TEXT-ALIGN: center">43</td>
<td>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">Vice President and Director &#8211; Global Market Development &#8211; Oil &amp; Gas</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"></p></td></tr></table>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">Vineet R. Dalal, an employee of NTIC since 2004, has served as Vice President and Director &#8211; Global Market Development &#8211; Natur-Tec<sup style="vertical-align: baseline; position: relative; bottom:.33em;">&#174;</sup> since November 2005. Prior to joining NTIC, Mr. Dalal was a Principal in the Worldwide Product Development Practice of PRTM, a management consultancy to technology based companies (now part of PricewaterhouseCoopers Management Consulting). In this position, Mr. Dalal consulted to several Fortune 500 companies, in the areas of product strategy, Product Lifecycle Management (PLM) and technology management. Prior to that, Mr. Dalal held positions in program management and design engineering at National Semiconductor Corporation in Santa Clara, California. Mr. Dalal received an M.B.A. degree from the University of Michigan Ross School of Business in Ann Arbor, Michigan. He also holds an M.S. degree in Electrical and Computer Engineering from Oregon State University, and a B.Eng. degree in Electronics Engineering from Karnatak University, India.</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"></p>
<div style="MARGIN-BOTTOM: 6pt; BORDER-BOTTOM: black 4pt solid; MARGIN-TOP: 12pt">
<table style="TEXT-INDENT: 0;FONT-SIZE: 10pt; WIDTH: 100%; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0">

<tr style="VERTICAL-ALIGN: top; TEXT-ALIGN: left">
<td style="WIDTH: 100%; TEXT-ALIGN: center">33</td></tr></table></div>
<div style="PAGE-BREAK-BEFORE: always; MARGIN-TOP: 6pt">&nbsp;</div>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">Gautam Ramdas, an employee of NTIC since 2005, has served as Vice President and Director &#8211; Global Market Development &#8211; Oil &amp; Gas since 2005. Prior to joining NTIC, Mr. Ramdas was a Manager in the Strategic Change group of IBM Business Consulting Services. In this position, Mr.&nbsp;Ramdas led consulting engagements at several Fortune 500 companies, in the areas of service strategy, global supplier relationship management and supply chain streamlining. Mr. Ramdas held positions in the E-Commerce and Supply Chain strategy groups at PricewaterhouseCoopers Management Consulting, again providing consulting services for Fortune 500 clients. Prior to management consulting, Mr. Ramdas worked as a program manager and design engineer with Kinhill Engineers in Australia. He has also been involved in the start-up stage of successful small businesses in the United States and in India. Mr. Ramdas received an M.B.A. from the University of Michigan Ross School of Business in Ann Arbor, Michigan. He also holds a bachelor&#8217;s degree in Mechanical Engineering from the College of Engineering, Guindy (Chennai), India.</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"></p>
<div style="MARGIN-BOTTOM: 6pt; BORDER-BOTTOM: black 4pt solid; MARGIN-TOP: 12pt">
<table style="TEXT-INDENT: 0;FONT-SIZE: 10pt; WIDTH: 100%; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0">

<tr style="VERTICAL-ALIGN: top; TEXT-ALIGN: left">
<td style="WIDTH: 100%; TEXT-ALIGN: center">34</td></tr></table></div>
<div style="PAGE-BREAK-BEFORE: always; MARGIN-TOP: 6pt">&nbsp;</div>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"></p>
<p style="FONT-SIZE: 10pt; TEXT-TRANSFORM: uppercase; FONT-WEIGHT: bold; TEXT-ALIGN: center; MARGIN: 0pt 0px"><a name="a_009"></a>PART II</p>
<p style="FONT-SIZE: 10pt; TEXT-TRANSFORM: uppercase; FONT-WEIGHT: bold; TEXT-ALIGN: center; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; TEXT-ALIGN: justify; MARGIN: 0pt 0px"><a name="a_010"></a>Item 5. MARKET FOR REGISTRANT&#8217;S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES</p>
<p style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; TEXT-ALIGN: justify; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; TEXT-ALIGN: justify; MARGIN: 0pt 0px">Market Information</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">NTIC&#8217;s common stock is listed for trading on the NASDAQ Global Market under the symbol &#8220;NTIC.&#8221; The following table sets forth the high and low daily sales prices for NTIC&#8217;s common stock, as reported by the NASDAQ Global Market, for the fiscal quarter indicated:</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<table style="TEXT-INDENT: 0;WIDTH: 80%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 1in" cellspacing="0" cellpadding="0">

<tr style="VERTICAL-ALIGN: bottom">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify">&nbsp;</td>
<td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3">High</td>
<td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3">Low</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; TEXT-ALIGN: justify">Fiscal 2016</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; WIDTH: 74%; TEXT-ALIGN: justify; TEXT-INDENT: 20pt">Fourth Quarter </td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&nbsp;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">$</td>
<td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right">14.93</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&nbsp;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">$</td>
<td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right">10.00</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; TEXT-INDENT: 20pt">Third Quarter </td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">14.95</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11.16</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; TEXT-INDENT: 20pt">Second Quarter </td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">17.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">9.60</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; TEXT-INDENT: 20pt">First Quarter </td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">18.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">13.19</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; TEXT-INDENT: 20pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; TEXT-ALIGN: justify">Fiscal 2015</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; TEXT-INDENT: 20pt">Fourth Quarter </td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">18.48</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">14.36</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; TEXT-INDENT: 20pt">Third Quarter </td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">21.40</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">16.45</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; TEXT-INDENT: 20pt">Second Quarter </td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">24.85</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">19.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; TEXT-INDENT: 20pt">First Quarter </td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">23.89</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">17.75</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td></tr></table>
<p style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; MARGIN: 0pt 0px">Dividends</p>
<p style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">Although NTIC&#8217;s Board of Directors has declared cash dividends to NTIC&#8217;s stockholders in the past, the payment of any future dividends will be determined by NTIC&#8217;s Board of Directors in light of conditions then existing, including NTIC&#8217;s earnings, financial condition, cash requirements, restrictions in financing agreements, business conditions and other factors. The Board of Directors currently does not anticipate paying a dividend on NTIC&#8217;s common stock in the near future, but rather intends to retain all of its earnings for the foreseeable future to finance the operation and expansion of its business.</p>
<p style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; MARGIN: 0pt 0px">Number of Record Holders</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">As of August 31, 2016, there were 175 record holders of NTIC&#8217;s common stock. This does not include shares held in &#8220;street name&#8221; or beneficially owned.</p>
<p style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; MARGIN: 0pt 0px">Recent Sales of Unregistered Equity Securities</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">NTIC did not sell any shares of its common stock or any other equity securities of NTIC that were not registered under the Securities Act of 1933, as amended, during the fourth quarter of fiscal 2016.</p>
<p style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; MARGIN: 0pt 0px"></p>
<div style="MARGIN-BOTTOM: 6pt; BORDER-BOTTOM: black 4pt solid; MARGIN-TOP: 12pt">
<table style="TEXT-INDENT: 0;FONT-SIZE: 10pt; WIDTH: 100%; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0">

<tr style="VERTICAL-ALIGN: top; TEXT-ALIGN: left">
<td style="WIDTH: 100%; TEXT-ALIGN: center">35</td></tr></table></div>
<div style="PAGE-BREAK-BEFORE: always; MARGIN-TOP: 6pt">&nbsp;</div>
<p style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; MARGIN: 0pt 0px">Issuer Purchases of Equity Securities</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 9.1pt 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 9.1pt 0pt 0px">The following table shows NTIC&#8217;s fourth quarter of fiscal 2016 stock repurchase activity.</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 9.1pt 0pt 0px">&nbsp;</p>
<table style="TEXT-INDENT: 0;FONT-SIZE: 10pt; WIDTH: 100%; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0">

<tr style="VERTICAL-ALIGN: top">
<td style="BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid; WIDTH: 27%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1pt solid">
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 9.1pt 0pt 0px"><b></b></p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 9.1pt 0pt 0px"><b>Period</b></p></td>
<td style="BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid; WIDTH: 16%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center">
<p style="FONT-SIZE: 10pt; TEXT-ALIGN: center; MARGIN: 0pt 9.1pt 0pt 0px"><b></b></p>
<p style="FONT-SIZE: 10pt; TEXT-ALIGN: center; MARGIN: 0pt 9.1pt 0pt 0px"><b>Total Number of Shares </b></p>
<p style="FONT-SIZE: 10pt; TEXT-ALIGN: center; MARGIN: 0pt 9.1pt 0pt 0px"><b>(or Units) Purchased</b></p></td>
<td style="BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid; WIDTH: 19%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center">
<p style="FONT-SIZE: 10pt; TEXT-ALIGN: center; MARGIN: 0pt 9.1pt 0pt 0px"><b></b></p>
<p style="FONT-SIZE: 10pt; TEXT-ALIGN: center; MARGIN: 0pt 9.1pt 0pt 0px"><b>Average Price Paid Per Share (or Unit)</b></p></td>
<td style="BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid; WIDTH: 19%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center"><font style="FONT-SIZE: 10pt"><b>Total Number of Shares (or Units) Purchased as Part of Publicly Announced Plans or Programs</b></font></td>
<td style="BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid; WIDTH: 19%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center"><font style="FONT-SIZE: 10pt"><b>Maximum Number of Shares (or Units) that May Yet Be Purchased Under the Plans or Programs</b></font></td></tr>
<tr style="VERTICAL-ALIGN: top">
<td style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; BORDER-LEFT: black 1pt solid">June 1, 2016 through June 30, 2016</td>
<td style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center">0</td>
<td style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center">N/A</td>
<td style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center">0</td>
<td style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center">(1)</td></tr>
<tr style="VERTICAL-ALIGN: top">
<td style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; BORDER-LEFT: black 1pt solid">July 1, 2016 through July 31, 2016</td>
<td style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center">3,700</td>
<td style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center">$11.20</td>
<td style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center">3,700</td>
<td style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center">(1)(2)</td></tr>
<tr style="VERTICAL-ALIGN: top">
<td style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; BORDER-LEFT: black 1pt solid" nowrap>August 1, 2016 through August 31, 2016</td>
<td style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center">0</td>
<td style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center">N/A</td>
<td style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center">0</td>
<td style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center">(1)(2)</td></tr>
<tr style="VERTICAL-ALIGN: top">
<td style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; BORDER-LEFT: black 1pt solid">Total</td>
<td style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center">3,700</td>
<td style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center">$11.20</td>
<td style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center">3,700</td>
<td style="BORDER-RIGHT: black 1pt solid; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center">(1)(2)</td></tr></table>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 9.1pt 0pt 0px">&nbsp;</p>
<table style="TEXT-INDENT: 0;MARGIN-BOTTOM: 6pt; FONT-SIZE: 10pt; WIDTH: 100%; MARGIN-TOP: 0pt" cellspacing="0" cellpadding="0">

<tr style="VERTICAL-ALIGN: top; TEXT-ALIGN: justify">
<td style="WIDTH: 15pt; TEXT-ALIGN: left">(1)</td>
<td style="WIDTH: 5pt">&nbsp;</td>
<td style="TEXT-ALIGN: justify">On January 15, 2015, NTIC&#8217;s Board of Directors authorized the repurchase of up to $3,000,000 in shares of NTIC common stock through open market purchases or unsolicited or solicited privately negotiated transactions. This program has no expiration date but may be terminated by NTIC&#8217;s Board of Directors at any time.</td></tr></table>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 9.1pt 0pt 0.5in; TEXT-INDENT: -0.5in"></p>
<table style="TEXT-INDENT: 0;MARGIN-BOTTOM: 6pt; FONT-SIZE: 10pt; WIDTH: 100%; MARGIN-TOP: 0pt" cellspacing="0" cellpadding="0">

<tr style="VERTICAL-ALIGN: top; TEXT-ALIGN: justify">
<td style="WIDTH: 15pt; TEXT-ALIGN: left">(2)</td>
<td style="WIDTH: 5pt">&nbsp;</td>
<td style="TEXT-ALIGN: justify">As of August 31, 2016, up to $2,836,656 in shares of NTIC common stock remained available for repurchase under NTIC&#8217;s stock repurchase program.</td></tr></table>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 9.1pt 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 9.1pt 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"></p>
<p style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; MARGIN: 0pt 0px; TEXT-INDENT: 0in"></p>
<div style="MARGIN-BOTTOM: 6pt; BORDER-BOTTOM: black 4pt solid; MARGIN-TOP: 12pt">
<table style="TEXT-INDENT: 0;FONT-SIZE: 10pt; WIDTH: 100%; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0">

<tr style="VERTICAL-ALIGN: top; TEXT-ALIGN: left">
<td style="WIDTH: 100%; TEXT-ALIGN: center">36</td></tr></table></div>
<div style="PAGE-BREAK-BEFORE: always; MARGIN-TOP: 6pt">&nbsp;</div>
<p style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; MARGIN: 0pt 0px; TEXT-INDENT: 0in"><a name="a_011"></a>Item 6. SELECTED FINANCIAL DATA</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">The following tables set forth certain of NTIC&#8217;s selected consolidated financial data as of the dates and for the years indicated. The selected consolidated financial data was derived from NTIC&#8217;s consolidated financial statements. The audited consolidated financial statements as of August 31, 2016 and 2015 and for the fiscal years ended August 31, 2016 and 2015 are included elsewhere in this report. The audited consolidated financial statements as of August 31, 2014, 2013 and 2012 and for the fiscal years ended August 31, 2014, 2013 and 2012 are not included in this report. Historical results are not necessarily indicative of the results to be expected for any future period.</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<table style="TEXT-INDENT: 0;WIDTH: 100%; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0">

<tr style="VERTICAL-ALIGN: bottom">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: center">&nbsp;</td>
<td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="19">Fiscal Year Ended August 31,</td></tr>
<tr style="VERTICAL-ALIGN: bottom">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: center">&nbsp;</td>
<td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3">2016</td>
<td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3">2015</td>
<td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3">2014</td>
<td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3">2013</td>
<td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3">2012</td></tr>
<tr style="VERTICAL-ALIGN: bottom">
<td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold">Statements of Operations Data:</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right" colspan="3">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right" colspan="3">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right" colspan="3">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right" colspan="3">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right" colspan="3">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; WIDTH: 35%; TEXT-ALIGN: left">Net sales, excluding joint ventures </td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&nbsp;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">$</td>
<td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right">30,211,660</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&nbsp;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">$</td>
<td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right">27,491,392</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&nbsp;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">$</td>
<td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right">23,601,514</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&nbsp;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">$</td>
<td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right">19,724,205</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&nbsp;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">$</td>
<td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right">20,227,719</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt; TEXT-ALIGN: left">Net sales, to joint ventures </td>
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">2,721,905</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">2,831,301</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">3,224,594</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">2,777,659</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">2,553,934</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left; TEXT-INDENT: 10pt">Total net sales </td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">32,933,565</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">30,322,693</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">26,826,108</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">22,501,864</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">22,781,653</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt; TEXT-ALIGN: left">Cost of goods sold </td>
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">22,320,156</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">20,555,932</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">17,803,153</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">15,473,212</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">14,528,785</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left; TEXT-INDENT: 10pt">Gross profit </td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10,613,409</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">9,766,761</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">9,022,955</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7,028,652</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8,252,868</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">Equity in income from joint ventures </td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,743,831</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,936,565</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,920,603</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,237,711</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,519,795</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt; TEXT-ALIGN: left">Fees for services provided to joint ventures </td>
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">5,137,710</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">5,715,491</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">8,142,863</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">7,352,980</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">4,622,912</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left; TEXT-INDENT: 10pt">Total joint venture operations </td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">9,881,541</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11,652,056</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">14,063,466</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12,590,691</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10,142,707</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">Selling expenses </td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6,255,353</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,820,748</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,221,738</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,845,676</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,585,901</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">General and administrative expenses </td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7,230,557</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6,531,576</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,393,531</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,605,979</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,309,410</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">Expenses incurred in support of joint ventures </td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,001,812</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,867,570</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,408,014</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,387,197</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,054,914</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt; TEXT-ALIGN: left">Research and development expenses </td>
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">4,724,596</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">4,047,279</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">4,368,752</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">3,815,515</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">3,875,581</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left; TEXT-INDENT: 10pt">Total operating expenses </td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">19,212,318</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">18,267,173</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">16,392,035</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">14,654,367</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">13,825,806</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">Operating income </td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,282,551</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,151,644</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6,694,386</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,964,976</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,569,769</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">Interest income </td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">42,115</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">34,835</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11,617</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">34,614</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">54,652</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">Interest expense </td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">(13,261</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">)</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">(20,960</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">)</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">(47,322</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">)</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">(52,215</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">)</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">(29,388</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">)</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">Impairment on investment at carrying value</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">(1,883,668</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">)</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#8212;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#8212;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#8212;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#8212;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt; TEXT-ALIGN: left">Other income </td>
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">&#8212;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">515</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">4,393</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">670,126</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">21,613</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">(Loss) income before income taxes </td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">(572,182</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">)</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,166,034</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6,663,074</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,617,501</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,616,646</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt; TEXT-ALIGN: left; TEXT-INDENT: 10pt">Income tax expense </td>
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">626,120</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">648,674</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">1,124,662</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">864,000</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">1,041,000</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">Net (loss) income </td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">(1,198,302</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">)</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,517,360</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,538,412</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,753,501</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,575,646</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt; TEXT-ALIGN: left">Net (loss) income attributable to non-controlling interests </td>
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">(330,788</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">)</td>
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">727,789</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">1,432,040</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">1,386,607</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">127,450</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 2.25pt; TEXT-ALIGN: left">Net (loss) income attributable to NTIC </td>
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 2.25pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left">$</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: right">(867,514</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left">)</td>
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 2.25pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left">$</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: right">1,789,571</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 2.25pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left">$</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: right">4,106,372</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 2.25pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left">$</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: right">3,366,894</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 2.25pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left">$</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: right">3,448,196</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">Net (loss) income attributable to NTIC per common share:</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 2.25pt; TEXT-ALIGN: left; TEXT-INDENT: 10pt">Basic</td>
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 2.25pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left">$</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: right">(0.19</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left">)</td>
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 2.25pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left">$</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: right">0.40</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 2.25pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left">$</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: right">0.92</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 2.25pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left">$</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: right">0.76</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 2.25pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left">$</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: right">0.79</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 2.25pt; TEXT-INDENT: 10pt">Diluted </td>
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 2.25pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left">$</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: right">(0.19</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left">)</td>
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 2.25pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left">$</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: right">0.38</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 2.25pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left">$</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: right">0.90</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 2.25pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left">$</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: right">0.75</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 2.25pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left">$</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: right">0.78</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">Weighted-average common shares assumed outstanding:</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 2.25pt; TEXT-ALIGN: left; TEXT-INDENT: 10pt">Basic </td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,537,504</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,521,788</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,454,836</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,421,636</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,391,424</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 2.25pt; TEXT-ALIGN: left; TEXT-INDENT: 10pt">Diluted </td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,537,504</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,649,060</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,579,498</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,475,895</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,451,594</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; TEXT-ALIGN: left">Balance Sheet Data:</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">Cash and cash equivalents </td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,395,274</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,623,981</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,477,017</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,314,258</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,137,547</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">Available for sale securities </td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,243,864</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,027,441</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,519,766</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#8212;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#8212;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">Total current assets </td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">20,942,171</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">19,275,612</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">22,319,966</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">16,932,505</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">14,059,726</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">Total assets </td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">51,070,050</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">51,565,648</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">54,057,775</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">49,053,949</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">41,877,627</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">Total current liabilities </td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,994,106</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,671,841</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,466,655</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,662,053</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,999,645</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">Note payable, net of current portion </td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#8212;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#8212;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#8212;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">857,295</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">933,413</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">Non-controlling interests </td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,540,974</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,019,702</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,837,257</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,800,929</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">187,913</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">Total stockholders&#8217; equity </td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">44,543,970</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">44,874,105</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">45,753,863</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">40,733,672</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">36,756,656</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">Total equity </td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">47,075,944</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">47,893,807</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">49,591,120</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">44,534,601</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">36,944,569</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td></tr></table>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"></p>
<div style="MARGIN-BOTTOM: 6pt; BORDER-BOTTOM: black 4pt solid; MARGIN-TOP: 12pt">
<table style="TEXT-INDENT: 0;FONT-SIZE: 10pt; WIDTH: 100%; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0">

<tr style="VERTICAL-ALIGN: top; TEXT-ALIGN: left">
<td style="WIDTH: 100%; TEXT-ALIGN: center">37</td></tr></table></div>
<div style="PAGE-BREAK-BEFORE: always; MARGIN-TOP: 6pt">&nbsp;</div>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<table style="TEXT-INDENT: 0;WIDTH: 100%; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0">

<tr style="VERTICAL-ALIGN: bottom">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: center">&nbsp;</td>
<td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="19">Fiscal Year Ended August 31,</td></tr>
<tr style="VERTICAL-ALIGN: bottom">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: center">&nbsp;</td>
<td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3">2016</td>
<td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3">2015</td>
<td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3">2014</td>
<td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3">2013</td>
<td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3">2012</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; TEXT-ALIGN: left">Other Financial Data:</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; WIDTH: 35%; TEXT-ALIGN: left">Net cash provided by (used in) operating activities </td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&nbsp;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">$</td>
<td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right">2,055,607</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&nbsp;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">$</td>
<td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right">(755,545</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">)</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&nbsp;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">$</td>
<td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right">7,422,912</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&nbsp;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">$</td>
<td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right">1,910,702</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&nbsp;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">$</td>
<td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right">2,671,851</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">Net cash (used in) provided by investing activities </td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">(955,240</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">)</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,901,224</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7,457,380</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,752,842</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">(1,709,077</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">)</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">Net cash (used in) provided by financing activities </td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">(270,247</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">)</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">(874,652</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">)</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">(1,814,418</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">)</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">(1,563,867</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">)</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">13,822</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt" nowrap>Effect of exchange rate changes on cash and cash equivalents </td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">(18,826</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">)</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">(124,064</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">)</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11,646</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">(39,574</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">)</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">(105,411</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">)</td></tr></table>
<p style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; MARGIN: 0pt 0px 0pt 0.7in; TEXT-INDENT: -0.7in">&nbsp;</p>
<p style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; MARGIN: 0pt 0px 0pt 0.7in; TEXT-INDENT: -0.7in">&nbsp;</p>
<p style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; MARGIN: 0pt 0px 0pt 0.7in; TEXT-INDENT: -0.7in">&nbsp;</p>
<p style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; MARGIN: 0pt 0px 0pt 0.7in; TEXT-INDENT: -0.7in">&nbsp;</p>
<p style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; MARGIN: 0pt 0px 0pt 0.7in; TEXT-INDENT: -0.7in"></p>
<div style="MARGIN-BOTTOM: 6pt; BORDER-BOTTOM: black 4pt solid; MARGIN-TOP: 12pt">
<table style="TEXT-INDENT: 0;FONT-SIZE: 10pt; WIDTH: 100%; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0">

<tr style="VERTICAL-ALIGN: top; TEXT-ALIGN: left">
<td style="WIDTH: 100%; TEXT-ALIGN: center">38</td></tr></table></div>
<div style="PAGE-BREAK-BEFORE: always; MARGIN-TOP: 6pt">&nbsp;</div>
<p style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; MARGIN: 0pt 0px 0pt 0.7in; TEXT-INDENT: -0.7in"><a name="a_012"></a>Item 7. MANAGEMENT&#8217;S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS</p>
<p style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; MARGIN: 0pt 0px 0pt 0.7in; TEXT-INDENT: -0.7in">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">This Management&#8217;s Discussion and Analysis provides material historical and prospective disclosures intended to enable investors and other users to assess NTIC&#8217;s financial condition and results of operations. Statements that are not historical are forward-looking and involve risks and uncertainties discussed under the heading &#8220;<i>Part I. Item 1. Business&#8212;Forward-Looking Statements&#8221; and under the heading &#8220;Part I. Item 1A. Risk Factors</i>.&#8221; The following discussion of the results of the operations and financial condition of NTIC should be read in conjunction with NTIC&#8217;s consolidated financial statements and the related notes thereto included under &#8220;<i>Part II. Item 8. Financial Statements and Supplementary Data</i>.&#8221;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">This Management&#8217;s Discussion and Analysis is organized in the following major sections:</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<table style="TEXT-INDENT: 0;MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; MARGIN-TOP: 0pt" cellspacing="0" cellpadding="0" width="100%">

<tr style="VERTICAL-ALIGN: top">
<td style="WIDTH: 18.7pt">&nbsp;</td>
<td style="WIDTH: 18.7pt">&#8226;</td>
<td><b>Business Overview</b>. This section provides a brief overview description of NTIC&#8217;s business, focusing in particular on developments during the most recent fiscal year.</td></tr>
<tr style="VERTICAL-ALIGN: top">
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td></tr></table>
<table style="TEXT-INDENT: 0;MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; MARGIN-TOP: 0pt" cellspacing="0" cellpadding="0" width="100%">

<tr style="VERTICAL-ALIGN: top">
<td style="WIDTH: 18.7pt">&nbsp;</td>
<td style="WIDTH: 18.7pt">&#8226;</td>
<td><b>NTIC&#8217;s Subsidiaries and Joint Venture Network</b>. This section provides a brief overview of NTIC&#8217;s subsidiaries and its joint venture network, the joint ventures which are considered individually significant to NTIC&#8217;s consolidated assets and income and how NTIC&#8217;s joint ventures are accounted for by NTIC.</td></tr>
<tr style="VERTICAL-ALIGN: top">
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td></tr></table>
<table style="TEXT-INDENT: 0;MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; MARGIN-TOP: 0pt" cellspacing="0" cellpadding="0" width="100%">

<tr style="VERTICAL-ALIGN: top">
<td style="WIDTH: 18.7pt">&nbsp;</td>
<td style="WIDTH: 18.7pt">&#8226;</td>
<td><b>Termination of Chinese Joint Venture.</b> This section provides a brief summary of the termination of NTIC&#8217;s joint venture in China and the financial impact on fiscal 2016.</td></tr>
<tr style="VERTICAL-ALIGN: top">
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td></tr></table>
<table style="TEXT-INDENT: 0;MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; MARGIN-TOP: 0pt" cellspacing="0" cellpadding="0" width="100%">

<tr style="VERTICAL-ALIGN: top">
<td style="WIDTH: 18.7pt">&nbsp;</td>
<td style="WIDTH: 18.7pt">&#8226;</td>
<td><b>Financial Overview</b>. This section provides a brief summary of NTIC&#8217;s financial results and financial condition for fiscal 2016 compared to 2015.</td></tr>
<tr style="VERTICAL-ALIGN: top">
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td></tr></table>
<table style="TEXT-INDENT: 0;MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; MARGIN-TOP: 0pt" cellspacing="0" cellpadding="0" width="100%">

<tr style="VERTICAL-ALIGN: top">
<td style="WIDTH: 18.7pt">&nbsp;</td>
<td style="WIDTH: 18.7pt">&#8226;</td>
<td><b>Sales and Expense Components</b>. This section provides a brief description of the significant line items in NTIC&#8217;s consolidated statements of operations.</td></tr>
<tr style="VERTICAL-ALIGN: top">
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td></tr></table>
<table style="TEXT-INDENT: 0;MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; MARGIN-TOP: 0pt" cellspacing="0" cellpadding="0" width="100%">

<tr style="VERTICAL-ALIGN: top">
<td style="WIDTH: 18.7pt">&nbsp;</td>
<td style="WIDTH: 18.7pt">&#8226;</td>
<td><b>Results of Operations</b>. This section provides an analysis of the significant line items in NTIC&#8217;s consolidated statements of operations.</td></tr>
<tr style="VERTICAL-ALIGN: top">
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td></tr></table>
<table style="TEXT-INDENT: 0;MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; MARGIN-TOP: 0pt" cellspacing="0" cellpadding="0" width="100%">

<tr style="VERTICAL-ALIGN: top">
<td style="WIDTH: 18.7pt">&nbsp;</td>
<td style="WIDTH: 18.7pt">&#8226;</td>
<td><b>Liquidity and Capital Resources</b>. This section provides an analysis of NTIC&#8217;s liquidity and cash flows and a discussion of NTIC&#8217;s financial condition and financial commitments.</td></tr>
<tr style="VERTICAL-ALIGN: top">
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td></tr></table>
<table style="TEXT-INDENT: 0;MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; MARGIN-TOP: 0pt" cellspacing="0" cellpadding="0" width="100%">

<tr style="VERTICAL-ALIGN: top">
<td style="WIDTH: 18.7pt">&nbsp;</td>
<td style="WIDTH: 18.7pt">&#8226;</td>
<td><b>Off-Balance Sheet Arrangements</b>. This section describes NTIC&#8217;s material off-balance sheet arrangements.</td></tr>
<tr style="VERTICAL-ALIGN: top">
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td></tr></table>
<table style="TEXT-INDENT: 0;MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; MARGIN-TOP: 0pt" cellspacing="0" cellpadding="0" width="100%">

<tr style="VERTICAL-ALIGN: top">
<td style="WIDTH: 18.7pt">&nbsp;</td>
<td style="WIDTH: 18.7pt">&#8226;</td>
<td><b>Inflation and Seasonality</b>. This section describes the effects of inflation and seasonality, if any, on NTIC&#8217;s business and operating results.</td></tr>
<tr style="VERTICAL-ALIGN: top">
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td></tr></table>
<table style="TEXT-INDENT: 0;MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; MARGIN-TOP: 0pt" cellspacing="0" cellpadding="0" width="100%">

<tr style="VERTICAL-ALIGN: top">
<td style="WIDTH: 18.7pt">&nbsp;</td>
<td style="WIDTH: 18.7pt">&#8226;</td>
<td><b>Market Risk</b>. This section describes material market risks to which NTIC is subject.</td></tr>
<tr style="VERTICAL-ALIGN: top">
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td></tr></table>
<table style="TEXT-INDENT: 0;MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; MARGIN-TOP: 0pt" cellspacing="0" cellpadding="0" width="100%">

<tr style="VERTICAL-ALIGN: top">
<td style="WIDTH: 18.7pt">&nbsp;</td>
<td style="WIDTH: 18.7pt">&#8226;</td>
<td><b>Related Party Transactions</b>. This section describes any material related party transactions to which NTIC is a party.</td></tr>
<tr style="VERTICAL-ALIGN: top">
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td></tr></table>
<table style="TEXT-INDENT: 0;MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; MARGIN-TOP: 0pt" cellspacing="0" cellpadding="0" width="100%">

<tr style="VERTICAL-ALIGN: top">
<td style="WIDTH: 18.7pt">&nbsp;</td>
<td style="WIDTH: 18.7pt">&#8226;</td>
<td><b>Critical Accounting Policies and Estimates</b>. This section discusses NTIC&#8217;s critical accounting policies and estimates which require NTIC to exercise subjective or complex judgments in their application. All of NTIC&#8217;s significant accounting policies, including its critical accounting estimates, are summarized in Note 1 to NTIC&#8217;s consolidated financial statements.</td></tr>
<tr style="VERTICAL-ALIGN: top">
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td></tr></table>
<table style="TEXT-INDENT: 0;MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; MARGIN-TOP: 0pt" cellspacing="0" cellpadding="0" width="100%">

<tr style="VERTICAL-ALIGN: top">
<td style="WIDTH: 18.7pt">&nbsp;</td>
<td style="WIDTH: 18.7pt">&#8226;</td>
<td><b>Recent Accounting Pronouncements</b>. This section discusses recently issued accounting pronouncements that have had or may affect NTIC&#8217;s results of operations and financial condition and references Note 2 to NTIC&#8217;s consolidated financial statements, which summarizes such pronouncements.</td></tr></table>
<p style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; MARGIN: 0pt 0px"></p>
<div style="MARGIN-BOTTOM: 6pt; BORDER-BOTTOM: black 4pt solid; MARGIN-TOP: 12pt">
<table style="TEXT-INDENT: 0;FONT-SIZE: 10pt; WIDTH: 100%; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0">

<tr style="VERTICAL-ALIGN: top; TEXT-ALIGN: left">
<td style="WIDTH: 100%; TEXT-ALIGN: center">39</td></tr></table></div>
<div style="PAGE-BREAK-BEFORE: always; MARGIN-TOP: 6pt">&nbsp;</div>
<p style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; MARGIN: 0pt 0px">Business Overview</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">NTIC develops and markets proprietary environmentally beneficial
products and services in over 60 countries either directly or via a network of subsidiaries, joint ventures, independent distributors
and agents. NTIC&#8217;s primary business is corrosion prevention marketed mainly under the ZERUST<sup>&#174;</sup> brand. NTIC
has been selling its proprietary ZERUST<sup>&#174;</sup> products and services to the automotive, electronics, electrical, mechanical,
military and retail consumer markets for over 40 years, and in recent years, has targeted and expanded into the oil and gas industry.
NTIC also markets and sells a portfolio of biobased and certified compostable (fully biodegradable) polymer resin compounds and
finished products under the Natur-Tec<sup>&#174;</sup> brand. These products are intended to reduce NTIC&#8217;s customers&#8217;
carbon footprint and provide environmentally sound waste disposal options.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>



<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">NTIC&#8217;s ZERUST<sup>&#174;</sup> rust and corrosion inhibiting
products include plastic and paper packaging, liquids and coatings, rust removers and cleaners, diffusers and engineered solutions
designed specifically for the oil and gas industry. NTIC also offers worldwide on-site technical consulting for rust and corrosion
prevention issues. NTIC&#8217;s technical service consultants work directly with the end users of NTIC&#8217;s ZERUST<sup>&#174;</sup>
rust and corrosion inhibiting products to analyze their specific needs and develop systems to meet their technical requirements.
In North America, NTIC sells its ZERUST<sup>&#174;</sup> corrosion prevention solutions through a network of independent distributors
and agents supported by a direct sales force. Internationally, NTIC sells its ZERUST<sup>&#174;</sup> corrosion prevention solutions
through its wholly-owned subsidiary in China, NTIC (Shanghai) Co., Ltd. (NTIC China), its majority-owned joint venture holding
company for NTIC&#8217;s joint venture investments in the Association of Southeast Asian Nations (ASEAN) region, its majority-owned
subsidiary in Brazil, Zerust Preven&#231;&#227;o de Corros&#227;o S.A. (Zerust Brazil), and joint venture arrangements in
North America, Europe and Asia.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>



<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">One of NTIC&#8217;s strategic initiatives is to expand into
and penetrate other markets for its ZERUST<sup>&#174;</sup> corrosion prevention solutions. Consequently, for the past several years,
NTIC has focused significant sales and marketing efforts on the oil and gas industry, as the infrastructure that supports that
industry is typically constructed using metals that are highly susceptible to corrosion. NTIC believes that its ZERUST<sup>&#174;</sup>
corrosion prevention solutions will minimize maintenance downtime on critical oil and gas industry infrastructure, extend the life
of such infrastructure and reduce the risk of environmental pollution due to corrosion leaks.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>



<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">NTIC markets and sells its ZERUST<sup>&#174;</sup> rust and corrosion
prevention solutions to customers in the oil and gas industry across several countries either directly, through its subsidiaries
or through its joint venture partners and other strategic partners. The sale of ZERUST<sup>&#174;</sup> corrosion prevention solutions
to customers in the oil and gas industry typically involves a long sales cycle, often including a one- to multi-year trial period
with each customer and a slow integration process thereafter.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>



<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Natur-Tec<sup>&#174;</sup> biobased and compostable plastics
are manufactured using NTIC&#8217;s patented and/or proprietary technologies and are intended to replace conventional petroleum-based
plastics. The Natur-Tec<sup>&#174;</sup> biopolymer resin compound portfolio includes formulations that have been optimized for
a variety of applications including blown-film extrusion, extrusion coating, injection molding, and engineered plastics. These
resin compounds are certified to be fully biodegradable in a composting environment and are currently being used to produce finished
products including can liners, shopping and grocery bags, lawn and leaf bags, pet waste collection bags, cutlery and coated paper
products. In North America, NTIC markets its Natur-Tec<sup>&#174;</sup> resin compounds and finished products primarily through
a network of regional and national distributors as well as independent agents. NTIC continues to see significant opportunities
for finished bioplastic products and, therefore, continues to strengthen and expand its North American distribution network for
finished Natur-Tec<sup>&#174;</sup> bioplastic products. Internationally, NTIC sells its Natur-Tec<sup>&#174;</sup> resin compounds
and finished products both directly and through its majority- owned subsidiary in India, Natur-Tec India Private Limited (Natur-Tec
India), and through certain joint ventures.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>



<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"><b></b></p>
<div style="MARGIN-BOTTOM: 6pt; BORDER-BOTTOM: black 4pt solid; MARGIN-TOP: 12pt">
<table style="TEXT-INDENT: 0;FONT-SIZE: 10pt; WIDTH: 100%; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0">

<tr style="VERTICAL-ALIGN: top; TEXT-ALIGN: left">
<td style="WIDTH: 100%; TEXT-ALIGN: center">40</td></tr></table></div>
<div style="PAGE-BREAK-BEFORE: always; MARGIN-TOP: 6pt">&nbsp;</div>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"><b>Termination of Chinese Joint Venture</b></p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">On January 2, 2015, NTIC announced that, effective as of December
31, 2014, it is selling its ZERUST<sup>&#174;</sup> products and services in China through a wholly-owned subsidiary, NTIC (Shanghai)
Co., Ltd., and has terminated its joint venture agreements with Tianjin-Zerust Anticorrosion Co., Ltd. (Tianjin Zerust). NTIC and
NTI Asean LLC have filed a lawsuit in China against Mr. Tao Meng, the former joint venture entity&#8217;s other shareholder, and
his spouse, seeking, among other things, an orderly liquidation of Tianjin Zerust.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>



<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">NTIC indirectly has a 30% ownership interest in Tianjin Zerust through its 60% owned holding company subsidiary, NTI Asean LLC. NTIC&#8217;s consolidated financial statements include the financial results of NTIC China beginning with the second quarter of fiscal 2015.</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">NTIC anticipates that it will take time to transition Tianjin
Zerust customers to NTIC China and no assurance can be provided that NTIC China will be able to achieve the net sales and income
levels previously achieved by Tianjin Zerust. For fiscal 2014, Tianjin Zerust had net sales of $15.9 million and net income of
$1.3 million. The operating income of the joint venture before paying royalties in an aggregate amount of $4.2 million to all shareholders
was over $5.5 million.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>


<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">During fiscal 2016, NTIC realized approximately $3,410,000 in expenses related either directly or indirectly to the establishment and initial business operations of NTIC China, the termination of the joint venture agreements with Tianjin Zerust, NTIC&#8217;s ongoing litigation against Mr. Tao Meng and his spouse, NTIC&#8217;s ongoing litigation against Cortec Corporation, the creation of a reserve against the accounts receivable balance from Tianjin Zerust, the write-off of certain inventory and the asset impairment of NTIC&#8217;s joint venture interest in Tianjin Zerust. These expenses are recorded as selling, general and administrative expenses, expenses incurred in support of joint ventures, and/or impairment on investment at carrying value on NTIC&#8217;s consolidated statements of operations.</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Based on additional information regarding the financial position
of the investment through the legal proceedings that have been ongoing and the lack of financial information and cooperation provided
from the Tianjin Zerust partner, NTIC believes that, for accounting purposes, its joint venture investment in Tianjin Zerust is
fully impaired as of August 31, 2016.&nbsp; The carrying value of Tianjin Zerust prior to impairment was $1,883,668, of which the
net impact to NTIC was $1,130,201 based on 60% ownership of NTI Asean. As of August 31, 2016, the carrying value, for accounting
purposes, is $0.&nbsp; As of August 31, 2016, NTIC created a reserve against the accounts receivable balance owed from Tianjin
Zerust of $114,636 as NTIC determined that, for accounting purposes, it is uncollectible. Despite these accounting positions, NTIC
intends to continue to vigorously pursue its litigation against its former joint venture partner for the losses associated with
Tianjin Zerust. NTIC also intends to continue to vigorously pursue its litigation against Cortec Corporation for lost profits,
unjust enrichment and other damages related to its tortious interference and breach, among other claims.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>





<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">NTIC expects that its operating results may continue to be volatile as a result of its ongoing Chinese operations.</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"></p>
<div style="MARGIN-BOTTOM: 6pt; BORDER-BOTTOM: black 4pt solid; MARGIN-TOP: 12pt">
<table style="TEXT-INDENT: 0;FONT-SIZE: 10pt; WIDTH: 100%; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0">

<tr style="VERTICAL-ALIGN: top; TEXT-ALIGN: left">
<td style="WIDTH: 100%; TEXT-ALIGN: center">41</td></tr></table></div>
<div style="PAGE-BREAK-BEFORE: always; MARGIN-TOP: 6pt">&nbsp;</div>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"><b>NTIC&#8217;s Subsidiaries and Joint Venture Network</b></p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">NTIC has ownership interests in five subsidiaries in North America, Europe and Asia. The following table sets forth a list of NTIC&#8217;s operating subsidiaries as of November 15, 2016, the country in which the subsidiary is organized and NTIC&#8217;s ownership percentage in each subsidiary:</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<table style="TEXT-INDENT: 0;WIDTH: 100%; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0">

<tr style="VERTICAL-ALIGN: bottom">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center">Joint Venture Name</td>
<td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3">Country</td>
<td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3">NTIC <br>Percent (%) Ownership</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; WIDTH: 74%; TEXT-ALIGN: justify; TEXT-INDENT: 0.1pt">NTIC (Shanghai) Co., Ltd</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&nbsp;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: center">&nbsp;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: center"><font style="FONT-SIZE: 10pt">China</font></td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: center">&nbsp;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&nbsp;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 6%; TEXT-ALIGN: right">100</td>
<td style="FONT-SIZE: 10pt; WIDTH: 5%; TEXT-ALIGN: left">%</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; TEXT-INDENT: 0.1pt">NTI Asean LLC</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: center">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: center" nowrap><font style="FONT-SIZE: 10pt">United States</font></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: center">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">60</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">%</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; TEXT-INDENT: 0.1pt">Zerust Preven&#231;&#227;o de Corros&#227;o S.A.</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: center">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: center"><font style="FONT-SIZE: 10pt">Brazil</font></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: center">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">85</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">%</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left; TEXT-INDENT: 0.1pt">ZERUST-EXCOR MEXICO, S. de R.L. de C.V</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: center">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: center"><font style="FONT-SIZE: 10pt">Mexico</font></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: center">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">100</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">%</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left; TEXT-INDENT: 0.1pt">Natur-Tec India Private Limited</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: center">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: center"><font style="FONT-SIZE: 10pt">India</font></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: center">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">90</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">%</td></tr></table>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"><b>&nbsp;</b></p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">The results of NTIC China, Zerust Brazil, NTI Asean and Natur-Tec India, and as of August 31, 2016, Zerust Mexico, are fully consolidated in NTIC&#8217;s consolidated financial statements.</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"><font style="FONT-WEIGHT: normal">&nbsp;</font></p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><font style="font-weight: normal">NTIC participates in 19 active
joint venture arrangements in North America, Europe and Asia. Each of these joint ventures generally manufactures and markets products
in the geographic territory to which it is assigned. While most of NTIC&#8217;s joint ventures exclusively sell rust and corrosion
inhibiting products, some of the joint ventures also sell NTIC&#8217;s Natur-Tec<sup>&#174;</sup> resin compounds. NTIC has historically
funded its investments in joint ventures with cash generated from operations. </font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>


<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"><font style="FONT-WEIGHT: normal">NTIC&#8217;s receipt of funds from its joint ventures is dependent upon fees for services that NTIC provides to its joint ventures, based primarily on the net sales of the individual joint ventures, and NTIC&#8217;s receipt of dividend distributions from the joint ventures. The fees for services provided to joint ventures are determined based on either a flat fee or a percentage of sales depending on local laws and tax regulations. With respect to NTIC&#8217;s joint venture in Germany (EXCOR), NTIC recognizes an agreed upon quarterly fee for such services. NTIC recognizes equity income from its joint ventures based on the overall profitability of its joint ventures. Such profitability is subject to variability from quarter to quarter which, in turn, subjects NTIC&#8217;s earnings to variability from quarter to quarter. The profits of NTIC&#8217;s joint ventures are shared by the respective joint venture owners in accordance with their respective ownership percentages. NTIC typically directly or indirectly owns 50% or less of each of its joint venture entities and thus does not control the decisions of these entities regarding whether to pay dividends and, if paid, how much they should be in a given year. The payment of a dividend by an entity is determined by a joint vote of the owners and is not at the sole discretion of NTIC. </font></p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"><font style="FONT-WEIGHT: normal">NTIC accounts for the investments and financial results of its joint ventures in its consolidated financial statements utilizing the equity method of accounting. </font></p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"><font style="FONT-WEIGHT: normal">NTIC considers EXCOR to be individually significant to NTIC&#8217;s consolidated assets and income; and therefore, provides certain additional information regarding EXCOR in the notes to NTIC&#8217;s consolidated financial statements and in this section of this report. </font></p>
<p style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; MARGIN: 0pt 0px">Financial Overview</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">NTIC&#8217;s management, including its chief executive officer
who is NTIC&#8217;s chief operating decision maker, reports and manages NTIC&#8217;s operations in two reportable business segments
based on products sold, customer base and distribution center: ZERUST<sup>&#174;</sup> products and services and Natur-Tec<sup>&#174;</sup>
products.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>



<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"></p>
<div style="MARGIN-BOTTOM: 6pt; BORDER-BOTTOM: black 4pt solid; MARGIN-TOP: 12pt">
<table style="TEXT-INDENT: 0;FONT-SIZE: 10pt; WIDTH: 100%; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0">

<tr style="VERTICAL-ALIGN: top; TEXT-ALIGN: left">
<td style="WIDTH: 100%; TEXT-ALIGN: center">42</td></tr></table></div>
<div style="PAGE-BREAK-BEFORE: always; MARGIN-TOP: 6pt">&nbsp;</div>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">NTIC&#8217;s consolidated net sales increased 8.6% during fiscal
2016 compared to fiscal 2015. This increase was primarily a result of increased sales at NTIC China and increased sales of Natur-Tec<sup>&#174;</sup>
products, partially offset by decreased sales of Zerust industrial products in North America. During fiscal 2016, 83.7% of NTIC&#8217;s
consolidated net sales were derived from sales of ZERUST<sup>&#174;</sup> products and services, which increased 5.9% to $27,577,566
during fiscal 2016 compared to $26,042,909 during fiscal 2015. This increase was due to increased demand from new customers in
China. NTIC has focused its sales efforts of ZERUST<sup>&#174;</sup> products and services by strategically targeting customers
with specific corrosion issues in new market areas, including the oil and gas industry and other industrial sectors that offer
sizable growth opportunities. NTIC&#8217;s consolidated net sales for fiscal 2016 included $1,739,607 of sales made to customers
in the oil and gas industry compared to $1,886,814 for fiscal 2015. Overall demand for ZERUST<sup>&#174;</sup> products and services
depends heavily on the overall health of the markets in which NTIC sells its products, including the automotive, oil and gas, agriculture,
and mining markets in particular. In addition, NTIC believes demand for ZERUST<sup>&#174;</sup> products and services in the oil
and gas industry is dependent upon oil prices, with low oil prices causing existing or potential customers to delay purchases and
installations.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>



<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">During fiscal 2016, 16.3% of NTIC&#8217;s consolidated net sales
were derived from sales of Natur-Tec<sup>&#174;</sup> products compared to 14.1% during fiscal 2015. Net sales of Natur-Tec<sup>&#174;</sup>
products increased 25.1% to $5,355,999 during fiscal 2016 compared to fiscal 2015 primarily due to finished product sales in North
America and finished product sales at NTIC&#8217;s majority-owned subsidiary in India, Natur-Tec India Private Limited (Natur-Tec
India).</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>



<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">Cost of goods sold as a percentage of net sales remained at 67.8% during fiscal 2016 and fiscal 2015.</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">NTIC&#8217;s equity in income from joint ventures decreased 20.1% to $4,743,831 during fiscal 2016 compared to $5,936,565 during fiscal 2015. This decrease was primarily a result of decreases in profitability at the joint ventures, including no equity in income provided by Tianjin Zerust during fiscal 2016 compared to $132,824 during fiscal 2015. NTIC recognized a 10.1%, or $577,781, decrease in fees for services provided to joint ventures during fiscal 2016 compared to fiscal 2015 primarily due to not receiving any fees for services from Tianjin Zerust and to a lesser extent, a decrease in sales of the joint ventures. Fees for services provided to Tianjin Zerust decreased to $0 during fiscal 2016 compared to $494,080 during fiscal 2015. Additionally, there was a decrease in sales at the joint ventures, which were $90,646,833 during fiscal 2016, compared to $99,026,251 during fiscal 2015. This decrease in the net sales of NTIC&#8217;s joint ventures was due primarily to weaker economic trends, especially in Europe. This decrease resulted in a corresponding decrease in fees for services provided to joint ventures as such fees are a function of net sales of NTIC&#8217;s joint ventures.</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">NTIC&#8217;s total operating expenses increased $775,226, or 4.2%, to $19,042,399 during fiscal 2016 compared to $18,267,173 in fiscal 2015. This increase was primarily due to the expenses related to the formation and establishment of NTIC China and the associated legal expense associated with anticipated liquidation of Tianjin Zerust and ongoing litigation in North America. Such expenses consisted primarily of legal and personnel expenses associated with the establishment of the subsidiary, the hiring of new personnel and operations.</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">NTIC spent $4,724,596 in fiscal 2016 in connection with its
research and development activities, compared to $4,047,279 in fiscal 2015. NTIC anticipates that it will spend between $2,000,000
and $3,000,000 in fiscal 2017 on research and development activities. This anticipated significant decrease is due to the transition
of expenses that were previously treated as research and development expenses to selling, general and administrative expenses,
specifically as they relate to Natur-Tec<sup>&#174;</sup> and the ZERUST<sup>&#174;</sup> oil and gas business since most of the
expenses related to these business units are no longer in the research and development phase of product development.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>



<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Based on additional information regarding the financial position
of the investment through the legal proceedings that have been ongoing and the lack of financial information and cooperation provided
from the Tianjin Zerust partner, NTIC recorded an impairment charge of $1,883,668 during fiscal 2016 related to NTIC&#8217;s joint
venture investment in Tianjin Zerust, the net impact of which, net of the minority interest, was $1,130,201. NTIC&#8217;s investment
in its Tianjin Zerust joint venture is now valued at $0 for accounting purposes.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>





<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"></p>
<div style="MARGIN-BOTTOM: 6pt; BORDER-BOTTOM: black 4pt solid; MARGIN-TOP: 12pt">
<table style="TEXT-INDENT: 0;FONT-SIZE: 10pt; WIDTH: 100%; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0">

<tr style="VERTICAL-ALIGN: top; TEXT-ALIGN: left">
<td style="WIDTH: 100%; TEXT-ALIGN: center">43</td></tr></table></div>
<div style="PAGE-BREAK-BEFORE: always; MARGIN-TOP: 6pt">&nbsp;</div>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">Net (loss) income attributable to NTIC decreased to a net loss of $(867,514), or $(0.19) per diluted common share, for fiscal 2016 compared to net income of $1,789,571, or $0.38 per diluted common share, for fiscal 2015. This decrease was primarily the result of the decrease in income from NTIC&#8217;s joint venture operations, the impairment of the fair value of NTIC&#8217;s joint venture investment in Tianjin Zerust of $1,883,668 ($1,130,201 net of minority interest) and the $1,266,087 of losses in fiscal 2016 associated with NTIC China&#8217;s operations, which was a $223,892 increase over fiscal 2015.</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">NTIC anticipates that its quarterly net income or loss will
continue to remain subject to significant volatility primarily due to the financial performance of its subsidiaries and joint ventures
and sales of its ZERUST<sup>&#174;</sup> products and services into the oil and gas industry and Natur-Tec<sup>&#174;</sup> bioplastics
products, which sales fluctuate more on a quarterly basis than the traditional ZERUST<sup>&#174;</sup> business. NTIC also anticipates
that its operating results will remain volatile primarily as a result of the changes in its Chinese operations.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>



<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">NTIC&#8217;s working capital was $16,948,065 at August 31, 2016, including $3,395,274 in cash and cash equivalents and $2,243,864 in available for sale securities, compared to $15,603,771 at August 31, 2015, including $2,623,981 in cash and cash equivalents and $2,027,441 in available for sale securities.</p>
<p style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; MARGIN: 0pt 0px">Sales and Expense Components</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">The following is a description of the primary components of net sales and expenses:</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"><b><i>Net Sales, Excluding Joint Ventures</i></b>. NTIC derives net sales from the sale of its ZERUST<sup style="vertical-align: baseline; position: relative; bottom:.33em;">&#174;</sup> products and services and its Natur-Tec<sup style="vertical-align: baseline; position: relative; bottom:.33em;">&#174;</sup> products. NTIC sells its ZERUST<sup style="vertical-align: baseline; position: relative; bottom:.33em;">&#174;</sup> products and services and its Natur-Tec<sup style="vertical-align: baseline; position: relative; bottom:.33em;">&#174;</sup> products either directly, through its subsidiaries or via a network of joint ventures, independent distributors and agents. Net sales, excluding joint ventures represents net sales by NTIC either directly to end users or to distributors worldwide, but not sales to NTIC&#8217;s joint ventures and not sales by NTIC&#8217;s joint ventures. NTIC recognizes revenue from the sale of its products when persuasive evidence of an arrangement exists, the product has been delivered, the fee is fixed and determinable and collection of the resulting receivable is reasonably assured, all of which criteria are generally met upon shipment when risk of loss and title passes to the customer or distributor. NTIC records all amounts billed to customers and distributors in a sales transaction related to shipping and handling as sales and records costs related to shipping and handling in cost of goods sold.</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"><b>&nbsp;</b></p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"><b><i>Net Sales, To Joint Ventures</i></b>. Net sales, to joint ventures represents net sales by NTIC to NTIC&#8217;s joint ventures, but not sales by NTIC either directly to end users or to distributors or sales by NTIC&#8217;s joint ventures. NTIC&#8217;s revenue recognition policy for sales to its joint ventures is the same as NTIC&#8217;s policy for sales to unaffiliated customers. NTIC recognizes revenue from the sale of its products to joint ventures when persuasive evidence of an arrangement exists, the product has been delivered, the fee is fixed and determinable and collection of the resulting receivable is reasonably assured, all of which criteria are generally met upon shipment when risk of loss and title passes to the joint venture.</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"><b><i>Cost of Goods Sold</i></b>. Most of NTIC&#8217;s products are manufactured by third parties and its cost of goods sold for those products consists primarily of the price invoiced by its third-party vendors. For the portion of products that NTIC manufactures, NTIC&#8217;s cost of goods sold for those products consists primarily of direct labor, allocated manufacturing overhead, raw materials and components. NTIC&#8217;s margins on its Natur-Tec<sup style="vertical-align: baseline; position: relative; bottom:.33em;">&#174;</sup> resin compounds and finished products are generally smaller than its margins on its ZERUST<sup style="vertical-align: baseline; position: relative; bottom:.33em;">&#174;</sup> products and services, and NTIC&#8217;s margins on its ZERUST<sup style="vertical-align: baseline; position: relative; bottom:.33em;">&#174;</sup> products and services sold into the oil and gas industry are generally greater than its margins on its traditional ZERUST<sup style="vertical-align: baseline; position: relative; bottom:.33em;">&#174;</sup> products and services.</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"><b><i>Equity in Income from Joint Ventures</i></b>. NTIC&#8217;s equity in income from joint ventures consists of NTIC&#8217;s share of equity in income from its joint ventures based on the overall profitability of the joint ventures. Such profitability is subject to variability from quarter to quarter which, in turn, subjects NTIC&#8217;s earnings to variability from quarter to quarter. Traditionally, a portion of the equity income recorded in a given fiscal year is paid to the owners of the joint venture entity during the following fiscal year through a dividend. The payment of a dividend by a joint venture entity is determined by a vote of the joint venture owners and is not at the sole discretion of NTIC. NTIC typically owns only 50% or less of its joint venture entities and thus does not control the decisions of these entities regarding whether to pay dividends and, if paid, how much they should be in a given year.</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"></p>
<div style="MARGIN-BOTTOM: 6pt; BORDER-BOTTOM: black 4pt solid; MARGIN-TOP: 12pt">
<table style="TEXT-INDENT: 0;FONT-SIZE: 10pt; WIDTH: 100%; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0">

<tr style="VERTICAL-ALIGN: top; TEXT-ALIGN: left">
<td style="WIDTH: 100%; TEXT-ALIGN: center">44</td></tr></table></div>
<div style="PAGE-BREAK-BEFORE: always; MARGIN-TOP: 6pt">&nbsp;</div>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"><b><i>Fees for Services Provided to Joint Ventures</i></b>. NTIC provides certain services to its joint ventures including consulting, legal, travel, insurance, technical and marketing services. NTIC receives fees for these services it provides to its joint ventures based primarily on the net sales by NTIC&#8217;s joint ventures, the latter of which are not included in NTIC&#8217;s net sales reflected on NTIC&#8217;s consolidated statements of operations. The fees for services received by NTIC from its joint ventures are generally determined based on either a flat fee or a percentage of net sales by NTIC&#8217;s joint ventures depending on local laws and tax regulations. With respect to EXCOR, NTIC receives an agreed upon fixed quarterly fee for such services. NTIC records revenue related to fees for services provided to joint ventures when earned, amounts are determinable and collectability is reasonably assured. Under NTIC&#8217;s agreements with its joint ventures in which the fees for services is described, fees are earned when the joint venture recognizes the revenue.</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">NTIC sponsors a worldwide joint venture conference periodically in which all of NTIC&#8217;s joint ventures are invited to participate. It is anticipated that the next joint venture conference will be held next year or the year thereafter. NTIC defers a portion of its fees for services provided to joint ventures in each accounting period leading up to the next conference, reflecting that NTIC has not fully earned the payments received during that period. The amount deferred is based on the historical experience of NTIC, current conditions and the intentions of NTIC&#8217;s management. The costs associated with these joint venture conferences are offset against the deferral as incurred, generally in the period in which the conference is held and immediately before.</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"><b><i>Selling Expenses</i></b>. Selling expenses consist primarily of sales commissions and support costs for NTIC&#8217;s direct sale and distribution system, and marketing costs.</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"><b><i>General and Administrative Expenses</i></b>. General and administrative expenses consist primarily of salaries and benefits, and other costs for NTIC&#8217;s executives, accounting, stock-based compensation, finance, legal, information technology and human resources functions.</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"><b><i>Expenses Incurred in Support of Joint Ventures</i></b>. NTIC incurs direct expenses related to its joint ventures and in connection with NTIC&#8217;s provision of support and services to its joint ventures. Such expenses include items such as employee compensation and benefits, travel, consulting, legal and laboratory supplies and testing expenses.</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"><b><i>Research and Development Expenses</i></b>. Research and development expenses include costs associated with the design, development, market analysis, lab testing and field trials and enhancements of NTIC&#8217;s products and services. NTIC expenses all costs related to product research and development as incurred. Research and development expenses reflect the net amount after being reduced by reimbursements related to certain research and development contracts. With respect to such research and development contracts, NTIC accrues proceeds received under the contracts and offsets research and development expenses incurred in equal installments over the timelines associated with completion of the contracts&#8217; specific objectives and milestones.</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"><b><i>&nbsp;</i></b></p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"><b><i>Interest Income</i></b>. Interest income consists of interest earned on investments, which typically consist of investment-grade, interest-bearing securities and money market accounts.</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"></p>
<div style="MARGIN-BOTTOM: 6pt; BORDER-BOTTOM: black 4pt solid; MARGIN-TOP: 12pt">
<table style="TEXT-INDENT: 0;FONT-SIZE: 10pt; WIDTH: 100%; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0">

<tr style="VERTICAL-ALIGN: top; TEXT-ALIGN: left">
<td style="WIDTH: 100%; TEXT-ALIGN: center">45</td></tr></table></div>
<div style="PAGE-BREAK-BEFORE: always; MARGIN-TOP: 6pt">&nbsp;</div>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"><b><i>Interest Expense</i></b>. Interest expense results primarily from interest associated with any borrowings under NTIC&#8217;s line of credit with PNC Bank.</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"><b>&nbsp;</b></p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"><b><i>Income Tax Expense</i></b>. Income tax expense includes federal income taxes, foreign withholding taxes, income tax of consolidated entities in foreign jurisdictions, state income tax and changes to NTIC&#8217;s deferred tax valuation allowance. NTIC utilizes the liability method of accounting for income taxes which requires an asset and liability approach to financial accounting and reporting for income taxes. Deferred income tax assets and liabilities are computed annually for differences between the financial statement and tax basis of assets and liabilities that will result in taxable or deductible amounts in the future, based on enacted tax laws and rates applicable to the periods in which the differences are expected to affect taxable income. Valuation allowances are established when necessary to reduce deferred tax assets to the amount expected to be realized. NTIC records a tax valuation allowance when it is more likely than not that some portion or all of its deferred tax assets will not be realized. NTIC makes this determination based on all available evidence, including historical data and projections of future results. Income tax expense is the tax payable or refundable for the period plus or minus the change during the period in deferred tax assets and liabilities.</p>
<p style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; MARGIN: 0pt 0px">Results of Operations</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"><b><i>Fiscal Year 2016 Compared to Fiscal Year 2015</i></b></p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">The following table sets forth NTIC&#8217;s results of operations for fiscal 2016 and fiscal 2015.</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<table style="TEXT-INDENT: 0;WIDTH: 100%; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0">

<tr style="VERTICAL-ALIGN: bottom">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify">&nbsp;</td>
<td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3">Fiscal 2016</td>
<td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3">% of <br>Net Sales</td>
<td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3">Fiscal 2015</td>
<td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3">% of <br>Net Sales</td>
<td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3">$ <br>Change</td>
<td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3">% <br>Change</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; WIDTH: 22%; TEXT-ALIGN: justify">Net sales, excluding joint ventures </td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&nbsp;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">$</td>
<td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right">30,211,660</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&nbsp;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right">91.7</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">%</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&nbsp;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">$</td>
<td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right">27,491,392</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&nbsp;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right">90.7</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">%</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&nbsp;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">$</td>
<td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right">2,720,268</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&nbsp;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right">9.9</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">%</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify">Net sales, to joint ventures </td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,721,905</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8.3</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">%</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,831,301</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">9.3</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">%</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">(109,396</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">)</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">(3.9</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">%)</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify">Cost of goods sold </td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">22,320,156</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">67.8</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">%</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">20,555,932</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">67.8</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">%</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,764,224</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8.6</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">%</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify">Equity in income from joint ventures </td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,743,831</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">14.4</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">%</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,936,565</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">19.6</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">%</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">(1,192,734</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">)</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">(20.1</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">%)</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify" nowrap>Fees for services provided to joint ventures </td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,137,710</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">15.6</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">%</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,715,491</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">18.8</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">%</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">(577,781</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">)</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">(10.1</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">%)</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify">Selling expenses </td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6,255,353</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">19.0</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">%</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,820,748</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">19.2</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">%</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">434,605</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7.5</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">%</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify">General and administrative expenses </td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7,230,557</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">22.0</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">%</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6,531,576</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">21.5</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">%</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">698,981</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10.7</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">%</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left" nowrap>Expenses incurred in support of joint ventures </td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,001,812</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3.0</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">%</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,867,570</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6.2</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">%</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">(865,758</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">)</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">(46.4</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">%)</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify">Research and development expenses </td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,724,596</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">14.3</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">%</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,047,279</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">13.3</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">%</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">677,317</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">16.7</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">%</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify">Impairment of investment at carrying value</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,883,668</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5.7</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">%</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#8212;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#8212;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,883,668</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"><font style="FONT-SIZE: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;n/a</font></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td></tr></table>
<p style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"><i></i></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><i>Net Sales</i>. NTIC&#8217;s consolidated net sales increased
8.6% to $32,933,565 during fiscal 2016 compared to $30,322,693 during fiscal 2015. NTIC&#8217;s consolidated net sales to unaffiliated
customers excluding NTIC&#8217;s joint ventures increased 9.9% to $30,211,660 during fiscal 2016 compared to $27,491,392 during
fiscal 2015. These increases were primarily a result of increased sales at NTIC China and increased sales of Natur-Tec<sup>&#174;</sup>
products, partially offset by decreased sales of Zerust industrial products in North America. Net sales to joint ventures decreased
3.9% to $2,721,905 in fiscal 2016 compared to fiscal 2015. This decrease was due primarily to the decrease in sales of the joint
ventures.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>



<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">The following table sets forth NTIC&#8217;s net sales by product segment for fiscal 2016 and fiscal 2015:</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<table style="TEXT-INDENT: 0;WIDTH: 100%; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0">

<tr style="VERTICAL-ALIGN: bottom">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify">&nbsp;</td>
<td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3">Fiscal 2016</td>
<td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3">Fiscal 2015</td>
<td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3">$ <br>Change</td>
<td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3">%<br>Change</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; WIDTH: 48%; TEXT-ALIGN: justify">ZERUST<sup style="vertical-align: baseline; position: relative; bottom:.33em;">&#174;</sup> <font style="FONT-SIZE: 10pt">net sales </font></td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&nbsp;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">$</td>
<td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right">27,577,566</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&nbsp;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">$</td>
<td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right">26,042,909</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&nbsp;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">$</td>
<td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right">1,534,657</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&nbsp;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right">5.9</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">%</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt; TEXT-ALIGN: justify"><font style="FONT-SIZE: 10pt">Natur-Tec<sup style="vertical-align: baseline; position: relative; bottom:.33em;">&#174;</sup> net sales </font></td>
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">5,355,999</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">4,279,784</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">1,076,215</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">25.1</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">%</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify">Total net sales </td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">32,933,565</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">30,322,693</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,610,872</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8.6</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">%</td></tr></table>
<p style="FONT-SIZE: 10pt; COLOR: red; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">During fiscal 2016, 83.7% of NTIC&#8217;s consolidated net sales
were derived from sales of ZERUST<sup>&#174;</sup> products and services, which increased 5.9% to $27,577,566 compared to $26,042,909
during fiscal 2015. This increase was due to increased sales at NTIC China of $3,043,000 partially offset by decreases in sales
in North America and Brazil of $900,000 and $452,000, respectively. NTIC has strategically focused its sales efforts for ZERUST<sup>&#174;</sup>
products and services on customers with sizeable corrosion problems in industry sectors that offer sizable growth opportunities,
including the oil and gas sector. Overall demand for ZERUST<sup>&#174;</sup> products and services depends heavily on the overall
health of the market segments to which NTIC sells its products, including the automotive, oil and gas, agriculture, and mining
markets in particular. In addition, NTIC believes demand for ZERUST<sup>&#174;</sup> products and services in the oil and gas industry
is dependent upon oil prices, with low oil prices causing existing or potential customers to delay purchases and installations.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>



<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"></p>
<div style="MARGIN-BOTTOM: 6pt; BORDER-BOTTOM: black 4pt solid; MARGIN-TOP: 12pt">
<table style="TEXT-INDENT: 0;FONT-SIZE: 10pt; WIDTH: 100%; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0">

<tr style="VERTICAL-ALIGN: top; TEXT-ALIGN: left">
<td style="WIDTH: 100%; TEXT-ALIGN: center">46</td></tr></table></div>
<div style="PAGE-BREAK-BEFORE: always; MARGIN-TOP: 6pt">&nbsp;</div>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">The following table sets forth NTIC&#8217;s net sales of ZERUST<sup style="vertical-align: baseline; position: relative; bottom:.33em;">&#174;</sup> products for fiscal 2016 and fiscal 2015:</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<table style="TEXT-INDENT: 0;WIDTH: 100%; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0">

<tr style="VERTICAL-ALIGN: bottom">
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3">Fiscal 2016</td>
<td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3">Fiscal 2015</td>
<td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3">$ <br>Change</td>
<td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3">% <br>Change</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; WIDTH: 48%; TEXT-ALIGN: left">ZERUST<sup>&#174;</sup> industrial net sales</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&nbsp;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">$</td>
<td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right">23,124,461</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&nbsp;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">$</td>
<td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right">21,324,793</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&nbsp;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">$</td>
<td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right">1,799,668</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&nbsp;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right">8.4</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">%</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">ZERUST<sup>&#174;</sup> joint venture net sales</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,713,498</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,831,302</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">(117,804</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">)</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">(4.2</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">%)</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt; TEXT-ALIGN: left">ZERUST<sup>&#174;</sup> oil &amp; gas net sales</td>
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">1,739,607</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">1,886,814</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">(147,207</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">)</td>
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">(7.8</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">%)</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left; TEXT-INDENT: 10pt">Total ZERUST<sup>&#174;</sup> net sales</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">27,577,566</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">26,042,909</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,534,657</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5.9</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">%</td></tr></table>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">NTIC anticipates that its sales of ZERUST<sup>&#174;</sup> products
and services into the oil and gas industry will continue to remain subject to significant volatility from quarter to quarter as
sales are recognized.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>



<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"></p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">During fiscal 2016, 16.3% of NTIC&#8217;s consolidated net sales
were derived from sales of Natur-Tec<sup>&#174;</sup> products, compared to 14.1% during fiscal 2015. Sales of Natur-Tec<sup>&#174;</sup>
products increased 25.1% to $5,355,999 during fiscal 2016 compared to $4,279,784 during fiscal 2015. This increase was due primarily
to finished product sales in North America and finished product sales through Natur-Tec India. Demand for Natur-Tec<sup>&#174;</sup>
products around the world depends primarily on market acceptance and the reach of NTIC&#8217;s distribution network. Because of
the typical size of individual orders and overall size of NTIC&#8217;s net sales derived from sales of Natur-Tec<sup>&#174;</sup>
products, the timing of one or more orders can materially affect NTIC&#8217;s quarterly sales of Natur-Tec<sup>&#174;</sup> products
and the comparisons to prior fiscal year quarters.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>



<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"><i>Cost of Goods Sold</i>. Cost of goods sold increased 8.6% in fiscal 2016 compared to fiscal 2015 primarily as a result of the increase in net sales as described above. Cost of goods sold as a percentage of net sales remained at 67.8% during fiscal 2016 and fiscal 2015.</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"><i>Equity in Income from Joint Ventures</i>. NTIC&#8217;s equity in income from joint ventures decreased 20.1% to $4,743,831 during fiscal 2016 compared to $5,936,565 during fiscal 2015. This decrease was primarily a result of decreases in profitability at the joint ventures and the lack of income from Tianjin Zerust. Specifically, of the total equity in income from joint ventures, NTIC had equity in income from joint ventures of $3,534,113 attributable to EXCOR during fiscal 2016 compared to $4,091,608 attributable to EXCOR during fiscal 2015, This decrease was due to lower profitability in the first half of fiscal 2016 and restructuring charges incurred by EXCOR in the fourth quarter of fiscal 2016. Of the total equity in income of joint ventures, NTIC had equity in income of joint ventures of $0 attributable to Tianjin Zerust during fiscal 2016 compared to $132,824 attributable to Tianjin Zerust during fiscal 2015. NTIC had equity in income of all other joint ventures of $1,209,718 during fiscal 2016 compared to $1,712,133 during fiscal 2015 due to an overall decrease in sales at the joint ventures which impacted profitability.</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"><i>&nbsp;</i></p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"><i>Fees for Services Provided to Joint Ventures</i>. NTIC recognized fee income for services provided to joint ventures of $5,137,710 during fiscal 2016 compared to $5,715,491 during fiscal 2015, representing a decrease of 10.1% or $577,781. This decrease was primarily a result of the anticipated liquidation of Tianjin Zerust as fees for services provided from Tianjin Zerust decreased to $0 during fiscal 2016 compared to $494,080 during fiscal 2015. Additionally, the decrease in fees for services provided to joint ventures was a result of a decrease in total sales at all joint ventures, which were $90,646,833 during fiscal 2016 compared to $99,026,251 during fiscal 2015, a decrease of 8.5%. Net sales of NTIC&#8217;s joint ventures decreased due primarily to weaker economic trends, especially in Europe. Net sales of NTIC&#8217;s European joint ventures were adversely affected by a slight downturn in European manufacturing. Sales of NTIC&#8217;s joint ventures are not included in NTIC&#8217;s product sales and are not combined with NTIC&#8217;s sales in NTIC&#8217;s consolidated financial statements or in any description of NTIC&#8217;s sales.</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"></p>
<div style="MARGIN-BOTTOM: 6pt; BORDER-BOTTOM: black 4pt solid; MARGIN-TOP: 12pt">
<table style="TEXT-INDENT: 0;FONT-SIZE: 10pt; WIDTH: 100%; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0">

<tr style="VERTICAL-ALIGN: top; TEXT-ALIGN: left">
<td style="WIDTH: 100%; TEXT-ALIGN: center">47</td></tr></table></div>
<div style="PAGE-BREAK-BEFORE: always; MARGIN-TOP: 6pt">&nbsp;</div>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">Of the total fee income for services provided to its joint ventures, fees of $845,857 were attributable to EXCOR during fiscal 2016 compared to $873,400 attributable to EXCOR during fiscal 2015. The decrease in fee income for services provided to joint ventures attributable to EXCOR was primarily the result of foreign currency exchange rate fluctuations. Of the total fee income for services provided to its joint ventures, fees of $0 were attributable to Tianjin Zerust during fiscal 2016 compared to $494,080 during fiscal 2015. NTIC received fee income for services provided to all of its other joint ventures of $4,291,853 during fiscal 2016 compared to $4,348,010 during fiscal 2015.</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"><i>&nbsp;</i></p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"><i>Selling Expenses</i>. NTIC&#8217;s selling expenses increased 7.5% in fiscal 2016 compared to fiscal 2015 due to increases in compensation and employee benefits, lab testing related expenses, commission expenses, travel and related expenses, and consulting expenses. Selling expenses as a percentage of net sales decreased to 19.0% in fiscal 2016 compared to 19.2% in fiscal 2015 primarily due to the increase in selling expenses, as previously described, partially offset by the increase in net sales as previously described.</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"><i>General and Administrative Expenses</i>. NTIC&#8217;s general and administrative expenses increased by 10.7% in fiscal 2016 compared to fiscal 2015 due primarily to expenses incurred to establish and operate NTIC China, including North American legal expenses. NTIC implemented cost cutting measures companywide in the third and fourth quarter of fiscal 2016, which partially offset the expenses incurred in connection with NTIC&#8217;s NTIC China operations. As a percentage of net sales, general and administrative expenses increased to 22.0% for fiscal 2016 from 21.5% in fiscal 2015 due primarily to the increase in general and administrative expenses, as previously described, partially offset by the increase in net sales.</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"><i>Expenses Incurred in Support of Joint Ventures</i>. Expenses incurred in support of NTIC&#8217;s joint ventures were $1,001,812 during fiscal 2016 compared to $1,867,570 during fiscal 2015, representing a decrease of 46.4%. This decrease was primarily due to expenses incurred by NTIC&#8217;s China operations beginning in January 2015.</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"><i>Research and Development Expenses</i>. NTIC&#8217;s research and development expenses increased 16.7% in fiscal 2016 compared to fiscal 2015. This increase was due primarily to increases in personnel and consulting expenses.</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"><i>&nbsp;</i></p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"><i>Interest Income</i>. NTIC&#8217;s interest income increased to $42,115 in fiscal 2016 compared to $34,835 in fiscal 2015. This was primarily due to higher levels of investments during fiscal 2016.</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"><i>Interest Expense</i>. NTIC&#8217;s interest expense decreased to $13,261 in fiscal 2016 compared to $20,960 in fiscal 2015. This decrease was primarily due to lower average outstanding debt levels during fiscal 2016.</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><i>Impairment on investment at carrying value</i>. NTIC&#8217;s
impairment on investment at carrying value for fiscal 2016 was attributable to its investment in Tianjin Zerust. Specifically,
as of August 31, 2016, NTIC believes that, for accounting purposes, its joint venture investment in Tianjin Zerust is fully impaired,
based on additional information regarding the financial position of the investment through the legal proceedings that have been
ongoing. The carrying value of Tianjin Zerust prior to impairment was $1,883,668, of which the net impact to NTIC was $1,130,201
based on 60% ownership of NTI Asean. As of August 31, 2016, the carrying value, for accounting purposes, is $0. Despite this accounting
position, NTIC intends to continue to vigorously pursue its litigation against its former joint venture partner for the losses
associated with Tianjin Zerust. NTIC also intends to continue to vigorously pursue its litigation against Cortec Corporation for
lost profits, unjust enrichment and other damages related to its tortious interference and breach, among other claims. NTIC will
continue to evaluate the fair value of its investment in Tianjin Zerust for accounting purposes and, if necessary, will make any
appropriate adjustments in future periods.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>





<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"></p>
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<div style="PAGE-BREAK-BEFORE: always; MARGIN-TOP: 6pt">&nbsp;</div>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"><i>(Loss) Income Before Income Tax Expense</i>. NTIC incurred a loss before income tax expense of $(572,182) for fiscal 2016 compared to income before income tax expense of $3,166,034 for fiscal 2015.</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"><i>Income Tax Expense</i>. Income tax expense was $626,120 for fiscal 2016 compared to $648,674 during fiscal 2015 for an effective rate of -109.4% and 14.4%, respectively. NTIC&#8217;s annual effective income tax rate during fiscal 2016 and 2015 was lower than the statutory rate primarily due to foreign withholding taxes and NTIC&#8217;s equity in income of joint ventures being recognized based on after-tax earnings of these entities. To the extent undistributed earnings of NTIC&#8217;s joint ventures are distributed to NTIC, any material additional income tax liability after the application of foreign tax credits is not expected. NTIC records a tax valuation allowance when it is more likely than not that some portion or all of its deferred tax assets will not be realized to reduce deferred tax assets to the amount expected to be realized. NTIC determined based on all available evidence, including historical data and projections of future results, that it is more likely than not that all of its deferred tax assets, except for its foreign tax credit carryforwards and Minnesota state research and development credit carryforwards, will be fully realized. In addition, NTIC determined based upon all available evidence, including new IRS guidance, historical results, projected future taxable income and foreign tax credit utilization, that it was not more likely than not that the federal research and development credits would be utilized during the carryforward period and as a result, a valuation allowance was recorded against all of NTIC&#8217;s federal research and development credits. In addition, NTIC continues to believe that its deferred tax asset related to foreign tax credit carryforwards will not be realized due to insufficient federal taxable income within the carryforward period and the fact that for ordering purposes the foreign tax credit carryforwards are not allowed to be used until after any current year foreign tax credits are utilized.</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">NTIC considers the earnings of certain foreign joint ventures to be indefinitely invested outside the United States on the basis of estimates that future domestic cash generation will be sufficient to meet NTIC&#8217;s future domestic cash needs. As a result, U.S. income and foreign withholding taxes have not been recognized on the cumulative undistributed earnings of $17,779,912 and $18,483,377 at August 31, 2016 and August 31, 2015, respectively. To the extent undistributed earnings of NTIC&#8217;s joint ventures are distributed in the future, they are not expected to result in any material additional income tax liability after the application of foreign tax credits.</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"><i>Other Comprehensive Income - Foreign Currency Translations Adjustment. </i>The significant changes in the foreign currency translations adjustment was due to the strengthening of the U.S. dollar compared to the Euro and other foreign currencies during fiscal 2016 compared to fiscal 2015<i>.</i></p>
<p style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; MARGIN: 0pt 0px">Liquidity and Capital Resources</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"><i>Sources of Cash and Working Capital</i>. As of August 31, 2016, NTIC&#8217;s working capital was $16,948,065, including $3,395,274 in cash and cash equivalents and $2,243,864 in available for sale securities, compared to working capital of $15,603,771, including $2,623,981 in cash and cash equivalents as of August 31, 2015 and $2,027,441 in available for sale securities.</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">As of August 31, 2016, NTIC had a revolving line of credit with PNC Bank of $3,000,000, with no amounts outstanding. The line of credit is evidenced by an amended and restated committed line of credit note in the principal amount of up to $3,000,000. The line of credit has a $1,200,000 standby letter of credit sub-facility, with any standby letters of credit issued thereunder being at the sole discretion of PNC Bank. Any line of credits issued by PNC Bank would decrease the availability under the revolving line of credit.</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">The line of credit is subject to standard covenants, including affirmative financial covenants, such as the maintenance of a minimum fixed charge coverage ratio, and negative covenants, which, among other things, limit the incurrence of additional indebtedness, loans and equity investments, disposition of assets, mergers and consolidations and other matters customarily restricted in such agreements. Under the loan agreement, NTIC is subject to a minimum fixed charge coverage ratio of 1.10:1.00. As of August 31, 2016, NTIC was in compliance with all debt covenants.</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"></p>
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<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">On January 6, 2016, PNC Bank extended the maturity date of the line of credit from January 7, 2016 to January 7, 2017 under substantially similar terms. It is anticipated that, as historically has been the practice, the line of credit will be renewed each year for one additional year for the immediate foreseeable future.</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">NTIC believes that a combination of its existing cash and cash
equivalents, forecasted cash flows from future operations, anticipated distributions of earnings, anticipated fees to NTIC for
services provided to its joint ventures, and funds available through existing or anticipated financing arrangements, will be adequate
to fund its existing operations, investments in new or existing joint ventures or subsidiaries, capital expenditures, debt repayments
and any stock repurchases for at least the next 12 months. During fiscal 2017, NTIC expects to continue to invest in NTIC China,
research and development and in marketing efforts and resources into the application of its corrosion prevention technology into
the oil and gas industry and its Natur-Tec<sup>&#174;</sup> bio-plastics business, the amount of these various investments is not
known at this time. In order to take advantage of such new product and market opportunities to expand its business and increase
its revenues, NTIC may decide to finance such opportunities by borrowing under its revolving line of credit or raising additional
financing through the issuance of debt or equity securities. There is no assurance that any financing transaction will be available
on terms acceptable to NTIC or at all, or that any financing transaction will not be dilutive to NTIC&#8217;s current stockholders.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>



<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">NTIC traditionally has used the cash generated from its operations, distributions of earnings and fees for services provided to its joint ventures to fund NTIC&#8217;s new technology investments and capital contributions to new and existing subsidiaries and joint ventures. NTIC&#8217;s joint ventures traditionally have operated with little or no debt and have been self-financed with minimal initial capital investment and minimal additional capital investment from their respective owners. Therefore, NTIC believes there is limited exposure by NTIC&#8217;s joint ventures that could materially impact their respective operations and/or liquidity.</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"><i>Uses of Cash and Cash Flow.</i> Net cash provided by operating activities during fiscal 2016 was $2,055,606, which resulted principally from the impairment of investment at carrying value, dividends received from joint ventures, depreciation and amortization and an increase in accounts payable, partially offset by NTIC&#8217;s net loss, equity in income from joint ventures and increases in receivables, inventories and accrued liabilities. Net cash used in operating activities during fiscal 2015 was $755,544, which resulted principally from NTIC&#8217;s equity in income from joint ventures and increases in receivables, inventories and prepaid expenses and a decrease in accrued liabilities and income taxes payable, partially offset by NTIC&#8217;s net income, dividends received from joint ventures, expensing of fair value of stock options vested, depreciation and amortization.</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">NTIC&#8217;s cash flows from operations are impacted by significant changes in certain components of NTIC&#8217;s working capital, including inventory turnover and changes in receivables. NTIC considers internal and external factors when assessing the use of its available working capital, specifically when determining inventory levels and credit terms of customers. Key internal factors include existing inventory levels, stock reorder points, customer forecasts and customer requested payment terms, and key external factors include the availability of primary raw materials and sub-contractor production lead times. NTIC&#8217;s typical contractual terms for trade receivables excluding joint ventures are traditionally 30 days and for trade receivables from its joint ventures are 90 days. Before extending unsecured credit to customers, excluding NTIC&#8217;s joint ventures, NTIC reviews customers&#8217; credit histories and will establish an allowance for uncollectible accounts based upon factors surrounding the credit risk of specific customers and other information. Accounts receivable over 30 days are considered past due for most customers. NTIC does not accrue interest on past due accounts receivable. If accounts receivables in excess of the provided allowance are determined uncollectible, they are charged to selling expense in the period that determination is made. Accounts receivable are deemed uncollectible based on NTIC exhausting reasonable efforts to collect. NTIC&#8217;s typical contractual terms for receivables for services provided to its joint ventures are 90 days. NTIC records receivables for services provided to its joint ventures on an accrual basis, unless circumstances exist that make the collection of the balance uncertain in which case the fee income will be recorded on a cash basis until there is consistency in payments. This determination is handled on a case by case basis.</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"></p>
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<tr style="VERTICAL-ALIGN: top; TEXT-ALIGN: left">
<td style="WIDTH: 100%; TEXT-ALIGN: center">50</td></tr></table></div>
<div style="PAGE-BREAK-BEFORE: always; MARGIN-TOP: 6pt">&nbsp;</div>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">NTIC experienced an increase in receivables and an increase in inventory as of August 31, 2016 compared to August 31, 2015 due to the increase in sales and a desire to stock more products to shorten lead times and anticipate customer demand. Trade receivables excluding joint ventures as of August 31, 2016 increased $723,798 compared to August 31, 2015, primarily related to miscellaneous differences in the timing of collections and the increase in sales.</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">Outstanding receivables for services provided to joint ventures as of August 31, 2016 decreased $42,575 compared to August 31, 2015, which resulted in a decrease of 36 days of fees receivable outstanding as of August 31, 2016 to an average of 57 days compared to August 31, 2015.</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">Net cash used in investing activities during fiscal 2016 was $995,240, which was primarily due to additions to property and equipment, purchase of available for sale securities and additions to patents. Net cash provided by investing activities for fiscal 2015 was $1,901,224, which was primarily the result of cash provided by the sale of available for sale securities, partially offset by additions to property and equipment and additions to patents.</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">Net cash used in financing activities for fiscal 2016 was $270,247, which resulted from a dividend paid to a non-controlling interest and repurchases of common stock, partially offset by proceeds from NTIC&#8217;s employee stock purchase plan. Net cash used in financing activities for fiscal 2015 was $874,652, which resulted from a dividend paid to a non-controlling interest, partially offset by proceeds from stock option exercises and NTIC&#8217;s employee stock purchase plan.</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"><i>Share Repurchase Plan</i>. On January 15, 2015, NTIC&#8217;s Board of Directors authorized the repurchase of up to $3,000,000 in shares of NTIC common stock through open market purchases or unsolicited or solicited privately negotiated transactions. This program has no expiration date but may be terminated by NTIC&#8217;s Board of Directors at any time. As of August 31, 2016, up to $2,836,656 in shares of NTIC common stock remained available for repurchase under NTIC&#8217;s stock repurchase program.</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"><i>Capital Expenditures and Commitments</i>. NTIC spent $643,407 on capital expenditures during fiscal 2016 which related primarily to the purchase of new equipment and the expansion of its lab capabilities. NTIC expects to spend an aggregate of approximately $200,000 to $400,000 on capital expenditures during fiscal 2017, which it expects will relate primarily to the purchase of new equipment.</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"><b>Contractual Obligations </b></p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px; TEXT-INDENT: 0in">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px; TEXT-INDENT: 0in">Set forth below is information concerning NTIC&#8217;s known contractual obligations as of August 31, 2016 that are fixed and determinable by year starting with the twelve months ending August 31, 2017.</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px; TEXT-INDENT: 0in">&nbsp;</p>

<p style="font-size: 10pt; margin: 0pt 0px; text-indent: 0in"></p>

<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<tr style="vertical-align: bottom">
    <td style="text-align: center">&nbsp;</td><td style="font-weight: bold; padding-bottom: 1pt">&nbsp;</td>
    <td colspan="19" style="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Payments Due by Period</td></tr>
<tr style="vertical-align: bottom">
    <td style="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Contractual Obligations</td><td style="padding-bottom: 1pt">&nbsp;</td>
    <td colspan="3" style="text-align: center; border-bottom: Black 1pt solid"><b>Total</b></td><td style="padding-bottom: 1pt">&nbsp;</td>
    <td colspan="3" style="text-align: center; border-bottom: Black 1pt solid"><b>Less than </b><b>1 Year</b></td><td style="padding-bottom: 1pt">&nbsp;</td>
    <td colspan="3" style="text-align: center; border-bottom: Black 1pt solid"><b>&nbsp;</b><b>1-3 Years</b></td><td style="padding-bottom: 1pt">&nbsp;</td>
    <td colspan="3" style="text-align: center; border-bottom: Black 1pt solid"><b>&nbsp;</b><b>3-5 Years</b></td><td style="padding-bottom: 1pt">&nbsp;</td>
    <td colspan="3" style="text-align: center; border-bottom: Black 1pt solid"><b>&nbsp;</b><b>More than 5 Years
</b></td></tr>
<tr style="vertical-align: bottom">
    <td>&nbsp;</td><td>&nbsp;</td>
    <td colspan="3">&nbsp;</td><td>&nbsp;</td>
    <td colspan="3">&nbsp;</td><td>&nbsp;</td>
    <td colspan="3">&nbsp;</td><td>&nbsp;</td>
    <td colspan="3" style="text-align: justify">&nbsp;</td><td>&nbsp;</td>
    <td colspan="3">&nbsp;</td></tr>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="width: 35%; text-align: left; padding-bottom: 1pt">Rent obligations	</td><td style="width: 1%; padding-bottom: 1pt">&nbsp;</td>
    <td style="width: 1%; border-bottom: Black 1pt solid; text-align: left">&nbsp;</td><td style="width: 10%; border-bottom: Black 1pt solid; text-align: right">597,944</td><td style="width: 1%; border-bottom: Black 1pt solid; text-align: left">&nbsp;</td><td style="width: 1%; padding-bottom: 1pt">&nbsp;</td>
    <td style="width: 1%; border-bottom: Black 1pt solid; text-align: left">&nbsp;</td><td style="width: 10%; border-bottom: Black 1pt solid; text-align: right">191,631</td><td style="width: 1%; border-bottom: Black 1pt solid; text-align: left">&nbsp;</td><td style="width: 1%; padding-bottom: 1pt">&nbsp;</td>
    <td style="width: 1%; border-bottom: Black 1pt solid; text-align: left">&nbsp;</td><td style="width: 10%; border-bottom: Black 1pt solid; text-align: right">236,691</td><td style="width: 1%; border-bottom: Black 1pt solid; text-align: left">&nbsp;</td><td style="width: 1%; padding-bottom: 1pt">&nbsp;</td>
    <td style="width: 1%; border-bottom: Black 1pt solid; text-align: left">&nbsp;</td><td style="width: 10%; border-bottom: Black 1pt solid; text-align: right">81,159</td><td style="width: 1%; border-bottom: Black 1pt solid; text-align: left">&nbsp;</td><td style="width: 1%; padding-bottom: 1pt">&nbsp;</td>
    <td style="width: 1%; border-bottom: Black 1pt solid; text-align: left">&nbsp;</td><td style="width: 10%; border-bottom: Black 1pt solid; text-align: right">88,463</td><td style="width: 1%; border-bottom: Black 1pt solid; text-align: left">&nbsp;</td></tr>
<TR STYLE="vertical-align: bottom; background-color: White">
    <td style="padding-bottom: 2.25pt">&nbsp;&nbsp;Total	</td><td style="padding-bottom: 2.25pt">&nbsp;</td>
    <td style="border-bottom: Black 2.25pt double; text-align: left">$</td><td style="border-bottom: Black 2.25pt double; text-align: right">597,944</td><td style="border-bottom: Black 2.25pt double; text-align: left">&nbsp;</td><td style="padding-bottom: 2.25pt">&nbsp;</td>
    <td style="border-bottom: Black 2.25pt double; text-align: left">$</td><td style="border-bottom: Black 2.25pt double; text-align: right">191,631</td><td style="border-bottom: Black 2.25pt double; text-align: left">&nbsp;</td><td style="padding-bottom: 2.25pt">&nbsp;</td>
    <td style="border-bottom: Black 2.25pt double; text-align: left">$</td><td style="border-bottom: Black 2.25pt double; text-align: right">236,691</td><td style="border-bottom: Black 2.25pt double; text-align: left">&nbsp;</td><td style="padding-bottom: 2.25pt">&nbsp;</td>
    <td style="border-bottom: Black 2.25pt double; text-align: left">$</td><td style="border-bottom: Black 2.25pt double; text-align: right">81,159</td><td style="border-bottom: Black 2.25pt double; text-align: left">&nbsp;</td><td style="padding-bottom: 2.25pt">&nbsp;</td>
    <td style="border-bottom: Black 2.25pt double; text-align: left">$</td><td style="border-bottom: Black 2.25pt double; text-align: right">88,463</td><td style="border-bottom: Black 2.25pt double; text-align: left">&nbsp;</td></tr>
</table>



<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; MARGIN: 0pt 0px"></p>
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<tr style="VERTICAL-ALIGN: top; TEXT-ALIGN: left">
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<p style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; MARGIN: 0pt 0px">Inflation and Seasonality</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">Inflation in the United States and abroad historically has had little effect on NTIC. NTIC&#8217;s business has not historically been seasonal.</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"><b>Market Risk</b></p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">NTIC is exposed to some market risk stemming from changes in foreign currency exchange rates, commodity prices and interest rates.</p>

<p style="font-size: 10pt; margin: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">Because the functional currency of NTIC&#8217;s foreign operations and investments in its foreign joint ventures is the applicable local currency, NTIC is exposed to foreign currency exchange rate risk arising from transactions in the normal course of business. NTIC&#8217;s principal exchange rate exposure is with the Euro, the Japanese yen, Indian Rupee, Chinese Renminbi, Korean won and the English pound against the U.S. dollar. NTIC&#8217;s fees for services provided to joint ventures and dividend distributions from these foreign entities are paid in foreign currencies and thus fluctuations in foreign currency exchange rates could result in declines in NTIC&#8217;s reported net income. Since NTIC&#8217;s investments in its joint ventures are accounted for using the equity method, any changes in foreign currency exchange rates would be reflected as a foreign currency translation adjustment and would not change NTIC&#8217;s equity in income of joint ventures reflected in its consolidated statements of income. NTIC does not hedge against its foreign currency exchange rate risk.</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">Some raw materials used in NTIC&#8217;s products are exposed to commodity price changes. The primary commodity price exposures are with a variety of plastic resins.</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">At the option of NTIC, outstanding advances under NTIC&#8217;s $3,000,000 revolving line of credit with PNC Bank bear interest at either (a) an annual rate based on LIBOR plus 2.15% for the applicable LIBOR interest period selected by NTIC or (b) at the rate publicly announced by PNC Bank from time to time as its prime rate, and thus may subject NTIC to some market risk on interest rates. As of August 31, 2016, NTIC had no borrowings under the line of credit.</p>
<p style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; MARGIN: 0pt 0px">Related Party Transactions</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">Since NTIC&#8217;s joint ventures are considered related parties, NTIC records sales to its joint ventures as a separate line item on the face of NTIC&#8217;s consolidated statements of operations and records fees for services provided to its joint ventures and expenses incurred in support of its joint ventures as separate line items on the face of NTIC&#8217;s consolidated statements of operations. NTIC also records as separate line items trade receivables from joint ventures, receivables for fees for services provided to joint ventures and NTIC&#8217;s investments in joint ventures on its consolidated balance sheets.</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">NTIC established its joint venture network approximately 25 years ago as a method to increase its worldwide distribution network for ZERUST<sup style="vertical-align: baseline; position: relative; bottom:.33em;">&#174;</sup> rust and corrosion inhibiting products and services. NTIC participates, either directly or indirectly, in 19 active joint venture arrangements in North America, Europe and Asia. Each of these joint ventures generally manufactures and markets finished products in the geographic territory to which it is assigned. NTIC&#8217;s joint venture partners are knowledgeable in the applicable environmental, labor, tax and other requisite regulations and laws of the respective foreign countries in which they operate, as well as the local customs and business practices. NTIC&#8217;s revenue recognition policy for sales to its joint ventures is the same as its policy for sales to unaffiliated customers.</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"></p>
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<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">The fees for services received by NTIC from its joint ventures are generally determined based on either a flat fee or a percentage of net sales by NTIC&#8217;s joint ventures depending on local laws and tax regulations. With respect to NTIC&#8217;s German joint venture, NTIC receives an agreed upon quarterly fee for such services. NTIC records revenue related to fees for services provided to joint ventures when earned, amounts are determinable and collectability is reasonably assured. Under NTIC&#8217;s agreements with its joint ventures, fee amounts are earned when product is shipped from joint venture facilities. NTIC reviews the financial situation of each joint venture to assist in the likelihood of collections on amounts earned. From time to time, NTIC elects to account for such fees on a cash basis for certain joint ventures when uncertainty exists surrounding the collections of such fees, there are no fees being accounted for in this manner at present. The expenses incurred in support of its joint ventures are direct expenses that NTIC incurs related to its joint ventures and include such items as employee compensation and benefit expenses, travel expense, insurance, consulting expense, legal expense and lab supplies and testing expense.</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">See Note 14 to NTIC&#8217;s consolidated financial statements for other related party transaction disclosures.</p>
<p style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; MARGIN: 0pt 0px">Off-Balance Sheet Arrangements</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">NTIC does not have any relationships with unconsolidated entities or financial partnerships, such as entities often referred to as structured finance or special purpose entities, which would have been established for the purpose of facilitating off-balance sheet financial arrangements. As such, NTIC is not materially exposed to any financing, liquidity, market or credit risk that could arise if NTIC had engaged in such arrangements.</p>
<p style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; MARGIN: 0pt 0px">Critical Accounting Policies and Estimates</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">The preparation of NTIC&#8217;s consolidated financial statements requires management to make estimates and judgments that affect the reported amount of assets, liabilities, revenues and expenses, and related disclosure of contingent assets and liabilities. The Securities and Exchange Commission has defined a company&#8217;s most critical accounting policies as those that are most important to the portrayal of its financial condition and results of operations, and which require the company to make its most difficult and subjective judgments, often as a result of the need to make estimates of matters that are inherently uncertain. Based on this definition, NTIC has identified the following critical accounting policies. Although NTIC believes that its estimates and assumptions are reasonable, they are based upon information available when they are made. Actual results may differ significantly from these estimates under different assumptions or conditions.</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"><b><i>Principles of Consolidation </i></b></p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">NTIC evaluates its voting and variable interests in entities on a qualitative and quantitative basis. NTIC consolidates entities in which it concludes it has the power to direct the activities that most significantly impact an entity&#8217;s economic success and has the obligation to absorb losses or the right to receive benefits that could be significant to the entity. All such relationships are evaluated on an ongoing basis. The consolidated financial statements include the accounts of Northern Technologies International Corporation, its wholly-owned subsidiaries, Northern Technologies Holding Company, LLC, NTIC (Shanghai) Co., Ltd. and ZERUST-EXCOR MEXICO, S. de R.L. de C.V, and NTIC&#8217;s majority-owned subsidiary in Brazil, Zerust Preven&#231;&#227;o de Corros&#227;o S.A., NTIC&#8217;s majority-owned holding company, NTI Asean LLC, and NTIC&#8217;s majority-owned subsidiary in India, Natur-Tec India Private Limited. NTIC&#8217;s consolidated financial statements do not include the accounts of any of its joint ventures.</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"><b><i>Investments in Joint Ventures and Recoverability of Investments in Joint Ventures</i></b></p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">NTIC&#8217;s investments in its joint ventures are accounted for using the equity method. NTIC assesses its joint ventures for impairment on an annual basis as of August 31 of each year as part of its fiscal year end analysis. In addition to the annual review for impairment, NTIC reviews the operating results of each joint venture on a quarterly basis in comparison to its historical operating results and its accrual for fees for services provided to joint ventures. If the operating results of a joint venture do not meet NTIC&#8217;s financial performance expectations, an additional evaluation is performed on the joint venture. In addition to the annual assessments for impairment, non-periodic assessments for impairment may occur if cash remittances are less than accrued balances, a joint venture&#8217;s management requests capital or other events occur suggesting an other than temporary decline in value. If an investment were determined to be impaired, then a reserve would be created to reflect the impairment on the financial results of NTIC. NTIC&#8217;s evaluation of its investments in joint ventures requires NTIC to make assumptions about future cash flows of its joint ventures. These assumptions require significant judgment and actual results may differ from assumed or estimated amounts.</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"></p>
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<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"><b><i>Investment at Carrying Value </i></b></p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">NTIC is no longer able to exercise significant influence over operating and financial policy of a joint venture previously accounted for under the equity method, it maintains the investment at the carrying value as of the date that significant influence no longer exists and discontinues accruing the proportionate earnings or losses of the investment.</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">Investments are considered to be impaired when a decline in fair value is judged to be other-than-temporary. Fair value is calculated based on publicly available market information or other estimates determined by management. NTIC employs a systematic methodology on a quarterly basis that considers available quantitative and qualitative evidence in evaluating potential impairment of its investments. If the cost of an investment exceeds its fair value, NTIC evaluates, among other factors, general market conditions, credit quality of debt instrument issuers, the duration and extent to which the fair value is less than cost, and for equity securities, its intent and ability to hold, or plans to sell, the investment. NTIC also considers specific adverse conditions related to the financial health of and business outlook for the investee, including industry and sector performance, changes in technology, and operational and financing cash flow factors. Once a decline in fair value is determined to be other-than-temporary, an impairment charge is recorded to other income (expense) and a new cost basis in the investment is established.</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"><b><i>Revenue Recognition</i></b></p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">NTIC recognizes revenue from the sale of its products when persuasive evidence of an arrangement exists, the product has been delivered, the price is fixed and determinable and collection of the resulting receivable is reasonably assured. These criteria are met at the time of shipment when risk of loss and title pass to the customer, distributor or joint venture entity.</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">With respect to recording revenue related to fees earned for services provided to NTIC&#8217;s joint ventures, NTIC recognizes revenue related to support of joint ventures when earned, amounts are determinable and collectability is reasonably assured. The support and services NTIC provides its joint ventures include consulting, travel, insurance, technical and marketing services to existing joint ventures, legal fees incurred in the establishment of new joint ventures, registration and promotion and legal defense of worldwide trademarks, and legal fees incurred in connection with the filing of patent applications. NTIC receives fees for these services it provides to its joint ventures based primarily on the net sales by NTIC&#8217;s joint ventures. The fees for support services received by NTIC from its joint ventures are generally determined based on either a flat fee or a percentage of net sales by NTIC&#8217;s joint ventures depending on local laws and tax regulations. Under NTIC&#8217;s agreements with its joint ventures, amounts are earned when product is shipped from joint venture facilities. NTIC reviews the financial situation of each of its joint ventures to assist in the likelihood of collections on amounts earned. NTIC elects to account for these fees on a cash basis for certain joint ventures when uncertainty exists surrounding the collections of such fees.</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"><b><i></i></b></p>
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<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"><b><i>Accounts and Notes Receivable </i></b></p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">Trade receivables arise from sales of NTIC&#8217;s products and services to NTIC&#8217;s joint ventures and to unaffiliated customers. Trade receivables from joint ventures arise from sales NTIC makes to its joint ventures of products and the essential additives required to make ZERUST<sup style="vertical-align: baseline; position: relative; bottom:.33em;">&#174;</sup> industrial corrosion inhibiting products functional. Receivables for services to NTIC&#8217;s joint ventures are contractually based primarily on a percentage of the sales of the joint ventures and are intended to compensate NTIC for services NTIC provides to its joint ventures, including consulting, legal, travel, insurance, technical and marketing services.</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Payment terms for NTIC&#8217;s unaffiliated customers are determined
based on credit risk and vary by customer. NTIC typically offers standard payments terms to unaffiliated customers of net 30 days.
Payment terms for NTIC&#8217;s joint ventures also are determined based on credit risk; however, additional consideration also
is given to the individual joint venture due to the transportation time associated with ocean delivery of most products and certain
other factors. NTIC typically offers payment terms to joint ventures of net 90 days. NTIC does not accrue interest on past due
accounts receivable. NTIC reviews the credit histories of its customers, including its joint ventures, before extending unsecured
credit. NTIC values accounts and notes receivable, net of an allowance for doubtful accounts. Each quarter, NTIC prepares an analysis
of its ability to collect outstanding receivables that provides a basis for an allowance estimate for doubtful accounts. In doing
so, NTIC evaluates the age of its receivables, past collection history, current financial conditions of key customers and its joint
ventures, and economic conditions. Based on this evaluation, NTIC establishes a reserve for specific accounts and notes receivable
that it believes are uncollectible, as well as an estimate of uncollectible receivables not specifically known. Deterioration in
the financial condition of any key customer or joint venture or a significant slowdown in the economy could have a material negative
impact on NTIC&#8217;s ability to collect a portion or all of the accounts and notes receivable. NTIC believes that an analysis
of historical trends and its current knowledge of potential collection problems provide NTIC with sufficient information to establish
a reasonable estimate for an allowance for doubtful accounts. However, since NTIC cannot predict with certainty future changes
in the financial stability of its customers or joint ventures, NTIC&#8217;s actual future losses from uncollectible accounts may
differ from its estimates. In the event NTIC determined that a smaller or larger uncollectible accounts reserve is appropriate,
NTIC would record a credit or charge to selling expense in the period that it made such a determination. During fiscal 2016, NTIC
created a reserve against the accounts receivable balance owed from Tianjin Zerust of $114,636 as, for accounting purposes, NTIC
determined it to be uncollectible. Accounts receivable have been reduced by an allowance for uncollectible accounts of $40,000
as of August 31, 2016 and August 31, 2015.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>



<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"><b><i>Recoverability of Long-Lived Assets </i></b></p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">NTIC reviews its long-lived assets whenever events or changes in circumstances indicate the carrying amount of the assets may not be recoverable and determines potential impairment by comparing the carrying value of the assets with expected net cash flows expected to be provided by operating activities of the business or related products. If the sum of the expected undiscounted future net cash flows were less than the carrying value, NTIC would determine whether an impairment loss should be recognized. An impairment loss would be measured by comparing the amount by which the carrying value exceeds the fair value of the asset.</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"><b><i>Foreign Currency Translation (Accumulated Other Comprehensive Income) </i></b></p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">The functional currency of each international joint venture is the applicable local currency. The translation of the applicable foreign currencies into U.S. dollars is performed for balance sheet accounts using exchange rates in effect at the balance sheet date and for revenue and expense accounts using an average monthly exchange rate. Translation gains or losses are reported as an element of accumulated other comprehensive income.</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">NTIC (excluding NTIC China, Zerust Brazil, Natur-Tec India, NTI Asean, Zerust Mexico and its joint ventures) conducts all foreign transactions based on the U.S. dollar. Since NTIC&#8217;s investments in its joint ventures are accounted for using the equity method, any changes in foreign currency exchange rates would be reflected as a foreign currency translation adjustment and would not change the equity in income from joint ventures reflected in NTIC&#8217;s consolidated statements of operations.</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"></p>
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<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"><b><i>Stock-Based Compensation </i></b></p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">NTIC recognizes compensation cost relating to share-based payment transactions, including grants of employee stock options and transactions under NTIC&#8217;s employee stock purchase plan in its consolidated financial statements. That cost is measured based on the fair value of the equity or liability instruments issued. NTIC measures the cost of employee services received in exchange for stock options or other stock-based awards based on the grant-date fair value of the award, and recognizes the cost over the period the employee is required to provide services for the award.</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"><b><i>Inventory Valuation</i></b></p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">NTIC&#8217;s inventories consist primarily of production materials and finished goods. NTIC purchases production materials and finished goods based on forecasted demand and records inventory at the lower of cost or market. Cost is determined by the first-in, first-out (FIFO) method. Management regularly assesses inventory valuation based on current and forecasted usage, demand and pricing, shelf life, customer inventory-related contractual obligations and other considerations. If actual results differ from management estimates with respect to the actual or projected selling of inventories at amounts less than their carrying amounts, NTIC would adjust its inventory balances accordingly. During fiscal 2016, NTIC China wrote off $198,887 of inventory that was prepared in anticipation for transitioning business from Tianjin Zerust to NTIC China during the initial formation of the entity, since not all of the business was converted and most of the inventory is customer specific. With respect to this inventory, it was determined that any remaining inventory as of August 31, 2016 that was made specific for untransitioned customers should be written down to $0.</p>
<p style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; MARGIN: 0pt 0px">Recent Accounting Pronouncements</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">See Note 2 to NTIC&#8217;s consolidated financial statements for a discussion of recent accounting pronouncements.</p>
<p style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; MARGIN: 0pt 0px; TEXT-INDENT: 0in">&nbsp;</p>
<p style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; MARGIN: 0pt 0px; TEXT-INDENT: 0in"><a name="a_013"></a>Item 7A. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">NTIC is exposed to some market risk stemming from changes in foreign currency exchange rates, commodity prices and interest rates.</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">Because the functional currency of NTIC&#8217;s foreign operations and investments in its foreign joint ventures is the applicable local currency, NTIC is exposed to foreign currency exchange rate risk arising from transactions in the normal course of business. NTIC&#8217;s principal exchange rate exposure is with the Euro, the Japanese yen, Indian Rupee, Chinese Renminbi, Korean won and the English pound against the U.S. dollar. NTIC&#8217;s fees for services provided to joint ventures and dividend distributions from these foreign entities are paid in foreign currencies and thus fluctuations in foreign currency exchange rates could result in declines in NTIC&#8217;s reported net income. Since NTIC&#8217;s investments in its joint ventures are accounted for using the equity method, any changes in foreign currency exchange rates would be reflected as a foreign currency translation adjustment and would not change NTIC&#8217;s equity in income of joint ventures reflected in its consolidated statements of income. NTIC does not hedge against its foreign currency exchange rate risk.</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">Some raw materials used in NTIC&#8217;s products are exposed to commodity price changes. The primary commodity price exposures are with a variety of plastic resins.</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">At the option of NTIC, outstanding advances under NTIC&#8217;s $3,000,000 revolving line of credit with PNC Bank bear interest at either (a) an annual rate based on LIBOR plus 2.15% for the applicable LIBOR interest period selected by NTIC or (b) at the rate publicly announced by PNC Bank from time to time as its prime rate, and thus may subject NTIC to some market risk on interest rates. As of August 31, 2016, NTIC had no borrowings under the line of credit.</p>
<p style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; MARGIN: 0pt 0px 0pt 0.7in; TEXT-INDENT: -0.7in">&nbsp;</p>
<p style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; MARGIN: 0pt 0px 0pt 0.7in; TEXT-INDENT: -0.7in"></p>
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<td style="WIDTH: 100%; TEXT-ALIGN: center">56</td></tr></table></div>
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<p style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; MARGIN: 0pt 0px 0pt 0.7in; TEXT-INDENT: -0.7in"><a name="a_014"></a>Item 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA</p>
<p style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; MARGIN: 0pt 0px 0pt 0.7in; TEXT-INDENT: -0.7in">&nbsp;</p>
<p style="FONT-SIZE: 10pt; TEXT-TRANSFORM: uppercase; FONT-WEIGHT: bold; TEXT-ALIGN: center; MARGIN: 0pt 0px">INDEX TO CONSOLIDATED FINANCIAL STATEMENTS</p>
<p style="FONT-SIZE: 10pt; TEXT-TRANSFORM: uppercase; FONT-WEIGHT: bold; TEXT-ALIGN: center; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">The following items are included herein:</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"></p>
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<td style="WIDTH: 91%; VERTICAL-ALIGN: bottom">&nbsp;</td>
<td style="TEXT-DECORATION: underline; WIDTH: 9%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center" nowrap>Page</td></tr>
<tr>
<td style="VERTICAL-ALIGN: middle; TEXT-ALIGN: justify">&nbsp;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: center">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: middle">
<td><a href="#a_015">Report of Independent Registered Public Accounting Firm</a></td>
<td style="TEXT-ALIGN: center"><a href="#a_015">58</a></td></tr>
<tr>
<td style="VERTICAL-ALIGN: middle; TEXT-ALIGN: justify"><a href="#a_016">Consolidated Balance Sheets as of August 31, 2016 and 2015</a></td>
<td style="VERTICAL-ALIGN: middle; TEXT-ALIGN: center"><a href="#a_016">59</a></td></tr>
<tr>
<td style="VERTICAL-ALIGN: middle; TEXT-ALIGN: justify"><a href="#a_017">Consolidated Statements of Operations for the years ended August 31, 2016 and 2015</a></td>
<td style="VERTICAL-ALIGN: middle; TEXT-ALIGN: center"><a href="#a_017">60</a></td></tr>
<tr>
<td style="VERTICAL-ALIGN: middle; TEXT-ALIGN: justify"><a href="#a_018">Consolidated Statements of Comprehensive (Loss) Income for the years ended August 31, 2016 and 2015</a></td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"><a href="#a_018">61</a></td></tr>
<tr>
<td style="VERTICAL-ALIGN: middle; TEXT-ALIGN: justify"><a href="#a_019">Consolidated Statements of Equity for the years ended August 31, 2016 and 2015</a></td>
<td style="VERTICAL-ALIGN: middle; TEXT-ALIGN: center"><a href="#a_019">62</a></td></tr>
<tr>
<td style="VERTICAL-ALIGN: middle; TEXT-ALIGN: justify"><a href="#a_020">Consolidated Statements of Cash Flows for the years ended August 31, 2016 and 2015</a></td>
<td style="VERTICAL-ALIGN: middle; TEXT-ALIGN: center"><a href="#a_020">63</a></td></tr>
<tr>
<td style="VERTICAL-ALIGN: middle; TEXT-ALIGN: justify"><a href="#a_021">Notes to Consolidated Financial Statements</a></td>
<td style="VERTICAL-ALIGN: middle; TEXT-ALIGN: center"><a href="#a_021">64-83</a></td></tr></table>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"></p>
<p style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; MARGIN: 0pt 0px"></p>
<p style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; MARGIN: 0pt 0px"><b>&nbsp;</b></p>
<p style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; MARGIN: 0pt 0px"><b>&nbsp;</b></p>
<p style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; MARGIN: 0pt 0px"><b></b></p>
<div style="MARGIN-BOTTOM: 6pt; BORDER-BOTTOM: black 4pt solid; MARGIN-TOP: 12pt">
<table style="TEXT-INDENT: 0;FONT-SIZE: 10pt; WIDTH: 100%; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0">

<tr style="VERTICAL-ALIGN: top; TEXT-ALIGN: left">
<td style="WIDTH: 100%; TEXT-ALIGN: center">57</td></tr></table></div>
<div style="PAGE-BREAK-BEFORE: always; MARGIN-TOP: 6pt">&nbsp;</div>
<p style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; MARGIN: 0pt 0px"><b></b></p>
<p style="FONT-SIZE: 10pt; TEXT-ALIGN: center; MARGIN: 0pt 0.5pt 0pt 0px"><b><a name="a_015"></a>REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM</b></p>
<p style="FONT-SIZE: 10pt; TEXT-ALIGN: center; MARGIN: 0pt 0.5pt 0pt 0px"><b>&nbsp;</b></p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0.5pt 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0.5pt 0pt 0px">To the Stockholders, Audit Committee and Board of Directors</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0.5pt 0pt 0px">Northern Technologies International Corporation and Subsidiaries</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0.5pt 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0.5pt 0pt 0px">We have audited the accompanying consolidated balance sheets of Northern Technologies International Corporation and Subsidiaries as of August 31, 2016 and 2015, and the related consolidated statements of operations, comprehensive (loss) income, equity and cash flows for the years then ended. These consolidated financial statements are the responsibility of the company&#8217;s management. Our responsibility is to express an opinion on these consolidated financial statements based on our audit.</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0.5pt 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0.5pt 0pt 0px">We conducted our audit in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the consolidated financial statements are free of material misstatement. Our audit of the consolidated financial statements included examining, on a test basis, evidence supporting the amounts and disclosures in the consolidated financial statements, assessing the accounting principles used and significant estimates made by management and evaluating the overall consolidated financial statement presentation. We believe that our audit provides a reasonable basis for our opinion.</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0.5pt 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0.5pt 0pt 0px">In our opinion, the consolidated financial statements referred to above present fairly, in all material respects, the financial position of Northern Technologies International Corporation and Subsidiaries as of August 31, 2016 and 2015 and the results of their operations and their cash flows for the years then ended, in conformity with accounting principles generally accepted in the United States of America.</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0.4in 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0.4in 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0.4in 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0.4in 0pt 0px"><u>/s/ Baker Tilly Virchow Krause, LLP</u></p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0.4in 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0.4in 0pt 0px">Minneapolis, Minnesota</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0.4in 0pt 0px">November 22, 2016</p>
<p style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; MARGIN: 0pt 0.4in 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; TEXT-TRANSFORM: uppercase; FONT-WEIGHT: bold; TEXT-ALIGN: justify; MARGIN: 0pt 0px"><font style="TEXT-TRANSFORM: none"></font></p>
<div style="MARGIN-BOTTOM: 6pt; BORDER-BOTTOM: black 4pt solid; MARGIN-TOP: 12pt">
<table style="TEXT-INDENT: 0;FONT-SIZE: 10pt; WIDTH: 100%; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0">

<tr style="VERTICAL-ALIGN: top; TEXT-ALIGN: left">
<td style="WIDTH: 100%; TEXT-ALIGN: center">58</td></tr></table></div>
<div style="PAGE-BREAK-BEFORE: always; MARGIN-TOP: 6pt">&nbsp;</div>
<p style="FONT-SIZE: 10pt; TEXT-TRANSFORM: uppercase; FONT-WEIGHT: bold; TEXT-ALIGN: justify; MARGIN: 0pt 0px"><font style="TEXT-TRANSFORM: none">NORTHERN TECHNOLOGIES INTERNATIONAL CORPORATION</font></p>
<p style="FONT-SIZE: 10pt; TEXT-TRANSFORM: uppercase; FONT-WEIGHT: bold; TEXT-ALIGN: justify; MARGIN: 0pt 0px"><font style="TEXT-TRANSFORM: none">AND SUBSIDIARIES</font></p>
<p style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; MARGIN: 0pt 0px"><b><a name="a_016"></a>CONSOLIDATED BALANCE SHEETS - AUGUST 31, 2016 AND 2015</b></p>
<div style="MARGIN-BOTTOM: 3pt; MARGIN-TOP: 3pt" align="center">
<div style="FONT-SIZE: 1pt; BORDER-TOP: black 1pt solid; WIDTH: 100%">&nbsp;</div></div>
<p style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; MARGIN: 0pt 0px"><b></b></p>
<p style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; MARGIN: 0pt 0px"><b>&nbsp;</b></p>
<div data-td-statement-type="balance-sheet" data-td-taggable-table="">
<table style="TEXT-INDENT: 0;WIDTH: 100%; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0">

<tr style="VERTICAL-ALIGN: bottom">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify">&nbsp;</td>
<td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 2.25pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3">August 31, 2016</td>
<td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 2.25pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3">August 31, 2015</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; TEXT-ALIGN: left">ASSETS</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify" colspan="3">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify" colspan="3">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; TEXT-INDENT: 10pt">CURRENT ASSETS:</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; WIDTH: 74%; TEXT-ALIGN: justify; PADDING-LEFT: 10pt; TEXT-INDENT: 10pt">Cash and cash equivalents</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&nbsp;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">$</td>
<td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right">3,395,274</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&nbsp;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">$</td>
<td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right">2,623,981</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; PADDING-LEFT: 10pt; TEXT-INDENT: 10pt">Available for sale securities</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,243,864</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,027,441</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; PADDING-LEFT: 10pt; TEXT-INDENT: 10pt">Receivables:</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; PADDING-LEFT: 30pt; TEXT-INDENT: 0pt">Trade excluding joint ventures, less allowance for doubtful accounts of $40,000 at both August 31, 2016 and 2015</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,755,320</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,027,167</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; PADDING-LEFT: 20pt; TEXT-INDENT: 10pt">Trade joint ventures</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">791,903</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">645,377</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; PADDING-LEFT: 20pt; TEXT-INDENT: 10pt">Fees for services provided to joint ventures</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,406,587</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,449,162</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; PADDING-LEFT: 20pt; TEXT-INDENT: 10pt">Income taxes</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">215,905</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">198,462</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; PADDING-LEFT: 10pt; TEXT-INDENT: 10pt">Inventories</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7,711,287</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7,468,441</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; PADDING-LEFT: 10pt; TEXT-INDENT: 10pt">Prepaid expenses</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">422,031</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">411,473</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; PADDING-LEFT: 10pt; TEXT-INDENT: 10pt">Deferred income taxes</td>
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">&#8212;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">424,108</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; PADDING-LEFT: 10pt; TEXT-INDENT: 30pt">Total current assets</td>
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">20,942,171</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">19,275,612</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt; TEXT-ALIGN: justify; TEXT-INDENT: 10pt">PROPERTY AND EQUIPMENT, NET</td>
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">7,275,872</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">7,293,163</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; TEXT-INDENT: 10pt">OTHER ASSETS:</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; PADDING-LEFT: 10pt; TEXT-INDENT: 10pt">Investments in joint ventures</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">19,840,774</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">20,544,238</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; PADDING-LEFT: 10pt; TEXT-INDENT: 10pt">Investments at carrying value (Note 7)</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#8212;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,883,668</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; PADDING-LEFT: 10pt; TEXT-INDENT: 10pt">Deferred income taxes</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,639,762</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,176,012</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; PADDING-LEFT: 10pt; TEXT-INDENT: 10pt">Patents and trademarks, net</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,278,597</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,262,219</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; PADDING-LEFT: 10pt; TEXT-INDENT: 10pt">Other</td>
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">92,874</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">130,736</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; PADDING-LEFT: 10pt; TEXT-INDENT: 20pt">Total other assets</td>
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">22,852,007</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">24,996,873</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; PADDING-LEFT: 10pt; TEXT-INDENT: 30pt">Total assets</td>
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 2.25pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left">$</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: right">51,070,050</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 2.25pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left">$</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: right">51,565,648</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; TEXT-ALIGN: justify">LIABILITIES AND EQUITY</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; TEXT-INDENT: 10pt">CURRENT LIABILITIES:</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; PADDING-LEFT: 10pt; TEXT-INDENT: 10pt">Accounts payable</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,753,903</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,101,175</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; PADDING-LEFT: 10pt; TEXT-INDENT: 10pt">Accrued liabilities:</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; PADDING-LEFT: 10pt; TEXT-INDENT: 20pt">Payroll and related benefits</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">938,363</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,056,257</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; PADDING-LEFT: 10pt; TEXT-INDENT: 20pt">Other</td>
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">301,836</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">514,409</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; PADDING-LEFT: 10pt; TEXT-INDENT: 30pt">Total current liabilities</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,994,102</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,671,841</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; TEXT-INDENT: 10pt">COMMITMENTS AND CONTINGENCIES (Note 16) <br></td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; TEXT-INDENT: 10pt">EQUITY:</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; PADDING-LEFT: 30pt; TEXT-INDENT: -10pt">Preferred stock, no par value; authorized 10,000 shares; none issued and outstanding</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#8212;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#8212;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; PADDING-LEFT: 30pt; TEXT-INDENT: -10pt">Common stock, $0.02 par value per share; authorized 10,000,000 shares; issued and outstanding 4,533,416 and 4,539,045, respectively</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">90,668</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">90,781</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; PADDING-LEFT: 30pt; TEXT-INDENT: -10pt">Additional paid-in capital</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">13,798,567</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">13,441,264</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; PADDING-LEFT: 30pt; TEXT-INDENT: -10pt">Retained earnings</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">33,655,357</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">34,522,871</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; PADDING-LEFT: 30pt; TEXT-INDENT: -10pt">Accumulated other comprehensive loss</td>
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">(3,009,617</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">)</td>
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">(3,180,811</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">)</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left; PADDING-LEFT: 10pt; TEXT-INDENT: 20pt">Stockholders&#8217; equity</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">44,534,975</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">44,874,105</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt; TEXT-ALIGN: left; PADDING-LEFT: 10pt; TEXT-INDENT: 10pt">Non-controlling interests</td>
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">2,540,973</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">3,019,702</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt; TEXT-ALIGN: left; PADDING-LEFT: 10pt; TEXT-INDENT: 20pt">Total equity</td>
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">47,075,948</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">47,893,807</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt; TEXT-ALIGN: left; PADDING-LEFT: 10pt; TEXT-INDENT: 20pt">Total liabilities and equity</td>
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 2.25pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left">$</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: right">51,070,050</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 2.25pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left">$</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: right">51,565,648</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left">&nbsp;</td></tr></table></div>
<p style="MARGIN: 0px">&nbsp;</p>
<p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; TEXT-ALIGN: justify; MARGIN-TOP: 0pt">See notes to consolidated financial statements.</p>
<p style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; MARGIN: 0pt 0px"><b>&nbsp;</b></p>
<p style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; MARGIN: 0pt 0px"><b></b></p>
<div style="MARGIN-BOTTOM: 6pt; BORDER-BOTTOM: black 4pt solid; MARGIN-TOP: 12pt">
<table style="TEXT-INDENT: 0;FONT-SIZE: 10pt; WIDTH: 100%; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0">

<tr style="VERTICAL-ALIGN: top; TEXT-ALIGN: left">
<td style="WIDTH: 100%; TEXT-ALIGN: center">59</td></tr></table></div>
<div style="PAGE-BREAK-BEFORE: always; MARGIN-TOP: 6pt">&nbsp;</div>
<p style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; MARGIN: 0pt 0px"><b>NORTHERN TECHNOLOGIES INTERNATIONAL CORPORATION</b></p>
<p style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; MARGIN: 0pt 0px"><b>AND SUBSIDIARIES</b></p>
<p style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; MARGIN: 0pt 0px"><a name="a_017"></a><b>CONSOLIDATED STATEMENTS OF OPERATIONS</b></p>
<p style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; MARGIN: 0pt 0.9pt 0pt 0px"><b>YEARS ENDED AUGUST 31, 2016 AND 2015 </b></p>
<div style="MARGIN-BOTTOM: 3pt; MARGIN-TOP: 3pt" align="center">
<div style="FONT-SIZE: 1pt; BORDER-TOP: black 1pt solid; WIDTH: 100%">&nbsp;</div></div>
<p style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; MARGIN: 0pt 0.9pt 0pt 0px"><b><u></u></b></p>
<p style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; MARGIN: 0pt 0px">&nbsp;</p>
<div data-td-statement-type="income" data-td-taggable-table="">
<table style="TEXT-INDENT: 0;WIDTH: 100%; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0">

<tr style="VERTICAL-ALIGN: bottom">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify">&nbsp;</td>
<td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 2.25pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3">2016</td>
<td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 2.25pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3">2015</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify">NET SALES:</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; WIDTH: 74%; TEXT-ALIGN: justify; TEXT-INDENT: 10pt">Net sales, excluding joint ventures</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&nbsp;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">$</td>
<td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right">30,211,660</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&nbsp;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">$</td>
<td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right">27,491,392</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt; TEXT-ALIGN: justify; TEXT-INDENT: 10pt">Net sales, to joint ventures</td>
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">2,721,905</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">2,831,301</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; TEXT-INDENT: 20pt">Total net sales</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">32,933,565</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">30,322,693</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; TEXT-INDENT: 9pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt; TEXT-ALIGN: justify; TEXT-INDENT: 9pt">Cost of goods sold</td>
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">22,320,156</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">20,555,932</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; TEXT-INDENT: 20pt">Gross profit</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10,613,409</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">9,766,761</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; TEXT-INDENT: 9pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify">JOINT VENTURE OPERATIONS:</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; PADDING-LEFT: 10pt; TEXT-INDENT: 0pt">Equity in income from joint ventures</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,743,831</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,936,565</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt; TEXT-ALIGN: justify; PADDING-LEFT: 10pt">Fees for services provided to joint ventures</td>
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">5,137,710</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">5,715,491</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; PADDING-LEFT: 10pt; TEXT-INDENT: 10pt">Total joint venture operations</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">9,881,541</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11,652,056</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; TEXT-INDENT: 9pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; TEXT-INDENT: 0pt">OPERATING EXPENSES:</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; PADDING-LEFT: 10pt">Selling expenses</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6,255,353</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,820,748</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; PADDING-LEFT: 10pt">General and administrative expenses</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7,230,557</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6,531,576</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; PADDING-LEFT: 10pt">Expenses incurred in support of joint ventures</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,001,812</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,867,570</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt; TEXT-ALIGN: justify; PADDING-LEFT: 10pt">Research and development expenses</td>
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">4,724,596</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">4,047,279</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; PADDING-LEFT: 10pt; TEXT-INDENT: 10pt">Total operating expenses</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">19,212,318</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">18,267,173</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; TEXT-INDENT: 9pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify">OPERATING INCOME</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,282,632</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,151,644</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify">INTEREST INCOME</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">42,115</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">34,835</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify">INTEREST EXPENSE</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">(13,261</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">)</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">(20,960</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">)</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify">IMPAIRMENT ON INVESTMENT AT CARRYING VALUE (Note 7)</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">(1,883,668</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">)</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#8212;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt; TEXT-ALIGN: justify">OTHER INCOME</td>
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">&#8212;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">515</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify">(LOSS) INCOME BEFORE INCOME TAX EXPENSE</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">(572,182</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">)</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,166,034</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt; TEXT-ALIGN: justify">INCOME TAX EXPENSE</td>
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">626,120</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">648,674</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify">NET (LOSS) INCOME</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">(1,198,302</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">)</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,517,360</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt; TEXT-ALIGN: left">NET (LOSS) INCOME ATTRIBUTABLE TO NON-CONTROLLING INTERESTS</td>
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">(330,788</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">)</td>
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">727,789</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 2.25pt; TEXT-ALIGN: left">NET (LOSS) INCOME ATTRIBUTABLE TO NTIC</td>
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 2.25pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left">$</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: right">(867,514</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left">)</td>
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 2.25pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left">$</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: right">1,789,571</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">NET (LOSS) INCOME ATTRIBUTABLE TO NTIC PER COMMON SHARE:</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 2.25pt; TEXT-ALIGN: justify; PADDING-LEFT: 10pt">Basic</td>
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 2.25pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left">$</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: right">(0.19</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left">)</td>
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 2.25pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left">$</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: right">0.40</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 2.25pt; TEXT-ALIGN: justify; PADDING-LEFT: 10pt">Diluted</td>
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 2.25pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left">$</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: right">(0.19</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left">)</td>
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 2.25pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left">$</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: right">0.38</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify">WEIGHTED AVERAGE COMMON SHARES ASSUMED OUTSTANDING:</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 2.25pt; TEXT-ALIGN: justify; PADDING-LEFT: 10pt">Basic</td>
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 2.25pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: right">4,537,504</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 2.25pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: right">4,521,788</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 2.25pt; TEXT-ALIGN: justify; PADDING-LEFT: 10pt">Diluted</td>
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 2.25pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: right">4,537,504</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 2.25pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: right">4,649,060</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left">&nbsp;</td></tr></table></div>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"></p>
<p style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; MARGIN: 0pt 0px">See notes to consolidated financial statements.</p>
<p style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; MARGIN: 0pt 0px"><b>&nbsp;</b></p>
<p style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; MARGIN: 0pt 0px"><b></b></p>
<div style="MARGIN-BOTTOM: 6pt; BORDER-BOTTOM: black 4pt solid; MARGIN-TOP: 12pt">
<table style="TEXT-INDENT: 0;FONT-SIZE: 10pt; WIDTH: 100%; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0">

<tr style="VERTICAL-ALIGN: top; TEXT-ALIGN: left">
<td style="WIDTH: 100%; TEXT-ALIGN: center">60</td></tr></table></div>
<div style="PAGE-BREAK-BEFORE: always; MARGIN-TOP: 6pt">&nbsp;</div>
<p style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; MARGIN: 0pt 0px"><b>NORTHERN TECHNOLOGIES INTERNATIONAL CORPORATION</b></p>
<p style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; MARGIN: 0pt 0px"><b>AND SUBSIDIARIES</b></p>
<p style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; MARGIN: 0pt 0px"><a name="a_018"></a><b>CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS) INCOME</b></p>
<p style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; MARGIN: 0pt 0.9pt 0pt 0px"><b>YEARS ENDED AUGUST 31, 2016 AND 2015</b></p>
<div style="MARGIN-BOTTOM: 3pt; MARGIN-TOP: 3pt" align="center">
<div style="FONT-SIZE: 1pt; BORDER-TOP: black 1pt solid; WIDTH: 100%">&nbsp;</div></div>
<p style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; MARGIN: 0pt 0.9pt 0pt 0px"><b><u></u></b></p>
<p style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; MARGIN: 0pt 0px">&nbsp;</p>
<div data-td-statement-type="comprehensive-income" data-td-taggable-table="">
<table style="TEXT-INDENT: 0;WIDTH: 100%; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0">

<tr style="VERTICAL-ALIGN: bottom">
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 2.25pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3">2016</td>
<td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 2.25pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3">2015</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; WIDTH: 74%; TEXT-ALIGN: left">NET (LOSS) INCOME</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&nbsp;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">$</td>
<td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right">(1,198,302</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">)</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&nbsp;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">$</td>
<td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right">2,517,360</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt; TEXT-ALIGN: left; TEXT-INDENT: 10pt">OTHER COMPREHENSIVE (LOSS) INCOME &#8211; FOREIGN CURRENCY TRANSLATION ADJUSTMENT</td>
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">223,253</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">(3,835,705</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">)</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">COMPREHENSIVE LOSS</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">(975,049</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">)</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">(1,318,345</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">)</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt; TEXT-ALIGN: left; PADDING-LEFT: 10pt">COMPREHENSIVE (LOSS) INCOME ATTRIBUTABLE TO NON-CONTROLLING INTERESTS</td>
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">(278,729</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">)</td>
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">326,820</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 2.25pt; TEXT-ALIGN: left">COMPREHENSIVE LOSS ATTRIBUTABLE TO NTIC</td>
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 2.25pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left">$</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: right">(696,320</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left">)</td>
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 2.25pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left">$</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: right">(1,645,165</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left">)</td></tr></table></div>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"><font style="FONT-SIZE: 10pt">See notes to consolidated financial statements.</font><br clear="all"><font style="FONT-SIZE: 12pt"><b></b></font></p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"><font style="FONT-SIZE: 12pt"><b>&nbsp;</b></font></p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"><font style="FONT-SIZE: 12pt"><b></b></font></p>
<div style="MARGIN-BOTTOM: 6pt; BORDER-BOTTOM: black 4pt solid; MARGIN-TOP: 12pt">
<table style="TEXT-INDENT: 0;FONT-SIZE: 10pt; WIDTH: 100%; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0">

<tr style="VERTICAL-ALIGN: top; TEXT-ALIGN: left">
<td style="WIDTH: 100%; TEXT-ALIGN: center">61</td></tr></table></div>
<div style="PAGE-BREAK-BEFORE: always; MARGIN-TOP: 6pt">&nbsp;</div>
<p style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; MARGIN: 0pt 0px"><font style="FONT-SIZE: 10pt"><b>NORTHERN TECHNOLOGIES INTERNATIONAL CORPORATION</b></font></p>
<p style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; MARGIN: 0pt 0px"><b>AND SUBSIDIARIES</b></p>
<p style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; MARGIN: 0pt 0px"><b><a name="a_019"></a>CONSOLIDATED STATEMENTS OF EQUITY &#8211; YEARS ENDED AUGUST 31, 2016 AND 2015</b></p>
<div style="MARGIN-BOTTOM: 3pt; MARGIN-TOP: 3pt" align="center">
<div style="FONT-SIZE: 1pt; BORDER-TOP: black 1pt solid; WIDTH: 100%">&nbsp;</div></div>
<p style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; MARGIN: 0pt 0px"><b><u></u></b></p>
<p style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; MARGIN: 0pt 0px"><b>&nbsp;</b></p>
<div data-td-statement-type="stockholders-equity" data-td-taggable-table="">
<table style="TEXT-INDENT: 0;WIDTH: 100%; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0">

<tr style="VERTICAL-ALIGN: bottom">
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="19">STOCKHOLDERS&#8217; EQUITY</td>
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: center" colspan="3">&nbsp;</td>
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: center" colspan="3">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom">
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: center" colspan="3">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: center" colspan="3">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: center" colspan="3">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: center" colspan="3">&nbsp;</td>
<td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold">&nbsp;</td>
<td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3">Accumulated</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: center" colspan="3">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: center" colspan="3">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom">
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: center" colspan="3">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: center" colspan="3">&nbsp;</td>
<td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold">&nbsp;</td>
<td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3">Additional</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: center" colspan="3">&nbsp;</td>
<td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold">&nbsp;</td>
<td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3">Other</td>
<td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold">&nbsp;</td>
<td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3">Non-</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: center" colspan="3">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom">
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="7">Common Stock</td>
<td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt; TEXT-ALIGN: center" colspan="3">Paid-in</td>
<td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt; TEXT-ALIGN: center" colspan="3">Retained</td>
<td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt; TEXT-ALIGN: center" colspan="3">Comprehensive</td>
<td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt; TEXT-ALIGN: center" colspan="3">Controlling</td>
<td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt; TEXT-ALIGN: center" colspan="3">Total</td></tr>
<tr style="VERTICAL-ALIGN: bottom">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3">Shares</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3">Amount</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3">Capital</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3">Earnings</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3">Income (Loss)</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3">Interests</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3">Equity</td></tr>
<tr style="VERTICAL-ALIGN: bottom">
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right" colspan="3">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: center" colspan="3">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: center" colspan="3">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: center" colspan="3">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: center" colspan="3">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: center" colspan="3">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify" colspan="3">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; WIDTH: 10%" nowrap>BALANCE AT AUGUST 31, 2014</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&nbsp;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right">4,504,552</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&nbsp;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">$</td>
<td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right">90,092</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&nbsp;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">$</td>
<td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right">12,676,546</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&nbsp;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">$</td>
<td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right">32,733,300</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&nbsp;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">$</td>
<td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right">253,925</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&nbsp;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">$</td>
<td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right">3,837,257</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&nbsp;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">$</td>
<td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right">49,591,120</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt">Repurchase of common stock</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">(1,587</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">)</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">(32</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">)</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">(24,314</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">)</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">-</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">-</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">-</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">(24,346</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">)</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt">Exercise of stock options</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">32,874</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">657</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">235,432</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">-</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">-</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">-</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">236,089</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt">Stock issued for employee stock <br>purchase plan</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,206</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">64</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">57,917</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">-</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">-</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">-</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">57,981</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt">Stock option expense</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">-</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">-</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">495,683</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">-</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">-</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">-</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">495,683</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt">Dividend received by non-controlling <br>interest</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">-</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">-</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">-</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">-</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">-</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">(1,160,000</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">)</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">(1,160,000</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">)</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt">Investment by non-controlling <br>interest</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">-</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">-</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">-</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">-</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">-</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">15,625</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">15,625</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt">Comprehensive income (loss)</td>
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">-</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">-</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">-</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">1,789,571</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">(3,434,736</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">)</td>
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">326,820</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">(1,318,345</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">)</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">BALANCE AT AUGUST 31, 2015</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,539,045</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">90,781</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">13,441,264</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">34,522,871</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">(3,180,811</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">)</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,019,702</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">47,893,807</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt">Repurchase of common stock</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">(11,211</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">)</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">(225</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">)</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">(138,656</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">)</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">-</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">-</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">-</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">(138,881</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">)</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt">Stock issued for employee stock <br>purchase plan</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,582</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">112</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">68,522</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">-</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">-</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">-</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">68,634</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt">Stock option expense</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">-</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">-</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">427,437</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">-</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">-</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">-</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">427,437</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt" nowrap>Dividend received by non-controlling <br>interest</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">-</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">-</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">-</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">-</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">-</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">(200,000</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">)</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">(200,000</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">)</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left; PADDING-LEFT: 10pt; TEXT-INDENT: -10pt">Comprehensive income (loss)</td>
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">-</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">-</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">-</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">(867,514</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">)</td>
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">171,194</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">(278,729</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">)</td>
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">(975,049</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">)</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 2.25pt">BALANCE AT AUGUST 31, 2016</td>
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 2.25pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: right">4,533,416</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 2.25pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left">$</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: right">90,668</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 2.25pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left">$</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: right">13,798,567</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 2.25pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left">$</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: right">33,655,357</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 2.25pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left">$</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: right">(3,009,617</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left">)</td>
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 2.25pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left">$</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: right">2,540,973</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 2.25pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left">$</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: right">47,075,948</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left">&nbsp;</td></tr></table></div>
<p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; TEXT-ALIGN: left; MARGIN-TOP: 0pt">&nbsp;</p>
<p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; TEXT-ALIGN: left; MARGIN-TOP: 0pt">See notes to consolidated financial statements.</p>
<p style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; MARGIN: 0pt 0px"><b>&nbsp;</b></p>
<p style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; MARGIN: 0pt 0px"><b></b></p>
<div style="MARGIN-BOTTOM: 6pt; BORDER-BOTTOM: black 4pt solid; MARGIN-TOP: 12pt">
<table style="TEXT-INDENT: 0;FONT-SIZE: 10pt; WIDTH: 100%; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0">

<tr style="VERTICAL-ALIGN: top; TEXT-ALIGN: left">
<td style="WIDTH: 100%; TEXT-ALIGN: center">62</td></tr></table></div>
<div style="PAGE-BREAK-BEFORE: always; MARGIN-TOP: 6pt">&nbsp;</div>
<p style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; MARGIN: 0pt 0px"><b>NORTHERN TECHNOLOGIES INTERNATIONAL CORPORATION</b></p>
<p style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; MARGIN: 0pt 0px"><b>AND SUBSIDIARIES</b></p>
<p style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; MARGIN: 0pt 0px"><a name="a_020"></a><b>CONSOLIDATED STATEMENTS OF CASH FLOWS</b></p>
<p style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; MARGIN: 0pt 0px"><b>FOR THE YEARS ENDED AUGUST 31, 2016 AND 2015</b></p>
<div style="MARGIN-BOTTOM: 3pt; MARGIN-TOP: 3pt" align="center">
<div style="FONT-SIZE: 1pt; BORDER-TOP: black 1pt solid; WIDTH: 100%">&nbsp;</div></div>
<p style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; MARGIN: 0pt 0px"><b><u></u></b></p>
<p style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; MARGIN: 0pt 0px"><b>&nbsp;</b></p>
<div data-td-statement-type="cash-flows" data-td-taggable-table="">
<table style="TEXT-INDENT: 0;WIDTH: 100%; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0">

<tr style="VERTICAL-ALIGN: bottom">
<td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold">&nbsp;</td>
<td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3">2016</td>
<td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3">2015</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify">CASH FLOWS FROM OPERATING ACTIVITIES:</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; WIDTH: 74%; TEXT-ALIGN: justify; PADDING-LEFT: 10pt; TEXT-INDENT: 0pt">Net (loss) income</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&nbsp;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">$</td>
<td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right">(1,198,302</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">)</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&nbsp;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">$</td>
<td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right">2,517,360</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; PADDING-LEFT: 10pt; TEXT-INDENT: 0pt">Adjustments to reconcile net (loss) income to net cash (used in) provided by operating activities:</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; PADDING-LEFT: 10pt; TEXT-INDENT: 10pt">Stock-based compensation</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">427,437</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">495,683</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; PADDING-LEFT: 10pt; TEXT-INDENT: 10pt">Depreciation expense</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">660,008</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">530,449</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; PADDING-LEFT: 10pt; TEXT-INDENT: 10pt">Amortization expense</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">119,032</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">87,663</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; PADDING-LEFT: 10pt; TEXT-INDENT: 10pt">Loss on disposal of assets</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#8212;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">20,689</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; PADDING-LEFT: 10pt; TEXT-INDENT: 10pt">Equity in income from joint ventures</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">(4,743,831</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">)</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">(5,936,565</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">)</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; PADDING-LEFT: 10pt; TEXT-INDENT: 10pt">Dividends received from joint ventures</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,503,314</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,983,338</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; PADDING-LEFT: 10pt; TEXT-INDENT: 10pt">Impairment on investment at carrying value</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,883,668</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#8212;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; PADDING-LEFT: 10pt; TEXT-INDENT: 10pt">Deferred income taxes</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">(47,000</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">)</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">131,777</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; PADDING-LEFT: 10pt; TEXT-INDENT: 10pt">Gain on sale of equipment</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#8212;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">31,708</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; PADDING-LEFT: 10pt; TEXT-INDENT: 0pt">Changes in current assets and liabilities:</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; PADDING-LEFT: 10pt; TEXT-INDENT: 10pt">Receivables:</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; PADDING-LEFT: 10pt; TEXT-INDENT: 20pt">Trade, excluding joint ventures</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">(723,798</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">)</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">(699,088</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">)</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; PADDING-LEFT: 10pt; TEXT-INDENT: 20pt">Trade, joint ventures</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">(146,526</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">)</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">305,909</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; PADDING-LEFT: 10pt; TEXT-INDENT: 20pt">Fees for services provided to joint ventures</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">42,575</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,163,737</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; PADDING-LEFT: 10pt; TEXT-INDENT: 20pt">Income taxes</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">(40,859</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">)</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">(258,329</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">)</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; PADDING-LEFT: 10pt; TEXT-INDENT: 10pt">Inventories</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">(257,826</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">)</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">(1,679,654</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">)</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; PADDING-LEFT: 10pt; TEXT-INDENT: 10pt">Prepaid expenses and other</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">17,023</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">25,028</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; PADDING-LEFT: 10pt; TEXT-INDENT: 10pt">Accounts payable</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">641,631</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">127,907</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; PADDING-LEFT: 10pt; TEXT-INDENT: 10pt">Income tax payable</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">42,984</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">31,667</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; PADDING-LEFT: 10pt; TEXT-INDENT: 10pt">Accrued liabilities</td>
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">(123,924</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">)</td>
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">(634,823</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">)</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; PADDING-LEFT: 10pt; TEXT-INDENT: 20pt">Net cash provided by (used in) operating activities</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,055,606</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">(755,544</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">)</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify">CASH FLOWS FROM INVESTING ACTIVITIES:</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; PADDING-LEFT: 10pt; TEXT-INDENT: 0pt">Additions to property and equipment</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">(643,407</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">)</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">(1,438,919</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">)</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; PADDING-LEFT: 10pt; TEXT-INDENT: 0pt">Purchase of available for sale securities</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">(216,423</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">)</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#8212;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; PADDING-LEFT: 10pt; TEXT-INDENT: 0pt">Proceeds from sale of available for sale securities</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#8212;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,492,325</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt; TEXT-ALIGN: justify; PADDING-LEFT: 10pt">Additions to patents</td>
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">(135,410</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">)</td>
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">(152,182</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">)</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; PADDING-LEFT: 10pt; TEXT-INDENT: 20pt">Net cash (used in) provided by investing activities</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">(995,240</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">)</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,901,224</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify">CASH FLOWS FROM FINANCING ACTIVITIES:</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; PADDING-LEFT: 10pt; TEXT-INDENT: 0pt">Dividend received by non-controlling interest</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">(200,000</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">)</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">(1,160,000</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">)</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; PADDING-LEFT: 10pt; TEXT-INDENT: 0pt">Investment by non-controlling interest</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#8212;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">15,625</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; PADDING-LEFT: 10pt; TEXT-INDENT: 0pt">Repurchase of common stock</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">(138,881</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">)</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">(24,346</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">)</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; PADDING-LEFT: 10pt; TEXT-INDENT: 0pt">Proceeds from employee stock purchase plan</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">68,634</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">57,981</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; PADDING-LEFT: 10pt; TEXT-INDENT: 0pt">Proceeds from exercise of stock options</td>
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">&#8212;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">236,089</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; PADDING-LEFT: 10pt; TEXT-INDENT: 20pt">Net cash used in financing activities</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">(270,247</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">)</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">(874,651</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">)</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt; TEXT-ALIGN: justify; PADDING-LEFT: 10pt">EFFECT OF EXCHANGE RATE CHANGES ON CASH:</td>
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">(18,826</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">)</td>
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">(124,065</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">)</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify">NET INCREASE IN CASH AND CASH EQUIVALENTS</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">771,293</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">146,964</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt; TEXT-ALIGN: justify">CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR</td>
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">2,623,981</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">2,477,017</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 2.25pt; TEXT-ALIGN: justify">CASH AND CASH EQUIVALENTS AT END OF YEAR</td>
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 2.25pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left">$</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: right">3,395,274</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 2.25pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left">$</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: right">2,623,981</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left">&nbsp;</td></tr></table></div>
<p style="MARGIN: 0px">&nbsp;</p>
<p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; TEXT-ALIGN: justify; MARGIN-TOP: 0pt"></p>
<p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; TEXT-ALIGN: justify; MARGIN-TOP: 0pt"><font style="FONT-SIZE: 10pt">See notes to consolidated financial statements.</font></p>
<p style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; MARGIN: 0pt 0px"><b>&nbsp;</b></p>
<p style="FONT-SIZE: 10pt; TEXT-TRANSFORM: uppercase; FONT-WEIGHT: bold; TEXT-ALIGN: justify; MARGIN: 0pt 0px"></p>
<div style="MARGIN-BOTTOM: 6pt; BORDER-BOTTOM: black 4pt solid; MARGIN-TOP: 12pt">
<table style="TEXT-INDENT: 0;FONT-SIZE: 10pt; WIDTH: 100%; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0">

<tr style="VERTICAL-ALIGN: top; TEXT-ALIGN: left">
<td style="WIDTH: 100%; TEXT-ALIGN: center">63</td></tr></table></div>
<div style="PAGE-BREAK-BEFORE: always; MARGIN-TOP: 6pt">&nbsp;</div>
<p style="FONT-SIZE: 10pt; TEXT-TRANSFORM: uppercase; FONT-WEIGHT: bold; TEXT-ALIGN: justify; MARGIN: 0pt 0px">NORTHERN TECHNOLOGIES INTERNATIONAL CORPORATION</p>
<p style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; MARGIN: 0pt 0px"><b>AND SUBSIDIARIES</b></p>
<p style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; TEXT-ALIGN: justify; MARGIN: 0pt 0px"><a name="a_021"></a>NOTES TO CONSOLIDATED FINANCIAL STATEMENTS</p>
<p style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; TEXT-ALIGN: justify; MARGIN: 0pt 0px">YEARS ENDED AUGUST 31, 2016 AND 2015</p>
<div style="MARGIN-BOTTOM: 3pt; MARGIN-TOP: 3pt" align="center">
<div style="FONT-SIZE: 1pt; BORDER-TOP: black 1pt solid; WIDTH: 100%">&nbsp;</div></div>
<p style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; TEXT-ALIGN: justify; MARGIN: 0pt 0px"></p>
<p style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; MARGIN: 0pt 0px 0pt 0.5in; TEXT-INDENT: -0.5in"><b>&nbsp;</b></p>
<p style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; MARGIN: 0pt 0px"><b></b></p>
<div data-td-statement-type="note">
<p style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; MARGIN: 0pt 0px"><b>1. NATURE OF BUSINESS AND SIGNIFICANT ACCOUNTING POLICIES</b></p>
<p style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; MARGIN: 0pt 0px"><b>&nbsp;</b></p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"><i></i></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><i>Nature of Business </i>&#8211; Northern Technologies International
Corporation and Subsidiaries (the Company) develop and market proprietary environmentally beneficial products and services in over
60 countries either directly or via a network of joint ventures, independent distributors and agents. The Company&#8217;s primary
business is corrosion prevention marketed mainly under the ZERUST<sup>&#174;</sup> brand. The Company has been selling its proprietary
ZERUST<sup>&#174;</sup> rust and corrosion inhibiting products and services to the automotive, electronics, electrical, mechanical,
military and retail consumer markets for over 40 years, and more recently, has targeted and expanded into the oil and gas industry.
The Company also sells a portfolio of biobased and certified compostable (fully biodegradable) polymer resin compounds and finished
products under the Natur-Tec<sup>&#174;</sup> brand. These products are intended to reduce the Company&#8217;s customers&#8217;
carbon footprint and provide environmentally sound disposal options. The Company&#8217;s two operating segments are ZERUST and
Nature-Tec.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>



<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">The Company participates, either directly or indirectly, in 19 active joint venture arrangements in North America, Europe and Asia. Each of these joint ventures generally manufactures and markets products in the geographic territory to which it is assigned. While most of the Company&#8217;s joint ventures exclusively sell rust and corrosion inhibiting products, some of the joint ventures also sell the Company&#8217;s Natur-Tec<sup style="vertical-align: baseline; position: relative; bottom:.33em;">&#174;</sup> resin compounds and finished products. The profits of joint ventures are shared by the respective joint venture owners in accordance with their respective ownership percentages. The Company typically owns 50% or less of its joint venture entities and does not control the decisions of these entities, including dividend declaration or amount in any given year.</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">The Company has evaluated events occurring after the date of the consolidated financial statements for events requiring recording or disclosure in the financial statements.</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"><i>Principles of Consolidation</i> - NTIC evaluates its voting and variable interests in entities on a qualitative and quantitative basis. NTIC consolidates entities in which it concludes it has the power to direct the activities that most significantly impact an entity&#8217;s economic success and has the obligation to absorb losses or the right to receive benefits that could be significant to the entity. The consolidated financial statements include the accounts of Northern Technologies International Corporation, its wholly-owned subsidiaries, Northern Technologies Holding Company, LLC, NTIC (Shanghai) Co., Ltd. (NTIC China), Natur-Tec India Private Limited (Natur-Tec India), and ZERUST-EXCOR MEXICO, S. de R.L. de C.V (Zerust Mexico), NTIC&#8217;s majority-owned subsidiary in Brazil, Zerust Preven&#231;&#227;o de Corros&#227;o S.A. (Zerust Brazil) and NTIC&#8217;s majority-owned holding company, NTI Asean LLC (NTI Asean). NTIC&#8217;s consolidated financial statements do not include the accounts of any of its joint ventures.</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"><i>Non-Controlling Interests</i> &#8211; The Company owns 85% of Zerust Brazil, 60% of NTI Asean, and 90% of Natur-Tec India.&nbsp; The remaining ownership is accounted for as non-controlling interests and reported as part of equity in the consolidated financial statements. The Company allocates gains and losses to the non-controlling interest even when such allocation might result in a deficit balance, reducing the losses attributed to the controlling interest, changes in ownership interests are treated as equity transactions if the Company maintains control.</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"><i>Net Sales </i>&#8211;The Company includes net sales to its joint ventures and net sales to unaffiliated customers as separate line items on its consolidated statements of operations. There are no sales originating from the Company&#8217;s joint ventures included in the amount, as the Company&#8217;s investments in its joint ventures are accounted for using the equity method.</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"></p>
<div style="MARGIN-BOTTOM: 6pt; BORDER-BOTTOM: black 4pt solid; MARGIN-TOP: 12pt">
<table style="TEXT-INDENT: 0;FONT-SIZE: 10pt; WIDTH: 100%; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0">

<tr style="VERTICAL-ALIGN: top; TEXT-ALIGN: left">
<td style="WIDTH: 100%; TEXT-ALIGN: center">64</td></tr></table></div>
<div style="PAGE-BREAK-BEFORE: always; MARGIN-TOP: 6pt">&nbsp;</div>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"><i>Revenue Recognition</i> &#8211; The Company recognizes revenue from the sale of its products when persuasive evidence of an arrangement exists, the product has been delivered, the price is fixed and determinable and collection of the resulting receivable is reasonably assured. These criteria are met when risk of loss and title pass to the customer, distributor or joint venture entity. Sales and use taxes charged to customers are reported on a net basis.</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"><i>&nbsp;</i></p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"><i>Trade Receivable</i> &#8211; Payment terms for the Company&#8217;s unaffiliated customers are determined based on credit risk and vary by customer. The Company typically offers standard payment terms to unaffiliated customers of net 30 days. The Company does not accrue interest on past due accounts receivable. The Company reviews the credit histories of its customers before extending unsecured credit. The Company presents accounts and notes receivable, net of an allowance for doubtful accounts. Each quarter, the Company prepares an analysis of its ability to collect outstanding receivables that provides a basis for an allowance estimate for doubtful accounts. In doing so, the Company evaluates the age of its receivables, past collection history, current financial conditions of key customers and its joint ventures, and economic conditions. Based on this evaluation, the Company establishes a reserve for specific accounts and notes receivable that it believes are uncollectible, as well as an estimate of uncollectible receivables not specifically known. The Company believes that an analysis of historical trends and its current knowledge of potential collection problems provide the Company with sufficient information to establish a reasonable estimate for an allowance for doubtful accounts. In the event the Company determines that a smaller or larger uncollectible accounts reserve is appropriate, the Company records a credit or charge to selling expense in the period that it made such determination. Accounts receivable have been reduced by an allowance for uncollectible accounts of $40,000 at August 31, 2016 and 2015. Accounts are considered past due based on terms agreed upon between the Company and the customer. Accounts receivable are written-off only after all collection attempts have failed and are based on individual credit evaluation and specific circumstances of the customer.</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"><i>Trade Receivables from Joint Ventures </i>&#8211; Trade receivables from joint ventures arise from sales of products the Company makes to its joint ventures. Payment terms for the Company&#8217;s joint ventures also are determined based on credit risk; however, additional consideration also is given to the individual joint venture due to the transportation time associated with ocean delivery of most products and certain other factors. Generally, accounts receivable from the Company&#8217;s joint ventures unpaid after 90 days are considered past due. The Company does not accrue interest on past due balances. The Company periodically reviews amounts due from its joint ventures for collectability, and based on past experience and continuous review of the balances due, determined an allowance for doubtful accounts related to its joint venture receivables is not necessary at August 31, 2016 or 2015.</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"><i>Fees for Services Provided to Joint Ventures &#8211; </i>The Company provides services to its joint ventures including consulting, legal, travel, insurance, technical and marketing services. The Company receives fees for the services it provides to its joint ventures. The fees for services received by the Company from its joint ventures are generally based on either a flat fee or a percentage of net sales by the Company&#8217;s joint ventures depending on local laws and tax regulations. The Company recognizes revenues related to fees for services provided to its joint ventures when earned, amounts are determinable and collectability is reasonably assured. Under the Company&#8217;s agreements with its joint ventures, amounts are earned when product is shipped from joint venture facilities. The Company reviews the financial situation of each of its joint ventures to assist in the likelihood of collections on amounts earned. The Company accounts for these fees on a cash basis if uncertainty exists surrounding the collection of such fees.</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"><i>Cash and Cash Equivalents</i> - The Company includes as cash and cash equivalents highly liquid, short-term investments with maturity of three months or less when purchased, which are readily convertible into known amounts of cash. The Company maintains its cash in high quality financial institutions. The balances, at times, may exceed federally insured limits.</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"></p>
<div style="MARGIN-BOTTOM: 6pt; BORDER-BOTTOM: black 4pt solid; MARGIN-TOP: 12pt">
<table style="TEXT-INDENT: 0;FONT-SIZE: 10pt; WIDTH: 100%; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0">

<tr style="VERTICAL-ALIGN: top; TEXT-ALIGN: left">
<td style="WIDTH: 100%; TEXT-ALIGN: center">65</td></tr></table></div>
<div style="PAGE-BREAK-BEFORE: always; MARGIN-TOP: 6pt">&nbsp;</div>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"><i>Available for Sale Securities</i> &#8211; Available for sale securities are recorded at fair value. Unrealized holding gains and losses on available for sale securities are excluded from earnings.</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"><i>&nbsp;</i></p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"><i>Inventories</i> - Inventories are recorded at the lower of cost (first-in, first-out basis) or market.</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"><i>Property and Depreciation</i> - Property and equipment are stated at cost. Depreciation is computed using the straight-line method based on the estimated service lives of the various assets as follows:</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"></p>
<div data-td-taggable-table="">
<table style="TEXT-INDENT: 0;WIDTH: 100%; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0">

<tr style="VERTICAL-ALIGN: bottom">
<td style="FONT-SIZE: 10pt; WIDTH: 50%; TEXT-ALIGN: left; PADDING-LEFT: 1.7in" nowrap>Buildings and improvements (years)</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&nbsp;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 4%; TEXT-ALIGN: center">5</td>
<td style="FONT-SIZE: 10pt; WIDTH: 4%; TEXT-ALIGN: center">-</td>
<td style="FONT-SIZE: 10pt; WIDTH: 4%; TEXT-ALIGN: center">30</td>
<td style="FONT-SIZE: 10pt; WIDTH: 37%; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left; PADDING-LEFT: 1.7in">Machinery and equipment (years)</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: center">3</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: center">-</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: center">10</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td></tr></table></div>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"></p>
<p style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"><i>Patents</i> &#8211; Patents, including acquisition costs, are stated at cost, less accumulated amortization. Amortization is computed using the straight-line method over the estimated useful lives of the respective assets. Upon retirement, the cost of assets disposed and the related accumulated amortization are removed from the accounts and any resulting gain or loss is credited or charged to operations.</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"><i>Investments in Joint Ventures</i> - Investments in the Company&#8217;s joint ventures are accounted for using the equity method. Under the equity method, investments are initially recorded at cost and are adjusted for dividends, distributed and undistributed earnings and losses, changes in foreign currency exchange rates and additional investments. In the event the Company&#8217;s share of joint venture&#8217;s cumulative losses exceeds the Company&#8217;s investment balance, the balance is reported at zero value until proportionate income exceeds the losses. The Company assesses its joint ventures for impairment on an annual basis as of August 31 of each year as part of its fiscal year end analysis. In addition to the annual review for impairment, the Company reviews the operating results of each joint venture on a quarterly basis in comparison to its historical operating results and its accrual of fees for services provided to joint ventures. If the operating results of a joint venture do not meet financial performance expectations, an additional evaluation is performed on the joint venture. The Company&#8217;s evaluation of its investments in joint ventures requires the Company to make assumptions about future cash flows of its joint ventures. These assumptions require significant judgment and actual results may differ from assumed or estimated amounts. All investments in joint ventures have positive equity as of August 31, 2016 and 2015.</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"><i>Investment at Carrying Value</i> &#8211; If the Company is no longer able to exercise significant influence over operating and financial policy of a joint venture previously accounted for under the equity method, it maintains the investment at the carrying value as of the date that significant influence no longer exists and discontinues accruing the proportionate earnings or losses of the investment.</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">Investments are considered to be impaired when a decline in fair value is judged to be other-than-temporary. Fair value is calculated based on publicly available market information or other estimates determined by management. The Company employs a systematic methodology on a quarterly basis that considers available quantitative and qualitative evidence in evaluating potential impairment of our investments. If the cost of an investment exceeds its fair value, the Company evaluates, among other factors, general market conditions, credit quality of debt instrument issuers, the duration and extent to which the fair value is less than cost, and for equity securities, the Company&#8217;s intent and ability to hold, or plans to sell, the investment. The Company also considers specific adverse conditions related to the financial health of and business outlook for the investee, including industry and sector performance, changes in technology, and operational and financing cash flow factors. Once a decline in fair value is determined to be other-than-temporary, an impairment charge is recorded to other income (expense) and a new cost basis in the investment is established.</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"></p>
<div style="MARGIN-BOTTOM: 6pt; BORDER-BOTTOM: black 4pt solid; MARGIN-TOP: 12pt">
<table style="TEXT-INDENT: 0;FONT-SIZE: 10pt; WIDTH: 100%; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0">

<tr style="VERTICAL-ALIGN: top; TEXT-ALIGN: left">
<td style="WIDTH: 100%; TEXT-ALIGN: center">66</td></tr></table></div>
<div style="PAGE-BREAK-BEFORE: always; MARGIN-TOP: 6pt">&nbsp;</div>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"><i>Recoverability of Long-Lived Assets</i> - The Company reviews its long-lived assets whenever events or changes in circumstances indicate the carrying amount of the assets may not be recoverable. The Company determines potential impairment by comparing the carrying value of the assets with expected net cash flows expected to be provided by operating activities of the business or related products. If the sum of the expected undiscounted future net cash flows is less than the carrying value, the Company evaluates if an impairment loss should be recognized. An impairment loss is measured by comparing the amount by which the carrying value exceeds the fair value of the asset.</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"><i>Income Taxes</i> - The Company utilizes the liability method of accounting for income taxes which requires an asset and liability approach to financial accounting and reporting for income taxes. Deferred income tax assets and liabilities are determined based on the differences between the financial statement and tax basis of assets and liabilities using enacted tax rates in effect for the year in which the differences are expected to reverse. The effect of a change in tax rates on deferred tax assets and liabilities is recognized in income in the period that includes the enactment date.</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">The Company records net deferred tax assets to the extent the Company believes these assets will more likely than not be realized. In making such a determination, the Company considers all available positive and negative evidence, including future reversals of existing taxable temporary differences, projected future taxable income, tax-planning strategies, and results of recent operations. In the event the Company determines that it would be able to realize its deferred income tax assets in the future in excess of their net recorded amount, the Company would make an adjustment to the deferred tax asset valuation allowance, which would reduce the provision for income taxes.</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">The Company records uncertain tax positions on the basis of a two-step process whereby the Company determines whether it is more likely than not that the tax positions will be sustained based on the technical merits of the position and those tax positions that meet the more-likely-than-not recognition threshold. The Company recognizes the largest amount of tax benefit that is greater than 50 percent likely to be realized upon ultimate settlement with the related tax authority.</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"><i>Foreign Currency Translation (Accumulated Other Comprehensive Income (Loss))</i> - The functional currency of NTIC China, Zerust Brazil, Natur-Tec India, Zerust Mexico and each unconsolidated international joint venture is the applicable local currency. The translation of the applicable foreign currencies into U.S. dollars is performed for balance sheet accounts using exchange rates in effect at the balance sheet date and for revenue and expense accounts using an average monthly exchange rate. Translation gains or losses are reported as an element of other comprehensive income (loss).</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">The Company (excluding NTIC China, Zerust Brazil, Natur-Tec India, NTI Asean, Zerust Mexico and its joint ventures) conducts all foreign transactions based on the U.S. dollar. Since investments in joint ventures are accounted for using the equity method, any changes in foreign currency exchange rates are reflected as a foreign currency translation adjustment and does not change the equity in income from joint ventures reflected in the Company&#8217;s consolidated statements of operations.</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"><i>Fair Value of Financial Instruments</i> &#8211; The carrying value of cash and cash equivalents, available for sale securities, short-term accounts and notes receivable, notes payable, trade accounts payables, and other accrued expenses approximate fair value because of the short maturity of those instruments.</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"><i>Shipping and Handling</i> - The Company records all amounts billed to customers in a sales transaction related to shipping and handling as sales. The Company records costs related to shipping and handling in cost of goods sold.</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"></p>
<div style="MARGIN-BOTTOM: 6pt; BORDER-BOTTOM: black 4pt solid; MARGIN-TOP: 12pt">
<table style="TEXT-INDENT: 0;FONT-SIZE: 10pt; WIDTH: 100%; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0">

<tr style="VERTICAL-ALIGN: top; TEXT-ALIGN: left">
<td style="WIDTH: 100%; TEXT-ALIGN: center">67</td></tr></table></div>
<div style="PAGE-BREAK-BEFORE: always; MARGIN-TOP: 6pt">&nbsp;</div>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"><i>Research and Development</i> - The Company expenses all costs related to product research and development as incurred. &nbsp; The costs related to product research and development are the net amount after being reduced by reimbursements related to certain research and development contracts. The Company accrues proceeds received under such contracts and offsets research and development expenses incurred in equal installments over the timelines associated with completion of the contracts&#8217; specific objectives and milestones.</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"><i>&nbsp;</i></p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"><i>Common Stock</i> &#8211; The Company issues authorized but unissued shares of common stock upon the exercise of stock options, as opposed to treasury shares.</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"><i>Stock-Based Compensation</i> &#8211; The Company recognizes compensation cost relating to share-based payment transactions, including grants of employee stock options and transactions under the Company&#8217;s employee stock purchase plan, in its consolidated financial statements. That cost is measured based on the fair value of the equity or liability instruments issued. The Company measures the cost of employee services received in exchange for stock options and other stock-based awards based on the grant-date fair value of the award, and recognizes the cost over the period the employee is required to provide services for the award (generally the vesting term).</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"><i>Use of Estimates</i> - The preparation of the financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p></div>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"></p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"><b></b></p>
<div data-td-statement-type="note">
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"><b>2. RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS</b></p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">In May 2014, the Financial Accounting Standards Board (FASB) issued <i>Revenue from Contracts with Customers, Topic 606</i> (Accounting Standards Update (ASU) No. 2014-09), which provides a framework for the recognition of revenue, with the objective that recognized revenues properly reflect amounts an entity is entitled to receive in exchange for goods and services. This guidance, which includes additional disclosure requirements regarding revenue, cash flows and obligations related to contracts with customers, was originally to be effective for the Company beginning in fiscal year 2018. In July 2015, the FASB confirmed a one-year deferral of the effective date of the new revenue standard which also allows early adoption as of the original effective date. The updated guidance will be effective for the Company&#8217;s first quarter of 2019. The Company is currently evaluating the impact of adopting ASU 2014-09 on its consolidated financial statements, but believes there will be no material impact, if any.</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">In July 2015, the FASB issued ASU No. 2015-11, &#8220;<i>Inventory</i>&#8221;, which modifies the subsequent measurement of inventories recorded under a first-in-first-out or average cost method. Under the new standard, such inventories are required to be measured at the lower of cost and net realizable value. The new standard is effective for the Company&#8217;s fiscal year 2018, with prospective application. The Company does not expect the adoption of the provisions of ASU 2015-11 to have a material impact on its consolidated financial statements.</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">In November&nbsp;2015, FASB issued ASU 2015-17,&nbsp;<i>Income Taxes (Topic 740) Balance Sheet Classification of Deferred Taxes</i>&nbsp;which requires that deferred tax assets and liabilities be classified as noncurrent in a classified balance sheet. The amendment takes effect for public entities for fiscal years beginning after December&nbsp;15, 2017, with early adoption available. The Company adopted ASU 2015-17 as of August 31, 2016, however, there was no material impact on its consolidated financial statements. Prior periods were not retrospectively adjusted.</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">During February 2016, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2016-02, &#8220;<i>Leases</i>.&#8221; ASU No. 2016-02 was issued to increase transparency and comparability among organizations by recognizing all lease transactions (with terms in excess of 12 months) on the balance sheet as a lease liability and a right-of-use asset (as defined). ASU No. 2016-02 is effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years, with earlier application permitted. Upon adoption, the lessee will apply the new standard retrospectively to all periods presented or retrospectively using a cumulative effect adjustment in the year of adoption. The Company is currently assessing the effect that ASU No. 2016-02 will have on its consolidated financial statements.</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"></p>
<div style="MARGIN-BOTTOM: 6pt; BORDER-BOTTOM: black 4pt solid; MARGIN-TOP: 12pt">
<table style="TEXT-INDENT: 0;FONT-SIZE: 10pt; WIDTH: 100%; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0">

<tr style="VERTICAL-ALIGN: top; TEXT-ALIGN: left">
<td style="WIDTH: 100%; TEXT-ALIGN: center">68</td></tr></table></div>
<div style="PAGE-BREAK-BEFORE: always; MARGIN-TOP: 6pt">&nbsp;</div>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">In March 2016, the FASB issued ASU No. 2016-07, &#8220;<i>Investments &#8211; Equity Method and Joint Ventures (Topic 323): Simplifying the Transition to the Equity Method of Accounting</i>.&#8221; Among other things, the amendments in ASU 2016-07 eliminate the requirement that when an investment qualifies for use of the equity method as a result of an increase in the level of ownership interest or degree of influence, an investor must adjust the investment, results of operations, and retained earnings retroactively on a step-by-step basis as if the equity method had been in effect during all previous periods that the investment had been held. The amendments require that the equity method investor add the cost of acquiring the additional interest in the investee to the current basis of the investor&#8217;s previously held interest and adopt the equity method of accounting as of the date the investment becomes qualified for equity method accounting. Therefore, upon qualifying for the equity method of accounting, no retroactive adjustment of the investment is required. The amendments require that an entity that has an available-for-sale equity security that becomes qualified for the equity method of accounting recognize through earnings the unrealized holding gain or loss in accumulated other comprehensive income at the date the investment becomes qualified for use of the equity method. The amendments are effective for all entities for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2016. The amendments should be applied prospectively upon their effective date to increases in the level of ownership interest or degree of influence that result in the adoption of the equity method. Early adoption is permitted. The Company is currently assessing the impact that ASU 2016-07 will have on its consolidated financial statements.</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">In March 2016, the FASB issued ASU 2016-09, <i>Stock Compensation</i>, which is intended to simplify several aspects of the accounting for share-based payment award transactions. The guidance will be effective for the fiscal year beginning after December 15, 2016, including interim periods within that year. The Company is in the process of evaluating the impacts of the adoption of this ASU.</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">Although there are several other new accounting pronouncements issued or proposed by the FASB, which the Company has adopted or will adopt, as applicable, the Company does not believe any of these accounting pronouncements has had or will have a material impact on the Company&#8217;s consolidated financial position or operating results.</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p></div>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"></p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"><b></b></p>
<div data-td-statement-type="note">
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"><b>3. INVENTORIES</b></p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">Inventories consisted of the following:</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<div data-td-taggable-table="">
<table style="TEXT-INDENT: 0;WIDTH: 100%; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0">

<tr style="VERTICAL-ALIGN: bottom">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify">&nbsp;</td>
<td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3" nowrap>August 31, 2016</td>
<td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3" nowrap>August 31, 2015</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; WIDTH: 74%; TEXT-ALIGN: justify">Production materials</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&nbsp;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">$</td>
<td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right">1,452,396</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&nbsp;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">$</td>
<td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right">1,445,014</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt; TEXT-ALIGN: justify">Finished goods</td>
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">6,258,891</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">6,023,427</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 2.25pt; TEXT-ALIGN: justify">&nbsp;</td>
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 2.25pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left">$</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: right">7,711,287</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 2.25pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left">$</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: right">7,468,441</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left">&nbsp;</td></tr></table></div>
<p style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; MARGIN: 0pt 0px">&nbsp;</p></div>
<p style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; MARGIN: 0pt 0px"></p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"><b></b></p>
<div data-td-statement-type="note">
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"><b>4. PROPERTY AND EQUIPMENT, NET</b></p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"><b>&nbsp;</b></p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">Property and equipment, net consisted of the following:</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<div data-td-taggable-table="">
<table style="TEXT-INDENT: 0;WIDTH: 100%; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0">

<tr style="VERTICAL-ALIGN: bottom">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify">&nbsp;</td>
<td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3" nowrap>August 31, 2016</td>
<td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3" nowrap>August 31, 2015</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; WIDTH: 74%; TEXT-ALIGN: justify">Land</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&nbsp;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">$</td>
<td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right">310,365</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&nbsp;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">$</td>
<td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right">310,365</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify">Buildings and improvements</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6,528,252</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6,180,089</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt; TEXT-ALIGN: justify">Machinery and equipment</td>
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">3,590,063</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">4,090,619</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10,428,680</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10,581,073</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt; TEXT-ALIGN: justify">Less accumulated depreciation</td>
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">(3,152,808</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">)</td>
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">(3,287,910</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">)</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 2.25pt; TEXT-ALIGN: justify">&nbsp;</td>
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 2.25pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left">$</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: right">7,275,872</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 2.25pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left">$</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: right">7,293,163</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left">&nbsp;</td></tr></table></div>
<p style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; MARGIN: 0pt 0px">&nbsp;</p></div>
<p style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; MARGIN: 0pt 0px"></p>
<p style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; MARGIN: 0pt 0px"></p>
<div style="MARGIN-BOTTOM: 6pt; BORDER-BOTTOM: black 4pt solid; MARGIN-TOP: 12pt">
<table style="TEXT-INDENT: 0;FONT-SIZE: 10pt; WIDTH: 100%; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0">

<tr style="VERTICAL-ALIGN: top; TEXT-ALIGN: left">
<td style="WIDTH: 100%; TEXT-ALIGN: center">69</td></tr></table></div>
<div style="PAGE-BREAK-BEFORE: always; MARGIN-TOP: 6pt">&nbsp;</div>
<p style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; MARGIN: 0pt 0px"></p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"><b></b></p>
<div data-td-statement-type="note">
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"><b>5. PATENTS AND TRADEMARKS, NET</b></p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"><b>&nbsp;</b></p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">Patents and trademarks, net consisted of the following:</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<div data-td-taggable-table="">
<table style="TEXT-INDENT: 0;WIDTH: 100%; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0">

<tr style="VERTICAL-ALIGN: bottom">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify">&nbsp;</td>
<td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3" nowrap>August 31, 2016</td>
<td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3" nowrap>August 31, 2015</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; WIDTH: 74%; TEXT-ALIGN: justify">Patents and trademarks</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&nbsp;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">$</td>
<td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right">2,575,435</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&nbsp;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">$</td>
<td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right">2,440,022</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt; TEXT-ALIGN: justify">Less accumulated amortization</td>
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">(1,296,838</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">)</td>
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">(1,177,803</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">)</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 2.25pt; TEXT-ALIGN: justify">&nbsp;</td>
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 2.25pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left">$</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: right">1,278,597</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 2.25pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left">$</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: right">1,262,219</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left">&nbsp;</td></tr></table></div>
<p style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">Patent and trademark costs are amortized over seven years. Costs incurred related to patents and trademarks are capitalized until filed and approved, at which time the amounts capitalized to date are amortized and any further costs, including maintenance costs, are expensed as incurred. Amortization expense was $119,032 and $87,663 for the years ended August 31, 2016 and 2015, respectively. Amortization expense is estimated to approximate $120,000 in each of the next five fiscal years.</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p></div>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"></p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"><b></b></p>
<div data-td-statement-type="note">
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"><b>6. INVESTMENTS IN JOINT VENTURES</b></p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"><b>&nbsp;</b></p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">The financial statements of the Company&#8217;s foreign joint ventures are initially prepared using the accounting principles accepted in the respective joint ventures&#8217; countries of domicile. Amounts related to foreign joint ventures reported in the below tables and the accompanying consolidated financial statements have subsequently been adjusted to conform with accounting principles generally accepted in the United States of America in all material respects. All material profits recorded on sales from the Company to its joint ventures and from joint ventures to other joint ventures have been eliminated for financial reporting purposes.</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">Financial information of the Company&#8217;s joint venture in Germany, Excor Korrosionsschutz &#8211; Technologien und Produkte GmbH (EXCOR), and all of the Company&#8217;s other joint ventures, are summarized as follows:</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<div data-td-taggable-table="">
<table style="TEXT-INDENT: 0;WIDTH: 100%; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0">

<tr style="VERTICAL-ALIGN: bottom">
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="11">As of August 31, 2016</td></tr>
<tr style="VERTICAL-ALIGN: bottom">
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3">Total</td>
<td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3">EXCOR</td>
<td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3">All Other</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; WIDTH: 61%; TEXT-ALIGN: left">Current assets</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&nbsp;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">$</td>
<td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right">48,922,924</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&nbsp;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">$</td>
<td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right">22,928,810</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&nbsp;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">$</td>
<td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right">25,994,114</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">Total assets</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">52,407,026</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">24,733,340</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">27,673,686</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">Current liabilities</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12,433,700</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,485,231</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8,948,469</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">Noncurrent liabilities</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">100,783</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#8212;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">100,783</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">Joint ventures&#8217; equity</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">39,872,543</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">21,248,109</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">18,624,434</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">Northern Technologies International Corporation&#8217;s share of joint ventures&#8217; equity</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">19,840,774</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10,624,056</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">9,216,728</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">Northern Technologies International Corporation's share of joint ventures&#8217; undistributed earnings</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">17,779,912</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10,593,151</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7,186,761</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">Northern Technologies International Corporation's dividends received from joint ventures</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,503,314</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,364,700</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,165,614</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td></tr></table></div>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<div data-td-taggable-table="">
<table style="TEXT-INDENT: 0;WIDTH: 100%; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0">

<tr style="VERTICAL-ALIGN: bottom">
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="11">Fiscal Year Ended August 31, 2016</td></tr>
<tr style="VERTICAL-ALIGN: bottom">
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3">Total</td>
<td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3">EXCOR</td>
<td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3">All Other</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; WIDTH: 61%; TEXT-ALIGN: left">Net sales</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&nbsp;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">$</td>
<td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right">90,646,833</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&nbsp;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">$</td>
<td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right">35,138,214</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&nbsp;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">$</td>
<td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right">55,508,619</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">Gross profit</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">40,440,726</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">18,635,421</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">21,805,305</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">Net income</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">9,534,771</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7,049,462</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,485,309</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">Northern Technologies International Corporation&#8217;s share of equity in income from joint ventures</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,743,831</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,534,113</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,209,718</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td></tr></table></div>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"></p>
<div style="MARGIN-BOTTOM: 6pt; BORDER-BOTTOM: black 4pt solid; MARGIN-TOP: 12pt">
<table style="TEXT-INDENT: 0;FONT-SIZE: 10pt; WIDTH: 100%; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0">

<tr style="VERTICAL-ALIGN: top; TEXT-ALIGN: left">
<td style="WIDTH: 100%; TEXT-ALIGN: center">70</td></tr></table></div>
<div style="PAGE-BREAK-BEFORE: always; MARGIN-TOP: 6pt">&nbsp;</div>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<div data-td-taggable-table="">
<table style="TEXT-INDENT: 0;WIDTH: 100%; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0">

<tr style="VERTICAL-ALIGN: bottom">
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="11">As of August 31, 2015</td></tr>
<tr style="VERTICAL-ALIGN: bottom">
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3">Total</td>
<td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3">EXCOR</td>
<td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3">All Other</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; WIDTH: 61%; TEXT-ALIGN: left">Current assets</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&nbsp;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">$</td>
<td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right">49,295,116</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&nbsp;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">$</td>
<td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right">22,620,323</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&nbsp;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">$</td>
<td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right">26,674,793</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">Total assets</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">52,853,938</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">24,606,880</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">28,247,058</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">Current liabilities</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12,288,383</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,360,142</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8,928,241</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">Noncurrent liabilities</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,215,139</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#8212;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,215,139</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">Joint ventures&#8217; equity</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">39,350,417</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">21,246,738</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">18,103,679</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">Northern Technologies International Corporation&#8217;s share of joint ventures&#8217; equity</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">20,544,238</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11,571,361</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8,972,877</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">Northern Technologies International Corporation's share of joint ventures&#8217; undistributed earnings</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">18,483,377</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11,540,456</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6,942,921</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">Northern Technologies International Corporation's dividends received from joint ventures</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,983,338</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,440,200</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">543,138</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td></tr></table></div>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<div data-td-taggable-table="">
<table style="TEXT-INDENT: 0;WIDTH: 100%; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0">

<tr style="VERTICAL-ALIGN: bottom">
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="11">Fiscal Year Ended August 31, 2015</td></tr>
<tr style="VERTICAL-ALIGN: bottom">
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3">Total</td>
<td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3">EXCOR</td>
<td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3">All Other</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; WIDTH: 61%; TEXT-ALIGN: left">Net sales</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&nbsp;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">$</td>
<td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right">99,026,251</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&nbsp;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">$</td>
<td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right">36,872,664</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&nbsp;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">$</td>
<td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right">62,153,587</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">Gross profit</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">48,397,318</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">19,993,763</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">28,403,555</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">Net income</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11,849,107</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8,201,659</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,647,448</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">Northern Technologies International Corporation&#8217;s share of equity in income from joint ventures</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,936,565</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,091,608</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,844,957</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td></tr></table></div>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">On January 2, 2015, the Company announced that, effective as of December 31, 2014, the Company terminated its joint venture agreements with its previous joint venture in China, Tianjin Zerust, and began the process of liquidating the joint venture entity. Since December 31, 2014, the Company has conducted business in China through a wholly-owned subsidiary, NTIC (Shanghai) Co. Ltd. As of December 31, 2014, the Company started recognizing Tianjin Zerust based on its carrying value instead of the equity method since the Company no longer expects to significantly affect the joint venture&#8217;s operations or decision making. See Note 7.</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">The Company records expenses that are directly attributable to its joint ventures on its consolidated statements of operations in the line item &#8220;Expenses incurred in support of joint ventures.&#8221; The expenses include items such as employee compensation and benefit expenses, travel expense and consulting expense. See note 16 regarding ongoing litigation involving Tianjin Zerust.</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">The Company did not make any joint venture investments during fiscal 2016 or fiscal 2015.</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">On November 30, 2013, the Company agreed to sell its indirect ownership interest in M&#252;tec GmbH (M&#252;tec), the Company&#8217;s former joint venture in Germany which manufactures proprietary electronic sensing instruments. In connection with the transaction, the owner of M&#252;tec borrowed $168,000 from the Company to be repaid over four years with no interest. As of August 31, 2016 and 2015, $92,874 and $125,891 was due to the Company related to this transaction, respectively.</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p></div>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"></p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"><b></b></p>
<div data-td-statement-type="note">
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"><b>7. CHINA OPERATIONS</b></p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">Effective December 31, 2014, the Company terminated its joint venture agreements with its previous joint venture in China, Tianjin Zerust, began the process of liquidating the joint venture entity, and commenced operations in China through a wholly-owned subsidiary, NTIC (Shanghai) Co. Ltd. on January 1, 2015. Effective December 31, 2014, the Company&#8217;s investment in Tianjin Zerust is reported at carrying value based on the Company&#8217;s decreased level of influence over the entity, and the Company has reclassified previously unrecognized gains on foreign currency translation from accumulated other comprehensive income. Any declines in the fair value are reflected as adjustments to the carrying value.</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Since it began the process of liquidating the joint venture
entity on December 31, 2014, the Company has not received any proceeds from the assets of Tianjin Zerust. In addition, the Company
has not received financial information or cooperation from its joint venture partner in determining the investment value for the
year ended August 31, 2016. During the fourth quarter of fiscal 2016, the Company obtained additional information regarding the
financial position of the investment through the legal proceedings that have been ongoing (See Note 16). These circumstances have
resulted in the Company concluding an indication of impairment exists and that the fair value of the investment is $0 based on
accounting principles generally accepted in the United States of America.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>





<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"></p>
<div style="MARGIN-BOTTOM: 6pt; BORDER-BOTTOM: black 4pt solid; MARGIN-TOP: 12pt">
<table style="TEXT-INDENT: 0;FONT-SIZE: 10pt; WIDTH: 100%; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0">

<tr style="VERTICAL-ALIGN: top; TEXT-ALIGN: left">
<td style="WIDTH: 100%; TEXT-ALIGN: center">71</td></tr></table></div>
<div style="PAGE-BREAK-BEFORE: always; MARGIN-TOP: 6pt">&nbsp;</div>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">The investment in Tianjin Zerust is as follows:</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<div data-td-taggable-table="">
<table style="TEXT-INDENT: 0;WIDTH: 100%; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0">

<tr style="VERTICAL-ALIGN: bottom">
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3">Investment</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; WIDTH: 87%">Equity method investment &#8211; August 31, 2015</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&nbsp;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">$</td>
<td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right">2,243,524</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">Equity in earnings &#8211; fiscal year 2016</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">132,824</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt; TEXT-ALIGN: left">Reclassification of translation gains on foreign currency translation</td>
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt; TEXT-ALIGN: right">(492,680</td>
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt; TEXT-ALIGN: left">)</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt; TEXT-ALIGN: left">Recording the impairment of the cost basis investment</td>
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">(1,883,668</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">)</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 2.25pt">Investment at carrying value &#8211; August 31, 2016</td>
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 2.25pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left">$</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: right">-</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left">&nbsp;</td></tr></table></div>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">See Note 16 regarding ongoing litigation involving Tianjin Zerust.</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p></div>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"></p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"><b></b></p>
<div data-td-statement-type="note">
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"><b>8. CORPORATE DEBT</b></p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The Company has a revolving line of credit with PNC Bank of
$3,000,000. No amounts were outstanding under the line of credit as of both August 31, 2016 and 2015. At the option of the Company,
outstanding advances under the line of credit bear interest at either (a) an annual rate based on LIBOR plus 2.15% for the applicable
LIBOR interest period selected by the Company or (b) at the rate publicly announced by PNC Bank from time to time as its prime
rate. The line of credit matures on January 7, 2017.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>


<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">The line of credit is subject to standard covenants, including affirmative financial covenants, such as the maintenance of a minimum fixed charge coverage ratio, and negative covenants, which, among other things, limit the incurrence of additional indebtedness, loans and equity investments, disposition of assets, mergers and consolidations and other matters customarily restricted in such agreements. Under the loan agreement, the Company is subject to a minimum fixed charge coverage ratio of 1.10:1.00. As of August 31, 2016, the Company was in compliance with all debt covenants.</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">The revolving credit facility allows the Company to request that PNC Bank issue letters of credit up to $1,200,000. The Company did not have any letters of credit reserved against the available letters of credit balance as of August 31, 2016 and 2015 with PNC Bank. The availability of advances under the line of credit will be reduced by the face amount of any letter of credit issued and outstanding (whether or not drawn) under the revolving credit facility.&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">As of August 31, 2016, the Company had $71,599 of letters of credit with JP Morgan Chase Bank that are performance based and set to expire between 2020 and 2022.</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p></div>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"></p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"><b></b></p>
<div data-td-statement-type="note">
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"><b>9. STOCKHOLDERS&#8217; EQUITY</b></p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">On January 15, 2015, the Company&#8217;s Board of Directors authorized the repurchase of up to $3,000,000 in shares of common stock through open market purchases or unsolicited or solicited privately negotiated transactions. This program has no expiration date but may be terminated by the Company&#8217;s Board of Directors at any time. As of August 31, 2016, up to $2,836,656 in shares of common stock remained available for repurchase under the stock repurchase program. During fiscal 2016, the Company repurchased and retired 11,211 shares of its common stock at an average price of $12.40 per share. No stock options to purchase shares of common stock were exercised during fiscal 2016.</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"></p>
<div style="MARGIN-BOTTOM: 6pt; BORDER-BOTTOM: black 4pt solid; MARGIN-TOP: 12pt">
<table style="TEXT-INDENT: 0;FONT-SIZE: 10pt; WIDTH: 100%; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0">

<tr style="VERTICAL-ALIGN: top; TEXT-ALIGN: left">
<td style="WIDTH: 100%; TEXT-ALIGN: center">72</td></tr></table></div>
<div style="PAGE-BREAK-BEFORE: always; MARGIN-TOP: 6pt">&nbsp;</div>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">The Company granted stock options under the Northern Technologies International Corporation Amended and Restated 2007 Stock Incentive Plan (the 2007 Plan) to purchase an aggregate of 53,447 shares of its common stock to various employees and directors during fiscal 2016. The weighted average per share exercise price of the stock options is $14.85, which was equal to the fair market value of the Company&#8217;s common stock on the date of grant.</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">No stock options to purchase shares of common stock were exercised during fiscal 2016.</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">The following stock options to purchase shares of common stock were exercised during fiscal 2015:</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<div data-td-taggable-table="">
<table style="TEXT-INDENT: 0;WIDTH: 50%; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0">

<tr style="VERTICAL-ALIGN: bottom">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center">Options <br>Exercised</td>
<td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3">Exercise <br>Price</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; WIDTH: 48%; TEXT-ALIGN: center">18,000</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&nbsp;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">$</td>
<td style="FONT-SIZE: 10pt; WIDTH: 47%; TEXT-ALIGN: right">9.76</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: center">18,000</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7.65</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: center">2,333</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10.20</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td></tr></table></div>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">The total intrinsic value of the options exercised during fiscal 2015 was $297,696.</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">The Company granted stock options under the Northern Technologies International Corporation Amended and Restated 2007 Stock Incentive Plan (the 2007 Plan) to purchase an aggregate of 45,067 shares of its common stock to various employees and directors during fiscal 2015. The weighted average per share exercise price of the stock options is $20.10, which was equal to the fair market value of the Company&#8217;s common stock on the date of grant.</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p></div>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"></p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"><b></b></p>
<div data-td-statement-type="note">
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"><b>10. NET INCOME (LOSS) PER COMMON SHARE </b></p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">Basic net income (loss) per common share is computed by dividing net income (loss) by the weighted average number of common shares outstanding. Diluted net income (loss) per share assumes the exercise of stock options using the treasury stock method, if dilutive.</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">Options to purchase shares of common stock of 45,067 were excluded from the computation of common share equivalents for fiscal 2015, as the exercise prices of such options were greater than market price of a share of common stock.</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">The following is a reconciliation of the earnings per share computation:</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<div data-td-taggable-table="">
<table style="TEXT-INDENT: 0;WIDTH: 100%; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0">

<tr style="VERTICAL-ALIGN: bottom">
<td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt; TEXT-ALIGN: justify">Numerator:</td>
<td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3" nowrap>August 31, 2016</td>
<td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3" nowrap>August 31, 2015</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; WIDTH: 74%; TEXT-ALIGN: justify">Net (loss) income attributable to NTIC</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&nbsp;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">$</td>
<td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right">(867,514</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">)</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&nbsp;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">$</td>
<td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right">1,789,571</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; TEXT-ALIGN: justify">Denominator:</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify">Basic-weighted shares outstanding</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,537,504</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,521,788</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt; TEXT-ALIGN: justify">Weighted shares assumed upon exercise of stock options</td>
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">0</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">127,272</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 2.25pt; TEXT-ALIGN: justify">Diluted &#8211; weighted shares outstanding</td>
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 2.25pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: right">4,537,504</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 2.25pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: right">4,649,060</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify">Basic income (loss) earnings per share:</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">(0.19</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">)</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">0.40</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify">Diluted income (loss) earnings per share:</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">(0.19</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">)</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">0.38</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td></tr></table></div>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">The dilutive impact summarized above relates to the periods when the average market price of Company stock exceeded the exercise price of the potentially dilutive option securities granted. Earnings per common share were based on the weighted average number of common shares outstanding during the periods when computing the basic earnings per share. When dilutive, stock options are included as equivalents using the treasury stock market method when computing the diluted earnings per share. 170,887 of shares of common stock were excluded because the effect was anti-dilutive due to the Company&#8217;s net loss for fiscal 2016.</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"><b>&nbsp;</b></p></div>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"><b></b></p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"><b></b></p>
<div style="MARGIN-BOTTOM: 6pt; BORDER-BOTTOM: black 4pt solid; MARGIN-TOP: 12pt">
<table style="TEXT-INDENT: 0;FONT-SIZE: 10pt; WIDTH: 100%; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0">

<tr style="VERTICAL-ALIGN: top; TEXT-ALIGN: left">
<td style="WIDTH: 100%; TEXT-ALIGN: center">73</td></tr></table></div>
<div style="PAGE-BREAK-BEFORE: always; MARGIN-TOP: 6pt">&nbsp;</div>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"><b></b></p>
<div data-td-statement-type="note">
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"><b>11. STOCK-BASED COMPENSATION</b></p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">The Company has two stock-based compensation plans under which stock options and other stock-based awards have been granted, the Northern Technologies International Corporation Amended and Restated 2007 Stock Incentive Plan (the 2007 Plan) and the Northern Technologies International Corporation Employee Stock Purchase Plan (the ESPP). The Compensation Committee of the Board of Directors and the Board of Directors administer these plans.</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">The 2007 Plan provides for the grant of incentive stock options, non-statutory stock options, stock appreciation rights, restricted stock, stock unit awards, performance awards and stock bonuses to eligible recipients to enable the Company and its subsidiaries to attract and retain qualified individuals through opportunities for equity participation in the Company, and to reward those individuals who contribute to the achievement of the Company&#8217;s economic objectives. Subject to adjustment as provided in the 2007 Plan, up to a maximum of 800,000 shares of the Company&#8217;s common stock are issuable under the 2007 Plan. Options granted under the 2007 Plan generally have a term of ten years and become exercisable over a three- or four-year period beginning on the one-year anniversary of the date of grant. Options are granted at per share exercise prices equal to the market value of the Company&#8217;s common stock on the date of grant. The Company issues new shares upon the exercise of options. As of August 31, 2016, only stock options and stock bonuses had been granted under the 2007 Plan.</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">The maximum number of shares of common stock of the Company available for issuance under the ESPP is 100,000 shares, subject to adjustment as provided in the ESPP. The ESPP provides for six-month offering periods beginning on September 1 and March 1 of each year. The purchase price of the shares is 90% of the lower of the fair market value of common stock at the beginning or end of the offering period. This discount may not exceed the maximum discount rate permitted for plans of this type under Section 423 of the Internal Revenue Code of 1986, as amended. The ESPP is compensatory for financial reporting purposes. The Company issued 2,438 and 3,206 shares of common stock on September 1, 2015 and 2014, respectively, under the ESPP. The Company issued 3,144 shares on March 1, 2016 under the ESPP.</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">The fair value of option grants is determined at date of grant, using the Black-Scholes option pricing model with the assumptions listed below.&nbsp; The volatility factor used in the Black-Scholes option pricing model is based on historical stock price fluctuations and the risk-free interest rate is based on U.S. treasury rates appropriate for the expected term. Dividend yield and expected volatility are estimated using historical amounts that are anticipated to be consistent with current values. Expected life of the option is based on the life of the option agreements. Based on these valuations, the Company recognized compensation expense of $427,437 and $495,683 during fiscal 2016 and fiscal 2015, respectively, related to the options that vested during such time period. As of August&nbsp;31, 2016, the total compensation cost for non-vested options not yet recognized in the Company&#8217;s consolidated statements of operations was $239,400. Stock-based compensation expense of $159,600 and $79,800 is expected to be recognized during fiscal 2017 and 2018, based on outstanding options as of August 31, 2016. Future option grants will impact the compensation expense recognized. Stock-based compensation expense is included in general and administrative expense on the consolidated statements of operations.</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">The Company currently estimates a ten percent forfeiture rate for stock options, and continually reviews this estimate in future periods.</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">The fair value of each option grant is estimated on the grant date using the Black-Scholes option-pricing model with the following assumptions and results for the grants:</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<div data-td-taggable-table="">
<table style="TEXT-INDENT: 0;WIDTH: 100%; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0">

<tr style="VERTICAL-ALIGN: bottom">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify">&nbsp;</td>
<td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3" nowrap>August 31, 2016</td>
<td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3" nowrap>August 31, 2015</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; WIDTH: 74%; TEXT-ALIGN: justify">Dividend yield</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&nbsp;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right">0.00</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">%</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&nbsp;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right">0.00</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">%</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify">Expected volatility</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">46.0</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">%</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">46.6</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">%</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify">Expected life of option (years)</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify">Weighted average risk-free interest rate</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1.63</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">%</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1.63</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">%</td></tr></table></div>
<p style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; MARGIN: 0pt 0px"></p>
<div style="MARGIN-BOTTOM: 6pt; BORDER-BOTTOM: black 4pt solid; MARGIN-TOP: 12pt">
<table style="TEXT-INDENT: 0;FONT-SIZE: 10pt; WIDTH: 100%; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0">

<tr style="VERTICAL-ALIGN: top; TEXT-ALIGN: left">
<td style="WIDTH: 100%; TEXT-ALIGN: center">74</td></tr></table></div>
<div style="PAGE-BREAK-BEFORE: always; MARGIN-TOP: 6pt">&nbsp;</div>
<p style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; MARGIN: 0pt 0px"></p>
<p style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; MARGIN: 0pt 0px">Stock option activity during the periods indicated is as follows:</p>
<p style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; MARGIN: 0pt 0px">&nbsp;</p>
<div data-td-taggable-table="">
<table style="TEXT-INDENT: 0;WIDTH: 100%; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0">

<tr style="VERTICAL-ALIGN: bottom">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify">&nbsp;</td>
<td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3">Number of <br>Shares (#)</td>
<td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3">Weighted Average Exercise Price</td>
<td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3">Aggregate <br>Intrinsic Value</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; WIDTH: 61%; TEXT-ALIGN: justify">Outstanding at August 31, 2014</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&nbsp;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right">239,000</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&nbsp;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">$</td>
<td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right">11.66</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&nbsp;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right">&nbsp;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; TEXT-INDENT: 10pt">Options granted</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">45,067</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">20.10</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; TEXT-INDENT: 10pt">Options exercised</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">(38,333</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">)</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">9.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt; TEXT-ALIGN: justify; TEXT-INDENT: 10pt">Options terminated</td>
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">(4,000</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">)</td>
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">10.20</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt; TEXT-ALIGN: right">&nbsp;</td>
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify">Outstanding at August 31, 2015</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">241,734</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">13.72</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; TEXT-INDENT: 10pt">Options granted</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">53,447</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">14.85</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; TEXT-INDENT: 10pt">Options exercised</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">0</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">0.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt; TEXT-ALIGN: justify; TEXT-INDENT: 10pt">Options terminated</td>
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">(12,000</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">)</td>
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">13.38</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt; TEXT-ALIGN: right">&nbsp;</td>
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify">Outstanding at August 31, 2016</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">283,181</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">13.95</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">392,370</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify">Exercisable at August 31, 2016</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">188,600</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">13.45</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">336,683</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td></tr></table></div>
<p style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; MARGIN: 0pt 0px">The weighted average per share fair value of options granted during fiscal 2016 and fiscal 2015 was $8.48 and $11.58, respectively. The weighted average remaining contractual life of the total options and exercisable options outstanding as of August 31, 2016 was 6.46 years and 5.60 years, respectively.</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"><b>&nbsp;</b></p></div>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"><b></b></p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"><b></b></p>
<div data-td-statement-type="note">
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"><b>12. SEGMENT AND GEOGRAPHIC INFORMATION</b></p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"><i>Segment Information</i></p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The Company&#8217;s chief operating decision maker (CODM) is
its Chief Executive Officer. The Company&#8217;s business is organized into two reportable segments: ZERUST<sup>&#174;</sup> and
Natur-Tec<sup>&#174;</sup>. The Company has been selling its proprietary ZERUST<sup>&#174;</sup> rust and corrosion inhibiting products
and services to the automotive, electronics, electrical, mechanical, military and retail consumer markets for over 40 years, and
more recently, has targeted and expanded into the oil and gas industry. The Company also sells a portfolio of bio-based and compostable
(fully biodegradable) polymer resin compounds and finished products under the Natur-Tec<sup>&#174;</sup> brand.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>



<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">The following tables present the Company&#8217;s business segment information in fiscal 2016 and fiscal 2015:</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<div data-td-taggable-table="">
<table style="TEXT-INDENT: 0;WIDTH: 100%; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0">

<tr style="VERTICAL-ALIGN: bottom">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify">&nbsp;</td>
<td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3" nowrap>Fiscal 2016</td>
<td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3" nowrap>Fiscal 2015</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; WIDTH: 74%; TEXT-ALIGN: justify"><font style="FONT-SIZE: 10pt">ZERUST<sup style="vertical-align: baseline; position: relative; bottom:.33em;">&#174;</sup> net sales</font></td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&nbsp;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">$</td>
<td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right">27,577,566</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&nbsp;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">$</td>
<td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right">26,042,909</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt; TEXT-ALIGN: justify"><font style="FONT-SIZE: 10pt">Natur-Tec<sup style="vertical-align: baseline; position: relative; bottom:.33em;">&#174;</sup> net sales</font></td>
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">5,355,999</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">4,279,784</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; TEXT-INDENT: 10pt">Total net sales</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">32,933,565</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">30,322,693</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td></tr></table></div>
<p style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; MARGIN: 0pt 0px"><i>&nbsp;</i></p>
<p style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; MARGIN: 0pt 0px">The following table sets forth the Company&#8217;s cost of goods sold for fiscal 2016 and fiscal 2015 by segment:</p>
<p style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; MARGIN: 0pt 0px">&nbsp;</p>
<div data-td-taggable-table="">
<table style="TEXT-INDENT: 0;WIDTH: 100%; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0">

<tr style="VERTICAL-ALIGN: bottom">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify">&nbsp;</td>
<td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3" nowrap>Fiscal 2016</td>
<td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3" nowrap>Fiscal 2015</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify">Direct cost of goods sold</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; WIDTH: 74%; TEXT-ALIGN: justify; TEXT-INDENT: 10pt"><font style="FONT-SIZE: 10pt">ZERUST<sup style="vertical-align: baseline; position: relative; bottom:.33em;">&#174;</sup></font></td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&nbsp;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">$</td>
<td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right">15,588,133</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&nbsp;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">$</td>
<td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right">14,399,456</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; TEXT-INDENT: 10pt"><font style="FONT-SIZE: 10pt">Natur-Tec<sup style="vertical-align: baseline; position: relative; bottom:.33em;">&#174;</sup></font></td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,076,249</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,232,353</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt; TEXT-ALIGN: justify">Indirect cost of goods sold</td>
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">2,655,774</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">2,924,124</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; TEXT-INDENT: 20pt">Total net cost of goods sold</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">22,320,156</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">20,555,932</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td></tr></table></div>
<p style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; MARGIN: 0pt 0px"></p>
<div style="MARGIN-BOTTOM: 6pt; BORDER-BOTTOM: black 4pt solid; MARGIN-TOP: 12pt">
<table style="TEXT-INDENT: 0;FONT-SIZE: 10pt; WIDTH: 100%; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0">

<tr style="VERTICAL-ALIGN: top; TEXT-ALIGN: left">
<td style="WIDTH: 100%; TEXT-ALIGN: center">75</td></tr></table></div>
<div style="PAGE-BREAK-BEFORE: always; MARGIN-TOP: 6pt">&nbsp;</div>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">The Company utilizes product net sales and direct and indirect cost of goods sold for each product in reviewing the financial performance of a product type. Further allocation of Company expenses or assets, aside from amounts presented in the tables above, is not utilized in evaluating product performance, nor does such allocation occur for internal financial reporting.</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">Sales to the Company&#8217;s joint ventures are included in the foregoing geographic and segment information, however, sales by the Company&#8217;s joint ventures to other parties are not included. The foregoing geographic and segment information represents only sales and cost of goods sold recognized directly by the Company.</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">All joint venture operations including equity in income, fees for services and related dividends are related to Zerust products and services.</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"><i>Geographic Information</i></p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">Net sales by geographic location were as follows:</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<div data-td-taggable-table="">
<table style="TEXT-INDENT: 0;WIDTH: 100%; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0">

<tr style="VERTICAL-ALIGN: bottom">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify">&nbsp;</td>
<td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="7" nowrap>Fiscal Year Ended August 31,</td></tr>
<tr style="VERTICAL-ALIGN: bottom">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify">&nbsp;</td>
<td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3">2016</td>
<td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3">2015</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; WIDTH: 74%; TEXT-ALIGN: left">Inside the U.S.A. to unaffiliated customers</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&nbsp;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">$</td>
<td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right">20,304,480</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&nbsp;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">$</td>
<td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right">19,329,979</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">Outside the U.S.A. to:</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left; TEXT-INDENT: 10pt">Joint ventures in which the Company is a shareholder directly and indirectly</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,721,905</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,831,301</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt; TEXT-ALIGN: left; TEXT-INDENT: 11pt">Unaffiliated customers</td>
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">9,907,180</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">8,161,413</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 2.25pt; TEXT-ALIGN: justify">&nbsp;</td>
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 2.25pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left">$</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: right">32,933,565</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 2.25pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left">$</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: right">30,322,693</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left">&nbsp;</td></tr></table></div>
<p style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">Net sales by geographic location are based on the location of the customer.</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">Fees for services provided to joint ventures by geographic location as a percentage of total fees for services provided to joint ventures during fiscal 2016 and fiscal 2015, respectively, were as follows:</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<div data-td-taggable-table="">
<table style="TEXT-INDENT: 0;WIDTH: 100%; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0">

<tr style="VERTICAL-ALIGN: bottom">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify">&nbsp;</td>
<td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3" nowrap>Fiscal 2016</td>
<td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3" nowrap>Fiscal 2015</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; WIDTH: 74%; TEXT-ALIGN: justify">Germany</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&nbsp;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">$</td>
<td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right">845,857</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&nbsp;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">$</td>
<td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right">873,400</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify">Japan</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">646,015</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">599,108</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify">Poland</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">599,391</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">600,255</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify">Thailand</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">537,212</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">554,881</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify">United Kingdom</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">386,761</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">396,514</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify">Korea</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">352,393</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">192,539</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify">France</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">329,805</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">412,608</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify">India</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">300,506</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">277,548</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify">Sweden</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">265,745</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">323,610</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify">Finland</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">252,578</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">281,620</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify">Czech</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">237,062</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">229,185</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify">China</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">0</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">494,080</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt; TEXT-ALIGN: justify">Other</td>
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">384,385</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">480,143</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,137,710</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,715,491</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td></tr></table></div>
<p style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"></p>
<div style="MARGIN-BOTTOM: 6pt; BORDER-BOTTOM: black 4pt solid; MARGIN-TOP: 12pt">
<table style="TEXT-INDENT: 0;FONT-SIZE: 10pt; WIDTH: 100%; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0">

<tr style="VERTICAL-ALIGN: top; TEXT-ALIGN: left">
<td style="WIDTH: 100%; TEXT-ALIGN: center">76</td></tr></table></div>
<div style="PAGE-BREAK-BEFORE: always; MARGIN-TOP: 6pt">&nbsp;</div>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">Sales to the Company&#8217;s joint ventures are included in the foregoing segment and geographic information; however, sales by the Company&#8217;s joint ventures to other parties are not included. The foregoing segment and geographic information represents only sales and cost of goods sold recognized directly by the Company.</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">See Note 6 for additional details on geographical information regarding equity in income from joint ventures.</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">The geographical distribution of key financial statement data is as follows:</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<div data-td-taggable-table="">
<table style="TEXT-INDENT: 0;WIDTH: 100%; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0">

<tr style="VERTICAL-ALIGN: bottom">
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3" nowrap>At August 31, 2016</td>
<td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3" nowrap>At August 31, 2015</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; WIDTH: 74%; TEXT-ALIGN: justify">China</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&nbsp;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">$</td>
<td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right">253,931</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&nbsp;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">$</td>
<td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right">45,220</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify">Brazil</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">66,938</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">46,918</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify">India</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">13,645</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">16,402</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt; TEXT-ALIGN: justify">United States</td>
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">8,219,955</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">8,446,842</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 2.25pt; TEXT-ALIGN: justify; TEXT-INDENT: 10pt">Total long-lived assets</td>
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 2.25pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left">$</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: right">8,554,469</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 2.25pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left">$</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: right">8,555,382</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left">&nbsp;</td></tr></table></div>
<p style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; MARGIN: 0pt 0px">&nbsp;</p>
<div data-td-taggable-table="">
<table style="TEXT-INDENT: 0;WIDTH: 100%; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0">

<tr style="VERTICAL-ALIGN: bottom">
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3">Fiscal Year Ended August 31, 2016</td>
<td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3">Fiscal Year Ended August 31, 2015</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; WIDTH: 74%; TEXT-ALIGN: justify">China</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&nbsp;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">$</td>
<td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right">4,114,288</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&nbsp;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">$</td>
<td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right">1,070,422</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify">Brazil</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,172,297</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,623,938</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify">India</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,104,947</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">967,241</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify">Other</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,237,553</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6,331,113</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt; TEXT-ALIGN: justify">United States</td>
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">20,304,480</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">19,329,979</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 2.25pt; TEXT-ALIGN: justify; TEXT-INDENT: 10pt">Total net sales</td>
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 2.25pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left">$</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: right">32,933,565</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 2.25pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left">$</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: right">30,322,693</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left">&nbsp;</td></tr></table></div>
<p style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">Total long-lived assets located in China, Brazil and India primarily consist of property, plant and equipment. These assets are periodically reviewed to assure the net realizable value from the estimated future production based on forecasted sales exceeds the carrying value of the assets.</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"><b>&nbsp;</b></p></div>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"><b></b></p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"><b></b></p>
<div data-td-statement-type="note">
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"><b>13. RETIREMENT PLAN </b></p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">The Company has a 401(k) employee savings plan. Employees who meet certain age and service requirements may elect to contribute up to 15% of their salaries. The Company typically contributes the lesser of 50% of the participant&#8217;s contributions or 3.5% of the employee&#8217;s salary. The Company recognized expense for the savings plan of $215,785 and $214,008 for fiscal 2016 and fiscal 2015, respectively.</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p></div>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"></p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"><b></b></p>
<div data-td-statement-type="note">
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"><b>14. RELATED PARTY TRANSACTIONS</b></p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">During fiscal 2016 and fiscal 2015, the Company made consulting payments of $100,000 per year to Bioplastic Polymers LLC, an entity owned by Ramani Narayan, Ph.D., a director of the Company, and paid royalties of $31,463 and $21,327, respectively, based on net sales of the Company&#8217;s bioplastics products.</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p></div>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"></p>

<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"></p>
<div style="MARGIN-BOTTOM: 6pt; BORDER-BOTTOM: black 4pt solid; MARGIN-TOP: 12pt">
<table style="TEXT-INDENT: 0;FONT-SIZE: 10pt; WIDTH: 100%; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0">

<tr style="VERTICAL-ALIGN: top; TEXT-ALIGN: left">
<td style="WIDTH: 100%; TEXT-ALIGN: center">77</td></tr></table></div>
<div style="PAGE-BREAK-BEFORE: always; MARGIN-TOP: 6pt">&nbsp;</div>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"></p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</P>

<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"><b></b></p>
<div data-td-statement-type="note">
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"><b>15. INCOME TAXES</b></p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">The provision for income taxes for the fiscal years ended August&nbsp;31, 2016 and
2015 consists of the following:</P>

<P STYLE="font-size: 10pt; margin: 0pt 0px">&nbsp;</p>
<div data-td-taggable-table="">
<table style="TEXT-INDENT: 0;WIDTH: 100%; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0">

<tr style="VERTICAL-ALIGN: bottom">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify">&nbsp;</td>
<td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="7">Fiscal Year Ended August 31,</td></tr>
<tr style="VERTICAL-ALIGN: bottom">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify">&nbsp;</td>
<td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3">2016</td>
<td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3">2015</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify">Current:</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify" colspan="3">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify" colspan="3">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify">Federal</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#8212;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#8212;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; WIDTH: 74%; TEXT-ALIGN: justify; TEXT-INDENT: 11pt">State</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&nbsp;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right">20,000</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&nbsp;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right">(37,000</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">)</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt; TEXT-ALIGN: justify; TEXT-INDENT: 11pt">Foreign</td>
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">647,000</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">542,000</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">667,000</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">505,000</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify">Deferred:</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; TEXT-INDENT: 11pt">Federal</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6,000</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">87,000</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; TEXT-INDENT: 11pt">State</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#8212;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,000</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt; TEXT-ALIGN: justify; TEXT-INDENT: 11pt">Foreign</td>
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">(47,000</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">)</td>
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">52,000</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt; TEXT-ALIGN: justify">&nbsp;</td>
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">(41,000</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">)</td>
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">144,000</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 2.25pt; TEXT-ALIGN: justify">&nbsp;</td>
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 2.25pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left">$</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: right">626,000</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 2.25pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left">$</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: right">649,000</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left">&nbsp;</td></tr></table></div>
<p style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; MARGIN: 0pt 0px"></p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">Reconciliations of the expected federal income tax at the statutory rate with the provisions for income taxes for the fiscal years ended August 31, 2016 and 2015 are as follows:</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<div data-td-taggable-table="">
<table style="TEXT-INDENT: 0;WIDTH: 100%; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0">

<tr style="VERTICAL-ALIGN: bottom">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify">&nbsp;</td>
<td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="7" nowrap>Fiscal Year Ended August 31,</td></tr>
<tr style="VERTICAL-ALIGN: bottom">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify">&nbsp;</td>
<td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3">2016</td>
<td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3">2015</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; WIDTH: 74%; TEXT-ALIGN: left">Tax computed at statutory rates</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&nbsp;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">$</td>
<td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right">(195,000</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">)</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&nbsp;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">$</td>
<td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right">1,076,000</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">State income tax, net of federal benefit</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">20,000</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">(32,000</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">)</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<TD STYLE="font-size: 10pt; text-align: left; padding-left: 10pt; text-indent: -10pt">Tax effect on equity in (income) loss of international joint ventures</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">(956,000</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">)</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">(1,986,000</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">)</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<TD STYLE="font-size: 10pt; text-align: left; padding-left: 10pt; text-indent: -10pt">Tax effect on dividends received from joint ventures and investment at carrying value</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,681,000</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,470,000</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">Tax effect of foreign operations</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">997,000</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">996,000</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">Foreign tax credit</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">(3,178,000</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">)</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">(1,937,000</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">)</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">Research and development credit</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">(408,000</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">)</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">(314,000</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">)</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">Valuation allowance</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,620,000</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,379,000</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">Stock based compensation</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">90,000</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">99,000</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">Non-controlling interest</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">(148,000</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">)</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">(204,000</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">)</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">Other</td>
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">103,000</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">102,000</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 2.25pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 2.25pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left">$</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: right">626,000</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 2.25pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left">$</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: right">649,000</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left">&nbsp;</td></tr></table></div>
<p style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; MARGIN: 0pt 0px 0pt 0.25in; TEXT-INDENT: -0.25in">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">The Company has not provided U.S. income taxes or foreign withholding taxes with respect to its portion of the cumulative undistributed earnings of foreign joint ventures that are essentially permanent in duration. The Company&#8217;s portion of the cumulative undistributed earnings of foreign joint ventures that are essentially permanent in duration were $17,779,912 and $18,483,377 at August 31, 2016 and 2015, respectively.&nbsp; During fiscal 2016, the Company recorded deferred income tax expense of $32,000 representing foreign withholding taxes to be paid with respect to the portion of the cumulative undistributed earnings of foreign joint ventures that it determined were not essentially permanent in duration. If some or all of the undistributed earnings of the joint ventures are remitted to the Company in the future, income taxes, if any, after the application of foreign tax credits will be provided at that time. To the extent undistributed earnings of the Company&#8217;s joint ventures are distributed in the future, it is not expected to result in any material additional U.S. income tax liability after the application of foreign tax credits.</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"></p>
<div style="MARGIN-BOTTOM: 6pt; BORDER-BOTTOM: black 4pt solid; MARGIN-TOP: 12pt">
<table style="TEXT-INDENT: 0;FONT-SIZE: 10pt; WIDTH: 100%; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0">

<tr style="VERTICAL-ALIGN: top; TEXT-ALIGN: left">
<td style="WIDTH: 100%; TEXT-ALIGN: center">78</td></tr></table></div>
<div style="PAGE-BREAK-BEFORE: always; MARGIN-TOP: 6pt">&nbsp;</div>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">The tax effect of the temporary differences and tax carryforwards comprising the net deferred taxes shown on the consolidated balance sheets at August&nbsp;31, 2016 and 2015 are as follows:</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<div data-td-taggable-table="">
<table style="TEXT-INDENT: 0;WIDTH: 100%; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0">

<tr style="VERTICAL-ALIGN: bottom">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify">&nbsp;</td>
<td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="7">August 31,</td></tr>
<tr style="VERTICAL-ALIGN: bottom">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify">&nbsp;</td>
<td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3">2016</td>
<td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3">2015</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; WIDTH: 74%; TEXT-ALIGN: left">Accrued compensation</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&nbsp;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">$</td>
<td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right">150,600</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&nbsp;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">$</td>
<td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right">237,700</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">Inventory costs</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">95,300</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">81,200</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">Accrued joint venture expenses</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">54,200</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">93,200</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">Other accrued expenses</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">87,000</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">53,800</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">Goodwill and other intangible assets</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,332,000</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,123,200</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">Stock-based compensation</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">210,600</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">308,900</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">Foreign tax credit carryforward</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,679,000</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,654,800</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt; TEXT-ALIGN: left">Other credit and loss carryforwards</td>
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">3,214,300</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">2,262,000</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left; TEXT-INDENT: 10pt">Total deferred tax assets</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10,823,000</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8,814,800</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt; TEXT-ALIGN: left">Valuation allowance</td>
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">(8,893,300</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">)</td>
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">(6,889,900</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">)</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left; TEXT-INDENT: 10pt">Total deferred tax assets after valuation allowance</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,929,700</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,924,900</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">Property and equipment</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">(215,600</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">)</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">(204,000</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">)</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">Other</td>
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">(74,300</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">)</td>
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">(120,800</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">)</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left; TEXT-INDENT: 10pt">Total deferred tax liabilities</td>
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">(289,900</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">)</td>
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">(324,800</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">)</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 2.25pt; TEXT-ALIGN: left">Net deferred tax assets</td>
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 2.25pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left">$</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: right">1,639,800</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 2.25pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left">$</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: right">1,600,100</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left">&nbsp;</td></tr></table></div>
<p style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">The Company has revised the presentation of net deferred tax assets to comply with the disclosure guidance in ASC 740 to reflect total deferred tax assets and total deferred tax liabilities, rather than current deferred taxes and non-current deferred taxes.</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">In November 2015, the FASB issued ASU 2015-17 which simplifies the presentation of deferred income taxes and requires that deferred tax liabilities and assets be classified as noncurrent in a classified statement of financial position. For public business entities, the amendments in ASU 2015-17 are effective for annual periods beginning after December 15, 2016. The Company has elected to early adopt ASU 2015-17 prospectively as of August 31, 2016. Prior periods were not retroactively adjusted.</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">At August 31, 2016, the Company had foreign tax credit carryforwards of approximately $5,679,000, of which approximately $350,600 will expire if not utilized by August 31, 2017. In addition, the Company had federal and state tax credit carryforwards of $2,643,300 at August 31, 2016 which begin to expire in fiscal 2019.&nbsp; These federal and state tax credit carryforwards consist primarily of federal and Minnesota research and development credit carryforwards. The Company also has foreign net operating loss carryforwards of $571,000 at August 31, 2016 which begin to expire in fiscal 2020.</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">As of August 31, 2016, the Company recorded a valuation allowance of $5,679,000 with respect to the foreign tax credit carryforwards.&nbsp; In addition, the Company has recorded a valuation allowance of $2,643,300 with respect to federal and state tax credit carryforwards, and had recorded a valuation allowance of $571,000 with respect to the foreign net operating loss carryforwards.</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">As of August 31, 2015, the Company had recorded a valuation allowance of $4,654,800 with respect to the foreign tax credit carryforwards.&nbsp; In addition, the Company had recorded a valuation allowance of $2,335,200 with respect to federal and state tax credit carryforwards.</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">The Company records a tax valuation allowance to reduce deferred tax assets to the amount expected to be realized when it is more likely than not that some portion or all of its deferred tax assets will not be realized.&nbsp; The Company determined based on all available evidence, including historical data and projections of future results, that it is more likely than not that all of its deferred tax assets, except for its foreign tax credit carryforward, federal and Minnesota research and development credit carryforwards, and capital loss carryforwards will be fully realized.&nbsp; The Company determined that its deferred tax asset related to foreign tax credit carryforwards will not be realized due to insufficient federal taxable income within the carryforward period and the fact that for ordering purposes the foreign tax credit carryforwards are not allowed to be used until after any current year foreign tax credits are utilized.&nbsp; In addition, based on historical data and future projections, the Company determined that it is more likely than not that its deferred tax asset related to federal and Minnesota research and development credit carryforwards will not be realized due to insufficient federal and Minnesota taxable income within the carryforward period after considering the foreign tax credit usage.</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"></p>
<div style="MARGIN-BOTTOM: 6pt; BORDER-BOTTOM: black 4pt solid; MARGIN-TOP: 12pt">
<table style="TEXT-INDENT: 0;FONT-SIZE: 10pt; WIDTH: 100%; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0">

<tr style="VERTICAL-ALIGN: top; TEXT-ALIGN: left">
<td style="WIDTH: 100%; TEXT-ALIGN: center">79</td></tr></table></div>
<div style="PAGE-BREAK-BEFORE: always; MARGIN-TOP: 6pt">&nbsp;</div>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">The following is a tabular reconciliation of the total amounts of unrecognized tax benefits:</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<div data-td-taggable-table="">
<table style="TEXT-INDENT: 0;WIDTH: 100%; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0">

<tr style="VERTICAL-ALIGN: bottom">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify">&nbsp;</td>
<td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="7">Fiscal Year Ended August 31,</td></tr>
<tr style="VERTICAL-ALIGN: bottom">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify">&nbsp;</td>
<td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3">2016</td>
<td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3">2015</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; WIDTH: 74%; PADDING-BOTTOM: 1pt; TEXT-ALIGN: left">Gross unrecognized tax benefits &#8211; beginning balance</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&nbsp;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">$</td>
<td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right">203,000</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&nbsp;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">$</td>
<td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right">180,000</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt; TEXT-ALIGN: left">Gross increases - prior period tax positions</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">15,000</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">15,000</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt; TEXT-ALIGN: left">Gross increases &#8211; current period tax positions</td>
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">20,000</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">8,000</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt; TEXT-ALIGN: left">Gross unrecognized tax benefits &#8211; ending balance</td>
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 2.25pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left">$</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: right">238,000</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 2.25pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left">$</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: right">203,000</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left">&nbsp;</td></tr></table></div>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">The entire amount of unrecognized tax benefits would affect the effective tax rate.&nbsp; It is not expected that the amount of unrecognized tax benefits will change significantly in the next 12 months.</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">The Company recognizes interest and penalties related to unrecognized tax benefits as a component of the Company&#8217;s income tax provision. Accrued interest and penalties are included within the related tax liability line in the consolidated balance sheet. There was no liability for the payment of interest and penalties at both August 31, 2016 and August 31, 2015.</p>
<p style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; MARGIN: 0pt 0px">The Company is subject to taxation in the United States and various states and foreign jurisdictions. With few exceptions, as of August 31, 2016, the Company is no longer subject to federal, state, local, or foreign examinations by tax authorities for years prior to August 31, 2013.</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p></div>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"></p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"><b></b></p>
<div data-td-statement-type="note">
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"><b>16. COMMITMENTS AND CONTINGENCIES </b></p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">On August 26, 2016, the Compensation Committee of the Board of Directors of the Company approved the material terms of an annual bonus plan for the Company&#8217;s executive officers as well as certain officers and employees for the fiscal year ending August 31, 2017. For fiscal 2017 as in past years, the total amount available under the bonus plan for all plan participants, including executive officers, is dependent upon the Company&#8217;s earnings before interest, taxes and other income, as adjusted to take into account amounts to be paid under the bonus plan and certain other adjustments (Adjusted EBITOI). Each plan participant&#8217;s percentage of the overall bonus pool is based upon the number of plan participants, the individual&#8217;s annual base salary and the individual&#8217;s position and level of responsibility within the company. In the case of each of the Company&#8217;s executive officer participants, 75% of the amount of their individual bonus payout will be determined based upon the Company&#8217;s actual EBITOI for fiscal 2017 compared to a pre-established target EBITOI for fiscal 2017 and 25% of the payout will be determined based upon such executive officer&#8217;s achievement of certain pre-established individual performance objectives. The payment of bonuses under the plan are discretionary and may be paid to executive officer participants in both cash and shares of NTIC common stock, the exact amount and percentages will be determined by the Company&#8217;s Board of Directors, upon recommendation of the Compensation Committee, after the completion of the Company&#8217;s consolidated financial statements for fiscal 2017.</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"></p>
<div style="MARGIN-BOTTOM: 6pt; BORDER-BOTTOM: black 4pt solid; MARGIN-TOP: 12pt">
<table style="TEXT-INDENT: 0;FONT-SIZE: 10pt; WIDTH: 100%; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0">

<tr style="VERTICAL-ALIGN: top; TEXT-ALIGN: left">
<td style="WIDTH: 100%; TEXT-ALIGN: center">80</td></tr></table></div>
<div style="PAGE-BREAK-BEFORE: always; MARGIN-TOP: 6pt">&nbsp;</div>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">On August 18, 2015, the Compensation Committee of the Board of Directors of the Company approved the material terms of an annual bonus plan for the Company&#8217;s executive officers as well as certain officers and employees for the fiscal year ending August 31, 2016. For fiscal 2016 as in past years, the total amount available under the bonus plan for all plan participants, including executive officers, is dependent upon the Company&#8217;s earnings before interest, taxes and other income, as adjusted to take into account amounts to be paid under the bonus plan and certain other adjustments (Adjusted EBITOI). Each plan participant&#8217;s percentage of the overall bonus pool is based upon the number of plan participants, the individual&#8217;s annual base salary and the individual&#8217;s position and level of responsibility within the company. In the case of each of the Company&#8217;s executive officer participants, 75% of the amount of their individual bonus payout will be determined based upon the Company&#8217;s actual EBITOI for fiscal 2016 compared to a pre-established target EBITOI for fiscal 2016 and 25% of the payout will be determined based upon such executive officer&#8217;s achievement of certain pre-established individual performance objectives. The payment of bonuses under the plan are discretionary and may be paid to executive officer participants in both cash and shares of NTIC common stock, the exact amount and percentages will be determined by the Company&#8217;s Board of Directors, upon recommendation of the Compensation Committee, after the completion of the Company&#8217;s consolidated financial statements for fiscal 2016.</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">Accrued bonuses as of August 31, 2016 and 2015 were $450,000 and $620,000, respectively.</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">Three joint ventures (consisting of the Company&#8217;s joint ventures in Korea, India and Thailand) accounted for 55.8% of the Company&#8217;s trade joint venture receivables at August 31, 2016. Four joint ventures (consisting of the Company&#8217;s joint ventures in Korea, India, Thailand and Tianjin Zerust) accounted for 67.0% of the Company&#8217;s trade joint venture receivables at August 31, 2015.</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">On March 23, 2015, the Company and NTI Asean filed a lawsuit
in Tianjin No 1 Intermediate People&#8217;s Court against two individuals, Mr. Tao Meng and his wife, Ms. Hui Xu, related to breaches
of duties and contractual commitments owed to NTI Asean under certain agreements related to the Company&#8217;s former joint venture
in China, Tianjin Zerust Anti-Corrosion Technologies Ltd. The lawsuit alleges, among other things, that Mr. Tao Meng and Ms. Hui
Xu have engaged in self-dealing, usurped business opportunities, and received economic benefits that were required to go to Tianjin
Zerust. As of August 31, 2016, the Company is not able to reasonably estimate the amount of any recovery to NTI Asean, if any.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>



<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">On April 21, 2015, the Company and NTI Asean initiated a lawsuit in the District Court for the Second Judicial District, County of Ramsey, State of Minnesota against Cortec Corporation alleging, among other things, that Cortec Corporation aided and abetted breaches of duties and contractual commitments owed to the Company and NTI Asean related to the Company&#8217;s joint venture in China, Tianjin Zerust. The case has been set for a mandatory settlement conference with the court on May 30, 2017 and the case will be set for the trial block beginning July 31, 2017 and ending August 18, 2017.&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">From time to time, the Company is subject to various other claims and legal actions in the ordinary course of its business. The Company records a liability in its consolidated financial statements for costs related to claims, including future legal costs, settlements and judgments, where the Company has assessed that a loss is probable and an amount could be reasonably estimated. If the reasonable estimate of a probable loss is a range, the Company records the most probable estimate of the loss or the minimum amount when no amount within the range is a better estimate than any other amount. The Company discloses a contingent liability even if the liability is not probable or the amount is not estimable, or both, if there is a reasonable possibility that material loss may be have been incurred. In the opinion of management, as of August 31, 2016, the amount of liability, if any, with respect to these matters, individually or in the aggregate, will not materially affect the Company&#8217;s consolidated results of operations, financial position or cash flows.</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"><font style="BACKGROUND-COLOR: yellow"></font></p>
<div style="MARGIN-BOTTOM: 6pt; BORDER-BOTTOM: black 4pt solid; MARGIN-TOP: 12pt">
<table style="TEXT-INDENT: 0;FONT-SIZE: 10pt; WIDTH: 100%; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0">

<tr style="VERTICAL-ALIGN: top; TEXT-ALIGN: left">
<td style="WIDTH: 100%; TEXT-ALIGN: center">81</td></tr></table></div>
<div style="PAGE-BREAK-BEFORE: always; MARGIN-TOP: 6pt">&nbsp;</div>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font-size: 10pt; margin: 0pt 0">The Company has leases for office and warehouse space in the United States of America,
China, India, Germany and Brazil with monthly rents ranging from $1,090 to $11,539, which expire through August 31, 2023. Future
minimum rents due under these leases are as follows for each of the next five years ended August 31:</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

<div data-td-taggable-table=""><table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="width: 85%">FY 2017</td><td style="width: 1%">&nbsp;</td>
    <td style="width: 1%; text-align: left">&nbsp;</td><td style="width: 12%; text-align: right">191,631</td><td style="width: 1%; text-align: left">&nbsp;</td></tr>
<tr style="vertical-align: bottom; background-color: White">
    <td>FY 2018</td><td>&nbsp;</td>
    <td style="text-align: left">&nbsp;</td><td style="text-align: right">176,040</td><td style="text-align: left">&nbsp;</td></tr>
<tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td>FY 2019</td><td>&nbsp;</td>
    <td style="text-align: left">&nbsp;</td><td style="text-align: right">60,652</td><td style="text-align: left">&nbsp;</td></tr>
<tr style="vertical-align: bottom; background-color: White">
    <td>FY 2020</td><td>&nbsp;</td>
    <td style="text-align: left">&nbsp;</td><td style="text-align: right">40,579</td><td style="text-align: left">&nbsp;</td></tr>
<tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td>FY 2021</td><td>&nbsp;</td>
    <td style="text-align: left">&nbsp;</td><td style="text-align: right">40,579</td><td style="text-align: left">&nbsp;</td></tr>
<tr style="vertical-align: bottom; background-color: White">
    <td style="padding-bottom: 1pt">Thereafter</td><td style="padding-bottom: 1pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; text-align: left">&nbsp;</td><td style="border-bottom: Black 1pt solid; text-align: right">88,463</td><td style="border-bottom: Black 1pt solid; text-align: left">&nbsp;</td></tr>
<tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="padding-bottom: 2.25pt">&nbsp;</td><td style="padding-bottom: 2.25pt">&nbsp;</td>
    <td style="border-bottom: Black 2.25pt double; text-align: left">$</td><td style="border-bottom: Black 2.25pt double; text-align: right">597,944</td><td style="border-bottom: Black 2.25pt double; text-align: left">&nbsp;</td></tr>
</table></div>



<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>



<p style="font-size: 10pt; margin: 0pt 0px"></p>

<p style="font-size: 10pt; margin: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"><b>&nbsp;</b></p></div>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"><b></b></p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"><b></b></p>
<div data-td-statement-type="note">
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"><b>17. STATEMENTS OF CASH FLOWS</b></p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">Supplemental disclosures of cash flow information consist of:</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<div data-td-taggable-table="">
<table style="TEXT-INDENT: 0;WIDTH: 100%; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0">

<tr style="VERTICAL-ALIGN: bottom">
<td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; TEXT-ALIGN: justify">&nbsp;</td>
<td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="7">Fiscal Year Ended <br>August 31,</td></tr>
<tr style="VERTICAL-ALIGN: bottom">
<td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; TEXT-ALIGN: justify">&nbsp;</td>
<td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3">2016</td>
<td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3">2015</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; WIDTH: 74%; TEXT-ALIGN: left">Cash paid during the year for income tax</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&nbsp;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">$</td>
<td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right">610,000</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&nbsp;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">$</td>
<td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right">542,000</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">Cash paid during the year for interest</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">13,261</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">20,960</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td></tr></table></div>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"><b>&nbsp;</b></p></div>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"><b></b></p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"><b></b></p>
<div data-td-statement-type="note">
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"><b>18. <font style="TEXT-TRANSFORM: uppercase">Fair Value Measurements</font></b></p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">The Company follows the authoritative guidance on fair value measurements and disclosures with respect to assets and liabilities that are measured at fair value on both a recurring and non-recurring basis. Under this guidance, fair value is defined as the exit price, or the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants as of the measurement date. The authoritative guidance also establishes a hierarchy for inputs used in measuring fair value that maximizes the use of observable inputs and minimizes the use of unobservable inputs by requiring that the most observable inputs be used when available. Observable inputs are inputs market participants would use in valuing the asset or liability, developed based on market data obtained from sources independent of the Company. Unobservable inputs are inputs that reflect the Company&#8217;s assumptions about the factors market participants would use in valuing the asset or liability developed based upon the best information available in the circumstances. The categorization of financial assets and financial liabilities within the valuation hierarchy is based upon the lowest level of input that is significant to the fair value measurement. The hierarchy is broken down into three levels defined as follows:</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<table style="TEXT-INDENT: 0;MARGIN-BOTTOM: 6pt; FONT-SIZE: 10pt; WIDTH: 100%; MARGIN-TOP: 0pt" cellspacing="0" cellpadding="0">

<tr style="VERTICAL-ALIGN: top; TEXT-ALIGN: justify">
<td style="WIDTH: 55pt; TEXT-ALIGN: center">Level 1 -</td>
<td style="WIDTH: 5pt">&nbsp;</td>
<td style="TEXT-ALIGN: justify">Inputs are quoted prices in active markets for identical assets or liabilities.</td></tr></table>
<table style="TEXT-INDENT: 0;MARGIN-BOTTOM: 6pt; FONT-SIZE: 10pt; WIDTH: 100%; MARGIN-TOP: 0pt" cellspacing="0" cellpadding="0">

<tr style="VERTICAL-ALIGN: top; TEXT-ALIGN: justify">
<td style="WIDTH: 55pt; TEXT-ALIGN: center">Level 2 -</td>
<td style="WIDTH: 5pt">&nbsp;</td>
<td style="TEXT-ALIGN: justify">Inputs include quoted prices for similar assets or liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not active, and inputs (other than quoted prices) that are observable for the asset or liability, either directly or indirectly.</td></tr></table>
<table style="TEXT-INDENT: 0;MARGIN-BOTTOM: 6pt; FONT-SIZE: 10pt; WIDTH: 100%; MARGIN-TOP: 0pt" cellspacing="0" cellpadding="0">

<tr style="VERTICAL-ALIGN: top; TEXT-ALIGN: justify">
<td style="WIDTH: 55pt; TEXT-ALIGN: center">Level 3 -</td>
<td style="WIDTH: 5pt">&nbsp;</td>
<td style="TEXT-ALIGN: justify">Inputs are unobservable for the asset or liability.</td></tr></table>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px 0pt 0.25in">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">See the section below titled Valuation Techniques for further discussion of how the Company determines fair value for investments.</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"><b></b></p>
<div style="MARGIN-BOTTOM: 6pt; BORDER-BOTTOM: black 4pt solid; MARGIN-TOP: 12pt">
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<tr style="VERTICAL-ALIGN: top; TEXT-ALIGN: left">
<td style="WIDTH: 100%; TEXT-ALIGN: center">82</td></tr></table></div>
<div style="PAGE-BREAK-BEFORE: always; MARGIN-TOP: 6pt">&nbsp;</div>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"><b>Assets and Liabilities That Are Measured at Fair Value on a Recurring Basis</b></p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">Assets and liabilities that are measured at fair value on a recurring basis primarily relate to marketable equity securities. These items are marked-to-market at each reporting period.</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">The following tables provide information by level for assets and liabilities that are measured at fair value on a recurring basis:</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<div data-td-taggable-table="">
<table style="TEXT-INDENT: 0;WIDTH: 100%; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0">

<tr style="VERTICAL-ALIGN: bottom">
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: center" colspan="3">&nbsp;</td>
<td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="11">Fair Value Measurements <br>Using Inputs Considered as</td></tr>
<tr style="VERTICAL-ALIGN: bottom">
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3">Fair value as of <br>August 31, 2016</td>
<td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3">Level 1</td>
<td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3">Level 2</td>
<td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3">Level 3</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; WIDTH: 48%; TEXT-ALIGN: left">Available for sale securities</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&nbsp;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">$</td>
<td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right">2,243,864</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&nbsp;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">$</td>
<td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right">2,243,864</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&nbsp;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">$</td>
<td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right">&#8212;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&nbsp;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">$</td>
<td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right">&#8212;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">&nbsp;</td></tr></table></div>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<div data-td-taggable-table="">
<table style="TEXT-INDENT: 0;WIDTH: 100%; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0">

<tr style="VERTICAL-ALIGN: bottom">
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: center" colspan="3">&nbsp;</td>
<td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="11">Fair Value Measurements <br>Using Inputs Considered as</td></tr>
<tr style="VERTICAL-ALIGN: bottom">
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3">Fair value as of <br>August 31, 2015</td>
<td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3">Level 1</td>
<td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3">Level 2</td>
<td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3">Level 3</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; WIDTH: 48%; TEXT-ALIGN: left">Available for sale securities</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&nbsp;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">$</td>
<td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right">2,027,441</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&nbsp;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">$</td>
<td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right">2,027,441</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&nbsp;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">$</td>
<td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right">&#8212;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&nbsp;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">$</td>
<td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right">&#8212;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">&nbsp;</td></tr></table></div>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"><i>&nbsp;</i></p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"><i>Valuation Techniques</i></p>
<p style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">Financial assets that are classified as Level 1 securities include cash equivalents and available for sale securities. These are valued using quoted market prices in an active market.</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">The Company reviews the fair value hierarchy classification on a quarterly basis. Changes in the ability to observe valuation inputs may result in a reclassification of levels for certain securities within the fair value hierarchy. The Company&#8217;s policy is to recognize transfers into and out of levels within the fair value hierarchy at the end of the fiscal quarter in which the actual event or change in circumstances that caused the transfer occurs. There were no transfers between Level 1, Level 2, or Level 3 during the fiscal years ended August 31, 2016 or August 31, 2015. When a determination is made to classify an asset or liability within Level 3, the determination is based upon the significance of the unobservable inputs to the overall fair value measurement.</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p></div>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"></p>
<p style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; MARGIN: 0pt 0px 0pt 0.7in; TEXT-INDENT: -0.7in"></p>
<div style="MARGIN-BOTTOM: 6pt; BORDER-BOTTOM: black 4pt solid; MARGIN-TOP: 12pt">
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<tr style="VERTICAL-ALIGN: top; TEXT-ALIGN: left">
<td style="WIDTH: 100%; TEXT-ALIGN: center">83</td></tr></table></div>
<div style="PAGE-BREAK-BEFORE: always; MARGIN-TOP: 6pt">&nbsp;</div>
<p style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; MARGIN: 0pt 0px 0pt 0.7in; TEXT-INDENT: -0.7in"><a name="a_022"></a>Item 9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING&nbsp;AND FINANCIAL DISCLOSURE</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">None</p>
<p style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; MARGIN: 0pt 0px 0pt 0.7in; TEXT-INDENT: -0.7in">&nbsp;</p>
<p style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; MARGIN: 0pt 0px 0pt 0.7in; TEXT-INDENT: -0.7in"><a name="a_023"></a>Item 9A. CONTROLS AND PROCEDURES</p>
<p style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; MARGIN: 0pt 0px">Evaluation of Disclosure Controls and Procedures</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">NTIC maintains disclosure controls and procedures (as defined in Rules 13a-15(e) and 15d-15(e) under the Securities Exchange Act of 1934, as amended) that are designed to provide reasonable assurance that information required to be disclosed by NTIC in the reports it files or submits under the Securities Exchange Act of 1934, as amended, is recorded, processed, summarized and reported, within the time periods specified in the Securities and Exchange Commission&#8217;s rules and forms and that such information is accumulated and communicated to NTIC&#8217;s management, including NTIC&#8217;s principal executive officer and principal financial officer, or persons performing similar functions, as appropriate to allow timely decisions regarding required disclosure. NTIC&#8217;s management evaluated, with the participation of its Chief Executive Officer and its Chief Financial Officer, the effectiveness of the design and operation of NTIC&#8217;s disclosure controls and procedures as of the end of the period covered in this report. Based on that evaluation, NTIC&#8217;s Chief Executive Officer and Chief Financial Officer concluded that NTIC&#8217;s disclosure controls and procedures were effective as of the end of such period to provide reasonable assurance that information required to be disclosed in the reports that NTIC files or submits under the Exchange Act is recorded, processed, summarized and reported within the time periods specified in the SEC&#8217;s rules and forms, and that such information is accumulated and communicated to NTIC&#8217;s management, including NTIC&#8217;s Chief Executive Officer and Chief Financial Officer, as appropriate, to allow timely decisions regarding required disclosure.</p>
<p style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; MARGIN: 0pt 0px">Management&#8217;s Report on Internal Control over Financial Reporting</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">NTIC&#8217;s management is responsible for establishing and maintaining adequate internal control over financial reporting, as such term is defined in Exchange Act Rules 13a-15(f) and 15d-15(f). Under the supervision and with the participation of NTIC&#8217;s Chief Executive Officer and Chief Financial Officer, NTIC&#8217;s management conducted an evaluation of the effectiveness of NTIC&#8217;s internal control over financial reporting based on the framework in <i>Internal Control&#8212;Integrated Framework (2013)</i> issued by the Committee of Sponsoring Organizations of the Treadway Commission. Based on that evaluation, NTIC&#8217;s management concluded that NTIC&#8217;s internal control over financial reporting was effective as of August&nbsp;31, 2016.</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">This report does not include an attestation report of NTIC&#8217;s independent registered public accounting firm regarding internal control over financial reporting. Management&#8217;s report was not subject to attestation by NTIC&#8217;s independent registered public accounting firm pursuant to rules of the Securities and Exchange Commission that permit NTIC to provide only management&#8217;s report in this report.</p>
<p style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; MARGIN: 0pt 0px">Changes in Internal Control over Financial Reporting</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">There was no change in NTIC&#8217;s internal control over financial reporting that occurred during the quarter ended August 31, 2016 that has materially affected, or is reasonably likely to materially affect NTIC&#8217;s internal control over financial reporting.</p>
<p style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; MARGIN: 0pt 0px 0pt 0.7in; TEXT-INDENT: -0.7in">&nbsp;</p>
<p style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; MARGIN: 0pt 0px 0pt 0.7in; TEXT-INDENT: -0.7in"><a name="a_024"></a>Item 9B. OTHER INFORMATION</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">Not applicable.</p>
<p style="FONT-SIZE: 10pt; TEXT-TRANSFORM: uppercase; FONT-WEIGHT: bold; TEXT-ALIGN: center; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; TEXT-TRANSFORM: uppercase; FONT-WEIGHT: bold; TEXT-ALIGN: center; MARGIN: 0pt 0px"></p>
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<tr style="VERTICAL-ALIGN: top; TEXT-ALIGN: left">
<td style="WIDTH: 100%; TEXT-ALIGN: center">84</td></tr></table></div>
<div style="PAGE-BREAK-BEFORE: always; MARGIN-TOP: 6pt">&nbsp;</div>
<p style="FONT-SIZE: 10pt; TEXT-TRANSFORM: uppercase; FONT-WEIGHT: bold; TEXT-ALIGN: center; MARGIN: 0pt 0px"><a name="a_025"></a>PART III</p>
<p style="FONT-SIZE: 10pt; TEXT-TRANSFORM: uppercase; FONT-WEIGHT: bold; TEXT-ALIGN: center; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; MARGIN: 0pt 0px 0pt 0.7in; TEXT-INDENT: -0.7in"><a name="a_026"></a>Item 10. DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE</p>
<p style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; MARGIN: 0pt 0px 0pt 0.7in; TEXT-INDENT: -0.7in">&nbsp;</p>
<p style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; MARGIN: 0pt 0px">Directors</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">The information in the &#8220;Proposal One &#8211; Election of Directors&#8221; section of NTIC&#8217;s definitive proxy statement to be filed with the Securities and Exchange Commission with respect to NTIC&#8217;s next annual meeting of stockholders, which involves the election of directors, is incorporated in this annual report on Form 10-K by reference.</p>
<p style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; MARGIN: 0pt 0px">Executive Officers</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">Information concerning NTIC&#8217;s executive officers and officers is included in this annual report on Form 10-K under Item 4A of Part I under the heading &#8220;Executive Officers of the Registrant.&#8221;</p>
<p style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; MARGIN: 0pt 0px">Section 16(a) Beneficial Ownership Reporting Compliance</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">The information in the &#8220;Stock Ownership&#8212;Section 16(a) Beneficial Ownership Reporting Compliance&#8221; section of NTIC&#8217;s definitive proxy statement to be filed with the Securities and Exchange Commission with respect to NTIC&#8217;s next annual meeting of stockholders, which involves the election of directors, is incorporated in this annual report on Form 10-K by reference.</p>
<p style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; MARGIN: 0pt 0px">Code of Ethics</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">NTIC has adopted a code of ethics that applies to its principal executive officer, principal financial officer, principal accounting officer or controller or persons performing similar functions, as well as other employees and NTIC&#8217;s directors and meets the requirements of the SEC and the NASDAQ Global Market. A copy of NTIC&#8217;s Code of Ethics is filed as an exhibit to this report. NTIC intends to satisfy the disclosure requirements of Item 5.05 of Form 8-K regarding amendments to or waivers from any provision of its code of ethics by posting such information on its corporate website at www.ntic.com.</p>
<p style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; MARGIN: 0pt 0px">Changes to Nomination Procedures</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">During the fourth quarter of fiscal 2016, NTIC made no material changes to the procedures by which stockholders may recommend nominees to NTIC&#8217;s Board of Directors, as described in NTIC&#8217;s most recent proxy statement.</p>
<p style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; MARGIN: 0pt 0px">Audit Committee Matters</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">The information in the &#8220;Corporate Governance&#8212;Audit Committee&#8221; section of NTIC&#8217;s definitive proxy statement to be filed with the Securities and Exchange Commission with respect to NTIC&#8217;s next annual meeting of stockholders, which involves the election of directors, is incorporated in this annual report on Form 10-K by reference.</p>
<p style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; MARGIN: 0pt 0px 0pt 0.7in; TEXT-INDENT: -0.7in">&nbsp;</p>
<p style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; MARGIN: 0pt 0px 0pt 0.7in; TEXT-INDENT: -0.7in"><a name="a_027"></a>Item 11. EXECUTIVE COMPENSATION</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">The information in the &#8220;Director Compensation&#8221; and &#8220;Executive Compensation&#8221; sections of NTIC&#8217;s definitive proxy statement to be filed with the Securities and Exchange Commission with respect to NTIC&#8217;s next annual meeting of stockholders, which involves the election of directors, is incorporated in this annual report on Form 10-K by reference.</p>
<p style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; MARGIN: 0pt 0px 0pt 0.7in; TEXT-INDENT: -0.7in">&nbsp;</p>
<p style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; MARGIN: 0pt 0px 0pt 0.7in; TEXT-INDENT: -0.7in"></p>
<div style="MARGIN-BOTTOM: 6pt; BORDER-BOTTOM: black 4pt solid; MARGIN-TOP: 12pt">
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<tr style="VERTICAL-ALIGN: top; TEXT-ALIGN: left">
<td style="WIDTH: 100%; TEXT-ALIGN: center">85</td></tr></table></div>
<div style="PAGE-BREAK-BEFORE: always; MARGIN-TOP: 6pt">&nbsp;</div>
<p style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; MARGIN: 0pt 0px 0pt 0.7in; TEXT-INDENT: -0.7in"><a name="a_028"></a>Item 12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS</p>
<p style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; MARGIN: 0pt 0px">Stock Ownership</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">The information in the &#8220;Stock Ownership&#8212;Beneficial Ownership of Significant Stockholders and Management&#8221; section of NTIC&#8217;s definitive proxy statement to be filed with the Securities and Exchange Commission with respect to NTIC&#8217;s next annual meeting of stockholders, which involves the election of directors, is incorporated in this annual report on Form 10-K by reference.</p>
<p style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; MARGIN: 0pt 0px">Securities Authorized for Issuance under Equity Compensation Plans</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">The following table summarizes outstanding options and other awards under NTIC&#8217;s equity compensation plans as of August 31, 2016. NTIC&#8217;s equity compensation plans as of August 31, 2016 were the Northern Technologies International Corporation Amended and Restated 2007 Stock Incentive Plan and the Northern Technologies International Corporation Employee Stock Purchase Plan. Except for automatic annual grants of options to purchase 4,000 shares of NTIC common stock to NTIC&#8217;s directors in consideration for their services as directors of NTIC, an automatic annual grant of an option to purchase 2,000 shares of NTIC common stock to NTIC&#8217;s Chairman of the Board in consideration for his services as Chairman on the first day of each fiscal year and automatic initial grants of options to purchase a pro rata portion of 4,000 shares of NTIC common stock to NTIC&#8217;s new directors in consideration for their services as directors of NTIC, options and other awards granted in the future under the Northern Technologies International Corporation Amended and Restated 2007 Stock Incentive Plan are within the discretion of the Board of Directors and the Compensation Committee of the Board of Directors and therefore cannot be ascertained at this time.</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<table style="TEXT-INDENT: 0;WIDTH: 100%; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0">

<tr style="VERTICAL-ALIGN: bottom">
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify">&nbsp;</td>
<td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold">&nbsp;</td>
<td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3">(a)</td>
<td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold">&nbsp;</td>
<td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3">(b)</td>
<td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold">&nbsp;</td>
<td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3">(c)</td></tr>
<tr style="VERTICAL-ALIGN: bottom">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold">Plan Category</td>
<td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3">Number of Securities to be Issued Upon Exercise of Outstanding Options, Warrants and Rights</td>
<td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3">Weighted-Average Exercise Price of Outstanding Options, Warrants and Rights</td>
<td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3">Number of Securities Remaining Available for Future Issuance Under Equity Compensation Plans (excluding securities reflected in column (a))</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; WIDTH: 61%; TEXT-ALIGN: left">Equity compensation plans approved by security holders</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&nbsp;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right">283,181</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left" nowrap><sup style="vertical-align: baseline; position: relative; bottom:.33em;">(1)(2)</sup></td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&nbsp;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">$</td>
<td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right">13.95</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&nbsp;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right">277,976</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left"><sup style="vertical-align: baseline; position: relative; bottom:.33em;">(3)</sup></td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt; TEXT-ALIGN: left">Equity compensation plans not approved by security holders</td>
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">&#8212;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">&#8212;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">&#8212;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; TEXT-ALIGN: left; TEXT-INDENT: 20pt">Total</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">283,181</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left" nowrap><sup style="vertical-align: baseline; position: relative; bottom:.33em;">(1)(2)</sup></td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">13.95</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">277,976</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"><sup style="vertical-align: baseline; position: relative; bottom:.33em;">(3)</sup></td></tr></table>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">_____________________</p>
<table style="TEXT-INDENT: 0;MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; MARGIN-TOP: 0pt" cellspacing="0" cellpadding="0" width="100%">

<tr style="VERTICAL-ALIGN: top">
<td style="WIDTH: 0px">&nbsp;</td>
<td style="WIDTH: 37.4pt">(1)</td>
<td>Amount includes shares of NTIC common stock issuable upon the exercise of stock options outstanding as of August 31, 2016 under the Northern Technologies International Corporation Amended and Restated 2007 Stock Incentive Plan.</td></tr></table>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px 0pt 37.4pt; TEXT-INDENT: -37.4pt">&nbsp;</p>
<table style="TEXT-INDENT: 0;MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; MARGIN-TOP: 0pt" cellspacing="0" cellpadding="0" width="100%">

<tr style="VERTICAL-ALIGN: top">
<td style="WIDTH: 0px">&nbsp;</td>
<td style="WIDTH: 37.4pt">(2)</td>
<td>Excludes employee stock purchase rights accruing under the Northern Technologies International Corporation Employee Stock Purchase Plan. Under such plan, each eligible employee may purchase up to 2,000 shares of NTIC common stock at semi-annual intervals on February 28<sup style="vertical-align: baseline; position: relative; bottom:.33em;">th</sup> or 29<sup style="vertical-align: baseline; position: relative; bottom:.33em;">th</sup> (as the case may be) and August 31st each year at a purchase price per share equal to 90% of the lower of (i) the closing sales price per share of NTIC common stock on the first day of the offering period or (ii) the closing sales price per share of NTIC common stock on the last day of the offering period.</td></tr></table>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px 0pt 37.4pt; TEXT-INDENT: -37.4pt">&nbsp;</p>
<table style="TEXT-INDENT: 0;MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; MARGIN-TOP: 0pt" cellspacing="0" cellpadding="0" width="100%">

<tr style="VERTICAL-ALIGN: top">
<td style="WIDTH: 0px">&nbsp;</td>
<td style="WIDTH: 37.4pt">(3)</td>
<td>Amount includes 224,347 shares remaining available at August 31, 2016 for future issuance under Northern Technologies International Corporation Amended and Restated 2007 Stock Incentive Plan and 53,629 shares available at August 31, 2016 for future issuance under the Northern Technologies International Corporation Employee Stock Purchase Plan.</td></tr></table>
<p style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; MARGIN: 0pt 0px 0pt 37.4pt; TEXT-INDENT: -37.4pt">&nbsp;</p>
<p style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; MARGIN: 0pt 0px 0pt 37.4pt; TEXT-INDENT: -37.4pt"></p>
<div style="MARGIN-BOTTOM: 6pt; BORDER-BOTTOM: black 4pt solid; MARGIN-TOP: 12pt">
<table style="TEXT-INDENT: 0;FONT-SIZE: 10pt; WIDTH: 100%; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0">

<tr style="VERTICAL-ALIGN: top; TEXT-ALIGN: left">
<td style="WIDTH: 100%; TEXT-ALIGN: center">86</td></tr></table></div>
<div style="PAGE-BREAK-BEFORE: always; MARGIN-TOP: 6pt">&nbsp;</div>
<p style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; MARGIN: 0pt 0px 0pt 37.4pt; TEXT-INDENT: -37.4pt"></p>
<p style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; MARGIN: 0pt 0px 0pt 0.7in; TEXT-INDENT: -0.7in"><a name="a_029"></a>Item 13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR INDEPENDENCE</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">The information in the &#8220;Related Person Relationships and Transactions&#8221; and &#8220;Corporate Governance&#8212;Director Independence&#8221; sections of NTIC&#8217;s definitive proxy statement to be filed with the Securities and Exchange Commission with respect to NTIC&#8217;s next annual meeting of stockholders, which involves the election of directors, is incorporated in this annual report on Form 10-K by reference.</p>
<p style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; MARGIN: 0pt 0px 0pt 0.7in; TEXT-INDENT: -0.7in">&nbsp;</p>
<p style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; MARGIN: 0pt 0px 0pt 0.7in; TEXT-INDENT: -0.7in"><a name="a_030"></a>Item 14. PRINCIPAL ACCOUNTING FEES AND SERVICES</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">The information in the &#8220;Proposal Three&#8212;Ratification of Selection of Independent Registered Public Accounting Firm&#8212;Audit, Audit-Related, Tax and Other Fees&#8221; and &#8220;Proposal Three&#8212;Ratification of Selection of Independent Registered Public Accounting Firm&#8212;Audit Committee Pre-Approval Policies and Procedures&#8221; sections of NTIC&#8217;s definitive proxy statement to be filed with the Securities and Exchange Commission with respect to NTIC&#8217;s next annual meeting of stockholders, which involves the election of directors, is incorporated in this annual report on Form 10-K by reference.</p>
<p style="FONT-SIZE: 10pt; TEXT-TRANSFORM: uppercase; FONT-WEIGHT: bold; TEXT-ALIGN: center; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; TEXT-TRANSFORM: uppercase; FONT-WEIGHT: bold; TEXT-ALIGN: center; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; TEXT-TRANSFORM: uppercase; FONT-WEIGHT: bold; TEXT-ALIGN: center; MARGIN: 0pt 0px"></p>
<div style="MARGIN-BOTTOM: 6pt; BORDER-BOTTOM: black 4pt solid; MARGIN-TOP: 12pt">
<table style="TEXT-INDENT: 0;FONT-SIZE: 10pt; WIDTH: 100%; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0">

<tr style="VERTICAL-ALIGN: top; TEXT-ALIGN: left">
<td style="WIDTH: 100%; TEXT-ALIGN: center">87</td></tr></table></div>
<div style="PAGE-BREAK-BEFORE: always; MARGIN-TOP: 6pt">&nbsp;</div>
<p style="FONT-SIZE: 10pt; TEXT-TRANSFORM: uppercase; FONT-WEIGHT: bold; TEXT-ALIGN: center; MARGIN: 0pt 0px"><a name="a_031"></a>PART IV</p>
<p style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; MARGIN: 0pt 0px 0pt 0.7in; TEXT-INDENT: -0.7in">&nbsp;</p>
<p style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; MARGIN: 0pt 0px 0pt 0.7in; TEXT-INDENT: -0.7in"><a name="a_032"></a>Item 15. EXHIBITS, FINANCIAL STATEMENT SCHEDULES</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px; TEXT-INDENT: 0in">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px; TEXT-INDENT: 0in"><b>Financial Statements</b></p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">NTIC&#8217;s consolidated financial statements are included in Item 8 of Part III of this report.</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px; TEXT-INDENT: 0in">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px; TEXT-INDENT: 0in"><b>Financial Statement Schedules</b></p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px; TEXT-INDENT: 0in">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px; TEXT-INDENT: 0in">All financial statement schedules are omitted because they are inapplicable since NTIC is a smaller reporting company.</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px; TEXT-INDENT: 0in">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px; TEXT-INDENT: 0in"><b>Exhibits</b></p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">The exhibits to this report are listed in the Exhibit Index to this report. A copy of any exhibits listed or referred to herein will be furnished at a reasonable cost to any person who is a stockholder upon receipt from any such person of a written request for any such exhibit. Such request should be sent to: Mr.&nbsp;Matthew Wolsfeld, Corporate Secretary, Northern Technologies International Corporation, 4201 Woodland Road, P.O. Box 69, Circle Pines, Minnesota 55014 Attn: Stockholder Information. The Exhibit Index indicates each management contract or compensatory plan or arrangement required to be filed as an exhibit to this report.</p>
<p style="FONT-SIZE: 10pt; TEXT-TRANSFORM: uppercase; FONT-WEIGHT: bold; TEXT-ALIGN: center; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; TEXT-TRANSFORM: uppercase; FONT-WEIGHT: bold; TEXT-ALIGN: center; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; TEXT-TRANSFORM: uppercase; FONT-WEIGHT: bold; TEXT-ALIGN: center; MARGIN: 0pt 0px"></p>
<div style="MARGIN-BOTTOM: 6pt; BORDER-BOTTOM: black 4pt solid; MARGIN-TOP: 12pt">
<table style="TEXT-INDENT: 0;FONT-SIZE: 10pt; WIDTH: 100%; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0">

<tr style="VERTICAL-ALIGN: top; TEXT-ALIGN: left">
<td style="WIDTH: 100%; TEXT-ALIGN: center">88</td></tr></table></div>
<div style="PAGE-BREAK-BEFORE: always; MARGIN-TOP: 6pt">&nbsp;</div>
<p style="FONT-SIZE: 10pt; TEXT-TRANSFORM: uppercase; FONT-WEIGHT: bold; TEXT-ALIGN: center; MARGIN: 0pt 0px"><a name="a_033"></a>SIGNATURES</p>
<p style="FONT-SIZE: 10pt; TEXT-TRANSFORM: uppercase; FONT-WEIGHT: bold; TEXT-ALIGN: center; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<table style="TEXT-INDENT: 0;WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0">

<tr style="VERTICAL-ALIGN: top; TEXT-ALIGN: left">
<td>&nbsp;</td>
<td>&nbsp;</td>
<td colspan="2" nowrap><b>NORTHERN TECHNOLOGIES INTERNATIONAL</b></td></tr>
<tr style="VERTICAL-ALIGN: top; TEXT-ALIGN: left">
<td>&nbsp;</td>
<td>&nbsp;</td>
<td colspan="2"><b>CORPORATION</b></td></tr>
<tr style="VERTICAL-ALIGN: top; TEXT-ALIGN: left">
<td>&nbsp;</td>
<td>&nbsp;</td>
<td colspan="2">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: top; TEXT-ALIGN: left">
<td style="WIDTH: 33%">November 22, 2016</td>
<td style="WIDTH: 34%">&nbsp;</td>
<td style="WIDTH: 4%">By:&nbsp;&nbsp; </td>
<td style="WIDTH: 29%; BORDER-BOTTOM: black 1pt solid">/s/ G. Patrick Lynch</td></tr>
<tr style="VERTICAL-ALIGN: top; TEXT-ALIGN: left">
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>G. Patrick Lynch</td></tr>
<tr style="VERTICAL-ALIGN: top; TEXT-ALIGN: left">
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td nowrap>President and Chief Executive Officer</td></tr>
<tr style="VERTICAL-ALIGN: top; TEXT-ALIGN: left">
<td>&nbsp;</td>
<td>&nbsp;</td>
<td colspan="2">&nbsp;</td></tr></table>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"></p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"></p>
<p style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; MARGIN: 0pt 0px 0pt 3in"></p>
<p style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; MARGIN: 0pt 0px 0pt 2in; TEXT-INDENT: 0.5in"></p>
<p style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the Registrant on the dates and in the capacities indicated.</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<table style="TEXT-INDENT: 0;FONT-SIZE: 10pt; WIDTH: 100%; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0">

<tr style="VERTICAL-ALIGN: top">
<td style="TEXT-DECORATION: none; WIDTH: 27%; BORDER-BOTTOM: black 1pt solid"><b>Name</b></td>
<td style="WIDTH: 8%">&nbsp;</td>
<td style="TEXT-DECORATION: none; WIDTH: 38%; BORDER-BOTTOM: black 1pt solid"><b>Title</b></td>
<td style="WIDTH: 9%">&nbsp;</td>
<td style="TEXT-DECORATION: none; WIDTH: 18%; BORDER-BOTTOM: black 1pt solid"><b>Date</b></td></tr>
<tr style="VERTICAL-ALIGN: top">
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: top">
<td>
<p style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; MARGIN: 0pt 0px"></p>
<p style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; MARGIN: 0pt 0px"><u>/s/ G. Patrick Lynch</u></p>
<p style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; MARGIN: 0pt 0px">G. Patrick Lynch</p></td>
<td>&nbsp;</td>
<td nowrap>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"></p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">President and Chief Executive Officer and Director<br>(principal executive officer)</p></td>
<td>&nbsp;</td>
<td>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"></p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">November 22, 2016</p></td></tr>
<tr style="VERTICAL-ALIGN: top">
<td style="TEXT-ALIGN: justify">&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: top">
<td>
<p style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; MARGIN: 0pt 0px"><u>/s/ Matthew C. Wolsfeld, CPA</u></p>
<p style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; MARGIN: 0pt 0px">Matthew C. Wolsfeld, CPA</p></td>
<td>&nbsp;</td>
<td>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">Chief Financial Officer and Corporate Secretary</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">(principal financial and accounting officer)</p></td>
<td>&nbsp;</td>
<td>November 22, 2016</td></tr>
<tr style="VERTICAL-ALIGN: top">
<td style="TEXT-ALIGN: justify">&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: top">
<td>
<p style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; MARGIN: 0pt 0px"><u>/s/ Richard J. Nigon</u></p>
<p style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; MARGIN: 0pt 0px">Richard J. Nigon</p></td>
<td>&nbsp;</td>
<td>Chairman of the Board</td>
<td>&nbsp;</td>
<td>November 22, 2016</td></tr>
<tr style="VERTICAL-ALIGN: top">
<td style="TEXT-ALIGN: justify">&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: top">
<td>
<p style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; MARGIN: 0pt 0px"><u>/s/ Barbara D. Colwell</u></p>
<p style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; MARGIN: 0pt 0px">Barbara D. Colwell</p>
<p style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; MARGIN: 0pt 0px">&nbsp;</p></td>
<td>&nbsp;</td>
<td>Director</td>
<td>&nbsp;</td>
<td>November 22, 2016</td></tr>
<tr style="VERTICAL-ALIGN: top">
<td>
<p style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; MARGIN: 0pt 0px"><u>/s/ Soo Keong Koh</u></p>
<p style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; MARGIN: 0pt 0px">Soo Keong Koh</p></td>
<td>&nbsp;</td>
<td>Director</td>
<td>&nbsp;</td>
<td>November 22, 2016</td></tr>
<tr style="VERTICAL-ALIGN: top">
<td style="TEXT-ALIGN: justify">&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: top">
<td>
<p style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; MARGIN: 0pt 0px"><u>/s/ Sunggyu Lee, Ph.D.</u></p>
<p style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; MARGIN: 0pt 0px">Sunggyu Lee, Ph.D.</p></td>
<td>&nbsp;</td>
<td>Director</td>
<td>&nbsp;</td>
<td>November 22, 2016</td></tr>
<tr style="VERTICAL-ALIGN: top">
<td style="TEXT-ALIGN: justify">&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: top">
<td>
<p style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; MARGIN: 0pt 0px"><u>/s/ Ramani Narayan, Ph. D.</u></p>
<p style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; MARGIN: 0pt 0px">Ramani Narayan, Ph.D.</p></td>
<td>&nbsp;</td>
<td>Director</td>
<td>&nbsp;</td>
<td>November 22, 2016</td></tr>
<tr style="VERTICAL-ALIGN: top">
<td style="TEXT-ALIGN: justify">&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: top">
<td>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"><u>/s/ Konstantin von Falkenhausen</u></p>
<p style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; MARGIN: 0pt 0px">Konstantin von Falkenhausen</p></td>
<td>&nbsp;</td>
<td>Director</td>
<td>&nbsp;</td>
<td>November 22, 2016</td></tr>
<tr style="VERTICAL-ALIGN: top">
<td style="TEXT-ALIGN: justify">&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td></tr></table>
<p style="FONT-SIZE: 10pt; TEXT-TRANSFORM: uppercase; FONT-WEIGHT: bold; TEXT-ALIGN: center; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; TEXT-TRANSFORM: uppercase; FONT-WEIGHT: bold; TEXT-ALIGN: center; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; TEXT-TRANSFORM: uppercase; FONT-WEIGHT: bold; TEXT-ALIGN: center; MARGIN: 0pt 0px"></p>
<div style="MARGIN-BOTTOM: 6pt; BORDER-BOTTOM: black 4pt solid; MARGIN-TOP: 12pt">
<table style="TEXT-INDENT: 0;FONT-SIZE: 10pt; WIDTH: 100%; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0">

<tr style="VERTICAL-ALIGN: top; TEXT-ALIGN: left">
<td style="WIDTH: 100%; TEXT-ALIGN: center">89</td></tr></table></div>
<div style="PAGE-BREAK-BEFORE: always; MARGIN-TOP: 6pt">&nbsp;</div>
<p style="FONT-SIZE: 10pt; TEXT-TRANSFORM: uppercase; FONT-WEIGHT: bold; TEXT-ALIGN: center; MARGIN: 0pt 0px"></p>
<p style="MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center; MARGIN-TOP: 0pt"><b>NORTHERN TECHNOLOGIES INTERNATIONAL CORPORATION<br>EXHIBIT INDEX TO ANNUAL REPORT ON FORM 10-K<br>FOR THE FISCAL YEAR ENDED AUGUST 31, 2016</b></p>
<p style="MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center; MARGIN-TOP: 0pt"><b>&nbsp;</b></p>
<table style="TEXT-INDENT: 0;FONT-SIZE: 10pt; WIDTH: 100%; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0">

<tr style="VERTICAL-ALIGN: top">
<td style="WIDTH: 9%">
<p style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 0.5pt solid; TEXT-ALIGN: center; MARGIN: 0pt 0px"><b>Item No.</b></p></td>
<td style="WIDTH: 48%">
<p style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 0.5pt solid; MARGIN: 0pt 0px"><b>Item</b></p></td>
<td style="WIDTH: 43%">
<p style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 0.5pt solid; TEXT-ALIGN: center; MARGIN: 0pt 0px"><b>Method of Filing</b></p></td></tr>
<tr style="VERTICAL-ALIGN: top">
<td style="TEXT-ALIGN: center">3.1</td>
<td>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">Restated Certificate of Incorporation of Northern Technologies International Corporation</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p></td>
<td>
<p style="FONT-SIZE: 10pt; TEXT-ALIGN: center; MARGIN: 0pt 0px">Incorporated by reference to Exhibit 3.1 to NTIC&#8217;s Quarterly Report on Form 10-Q for the fiscal quarter ended February 28, 2009 (File No. 001-11038)</p>
<p style="FONT-SIZE: 10pt; TEXT-ALIGN: center; MARGIN: 0pt 0px">&nbsp;</p></td></tr>
<tr style="VERTICAL-ALIGN: top">
<td style="TEXT-ALIGN: center">3.2</td>
<td>Amended and Restated Bylaws of Northern Technologies International Corporation</td>
<td>
<p style="FONT-SIZE: 10pt; TEXT-ALIGN: center; MARGIN: 0pt 0px">Incorporated by reference to Exhibit 3.1 to NTIC&#8217;s Current Report on Form 8-K as filed with the Securities and Exchange Commission on November 24, 2008 (File No. 001-11038)</p>
<p style="FONT-SIZE: 10pt; TEXT-ALIGN: center; MARGIN: 0pt 0px">&nbsp;</p></td></tr>
<tr style="VERTICAL-ALIGN: top">
<td style="TEXT-ALIGN: center">4.1</td>
<td>Specimen Stock Certificate Representing Common Stock of Northern Technologies International Corporation</td>
<td>
<p style="FONT-SIZE: 10pt; TEXT-ALIGN: center; MARGIN: 0pt 0px">Incorporated by reference to Exhibit 4.1 to NTIC&#8217;s Registration Statement on Form 10 (File No. 001-19331)</p>
<p style="FONT-SIZE: 10pt; TEXT-ALIGN: center; MARGIN: 0pt 0px">&nbsp;</p></td></tr>
<tr style="VERTICAL-ALIGN: top">
<td style="TEXT-ALIGN: center">10.1</td>
<td>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">Northern Technologies International Corporation Amended and Restated 2007 Stock Incentive Plan*</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p></td>
<td>
<p style="FONT-SIZE: 10pt; TEXT-ALIGN: center; MARGIN: 0pt 0px">Incorporated by reference to Exhibit 10.1 to NTIC&#8217;s Current Report on Form 8-K as filed with the Securities and Exchange Commission on January 24, 2011 (File No. 001-11038)</p>
<p style="FONT-SIZE: 10pt; TEXT-ALIGN: center; MARGIN: 0pt 0px">&nbsp;</p></td></tr>
<tr style="VERTICAL-ALIGN: top">
<td style="TEXT-ALIGN: center">10.2</td>
<td>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">Form of Incentive Stock Option Agreement for Northern Technologies International Corporation Amended and Restated 2007 Stock Incentive Plan*</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p></td>
<td>
<p style="FONT-SIZE: 10pt; TEXT-ALIGN: center; MARGIN: 0pt 0px">Incorporated by reference to Exhibit 10.2 to NTIC&#8217;s Current Report on Form 8-K as filed with the Securities and Exchange Commission on January 24, 2011 (File No. 001-11038)</p>
<p style="FONT-SIZE: 10pt; TEXT-ALIGN: center; MARGIN: 0pt 0px">&nbsp;</p></td></tr>
<tr style="VERTICAL-ALIGN: top">
<td style="TEXT-ALIGN: center">10.3</td>
<td>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">Form of Non-Statutory Stock Option Agreement for Northern Technologies International Corporation Amended and Restated 2007 Stock Incentive Plan*</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p></td>
<td>
<p style="FONT-SIZE: 10pt; TEXT-ALIGN: center; MARGIN: 0pt 0px">Incorporated by reference to Exhibit 10.3 to NTIC&#8217;s Current Report on Form 8-K as filed with the Securities and Exchange Commission on January 24, 2011 (File No. 001-11038)</p>
<p style="FONT-SIZE: 10pt; TEXT-ALIGN: center; MARGIN: 0pt 0px">&nbsp;</p></td></tr>
<tr style="VERTICAL-ALIGN: top">
<td style="TEXT-ALIGN: center">10.4</td>
<td>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">Form of Restricted Stock Agreement for Northern Technologies International Corporation Amended and Restated 2007 Stock Incentive Plan*</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p></td>
<td>
<p style="FONT-SIZE: 10pt; TEXT-ALIGN: center; MARGIN: 0pt 0px">Incorporated by reference to Exhibit 10.4 to NTIC&#8217;s Current Report on Form 8-K as filed with the Securities and Exchange Commission on January 24, 2011 (File No. 001-11038)</p>
<p style="FONT-SIZE: 10pt; TEXT-ALIGN: center; MARGIN: 0pt 0px">&nbsp;</p></td></tr>
<tr style="VERTICAL-ALIGN: top">
<td style="TEXT-ALIGN: center">&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: top">
<td style="TEXT-ALIGN: center">10.5</td>
<td>Northern Technologies International Corporation Employee Stock Purchase Plan*</td>
<td style="TEXT-ALIGN: center">Incorporated by reference to Exhibit 10.11 to NTIC&#8217;s Annual Report on Form 10-KSB for the fiscal year ended August 31, 2006 (File No. 001-11038)</td></tr>
<tr style="VERTICAL-ALIGN: top">
<td style="TEXT-ALIGN: center">&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: top">
<td style="TEXT-ALIGN: center">&nbsp;</td></tr></table>
<div style="MARGIN-BOTTOM: 6pt; BORDER-BOTTOM: black 4pt solid; MARGIN-TOP: 12pt">
<table style="TEXT-INDENT: 0;FONT-SIZE: 10pt; WIDTH: 100%; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0">

<tr style="VERTICAL-ALIGN: top; TEXT-ALIGN: left">
<td style="WIDTH: 100%; TEXT-ALIGN: center">90</td></tr></table></div>
<div style="PAGE-BREAK-BEFORE: always; MARGIN-TOP: 6pt">&nbsp;</div>
<table style="TEXT-INDENT: 0;FONT-SIZE: 10pt; WIDTH: 100%; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0">

<tr style="VERTICAL-ALIGN: top">
<td style="WIDTH: 9%; TEXT-ALIGN: center">&nbsp;</td>
<td style="WIDTH: 48%">&nbsp;</td>
<td style="WIDTH: 43%">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: top">
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center"><b>Item No.</b></td>
<td style="BORDER-BOTTOM: black 1pt solid"><b>Item</b></td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center"><b>Method of Filing</b></td></tr>
<tr style="VERTICAL-ALIGN: top">
<td style="TEXT-ALIGN: center">&nbsp;</td>
<td>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"></p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p></td>
<td>
<p style="FONT-SIZE: 10pt; TEXT-ALIGN: center; MARGIN: 0pt 0px"></p>
<p style="FONT-SIZE: 10pt; TEXT-ALIGN: center; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; TEXT-ALIGN: center; MARGIN: 0pt 0px"></p></td></tr>
<tr style="VERTICAL-ALIGN: top">
<td style="TEXT-ALIGN: center">10.6</td>
<td>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">Material Terms of Northern Technologies International Corporation Annual Bonus Plan*</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p></td>
<td>
<p style="FONT-SIZE: 10pt; TEXT-ALIGN: center; MARGIN: 0pt 0px">Incorporated by reference to Exhibit 10.6 to NTIC&#8217;s Annual Report on Form 10-K for the fiscal year ended August 31, 2015 (File No. 001-11038)</p>
<p style="FONT-SIZE: 10pt; TEXT-ALIGN: center; MARGIN: 0pt 0px">&nbsp;</p></td></tr>
<tr style="VERTICAL-ALIGN: top">
<td style="TEXT-ALIGN: center">10.7</td>
<td>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">Form of Indemnification Agreement between Northern Technologies International Corporation and its Directors and Officers*</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p></td>
<td>
<p style="FONT-SIZE: 10pt; TEXT-ALIGN: center; MARGIN: 0pt 0px">Incorporated by reference to Exhibit 10.1 to NTIC&#8217;s Current Report on Form 8-K as filed with the Securities and Exchange Commission on November 24, 2008 (File No. 001-11038)</p>
<p style="FONT-SIZE: 10pt; TEXT-ALIGN: center; MARGIN: 0pt 0px">&nbsp;</p></td></tr>
<tr style="VERTICAL-ALIGN: top">
<td style="TEXT-ALIGN: center">10.8</td>
<td>Agreement dated as of May 25, 2009 between Northern Technologies International Corporation and Sunggyu Lee, Ph.D.*</td>
<td>
<p style="FONT-SIZE: 10pt; TEXT-ALIGN: center; MARGIN: 0pt 0px">Incorporated by reference to Exhibit 10.2 to NTIC&#8217;s Quarterly Report on Form 10-Q for the fiscal quarter ended February 28, 2009 (File No. 001-11038)</p>
<p style="FONT-SIZE: 10pt; TEXT-ALIGN: center; MARGIN: 0pt 0px">&nbsp;</p></td></tr>
<tr style="VERTICAL-ALIGN: top">
<td style="TEXT-ALIGN: center">10.9</td>
<td>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">Description of Non-Employee Director Compensation Arrangements*</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p></td>
<td style="TEXT-ALIGN: center">Filed herewith</td></tr>
<tr style="VERTICAL-ALIGN: top">
<td style="TEXT-ALIGN: center">10.10</td>
<td>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">Executive Employment Agreement dated as of November 18, 2011 between Northern Technologies International Corporation and G. Patrick Lynch*</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p></td>
<td style="TEXT-ALIGN: center">Incorporated by reference to Exhibit 10.13 to NTIC&#8217;s Annual Report on Form 10-K for the fiscal year ended August 31, 2011 (File No. 001-11038)</td></tr>
<tr style="VERTICAL-ALIGN: top">
<td style="TEXT-ALIGN: center">10.11</td>
<td>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">Confidential Information, Inventions Assignment, Noncompetition and Non-Solicitation Agreement dated as of November 18, 2011 between Northern Technologies International Corporation and G. Patrick Lynch*</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p></td>
<td style="TEXT-ALIGN: center">Incorporated by reference to Exhibit 10.14 to NTIC&#8217;s Annual Report on Form 10-K for the fiscal year ended August 31, 2011 (File No. 001-11038)</td></tr>
<tr style="VERTICAL-ALIGN: top">
<td style="TEXT-ALIGN: center">10.12</td>
<td>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">Executive Employment Agreement dated as of November 18, 2011 between Northern Technologies International Corporation and Matthew C. Wolsfeld*</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p></td>
<td style="TEXT-ALIGN: center">Incorporated by reference to Exhibit 10.15 to NTIC&#8217;s Annual Report on Form 10-K for the fiscal year ended August 31, 2011 (File No. 001-11038)</td></tr>
<tr style="VERTICAL-ALIGN: top">
<td style="TEXT-ALIGN: center">10.13</td>
<td>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">Confidential Information, Inventions Assignment, Noncompetition and Non-Solicitation Agreement dated as of November 18, 2011 between Northern Technologies International Corporation and Matthew C. Wolsfeld*</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p></td>
<td style="TEXT-ALIGN: center">Incorporated by reference to Exhibit 10.16 to NTIC&#8217;s Annual Report on Form 10-K for the fiscal year ended August 31, 2011 (File No. 001-11038)</td></tr>
<tr style="VERTICAL-ALIGN: top">
<td style="TEXT-ALIGN: center">10.14</td>
<td>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">Amended and Restated Committed Line of Credit Note dated as of January 10, 2011 issued by Northern Technologies International Corporation to PNC Bank, National Association</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p></td>
<td>
<p style="FONT-SIZE: 10pt; TEXT-ALIGN: center; MARGIN: 0pt 0px">Incorporated by reference to Exhibit 10.2 to NTIC&#8217;s Current Report on Form 8-K as filed with the Securities and Exchange Commission on January 12, 2011 (File No. 001-11038)</p>
<p style="FONT-SIZE: 10pt; TEXT-ALIGN: center; MARGIN: 0pt 0px">&nbsp;</p></td></tr>
<tr style="VERTICAL-ALIGN: top">
<td style="TEXT-ALIGN: center">&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: top">
<td style="TEXT-ALIGN: center">&nbsp;</td></tr></table>
<div style="MARGIN-BOTTOM: 6pt; BORDER-BOTTOM: black 4pt solid; MARGIN-TOP: 12pt">
<table style="TEXT-INDENT: 0;FONT-SIZE: 10pt; WIDTH: 100%; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0">

<tr style="VERTICAL-ALIGN: top; TEXT-ALIGN: left">
<td style="WIDTH: 100%; TEXT-ALIGN: center">91</td></tr></table></div>
<div style="PAGE-BREAK-BEFORE: always; MARGIN-TOP: 6pt">&nbsp;</div>
<table style="TEXT-INDENT: 0;FONT-SIZE: 10pt; WIDTH: 100%; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0">

<tr style="VERTICAL-ALIGN: top">
<td style="WIDTH: 9%; TEXT-ALIGN: center">&nbsp;</td>
<td style="WIDTH: 48%">&nbsp;</td>
<td style="WIDTH: 43%">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: top">
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center"><b>Item No.</b></td>
<td style="BORDER-BOTTOM: black 1pt solid"><b>Item</b></td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center"><b>Method of Filing</b></td></tr>
<tr style="VERTICAL-ALIGN: top">
<td style="TEXT-ALIGN: center">10.15</td>
<td>Loan Agreement dated as of January 10, 2011 between Northern Technologies International Corporation and PNC Bank, National Association </td>
<td>
<p style="FONT-SIZE: 10pt; TEXT-ALIGN: center; MARGIN: 0pt 0px">Incorporated by reference to Exhibit 10.6 to NTIC&#8217;s Current Report on Form 8-K as filed with the Securities and Exchange Commission on January 12, 2011 (File No. 001-11038)</p>
<p style="FONT-SIZE: 10pt; TEXT-ALIGN: center; MARGIN: 0pt 0px">&nbsp;</p></td></tr>
<tr style="VERTICAL-ALIGN: top">
<td style="TEXT-ALIGN: center">10.16</td>
<td>Waiver and First Amendment to Loan Documents dated as of January 10, 2012 between Northern Technologies International Corporation and PNC Bank, National Association</td>
<td>
<p style="FONT-SIZE: 10pt; TEXT-ALIGN: center; MARGIN: 0pt 0px">Incorporated by reference to Exhibit 10.6 to NTIC&#8217;s Quarterly Report on Form 10-Q for the fiscal quarter ended November 30, 2011 (File No. 001-11038)</p>
<p style="FONT-SIZE: 10pt; TEXT-ALIGN: center; MARGIN: 0pt 0px">&nbsp;</p></td></tr>
<tr style="VERTICAL-ALIGN: top">
<td style="TEXT-ALIGN: center">10.17</td>
<td>Waiver and Second Amendment to Loan Documents dated December 11, 2012 between Northern Technologies International Corporation and PNC Bank, National Association</td>
<td>
<p style="FONT-SIZE: 10pt; TEXT-ALIGN: center; MARGIN: 0pt 0px">Incorporated by reference to Exhibit 10.1 to NTIC&#8217;s Quarterly Report on Form 10-Q for the fiscal quarter ended November 30, 2012 (File No. 001-11038)</p>
<p style="FONT-SIZE: 10pt; TEXT-ALIGN: center; MARGIN: 0pt 0px">&nbsp;</p></td></tr>
<tr style="VERTICAL-ALIGN: top">
<td style="TEXT-ALIGN: center">10.18</td>
<td>Letter dated December 31, 2013 to Northern Technologies International Corporation from PNC Bank, National Association</td>
<td>
<p style="FONT-SIZE: 10pt; TEXT-ALIGN: center; MARGIN: 0pt 0px">Incorporated by reference to Exhibit 10.1 to NTIC&#8217;s Quarterly Report on Form 10-Q for the fiscal quarter ended February 28, 2014 (File No. 001-11038)</p>
<p style="FONT-SIZE: 10pt; TEXT-ALIGN: center; MARGIN: 0pt 0px">&nbsp;</p></td></tr>
<tr style="VERTICAL-ALIGN: top">
<td style="TEXT-ALIGN: center">10.19</td>
<td>Letter dated January 8, 2015 to Northern Technologies International Corporation from PNC Bank, National Association</td>
<td>
<p style="FONT-SIZE: 10pt; TEXT-ALIGN: center; MARGIN: 0pt 0px">Incorporated by reference to Exhibit 10.1 to NTIC&#8217;s Quarterly Report on Form 10-Q for the fiscal quarter ended February 28, 2015 (File No. 001-11038)</p>
<p style="FONT-SIZE: 10pt; TEXT-ALIGN: center; MARGIN: 0pt 0px">&nbsp;</p></td></tr>
<tr style="VERTICAL-ALIGN: top">
<td style="TEXT-ALIGN: center">10.20</td>
<td>Amendment to Loan Documents dated January 6, 2016 by and between Northern Technologies International Corporation from PNC Bank, National Association</td>
<td>
<p style="FONT-SIZE: 10pt; TEXT-ALIGN: center; MARGIN: 0pt 0px">Incorporated by reference to Exhibit 10.1 to NTIC&#8217;s Quarterly Report on Form 10-Q for the fiscal quarter ended February 29, 2016 (File No. 001-11038)</p>
<p style="FONT-SIZE: 10pt; TEXT-ALIGN: center; MARGIN: 0pt 0px">&nbsp;</p></td></tr>
<tr style="VERTICAL-ALIGN: top">
<td style="TEXT-ALIGN: center">10.21</td>
<td>Purchase and Sale Agreement dated as of July 14, 2014 between Northern Technologies International Corporation and Glenwillow Holdings, LLC&nbsp;&nbsp;</td>
<td>
<p style="FONT-SIZE: 10pt; TEXT-ALIGN: center; MARGIN: 0pt 0px">Incorporated by reference to Exhibit 10.1 to NTIC&#8217;s Current Report on Form 8-K as filed with the Securities and Exchange Commission on July 15, 2014 (File No. 001-11038)</p>
<p style="FONT-SIZE: 10pt; TEXT-ALIGN: center; MARGIN: 0pt 0px">&nbsp;</p></td></tr>
<tr style="VERTICAL-ALIGN: top">
<td style="TEXT-ALIGN: center">14.1</td>
<td>Code of Ethics</td>
<td>
<p style="FONT-SIZE: 10pt; TEXT-ALIGN: center; MARGIN: 0pt 0px">Incorporated by reference to Exhibit 14.1 to NTIC&#8217;s Annual Report on Form 10-KSB for the fiscal year ended August 31, 2004 (File No. 001-11038)</p>
<p style="FONT-SIZE: 10pt; TEXT-ALIGN: center; MARGIN: 0pt 0px">&nbsp;</p></td></tr>
<tr style="VERTICAL-ALIGN: top">
<td style="TEXT-ALIGN: center">21.1</td>
<td>Subsidiaries of the Registrant</td>
<td>
<p style="FONT-SIZE: 10pt; TEXT-ALIGN: center; MARGIN: 0pt 0px">Filed herewith</p>
<p style="FONT-SIZE: 10pt; TEXT-ALIGN: center; MARGIN: 0pt 0px">&nbsp;</p></td></tr>
<tr style="VERTICAL-ALIGN: top">
<td style="TEXT-ALIGN: center">23.1</td>
<td>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">Consent of Baker Tilly Virchow Krause, LLP</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px"></p></td>
<td>
<p style="FONT-SIZE: 10pt; TEXT-ALIGN: center; MARGIN: 0pt 0px">Filed herewith</p>
<p style="FONT-SIZE: 10pt; TEXT-ALIGN: center; MARGIN: 0pt 0px">&nbsp;</p></td></tr>
<tr style="VERTICAL-ALIGN: top">
<td style="TEXT-ALIGN: center">&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: top">
<td style="TEXT-ALIGN: center">&nbsp;</td></tr></table>
<div style="MARGIN-BOTTOM: 6pt; BORDER-BOTTOM: black 4pt solid; MARGIN-TOP: 12pt">
<table style="TEXT-INDENT: 0;FONT-SIZE: 10pt; WIDTH: 100%; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0">

<tr style="VERTICAL-ALIGN: top; TEXT-ALIGN: left">
<td style="WIDTH: 100%; TEXT-ALIGN: center">92</td></tr></table></div>
<div style="PAGE-BREAK-BEFORE: always; MARGIN-TOP: 6pt">&nbsp;</div>
<table style="TEXT-INDENT: 0;FONT-SIZE: 10pt; WIDTH: 100%; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0">

<tr style="VERTICAL-ALIGN: top">
<td style="WIDTH: 9%; TEXT-ALIGN: center">&nbsp;</td>
<td style="WIDTH: 48%">&nbsp;</td>
<td style="WIDTH: 43%">&nbsp;</td></tr>
<tr style="VERTICAL-ALIGN: top">
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center"><b>Item No.</b></td>
<td style="BORDER-BOTTOM: black 1pt solid"><b>Item</b></td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center"><b>Method of Filing</b></td></tr>
<tr style="VERTICAL-ALIGN: top">
<td style="TEXT-ALIGN: center">31.1</td>
<td>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">Certification of President and Chief Executive Officer Pursuant to SEC Rule 13a-14(a), as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p></td>
<td>
<p style="FONT-SIZE: 10pt; TEXT-ALIGN: center; MARGIN: 0pt 0px"></p>
<p style="FONT-SIZE: 10pt; TEXT-ALIGN: center; MARGIN: 0pt 0px">Filed herewith</p></td></tr>
<tr style="VERTICAL-ALIGN: top">
<td style="TEXT-ALIGN: center">31.2</td>
<td>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">Certification of Chief Financial Officer Pursuant to SEC Rule 13a-14(a), as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p></td>
<td style="TEXT-ALIGN: center">Filed herewith</td></tr>
<tr style="VERTICAL-ALIGN: top">
<td style="TEXT-ALIGN: center">32.1</td>
<td>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">Certification of President and Chief Executive Officer Pursuant to Rule 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p></td>
<td style="TEXT-ALIGN: center">Furnished herewith</td></tr>
<tr style="VERTICAL-ALIGN: top">
<td style="TEXT-ALIGN: center">32.2</td>
<td>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">Certification of Chief Financial Officer Pursuant to Rule 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p></td>
<td style="TEXT-ALIGN: center">Furnished herewith</td></tr>
<tr style="VERTICAL-ALIGN: top">
<td style="TEXT-ALIGN: center">101</td>
<td>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">The following materials from Northern Technologies International Corporation&#8217;s Annual Report on Form 10-K for the fiscal year ended August 31, 2016, formatted in XBRL (Extensible Business Reporting Language): (i) the Consolidated Balance Sheets, (ii) the Consolidated Statements of Operations, (iii) the Consolidated Statements of Comprehensive Income (Loss), (iv) the Consolidated Statements of Equity, (v) the Consolidated Statements of Cash Flows, and (vi) Notes to Consolidated Financial Statements</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p></td>
<td style="TEXT-ALIGN: center">Filed herewith</td></tr></table>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">__________________________</p>
<table style="TEXT-INDENT: 0;MARGIN-BOTTOM: 6pt; FONT-SIZE: 10pt; WIDTH: 100%; MARGIN-TOP: 0pt" cellspacing="0" cellpadding="0">

<tr style="VERTICAL-ALIGN: top; TEXT-ALIGN: justify">
<td style="WIDTH: 15pt; TEXT-ALIGN: left">*</td>
<td style="WIDTH: 5pt">&nbsp;</td>
<td style="TEXT-ALIGN: justify">A management contract or compensatory plan or arrangement.</td></tr></table>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</p>
<p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; TEXT-ALIGN: center; MARGIN-TOP: 0pt">93</p>
<div style="MARGIN-BOTTOM: 3pt; MARGIN-TOP: 3pt" align="center">
<div style="FONT-SIZE: 1pt; BORDER-TOP: black 4pt solid; WIDTH: 100%">&nbsp;</div></div>
<p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; TEXT-ALIGN: center; MARGIN-TOP: 0pt"></p>
<p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; TEXT-ALIGN: center; MARGIN-TOP: 0pt"></p>
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</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10.9
<SEQUENCE>2
<FILENAME>exh_109.htm
<DESCRIPTION>EXHIBIT 10.9
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="margin: 0"></P>

<P STYLE="font-size: 10pt; text-align: right; margin: 0pt 0"><B>Exhibit 10.9</B></P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; font-weight: bold; text-transform: uppercase; text-align: center; margin: 0pt 0">NORTHERN TECHNOLOGIES
INTERNATIONAL CORPORATION</P>

<P STYLE="font-size: 10pt; font-weight: bold; text-transform: uppercase; text-align: center; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; font-weight: bold; text-transform: uppercase; text-align: center; margin: 0pt 0">DESCRIPTION OF NON-EMPLOYEE
DIRECTOR<BR>
COMPENSATION ARRANGEMENTS</P>

<P STYLE="font-size: 10pt; font-weight: bold; text-transform: uppercase; text-align: center; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; font-weight: bold; margin: 0pt 0">Overview</P>

<P STYLE="font-size: 10pt; font-weight: bold; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0">NTIC uses a combination of cash and long-term equity-based incentive compensation in
the form of annual stock option grants to attract and retain qualified non-employee candidates to serve on the Board of Directors.</P>

<P STYLE="font-size: 10pt; font-weight: bold; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; font-weight: bold; margin: 0pt 0">Annual Retainers; Meeting Fees</P>

<P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0">Each non-employee director receives an annual retainer of $15,000 for services rendered
as a director of NTIC. The annual retainer is paid quarterly. NTIC&rsquo;s Chairman of the Board receives an additional annual
retainer of $15,000, the Chair of the Audit Committee receives an additional annual retainer of $5,000 and other members of the
Audit Committee received an additional annual retainer of $4,000. Each non-employee director also receives $1,000 for each Board
and strategy review meeting attended and $1,000 for each Audit Committee, Compensation Committee and Nominating and Corporate Governance
Committee meeting attended. No director, however, will earn more than $1,000 per day in Board, Board committee and strategy review
meeting fees. Any director that is an employee of NTIC does not receive any retainer or Board or Committee meeting fees.</P>

<P STYLE="font-size: 10pt; font-weight: bold; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; font-weight: bold; margin: 0pt 0">Stock Options</P>

<P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0">Each non-employee director is automatically granted a ten-year non-qualified option to
purchase 4,000 shares of NTIC common stock in consideration for their services as directors of NTIC and the Chairman of the Board
is automatically granted an additional ten-year non-qualified option to purchase 2,000 shares of NTIC common stock in consideration
for his services as Chairman on the first day of each fiscal year. Each non-employee directors who is elected or appointed to the
Board following the first day of the fiscal year receives an automatic grant of an option to purchase a pro rata portion of 4,000
shares of NTIC common stock calculated by dividing the number of months remaining in the fiscal year at the time of election or
appointment divided by 12, which options are automatically granted at the time of the new director&rsquo;s election or appointment.
Each automatically granted option becomes exercisable, in full on the one-year anniversary of the date of its grant. The exercise
price of such option is equal to the fair market value of a share of NTIC common stock on the date of grant. All such options are
granted under the Northern Technologies International Corporation Amended and Restated 2007 Stock Incentive Plan.</P>

<P STYLE="font-size: 10pt; font-weight: bold; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; font-weight: bold; margin: 0pt 0">Reimbursement of Expenses</P>

<P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0">All directors of NTIC are reimbursed for travel expenses for attending meetings and other
miscellaneous out-of-pocket expenses incurred in performing their Board functions.</P>



<P STYLE="margin: 0"></P>

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</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-21.1
<SEQUENCE>3
<FILENAME>exh_211.htm
<DESCRIPTION>EXHIBIT 21.1
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="margin: 0"></P>

<P STYLE="font-size: 10pt; text-align: right; margin: 0pt 0"><B>Exhibit 21.1</B></P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; font-weight: bold; text-transform: uppercase; text-align: center; margin: 0pt 0">SUBSIDIARIES OF THE
REGISTRANT</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 35%">
        <P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0"><B>&nbsp;</B></P>
        <P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0"><B>&nbsp;</B></P>
        <P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0"><B>&nbsp;</B></P>
        <P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0; border-bottom: Black 0.5pt solid"><B>Name of Subsidiary</B></P></TD>
    <TD STYLE="width: 23%">
        <P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0; border-bottom: Black 0.5pt solid"><B>State or Other <BR>
Jurisdiction
        of <BR>
Incorporation or <BR>
Organization</B></P></TD>
    <TD STYLE="width: 22%; text-align: center">
        <BR>
<P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><BR>
<B>&nbsp;</B></P>
        <P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><B></B></P>
        <P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; border-bottom: Black 0.5pt solid; margin-bottom: 0pt"><B>Ownership
        Interest</B></P></TD>
    <TD STYLE="width: 20%">
        <P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0"><B>&nbsp;</B></P>
        <P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0; border-bottom: Black 0.5pt solid"><B>Names Under Which <BR>
Subsidiary
        Does <BR>
Business</B></P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>
        <P STYLE="font-size: 10pt; margin: 0pt 0">NTI ASEAN LLC</P>
        <P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P></TD>
    <TD STYLE="text-align: center">Delaware</TD>
    <TD STYLE="text-align: center">60%</TD>
    <TD STYLE="text-align: center">Same</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>
        <P STYLE="font-size: 10pt; margin: 0pt 0">Northern Technologies Holding Company, LLC</P>
        <P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P></TD>
    <TD STYLE="text-align: center">Delaware</TD>
    <TD STYLE="text-align: center">100%</TD>
    <TD STYLE="text-align: center">Same</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>
        <P STYLE="font-size: 10pt; margin: 0pt 0">Natur-Tec India Pr&iacute;vate Limited</P>
        <P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P></TD>
    <TD STYLE="text-align: center">India</TD>
    <TD STYLE="text-align: center">90%</TD>
    <TD STYLE="text-align: center">Same</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Zerust Preven&ccedil;&atilde;o de Corros&atilde;o S.A.</TD>
    <TD STYLE="text-align: center">Brazil</TD>
    <TD STYLE="text-align: center">85%</TD>
    <TD STYLE="text-align: center">Same</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>NTIC (Shanghai) Co., Ltd.</TD>
    <TD STYLE="text-align: center">China</TD>
    <TD STYLE="text-align: center">100%</TD>
    <TD STYLE="text-align: center">Same</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>ZERUST-EXCOR MEXICO, S. de R.L. de C.V</TD>
    <TD STYLE="text-align: center">Mexico</TD>
    <TD STYLE="text-align: center">100%</TD>
    <TD STYLE="text-align: center">Same</TD></TR>
</TABLE>
<P STYLE="font-size: 10pt; text-align: right; margin: 0pt 0"><B>&nbsp;</B></P>



<P STYLE="margin: 0"></P>

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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-23.1
<SEQUENCE>4
<FILENAME>exh_231.htm
<DESCRIPTION>EXHIBIT 23.1
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="margin: 0"></P>

<P STYLE="font-size: 10pt; text-align: right; margin: 0pt 0"><B>Exhibit 23.1</B></P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; font-weight: bold; text-transform: uppercase; text-align: center; margin: 0pt 0">CONSENT OF INDEPENDENT
REGISTERED PUBLIC ACCOUNTING FIRM</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0">We consent to the incorporation by reference in the Registration Statements on Form S-8
(File Nos. 333-140244, 333-140245 and 333-171828) of Northern Technologies International Corporation and Subsidiaries of our report
dated November 22, 2016, relating to the consolidated financial statements, which appears on page 58
of this annual report on Form 10-K for the fiscal year ended August 31, 2016.</P>

<P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0">/s/ Baker Tilly Virchow Krause, LLP</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">Minneapolis, Minnesota</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">November 22, 2016</P>



<P STYLE="margin: 0"></P>

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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-31.1
<SEQUENCE>5
<FILENAME>exh_311.htm
<DESCRIPTION>EXHIBIT 31.1
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="margin: 0"></P>

<P STYLE="font-size: 10pt; text-align: right; margin: 0pt 0"><B>Exhibit 31.1</B></P>



<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0"></P>

<P STYLE="margin: 0"></P>

<P STYLE="font-size: 10pt; font-weight: bold; text-transform: uppercase; text-align: center; margin: 0pt 0">CERTIFICATION PURSUANT
TO SECTION 302(a) OF THE SARBANES-OXLEY ACT OF 2002</P>

<P STYLE="font-size: 10pt; font-weight: bold; text-transform: uppercase; text-align: center; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0">I, G. Patrick Lynch, certify that:</P>

<P STYLE="font-size: 10pt; margin: 0pt 0"></P>

<P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt">                                                                                                                                                                                                                                                                                                                                                   <TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD>1.</TD><TD>I have reviewed this annual report on Form
10-K of Northern Technologies International Corporation;</TD></TR>
<TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">2.</TD><TD>Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact
necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with
respect to the period covered by this report;</TD></TR>                                                       <TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD></TR>
</TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">3.</TD><TD>Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in
all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods
presented in this report;</TD></TR>                                   <TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD></TR>
</TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">4.</TD><TD>The registrant&rsquo;s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls
and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined
in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:</TD></TR>                                                                                     <TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD></TR>
</TABLE>

<P STYLE="font-size: 10pt; margin: 0pt 0 0pt 37.4pt">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Designed such disclosure controls
and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material
information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities,
particularly during the period in which this report is being prepared;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0 0pt 37.4pt">&nbsp;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0 0pt 37.4pt">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Designed such internal control
over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide
reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external
reporting purposes in accordance with generally accepted accounting principles;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0 0pt 37.4pt">&nbsp;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0 0pt 37.4pt">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Evaluated the effectiveness of
the registrant&rsquo;s disclosure controls and procedures and presented in this report our conclusions about the effectiveness
of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and</P>

<P STYLE="font-size: 10pt; margin: 0pt 0 0pt 37.4pt">&nbsp;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0 0pt 37.4pt">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Disclosed in this report any
change in the registrant&rsquo;s internal control over financial reporting that occurred during the registrant&rsquo;s most recent
fiscal quarter (the registrant&rsquo;s fourth fiscal quarter in the case of an annual report) that has materially affected, or
is reasonably likely to materially affect, the registrant&rsquo;s internal control over financial reporting; and:</P>

<P STYLE="font-size: 10pt; margin: 0pt 0 0pt 37.4pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">5.</TD><TD>The registrant&rsquo;s other certifying officers and I have disclosed, based on our most recent evaluation of internal controls
over financial reporting, to the registrant&rsquo;s auditors and the audit committee of the registrant&rsquo;s board of directors
(or persons performing the equivalent functions):</TD></TR></TABLE>

<P STYLE="font-size: 10pt; margin: 0pt 0 0pt 0.5in">&nbsp;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0 0pt 0.5in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;All significant deficiencies and
material weaknesses in the design or operation of internal controls over financial reporting which are reasonably likely to adversely
affect the registrant&rsquo;s ability to record, process, summarize and report financial information; and</P>

<P STYLE="font-size: 10pt; margin: 0pt 0 0pt 0.5in">&nbsp;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0 0pt 0.5in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Any fraud, whether or not material,
that involves management or other employees who have a significant role in the registrant&rsquo;s internal controls over financial
reporting.</P>

<P STYLE="font-size: 10pt; margin: 0pt 0 0pt 0.5in">&nbsp;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0 0pt 0.5in"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top; text-align: left">
    <TD STYLE="width: 33%; text-align: left; vertical-align: bottom">Date: November 22, 2016</TD>
    <TD STYLE="width: 34%">&nbsp;</TD>
    <TD STYLE="width: 33%; border-bottom: Black 1pt solid"><IMG SRC="lynch.jpg" ALT="">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>G. Patrick Lynch</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD NOWRAP>President and Chief Executive Officer</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>(principal executive officer)</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
</TABLE>

<P STYLE="font-size: 10pt; margin: 0pt 0 0pt 0.5in"></P>



<P STYLE="margin: 0"></P>

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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-31.2
<SEQUENCE>6
<FILENAME>exh_312.htm
<DESCRIPTION>EXHIBIT 31.2
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="margin: 0"></P>

<P STYLE="font-size: 10pt; text-align: right; margin: 0pt 0"><B>Exhibit 31.2</B></P>



<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0"></P>

<P STYLE="margin: 0"></P>

<P STYLE="font-size: 10pt; font-weight: bold; text-transform: uppercase; text-align: center; margin: 0pt 0">CERTIFICATION PURSUANT
TO SECTION 302(a) OF THE SARBANES-OXLEY ACT OF 2002</P>

<P STYLE="font-size: 10pt; font-weight: bold; text-transform: uppercase; text-align: center; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0">I, Matthew C. Wolsfeld, certify that:</P>

<P STYLE="font-size: 10pt; margin: 0pt 0"></P>

<P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt">                                                                                                                                                                                                                                                                                                                                                   <TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD>1.</TD><TD>I have reviewed
this annual report on Form 10-K of Northern Technologies International Corporation;</TD></TR>
<TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 37.4pt">2.</TD><TD>Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact
necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with
respect to the period covered by this report;</TD></TR>                                                       <TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD></TR>
</TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 37.4pt">3.</TD><TD>Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in
all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods
presented in this report;</TD></TR>                                   <TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD></TR>
</TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 2.8pt"></TD><TD STYLE="width: 34.6pt">4.</TD><TD>The registrant&rsquo;s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls
and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined
in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:</TD></TR>                                                                                     <TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD></TR>
</TABLE>

<P STYLE="font-size: 10pt; margin: 0pt 0 0pt 0.5in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Designed such disclosure controls
and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material
information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities,
particularly during the period in which this report is being prepared;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0 0pt 0.5in">&nbsp;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0 0pt 0.5in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Designed such internal control
over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide
reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external
reporting purposes in accordance with generally accepted accounting principles;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0 0pt 0.5in">&nbsp;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0 0pt 0.5in">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Evaluated the effectiveness of
the registrant&rsquo;s disclosure controls and procedures and presented in this report our conclusions about the effectiveness
of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and</P>

<P STYLE="font-size: 10pt; margin: 0pt 0 0pt 0.5in">&nbsp;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0 0pt 0.5in">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Disclosed in this report any change
in the registrant&rsquo;s internal control over financial reporting that occurred during the registrant&rsquo;s most recent fiscal
quarter (the registrant&rsquo;s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably
likely to materially affect, the registrant&rsquo;s internal control over financial reporting; and:</P>

<P STYLE="font-size: 10pt; margin: 0pt 0 0pt 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 2.8pt"></TD><TD STYLE="width: 34.6pt">5.</TD><TD>The registrant&rsquo;s other certifying officers and I have disclosed, based on our most recent evaluation of internal controls
over financial reporting, to the registrant&rsquo;s auditors and the audit committee of the registrant&rsquo;s board of directors
(or persons performing the equivalent functions):</TD></TR></TABLE>

<P STYLE="font-size: 10pt; margin: 0pt 0 0pt 0.5in">&nbsp;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0 0pt 0.5in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;All significant deficiencies and
material weaknesses in the design or operation of internal controls over financial reporting which are reasonably likely to adversely
affect</P>

<P STYLE="font-size: 10pt; margin: 0pt 0 0pt 0.5in">the registrant&rsquo;s ability to record, process, summarize and report financial information; and</P>

<P STYLE="font-size: 10pt; margin: 0pt 0 0pt 0.5in">&nbsp;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0 0pt 0.5in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Any fraud, whether or not material,
that involves management or other employees who have a significant role in the registrant&rsquo;s internal controls over financial
reporting.</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0 0pt 0.5in">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0 0pt 0.5in"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top; text-align: left">
    <TD STYLE="width: 33%; text-align: left; vertical-align: bottom">Date: November 22, 2016</TD>
    <TD STYLE="width: 34%">&nbsp;</TD>
    <TD STYLE="width: 33%; border-bottom: Black 1pt solid">&nbsp;<IMG SRC="wolsfeld.jpg" ALT=""></TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>Matthew C. Wolsfeld, CPA</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD NOWRAP>Chief Financial Officer and Corporate Secretary</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>(principal financial officer)</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
</TABLE>
<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0 0pt 0.5in">&nbsp;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0; text-indent: 256.5pt"></P>

<P STYLE="font-size: 10pt; margin: 0pt 0; text-indent: 256.5pt"></P>

<P STYLE="font-size: 10pt; margin: 0pt 0; text-indent: 256.5pt"></P>



<P STYLE="margin: 0"></P>

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-32.1
<SEQUENCE>7
<FILENAME>exh_321.htm
<DESCRIPTION>EXHIBIT 32.1
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="margin: 0"></P>

<P STYLE="font-size: 10pt; text-align: right; margin: 0pt 0 0pt 2.8in"><B>Exhibit 32.1</B></P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0 0pt 2.8in"><B>&nbsp;</B></P>

<P STYLE="font-size: 10pt; font-weight: bold; text-transform: uppercase; text-align: center; margin: 0pt 0"></P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt"><B>CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350, AS ADOPTED
PURSUANT<BR>
TO SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002</B></P>

<P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0">In connection with the Annual Report of Northern Technologies International Corporation
(the &ldquo;Company&rdquo;) on Form 10-K for the period ending August 31, 2016 as filed with the Securities and Exchange Commission
on the date hereof (the &ldquo;Report&rdquo;), I, G. Patrick Lynch, President and Chief Executive Officer of the Company, certify,
pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that, to the best of
my knowledge and belief:</P>

<P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 36pt"></TD><TD STYLE="width: 52.5pt">(1)</TD><TD>The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and</TD></TR></TABLE>

<P STYLE="font-size: 10pt; text-indent: -52.5pt; margin: 0pt 0 0pt 88.5pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 36pt"></TD><TD STYLE="width: 52.5pt">(2)</TD><TD>The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations
of the Company.</TD></TR></TABLE>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top; text-align: left">
    <TD STYLE="width: 33%">&nbsp;</TD>
    <TD STYLE="width: 34%">&nbsp;</TD>
    <TD STYLE="width: 33%; border-bottom: Black 1pt solid"><IMG SRC="lynch.jpg" ALT="">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>G. Patrick. Lynch</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD NOWRAP>President and Chief Executive Officer</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>(principal executive officer)</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
</TABLE>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0"></P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0"></P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">Circle Pines, Minnesota</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">November 22, 2016</P>



<P STYLE="margin: 0"></P>

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-32.2
<SEQUENCE>8
<FILENAME>exh_322.htm
<DESCRIPTION>EXHIBIT 32.2
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="margin: 0"></P>

<P STYLE="font-size: 10pt; text-align: right; margin: 0pt 0"><B>Exhibit 32.2</B></P>

<P STYLE="font-size: 10pt; font-weight: bold; text-transform: uppercase; text-align: center; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt"><B>CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350, AS ADOPTED
PURSUANT<BR>
TO SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002</B></P>

<P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0">In connection with the Annual Report of Northern Technologies International Corporation
(the &ldquo;Company&rdquo;) on Form 10-K for the period ending August 31, 2016 as filed with the Securities and Exchange Commission
on the date hereof (the &ldquo;Report&rdquo;), I, Matthew C. Wolsfeld, Chief Financial Officer of the Company, certify, pursuant
to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that, to the best of my knowledge
and belief:</P>

<P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 36pt"></TD><TD STYLE="width: 52.5pt">(1)</TD><TD>The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and</TD></TR></TABLE>

<P STYLE="font-size: 10pt; text-indent: -52.5pt; margin: 0pt 0 0pt 88.5pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 36pt"></TD><TD STYLE="width: 52.5pt">(2)</TD><TD>The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations
of the Company.</TD></TR></TABLE>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top; text-align: left">
    <TD STYLE="width: 33%">&nbsp;</TD>
    <TD STYLE="width: 34%">&nbsp;</TD>
    <TD STYLE="width: 33%; border-bottom: Black 1pt solid">&nbsp;<IMG SRC="wolsfeld.jpg" ALT=""></TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>Matthew C. Wolsfeld, CPA</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD NOWRAP>Chief Financial Officer and Corporate Secretary <BR>
(principal financial officer and principal accounting officer)</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
</TABLE>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0"></P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0"></P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">Circle Pines, Minnesota</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">November 22, 2016</P>

<P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P>



<P STYLE="margin: 0"></P>

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-101.INS
<SEQUENCE>9
<FILENAME>ntic-20160831.xml
<DESCRIPTION>XBRL INSTANCE FILE
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  <ntic:NumberOfJointVenturesAccountedForCertainPercentageOfCompanysTradeJointVentureReceivables contextRef="d_2014-09-01_2015-08-31" decimals="INF" id="c11645058" unitRef="xbrli-pure">4</ntic:NumberOfJointVenturesAccountedForCertainPercentageOfCompanysTradeJointVentureReceivables>
  <ntic:NumberOfStockBasedCompensationPlans contextRef="d_2015-09-01_2016-05-31" decimals="INF" id="c11644930" unitRef="xbrli-pure">2</ntic:NumberOfStockBasedCompensationPlans>
  <ntic:OperatingLeasesMonthlyRentExpense contextRef="d_2015-09-01_2016-08-31_LeaseArrangementTypeAxis-OfficeAndWarehouseSpaceMember_RangeAxis-MinimumMember_StatementGeographicalAxis-UnitedStatesChinaIndiaGermanyAndBrazilMember" decimals="INF" id="c11645066" unitRef="iso4217-usd">1090</ntic:OperatingLeasesMonthlyRentExpense>
  <ntic:OperatingLeasesMonthlyRentExpense contextRef="d_2015-09-01_2016-08-31_LeaseArrangementTypeAxis-OfficeAndWarehouseSpaceMember_RangeAxis-MaximumMember_StatementGeographicalAxis-UnitedStatesChinaIndiaGermanyAndBrazilMember" decimals="INF" id="c11645067" unitRef="iso4217-usd">11539</ntic:OperatingLeasesMonthlyRentExpense>
  <ntic:PercentageOfIndividualBonusPayoutDeterminedByActualVersusTargetedEBITOIResults contextRef="d_2015-09-01_2016-08-31_DeferredCompensationArrangementWithIndividualExcludingShareBasedPaymentsAndPostretirementBenefitsByTypeOfDeferredCompensationAxis-Fiscal2017BonusPlanMember_TitleOfIndividualAxis-ExecutiveOfficerMember" decimals="INF" id="c11645040" unitRef="xbrli-pure">0.75</ntic:PercentageOfIndividualBonusPayoutDeterminedByActualVersusTargetedEBITOIResults>
  <ntic:PercentageOfIndividualBonusPayoutDeterminedByActualVersusTargetedEBITOIResults contextRef="d_2015-09-01_2016-08-31_DeferredCompensationArrangementWithIndividualExcludingShareBasedPaymentsAndPostretirementBenefitsByTypeOfDeferredCompensationAxis-Fiscal2016BonusPlanMember_TitleOfIndividualAxis-ExecutiveOfficerMember" decimals="INF" id="c11645047" unitRef="xbrli-pure">0.75</ntic:PercentageOfIndividualBonusPayoutDeterminedByActualVersusTargetedEBITOIResults>
  <ntic:PercentageOfIndividualsPayoutDeterminedUponAchievementOfCertainPreEstablishedIndividualPerformanceObjectives contextRef="d_2015-09-01_2016-08-31_DeferredCompensationArrangementWithIndividualExcludingShareBasedPaymentsAndPostretirementBenefitsByTypeOfDeferredCompensationAxis-Fiscal2017BonusPlanMember_TitleOfIndividualAxis-ExecutiveOfficerMember" decimals="INF" id="c11645043" unitRef="xbrli-pure">0.25</ntic:PercentageOfIndividualsPayoutDeterminedUponAchievementOfCertainPreEstablishedIndividualPerformanceObjectives>
  <ntic:PercentageOfIndividualsPayoutDeterminedUponAchievementOfCertainPreEstablishedIndividualPerformanceObjectives contextRef="d_2015-09-01_2016-08-31_DeferredCompensationArrangementWithIndividualExcludingShareBasedPaymentsAndPostretirementBenefitsByTypeOfDeferredCompensationAxis-Fiscal2016BonusPlanMember_TitleOfIndividualAxis-ExecutiveOfficerMember" decimals="INF" id="c11645050" unitRef="xbrli-pure">0.25</ntic:PercentageOfIndividualsPayoutDeterminedUponAchievementOfCertainPreEstablishedIndividualPerformanceObjectives>
  <ntic:PropertyAndEquipmentUsefulLifeTableTextBlock contextRef="d_2015-09-01_2016-08-31" id="c-17">&lt;div style="display: inline; font-family: times new roman; font-size: 10pt"&gt;&lt;table style="TEXT-INDENT: 0;WIDTH: 100%; BORDER-COLLAPSE: collapse;; width: 700px;" cellspacing="0" cellpadding="0"&gt; &lt;tr style="VERTICAL-ALIGN: bottom"&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 50%; TEXT-ALIGN: left; PADDING-LEFT: 1.7in" nowrap="nowrap"&gt;Buildings and improvements (years)&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 4%; TEXT-ALIGN: center"&gt;5&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 4%; TEXT-ALIGN: center"&gt;-&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 4%; TEXT-ALIGN: center"&gt;30&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 37%; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom"&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left; PADDING-LEFT: 1.7in"&gt;Machinery and equipment (years)&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: center"&gt;3&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: center"&gt;-&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: center"&gt;10&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;/table&gt;&lt;/div&gt;</ntic:PropertyAndEquipmentUsefulLifeTableTextBlock>
  <ntic:ReceivablesFromJointVenturesPolicyPolicyTextBlock contextRef="d_2015-09-01_2016-08-31" id="c11645144">&lt;div style="display: inline; font-family: times new roman; font-size: 10pt"&gt;&lt;div style="display: inline; font-family: times new roman; font-size: 10pt"&gt;&lt;div style="display: inline; font-family: times new roman; font-size: 10pt"&gt;&lt;div style="display: inline; font-family: times new roman; font-size: 10pt"&gt;&lt;div style="display: inline; font-family: times new roman; font-size: 10pt"&gt;&lt;div style="display: inline; font-family: times new roman; font-size: 10pt"&gt;&lt;div style="display: inline; font-family: times new roman; font-size: 10pt"&gt;&lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;&lt;div style="display: inline; font-style: italic;"&gt;Trade Receivables from Joint Ventures &lt;/div&gt;&amp;#x2013; Trade receivables from joint ventures arise from sales of products the Company makes to its joint ventures. Payment terms for the Company&amp;#x2019;s joint ventures also are determined based on credit risk; however, additional consideration also is given to the individual joint venture due to the transportation time associated with ocean delivery of most products and certain other factors. Generally, accounts receivable from the Company&amp;#x2019;s joint ventures unpaid after 90 days are considered past due. The Company does not accrue interest on past due balances. The Company periodically reviews amounts due from its joint ventures for collectability, and based on past experience and continuous review of the balances due, determined an allowance for doubtful accounts related to its joint venture receivables is not necessary at August 31, 2016 or 2015.&lt;/div&gt;&lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;&amp;nbsp;&lt;/div&gt;&lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;&lt;div style="display: inline; font-style: italic;"&gt;Fees for Services Provided to Joint Ventures &amp;#x2013; &lt;/div&gt;The Company provides services to its joint ventures including consulting, legal, travel, insurance, technical and marketing services. The Company receives fees for the services it provides to its joint ventures. The fees for services received by the Company from its joint ventures are generally based on either a flat fee or a percentage of net sales by the Company&amp;#x2019;s joint ventures depending on local laws and tax regulations. The Company recognizes revenues related to fees for services provided to its joint ventures when earned, amounts are determinable and collectability is reasonably assured. Under the Company&amp;#x2019;s agreements with its joint ventures, amounts are earned when product is shipped from joint venture facilities. The Company reviews the financial situation of each of its joint ventures to assist in the likelihood of collections on amounts earned. The Company accounts for these fees on a cash basis if uncertainty exists surrounding the collection of such fees.&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;</ntic:ReceivablesFromJointVenturesPolicyPolicyTextBlock>
  <ntic:ReconciliationOfCostOfGoodsSoldFromSegmentsToConsolidatedTableTextBlock contextRef="d_2015-09-01_2016-08-31" id="c-29">&lt;div style="display: inline; font-family: times new roman; font-size: 10pt"&gt;&lt;table style="TEXT-INDENT: 0;WIDTH: 100%; BORDER-COLLAPSE: collapse;; width: 700px;" cellspacing="0" cellpadding="0"&gt; &lt;tr style="VERTICAL-ALIGN: bottom"&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3" nowrap="nowrap"&gt;Fiscal 2016&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3" nowrap="nowrap"&gt;Fiscal 2015&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify"&gt;Direct cost of goods sold&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 74%; TEXT-ALIGN: justify; TEXT-INDENT: 10pt"&gt;&lt;div style="display: inline; FONT-SIZE: 10pt"&gt;ZERUST&lt;div style="display: inline; bottom:.33em; font-size: 82%; position: relative; vertical-align: baseline; vertical-align: baseline; position: relative; bottom:.33em;"&gt;&amp;reg;&lt;/div&gt;&lt;/div&gt;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left"&gt;$&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right"&gt;15,588,133&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left"&gt;$&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right"&gt;14,399,456&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; TEXT-INDENT: 10pt"&gt;&lt;div style="display: inline; FONT-SIZE: 10pt"&gt;Natur-Tec&lt;div style="display: inline; bottom:.33em; font-size: 82%; position: relative; vertical-align: baseline; vertical-align: baseline; position: relative; bottom:.33em;"&gt;&amp;reg;&lt;/div&gt;&lt;/div&gt;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;4,076,249&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;3,232,353&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"&gt; &lt;td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt; TEXT-ALIGN: justify"&gt;Indirect cost of goods sold&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"&gt;2,655,774&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"&gt;2,924,124&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; TEXT-INDENT: 20pt"&gt;Total net cost of goods sold&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;$&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;22,320,156&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;$&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;20,555,932&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;/table&gt;&lt;/div&gt;</ntic:ReconciliationOfCostOfGoodsSoldFromSegmentsToConsolidatedTableTextBlock>
  <ntic:TotalFeesForServicesProvidedToJointVenturesGeographicLocation contextRef="d_2015-09-01_2016-08-31_StatementGeographicalAxis-DE" decimals="INF" id="c11644641" unitRef="iso4217-usd">845857</ntic:TotalFeesForServicesProvidedToJointVenturesGeographicLocation>
  <ntic:TotalFeesForServicesProvidedToJointVenturesGeographicLocation contextRef="d_2014-09-01_2015-08-31_StatementGeographicalAxis-DE" decimals="INF" id="c11644642" unitRef="iso4217-usd">873400</ntic:TotalFeesForServicesProvidedToJointVenturesGeographicLocation>
  <ntic:TotalFeesForServicesProvidedToJointVenturesGeographicLocation contextRef="d_2015-09-01_2016-08-31_StatementGeographicalAxis-JP" decimals="INF" id="c11644643" unitRef="iso4217-usd">646015</ntic:TotalFeesForServicesProvidedToJointVenturesGeographicLocation>
  <ntic:TotalFeesForServicesProvidedToJointVenturesGeographicLocation contextRef="d_2014-09-01_2015-08-31_StatementGeographicalAxis-JP" decimals="INF" id="c11644644" unitRef="iso4217-usd">599108</ntic:TotalFeesForServicesProvidedToJointVenturesGeographicLocation>
  <ntic:TotalFeesForServicesProvidedToJointVenturesGeographicLocation contextRef="d_2015-09-01_2016-08-31_StatementGeographicalAxis-PL" decimals="INF" id="c11644645" unitRef="iso4217-usd">599391</ntic:TotalFeesForServicesProvidedToJointVenturesGeographicLocation>
  <ntic:TotalFeesForServicesProvidedToJointVenturesGeographicLocation contextRef="d_2014-09-01_2015-08-31_StatementGeographicalAxis-PL" decimals="INF" id="c11644646" unitRef="iso4217-usd">600255</ntic:TotalFeesForServicesProvidedToJointVenturesGeographicLocation>
  <ntic:TotalFeesForServicesProvidedToJointVenturesGeographicLocation contextRef="d_2015-09-01_2016-08-31_StatementGeographicalAxis-TH" decimals="INF" id="c11644647" unitRef="iso4217-usd">537212</ntic:TotalFeesForServicesProvidedToJointVenturesGeographicLocation>
  <ntic:TotalFeesForServicesProvidedToJointVenturesGeographicLocation contextRef="d_2014-09-01_2015-08-31_StatementGeographicalAxis-TH" decimals="INF" id="c11644648" unitRef="iso4217-usd">554881</ntic:TotalFeesForServicesProvidedToJointVenturesGeographicLocation>
  <ntic:TotalFeesForServicesProvidedToJointVenturesGeographicLocation contextRef="d_2015-09-01_2016-08-31_StatementGeographicalAxis-GB" decimals="INF" id="c11644649" unitRef="iso4217-usd">386761</ntic:TotalFeesForServicesProvidedToJointVenturesGeographicLocation>
  <ntic:TotalFeesForServicesProvidedToJointVenturesGeographicLocation contextRef="d_2014-09-01_2015-08-31_StatementGeographicalAxis-GB" decimals="INF" id="c11644650" unitRef="iso4217-usd">396514</ntic:TotalFeesForServicesProvidedToJointVenturesGeographicLocation>
  <ntic:TotalFeesForServicesProvidedToJointVenturesGeographicLocation contextRef="d_2015-09-01_2016-08-31_StatementGeographicalAxis-KR" decimals="INF" id="c11644651" unitRef="iso4217-usd">352393</ntic:TotalFeesForServicesProvidedToJointVenturesGeographicLocation>
  <ntic:TotalFeesForServicesProvidedToJointVenturesGeographicLocation contextRef="d_2014-09-01_2015-08-31_StatementGeographicalAxis-KR" decimals="INF" id="c11644652" unitRef="iso4217-usd">192539</ntic:TotalFeesForServicesProvidedToJointVenturesGeographicLocation>
  <ntic:TotalFeesForServicesProvidedToJointVenturesGeographicLocation contextRef="d_2015-09-01_2016-08-31_StatementGeographicalAxis-FR" decimals="INF" id="c11644653" unitRef="iso4217-usd">329805</ntic:TotalFeesForServicesProvidedToJointVenturesGeographicLocation>
  <ntic:TotalFeesForServicesProvidedToJointVenturesGeographicLocation contextRef="d_2014-09-01_2015-08-31_StatementGeographicalAxis-FR" decimals="INF" id="c11644654" unitRef="iso4217-usd">412608</ntic:TotalFeesForServicesProvidedToJointVenturesGeographicLocation>
  <ntic:TotalFeesForServicesProvidedToJointVenturesGeographicLocation contextRef="d_2015-09-01_2016-08-31_StatementGeographicalAxis-IN" decimals="INF" id="c11644655" unitRef="iso4217-usd">300506</ntic:TotalFeesForServicesProvidedToJointVenturesGeographicLocation>
  <ntic:TotalFeesForServicesProvidedToJointVenturesGeographicLocation contextRef="d_2014-09-01_2015-08-31_StatementGeographicalAxis-IN" decimals="INF" id="c11644656" unitRef="iso4217-usd">277548</ntic:TotalFeesForServicesProvidedToJointVenturesGeographicLocation>
  <ntic:TotalFeesForServicesProvidedToJointVenturesGeographicLocation contextRef="d_2015-09-01_2016-08-31_StatementGeographicalAxis-SE" decimals="INF" id="c11644657" unitRef="iso4217-usd">265745</ntic:TotalFeesForServicesProvidedToJointVenturesGeographicLocation>
  <ntic:TotalFeesForServicesProvidedToJointVenturesGeographicLocation contextRef="d_2014-09-01_2015-08-31_StatementGeographicalAxis-SE" decimals="INF" id="c11644658" unitRef="iso4217-usd">323610</ntic:TotalFeesForServicesProvidedToJointVenturesGeographicLocation>
  <ntic:TotalFeesForServicesProvidedToJointVenturesGeographicLocation contextRef="d_2015-09-01_2016-08-31_StatementGeographicalAxis-FI" decimals="INF" id="c11644659" unitRef="iso4217-usd">252578</ntic:TotalFeesForServicesProvidedToJointVenturesGeographicLocation>
  <ntic:TotalFeesForServicesProvidedToJointVenturesGeographicLocation contextRef="d_2014-09-01_2015-08-31_StatementGeographicalAxis-FI" decimals="INF" id="c11644660" unitRef="iso4217-usd">281620</ntic:TotalFeesForServicesProvidedToJointVenturesGeographicLocation>
  <ntic:TotalFeesForServicesProvidedToJointVenturesGeographicLocation contextRef="d_2015-09-01_2016-08-31_StatementGeographicalAxis-CZ" decimals="INF" id="c11644661" unitRef="iso4217-usd">237062</ntic:TotalFeesForServicesProvidedToJointVenturesGeographicLocation>
  <ntic:TotalFeesForServicesProvidedToJointVenturesGeographicLocation contextRef="d_2014-09-01_2015-08-31_StatementGeographicalAxis-CZ" decimals="INF" id="c11644662" unitRef="iso4217-usd">229185</ntic:TotalFeesForServicesProvidedToJointVenturesGeographicLocation>
  <ntic:TotalFeesForServicesProvidedToJointVenturesGeographicLocation contextRef="d_2015-09-01_2016-08-31_StatementGeographicalAxis-CN" decimals="INF" id="c11644663" unitRef="iso4217-usd">0</ntic:TotalFeesForServicesProvidedToJointVenturesGeographicLocation>
  <ntic:TotalFeesForServicesProvidedToJointVenturesGeographicLocation contextRef="d_2014-09-01_2015-08-31_StatementGeographicalAxis-CN" decimals="INF" id="c11644664" unitRef="iso4217-usd">494080</ntic:TotalFeesForServicesProvidedToJointVenturesGeographicLocation>
  <ntic:TotalFeesForServicesProvidedToJointVenturesGeographicLocation contextRef="d_2015-09-01_2016-08-31_StatementGeographicalAxis-OtherCountriesMember" decimals="INF" id="c11644665" unitRef="iso4217-usd">384385</ntic:TotalFeesForServicesProvidedToJointVenturesGeographicLocation>
  <ntic:TotalFeesForServicesProvidedToJointVenturesGeographicLocation contextRef="d_2014-09-01_2015-08-31_StatementGeographicalAxis-OtherCountriesMember" decimals="INF" id="c11644666" unitRef="iso4217-usd">480143</ntic:TotalFeesForServicesProvidedToJointVenturesGeographicLocation>
  <ntic:TotalFeesForServicesProvidedToJointVenturesGeographicLocation contextRef="d_2015-09-01_2016-08-31" decimals="INF" id="c11644667" unitRef="iso4217-usd">5137710</ntic:TotalFeesForServicesProvidedToJointVenturesGeographicLocation>
  <ntic:TotalFeesForServicesProvidedToJointVenturesGeographicLocation contextRef="d_2014-09-01_2015-08-31" decimals="INF" id="c11644668" unitRef="iso4217-usd">5715491</ntic:TotalFeesForServicesProvidedToJointVenturesGeographicLocation>
  <ntic:TradeReceivablesExcludingJointVenturesNetCurrent contextRef="i_2016-08-31" decimals="INF" id="c11644142" unitRef="iso4217-usd">4755320</ntic:TradeReceivablesExcludingJointVenturesNetCurrent>
  <ntic:TradeReceivablesExcludingJointVenturesNetCurrent contextRef="i_2015-08-31" decimals="INF" id="c11644143" unitRef="iso4217-usd">4027167</ntic:TradeReceivablesExcludingJointVenturesNetCurrent>
  <ntic:TradeReceivablesJointVenturesCurrent contextRef="i_2016-08-31" decimals="INF" id="c11644144" unitRef="iso4217-usd">791903</ntic:TradeReceivablesJointVenturesCurrent>
  <ntic:TradeReceivablesJointVenturesCurrent contextRef="i_2015-08-31" decimals="INF" id="c11644145" unitRef="iso4217-usd">645377</ntic:TradeReceivablesJointVenturesCurrent>
  <us-gaap:AccountsPayableCurrent contextRef="i_2016-08-31" decimals="INF" id="c11644177" unitRef="iso4217-usd">2753903</us-gaap:AccountsPayableCurrent>
  <us-gaap:AccountsPayableCurrent contextRef="i_2015-08-31" decimals="INF" id="c11644178" unitRef="iso4217-usd">2101175</us-gaap:AccountsPayableCurrent>
  <us-gaap:AccruedBonusesCurrentAndNoncurrent contextRef="i_2016-08-31" decimals="INF" id="c11645054" unitRef="iso4217-usd">450000</us-gaap:AccruedBonusesCurrentAndNoncurrent>
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  <us-gaap:CashAndCashEquivalentsPolicyTextBlock contextRef="d_2015-09-01_2016-08-31" id="c11645145">&lt;div style="display: inline; font-family: times new roman; font-size: 10pt"&gt;&lt;div style="display: inline; font-family: times new roman; font-size: 10pt"&gt;&lt;div style="display: inline; font-family: times new roman; font-size: 10pt"&gt;&lt;div style="display: inline; font-family: times new roman; font-size: 10pt"&gt;&lt;div style="display: inline; font-family: times new roman; font-size: 10pt"&gt;&lt;div style="display: inline; font-family: times new roman; font-size: 10pt"&gt;&lt;div style="display: inline; font-family: times new roman; font-size: 10pt"&gt;&lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;&lt;div style="display: inline; font-style: italic;"&gt;Cash and Cash Equivalents&lt;/div&gt; - The Company includes as cash and cash equivalents highly liquid, short-term investments with maturity of three months or less when purchased, which are readily convertible into known amounts of cash. The Company maintains its cash in high quality financial institutions. The balances, at times, may exceed federally insured limits.&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;</us-gaap:CashAndCashEquivalentsPolicyTextBlock>
  <us-gaap:CashFlowSupplementalDisclosuresTextBlock contextRef="d_2015-09-01_2016-08-31" id="s382862">&lt;div style="display: inline; font-family: times new roman; font-size: 10pt"&gt;&lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;&lt;div style="display: inline; font-weight: bold;"&gt;17. STATEMENTS OF CASH FLOWS&lt;/div&gt;&lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;&amp;nbsp;&lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;Supplemental disclosures of cash flow information consist of:&lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;&amp;nbsp;&lt;/div&gt; &lt;div&gt; &lt;table style="TEXT-INDENT: 0;WIDTH: 100%; BORDER-COLLAPSE: collapse; width: 700px;" cellspacing="0" cellpadding="0"&gt;  &lt;tr style="VERTICAL-ALIGN: bottom"&gt; &lt;td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; TEXT-ALIGN: justify"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="7"&gt;Fiscal Year Ended &lt;br /&gt;August 31,&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom"&gt; &lt;td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; TEXT-ALIGN: justify"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3"&gt;2016&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3"&gt;2015&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 74%; TEXT-ALIGN: left"&gt;Cash paid during the year for income tax&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left"&gt;$&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right"&gt;610,000&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left"&gt;$&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right"&gt;542,000&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;Cash paid during the year for interest&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;13,261&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;20,960&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt;  &lt;/table&gt; &lt;/div&gt;&lt;/div&gt;</us-gaap:CashFlowSupplementalDisclosuresTextBlock>
  <us-gaap:CommitmentsAndContingencies contextRef="i_2016-08-31" id="c11645161" unitRef="iso4217-usd" xs:nil="true"/>
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  <us-gaap:CommitmentsAndContingenciesDisclosureTextBlock contextRef="d_2015-09-01_2016-08-31" id="s382860">&lt;div style="display: inline; font-family: times new roman; font-size: 10pt"&gt;&lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;&lt;div style="display: inline; font-weight: bold;"&gt;16. COMMITMENTS AND CONTINGENCIES &lt;/div&gt;&lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;&amp;nbsp;&lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;On August 26, 2016, the Compensation Committee of the Board of Directors of the Company approved the material terms of an annual bonus plan for the Company&amp;#x2019;s executive officers as well as certain officers and employees for the fiscal year ending August 31, 2017. For fiscal 2017 as in past years, the total amount available under the bonus plan for all plan participants, including executive officers, is dependent upon the Company&amp;#x2019;s earnings before interest, taxes and other income, as adjusted to take into account amounts to be paid under the bonus plan and certain other adjustments (Adjusted EBITOI). Each plan participant&amp;#x2019;s percentage of the overall bonus pool is based upon the number of plan participants, the individual&amp;#x2019;s annual base salary and the individual&amp;#x2019;s position and level of responsibility within the company. In the case of each of the Company&amp;#x2019;s executive officer participants, 75% of the amount of their individual bonus payout will be determined based upon the Company&amp;#x2019;s actual EBITOI for fiscal 2017 compared to a pre-established target EBITOI for fiscal 2017 and 25% of the payout will be determined based upon such executive officer&amp;#x2019;s achievement of certain pre-established individual performance objectives. The payment of bonuses under the plan are discretionary and may be paid to executive officer participants in both cash and shares of NTIC common stock, the exact amount and percentages will be determined by the Company&amp;#x2019;s Board of Directors, upon recommendation of the Compensation Committee, after the completion of the Company&amp;#x2019;s consolidated financial statements for fiscal 2017.&lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;&amp;nbsp;&lt;/div&gt;    &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;On August 18, 2015, the Compensation Committee of the Board of Directors of the Company approved the material terms of an annual bonus plan for the Company&amp;#x2019;s executive officers as well as certain officers and employees for the fiscal year ending August 31, 2016. For fiscal 2016 as in past years, the total amount available under the bonus plan for all plan participants, including executive officers, is dependent upon the Company&amp;#x2019;s earnings before interest, taxes and other income, as adjusted to take into account amounts to be paid under the bonus plan and certain other adjustments (Adjusted EBITOI). Each plan participant&amp;#x2019;s percentage of the overall bonus pool is based upon the number of plan participants, the individual&amp;#x2019;s annual base salary and the individual&amp;#x2019;s position and level of responsibility within the company. In the case of each of the Company&amp;#x2019;s executive officer participants, 75% of the amount of their individual bonus payout will be determined based upon the Company&amp;#x2019;s actual EBITOI for fiscal 2016 compared to a pre-established target EBITOI for fiscal 2016 and 25% of the payout will be determined based upon such executive officer&amp;#x2019;s achievement of certain pre-established individual performance objectives. The payment of bonuses under the plan are discretionary and may be paid to executive officer participants in both cash and shares of NTIC common stock, the exact amount and percentages will be determined by the Company&amp;#x2019;s Board of Directors, upon recommendation of the Compensation Committee, after the completion of the Company&amp;#x2019;s consolidated financial statements for fiscal 2016.&lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;&amp;nbsp;&lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;Accrued bonuses as of August 31, 2016 and 2015 were $450,000 and $620,000, respectively.&lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;&amp;nbsp;&lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;Three joint ventures (consisting of the Company&amp;#x2019;s joint ventures in Korea, India and Thailand) accounted for 55.8% of the Company&amp;#x2019;s trade joint venture receivables at August 31, 2016. Four joint ventures (consisting of the Company&amp;#x2019;s joint ventures in Korea, India, Thailand and Tianjin Zerust) accounted for 67.0% of the Company&amp;#x2019;s trade joint venture receivables at August 31, 2015.&lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;&amp;nbsp;&lt;/div&gt;  &lt;div style=" font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"&gt;On March 23, 2015, the Company and NTI Asean filed a lawsuit in Tianjin No 1 Intermediate People&amp;#x2019;s Court against two individuals, Mr. Tao Meng and his wife, Ms. Hui Xu, related to breaches of duties and contractual commitments owed to NTI Asean under certain agreements related to the Company&amp;#x2019;s former joint venture in China, Tianjin Zerust Anti-Corrosion Technologies Ltd. The lawsuit alleges, among other things, that Mr. Tao Meng and Ms. Hui Xu have engaged in self-dealing, usurped business opportunities, and received economic benefits that were required to go to Tianjin Zerust. As of August 31, 2016, the Company is not able to reasonably estimate the amount of any recovery to NTI Asean, if any.&lt;/div&gt; &lt;div style=" font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"&gt;&amp;nbsp;&lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;On April 21, 2015, the Company and NTI Asean initiated a lawsuit in the District Court for the Second Judicial District, County of Ramsey, State of Minnesota against Cortec Corporation alleging, among other things, that Cortec Corporation aided and abetted breaches of duties and contractual commitments owed to the Company and NTI Asean related to the Company&amp;#x2019;s joint venture in China, Tianjin Zerust. The case has been set for a mandatory settlement conference with the court on May 30, 2017 and the case will be set for the trial block beginning July 31, 2017 and ending August 18, 2017.&amp;nbsp;&lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;&amp;nbsp;&lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;From time to time, the Company is subject to various other claims and legal actions in the ordinary course of its business. The Company records a liability in its consolidated financial statements for costs related to claims, including future legal costs, settlements and judgments, where the Company has assessed that a loss is probable and an amount could be reasonably estimated. If the reasonable estimate of a probable loss is a range, the Company records the most probable estimate of the loss or the minimum amount when no amount within the range is a better estimate than any other amount. The Company discloses a contingent liability even if the liability is not probable or the amount is not estimable, or both, if there is a reasonable possibility that material loss may be have been incurred. In the opinion of management, as of August 31, 2016, the amount of liability, if any, with respect to these matters, individually or in the aggregate, will not materially affect the Company&amp;#x2019;s consolidated results of operations, financial position or cash flows.&lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;&amp;nbsp;&lt;/div&gt;      &lt;div style=" font-size: 10pt; margin: 0pt 0"&gt;The Company has leases for office and warehouse space in the United States of America, China, India, Germany and Brazil with monthly rents ranging from $1,090 to $11,539, which expire through August 31, 2023. 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  <us-gaap:DescriptionOfNewAccountingPronouncementsNotYetAdopted contextRef="d_2015-09-01_2016-08-31" id="s382824">&lt;div style="display: inline; font-family: times new roman; font-size: 10pt"&gt;&lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;&lt;div style="display: inline; font-weight: bold;"&gt;2. RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS&lt;/div&gt;&lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;&amp;nbsp;&lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;In May 2014, the Financial Accounting Standards Board (FASB) issued &lt;div style="display: inline; font-style: italic;"&gt;Revenue from Contracts with Customers, Topic 606&lt;/div&gt; (Accounting Standards Update (ASU) No. 2014-09), which provides a framework for the recognition of revenue, with the objective that recognized revenues properly reflect amounts an entity is entitled to receive in exchange for goods and services. This guidance, which includes additional disclosure requirements regarding revenue, cash flows and obligations related to contracts with customers, was originally to be effective for the Company beginning in fiscal year 2018. In July 2015, the FASB confirmed a one-year deferral of the effective date of the new revenue standard which also allows early adoption as of the original effective date. The updated guidance will be effective for the Company&amp;#x2019;s first quarter of 2019. The Company is currently evaluating the impact of adopting ASU 2014-09 on its consolidated financial statements, but believes there will be no material impact, if any.&lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;&amp;nbsp;&lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;In July 2015, the FASB issued ASU No. 2015-11, &amp;#x201c;&lt;div style="display: inline; font-style: italic;"&gt;Inventory&lt;/div&gt;&amp;#x201d;, which modifies the subsequent measurement of inventories recorded under a first-in-first-out or average cost method. Under the new standard, such inventories are required to be measured at the lower of cost and net realizable value. The new standard is effective for the Company&amp;#x2019;s fiscal year 2018, with prospective application. The Company does not expect the adoption of the provisions of ASU 2015-11 to have a material impact on its consolidated financial statements.&lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;&amp;nbsp;&lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;In November&amp;nbsp;2015, FASB issued ASU 2015-17,&amp;nbsp;&lt;div style="display: inline; font-style: italic;"&gt;Income Taxes (Topic 740) Balance Sheet Classification of Deferred Taxes&lt;/div&gt;&amp;nbsp;which requires that deferred tax assets and liabilities be classified as noncurrent in a classified balance sheet. The amendment takes effect for public entities for fiscal years beginning after December&amp;nbsp;15, 2017, with early adoption available. The Company adopted ASU 2015-17 as of August 31, 2016, however, there was no material impact on its consolidated financial statements. Prior periods were not retrospectively adjusted.&lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;&amp;nbsp;&lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;During February 2016, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2016-02, &amp;#x201c;&lt;div style="display: inline; font-style: italic;"&gt;Leases&lt;/div&gt;.&amp;#x201d; ASU No. 2016-02 was issued to increase transparency and comparability among organizations by recognizing all lease transactions (with terms in excess of 12 months) on the balance sheet as a lease liability and a right-of-use asset (as defined). ASU No. 2016-02 is effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years, with earlier application permitted. Upon adoption, the lessee will apply the new standard retrospectively to all periods presented or retrospectively using a cumulative effect adjustment in the year of adoption. The Company is currently assessing the effect that ASU No. 2016-02 will have on its consolidated financial statements.&lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;&amp;nbsp;&lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;&lt;/div&gt; &lt;div style="MARGIN-BOTTOM: 6pt; BORDER-BOTTOM: black 4pt solid; MARGIN-TOP: 12pt"&gt; &lt;table style="TEXT-INDENT: 0;FONT-SIZE: 10pt; WIDTH: 100%; BORDER-COLLAPSE: collapse; width: 700px;" cellspacing="0" cellpadding="0"&gt;  &lt;tr style="VERTICAL-ALIGN: top; TEXT-ALIGN: left"&gt; &lt;td style="WIDTH: 100%; TEXT-ALIGN: center"&gt;68&lt;/td&gt; &lt;/tr&gt;  &lt;/table&gt; &lt;/div&gt; &lt;div style="PAGE-BREAK-BEFORE: always; MARGIN-TOP: 6pt"&gt;  &amp;nbsp; &lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;In March 2016, the FASB issued ASU No. 2016-07, &amp;#x201c;&lt;div style="display: inline; font-style: italic;"&gt;Investments &amp;#x2013; Equity Method and Joint Ventures (Topic 323): Simplifying the Transition to the Equity Method of Accounting&lt;/div&gt;.&amp;#x201d; Among other things, the amendments in ASU 2016-07 eliminate the requirement that when an investment qualifies for use of the equity method as a result of an increase in the level of ownership interest or degree of influence, an investor must adjust the investment, results of operations, and retained earnings retroactively on a step-by-step basis as if the equity method had been in effect during all previous periods that the investment had been held. The amendments require that the equity method investor add the cost of acquiring the additional interest in the investee to the current basis of the investor&amp;#x2019;s previously held interest and adopt the equity method of accounting as of the date the investment becomes qualified for equity method accounting. Therefore, upon qualifying for the equity method of accounting, no retroactive adjustment of the investment is required. The amendments require that an entity that has an available-for-sale equity security that becomes qualified for the equity method of accounting recognize through earnings the unrealized holding gain or loss in accumulated other comprehensive income at the date the investment becomes qualified for use of the equity method. The amendments are effective for all entities for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2016. The amendments should be applied prospectively upon their effective date to increases in the level of ownership interest or degree of influence that result in the adoption of the equity method. Early adoption is permitted. The Company is currently assessing the impact that ASU 2016-07 will have on its consolidated financial statements.&lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;&amp;nbsp;&lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;In March 2016, the FASB issued ASU 2016-09, &lt;div style="display: inline; font-style: italic;"&gt;Stock Compensation&lt;/div&gt;, which is intended to simplify several aspects of the accounting for share-based payment award transactions. The guidance will be effective for the fiscal year beginning after December 15, 2016, including interim periods within that year. The Company is in the process of evaluating the impacts of the adoption of this ASU.&lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;&amp;nbsp;&lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;Although there are several other new accounting pronouncements issued or proposed by the FASB, which the Company has adopted or will adopt, as applicable, the Company does not believe any of these accounting pronouncements has had or will have a material impact on the Company&amp;#x2019;s consolidated financial position or operating results.&lt;/div&gt;&lt;/div&gt;</us-gaap:DescriptionOfNewAccountingPronouncementsNotYetAdopted>
  <us-gaap:DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock contextRef="d_2015-09-01_2016-08-31" id="s382843">&lt;div style="display: inline; font-family: times new roman; font-size: 10pt"&gt;&lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;&lt;div style="display: inline; font-weight: bold;"&gt;11. STOCK-BASED COMPENSATION&lt;/div&gt;&lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;&amp;nbsp;&lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;The Company has two stock-based compensation plans under which stock options and other stock-based awards have been granted, the Northern Technologies International Corporation Amended and Restated 2007 Stock Incentive Plan (the 2007 Plan) and the Northern Technologies International Corporation Employee Stock Purchase Plan (the ESPP). The Compensation Committee of the Board of Directors and the Board of Directors administer these plans.&lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;&amp;nbsp;&lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;The 2007 Plan provides for the grant of incentive stock options, non-statutory stock options, stock appreciation rights, restricted stock, stock unit awards, performance awards and stock bonuses to eligible recipients to enable the Company and its subsidiaries to attract and retain qualified individuals through opportunities for equity participation in the Company, and to reward those individuals who contribute to the achievement of the Company&amp;#x2019;s economic objectives. Subject to adjustment as provided in the 2007 Plan, up to a maximum of 800,000 shares of the Company&amp;#x2019;s common stock are issuable under the 2007 Plan. Options granted under the 2007 Plan generally have a term of ten years and become exercisable over a three- or four-year period beginning on the one-year anniversary of the date of grant. Options are granted at per share exercise prices equal to the market value of the Company&amp;#x2019;s common stock on the date of grant. The Company issues new shares upon the exercise of options. As of August 31, 2016, only stock options and stock bonuses had been granted under the 2007 Plan.&lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;&amp;nbsp;&lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;The maximum number of shares of common stock of the Company available for issuance under the ESPP is 100,000 shares, subject to adjustment as provided in the ESPP. The ESPP provides for six-month offering periods beginning on September 1 and March 1 of each year. The purchase price of the shares is 90% of the lower of the fair market value of common stock at the beginning or end of the offering period. This discount may not exceed the maximum discount rate permitted for plans of this type under Section 423 of the Internal Revenue Code of 1986, as amended. The ESPP is compensatory for financial reporting purposes. The Company issued 2,438 and 3,206 shares of common stock on September 1, 2015 and 2014, respectively, under the ESPP. The Company issued 3,144 shares on March 1, 2016 under the ESPP.&lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;&amp;nbsp;&lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;The fair value of option grants is determined at date of grant, using the Black-Scholes option pricing model with the assumptions listed below.&amp;nbsp; The volatility factor used in the Black-Scholes option pricing model is based on historical stock price fluctuations and the risk-free interest rate is based on U.S. treasury rates appropriate for the expected term. Dividend yield and expected volatility are estimated using historical amounts that are anticipated to be consistent with current values. Expected life of the option is based on the life of the option agreements. Based on these valuations, the Company recognized compensation expense of $427,437 and $495,683 during fiscal 2016 and fiscal 2015, respectively, related to the options that vested during such time period. As of August&amp;nbsp;31, 2016, the total compensation cost for non-vested options not yet recognized in the Company&amp;#x2019;s consolidated statements of operations was $239,400. Stock-based compensation expense of $159,600 and $79,800 is expected to be recognized during fiscal 2017 and 2018, based on outstanding options as of August 31, 2016. Future option grants will impact the compensation expense recognized. Stock-based compensation expense is included in general and administrative expense on the consolidated statements of operations.&lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;&amp;nbsp;&lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;The Company currently estimates a ten percent forfeiture rate for stock options, and continually reviews this estimate in future periods.&lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;&amp;nbsp;&lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;The fair value of each option grant is estimated on the grant date using the Black-Scholes option-pricing model with the following assumptions and results for the grants:&lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;&amp;nbsp;&lt;/div&gt; &lt;div&gt; &lt;table style="TEXT-INDENT: 0;WIDTH: 100%; BORDER-COLLAPSE: collapse; width: 700px;" cellspacing="0" cellpadding="0"&gt;  &lt;tr style="VERTICAL-ALIGN: bottom"&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3" nowrap="nowrap"&gt;August 31, 2016&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3" nowrap="nowrap"&gt;August 31, 2015&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 74%; TEXT-ALIGN: justify"&gt;Dividend yield&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right"&gt;0.00&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left"&gt;%&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right"&gt;0.00&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left"&gt;%&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify"&gt;Expected volatility&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;46.0&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;%&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;46.6&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;%&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify"&gt;Expected life of option (years)&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;10&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;10&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify"&gt;Weighted average risk-free interest rate&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;1.63&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;%&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;1.63&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;%&lt;/td&gt; &lt;/tr&gt;  &lt;/table&gt; &lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; TEXT-ALIGN: justify; MARGIN: 0pt 0px"&gt;&amp;nbsp;&lt;/div&gt;     &lt;div style=" FONT-SIZE: 10pt; TEXT-ALIGN: justify; MARGIN: 0pt 0px"&gt;Stock option activity during the periods indicated is as follows:&lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; TEXT-ALIGN: justify; MARGIN: 0pt 0px"&gt;&amp;nbsp;&lt;/div&gt; &lt;div&gt; &lt;table style="TEXT-INDENT: 0;WIDTH: 100%; BORDER-COLLAPSE: collapse; width: 700px;" cellspacing="0" cellpadding="0"&gt;  &lt;tr style="VERTICAL-ALIGN: bottom"&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3"&gt;Number of &lt;br /&gt;Shares (#)&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3"&gt;Weighted Average Exercise Price&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3"&gt;Aggregate &lt;br /&gt;Intrinsic Value&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 61%; TEXT-ALIGN: justify"&gt;Outstanding at August 31, 2014&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right"&gt;239,000&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left"&gt;$&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right"&gt;11.66&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; TEXT-INDENT: 10pt"&gt;Options granted&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;45,067&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;20.10&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; TEXT-INDENT: 10pt"&gt;Options exercised&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;(38,333&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;)&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;9.00&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"&gt; &lt;td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt; TEXT-ALIGN: justify; TEXT-INDENT: 10pt"&gt;Options terminated&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"&gt;(4,000&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"&gt;)&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"&gt;10.20&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt; TEXT-ALIGN: right"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify"&gt;Outstanding at August 31, 2015&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;241,734&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;13.72&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; TEXT-INDENT: 10pt"&gt;Options granted&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;53,447&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;14.85&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; TEXT-INDENT: 10pt"&gt;Options exercised&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;0&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;0.00&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"&gt; &lt;td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt; TEXT-ALIGN: justify; TEXT-INDENT: 10pt"&gt;Options terminated&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"&gt;(12,000&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"&gt;)&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"&gt;13.38&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt; TEXT-ALIGN: right"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify"&gt;Outstanding at August 31, 2016&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;283,181&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;$&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;13.95&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;$&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;392,370&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify"&gt;Exercisable at August 31, 2016&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;188,600&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;$&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;13.45&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;$&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;336,683&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt;  &lt;/table&gt; &lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; TEXT-ALIGN: justify; MARGIN: 0pt 0px"&gt;&amp;nbsp;&lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; TEXT-ALIGN: justify; MARGIN: 0pt 0px"&gt;The weighted average per share fair value of options granted during fiscal 2016 and fiscal 2015 was $8.48 and $11.58, respectively. The weighted average remaining contractual life of the total options and exercisable options outstanding as of August 31, 2016 was 6.46 years and 5.60 years, respectively.&lt;/div&gt;&lt;/div&gt;</us-gaap:DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock>
  <us-gaap:DueFromJointVentures contextRef="i_2016-08-31_AccountsNotesLoansAndFinancingReceivablesByLegalEntityOfCounterpartyTypeAxis-MutecMember" decimals="INF" id="c11644881" unitRef="iso4217-usd">92874</us-gaap:DueFromJointVentures>
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  <us-gaap:EarningsPerShareBasic contextRef="d_2015-09-01_2016-08-31" decimals="INF" id="c11644256" unitRef="iso4217-usd-per-xbrli-shares">-0.19</us-gaap:EarningsPerShareBasic>
  <us-gaap:EarningsPerShareBasic contextRef="d_2014-09-01_2015-08-31" decimals="INF" id="c11644257" unitRef="iso4217-usd-per-xbrli-shares">0.40</us-gaap:EarningsPerShareBasic>
  <us-gaap:EarningsPerShareDiluted contextRef="d_2015-09-01_2016-08-31" decimals="INF" id="c11644258" unitRef="iso4217-usd-per-xbrli-shares">-0.19</us-gaap:EarningsPerShareDiluted>
  <us-gaap:EarningsPerShareDiluted contextRef="d_2014-09-01_2015-08-31" decimals="INF" id="c11644259" unitRef="iso4217-usd-per-xbrli-shares">0.38</us-gaap:EarningsPerShareDiluted>
  <us-gaap:EarningsPerShareTextBlock contextRef="d_2015-09-01_2016-08-31" id="s382841">&lt;div style="display: inline; font-family: times new roman; font-size: 10pt"&gt;&lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;&lt;div style="display: inline; font-weight: bold;"&gt;10. NET INCOME (LOSS) PER COMMON SHARE &lt;/div&gt;&lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;&amp;nbsp;&lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;Basic net income (loss) per common share is computed by dividing net income (loss) by the weighted average number of common shares outstanding. Diluted net income (loss) per share assumes the exercise of stock options using the treasury stock method, if dilutive.&lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;&amp;nbsp;&lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;Options to purchase shares of common stock of 45,067 were excluded from the computation of common share equivalents for fiscal 2015, as the exercise prices of such options were greater than market price of a share of common stock.&lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;&amp;nbsp;&lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;The following is a reconciliation of the earnings per share computation:&lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;&amp;nbsp;&lt;/div&gt; &lt;div&gt; &lt;table style="TEXT-INDENT: 0;WIDTH: 100%; BORDER-COLLAPSE: collapse; width: 700px;" cellspacing="0" cellpadding="0"&gt;  &lt;tr style="VERTICAL-ALIGN: bottom"&gt; &lt;td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt; TEXT-ALIGN: justify"&gt;Numerator:&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3" nowrap="nowrap"&gt;August 31, 2016&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3" nowrap="nowrap"&gt;August 31, 2015&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 74%; TEXT-ALIGN: justify"&gt;Net (loss) income attributable to NTIC&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left"&gt;$&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right"&gt;(867,514&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left"&gt;)&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left"&gt;$&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right"&gt;1,789,571&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"&gt; &lt;td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; TEXT-ALIGN: justify"&gt;Denominator:&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify"&gt;Basic-weighted shares outstanding&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;4,537,504&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;4,521,788&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"&gt; &lt;td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt; TEXT-ALIGN: justify"&gt;Weighted shares assumed upon exercise of stock options&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"&gt;0&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"&gt;127,272&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"&gt; &lt;td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 2.25pt; TEXT-ALIGN: justify"&gt;Diluted &amp;#x2013; weighted shares outstanding&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 2.25pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: right"&gt;4,537,504&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 2.25pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: right"&gt;4,649,060&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify"&gt;Basic income (loss) earnings per share:&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;$&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;(0.19&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;)&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;$&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;0.40&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify"&gt;Diluted income (loss) earnings per share:&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;$&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;(0.19&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;)&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;$&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;0.38&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt;  &lt;/table&gt; &lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;&amp;nbsp;&lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;The dilutive impact summarized above relates to the periods when the average market price of Company stock exceeded the exercise price of the potentially dilutive option securities granted. Earnings per common share were based on the weighted average number of common shares outstanding during the periods when computing the basic earnings per share. When dilutive, stock options are included as equivalents using the treasury stock market method when computing the diluted earnings per share. 170,887 of shares of common stock were excluded because the effect was anti-dilutive due to the Company&amp;#x2019;s net loss for fiscal 2016.&lt;/div&gt;&lt;/div&gt;</us-gaap:EarningsPerShareTextBlock>
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  <us-gaap:EquityMethodInvestmentsDisclosureTextBlock contextRef="d_2015-09-01_2016-08-31" id="s382831">&lt;div style="display: inline; font-family: times new roman; font-size: 10pt"&gt;&lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;&lt;div style="display: inline; font-weight: bold;"&gt;6. INVESTMENTS IN JOINT VENTURES&lt;/div&gt;&lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;&lt;div style="display: inline; font-weight: bold;"&gt;&amp;nbsp;&lt;/div&gt;&lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;The financial statements of the Company&amp;#x2019;s foreign joint ventures are initially prepared using the accounting principles accepted in the respective joint ventures&amp;#x2019; countries of domicile. Amounts related to foreign joint ventures reported in the below tables and the accompanying consolidated financial statements have subsequently been adjusted to conform with accounting principles generally accepted in the United States of America in all material respects. All material profits recorded on sales from the Company to its joint ventures and from joint ventures to other joint ventures have been eliminated for financial reporting purposes.&lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;&amp;nbsp;&lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;Financial information of the Company&amp;#x2019;s joint venture in Germany, Excor Korrosionsschutz &amp;#x2013; Technologien und Produkte GmbH (EXCOR), and all of the Company&amp;#x2019;s other joint ventures, are summarized as follows:&lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;&amp;nbsp;&lt;/div&gt; &lt;div&gt; &lt;table style="TEXT-INDENT: 0;WIDTH: 100%; BORDER-COLLAPSE: collapse; width: 700px;" cellspacing="0" cellpadding="0"&gt;  &lt;tr style="VERTICAL-ALIGN: bottom"&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="11"&gt;As of August 31, 2016&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom"&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3"&gt;Total&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3"&gt;EXCOR&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3"&gt;All Other&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 61%; TEXT-ALIGN: left"&gt;Current assets&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left"&gt;$&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right"&gt;48,922,924&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left"&gt;$&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right"&gt;22,928,810&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left"&gt;$&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right"&gt;25,994,114&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;Total assets&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;52,407,026&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;24,733,340&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;27,673,686&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;Current liabilities&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;12,433,700&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;3,485,231&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;8,948,469&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;Noncurrent liabilities&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;100,783&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;&amp;#x2014;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;100,783&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;Joint ventures&amp;#x2019; equity&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;39,872,543&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;21,248,109&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;18,624,434&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;Northern Technologies International Corporation&amp;#x2019;s share of joint ventures&amp;#x2019; equity&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;19,840,774&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;10,624,056&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;9,216,728&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;Northern Technologies International Corporation's share of joint ventures&amp;#x2019; undistributed earnings&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;17,779,912&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;$&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;10,593,151&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;$&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;7,186,761&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;Northern Technologies International Corporation's dividends received from joint ventures&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;$&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;5,503,314&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;$&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;4,364,700&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;$&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;1,165,614&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt;  &lt;/table&gt; &lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;&amp;nbsp;&lt;/div&gt; &lt;div&gt; &lt;table style="TEXT-INDENT: 0;WIDTH: 100%; BORDER-COLLAPSE: collapse; width: 700px;" cellspacing="0" cellpadding="0"&gt;  &lt;tr style="VERTICAL-ALIGN: bottom"&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="11"&gt;Fiscal Year Ended August 31, 2016&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom"&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3"&gt;Total&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3"&gt;EXCOR&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3"&gt;All Other&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 61%; TEXT-ALIGN: left"&gt;Net sales&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left"&gt;$&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right"&gt;90,646,833&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left"&gt;$&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right"&gt;35,138,214&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left"&gt;$&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right"&gt;55,508,619&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;Gross profit&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;40,440,726&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;18,635,421&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;21,805,305&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;Net income&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;9,534,771&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;7,049,462&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;2,485,309&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;Northern Technologies International Corporation&amp;#x2019;s share of equity in income from joint ventures&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;$&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;4,743,831&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;$&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;3,534,113&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;$&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;1,209,718&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt;  &lt;/table&gt; &lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;&amp;nbsp;&lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;&lt;/div&gt; &lt;div style="MARGIN-BOTTOM: 6pt; BORDER-BOTTOM: black 4pt solid; MARGIN-TOP: 12pt"&gt; &lt;table style="TEXT-INDENT: 0;FONT-SIZE: 10pt; WIDTH: 100%; BORDER-COLLAPSE: collapse; width: 700px;" cellspacing="0" cellpadding="0"&gt;  &lt;tr style="VERTICAL-ALIGN: top; TEXT-ALIGN: left"&gt; &lt;td style="WIDTH: 100%; TEXT-ALIGN: center"&gt;70&lt;/td&gt; &lt;/tr&gt;  &lt;/table&gt; &lt;/div&gt; &lt;div style="PAGE-BREAK-BEFORE: always; MARGIN-TOP: 6pt"&gt;  &amp;nbsp; &lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;&amp;nbsp;&lt;/div&gt; &lt;div&gt; &lt;table style="TEXT-INDENT: 0;WIDTH: 100%; BORDER-COLLAPSE: collapse; width: 700px;" cellspacing="0" cellpadding="0"&gt;  &lt;tr style="VERTICAL-ALIGN: bottom"&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="11"&gt;As of August 31, 2015&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom"&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3"&gt;Total&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3"&gt;EXCOR&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3"&gt;All Other&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 61%; TEXT-ALIGN: left"&gt;Current assets&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left"&gt;$&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right"&gt;49,295,116&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left"&gt;$&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right"&gt;22,620,323&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left"&gt;$&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right"&gt;26,674,793&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;Total assets&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;52,853,938&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;24,606,880&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;28,247,058&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;Current liabilities&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;12,288,383&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;3,360,142&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;8,928,241&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;Noncurrent liabilities&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;1,215,139&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;&amp;#x2014;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;1,215,139&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;Joint ventures&amp;#x2019; equity&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;39,350,417&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;21,246,738&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;18,103,679&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;Northern Technologies International Corporation&amp;#x2019;s share of joint ventures&amp;#x2019; equity&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;20,544,238&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;11,571,361&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;8,972,877&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;Northern Technologies International Corporation's share of joint ventures&amp;#x2019; undistributed earnings&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;18,483,377&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;11,540,456&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;6,942,921&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;Northern Technologies International Corporation's dividends received from joint ventures&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;$&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;2,983,338&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;$&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;2,440,200&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;$&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;543,138&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt;  &lt;/table&gt; &lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;&amp;nbsp;&lt;/div&gt; &lt;div&gt; &lt;table style="TEXT-INDENT: 0;WIDTH: 100%; BORDER-COLLAPSE: collapse; width: 700px;" cellspacing="0" cellpadding="0"&gt;  &lt;tr style="VERTICAL-ALIGN: bottom"&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="11"&gt;Fiscal Year Ended August 31, 2015&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom"&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3"&gt;Total&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3"&gt;EXCOR&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3"&gt;All Other&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 61%; TEXT-ALIGN: left"&gt;Net sales&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left"&gt;$&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right"&gt;99,026,251&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left"&gt;$&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right"&gt;36,872,664&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left"&gt;$&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right"&gt;62,153,587&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;Gross profit&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;48,397,318&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;19,993,763&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;28,403,555&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;Net income&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;11,849,107&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;8,201,659&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;3,647,448&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;Northern Technologies International Corporation&amp;#x2019;s share of equity in income from joint ventures&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;$&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;5,936,565&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;$&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;4,091,608&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;$&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;1,844,957&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt;  &lt;/table&gt; &lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;&amp;nbsp;&lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;On January 2, 2015, the Company announced that, effective as of December 31, 2014, the Company terminated its joint venture agreements with its previous joint venture in China, Tianjin Zerust, and began the process of liquidating the joint venture entity. Since December 31, 2014, the Company has conducted business in China through a wholly-owned subsidiary, NTIC (Shanghai) Co. Ltd. As of December 31, 2014, the Company started recognizing Tianjin Zerust based on its carrying value instead of the equity method since the Company no longer expects to significantly affect the joint venture&amp;#x2019;s operations or decision making. See Note 7.&lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;&amp;nbsp;&lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;The Company records expenses that are directly attributable to its joint ventures on its consolidated statements of operations in the line item &amp;#x201c;Expenses incurred in support of joint ventures.&amp;#x201d; The expenses include items such as employee compensation and benefit expenses, travel expense and consulting expense. See note 16 regarding ongoing litigation involving Tianjin Zerust.&lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;&amp;nbsp;&lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;The Company did not make any joint venture investments during fiscal 2016 or fiscal 2015.&lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;&amp;nbsp;&lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;On November 30, 2013, the Company agreed to sell its indirect ownership interest in M&amp;uuml;tec GmbH (M&amp;uuml;tec), the Company&amp;#x2019;s former joint venture in Germany which manufactures proprietary electronic sensing instruments. In connection with the transaction, the owner of M&amp;uuml;tec borrowed $168,000 from the Company to be repaid over four years with no interest. As of August 31, 2016 and 2015, $92,874 and $125,891 was due to the Company related to this transaction, respectively.&lt;/div&gt;&lt;/div&gt;</us-gaap:EquityMethodInvestmentsDisclosureTextBlock>
  <us-gaap:EquityMethodInvestmentsPolicy contextRef="d_2015-09-01_2016-08-31" id="c11645150">&lt;div style="display: inline; font-family: times new roman; font-size: 10pt"&gt;&lt;div style="display: inline; font-family: times new roman; font-size: 10pt"&gt;&lt;div style="display: inline; font-family: times new roman; font-size: 10pt"&gt;&lt;div style="display: inline; font-family: times new roman; font-size: 10pt"&gt;&lt;div style="display: inline; font-family: times new roman; font-size: 10pt"&gt;&lt;div style="display: inline; font-family: times new roman; font-size: 10pt"&gt;&lt;div style="display: inline; font-family: times new roman; font-size: 10pt"&gt;&lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;&lt;div style="display: inline; font-style: italic;"&gt;Investments in Joint Ventures&lt;/div&gt; - Investments in the Company&amp;#x2019;s joint ventures are accounted for using the equity method. Under the equity method, investments are initially recorded at cost and are adjusted for dividends, distributed and undistributed earnings and losses, changes in foreign currency exchange rates and additional investments. In the event the Company&amp;#x2019;s share of joint venture&amp;#x2019;s cumulative losses exceeds the Company&amp;#x2019;s investment balance, the balance is reported at zero value until proportionate income exceeds the losses. The Company assesses its joint ventures for impairment on an annual basis as of August 31 of each year as part of its fiscal year end analysis. In addition to the annual review for impairment, the Company reviews the operating results of each joint venture on a quarterly basis in comparison to its historical operating results and its accrual of fees for services provided to joint ventures. If the operating results of a joint venture do not meet financial performance expectations, an additional evaluation is performed on the joint venture. The Company&amp;#x2019;s evaluation of its investments in joint ventures requires the Company to make assumptions about future cash flows of its joint ventures. These assumptions require significant judgment and actual results may differ from assumed or estimated amounts. All investments in joint ventures have positive equity as of August 31, 2016 and 2015.&lt;/div&gt;&lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;&amp;nbsp;&lt;/div&gt;&lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;&lt;div style="display: inline; font-style: italic;"&gt;Investment at Carrying Value&lt;/div&gt; &amp;#x2013; If the Company is no longer able to exercise significant influence over operating and financial policy of a joint venture previously accounted for under the equity method, it maintains the investment at the carrying value as of the date that significant influence no longer exists and discontinues accruing the proportionate earnings or losses of the investment.&lt;/div&gt;&lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;&amp;nbsp;&lt;/div&gt;&lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;Investments are considered to be impaired when a decline in fair value is judged to be other-than-temporary. Fair value is calculated based on publicly available market information or other estimates determined by management. The Company employs a systematic methodology on a quarterly basis that considers available quantitative and qualitative evidence in evaluating potential impairment of our investments. If the cost of an investment exceeds its fair value, the Company evaluates, among other factors, general market conditions, credit quality of debt instrument issuers, the duration and extent to which the fair value is less than cost, and for equity securities, the Company&amp;#x2019;s intent and ability to hold, or plans to sell, the investment. The Company also considers specific adverse conditions related to the financial health of and business outlook for the investee, including industry and sector performance, changes in technology, and operational and financing cash flow factors. Once a decline in fair value is determined to be other-than-temporary, an impairment charge is recorded to other income (expense) and a new cost basis in the investment is established.&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;</us-gaap:EquityMethodInvestmentsPolicy>
  <us-gaap:EquityMethodInvestmentsTextBlock contextRef="d_2015-09-01_2016-08-31" id="c-23">&lt;div style="display: inline; font-family: times new roman; font-size: 10pt"&gt;&lt;table style="TEXT-INDENT: 0;WIDTH: 100%; BORDER-COLLAPSE: collapse;; width: 700px;" cellspacing="0" cellpadding="0"&gt; &lt;tr style="VERTICAL-ALIGN: bottom"&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3"&gt;Investment&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 87%"&gt;Equity method investment &amp;#x2013; August 31, 2015&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left"&gt;$&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right"&gt;2,243,524&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;Equity in earnings &amp;#x2013; fiscal year 2016&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;132,824&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"&gt; &lt;td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt; TEXT-ALIGN: left"&gt;Reclassification of translation gains on foreign currency translation&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt; TEXT-ALIGN: right"&gt;(492,680&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt; TEXT-ALIGN: left"&gt;)&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"&gt; &lt;td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt; TEXT-ALIGN: left"&gt;Recording the impairment of the cost basis investment&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"&gt;(1,883,668&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"&gt;)&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"&gt; &lt;td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 2.25pt"&gt;Investment at carrying value &amp;#x2013; August 31, 2016&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 2.25pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left"&gt;$&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: right"&gt;-&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;/table&gt;&lt;/div&gt;</us-gaap:EquityMethodInvestmentsTextBlock>
  <us-gaap:FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesTableTextBlock contextRef="d_2015-09-01_2016-08-31" id="c-40">&lt;div style="display: inline; font-family: times new roman; font-size: 10pt"&gt;&lt;table style="TEXT-INDENT: 0;WIDTH: 100%; BORDER-COLLAPSE: collapse;; width: 700px;" cellspacing="0" cellpadding="0"&gt; &lt;tr style="VERTICAL-ALIGN: bottom"&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: center" colspan="3"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="11"&gt;Fair Value Measurements &lt;br /&gt;Using Inputs Considered as&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom"&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3"&gt;Fair value as of &lt;br /&gt;August 31, 2016&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3"&gt;Level 1&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3"&gt;Level 2&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3"&gt;Level 3&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 48%; TEXT-ALIGN: left"&gt;Available for sale securities&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left"&gt;$&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right"&gt;2,243,864&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left"&gt;$&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right"&gt;2,243,864&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left"&gt;$&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right"&gt;&amp;#x2014;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left"&gt;$&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right"&gt;&amp;#x2014;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;/table&gt;&lt;/div&gt;&lt;div style="display: inline; font-family: times new roman; font-size: 10pt"&gt;&lt;table style="TEXT-INDENT: 0;WIDTH: 100%; BORDER-COLLAPSE: collapse;; width: 700px;" cellspacing="0" cellpadding="0"&gt; &lt;tr style="VERTICAL-ALIGN: bottom"&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: center" colspan="3"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="11"&gt;Fair Value Measurements &lt;br /&gt;Using Inputs Considered as&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom"&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3"&gt;Fair value as of &lt;br /&gt;August 31, 2015&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3"&gt;Level 1&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3"&gt;Level 2&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3"&gt;Level 3&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 48%; TEXT-ALIGN: left"&gt;Available for sale securities&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left"&gt;$&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right"&gt;2,027,441&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left"&gt;$&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right"&gt;2,027,441&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left"&gt;$&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right"&gt;&amp;#x2014;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left"&gt;$&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right"&gt;&amp;#x2014;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;/table&gt;&lt;/div&gt;</us-gaap:FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesTableTextBlock>
  <us-gaap:FairValueDisclosuresTextBlock contextRef="d_2015-09-01_2016-08-31" id="s382836">&lt;div style="display: inline; font-family: times new roman; font-size: 10pt"&gt;&lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;&lt;div style="display: inline; font-weight: bold;"&gt;7. CHINA OPERATIONS&lt;/div&gt;&lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;&amp;nbsp;&lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;Effective December 31, 2014, the Company terminated its joint venture agreements with its previous joint venture in China, Tianjin Zerust, began the process of liquidating the joint venture entity, and commenced operations in China through a wholly-owned subsidiary, NTIC (Shanghai) Co. Ltd. on January 1, 2015. Effective December 31, 2014, the Company&amp;#x2019;s investment in Tianjin Zerust is reported at carrying value based on the Company&amp;#x2019;s decreased level of influence over the entity, and the Company has reclassified previously unrecognized gains on foreign currency translation from accumulated other comprehensive income. Any declines in the fair value are reflected as adjustments to the carrying value.&lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;&amp;nbsp;&lt;/div&gt;   &lt;div style=" font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"&gt;Since it began the process of liquidating the joint venture entity on December 31, 2014, the Company has not received any proceeds from the assets of Tianjin Zerust. In addition, the Company has not received financial information or cooperation from its joint venture partner in determining the investment value for the year ended August 31, 2016. During the fourth quarter of fiscal 2016, the Company obtained additional information regarding the financial position of the investment through the legal proceedings that have been ongoing (See Note 16). These circumstances have resulted in the Company concluding an indication of impairment exists and that the fair value of the investment is $0 based on accounting principles generally accepted in the United States of America.&lt;/div&gt; &lt;div style=" font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"&gt;&amp;nbsp;&lt;/div&gt;    &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;The investment in Tianjin Zerust is as follows:&lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;&amp;nbsp;&lt;/div&gt; &lt;div&gt; &lt;table style="TEXT-INDENT: 0;WIDTH: 100%; BORDER-COLLAPSE: collapse; width: 700px;" cellspacing="0" cellpadding="0"&gt;  &lt;tr style="VERTICAL-ALIGN: bottom"&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3"&gt;Investment&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 87%"&gt;Equity method investment &amp;#x2013; August 31, 2015&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left"&gt;$&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right"&gt;2,243,524&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;Equity in earnings &amp;#x2013; fiscal year 2016&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;132,824&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"&gt; &lt;td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt; TEXT-ALIGN: left"&gt;Reclassification of translation gains on foreign currency translation&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt; TEXT-ALIGN: right"&gt;(492,680&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt; TEXT-ALIGN: left"&gt;)&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"&gt; &lt;td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt; TEXT-ALIGN: left"&gt;Recording the impairment of the cost basis investment&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"&gt;(1,883,668&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"&gt;)&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"&gt; &lt;td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 2.25pt"&gt;Investment at carrying value &amp;#x2013; August 31, 2016&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 2.25pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left"&gt;$&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: right"&gt;-&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt;  &lt;/table&gt; &lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;&amp;nbsp;&lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;See Note 16 regarding ongoing litigation involving Tianjin Zerust.&lt;/div&gt;&lt;/div&gt;</us-gaap:FairValueDisclosuresTextBlock>
  <us-gaap:FairValueMeasurementInputsDisclosureTextBlock contextRef="d_2015-09-01_2016-08-31" id="s382864">&lt;div style="display: inline; font-family: times new roman; font-size: 10pt"&gt;&lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;&lt;div style="display: inline; font-weight: bold;"&gt;18. &lt;div style="display: inline; TEXT-TRANSFORM: uppercase"&gt;Fair Value Measurements&lt;/div&gt;&lt;/div&gt;&lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;&amp;nbsp;&lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;The Company follows the authoritative guidance on fair value measurements and disclosures with respect to assets and liabilities that are measured at fair value on both a recurring and non-recurring basis. Under this guidance, fair value is defined as the exit price, or the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants as of the measurement date. The authoritative guidance also establishes a hierarchy for inputs used in measuring fair value that maximizes the use of observable inputs and minimizes the use of unobservable inputs by requiring that the most observable inputs be used when available. Observable inputs are inputs market participants would use in valuing the asset or liability, developed based on market data obtained from sources independent of the Company. Unobservable inputs are inputs that reflect the Company&amp;#x2019;s assumptions about the factors market participants would use in valuing the asset or liability developed based upon the best information available in the circumstances. The categorization of financial assets and financial liabilities within the valuation hierarchy is based upon the lowest level of input that is significant to the fair value measurement. The hierarchy is broken down into three levels defined as follows:&lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;&amp;nbsp;&lt;/div&gt; &lt;table style="TEXT-INDENT: 0;MARGIN-BOTTOM: 6pt; FONT-SIZE: 10pt; WIDTH: 100%; MARGIN-TOP: 0pt; width: 700px;" cellspacing="0" cellpadding="0"&gt;  &lt;tr style="VERTICAL-ALIGN: top; TEXT-ALIGN: justify"&gt; &lt;td style="WIDTH: 55pt; TEXT-ALIGN: center"&gt;Level 1 -&lt;/td&gt; &lt;td style="WIDTH: 5pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="TEXT-ALIGN: justify"&gt;Inputs are quoted prices in active markets for identical assets or liabilities.&lt;/td&gt; &lt;/tr&gt;  &lt;/table&gt; &lt;table style="TEXT-INDENT: 0;MARGIN-BOTTOM: 6pt; FONT-SIZE: 10pt; WIDTH: 100%; MARGIN-TOP: 0pt; width: 700px;" cellspacing="0" cellpadding="0"&gt;  &lt;tr style="VERTICAL-ALIGN: top; TEXT-ALIGN: justify"&gt; &lt;td style="WIDTH: 55pt; TEXT-ALIGN: center"&gt;Level 2 -&lt;/td&gt; &lt;td style="WIDTH: 5pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="TEXT-ALIGN: justify"&gt;Inputs include quoted prices for similar assets or liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not active, and inputs (other than quoted prices) that are observable for the asset or liability, either directly or indirectly.&lt;/td&gt; &lt;/tr&gt;  &lt;/table&gt; &lt;table style="TEXT-INDENT: 0;MARGIN-BOTTOM: 6pt; FONT-SIZE: 10pt; WIDTH: 100%; MARGIN-TOP: 0pt; width: 700px;" cellspacing="0" cellpadding="0"&gt;  &lt;tr style="VERTICAL-ALIGN: top; TEXT-ALIGN: justify"&gt; &lt;td style="WIDTH: 55pt; TEXT-ALIGN: center"&gt;Level 3 -&lt;/td&gt; &lt;td style="WIDTH: 5pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="TEXT-ALIGN: justify"&gt;Inputs are unobservable for the asset or liability.&lt;/td&gt; &lt;/tr&gt;  &lt;/table&gt; &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px 0pt 0.25in"&gt;&amp;nbsp;&lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;See the section below titled Valuation Techniques for further discussion of how the Company determines fair value for investments.&lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;&amp;nbsp;&lt;/div&gt;    &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;&lt;div style="display: inline; font-weight: bold;"&gt;Assets and Liabilities That Are Measured at Fair Value on a Recurring Basis&lt;/div&gt;&lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;&amp;nbsp;&lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;Assets and liabilities that are measured at fair value on a recurring basis primarily relate to marketable equity securities. These items are marked-to-market at each reporting period.&lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;&amp;nbsp;&lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;The following tables provide information by level for assets and liabilities that are measured at fair value on a recurring basis:&lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;&amp;nbsp;&lt;/div&gt; &lt;div&gt; &lt;table style="TEXT-INDENT: 0;WIDTH: 100%; BORDER-COLLAPSE: collapse; width: 700px;" cellspacing="0" cellpadding="0"&gt;  &lt;tr style="VERTICAL-ALIGN: bottom"&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: center" colspan="3"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="11"&gt;Fair Value Measurements &lt;br /&gt;Using Inputs Considered as&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom"&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3"&gt;Fair value as of &lt;br /&gt;August 31, 2016&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3"&gt;Level 1&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3"&gt;Level 2&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3"&gt;Level 3&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 48%; TEXT-ALIGN: left"&gt;Available for sale securities&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left"&gt;$&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right"&gt;2,243,864&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left"&gt;$&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right"&gt;2,243,864&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left"&gt;$&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right"&gt;&amp;#x2014;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left"&gt;$&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right"&gt;&amp;#x2014;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt;  &lt;/table&gt; &lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;&amp;nbsp;&lt;/div&gt; &lt;div&gt; &lt;table style="TEXT-INDENT: 0;WIDTH: 100%; BORDER-COLLAPSE: collapse; width: 700px;" cellspacing="0" cellpadding="0"&gt;  &lt;tr style="VERTICAL-ALIGN: bottom"&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: center" colspan="3"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="11"&gt;Fair Value Measurements &lt;br /&gt;Using Inputs Considered as&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom"&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3"&gt;Fair value as of &lt;br /&gt;August 31, 2015&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3"&gt;Level 1&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3"&gt;Level 2&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3"&gt;Level 3&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 48%; TEXT-ALIGN: left"&gt;Available for sale securities&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left"&gt;$&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right"&gt;2,027,441&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left"&gt;$&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right"&gt;2,027,441&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left"&gt;$&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right"&gt;&amp;#x2014;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left"&gt;$&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right"&gt;&amp;#x2014;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt;  &lt;/table&gt; &lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;&lt;div style="display: inline; font-style: italic;"&gt;&amp;nbsp;&lt;/div&gt;&lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;&lt;div style="display: inline; font-style: italic;"&gt;Valuation Techniques&lt;/div&gt;&lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; TEXT-ALIGN: justify; MARGIN: 0pt 0px"&gt;&amp;nbsp;&lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;Financial assets that are classified as Level 1 securities include cash equivalents and available for sale securities. These are valued using quoted market prices in an active market.&lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;&amp;nbsp;&lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;The Company reviews the fair value hierarchy classification on a quarterly basis. Changes in the ability to observe valuation inputs may result in a reclassification of levels for certain securities within the fair value hierarchy. The Company&amp;#x2019;s policy is to recognize transfers into and out of levels within the fair value hierarchy at the end of the fiscal quarter in which the actual event or change in circumstances that caused the transfer occurs. There were no transfers between Level 1, Level 2, or Level 3 during the fiscal years ended August 31, 2016 or August 31, 2015. When a determination is made to classify an asset or liability within Level 3, the determination is based upon the significance of the unobservable inputs to the overall fair value measurement.&lt;/div&gt;&lt;/div&gt;</us-gaap:FairValueMeasurementInputsDisclosureTextBlock>
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  <us-gaap:FiniteLivedIntangibleAssetsAccumulatedAmortization contextRef="i_2015-08-31_FiniteLivedIntangibleAssetsByMajorClassAxis-PatentsAndTrademarksMember" decimals="INF" id="c11644483" unitRef="iso4217-usd">1177803</us-gaap:FiniteLivedIntangibleAssetsAccumulatedAmortization>
  <us-gaap:FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths contextRef="i_2016-08-31_FiniteLivedIntangibleAssetsByMajorClassAxis-PatentsAndTrademarksMember" decimals="INF" id="c11644869" unitRef="iso4217-usd">120000</us-gaap:FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths>
  <us-gaap:FiniteLivedIntangibleAssetsAmortizationExpenseYearFive contextRef="i_2016-08-31_FiniteLivedIntangibleAssetsByMajorClassAxis-PatentsAndTrademarksMember" decimals="INF" id="c11645111" unitRef="iso4217-usd">120000</us-gaap:FiniteLivedIntangibleAssetsAmortizationExpenseYearFive>
  <us-gaap:FiniteLivedIntangibleAssetsAmortizationExpenseYearFour contextRef="i_2016-08-31_FiniteLivedIntangibleAssetsByMajorClassAxis-PatentsAndTrademarksMember" decimals="INF" id="c11645110" unitRef="iso4217-usd">120000</us-gaap:FiniteLivedIntangibleAssetsAmortizationExpenseYearFour>
  <us-gaap:FiniteLivedIntangibleAssetsAmortizationExpenseYearThree contextRef="i_2016-08-31_FiniteLivedIntangibleAssetsByMajorClassAxis-PatentsAndTrademarksMember" decimals="INF" id="c11645109" unitRef="iso4217-usd">120000</us-gaap:FiniteLivedIntangibleAssetsAmortizationExpenseYearThree>
  <us-gaap:FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo contextRef="i_2016-08-31_FiniteLivedIntangibleAssetsByMajorClassAxis-PatentsAndTrademarksMember" decimals="INF" id="c11645108" unitRef="iso4217-usd">120000</us-gaap:FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo>
  <us-gaap:FiniteLivedIntangibleAssetsGross contextRef="i_2016-08-31_FiniteLivedIntangibleAssetsByMajorClassAxis-PatentsAndTrademarksMember" decimals="INF" id="c11644480" unitRef="iso4217-usd">2575435</us-gaap:FiniteLivedIntangibleAssetsGross>
  <us-gaap:FiniteLivedIntangibleAssetsGross contextRef="i_2015-08-31_FiniteLivedIntangibleAssetsByMajorClassAxis-PatentsAndTrademarksMember" decimals="INF" id="c11644481" unitRef="iso4217-usd">2440022</us-gaap:FiniteLivedIntangibleAssetsGross>
  <us-gaap:FiniteLivedIntangibleAssetsNet contextRef="i_2016-08-31_FiniteLivedIntangibleAssetsByMajorClassAxis-PatentsAndTrademarksMember" decimals="INF" id="c11644484" unitRef="iso4217-usd">1278597</us-gaap:FiniteLivedIntangibleAssetsNet>
  <us-gaap:FiniteLivedIntangibleAssetsNet contextRef="i_2015-08-31_FiniteLivedIntangibleAssetsByMajorClassAxis-PatentsAndTrademarksMember" decimals="INF" id="c11644485" unitRef="iso4217-usd">1262219</us-gaap:FiniteLivedIntangibleAssetsNet>
  <us-gaap:FiniteLivedIntangibleAssetsNet contextRef="i_2016-08-31" decimals="INF" id="c11644167" unitRef="iso4217-usd">1278597</us-gaap:FiniteLivedIntangibleAssetsNet>
  <us-gaap:FiniteLivedIntangibleAssetsNet contextRef="i_2015-08-31" decimals="INF" id="c11644168" unitRef="iso4217-usd">1262219</us-gaap:FiniteLivedIntangibleAssetsNet>
  <us-gaap:ForeignCurrencyTransactionGainLossBeforeTax contextRef="d_2015-09-01_2016-08-31_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis-TianjinZerustMember" decimals="INF" id="c11644560" unitRef="iso4217-usd">492680</us-gaap:ForeignCurrencyTransactionGainLossBeforeTax>
  <us-gaap:ForeignCurrencyTransactionsAndTranslationsPolicyTextBlock contextRef="d_2015-09-01_2016-08-31" id="c11645153">&lt;div style="display: inline; font-family: times new roman; font-size: 10pt"&gt;&lt;div style="display: inline; font-family: times new roman; font-size: 10pt"&gt;&lt;div style="display: inline; font-family: times new roman; font-size: 10pt"&gt;&lt;div style="display: inline; font-family: times new roman; font-size: 10pt"&gt;&lt;div style="display: inline; font-family: times new roman; font-size: 10pt"&gt;&lt;div style="display: inline; font-family: times new roman; font-size: 10pt"&gt;&lt;div style="display: inline; font-family: times new roman; font-size: 10pt"&gt;&lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;&lt;div style="display: inline; font-style: italic;"&gt;Foreign Currency Translation (Accumulated Other Comprehensive Income (Loss))&lt;/div&gt; - The functional currency of NTIC China, Zerust Brazil, Natur-Tec India, Zerust Mexico and each unconsolidated international joint venture is the applicable local currency. The translation of the applicable foreign currencies into U.S. dollars is performed for balance sheet accounts using exchange rates in effect at the balance sheet date and for revenue and expense accounts using an average monthly exchange rate. Translation gains or losses are reported as an element of other comprehensive income (loss).&lt;/div&gt;&lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;&amp;nbsp;&lt;/div&gt;&lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;The Company (excluding NTIC China, Zerust Brazil, Natur-Tec India, NTI Asean, Zerust Mexico and its joint ventures) conducts all foreign transactions based on the U.S. dollar. Since investments in joint ventures are accounted for using the equity method, any changes in foreign currency exchange rates are reflected as a foreign currency translation adjustment and does not change the equity in income from joint ventures reflected in the Company&amp;#x2019;s consolidated statements of operations.&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;</us-gaap:ForeignCurrencyTransactionsAndTranslationsPolicyTextBlock>
  <us-gaap:GainLossOnDispositionOfAssets contextRef="d_2015-09-01_2016-08-31" id="c11644400" unitRef="iso4217-usd" xs:nil="true"/>
  <us-gaap:GainLossOnDispositionOfAssets contextRef="d_2014-09-01_2015-08-31" decimals="INF" id="c11644401" unitRef="iso4217-usd">-31708</us-gaap:GainLossOnDispositionOfAssets>
  <us-gaap:GainLossOnDispositionOfAssets1 contextRef="d_2015-09-01_2016-08-31" id="c11644390" unitRef="iso4217-usd" xs:nil="true"/>
  <us-gaap:GainLossOnDispositionOfAssets1 contextRef="d_2014-09-01_2015-08-31" decimals="INF" id="c11644391" unitRef="iso4217-usd">-20689</us-gaap:GainLossOnDispositionOfAssets1>
  <us-gaap:GeneralAndAdministrativeExpense contextRef="d_2015-09-01_2016-08-31" decimals="INF" id="c11644227" unitRef="iso4217-usd">7230557</us-gaap:GeneralAndAdministrativeExpense>
  <us-gaap:GeneralAndAdministrativeExpense contextRef="d_2014-09-01_2015-08-31" decimals="INF" id="c11644228" unitRef="iso4217-usd">6531576</us-gaap:GeneralAndAdministrativeExpense>
  <us-gaap:GrossProfit contextRef="d_2015-09-01_2016-08-31" decimals="INF" id="c11644215" unitRef="iso4217-usd">10613409</us-gaap:GrossProfit>
  <us-gaap:GrossProfit contextRef="d_2014-09-01_2015-08-31" decimals="INF" id="c11644216" unitRef="iso4217-usd">9766761</us-gaap:GrossProfit>
  <us-gaap:ImpairmentOrDisposalOfLongLivedAssetsPolicyTextBlock contextRef="d_2015-09-01_2016-08-31" id="c11645151">&lt;div style="display: inline; font-family: times new roman; font-size: 10pt"&gt;&lt;div style="display: inline; font-family: times new roman; font-size: 10pt"&gt;&lt;div style="display: inline; font-family: times new roman; font-size: 10pt"&gt;&lt;div style="display: inline; font-family: times new roman; font-size: 10pt"&gt;&lt;div style="display: inline; font-family: times new roman; font-size: 10pt"&gt;&lt;div style="display: inline; font-family: times new roman; font-size: 10pt"&gt;&lt;div style="display: inline; font-family: times new roman; font-size: 10pt"&gt;&lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;&lt;div style="display: inline; font-style: italic;"&gt;Recoverability of Long-Lived Assets&lt;/div&gt; - The Company reviews its long-lived assets whenever events or changes in circumstances indicate the carrying amount of the assets may not be recoverable. The Company determines potential impairment by comparing the carrying value of the assets with expected net cash flows expected to be provided by operating activities of the business or related products. If the sum of the expected undiscounted future net cash flows is less than the carrying value, the Company evaluates if an impairment loss should be recognized. An impairment loss is measured by comparing the amount by which the carrying value exceeds the fair value of the asset.&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;</us-gaap:ImpairmentOrDisposalOfLongLivedAssetsPolicyTextBlock>
  <us-gaap:IncomeLossFromEquityMethodInvestments contextRef="d_2015-09-01_2016-08-31" decimals="INF" id="c11644218" unitRef="iso4217-usd">4743831</us-gaap:IncomeLossFromEquityMethodInvestments>
  <us-gaap:IncomeLossFromEquityMethodInvestments contextRef="d_2014-09-01_2015-08-31" decimals="INF" id="c11644219" unitRef="iso4217-usd">5936565</us-gaap:IncomeLossFromEquityMethodInvestments>
  <us-gaap:IncomeLossFromEquityMethodInvestments contextRef="d_2015-09-01_2016-08-31_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis-EXCORMember" decimals="INF" id="c11644520" unitRef="iso4217-usd">3534113</us-gaap:IncomeLossFromEquityMethodInvestments>
  <us-gaap:IncomeLossFromEquityMethodInvestments contextRef="d_2015-09-01_2016-08-31_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis-AllOtherMember" decimals="INF" id="c11644521" unitRef="iso4217-usd">1209718</us-gaap:IncomeLossFromEquityMethodInvestments>
  <us-gaap:IncomeLossFromEquityMethodInvestments contextRef="d_2014-09-01_2015-08-31_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis-EXCORMember" decimals="INF" id="c11644556" unitRef="iso4217-usd">4091608</us-gaap:IncomeLossFromEquityMethodInvestments>
  <us-gaap:IncomeLossFromEquityMethodInvestments contextRef="d_2014-09-01_2015-08-31_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis-AllOtherMember" decimals="INF" id="c11644557" unitRef="iso4217-usd">1844957</us-gaap:IncomeLossFromEquityMethodInvestments>
  <us-gaap:IncomeLossIncludingPortionAttributableToNoncontrollingInterest contextRef="d_2015-09-01_2016-08-31" decimals="INF" id="c11644245" unitRef="iso4217-usd">-572182</us-gaap:IncomeLossIncludingPortionAttributableToNoncontrollingInterest>
  <us-gaap:IncomeLossIncludingPortionAttributableToNoncontrollingInterest contextRef="d_2014-09-01_2015-08-31" decimals="INF" id="c11644246" unitRef="iso4217-usd">3166034</us-gaap:IncomeLossIncludingPortionAttributableToNoncontrollingInterest>
  <us-gaap:IncomeTaxDisclosureTextBlock contextRef="d_2015-09-01_2016-08-31" id="s382855">&lt;div style="display: inline; font-family: times new roman; font-size: 10pt"&gt;&lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;&lt;div style="display: inline; font-weight: bold;"&gt;15. INCOME TAXES&lt;/div&gt;&lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;&amp;nbsp;&lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;The provision for income taxes for the fiscal years ended August&amp;nbsp;31, 2016 and 2015 consists of the following:&lt;/div&gt; &lt;div style=" font-size: 10pt; margin: 0pt 0px"&gt;&amp;nbsp;&lt;/div&gt; &lt;div&gt; &lt;table style="TEXT-INDENT: 0;WIDTH: 100%; BORDER-COLLAPSE: collapse; width: 700px;" cellspacing="0" cellpadding="0"&gt;  &lt;tr style="VERTICAL-ALIGN: bottom"&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="7"&gt;Fiscal Year Ended August 31,&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom"&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3"&gt;2016&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3"&gt;2015&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify"&gt;Current:&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify" colspan="3"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify" colspan="3"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify"&gt;Federal&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;$&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;&amp;#x2014;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;$&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;&amp;#x2014;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 74%; TEXT-ALIGN: justify; TEXT-INDENT: 11pt"&gt;State&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right"&gt;20,000&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right"&gt;(37,000&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left"&gt;)&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"&gt; &lt;td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt; TEXT-ALIGN: justify; TEXT-INDENT: 11pt"&gt;Foreign&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"&gt;647,000&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"&gt;542,000&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;667,000&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;505,000&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify"&gt;Deferred:&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; TEXT-INDENT: 11pt"&gt;Federal&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;6,000&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;87,000&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; TEXT-INDENT: 11pt"&gt;State&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;&amp;#x2014;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;5,000&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"&gt; &lt;td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt; TEXT-ALIGN: justify; TEXT-INDENT: 11pt"&gt;Foreign&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"&gt;(47,000&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"&gt;)&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"&gt;52,000&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"&gt; &lt;td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt; TEXT-ALIGN: justify"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"&gt;(41,000&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"&gt;)&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"&gt;144,000&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"&gt; &lt;td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 2.25pt; TEXT-ALIGN: justify"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 2.25pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left"&gt;$&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: right"&gt;626,000&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 2.25pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left"&gt;$&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: right"&gt;649,000&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt;  &lt;/table&gt; &lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; TEXT-ALIGN: justify; MARGIN: 0pt 0px"&gt;&amp;nbsp;&lt;/div&gt;  &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;Reconciliations of the expected federal income tax at the statutory rate with the provisions for income taxes for the fiscal years ended August 31, 2016 and 2015 are as follows:&lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;&amp;nbsp;&lt;/div&gt; &lt;div&gt; &lt;table style="TEXT-INDENT: 0;WIDTH: 100%; BORDER-COLLAPSE: collapse; width: 700px;" cellspacing="0" cellpadding="0"&gt;  &lt;tr style="VERTICAL-ALIGN: bottom"&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="7" nowrap="nowrap"&gt;Fiscal Year Ended August 31,&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom"&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3"&gt;2016&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3"&gt;2015&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 74%; TEXT-ALIGN: left"&gt;Tax computed at statutory rates&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left"&gt;$&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right"&gt;(195,000&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left"&gt;)&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left"&gt;$&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right"&gt;1,076,000&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;State income tax, net of federal benefit&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;20,000&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;(32,000&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;)&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"&gt; &lt;td style="font-size: 10pt; text-align: left; padding-left: 10pt; text-indent: -10pt"&gt;Tax effect on equity in (income) loss of international joint ventures&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;(956,000&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;)&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;(1,986,000&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;)&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"&gt; &lt;td style="font-size: 10pt; text-align: left; padding-left: 10pt; text-indent: -10pt"&gt;Tax effect on dividends received from joint ventures and investment at carrying value&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;2,681,000&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;1,470,000&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;Tax effect of foreign operations&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;997,000&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;996,000&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;Foreign tax credit&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;(3,178,000&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;)&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;(1,937,000&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;)&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;Research and development credit&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;(408,000&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;)&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;(314,000&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;)&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;Valuation allowance&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;1,620,000&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;1,379,000&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;Stock based compensation&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;90,000&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;99,000&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;Non-controlling interest&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;(148,000&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;)&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;(204,000&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;)&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"&gt; &lt;td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt"&gt;Other&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"&gt;103,000&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"&gt;102,000&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"&gt; &lt;td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 2.25pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 2.25pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left"&gt;$&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: right"&gt;626,000&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 2.25pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left"&gt;$&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: right"&gt;649,000&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt;  &lt;/table&gt; &lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; TEXT-ALIGN: justify; MARGIN: 0pt 0px 0pt 0.25in; TEXT-INDENT: -0.25in"&gt;&amp;nbsp;&lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;The Company has not provided U.S. income taxes or foreign withholding taxes with respect to its portion of the cumulative undistributed earnings of foreign joint ventures that are essentially permanent in duration. The Company&amp;#x2019;s portion of the cumulative undistributed earnings of foreign joint ventures that are essentially permanent in duration were $17,779,912 and $18,483,377 at August 31, 2016 and 2015, respectively.&amp;nbsp; During fiscal 2016, the Company recorded deferred income tax expense of $32,000 representing foreign withholding taxes to be paid with respect to the portion of the cumulative undistributed earnings of foreign joint ventures that it determined were not essentially permanent in duration. If some or all of the undistributed earnings of the joint ventures are remitted to the Company in the future, income taxes, if any, after the application of foreign tax credits will be provided at that time. To the extent undistributed earnings of the Company&amp;#x2019;s joint ventures are distributed in the future, it is not expected to result in any material additional U.S. income tax liability after the application of foreign tax credits.&lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;&amp;nbsp;&lt;/div&gt;    &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;The tax effect of the temporary differences and tax carryforwards comprising the net deferred taxes shown on the consolidated balance sheets at August&amp;nbsp;31, 2016 and 2015 are as follows:&lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;&amp;nbsp;&lt;/div&gt; &lt;div&gt; &lt;table style="TEXT-INDENT: 0;WIDTH: 100%; BORDER-COLLAPSE: collapse; width: 700px;" cellspacing="0" cellpadding="0"&gt;  &lt;tr style="VERTICAL-ALIGN: bottom"&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="7"&gt;August 31,&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom"&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3"&gt;2016&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3"&gt;2015&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 74%; TEXT-ALIGN: left"&gt;Accrued compensation&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left"&gt;$&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right"&gt;150,600&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left"&gt;$&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right"&gt;237,700&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;Inventory costs&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;95,300&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;81,200&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;Accrued joint venture expenses&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;54,200&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;93,200&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;Other accrued expenses&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;87,000&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;53,800&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;Goodwill and other intangible assets&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;1,332,000&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;1,123,200&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;Stock-based compensation&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;210,600&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;308,900&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;Foreign tax credit carryforward&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;5,679,000&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;4,654,800&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"&gt; &lt;td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt; TEXT-ALIGN: left"&gt;Other credit and loss carryforwards&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"&gt;3,214,300&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"&gt;2,262,000&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left; TEXT-INDENT: 10pt"&gt;Total deferred tax assets&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;10,823,000&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;8,814,800&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"&gt; &lt;td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt; TEXT-ALIGN: left"&gt;Valuation allowance&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"&gt;(8,893,300&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"&gt;)&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"&gt;(6,889,900&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"&gt;)&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left; TEXT-INDENT: 10pt"&gt;Total deferred tax assets after valuation allowance&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;1,929,700&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;1,924,900&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;Property and equipment&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;(215,600&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;)&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;(204,000&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;)&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"&gt; &lt;td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt"&gt;Other&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"&gt;(74,300&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"&gt;)&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"&gt;(120,800&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"&gt;)&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left; TEXT-INDENT: 10pt"&gt;Total deferred tax liabilities&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"&gt;(289,900&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"&gt;)&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"&gt;(324,800&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"&gt;)&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"&gt; &lt;td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 2.25pt; TEXT-ALIGN: left"&gt;Net deferred tax assets&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 2.25pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left"&gt;$&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: right"&gt;1,639,800&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 2.25pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left"&gt;$&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: right"&gt;1,600,100&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt;  &lt;/table&gt; &lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; TEXT-ALIGN: justify; MARGIN: 0pt 0px"&gt;&amp;nbsp;&lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;The Company has revised the presentation of net deferred tax assets to comply with the disclosure guidance in ASC 740 to reflect total deferred tax assets and total deferred tax liabilities, rather than current deferred taxes and non-current deferred taxes.&lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;&amp;nbsp;&lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;In November 2015, the FASB issued ASU 2015-17 which simplifies the presentation of deferred income taxes and requires that deferred tax liabilities and assets be classified as noncurrent in a classified statement of financial position. For public business entities, the amendments in ASU 2015-17 are effective for annual periods beginning after December 15, 2016. The Company has elected to early adopt ASU 2015-17 prospectively as of August 31, 2016. Prior periods were not retroactively adjusted.&lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;&amp;nbsp;&lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;At August 31, 2016, the Company had foreign tax credit carryforwards of approximately $5,679,000, of which approximately $350,600 will expire if not utilized by August 31, 2017. In addition, the Company had federal and state tax credit carryforwards of $2,643,300 at August 31, 2016 which begin to expire in fiscal 2019.&amp;nbsp; These federal and state tax credit carryforwards consist primarily of federal and Minnesota research and development credit carryforwards. The Company also has foreign net operating loss carryforwards of $571,000 at August 31, 2016 which begin to expire in fiscal 2020.&lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;&amp;nbsp;&lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;As of August 31, 2016, the Company recorded a valuation allowance of $5,679,000 with respect to the foreign tax credit carryforwards.&amp;nbsp; In addition, the Company has recorded a valuation allowance of $2,643,300 with respect to federal and state tax credit carryforwards, and had recorded a valuation allowance of $571,000 with respect to the foreign net operating loss carryforwards.&lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;&amp;nbsp;&lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;As of August 31, 2015, the Company had recorded a valuation allowance of $4,654,800 with respect to the foreign tax credit carryforwards.&amp;nbsp; In addition, the Company had recorded a valuation allowance of $2,335,200 with respect to federal and state tax credit carryforwards.&lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;&amp;nbsp;&lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;The Company records a tax valuation allowance to reduce deferred tax assets to the amount expected to be realized when it is more likely than not that some portion or all of its deferred tax assets will not be realized.&amp;nbsp; The Company determined based on all available evidence, including historical data and projections of future results, that it is more likely than not that all of its deferred tax assets, except for its foreign tax credit carryforward, federal and Minnesota research and development credit carryforwards, and capital loss carryforwards will be fully realized.&amp;nbsp; The Company determined that its deferred tax asset related to foreign tax credit carryforwards will not be realized due to insufficient federal taxable income within the carryforward period and the fact that for ordering purposes the foreign tax credit carryforwards are not allowed to be used until after any current year foreign tax credits are utilized.&amp;nbsp; In addition, based on historical data and future projections, the Company determined that it is more likely than not that its deferred tax asset related to federal and Minnesota research and development credit carryforwards will not be realized due to insufficient federal and Minnesota taxable income within the carryforward period after considering the foreign tax credit usage.&lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;&amp;nbsp;&lt;/div&gt;    &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;The following is a tabular reconciliation of the total amounts of unrecognized tax benefits:&lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;&amp;nbsp;&lt;/div&gt; &lt;div&gt; &lt;table style="TEXT-INDENT: 0;WIDTH: 100%; BORDER-COLLAPSE: collapse; width: 700px;" cellspacing="0" cellpadding="0"&gt;  &lt;tr style="VERTICAL-ALIGN: bottom"&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="7"&gt;Fiscal Year Ended August 31,&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom"&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3"&gt;2016&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3"&gt;2015&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 74%; PADDING-BOTTOM: 1pt; TEXT-ALIGN: left"&gt;Gross unrecognized tax benefits &amp;#x2013; beginning balance&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left"&gt;$&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right"&gt;203,000&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left"&gt;$&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right"&gt;180,000&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"&gt; &lt;td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt; TEXT-ALIGN: left"&gt;Gross increases - prior period tax positions&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;15,000&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;15,000&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"&gt; &lt;td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt; TEXT-ALIGN: left"&gt;Gross increases &amp;#x2013; current period tax positions&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"&gt;20,000&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"&gt;8,000&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"&gt; &lt;td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt; TEXT-ALIGN: left"&gt;Gross unrecognized tax benefits &amp;#x2013; ending balance&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 2.25pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left"&gt;$&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: right"&gt;238,000&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 2.25pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left"&gt;$&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: right"&gt;203,000&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt;  &lt;/table&gt; &lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;&amp;nbsp;&lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;The entire amount of unrecognized tax benefits would affect the effective tax rate.&amp;nbsp; It is not expected that the amount of unrecognized tax benefits will change significantly in the next 12 months.&lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;&amp;nbsp;&lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;The Company recognizes interest and penalties related to unrecognized tax benefits as a component of the Company&amp;#x2019;s income tax provision. Accrued interest and penalties are included within the related tax liability line in the consolidated balance sheet. There was no liability for the payment of interest and penalties at both August 31, 2016 and August 31, 2015.&lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; TEXT-ALIGN: justify; MARGIN: 0pt 0px"&gt;&amp;nbsp;&lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; TEXT-ALIGN: justify; MARGIN: 0pt 0px"&gt;The Company is subject to taxation in the United States and various states and foreign jurisdictions. With few exceptions, as of August 31, 2016, the Company is no longer subject to federal, state, local, or foreign examinations by tax authorities for years prior to August 31, 2013.&lt;/div&gt;&lt;/div&gt;</us-gaap:IncomeTaxDisclosureTextBlock>
  <us-gaap:IncomeTaxExpenseBenefit contextRef="d_2015-09-01_2016-08-31" decimals="INF" id="c11644247" unitRef="iso4217-usd">626120</us-gaap:IncomeTaxExpenseBenefit>
  <us-gaap:IncomeTaxExpenseBenefit contextRef="d_2014-09-01_2015-08-31" decimals="INF" id="c11644248" unitRef="iso4217-usd">648674</us-gaap:IncomeTaxExpenseBenefit>
  <us-gaap:IncomeTaxPolicyTextBlock contextRef="d_2015-09-01_2016-08-31" id="c11645152">&lt;div style="display: inline; font-family: times new roman; font-size: 10pt"&gt;&lt;div style="display: inline; font-family: times new roman; font-size: 10pt"&gt;&lt;div style="display: inline; font-family: times new roman; font-size: 10pt"&gt;&lt;div style="display: inline; font-family: times new roman; font-size: 10pt"&gt;&lt;div style="display: inline; font-family: times new roman; font-size: 10pt"&gt;&lt;div style="display: inline; font-family: times new roman; font-size: 10pt"&gt;&lt;div style="display: inline; font-family: times new roman; font-size: 10pt"&gt;&lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;&lt;div style="display: inline; font-style: italic;"&gt;Income Taxes&lt;/div&gt; - The Company utilizes the liability method of accounting for income taxes which requires an asset and liability approach to financial accounting and reporting for income taxes. Deferred income tax assets and liabilities are determined based on the differences between the financial statement and tax basis of assets and liabilities using enacted tax rates in effect for the year in which the differences are expected to reverse. The effect of a change in tax rates on deferred tax assets and liabilities is recognized in income in the period that includes the enactment date.&lt;/div&gt;&lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;&amp;nbsp;&lt;/div&gt;&lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;The Company records net deferred tax assets to the extent the Company believes these assets will more likely than not be realized. In making such a determination, the Company considers all available positive and negative evidence, including future reversals of existing taxable temporary differences, projected future taxable income, tax-planning strategies, and results of recent operations. In the event the Company determines that it would be able to realize its deferred income tax assets in the future in excess of their net recorded amount, the Company would make an adjustment to the deferred tax asset valuation allowance, which would reduce the provision for income taxes.&lt;/div&gt;&lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;&amp;nbsp;&lt;/div&gt;&lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;The Company records uncertain tax positions on the basis of a two-step process whereby the Company determines whether it is more likely than not that the tax positions will be sustained based on the technical merits of the position and those tax positions that meet the more-likely-than-not recognition threshold. The Company recognizes the largest amount of tax benefit that is greater than 50 percent likely to be realized upon ultimate settlement with the related tax authority.&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;</us-gaap:IncomeTaxPolicyTextBlock>
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  <us-gaap:IncomeTaxReconciliationDeductionsDividends contextRef="d_2015-09-01_2016-08-31" decimals="INF" id="c11644717" unitRef="iso4217-usd">2681000</us-gaap:IncomeTaxReconciliationDeductionsDividends>
  <us-gaap:IncomeTaxReconciliationDeductionsDividends contextRef="d_2014-09-01_2015-08-31" decimals="INF" id="c11644718" unitRef="iso4217-usd">1470000</us-gaap:IncomeTaxReconciliationDeductionsDividends>
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  <us-gaap:IncomeTaxReconciliationForeignIncomeTaxRateDifferential contextRef="d_2015-09-01_2016-08-31" decimals="INF" id="c11644719" unitRef="iso4217-usd">997000</us-gaap:IncomeTaxReconciliationForeignIncomeTaxRateDifferential>
  <us-gaap:IncomeTaxReconciliationForeignIncomeTaxRateDifferential contextRef="d_2014-09-01_2015-08-31" decimals="INF" id="c11644720" unitRef="iso4217-usd">996000</us-gaap:IncomeTaxReconciliationForeignIncomeTaxRateDifferential>
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  <us-gaap:IncomeTaxReconciliationMinorityInterestIncomeExpense contextRef="d_2015-09-01_2016-08-31" decimals="INF" id="c11644729" unitRef="iso4217-usd">148000</us-gaap:IncomeTaxReconciliationMinorityInterestIncomeExpense>
  <us-gaap:IncomeTaxReconciliationMinorityInterestIncomeExpense contextRef="d_2014-09-01_2015-08-31" decimals="INF" id="c11644730" unitRef="iso4217-usd">204000</us-gaap:IncomeTaxReconciliationMinorityInterestIncomeExpense>
  <us-gaap:IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost contextRef="d_2015-09-01_2016-08-31" decimals="INF" id="c11644727" unitRef="iso4217-usd">90000</us-gaap:IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost>
  <us-gaap:IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost contextRef="d_2014-09-01_2015-08-31" decimals="INF" id="c11644728" unitRef="iso4217-usd">99000</us-gaap:IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost>
  <us-gaap:IncomeTaxReconciliationOtherReconcilingItems contextRef="d_2015-09-01_2016-08-31" decimals="INF" id="c11644731" unitRef="iso4217-usd">103000</us-gaap:IncomeTaxReconciliationOtherReconcilingItems>
  <us-gaap:IncomeTaxReconciliationOtherReconcilingItems contextRef="d_2014-09-01_2015-08-31" decimals="INF" id="c11644732" unitRef="iso4217-usd">102000</us-gaap:IncomeTaxReconciliationOtherReconcilingItems>
  <us-gaap:IncomeTaxReconciliationStateAndLocalIncomeTaxes contextRef="d_2015-09-01_2016-08-31" decimals="INF" id="c11644713" unitRef="iso4217-usd">20000</us-gaap:IncomeTaxReconciliationStateAndLocalIncomeTaxes>
  <us-gaap:IncomeTaxReconciliationStateAndLocalIncomeTaxes contextRef="d_2014-09-01_2015-08-31" decimals="INF" id="c11644714" unitRef="iso4217-usd">-32000</us-gaap:IncomeTaxReconciliationStateAndLocalIncomeTaxes>
  <us-gaap:IncomeTaxReconciliationTaxCredits contextRef="d_2015-09-01_2016-08-31" decimals="INF" id="c11644723" unitRef="iso4217-usd">408000</us-gaap:IncomeTaxReconciliationTaxCredits>
  <us-gaap:IncomeTaxReconciliationTaxCredits contextRef="d_2014-09-01_2015-08-31" decimals="INF" id="c11644724" unitRef="iso4217-usd">314000</us-gaap:IncomeTaxReconciliationTaxCredits>
  <us-gaap:IncomeTaxReconciliationTaxCreditsForeign contextRef="d_2015-09-01_2016-08-31" decimals="INF" id="c11644721" unitRef="iso4217-usd">3178000</us-gaap:IncomeTaxReconciliationTaxCreditsForeign>
  <us-gaap:IncomeTaxReconciliationTaxCreditsForeign contextRef="d_2014-09-01_2015-08-31" decimals="INF" id="c11644722" unitRef="iso4217-usd">1937000</us-gaap:IncomeTaxReconciliationTaxCreditsForeign>
  <us-gaap:IncomeTaxesPaidNet contextRef="d_2015-09-01_2016-08-31" decimals="INF" id="c11644780" unitRef="iso4217-usd">610000</us-gaap:IncomeTaxesPaidNet>
  <us-gaap:IncomeTaxesPaidNet contextRef="d_2014-09-01_2015-08-31" decimals="INF" id="c11644781" unitRef="iso4217-usd">542000</us-gaap:IncomeTaxesPaidNet>
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  <us-gaap:IncreaseDecreaseInInventories contextRef="d_2015-09-01_2016-08-31" decimals="INF" id="c11644412" unitRef="iso4217-usd">257826</us-gaap:IncreaseDecreaseInInventories>
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  <us-gaap:IncrementalCommonSharesAttributableToShareBasedPaymentArrangements contextRef="d_2014-09-01_2015-08-31" decimals="INF" id="c11644572" unitRef="xbrli-shares">127272</us-gaap:IncrementalCommonSharesAttributableToShareBasedPaymentArrangements>
  <us-gaap:IntangibleAssetsDisclosureTextBlock contextRef="d_2015-09-01_2016-08-31" id="s382829">&lt;div style="display: inline; font-family: times new roman; font-size: 10pt"&gt;&lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;&lt;div style="display: inline; font-weight: bold;"&gt;5. PATENTS AND TRADEMARKS, NET&lt;/div&gt;&lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;&lt;div style="display: inline; font-weight: bold;"&gt;&amp;nbsp;&lt;/div&gt;&lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;Patents and trademarks, net consisted of the following:&lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;&amp;nbsp;&lt;/div&gt; &lt;div&gt; &lt;table style="TEXT-INDENT: 0;WIDTH: 100%; BORDER-COLLAPSE: collapse; width: 700px;" cellspacing="0" cellpadding="0"&gt;  &lt;tr style="VERTICAL-ALIGN: bottom"&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3" nowrap="nowrap"&gt;August 31, 2016&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3" nowrap="nowrap"&gt;August 31, 2015&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 74%; TEXT-ALIGN: justify"&gt;Patents and trademarks&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left"&gt;$&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right"&gt;2,575,435&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left"&gt;$&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right"&gt;2,440,022&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"&gt; &lt;td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt; TEXT-ALIGN: justify"&gt;Less accumulated amortization&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"&gt;(1,296,838&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"&gt;)&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"&gt;(1,177,803&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"&gt;)&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"&gt; &lt;td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 2.25pt; TEXT-ALIGN: justify"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 2.25pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left"&gt;$&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: right"&gt;1,278,597&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 2.25pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left"&gt;$&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: right"&gt;1,262,219&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt;  &lt;/table&gt; &lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; TEXT-ALIGN: justify; MARGIN: 0pt 0px"&gt;&amp;nbsp;&lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;Patent and trademark costs are amortized over seven years. Costs incurred related to patents and trademarks are capitalized until filed and approved, at which time the amounts capitalized to date are amortized and any further costs, including maintenance costs, are expensed as incurred. Amortization expense was $119,032 and $87,663 for the years ended August 31, 2016 and 2015, respectively. Amortization expense is estimated to approximate $120,000 in each of the next five fiscal years.&lt;/div&gt;&lt;/div&gt;</us-gaap:IntangibleAssetsDisclosureTextBlock>
  <us-gaap:IntangibleAssetsFiniteLivedPolicy contextRef="d_2015-09-01_2016-08-31" id="c11645149">&lt;div style="display: inline; font-family: times new roman; font-size: 10pt"&gt;&lt;div style="display: inline; font-family: times new roman; font-size: 10pt"&gt;&lt;div style="display: inline; font-family: times new roman; font-size: 10pt"&gt;&lt;div style="display: inline; font-family: times new roman; font-size: 10pt"&gt;&lt;div style="display: inline; font-family: times new roman; font-size: 10pt"&gt;&lt;div style="display: inline; font-family: times new roman; font-size: 10pt"&gt;&lt;div style="display: inline; font-family: times new roman; font-size: 10pt"&gt;&lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;&lt;div style="display: inline; font-style: italic;"&gt;Patents&lt;/div&gt; &amp;#x2013; Patents, including acquisition costs, are stated at cost, less accumulated amortization. Amortization is computed using the straight-line method over the estimated useful lives of the respective assets. Upon retirement, the cost of assets disposed and the related accumulated amortization are removed from the accounts and any resulting gain or loss is credited or charged to operations.&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;</us-gaap:IntangibleAssetsFiniteLivedPolicy>
  <us-gaap:InterestExpense contextRef="d_2015-09-01_2016-08-31" decimals="INF" id="c11644239" unitRef="iso4217-usd">13261</us-gaap:InterestExpense>
  <us-gaap:InterestExpense contextRef="d_2014-09-01_2015-08-31" decimals="INF" id="c11644240" unitRef="iso4217-usd">20960</us-gaap:InterestExpense>
  <us-gaap:InterestPaidNet contextRef="d_2015-09-01_2016-08-31" decimals="INF" id="c11644782" unitRef="iso4217-usd">13261</us-gaap:InterestPaidNet>
  <us-gaap:InterestPaidNet contextRef="d_2014-09-01_2015-08-31" decimals="INF" id="c11644783" unitRef="iso4217-usd">20960</us-gaap:InterestPaidNet>
  <us-gaap:InventoryDisclosureTextBlock contextRef="d_2015-09-01_2016-08-31" id="s382825">&lt;div style="display: inline; font-family: times new roman; font-size: 10pt"&gt;&lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;&lt;div style="display: inline; font-weight: bold;"&gt;3. INVENTORIES&lt;/div&gt;&lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;&amp;nbsp;&lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;Inventories consisted of the following:&lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;&amp;nbsp;&lt;/div&gt; &lt;div&gt; &lt;table style="TEXT-INDENT: 0;WIDTH: 100%; BORDER-COLLAPSE: collapse; width: 700px;" cellspacing="0" cellpadding="0"&gt;  &lt;tr style="VERTICAL-ALIGN: bottom"&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3" nowrap="nowrap"&gt;August 31, 2016&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3" nowrap="nowrap"&gt;August 31, 2015&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 74%; TEXT-ALIGN: justify"&gt;Production materials&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left"&gt;$&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right"&gt;1,452,396&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left"&gt;$&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right"&gt;1,445,014&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"&gt; &lt;td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt; TEXT-ALIGN: justify"&gt;Finished goods&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"&gt;6,258,891&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"&gt;6,023,427&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"&gt; &lt;td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 2.25pt; TEXT-ALIGN: justify"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 2.25pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left"&gt;$&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: right"&gt;7,711,287&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 2.25pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left"&gt;$&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: right"&gt;7,468,441&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt;  &lt;/table&gt; &lt;/div&gt;&lt;/div&gt;</us-gaap:InventoryDisclosureTextBlock>
  <us-gaap:InventoryFinishedGoodsNetOfReserves contextRef="i_2016-08-31" decimals="INF" id="c11644464" unitRef="iso4217-usd">6258891</us-gaap:InventoryFinishedGoodsNetOfReserves>
  <us-gaap:InventoryFinishedGoodsNetOfReserves contextRef="i_2015-08-31" decimals="INF" id="c11644465" unitRef="iso4217-usd">6023427</us-gaap:InventoryFinishedGoodsNetOfReserves>
  <us-gaap:InventoryGross contextRef="i_2016-08-31" decimals="INF" id="c11644150" unitRef="iso4217-usd">7711287</us-gaap:InventoryGross>
  <us-gaap:InventoryGross contextRef="i_2015-08-31" decimals="INF" id="c11644151" unitRef="iso4217-usd">7468441</us-gaap:InventoryGross>
  <us-gaap:InventoryNet contextRef="i_2016-08-31" decimals="INF" id="c11644466" unitRef="iso4217-usd">7711287</us-gaap:InventoryNet>
  <us-gaap:InventoryNet contextRef="i_2015-08-31" decimals="INF" id="c11644467" unitRef="iso4217-usd">7468441</us-gaap:InventoryNet>
  <us-gaap:InventoryPolicyTextBlock contextRef="d_2015-09-01_2016-08-31" id="c11645147">&lt;div style="display: inline; font-family: times new roman; font-size: 10pt"&gt;&lt;div style="display: inline; font-family: times new roman; font-size: 10pt"&gt;&lt;div style="display: inline; font-family: times new roman; font-size: 10pt"&gt;&lt;div style="display: inline; font-family: times new roman; font-size: 10pt"&gt;&lt;div style="display: inline; font-family: times new roman; font-size: 10pt"&gt;&lt;div style="display: inline; font-family: times new roman; font-size: 10pt"&gt;&lt;div style="display: inline; font-family: times new roman; font-size: 10pt"&gt;&lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;&lt;div style="display: inline; font-style: italic;"&gt;Inventories&lt;/div&gt; - Inventories are recorded at the lower of cost (first-in, first-out basis) or market.&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;</us-gaap:InventoryPolicyTextBlock>
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  <us-gaap:InvestmentIncomeInterest contextRef="d_2014-09-01_2015-08-31" decimals="INF" id="c11644238" unitRef="iso4217-usd">34835</us-gaap:InvestmentIncomeInterest>
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  <us-gaap:OrganizationConsolidationAndPresentationOfFinancialStatementsDisclosureTextBlock contextRef="d_2015-09-01_2016-08-31" id="s382822">&lt;div style="display: inline; font-family: times new roman; font-size: 10pt"&gt;&lt;div style=" FONT-SIZE: 10pt; TEXT-ALIGN: justify; MARGIN: 0pt 0px"&gt;&lt;div style="display: inline; font-weight: bold;"&gt;1. NATURE OF BUSINESS AND SIGNIFICANT ACCOUNTING POLICIES&lt;/div&gt;&lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; TEXT-ALIGN: justify; MARGIN: 0pt 0px"&gt;&lt;div style="display: inline; font-weight: bold;"&gt;&amp;nbsp;&lt;/div&gt;&lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;&lt;div style="display: inline; font-style: italic;"&gt;&lt;/div&gt;&lt;/div&gt; &lt;div style=" font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"&gt;&lt;div style="display: inline; font-style: italic;"&gt;Nature of Business &lt;/div&gt;&amp;#x2013; Northern Technologies International Corporation and Subsidiaries (the Company) develop and market proprietary environmentally beneficial products and services in over 60 countries either directly or via a network of joint ventures, independent distributors and agents. The Company&amp;#x2019;s primary business is corrosion prevention marketed mainly under the ZERUST&lt;div style="display: inline; bottom:.33em; font-size: 82%; position: relative; vertical-align: baseline;"&gt;&amp;reg;&lt;/div&gt; brand. The Company has been selling its proprietary ZERUST&lt;div style="display: inline; bottom:.33em; font-size: 82%; position: relative; vertical-align: baseline;"&gt;&amp;reg;&lt;/div&gt; rust and corrosion inhibiting products and services to the automotive, electronics, electrical, mechanical, military and retail consumer markets for over 40 years, and more recently, has targeted and expanded into the oil and gas industry. The Company also sells a portfolio of biobased and certified compostable (fully biodegradable) polymer resin compounds and finished products under the Natur-Tec&lt;div style="display: inline; bottom:.33em; font-size: 82%; position: relative; vertical-align: baseline;"&gt;&amp;reg;&lt;/div&gt; brand. These products are intended to reduce the Company&amp;#x2019;s customers&amp;#x2019; carbon footprint and provide environmentally sound disposal options. The Company&amp;#x2019;s two operating segments are ZERUST and Nature-Tec.&lt;/div&gt; &lt;div style=" font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"&gt;&amp;nbsp;&lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;The Company participates, either directly or indirectly, in 19 active joint venture arrangements in North America, Europe and Asia. Each of these joint ventures generally manufactures and markets products in the geographic territory to which it is assigned. While most of the Company&amp;#x2019;s joint ventures exclusively sell rust and corrosion inhibiting products, some of the joint ventures also sell the Company&amp;#x2019;s Natur-Tec&lt;div style="display: inline; bottom:.33em; font-size: 82%; position: relative; vertical-align: baseline; vertical-align: baseline; position: relative; bottom:.33em;"&gt;&amp;reg;&lt;/div&gt; resin compounds and finished products. The profits of joint ventures are shared by the respective joint venture owners in accordance with their respective ownership percentages. The Company typically owns 50% or less of its joint venture entities and does not control the decisions of these entities, including dividend declaration or amount in any given year.&lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;&amp;nbsp;&lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;The Company has evaluated events occurring after the date of the consolidated financial statements for events requiring recording or disclosure in the financial statements.&lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;&amp;nbsp;&lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;&lt;div style="display: inline; font-style: italic;"&gt;Principles of Consolidation&lt;/div&gt; - NTIC evaluates its voting and variable interests in entities on a qualitative and quantitative basis. NTIC consolidates entities in which it concludes it has the power to direct the activities that most significantly impact an entity&amp;#x2019;s economic success and has the obligation to absorb losses or the right to receive benefits that could be significant to the entity. The consolidated financial statements include the accounts of Northern Technologies International Corporation, its wholly-owned subsidiaries, Northern Technologies Holding Company, LLC, NTIC (Shanghai) Co., Ltd. (NTIC China), Natur-Tec India Private Limited (Natur-Tec India), and ZERUST-EXCOR MEXICO, S. de R.L. de C.V (Zerust Mexico), NTIC&amp;#x2019;s majority-owned subsidiary in Brazil, Zerust Preven&amp;ccedil;&amp;atilde;o de Corros&amp;atilde;o S.A. (Zerust Brazil) and NTIC&amp;#x2019;s majority-owned holding company, NTI Asean LLC (NTI Asean). NTIC&amp;#x2019;s consolidated financial statements do not include the accounts of any of its joint ventures.&lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;&amp;nbsp;&lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;&lt;div style="display: inline; font-style: italic;"&gt;Non-Controlling Interests&lt;/div&gt; &amp;#x2013; The Company owns 85% of Zerust Brazil, 60% of NTI Asean, and 90% of Natur-Tec India.&amp;nbsp; The remaining ownership is accounted for as non-controlling interests and reported as part of equity in the consolidated financial statements. The Company allocates gains and losses to the non-controlling interest even when such allocation might result in a deficit balance, reducing the losses attributed to the controlling interest, changes in ownership interests are treated as equity transactions if the Company maintains control.&lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;&amp;nbsp;&lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;&lt;div style="display: inline; font-style: italic;"&gt;Net Sales &lt;/div&gt;&amp;#x2013;The Company includes net sales to its joint ventures and net sales to unaffiliated customers as separate line items on its consolidated statements of operations. There are no sales originating from the Company&amp;#x2019;s joint ventures included in the amount, as the Company&amp;#x2019;s investments in its joint ventures are accounted for using the equity method.&lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;&amp;nbsp;&lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;&lt;/div&gt; &lt;div style="MARGIN-BOTTOM: 6pt; BORDER-BOTTOM: black 4pt solid; MARGIN-TOP: 12pt"&gt; &lt;table style="TEXT-INDENT: 0;FONT-SIZE: 10pt; WIDTH: 100%; BORDER-COLLAPSE: collapse; width: 700px;" cellspacing="0" cellpadding="0"&gt;  &lt;tr style="VERTICAL-ALIGN: top; TEXT-ALIGN: left"&gt; &lt;td style="WIDTH: 100%; TEXT-ALIGN: center"&gt;64&lt;/td&gt; &lt;/tr&gt;  &lt;/table&gt; &lt;/div&gt; &lt;div style="PAGE-BREAK-BEFORE: always; MARGIN-TOP: 6pt"&gt;  &amp;nbsp; &lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;&lt;div style="display: inline; font-style: italic;"&gt;Revenue Recognition&lt;/div&gt; &amp;#x2013; The Company recognizes revenue from the sale of its products when persuasive evidence of an arrangement exists, the product has been delivered, the price is fixed and determinable and collection of the resulting receivable is reasonably assured. These criteria are met when risk of loss and title pass to the customer, distributor or joint venture entity. Sales and use taxes charged to customers are reported on a net basis.&lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;&lt;div style="display: inline; font-style: italic;"&gt;&amp;nbsp;&lt;/div&gt;&lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;&lt;div style="display: inline; font-style: italic;"&gt;Trade Receivable&lt;/div&gt; &amp;#x2013; Payment terms for the Company&amp;#x2019;s unaffiliated customers are determined based on credit risk and vary by customer. The Company typically offers standard payment terms to unaffiliated customers of net 30 days. The Company does not accrue interest on past due accounts receivable. The Company reviews the credit histories of its customers before extending unsecured credit. The Company presents accounts and notes receivable, net of an allowance for doubtful accounts. Each quarter, the Company prepares an analysis of its ability to collect outstanding receivables that provides a basis for an allowance estimate for doubtful accounts. In doing so, the Company evaluates the age of its receivables, past collection history, current financial conditions of key customers and its joint ventures, and economic conditions. Based on this evaluation, the Company establishes a reserve for specific accounts and notes receivable that it believes are uncollectible, as well as an estimate of uncollectible receivables not specifically known. The Company believes that an analysis of historical trends and its current knowledge of potential collection problems provide the Company with sufficient information to establish a reasonable estimate for an allowance for doubtful accounts. In the event the Company determines that a smaller or larger uncollectible accounts reserve is appropriate, the Company records a credit or charge to selling expense in the period that it made such determination. Accounts receivable have been reduced by an allowance for uncollectible accounts of $40,000 at August 31, 2016 and 2015. Accounts are considered past due based on terms agreed upon between the Company and the customer. Accounts receivable are written-off only after all collection attempts have failed and are based on individual credit evaluation and specific circumstances of the customer.&lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;&amp;nbsp;&lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;&lt;div style="display: inline; font-style: italic;"&gt;Trade Receivables from Joint Ventures &lt;/div&gt;&amp;#x2013; Trade receivables from joint ventures arise from sales of products the Company makes to its joint ventures. Payment terms for the Company&amp;#x2019;s joint ventures also are determined based on credit risk; however, additional consideration also is given to the individual joint venture due to the transportation time associated with ocean delivery of most products and certain other factors. Generally, accounts receivable from the Company&amp;#x2019;s joint ventures unpaid after 90 days are considered past due. The Company does not accrue interest on past due balances. The Company periodically reviews amounts due from its joint ventures for collectability, and based on past experience and continuous review of the balances due, determined an allowance for doubtful accounts related to its joint venture receivables is not necessary at August 31, 2016 or 2015.&lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;&amp;nbsp;&lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;&lt;div style="display: inline; font-style: italic;"&gt;Fees for Services Provided to Joint Ventures &amp;#x2013; &lt;/div&gt;The Company provides services to its joint ventures including consulting, legal, travel, insurance, technical and marketing services. The Company receives fees for the services it provides to its joint ventures. The fees for services received by the Company from its joint ventures are generally based on either a flat fee or a percentage of net sales by the Company&amp;#x2019;s joint ventures depending on local laws and tax regulations. The Company recognizes revenues related to fees for services provided to its joint ventures when earned, amounts are determinable and collectability is reasonably assured. Under the Company&amp;#x2019;s agreements with its joint ventures, amounts are earned when product is shipped from joint venture facilities. The Company reviews the financial situation of each of its joint ventures to assist in the likelihood of collections on amounts earned. The Company accounts for these fees on a cash basis if uncertainty exists surrounding the collection of such fees.&lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;&amp;nbsp;&lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;&lt;div style="display: inline; font-style: italic;"&gt;Cash and Cash Equivalents&lt;/div&gt; - The Company includes as cash and cash equivalents highly liquid, short-term investments with maturity of three months or less when purchased, which are readily convertible into known amounts of cash. The Company maintains its cash in high quality financial institutions. The balances, at times, may exceed federally insured limits.&lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;&amp;nbsp;&lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;&lt;/div&gt; &lt;div style="MARGIN-BOTTOM: 6pt; BORDER-BOTTOM: black 4pt solid; MARGIN-TOP: 12pt"&gt; &lt;table style="TEXT-INDENT: 0;FONT-SIZE: 10pt; WIDTH: 100%; BORDER-COLLAPSE: collapse; width: 700px;" cellspacing="0" cellpadding="0"&gt;  &lt;tr style="VERTICAL-ALIGN: top; TEXT-ALIGN: left"&gt; &lt;td style="WIDTH: 100%; TEXT-ALIGN: center"&gt;65&lt;/td&gt; &lt;/tr&gt;  &lt;/table&gt; &lt;/div&gt; &lt;div style="PAGE-BREAK-BEFORE: always; MARGIN-TOP: 6pt"&gt;  &amp;nbsp; &lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;&lt;div style="display: inline; font-style: italic;"&gt;Available for Sale Securities&lt;/div&gt; &amp;#x2013; Available for sale securities are recorded at fair value. Unrealized holding gains and losses on available for sale securities are excluded from earnings.&lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;&lt;div style="display: inline; font-style: italic;"&gt;&amp;nbsp;&lt;/div&gt;&lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;&lt;div style="display: inline; font-style: italic;"&gt;Inventories&lt;/div&gt; - Inventories are recorded at the lower of cost (first-in, first-out basis) or market.&lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;&amp;nbsp;&lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;&lt;div style="display: inline; font-style: italic;"&gt;Property and Depreciation&lt;/div&gt; - Property and equipment are stated at cost. Depreciation is computed using the straight-line method based on the estimated service lives of the various assets as follows:&lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;&amp;nbsp;&lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;&lt;/div&gt; &lt;div&gt; &lt;table style="TEXT-INDENT: 0;WIDTH: 100%; BORDER-COLLAPSE: collapse; width: 700px;" cellspacing="0" cellpadding="0"&gt;  &lt;tr style="VERTICAL-ALIGN: bottom"&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 50%; TEXT-ALIGN: left; PADDING-LEFT: 1.7in" nowrap="nowrap"&gt;Buildings and improvements (years)&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 4%; TEXT-ALIGN: center"&gt;5&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 4%; TEXT-ALIGN: center"&gt;-&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 4%; TEXT-ALIGN: center"&gt;30&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 37%; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom"&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left; PADDING-LEFT: 1.7in"&gt;Machinery and equipment (years)&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: center"&gt;3&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: center"&gt;-&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: center"&gt;10&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt;  &lt;/table&gt; &lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;&lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; TEXT-ALIGN: justify; MARGIN: 0pt 0px"&gt;&amp;nbsp;&lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;&lt;div style="display: inline; font-style: italic;"&gt;Patents&lt;/div&gt; &amp;#x2013; Patents, including acquisition costs, are stated at cost, less accumulated amortization. Amortization is computed using the straight-line method over the estimated useful lives of the respective assets. Upon retirement, the cost of assets disposed and the related accumulated amortization are removed from the accounts and any resulting gain or loss is credited or charged to operations.&lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;&amp;nbsp;&lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;&lt;div style="display: inline; font-style: italic;"&gt;Investments in Joint Ventures&lt;/div&gt; - Investments in the Company&amp;#x2019;s joint ventures are accounted for using the equity method. Under the equity method, investments are initially recorded at cost and are adjusted for dividends, distributed and undistributed earnings and losses, changes in foreign currency exchange rates and additional investments. In the event the Company&amp;#x2019;s share of joint venture&amp;#x2019;s cumulative losses exceeds the Company&amp;#x2019;s investment balance, the balance is reported at zero value until proportionate income exceeds the losses. The Company assesses its joint ventures for impairment on an annual basis as of August 31 of each year as part of its fiscal year end analysis. In addition to the annual review for impairment, the Company reviews the operating results of each joint venture on a quarterly basis in comparison to its historical operating results and its accrual of fees for services provided to joint ventures. If the operating results of a joint venture do not meet financial performance expectations, an additional evaluation is performed on the joint venture. The Company&amp;#x2019;s evaluation of its investments in joint ventures requires the Company to make assumptions about future cash flows of its joint ventures. These assumptions require significant judgment and actual results may differ from assumed or estimated amounts. All investments in joint ventures have positive equity as of August 31, 2016 and 2015.&lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;&amp;nbsp;&lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;&lt;div style="display: inline; font-style: italic;"&gt;Investment at Carrying Value&lt;/div&gt; &amp;#x2013; If the Company is no longer able to exercise significant influence over operating and financial policy of a joint venture previously accounted for under the equity method, it maintains the investment at the carrying value as of the date that significant influence no longer exists and discontinues accruing the proportionate earnings or losses of the investment.&lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;&amp;nbsp;&lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;Investments are considered to be impaired when a decline in fair value is judged to be other-than-temporary. Fair value is calculated based on publicly available market information or other estimates determined by management. The Company employs a systematic methodology on a quarterly basis that considers available quantitative and qualitative evidence in evaluating potential impairment of our investments. If the cost of an investment exceeds its fair value, the Company evaluates, among other factors, general market conditions, credit quality of debt instrument issuers, the duration and extent to which the fair value is less than cost, and for equity securities, the Company&amp;#x2019;s intent and ability to hold, or plans to sell, the investment. The Company also considers specific adverse conditions related to the financial health of and business outlook for the investee, including industry and sector performance, changes in technology, and operational and financing cash flow factors. Once a decline in fair value is determined to be other-than-temporary, an impairment charge is recorded to other income (expense) and a new cost basis in the investment is established.&lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;&amp;nbsp;&lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;&lt;/div&gt; &lt;div style="MARGIN-BOTTOM: 6pt; BORDER-BOTTOM: black 4pt solid; MARGIN-TOP: 12pt"&gt; &lt;table style="TEXT-INDENT: 0;FONT-SIZE: 10pt; WIDTH: 100%; BORDER-COLLAPSE: collapse; width: 700px;" cellspacing="0" cellpadding="0"&gt;  &lt;tr style="VERTICAL-ALIGN: top; TEXT-ALIGN: left"&gt; &lt;td style="WIDTH: 100%; TEXT-ALIGN: center"&gt;66&lt;/td&gt; &lt;/tr&gt;  &lt;/table&gt; &lt;/div&gt; &lt;div style="PAGE-BREAK-BEFORE: always; MARGIN-TOP: 6pt"&gt;  &amp;nbsp; &lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;&lt;div style="display: inline; font-style: italic;"&gt;Recoverability of Long-Lived Assets&lt;/div&gt; - The Company reviews its long-lived assets whenever events or changes in circumstances indicate the carrying amount of the assets may not be recoverable. The Company determines potential impairment by comparing the carrying value of the assets with expected net cash flows expected to be provided by operating activities of the business or related products. If the sum of the expected undiscounted future net cash flows is less than the carrying value, the Company evaluates if an impairment loss should be recognized. An impairment loss is measured by comparing the amount by which the carrying value exceeds the fair value of the asset.&lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;&amp;nbsp;&lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;&lt;div style="display: inline; font-style: italic;"&gt;Income Taxes&lt;/div&gt; - The Company utilizes the liability method of accounting for income taxes which requires an asset and liability approach to financial accounting and reporting for income taxes. Deferred income tax assets and liabilities are determined based on the differences between the financial statement and tax basis of assets and liabilities using enacted tax rates in effect for the year in which the differences are expected to reverse. The effect of a change in tax rates on deferred tax assets and liabilities is recognized in income in the period that includes the enactment date.&lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;&amp;nbsp;&lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;The Company records net deferred tax assets to the extent the Company believes these assets will more likely than not be realized. In making such a determination, the Company considers all available positive and negative evidence, including future reversals of existing taxable temporary differences, projected future taxable income, tax-planning strategies, and results of recent operations. In the event the Company determines that it would be able to realize its deferred income tax assets in the future in excess of their net recorded amount, the Company would make an adjustment to the deferred tax asset valuation allowance, which would reduce the provision for income taxes.&lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;&amp;nbsp;&lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;The Company records uncertain tax positions on the basis of a two-step process whereby the Company determines whether it is more likely than not that the tax positions will be sustained based on the technical merits of the position and those tax positions that meet the more-likely-than-not recognition threshold. The Company recognizes the largest amount of tax benefit that is greater than 50 percent likely to be realized upon ultimate settlement with the related tax authority.&lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;&amp;nbsp;&lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;&lt;div style="display: inline; font-style: italic;"&gt;Foreign Currency Translation (Accumulated Other Comprehensive Income (Loss))&lt;/div&gt; - The functional currency of NTIC China, Zerust Brazil, Natur-Tec India, Zerust Mexico and each unconsolidated international joint venture is the applicable local currency. The translation of the applicable foreign currencies into U.S. dollars is performed for balance sheet accounts using exchange rates in effect at the balance sheet date and for revenue and expense accounts using an average monthly exchange rate. Translation gains or losses are reported as an element of other comprehensive income (loss).&lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;&amp;nbsp;&lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;The Company (excluding NTIC China, Zerust Brazil, Natur-Tec India, NTI Asean, Zerust Mexico and its joint ventures) conducts all foreign transactions based on the U.S. dollar. Since investments in joint ventures are accounted for using the equity method, any changes in foreign currency exchange rates are reflected as a foreign currency translation adjustment and does not change the equity in income from joint ventures reflected in the Company&amp;#x2019;s consolidated statements of operations.&lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;&amp;nbsp;&lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;&lt;div style="display: inline; font-style: italic;"&gt;Fair Value of Financial Instruments&lt;/div&gt; &amp;#x2013; The carrying value of cash and cash equivalents, available for sale securities, short-term accounts and notes receivable, notes payable, trade accounts payables, and other accrued expenses approximate fair value because of the short maturity of those instruments.&lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;&amp;nbsp;&lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;&lt;div style="display: inline; font-style: italic;"&gt;Shipping and Handling&lt;/div&gt; - The Company records all amounts billed to customers in a sales transaction related to shipping and handling as sales. The Company records costs related to shipping and handling in cost of goods sold.&lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;&amp;nbsp;&lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;&lt;/div&gt; &lt;div style="MARGIN-BOTTOM: 6pt; BORDER-BOTTOM: black 4pt solid; MARGIN-TOP: 12pt"&gt; &lt;table style="TEXT-INDENT: 0;FONT-SIZE: 10pt; WIDTH: 100%; BORDER-COLLAPSE: collapse; width: 700px;" cellspacing="0" cellpadding="0"&gt;  &lt;tr style="VERTICAL-ALIGN: top; TEXT-ALIGN: left"&gt; &lt;td style="WIDTH: 100%; TEXT-ALIGN: center"&gt;67&lt;/td&gt; &lt;/tr&gt;  &lt;/table&gt; &lt;/div&gt; &lt;div style="PAGE-BREAK-BEFORE: always; MARGIN-TOP: 6pt"&gt;  &amp;nbsp; &lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;&lt;div style="display: inline; font-style: italic;"&gt;Research and Development&lt;/div&gt; - The Company expenses all costs related to product research and development as incurred. &amp;nbsp; The costs related to product research and development are the net amount after being reduced by reimbursements related to certain research and development contracts. The Company accrues proceeds received under such contracts and offsets research and development expenses incurred in equal installments over the timelines associated with completion of the contracts&amp;#x2019; specific objectives and milestones.&lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;&lt;div style="display: inline; font-style: italic;"&gt;&amp;nbsp;&lt;/div&gt;&lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;&lt;div style="display: inline; font-style: italic;"&gt;Common Stock&lt;/div&gt; &amp;#x2013; The Company issues authorized but unissued shares of common stock upon the exercise of stock options, as opposed to treasury shares.&lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;&amp;nbsp;&lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;&lt;div style="display: inline; font-style: italic;"&gt;Stock-Based Compensation&lt;/div&gt; &amp;#x2013; The Company recognizes compensation cost relating to share-based payment transactions, including grants of employee stock options and transactions under the Company&amp;#x2019;s employee stock purchase plan, in its consolidated financial statements. That cost is measured based on the fair value of the equity or liability instruments issued. The Company measures the cost of employee services received in exchange for stock options and other stock-based awards based on the grant-date fair value of the award, and recognizes the cost over the period the employee is required to provide services for the award (generally the vesting term).&lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;&amp;nbsp;&lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;&lt;div style="display: inline; font-style: italic;"&gt;Use of Estimates&lt;/div&gt; - The preparation of the financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.&lt;/div&gt;&lt;/div&gt;</us-gaap:OrganizationConsolidationAndPresentationOfFinancialStatementsDisclosureTextBlock>
  <us-gaap:OtherAccruedLiabilitiesCurrent contextRef="i_2016-08-31" decimals="INF" id="c11644182" unitRef="iso4217-usd">301836</us-gaap:OtherAccruedLiabilitiesCurrent>
  <us-gaap:OtherAccruedLiabilitiesCurrent contextRef="i_2015-08-31" decimals="INF" id="c11644183" unitRef="iso4217-usd">514409</us-gaap:OtherAccruedLiabilitiesCurrent>
  <us-gaap:OtherAssetsNoncurrent contextRef="i_2016-08-31" decimals="INF" id="c11644169" unitRef="iso4217-usd">92874</us-gaap:OtherAssetsNoncurrent>
  <us-gaap:OtherAssetsNoncurrent contextRef="i_2015-08-31" decimals="INF" id="c11644170" unitRef="iso4217-usd">130736</us-gaap:OtherAssetsNoncurrent>
  <us-gaap:OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax contextRef="d_2015-09-01_2016-08-31" decimals="INF" id="c11644267" unitRef="iso4217-usd">223253</us-gaap:OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax>
  <us-gaap:OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax contextRef="d_2014-09-01_2015-08-31" decimals="INF" id="c11644268" unitRef="iso4217-usd">-3835705</us-gaap:OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax>
  <us-gaap:OtherCostOfOperatingRevenue contextRef="d_2015-09-01_2016-08-31" decimals="INF" id="c11644229" unitRef="iso4217-usd">1001812</us-gaap:OtherCostOfOperatingRevenue>
  <us-gaap:OtherCostOfOperatingRevenue contextRef="d_2014-09-01_2015-08-31" decimals="INF" id="c11644230" unitRef="iso4217-usd">1867570</us-gaap:OtherCostOfOperatingRevenue>
  <us-gaap:OtherNonoperatingIncomeExpense contextRef="d_2015-09-01_2016-08-31" id="c11644243" unitRef="iso4217-usd" xs:nil="true"/>
  <us-gaap:OtherNonoperatingIncomeExpense contextRef="d_2014-09-01_2015-08-31" decimals="INF" id="c11644244" unitRef="iso4217-usd">515</us-gaap:OtherNonoperatingIncomeExpense>
  <us-gaap:OtherOperatingIncome contextRef="d_2015-09-01_2016-08-31" decimals="INF" id="c11644222" unitRef="iso4217-usd">9881541</us-gaap:OtherOperatingIncome>
  <us-gaap:OtherOperatingIncome contextRef="d_2014-09-01_2015-08-31" decimals="INF" id="c11644223" unitRef="iso4217-usd">11652056</us-gaap:OtherOperatingIncome>
  <us-gaap:PaymentsForRepurchaseOfCommonStock contextRef="d_2015-09-01_2016-08-31" decimals="INF" id="c11644440" unitRef="iso4217-usd">138881</us-gaap:PaymentsForRepurchaseOfCommonStock>
  <us-gaap:PaymentsForRepurchaseOfCommonStock contextRef="d_2014-09-01_2015-08-31" decimals="INF" id="c11644441" unitRef="iso4217-usd">24346</us-gaap:PaymentsForRepurchaseOfCommonStock>
  <us-gaap:PaymentsOfDividendsMinorityInterest contextRef="d_2015-09-01_2016-08-31" decimals="INF" id="c11644436" unitRef="iso4217-usd">200000</us-gaap:PaymentsOfDividendsMinorityInterest>
  <us-gaap:PaymentsOfDividendsMinorityInterest contextRef="d_2014-09-01_2015-08-31" decimals="INF" id="c11644437" unitRef="iso4217-usd">1160000</us-gaap:PaymentsOfDividendsMinorityInterest>
  <us-gaap:PaymentsToAcquireAvailableForSaleSecurities contextRef="d_2015-09-01_2016-08-31" decimals="INF" id="c11644427" unitRef="iso4217-usd">216423</us-gaap:PaymentsToAcquireAvailableForSaleSecurities>
  <us-gaap:PaymentsToAcquireAvailableForSaleSecurities contextRef="d_2014-09-01_2015-08-31" id="c11644428" unitRef="iso4217-usd" xs:nil="true"/>
  <us-gaap:PaymentsToAcquireIntangibleAssets contextRef="d_2015-09-01_2016-08-31" decimals="INF" id="c11644431" unitRef="iso4217-usd">135410</us-gaap:PaymentsToAcquireIntangibleAssets>
  <us-gaap:PaymentsToAcquireIntangibleAssets contextRef="d_2014-09-01_2015-08-31" decimals="INF" id="c11644432" unitRef="iso4217-usd">152182</us-gaap:PaymentsToAcquireIntangibleAssets>
  <us-gaap:PaymentsToAcquireInterestInJointVenture contextRef="d_2015-09-01_2016-08-31" decimals="INF" id="c11645112" unitRef="iso4217-usd">0</us-gaap:PaymentsToAcquireInterestInJointVenture>
  <us-gaap:PaymentsToAcquireInterestInJointVenture contextRef="d_2014-09-01_2015-08-31" decimals="INF" id="c11645113" unitRef="iso4217-usd">0</us-gaap:PaymentsToAcquireInterestInJointVenture>
  <us-gaap:PaymentsToAcquirePropertyPlantAndEquipment contextRef="d_2015-09-01_2016-08-31" decimals="INF" id="c11644425" unitRef="iso4217-usd">643407</us-gaap:PaymentsToAcquirePropertyPlantAndEquipment>
  <us-gaap:PaymentsToAcquirePropertyPlantAndEquipment contextRef="d_2014-09-01_2015-08-31" decimals="INF" id="c11644426" unitRef="iso4217-usd">1438919</us-gaap:PaymentsToAcquirePropertyPlantAndEquipment>
  <us-gaap:PensionAndOtherPostretirementBenefitsDisclosureTextBlock contextRef="d_2015-09-01_2016-08-31" id="s382853">&lt;div style="display: inline; font-family: times new roman; font-size: 10pt"&gt;&lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;&lt;div style="display: inline; font-weight: bold;"&gt;13. RETIREMENT PLAN &lt;/div&gt;&lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;&amp;nbsp;&lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;The Company has a 401(k) employee savings plan. Employees who meet certain age and service requirements may elect to contribute up to 15% of their salaries. The Company typically contributes the lesser of 50% of the participant&amp;#x2019;s contributions or 3.5% of the employee&amp;#x2019;s salary. The Company recognized expense for the savings plan of $215,785 and $214,008 for fiscal 2016 and fiscal 2015, respectively.&lt;/div&gt;&lt;/div&gt;</us-gaap:PensionAndOtherPostretirementBenefitsDisclosureTextBlock>
  <us-gaap:PreferredStockNoParValue contextRef="i_2016-08-31" decimals="INF" id="c11645084" unitRef="iso4217-usd-per-xbrli-shares">0</us-gaap:PreferredStockNoParValue>
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  <us-gaap:PreferredStockSharesAuthorized contextRef="i_2016-08-31" decimals="INF" id="c11645086" unitRef="xbrli-shares">10000</us-gaap:PreferredStockSharesAuthorized>
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  <us-gaap:PreferredStockSharesOutstanding contextRef="i_2016-08-31" decimals="INF" id="c11645090" unitRef="xbrli-shares">0</us-gaap:PreferredStockSharesOutstanding>
  <us-gaap:PreferredStockSharesOutstanding contextRef="i_2015-08-31" decimals="INF" id="c11645091" unitRef="xbrli-shares">0</us-gaap:PreferredStockSharesOutstanding>
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  <us-gaap:PreferredStockValue contextRef="i_2015-08-31" decimals="INF" id="c11644189" unitRef="iso4217-usd">0</us-gaap:PreferredStockValue>
  <us-gaap:PrepaidExpenseCurrent contextRef="i_2016-08-31" decimals="INF" id="c11644152" unitRef="iso4217-usd">422031</us-gaap:PrepaidExpenseCurrent>
  <us-gaap:PrepaidExpenseCurrent contextRef="i_2015-08-31" decimals="INF" id="c11644153" unitRef="iso4217-usd">411473</us-gaap:PrepaidExpenseCurrent>
  <us-gaap:ProceedsFromDividendsReceived contextRef="d_2015-09-01_2016-08-31" decimals="INF" id="c11644394" unitRef="iso4217-usd">5503314</us-gaap:ProceedsFromDividendsReceived>
  <us-gaap:ProceedsFromDividendsReceived contextRef="d_2014-09-01_2015-08-31" decimals="INF" id="c11644395" unitRef="iso4217-usd">2983338</us-gaap:ProceedsFromDividendsReceived>
  <us-gaap:ProceedsFromMinorityShareholders contextRef="d_2015-09-01_2016-08-31" id="c11644438" unitRef="iso4217-usd" xs:nil="true"/>
  <us-gaap:ProceedsFromMinorityShareholders contextRef="d_2014-09-01_2015-08-31" decimals="INF" id="c11644439" unitRef="iso4217-usd">15625</us-gaap:ProceedsFromMinorityShareholders>
  <us-gaap:ProceedsFromSaleOfAvailableForSaleSecurities contextRef="d_2015-09-01_2016-08-31" id="c11644429" unitRef="iso4217-usd" xs:nil="true"/>
  <us-gaap:ProceedsFromSaleOfAvailableForSaleSecurities contextRef="d_2014-09-01_2015-08-31" decimals="INF" id="c11644430" unitRef="iso4217-usd">3492325</us-gaap:ProceedsFromSaleOfAvailableForSaleSecurities>
  <us-gaap:ProceedsFromStockOptionsExercised contextRef="d_2015-09-01_2016-08-31" id="c11644444" unitRef="iso4217-usd" xs:nil="true"/>
  <us-gaap:ProceedsFromStockOptionsExercised contextRef="d_2014-09-01_2015-08-31" decimals="INF" id="c11644445" unitRef="iso4217-usd">236089</us-gaap:ProceedsFromStockOptionsExercised>
  <us-gaap:ProceedsFromStockPlans contextRef="d_2015-09-01_2016-08-31" decimals="INF" id="c11644442" unitRef="iso4217-usd">68634</us-gaap:ProceedsFromStockPlans>
  <us-gaap:ProceedsFromStockPlans contextRef="d_2014-09-01_2015-08-31" decimals="INF" id="c11644443" unitRef="iso4217-usd">57981</us-gaap:ProceedsFromStockPlans>
  <us-gaap:ProfitLoss contextRef="d_2015-09-01_2016-08-31" decimals="INF" id="c11644249" unitRef="iso4217-usd">-1198302</us-gaap:ProfitLoss>
  <us-gaap:ProfitLoss contextRef="d_2014-09-01_2015-08-31" decimals="INF" id="c11644250" unitRef="iso4217-usd">2517360</us-gaap:ProfitLoss>
  <us-gaap:PropertyPlantAndEquipmentDisclosureTextBlock contextRef="d_2015-09-01_2016-08-31" id="s382827">&lt;div style="display: inline; font-family: times new roman; font-size: 10pt"&gt;&lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;&lt;div style="display: inline; font-weight: bold;"&gt;4. PROPERTY AND EQUIPMENT, NET&lt;/div&gt;&lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;&lt;div style="display: inline; font-weight: bold;"&gt;&amp;nbsp;&lt;/div&gt;&lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;Property and equipment, net consisted of the following:&lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;&amp;nbsp;&lt;/div&gt; &lt;div&gt; &lt;table style="TEXT-INDENT: 0;WIDTH: 100%; BORDER-COLLAPSE: collapse; width: 700px;" cellspacing="0" cellpadding="0"&gt;  &lt;tr style="VERTICAL-ALIGN: bottom"&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3" nowrap="nowrap"&gt;August 31, 2016&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3" nowrap="nowrap"&gt;August 31, 2015&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 74%; TEXT-ALIGN: justify"&gt;Land&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left"&gt;$&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right"&gt;310,365&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left"&gt;$&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right"&gt;310,365&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify"&gt;Buildings and improvements&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;6,528,252&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;6,180,089&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"&gt; &lt;td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt; TEXT-ALIGN: justify"&gt;Machinery and equipment&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"&gt;3,590,063&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"&gt;4,090,619&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;10,428,680&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;10,581,073&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"&gt; &lt;td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt; TEXT-ALIGN: justify"&gt;Less accumulated depreciation&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"&gt;(3,152,808&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"&gt;)&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"&gt;(3,287,910&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"&gt;)&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"&gt; &lt;td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 2.25pt; TEXT-ALIGN: justify"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 2.25pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left"&gt;$&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: right"&gt;7,275,872&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 2.25pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left"&gt;$&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: right"&gt;7,293,163&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt;  &lt;/table&gt; &lt;/div&gt;&lt;/div&gt;</us-gaap:PropertyPlantAndEquipmentDisclosureTextBlock>
  <us-gaap:PropertyPlantAndEquipmentGross contextRef="i_2016-08-31" decimals="INF" id="c11644474" unitRef="iso4217-usd">10428680</us-gaap:PropertyPlantAndEquipmentGross>
  <us-gaap:PropertyPlantAndEquipmentGross contextRef="i_2015-08-31" decimals="INF" id="c11644475" unitRef="iso4217-usd">10581073</us-gaap:PropertyPlantAndEquipmentGross>
  <us-gaap:PropertyPlantAndEquipmentNet contextRef="i_2016-08-31" decimals="INF" id="c11644478" unitRef="iso4217-usd">7275872</us-gaap:PropertyPlantAndEquipmentNet>
  <us-gaap:PropertyPlantAndEquipmentNet contextRef="i_2015-08-31" decimals="INF" id="c11644479" unitRef="iso4217-usd">7293163</us-gaap:PropertyPlantAndEquipmentNet>
  <us-gaap:PropertyPlantAndEquipmentNet contextRef="i_2016-08-31_StatementGeographicalAxis-CN" decimals="INF" id="c11644669" unitRef="iso4217-usd">253931</us-gaap:PropertyPlantAndEquipmentNet>
  <us-gaap:PropertyPlantAndEquipmentNet contextRef="i_2015-08-31_StatementGeographicalAxis-CN" decimals="INF" id="c11644670" unitRef="iso4217-usd">45220</us-gaap:PropertyPlantAndEquipmentNet>
  <us-gaap:PropertyPlantAndEquipmentNet contextRef="i_2016-08-31_StatementGeographicalAxis-BR" decimals="INF" id="c11644671" unitRef="iso4217-usd">66938</us-gaap:PropertyPlantAndEquipmentNet>
  <us-gaap:PropertyPlantAndEquipmentNet contextRef="i_2015-08-31_StatementGeographicalAxis-BR" decimals="INF" id="c11644672" unitRef="iso4217-usd">46918</us-gaap:PropertyPlantAndEquipmentNet>
  <us-gaap:PropertyPlantAndEquipmentNet contextRef="i_2016-08-31_StatementGeographicalAxis-IN" decimals="INF" id="c11644673" unitRef="iso4217-usd">13645</us-gaap:PropertyPlantAndEquipmentNet>
  <us-gaap:PropertyPlantAndEquipmentNet contextRef="i_2015-08-31_StatementGeographicalAxis-IN" decimals="INF" id="c11644674" unitRef="iso4217-usd">16402</us-gaap:PropertyPlantAndEquipmentNet>
  <us-gaap:PropertyPlantAndEquipmentNet contextRef="i_2016-08-31_StatementGeographicalAxis-US" decimals="INF" id="c11644675" unitRef="iso4217-usd">8219955</us-gaap:PropertyPlantAndEquipmentNet>
  <us-gaap:PropertyPlantAndEquipmentNet contextRef="i_2015-08-31_StatementGeographicalAxis-US" decimals="INF" id="c11644676" unitRef="iso4217-usd">8446842</us-gaap:PropertyPlantAndEquipmentNet>
  <us-gaap:PropertyPlantAndEquipmentPolicyTextBlock contextRef="d_2015-09-01_2016-08-31" id="c11645148">&lt;div style="display: inline; font-family: times new roman; font-size: 10pt"&gt;&lt;div style="display: inline; font-family: times new roman; font-size: 10pt"&gt;&lt;div style="display: inline; font-family: times new roman; font-size: 10pt"&gt;&lt;div style="display: inline; font-family: times new roman; font-size: 10pt"&gt;&lt;div style="display: inline; font-family: times new roman; font-size: 10pt"&gt;&lt;div style="display: inline; font-family: times new roman; font-size: 10pt"&gt;&lt;div style="display: inline; font-family: times new roman; font-size: 10pt"&gt;&lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;&lt;div style="display: inline; font-style: italic;"&gt;Property and Depreciation&lt;/div&gt; - Property and equipment are stated at cost. Depreciation is computed using the straight-line method based on the estimated service lives of the various assets as follows:&lt;/div&gt;&lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;&amp;nbsp;&lt;/div&gt;&lt;div&gt; &lt;table style="TEXT-INDENT: 0;WIDTH: 100%; BORDER-COLLAPSE: collapse; width: 700px;" cellspacing="0" cellpadding="0"&gt; &lt;tr style="VERTICAL-ALIGN: bottom"&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 50%; TEXT-ALIGN: left; PADDING-LEFT: 1.7in" nowrap="nowrap"&gt;Buildings and improvements (years)&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 4%; TEXT-ALIGN: center"&gt;5&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 4%; TEXT-ALIGN: center"&gt;-&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 4%; TEXT-ALIGN: center"&gt;30&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 37%; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom"&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left; PADDING-LEFT: 1.7in"&gt;Machinery and equipment (years)&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: center"&gt;3&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: center"&gt;-&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: center"&gt;10&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;/table&gt; &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;</us-gaap:PropertyPlantAndEquipmentPolicyTextBlock>
  <us-gaap:PropertyPlantAndEquipmentTextBlock contextRef="d_2015-09-01_2016-08-31" id="c-19">&lt;div style="display: inline; font-family: times new roman; font-size: 10pt"&gt;&lt;table style="TEXT-INDENT: 0;WIDTH: 100%; BORDER-COLLAPSE: collapse;; width: 700px;" cellspacing="0" cellpadding="0"&gt; &lt;tr style="VERTICAL-ALIGN: bottom"&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3" nowrap="nowrap"&gt;August 31, 2016&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3" nowrap="nowrap"&gt;August 31, 2015&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 74%; TEXT-ALIGN: justify"&gt;Land&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left"&gt;$&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right"&gt;310,365&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left"&gt;$&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right"&gt;310,365&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify"&gt;Buildings and improvements&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;6,528,252&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;6,180,089&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"&gt; &lt;td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt; TEXT-ALIGN: justify"&gt;Machinery and equipment&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"&gt;3,590,063&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"&gt;4,090,619&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;10,428,680&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;10,581,073&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"&gt; &lt;td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt; TEXT-ALIGN: justify"&gt;Less accumulated depreciation&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"&gt;(3,152,808&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"&gt;)&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"&gt;(3,287,910&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"&gt;)&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"&gt; &lt;td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 2.25pt; TEXT-ALIGN: justify"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 2.25pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left"&gt;$&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: right"&gt;7,275,872&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 2.25pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left"&gt;$&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: right"&gt;7,293,163&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;/table&gt;&lt;/div&gt;</us-gaap:PropertyPlantAndEquipmentTextBlock>
  <us-gaap:PropertyPlantAndEquipmentUsefulLife contextRef="d_2015-09-01_2016-08-31_PropertyPlantAndEquipmentByTypeAxis-BuildingAndBuildingImprovementsMember_RangeAxis-MinimumMember" id="c11644456">P5Y</us-gaap:PropertyPlantAndEquipmentUsefulLife>
  <us-gaap:PropertyPlantAndEquipmentUsefulLife contextRef="d_2015-09-01_2016-08-31_PropertyPlantAndEquipmentByTypeAxis-BuildingAndBuildingImprovementsMember_RangeAxis-MaximumMember" id="c11644458">P30Y</us-gaap:PropertyPlantAndEquipmentUsefulLife>
  <us-gaap:PropertyPlantAndEquipmentUsefulLife contextRef="d_2015-09-01_2016-08-31_PropertyPlantAndEquipmentByTypeAxis-MachineryAndEquipmentMember_RangeAxis-MinimumMember" id="c11644459">P3Y</us-gaap:PropertyPlantAndEquipmentUsefulLife>
  <us-gaap:PropertyPlantAndEquipmentUsefulLife contextRef="d_2015-09-01_2016-08-31_PropertyPlantAndEquipmentByTypeAxis-MachineryAndEquipmentMember_RangeAxis-MaximumMember" id="c11644461">P10Y</us-gaap:PropertyPlantAndEquipmentUsefulLife>
  <us-gaap:ReceivablesPolicyTextBlock contextRef="d_2015-09-01_2016-08-31" id="c11645143">&lt;div style="display: inline; font-family: times new roman; font-size: 10pt"&gt;&lt;div style="display: inline; font-family: times new roman; font-size: 10pt"&gt;&lt;div style="display: inline; font-family: times new roman; font-size: 10pt"&gt;&lt;div style="display: inline; font-family: times new roman; font-size: 10pt"&gt;&lt;div style="display: inline; font-family: times new roman; font-size: 10pt"&gt;&lt;div style="display: inline; font-family: times new roman; font-size: 10pt"&gt;&lt;div style="display: inline; font-family: times new roman; font-size: 10pt"&gt;&lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;&lt;div style="display: inline; font-style: italic;"&gt;Trade Receivable&lt;/div&gt; &amp;#x2013; Payment terms for the Company&amp;#x2019;s unaffiliated customers are determined based on credit risk and vary by customer. The Company typically offers standard payment terms to unaffiliated customers of net 30 days. The Company does not accrue interest on past due accounts receivable. The Company reviews the credit histories of its customers before extending unsecured credit. The Company presents accounts and notes receivable, net of an allowance for doubtful accounts. Each quarter, the Company prepares an analysis of its ability to collect outstanding receivables that provides a basis for an allowance estimate for doubtful accounts. In doing so, the Company evaluates the age of its receivables, past collection history, current financial conditions of key customers and its joint ventures, and economic conditions. Based on this evaluation, the Company establishes a reserve for specific accounts and notes receivable that it believes are uncollectible, as well as an estimate of uncollectible receivables not specifically known. The Company believes that an analysis of historical trends and its current knowledge of potential collection problems provide the Company with sufficient information to establish a reasonable estimate for an allowance for doubtful accounts. In the event the Company determines that a smaller or larger uncollectible accounts reserve is appropriate, the Company records a credit or charge to selling expense in the period that it made such determination. Accounts receivable have been reduced by an allowance for uncollectible accounts of $40,000 at August 31, 2016 and 2015. Accounts are considered past due based on terms agreed upon between the Company and the customer. Accounts receivable are written-off only after all collection attempts have failed and are based on individual credit evaluation and specific circumstances of the customer.&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;</us-gaap:ReceivablesPolicyTextBlock>
  <us-gaap:ReconciliationOfRevenueFromSegmentsToConsolidatedTextBlock contextRef="d_2015-09-01_2016-08-31" id="c-28">&lt;div style="display: inline; font-family: times new roman; font-size: 10pt"&gt;&lt;table style="TEXT-INDENT: 0;WIDTH: 100%; BORDER-COLLAPSE: collapse;; width: 700px;" cellspacing="0" cellpadding="0"&gt; &lt;tr style="VERTICAL-ALIGN: bottom"&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3" nowrap="nowrap"&gt;Fiscal 2016&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3" nowrap="nowrap"&gt;Fiscal 2015&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 74%; TEXT-ALIGN: justify"&gt;&lt;div style="display: inline; FONT-SIZE: 10pt"&gt;ZERUST&lt;div style="display: inline; bottom:.33em; font-size: 82%; position: relative; vertical-align: baseline; vertical-align: baseline; position: relative; bottom:.33em;"&gt;&amp;reg;&lt;/div&gt; net sales&lt;/div&gt;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left"&gt;$&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right"&gt;27,577,566&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left"&gt;$&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right"&gt;26,042,909&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"&gt; &lt;td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt; TEXT-ALIGN: justify"&gt;&lt;div style="display: inline; FONT-SIZE: 10pt"&gt;Natur-Tec&lt;div style="display: inline; bottom:.33em; font-size: 82%; position: relative; vertical-align: baseline; vertical-align: baseline; position: relative; bottom:.33em;"&gt;&amp;reg;&lt;/div&gt; net sales&lt;/div&gt;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"&gt;5,355,999&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"&gt;4,279,784&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; TEXT-INDENT: 10pt"&gt;Total net sales&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;$&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;32,933,565&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;$&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;30,322,693&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;/table&gt;&lt;/div&gt;</us-gaap:ReconciliationOfRevenueFromSegmentsToConsolidatedTextBlock>
  <us-gaap:ReconciliationOfRevenueFromSegmentsToConsolidatedTextBlock contextRef="d_2015-09-01_2016-08-31_IncomeStatementLocationAxis-FeesForServicesProvidedToJointVenturesMember" id="c-31">&lt;div style="display: inline; font-family: times new roman; font-size: 10pt"&gt;&lt;table style="TEXT-INDENT: 0;WIDTH: 100%; BORDER-COLLAPSE: collapse;; width: 700px;" cellspacing="0" cellpadding="0"&gt; &lt;tr style="VERTICAL-ALIGN: bottom"&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3" nowrap="nowrap"&gt;Fiscal 2016&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3" nowrap="nowrap"&gt;Fiscal 2015&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 74%; TEXT-ALIGN: justify"&gt;Germany&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left"&gt;$&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right"&gt;845,857&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left"&gt;$&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right"&gt;873,400&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify"&gt;Japan&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;646,015&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;599,108&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify"&gt;Poland&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;599,391&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;600,255&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify"&gt;Thailand&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;537,212&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;554,881&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify"&gt;United Kingdom&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;386,761&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;396,514&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify"&gt;Korea&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;352,393&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;192,539&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify"&gt;France&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;329,805&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;412,608&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify"&gt;India&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;300,506&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;277,548&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify"&gt;Sweden&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;265,745&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;323,610&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify"&gt;Finland&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;252,578&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;281,620&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify"&gt;Czech&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;237,062&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;229,185&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify"&gt;China&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;0&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;494,080&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"&gt; &lt;td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt; TEXT-ALIGN: justify"&gt;Other&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"&gt;384,385&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"&gt;480,143&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;$&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;5,137,710&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;$&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;5,715,491&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;/table&gt;&lt;/div&gt;</us-gaap:ReconciliationOfRevenueFromSegmentsToConsolidatedTextBlock>
  <us-gaap:RelatedPartyTransactionAmountsOfTransaction contextRef="d_2015-09-01_2016-08-31_NatureOfExpenseAxis-ConsultingPaymentExpenseMember_RelatedPartyTransactionsByRelatedPartyAxis-BioplasticPolymersLLCMember" decimals="INF" id="c11644996" unitRef="iso4217-usd">100000</us-gaap:RelatedPartyTransactionAmountsOfTransaction>
  <us-gaap:RelatedPartyTransactionAmountsOfTransaction contextRef="d_2015-09-01_2016-08-31_NatureOfExpenseAxis-RoyaltyPaymentExpenseMember_RelatedPartyTransactionsByRelatedPartyAxis-BioplasticPolymersLLCMember" decimals="INF" id="c11644997" unitRef="iso4217-usd">31463</us-gaap:RelatedPartyTransactionAmountsOfTransaction>
  <us-gaap:RelatedPartyTransactionAmountsOfTransaction contextRef="d_2014-09-01_2015-08-31_NatureOfExpenseAxis-RoyaltyPaymentExpenseMember_RelatedPartyTransactionsByRelatedPartyAxis-BioplasticPolymersLLCMember" decimals="INF" id="c11644998" unitRef="iso4217-usd">21327</us-gaap:RelatedPartyTransactionAmountsOfTransaction>
  <us-gaap:RelatedPartyTransactionsDisclosureTextBlock contextRef="d_2015-09-01_2016-08-31" id="s382854">&lt;div style="display: inline; font-family: times new roman; font-size: 10pt"&gt;&lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;&lt;div style="display: inline; font-weight: bold;"&gt;14. RELATED PARTY TRANSACTIONS&lt;/div&gt;&lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;&amp;nbsp;&lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;During fiscal 2016 and fiscal 2015, the Company made consulting payments of $100,000 per year to Bioplastic Polymers LLC, an entity owned by Ramani Narayan, Ph.D., a director of the Company, and paid royalties of $31,463 and $21,327, respectively, based on net sales of the Company&amp;#x2019;s bioplastics products.&lt;/div&gt;&lt;/div&gt;</us-gaap:RelatedPartyTransactionsDisclosureTextBlock>
  <us-gaap:ResearchAndDevelopmentExpense contextRef="d_2015-09-01_2016-08-31" decimals="INF" id="c11644231" unitRef="iso4217-usd">4724596</us-gaap:ResearchAndDevelopmentExpense>
  <us-gaap:ResearchAndDevelopmentExpense contextRef="d_2014-09-01_2015-08-31" decimals="INF" id="c11644232" unitRef="iso4217-usd">4047279</us-gaap:ResearchAndDevelopmentExpense>
  <us-gaap:ResearchDevelopmentAndComputerSoftwarePolicyTextBlock contextRef="d_2015-09-01_2016-08-31" id="c11645156">&lt;div style="display: inline; font-family: times new roman; font-size: 10pt"&gt;&lt;div style="display: inline; font-family: times new roman; font-size: 10pt"&gt;&lt;div style="display: inline; font-family: times new roman; font-size: 10pt"&gt;&lt;div style="display: inline; font-family: times new roman; font-size: 10pt"&gt;&lt;div style="display: inline; font-family: times new roman; font-size: 10pt"&gt;&lt;div style="display: inline; font-family: times new roman; font-size: 10pt"&gt;&lt;div style="display: inline; font-family: times new roman; font-size: 10pt"&gt;&lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;&lt;div style="display: inline; font-style: italic;"&gt;Research and Development&lt;/div&gt; - The Company expenses all costs related to product research and development as incurred. &amp;nbsp; The costs related to product research and development are the net amount after being reduced by reimbursements related to certain research and development contracts. The Company accrues proceeds received under such contracts and offsets research and development expenses incurred in equal installments over the timelines associated with completion of the contracts&amp;#x2019; specific objectives and milestones.&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;</us-gaap:ResearchDevelopmentAndComputerSoftwarePolicyTextBlock>
  <us-gaap:RestrictedCashAndCashEquivalents contextRef="i_2016-08-31" decimals="INF" id="c11644137" unitRef="iso4217-usd">3395274</us-gaap:RestrictedCashAndCashEquivalents>
  <us-gaap:RestrictedCashAndCashEquivalents contextRef="i_2015-08-31" decimals="INF" id="c11644138" unitRef="iso4217-usd">2623981</us-gaap:RestrictedCashAndCashEquivalents>
  <us-gaap:RetainedEarningsAccumulatedDeficit contextRef="i_2016-08-31" decimals="INF" id="c11644194" unitRef="iso4217-usd">33655357</us-gaap:RetainedEarningsAccumulatedDeficit>
  <us-gaap:RetainedEarningsAccumulatedDeficit contextRef="i_2015-08-31" decimals="INF" id="c11644195" unitRef="iso4217-usd">34522871</us-gaap:RetainedEarningsAccumulatedDeficit>
  <us-gaap:RetainedEarningsUndistributedEarningsFromEquityMethodInvestees contextRef="i_2016-08-31" decimals="INF" id="c11644504" unitRef="iso4217-usd">17779912</us-gaap:RetainedEarningsUndistributedEarningsFromEquityMethodInvestees>
  <us-gaap:RetainedEarningsUndistributedEarningsFromEquityMethodInvestees contextRef="i_2016-08-31_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis-EXCORMember" decimals="INF" id="c11644505" unitRef="iso4217-usd">10593151</us-gaap:RetainedEarningsUndistributedEarningsFromEquityMethodInvestees>
  <us-gaap:RetainedEarningsUndistributedEarningsFromEquityMethodInvestees contextRef="i_2016-08-31_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis-AllOtherMember" decimals="INF" id="c11644506" unitRef="iso4217-usd">7186761</us-gaap:RetainedEarningsUndistributedEarningsFromEquityMethodInvestees>
  <us-gaap:RetainedEarningsUndistributedEarningsFromEquityMethodInvestees contextRef="i_2015-08-31" decimals="INF" id="c11644540" unitRef="iso4217-usd">18483377</us-gaap:RetainedEarningsUndistributedEarningsFromEquityMethodInvestees>
  <us-gaap:RetainedEarningsUndistributedEarningsFromEquityMethodInvestees contextRef="i_2015-08-31_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis-EXCORMember" decimals="INF" id="c11644541" unitRef="iso4217-usd">11540456</us-gaap:RetainedEarningsUndistributedEarningsFromEquityMethodInvestees>
  <us-gaap:RetainedEarningsUndistributedEarningsFromEquityMethodInvestees contextRef="i_2015-08-31_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis-AllOtherMember" decimals="INF" id="c11644542" unitRef="iso4217-usd">6942921</us-gaap:RetainedEarningsUndistributedEarningsFromEquityMethodInvestees>
  <us-gaap:RevenueFromExternalCustomersByGeographicAreasTableTextBlock contextRef="d_2015-09-01_2016-08-31" id="c-33">&lt;div style="display: inline; font-family: times new roman; font-size: 10pt"&gt;&lt;table style="TEXT-INDENT: 0;WIDTH: 100%; BORDER-COLLAPSE: collapse;; width: 700px;" cellspacing="0" cellpadding="0"&gt; &lt;tr style="VERTICAL-ALIGN: bottom"&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3"&gt;Fiscal Year Ended August 31, 2016&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3"&gt;Fiscal Year Ended August 31, 2015&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 74%; TEXT-ALIGN: justify"&gt;China&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left"&gt;$&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right"&gt;4,114,288&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left"&gt;$&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right"&gt;1,070,422&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify"&gt;Brazil&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;2,172,297&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;2,623,938&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify"&gt;India&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;1,104,947&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;967,241&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify"&gt;Other&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;5,237,553&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;6,331,113&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"&gt; &lt;td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt; TEXT-ALIGN: justify"&gt;United States&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"&gt;20,304,480&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"&gt;19,329,979&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"&gt; &lt;td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 2.25pt; TEXT-ALIGN: justify; TEXT-INDENT: 10pt"&gt;Total net sales&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 2.25pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left"&gt;$&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: right"&gt;32,933,565&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 2.25pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left"&gt;$&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: right"&gt;30,322,693&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;/table&gt;&lt;/div&gt;</us-gaap:RevenueFromExternalCustomersByGeographicAreasTableTextBlock>
  <us-gaap:RevenueRecognitionDeferredRevenue contextRef="d_2015-09-01_2016-08-31" id="c11645142">&lt;div style="display: inline; font-family: times new roman; font-size: 10pt"&gt;&lt;div style="display: inline; font-family: times new roman; font-size: 10pt"&gt;&lt;div style="display: inline; font-family: times new roman; font-size: 10pt"&gt;&lt;div style="display: inline; font-family: times new roman; font-size: 10pt"&gt;&lt;div style="display: inline; font-family: times new roman; font-size: 10pt"&gt;&lt;div style="display: inline; font-family: times new roman; font-size: 10pt"&gt;&lt;div style="display: inline; font-family: times new roman; font-size: 10pt"&gt;&lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;&lt;div style="display: inline; font-style: italic;"&gt;Net Sales &lt;/div&gt;&amp;#x2013;The Company includes net sales to its joint ventures and net sales to unaffiliated customers as separate line items on its consolidated statements of operations. There are no sales originating from the Company&amp;#x2019;s joint ventures included in the amount, as the Company&amp;#x2019;s investments in its joint ventures are accounted for using the equity method.&lt;/div&gt;&lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;&amp;nbsp;&lt;/div&gt;&lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;&lt;div style="display: inline; font-style: italic;"&gt;Revenue Recognition&lt;/div&gt; &amp;#x2013; The Company recognizes revenue from the sale of its products when persuasive evidence of an arrangement exists, the product has been delivered, the price is fixed and determinable and collection of the resulting receivable is reasonably assured. These criteria are met when risk of loss and title pass to the customer, distributor or joint venture entity. Sales and use taxes charged to customers are reported on a net basis.&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;</us-gaap:RevenueRecognitionDeferredRevenue>
  <us-gaap:SalesRevenueNet contextRef="d_2015-09-01_2016-08-31" decimals="INF" id="c11644211" unitRef="iso4217-usd">32933565</us-gaap:SalesRevenueNet>
  <us-gaap:SalesRevenueNet contextRef="d_2014-09-01_2015-08-31" decimals="INF" id="c11644212" unitRef="iso4217-usd">30322693</us-gaap:SalesRevenueNet>
  <us-gaap:SalesRevenueNet contextRef="d_2015-09-01_2016-08-31_StatementBusinessSegmentsAxis-ZERUSTMember" decimals="INF" id="c11644617" unitRef="iso4217-usd">27577566</us-gaap:SalesRevenueNet>
  <us-gaap:SalesRevenueNet contextRef="d_2014-09-01_2015-08-31_StatementBusinessSegmentsAxis-ZERUSTMember" decimals="INF" id="c11644618" unitRef="iso4217-usd">26042909</us-gaap:SalesRevenueNet>
  <us-gaap:SalesRevenueNet contextRef="d_2015-09-01_2016-08-31_StatementBusinessSegmentsAxis-NaturTecMember" decimals="INF" id="c11644619" unitRef="iso4217-usd">5355999</us-gaap:SalesRevenueNet>
  <us-gaap:SalesRevenueNet contextRef="d_2014-09-01_2015-08-31_StatementBusinessSegmentsAxis-NaturTecMember" decimals="INF" id="c11644620" unitRef="iso4217-usd">4279784</us-gaap:SalesRevenueNet>
  <us-gaap:SalesRevenueNet contextRef="d_2015-09-01_2016-08-31_StatementGeographicalAxis-CN" decimals="INF" id="c11644679" unitRef="iso4217-usd">4114288</us-gaap:SalesRevenueNet>
  <us-gaap:SalesRevenueNet contextRef="d_2014-09-01_2015-08-31_StatementGeographicalAxis-CN" decimals="INF" id="c11644680" unitRef="iso4217-usd">1070422</us-gaap:SalesRevenueNet>
  <us-gaap:SalesRevenueNet contextRef="d_2015-09-01_2016-08-31_StatementGeographicalAxis-BR" decimals="INF" id="c11644681" unitRef="iso4217-usd">2172297</us-gaap:SalesRevenueNet>
  <us-gaap:SalesRevenueNet contextRef="d_2014-09-01_2015-08-31_StatementGeographicalAxis-BR" decimals="INF" id="c11644682" unitRef="iso4217-usd">2623938</us-gaap:SalesRevenueNet>
  <us-gaap:SalesRevenueNet contextRef="d_2015-09-01_2016-08-31_StatementGeographicalAxis-IN" decimals="INF" id="c11644683" unitRef="iso4217-usd">1104947</us-gaap:SalesRevenueNet>
  <us-gaap:SalesRevenueNet contextRef="d_2014-09-01_2015-08-31_StatementGeographicalAxis-IN" decimals="INF" id="c11644684" unitRef="iso4217-usd">967241</us-gaap:SalesRevenueNet>
  <us-gaap:SalesRevenueNet contextRef="d_2015-09-01_2016-08-31_StatementGeographicalAxis-OtherCountriesMember" decimals="INF" id="c11644685" unitRef="iso4217-usd">5237553</us-gaap:SalesRevenueNet>
  <us-gaap:SalesRevenueNet contextRef="d_2014-09-01_2015-08-31_StatementGeographicalAxis-OtherCountriesMember" decimals="INF" id="c11644686" unitRef="iso4217-usd">6331113</us-gaap:SalesRevenueNet>
  <us-gaap:SalesRevenueNet contextRef="d_2015-09-01_2016-08-31_StatementGeographicalAxis-US" decimals="INF" id="c11644687" unitRef="iso4217-usd">20304480</us-gaap:SalesRevenueNet>
  <us-gaap:SalesRevenueNet contextRef="d_2014-09-01_2015-08-31_StatementGeographicalAxis-US" decimals="INF" id="c11644688" unitRef="iso4217-usd">19329979</us-gaap:SalesRevenueNet>
  <us-gaap:SalesRevenueNet contextRef="d_2015-09-01_2016-08-31_StatementScenarioAxis-InsideTheUSAToUnaffiliatedCustomersMember" decimals="INF" id="c11644632" unitRef="iso4217-usd">20304480</us-gaap:SalesRevenueNet>
  <us-gaap:SalesRevenueNet contextRef="d_2014-09-01_2015-08-31_StatementScenarioAxis-InsideTheUSAToUnaffiliatedCustomersMember" decimals="INF" id="c11644633" unitRef="iso4217-usd">19329979</us-gaap:SalesRevenueNet>
  <us-gaap:SalesRevenueNet contextRef="d_2015-09-01_2016-08-31_StatementScenarioAxis-JointVenturesInWhichTheCompanyIsAShareholderDirectlyAndIndirectlyOutsideTheUSAMember" decimals="INF" id="c11644635" unitRef="iso4217-usd">2721905</us-gaap:SalesRevenueNet>
  <us-gaap:SalesRevenueNet contextRef="d_2014-09-01_2015-08-31_StatementScenarioAxis-JointVenturesInWhichTheCompanyIsAShareholderDirectlyAndIndirectlyOutsideTheUSAMember" decimals="INF" id="c11644636" unitRef="iso4217-usd">2831301</us-gaap:SalesRevenueNet>
  <us-gaap:SalesRevenueNet contextRef="d_2015-09-01_2016-08-31_StatementScenarioAxis-UnaffiliatedCustomersOutsideTheUSAMember" decimals="INF" id="c11644637" unitRef="iso4217-usd">9907180</us-gaap:SalesRevenueNet>
  <us-gaap:SalesRevenueNet contextRef="d_2014-09-01_2015-08-31_StatementScenarioAxis-UnaffiliatedCustomersOutsideTheUSAMember" decimals="INF" id="c11644638" unitRef="iso4217-usd">8161413</us-gaap:SalesRevenueNet>
  <us-gaap:ScheduleOfCashFlowSupplementalDisclosuresTableTextBlock contextRef="d_2015-09-01_2016-08-31" id="c-39">&lt;div style="display: inline; font-family: times new roman; font-size: 10pt"&gt;&lt;table style="TEXT-INDENT: 0;WIDTH: 100%; BORDER-COLLAPSE: collapse;; width: 700px;" cellspacing="0" cellpadding="0"&gt; &lt;tr style="VERTICAL-ALIGN: bottom"&gt; &lt;td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; TEXT-ALIGN: justify"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="7"&gt;Fiscal Year Ended &lt;br /&gt;August 31,&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom"&gt; &lt;td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; TEXT-ALIGN: justify"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3"&gt;2016&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3"&gt;2015&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 74%; TEXT-ALIGN: left"&gt;Cash paid during the year for income tax&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left"&gt;$&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right"&gt;610,000&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left"&gt;$&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right"&gt;542,000&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;Cash paid during the year for interest&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;13,261&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;20,960&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;/table&gt;&lt;/div&gt;</us-gaap:ScheduleOfCashFlowSupplementalDisclosuresTableTextBlock>
  <us-gaap:ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock contextRef="d_2015-09-01_2016-08-31" id="c-34">&lt;div style="display: inline; font-family: times new roman; font-size: 10pt"&gt;&lt;table style="TEXT-INDENT: 0;WIDTH: 100%; BORDER-COLLAPSE: collapse;; width: 700px;" cellspacing="0" cellpadding="0"&gt; &lt;tr style="VERTICAL-ALIGN: bottom"&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="7"&gt;Fiscal Year Ended August 31,&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom"&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3"&gt;2016&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3"&gt;2015&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify"&gt;Current:&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify" colspan="3"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify" colspan="3"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify"&gt;Federal&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;$&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;&amp;#x2014;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;$&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;&amp;#x2014;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 74%; TEXT-ALIGN: justify; TEXT-INDENT: 11pt"&gt;State&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right"&gt;20,000&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right"&gt;(37,000&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left"&gt;)&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"&gt; &lt;td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt; TEXT-ALIGN: justify; TEXT-INDENT: 11pt"&gt;Foreign&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"&gt;647,000&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"&gt;542,000&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;667,000&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;505,000&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify"&gt;Deferred:&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; TEXT-INDENT: 11pt"&gt;Federal&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;6,000&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;87,000&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; TEXT-INDENT: 11pt"&gt;State&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;&amp;#x2014;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;5,000&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"&gt; &lt;td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt; TEXT-ALIGN: justify; TEXT-INDENT: 11pt"&gt;Foreign&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"&gt;(47,000&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"&gt;)&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"&gt;52,000&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"&gt; &lt;td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt; TEXT-ALIGN: justify"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"&gt;(41,000&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"&gt;)&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"&gt;144,000&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"&gt; &lt;td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 2.25pt; TEXT-ALIGN: justify"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 2.25pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left"&gt;$&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: right"&gt;626,000&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 2.25pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left"&gt;$&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: right"&gt;649,000&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;/table&gt;&lt;/div&gt;</us-gaap:ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock>
  <us-gaap:ScheduleOfCondensedBalanceSheetTableTextBlock contextRef="d_2015-09-01_2016-08-31" id="c-21">&lt;div style="display: inline; font-family: times new roman; font-size: 10pt"&gt;&lt;table style="TEXT-INDENT: 0;WIDTH: 100%; BORDER-COLLAPSE: collapse;; width: 700px;" cellspacing="0" cellpadding="0"&gt; &lt;tr style="VERTICAL-ALIGN: bottom"&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="11"&gt;As of August 31, 2016&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom"&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3"&gt;Total&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3"&gt;EXCOR&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3"&gt;All Other&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 61%; TEXT-ALIGN: left"&gt;Current assets&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left"&gt;$&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right"&gt;48,922,924&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left"&gt;$&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right"&gt;22,928,810&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left"&gt;$&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right"&gt;25,994,114&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;Total assets&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;52,407,026&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;24,733,340&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;27,673,686&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;Current liabilities&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;12,433,700&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;3,485,231&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;8,948,469&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;Noncurrent liabilities&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;100,783&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;&amp;#x2014;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;100,783&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;Joint ventures&amp;#x2019; equity&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;39,872,543&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;21,248,109&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;18,624,434&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;Northern Technologies International Corporation&amp;#x2019;s share of joint ventures&amp;#x2019; equity&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;19,840,774&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;10,624,056&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;9,216,728&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;Northern Technologies International Corporation's share of joint ventures&amp;#x2019; undistributed earnings&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;17,779,912&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;$&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;10,593,151&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;$&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;7,186,761&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;Northern Technologies International Corporation's dividends received from joint ventures&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;$&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;5,503,314&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;$&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;4,364,700&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;$&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;1,165,614&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;/table&gt;&lt;/div&gt;&lt;div style="display: inline; font-family: times new roman; font-size: 10pt"&gt;&lt;table style="TEXT-INDENT: 0;WIDTH: 100%; BORDER-COLLAPSE: collapse;; width: 700px;" cellspacing="0" cellpadding="0"&gt; &lt;tr style="VERTICAL-ALIGN: bottom"&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="11"&gt;As of August 31, 2015&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom"&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3"&gt;Total&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3"&gt;EXCOR&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3"&gt;All Other&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 61%; TEXT-ALIGN: left"&gt;Current assets&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left"&gt;$&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right"&gt;49,295,116&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left"&gt;$&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right"&gt;22,620,323&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left"&gt;$&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right"&gt;26,674,793&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;Total assets&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;52,853,938&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;24,606,880&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;28,247,058&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;Current liabilities&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;12,288,383&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;3,360,142&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;8,928,241&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;Noncurrent liabilities&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;1,215,139&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;&amp;#x2014;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;1,215,139&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;Joint ventures&amp;#x2019; equity&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;39,350,417&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;21,246,738&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;18,103,679&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;Northern Technologies International Corporation&amp;#x2019;s share of joint ventures&amp;#x2019; equity&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;20,544,238&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;11,571,361&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;8,972,877&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;Northern Technologies International Corporation's share of joint ventures&amp;#x2019; undistributed earnings&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;18,483,377&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;11,540,456&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;6,942,921&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;Northern Technologies International Corporation's dividends received from joint ventures&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;$&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;2,983,338&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;$&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;2,440,200&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;$&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;543,138&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;/table&gt;&lt;/div&gt;</us-gaap:ScheduleOfCondensedBalanceSheetTableTextBlock>
  <us-gaap:ScheduleOfCondensedIncomeStatementTableTextBlock contextRef="d_2015-09-01_2016-08-31" id="c-22">&lt;div style="display: inline; font-family: times new roman; font-size: 10pt"&gt;&lt;table style="TEXT-INDENT: 0;WIDTH: 100%; BORDER-COLLAPSE: collapse;; width: 700px;" cellspacing="0" cellpadding="0"&gt; &lt;tr style="VERTICAL-ALIGN: bottom"&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="11"&gt;Fiscal Year Ended August 31, 2016&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom"&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3"&gt;Total&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3"&gt;EXCOR&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3"&gt;All Other&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 61%; TEXT-ALIGN: left"&gt;Net sales&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left"&gt;$&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right"&gt;90,646,833&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left"&gt;$&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right"&gt;35,138,214&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left"&gt;$&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right"&gt;55,508,619&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;Gross profit&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;40,440,726&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;18,635,421&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;21,805,305&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;Net income&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;9,534,771&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;7,049,462&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;2,485,309&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;Northern Technologies International Corporation&amp;#x2019;s share of equity in income from joint ventures&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;$&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;4,743,831&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;$&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;3,534,113&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;$&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;1,209,718&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;/table&gt;&lt;/div&gt;&lt;div style="display: inline; font-family: times new roman; font-size: 10pt"&gt;&lt;table style="TEXT-INDENT: 0;WIDTH: 100%; BORDER-COLLAPSE: collapse;; width: 700px;" cellspacing="0" cellpadding="0"&gt; &lt;tr style="VERTICAL-ALIGN: bottom"&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="11"&gt;Fiscal Year Ended August 31, 2015&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom"&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3"&gt;Total&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3"&gt;EXCOR&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3"&gt;All Other&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 61%; TEXT-ALIGN: left"&gt;Net sales&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left"&gt;$&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right"&gt;99,026,251&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left"&gt;$&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right"&gt;36,872,664&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left"&gt;$&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right"&gt;62,153,587&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;Gross profit&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;48,397,318&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;19,993,763&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;28,403,555&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;Net income&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;11,849,107&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;8,201,659&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;3,647,448&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;Northern Technologies International Corporation&amp;#x2019;s share of equity in income from joint ventures&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;$&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;5,936,565&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;$&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;4,091,608&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;$&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;1,844,957&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;/table&gt;&lt;/div&gt;</us-gaap:ScheduleOfCondensedIncomeStatementTableTextBlock>
  <us-gaap:ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock contextRef="d_2015-09-01_2016-08-31" id="c-36">&lt;div style="display: inline; font-family: times new roman; font-size: 10pt"&gt;&lt;table style="TEXT-INDENT: 0;WIDTH: 100%; BORDER-COLLAPSE: collapse;; width: 700px;" cellspacing="0" cellpadding="0"&gt; &lt;tr style="VERTICAL-ALIGN: bottom"&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="7"&gt;August 31,&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom"&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3"&gt;2016&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3"&gt;2015&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 74%; TEXT-ALIGN: left"&gt;Accrued compensation&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left"&gt;$&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right"&gt;150,600&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left"&gt;$&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right"&gt;237,700&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;Inventory costs&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;95,300&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;81,200&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;Accrued joint venture expenses&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;54,200&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;93,200&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;Other accrued expenses&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;87,000&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;53,800&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;Goodwill and other intangible assets&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;1,332,000&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;1,123,200&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;Stock-based compensation&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;210,600&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;308,900&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;Foreign tax credit carryforward&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;5,679,000&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;4,654,800&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"&gt; &lt;td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt; TEXT-ALIGN: left"&gt;Other credit and loss carryforwards&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"&gt;3,214,300&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"&gt;2,262,000&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left; TEXT-INDENT: 10pt"&gt;Total deferred tax assets&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;10,823,000&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;8,814,800&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"&gt; &lt;td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt; TEXT-ALIGN: left"&gt;Valuation allowance&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"&gt;(8,893,300&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"&gt;)&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"&gt;(6,889,900&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"&gt;)&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left; TEXT-INDENT: 10pt"&gt;Total deferred tax assets after valuation allowance&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;1,929,700&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;1,924,900&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;Property and equipment&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;(215,600&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;)&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;(204,000&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;)&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"&gt; &lt;td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt"&gt;Other&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"&gt;(74,300&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"&gt;)&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"&gt;(120,800&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"&gt;)&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left; TEXT-INDENT: 10pt"&gt;Total deferred tax liabilities&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"&gt;(289,900&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"&gt;)&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"&gt;(324,800&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"&gt;)&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"&gt; &lt;td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 2.25pt; TEXT-ALIGN: left"&gt;Net deferred tax assets&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 2.25pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left"&gt;$&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: right"&gt;1,639,800&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 2.25pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left"&gt;$&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: right"&gt;1,600,100&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;/table&gt;&lt;/div&gt;</us-gaap:ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock>
  <us-gaap:ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock contextRef="d_2015-09-01_2016-08-31" id="c-25">&lt;div style="display: inline; font-family: times new roman; font-size: 10pt"&gt;&lt;table style="TEXT-INDENT: 0;WIDTH: 100%; BORDER-COLLAPSE: collapse;; width: 700px;" cellspacing="0" cellpadding="0"&gt; &lt;tr style="VERTICAL-ALIGN: bottom"&gt; &lt;td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt; TEXT-ALIGN: justify"&gt;Numerator:&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3" nowrap="nowrap"&gt;August 31, 2016&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3" nowrap="nowrap"&gt;August 31, 2015&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 74%; TEXT-ALIGN: justify"&gt;Net (loss) income attributable to NTIC&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left"&gt;$&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right"&gt;(867,514&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left"&gt;)&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left"&gt;$&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right"&gt;1,789,571&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"&gt; &lt;td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; TEXT-ALIGN: justify"&gt;Denominator:&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify"&gt;Basic-weighted shares outstanding&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;4,537,504&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;4,521,788&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"&gt; &lt;td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt; TEXT-ALIGN: justify"&gt;Weighted shares assumed upon exercise of stock options&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"&gt;0&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"&gt;127,272&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"&gt; &lt;td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 2.25pt; TEXT-ALIGN: justify"&gt;Diluted &amp;#x2013; weighted shares outstanding&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 2.25pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: right"&gt;4,537,504&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 2.25pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: right"&gt;4,649,060&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify"&gt;Basic income (loss) earnings per share:&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;$&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;(0.19&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;)&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;$&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;0.40&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify"&gt;Diluted income (loss) earnings per share:&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;$&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;(0.19&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;)&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;$&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;0.38&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;/table&gt;&lt;/div&gt;</us-gaap:ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock>
  <us-gaap:ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock contextRef="d_2015-09-01_2016-08-31" id="c-35">&lt;div style="display: inline; font-family: times new roman; font-size: 10pt"&gt;&lt;table style="TEXT-INDENT: 0;WIDTH: 100%; BORDER-COLLAPSE: collapse;; width: 700px;" cellspacing="0" cellpadding="0"&gt; &lt;tr style="VERTICAL-ALIGN: bottom"&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="7" nowrap="nowrap"&gt;Fiscal Year Ended August 31,&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom"&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3"&gt;2016&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3"&gt;2015&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 74%; TEXT-ALIGN: left"&gt;Tax computed at statutory rates&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left"&gt;$&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right"&gt;(195,000&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left"&gt;)&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left"&gt;$&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right"&gt;1,076,000&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;State income tax, net of federal benefit&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;20,000&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;(32,000&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;)&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"&gt; &lt;td style="font-size: 10pt; text-align: left; padding-left: 10pt; text-indent: -10pt"&gt;Tax effect on equity in (income) loss of international joint ventures&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;(956,000&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;)&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;(1,986,000&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;)&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"&gt; &lt;td style="font-size: 10pt; text-align: left; padding-left: 10pt; text-indent: -10pt"&gt;Tax effect on dividends received from joint ventures and investment at carrying value&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;2,681,000&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;1,470,000&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;Tax effect of foreign operations&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;997,000&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;996,000&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;Foreign tax credit&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;(3,178,000&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;)&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;(1,937,000&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;)&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;Research and development credit&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;(408,000&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;)&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;(314,000&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;)&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;Valuation allowance&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;1,620,000&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;1,379,000&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;Stock based compensation&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;90,000&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;99,000&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;Non-controlling interest&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;(148,000&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;)&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;(204,000&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;)&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"&gt; &lt;td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt"&gt;Other&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"&gt;103,000&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"&gt;102,000&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"&gt; &lt;td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 2.25pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 2.25pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left"&gt;$&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: right"&gt;626,000&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 2.25pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left"&gt;$&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: right"&gt;649,000&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;/table&gt;&lt;/div&gt;</us-gaap:ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock>
  <us-gaap:ScheduleOfFiniteLivedIntangibleAssetsTableTextBlock contextRef="d_2015-09-01_2016-08-31" id="c-20">&lt;div style="display: inline; font-family: times new roman; font-size: 10pt"&gt;&lt;table style="TEXT-INDENT: 0;WIDTH: 100%; BORDER-COLLAPSE: collapse;; width: 700px;" cellspacing="0" cellpadding="0"&gt; &lt;tr style="VERTICAL-ALIGN: bottom"&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3" nowrap="nowrap"&gt;August 31, 2016&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3" nowrap="nowrap"&gt;August 31, 2015&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 74%; TEXT-ALIGN: justify"&gt;Patents and trademarks&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left"&gt;$&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right"&gt;2,575,435&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left"&gt;$&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right"&gt;2,440,022&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"&gt; &lt;td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt; TEXT-ALIGN: justify"&gt;Less accumulated amortization&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"&gt;(1,296,838&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"&gt;)&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"&gt;(1,177,803&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"&gt;)&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"&gt; &lt;td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 2.25pt; TEXT-ALIGN: justify"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 2.25pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left"&gt;$&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: right"&gt;1,278,597&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 2.25pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left"&gt;$&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: right"&gt;1,262,219&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;/table&gt;&lt;/div&gt;</us-gaap:ScheduleOfFiniteLivedIntangibleAssetsTableTextBlock>
  <us-gaap:ScheduleOfFutureMinimumRentalPaymentsForOperatingLeasesTableTextBlock contextRef="d_2015-09-01_2016-08-31" id="c-38">&lt;div style="display: inline; font-family: times new roman; font-size: 10pt"&gt;&lt;table cellpadding="0" cellspacing="0" style="border-collapse: collapse; font: 10pt Times New Roman, Times, Serif;; width: 700px;"&gt; &lt;tr style="vertical-align: bottom; background-color: rgb(204,238,255)"&gt; &lt;td style="width: 85%"&gt;FY 2017&lt;/td&gt; &lt;td style="width: 1%"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="width: 1%; text-align: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="width: 12%; text-align: right"&gt;191,631&lt;/td&gt; &lt;td style="width: 1%; text-align: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="vertical-align: bottom; background-color: White"&gt; &lt;td&gt;FY 2018&lt;/td&gt; &lt;td&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="text-align: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="text-align: right"&gt;176,040&lt;/td&gt; &lt;td style="text-align: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="vertical-align: bottom; background-color: rgb(204,238,255)"&gt; &lt;td&gt;FY 2019&lt;/td&gt; &lt;td&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="text-align: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="text-align: right"&gt;60,652&lt;/td&gt; &lt;td style="text-align: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="vertical-align: bottom; background-color: White"&gt; &lt;td&gt;FY 2020&lt;/td&gt; &lt;td&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="text-align: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="text-align: right"&gt;40,579&lt;/td&gt; &lt;td style="text-align: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="vertical-align: bottom; background-color: rgb(204,238,255)"&gt; &lt;td&gt;FY 2021&lt;/td&gt; &lt;td&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="text-align: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="text-align: right"&gt;40,579&lt;/td&gt; &lt;td style="text-align: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="vertical-align: bottom; background-color: White"&gt; &lt;td style="padding-bottom: 1pt"&gt;Thereafter&lt;/td&gt; &lt;td style="padding-bottom: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="border-bottom: Black 1pt solid; text-align: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="border-bottom: Black 1pt solid; text-align: right"&gt;88,463&lt;/td&gt; &lt;td style="border-bottom: Black 1pt solid; text-align: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="vertical-align: bottom; background-color: rgb(204,238,255)"&gt; &lt;td style="padding-bottom: 2.25pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="padding-bottom: 2.25pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="border-bottom: Black 2.25pt double; text-align: left"&gt;$&lt;/td&gt; &lt;td style="border-bottom: Black 2.25pt double; text-align: right"&gt;597,944&lt;/td&gt; &lt;td style="border-bottom: Black 2.25pt double; text-align: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;/table&gt;&lt;/div&gt;</us-gaap:ScheduleOfFutureMinimumRentalPaymentsForOperatingLeasesTableTextBlock>
  <us-gaap:ScheduleOfInventoryCurrentTableTextBlock contextRef="d_2015-09-01_2016-08-31" id="c-18">&lt;div style="display: inline; font-family: times new roman; font-size: 10pt"&gt;&lt;table style="TEXT-INDENT: 0;WIDTH: 100%; BORDER-COLLAPSE: collapse;; width: 700px;" cellspacing="0" cellpadding="0"&gt; &lt;tr style="VERTICAL-ALIGN: bottom"&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3" nowrap="nowrap"&gt;August 31, 2016&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3" nowrap="nowrap"&gt;August 31, 2015&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 74%; TEXT-ALIGN: justify"&gt;Production materials&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left"&gt;$&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right"&gt;1,452,396&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left"&gt;$&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right"&gt;1,445,014&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"&gt; &lt;td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt; TEXT-ALIGN: justify"&gt;Finished goods&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"&gt;6,258,891&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"&gt;6,023,427&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"&gt; &lt;td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 2.25pt; TEXT-ALIGN: justify"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 2.25pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left"&gt;$&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: right"&gt;7,711,287&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 2.25pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left"&gt;$&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: right"&gt;7,468,441&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;/table&gt;&lt;/div&gt;</us-gaap:ScheduleOfInventoryCurrentTableTextBlock>
  <us-gaap:ScheduleOfRevenueFromExternalCustomersAttributedToForeignCountriesByGeographicAreaTextBlock contextRef="d_2015-09-01_2016-08-31" id="c-30">&lt;div style="display: inline; font-family: times new roman; font-size: 10pt"&gt;&lt;table style="TEXT-INDENT: 0;WIDTH: 100%; BORDER-COLLAPSE: collapse;; width: 700px;" cellspacing="0" cellpadding="0"&gt; &lt;tr style="VERTICAL-ALIGN: bottom"&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="7" nowrap="nowrap"&gt;Fiscal Year Ended August 31,&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom"&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3"&gt;2016&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3"&gt;2015&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 74%; TEXT-ALIGN: left"&gt;Inside the U.S.A. to unaffiliated customers&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left"&gt;$&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right"&gt;20,304,480&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left"&gt;$&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right"&gt;19,329,979&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;Outside the U.S.A. to:&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left; TEXT-INDENT: 10pt"&gt;Joint ventures in which the Company is a shareholder directly and indirectly&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;2,721,905&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;2,831,301&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"&gt; &lt;td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt; TEXT-ALIGN: left; TEXT-INDENT: 11pt"&gt;Unaffiliated customers&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"&gt;9,907,180&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"&gt;8,161,413&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"&gt; &lt;td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 2.25pt; TEXT-ALIGN: justify"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 2.25pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left"&gt;$&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: right"&gt;32,933,565&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 2.25pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left"&gt;$&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: right"&gt;30,322,693&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;/table&gt;&lt;/div&gt;</us-gaap:ScheduleOfRevenueFromExternalCustomersAttributedToForeignCountriesByGeographicAreaTextBlock>
  <us-gaap:ScheduleOfRevenuesFromExternalCustomersAndLongLivedAssetsByGeographicalAreasTableTextBlock contextRef="d_2015-09-01_2016-08-31" id="c-32">&lt;div style="display: inline; font-family: times new roman; font-size: 10pt"&gt;&lt;table style="TEXT-INDENT: 0;WIDTH: 100%; BORDER-COLLAPSE: collapse;; width: 700px;" cellspacing="0" cellpadding="0"&gt; &lt;tr style="VERTICAL-ALIGN: bottom"&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3" nowrap="nowrap"&gt;At August 31, 2016&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3" nowrap="nowrap"&gt;At August 31, 2015&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 74%; TEXT-ALIGN: justify"&gt;China&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left"&gt;$&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right"&gt;253,931&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left"&gt;$&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right"&gt;45,220&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify"&gt;Brazil&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;66,938&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;46,918&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify"&gt;India&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;13,645&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;16,402&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"&gt; &lt;td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt; TEXT-ALIGN: justify"&gt;United States&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"&gt;8,219,955&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"&gt;8,446,842&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"&gt; &lt;td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 2.25pt; TEXT-ALIGN: justify; TEXT-INDENT: 10pt"&gt;Total long-lived assets&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 2.25pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left"&gt;$&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: right"&gt;8,554,469&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 2.25pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left"&gt;$&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: right"&gt;8,555,382&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;/table&gt;&lt;/div&gt;</us-gaap:ScheduleOfRevenuesFromExternalCustomersAndLongLivedAssetsByGeographicalAreasTableTextBlock>
  <us-gaap:ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock contextRef="d_2015-09-01_2016-08-31_StatementClassOfStockAxis-ExercisedMember" id="c-24">&lt;div style="display: inline; font-family: times new roman; font-size: 10pt"&gt;&lt;table style="TEXT-INDENT: 0;WIDTH: 50%; BORDER-COLLAPSE: collapse;; width: 700px;" cellspacing="0" cellpadding="0"&gt; &lt;tr style="VERTICAL-ALIGN: bottom"&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center"&gt;Options &lt;br /&gt;Exercised&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3"&gt;Exercise &lt;br /&gt;Price&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 48%; TEXT-ALIGN: center"&gt;18,000&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left"&gt;$&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 47%; TEXT-ALIGN: right"&gt;9.76&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: center"&gt;18,000&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;7.65&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: center"&gt;2,333&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;10.20&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;/table&gt;&lt;/div&gt;</us-gaap:ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock>
  <us-gaap:ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock contextRef="d_2015-09-01_2016-08-31" id="c-27">&lt;div style="display: inline; font-family: times new roman; font-size: 10pt"&gt;&lt;table style="TEXT-INDENT: 0;WIDTH: 100%; BORDER-COLLAPSE: collapse;; width: 700px;" cellspacing="0" cellpadding="0"&gt; &lt;tr style="VERTICAL-ALIGN: bottom"&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3"&gt;Number of &lt;br /&gt;Shares (#)&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3"&gt;Weighted Average Exercise Price&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3"&gt;Aggregate &lt;br /&gt;Intrinsic Value&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 61%; TEXT-ALIGN: justify"&gt;Outstanding at August 31, 2014&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right"&gt;239,000&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left"&gt;$&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right"&gt;11.66&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; TEXT-INDENT: 10pt"&gt;Options granted&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;45,067&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;20.10&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; TEXT-INDENT: 10pt"&gt;Options exercised&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;(38,333&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;)&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;9.00&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"&gt; &lt;td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt; TEXT-ALIGN: justify; TEXT-INDENT: 10pt"&gt;Options terminated&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"&gt;(4,000&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"&gt;)&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"&gt;10.20&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt; TEXT-ALIGN: right"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify"&gt;Outstanding at August 31, 2015&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;241,734&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;13.72&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; TEXT-INDENT: 10pt"&gt;Options granted&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;53,447&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;14.85&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; TEXT-INDENT: 10pt"&gt;Options exercised&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;0&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;0.00&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"&gt; &lt;td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt; TEXT-ALIGN: justify; TEXT-INDENT: 10pt"&gt;Options terminated&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"&gt;(12,000&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"&gt;)&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"&gt;13.38&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt; TEXT-ALIGN: right"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify"&gt;Outstanding at August 31, 2016&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;283,181&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;$&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;13.95&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;$&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;392,370&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify"&gt;Exercisable at August 31, 2016&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;188,600&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;$&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;13.45&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;$&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;336,683&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;/table&gt;&lt;/div&gt;</us-gaap:ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock>
  <us-gaap:ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock contextRef="d_2015-09-01_2016-08-31" id="c-26">&lt;div style="display: inline; font-family: times new roman; font-size: 10pt"&gt;&lt;table style="TEXT-INDENT: 0;WIDTH: 100%; BORDER-COLLAPSE: collapse;; width: 700px;" cellspacing="0" cellpadding="0"&gt; &lt;tr style="VERTICAL-ALIGN: bottom"&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3" nowrap="nowrap"&gt;August 31, 2016&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3" nowrap="nowrap"&gt;August 31, 2015&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 74%; TEXT-ALIGN: justify"&gt;Dividend yield&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right"&gt;0.00&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left"&gt;%&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right"&gt;0.00&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left"&gt;%&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify"&gt;Expected volatility&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;46.0&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;%&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;46.6&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;%&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify"&gt;Expected life of option (years)&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;10&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;10&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify"&gt;Weighted average risk-free interest rate&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;1.63&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;%&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;1.63&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;%&lt;/td&gt; &lt;/tr&gt; &lt;/table&gt;&lt;/div&gt;</us-gaap:ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock>
  <us-gaap:SegmentReportingDisclosureTextBlock contextRef="d_2015-09-01_2016-08-31" id="s382846">&lt;div style="display: inline; font-family: times new roman; font-size: 10pt"&gt;&lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;&lt;div style="display: inline; font-weight: bold;"&gt;12. SEGMENT AND GEOGRAPHIC INFORMATION&lt;/div&gt;&lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;&amp;nbsp;&lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;&lt;div style="display: inline; font-style: italic;"&gt;Segment Information&lt;/div&gt;&lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;&amp;nbsp;&lt;/div&gt;  &lt;div style=" font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"&gt;The Company&amp;#x2019;s chief operating decision maker (CODM) is its Chief Executive Officer. The Company&amp;#x2019;s business is organized into two reportable segments: ZERUST&lt;div style="display: inline; bottom:.33em; font-size: 82%; position: relative; vertical-align: baseline;"&gt;&amp;reg;&lt;/div&gt; and Natur-Tec&lt;div style="display: inline; bottom:.33em; font-size: 82%; position: relative; vertical-align: baseline;"&gt;&amp;reg;&lt;/div&gt;. The Company has been selling its proprietary ZERUST&lt;div style="display: inline; bottom:.33em; font-size: 82%; position: relative; vertical-align: baseline;"&gt;&amp;reg;&lt;/div&gt; rust and corrosion inhibiting products and services to the automotive, electronics, electrical, mechanical, military and retail consumer markets for over 40 years, and more recently, has targeted and expanded into the oil and gas industry. The Company also sells a portfolio of bio-based and compostable (fully biodegradable) polymer resin compounds and finished products under the Natur-Tec&lt;div style="display: inline; bottom:.33em; font-size: 82%; position: relative; vertical-align: baseline;"&gt;&amp;reg;&lt;/div&gt; brand.&lt;/div&gt; &lt;div style=" font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"&gt;&amp;nbsp;&lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;The following tables present the Company&amp;#x2019;s business segment information in fiscal 2016 and fiscal 2015:&lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;&amp;nbsp;&lt;/div&gt; &lt;div&gt; &lt;table style="TEXT-INDENT: 0;WIDTH: 100%; BORDER-COLLAPSE: collapse; width: 700px;" cellspacing="0" cellpadding="0"&gt;  &lt;tr style="VERTICAL-ALIGN: bottom"&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3" nowrap="nowrap"&gt;Fiscal 2016&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3" nowrap="nowrap"&gt;Fiscal 2015&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 74%; TEXT-ALIGN: justify"&gt;&lt;div style="display: inline; FONT-SIZE: 10pt"&gt;ZERUST&lt;div style="display: inline; bottom:.33em; font-size: 82%; position: relative; vertical-align: baseline; vertical-align: baseline; position: relative; bottom:.33em;"&gt;&amp;reg;&lt;/div&gt; net sales&lt;/div&gt;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left"&gt;$&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right"&gt;27,577,566&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left"&gt;$&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right"&gt;26,042,909&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"&gt; &lt;td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt; TEXT-ALIGN: justify"&gt;&lt;div style="display: inline; FONT-SIZE: 10pt"&gt;Natur-Tec&lt;div style="display: inline; bottom:.33em; font-size: 82%; position: relative; vertical-align: baseline; vertical-align: baseline; position: relative; bottom:.33em;"&gt;&amp;reg;&lt;/div&gt; net sales&lt;/div&gt;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"&gt;5,355,999&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"&gt;4,279,784&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; TEXT-INDENT: 10pt"&gt;Total net sales&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;$&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;32,933,565&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;$&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;30,322,693&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt;  &lt;/table&gt; &lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; TEXT-ALIGN: justify; MARGIN: 0pt 0px"&gt;&lt;div style="display: inline; font-style: italic;"&gt;&amp;nbsp;&lt;/div&gt;&lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; TEXT-ALIGN: justify; MARGIN: 0pt 0px"&gt;The following table sets forth the Company&amp;#x2019;s cost of goods sold for fiscal 2016 and fiscal 2015 by segment:&lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; TEXT-ALIGN: justify; MARGIN: 0pt 0px"&gt;&amp;nbsp;&lt;/div&gt; &lt;div&gt; &lt;table style="TEXT-INDENT: 0;WIDTH: 100%; BORDER-COLLAPSE: collapse; width: 700px;" cellspacing="0" cellpadding="0"&gt;  &lt;tr style="VERTICAL-ALIGN: bottom"&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3" nowrap="nowrap"&gt;Fiscal 2016&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3" nowrap="nowrap"&gt;Fiscal 2015&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify"&gt;Direct cost of goods sold&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 74%; TEXT-ALIGN: justify; TEXT-INDENT: 10pt"&gt;&lt;div style="display: inline; FONT-SIZE: 10pt"&gt;ZERUST&lt;div style="display: inline; bottom:.33em; font-size: 82%; position: relative; vertical-align: baseline; vertical-align: baseline; position: relative; bottom:.33em;"&gt;&amp;reg;&lt;/div&gt;&lt;/div&gt;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left"&gt;$&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right"&gt;15,588,133&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left"&gt;$&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right"&gt;14,399,456&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; TEXT-INDENT: 10pt"&gt;&lt;div style="display: inline; FONT-SIZE: 10pt"&gt;Natur-Tec&lt;div style="display: inline; bottom:.33em; font-size: 82%; position: relative; vertical-align: baseline; vertical-align: baseline; position: relative; bottom:.33em;"&gt;&amp;reg;&lt;/div&gt;&lt;/div&gt;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;4,076,249&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;3,232,353&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"&gt; &lt;td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt; TEXT-ALIGN: justify"&gt;Indirect cost of goods sold&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"&gt;2,655,774&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"&gt;2,924,124&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; TEXT-INDENT: 20pt"&gt;Total net cost of goods sold&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;$&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;22,320,156&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;$&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;20,555,932&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt;  &lt;/table&gt; &lt;/div&gt;    &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;The Company utilizes product net sales and direct and indirect cost of goods sold for each product in reviewing the financial performance of a product type. Further allocation of Company expenses or assets, aside from amounts presented in the tables above, is not utilized in evaluating product performance, nor does such allocation occur for internal financial reporting.&lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;&amp;nbsp;&lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;Sales to the Company&amp;#x2019;s joint ventures are included in the foregoing geographic and segment information, however, sales by the Company&amp;#x2019;s joint ventures to other parties are not included. The foregoing geographic and segment information represents only sales and cost of goods sold recognized directly by the Company.&lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;&amp;nbsp;&lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;All joint venture operations including equity in income, fees for services and related dividends are related to Zerust products and services.&lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;&amp;nbsp;&lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;&lt;div style="display: inline; font-style: italic;"&gt;Geographic Information&lt;/div&gt;&lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;&amp;nbsp;&lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;Net sales by geographic location were as follows:&lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;&amp;nbsp;&lt;/div&gt; &lt;div&gt; &lt;table style="TEXT-INDENT: 0;WIDTH: 100%; BORDER-COLLAPSE: collapse; width: 700px;" cellspacing="0" cellpadding="0"&gt;  &lt;tr style="VERTICAL-ALIGN: bottom"&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="7" nowrap="nowrap"&gt;Fiscal Year Ended August 31,&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom"&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3"&gt;2016&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3"&gt;2015&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 74%; TEXT-ALIGN: left"&gt;Inside the U.S.A. to unaffiliated customers&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left"&gt;$&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right"&gt;20,304,480&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left"&gt;$&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right"&gt;19,329,979&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;Outside the U.S.A. to:&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left; TEXT-INDENT: 10pt"&gt;Joint ventures in which the Company is a shareholder directly and indirectly&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;2,721,905&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;2,831,301&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"&gt; &lt;td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt; TEXT-ALIGN: left; TEXT-INDENT: 11pt"&gt;Unaffiliated customers&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"&gt;9,907,180&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"&gt;8,161,413&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"&gt; &lt;td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 2.25pt; TEXT-ALIGN: justify"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 2.25pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left"&gt;$&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: right"&gt;32,933,565&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 2.25pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left"&gt;$&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: right"&gt;30,322,693&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt;  &lt;/table&gt; &lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; TEXT-ALIGN: justify; MARGIN: 0pt 0px"&gt;&amp;nbsp;&lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;Net sales by geographic location are based on the location of the customer.&lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;&amp;nbsp;&lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;Fees for services provided to joint ventures by geographic location as a percentage of total fees for services provided to joint ventures during fiscal 2016 and fiscal 2015, respectively, were as follows:&lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;&amp;nbsp;&lt;/div&gt; &lt;div&gt; &lt;table style="TEXT-INDENT: 0;WIDTH: 100%; BORDER-COLLAPSE: collapse; width: 700px;" cellspacing="0" cellpadding="0"&gt;  &lt;tr style="VERTICAL-ALIGN: bottom"&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3" nowrap="nowrap"&gt;Fiscal 2016&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3" nowrap="nowrap"&gt;Fiscal 2015&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 74%; TEXT-ALIGN: justify"&gt;Germany&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left"&gt;$&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right"&gt;845,857&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left"&gt;$&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right"&gt;873,400&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify"&gt;Japan&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;646,015&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;599,108&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify"&gt;Poland&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;599,391&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;600,255&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify"&gt;Thailand&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;537,212&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;554,881&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify"&gt;United Kingdom&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;386,761&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;396,514&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify"&gt;Korea&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;352,393&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;192,539&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify"&gt;France&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;329,805&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;412,608&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify"&gt;India&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;300,506&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;277,548&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify"&gt;Sweden&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;265,745&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;323,610&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify"&gt;Finland&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;252,578&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;281,620&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify"&gt;Czech&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;237,062&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;229,185&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify"&gt;China&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;0&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;494,080&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"&gt; &lt;td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt; TEXT-ALIGN: justify"&gt;Other&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"&gt;384,385&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"&gt;480,143&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;$&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;5,137,710&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;$&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;5,715,491&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt;  &lt;/table&gt; &lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; TEXT-ALIGN: justify; MARGIN: 0pt 0px"&gt;&amp;nbsp;&lt;/div&gt;     &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;Sales to the Company&amp;#x2019;s joint ventures are included in the foregoing segment and geographic information; however, sales by the Company&amp;#x2019;s joint ventures to other parties are not included. The foregoing segment and geographic information represents only sales and cost of goods sold recognized directly by the Company.&lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;&amp;nbsp;&lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;See Note 6 for additional details on geographical information regarding equity in income from joint ventures.&lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;&amp;nbsp;&lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;The geographical distribution of key financial statement data is as follows:&lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;&amp;nbsp;&lt;/div&gt; &lt;div&gt; &lt;table style="TEXT-INDENT: 0;WIDTH: 100%; BORDER-COLLAPSE: collapse; width: 700px;" cellspacing="0" cellpadding="0"&gt;  &lt;tr style="VERTICAL-ALIGN: bottom"&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3" nowrap="nowrap"&gt;At August 31, 2016&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3" nowrap="nowrap"&gt;At August 31, 2015&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 74%; TEXT-ALIGN: justify"&gt;China&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left"&gt;$&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right"&gt;253,931&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left"&gt;$&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right"&gt;45,220&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify"&gt;Brazil&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;66,938&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;46,918&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify"&gt;India&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;13,645&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;16,402&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"&gt; &lt;td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt; TEXT-ALIGN: justify"&gt;United States&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"&gt;8,219,955&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"&gt;8,446,842&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"&gt; &lt;td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 2.25pt; TEXT-ALIGN: justify; TEXT-INDENT: 10pt"&gt;Total long-lived assets&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 2.25pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left"&gt;$&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: right"&gt;8,554,469&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 2.25pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left"&gt;$&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: right"&gt;8,555,382&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt;  &lt;/table&gt; &lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; TEXT-ALIGN: justify; MARGIN: 0pt 0px"&gt;&amp;nbsp;&lt;/div&gt; &lt;div&gt; &lt;table style="TEXT-INDENT: 0;WIDTH: 100%; BORDER-COLLAPSE: collapse; width: 700px;" cellspacing="0" cellpadding="0"&gt;  &lt;tr style="VERTICAL-ALIGN: bottom"&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3"&gt;Fiscal Year Ended August 31, 2016&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3"&gt;Fiscal Year Ended August 31, 2015&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 74%; TEXT-ALIGN: justify"&gt;China&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left"&gt;$&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right"&gt;4,114,288&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left"&gt;$&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right"&gt;1,070,422&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify"&gt;Brazil&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;2,172,297&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;2,623,938&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify"&gt;India&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;1,104,947&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;967,241&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify"&gt;Other&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;5,237,553&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;6,331,113&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"&gt; &lt;td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt; TEXT-ALIGN: justify"&gt;United States&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"&gt;20,304,480&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"&gt;19,329,979&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"&gt; &lt;td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 2.25pt; TEXT-ALIGN: justify; TEXT-INDENT: 10pt"&gt;Total net sales&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 2.25pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left"&gt;$&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: right"&gt;32,933,565&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 2.25pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left"&gt;$&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: right"&gt;30,322,693&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt;  &lt;/table&gt; &lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; TEXT-ALIGN: justify; MARGIN: 0pt 0px"&gt;&amp;nbsp;&lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;Total long-lived assets located in China, Brazil and India primarily consist of property, plant and equipment. These assets are periodically reviewed to assure the net realizable value from the estimated future production based on forecasted sales exceeds the carrying value of the assets.&lt;/div&gt;&lt;/div&gt;</us-gaap:SegmentReportingDisclosureTextBlock>
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  <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate contextRef="d_2014-09-01_2015-08-31" decimals="4" id="c11644586" unitRef="xbrli-pure">0.0163</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate>
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  <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber contextRef="i_2015-08-31" decimals="INF" id="c11644599" unitRef="xbrli-shares">241734</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber>
  <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber contextRef="i_2016-08-31" decimals="INF" id="c11644611" unitRef="xbrli-shares">283181</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber>
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  <us-gaap:ShareBasedCompensationOptionAndIncentivePlansPolicy contextRef="d_2015-09-01_2016-08-31" id="c11645158">&lt;div style="display: inline; font-family: times new roman; font-size: 10pt"&gt;&lt;div style="display: inline; font-family: times new roman; font-size: 10pt"&gt;&lt;div style="display: inline; font-family: times new roman; font-size: 10pt"&gt;&lt;div style="display: inline; font-family: times new roman; font-size: 10pt"&gt;&lt;div style="display: inline; font-family: times new roman; font-size: 10pt"&gt;&lt;div style="display: inline; font-family: times new roman; font-size: 10pt"&gt;&lt;div style="display: inline; font-family: times new roman; font-size: 10pt"&gt;&lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;&lt;div style="display: inline; font-style: italic;"&gt;Stock-Based Compensation&lt;/div&gt; &amp;#x2013; The Company recognizes compensation cost relating to share-based payment transactions, including grants of employee stock options and transactions under the Company&amp;#x2019;s employee stock purchase plan, in its consolidated financial statements. That cost is measured based on the fair value of the equity or liability instruments issued. The Company measures the cost of employee services received in exchange for stock options and other stock-based awards based on the grant-date fair value of the award, and recognizes the cost over the period the employee is required to provide services for the award (generally the vesting term).&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;</us-gaap:ShareBasedCompensationOptionAndIncentivePlansPolicy>
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  <us-gaap:ShippingAndHandlingCostPolicyTextBlock contextRef="d_2015-09-01_2016-08-31" id="c11645155">&lt;div style="display: inline; font-family: times new roman; font-size: 10pt"&gt;&lt;div style="display: inline; font-family: times new roman; font-size: 10pt"&gt;&lt;div style="display: inline; font-family: times new roman; font-size: 10pt"&gt;&lt;div style="display: inline; font-family: times new roman; font-size: 10pt"&gt;&lt;div style="display: inline; font-family: times new roman; font-size: 10pt"&gt;&lt;div style="display: inline; font-family: times new roman; font-size: 10pt"&gt;&lt;div style="display: inline; font-family: times new roman; font-size: 10pt"&gt;&lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;&lt;div style="display: inline; font-style: italic;"&gt;Shipping and Handling&lt;/div&gt; - The Company records all amounts billed to customers in a sales transaction related to shipping and handling as sales. The Company records costs related to shipping and handling in cost of goods sold.&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;</us-gaap:ShippingAndHandlingCostPolicyTextBlock>
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  <us-gaap:StockIssuedDuringPeriodSharesEmployeeStockPurchasePlans contextRef="d_2015-09-01_2016-08-31_StatementEquityComponentsAxis-CommonStockMember" decimals="INF" id="c11644345" unitRef="xbrli-shares">5582</us-gaap:StockIssuedDuringPeriodSharesEmployeeStockPurchasePlans>
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  <us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest contextRef="i_2016-08-31_StatementEquityComponentsAxis-NoncontrollingInterestMember" decimals="INF" id="c11644378" unitRef="iso4217-usd">2540973</us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest>
  <us-gaap:StockholdersEquityNoteDisclosureTextBlock contextRef="d_2015-09-01_2016-08-31" id="s382839">&lt;div style="display: inline; font-family: times new roman; font-size: 10pt"&gt;&lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;&lt;div style="display: inline; font-weight: bold;"&gt;9. STOCKHOLDERS&amp;#x2019; EQUITY&lt;/div&gt;&lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;&amp;nbsp;&lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;On January 15, 2015, the Company&amp;#x2019;s Board of Directors authorized the repurchase of up to $3,000,000 in shares of common stock through open market purchases or unsolicited or solicited privately negotiated transactions. This program has no expiration date but may be terminated by the Company&amp;#x2019;s Board of Directors at any time. As of August 31, 2016, up to $2,836,656 in shares of common stock remained available for repurchase under the stock repurchase program. During fiscal 2016, the Company repurchased and retired 11,211 shares of its common stock at an average price of $12.40 per share. No stock options to purchase shares of common stock were exercised during fiscal 2016.&lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;&amp;nbsp;&lt;/div&gt;    &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;The Company granted stock options under the Northern Technologies International Corporation Amended and Restated 2007 Stock Incentive Plan (the 2007 Plan) to purchase an aggregate of 53,447 shares of its common stock to various employees and directors during fiscal 2016. The weighted average per share exercise price of the stock options is $14.85, which was equal to the fair market value of the Company&amp;#x2019;s common stock on the date of grant.&lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;&amp;nbsp;&lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;No stock options to purchase shares of common stock were exercised during fiscal 2016.&lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;&amp;nbsp;&lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;The following stock options to purchase shares of common stock were exercised during fiscal 2015:&lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;&amp;nbsp;&lt;/div&gt; &lt;div&gt; &lt;table style="TEXT-INDENT: 0;WIDTH: 50%; BORDER-COLLAPSE: collapse; width: 700px;" cellspacing="0" cellpadding="0"&gt;  &lt;tr style="VERTICAL-ALIGN: bottom"&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center"&gt;Options &lt;br /&gt;Exercised&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3"&gt;Exercise &lt;br /&gt;Price&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 48%; TEXT-ALIGN: center"&gt;18,000&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left"&gt;$&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 47%; TEXT-ALIGN: right"&gt;9.76&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: center"&gt;18,000&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;7.65&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: center"&gt;2,333&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;10.20&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt;  &lt;/table&gt; &lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;&amp;nbsp;&lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;The total intrinsic value of the options exercised during fiscal 2015 was $297,696.&lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;&amp;nbsp;&lt;/div&gt; &lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;The Company granted stock options under the Northern Technologies International Corporation Amended and Restated 2007 Stock Incentive Plan (the 2007 Plan) to purchase an aggregate of 45,067 shares of its common stock to various employees and directors during fiscal 2015. The weighted average per share exercise price of the stock options is $20.10, which was equal to the fair market value of the Company&amp;#x2019;s common stock on the date of grant.&lt;/div&gt;&lt;/div&gt;</us-gaap:StockholdersEquityNoteDisclosureTextBlock>
  <us-gaap:StockholdersEquityPolicyTextBlock contextRef="d_2015-09-01_2016-08-31" id="c11645157">&lt;div style="display: inline; font-family: times new roman; font-size: 10pt"&gt;&lt;div style="display: inline; font-family: times new roman; font-size: 10pt"&gt;&lt;div style="display: inline; font-family: times new roman; font-size: 10pt"&gt;&lt;div style="display: inline; font-family: times new roman; font-size: 10pt"&gt;&lt;div style="display: inline; font-family: times new roman; font-size: 10pt"&gt;&lt;div style="display: inline; font-family: times new roman; font-size: 10pt"&gt;&lt;div style="display: inline; font-family: times new roman; font-size: 10pt"&gt;&lt;div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"&gt;&lt;div style="display: inline; font-style: italic;"&gt;Common Stock&lt;/div&gt; &amp;#x2013; The Company issues authorized but unissued shares of common stock upon the exercise of stock options, as opposed to treasury shares.&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;</us-gaap:StockholdersEquityPolicyTextBlock>
  <us-gaap:SummaryOfIncomeTaxContingenciesTextBlock contextRef="d_2015-09-01_2016-08-31" id="c-37">&lt;div style="display: inline; font-family: times new roman; font-size: 10pt"&gt;&lt;table style="TEXT-INDENT: 0;WIDTH: 100%; BORDER-COLLAPSE: collapse;; width: 700px;" cellspacing="0" cellpadding="0"&gt; &lt;tr style="VERTICAL-ALIGN: bottom"&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="7"&gt;Fiscal Year Ended August 31,&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom"&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3"&gt;2016&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3"&gt;2015&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 74%; PADDING-BOTTOM: 1pt; TEXT-ALIGN: left"&gt;Gross unrecognized tax benefits &amp;#x2013; beginning balance&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left"&gt;$&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right"&gt;203,000&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left"&gt;$&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right"&gt;180,000&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"&gt; &lt;td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt; TEXT-ALIGN: left"&gt;Gross increases - prior period tax positions&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;15,000&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"&gt;15,000&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"&gt; &lt;td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt; TEXT-ALIGN: left"&gt;Gross increases &amp;#x2013; current period tax positions&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"&gt;20,000&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"&gt;8,000&lt;/td&gt; &lt;td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"&gt; &lt;td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt; TEXT-ALIGN: left"&gt;Gross unrecognized tax benefits &amp;#x2013; 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<DOCUMENT>
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    <link:label xlink:label="us-gaap_EquityMethodInvestments-label" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xml:lang="en-US">Investment at carrying value &#8211; August 31, 2016</link:label>
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    <link:label xlink:label="us-gaap_CostMethodInvestments-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Investments at carrying value (Note 7)</link:label>
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    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CostMethodInvestments" xlink:to="us-gaap_CostMethodInvestments-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ScheduleOfCashFlowSupplementalDisclosuresTableTextBlock" xlink:label="us-gaap_ScheduleOfCashFlowSupplementalDisclosuresTableTextBlock" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_ScheduleOfCashFlowSupplementalDisclosuresTableTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Schedule of Cash Flow, Supplemental Disclosures [Table Text Block]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfCashFlowSupplementalDisclosuresTableTextBlock" xlink:to="us-gaap_ScheduleOfCashFlowSupplementalDisclosuresTableTextBlock-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FiniteLivedIntangibleAssetUsefulLife" xlink:label="us-gaap_FiniteLivedIntangibleAssetUsefulLife" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_FiniteLivedIntangibleAssetUsefulLife-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_FiniteLivedIntangibleAssetUsefulLife</link:label>
    <link:label xlink:label="us-gaap_FiniteLivedIntangibleAssetUsefulLife-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Finite-Lived Intangible Asset, Useful Life</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FiniteLivedIntangibleAssetUsefulLife" xlink:to="us-gaap_FiniteLivedIntangibleAssetUsefulLife-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_CashFlowSupplementalDisclosuresTextBlock" xlink:label="us-gaap_CashFlowSupplementalDisclosuresTextBlock" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_CashFlowSupplementalDisclosuresTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Cash Flow, Supplemental Disclosures [Text Block]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CashFlowSupplementalDisclosuresTextBlock" xlink:to="us-gaap_CashFlowSupplementalDisclosuresTextBlock-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ComprehensiveIncomeNetOfTax" xlink:label="us-gaap_ComprehensiveIncomeNetOfTax" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_ComprehensiveIncomeNetOfTax-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_ComprehensiveIncomeNetOfTax</link:label>
    <link:label xlink:label="us-gaap_ComprehensiveIncomeNetOfTax-label" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">COMPREHENSIVE LOSS ATTRIBUTABLE TO NTIC</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ComprehensiveIncomeNetOfTax" xlink:to="us-gaap_ComprehensiveIncomeNetOfTax-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_OperatingExpensesAbstract" xlink:label="us-gaap_OperatingExpensesAbstract" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_OperatingExpensesAbstract-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">OPERATING EXPENSES:</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingExpensesAbstract" xlink:to="us-gaap_OperatingExpensesAbstract-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PreferredStockSharesOutstanding" xlink:label="us-gaap_PreferredStockSharesOutstanding" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_PreferredStockSharesOutstanding-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Preferred stock, shares outstanding (in shares)</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PreferredStockSharesOutstanding" xlink:to="us-gaap_PreferredStockSharesOutstanding-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_SharesOutstanding" xlink:label="us-gaap_SharesOutstanding" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_SharesOutstanding-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_SharesOutstanding</link:label>
    <link:label xlink:label="us-gaap_SharesOutstanding-label" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xml:lang="en-US">BALANCE (in shares)</link:label>
    <link:label xlink:label="us-gaap_SharesOutstanding-label" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xml:lang="en-US">BALANCE (in shares)</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SharesOutstanding" xlink:to="us-gaap_SharesOutstanding-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_CommonStockSharesOutstanding" xlink:label="us-gaap_CommonStockSharesOutstanding" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_CommonStockSharesOutstanding-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Common stock, shares outstanding (in shares)</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CommonStockSharesOutstanding" xlink:to="us-gaap_CommonStockSharesOutstanding-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ScheduleOfFiniteLivedIntangibleAssetsTableTextBlock" xlink:label="us-gaap_ScheduleOfFiniteLivedIntangibleAssetsTableTextBlock" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_ScheduleOfFiniteLivedIntangibleAssetsTableTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Schedule of Finite-Lived Intangible Assets [Table Text Block]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfFiniteLivedIntangibleAssetsTableTextBlock" xlink:to="us-gaap_ScheduleOfFiniteLivedIntangibleAssetsTableTextBlock-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_CashAndCashEquivalentsAtCarryingValue" xlink:label="us-gaap_CashAndCashEquivalentsAtCarryingValue" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_CashAndCashEquivalentsAtCarryingValue-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_CashAndCashEquivalentsAtCarryingValue</link:label>
    <link:label xlink:label="us-gaap_CashAndCashEquivalentsAtCarryingValue-label" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xml:lang="en-US">CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR</link:label>
    <link:label xlink:label="us-gaap_CashAndCashEquivalentsAtCarryingValue-label" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xml:lang="en-US">CASH AND CASH EQUIVALENTS AT END OF YEAR</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CashAndCashEquivalentsAtCarryingValue" xlink:to="us-gaap_CashAndCashEquivalentsAtCarryingValue-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsDisclosureTextBlock" xlink:label="us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsDisclosureTextBlock" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsDisclosureTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsDisclosureTextBlock" xlink:to="us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsDisclosureTextBlock-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_IntangibleAssetsDisclosureTextBlock" xlink:label="us-gaap_IntangibleAssetsDisclosureTextBlock" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_IntangibleAssetsDisclosureTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Intangible Assets Disclosure [Text Block]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IntangibleAssetsDisclosureTextBlock" xlink:to="us-gaap_IntangibleAssetsDisclosureTextBlock-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DeferredTaxAssetsValuationAllowance" xlink:label="us-gaap_DeferredTaxAssetsValuationAllowance" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_DeferredTaxAssetsValuationAllowance-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_DeferredTaxAssetsValuationAllowance</link:label>
    <link:label xlink:label="us-gaap_DeferredTaxAssetsValuationAllowance-label" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Valuation allowance</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DeferredTaxAssetsValuationAllowance" xlink:to="us-gaap_DeferredTaxAssetsValuationAllowance-label" xlink:type="arc"/>
    <link:loc xlink:href="ntic-20160831.xsd#ntic_ZERUSTMember" xlink:label="ntic_ZERUSTMember" xlink:type="locator"/>
    <link:label xlink:label="ntic_ZERUSTMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ZERUST [Member]</link:label>
    <link:label xlink:label="ntic_ZERUSTMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents ZERUST.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ntic_ZERUSTMember" xlink:to="ntic_ZERUSTMember-label" xlink:type="arc"/>
    <link:loc xlink:href="ntic-20160831.xsd#ntic_NaturTecMember" xlink:label="ntic_NaturTecMember" xlink:type="locator"/>
    <link:label xlink:label="ntic_NaturTecMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">NaturTec [Member]</link:label>
    <link:label xlink:label="ntic_NaturTecMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents NaturTec segment.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ntic_NaturTecMember" xlink:to="ntic_NaturTecMember-label" xlink:type="arc"/>
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    <link:label xlink:label="us-gaap_DeferredTaxAssetsNetNoncurrent-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_DeferredTaxAssetsNetNoncurrent</link:label>
    <link:label xlink:label="us-gaap_DeferredTaxAssetsNetNoncurrent-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Deferred income taxes</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DeferredTaxAssetsNetNoncurrent" xlink:to="us-gaap_DeferredTaxAssetsNetNoncurrent-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DeferredTaxAssetsNet" xlink:label="us-gaap_DeferredTaxAssetsNet" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_DeferredTaxAssetsNet-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_DeferredTaxAssetsNet</link:label>
    <link:label xlink:label="us-gaap_DeferredTaxAssetsNet-label" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Total deferred tax assets after valuation allowance</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DeferredTaxAssetsNet" xlink:to="us-gaap_DeferredTaxAssetsNet-label" xlink:type="arc"/>
    <link:loc xlink:href="ntic-20160831.xsd#ntic_ReconciliationOfCostOfGoodsSoldFromSegmentsToConsolidatedTableTextBlock" xlink:label="ntic_ReconciliationOfCostOfGoodsSoldFromSegmentsToConsolidatedTableTextBlock" xlink:type="locator"/>
    <link:label xlink:label="ntic_ReconciliationOfCostOfGoodsSoldFromSegmentsToConsolidatedTableTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Reconciliation of Cost of Goods Sold from Segments to Consolidated [Table Text Block]</link:label>
    <link:label xlink:label="ntic_ReconciliationOfCostOfGoodsSoldFromSegmentsToConsolidatedTableTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Tabular disclosure of all significant reconciling items in the reconciliation of total cost of goods sold from reportable segments to the entity's consolidated revenues.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ntic_ReconciliationOfCostOfGoodsSoldFromSegmentsToConsolidatedTableTextBlock" xlink:to="ntic_ReconciliationOfCostOfGoodsSoldFromSegmentsToConsolidatedTableTextBlock-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DeferredTaxAssetsNetCurrent" xlink:label="us-gaap_DeferredTaxAssetsNetCurrent" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_DeferredTaxAssetsNetCurrent-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Deferred income taxes</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DeferredTaxAssetsNetCurrent" xlink:to="us-gaap_DeferredTaxAssetsNetCurrent-label" xlink:type="arc"/>
    <link:loc xlink:href="ntic-20160831.xsd#ntic_CostOfGoodsSoldTypeAxis" xlink:label="ntic_CostOfGoodsSoldTypeAxis" xlink:type="locator"/>
    <link:label xlink:label="ntic_CostOfGoodsSoldTypeAxis-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Cost of Goods Sold Type [Axis]</link:label>
    <link:label xlink:label="ntic_CostOfGoodsSoldTypeAxis-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Cost of goods sold type [axis]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ntic_CostOfGoodsSoldTypeAxis" xlink:to="ntic_CostOfGoodsSoldTypeAxis-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets" xlink:label="us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets" xlink:type="locator"/>
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    <link:label xlink:label="us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets-label" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Prepaid expenses and other</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets" xlink:to="us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets-label" xlink:type="arc"/>
    <link:loc xlink:href="ntic-20160831.xsd#ntic_CostOfGoodsSoldTypeDomain" xlink:label="ntic_CostOfGoodsSoldTypeDomain" xlink:type="locator"/>
    <link:label xlink:label="ntic_CostOfGoodsSoldTypeDomain-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Cost of Goods Sold Type [Domain]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ntic_CostOfGoodsSoldTypeDomain" xlink:to="ntic_CostOfGoodsSoldTypeDomain-label" xlink:type="arc"/>
    <link:loc xlink:href="ntic-20160831.xsd#ntic_DirectCostOfGoodsSoldMember" xlink:label="ntic_DirectCostOfGoodsSoldMember" xlink:type="locator"/>
    <link:label xlink:label="ntic_DirectCostOfGoodsSoldMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Direct Cost of Goods Sold [Member]</link:label>
    <link:label xlink:label="ntic_DirectCostOfGoodsSoldMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Direct cost of goods sold [member]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ntic_DirectCostOfGoodsSoldMember" xlink:to="ntic_DirectCostOfGoodsSoldMember-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_OtherAssetsAbstract" xlink:label="us-gaap_OtherAssetsAbstract" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_OtherAssetsAbstract-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">OTHER ASSETS:</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OtherAssetsAbstract" xlink:to="us-gaap_OtherAssetsAbstract-label" xlink:type="arc"/>
    <link:loc xlink:href="ntic-20160831.xsd#ntic_IndirectCostOfGoodsSoldMember" xlink:label="ntic_IndirectCostOfGoodsSoldMember" xlink:type="locator"/>
    <link:label xlink:label="ntic_IndirectCostOfGoodsSoldMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Indirect Cost of Goods Sold [Member]</link:label>
    <link:label xlink:label="ntic_IndirectCostOfGoodsSoldMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Indirect cost of goods sold [member]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ntic_IndirectCostOfGoodsSoldMember" xlink:to="ntic_IndirectCostOfGoodsSoldMember-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_IncreaseDecreaseInDeferredIncomeTaxes" xlink:label="us-gaap_IncreaseDecreaseInDeferredIncomeTaxes" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_IncreaseDecreaseInDeferredIncomeTaxes-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_IncreaseDecreaseInDeferredIncomeTaxes</link:label>
    <link:label xlink:label="us-gaap_IncreaseDecreaseInDeferredIncomeTaxes-label" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Deferred income taxes</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncreaseDecreaseInDeferredIncomeTaxes" xlink:to="us-gaap_IncreaseDecreaseInDeferredIncomeTaxes-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DeferredIncomeTaxLiabilities" xlink:label="us-gaap_DeferredIncomeTaxLiabilities" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_DeferredIncomeTaxLiabilities-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_DeferredIncomeTaxLiabilities</link:label>
    <link:label xlink:label="us-gaap_DeferredIncomeTaxLiabilities-label" xlink:role="http://www.xbrl.org/2009/role/negatedTotalLabel" xlink:type="resource" xml:lang="en-US">Total deferred tax liabilities</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DeferredIncomeTaxLiabilities" xlink:to="us-gaap_DeferredIncomeTaxLiabilities-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DeferredTaxAssetsLiabilitiesNet" xlink:label="us-gaap_DeferredTaxAssetsLiabilitiesNet" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_DeferredTaxAssetsLiabilitiesNet-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_DeferredTaxAssetsLiabilitiesNet</link:label>
    <link:label xlink:label="us-gaap_DeferredTaxAssetsLiabilitiesNet-label" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Net deferred tax assets</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DeferredTaxAssetsLiabilitiesNet" xlink:to="us-gaap_DeferredTaxAssetsLiabilitiesNet-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DeferredTaxAssetsGross" xlink:label="us-gaap_DeferredTaxAssetsGross" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_DeferredTaxAssetsGross-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_DeferredTaxAssetsGross</link:label>
    <link:label xlink:label="us-gaap_DeferredTaxAssetsGross-label" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Total deferred tax assets</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DeferredTaxAssetsGross" xlink:to="us-gaap_DeferredTaxAssetsGross-label" xlink:type="arc"/>
    <link:loc xlink:href="ntic-20160831.xsd#ntic_PercentageOfIndividualBonusPayoutDeterminedByActualVersusTargetedEBITOIResults" xlink:label="ntic_PercentageOfIndividualBonusPayoutDeterminedByActualVersusTargetedEBITOIResults" xlink:type="locator"/>
    <link:label xlink:label="ntic_PercentageOfIndividualBonusPayoutDeterminedByActualVersusTargetedEBITOIResults-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ntic_PercentageOfIndividualBonusPayoutDeterminedByActualVersusTargetedEBITOIResults</link:label>
    <link:label xlink:label="ntic_PercentageOfIndividualBonusPayoutDeterminedByActualVersusTargetedEBITOIResults-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Percentage of Individual Bonus Payout Determined by Actual Versus Targeted EBITOI Results</link:label>
    <link:label xlink:label="ntic_PercentageOfIndividualBonusPayoutDeterminedByActualVersusTargetedEBITOIResults-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Percentage of individual's bonus payout determined based upon the Company's actual EBITOI for the fiscal year compared to pre-established target EBITOI for the fiscal year.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ntic_PercentageOfIndividualBonusPayoutDeterminedByActualVersusTargetedEBITOIResults" xlink:to="ntic_PercentageOfIndividualBonusPayoutDeterminedByActualVersusTargetedEBITOIResults-label" xlink:type="arc"/>
    <link:loc xlink:href="ntic-20160831.xsd#ntic_JointVentureOperations" xlink:label="ntic_JointVentureOperations" xlink:type="locator"/>
    <link:label xlink:label="ntic_JointVentureOperations-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">JOINT VENTURE OPERATIONS:</link:label>
    <link:label xlink:label="ntic_JointVentureOperations-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Joint venture operations</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ntic_JointVentureOperations" xlink:to="ntic_JointVentureOperations-label" xlink:type="arc"/>
    <link:loc xlink:href="ntic-20160831.xsd#ntic_PercentageOfIndividualsPayoutDeterminedUponAchievementOfCertainPreEstablishedIndividualPerformanceObjectives" xlink:label="ntic_PercentageOfIndividualsPayoutDeterminedUponAchievementOfCertainPreEstablishedIndividualPerformanceObjectives" xlink:type="locator"/>
    <link:label xlink:label="ntic_PercentageOfIndividualsPayoutDeterminedUponAchievementOfCertainPreEstablishedIndividualPerformanceObjectives-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ntic_PercentageOfIndividualsPayoutDeterminedUponAchievementOfCertainPreEstablishedIndividualPerformanceObjectives</link:label>
    <link:label xlink:label="ntic_PercentageOfIndividualsPayoutDeterminedUponAchievementOfCertainPreEstablishedIndividualPerformanceObjectives-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Percentage of Individuals Payout Determined Upon Achievement of Certain Pre-Established Individual Performance Objectives</link:label>
    <link:label xlink:label="ntic_PercentageOfIndividualsPayoutDeterminedUponAchievementOfCertainPreEstablishedIndividualPerformanceObjectives-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Percentage of individual's payout determined based upon achievement of certain pre-established individual performance objectives.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ntic_PercentageOfIndividualsPayoutDeterminedUponAchievementOfCertainPreEstablishedIndividualPerformanceObjectives" xlink:to="ntic_PercentageOfIndividualsPayoutDeterminedUponAchievementOfCertainPreEstablishedIndividualPerformanceObjectives-label" xlink:type="arc"/>
    <link:loc xlink:href="ntic-20160831.xsd#ntic_WeightedAverageNumberOfSharesOutstandingBasicAndDilutedAbstract" xlink:label="ntic_WeightedAverageNumberOfSharesOutstandingBasicAndDilutedAbstract" xlink:type="locator"/>
    <link:label xlink:label="ntic_WeightedAverageNumberOfSharesOutstandingBasicAndDilutedAbstract-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">WEIGHTED AVERAGE COMMON SHARES ASSUMED OUTSTANDING:</link:label>
    <link:label xlink:label="ntic_WeightedAverageNumberOfSharesOutstandingBasicAndDilutedAbstract-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Weighted average number of shares outstanding, basic and diluted[abstract]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ntic_WeightedAverageNumberOfSharesOutstandingBasicAndDilutedAbstract" xlink:to="ntic_WeightedAverageNumberOfSharesOutstandingBasicAndDilutedAbstract-label" xlink:type="arc"/>
    <link:loc xlink:href="ntic-20160831.xsd#ntic_OtherCountriesMember" xlink:label="ntic_OtherCountriesMember" xlink:type="locator"/>
    <link:label xlink:label="ntic_OtherCountriesMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other Countries [Member]</link:label>
    <link:label xlink:label="ntic_OtherCountriesMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Countries identified as "Other".</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ntic_OtherCountriesMember" xlink:to="ntic_OtherCountriesMember-label" xlink:type="arc"/>
    <link:loc xlink:href="ntic-20160831.xsd#ntic_Exercise1Member" xlink:label="ntic_Exercise1Member" xlink:type="locator"/>
    <link:label xlink:label="ntic_Exercise1Member-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Exercise 1 [Member]</link:label>
    <link:label xlink:label="ntic_Exercise1Member-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents information pertaining to exercise 1.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ntic_Exercise1Member" xlink:to="ntic_Exercise1Member-label" xlink:type="arc"/>
    <link:loc xlink:href="ntic-20160831.xsd#ntic_Exercise2Member" xlink:label="ntic_Exercise2Member" xlink:type="locator"/>
    <link:label xlink:label="ntic_Exercise2Member-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Exercise 2 [Member]</link:label>
    <link:label xlink:label="ntic_Exercise2Member-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents information pertaining to exercise 2.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ntic_Exercise2Member" xlink:to="ntic_Exercise2Member-label" xlink:type="arc"/>
    <link:loc xlink:href="ntic-20160831.xsd#ntic_Exercise3Member" xlink:label="ntic_Exercise3Member" xlink:type="locator"/>
    <link:label xlink:label="ntic_Exercise3Member-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Exercise 3 [Member]</link:label>
    <link:label xlink:label="ntic_Exercise3Member-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents information pertaining to exercise 3.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ntic_Exercise3Member" xlink:to="ntic_Exercise3Member-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_LettersOfCreditOutstandingAmount" xlink:label="us-gaap_LettersOfCreditOutstandingAmount" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_LettersOfCreditOutstandingAmount-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_LettersOfCreditOutstandingAmount</link:label>
    <link:label xlink:label="us-gaap_LettersOfCreditOutstandingAmount-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Letters of Credit Outstanding, Amount</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LettersOfCreditOutstandingAmount" xlink:to="us-gaap_LettersOfCreditOutstandingAmount-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DeferredTaxAssetsGoodwillAndIntangibleAssets" xlink:label="us-gaap_DeferredTaxAssetsGoodwillAndIntangibleAssets" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_DeferredTaxAssetsGoodwillAndIntangibleAssets-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Goodwill and other intangible assets</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DeferredTaxAssetsGoodwillAndIntangibleAssets" xlink:to="us-gaap_DeferredTaxAssetsGoodwillAndIntangibleAssets-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_NotesReceivableNet" xlink:label="us-gaap_NotesReceivableNet" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_NotesReceivableNet-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_NotesReceivableNet</link:label>
    <link:label xlink:label="us-gaap_NotesReceivableNet-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Financing Receivable, Net</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NotesReceivableNet" xlink:to="us-gaap_NotesReceivableNet-label" xlink:type="arc"/>
    <link:loc xlink:href="ntic-20160831.xsd#ntic_NotesReceivableTerm" xlink:label="ntic_NotesReceivableTerm" xlink:type="locator"/>
    <link:label xlink:label="ntic_NotesReceivableTerm-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ntic_NotesReceivableTerm</link:label>
    <link:label xlink:label="ntic_NotesReceivableTerm-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Notes Receivable Term</link:label>
    <link:label xlink:label="ntic_NotesReceivableTerm-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents the repayment term.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ntic_NotesReceivableTerm" xlink:to="ntic_NotesReceivableTerm-label" xlink:type="arc"/>
    <link:loc xlink:href="ntic-20160831.xsd#ntic_TianjinZerustMember" xlink:label="ntic_TianjinZerustMember" xlink:type="locator"/>
    <link:label xlink:label="ntic_TianjinZerustMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Tianjin Zerust [Member]</link:label>
    <link:label xlink:label="ntic_TianjinZerustMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents the Tianjin Zerust.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ntic_TianjinZerustMember" xlink:to="ntic_TianjinZerustMember-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DeferredTaxAssetsInventory" xlink:label="us-gaap_DeferredTaxAssetsInventory" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_DeferredTaxAssetsInventory-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Inventory costs</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DeferredTaxAssetsInventory" xlink:to="us-gaap_DeferredTaxAssetsInventory-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsOther" xlink:label="us-gaap_DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsOther" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsOther-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other accrued expenses</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsOther" xlink:to="us-gaap_DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsOther-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_StockRepurchasedAndRetiredDuringPeriodShares" xlink:label="us-gaap_StockRepurchasedAndRetiredDuringPeriodShares" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_StockRepurchasedAndRetiredDuringPeriodShares-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_StockRepurchasedAndRetiredDuringPeriodShares</link:label>
    <link:label xlink:label="us-gaap_StockRepurchasedAndRetiredDuringPeriodShares-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Stock Repurchased and Retired During Period, Shares</link:label>
    <link:label xlink:label="us-gaap_StockRepurchasedAndRetiredDuringPeriodShares-label" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Repurchase of common stock (in shares)</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StockRepurchasedAndRetiredDuringPeriodShares" xlink:to="us-gaap_StockRepurchasedAndRetiredDuringPeriodShares-label" xlink:type="arc"/>
    <link:loc xlink:href="ntic-20160831.xsd#ntic_PNCBankMember" xlink:label="ntic_PNCBankMember" xlink:type="locator"/>
    <link:label xlink:label="ntic_PNCBankMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">PNC Bank [Member]</link:label>
    <link:label xlink:label="ntic_PNCBankMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents PNC bank.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ntic_PNCBankMember" xlink:to="ntic_PNCBankMember-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_StockRepurchasedAndRetiredDuringPeriodValue" xlink:label="us-gaap_StockRepurchasedAndRetiredDuringPeriodValue" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_StockRepurchasedAndRetiredDuringPeriodValue-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_StockRepurchasedAndRetiredDuringPeriodValue</link:label>
    <link:label xlink:label="us-gaap_StockRepurchasedAndRetiredDuringPeriodValue-label" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Repurchase of common stock</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StockRepurchasedAndRetiredDuringPeriodValue" xlink:to="us-gaap_StockRepurchasedAndRetiredDuringPeriodValue-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_SalesRevenueNet" xlink:label="us-gaap_SalesRevenueNet" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_SalesRevenueNet-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Total net sales</link:label>
    <link:label xlink:label="us-gaap_SalesRevenueNet-label" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Total net sales</link:label>
    <link:label xlink:label="us-gaap_SalesRevenueNet-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Net sales by segment</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SalesRevenueNet" xlink:to="us-gaap_SalesRevenueNet-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_IncreaseDecreaseInIncomeTaxesReceivable" xlink:label="us-gaap_IncreaseDecreaseInIncomeTaxesReceivable" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_IncreaseDecreaseInIncomeTaxesReceivable-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_IncreaseDecreaseInIncomeTaxesReceivable</link:label>
    <link:label xlink:label="us-gaap_IncreaseDecreaseInIncomeTaxesReceivable-label" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Income taxes</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncreaseDecreaseInIncomeTaxesReceivable" xlink:to="us-gaap_IncreaseDecreaseInIncomeTaxesReceivable-label" xlink:type="arc"/>
    <link:loc xlink:href="ntic-20160831.xsd#ntic_ZerustBrazilMember" xlink:label="ntic_ZerustBrazilMember" xlink:type="locator"/>
    <link:label xlink:label="ntic_ZerustBrazilMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Zerust Brazil [Member]</link:label>
    <link:label xlink:label="ntic_ZerustBrazilMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Information about the entity of Zerust Brazil.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ntic_ZerustBrazilMember" xlink:to="ntic_ZerustBrazilMember-label" xlink:type="arc"/>
    <link:loc xlink:href="ntic-20160831.xsd#ntic_OneYearAfterDateOfGrantMember" xlink:label="ntic_OneYearAfterDateOfGrantMember" xlink:type="locator"/>
    <link:label xlink:label="ntic_OneYearAfterDateOfGrantMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">One Year after Date of Grant [Member]</link:label>
    <link:label xlink:label="ntic_OneYearAfterDateOfGrantMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The vesting term that options become exercisable.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ntic_OneYearAfterDateOfGrantMember" xlink:to="ntic_OneYearAfterDateOfGrantMember-label" xlink:type="arc"/>
    <link:loc xlink:href="ntic-20160831.xsd#ntic_NumberOfJointVentureArrangements" xlink:label="ntic_NumberOfJointVentureArrangements" xlink:type="locator"/>
    <link:label xlink:label="ntic_NumberOfJointVentureArrangements-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ntic_NumberOfJointVentureArrangements</link:label>
    <link:label xlink:label="ntic_NumberOfJointVentureArrangements-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Number of Joint Venture Arrangements</link:label>
    <link:label xlink:label="ntic_NumberOfJointVentureArrangements-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Number of active joint venture arrangements the company participates, either directly or indirectly.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ntic_NumberOfJointVentureArrangements" xlink:to="ntic_NumberOfJointVentureArrangements-label" xlink:type="arc"/>
    <link:loc xlink:href="ntic-20160831.xsd#ntic_ReceivablesFromJointVenturesPolicyPolicyTextBlock" xlink:label="ntic_ReceivablesFromJointVenturesPolicyPolicyTextBlock" xlink:type="locator"/>
    <link:label xlink:label="ntic_ReceivablesFromJointVenturesPolicyPolicyTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Receivables from Joint Ventures Policy [Policy Text Block ]</link:label>
    <link:label xlink:label="ntic_ReceivablesFromJointVenturesPolicyPolicyTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Treatment of any premiums or discounts or unearned income, the entity's income recognition policies for such receivables, including those that are impaired, past due or placed on nonaccrual status and the treatment of foreclosures or repossessions, the nature and amount of any guarantees to repurchase receivables.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ntic_ReceivablesFromJointVenturesPolicyPolicyTextBlock" xlink:to="ntic_ReceivablesFromJointVenturesPolicyPolicyTextBlock-label" xlink:type="arc"/>
    <link:loc xlink:href="ntic-20160831.xsd#ntic_PropertyAndEquipmentUsefulLifeTableTextBlock" xlink:label="ntic_PropertyAndEquipmentUsefulLifeTableTextBlock" xlink:type="locator"/>
    <link:label xlink:label="ntic_PropertyAndEquipmentUsefulLifeTableTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Property and Equipment Useful Life [Table Text Block]</link:label>
    <link:label xlink:label="ntic_PropertyAndEquipmentUsefulLifeTableTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Tabular disclosure of property and equipment useful life.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ntic_PropertyAndEquipmentUsefulLifeTableTextBlock" xlink:to="ntic_PropertyAndEquipmentUsefulLifeTableTextBlock-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost" xlink:label="us-gaap_DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Stock-based compensation</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost" xlink:to="us-gaap_DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsEmployeeCompensation" xlink:label="us-gaap_DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsEmployeeCompensation" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsEmployeeCompensation-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Accrued compensation</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsEmployeeCompensation" xlink:to="us-gaap_DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsEmployeeCompensation-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_StockIssuedDuringPeriodSharesEmployeeStockPurchasePlans" xlink:label="us-gaap_StockIssuedDuringPeriodSharesEmployeeStockPurchasePlans" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_StockIssuedDuringPeriodSharesEmployeeStockPurchasePlans-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Stock issued for employee stock purchase plan (in shares)</link:label>
    <link:label xlink:label="us-gaap_StockIssuedDuringPeriodSharesEmployeeStockPurchasePlans-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Stock Issued During Period, Shares, Employee Stock Purchase Plans</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StockIssuedDuringPeriodSharesEmployeeStockPurchasePlans" xlink:to="us-gaap_StockIssuedDuringPeriodSharesEmployeeStockPurchasePlans-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DeferredTaxAssetsOtherTaxCarryforwards" xlink:label="us-gaap_DeferredTaxAssetsOtherTaxCarryforwards" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_DeferredTaxAssetsOtherTaxCarryforwards-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other credit and loss carryforwards</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DeferredTaxAssetsOtherTaxCarryforwards" xlink:to="us-gaap_DeferredTaxAssetsOtherTaxCarryforwards-label" xlink:type="arc"/>
    <link:loc xlink:href="ntic-20160831.xsd#ntic_NumberOfStockBasedCompensationPlans" xlink:label="ntic_NumberOfStockBasedCompensationPlans" xlink:type="locator"/>
    <link:label xlink:label="ntic_NumberOfStockBasedCompensationPlans-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ntic_NumberOfStockBasedCompensationPlans</link:label>
    <link:label xlink:label="ntic_NumberOfStockBasedCompensationPlans-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Number of Stock-based Compensation Plans</link:label>
    <link:label xlink:label="ntic_NumberOfStockBasedCompensationPlans-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The number of stock-based compensation plans administered by the Compensation Committee of the Board of Directors and the Board of Directors, during the period.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ntic_NumberOfStockBasedCompensationPlans" xlink:to="ntic_NumberOfStockBasedCompensationPlans-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DeferredTaxAssetsCapitalLossCarryforwards" xlink:label="us-gaap_DeferredTaxAssetsCapitalLossCarryforwards" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_DeferredTaxAssetsCapitalLossCarryforwards-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_DeferredTaxAssetsCapitalLossCarryforwards</link:label>
    <link:label xlink:label="us-gaap_DeferredTaxAssetsCapitalLossCarryforwards-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Deferred Tax Assets, Capital Loss Carryforwards</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DeferredTaxAssetsCapitalLossCarryforwards" xlink:to="us-gaap_DeferredTaxAssetsCapitalLossCarryforwards-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_StockIssuedDuringPeriodValueEmployeeStockPurchasePlan" xlink:label="us-gaap_StockIssuedDuringPeriodValueEmployeeStockPurchasePlan" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_StockIssuedDuringPeriodValueEmployeeStockPurchasePlan-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Stock issued for employee stock purchase plan</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StockIssuedDuringPeriodValueEmployeeStockPurchasePlan" xlink:to="us-gaap_StockIssuedDuringPeriodValueEmployeeStockPurchasePlan-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercised" xlink:label="us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercised" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercised-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Options Exercised (in shares)</link:label>
    <link:label xlink:label="us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercised-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period</link:label>
    <link:label xlink:label="us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercised-label" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Number of shares, Options exercised (in shares)</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercised" xlink:to="us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercised-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FairValueOfFinancialInstrumentsPolicy" xlink:label="us-gaap_FairValueOfFinancialInstrumentsPolicy" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_FairValueOfFinancialInstrumentsPolicy-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Fair Value of Financial Instruments, Policy [Policy Text Block]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FairValueOfFinancialInstrumentsPolicy" xlink:to="us-gaap_FairValueOfFinancialInstrumentsPolicy-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_StockIssuedDuringPeriodValueStockOptionsExercised" xlink:label="us-gaap_StockIssuedDuringPeriodValueStockOptionsExercised" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_StockIssuedDuringPeriodValueStockOptionsExercised-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Exercise of stock options</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StockIssuedDuringPeriodValueStockOptionsExercised" xlink:to="us-gaap_StockIssuedDuringPeriodValueStockOptionsExercised-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DeferredTaxAssetsTaxCreditCarryforwardsForeign" xlink:label="us-gaap_DeferredTaxAssetsTaxCreditCarryforwardsForeign" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_DeferredTaxAssetsTaxCreditCarryforwardsForeign-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Foreign tax credit carryforward</link:label>
    <link:label xlink:label="us-gaap_DeferredTaxAssetsTaxCreditCarryforwardsForeign-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Deferred Tax Assets, Tax Credit Carryforwards, Foreign</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DeferredTaxAssetsTaxCreditCarryforwardsForeign" xlink:to="us-gaap_DeferredTaxAssetsTaxCreditCarryforwardsForeign-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_IncreaseDecreaseInReceivablesAbstract" xlink:label="us-gaap_IncreaseDecreaseInReceivablesAbstract" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_IncreaseDecreaseInReceivablesAbstract-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Receivables:</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncreaseDecreaseInReceivablesAbstract" xlink:to="us-gaap_IncreaseDecreaseInReceivablesAbstract-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FairValueDisclosuresTextBlock" xlink:label="us-gaap_FairValueDisclosuresTextBlock" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_FairValueDisclosuresTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Fair Value Disclosures [Text Block]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FairValueDisclosuresTextBlock" xlink:to="us-gaap_FairValueDisclosuresTextBlock-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_AllowanceForDoubtfulAccountsReceivable" xlink:label="us-gaap_AllowanceForDoubtfulAccountsReceivable" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_AllowanceForDoubtfulAccountsReceivable-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_AllowanceForDoubtfulAccountsReceivable</link:label>
    <link:label xlink:label="us-gaap_AllowanceForDoubtfulAccountsReceivable-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Allowance for Doubtful Accounts Receivable</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AllowanceForDoubtfulAccountsReceivable" xlink:to="us-gaap_AllowanceForDoubtfulAccountsReceivable-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DeferredTaxAssetsOperatingLossCarryforwardsSubjectToExpiration" xlink:label="us-gaap_DeferredTaxAssetsOperatingLossCarryforwardsSubjectToExpiration" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_DeferredTaxAssetsOperatingLossCarryforwardsSubjectToExpiration-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_DeferredTaxAssetsOperatingLossCarryforwardsSubjectToExpiration</link:label>
    <link:label xlink:label="us-gaap_DeferredTaxAssetsOperatingLossCarryforwardsSubjectToExpiration-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Deferred Tax Assets, Operating Loss Carryforwards, Subject to Expiration</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DeferredTaxAssetsOperatingLossCarryforwardsSubjectToExpiration" xlink:to="us-gaap_DeferredTaxAssetsOperatingLossCarryforwardsSubjectToExpiration-label" xlink:type="arc"/>
    <link:loc xlink:href="ntic-20160831.xsd#ntic_ConsultingPaymentExpenseMember" xlink:label="ntic_ConsultingPaymentExpenseMember" xlink:type="locator"/>
    <link:label xlink:label="ntic_ConsultingPaymentExpenseMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Consulting Payment Expense [Member]</link:label>
    <link:label xlink:label="ntic_ConsultingPaymentExpenseMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The Expenses related to consulting services.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ntic_ConsultingPaymentExpenseMember" xlink:to="ntic_ConsultingPaymentExpenseMember-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ForeignCurrencyTransactionsAndTranslationsPolicyTextBlock" xlink:label="us-gaap_ForeignCurrencyTransactionsAndTranslationsPolicyTextBlock" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_ForeignCurrencyTransactionsAndTranslationsPolicyTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Foreign Currency Transactions and Translations Policy [Policy Text Block]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ForeignCurrencyTransactionsAndTranslationsPolicyTextBlock" xlink:to="us-gaap_ForeignCurrencyTransactionsAndTranslationsPolicyTextBlock-label" xlink:type="arc"/>
    <link:loc xlink:href="ntic-20160831.xsd#ntic_DefinedContributionPlanMaximumAmountOfEmployeesContributionsPercent" xlink:label="ntic_DefinedContributionPlanMaximumAmountOfEmployeesContributionsPercent" xlink:type="locator"/>
    <link:label xlink:label="ntic_DefinedContributionPlanMaximumAmountOfEmployeesContributionsPercent-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ntic_DefinedContributionPlanMaximumAmountOfEmployeesContributionsPercent</link:label>
    <link:label xlink:label="ntic_DefinedContributionPlanMaximumAmountOfEmployeesContributionsPercent-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Defined Contribution Plan Maximum Amount of Employees Contributions Percent</link:label>
    <link:label xlink:label="ntic_DefinedContributionPlanMaximumAmountOfEmployeesContributionsPercent-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Maximum percentage employer matches of the employee's percentage contribution matched.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ntic_DefinedContributionPlanMaximumAmountOfEmployeesContributionsPercent" xlink:to="ntic_DefinedContributionPlanMaximumAmountOfEmployeesContributionsPercent-label" xlink:type="arc"/>
    <link:loc xlink:href="ntic-20160831.xsd#ntic_RoyaltyPaymentExpenseMember" xlink:label="ntic_RoyaltyPaymentExpenseMember" xlink:type="locator"/>
    <link:label xlink:label="ntic_RoyaltyPaymentExpenseMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Royalty Payment Expense [Member]</link:label>
    <link:label xlink:label="ntic_RoyaltyPaymentExpenseMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Expenses related to the royalties.</link:label>
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    <link:loc xlink:href="ntic-20160831.xsd#ntic_BioplasticPolymersLLCMember" xlink:label="ntic_BioplasticPolymersLLCMember" xlink:type="locator"/>
    <link:label xlink:label="ntic_BioplasticPolymersLLCMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Bioplastic Polymers LLC [Member]</link:label>
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    <link:loc xlink:href="ntic-20160831.xsd#ntic_FederalAndStateTaxMember" xlink:label="ntic_FederalAndStateTaxMember" xlink:type="locator"/>
    <link:label xlink:label="ntic_FederalAndStateTaxMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Federal and State Tax [Member]</link:label>
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod" xlink:type="locator"/>
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    <link:label xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod-label" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Number of shares, Options terminated (in shares)</link:label>
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_IncreaseDecreaseInInventories" xlink:label="us-gaap_IncreaseDecreaseInInventories" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_IncreaseDecreaseInInventories-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_IncreaseDecreaseInInventories</link:label>
    <link:label xlink:label="us-gaap_IncreaseDecreaseInInventories-label" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Inventories</link:label>
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    <link:label xlink:label="us-gaap_EquityMethodInvestmentSummarizedFinancialInformationGrossProfitLoss-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_EquityMethodInvestmentSummarizedFinancialInformationGrossProfitLoss</link:label>
    <link:label xlink:label="us-gaap_EquityMethodInvestmentSummarizedFinancialInformationGrossProfitLoss-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Gross profit</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_EquityMethodInvestmentSummarizedFinancialInformationGrossProfitLoss" xlink:to="us-gaap_EquityMethodInvestmentSummarizedFinancialInformationGrossProfitLoss-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Number of shares, Options granted (in shares)</link:label>
    <link:label xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross" xlink:to="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_EquityMethodInvestmentSummarizedFinancialInformationRevenue" xlink:label="us-gaap_EquityMethodInvestmentSummarizedFinancialInformationRevenue" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_EquityMethodInvestmentSummarizedFinancialInformationRevenue-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_EquityMethodInvestmentSummarizedFinancialInformationRevenue</link:label>
    <link:label xlink:label="us-gaap_EquityMethodInvestmentSummarizedFinancialInformationRevenue-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Net sales</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_EquityMethodInvestmentSummarizedFinancialInformationRevenue" xlink:to="us-gaap_EquityMethodInvestmentSummarizedFinancialInformationRevenue-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_IncomeTaxPolicyTextBlock" xlink:label="us-gaap_IncomeTaxPolicyTextBlock" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_IncomeTaxPolicyTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Income Tax, Policy [Policy Text Block]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncomeTaxPolicyTextBlock" xlink:to="us-gaap_IncomeTaxPolicyTextBlock-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DeferredTaxLiabilitiesOther" xlink:label="us-gaap_DeferredTaxLiabilitiesOther" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_DeferredTaxLiabilitiesOther-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_DeferredTaxLiabilitiesOther</link:label>
    <link:label xlink:label="us-gaap_DeferredTaxLiabilitiesOther-label" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Other</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DeferredTaxLiabilitiesOther" xlink:to="us-gaap_DeferredTaxLiabilitiesOther-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_EquityMethodInvestmentSummarizedFinancialInformationEquity" xlink:label="us-gaap_EquityMethodInvestmentSummarizedFinancialInformationEquity" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_EquityMethodInvestmentSummarizedFinancialInformationEquity-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Joint ventures&#8217; equity</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_EquityMethodInvestmentSummarizedFinancialInformationEquity" xlink:to="us-gaap_EquityMethodInvestmentSummarizedFinancialInformationEquity-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_EquityMethodInvestmentSummarizedFinancialInformationCurrentLiabilities" xlink:label="us-gaap_EquityMethodInvestmentSummarizedFinancialInformationCurrentLiabilities" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_EquityMethodInvestmentSummarizedFinancialInformationCurrentLiabilities-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_EquityMethodInvestmentSummarizedFinancialInformationCurrentLiabilities</link:label>
    <link:label xlink:label="us-gaap_EquityMethodInvestmentSummarizedFinancialInformationCurrentLiabilities-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Current liabilities</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_EquityMethodInvestmentSummarizedFinancialInformationCurrentLiabilities" xlink:to="us-gaap_EquityMethodInvestmentSummarizedFinancialInformationCurrentLiabilities-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_EquityMethodInvestmentSummarizedFinancialInformationNoncurrentLiabilities" xlink:label="us-gaap_EquityMethodInvestmentSummarizedFinancialInformationNoncurrentLiabilities" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_EquityMethodInvestmentSummarizedFinancialInformationNoncurrentLiabilities-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_EquityMethodInvestmentSummarizedFinancialInformationNoncurrentLiabilities</link:label>
    <link:label xlink:label="us-gaap_EquityMethodInvestmentSummarizedFinancialInformationNoncurrentLiabilities-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Noncurrent liabilities</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_EquityMethodInvestmentSummarizedFinancialInformationNoncurrentLiabilities" xlink:to="us-gaap_EquityMethodInvestmentSummarizedFinancialInformationNoncurrentLiabilities-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_LiabilitiesAndStockholdersEquity" xlink:label="us-gaap_LiabilitiesAndStockholdersEquity" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_LiabilitiesAndStockholdersEquity-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_LiabilitiesAndStockholdersEquity</link:label>
    <link:label xlink:label="us-gaap_LiabilitiesAndStockholdersEquity-label" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Total liabilities and equity</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LiabilitiesAndStockholdersEquity" xlink:to="us-gaap_LiabilitiesAndStockholdersEquity-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ResearchDevelopmentAndComputerSoftwarePolicyTextBlock" xlink:label="us-gaap_ResearchDevelopmentAndComputerSoftwarePolicyTextBlock" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_ResearchDevelopmentAndComputerSoftwarePolicyTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Research, Development, and Computer Software, Policy [Policy Text Block]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ResearchDevelopmentAndComputerSoftwarePolicyTextBlock" xlink:to="us-gaap_ResearchDevelopmentAndComputerSoftwarePolicyTextBlock-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_UndistributedEarningsOfForeignSubsidiaries" xlink:label="us-gaap_UndistributedEarningsOfForeignSubsidiaries" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_UndistributedEarningsOfForeignSubsidiaries-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_UndistributedEarningsOfForeignSubsidiaries</link:label>
    <link:label xlink:label="us-gaap_UndistributedEarningsOfForeignSubsidiaries-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Undistributed Earnings of Foreign Subsidiaries</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_UndistributedEarningsOfForeignSubsidiaries" xlink:to="us-gaap_UndistributedEarningsOfForeignSubsidiaries-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_EquityMethodInvestmentSummarizedFinancialInformationAssets" xlink:label="us-gaap_EquityMethodInvestmentSummarizedFinancialInformationAssets" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_EquityMethodInvestmentSummarizedFinancialInformationAssets-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_EquityMethodInvestmentSummarizedFinancialInformationAssets</link:label>
    <link:label xlink:label="us-gaap_EquityMethodInvestmentSummarizedFinancialInformationAssets-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Total assets</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_EquityMethodInvestmentSummarizedFinancialInformationAssets" xlink:to="us-gaap_EquityMethodInvestmentSummarizedFinancialInformationAssets-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_EquityMethodInvestmentSummarizedFinancialInformationCurrentAssets" xlink:label="us-gaap_EquityMethodInvestmentSummarizedFinancialInformationCurrentAssets" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_EquityMethodInvestmentSummarizedFinancialInformationCurrentAssets-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_EquityMethodInvestmentSummarizedFinancialInformationCurrentAssets</link:label>
    <link:label xlink:label="us-gaap_EquityMethodInvestmentSummarizedFinancialInformationCurrentAssets-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Current assets</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_EquityMethodInvestmentSummarizedFinancialInformationCurrentAssets" xlink:to="us-gaap_EquityMethodInvestmentSummarizedFinancialInformationCurrentAssets-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_RetainedEarningsAccumulatedDeficit" xlink:label="us-gaap_RetainedEarningsAccumulatedDeficit" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_RetainedEarningsAccumulatedDeficit-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Retained earnings</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RetainedEarningsAccumulatedDeficit" xlink:to="us-gaap_RetainedEarningsAccumulatedDeficit-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax" xlink:label="us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Accumulated other comprehensive loss</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax" xlink:to="us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_EquityAbstract" xlink:label="us-gaap_EquityAbstract" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_EquityAbstract-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">EQUITY:</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_EquityAbstract" xlink:to="us-gaap_EquityAbstract-label" xlink:type="arc"/>
    <link:loc xlink:href="ntic-20160831.xsd#ntic_DeferredJointVenturesExpenses" xlink:label="ntic_DeferredJointVenturesExpenses" xlink:type="locator"/>
    <link:label xlink:label="ntic_DeferredJointVenturesExpenses-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Accrued joint venture expenses</link:label>
    <link:label xlink:label="ntic_DeferredJointVenturesExpenses-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Amount before allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences from deferred joint venture expenses</link:label>
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    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShareBasedCompensationOptionAndIncentivePlansPolicy" xlink:to="us-gaap_ShareBasedCompensationOptionAndIncentivePlansPolicy-label" xlink:type="arc"/>
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    <link:label xlink:label="ntic_Fiscal2016BonusPlanMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Fiscal 2016 Bonus Plan [Member]</link:label>
    <link:label xlink:label="ntic_Fiscal2016BonusPlanMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The Fiscal 2016 Bonus Plan.</link:label>
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_TreasuryStockAcquiredAverageCostPerShare" xlink:label="us-gaap_TreasuryStockAcquiredAverageCostPerShare" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_TreasuryStockAcquiredAverageCostPerShare-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_TreasuryStockAcquiredAverageCostPerShare</link:label>
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1" xlink:label="us-gaap_StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1" xlink:type="locator"/>
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    <link:loc xlink:href="ntic-20160831.xsd#ntic_ExercisedMember" xlink:label="ntic_ExercisedMember" xlink:type="locator"/>
    <link:label xlink:label="ntic_ExercisedMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Exercised [Member]</link:label>
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    <link:label xlink:label="us-gaap_StockRepurchaseProgramAuthorizedAmount1-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_StockRepurchaseProgramAuthorizedAmount1</link:label>
    <link:label xlink:label="us-gaap_StockRepurchaseProgramAuthorizedAmount1-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Stock Repurchase Program, Authorized Amount</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StockRepurchaseProgramAuthorizedAmount1" xlink:to="us-gaap_StockRepurchaseProgramAuthorizedAmount1-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_AssetsNoncurrent" xlink:label="us-gaap_AssetsNoncurrent" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_AssetsNoncurrent-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_AssetsNoncurrent</link:label>
    <link:label xlink:label="us-gaap_AssetsNoncurrent-label" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Total other assets</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AssetsNoncurrent" xlink:to="us-gaap_AssetsNoncurrent-label" xlink:type="arc"/>
    <link:loc xlink:href="ntic-20160831.xsd#ntic_JPMorganChaseBankMember" xlink:label="ntic_JPMorganChaseBankMember" xlink:type="locator"/>
    <link:label xlink:label="ntic_JPMorganChaseBankMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">JP Morgan Chase Bank [Member]</link:label>
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_CurrentStateAndLocalTaxExpenseBenefit" xlink:label="us-gaap_CurrentStateAndLocalTaxExpenseBenefit" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_CurrentStateAndLocalTaxExpenseBenefit-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">State</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CurrentStateAndLocalTaxExpenseBenefit" xlink:to="us-gaap_CurrentStateAndLocalTaxExpenseBenefit-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DeferredStateAndLocalIncomeTaxExpenseBenefit" xlink:label="us-gaap_DeferredStateAndLocalIncomeTaxExpenseBenefit" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_DeferredStateAndLocalIncomeTaxExpenseBenefit-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_DeferredStateAndLocalIncomeTaxExpenseBenefit</link:label>
    <link:label xlink:label="us-gaap_DeferredStateAndLocalIncomeTaxExpenseBenefit-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">State</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DeferredStateAndLocalIncomeTaxExpenseBenefit" xlink:to="us-gaap_DeferredStateAndLocalIncomeTaxExpenseBenefit-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.sec.gov/country/2013/country-2013-01-31.xsd#country_BR" xlink:label="country_BR" xlink:type="locator"/>
    <link:label xlink:label="country_BR-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">BRAZIL</link:label>
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    <link:label xlink:label="us-gaap_CurrentForeignTaxExpenseBenefit-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Foreign</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CurrentForeignTaxExpenseBenefit" xlink:to="us-gaap_CurrentForeignTaxExpenseBenefit-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DeferredForeignIncomeTaxExpenseBenefit" xlink:label="us-gaap_DeferredForeignIncomeTaxExpenseBenefit" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_DeferredForeignIncomeTaxExpenseBenefit-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_DeferredForeignIncomeTaxExpenseBenefit</link:label>
    <link:label xlink:label="us-gaap_DeferredForeignIncomeTaxExpenseBenefit-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Foreign</link:label>
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_CurrentFederalTaxExpenseBenefit" xlink:label="us-gaap_CurrentFederalTaxExpenseBenefit" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_CurrentFederalTaxExpenseBenefit-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Federal</link:label>
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DeferredFederalIncomeTaxExpenseBenefit" xlink:label="us-gaap_DeferredFederalIncomeTaxExpenseBenefit" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_DeferredFederalIncomeTaxExpenseBenefit-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_DeferredFederalIncomeTaxExpenseBenefit</link:label>
    <link:label xlink:label="us-gaap_DeferredFederalIncomeTaxExpenseBenefit-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Federal</link:label>
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    <link:label xlink:label="us-gaap_RevenueRecognitionDeferredRevenue-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Revenue Recognition, Deferred Revenue [Policy Text Block]</link:label>
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    <link:label xlink:label="us-gaap_StatementOfIncomeAndComprehensiveIncomeAbstract-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Statement of Comprehensive Income [Abstract]</link:label>
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    <link:label xlink:label="us-gaap_CurrentIncomeTaxExpenseBenefit-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_CurrentIncomeTaxExpenseBenefit</link:label>
    <link:label xlink:label="us-gaap_CurrentIncomeTaxExpenseBenefit-label" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Total current</link:label>
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DeferredIncomeTaxExpenseBenefitContinuingOperationsAbstract" xlink:label="us-gaap_DeferredIncomeTaxExpenseBenefitContinuingOperationsAbstract" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_DeferredIncomeTaxExpenseBenefitContinuingOperationsAbstract-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Deferred:</link:label>
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DeferredIncomeTaxExpenseBenefit" xlink:label="us-gaap_DeferredIncomeTaxExpenseBenefit" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_DeferredIncomeTaxExpenseBenefit-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_DeferredIncomeTaxExpenseBenefit</link:label>
    <link:label xlink:label="us-gaap_DeferredIncomeTaxExpenseBenefit-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Deferred Income Tax Expense (Benefit)</link:label>
    <link:label xlink:label="us-gaap_DeferredIncomeTaxExpenseBenefit-label" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Total deferred</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DeferredIncomeTaxExpenseBenefit" xlink:to="us-gaap_DeferredIncomeTaxExpenseBenefit-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.sec.gov/country/2013/country-2013-01-31.xsd#country_CN" xlink:label="country_CN" xlink:type="locator"/>
    <link:label xlink:label="country_CN-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">CHINA</link:label>
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_CurrentIncomeTaxExpenseBenefitContinuingOperationsAbstract" xlink:label="us-gaap_CurrentIncomeTaxExpenseBenefitContinuingOperationsAbstract" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_CurrentIncomeTaxExpenseBenefitContinuingOperationsAbstract-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Current:</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CurrentIncomeTaxExpenseBenefitContinuingOperationsAbstract" xlink:to="us-gaap_CurrentIncomeTaxExpenseBenefitContinuingOperationsAbstract-label" xlink:type="arc"/>
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    <link:label xlink:label="country_CZ-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">CZECH REPUBLIC</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="country_CZ" xlink:to="country_CZ-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.sec.gov/country/2013/country-2013-01-31.xsd#country_DE" xlink:label="country_DE" xlink:type="locator"/>
    <link:label xlink:label="country_DE-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">GERMANY</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="country_DE" xlink:to="country_DE-label" xlink:type="arc"/>
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    <link:label xlink:label="us-gaap_ShareBasedCompensation-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_ShareBasedCompensation</link:label>
    <link:label xlink:label="us-gaap_ShareBasedCompensation-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Stock-based compensation</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShareBasedCompensation" xlink:to="us-gaap_ShareBasedCompensation-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_StockOptionPlanExpense" xlink:label="us-gaap_StockOptionPlanExpense" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_StockOptionPlanExpense-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_StockOptionPlanExpense</link:label>
    <link:label xlink:label="us-gaap_StockOptionPlanExpense-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Stock or Unit Option Plan Expense</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StockOptionPlanExpense" xlink:to="us-gaap_StockOptionPlanExpense-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.sec.gov/country/2013/country-2013-01-31.xsd#country_FI" xlink:label="country_FI" xlink:type="locator"/>
    <link:label xlink:label="country_FI-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">FINLAND</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="country_FI" xlink:to="country_FI-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_OtherAssetsNoncurrent" xlink:label="us-gaap_OtherAssetsNoncurrent" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_OtherAssetsNoncurrent-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OtherAssetsNoncurrent" xlink:to="us-gaap_OtherAssetsNoncurrent-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.sec.gov/country/2013/country-2013-01-31.xsd#country_FR" xlink:label="country_FR" xlink:type="locator"/>
    <link:label xlink:label="country_FR-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">FRANCE</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="country_FR" xlink:to="country_FR-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.sec.gov/country/2013/country-2013-01-31.xsd#country_GB" xlink:label="country_GB" xlink:type="locator"/>
    <link:label xlink:label="country_GB-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">UNITED KINGDOM</link:label>
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_StockholdersEquityPolicyTextBlock" xlink:label="us-gaap_StockholdersEquityPolicyTextBlock" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_StockholdersEquityPolicyTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Stockholders' Equity, Policy [Policy Text Block]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StockholdersEquityPolicyTextBlock" xlink:to="us-gaap_StockholdersEquityPolicyTextBlock-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_AdjustmentForAmortization" xlink:label="us-gaap_AdjustmentForAmortization" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_AdjustmentForAmortization-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_AdjustmentForAmortization</link:label>
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    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AdjustmentForAmortization" xlink:to="us-gaap_AdjustmentForAmortization-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_CommonStockValue" xlink:label="us-gaap_CommonStockValue" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_CommonStockValue-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Common stock, $0.02 par value per share; authorized 10,000,000 shares; issued and outstanding 4,533,416 and 4,539,045, respectively</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CommonStockValue" xlink:to="us-gaap_CommonStockValue-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_TableTextBlock" xlink:label="us-gaap_TableTextBlock" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_TableTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_TableTextBlock</link:label>
    <link:label xlink:label="us-gaap_TableTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Notes Tables</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_TableTextBlock" xlink:to="us-gaap_TableTextBlock-label" xlink:type="arc"/>
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    <link:label xlink:label="us-gaap_CommonStockSharesIssued-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Common stock, shares issued (in shares)</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CommonStockSharesIssued" xlink:to="us-gaap_CommonStockSharesIssued-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_CommonStockSharesAuthorized" xlink:label="us-gaap_CommonStockSharesAuthorized" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_CommonStockSharesAuthorized-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Common stock, shares authorized (in shares)</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CommonStockSharesAuthorized" xlink:to="us-gaap_CommonStockSharesAuthorized-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_AmendmentFlag" xlink:label="dei_AmendmentFlag" xlink:type="locator"/>
    <link:label xlink:label="dei_AmendmentFlag-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Amendment Flag</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_AmendmentFlag" xlink:to="dei_AmendmentFlag-label" xlink:type="arc"/>
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    <link:label xlink:label="us-gaap_CommonStockParOrStatedValuePerShare-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Common stock par value (in dollars per share)</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CommonStockParOrStatedValuePerShare" xlink:to="us-gaap_CommonStockParOrStatedValuePerShare-label" xlink:type="arc"/>
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    <link:label xlink:label="us-gaap_Depreciation-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_Depreciation</link:label>
    <link:label xlink:label="us-gaap_Depreciation-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Depreciation expense</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_Depreciation" xlink:to="us-gaap_Depreciation-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_RevenuesAbstract" xlink:label="us-gaap_RevenuesAbstract" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_RevenuesAbstract-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">NET SALES:</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RevenuesAbstract" xlink:to="us-gaap_RevenuesAbstract-label" xlink:type="arc"/>
    <link:loc xlink:href="ntic-20160831.xsd#ntic_DeferredTaxExpensesRelatedToUndistributedEarningsOfForeignJointVenturesMember" xlink:label="ntic_DeferredTaxExpensesRelatedToUndistributedEarningsOfForeignJointVenturesMember" xlink:type="locator"/>
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    <link:label xlink:label="us-gaap_AssetsCurrent-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_AssetsCurrent</link:label>
    <link:label xlink:label="us-gaap_AssetsCurrent-label" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Total current assets</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AssetsCurrent" xlink:to="us-gaap_AssetsCurrent-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_IntangibleAssetsFiniteLivedPolicy" xlink:label="us-gaap_IntangibleAssetsFiniteLivedPolicy" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_IntangibleAssetsFiniteLivedPolicy-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Intangible Assets, Finite-Lived, Policy [Policy Text Block]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IntangibleAssetsFiniteLivedPolicy" xlink:to="us-gaap_IntangibleAssetsFiniteLivedPolicy-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.sec.gov/country/2013/country-2013-01-31.xsd#country_IN" xlink:label="country_IN" xlink:type="locator"/>
    <link:label xlink:label="country_IN-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">INDIA</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="country_IN" xlink:to="country_IN-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_OtherNonoperatingIncomeExpense" xlink:label="us-gaap_OtherNonoperatingIncomeExpense" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_OtherNonoperatingIncomeExpense-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">OTHER INCOME</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OtherNonoperatingIncomeExpense" xlink:to="us-gaap_OtherNonoperatingIncomeExpense-label" xlink:type="arc"/>
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    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ImpairmentOrDisposalOfLongLivedAssetsPolicyTextBlock" xlink:to="us-gaap_ImpairmentOrDisposalOfLongLivedAssetsPolicyTextBlock-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ForeignCountryMember" xlink:label="us-gaap_ForeignCountryMember" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_ForeignCountryMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Foreign Tax Authority [Member]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ForeignCountryMember" xlink:to="us-gaap_ForeignCountryMember-label" xlink:type="arc"/>
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    <link:label xlink:label="us-gaap_PreferredStockValue-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Preferred stock, no par value; authorized 10,000 shares; none issued and outstanding</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PreferredStockValue" xlink:to="us-gaap_PreferredStockValue-label" xlink:type="arc"/>
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    <link:label xlink:label="us-gaap_IncomeTaxAuthorityDomain-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Income Tax Authority [Domain]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncomeTaxAuthorityDomain" xlink:to="us-gaap_IncomeTaxAuthorityDomain-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_CurrentFiscalYearEndDate" xlink:label="dei_CurrentFiscalYearEndDate" xlink:type="locator"/>
    <link:label xlink:label="dei_CurrentFiscalYearEndDate-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Current Fiscal Year End Date</link:label>
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    <link:label xlink:label="us-gaap_IncomeTaxesReceivable-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Income taxes</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncomeTaxesReceivable" xlink:to="us-gaap_IncomeTaxesReceivable-label" xlink:type="arc"/>
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    <link:label xlink:label="us-gaap_IncomeTaxAuthorityAxis-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Income Tax Authority [Axis]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncomeTaxAuthorityAxis" xlink:to="us-gaap_IncomeTaxAuthorityAxis-label" xlink:type="arc"/>
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    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PreferredStockSharesIssued" xlink:to="us-gaap_PreferredStockSharesIssued-label" xlink:type="arc"/>
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    <link:label xlink:label="us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Adjustments to reconcile net (loss) income to net cash (used in) provided by operating activities:</link:label>
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    <link:loc xlink:href="http://xbrl.sec.gov/country/2013/country-2013-01-31.xsd#country_JP" xlink:label="country_JP" xlink:type="locator"/>
    <link:label xlink:label="country_JP-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">JAPAN</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="country_JP" xlink:to="country_JP-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_StatementOfFinancialPositionAbstract" xlink:label="us-gaap_StatementOfFinancialPositionAbstract" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_StatementOfFinancialPositionAbstract-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Statement of Financial Position [Abstract]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StatementOfFinancialPositionAbstract" xlink:to="us-gaap_StatementOfFinancialPositionAbstract-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PreferredStockSharesAuthorized" xlink:label="us-gaap_PreferredStockSharesAuthorized" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_PreferredStockSharesAuthorized-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Preferred stock, shares authorized (in shares)</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PreferredStockSharesAuthorized" xlink:to="us-gaap_PreferredStockSharesAuthorized-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_DocumentFiscalPeriodFocus" xlink:label="dei_DocumentFiscalPeriodFocus" xlink:type="locator"/>
    <link:label xlink:label="dei_DocumentFiscalPeriodFocus-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Document Fiscal Period Focus</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentFiscalPeriodFocus" xlink:to="dei_DocumentFiscalPeriodFocus-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PreferredStockNoParValue" xlink:label="us-gaap_PreferredStockNoParValue" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_PreferredStockNoParValue-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Preferred stock, par value (in dollars per share)</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PreferredStockNoParValue" xlink:to="us-gaap_PreferredStockNoParValue-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_DocumentFiscalYearFocus" xlink:label="dei_DocumentFiscalYearFocus" xlink:type="locator"/>
    <link:label xlink:label="dei_DocumentFiscalYearFocus-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Document Fiscal Year Focus</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentFiscalYearFocus" xlink:to="dei_DocumentFiscalYearFocus-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_InvestmentIncomeInterest" xlink:label="us-gaap_InvestmentIncomeInterest" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_InvestmentIncomeInterest-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">INTEREST INCOME</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InvestmentIncomeInterest" xlink:to="us-gaap_InvestmentIncomeInterest-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_DocumentPeriodEndDate" xlink:label="dei_DocumentPeriodEndDate" xlink:type="locator"/>
    <link:label xlink:label="dei_DocumentPeriodEndDate-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Document Period End Date</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentPeriodEndDate" xlink:to="dei_DocumentPeriodEndDate-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.sec.gov/country/2013/country-2013-01-31.xsd#country_KR" xlink:label="country_KR" xlink:type="locator"/>
    <link:label xlink:label="country_KR-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">KOREA, REPUBLIC OF</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="country_KR" xlink:to="country_KR-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_DocumentType" xlink:label="dei_DocumentType" xlink:type="locator"/>
    <link:label xlink:label="dei_DocumentType-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Document Type</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentType" xlink:to="dei_DocumentType-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_OperatingIncomeLoss" xlink:label="us-gaap_OperatingIncomeLoss" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_OperatingIncomeLoss-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">OPERATING INCOME</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingIncomeLoss" xlink:to="us-gaap_OperatingIncomeLoss-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_StatementOfCashFlowsAbstract" xlink:label="us-gaap_StatementOfCashFlowsAbstract" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_StatementOfCashFlowsAbstract-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Statement of Cash Flows [Abstract]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StatementOfCashFlowsAbstract" xlink:to="us-gaap_StatementOfCashFlowsAbstract-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_UnrecognizedTaxBenefits" xlink:label="us-gaap_UnrecognizedTaxBenefits" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_UnrecognizedTaxBenefits-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_UnrecognizedTaxBenefits</link:label>
    <link:label xlink:label="us-gaap_UnrecognizedTaxBenefits-label" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xml:lang="en-US">Gross unrecognized tax benefits &#8211; beginning balance</link:label>
    <link:label xlink:label="us-gaap_UnrecognizedTaxBenefits-label" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xml:lang="en-US">Gross unrecognized tax benefits &#8211; ending balance</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_UnrecognizedTaxBenefits" xlink:to="us-gaap_UnrecognizedTaxBenefits-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_GrossProfit" xlink:label="us-gaap_GrossProfit" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_GrossProfit-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_GrossProfit</link:label>
    <link:label xlink:label="us-gaap_GrossProfit-label" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Gross profit</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_GrossProfit" xlink:to="us-gaap_GrossProfit-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_OtherOperatingIncome" xlink:label="us-gaap_OtherOperatingIncome" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_OtherOperatingIncome-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_OtherOperatingIncome</link:label>
    <link:label xlink:label="us-gaap_OtherOperatingIncome-label" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Total joint venture operations</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OtherOperatingIncome" xlink:to="us-gaap_OtherOperatingIncome-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_OtherCostOfOperatingRevenue" xlink:label="us-gaap_OtherCostOfOperatingRevenue" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_OtherCostOfOperatingRevenue-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Expenses incurred in support of joint ventures</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OtherCostOfOperatingRevenue" xlink:to="us-gaap_OtherCostOfOperatingRevenue-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_StatementOfStockholdersEquityAbstract" xlink:label="us-gaap_StatementOfStockholdersEquityAbstract" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_StatementOfStockholdersEquityAbstract-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Statement of Stockholders' Equity [Abstract]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StatementOfStockholdersEquityAbstract" xlink:to="us-gaap_StatementOfStockholdersEquityAbstract-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_DocumentInformationLineItems" xlink:label="dei_DocumentInformationLineItems" xlink:type="locator"/>
    <link:label xlink:label="dei_DocumentInformationLineItems-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Document Information [Line Items]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentInformationLineItems" xlink:to="dei_DocumentInformationLineItems-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_DocumentInformationTable" xlink:label="dei_DocumentInformationTable" xlink:type="locator"/>
    <link:label xlink:label="dei_DocumentInformationTable-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Document Information [Table]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentInformationTable" xlink:to="dei_DocumentInformationTable-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityPublicFloat" xlink:label="dei_EntityPublicFloat" xlink:type="locator"/>
    <link:label xlink:label="dei_EntityPublicFloat-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entity Public Float</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityPublicFloat" xlink:to="dei_EntityPublicFloat-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_InterestPaidNet" xlink:label="us-gaap_InterestPaidNet" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_InterestPaidNet-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Cash paid during the year for interest</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InterestPaidNet" xlink:to="us-gaap_InterestPaidNet-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityFilerCategory" xlink:label="dei_EntityFilerCategory" xlink:type="locator"/>
    <link:label xlink:label="dei_EntityFilerCategory-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entity Filer Category</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityFilerCategory" xlink:to="dei_EntityFilerCategory-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PropertyPlantAndEquipmentUsefulLife" xlink:label="us-gaap_PropertyPlantAndEquipmentUsefulLife" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_PropertyPlantAndEquipmentUsefulLife-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Property and equipment</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PropertyPlantAndEquipmentUsefulLife" xlink:to="us-gaap_PropertyPlantAndEquipmentUsefulLife-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityCurrentReportingStatus" xlink:label="dei_EntityCurrentReportingStatus" xlink:type="locator"/>
    <link:label xlink:label="dei_EntityCurrentReportingStatus-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entity Current Reporting Status</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityCurrentReportingStatus" xlink:to="dei_EntityCurrentReportingStatus-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_OperatingLeasesFutureMinimumPaymentsDue" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsDue" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsDue-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_OperatingLeasesFutureMinimumPaymentsDue</link:label>
    <link:label xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsDue-label" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Total future minimum payments due</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingLeasesFutureMinimumPaymentsDue" xlink:to="us-gaap_OperatingLeasesFutureMinimumPaymentsDue-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityVoluntaryFilers" xlink:label="dei_EntityVoluntaryFilers" xlink:type="locator"/>
    <link:label xlink:label="dei_EntityVoluntaryFilers-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entity Voluntary Filers</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityVoluntaryFilers" xlink:to="dei_EntityVoluntaryFilers-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions" xlink:label="us-gaap_UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions</link:label>
    <link:label xlink:label="us-gaap_UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Gross increases &#8211; current period tax positions</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions" xlink:to="us-gaap_UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityWellKnownSeasonedIssuer" xlink:label="dei_EntityWellKnownSeasonedIssuer" xlink:type="locator"/>
    <link:label xlink:label="dei_EntityWellKnownSeasonedIssuer-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entity Well-known Seasoned Issuer</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityWellKnownSeasonedIssuer" xlink:to="dei_EntityWellKnownSeasonedIssuer-label" xlink:type="arc"/>
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    <link:label xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsDueThereafter-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Thereafter</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingLeasesFutureMinimumPaymentsDueThereafter" xlink:to="us-gaap_OperatingLeasesFutureMinimumPaymentsDueThereafter-label" xlink:type="arc"/>
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    <link:label xlink:label="us-gaap_UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions</link:label>
    <link:label xlink:label="us-gaap_UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Gross increases - prior period tax positions</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions" xlink:to="us-gaap_UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_OperatingLeasesFutureMinimumPaymentsDueInFourYears" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsDueInFourYears" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsDueInFourYears-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">FY 2020</link:label>
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    <link:label xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsDueInFiveYears-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">FY 2021</link:label>
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PrepaidExpenseCurrent" xlink:label="us-gaap_PrepaidExpenseCurrent" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_PrepaidExpenseCurrent-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Prepaid expenses</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PrepaidExpenseCurrent" xlink:to="us-gaap_PrepaidExpenseCurrent-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_OperatingLeasesFutureMinimumPaymentsDueInTwoYears" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsDueInTwoYears" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsDueInTwoYears-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">FY 2018</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingLeasesFutureMinimumPaymentsDueInTwoYears" xlink:to="us-gaap_OperatingLeasesFutureMinimumPaymentsDueInTwoYears-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_OperatingLeasesFutureMinimumPaymentsDueInThreeYears" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsDueInThreeYears" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsDueInThreeYears-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">FY 2019</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingLeasesFutureMinimumPaymentsDueInThreeYears" xlink:to="us-gaap_OperatingLeasesFutureMinimumPaymentsDueInThreeYears-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_OperatingLeasesFutureMinimumPaymentsDueCurrent" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsDueCurrent" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsDueCurrent-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">FY 2017</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingLeasesFutureMinimumPaymentsDueCurrent" xlink:to="us-gaap_OperatingLeasesFutureMinimumPaymentsDueCurrent-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_MinorityInterest" xlink:label="us-gaap_MinorityInterest" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_MinorityInterest-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Non-controlling interests</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_MinorityInterest" xlink:to="us-gaap_MinorityInterest-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_BuildingAndBuildingImprovementsMember" xlink:label="us-gaap_BuildingAndBuildingImprovementsMember" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_BuildingAndBuildingImprovementsMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Building and Building Improvements [Member]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_BuildingAndBuildingImprovementsMember" xlink:to="us-gaap_BuildingAndBuildingImprovementsMember-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_InventoryNet" xlink:label="us-gaap_InventoryNet" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_InventoryNet-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_InventoryNet</link:label>
    <link:label xlink:label="us-gaap_InventoryNet-label" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Inventories</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InventoryNet" xlink:to="us-gaap_InventoryNet-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityCentralIndexKey" xlink:label="dei_EntityCentralIndexKey" xlink:type="locator"/>
    <link:label xlink:label="dei_EntityCentralIndexKey-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entity Central Index Key</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityCentralIndexKey" xlink:to="dei_EntityCentralIndexKey-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityRegistrantName" xlink:label="dei_EntityRegistrantName" xlink:type="locator"/>
    <link:label xlink:label="dei_EntityRegistrantName-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entity Registrant Name</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityRegistrantName" xlink:to="dei_EntityRegistrantName-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityDomain" xlink:label="dei_EntityDomain" xlink:type="locator"/>
    <link:label xlink:label="dei_EntityDomain-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entity [Domain]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityDomain" xlink:to="dei_EntityDomain-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_LegalEntityAxis" xlink:label="dei_LegalEntityAxis" xlink:type="locator"/>
    <link:label xlink:label="dei_LegalEntityAxis-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Legal Entity [Axis]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_LegalEntityAxis" xlink:to="dei_LegalEntityAxis-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_SummaryOfIncomeTaxContingenciesTextBlock" xlink:label="us-gaap_SummaryOfIncomeTaxContingenciesTextBlock" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_SummaryOfIncomeTaxContingenciesTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Summary of Income Tax Contingencies [Table Text Block]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SummaryOfIncomeTaxContingenciesTextBlock" xlink:to="us-gaap_SummaryOfIncomeTaxContingenciesTextBlock-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PropertyPlantAndEquipmentByTypeAxis" xlink:label="us-gaap_PropertyPlantAndEquipmentByTypeAxis" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_PropertyPlantAndEquipmentByTypeAxis-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Property, Plant and Equipment, Type [Axis]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PropertyPlantAndEquipmentByTypeAxis" xlink:to="us-gaap_PropertyPlantAndEquipmentByTypeAxis-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_InventoryGross" xlink:label="us-gaap_InventoryGross" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_InventoryGross-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Inventories</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InventoryGross" xlink:to="us-gaap_InventoryGross-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PropertyPlantAndEquipmentTypeDomain" xlink:label="us-gaap_PropertyPlantAndEquipmentTypeDomain" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_PropertyPlantAndEquipmentTypeDomain-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Property, Plant and Equipment, Type [Domain]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PropertyPlantAndEquipmentTypeDomain" xlink:to="us-gaap_PropertyPlantAndEquipmentTypeDomain-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PropertyPlantAndEquipmentPolicyTextBlock" xlink:label="us-gaap_PropertyPlantAndEquipmentPolicyTextBlock" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_PropertyPlantAndEquipmentPolicyTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Property, Plant and Equipment, Policy [Policy Text Block]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PropertyPlantAndEquipmentPolicyTextBlock" xlink:to="us-gaap_PropertyPlantAndEquipmentPolicyTextBlock-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_MinorityInterestOwnershipPercentageByParent" xlink:label="us-gaap_MinorityInterestOwnershipPercentageByParent" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_MinorityInterestOwnershipPercentageByParent-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_MinorityInterestOwnershipPercentageByParent</link:label>
    <link:label xlink:label="us-gaap_MinorityInterestOwnershipPercentageByParent-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Noncontrolling Interest, Ownership Percentage by Parent</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_MinorityInterestOwnershipPercentageByParent" xlink:to="us-gaap_MinorityInterestOwnershipPercentageByParent-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ProceedsFromDividendsReceived" xlink:label="us-gaap_ProceedsFromDividendsReceived" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_ProceedsFromDividendsReceived-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_ProceedsFromDividendsReceived</link:label>
    <link:label xlink:label="us-gaap_ProceedsFromDividendsReceived-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Dividends received from joint ventures</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ProceedsFromDividendsReceived" xlink:to="us-gaap_ProceedsFromDividendsReceived-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_AdditionalPaidInCapitalCommonStock" xlink:label="us-gaap_AdditionalPaidInCapitalCommonStock" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_AdditionalPaidInCapitalCommonStock-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Additional paid-in capital</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AdditionalPaidInCapitalCommonStock" xlink:to="us-gaap_AdditionalPaidInCapitalCommonStock-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_TaxCreditCarryforwardValuationAllowance" xlink:label="us-gaap_TaxCreditCarryforwardValuationAllowance" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_TaxCreditCarryforwardValuationAllowance-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_TaxCreditCarryforwardValuationAllowance</link:label>
    <link:label xlink:label="us-gaap_TaxCreditCarryforwardValuationAllowance-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Tax Credit Carryforward, Valuation Allowance</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_TaxCreditCarryforwardValuationAllowance" xlink:to="us-gaap_TaxCreditCarryforwardValuationAllowance-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityCommonStockSharesOutstanding" xlink:label="dei_EntityCommonStockSharesOutstanding" xlink:type="locator"/>
    <link:label xlink:label="dei_EntityCommonStockSharesOutstanding-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entity Common Stock, Shares Outstanding (in shares)</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityCommonStockSharesOutstanding" xlink:to="dei_EntityCommonStockSharesOutstanding-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperationsAbstract" xlink:label="us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperationsAbstract" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperationsAbstract-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">CASH FLOWS FROM OPERATING ACTIVITIES:</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperationsAbstract" xlink:to="us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperationsAbstract-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_InventoryPolicyTextBlock" xlink:label="us-gaap_InventoryPolicyTextBlock" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_InventoryPolicyTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Inventory, Policy [Policy Text Block]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InventoryPolicyTextBlock" xlink:to="us-gaap_InventoryPolicyTextBlock-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_TaxCreditCarryforwardNameDomain" xlink:label="us-gaap_TaxCreditCarryforwardNameDomain" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_TaxCreditCarryforwardNameDomain-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Tax Credit Carryforward, Name [Domain]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_TaxCreditCarryforwardNameDomain" xlink:to="us-gaap_TaxCreditCarryforwardNameDomain-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.sec.gov/country/2013/country-2013-01-31.xsd#country_PL" xlink:label="country_PL" xlink:type="locator"/>
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    <link:label xlink:label="us-gaap_StatementLineItems-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Statement [Line Items]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StatementLineItems" xlink:to="us-gaap_StatementLineItems-label" xlink:type="arc"/>
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    <link:label xlink:label="us-gaap_TaxCreditCarryforwardAxis-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Tax Credit Carryforward [Axis]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_TaxCreditCarryforwardAxis" xlink:to="us-gaap_TaxCreditCarryforwardAxis-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_OperatingLossCarryforwardsValuationAllowance" xlink:label="us-gaap_OperatingLossCarryforwardsValuationAllowance" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_OperatingLossCarryforwardsValuationAllowance-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_OperatingLossCarryforwardsValuationAllowance</link:label>
    <link:label xlink:label="us-gaap_OperatingLossCarryforwardsValuationAllowance-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Operating Loss Carryforwards, Valuation Allowance</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingLossCarryforwardsValuationAllowance" xlink:to="us-gaap_OperatingLossCarryforwardsValuationAllowance-label" xlink:type="arc"/>
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    <link:label xlink:label="us-gaap_OperatingLossCarryforwards-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_OperatingLossCarryforwards</link:label>
    <link:label xlink:label="us-gaap_OperatingLossCarryforwards-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Operating Loss Carryforwards</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingLossCarryforwards" xlink:to="us-gaap_OperatingLossCarryforwards-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_TradingSymbol" xlink:label="dei_TradingSymbol" xlink:type="locator"/>
    <link:label xlink:label="dei_TradingSymbol-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Trading Symbol</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_TradingSymbol" xlink:to="dei_TradingSymbol-label" xlink:type="arc"/>
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    <link:label xlink:label="us-gaap_AccumulatedOtherComprehensiveIncomeMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">AOCI Attributable to Parent [Member]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AccumulatedOtherComprehensiveIncomeMember" xlink:to="us-gaap_AccumulatedOtherComprehensiveIncomeMember-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_AllowanceForDoubtfulAccountsReceivableCurrent" xlink:label="us-gaap_AllowanceForDoubtfulAccountsReceivableCurrent" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_AllowanceForDoubtfulAccountsReceivableCurrent-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Trade allowance</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AllowanceForDoubtfulAccountsReceivableCurrent" xlink:to="us-gaap_AllowanceForDoubtfulAccountsReceivableCurrent-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_CommitmentsAndContingencies" xlink:label="us-gaap_CommitmentsAndContingencies" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_CommitmentsAndContingencies-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">COMMITMENTS AND CONTINGENCIES (Note 18)</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CommitmentsAndContingencies" xlink:to="us-gaap_CommitmentsAndContingencies-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.sec.gov/country/2013/country-2013-01-31.xsd#country_SE" xlink:label="country_SE" xlink:type="locator"/>
    <link:label xlink:label="country_SE-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">SWEDEN</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="country_SE" xlink:to="country_SE-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FairValueMeasurementsFairValueHierarchyDomain" xlink:label="us-gaap_FairValueMeasurementsFairValueHierarchyDomain" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_FairValueMeasurementsFairValueHierarchyDomain-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Fair Value Hierarchy [Domain]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FairValueMeasurementsFairValueHierarchyDomain" xlink:to="us-gaap_FairValueMeasurementsFairValueHierarchyDomain-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FairValueInputsLevel1Member" xlink:label="us-gaap_FairValueInputsLevel1Member" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_FairValueInputsLevel1Member-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Fair Value, Inputs, Level 1 [Member]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FairValueInputsLevel1Member" xlink:to="us-gaap_FairValueInputsLevel1Member-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FairValueByFairValueHierarchyLevelAxis" xlink:label="us-gaap_FairValueByFairValueHierarchyLevelAxis" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_FairValueByFairValueHierarchyLevelAxis-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Fair Value, Hierarchy [Axis]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FairValueByFairValueHierarchyLevelAxis" xlink:to="us-gaap_FairValueByFairValueHierarchyLevelAxis-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_AssetsCurrentAbstract" xlink:label="us-gaap_AssetsCurrentAbstract" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_AssetsCurrentAbstract-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">CURRENT ASSETS:</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AssetsCurrentAbstract" xlink:to="us-gaap_AssetsCurrentAbstract-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease" xlink:label="us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease</link:label>
    <link:label xlink:label="us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease-label" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">NET INCREASE IN CASH AND CASH EQUIVALENTS</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease" xlink:to="us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_EquityMethodInvestmentsPolicy" xlink:label="us-gaap_EquityMethodInvestmentsPolicy" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_EquityMethodInvestmentsPolicy-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Equity Method Investments, Policy [Policy Text Block]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_EquityMethodInvestmentsPolicy" xlink:to="us-gaap_EquityMethodInvestmentsPolicy-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_MarketableSecuritiesAvailableForSaleSecuritiesPolicy" xlink:label="us-gaap_MarketableSecuritiesAvailableForSaleSecuritiesPolicy" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_MarketableSecuritiesAvailableForSaleSecuritiesPolicy-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Marketable Securities, Available-for-sale Securities, Policy [Policy Text Block]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_MarketableSecuritiesAvailableForSaleSecuritiesPolicy" xlink:to="us-gaap_MarketableSecuritiesAvailableForSaleSecuritiesPolicy-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents" xlink:label="us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents</link:label>
    <link:label xlink:label="us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">EFFECT OF EXCHANGE RATE CHANGES ON CASH:</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents" xlink:to="us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.sec.gov/country/2013/country-2013-01-31.xsd#country_TH" xlink:label="country_TH" xlink:type="locator"/>
    <link:label xlink:label="country_TH-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">THAILAND</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="country_TH" xlink:to="country_TH-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued" xlink:label="us-gaap_UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued</link:label>
    <link:label xlink:label="us-gaap_UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Unrecognized Tax Benefits, Income Tax Penalties and Interest Accrued</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued" xlink:to="us-gaap_UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations" xlink:label="us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations</link:label>
    <link:label xlink:label="us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations-label" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Net cash used in financing activities</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations" xlink:to="us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations" xlink:label="us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations</link:label>
    <link:label xlink:label="us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations-label" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Net cash provided by (used in) operating activities</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations" xlink:to="us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations" xlink:label="us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations</link:label>
    <link:label xlink:label="us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations-label" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Net cash (used in) provided by investing activities</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations" xlink:to="us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations-label" xlink:type="arc"/>
    <link:loc xlink:href="ntic-20160831.xsd#ntic_OfficeAndWarehouseSpaceMember" xlink:label="ntic_OfficeAndWarehouseSpaceMember" xlink:type="locator"/>
    <link:label xlink:label="ntic_OfficeAndWarehouseSpaceMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Office and Warehouse Space [Member]</link:label>
    <link:label xlink:label="ntic_OfficeAndWarehouseSpaceMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Office and warehouse space leased by the reporting entity under an operating lease.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ntic_OfficeAndWarehouseSpaceMember" xlink:to="ntic_OfficeAndWarehouseSpaceMember-label" xlink:type="arc"/>
    <link:loc xlink:href="ntic-20160831.xsd#ntic_UnitedStatesChinaIndiaGermanyAndBrazilMember" xlink:label="ntic_UnitedStatesChinaIndiaGermanyAndBrazilMember" xlink:type="locator"/>
    <link:label xlink:label="ntic_UnitedStatesChinaIndiaGermanyAndBrazilMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">United States, China, India, Germany, and Brazil [Member]</link:label>
    <link:label xlink:label="ntic_UnitedStatesChinaIndiaGermanyAndBrazilMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The geographical areas of the United States, China, India, Germany, and Brazil.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ntic_UnitedStatesChinaIndiaGermanyAndBrazilMember" xlink:to="ntic_UnitedStatesChinaIndiaGermanyAndBrazilMember-label" xlink:type="arc"/>
    <link:loc xlink:href="ntic-20160831.xsd#ntic_OperatingLeasesMonthlyRentExpense" xlink:label="ntic_OperatingLeasesMonthlyRentExpense" xlink:type="locator"/>
    <link:label xlink:label="ntic_OperatingLeasesMonthlyRentExpense-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ntic_OperatingLeasesMonthlyRentExpense</link:label>
    <link:label xlink:label="ntic_OperatingLeasesMonthlyRentExpense-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Operating Leases, Monthly Rent Expense</link:label>
    <link:label xlink:label="ntic_OperatingLeasesMonthlyRentExpense-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Amount of monthly rent expense incurred for leased assets, including but not limited to, furniture and equipment, that is not directly or indirectly associated with the manufacture, sale or creation of a product or product line.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ntic_OperatingLeasesMonthlyRentExpense" xlink:to="ntic_OperatingLeasesMonthlyRentExpense-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.sec.gov/country/2013/country-2013-01-31.xsd#country_US" xlink:label="country_US" xlink:type="locator"/>
    <link:label xlink:label="country_US-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">UNITED STATES</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="country_US" xlink:to="country_US-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_AccruedBonusesCurrentAndNoncurrent" xlink:label="us-gaap_AccruedBonusesCurrentAndNoncurrent" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_AccruedBonusesCurrentAndNoncurrent-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_AccruedBonusesCurrentAndNoncurrent</link:label>
    <link:label xlink:label="us-gaap_AccruedBonusesCurrentAndNoncurrent-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Accrued Bonuses</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AccruedBonusesCurrentAndNoncurrent" xlink:to="us-gaap_AccruedBonusesCurrentAndNoncurrent-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PaymentsOfDividendsMinorityInterest" xlink:label="us-gaap_PaymentsOfDividendsMinorityInterest" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_PaymentsOfDividendsMinorityInterest-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_PaymentsOfDividendsMinorityInterest</link:label>
    <link:label xlink:label="us-gaap_PaymentsOfDividendsMinorityInterest-label" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Dividend received by non-controlling interest</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PaymentsOfDividendsMinorityInterest" xlink:to="us-gaap_PaymentsOfDividendsMinorityInterest-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_IncomeTaxReconciliationOtherReconcilingItems" xlink:label="us-gaap_IncomeTaxReconciliationOtherReconcilingItems" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_IncomeTaxReconciliationOtherReconcilingItems-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_IncomeTaxReconciliationOtherReconcilingItems</link:label>
    <link:label xlink:label="us-gaap_IncomeTaxReconciliationOtherReconcilingItems-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncomeTaxReconciliationOtherReconcilingItems" xlink:to="us-gaap_IncomeTaxReconciliationOtherReconcilingItems-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_NoncontrollingInterestMember" xlink:label="us-gaap_NoncontrollingInterestMember" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_NoncontrollingInterestMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Noncontrolling Interest [Member]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NoncontrollingInterestMember" xlink:to="us-gaap_NoncontrollingInterestMember-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance" xlink:label="us-gaap_IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance</link:label>
    <link:label xlink:label="us-gaap_IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Valuation allowance</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance" xlink:to="us-gaap_IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PaymentsForRepurchaseOfCommonStock" xlink:label="us-gaap_PaymentsForRepurchaseOfCommonStock" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_PaymentsForRepurchaseOfCommonStock-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_PaymentsForRepurchaseOfCommonStock</link:label>
    <link:label xlink:label="us-gaap_PaymentsForRepurchaseOfCommonStock-label" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Repurchase of common stock</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PaymentsForRepurchaseOfCommonStock" xlink:to="us-gaap_PaymentsForRepurchaseOfCommonStock-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_CostOfGoodsSold" xlink:label="us-gaap_CostOfGoodsSold" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_CostOfGoodsSold-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Cost of goods sold</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CostOfGoodsSold" xlink:to="us-gaap_CostOfGoodsSold-label" xlink:type="arc"/>
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    <link:label xlink:label="us-gaap_StockholdersEquity-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_StockholdersEquity</link:label>
    <link:label xlink:label="us-gaap_StockholdersEquity-label" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Stockholders&#8217; equity</link:label>
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_IncomeTaxReconciliationMinorityInterestIncomeExpense" xlink:label="us-gaap_IncomeTaxReconciliationMinorityInterestIncomeExpense" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_IncomeTaxReconciliationMinorityInterestIncomeExpense-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_IncomeTaxReconciliationMinorityInterestIncomeExpense</link:label>
    <link:label xlink:label="us-gaap_IncomeTaxReconciliationMinorityInterestIncomeExpense-label" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Non-controlling interest</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncomeTaxReconciliationMinorityInterestIncomeExpense" xlink:to="us-gaap_IncomeTaxReconciliationMinorityInterestIncomeExpense-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_IncomeTaxReconciliationEquityInEarningsLossesOfUnconsolidatedSubsidiary" xlink:label="us-gaap_IncomeTaxReconciliationEquityInEarningsLossesOfUnconsolidatedSubsidiary" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_IncomeTaxReconciliationEquityInEarningsLossesOfUnconsolidatedSubsidiary-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_IncomeTaxReconciliationEquityInEarningsLossesOfUnconsolidatedSubsidiary</link:label>
    <link:label xlink:label="us-gaap_IncomeTaxReconciliationEquityInEarningsLossesOfUnconsolidatedSubsidiary-label" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Tax effect on equity in (income) loss of international joint ventures</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncomeTaxReconciliationEquityInEarningsLossesOfUnconsolidatedSubsidiary" xlink:to="us-gaap_IncomeTaxReconciliationEquityInEarningsLossesOfUnconsolidatedSubsidiary-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_RetainedEarningsMember" xlink:label="us-gaap_RetainedEarningsMember" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_RetainedEarningsMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Retained Earnings [Member]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RetainedEarningsMember" xlink:to="us-gaap_RetainedEarningsMember-label" xlink:type="arc"/>
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    <link:label xlink:label="us-gaap_ProceedsFromStockOptionsExercised-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_ProceedsFromStockOptionsExercised</link:label>
    <link:label xlink:label="us-gaap_ProceedsFromStockOptionsExercised-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Proceeds from exercise of stock options</link:label>
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ProceedsFromStockPlans" xlink:label="us-gaap_ProceedsFromStockPlans" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_ProceedsFromStockPlans-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_ProceedsFromStockPlans</link:label>
    <link:label xlink:label="us-gaap_ProceedsFromStockPlans-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Proceeds from employee stock purchase plan</link:label>
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_CostmethodInvestmentsOtherThanTemporaryImpairment" xlink:label="us-gaap_CostmethodInvestmentsOtherThanTemporaryImpairment" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_CostmethodInvestmentsOtherThanTemporaryImpairment-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Impairment on investment at carrying value</link:label>
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    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CostmethodInvestmentsOtherThanTemporaryImpairment" xlink:to="us-gaap_CostmethodInvestmentsOtherThanTemporaryImpairment-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_AdditionalPaidInCapitalMember" xlink:label="us-gaap_AdditionalPaidInCapitalMember" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_AdditionalPaidInCapitalMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Additional Paid-in Capital [Member]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AdditionalPaidInCapitalMember" xlink:to="us-gaap_AdditionalPaidInCapitalMember-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_EquityMethodInvesteeNameDomain" xlink:label="us-gaap_EquityMethodInvesteeNameDomain" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_EquityMethodInvesteeNameDomain-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Investment, Name [Domain]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_EquityMethodInvesteeNameDomain" xlink:to="us-gaap_EquityMethodInvesteeNameDomain-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_CommonStockMember" xlink:label="us-gaap_CommonStockMember" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_CommonStockMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Common Stock [Member]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CommonStockMember" xlink:to="us-gaap_CommonStockMember-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis" xlink:label="us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Exercise Price Range [Axis]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis" xlink:to="us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_StatementEquityComponentsAxis" xlink:label="us-gaap_StatementEquityComponentsAxis" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_StatementEquityComponentsAxis-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Equity Components [Axis]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StatementEquityComponentsAxis" xlink:to="us-gaap_StatementEquityComponentsAxis-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis" xlink:label="us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Investment, Name [Axis]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis" xlink:to="us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeDomain" xlink:label="us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeDomain" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeDomain-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Domain]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeDomain" xlink:to="us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeDomain-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_EquityComponentDomain" xlink:label="us-gaap_EquityComponentDomain" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_EquityComponentDomain-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Equity Component [Domain]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_EquityComponentDomain" xlink:to="us-gaap_EquityComponentDomain-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Dividend yield</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate" xlink:to="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_IncomeTaxReconciliationDeductionsDividends" xlink:label="us-gaap_IncomeTaxReconciliationDeductionsDividends" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_IncomeTaxReconciliationDeductionsDividends-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_IncomeTaxReconciliationDeductionsDividends</link:label>
    <link:label xlink:label="us-gaap_IncomeTaxReconciliationDeductionsDividends-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Tax effect on dividends received from joint ventures and investment at carrying value</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncomeTaxReconciliationDeductionsDividends" xlink:to="us-gaap_IncomeTaxReconciliationDeductionsDividends-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Weighted average risk-free interest rate</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate" xlink:to="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost" xlink:label="us-gaap_IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost-label" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Stock based compensation</link:label>
    <link:label xlink:label="us-gaap_IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost</link:label>
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Expected volatility</link:label>
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1" xlink:label="us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Expected life of option (years)</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1" xlink:to="us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1-label" xlink:type="arc"/>
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    <link:label xlink:label="us-gaap_ProceedsFromMinorityShareholders-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_ProceedsFromMinorityShareholders</link:label>
    <link:label xlink:label="us-gaap_ProceedsFromMinorityShareholders-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Investment by non-controlling interest</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ProceedsFromMinorityShareholders" xlink:to="us-gaap_ProceedsFromMinorityShareholders-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax" xlink:label="us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax" xlink:type="locator"/>
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    <link:label xlink:label="us-gaap_IncomeTaxReconciliationTaxCredits-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_IncomeTaxReconciliationTaxCredits</link:label>
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    <link:label xlink:label="us-gaap_IncomeTaxReconciliationTaxCreditsForeign-label" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Foreign tax credit</link:label>
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    <link:label xlink:label="us-gaap_LineOfCredit-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_LineOfCredit</link:label>
    <link:label xlink:label="us-gaap_LineOfCredit-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Long-term Line of Credit</link:label>
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_IncomeTaxReconciliationStateAndLocalIncomeTaxes" xlink:label="us-gaap_IncomeTaxReconciliationStateAndLocalIncomeTaxes" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_IncomeTaxReconciliationStateAndLocalIncomeTaxes-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_IncomeTaxReconciliationStateAndLocalIncomeTaxes</link:label>
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ReceivablesPolicyTextBlock" xlink:label="us-gaap_ReceivablesPolicyTextBlock" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_ReceivablesPolicyTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Receivables, Policy [Policy Text Block]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ReceivablesPolicyTextBlock" xlink:to="us-gaap_ReceivablesPolicyTextBlock-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_CashAndCashEquivalentsPolicyTextBlock" xlink:label="us-gaap_CashAndCashEquivalentsPolicyTextBlock" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_CashAndCashEquivalentsPolicyTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Cash and Cash Equivalents, Policy [Policy Text Block]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CashAndCashEquivalentsPolicyTextBlock" xlink:to="us-gaap_CashAndCashEquivalentsPolicyTextBlock-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" xlink:label="us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest</link:label>
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    <link:label xlink:label="us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest-label" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xml:lang="en-US">BALANCE</link:label>
    <link:label xlink:label="us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest-label" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xml:lang="en-US">BALANCE</link:label>
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_IncomeTaxDisclosureTextBlock" xlink:label="us-gaap_IncomeTaxDisclosureTextBlock" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_IncomeTaxDisclosureTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Income Tax Disclosure [Text Block]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncomeTaxDisclosureTextBlock" xlink:to="us-gaap_IncomeTaxDisclosureTextBlock-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_AccountingPoliciesAbstract" xlink:label="us-gaap_AccountingPoliciesAbstract" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_AccountingPoliciesAbstract-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Accounting Policies [Abstract]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AccountingPoliciesAbstract" xlink:to="us-gaap_AccountingPoliciesAbstract-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_IncomeLossIncludingPortionAttributableToNoncontrollingInterest" xlink:label="us-gaap_IncomeLossIncludingPortionAttributableToNoncontrollingInterest" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_IncomeLossIncludingPortionAttributableToNoncontrollingInterest-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_IncomeLossIncludingPortionAttributableToNoncontrollingInterest</link:label>
    <link:label xlink:label="us-gaap_IncomeLossIncludingPortionAttributableToNoncontrollingInterest-label" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">(LOSS) INCOME BEFORE INCOME TAX EXPENSE</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncomeLossIncludingPortionAttributableToNoncontrollingInterest" xlink:to="us-gaap_IncomeLossIncludingPortionAttributableToNoncontrollingInterest-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1" xlink:label="us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Aggregate intrinsic value, Exercisable</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1" xlink:to="us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_MachineryAndEquipmentMember" xlink:label="us-gaap_MachineryAndEquipmentMember" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_MachineryAndEquipmentMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Machinery and Equipment [Member]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_MachineryAndEquipmentMember" xlink:to="us-gaap_MachineryAndEquipmentMember-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Weighted average exercise price, Exercisable (in dollars per share)</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice" xlink:to="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Number of shares, Exercisable (in shares)</link:label>
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue</link:label>
    <link:label xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period, Intrinsic Value</link:label>
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue</link:label>
    <link:label xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue-label" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xml:lang="en-US">Aggregate intrinsic value, Outstanding</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue" xlink:to="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue</link:label>
    <link:label xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value</link:label>
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2" xlink:label="us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2</link:label>
    <link:label xlink:label="us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Remaining Contractual Term</link:label>
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_RevolvingCreditFacilityMember" xlink:label="us-gaap_RevolvingCreditFacilityMember" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_RevolvingCreditFacilityMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Revolving Credit Facility [Member]</link:label>
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    <link:label xlink:label="us-gaap_CreditFacilityDomain-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Credit Facility [Domain]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CreditFacilityDomain" xlink:to="us-gaap_CreditFacilityDomain-label" xlink:type="arc"/>
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    <link:label xlink:label="us-gaap_CreditFacilityAxis-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Credit Facility [Axis]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CreditFacilityAxis" xlink:to="us-gaap_CreditFacilityAxis-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice</link:label>
    <link:label xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice-label" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xml:lang="en-US">Weighted average exercise price, Outstanding (in dollars per share)</link:label>
    <link:label xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice-label" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xml:lang="en-US">Weighted average exercise price, Outstanding (in dollars per share)</link:label>
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice" xlink:label="us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Weighted average exercise price, Options terminated (in dollars per share)</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice" xlink:to="us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice" xlink:label="us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice" xlink:type="locator"/>
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    <link:label xlink:label="us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Weighted average exercise price, Options exercised (in dollars per share)</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice" xlink:to="us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice-label" xlink:type="arc"/>
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    <link:label xlink:label="us-gaap_LegalEntityTypeOfCounterpartyDomain-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Legal Entity Type of Counterparty [Domain]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LegalEntityTypeOfCounterpartyDomain" xlink:to="us-gaap_LegalEntityTypeOfCounterpartyDomain-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_IncomeStatementLocationDomain" xlink:label="us-gaap_IncomeStatementLocationDomain" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_IncomeStatementLocationDomain-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Income Statement Location [Domain]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncomeStatementLocationDomain" xlink:to="us-gaap_IncomeStatementLocationDomain-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_AccountsNotesLoansAndFinancingReceivablesByLegalEntityOfCounterpartyTypeAxis" xlink:label="us-gaap_AccountsNotesLoansAndFinancingReceivablesByLegalEntityOfCounterpartyTypeAxis" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_AccountsNotesLoansAndFinancingReceivablesByLegalEntityOfCounterpartyTypeAxis-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Legal Entity of Counterparty, Type [Axis]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AccountsNotesLoansAndFinancingReceivablesByLegalEntityOfCounterpartyTypeAxis" xlink:to="us-gaap_AccountsNotesLoansAndFinancingReceivablesByLegalEntityOfCounterpartyTypeAxis-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_IncomeStatementLocationAxis" xlink:label="us-gaap_IncomeStatementLocationAxis" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_IncomeStatementLocationAxis-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Income Statement Location [Axis]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncomeStatementLocationAxis" xlink:to="us-gaap_IncomeStatementLocationAxis-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_MaximumMember" xlink:label="us-gaap_MaximumMember" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_MaximumMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Maximum [Member]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_MaximumMember" xlink:to="us-gaap_MaximumMember-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_MinimumMember" xlink:label="us-gaap_MinimumMember" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_MinimumMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Minimum [Member]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_MinimumMember" xlink:to="us-gaap_MinimumMember-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_RangeAxis" xlink:label="us-gaap_RangeAxis" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_RangeAxis-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Range [Axis]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RangeAxis" xlink:to="us-gaap_RangeAxis-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_RangeMember" xlink:label="us-gaap_RangeMember" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_RangeMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Range [Domain]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RangeMember" xlink:to="us-gaap_RangeMember-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber</link:label>
    <link:label xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber-label" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xml:lang="en-US">Number of shares, Outstanding (in shares)</link:label>
    <link:label xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber-label" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xml:lang="en-US">Number of shares, Outstanding (in shares)</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber" xlink:to="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_LeaseArrangementTypeDomain" xlink:label="us-gaap_LeaseArrangementTypeDomain" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_LeaseArrangementTypeDomain-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Lease Arrangement, Type [Domain]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LeaseArrangementTypeDomain" xlink:to="us-gaap_LeaseArrangementTypeDomain-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_LeaseArrangementTypeAxis" xlink:label="us-gaap_LeaseArrangementTypeAxis" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_LeaseArrangementTypeAxis-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Lease Arrangement, Type [Axis]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LeaseArrangementTypeAxis" xlink:to="us-gaap_LeaseArrangementTypeAxis-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardPurchasePriceOfCommonStockPercent" xlink:label="us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardPurchasePriceOfCommonStockPercent" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardPurchasePriceOfCommonStockPercent-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardPurchasePriceOfCommonStockPercent</link:label>
    <link:label xlink:label="us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardPurchasePriceOfCommonStockPercent-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Share-based Compensation Arrangement by Share-based Payment Award, Purchase Price of Common Stock, Percent</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardPurchasePriceOfCommonStockPercent" xlink:to="us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardPurchasePriceOfCommonStockPercent-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized</link:label>
    <link:label xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized" xlink:to="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_EquityMethodInvestmentOwnershipPercentage" xlink:label="us-gaap_EquityMethodInvestmentOwnershipPercentage" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_EquityMethodInvestmentOwnershipPercentage-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_EquityMethodInvestmentOwnershipPercentage</link:label>
    <link:label xlink:label="us-gaap_EquityMethodInvestmentOwnershipPercentage-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Equity Method Investment, Ownership Percentage</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_EquityMethodInvestmentOwnershipPercentage" xlink:to="us-gaap_EquityMethodInvestmentOwnershipPercentage-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardExpirationPeriod" xlink:label="us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardExpirationPeriod" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardExpirationPeriod-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardExpirationPeriod</link:label>
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    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardExpirationPeriod" xlink:to="us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardExpirationPeriod-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1</link:label>
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    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1" xlink:to="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1-label" xlink:type="arc"/>
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    <link:label xlink:label="us-gaap_ProductsAndServicesDomain-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Products and Services [Domain]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ProductsAndServicesDomain" xlink:to="us-gaap_ProductsAndServicesDomain-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ProductOrServiceAxis" xlink:label="us-gaap_ProductOrServiceAxis" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_ProductOrServiceAxis-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Products and Services [Axis]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ProductOrServiceAxis" xlink:to="us-gaap_ProductOrServiceAxis-label" xlink:type="arc"/>
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    <link:label xlink:label="us-gaap_VestingAxis-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Vesting [Axis]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_VestingAxis" xlink:to="us-gaap_VestingAxis-label" xlink:type="arc"/>
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    <link:label xlink:label="us-gaap_VestingDomain-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Vesting [Domain]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_VestingDomain" xlink:to="us-gaap_VestingDomain-label" xlink:type="arc"/>
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    <link:label xlink:label="us-gaap_PlanNameAxis-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Plan Name [Axis]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PlanNameAxis" xlink:to="us-gaap_PlanNameAxis-label" xlink:type="arc"/>
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    <link:label xlink:label="us-gaap_PlanNameDomain-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Plan Name [Domain]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PlanNameDomain" xlink:to="us-gaap_PlanNameDomain-label" xlink:type="arc"/>
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    <link:label xlink:label="us-gaap_StatementGeographicalAxis-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Geographical [Axis]</link:label>
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    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain" xlink:to="us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain-label" xlink:type="arc"/>
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    <link:label xlink:label="us-gaap_SegmentGeographicalDomain-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Geographical [Domain]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SegmentGeographicalDomain" xlink:to="us-gaap_SegmentGeographicalDomain-label" xlink:type="arc"/>
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    <link:label xlink:label="us-gaap_RelatedPartyTransactionAmountsOfTransaction-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_RelatedPartyTransactionAmountsOfTransaction</link:label>
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    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RelatedPartyTransactionAmountsOfTransaction" xlink:to="us-gaap_RelatedPartyTransactionAmountsOfTransaction-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FiniteLivedIntangibleAssetsByMajorClassAxis" xlink:label="us-gaap_FiniteLivedIntangibleAssetsByMajorClassAxis" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_FiniteLivedIntangibleAssetsByMajorClassAxis-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Finite-Lived Intangible Assets by Major Class [Axis]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FiniteLivedIntangibleAssetsByMajorClassAxis" xlink:to="us-gaap_FiniteLivedIntangibleAssetsByMajorClassAxis-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FiniteLivedIntangibleAssetsMajorClassNameDomain" xlink:label="us-gaap_FiniteLivedIntangibleAssetsMajorClassNameDomain" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_FiniteLivedIntangibleAssetsMajorClassNameDomain-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Finite-Lived Intangible Assets, Major Class Name [Domain]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FiniteLivedIntangibleAssetsMajorClassNameDomain" xlink:to="us-gaap_FiniteLivedIntangibleAssetsMajorClassNameDomain-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_EarningsPerShareDiluted" xlink:label="us-gaap_EarningsPerShareDiluted" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_EarningsPerShareDiluted-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Diluted (in dollars per share)</link:label>
    <link:label xlink:label="us-gaap_EarningsPerShareDiluted-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Diluted income (loss) earnings per share: (in dollars per share)</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_EarningsPerShareDiluted" xlink:to="us-gaap_EarningsPerShareDiluted-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_WeightedAverageNumberOfSharesOutstandingBasic" xlink:label="us-gaap_WeightedAverageNumberOfSharesOutstandingBasic" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_WeightedAverageNumberOfSharesOutstandingBasic-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Basic (in shares)</link:label>
    <link:label xlink:label="us-gaap_WeightedAverageNumberOfSharesOutstandingBasic-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Basic-weighted shares outstanding (in shares)</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_WeightedAverageNumberOfSharesOutstandingBasic" xlink:to="us-gaap_WeightedAverageNumberOfSharesOutstandingBasic-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ScenarioUnspecifiedDomain" xlink:label="us-gaap_ScenarioUnspecifiedDomain" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_ScenarioUnspecifiedDomain-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Scenario, Unspecified [Domain]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScenarioUnspecifiedDomain" xlink:to="us-gaap_ScenarioUnspecifiedDomain-label" xlink:type="arc"/>
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    <link:label xlink:label="us-gaap_RelatedPartyDomain-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Related Party [Domain]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RelatedPartyDomain" xlink:to="us-gaap_RelatedPartyDomain-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_StatementScenarioAxis" xlink:label="us-gaap_StatementScenarioAxis" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_StatementScenarioAxis-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Scenario [Axis]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StatementScenarioAxis" xlink:to="us-gaap_StatementScenarioAxis-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock" xlink:label="us-gaap_DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of Compensation Related Costs, Share-based Payments [Text Block]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock" xlink:to="us-gaap_DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_RelatedPartyTransactionsByRelatedPartyAxis" xlink:label="us-gaap_RelatedPartyTransactionsByRelatedPartyAxis" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_RelatedPartyTransactionsByRelatedPartyAxis-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Related Party [Axis]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RelatedPartyTransactionsByRelatedPartyAxis" xlink:to="us-gaap_RelatedPartyTransactionsByRelatedPartyAxis-label" xlink:type="arc"/>
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    <link:label xlink:label="us-gaap_EarningsPerShareBasic-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Basic (in dollars per share)</link:label>
    <link:label xlink:label="us-gaap_EarningsPerShareBasic-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Basic income (loss) earnings per share: (in dollars per share)</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_EarningsPerShareBasic" xlink:to="us-gaap_EarningsPerShareBasic-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_RelatedPartyTransactionsDisclosureTextBlock" xlink:label="us-gaap_RelatedPartyTransactionsDisclosureTextBlock" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_RelatedPartyTransactionsDisclosureTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Related Party Transactions Disclosure [Text Block]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RelatedPartyTransactionsDisclosureTextBlock" xlink:to="us-gaap_RelatedPartyTransactionsDisclosureTextBlock-label" xlink:type="arc"/>
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    <link:label xlink:label="us-gaap_StatementBusinessSegmentsAxis-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Segments [Axis]</link:label>
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    <link:label xlink:label="us-gaap_SegmentDomain-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Segments [Domain]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SegmentDomain" xlink:to="us-gaap_SegmentDomain-label" xlink:type="arc"/>
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    <link:label xlink:label="us-gaap_MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders</link:label>
    <link:label xlink:label="us-gaap_MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders-label" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Dividend received by non-controlling interest</link:label>
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ScheduleOfRevenueFromExternalCustomersAttributedToForeignCountriesByGeographicAreaTextBlock" xlink:label="us-gaap_ScheduleOfRevenueFromExternalCustomersAttributedToForeignCountriesByGeographicAreaTextBlock" xlink:type="locator"/>
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_RevenueFromExternalCustomersByGeographicAreasTableTextBlock" xlink:label="us-gaap_RevenueFromExternalCustomersByGeographicAreasTableTextBlock" xlink:type="locator"/>
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    <link:label xlink:label="us-gaap_StatementTable-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Statement [Table]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StatementTable" xlink:to="us-gaap_StatementTable-label" xlink:type="arc"/>
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    <link:label xlink:label="us-gaap_DueFromJointVentures-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_DueFromJointVentures</link:label>
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    <link:label xlink:label="us-gaap_NetIncomeLossAttributableToNoncontrollingInterest-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">NET (LOSS) INCOME ATTRIBUTABLE TO NON-CONTROLLING INTERESTS</link:label>
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_IncomeStatementAbstract" xlink:label="us-gaap_IncomeStatementAbstract" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_IncomeStatementAbstract-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Income Statement [Abstract]</link:label>
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperationsAbstract" xlink:label="us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperationsAbstract" xlink:type="locator"/>
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    <link:label xlink:label="us-gaap_ScheduleOfCondensedIncomeStatementTableTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Condensed Income Statement [Table Text Block]</link:label>
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    <link:label xlink:label="us-gaap_ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">COMPREHENSIVE (LOSS) INCOME ATTRIBUTABLE TO NON-CONTROLLING INTERESTS</link:label>
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance" xlink:label="us-gaap_NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Investment by non-controlling interest</link:label>
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    <link:label xlink:label="ntic_NetSalesToJointVentures-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Net sales, to joint ventures</link:label>
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    <link:label xlink:label="us-gaap_LiabilitiesCurrent-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_LiabilitiesCurrent</link:label>
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    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LiabilitiesCurrent" xlink:to="us-gaap_LiabilitiesCurrent-label" xlink:type="arc"/>
    <link:loc xlink:href="ntic-20160831.xsd#ntic_FeesForServicesProvidedToJointVentures" xlink:label="ntic_FeesForServicesProvidedToJointVentures" xlink:type="locator"/>
    <link:label xlink:label="ntic_FeesForServicesProvidedToJointVentures-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ntic_FeesForServicesProvidedToJointVentures</link:label>
    <link:label xlink:label="ntic_FeesForServicesProvidedToJointVentures-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Fees for services provided to joint ventures</link:label>
    <link:label xlink:label="ntic_FeesForServicesProvidedToJointVentures-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Royalties and service fees from transactions directly with the reporting entity's joint ventures outside the normal course of business.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ntic_FeesForServicesProvidedToJointVentures" xlink:to="ntic_FeesForServicesProvidedToJointVentures-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_StatementClassOfStockAxis" xlink:label="us-gaap_StatementClassOfStockAxis" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_StatementClassOfStockAxis-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Class of Stock [Axis]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StatementClassOfStockAxis" xlink:to="us-gaap_StatementClassOfStockAxis-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ClassOfStockDomain" xlink:label="us-gaap_ClassOfStockDomain" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_ClassOfStockDomain-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Class of Stock [Domain]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ClassOfStockDomain" xlink:to="us-gaap_ClassOfStockDomain-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock" xlink:label="us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock" xlink:to="us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ProceedsFromSaleOfAvailableForSaleSecurities" xlink:label="us-gaap_ProceedsFromSaleOfAvailableForSaleSecurities" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_ProceedsFromSaleOfAvailableForSaleSecurities-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_ProceedsFromSaleOfAvailableForSaleSecurities</link:label>
    <link:label xlink:label="us-gaap_ProceedsFromSaleOfAvailableForSaleSecurities-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Proceeds from sale of available for sale securities</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ProceedsFromSaleOfAvailableForSaleSecurities" xlink:to="us-gaap_ProceedsFromSaleOfAvailableForSaleSecurities-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock" xlink:label="us-gaap_ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock" xlink:to="us-gaap_ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DefinedContributionPlanEmployerMatchingContributionPercent" xlink:label="us-gaap_DefinedContributionPlanEmployerMatchingContributionPercent" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_DefinedContributionPlanEmployerMatchingContributionPercent-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_DefinedContributionPlanEmployerMatchingContributionPercent</link:label>
    <link:label xlink:label="us-gaap_DefinedContributionPlanEmployerMatchingContributionPercent-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Defined Contribution Plan, Employer Matching Contribution, Percent of Employees' Gross Pay</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DefinedContributionPlanEmployerMatchingContributionPercent" xlink:to="us-gaap_DefinedContributionPlanEmployerMatchingContributionPercent-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PaymentsToAcquireAvailableForSaleSecurities" xlink:label="us-gaap_PaymentsToAcquireAvailableForSaleSecurities" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_PaymentsToAcquireAvailableForSaleSecurities-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_PaymentsToAcquireAvailableForSaleSecurities</link:label>
    <link:label xlink:label="us-gaap_PaymentsToAcquireAvailableForSaleSecurities-label" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Purchase of available for sale securities</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PaymentsToAcquireAvailableForSaleSecurities" xlink:to="us-gaap_PaymentsToAcquireAvailableForSaleSecurities-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DefinedContributionPlanMaximumAnnualContributionsPerEmployeePercent" xlink:label="us-gaap_DefinedContributionPlanMaximumAnnualContributionsPerEmployeePercent" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_DefinedContributionPlanMaximumAnnualContributionsPerEmployeePercent-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_DefinedContributionPlanMaximumAnnualContributionsPerEmployeePercent</link:label>
    <link:label xlink:label="us-gaap_DefinedContributionPlanMaximumAnnualContributionsPerEmployeePercent-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Defined Contribution Plan, Maximum Annual Contributions Per Employee, Percent</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DefinedContributionPlanMaximumAnnualContributionsPerEmployeePercent" xlink:to="us-gaap_DefinedContributionPlanMaximumAnnualContributionsPerEmployeePercent-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock" xlink:label="us-gaap_ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock" xlink:to="us-gaap_ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DebtInstrumentBasisSpreadOnVariableRate1" xlink:label="us-gaap_DebtInstrumentBasisSpreadOnVariableRate1" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_DebtInstrumentBasisSpreadOnVariableRate1-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_DebtInstrumentBasisSpreadOnVariableRate1</link:label>
    <link:label xlink:label="us-gaap_DebtInstrumentBasisSpreadOnVariableRate1-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Debt Instrument, Basis Spread on Variable Rate</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DebtInstrumentBasisSpreadOnVariableRate1" xlink:to="us-gaap_DebtInstrumentBasisSpreadOnVariableRate1-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DefinedContributionPlanCostRecognized" xlink:label="us-gaap_DefinedContributionPlanCostRecognized" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_DefinedContributionPlanCostRecognized-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_DefinedContributionPlanCostRecognized</link:label>
    <link:label xlink:label="us-gaap_DefinedContributionPlanCostRecognized-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Defined Contribution Plan, Cost Recognized</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DefinedContributionPlanCostRecognized" xlink:to="us-gaap_DefinedContributionPlanCostRecognized-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_OperatingExpenses" xlink:label="us-gaap_OperatingExpenses" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_OperatingExpenses-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_OperatingExpenses</link:label>
    <link:label xlink:label="us-gaap_OperatingExpenses-label" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Total operating expenses</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingExpenses" xlink:to="us-gaap_OperatingExpenses-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_GeneralAndAdministrativeExpense" xlink:label="us-gaap_GeneralAndAdministrativeExpense" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_GeneralAndAdministrativeExpense-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">General and administrative expenses</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_GeneralAndAdministrativeExpense" xlink:to="us-gaap_GeneralAndAdministrativeExpense-label" xlink:type="arc"/>
    <link:loc xlink:href="ntic-20160831.xsd#ntic_IncreaseDecreaseInTradeReceivablesExcludingJointVentures" xlink:label="ntic_IncreaseDecreaseInTradeReceivablesExcludingJointVentures" xlink:type="locator"/>
    <link:label xlink:label="ntic_IncreaseDecreaseInTradeReceivablesExcludingJointVentures-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ntic_IncreaseDecreaseInTradeReceivablesExcludingJointVentures</link:label>
    <link:label xlink:label="ntic_IncreaseDecreaseInTradeReceivablesExcludingJointVentures-label" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Trade, excluding joint ventures</link:label>
    <link:label xlink:label="ntic_IncreaseDecreaseInTradeReceivablesExcludingJointVentures-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The net change during the reporting period in amount due within one year (or one business cycle) from customers or clients, but not joint ventures, for the credit sale of goods and services.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ntic_IncreaseDecreaseInTradeReceivablesExcludingJointVentures" xlink:to="ntic_IncreaseDecreaseInTradeReceivablesExcludingJointVentures-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_EmployeeRelatedLiabilitiesCurrent" xlink:label="us-gaap_EmployeeRelatedLiabilitiesCurrent" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_EmployeeRelatedLiabilitiesCurrent-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Payroll and related benefits</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_EmployeeRelatedLiabilitiesCurrent" xlink:to="us-gaap_EmployeeRelatedLiabilitiesCurrent-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_CapitalLossCarryforwardMember" xlink:label="us-gaap_CapitalLossCarryforwardMember" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_CapitalLossCarryforwardMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Capital Loss Carryforward [Member]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CapitalLossCarryforwardMember" xlink:to="us-gaap_CapitalLossCarryforwardMember-label" xlink:type="arc"/>
    <link:loc xlink:href="ntic-20160831.xsd#ntic_IncreaseDecreaseInTradeReceivablesJointVentures" xlink:label="ntic_IncreaseDecreaseInTradeReceivablesJointVentures" xlink:type="locator"/>
    <link:label xlink:label="ntic_IncreaseDecreaseInTradeReceivablesJointVentures-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ntic_IncreaseDecreaseInTradeReceivablesJointVentures</link:label>
    <link:label xlink:label="ntic_IncreaseDecreaseInTradeReceivablesJointVentures-label" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Trade, joint ventures</link:label>
    <link:label xlink:label="ntic_IncreaseDecreaseInTradeReceivablesJointVentures-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The net change during the reporting period in amount due within one year (or one business cycle) from joint ventures for the credit sale of goods and services that have been delivered or sold to joint ventures in the normal course of business.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ntic_IncreaseDecreaseInTradeReceivablesJointVentures" xlink:to="ntic_IncreaseDecreaseInTradeReceivablesJointVentures-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_AccountsPayableCurrent" xlink:label="us-gaap_AccountsPayableCurrent" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_AccountsPayableCurrent-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Accounts payable</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AccountsPayableCurrent" xlink:to="us-gaap_AccountsPayableCurrent-label" xlink:type="arc"/>
    <link:loc xlink:href="ntic-20160831.xsd#ntic_IncreaseDecreaseInFeesReceivableForServicesProvidedToJointVentures" xlink:label="ntic_IncreaseDecreaseInFeesReceivableForServicesProvidedToJointVentures" xlink:type="locator"/>
    <link:label xlink:label="ntic_IncreaseDecreaseInFeesReceivableForServicesProvidedToJointVentures-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ntic_IncreaseDecreaseInFeesReceivableForServicesProvidedToJointVentures</link:label>
    <link:label xlink:label="ntic_IncreaseDecreaseInFeesReceivableForServicesProvidedToJointVentures-label" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Fees for services provided to joint ventures</link:label>
    <link:label xlink:label="ntic_IncreaseDecreaseInFeesReceivableForServicesProvidedToJointVentures-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The net change during the reporting period in amount due within one year (or one business cycle) from joint ventures for royalties and service fees outside of the normal course of business.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ntic_IncreaseDecreaseInFeesReceivableForServicesProvidedToJointVentures" xlink:to="ntic_IncreaseDecreaseInFeesReceivableForServicesProvidedToJointVentures-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_IncomeTaxesPaidNet" xlink:label="us-gaap_IncomeTaxesPaidNet" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_IncomeTaxesPaidNet-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Cash paid during the year for income tax</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncomeTaxesPaidNet" xlink:to="us-gaap_IncomeTaxesPaidNet-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_LondonInterbankOfferedRateLIBORMember" xlink:label="us-gaap_LondonInterbankOfferedRateLIBORMember" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_LondonInterbankOfferedRateLIBORMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">London Interbank Offered Rate (LIBOR) [Member]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LondonInterbankOfferedRateLIBORMember" xlink:to="us-gaap_LondonInterbankOfferedRateLIBORMember-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DebtInstrumentAxis" xlink:label="us-gaap_DebtInstrumentAxis" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_DebtInstrumentAxis-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Debt Instrument [Axis]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DebtInstrumentAxis" xlink:to="us-gaap_DebtInstrumentAxis-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DebtInstrumentNameDomain" xlink:label="us-gaap_DebtInstrumentNameDomain" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_DebtInstrumentNameDomain-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Debt Instrument, Name [Domain]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DebtInstrumentNameDomain" xlink:to="us-gaap_DebtInstrumentNameDomain-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_OtherAccruedLiabilitiesCurrent" xlink:label="us-gaap_OtherAccruedLiabilitiesCurrent" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_OtherAccruedLiabilitiesCurrent-label" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Other</link:label>
    <link:label xlink:label="us-gaap_OtherAccruedLiabilitiesCurrent-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_OtherAccruedLiabilitiesCurrent</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OtherAccruedLiabilitiesCurrent" xlink:to="us-gaap_OtherAccruedLiabilitiesCurrent-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_VariableRateAxis" xlink:label="us-gaap_VariableRateAxis" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_VariableRateAxis-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Variable Rate [Axis]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_VariableRateAxis" xlink:to="us-gaap_VariableRateAxis-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_VariableRateDomain" xlink:label="us-gaap_VariableRateDomain" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_VariableRateDomain-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Variable Rate [Domain]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_VariableRateDomain" xlink:to="us-gaap_VariableRateDomain-label" xlink:type="arc"/>
    <link:loc xlink:href="ntic-20160831.xsd#ntic_Fiscal2017BonusPlanMember" xlink:label="ntic_Fiscal2017BonusPlanMember" xlink:type="locator"/>
    <link:label xlink:label="ntic_Fiscal2017BonusPlanMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Fiscal 2017 Bonus Plan [Member]</link:label>
    <link:label xlink:label="ntic_Fiscal2017BonusPlanMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents information pertaining to the fiscal 2017 bonus plan.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ntic_Fiscal2017BonusPlanMember" xlink:to="ntic_Fiscal2017BonusPlanMember-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PaymentsToAcquireIntangibleAssets" xlink:label="us-gaap_PaymentsToAcquireIntangibleAssets" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_PaymentsToAcquireIntangibleAssets-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_PaymentsToAcquireIntangibleAssets</link:label>
    <link:label xlink:label="us-gaap_PaymentsToAcquireIntangibleAssets-label" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Additions to patents</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PaymentsToAcquireIntangibleAssets" xlink:to="us-gaap_PaymentsToAcquireIntangibleAssets-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_AccruedLiabilitiesCurrentAbstract" xlink:label="us-gaap_AccruedLiabilitiesCurrentAbstract" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_AccruedLiabilitiesCurrentAbstract-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Accrued liabilities:</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AccruedLiabilitiesCurrentAbstract" xlink:to="us-gaap_AccruedLiabilitiesCurrentAbstract-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PaymentsToAcquirePropertyPlantAndEquipment" xlink:label="us-gaap_PaymentsToAcquirePropertyPlantAndEquipment" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_PaymentsToAcquirePropertyPlantAndEquipment-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_PaymentsToAcquirePropertyPlantAndEquipment</link:label>
    <link:label xlink:label="us-gaap_PaymentsToAcquirePropertyPlantAndEquipment-label" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Additions to property and equipment</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PaymentsToAcquirePropertyPlantAndEquipment" xlink:to="us-gaap_PaymentsToAcquirePropertyPlantAndEquipment-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_LiabilitiesCurrentAbstract" xlink:label="us-gaap_LiabilitiesCurrentAbstract" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_LiabilitiesCurrentAbstract-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">CURRENT LIABILITIES:</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LiabilitiesCurrentAbstract" xlink:to="us-gaap_LiabilitiesCurrentAbstract-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_Assets" xlink:label="us-gaap_Assets" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_Assets-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_Assets</link:label>
    <link:label xlink:label="us-gaap_Assets-label" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Total assets</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_Assets" xlink:to="us-gaap_Assets-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationAndExerciseOfStockOptions" xlink:label="us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationAndExerciseOfStockOptions" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationAndExerciseOfStockOptions-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Stock option expense</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationAndExerciseOfStockOptions" xlink:to="us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationAndExerciseOfStockOptions-label" xlink:type="arc"/>
    <link:loc xlink:href="ntic-20160831.xsd#ntic_PatentsAndTrademarksMember" xlink:label="ntic_PatentsAndTrademarksMember" xlink:type="locator"/>
    <link:label xlink:label="ntic_PatentsAndTrademarksMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Patents and Trademarks [Member]</link:label>
    <link:label xlink:label="ntic_PatentsAndTrademarksMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents patents and trademarks.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ntic_PatentsAndTrademarksMember" xlink:to="ntic_PatentsAndTrademarksMember-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_RetainedEarningsUndistributedEarningsFromEquityMethodInvestees" xlink:label="us-gaap_RetainedEarningsUndistributedEarningsFromEquityMethodInvestees" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_RetainedEarningsUndistributedEarningsFromEquityMethodInvestees-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Northern Technologies International Corporation's share of joint ventures&#8217; undistributed earnings</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RetainedEarningsUndistributedEarningsFromEquityMethodInvestees" xlink:to="us-gaap_RetainedEarningsUndistributedEarningsFromEquityMethodInvestees-label" xlink:type="arc"/>
    <link:loc xlink:href="ntic-20160831.xsd#ntic_MutecMember" xlink:label="ntic_MutecMember" xlink:type="locator"/>
    <link:label xlink:label="ntic_MutecMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Mutec [Member]</link:label>
    <link:label xlink:label="ntic_MutecMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents Mutec.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ntic_MutecMember" xlink:to="ntic_MutecMember-label" xlink:type="arc"/>
    <link:loc xlink:href="ntic-20160831.xsd#ntic_NTIAseanLLCMember" xlink:label="ntic_NTIAseanLLCMember" xlink:type="locator"/>
    <link:label xlink:label="ntic_NTIAseanLLCMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">NTI Asean LLC [Member]</link:label>
    <link:label xlink:label="ntic_NTIAseanLLCMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents the legal entity of NTI Asean LLC.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ntic_NTIAseanLLCMember" xlink:to="ntic_NTIAseanLLCMember-label" xlink:type="arc"/>
    <link:loc xlink:href="ntic-20160831.xsd#ntic_EXCORMember" xlink:label="ntic_EXCORMember" xlink:type="locator"/>
    <link:label xlink:label="ntic_EXCORMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">EXCOR [Member]</link:label>
    <link:label xlink:label="ntic_EXCORMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents EXCOR.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ntic_EXCORMember" xlink:to="ntic_EXCORMember-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_IncrementalCommonSharesAttributableToShareBasedPaymentArrangements" xlink:label="us-gaap_IncrementalCommonSharesAttributableToShareBasedPaymentArrangements" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_IncrementalCommonSharesAttributableToShareBasedPaymentArrangements-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_IncrementalCommonSharesAttributableToShareBasedPaymentArrangements</link:label>
    <link:label xlink:label="us-gaap_IncrementalCommonSharesAttributableToShareBasedPaymentArrangements-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Weighted shares assumed upon exercise of stock options (in shares)</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncrementalCommonSharesAttributableToShareBasedPaymentArrangements" xlink:to="us-gaap_IncrementalCommonSharesAttributableToShareBasedPaymentArrangements-label" xlink:type="arc"/>
    <link:loc xlink:href="ntic-20160831.xsd#ntic_AllOtherMember" xlink:label="ntic_AllOtherMember" xlink:type="locator"/>
    <link:label xlink:label="ntic_AllOtherMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">All Other [Member]</link:label>
    <link:label xlink:label="ntic_AllOtherMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents all other joint ventures.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ntic_AllOtherMember" xlink:to="ntic_AllOtherMember-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_StockholdersEquityNoteDisclosureTextBlock" xlink:label="us-gaap_StockholdersEquityNoteDisclosureTextBlock" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_StockholdersEquityNoteDisclosureTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Stockholders' Equity Note Disclosure [Text Block]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StockholdersEquityNoteDisclosureTextBlock" xlink:to="us-gaap_StockholdersEquityNoteDisclosureTextBlock-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity" xlink:label="us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity</link:label>
    <link:label xlink:label="us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Line of Credit Facility, Maximum Borrowing Capacity</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity" xlink:to="us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_RestrictedCashAndCashEquivalents" xlink:label="us-gaap_RestrictedCashAndCashEquivalents" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_RestrictedCashAndCashEquivalents-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Cash and cash equivalents</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RestrictedCashAndCashEquivalents" xlink:to="us-gaap_RestrictedCashAndCashEquivalents-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FiniteLivedIntangibleAssetsAccumulatedAmortization" xlink:label="us-gaap_FiniteLivedIntangibleAssetsAccumulatedAmortization" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_FiniteLivedIntangibleAssetsAccumulatedAmortization-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_FiniteLivedIntangibleAssetsAccumulatedAmortization</link:label>
    <link:label xlink:label="us-gaap_FiniteLivedIntangibleAssetsAccumulatedAmortization-label" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Less accumulated amortization</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FiniteLivedIntangibleAssetsAccumulatedAmortization" xlink:to="us-gaap_FiniteLivedIntangibleAssetsAccumulatedAmortization-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FiniteLivedIntangibleAssetsNet" xlink:label="us-gaap_FiniteLivedIntangibleAssetsNet" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_FiniteLivedIntangibleAssetsNet-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Patents and trademarks, net</link:label>
    <link:label xlink:label="us-gaap_FiniteLivedIntangibleAssetsNet-label" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Patents and trademarkes, net</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FiniteLivedIntangibleAssetsNet" xlink:to="us-gaap_FiniteLivedIntangibleAssetsNet-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FiniteLivedIntangibleAssetsGross" xlink:label="us-gaap_FiniteLivedIntangibleAssetsGross" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_FiniteLivedIntangibleAssetsGross-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_FiniteLivedIntangibleAssetsGross</link:label>
    <link:label xlink:label="us-gaap_FiniteLivedIntangibleAssetsGross-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Patents and trademarks</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FiniteLivedIntangibleAssetsGross" xlink:to="us-gaap_FiniteLivedIntangibleAssetsGross-label" xlink:type="arc"/>
    <link:loc xlink:href="ntic-20160831.xsd#ntic_DebtInstrumentCovenantsFixedChargeCoverageRatio" xlink:label="ntic_DebtInstrumentCovenantsFixedChargeCoverageRatio" xlink:type="locator"/>
    <link:label xlink:label="ntic_DebtInstrumentCovenantsFixedChargeCoverageRatio-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ntic_DebtInstrumentCovenantsFixedChargeCoverageRatio</link:label>
    <link:label xlink:label="ntic_DebtInstrumentCovenantsFixedChargeCoverageRatio-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Debt Instrument, Covenants, Fixed Charge Coverage Ratio</link:label>
    <link:label xlink:label="ntic_DebtInstrumentCovenantsFixedChargeCoverageRatio-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents the fixed charge coverage ratio for the debt instrument under the covenant terms.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ntic_DebtInstrumentCovenantsFixedChargeCoverageRatio" xlink:to="ntic_DebtInstrumentCovenantsFixedChargeCoverageRatio-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_NetIncomeLoss" xlink:label="us-gaap_NetIncomeLoss" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_NetIncomeLoss-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_NetIncomeLoss</link:label>
    <link:label xlink:label="us-gaap_NetIncomeLoss-label" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">NET (LOSS) INCOME ATTRIBUTABLE TO NTIC</link:label>
    <link:label xlink:label="us-gaap_NetIncomeLoss-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Net (loss) income attributable to NTIC</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NetIncomeLoss" xlink:to="us-gaap_NetIncomeLoss-label" xlink:type="arc"/>
    <link:loc xlink:href="ntic-20160831.xsd#ntic_TermLoanAndLineOfCreditAgreementsLoanAgreementsMember" xlink:label="ntic_TermLoanAndLineOfCreditAgreementsLoanAgreementsMember" xlink:type="locator"/>
    <link:label xlink:label="ntic_TermLoanAndLineOfCreditAgreementsLoanAgreementsMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Term Loan and Line of Credit, Agreements, Loan Agreements [Member]</link:label>
    <link:label xlink:label="ntic_TermLoanAndLineOfCreditAgreementsLoanAgreementsMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Term loan and line of credit, agreements, loan agreements [member]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ntic_TermLoanAndLineOfCreditAgreementsLoanAgreementsMember" xlink:to="ntic_TermLoanAndLineOfCreditAgreementsLoanAgreementsMember-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_LineOfCreditFacilityAxis" xlink:label="us-gaap_LineOfCreditFacilityAxis" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_LineOfCreditFacilityAxis-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Lender Name [Axis]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LineOfCreditFacilityAxis" xlink:to="us-gaap_LineOfCreditFacilityAxis-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_LineOfCreditFacilityLenderDomain" xlink:label="us-gaap_LineOfCreditFacilityLenderDomain" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_LineOfCreditFacilityLenderDomain-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Line of Credit Facility, Lender [Domain]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LineOfCreditFacilityLenderDomain" xlink:to="us-gaap_LineOfCreditFacilityLenderDomain-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment" xlink:label="us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment</link:label>
    <link:label xlink:label="us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment-label" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Less accumulated depreciation</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment" xlink:to="us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PropertyPlantAndEquipmentNet" xlink:label="us-gaap_PropertyPlantAndEquipmentNet" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_PropertyPlantAndEquipmentNet-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">PROPERTY AND EQUIPMENT, NET</link:label>
    <link:label xlink:label="us-gaap_PropertyPlantAndEquipmentNet-label" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Net</link:label>
    <link:label xlink:label="us-gaap_PropertyPlantAndEquipmentNet-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Total long-lived assets</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PropertyPlantAndEquipmentNet" xlink:to="us-gaap_PropertyPlantAndEquipmentNet-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_EmployeeStockOptionMember" xlink:label="us-gaap_EmployeeStockOptionMember" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_EmployeeStockOptionMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Employee Stock Option [Member]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_EmployeeStockOptionMember" xlink:to="us-gaap_EmployeeStockOptionMember-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PropertyPlantAndEquipmentGross" xlink:label="us-gaap_PropertyPlantAndEquipmentGross" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_PropertyPlantAndEquipmentGross-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_PropertyPlantAndEquipmentGross</link:label>
    <link:label xlink:label="us-gaap_PropertyPlantAndEquipmentGross-label" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Gross</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PropertyPlantAndEquipmentGross" xlink:to="us-gaap_PropertyPlantAndEquipmentGross-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_AntidilutiveSecuritiesNameDomain" xlink:label="us-gaap_AntidilutiveSecuritiesNameDomain" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_AntidilutiveSecuritiesNameDomain-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Antidilutive Securities, Name [Domain]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AntidilutiveSecuritiesNameDomain" xlink:to="us-gaap_AntidilutiveSecuritiesNameDomain-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_GainLossOnDispositionOfAssets1" xlink:label="us-gaap_GainLossOnDispositionOfAssets1" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_GainLossOnDispositionOfAssets1-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_GainLossOnDispositionOfAssets1</link:label>
    <link:label xlink:label="us-gaap_GainLossOnDispositionOfAssets1-label" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Loss on disposal of assets</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_GainLossOnDispositionOfAssets1" xlink:to="us-gaap_GainLossOnDispositionOfAssets1-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ScheduleOfRevenuesFromExternalCustomersAndLongLivedAssetsByGeographicalAreasTableTextBlock" xlink:label="us-gaap_ScheduleOfRevenuesFromExternalCustomersAndLongLivedAssetsByGeographicalAreasTableTextBlock" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_ScheduleOfRevenuesFromExternalCustomersAndLongLivedAssetsByGeographicalAreasTableTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas [Table Text Block]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfRevenuesFromExternalCustomersAndLongLivedAssetsByGeographicalAreasTableTextBlock" xlink:to="us-gaap_ScheduleOfRevenuesFromExternalCustomersAndLongLivedAssetsByGeographicalAreasTableTextBlock-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis" xlink:label="us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Antidilutive Securities [Axis]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis" xlink:to="us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_MachineryAndEquipmentGross" xlink:label="us-gaap_MachineryAndEquipmentGross" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_MachineryAndEquipmentGross-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_MachineryAndEquipmentGross</link:label>
    <link:label xlink:label="us-gaap_MachineryAndEquipmentGross-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Machinery and equipment</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_MachineryAndEquipmentGross" xlink:to="us-gaap_MachineryAndEquipmentGross-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_GainLossOnDispositionOfAssets" xlink:label="us-gaap_GainLossOnDispositionOfAssets" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_GainLossOnDispositionOfAssets-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_GainLossOnDispositionOfAssets</link:label>
    <link:label xlink:label="us-gaap_GainLossOnDispositionOfAssets-label" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Gain on sale of equipment</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_GainLossOnDispositionOfAssets" xlink:to="us-gaap_GainLossOnDispositionOfAssets-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DebtDisclosureTextBlock" xlink:label="us-gaap_DebtDisclosureTextBlock" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_DebtDisclosureTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Debt Disclosure [Text Block]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DebtDisclosureTextBlock" xlink:to="us-gaap_DebtDisclosureTextBlock-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_BuildingsAndImprovementsGross" xlink:label="us-gaap_BuildingsAndImprovementsGross" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_BuildingsAndImprovementsGross-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_BuildingsAndImprovementsGross</link:label>
    <link:label xlink:label="us-gaap_BuildingsAndImprovementsGross-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Buildings and improvements</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_BuildingsAndImprovementsGross" xlink:to="us-gaap_BuildingsAndImprovementsGross-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_Land" xlink:label="us-gaap_Land" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_Land-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_Land</link:label>
    <link:label xlink:label="us-gaap_Land-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Land</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_Land" xlink:to="us-gaap_Land-label" xlink:type="arc"/>
    <link:loc xlink:href="ntic-20160831.xsd#ntic_The2007PlanMember" xlink:label="ntic_The2007PlanMember" xlink:type="locator"/>
    <link:label xlink:label="ntic_The2007PlanMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">The 2007 Plan [Member]</link:label>
    <link:label xlink:label="ntic_The2007PlanMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents Northern Technologies International Corporation Amended and Restated 2007 Stock Incentive Plan.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ntic_The2007PlanMember" xlink:to="ntic_The2007PlanMember-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DisclosureTextBlockAbstract" xlink:label="us-gaap_DisclosureTextBlockAbstract" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_DisclosureTextBlockAbstract-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_DisclosureTextBlockAbstract</link:label>
    <link:label xlink:label="us-gaap_DisclosureTextBlockAbstract-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Notes to Financial Statements</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DisclosureTextBlockAbstract" xlink:to="us-gaap_DisclosureTextBlockAbstract-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ReconciliationOfRevenueFromSegmentsToConsolidatedTextBlock" xlink:label="us-gaap_ReconciliationOfRevenueFromSegmentsToConsolidatedTextBlock" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_ReconciliationOfRevenueFromSegmentsToConsolidatedTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Reconciliation of Revenue from Segments to Consolidated [Table Text Block]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ReconciliationOfRevenueFromSegmentsToConsolidatedTextBlock" xlink:to="us-gaap_ReconciliationOfRevenueFromSegmentsToConsolidatedTextBlock-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_SellingExpense" xlink:label="us-gaap_SellingExpense" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_SellingExpense-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Selling expenses</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SellingExpense" xlink:to="us-gaap_SellingExpense-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_InventoryRawMaterialsNetOfReserves" xlink:label="us-gaap_InventoryRawMaterialsNetOfReserves" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_InventoryRawMaterialsNetOfReserves-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_InventoryRawMaterialsNetOfReserves</link:label>
    <link:label xlink:label="us-gaap_InventoryRawMaterialsNetOfReserves-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Production materials</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InventoryRawMaterialsNetOfReserves" xlink:to="us-gaap_InventoryRawMaterialsNetOfReserves-label" xlink:type="arc"/>
    <link:loc xlink:href="ntic-20160831.xsd#ntic_ESPPMember" xlink:label="ntic_ESPPMember" xlink:type="locator"/>
    <link:label xlink:label="ntic_ESPPMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ESPP [Member]</link:label>
    <link:label xlink:label="ntic_ESPPMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents Northern Technologies International Corporation Employee Stock Purchase Plan (the ESPP).</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ntic_ESPPMember" xlink:to="ntic_ESPPMember-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_InventoryFinishedGoodsNetOfReserves" xlink:label="us-gaap_InventoryFinishedGoodsNetOfReserves" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_InventoryFinishedGoodsNetOfReserves-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_InventoryFinishedGoodsNetOfReserves</link:label>
    <link:label xlink:label="us-gaap_InventoryFinishedGoodsNetOfReserves-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Finished goods</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InventoryFinishedGoodsNetOfReserves" xlink:to="us-gaap_InventoryFinishedGoodsNetOfReserves-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_UseOfEstimates" xlink:label="us-gaap_UseOfEstimates" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_UseOfEstimates-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Use of Estimates, Policy [Policy Text Block]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_UseOfEstimates" xlink:to="us-gaap_UseOfEstimates-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesTableTextBlock" xlink:label="us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesTableTextBlock" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesTableTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Table Text Block]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesTableTextBlock" xlink:to="us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesTableTextBlock-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperationsAbstract" xlink:label="us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperationsAbstract" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperationsAbstract-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">CASH FLOWS FROM INVESTING ACTIVITIES:</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperationsAbstract" xlink:to="us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperationsAbstract-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_EarningsPerShareTextBlock" xlink:label="us-gaap_EarningsPerShareTextBlock" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_EarningsPerShareTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Earnings Per Share [Text Block]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_EarningsPerShareTextBlock" xlink:to="us-gaap_EarningsPerShareTextBlock-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_NumberOfReportableSegments" xlink:label="us-gaap_NumberOfReportableSegments" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_NumberOfReportableSegments-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_NumberOfReportableSegments</link:label>
    <link:label xlink:label="us-gaap_NumberOfReportableSegments-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Number of Reportable Segments</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NumberOfReportableSegments" xlink:to="us-gaap_NumberOfReportableSegments-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ResearchAndDevelopmentExpense" xlink:label="us-gaap_ResearchAndDevelopmentExpense" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_ResearchAndDevelopmentExpense-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Research and development expenses</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ResearchAndDevelopmentExpense" xlink:to="us-gaap_ResearchAndDevelopmentExpense-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_NumberOfOperatingSegments" xlink:label="us-gaap_NumberOfOperatingSegments" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_NumberOfOperatingSegments-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_NumberOfOperatingSegments</link:label>
    <link:label xlink:label="us-gaap_NumberOfOperatingSegments-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Number of Operating Segments</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NumberOfOperatingSegments" xlink:to="us-gaap_NumberOfOperatingSegments-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_EarningsPerShareAbstract" xlink:label="us-gaap_EarningsPerShareAbstract" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_EarningsPerShareAbstract-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">NET (LOSS) INCOME ATTRIBUTABLE TO NTIC PER COMMON SHARE:</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_EarningsPerShareAbstract" xlink:to="us-gaap_EarningsPerShareAbstract-label" xlink:type="arc"/>
  </link:labelLink>
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</XBRL>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-101.PRE
<SEQUENCE>14
<FILENAME>ntic-20160831_pre.xml
<DESCRIPTION>XBRL PRESENTATION FILE
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<span style="display: none;">v3.5.0.2</span><table class="report" border="0" cellspacing="2" id="idp6758190448">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Document And Entity Information - USD ($)<br> $ in Millions</strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
<th class="th" colspan="1"></th>
<th class="th" colspan="1"></th>
</tr>
<tr>
<th class="th"><div>Aug. 31, 2016</div></th>
<th class="th"><div>Nov. 22, 2016</div></th>
<th class="th"><div>Feb. 29, 2016</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_DocumentInformationLineItems', window );"><strong>Document Information [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityRegistrantName', window );">Entity Registrant Name</a></td>
<td class="text">Northern Technologies International Corporation<span></span>
</td>
<td class="text">&#160;<span></span>
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<td class="text">&#160;<span></span>
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<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityCentralIndexKey', window );">Entity Central Index Key</a></td>
<td class="text">0000875582<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
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<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_TradingSymbol', window );">Trading Symbol</a></td>
<td class="text">ntic<span></span>
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<td class="text">&#160;<span></span>
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<td class="text">&#160;<span></span>
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<td class="text">--08-31<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
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<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityFilerCategory', window );">Entity Filer Category</a></td>
<td class="text">Smaller Reporting Company<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
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<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityCurrentReportingStatus', window );">Entity Current Reporting Status</a></td>
<td class="text">Yes<span></span>
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<td class="text">&#160;<span></span>
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<td class="text">&#160;<span></span>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityVoluntaryFilers', window );">Entity Voluntary Filers</a></td>
<td class="text">No<span></span>
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<td class="text">&#160;<span></span>
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<td class="text">&#160;<span></span>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityWellKnownSeasonedIssuer', window );">Entity Well-known Seasoned Issuer</a></td>
<td class="text">No<span></span>
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<td class="text">&#160;<span></span>
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<td class="text">&#160;<span></span>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityCommonStockSharesOutstanding', window );">Entity Common Stock, Shares Outstanding (in shares)</a></td>
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<td class="nump">4,535,070<span></span>
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<td class="text">&#160;<span></span>
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<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityPublicFloat', window );">Entity Public Float</a></td>
<td class="text">&#160;<span></span>
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<td class="text">&#160;<span></span>
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<td class="nump">$ 47.2<span></span>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_DocumentType', window );">Document Type</a></td>
<td class="text">10-K<span></span>
</td>
<td class="text">&#160;<span></span>
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<td class="text">&#160;<span></span>
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<td class="text">Aug. 31,  2016<span></span>
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<td class="text">&#160;<span></span>
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<td class="text">&#160;<span></span>
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<td class="text">2016<span></span>
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<td class="text">&#160;<span></span>
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<td class="text">&#160;<span></span>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_DocumentFiscalPeriodFocus', window );">Document Fiscal Period Focus</a></td>
<td class="text">FY<span></span>
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<td class="text">&#160;<span></span>
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<td class="text">&#160;<span></span>
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<td class="text">false<span></span>
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<td class="text">&#160;<span></span>
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<td class="text">&#160;<span></span>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>If the value is true, then the document is an amendment to previously-filed/accepted document.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>End date of current fiscal year in the format --MM-DD.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>This is focus fiscal period of the document report. For a first quarter 2006 quarterly report, which may also provide financial information from prior periods, the first fiscal quarter should be given as the fiscal period focus. Values: FY, Q1, Q2, Q3, Q4, H1, H2, M9, T1, T2, T3, M8, CY.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>This is focus fiscal year of the document report in CCYY format. For a 2006 annual report, which may also provide financial information from prior periods, fiscal 2006 should be given as the fiscal year focus. Example: 2006.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The end date of the period reflected on the cover page if a periodic report. For all other reports and registration statements containing historical data, it is the date up through which that historical data is presented.  If there is no historical data in the report, use the filing date. The format of the date is CCYY-MM-DD.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<td><strong> Name:</strong></td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word "Other".</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Regulation 12B<br> -Number 240<br> -Section 12b<br> -Subsection 1<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Indicate number of shares or other units outstanding of each of registrant's classes of capital or common stock or other ownership interests, if and as stated on cover of related periodic report. Where multiple classes or units exist define each class/interest by adding class of stock items such as Common Class A [Member], Common Class B [Member] or Partnership Interest [Member] onto the Instrument [Domain] of the Entity Listings, Instrument.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityCommonStockSharesOutstanding</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityCurrentReportingStatus">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Indicate "Yes" or "No" whether registrants (1) have filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that registrants were required to file such reports), and (2) have been subject to such filing requirements for the past 90 days. This information should be based on the registrant's current or most recent filing containing the related disclosure.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityCurrentReportingStatus</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:yesNoItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityFilerCategory">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Indicate whether the registrant is one of the following: (1) Large Accelerated Filer, (2) Accelerated Filer, (3) Non-accelerated Filer, (4) Smaller Reporting Company (Non-accelerated) or (5) Smaller Reporting Accelerated Filer. Definitions of these categories are stated in Rule 12b-2 of the Exchange Act. This information should be based on the registrant's current or most recent filing containing the related disclosure.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityFilerCategory</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:filerCategoryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityPublicFloat">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>State aggregate market value of voting and non-voting common equity held by non-affiliates computed by reference to price at which the common equity was last sold, or average bid and asked price of such common equity, as of the last business day of registrant's most recently completed second fiscal quarter. The public float should be reported on the cover page of the registrants form 10K.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityPublicFloat</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityRegistrantName">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Regulation 12B<br> -Number 240<br> -Section 12b<br> -Subsection 1<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityRegistrantName</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityVoluntaryFilers">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Indicate "Yes" or "No" if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityVoluntaryFilers</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:yesNoItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityWellKnownSeasonedIssuer">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Indicate "Yes" or "No" if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Is used on Form Type: 10-K, 10-Q, 8-K, 20-F, 6-K, 10-K/A, 10-Q/A, 20-F/A, 6-K/A, N-CSR, N-Q, N-1A.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityWellKnownSeasonedIssuer</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:yesNoItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_TradingSymbol">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Trading symbol of an instrument as listed on an exchange.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_TradingSymbol</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>18
<FILENAME>R2.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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<span style="display: none;">v3.5.0.2</span><table class="report" border="0" cellspacing="2" id="idp6758666992">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Consolidated Balance Sheets - USD ($)<br></strong></div></th>
<th class="th"><div>Aug. 31, 2016</div></th>
<th class="th"><div>Aug. 31, 2015</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsCurrentAbstract', window );"><strong>CURRENT ASSETS:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RestrictedCashAndCashEquivalents', window );">Cash and cash equivalents</a></td>
<td class="nump">$ 3,395,274<span></span>
</td>
<td class="nump">$ 2,623,981<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesCurrent', window );">Available for sale securities</a></td>
<td class="nump">2,243,864<span></span>
</td>
<td class="nump">2,027,441<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ntic_TradeReceivablesExcludingJointVenturesNetCurrent', window );">Trade excluding joint ventures, less allowance for doubtful accounts of $40,000 at both August 31, 2016 and 2015</a></td>
<td class="nump">4,755,320<span></span>
</td>
<td class="nump">4,027,167<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ntic_TradeReceivablesJointVenturesCurrent', window );">Trade joint ventures</a></td>
<td class="nump">791,903<span></span>
</td>
<td class="nump">645,377<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ntic_FeesReceivableForServicesProvidedToJointVenturesCurrent', window );">Fees for services provided to joint ventures</a></td>
<td class="nump">1,406,587<span></span>
</td>
<td class="nump">1,449,162<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeTaxesReceivable', window );">Income taxes</a></td>
<td class="nump">215,905<span></span>
</td>
<td class="nump">198,462<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InventoryGross', window );">Inventories</a></td>
<td class="nump">7,711,287<span></span>
</td>
<td class="nump">7,468,441<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PrepaidExpenseCurrent', window );">Prepaid expenses</a></td>
<td class="nump">422,031<span></span>
</td>
<td class="nump">411,473<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DeferredTaxAssetsNetCurrent', window );">Deferred income taxes</a></td>
<td class="text"> <span></span>
</td>
<td class="nump">424,108<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsCurrent', window );">Total current assets</a></td>
<td class="nump">20,942,171<span></span>
</td>
<td class="nump">19,275,612<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PropertyPlantAndEquipmentNet', window );">PROPERTY AND EQUIPMENT, NET</a></td>
<td class="nump">7,275,872<span></span>
</td>
<td class="nump">7,293,163<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherAssetsAbstract', window );"><strong>OTHER ASSETS:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EquityMethodInvestments', window );">Investments in joint ventures</a></td>
<td class="nump">19,840,774<span></span>
</td>
<td class="nump">20,544,238<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CostMethodInvestments', window );">Investments at carrying value (Note 7)</a></td>
<td class="text"> <span></span>
</td>
<td class="nump">1,883,668<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DeferredTaxAssetsNetNoncurrent', window );">Deferred income taxes</a></td>
<td class="nump">1,639,762<span></span>
</td>
<td class="nump">1,176,012<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FiniteLivedIntangibleAssetsNet', window );">Patents and trademarks, net</a></td>
<td class="nump">1,278,597<span></span>
</td>
<td class="nump">1,262,219<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherAssetsNoncurrent', window );">Other</a></td>
<td class="nump">92,874<span></span>
</td>
<td class="nump">130,736<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsNoncurrent', window );">Total other assets</a></td>
<td class="nump">22,852,007<span></span>
</td>
<td class="nump">24,996,873<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_Assets', window );">Total assets</a></td>
<td class="nump">51,070,050<span></span>
</td>
<td class="nump">51,565,648<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilitiesCurrentAbstract', window );"><strong>CURRENT LIABILITIES:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsPayableCurrent', window );">Accounts payable</a></td>
<td class="nump">2,753,903<span></span>
</td>
<td class="nump">2,101,175<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccruedLiabilitiesCurrentAbstract', window );"><strong>Accrued liabilities:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EmployeeRelatedLiabilitiesCurrent', window );">Payroll and related benefits</a></td>
<td class="nump">938,363<span></span>
</td>
<td class="nump">1,056,257<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherAccruedLiabilitiesCurrent', window );">Other</a></td>
<td class="nump">301,836<span></span>
</td>
<td class="nump">514,409<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilitiesCurrent', window );">Total current liabilities</a></td>
<td class="nump">3,994,102<span></span>
</td>
<td class="nump">3,671,841<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CommitmentsAndContingencies', window );">COMMITMENTS AND CONTINGENCIES (Note 18)</a></td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EquityAbstract', window );"><strong>EQUITY:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PreferredStockValue', window );">Preferred stock, no par value; authorized 10,000 shares; none issued and outstanding</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CommonStockValue', window );">Common stock, $0.02 par value per share; authorized 10,000,000 shares; issued and outstanding 4,533,416 and 4,539,045, respectively</a></td>
<td class="nump">90,668<span></span>
</td>
<td class="nump">90,781<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AdditionalPaidInCapitalCommonStock', window );">Additional paid-in capital</a></td>
<td class="nump">13,798,567<span></span>
</td>
<td class="nump">13,441,264<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RetainedEarningsAccumulatedDeficit', window );">Retained earnings</a></td>
<td class="nump">33,655,357<span></span>
</td>
<td class="nump">34,522,871<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax', window );">Accumulated other comprehensive loss</a></td>
<td class="num">(3,009,617)<span></span>
</td>
<td class="num">(3,180,811)<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockholdersEquity', window );">Stockholders&#8217; equity</a></td>
<td class="nump">44,534,975<span></span>
</td>
<td class="nump">44,874,105<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MinorityInterest', window );">Non-controlling interests</a></td>
<td class="nump">2,540,973<span></span>
</td>
<td class="nump">3,019,702<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest', window );">Total equity</a></td>
<td class="nump">47,075,948<span></span>
</td>
<td class="nump">47,893,807<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilitiesAndStockholdersEquity', window );">Total liabilities and equity</a></td>
<td class="nump">$ 51,070,050<span></span>
</td>
<td class="nump">$ 51,565,648<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ntic_FeesReceivableForServicesProvidedToJointVenturesCurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amounts due for royalties and service fees outside of the normal course of business from entities in which the reporting entity shares joint control with another party or group, due within 1 year (or 1 business cycle).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ntic_FeesReceivableForServicesProvidedToJointVenturesCurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ntic_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ntic_TradeReceivablesExcludingJointVenturesNetCurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount due from customers or clients, but not joint ventures, within one year of the balance sheet date (or the normal operating cycle, whichever is longer), for goods or services (including trade receivables) that have been delivered or sold in the normal course of business, reduced to the estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ntic_TradeReceivablesExcludingJointVenturesNetCurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ntic_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ntic_TradeReceivablesJointVenturesCurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amounts due from joint ventures, within one year of the balance sheet date (or the normal operating cycle, whichever is longer) for goods or services (including trade receivables) that have been delivered or sold to joint ventures in the normal course of business.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ntic_TradeReceivablesJointVenturesCurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ntic_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AccountsPayableCurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.19(a))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AccountsPayableCurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AccruedLiabilitiesCurrentAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AccruedLiabilitiesCurrentAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Accumulated change in equity from transactions and other events and circumstances from non-owner sources, net of tax effect, at period end. Excludes Net Income (Loss), and accumulated changes in equity from transactions resulting from investments by owners and distributions to owners. Includes foreign currency translation items, certain pension adjustments, unrealized gains and losses on certain investments in debt and equity securities, other than temporary impairment (OTTI) losses related to factors other than credit losses on available-for-sale and held-to-maturity debt securities that an entity does not intend to sell and it is not more likely than not that the entity will be required to sell before recovery of the amortized cost basis, as well as changes in the fair value of derivatives related to the effective portion of a designated cash flow hedge.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section 45<br> -Paragraph 11<br> -URI http://asc.fasb.org/extlink&amp;oid=66004124&amp;loc=d3e637-108580<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section 45<br> -Paragraph 14<br> -URI http://asc.fasb.org/extlink&amp;oid=66004124&amp;loc=d3e681-108580<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section 45<br> -Paragraph 14A<br> -URI http://asc.fasb.org/extlink&amp;oid=66004124&amp;loc=SL7669686-108580<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AdditionalPaidInCapitalCommonStock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Value received from shareholders in common stock-related transactions that are in excess of par value or stated value and amounts received from other stock-related transactions. Includes only common stock transactions (excludes preferred stock transactions). May be called contributed capital, capital in excess of par, capital surplus, or paid-in capital.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(30)(a)(1))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AdditionalPaidInCapitalCommonStock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_Assets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-03(a)(12))<br> -URI http://asc.fasb.org/extlink&amp;oid=6879938&amp;loc=d3e572229-122910<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-03(11))<br> -URI http://asc.fasb.org/extlink&amp;oid=6876686&amp;loc=d3e534808-122878<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_Assets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AssetsCurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold, or consumed within one year (or the normal operating cycle, if longer). Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.9)<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section 45<br> -Paragraph 3<br> -URI http://asc.fasb.org/extlink&amp;oid=28358313&amp;loc=d3e6801-107765<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section 45<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=28358313&amp;loc=d3e6676-107765<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AssetsCurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AssetsCurrentAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AssetsCurrentAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AssetsNoncurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold or consumed after one year or beyond the normal operating cycle, if longer.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(14))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(10))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(12))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(15))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(11))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(13))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br>Reference 7: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(17))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br>Reference 8: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(16))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AssetsNoncurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AvailableForSaleSecuritiesCurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of investment in debt and equity securities categorized neither as trading securities nor held-to-maturity securities and intended be sold or mature one year or operating cycle, if longer.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 320<br> -SubTopic 10<br> -Section 25<br> -Paragraph 1<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=65884222&amp;loc=d3e22054-111558<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 320<br> -SubTopic 10<br> -Section 45<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=66010992&amp;loc=d3e26626-111562<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AvailableForSaleSecuritiesCurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CommitmentsAndContingencies">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Represents the caption on the face of the balance sheet to indicate that the entity has entered into (1) purchase or supply arrangements that will require expending a portion of its resources to meet the terms thereof, and (2) is exposed to potential losses or, less frequently, gains, arising from (a) possible claims against a company's resources due to future performance under contract terms, and (b) possible losses or likely gains from uncertainties that will ultimately be resolved when one or more future events that are deemed likely to occur do occur or fail to occur.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-03.(a),19)<br> -URI http://asc.fasb.org/extlink&amp;oid=6879938&amp;loc=d3e572229-122910<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 450<br> -SubTopic 20<br> -Section 50<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=25496072&amp;loc=d3e14326-108349<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-03.17)<br> -URI http://asc.fasb.org/extlink&amp;oid=6876686&amp;loc=d3e534808-122878<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.25)<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CommitmentsAndContingencies</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CommonStockValue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Aggregate par or stated value of issued nonredeemable common stock (or common stock redeemable solely at the option of the issuer). This item includes treasury stock repurchased by the entity. Note: elements for number of nonredeemable common shares, par value and other disclosure concepts are in another section within stockholders' equity.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(29))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CommonStockValue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CostMethodInvestments">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount, after adjustment, of cost-method investment. Adjustments include, but are not limited to, dividends received in excess of earnings after date of investment that are considered a return of investment and other than temporary impairments.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.12)<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 325<br> -SubTopic 20<br> -Section 50<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=6872867&amp;loc=d3e40691-111596<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 325<br> -SubTopic 20<br> -Section 35<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=29638308&amp;loc=d3e40346-111594<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CostMethodInvestments</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DeferredTaxAssetsNetCurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount after allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences and carryforwards classified as current.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=65882285&amp;loc=d3e32537-109319<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 45<br> -Paragraph 4<br> -URI http://asc.fasb.org/extlink&amp;oid=75116654&amp;loc=d3e31917-109318<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 45<br> -Paragraph 6<br> -URI http://asc.fasb.org/extlink&amp;oid=75116654&amp;loc=d3e31931-109318<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 45<br> -Paragraph 5<br> -URI http://asc.fasb.org/extlink&amp;oid=75116654&amp;loc=d3e31928-109318<br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 45<br> -Paragraph 9<br> -URI http://asc.fasb.org/extlink&amp;oid=75116654&amp;loc=d3e31958-109318<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DeferredTaxAssetsNetCurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DeferredTaxAssetsNetNoncurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount after allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences and carryforwards classified as noncurrent.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=65882285&amp;loc=d3e32537-109319<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 45<br> -Paragraph 6<br> -URI http://asc.fasb.org/extlink&amp;oid=75116654&amp;loc=d3e31931-109318<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 45<br> -Paragraph 5<br> -URI http://asc.fasb.org/extlink&amp;oid=75116654&amp;loc=d3e31928-109318<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 45<br> -Paragraph 9<br> -URI http://asc.fasb.org/extlink&amp;oid=75116654&amp;loc=d3e31958-109318<br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 45<br> -Paragraph 4<br> -URI http://asc.fasb.org/extlink&amp;oid=75116654&amp;loc=d3e31917-109318<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DeferredTaxAssetsNetNoncurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_EmployeeRelatedLiabilitiesCurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Total of the carrying values as of the balance sheet date of obligations incurred through that date and payable for obligations related to services received from employees, such as accrued salaries and bonuses, payroll taxes and fringe benefits. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.20)<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_EmployeeRelatedLiabilitiesCurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_EquityAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_EquityAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_EquityMethodInvestments">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>This item represents the carrying amount on the entity's balance sheet of its investment in common stock of an equity method investee. This is not an indicator of the fair value of the investment, rather it is the initial cost adjusted for the entity's share of earnings and losses of the investee, adjusted for any distributions (dividends) and other than temporary impairment (OTTI) losses recognized.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 323<br> -SubTopic 10<br> -Section 45<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=66022249&amp;loc=d3e33749-111570<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.12)<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_EquityMethodInvestments</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FiniteLivedIntangibleAssetsNet">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount after amortization of assets, excluding financial assets and goodwill, lacking physical substance with a finite life.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 350<br> -SubTopic 30<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (a)(1)<br> -URI http://asc.fasb.org/extlink&amp;oid=66006027&amp;loc=d3e16323-109275<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FiniteLivedIntangibleAssetsNet</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncomeTaxesReceivable">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Carrying amount due within one year of the balance sheet date (or one operating cycle, if longer) from tax authorities as of the balance sheet date representing refunds of overpayments or recoveries based on agreed-upon resolutions of disputes.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-03.5(c))<br> -URI http://asc.fasb.org/extlink&amp;oid=6879938&amp;loc=d3e572229-122910<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.3(a)(4))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-03.10)<br> -URI http://asc.fasb.org/extlink&amp;oid=6876686&amp;loc=d3e534808-122878<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncomeTaxesReceivable</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_InventoryGross">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Gross amount, as of the balance sheet date, of merchandise, goods, commodities, or supplies held for future sale or to be used in manufacturing, servicing or production process.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.6(a))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_InventoryGross</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LiabilitiesAndStockholdersEquity">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of liabilities and equity items, including the portion of equity attributable to noncontrolling interests, if any.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-03(23))<br> -URI http://asc.fasb.org/extlink&amp;oid=6876686&amp;loc=d3e534808-122878<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-03(a)(25))<br> -URI http://asc.fasb.org/extlink&amp;oid=6879938&amp;loc=d3e572229-122910<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(32))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LiabilitiesAndStockholdersEquity</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LiabilitiesCurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.21)<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LiabilitiesCurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LiabilitiesCurrentAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LiabilitiesCurrentAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_MinorityInterest">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Total of all stockholders' equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which is directly or indirectly attributable to that ownership interest in subsidiary equity which is not attributable to the parent (that is, noncontrolling interest, previously referred to as minority interest).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-03(22))<br> -URI http://asc.fasb.org/extlink&amp;oid=6876686&amp;loc=d3e534808-122878<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-03(a)(24))<br> -URI http://asc.fasb.org/extlink&amp;oid=6879938&amp;loc=d3e572229-122910<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.31)<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_MinorityInterest</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OtherAccruedLiabilitiesCurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of expenses incurred but not yet paid classified as other, due within one year or the normal operating cycle, if longer.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section 45<br> -Paragraph 9<br> -URI http://asc.fasb.org/extlink&amp;oid=28358313&amp;loc=d3e7018-107765<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Glossary Current Liabilities<br> -URI http://asc.fasb.org/extlink&amp;oid=6509677<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section 45<br> -Paragraph 6<br> -URI http://asc.fasb.org/extlink&amp;oid=28358313&amp;loc=d3e6911-107765<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section 45<br> -Paragraph 8<br> -URI http://asc.fasb.org/extlink&amp;oid=28358313&amp;loc=d3e6935-107765<br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.20)<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OtherAccruedLiabilitiesCurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OtherAssetsAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OtherAssetsAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OtherAssetsNoncurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of noncurrent assets classified as other.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.17)<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OtherAssetsNoncurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PreferredStockValue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Aggregate par or stated value of issued nonredeemable preferred stock (or preferred stock redeemable solely at the option of the issuer). This item includes treasury stock repurchased by the entity. Note: elements for number of nonredeemable preferred shares, par value and other disclosure concepts are in another section within stockholders' equity.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(28))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PreferredStockValue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PrepaidExpenseCurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of asset related to consideration paid in advance for costs that provide economic benefits within a future period of one year or the normal operating cycle, if longer.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section 45<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=28358313&amp;loc=d3e6787-107765<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 340<br> -SubTopic 10<br> -Section 05<br> -Paragraph 5<br> -URI http://asc.fasb.org/extlink&amp;oid=68074540&amp;loc=d3e5879-108316<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Glossary Current Assets<br> -URI http://asc.fasb.org/extlink&amp;oid=6509628<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section 45<br> -Paragraph 1<br> -Subparagraph (g)<br> -URI http://asc.fasb.org/extlink&amp;oid=28358313&amp;loc=d3e6676-107765<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PrepaidExpenseCurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PropertyPlantAndEquipmentNet">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(13))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(14))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-03(a)(8))<br> -URI http://asc.fasb.org/extlink&amp;oid=6879938&amp;loc=d3e572229-122910<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 360<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=6391035&amp;loc=d3e2868-110229<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PropertyPlantAndEquipmentNet</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RestrictedCashAndCashEquivalents">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The carrying amounts of cash and cash equivalent items which are restricted as to withdrawal or usage. Restrictions may include legally restricted deposits held as compensating balances against borrowing arrangements, contracts entered into with others, or entity statements of intention with regard to particular deposits; however, time deposits and short-term certificates of deposit are not generally included in legally restricted deposits. Excludes compensating balance arrangements that are not agreements which legally restrict the use of cash amounts shown on the balance sheet. This element is for unclassified presentations; for classified presentations there is a separate and distinct element.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.1)<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RestrictedCashAndCashEquivalents</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RetainedEarningsAccumulatedDeficit">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cumulative amount of the reporting entity's undistributed earnings or deficit.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-03(a)(23)(a)(4))<br> -URI http://asc.fasb.org/extlink&amp;oid=6879938&amp;loc=d3e572229-122910<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 505<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.3-04)<br> -URI http://asc.fasb.org/extlink&amp;oid=27012166&amp;loc=d3e187085-122770<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(30)(a)(3))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RetainedEarningsAccumulatedDeficit</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StockholdersEquity">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Total of all stockholders' equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity's stockholders' equity attributable to the parent excludes the amount of stockholders' equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(30))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 310<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SAB Topic 4.E)<br> -URI http://asc.fasb.org/extlink&amp;oid=27010918&amp;loc=d3e74512-122707<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(31))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(29))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StockholdersEquity</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of stockholders' equity (deficit), net of receivables from officers, directors, owners, and affiliates of the entity, attributable to both the parent and noncontrolling interests. Amount excludes temporary equity. Alternate caption for the concept is permanent equity.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 55<br> -Paragraph 4I<br> -URI http://asc.fasb.org/extlink&amp;oid=65897068&amp;loc=SL4590271-111686<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 45<br> -Paragraph 16<br> -URI http://asc.fasb.org/extlink&amp;oid=68079674&amp;loc=SL4568740-111683<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 45<br> -Paragraph 15<br> -URI http://asc.fasb.org/extlink&amp;oid=68079674&amp;loc=SL4568447-111683<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
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<span style="display: none;">v3.5.0.2</span><table class="report" border="0" cellspacing="2" id="idp6758683888">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Consolidated Balance Sheets (Parentheticals) - USD ($)<br></strong></div></th>
<th class="th"><div>Aug. 31, 2016</div></th>
<th class="th"><div>Aug. 31, 2015</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AllowanceForDoubtfulAccountsReceivableCurrent', window );">Trade allowance</a></td>
<td class="nump">$ 40,000<span></span>
</td>
<td class="nump">$ 40,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PreferredStockNoParValue', window );">Preferred stock, par value (in dollars per share)</a></td>
<td class="nump">$ 0<span></span>
</td>
<td class="nump">$ 0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PreferredStockSharesAuthorized', window );">Preferred stock, shares authorized (in shares)</a></td>
<td class="nump">10,000<span></span>
</td>
<td class="nump">10,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PreferredStockSharesIssued', window );">Preferred stock, shares issued (in shares)</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PreferredStockSharesOutstanding', window );">Preferred stock, shares outstanding (in shares)</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CommonStockParOrStatedValuePerShare', window );">Common stock par value (in dollars per share)</a></td>
<td class="nump">$ 0.02<span></span>
</td>
<td class="nump">$ 0.02<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CommonStockSharesAuthorized', window );">Common stock, shares authorized (in shares)</a></td>
<td class="nump">10,000,000<span></span>
</td>
<td class="nump">10,000,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CommonStockSharesIssued', window );">Common stock, shares issued (in shares)</a></td>
<td class="nump">4,533,416<span></span>
</td>
<td class="nump">4,539,045<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CommonStockSharesOutstanding', window );">Common stock, shares outstanding (in shares)</a></td>
<td class="nump">4,533,416<span></span>
</td>
<td class="nump">4,539,045<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AllowanceForDoubtfulAccountsReceivableCurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>A valuation allowance for trade and other receivables due to an Entity within one year (or the normal operating cycle, whichever is longer) that are expected to be uncollectible.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.4)<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 310<br> -SubTopic 10<br> -Section 50<br> -Paragraph 4<br> -URI http://asc.fasb.org/extlink&amp;oid=66008989&amp;loc=d3e5074-111524<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AllowanceForDoubtfulAccountsReceivableCurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CommonStockParOrStatedValuePerShare">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Face amount or stated value per share of common stock.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(29))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CommonStockParOrStatedValuePerShare</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:perShareItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CommonStockSharesAuthorized">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The maximum number of common shares permitted to be issued by an entity's charter and bylaws.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(29))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CommonStockSharesAuthorized</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CommonStockSharesIssued">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Total number of common shares of an entity that have been sold or granted to shareholders (includes common shares that were issued, repurchased and remain in the treasury). These shares represent capital invested by the firm's shareholders and owners, and may be all or only a portion of the number of shares authorized. Shares issued include shares outstanding and shares held in the treasury.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(29))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CommonStockSharesIssued</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CommonStockSharesOutstanding">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Number of shares of common stock outstanding. Common stock represent the ownership interest in a corporation.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(29))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 505<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=6928386&amp;loc=d3e21463-112644<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CommonStockSharesOutstanding</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PreferredStockNoParValue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Face amount per share of no-par value preferred stock nonredeemable or redeemable solely at the option of the issuer.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(28))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PreferredStockNoParValue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:perShareItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PreferredStockSharesAuthorized">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The maximum number of nonredeemable preferred shares (or preferred stock redeemable solely at the option of the issuer) permitted to be issued by an entity's charter and bylaws.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(28))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PreferredStockSharesAuthorized</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PreferredStockSharesIssued">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Total number of nonredeemable preferred shares (or preferred stock redeemable solely at the option of the issuer) issued to shareholders (includes related preferred shares that were issued, repurchased, and remain in the treasury). May be all or portion of the number of preferred shares authorized. Excludes preferred shares that are classified as debt.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(28))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PreferredStockSharesIssued</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PreferredStockSharesOutstanding">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Aggregate share number for all nonredeemable preferred stock (or preferred stock redeemable solely at the option of the issuer) held by stockholders. Does not include preferred shares that have been repurchased.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(28))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PreferredStockSharesOutstanding</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
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<head>
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<span style="display: none;">v3.5.0.2</span><table class="report" border="0" cellspacing="2" id="idp6759387056">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Consolidated Statements of Operations - USD ($)<br></strong></div></th>
<th class="th" colspan="2">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Aug. 31, 2016</div></th>
<th class="th"><div>Aug. 31, 2015</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RevenuesAbstract', window );"><strong>NET SALES:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ntic_NetSalesExcludingJointVentures', window );">Net sales, excluding joint ventures</a></td>
<td class="nump">$ 30,211,660<span></span>
</td>
<td class="nump">$ 27,491,392<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ntic_NetSalesToJointVentures', window );">Net sales, to joint ventures</a></td>
<td class="nump">2,721,905<span></span>
</td>
<td class="nump">2,831,301<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SalesRevenueNet', window );">Total net sales</a></td>
<td class="nump">32,933,565<span></span>
</td>
<td class="nump">30,322,693<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CostOfGoodsSold', window );">Cost of goods sold</a></td>
<td class="nump">22,320,156<span></span>
</td>
<td class="nump">20,555,932<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_GrossProfit', window );">Gross profit</a></td>
<td class="nump">10,613,409<span></span>
</td>
<td class="nump">9,766,761<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ntic_JointVentureOperations', window );"><strong>JOINT VENTURE OPERATIONS:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeLossFromEquityMethodInvestments', window );">Equity in income from joint ventures</a></td>
<td class="nump">4,743,831<span></span>
</td>
<td class="nump">5,936,565<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ntic_FeesForServicesProvidedToJointVentures', window );">Fees for services provided to joint ventures</a></td>
<td class="nump">5,137,710<span></span>
</td>
<td class="nump">5,715,491<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherOperatingIncome', window );">Total joint venture operations</a></td>
<td class="nump">9,881,541<span></span>
</td>
<td class="nump">11,652,056<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OperatingExpensesAbstract', window );"><strong>OPERATING EXPENSES:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SellingExpense', window );">Selling expenses</a></td>
<td class="nump">6,255,353<span></span>
</td>
<td class="nump">5,820,748<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_GeneralAndAdministrativeExpense', window );">General and administrative expenses</a></td>
<td class="nump">7,230,557<span></span>
</td>
<td class="nump">6,531,576<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherCostOfOperatingRevenue', window );">Expenses incurred in support of joint ventures</a></td>
<td class="nump">1,001,812<span></span>
</td>
<td class="nump">1,867,570<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ResearchAndDevelopmentExpense', window );">Research and development expenses</a></td>
<td class="nump">4,724,596<span></span>
</td>
<td class="nump">4,047,279<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OperatingExpenses', window );">Total operating expenses</a></td>
<td class="nump">19,212,318<span></span>
</td>
<td class="nump">18,267,173<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OperatingIncomeLoss', window );">OPERATING INCOME</a></td>
<td class="nump">1,282,632<span></span>
</td>
<td class="nump">3,151,644<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InvestmentIncomeInterest', window );">INTEREST INCOME</a></td>
<td class="nump">42,115<span></span>
</td>
<td class="nump">34,835<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InterestExpense', window );">INTEREST EXPENSE</a></td>
<td class="num">(13,261)<span></span>
</td>
<td class="num">(20,960)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CostmethodInvestmentsOtherThanTemporaryImpairment', window );">IMPAIRMENT ON INVESTMENT AT CARRYING VALUE (Note 7)</a></td>
<td class="num">(1,883,668)<span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherNonoperatingIncomeExpense', window );">OTHER INCOME</a></td>
<td class="text"> <span></span>
</td>
<td class="nump">515<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeLossIncludingPortionAttributableToNoncontrollingInterest', window );">(LOSS) INCOME BEFORE INCOME TAX EXPENSE</a></td>
<td class="num">(572,182)<span></span>
</td>
<td class="nump">3,166,034<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeTaxExpenseBenefit', window );">INCOME TAX EXPENSE</a></td>
<td class="nump">626,120<span></span>
</td>
<td class="nump">648,674<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ProfitLoss', window );">NET (LOSS) INCOME</a></td>
<td class="num">(1,198,302)<span></span>
</td>
<td class="nump">2,517,360<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetIncomeLossAttributableToNoncontrollingInterest', window );">NET (LOSS) INCOME ATTRIBUTABLE TO NON-CONTROLLING INTERESTS</a></td>
<td class="num">(330,788)<span></span>
</td>
<td class="nump">727,789<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetIncomeLoss', window );">NET (LOSS) INCOME ATTRIBUTABLE TO NTIC</a></td>
<td class="num">$ (867,514)<span></span>
</td>
<td class="nump">$ 1,789,571<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EarningsPerShareAbstract', window );"><strong>NET (LOSS) INCOME ATTRIBUTABLE TO NTIC PER COMMON SHARE:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EarningsPerShareBasic', window );">Basic (in dollars per share)</a></td>
<td class="num">$ (0.19)<span></span>
</td>
<td class="nump">$ 0.40<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EarningsPerShareDiluted', window );">Diluted (in dollars per share)</a></td>
<td class="num">$ (0.19)<span></span>
</td>
<td class="nump">$ 0.38<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ntic_WeightedAverageNumberOfSharesOutstandingBasicAndDilutedAbstract', window );"><strong>WEIGHTED AVERAGE COMMON SHARES ASSUMED OUTSTANDING:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_WeightedAverageNumberOfSharesOutstandingBasic', window );">Basic (in shares)</a></td>
<td class="nump">4,537,504<span></span>
</td>
<td class="nump">4,521,788<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding', window );">Diluted (in shares)</a></td>
<td class="nump">4,537,504<span></span>
</td>
<td class="nump">4,649,060<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ntic_FeesForServicesProvidedToJointVentures">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Royalties and service fees from transactions directly with the reporting entity's joint ventures outside the normal course of business.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ntic_FeesForServicesProvidedToJointVentures</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ntic_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ntic_JointVentureOperations">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Joint venture operations</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ntic_JointVentureOperations</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ntic_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ntic_NetSalesExcludingJointVentures">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Net sales either directly to end users or to distributors worldwide, but not sales to the reporting entity's joint ventures and not sales by the reporting entity's joint ventures.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ntic_NetSalesExcludingJointVentures</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ntic_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ntic_NetSalesToJointVentures">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Net sales by the reporting entity to the reporting entity's joint ventures, but not sales by the reporting entity either directly to end users or to distributors or sales by the reporting entity&#8217;s joint ventures.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ntic_NetSalesToJointVentures</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ntic_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ntic_WeightedAverageNumberOfSharesOutstandingBasicAndDilutedAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Weighted average number of shares outstanding, basic and diluted[abstract]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ntic_WeightedAverageNumberOfSharesOutstandingBasicAndDilutedAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ntic_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CostOfGoodsSold">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Total costs related to goods produced and sold during the reporting period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 225<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03.2(a))<br> -URI http://asc.fasb.org/extlink&amp;oid=63488584&amp;loc=d3e20235-122688<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CostOfGoodsSold</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CostmethodInvestmentsOtherThanTemporaryImpairment">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>This item represents an other than temporary decline in value that has been recognized against an investment accounted for under the cost method of accounting. The excess of the carrying amount over the fair value of the investment represents the amount of the write down which is or was reflected in earnings. The written down value is a new cost basis with the adjusted value of the investment becoming its new carrying value. Evidence of a loss in value might include, but would not necessarily be limited to, absence of an ability to recover the carrying amount of the investment or inability of the investee to sustain an earnings capacity which would justify the carrying amount of the investment.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 325<br> -SubTopic 20<br> -Section 50<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=6872867&amp;loc=d3e40691-111596<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CostmethodInvestmentsOtherThanTemporaryImpairment</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_EarningsPerShareAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_EarningsPerShareAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_EarningsPerShareBasic">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 260<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=6371337&amp;loc=d3e3550-109257<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 260<br> -SubTopic 10<br> -Section 55<br> -Paragraph 52<br> -URI http://asc.fasb.org/extlink&amp;oid=65016374&amp;loc=d3e4984-109258<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 225<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-04(19))<br> -URI http://asc.fasb.org/extlink&amp;oid=6879464&amp;loc=d3e573970-122913<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 260<br> -SubTopic 10<br> -Section 45<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=64863997&amp;loc=d3e1252-109256<br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 225<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03(21))<br> -URI http://asc.fasb.org/extlink&amp;oid=63488584&amp;loc=d3e20235-122688<br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 225<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-04(23))<br> -URI http://asc.fasb.org/extlink&amp;oid=6879574&amp;loc=d3e536633-122882<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_EarningsPerShareBasic</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:perShareItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_EarningsPerShareDiluted">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 225<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-04(19))<br> -URI http://asc.fasb.org/extlink&amp;oid=6879464&amp;loc=d3e573970-122913<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 260<br> -SubTopic 10<br> -Section 45<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=64863997&amp;loc=d3e1252-109256<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 225<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03(21))<br> -URI http://asc.fasb.org/extlink&amp;oid=63488584&amp;loc=d3e20235-122688<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 225<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-04(23))<br> -URI http://asc.fasb.org/extlink&amp;oid=6879574&amp;loc=d3e536633-122882<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_EarningsPerShareDiluted</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:perShareItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_GeneralAndAdministrativeExpense">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 225<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03.4)<br> -URI http://asc.fasb.org/extlink&amp;oid=63488584&amp;loc=d3e20235-122688<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_GeneralAndAdministrativeExpense</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_GrossProfit">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Aggregate revenue less cost of goods and services sold or operating expenses directly attributable to the revenue generation activity.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 225<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03.1,2)<br> -URI http://asc.fasb.org/extlink&amp;oid=63488584&amp;loc=d3e20235-122688<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_GrossProfit</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncomeLossFromEquityMethodInvestments">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>This item represents the entity's proportionate share for the period of the net income (loss) of its investee (such as unconsolidated subsidiaries and joint ventures) to which the equity method of accounting is applied. This item includes income or expense related to stock-based compensation based on the investor's grant of stock to employees of an equity method investee.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 225<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03(12))<br> -URI http://asc.fasb.org/extlink&amp;oid=63488584&amp;loc=d3e20235-122688<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 225<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-04(10))<br> -URI http://asc.fasb.org/extlink&amp;oid=6879464&amp;loc=d3e573970-122913<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 28<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=66902209&amp;loc=d3e3602-108585<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 323<br> -SubTopic 10<br> -Section 45<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=66022249&amp;loc=d3e33749-111570<br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 225<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-04(13)(f))<br> -URI http://asc.fasb.org/extlink&amp;oid=6879574&amp;loc=d3e536633-122882<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncomeLossFromEquityMethodInvestments</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncomeLossIncludingPortionAttributableToNoncontrollingInterest">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The consolidated profit or loss for the period including the portion attributable to the noncontrolling interest.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 225<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03.18)<br> -URI http://asc.fasb.org/extlink&amp;oid=63488584&amp;loc=d3e20235-122688<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncomeLossIncludingPortionAttributableToNoncontrollingInterest</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncomeTaxExpenseBenefit">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 50<br> -Paragraph 9<br> -Subparagraph (a),(b)<br> -URI http://asc.fasb.org/extlink&amp;oid=65882285&amp;loc=d3e32639-109319<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 235<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.4-08.(h))<br> -URI http://asc.fasb.org/extlink&amp;oid=26873400&amp;loc=d3e23780-122690<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Glossary Income Tax Expense (or Benefit)<br> -URI http://asc.fasb.org/extlink&amp;oid=6515339<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncomeTaxExpenseBenefit</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_InterestExpense">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of the cost of borrowed funds accounted for as interest expense.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 835<br> -SubTopic 20<br> -Section 50<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=6450988&amp;loc=d3e26243-108391<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 835<br> -SubTopic 30<br> -Section 45<br> -Paragraph 3<br> -URI http://asc.fasb.org/extlink&amp;oid=64930785&amp;loc=d3e28555-108399<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 225<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-04.9)<br> -URI http://asc.fasb.org/extlink&amp;oid=6879574&amp;loc=d3e536633-122882<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_InterestExpense</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_InvestmentIncomeInterest">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount before accretion (amortization) of purchase discount (premium) of interest income on nonoperating securities.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 225<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03.7(b))<br> -URI http://asc.fasb.org/extlink&amp;oid=63488584&amp;loc=d3e20235-122688<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_InvestmentIncomeInterest</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NetIncomeLoss">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Glossary Net Income<br> -URI http://asc.fasb.org/extlink&amp;oid=51831255<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 28<br> -URI http://asc.fasb.org/extlink&amp;oid=66902209&amp;loc=d3e3602-108585<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 260<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=6371337&amp;loc=d3e3550-109257<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 225<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-04(22))<br> -URI http://asc.fasb.org/extlink&amp;oid=6879574&amp;loc=d3e536633-122882<br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 225<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-04(18))<br> -URI http://asc.fasb.org/extlink&amp;oid=6879464&amp;loc=d3e573970-122913<br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Glossary Other Comprehensive Income<br> -URI http://asc.fasb.org/extlink&amp;oid=51831270<br><br>Reference 7: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 225<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03(20))<br> -URI http://asc.fasb.org/extlink&amp;oid=63488584&amp;loc=d3e20235-122688<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_NetIncomeLoss</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NetIncomeLossAttributableToNoncontrollingInterest">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of Net Income (Loss) attributable to noncontrolling interest.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 55<br> -Paragraph 4J<br> -URI http://asc.fasb.org/extlink&amp;oid=65897068&amp;loc=SL4591551-111686<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1A<br> -Subparagraph (a)(2)<br> -URI http://asc.fasb.org/extlink&amp;oid=64809438&amp;loc=SL4573702-111684<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_NetIncomeLossAttributableToNoncontrollingInterest</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OperatingExpenses">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OperatingExpenses</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OperatingExpensesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The net result for the period of deducting operating expenses from operating revenues.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Other costs incurred during the reporting period related to other revenue generating activities.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 225<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03.2)<br> -URI http://asc.fasb.org/extlink&amp;oid=63488584&amp;loc=d3e20235-122688<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of income (expense) related to nonoperating activities, classified as other.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 225<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03.9)<br> -URI http://asc.fasb.org/extlink&amp;oid=63488584&amp;loc=d3e20235-122688<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The total amount of other operating income, the components of which are not separately disclosed on the income statement, from items that are associated with the entity's normal revenue producing operation.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 225<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03.1)<br> -URI http://asc.fasb.org/extlink&amp;oid=63488584&amp;loc=d3e20235-122688<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OtherOperatingIncome</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
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<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
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<tr>
<td><strong> Balance Type:</strong></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ProfitLoss">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 55<br> -Paragraph 4K<br> -URI http://asc.fasb.org/extlink&amp;oid=65897068&amp;loc=SL4591552-111686<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 45<br> -Paragraph 19<br> -URI http://asc.fasb.org/extlink&amp;oid=68079674&amp;loc=SL4569616-111683<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1A<br> -Subparagraph (c)(1)<br> -URI http://asc.fasb.org/extlink&amp;oid=64809438&amp;loc=SL4573702-111684<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 55<br> -Paragraph 4J<br> -URI http://asc.fasb.org/extlink&amp;oid=65897068&amp;loc=SL4591551-111686<br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1A<br> -Subparagraph (a)(2)<br> -URI http://asc.fasb.org/extlink&amp;oid=64809438&amp;loc=SL4573702-111684<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ProfitLoss</td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ResearchAndDevelopmentExpense">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The aggregate costs incurred (1) in a planned search or critical investigation aimed at discovery of new knowledge with the hope that such knowledge will be useful in developing a new product or service, a new process or technique, or in bringing about a significant improvement to an existing product or process; or (2) to translate research findings or other knowledge into a plan or design for a new product or process or for a significant improvement to an existing product or process whether intended for sale or the entity's use, during the reporting period charged to research and development projects, including the costs of developing computer software up to the point in time of achieving technological feasibility, and costs allocated in accounting for a business combination to in-process projects deemed to have no alternative future use.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 730<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=6420194&amp;loc=d3e21568-108373<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 985<br> -SubTopic 20<br> -Section 50<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=6501960&amp;loc=d3e128462-111756<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ResearchAndDevelopmentExpense</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
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<tr>
<td><strong> Balance Type:</strong></td>
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<td><strong> Period Type:</strong></td>
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</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RevenuesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RevenuesAbstract</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_SalesRevenueNet">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Total revenue from sale of goods and services rendered during the reporting period, in the normal course of business, reduced by sales returns and allowances, and sales discounts.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 225<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03.1)<br> -URI http://asc.fasb.org/extlink&amp;oid=63488584&amp;loc=d3e20235-122688<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_SalesRevenueNet</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
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<td><strong> Data Type:</strong></td>
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<td><strong> Balance Type:</strong></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Expenses recognized in the period that are directly related to the selling and distribution of products or services.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 225<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03.4)<br> -URI http://asc.fasb.org/extlink&amp;oid=63488584&amp;loc=d3e20235-122688<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_SellingExpense</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
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<tr>
<td><strong> Data Type:</strong></td>
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<td><strong> Balance Type:</strong></td>
<td>debit</td>
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<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 260<br> -SubTopic 10<br> -Section 45<br> -Paragraph 16<br> -URI http://asc.fasb.org/extlink&amp;oid=64863997&amp;loc=d3e1505-109256<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 260<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=6371337&amp;loc=d3e3550-109257<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
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<td><strong> Data Type:</strong></td>
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<td><strong> Balance Type:</strong></td>
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<td><strong> Period Type:</strong></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 260<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=6371337&amp;loc=d3e3550-109257<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 260<br> -SubTopic 10<br> -Section 45<br> -Paragraph 10<br> -URI http://asc.fasb.org/extlink&amp;oid=64863997&amp;loc=d3e1448-109256<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Glossary Weighted-Average Number of Common Shares Outstanding<br> -URI http://asc.fasb.org/extlink&amp;oid=6528421<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_WeightedAverageNumberOfSharesOutstandingBasic</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
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<span style="display: none;">v3.5.0.2</span><table class="report" border="0" cellspacing="2" id="idp6918347344">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Consolidated Statements of Comprehensive (Loss) Income - USD ($)<br></strong></div></th>
<th class="th" colspan="2">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Aug. 31, 2016</div></th>
<th class="th"><div>Aug. 31, 2015</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ProfitLoss', window );">NET (LOSS) INCOME</a></td>
<td class="num">$ (1,198,302)<span></span>
</td>
<td class="nump">$ 2,517,360<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax', window );">OTHER COMPREHENSIVE (LOSS) INCOME &#8211; FOREIGN CURRENCY TRANSLATION ADJUSTMENT</a></td>
<td class="nump">223,253<span></span>
</td>
<td class="num">(3,835,705)<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest', window );">COMPREHENSIVE LOSS</a></td>
<td class="num">(975,049)<span></span>
</td>
<td class="num">(1,318,345)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest', window );">COMPREHENSIVE (LOSS) INCOME ATTRIBUTABLE TO NON-CONTROLLING INTERESTS</a></td>
<td class="num">(278,729)<span></span>
</td>
<td class="nump">326,820<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ComprehensiveIncomeNetOfTax', window );">COMPREHENSIVE LOSS ATTRIBUTABLE TO NTIC</a></td>
<td class="num">$ (696,320)<span></span>
</td>
<td class="num">$ (1,645,165)<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ComprehensiveIncomeNetOfTax">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income, attributable to parent entity. Excludes changes in equity resulting from investments by owners and distributions to owners.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Glossary Other Comprehensive Income<br> -URI http://asc.fasb.org/extlink&amp;oid=51831270<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Glossary Comprehensive Income<br> -URI http://asc.fasb.org/extlink&amp;oid=51831223<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section 45<br> -Paragraph 5<br> -URI http://asc.fasb.org/extlink&amp;oid=66004124&amp;loc=d3e557-108580<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Glossary Net Income<br> -URI http://asc.fasb.org/extlink&amp;oid=51831255<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ComprehensiveIncomeNetOfTax</td>
</tr>
<tr>
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<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income (loss) and other comprehensive income (loss), attributable to noncontrolling interests. Excludes changes in equity resulting from investments by owners and distributions to owners.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 45<br> -Paragraph 21<br> -URI http://asc.fasb.org/extlink&amp;oid=68079674&amp;loc=SL4613674-111683<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 45<br> -Paragraph 20<br> -URI http://asc.fasb.org/extlink&amp;oid=68079674&amp;loc=SL4569643-111683<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 55<br> -Paragraph 4K<br> -URI http://asc.fasb.org/extlink&amp;oid=65897068&amp;loc=SL4591552-111686<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income. Excludes changes in equity resulting from investments by owners and distributions to owners.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 45<br> -Paragraph 19<br> -URI http://asc.fasb.org/extlink&amp;oid=68079674&amp;loc=SL4569616-111683<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 55<br> -Paragraph 4K<br> -URI http://asc.fasb.org/extlink&amp;oid=65897068&amp;loc=SL4591552-111686<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
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<td><strong> Balance Type:</strong></td>
<td>credit</td>
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<td>duration</td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount after tax and reclassification adjustments of gain (loss) on foreign currency translation adjustments, foreign currency transactions designated and effective as economic hedges of a net investment in a foreign entity and intra-entity foreign currency transactions that are of a long-term-investment nature.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 830<br> -SubTopic 30<br> -Section 45<br> -Paragraph 20<br> -Subparagraph (b,c)<br> -URI http://asc.fasb.org/extlink&amp;oid=64808268&amp;loc=d3e32211-110900<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section 45<br> -Paragraph 10A<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=66004124&amp;loc=SL7669646-108580<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax</td>
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<td><strong> Balance Type:</strong></td>
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 55<br> -Paragraph 4K<br> -URI http://asc.fasb.org/extlink&amp;oid=65897068&amp;loc=SL4591552-111686<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 45<br> -Paragraph 19<br> -URI http://asc.fasb.org/extlink&amp;oid=68079674&amp;loc=SL4569616-111683<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1A<br> -Subparagraph (c)(1)<br> -URI http://asc.fasb.org/extlink&amp;oid=64809438&amp;loc=SL4573702-111684<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 55<br> -Paragraph 4J<br> -URI http://asc.fasb.org/extlink&amp;oid=65897068&amp;loc=SL4591551-111686<br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1A<br> -Subparagraph (a)(2)<br> -URI http://asc.fasb.org/extlink&amp;oid=64809438&amp;loc=SL4573702-111684<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ProfitLoss</td>
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<span style="display: none;">v3.5.0.2</span><table class="report" border="0" cellspacing="2" id="idp6759183728">
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<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Consolidated Statements of Equity - USD ($)<br></strong></div></th>
<th class="th"><div>Common Stock [Member]</div></th>
<th class="th"><div>Additional Paid-in Capital [Member]</div></th>
<th class="th"><div>Retained Earnings [Member]</div></th>
<th class="th"><div>AOCI Attributable to Parent [Member]</div></th>
<th class="th"><div>Noncontrolling Interest [Member]</div></th>
<th class="th"><div>Total</div></th>
</tr>
<tr class="rc">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SharesOutstanding', window );">BALANCE (in shares) at Aug. 31, 2014</a></td>
<td class="nump">4,504,552<span></span>
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<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
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<td class="text">&#160;<span></span>
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<td class="text">&#160;<span></span>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest', window );">BALANCE at Aug. 31, 2014</a></td>
<td class="nump">$ 90,092<span></span>
</td>
<td class="nump">$ 12,676,546<span></span>
</td>
<td class="nump">$ 32,733,300<span></span>
</td>
<td class="nump">$ 253,925<span></span>
</td>
<td class="nump">$ 3,837,257<span></span>
</td>
<td class="nump">$ 49,591,120<span></span>
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</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockRepurchasedAndRetiredDuringPeriodShares', window );">Repurchase of common stock (in shares)</a></td>
<td class="num">(1,587)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
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<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockRepurchasedAndRetiredDuringPeriodValue', window );">Repurchase of common stock</a></td>
<td class="num">$ (32)<span></span>
</td>
<td class="num">(24,314)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">$ (24,346)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercised', window );">Options Exercised (in shares)</a></td>
<td class="nump">32,874<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">38,333<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockIssuedDuringPeriodValueStockOptionsExercised', window );">Exercise of stock options</a></td>
<td class="nump">$ 657<span></span>
</td>
<td class="nump">235,432<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 236,089<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockIssuedDuringPeriodSharesEmployeeStockPurchasePlans', window );">Stock issued for employee stock purchase plan (in shares)</a></td>
<td class="nump">3,206<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockIssuedDuringPeriodValueEmployeeStockPurchasePlan', window );">Stock issued for employee stock purchase plan</a></td>
<td class="nump">$ 64<span></span>
</td>
<td class="nump">57,917<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">57,981<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationAndExerciseOfStockOptions', window );">Stock option expense</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">495,683<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">495,683<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders', window );">Dividend received by non-controlling interest</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(1,160,000)<span></span>
</td>
<td class="num">(1,160,000)<span></span>
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<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance', window );">Investment by non-controlling interest</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">15,625<span></span>
</td>
<td class="nump">15,625<span></span>
</td>
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<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest', window );">Comprehensive income (loss)</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">1,789,571<span></span>
</td>
<td class="num">(3,434,736)<span></span>
</td>
<td class="nump">326,820<span></span>
</td>
<td class="num">(1,318,345)<span></span>
</td>
</tr>
<tr class="rc">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SharesOutstanding', window );">BALANCE (in shares) at Aug. 31, 2015</a></td>
<td class="nump">4,539,045<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rc">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest', window );">BALANCE at Aug. 31, 2015</a></td>
<td class="nump">$ 90,781<span></span>
</td>
<td class="nump">13,441,264<span></span>
</td>
<td class="nump">34,522,871<span></span>
</td>
<td class="num">(3,180,811)<span></span>
</td>
<td class="nump">3,019,702<span></span>
</td>
<td class="nump">$ 47,893,807<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockRepurchasedAndRetiredDuringPeriodShares', window );">Repurchase of common stock (in shares)</a></td>
<td class="num">(11,211)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(11,211)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockRepurchasedAndRetiredDuringPeriodValue', window );">Repurchase of common stock</a></td>
<td class="num">$ (225)<span></span>
</td>
<td class="num">(138,656)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">$ (138,881)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercised', window );">Options Exercised (in shares)</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockIssuedDuringPeriodSharesEmployeeStockPurchasePlans', window );">Stock issued for employee stock purchase plan (in shares)</a></td>
<td class="nump">5,582<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockIssuedDuringPeriodValueEmployeeStockPurchasePlan', window );">Stock issued for employee stock purchase plan</a></td>
<td class="nump">$ 112<span></span>
</td>
<td class="nump">68,522<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 68,634<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationAndExerciseOfStockOptions', window );">Stock option expense</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">427,437<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">427,437<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders', window );">Dividend received by non-controlling interest</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(200,000)<span></span>
</td>
<td class="num">(200,000)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest', window );">Comprehensive income (loss)</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(867,514)<span></span>
</td>
<td class="nump">171,194<span></span>
</td>
<td class="num">(278,729)<span></span>
</td>
<td class="num">(975,049)<span></span>
</td>
</tr>
<tr class="rc">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SharesOutstanding', window );">BALANCE (in shares) at Aug. 31, 2016</a></td>
<td class="nump">4,533,416<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rc">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest', window );">BALANCE at Aug. 31, 2016</a></td>
<td class="nump">$ 90,668<span></span>
</td>
<td class="nump">$ 13,798,567<span></span>
</td>
<td class="nump">$ 33,655,357<span></span>
</td>
<td class="num">$ (3,009,617)<span></span>
</td>
<td class="nump">$ 2,540,973<span></span>
</td>
<td class="nump">$ 47,075,948<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationAndExerciseOfStockOptions">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Changes in additional paid in capital related to exercise of share-based payments awards (such as stock options) and the amount of recognized equity-based compensation during the period (such as nonvested shares).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationAndExerciseOfStockOptions</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income. Excludes changes in equity resulting from investments by owners and distributions to owners.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 45<br> -Paragraph 19<br> -URI http://asc.fasb.org/extlink&amp;oid=68079674&amp;loc=SL4569616-111683<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 55<br> -Paragraph 4K<br> -URI http://asc.fasb.org/extlink&amp;oid=65897068&amp;loc=SL4591552-111686<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Decrease in noncontrolling interest balance from payment of dividends or other distributions by the non-wholly owned subsidiary or partially owned entity, included in the consolidation of the parent entity, to the noncontrolling interest holders.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 505<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.3-04)<br> -URI http://asc.fasb.org/extlink&amp;oid=27012166&amp;loc=d3e187085-122770<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of increase in noncontrolling interest from subsidiary issuance of equity interests to noncontrolling interest holders.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 505<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=27012166&amp;loc=d3e187085-122770<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1A<br> -Subparagraph (c)(2)<br> -URI http://asc.fasb.org/extlink&amp;oid=64809438&amp;loc=SL4573702-111684<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 45<br> -Paragraph 23<br> -URI http://asc.fasb.org/extlink&amp;oid=68079674&amp;loc=SL4569655-111683<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_SharesOutstanding">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Number of shares issued which are neither cancelled nor held in the treasury.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_SharesOutstanding</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StockIssuedDuringPeriodSharesEmployeeStockPurchasePlans">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Number of shares issued during the period as a result of an employee stock purchase plan.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 505<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=6928386&amp;loc=d3e21463-112644<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(29))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(28))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 505<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.3-04)<br> -URI http://asc.fasb.org/extlink&amp;oid=27012166&amp;loc=d3e187085-122770<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StockIssuedDuringPeriodSharesEmployeeStockPurchasePlans</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercised">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Number of share options (or share units) exercised during the current period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(29))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 505<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=6928386&amp;loc=d3e21463-112644<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(28))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 505<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.3-04)<br> -URI http://asc.fasb.org/extlink&amp;oid=27012166&amp;loc=d3e187085-122770<br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 718<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (c)(1)(iv)(2)<br> -URI http://asc.fasb.org/extlink&amp;oid=6415400&amp;loc=d3e5070-113901<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercised</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StockIssuedDuringPeriodValueEmployeeStockPurchasePlan">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Aggregate change in value for stock issued during the period as a result of employee stock purchase plan.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 505<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=6928386&amp;loc=d3e21463-112644<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(28))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(29))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 505<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.3-04)<br> -URI http://asc.fasb.org/extlink&amp;oid=27012166&amp;loc=d3e187085-122770<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StockIssuedDuringPeriodValueEmployeeStockPurchasePlan</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
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</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StockIssuedDuringPeriodValueStockOptionsExercised">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Value of stock issued as a result of the exercise of stock options.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 505<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=6928386&amp;loc=d3e21463-112644<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.29-31)<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 505<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.3-04)<br> -URI http://asc.fasb.org/extlink&amp;oid=27012166&amp;loc=d3e187085-122770<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StockIssuedDuringPeriodValueStockOptionsExercised</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
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<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
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<td><strong> Balance Type:</strong></td>
<td>credit</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
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</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StockRepurchasedAndRetiredDuringPeriodShares">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Number of shares that have been repurchased and retired during the period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(28))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 505<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.3-04)<br> -URI http://asc.fasb.org/extlink&amp;oid=27012166&amp;loc=d3e187085-122770<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 505<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=6928386&amp;loc=d3e21463-112644<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(29))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StockRepurchasedAndRetiredDuringPeriodShares</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
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</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StockRepurchasedAndRetiredDuringPeriodValue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Equity impact of the value of stock that has been repurchased and retired during the period. The excess of the purchase price over par value can be charged against retained earnings (once the excess is fully allocated to additional paid in capital).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 505<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=6928386&amp;loc=d3e21463-112644<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(28))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(29))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 505<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.3-04)<br> -URI http://asc.fasb.org/extlink&amp;oid=27012166&amp;loc=d3e187085-122770<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StockRepurchasedAndRetiredDuringPeriodValue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of stockholders' equity (deficit), net of receivables from officers, directors, owners, and affiliates of the entity, attributable to both the parent and noncontrolling interests. Amount excludes temporary equity. Alternate caption for the concept is permanent equity.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 55<br> -Paragraph 4I<br> -URI http://asc.fasb.org/extlink&amp;oid=65897068&amp;loc=SL4590271-111686<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 45<br> -Paragraph 16<br> -URI http://asc.fasb.org/extlink&amp;oid=68079674&amp;loc=SL4568740-111683<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 45<br> -Paragraph 15<br> -URI http://asc.fasb.org/extlink&amp;oid=68079674&amp;loc=SL4568447-111683<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
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<td><strong> Balance Type:</strong></td>
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<td><strong> Period Type:</strong></td>
<td>instant</td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StatementEquityComponentsAxis=us-gaap_CommonStockMember</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StatementEquityComponentsAxis=us-gaap_AdditionalPaidInCapitalMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StatementEquityComponentsAxis=us-gaap_AdditionalPaidInCapitalMember</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td>na</td>
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<td><strong> Balance Type:</strong></td>
<td></td>
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<td></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StatementEquityComponentsAxis=us-gaap_RetainedEarningsMember</td>
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<td>na</td>
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<td></td>
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<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StatementEquityComponentsAxis=us-gaap_AccumulatedOtherComprehensiveIncomeMember</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
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<td><strong> Data Type:</strong></td>
<td>na</td>
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<td><strong> Balance Type:</strong></td>
<td></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StatementEquityComponentsAxis=us-gaap_NoncontrollingInterestMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StatementEquityComponentsAxis=us-gaap_NoncontrollingInterestMember</td>
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<td></td>
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<td>na</td>
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<span style="display: none;">v3.5.0.2</span><table class="report" border="0" cellspacing="2" id="idp6759426144">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Consolidated Statements of Cash Flows - USD ($)<br></strong></div></th>
<th class="th" colspan="2">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Aug. 31, 2016</div></th>
<th class="th"><div>Aug. 31, 2015</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperationsAbstract', window );"><strong>CASH FLOWS FROM OPERATING ACTIVITIES:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
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</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ProfitLoss', window );">Net (loss) income</a></td>
<td class="num">$ (1,198,302)<span></span>
</td>
<td class="nump">$ 2,517,360<span></span>
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</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract', window );"><strong>Adjustments to reconcile net (loss) income to net cash (used in) provided by operating activities:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
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</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensation', window );">Stock-based compensation</a></td>
<td class="nump">427,437<span></span>
</td>
<td class="nump">495,683<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_Depreciation', window );">Depreciation expense</a></td>
<td class="nump">660,008<span></span>
</td>
<td class="nump">530,449<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AdjustmentForAmortization', window );">Amortization</a></td>
<td class="nump">119,032<span></span>
</td>
<td class="nump">87,663<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_GainLossOnDispositionOfAssets1', window );">Loss on disposal of assets</a></td>
<td class="text"> <span></span>
</td>
<td class="nump">20,689<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeLossFromEquityMethodInvestments', window );">Equity in income from joint ventures</a></td>
<td class="num">(4,743,831)<span></span>
</td>
<td class="num">(5,936,565)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ProceedsFromDividendsReceived', window );">Dividends received from joint ventures</a></td>
<td class="nump">5,503,314<span></span>
</td>
<td class="nump">2,983,338<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CostmethodInvestmentsOtherThanTemporaryImpairment', window );">Impairment on investment at carrying value</a></td>
<td class="nump">1,883,668<span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncreaseDecreaseInDeferredIncomeTaxes', window );">Deferred income taxes</a></td>
<td class="num">(47,000)<span></span>
</td>
<td class="nump">131,777<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_GainLossOnDispositionOfAssets', window );">Gain on sale of equipment</a></td>
<td class="text"> <span></span>
</td>
<td class="nump">31,708<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncreaseDecreaseInReceivablesAbstract', window );"><strong>Receivables:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ntic_IncreaseDecreaseInTradeReceivablesExcludingJointVentures', window );">Trade, excluding joint ventures</a></td>
<td class="num">(723,798)<span></span>
</td>
<td class="num">(699,088)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ntic_IncreaseDecreaseInTradeReceivablesJointVentures', window );">Trade, joint ventures</a></td>
<td class="num">(146,526)<span></span>
</td>
<td class="nump">305,909<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ntic_IncreaseDecreaseInFeesReceivableForServicesProvidedToJointVentures', window );">Fees for services provided to joint ventures</a></td>
<td class="nump">42,575<span></span>
</td>
<td class="nump">1,163,737<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncreaseDecreaseInIncomeTaxesReceivable', window );">Income taxes</a></td>
<td class="num">(40,859)<span></span>
</td>
<td class="num">(258,329)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncreaseDecreaseInInventories', window );">Inventories</a></td>
<td class="num">(257,826)<span></span>
</td>
<td class="num">(1,679,654)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets', window );">Prepaid expenses and other</a></td>
<td class="nump">17,023<span></span>
</td>
<td class="nump">25,028<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncreaseDecreaseInAccountsPayable', window );">Accounts payable</a></td>
<td class="nump">641,631<span></span>
</td>
<td class="nump">127,907<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable', window );">Income tax payable</a></td>
<td class="nump">42,984<span></span>
</td>
<td class="nump">31,667<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncreaseDecreaseInAccruedLiabilities', window );">Accrued liabilities</a></td>
<td class="num">(123,924)<span></span>
</td>
<td class="num">(634,823)<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations', window );">Net cash provided by (used in) operating activities</a></td>
<td class="nump">2,055,606<span></span>
</td>
<td class="num">(755,544)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperationsAbstract', window );"><strong>CASH FLOWS FROM INVESTING ACTIVITIES:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PaymentsToAcquirePropertyPlantAndEquipment', window );">Additions to property and equipment</a></td>
<td class="num">(643,407)<span></span>
</td>
<td class="num">(1,438,919)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PaymentsToAcquireAvailableForSaleSecurities', window );">Purchase of available for sale securities</a></td>
<td class="num">(216,423)<span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ProceedsFromSaleOfAvailableForSaleSecurities', window );">Proceeds from sale of available for sale securities</a></td>
<td class="text"> <span></span>
</td>
<td class="nump">3,492,325<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PaymentsToAcquireIntangibleAssets', window );">Additions to patents</a></td>
<td class="num">(135,410)<span></span>
</td>
<td class="num">(152,182)<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations', window );">Net cash (used in) provided by investing activities</a></td>
<td class="num">(995,240)<span></span>
</td>
<td class="nump">1,901,224<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperationsAbstract', window );"><strong>CASH FLOWS FROM FINANCING ACTIVITIES:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PaymentsOfDividendsMinorityInterest', window );">Dividend received by non-controlling interest</a></td>
<td class="num">(200,000)<span></span>
</td>
<td class="num">(1,160,000)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ProceedsFromMinorityShareholders', window );">Investment by non-controlling interest</a></td>
<td class="text"> <span></span>
</td>
<td class="nump">15,625<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PaymentsForRepurchaseOfCommonStock', window );">Repurchase of common stock</a></td>
<td class="num">(138,881)<span></span>
</td>
<td class="num">(24,346)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ProceedsFromStockPlans', window );">Proceeds from employee stock purchase plan</a></td>
<td class="nump">68,634<span></span>
</td>
<td class="nump">57,981<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ProceedsFromStockOptionsExercised', window );">Proceeds from exercise of stock options</a></td>
<td class="text"> <span></span>
</td>
<td class="nump">236,089<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations', window );">Net cash used in financing activities</a></td>
<td class="num">(270,247)<span></span>
</td>
<td class="num">(874,651)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents', window );">EFFECT OF EXCHANGE RATE CHANGES ON CASH:</a></td>
<td class="num">(18,826)<span></span>
</td>
<td class="num">(124,065)<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease', window );">NET INCREASE IN CASH AND CASH EQUIVALENTS</a></td>
<td class="nump">771,293<span></span>
</td>
<td class="nump">146,964<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CashAndCashEquivalentsAtCarryingValue', window );">CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR</a></td>
<td class="nump">2,623,981<span></span>
</td>
<td class="nump">2,477,017<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CashAndCashEquivalentsAtCarryingValue', window );">CASH AND CASH EQUIVALENTS AT END OF YEAR</a></td>
<td class="nump">$ 3,395,274<span></span>
</td>
<td class="nump">$ 2,623,981<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ntic_IncreaseDecreaseInFeesReceivableForServicesProvidedToJointVentures">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The net change during the reporting period in amount due within one year (or one business cycle) from joint ventures for royalties and service fees outside of the normal course of business.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ntic_IncreaseDecreaseInFeesReceivableForServicesProvidedToJointVentures</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ntic_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ntic_IncreaseDecreaseInTradeReceivablesExcludingJointVentures">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The net change during the reporting period in amount due within one year (or one business cycle) from customers or clients, but not joint ventures, for the credit sale of goods and services.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ntic_IncreaseDecreaseInTradeReceivablesExcludingJointVentures</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ntic_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ntic_IncreaseDecreaseInTradeReceivablesJointVentures">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The net change during the reporting period in amount due within one year (or one business cycle) from joint ventures for the credit sale of goods and services that have been delivered or sold to joint ventures in the normal course of business.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ntic_IncreaseDecreaseInTradeReceivablesJointVentures</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ntic_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AdjustmentForAmortization">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The aggregate amount of recurring noncash expense charged against earnings in the period to allocate the cost of assets over their estimated remaining economic lives.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 28<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=66902209&amp;loc=d3e3602-108585<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 350<br> -SubTopic 30<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (a)(2)<br> -URI http://asc.fasb.org/extlink&amp;oid=66006027&amp;loc=d3e16323-109275<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AdjustmentForAmortization</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CashAndCashEquivalentsAtCarryingValue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Glossary Cash<br> -URI http://asc.fasb.org/extlink&amp;oid=6506951<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section 45<br> -Paragraph 1<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=28358313&amp;loc=d3e6676-107765<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 4<br> -URI http://asc.fasb.org/extlink&amp;oid=66902209&amp;loc=d3e3044-108585<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Glossary Cash Equivalents<br> -URI http://asc.fasb.org/extlink&amp;oid=6507016<br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.1)<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CashAndCashEquivalentsAtCarryingValue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of increase (decrease) in cash and cash equivalents. Cash and cash equivalents are the amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Includes effect from exchange rate changes.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 24<br> -URI http://asc.fasb.org/extlink&amp;oid=66902209&amp;loc=d3e3521-108585<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 830<br> -SubTopic 230<br> -Section 45<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=49171198&amp;loc=d3e33268-110906<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CostmethodInvestmentsOtherThanTemporaryImpairment">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>This item represents an other than temporary decline in value that has been recognized against an investment accounted for under the cost method of accounting. The excess of the carrying amount over the fair value of the investment represents the amount of the write down which is or was reflected in earnings. The written down value is a new cost basis with the adjusted value of the investment becoming its new carrying value. Evidence of a loss in value might include, but would not necessarily be limited to, absence of an ability to recover the carrying amount of the investment or inability of the investee to sustain an earnings capacity which would justify the carrying amount of the investment.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 325<br> -SubTopic 20<br> -Section 50<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=6872867&amp;loc=d3e40691-111596<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CostmethodInvestmentsOtherThanTemporaryImpairment</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_Depreciation">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of expense recognized in the current period that reflects the allocation of the cost of tangible assets over the assets' useful lives. Includes production and non-production related depreciation.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 28<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=66902209&amp;loc=d3e3602-108585<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 360<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=6391035&amp;loc=d3e2868-110229<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_Depreciation</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of increase (decrease) from the effect of exchange rate changes on cash and cash equivalent balances held in foreign currencies.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 830<br> -SubTopic 230<br> -Section 45<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=49171198&amp;loc=d3e33268-110906<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_GainLossOnDispositionOfAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of gain (loss) on sale or disposal of property, plant and equipment assets, excluding oil and gas property and timber property.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 205<br> -SubTopic 20<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=64827811&amp;loc=d3e1361-107760<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 360<br> -SubTopic 10<br> -Section 50<br> -Paragraph 3<br> -URI http://asc.fasb.org/extlink&amp;oid=64862545&amp;loc=d3e2941-110230<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_GainLossOnDispositionOfAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_GainLossOnDispositionOfAssets1">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of gain (loss) on sale or disposal of assets, including but not limited to property plant and equipment, intangible assets and equity in securities of subsidiaries or equity method investee.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 360<br> -SubTopic 10<br> -Section 45<br> -Paragraph 5<br> -URI http://asc.fasb.org/extlink&amp;oid=68055307&amp;loc=d3e2443-110228<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_GainLossOnDispositionOfAssets1</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncomeLossFromEquityMethodInvestments">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>This item represents the entity's proportionate share for the period of the net income (loss) of its investee (such as unconsolidated subsidiaries and joint ventures) to which the equity method of accounting is applied. This item includes income or expense related to stock-based compensation based on the investor's grant of stock to employees of an equity method investee.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 225<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03(12))<br> -URI http://asc.fasb.org/extlink&amp;oid=63488584&amp;loc=d3e20235-122688<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 225<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-04(10))<br> -URI http://asc.fasb.org/extlink&amp;oid=6879464&amp;loc=d3e573970-122913<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 28<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=66902209&amp;loc=d3e3602-108585<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 323<br> -SubTopic 10<br> -Section 45<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=66022249&amp;loc=d3e33749-111570<br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 225<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-04(13)(f))<br> -URI http://asc.fasb.org/extlink&amp;oid=6879574&amp;loc=d3e536633-122882<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncomeLossFromEquityMethodInvestments</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncreaseDecreaseInAccountsPayable">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The increase (decrease) during the reporting period in the aggregate amount of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 28<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=66902209&amp;loc=d3e3602-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncreaseDecreaseInAccountsPayable</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The increase (decrease) during the period in the amount due for taxes based on the reporting entity's earnings or attributable to the entity's income earning process (business presence) within a given jurisdiction.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 28<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=66902209&amp;loc=d3e3602-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncreaseDecreaseInAccruedLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The increase (decrease) during the reporting period in the aggregate amount of expenses incurred but not yet paid.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 28<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=66902209&amp;loc=d3e3602-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncreaseDecreaseInAccruedLiabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncreaseDecreaseInDeferredIncomeTaxes">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The increase (decrease) during the reporting period in the account that represents the temporary difference that results from Income or Loss that is recognized for accounting purposes but not for tax purposes and vice versa.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 28<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=66902209&amp;loc=d3e3602-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncreaseDecreaseInDeferredIncomeTaxes</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncreaseDecreaseInIncomeTaxesReceivable">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The increase (decrease) during the reporting period in income taxes receivable, which represents the amount due from tax authorities for refunds of overpayments or recoveries of income taxes paid.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 28<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=66902209&amp;loc=d3e3602-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncreaseDecreaseInIncomeTaxesReceivable</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncreaseDecreaseInInventories">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The increase (decrease) during the reporting period in the aggregate value of all inventory held by the reporting entity, associated with underlying transactions that are classified as operating activities.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 28<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=66902209&amp;loc=d3e3602-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncreaseDecreaseInInventories</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of increase (decrease) in prepaid expenses, and assets classified as other.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 28<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=66902209&amp;loc=d3e3602-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncreaseDecreaseInReceivablesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncreaseDecreaseInReceivablesAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of cash inflow (outflow) of financing activities, excluding discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 26<br> -URI http://asc.fasb.org/extlink&amp;oid=66902209&amp;loc=d3e3574-108585<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 24<br> -URI http://asc.fasb.org/extlink&amp;oid=66902209&amp;loc=d3e3521-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperationsAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperationsAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of cash inflow (outflow) of investing activities, excluding discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 26<br> -URI http://asc.fasb.org/extlink&amp;oid=66902209&amp;loc=d3e3574-108585<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 24<br> -URI http://asc.fasb.org/extlink&amp;oid=66902209&amp;loc=d3e3521-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperationsAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperationsAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of cash inflow (outflow) from operating activities, excluding discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 24<br> -URI http://asc.fasb.org/extlink&amp;oid=66902209&amp;loc=d3e3521-108585<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 28<br> -URI http://asc.fasb.org/extlink&amp;oid=66902209&amp;loc=d3e3602-108585<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 25<br> -URI http://asc.fasb.org/extlink&amp;oid=66902209&amp;loc=d3e3536-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperationsAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperationsAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PaymentsForRepurchaseOfCommonStock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash outflow to reacquire common stock during the period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 15<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=66902209&amp;loc=d3e3291-108585<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Glossary Financing Activities<br> -URI http://asc.fasb.org/extlink&amp;oid=6513228<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PaymentsForRepurchaseOfCommonStock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PaymentsOfDividendsMinorityInterest">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of cash outflow in the form of ordinary dividends provided by the non-wholly owned subsidiary to noncontrolling interests.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Glossary Financing Activities<br> -URI http://asc.fasb.org/extlink&amp;oid=6513228<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 15<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=66902209&amp;loc=d3e3291-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PaymentsOfDividendsMinorityInterest</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash outflow to acquire debt and equity securities not classified as either held-to-maturity securities or trading securities which would be classified as available-for-sale securities and reported at fair value, with unrealized gains and losses excluded from earnings and reported in a separate component of shareholders' equity.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Glossary Investing Activities<br> -URI http://asc.fasb.org/extlink&amp;oid=6516133<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 13<br> -Subparagraph (a),(b)<br> -URI http://asc.fasb.org/extlink&amp;oid=66902209&amp;loc=d3e3213-108585<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 320<br> -SubTopic 10<br> -Section 45<br> -Paragraph 11<br> -URI http://asc.fasb.org/extlink&amp;oid=66010992&amp;loc=d3e26853-111562<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash outflow to acquire asset without physical form usually arising from contractual or other legal rights, excluding goodwill.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 13<br> -Subparagraph (c)<br> -URI http://asc.fasb.org/extlink&amp;oid=66902209&amp;loc=d3e3213-108585<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Glossary Investing Activities<br> -URI http://asc.fasb.org/extlink&amp;oid=6516133<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PaymentsToAcquireIntangibleAssets</td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash outflow associated with the acquisition of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale; includes cash outflows to pay for construction of self-constructed assets.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Glossary Investing Activities<br> -URI http://asc.fasb.org/extlink&amp;oid=6516133<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 13<br> -Subparagraph (c)<br> -URI http://asc.fasb.org/extlink&amp;oid=66902209&amp;loc=d3e3213-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PaymentsToAcquirePropertyPlantAndEquipment</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Dividends received on equity and other investments during the current period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 25<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=66902209&amp;loc=d3e3536-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ProceedsFromDividendsReceived</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
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<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
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</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ProceedsFromMinorityShareholders">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of cash inflow from a noncontrolling interest. Includes, but is not limited to, purchase of additional shares or other increase in noncontrolling interest ownership.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Glossary Financing Activities<br> -URI http://asc.fasb.org/extlink&amp;oid=6513228<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 14<br> -URI http://asc.fasb.org/extlink&amp;oid=66902209&amp;loc=d3e3255-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ProceedsFromMinorityShareholders</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
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<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
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<td><strong> Period Type:</strong></td>
<td>duration</td>
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</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ProceedsFromSaleOfAvailableForSaleSecurities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash inflow associated with the sale of debt and equity securities classified as available-for-sale securities.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Glossary Investing Activities<br> -URI http://asc.fasb.org/extlink&amp;oid=6516133<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 320<br> -SubTopic 10<br> -Section 45<br> -Paragraph 11<br> -URI http://asc.fasb.org/extlink&amp;oid=66010992&amp;loc=d3e26853-111562<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 12<br> -Subparagraph (a),(b)<br> -URI http://asc.fasb.org/extlink&amp;oid=66902209&amp;loc=d3e3179-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ProceedsFromSaleOfAvailableForSaleSecurities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
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</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ProceedsFromStockOptionsExercised">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash inflow associated with the amount received from holders exercising their stock options. This item inherently excludes any excess tax benefit, which the entity may have realized and reported separately.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 718<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (j)<br> -URI http://asc.fasb.org/extlink&amp;oid=6415400&amp;loc=d3e5070-113901<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 14<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=66902209&amp;loc=d3e3255-108585<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Glossary Financing Activities<br> -URI http://asc.fasb.org/extlink&amp;oid=6513228<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ProceedsFromStockOptionsExercised</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
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<td><strong> Data Type:</strong></td>
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<td><strong> Balance Type:</strong></td>
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<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ProceedsFromStockPlans">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash inflow associated with the amount received from the stock plan during the period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 14<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=66902209&amp;loc=d3e3255-108585<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Glossary Financing Activities<br> -URI http://asc.fasb.org/extlink&amp;oid=6513228<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ProceedsFromStockPlans</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
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<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
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<tr>
<td><strong> Balance Type:</strong></td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 55<br> -Paragraph 4K<br> -URI http://asc.fasb.org/extlink&amp;oid=65897068&amp;loc=SL4591552-111686<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 45<br> -Paragraph 19<br> -URI http://asc.fasb.org/extlink&amp;oid=68079674&amp;loc=SL4569616-111683<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1A<br> -Subparagraph (c)(1)<br> -URI http://asc.fasb.org/extlink&amp;oid=64809438&amp;loc=SL4573702-111684<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 55<br> -Paragraph 4J<br> -URI http://asc.fasb.org/extlink&amp;oid=65897068&amp;loc=SL4591551-111686<br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1A<br> -Subparagraph (a)(2)<br> -URI http://asc.fasb.org/extlink&amp;oid=64809438&amp;loc=SL4573702-111684<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ProfitLoss</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Balance Type:</strong></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ShareBasedCompensation">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The aggregate amount of noncash, equity-based employee remuneration. This may include the value of stock or unit options, amortization of restricted stock or units, and adjustment for officers' compensation. As noncash, this element is an add back when calculating net cash generated by operating activities using the indirect method.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 28<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=66902209&amp;loc=d3e3602-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ShareBasedCompensation</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
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<span style="display: none;">v3.5.0.2</span><table class="report" border="0" cellspacing="2" id="idp6749053232">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Note 1 - Nature of Business and Significant Accounting Policies<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th"><div>Aug. 31, 2016</div></th></tr>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DisclosureTextBlockAbstract', window );"><strong>Notes to Financial Statements</strong></a></td>
<td class="text">&#160;<span></span>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsDisclosureTextBlock', window );">Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]</a></td>
<td class="text"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style=" FONT-SIZE: 10pt; TEXT-ALIGN: justify; MARGIN: 0pt 0px"><div style="display: inline; font-weight: bold;">1. NATURE OF BUSINESS AND SIGNIFICANT ACCOUNTING POLICIES</div></div> <div style=" FONT-SIZE: 10pt; TEXT-ALIGN: justify; MARGIN: 0pt 0px"><div style="display: inline; font-weight: bold;">&nbsp;</div></div> <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"><div style="display: inline; font-style: italic;"></div></div> <div style=" font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><div style="display: inline; font-style: italic;">Nature of Business </div>&#x2013; Northern Technologies International Corporation and Subsidiaries (the Company) develop and market proprietary environmentally beneficial products and services in over 60 countries either directly or via a network of joint ventures, independent distributors and agents. The Company&#x2019;s primary business is corrosion prevention marketed mainly under the ZERUST<div style="display: inline; bottom:.33em; font-size: 82%; position: relative; vertical-align: baseline;">&reg;</div> brand. The Company has been selling its proprietary ZERUST<div style="display: inline; bottom:.33em; font-size: 82%; position: relative; vertical-align: baseline;">&reg;</div> rust and corrosion inhibiting products and services to the automotive, electronics, electrical, mechanical, military and retail consumer markets for over 40 years, and more recently, has targeted and expanded into the oil and gas industry. The Company also sells a portfolio of biobased and certified compostable (fully biodegradable) polymer resin compounds and finished products under the Natur-Tec<div style="display: inline; bottom:.33em; font-size: 82%; position: relative; vertical-align: baseline;">&reg;</div> brand. These products are intended to reduce the Company&#x2019;s customers&#x2019; carbon footprint and provide environmentally sound disposal options. The Company&#x2019;s two operating segments are ZERUST and Nature-Tec.</div> <div style=" font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</div> <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px">The Company participates, either directly or indirectly, in 19 active joint venture arrangements in North America, Europe and Asia. Each of these joint ventures generally manufactures and markets products in the geographic territory to which it is assigned. While most of the Company&#x2019;s joint ventures exclusively sell rust and corrosion inhibiting products, some of the joint ventures also sell the Company&#x2019;s Natur-Tec<div style="display: inline; bottom:.33em; font-size: 82%; position: relative; vertical-align: baseline; vertical-align: baseline; position: relative; bottom:.33em;">&reg;</div> resin compounds and finished products. The profits of joint ventures are shared by the respective joint venture owners in accordance with their respective ownership percentages. The Company typically owns 50% or less of its joint venture entities and does not control the decisions of these entities, including dividend declaration or amount in any given year.</div> <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</div> <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px">The Company has evaluated events occurring after the date of the consolidated financial statements for events requiring recording or disclosure in the financial statements.</div> <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</div> <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"><div style="display: inline; font-style: italic;">Principles of Consolidation</div> - NTIC evaluates its voting and variable interests in entities on a qualitative and quantitative basis. NTIC consolidates entities in which it concludes it has the power to direct the activities that most significantly impact an entity&#x2019;s economic success and has the obligation to absorb losses or the right to receive benefits that could be significant to the entity. The consolidated financial statements include the accounts of Northern Technologies International Corporation, its wholly-owned subsidiaries, Northern Technologies Holding Company, LLC, NTIC (Shanghai) Co., Ltd. (NTIC China), Natur-Tec India Private Limited (Natur-Tec India), and ZERUST-EXCOR MEXICO, S. de R.L. de C.V (Zerust Mexico), NTIC&#x2019;s majority-owned subsidiary in Brazil, Zerust Preven&ccedil;&atilde;o de Corros&atilde;o S.A. (Zerust Brazil) and NTIC&#x2019;s majority-owned holding company, NTI Asean LLC (NTI Asean). NTIC&#x2019;s consolidated financial statements do not include the accounts of any of its joint ventures.</div> <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</div> <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"><div style="display: inline; font-style: italic;">Non-Controlling Interests</div> &#x2013; The Company owns 85% of Zerust Brazil, 60% of NTI Asean, and 90% of Natur-Tec India.&nbsp; The remaining ownership is accounted for as non-controlling interests and reported as part of equity in the consolidated financial statements. The Company allocates gains and losses to the non-controlling interest even when such allocation might result in a deficit balance, reducing the losses attributed to the controlling interest, changes in ownership interests are treated as equity transactions if the Company maintains control.</div> <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</div> <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"><div style="display: inline; font-style: italic;">Net Sales </div>&#x2013;The Company includes net sales to its joint ventures and net sales to unaffiliated customers as separate line items on its consolidated statements of operations. There are no sales originating from the Company&#x2019;s joint ventures included in the amount, as the Company&#x2019;s investments in its joint ventures are accounted for using the equity method.</div> <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</div> <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"></div> <div style="MARGIN-BOTTOM: 6pt; BORDER-BOTTOM: black 4pt solid; MARGIN-TOP: 12pt"> <table style="TEXT-INDENT: 0;FONT-SIZE: 10pt; WIDTH: 100%; BORDER-COLLAPSE: collapse; width: 700px;" cellspacing="0" cellpadding="0">  <tr style="VERTICAL-ALIGN: top; TEXT-ALIGN: left"> <td style="WIDTH: 100%; TEXT-ALIGN: center">64</td> </tr>  </table> </div> <div style="PAGE-BREAK-BEFORE: always; MARGIN-TOP: 6pt">  &nbsp; </div> <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"><div style="display: inline; font-style: italic;">Revenue Recognition</div> &#x2013; The Company recognizes revenue from the sale of its products when persuasive evidence of an arrangement exists, the product has been delivered, the price is fixed and determinable and collection of the resulting receivable is reasonably assured. These criteria are met when risk of loss and title pass to the customer, distributor or joint venture entity. Sales and use taxes charged to customers are reported on a net basis.</div> <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"><div style="display: inline; font-style: italic;">&nbsp;</div></div> <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"><div style="display: inline; font-style: italic;">Trade Receivable</div> &#x2013; Payment terms for the Company&#x2019;s unaffiliated customers are determined based on credit risk and vary by customer. The Company typically offers standard payment terms to unaffiliated customers of net 30 days. The Company does not accrue interest on past due accounts receivable. The Company reviews the credit histories of its customers before extending unsecured credit. The Company presents accounts and notes receivable, net of an allowance for doubtful accounts. Each quarter, the Company prepares an analysis of its ability to collect outstanding receivables that provides a basis for an allowance estimate for doubtful accounts. In doing so, the Company evaluates the age of its receivables, past collection history, current financial conditions of key customers and its joint ventures, and economic conditions. Based on this evaluation, the Company establishes a reserve for specific accounts and notes receivable that it believes are uncollectible, as well as an estimate of uncollectible receivables not specifically known. The Company believes that an analysis of historical trends and its current knowledge of potential collection problems provide the Company with sufficient information to establish a reasonable estimate for an allowance for doubtful accounts. In the event the Company determines that a smaller or larger uncollectible accounts reserve is appropriate, the Company records a credit or charge to selling expense in the period that it made such determination. Accounts receivable have been reduced by an allowance for uncollectible accounts of $40,000 at August 31, 2016 and 2015. Accounts are considered past due based on terms agreed upon between the Company and the customer. Accounts receivable are written-off only after all collection attempts have failed and are based on individual credit evaluation and specific circumstances of the customer.</div> <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</div> <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"><div style="display: inline; font-style: italic;">Trade Receivables from Joint Ventures </div>&#x2013; Trade receivables from joint ventures arise from sales of products the Company makes to its joint ventures. Payment terms for the Company&#x2019;s joint ventures also are determined based on credit risk; however, additional consideration also is given to the individual joint venture due to the transportation time associated with ocean delivery of most products and certain other factors. Generally, accounts receivable from the Company&#x2019;s joint ventures unpaid after 90 days are considered past due. The Company does not accrue interest on past due balances. The Company periodically reviews amounts due from its joint ventures for collectability, and based on past experience and continuous review of the balances due, determined an allowance for doubtful accounts related to its joint venture receivables is not necessary at August 31, 2016 or 2015.</div> <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</div> <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"><div style="display: inline; font-style: italic;">Fees for Services Provided to Joint Ventures &#x2013; </div>The Company provides services to its joint ventures including consulting, legal, travel, insurance, technical and marketing services. The Company receives fees for the services it provides to its joint ventures. The fees for services received by the Company from its joint ventures are generally based on either a flat fee or a percentage of net sales by the Company&#x2019;s joint ventures depending on local laws and tax regulations. The Company recognizes revenues related to fees for services provided to its joint ventures when earned, amounts are determinable and collectability is reasonably assured. Under the Company&#x2019;s agreements with its joint ventures, amounts are earned when product is shipped from joint venture facilities. The Company reviews the financial situation of each of its joint ventures to assist in the likelihood of collections on amounts earned. The Company accounts for these fees on a cash basis if uncertainty exists surrounding the collection of such fees.</div> <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</div> <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"><div style="display: inline; font-style: italic;">Cash and Cash Equivalents</div> - The Company includes as cash and cash equivalents highly liquid, short-term investments with maturity of three months or less when purchased, which are readily convertible into known amounts of cash. The Company maintains its cash in high quality financial institutions. The balances, at times, may exceed federally insured limits.</div> <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</div> <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"></div> <div style="MARGIN-BOTTOM: 6pt; BORDER-BOTTOM: black 4pt solid; MARGIN-TOP: 12pt"> <table style="TEXT-INDENT: 0;FONT-SIZE: 10pt; WIDTH: 100%; BORDER-COLLAPSE: collapse; width: 700px;" cellspacing="0" cellpadding="0">  <tr style="VERTICAL-ALIGN: top; TEXT-ALIGN: left"> <td style="WIDTH: 100%; TEXT-ALIGN: center">65</td> </tr>  </table> </div> <div style="PAGE-BREAK-BEFORE: always; MARGIN-TOP: 6pt">  &nbsp; </div> <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"><div style="display: inline; font-style: italic;">Available for Sale Securities</div> &#x2013; Available for sale securities are recorded at fair value. Unrealized holding gains and losses on available for sale securities are excluded from earnings.</div> <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"><div style="display: inline; font-style: italic;">&nbsp;</div></div> <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"><div style="display: inline; font-style: italic;">Inventories</div> - Inventories are recorded at the lower of cost (first-in, first-out basis) or market.</div> <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</div> <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"><div style="display: inline; font-style: italic;">Property and Depreciation</div> - Property and equipment are stated at cost. Depreciation is computed using the straight-line method based on the estimated service lives of the various assets as follows:</div> <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</div> <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"></div> <div> <table style="TEXT-INDENT: 0;WIDTH: 100%; BORDER-COLLAPSE: collapse; width: 700px;" cellspacing="0" cellpadding="0">  <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT-SIZE: 10pt; WIDTH: 50%; TEXT-ALIGN: left; PADDING-LEFT: 1.7in" nowrap="nowrap">Buildings and improvements (years)</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%">&nbsp;</td> <td style="FONT-SIZE: 10pt; WIDTH: 4%; TEXT-ALIGN: center">5</td> <td style="FONT-SIZE: 10pt; WIDTH: 4%; TEXT-ALIGN: center">-</td> <td style="FONT-SIZE: 10pt; WIDTH: 4%; TEXT-ALIGN: center">30</td> <td style="FONT-SIZE: 10pt; WIDTH: 37%; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left; PADDING-LEFT: 1.7in">Machinery and equipment (years)</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: center">3</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: center">-</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: center">10</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> </tr>  </table> </div> <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"></div> <div style=" FONT-SIZE: 10pt; TEXT-ALIGN: justify; MARGIN: 0pt 0px">&nbsp;</div> <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"><div style="display: inline; font-style: italic;">Patents</div> &#x2013; Patents, including acquisition costs, are stated at cost, less accumulated amortization. Amortization is computed using the straight-line method over the estimated useful lives of the respective assets. Upon retirement, the cost of assets disposed and the related accumulated amortization are removed from the accounts and any resulting gain or loss is credited or charged to operations.</div> <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</div> <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"><div style="display: inline; font-style: italic;">Investments in Joint Ventures</div> - Investments in the Company&#x2019;s joint ventures are accounted for using the equity method. Under the equity method, investments are initially recorded at cost and are adjusted for dividends, distributed and undistributed earnings and losses, changes in foreign currency exchange rates and additional investments. In the event the Company&#x2019;s share of joint venture&#x2019;s cumulative losses exceeds the Company&#x2019;s investment balance, the balance is reported at zero value until proportionate income exceeds the losses. The Company assesses its joint ventures for impairment on an annual basis as of August 31 of each year as part of its fiscal year end analysis. In addition to the annual review for impairment, the Company reviews the operating results of each joint venture on a quarterly basis in comparison to its historical operating results and its accrual of fees for services provided to joint ventures. If the operating results of a joint venture do not meet financial performance expectations, an additional evaluation is performed on the joint venture. The Company&#x2019;s evaluation of its investments in joint ventures requires the Company to make assumptions about future cash flows of its joint ventures. These assumptions require significant judgment and actual results may differ from assumed or estimated amounts. All investments in joint ventures have positive equity as of August 31, 2016 and 2015.</div> <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</div> <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"><div style="display: inline; font-style: italic;">Investment at Carrying Value</div> &#x2013; If the Company is no longer able to exercise significant influence over operating and financial policy of a joint venture previously accounted for under the equity method, it maintains the investment at the carrying value as of the date that significant influence no longer exists and discontinues accruing the proportionate earnings or losses of the investment.</div> <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</div> <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px">Investments are considered to be impaired when a decline in fair value is judged to be other-than-temporary. Fair value is calculated based on publicly available market information or other estimates determined by management. The Company employs a systematic methodology on a quarterly basis that considers available quantitative and qualitative evidence in evaluating potential impairment of our investments. If the cost of an investment exceeds its fair value, the Company evaluates, among other factors, general market conditions, credit quality of debt instrument issuers, the duration and extent to which the fair value is less than cost, and for equity securities, the Company&#x2019;s intent and ability to hold, or plans to sell, the investment. The Company also considers specific adverse conditions related to the financial health of and business outlook for the investee, including industry and sector performance, changes in technology, and operational and financing cash flow factors. Once a decline in fair value is determined to be other-than-temporary, an impairment charge is recorded to other income (expense) and a new cost basis in the investment is established.</div> <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</div> <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"></div> <div style="MARGIN-BOTTOM: 6pt; BORDER-BOTTOM: black 4pt solid; MARGIN-TOP: 12pt"> <table style="TEXT-INDENT: 0;FONT-SIZE: 10pt; WIDTH: 100%; BORDER-COLLAPSE: collapse; width: 700px;" cellspacing="0" cellpadding="0">  <tr style="VERTICAL-ALIGN: top; TEXT-ALIGN: left"> <td style="WIDTH: 100%; TEXT-ALIGN: center">66</td> </tr>  </table> </div> <div style="PAGE-BREAK-BEFORE: always; MARGIN-TOP: 6pt">  &nbsp; </div> <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"><div style="display: inline; font-style: italic;">Recoverability of Long-Lived Assets</div> - The Company reviews its long-lived assets whenever events or changes in circumstances indicate the carrying amount of the assets may not be recoverable. The Company determines potential impairment by comparing the carrying value of the assets with expected net cash flows expected to be provided by operating activities of the business or related products. If the sum of the expected undiscounted future net cash flows is less than the carrying value, the Company evaluates if an impairment loss should be recognized. An impairment loss is measured by comparing the amount by which the carrying value exceeds the fair value of the asset.</div> <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</div> <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"><div style="display: inline; font-style: italic;">Income Taxes</div> - The Company utilizes the liability method of accounting for income taxes which requires an asset and liability approach to financial accounting and reporting for income taxes. Deferred income tax assets and liabilities are determined based on the differences between the financial statement and tax basis of assets and liabilities using enacted tax rates in effect for the year in which the differences are expected to reverse. The effect of a change in tax rates on deferred tax assets and liabilities is recognized in income in the period that includes the enactment date.</div> <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</div> <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px">The Company records net deferred tax assets to the extent the Company believes these assets will more likely than not be realized. In making such a determination, the Company considers all available positive and negative evidence, including future reversals of existing taxable temporary differences, projected future taxable income, tax-planning strategies, and results of recent operations. In the event the Company determines that it would be able to realize its deferred income tax assets in the future in excess of their net recorded amount, the Company would make an adjustment to the deferred tax asset valuation allowance, which would reduce the provision for income taxes.</div> <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</div> <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px">The Company records uncertain tax positions on the basis of a two-step process whereby the Company determines whether it is more likely than not that the tax positions will be sustained based on the technical merits of the position and those tax positions that meet the more-likely-than-not recognition threshold. The Company recognizes the largest amount of tax benefit that is greater than 50 percent likely to be realized upon ultimate settlement with the related tax authority.</div> <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</div> <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"><div style="display: inline; font-style: italic;">Foreign Currency Translation (Accumulated Other Comprehensive Income (Loss))</div> - The functional currency of NTIC China, Zerust Brazil, Natur-Tec India, Zerust Mexico and each unconsolidated international joint venture is the applicable local currency. The translation of the applicable foreign currencies into U.S. dollars is performed for balance sheet accounts using exchange rates in effect at the balance sheet date and for revenue and expense accounts using an average monthly exchange rate. Translation gains or losses are reported as an element of other comprehensive income (loss).</div> <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</div> <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px">The Company (excluding NTIC China, Zerust Brazil, Natur-Tec India, NTI Asean, Zerust Mexico and its joint ventures) conducts all foreign transactions based on the U.S. dollar. Since investments in joint ventures are accounted for using the equity method, any changes in foreign currency exchange rates are reflected as a foreign currency translation adjustment and does not change the equity in income from joint ventures reflected in the Company&#x2019;s consolidated statements of operations.</div> <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</div> <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"><div style="display: inline; font-style: italic;">Fair Value of Financial Instruments</div> &#x2013; The carrying value of cash and cash equivalents, available for sale securities, short-term accounts and notes receivable, notes payable, trade accounts payables, and other accrued expenses approximate fair value because of the short maturity of those instruments.</div> <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</div> <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"><div style="display: inline; font-style: italic;">Shipping and Handling</div> - The Company records all amounts billed to customers in a sales transaction related to shipping and handling as sales. The Company records costs related to shipping and handling in cost of goods sold.</div> <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</div> <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"></div> <div style="MARGIN-BOTTOM: 6pt; BORDER-BOTTOM: black 4pt solid; MARGIN-TOP: 12pt"> <table style="TEXT-INDENT: 0;FONT-SIZE: 10pt; WIDTH: 100%; BORDER-COLLAPSE: collapse; width: 700px;" cellspacing="0" cellpadding="0">  <tr style="VERTICAL-ALIGN: top; TEXT-ALIGN: left"> <td style="WIDTH: 100%; TEXT-ALIGN: center">67</td> </tr>  </table> </div> <div style="PAGE-BREAK-BEFORE: always; MARGIN-TOP: 6pt">  &nbsp; </div> <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"><div style="display: inline; font-style: italic;">Research and Development</div> - The Company expenses all costs related to product research and development as incurred. &nbsp; The costs related to product research and development are the net amount after being reduced by reimbursements related to certain research and development contracts. The Company accrues proceeds received under such contracts and offsets research and development expenses incurred in equal installments over the timelines associated with completion of the contracts&#x2019; specific objectives and milestones.</div> <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"><div style="display: inline; font-style: italic;">&nbsp;</div></div> <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"><div style="display: inline; font-style: italic;">Common Stock</div> &#x2013; The Company issues authorized but unissued shares of common stock upon the exercise of stock options, as opposed to treasury shares.</div> <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</div> <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"><div style="display: inline; font-style: italic;">Stock-Based Compensation</div> &#x2013; The Company recognizes compensation cost relating to share-based payment transactions, including grants of employee stock options and transactions under the Company&#x2019;s employee stock purchase plan, in its consolidated financial statements. That cost is measured based on the fair value of the equity or liability instruments issued. The Company measures the cost of employee services received in exchange for stock options and other stock-based awards based on the grant-date fair value of the award, and recognizes the cost over the period the employee is required to provide services for the award (generally the vesting term).</div> <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</div> <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"><div style="display: inline; font-style: italic;">Use of Estimates</div> - The preparation of the financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.</div></div><span></span>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for organization, consolidation and basis of presentation of financial statements disclosure.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 205<br> -SubTopic 10<br> -Section 45<br> -Paragraph 3<br> -URI http://asc.fasb.org/extlink&amp;oid=35735333&amp;loc=d3e288-107754<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 235<br> -SubTopic 10<br> -Section 50<br> -Paragraph 3<br> -URI http://asc.fasb.org/extlink&amp;oid=68058157&amp;loc=d3e18780-107790<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 272<br> -SubTopic 10<br> -Section 50<br> -Paragraph 3<br> -URI http://asc.fasb.org/extlink&amp;oid=6373374&amp;loc=d3e70478-108055<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=64809438&amp;loc=d3e5614-111684<br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 205<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=6359566&amp;loc=d3e326-107755<br></p></div>
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<span style="display: none;">v3.5.0.2</span><table class="report" border="0" cellspacing="2" id="idp6919560816">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Note 2 - Recently Issued Accounting Pronouncements<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th"><div>Aug. 31, 2016</div></th></tr>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DisclosureTextBlockAbstract', window );"><strong>Notes to Financial Statements</strong></a></td>
<td class="text">&#160;<span></span>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DescriptionOfNewAccountingPronouncementsNotYetAdopted', window );">Description of New Accounting Pronouncements Not yet Adopted [Text Block]</a></td>
<td class="text"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"><div style="display: inline; font-weight: bold;">2. RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS</div></div> <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</div> <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px">In May 2014, the Financial Accounting Standards Board (FASB) issued <div style="display: inline; font-style: italic;">Revenue from Contracts with Customers, Topic 606</div> (Accounting Standards Update (ASU) No. 2014-09), which provides a framework for the recognition of revenue, with the objective that recognized revenues properly reflect amounts an entity is entitled to receive in exchange for goods and services. This guidance, which includes additional disclosure requirements regarding revenue, cash flows and obligations related to contracts with customers, was originally to be effective for the Company beginning in fiscal year 2018. In July 2015, the FASB confirmed a one-year deferral of the effective date of the new revenue standard which also allows early adoption as of the original effective date. The updated guidance will be effective for the Company&#x2019;s first quarter of 2019. The Company is currently evaluating the impact of adopting ASU 2014-09 on its consolidated financial statements, but believes there will be no material impact, if any.</div> <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</div> <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px">In July 2015, the FASB issued ASU No. 2015-11, &#x201c;<div style="display: inline; font-style: italic;">Inventory</div>&#x201d;, which modifies the subsequent measurement of inventories recorded under a first-in-first-out or average cost method. Under the new standard, such inventories are required to be measured at the lower of cost and net realizable value. The new standard is effective for the Company&#x2019;s fiscal year 2018, with prospective application. The Company does not expect the adoption of the provisions of ASU 2015-11 to have a material impact on its consolidated financial statements.</div> <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</div> <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px">In November&nbsp;2015, FASB issued ASU 2015-17,&nbsp;<div style="display: inline; font-style: italic;">Income Taxes (Topic 740) Balance Sheet Classification of Deferred Taxes</div>&nbsp;which requires that deferred tax assets and liabilities be classified as noncurrent in a classified balance sheet. The amendment takes effect for public entities for fiscal years beginning after December&nbsp;15, 2017, with early adoption available. The Company adopted ASU 2015-17 as of August 31, 2016, however, there was no material impact on its consolidated financial statements. Prior periods were not retrospectively adjusted.</div> <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</div> <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px">During February 2016, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2016-02, &#x201c;<div style="display: inline; font-style: italic;">Leases</div>.&#x201d; ASU No. 2016-02 was issued to increase transparency and comparability among organizations by recognizing all lease transactions (with terms in excess of 12 months) on the balance sheet as a lease liability and a right-of-use asset (as defined). ASU No. 2016-02 is effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years, with earlier application permitted. Upon adoption, the lessee will apply the new standard retrospectively to all periods presented or retrospectively using a cumulative effect adjustment in the year of adoption. The Company is currently assessing the effect that ASU No. 2016-02 will have on its consolidated financial statements.</div> <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</div> <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"></div> <div style="MARGIN-BOTTOM: 6pt; BORDER-BOTTOM: black 4pt solid; MARGIN-TOP: 12pt"> <table style="TEXT-INDENT: 0;FONT-SIZE: 10pt; WIDTH: 100%; BORDER-COLLAPSE: collapse; width: 700px;" cellspacing="0" cellpadding="0">  <tr style="VERTICAL-ALIGN: top; TEXT-ALIGN: left"> <td style="WIDTH: 100%; TEXT-ALIGN: center">68</td> </tr>  </table> </div> <div style="PAGE-BREAK-BEFORE: always; MARGIN-TOP: 6pt">  &nbsp; </div> <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px">In March 2016, the FASB issued ASU No. 2016-07, &#x201c;<div style="display: inline; font-style: italic;">Investments &#x2013; Equity Method and Joint Ventures (Topic 323): Simplifying the Transition to the Equity Method of Accounting</div>.&#x201d; Among other things, the amendments in ASU 2016-07 eliminate the requirement that when an investment qualifies for use of the equity method as a result of an increase in the level of ownership interest or degree of influence, an investor must adjust the investment, results of operations, and retained earnings retroactively on a step-by-step basis as if the equity method had been in effect during all previous periods that the investment had been held. The amendments require that the equity method investor add the cost of acquiring the additional interest in the investee to the current basis of the investor&#x2019;s previously held interest and adopt the equity method of accounting as of the date the investment becomes qualified for equity method accounting. Therefore, upon qualifying for the equity method of accounting, no retroactive adjustment of the investment is required. The amendments require that an entity that has an available-for-sale equity security that becomes qualified for the equity method of accounting recognize through earnings the unrealized holding gain or loss in accumulated other comprehensive income at the date the investment becomes qualified for use of the equity method. The amendments are effective for all entities for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2016. The amendments should be applied prospectively upon their effective date to increases in the level of ownership interest or degree of influence that result in the adoption of the equity method. Early adoption is permitted. The Company is currently assessing the impact that ASU 2016-07 will have on its consolidated financial statements.</div> <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</div> <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px">In March 2016, the FASB issued ASU 2016-09, <div style="display: inline; font-style: italic;">Stock Compensation</div>, which is intended to simplify several aspects of the accounting for share-based payment award transactions. The guidance will be effective for the fiscal year beginning after December 15, 2016, including interim periods within that year. The Company is in the process of evaluating the impacts of the adoption of this ASU.</div> <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</div> <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px">Although there are several other new accounting pronouncements issued or proposed by the FASB, which the Company has adopted or will adopt, as applicable, the Company does not believe any of these accounting pronouncements has had or will have a material impact on the Company&#x2019;s consolidated financial position or operating results.</div></div><span></span>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for a new accounting pronouncement that has been issued but not yet adopted.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 250<br> -SubTopic 10<br> -Section S99<br> -Paragraph 5<br> -Subparagraph (SAB Topic 11.M)<br> -URI http://asc.fasb.org/extlink&amp;oid=26874127&amp;loc=d3e31137-122693<br></p></div>
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<span style="display: none;">v3.5.0.2</span><table class="report" border="0" cellspacing="2" id="idp6759316976">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Note 3 - Inventories<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
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<td class="text"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"><div style="display: inline; font-weight: bold;">3. INVENTORIES</div></div> <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</div> <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px">Inventories consisted of the following:</div> <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</div> <div> <table style="TEXT-INDENT: 0;WIDTH: 100%; BORDER-COLLAPSE: collapse; width: 700px;" cellspacing="0" cellpadding="0">  <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify">&nbsp;</td> <td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3" nowrap="nowrap">August 31, 2016</td> <td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3" nowrap="nowrap">August 31, 2015</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"> <td style="FONT-SIZE: 10pt; WIDTH: 74%; TEXT-ALIGN: justify">Production materials</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%">&nbsp;</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">$</td> <td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right">1,452,396</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%">&nbsp;</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">$</td> <td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right">1,445,014</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt; TEXT-ALIGN: justify">Finished goods</td> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">6,258,891</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">6,023,427</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 2.25pt; TEXT-ALIGN: justify">&nbsp;</td> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 2.25pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left">$</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: right">7,711,287</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 2.25pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left">$</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: right">7,468,441</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left">&nbsp;</td> </tr>  </table> </div></div><span></span>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.6)<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=6361739&amp;loc=d3e7789-107766<br></p></div>
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<span style="display: none;">v3.5.0.2</span><table class="report" border="0" cellspacing="2" id="idp6919637232">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Note 4 - Property and Equipment, Net<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
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<td class="text"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"><div style="display: inline; font-weight: bold;">4. PROPERTY AND EQUIPMENT, NET</div></div> <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"><div style="display: inline; font-weight: bold;">&nbsp;</div></div> <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px">Property and equipment, net consisted of the following:</div> <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</div> <div> <table style="TEXT-INDENT: 0;WIDTH: 100%; BORDER-COLLAPSE: collapse; width: 700px;" cellspacing="0" cellpadding="0">  <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify">&nbsp;</td> <td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3" nowrap="nowrap">August 31, 2016</td> <td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3" nowrap="nowrap">August 31, 2015</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"> <td style="FONT-SIZE: 10pt; WIDTH: 74%; TEXT-ALIGN: justify">Land</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%">&nbsp;</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">$</td> <td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right">310,365</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%">&nbsp;</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">$</td> <td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right">310,365</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify">Buildings and improvements</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6,528,252</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6,180,089</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt; TEXT-ALIGN: justify">Machinery and equipment</td> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">3,590,063</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">4,090,619</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10,428,680</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10,581,073</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt; TEXT-ALIGN: justify">Less accumulated depreciation</td> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">(3,152,808</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">)</td> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">(3,287,910</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">)</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 2.25pt; TEXT-ALIGN: justify">&nbsp;</td> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 2.25pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left">$</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: right">7,275,872</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 2.25pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left">$</td> <td style="FONT-SIZE: 10pt; 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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.13-14)<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 205<br> -SubTopic 20<br> -Section 50<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=64827811&amp;loc=d3e1361-107760<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 360<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=64862545&amp;loc=d3e2921-110230<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 360<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=6391035&amp;loc=d3e2868-110229<br></p></div>
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<span style="display: none;">v3.5.0.2</span><table class="report" border="0" cellspacing="2" id="idp6919580352">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Note 5 - Patents and Trademarks, Net<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
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<tr><th class="th"><div>Aug. 31, 2016</div></th></tr>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DisclosureTextBlockAbstract', window );"><strong>Notes to Financial Statements</strong></a></td>
<td class="text">&#160;<span></span>
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<td class="text"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"><div style="display: inline; font-weight: bold;">5. PATENTS AND TRADEMARKS, NET</div></div> <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"><div style="display: inline; font-weight: bold;">&nbsp;</div></div> <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px">Patents and trademarks, net consisted of the following:</div> <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</div> <div> <table style="TEXT-INDENT: 0;WIDTH: 100%; BORDER-COLLAPSE: collapse; width: 700px;" cellspacing="0" cellpadding="0">  <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify">&nbsp;</td> <td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3" nowrap="nowrap">August 31, 2016</td> <td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3" nowrap="nowrap">August 31, 2015</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"> <td style="FONT-SIZE: 10pt; WIDTH: 74%; TEXT-ALIGN: justify">Patents and trademarks</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%">&nbsp;</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">$</td> <td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right">2,575,435</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%">&nbsp;</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">$</td> <td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right">2,440,022</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt; TEXT-ALIGN: justify">Less accumulated amortization</td> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">(1,296,838</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">)</td> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">(1,177,803</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">)</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 2.25pt; TEXT-ALIGN: justify">&nbsp;</td> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 2.25pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left">$</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: right">1,278,597</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 2.25pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left">$</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: right">1,262,219</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left">&nbsp;</td> </tr>  </table> </div> <div style=" FONT-SIZE: 10pt; TEXT-ALIGN: justify; MARGIN: 0pt 0px">&nbsp;</div> <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px">Patent and trademark costs are amortized over seven years. Costs incurred related to patents and trademarks are capitalized until filed and approved, at which time the amounts capitalized to date are amortized and any further costs, including maintenance costs, are expensed as incurred. Amortization expense was $119,032 and $87,663 for the years ended August 31, 2016 and 2015, respectively. Amortization expense is estimated to approximate $120,000 in each of the next five fiscal years.</div></div><span></span>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for all or part of the information related to intangible assets.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 350<br> -SubTopic 30<br> -Section 50<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=66006027&amp;loc=d3e16265-109275<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 350<br> -SubTopic 30<br> -Section 50<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=66006027&amp;loc=d3e16323-109275<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 350<br> -SubTopic 30<br> -Section 50<br> -Paragraph 3<br> -URI http://asc.fasb.org/extlink&amp;oid=66006027&amp;loc=d3e16373-109275<br></p></div>
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<span style="display: none;">v3.5.0.2</span><table class="report" border="0" cellspacing="2" id="idp6919505296">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Note 6 - Investments in Joint Ventures<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
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<tr><th class="th"><div>Aug. 31, 2016</div></th></tr>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DisclosureTextBlockAbstract', window );"><strong>Notes to Financial Statements</strong></a></td>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EquityMethodInvestmentsDisclosureTextBlock', window );">Equity Method Investments and Joint Ventures Disclosure [Text Block]</a></td>
<td class="text"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"><div style="display: inline; font-weight: bold;">6. INVESTMENTS IN JOINT VENTURES</div></div> <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"><div style="display: inline; font-weight: bold;">&nbsp;</div></div> <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px">The financial statements of the Company&#x2019;s foreign joint ventures are initially prepared using the accounting principles accepted in the respective joint ventures&#x2019; countries of domicile. Amounts related to foreign joint ventures reported in the below tables and the accompanying consolidated financial statements have subsequently been adjusted to conform with accounting principles generally accepted in the United States of America in all material respects. All material profits recorded on sales from the Company to its joint ventures and from joint ventures to other joint ventures have been eliminated for financial reporting purposes.</div> <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</div> <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px">Financial information of the Company&#x2019;s joint venture in Germany, Excor Korrosionsschutz &#x2013; Technologien und Produkte GmbH (EXCOR), and all of the Company&#x2019;s other joint ventures, are summarized as follows:</div> <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</div> <div> <table style="TEXT-INDENT: 0;WIDTH: 100%; BORDER-COLLAPSE: collapse; width: 700px;" cellspacing="0" cellpadding="0">  <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="11">As of August 31, 2016</td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3">Total</td> <td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3">EXCOR</td> <td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3">All Other</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"> <td style="FONT-SIZE: 10pt; WIDTH: 61%; TEXT-ALIGN: left">Current assets</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%">&nbsp;</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">$</td> <td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right">48,922,924</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%">&nbsp;</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">$</td> <td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right">22,928,810</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%">&nbsp;</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">$</td> <td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right">25,994,114</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">Total assets</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">52,407,026</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">24,733,340</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">27,673,686</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">Current liabilities</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12,433,700</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,485,231</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8,948,469</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">Noncurrent liabilities</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">100,783</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#x2014;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">100,783</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">Joint ventures&#x2019; equity</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">39,872,543</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">21,248,109</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">18,624,434</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">Northern Technologies International Corporation&#x2019;s share of joint ventures&#x2019; equity</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">19,840,774</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10,624,056</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">9,216,728</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">Northern Technologies International Corporation's share of joint ventures&#x2019; undistributed earnings</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">17,779,912</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">$</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10,593,151</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">$</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7,186,761</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">Northern Technologies International Corporation's dividends received from joint ventures</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">$</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,503,314</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">$</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,364,700</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">$</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,165,614</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> </tr>  </table> </div> <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</div> <div> <table style="TEXT-INDENT: 0;WIDTH: 100%; BORDER-COLLAPSE: collapse; width: 700px;" cellspacing="0" cellpadding="0">  <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="11">Fiscal Year Ended August 31, 2016</td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3">Total</td> <td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3">EXCOR</td> <td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3">All Other</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"> <td style="FONT-SIZE: 10pt; WIDTH: 61%; TEXT-ALIGN: left">Net sales</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%">&nbsp;</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">$</td> <td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right">90,646,833</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%">&nbsp;</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">$</td> <td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right">35,138,214</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%">&nbsp;</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">$</td> <td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right">55,508,619</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">Gross profit</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">40,440,726</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">18,635,421</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">21,805,305</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">Net income</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">9,534,771</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7,049,462</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,485,309</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">Northern Technologies International Corporation&#x2019;s share of equity in income from joint ventures</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">$</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,743,831</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">$</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,534,113</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">$</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,209,718</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> </tr>  </table> </div> <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</div> <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"></div> <div style="MARGIN-BOTTOM: 6pt; BORDER-BOTTOM: black 4pt solid; MARGIN-TOP: 12pt"> <table style="TEXT-INDENT: 0;FONT-SIZE: 10pt; WIDTH: 100%; BORDER-COLLAPSE: collapse; width: 700px;" cellspacing="0" cellpadding="0">  <tr style="VERTICAL-ALIGN: top; TEXT-ALIGN: left"> <td style="WIDTH: 100%; TEXT-ALIGN: center">70</td> </tr>  </table> </div> <div style="PAGE-BREAK-BEFORE: always; MARGIN-TOP: 6pt">  &nbsp; </div> <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</div> <div> <table style="TEXT-INDENT: 0;WIDTH: 100%; BORDER-COLLAPSE: collapse; width: 700px;" cellspacing="0" cellpadding="0">  <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="11">As of August 31, 2015</td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3">Total</td> <td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3">EXCOR</td> <td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3">All Other</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"> <td style="FONT-SIZE: 10pt; WIDTH: 61%; TEXT-ALIGN: left">Current assets</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%">&nbsp;</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">$</td> <td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right">49,295,116</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%">&nbsp;</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">$</td> <td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right">22,620,323</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%">&nbsp;</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">$</td> <td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right">26,674,793</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">Total assets</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">52,853,938</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">24,606,880</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">28,247,058</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">Current liabilities</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12,288,383</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,360,142</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8,928,241</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">Noncurrent liabilities</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,215,139</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#x2014;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,215,139</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">Joint ventures&#x2019; equity</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">39,350,417</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">21,246,738</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">18,103,679</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">Northern Technologies International Corporation&#x2019;s share of joint ventures&#x2019; equity</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">20,544,238</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11,571,361</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8,972,877</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">Northern Technologies International Corporation's share of joint ventures&#x2019; undistributed earnings</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">18,483,377</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11,540,456</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6,942,921</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">Northern Technologies International Corporation's dividends received from joint ventures</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">$</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,983,338</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">$</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,440,200</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">$</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">543,138</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> </tr>  </table> </div> <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</div> <div> <table style="TEXT-INDENT: 0;WIDTH: 100%; BORDER-COLLAPSE: collapse; width: 700px;" cellspacing="0" cellpadding="0">  <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="11">Fiscal Year Ended August 31, 2015</td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3">Total</td> <td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3">EXCOR</td> <td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3">All Other</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"> <td style="FONT-SIZE: 10pt; WIDTH: 61%; TEXT-ALIGN: left">Net sales</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%">&nbsp;</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">$</td> <td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right">99,026,251</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%">&nbsp;</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">$</td> <td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right">36,872,664</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%">&nbsp;</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">$</td> <td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right">62,153,587</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">Gross profit</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">48,397,318</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">19,993,763</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">28,403,555</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">Net income</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11,849,107</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8,201,659</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,647,448</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">Northern Technologies International Corporation&#x2019;s share of equity in income from joint ventures</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">$</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,936,565</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">$</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,091,608</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">$</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,844,957</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> </tr>  </table> </div> <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</div> <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px">On January 2, 2015, the Company announced that, effective as of December 31, 2014, the Company terminated its joint venture agreements with its previous joint venture in China, Tianjin Zerust, and began the process of liquidating the joint venture entity. Since December 31, 2014, the Company has conducted business in China through a wholly-owned subsidiary, NTIC (Shanghai) Co. Ltd. As of December 31, 2014, the Company started recognizing Tianjin Zerust based on its carrying value instead of the equity method since the Company no longer expects to significantly affect the joint venture&#x2019;s operations or decision making. See Note 7.</div> <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</div> <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px">The Company records expenses that are directly attributable to its joint ventures on its consolidated statements of operations in the line item &#x201c;Expenses incurred in support of joint ventures.&#x201d; The expenses include items such as employee compensation and benefit expenses, travel expense and consulting expense. See note 16 regarding ongoing litigation involving Tianjin Zerust.</div> <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</div> <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px">The Company did not make any joint venture investments during fiscal 2016 or fiscal 2015.</div> <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</div> <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px">On November 30, 2013, the Company agreed to sell its indirect ownership interest in M&uuml;tec GmbH (M&uuml;tec), the Company&#x2019;s former joint venture in Germany which manufactures proprietary electronic sensing instruments. In connection with the transaction, the owner of M&uuml;tec borrowed $168,000 from the Company to be repaid over four years with no interest. As of August 31, 2016 and 2015, $92,874 and $125,891 was due to the Company related to this transaction, respectively.</div></div><span></span>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for equity method investments and joint ventures. Equity method investments are investments that give the investor the ability to exercise significant influence over the operating and financial policies of an investee. Joint ventures are entities owned and operated by a small group of businesses as a separate and specific business or project for the mutual benefit of the members of the group.</p></div>
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<span style="display: none;">v3.5.0.2</span><table class="report" border="0" cellspacing="2" id="idp6919616304">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Note 7 - China Operations<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
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<tr><th class="th"><div>Aug. 31, 2016</div></th></tr>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DisclosureTextBlockAbstract', window );"><strong>Notes to Financial Statements</strong></a></td>
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<td class="text"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"><div style="display: inline; font-weight: bold;">7. CHINA OPERATIONS</div></div> <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</div> <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px">Effective December 31, 2014, the Company terminated its joint venture agreements with its previous joint venture in China, Tianjin Zerust, began the process of liquidating the joint venture entity, and commenced operations in China through a wholly-owned subsidiary, NTIC (Shanghai) Co. Ltd. on January 1, 2015. Effective December 31, 2014, the Company&#x2019;s investment in Tianjin Zerust is reported at carrying value based on the Company&#x2019;s decreased level of influence over the entity, and the Company has reclassified previously unrecognized gains on foreign currency translation from accumulated other comprehensive income. Any declines in the fair value are reflected as adjustments to the carrying value.</div> <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</div>   <div style=" font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Since it began the process of liquidating the joint venture entity on December 31, 2014, the Company has not received any proceeds from the assets of Tianjin Zerust. In addition, the Company has not received financial information or cooperation from its joint venture partner in determining the investment value for the year ended August 31, 2016. During the fourth quarter of fiscal 2016, the Company obtained additional information regarding the financial position of the investment through the legal proceedings that have been ongoing (See Note 16). These circumstances have resulted in the Company concluding an indication of impairment exists and that the fair value of the investment is $0 based on accounting principles generally accepted in the United States of America.</div> <div style=" font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</div>    <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px">The investment in Tianjin Zerust is as follows:</div> <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</div> <div> <table style="TEXT-INDENT: 0;WIDTH: 100%; BORDER-COLLAPSE: collapse; width: 700px;" cellspacing="0" cellpadding="0">  <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3">Investment</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"> <td style="FONT-SIZE: 10pt; WIDTH: 87%">Equity method investment &#x2013; August 31, 2015</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%">&nbsp;</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">$</td> <td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right">2,243,524</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">Equity in earnings &#x2013; fiscal year 2016</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">132,824</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt; TEXT-ALIGN: left">Reclassification of translation gains on foreign currency translation</td> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt; TEXT-ALIGN: right">(492,680</td> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt; TEXT-ALIGN: left">)</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt; TEXT-ALIGN: left">Recording the impairment of the cost basis investment</td> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">(1,883,668</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">)</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 2.25pt">Investment at carrying value &#x2013; August 31, 2016</td> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 2.25pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left">$</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: right">-</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left">&nbsp;</td> </tr>  </table> </div> <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</div> <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px">See Note 16 regarding ongoing litigation involving Tianjin Zerust.</div></div><span></span>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 820<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=66048111&amp;loc=d3e19207-110258<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 825<br> -SubTopic 10<br> -Section 50<br> -Paragraph 30<br> -URI http://asc.fasb.org/extlink&amp;oid=6957238&amp;loc=d3e14172-108612<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 825<br> -SubTopic 10<br> -Section 50<br> -Paragraph 28<br> -URI http://asc.fasb.org/extlink&amp;oid=6957238&amp;loc=d3e14064-108612<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 825<br> -SubTopic 10<br> -Section 50<br> -Paragraph 21<br> -URI http://asc.fasb.org/extlink&amp;oid=73719730&amp;loc=d3e13537-108611<br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 825<br> -SubTopic 10<br> -Section 50<br> -Paragraph 16<br> -URI http://asc.fasb.org/extlink&amp;oid=73719730&amp;loc=d3e13504-108611<br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 825<br> -SubTopic 10<br> -Section 50<br> -Paragraph 10<br> -URI http://asc.fasb.org/extlink&amp;oid=73719730&amp;loc=d3e13433-108611<br></p></div>
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<span style="display: none;">v3.5.0.2</span><table class="report" border="0" cellspacing="2" id="idp6919543104">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Note 8 - Corporate Debt<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DisclosureTextBlockAbstract', window );"><strong>Notes to Financial Statements</strong></a></td>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtDisclosureTextBlock', window );">Debt Disclosure [Text Block]</a></td>
<td class="text"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"><div style="display: inline; font-weight: bold;">8. CORPORATE DEBT</div></div> <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</div> <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"></div> <div style=" font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The Company has a revolving line of credit with PNC Bank of $3,000,000. No amounts were outstanding under the line of credit as of both August 31, 2016 and 2015. At the option of the Company, outstanding advances under the line of credit bear interest at either (a) an annual rate based on LIBOR plus 2.15% for the applicable LIBOR interest period selected by the Company or (b) at the rate publicly announced by PNC Bank from time to time as its prime rate. The line of credit matures on January 7, 2017.</div> <div style=" font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</div> <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px">The line of credit is subject to standard covenants, including affirmative financial covenants, such as the maintenance of a minimum fixed charge coverage ratio, and negative covenants, which, among other things, limit the incurrence of additional indebtedness, loans and equity investments, disposition of assets, mergers and consolidations and other matters customarily restricted in such agreements. Under the loan agreement, the Company is subject to a minimum fixed charge coverage ratio of 1.10:1.00. As of August 31, 2016, the Company was in compliance with all debt covenants.</div> <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</div> <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px">The revolving credit facility allows the Company to request that PNC Bank issue letters of credit up to $1,200,000. The Company did not have any letters of credit reserved against the available letters of credit balance as of August 31, 2016 and 2015 with PNC Bank. The availability of advances under the line of credit will be reduced by the face amount of any letter of credit issued and outstanding (whether or not drawn) under the revolving credit facility.&nbsp;</div> <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</div> <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px">As of August 31, 2016, the Company had $71,599 of letters of credit with JP Morgan Chase Bank that are performance based and set to expire between 2020 and 2022.</div></div><span></span>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 505<br> -SubTopic 10<br> -Section 50<br> -Paragraph 3<br> -URI http://asc.fasb.org/extlink&amp;oid=6928386&amp;loc=d3e21475-112644<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.19,20,22)<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
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<span style="display: none;">v3.5.0.2</span><table class="report" border="0" cellspacing="2" id="idp6749003968">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Note 9 - Stockholders' Equity<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DisclosureTextBlockAbstract', window );"><strong>Notes to Financial Statements</strong></a></td>
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<td class="text"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"><div style="display: inline; font-weight: bold;">9. STOCKHOLDERS&#x2019; EQUITY</div></div> <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</div> <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px">On January 15, 2015, the Company&#x2019;s Board of Directors authorized the repurchase of up to $3,000,000 in shares of common stock through open market purchases or unsolicited or solicited privately negotiated transactions. This program has no expiration date but may be terminated by the Company&#x2019;s Board of Directors at any time. As of August 31, 2016, up to $2,836,656 in shares of common stock remained available for repurchase under the stock repurchase program. During fiscal 2016, the Company repurchased and retired 11,211 shares of its common stock at an average price of $12.40 per share. No stock options to purchase shares of common stock were exercised during fiscal 2016.</div> <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</div>    <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px">The Company granted stock options under the Northern Technologies International Corporation Amended and Restated 2007 Stock Incentive Plan (the 2007 Plan) to purchase an aggregate of 53,447 shares of its common stock to various employees and directors during fiscal 2016. The weighted average per share exercise price of the stock options is $14.85, which was equal to the fair market value of the Company&#x2019;s common stock on the date of grant.</div> <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</div> <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px">No stock options to purchase shares of common stock were exercised during fiscal 2016.</div> <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</div> <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px">The following stock options to purchase shares of common stock were exercised during fiscal 2015:</div> <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</div> <div> <table style="TEXT-INDENT: 0;WIDTH: 50%; BORDER-COLLAPSE: collapse; width: 700px;" cellspacing="0" cellpadding="0">  <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center">Options <br />Exercised</td> <td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3">Exercise <br />Price</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"> <td style="FONT-SIZE: 10pt; WIDTH: 48%; TEXT-ALIGN: center">18,000</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%">&nbsp;</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">$</td> <td style="FONT-SIZE: 10pt; WIDTH: 47%; TEXT-ALIGN: right">9.76</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: center">18,000</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7.65</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: center">2,333</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10.20</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> </tr>  </table> </div> <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</div> <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px">The total intrinsic value of the options exercised during fiscal 2015 was $297,696.</div> <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</div> <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px">The Company granted stock options under the Northern Technologies International Corporation Amended and Restated 2007 Stock Incentive Plan (the 2007 Plan) to purchase an aggregate of 45,067 shares of its common stock to various employees and directors during fiscal 2015. The weighted average per share exercise price of the stock options is $20.10, which was equal to the fair market value of the Company&#x2019;s common stock on the date of grant.</div></div><span></span>
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<span style="display: none;">v3.5.0.2</span><table class="report" border="0" cellspacing="2" id="idp6919543680">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Note 10 - Net Income (Loss) Per Common Share<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th"><div>Aug. 31, 2016</div></th></tr>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DisclosureTextBlockAbstract', window );"><strong>Notes to Financial Statements</strong></a></td>
<td class="text">&#160;<span></span>
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<td class="text"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"><div style="display: inline; font-weight: bold;">10. NET INCOME (LOSS) PER COMMON SHARE </div></div> <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</div> <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px">Basic net income (loss) per common share is computed by dividing net income (loss) by the weighted average number of common shares outstanding. Diluted net income (loss) per share assumes the exercise of stock options using the treasury stock method, if dilutive.</div> <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</div> <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px">Options to purchase shares of common stock of 45,067 were excluded from the computation of common share equivalents for fiscal 2015, as the exercise prices of such options were greater than market price of a share of common stock.</div> <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</div> <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px">The following is a reconciliation of the earnings per share computation:</div> <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</div> <div> <table style="TEXT-INDENT: 0;WIDTH: 100%; BORDER-COLLAPSE: collapse; width: 700px;" cellspacing="0" cellpadding="0">  <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt; TEXT-ALIGN: justify">Numerator:</td> <td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3" nowrap="nowrap">August 31, 2016</td> <td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3" nowrap="nowrap">August 31, 2015</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"> <td style="FONT-SIZE: 10pt; WIDTH: 74%; TEXT-ALIGN: justify">Net (loss) income attributable to NTIC</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%">&nbsp;</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">$</td> <td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right">(867,514</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">)</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%">&nbsp;</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">$</td> <td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right">1,789,571</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"> <td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; TEXT-ALIGN: justify">Denominator:</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify">Basic-weighted shares outstanding</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,537,504</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,521,788</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt; TEXT-ALIGN: justify">Weighted shares assumed upon exercise of stock options</td> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">0</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">127,272</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 2.25pt; TEXT-ALIGN: justify">Diluted &#x2013; weighted shares outstanding</td> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 2.25pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: right">4,537,504</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 2.25pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: right">4,649,060</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify">Basic income (loss) earnings per share:</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">$</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">(0.19</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">)</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">$</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">0.40</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify">Diluted income (loss) earnings per share:</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">$</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">(0.19</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">)</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">$</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">0.38</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> </tr>  </table> </div> <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</div> <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px">The dilutive impact summarized above relates to the periods when the average market price of Company stock exceeded the exercise price of the potentially dilutive option securities granted. Earnings per common share were based on the weighted average number of common shares outstanding during the periods when computing the basic earnings per share. When dilutive, stock options are included as equivalents using the treasury stock market method when computing the diluted earnings per share. 170,887 of shares of common stock were excluded because the effect was anti-dilutive due to the Company&#x2019;s net loss for fiscal 2016.</div></div><span></span>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for earnings per share.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 260<br> -SubTopic 10<br> -Section 45<br> -Paragraph 3<br> -URI http://asc.fasb.org/extlink&amp;oid=64863997&amp;loc=d3e1278-109256<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 260<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=6371337&amp;loc=d3e3550-109257<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 260<br> -SubTopic 10<br> -Section 45<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=64863997&amp;loc=d3e1252-109256<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 260<br> -SubTopic 10<br> -Section 55<br> -Paragraph 52<br> -URI http://asc.fasb.org/extlink&amp;oid=65016374&amp;loc=d3e4984-109258<br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 225<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03.21)<br> -URI http://asc.fasb.org/extlink&amp;oid=63488584&amp;loc=d3e20235-122688<br></p></div>
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<span style="display: none;">v3.5.0.2</span><table class="report" border="0" cellspacing="2" id="idp6749081856">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Note 11 - Stock-based Compensation<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
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<tr><th class="th"><div>Aug. 31, 2016</div></th></tr>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock', window );">Disclosure of Compensation Related Costs, Share-based Payments [Text Block]</a></td>
<td class="text"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"><div style="display: inline; font-weight: bold;">11. STOCK-BASED COMPENSATION</div></div> <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</div> <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px">The Company has two stock-based compensation plans under which stock options and other stock-based awards have been granted, the Northern Technologies International Corporation Amended and Restated 2007 Stock Incentive Plan (the 2007 Plan) and the Northern Technologies International Corporation Employee Stock Purchase Plan (the ESPP). The Compensation Committee of the Board of Directors and the Board of Directors administer these plans.</div> <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</div> <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px">The 2007 Plan provides for the grant of incentive stock options, non-statutory stock options, stock appreciation rights, restricted stock, stock unit awards, performance awards and stock bonuses to eligible recipients to enable the Company and its subsidiaries to attract and retain qualified individuals through opportunities for equity participation in the Company, and to reward those individuals who contribute to the achievement of the Company&#x2019;s economic objectives. Subject to adjustment as provided in the 2007 Plan, up to a maximum of 800,000 shares of the Company&#x2019;s common stock are issuable under the 2007 Plan. Options granted under the 2007 Plan generally have a term of ten years and become exercisable over a three- or four-year period beginning on the one-year anniversary of the date of grant. Options are granted at per share exercise prices equal to the market value of the Company&#x2019;s common stock on the date of grant. The Company issues new shares upon the exercise of options. As of August 31, 2016, only stock options and stock bonuses had been granted under the 2007 Plan.</div> <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</div> <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px">The maximum number of shares of common stock of the Company available for issuance under the ESPP is 100,000 shares, subject to adjustment as provided in the ESPP. The ESPP provides for six-month offering periods beginning on September 1 and March 1 of each year. The purchase price of the shares is 90% of the lower of the fair market value of common stock at the beginning or end of the offering period. This discount may not exceed the maximum discount rate permitted for plans of this type under Section 423 of the Internal Revenue Code of 1986, as amended. The ESPP is compensatory for financial reporting purposes. The Company issued 2,438 and 3,206 shares of common stock on September 1, 2015 and 2014, respectively, under the ESPP. The Company issued 3,144 shares on March 1, 2016 under the ESPP.</div> <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</div> <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px">The fair value of option grants is determined at date of grant, using the Black-Scholes option pricing model with the assumptions listed below.&nbsp; The volatility factor used in the Black-Scholes option pricing model is based on historical stock price fluctuations and the risk-free interest rate is based on U.S. treasury rates appropriate for the expected term. Dividend yield and expected volatility are estimated using historical amounts that are anticipated to be consistent with current values. Expected life of the option is based on the life of the option agreements. Based on these valuations, the Company recognized compensation expense of $427,437 and $495,683 during fiscal 2016 and fiscal 2015, respectively, related to the options that vested during such time period. As of August&nbsp;31, 2016, the total compensation cost for non-vested options not yet recognized in the Company&#x2019;s consolidated statements of operations was $239,400. Stock-based compensation expense of $159,600 and $79,800 is expected to be recognized during fiscal 2017 and 2018, based on outstanding options as of August 31, 2016. Future option grants will impact the compensation expense recognized. Stock-based compensation expense is included in general and administrative expense on the consolidated statements of operations.</div> <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</div> <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px">The Company currently estimates a ten percent forfeiture rate for stock options, and continually reviews this estimate in future periods.</div> <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</div> <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px">The fair value of each option grant is estimated on the grant date using the Black-Scholes option-pricing model with the following assumptions and results for the grants:</div> <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</div> <div> <table style="TEXT-INDENT: 0;WIDTH: 100%; BORDER-COLLAPSE: collapse; width: 700px;" cellspacing="0" cellpadding="0">  <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify">&nbsp;</td> <td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3" nowrap="nowrap">August 31, 2016</td> <td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3" nowrap="nowrap">August 31, 2015</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"> <td style="FONT-SIZE: 10pt; WIDTH: 74%; TEXT-ALIGN: justify">Dividend yield</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%">&nbsp;</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right">0.00</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">%</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%">&nbsp;</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right">0.00</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">%</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify">Expected volatility</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">46.0</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">%</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">46.6</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">%</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify">Expected life of option (years)</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify">Weighted average risk-free interest rate</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1.63</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">%</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1.63</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">%</td> </tr>  </table> </div> <div style=" FONT-SIZE: 10pt; TEXT-ALIGN: justify; MARGIN: 0pt 0px">&nbsp;</div>     <div style=" FONT-SIZE: 10pt; TEXT-ALIGN: justify; MARGIN: 0pt 0px">Stock option activity during the periods indicated is as follows:</div> <div style=" FONT-SIZE: 10pt; TEXT-ALIGN: justify; MARGIN: 0pt 0px">&nbsp;</div> <div> <table style="TEXT-INDENT: 0;WIDTH: 100%; BORDER-COLLAPSE: collapse; width: 700px;" cellspacing="0" cellpadding="0">  <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify">&nbsp;</td> <td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3">Number of <br />Shares (#)</td> <td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3">Weighted Average Exercise Price</td> <td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3">Aggregate <br />Intrinsic Value</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"> <td style="FONT-SIZE: 10pt; WIDTH: 61%; TEXT-ALIGN: justify">Outstanding at August 31, 2014</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%">&nbsp;</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right">239,000</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%">&nbsp;</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">$</td> <td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right">11.66</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%">&nbsp;</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right">&nbsp;</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; TEXT-INDENT: 10pt">Options granted</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">45,067</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">20.10</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; TEXT-INDENT: 10pt">Options exercised</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">(38,333</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">)</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">9.00</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt; TEXT-ALIGN: justify; TEXT-INDENT: 10pt">Options terminated</td> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">(4,000</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">)</td> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">10.20</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt; TEXT-ALIGN: right">&nbsp;</td> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify">Outstanding at August 31, 2015</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">241,734</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">13.72</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; TEXT-INDENT: 10pt">Options granted</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">53,447</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">14.85</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; TEXT-INDENT: 10pt">Options exercised</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">0</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">0.00</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt; TEXT-ALIGN: justify; TEXT-INDENT: 10pt">Options terminated</td> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">(12,000</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">)</td> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">13.38</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt; TEXT-ALIGN: right">&nbsp;</td> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify">Outstanding at August 31, 2016</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">283,181</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">$</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">13.95</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">$</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">392,370</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify">Exercisable at August 31, 2016</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">188,600</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">$</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">13.45</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">$</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">336,683</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> </tr>  </table> </div> <div style=" FONT-SIZE: 10pt; TEXT-ALIGN: justify; MARGIN: 0pt 0px">&nbsp;</div> <div style=" FONT-SIZE: 10pt; TEXT-ALIGN: justify; MARGIN: 0pt 0px">The weighted average per share fair value of options granted during fiscal 2016 and fiscal 2015 was $8.48 and $11.58, respectively. The weighted average remaining contractual life of the total options and exercisable options outstanding as of August 31, 2016 was 6.46 years and 5.60 years, respectively.</div></div><span></span>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for compensation-related costs for equity-based compensation, which may include disclosure of policies, compensation plan details, allocation of equity compensation, incentive distributions, equity-based arrangements to obtain goods and services, deferred compensation arrangements, employee stock ownership plan details and employee stock purchase plan details.</p></div>
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<span style="display: none;">v3.5.0.2</span><table class="report" border="0" cellspacing="2" id="idp6749135872">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Note 12 - Segment and Geographic Information<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
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<tr><th class="th"><div>Aug. 31, 2016</div></th></tr>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DisclosureTextBlockAbstract', window );"><strong>Notes to Financial Statements</strong></a></td>
<td class="text">&#160;<span></span>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SegmentReportingDisclosureTextBlock', window );">Segment Reporting Disclosure [Text Block]</a></td>
<td class="text"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"><div style="display: inline; font-weight: bold;">12. SEGMENT AND GEOGRAPHIC INFORMATION</div></div> <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</div> <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"><div style="display: inline; font-style: italic;">Segment Information</div></div> <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</div>  <div style=" font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The Company&#x2019;s chief operating decision maker (CODM) is its Chief Executive Officer. The Company&#x2019;s business is organized into two reportable segments: ZERUST<div style="display: inline; bottom:.33em; font-size: 82%; position: relative; vertical-align: baseline;">&reg;</div> and Natur-Tec<div style="display: inline; bottom:.33em; font-size: 82%; position: relative; vertical-align: baseline;">&reg;</div>. The Company has been selling its proprietary ZERUST<div style="display: inline; bottom:.33em; font-size: 82%; position: relative; vertical-align: baseline;">&reg;</div> rust and corrosion inhibiting products and services to the automotive, electronics, electrical, mechanical, military and retail consumer markets for over 40 years, and more recently, has targeted and expanded into the oil and gas industry. The Company also sells a portfolio of bio-based and compostable (fully biodegradable) polymer resin compounds and finished products under the Natur-Tec<div style="display: inline; bottom:.33em; font-size: 82%; position: relative; vertical-align: baseline;">&reg;</div> brand.</div> <div style=" font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</div> <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px">The following tables present the Company&#x2019;s business segment information in fiscal 2016 and fiscal 2015:</div> <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</div> <div> <table style="TEXT-INDENT: 0;WIDTH: 100%; BORDER-COLLAPSE: collapse; width: 700px;" cellspacing="0" cellpadding="0">  <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify">&nbsp;</td> <td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3" nowrap="nowrap">Fiscal 2016</td> <td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3" nowrap="nowrap">Fiscal 2015</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"> <td style="FONT-SIZE: 10pt; WIDTH: 74%; TEXT-ALIGN: justify"><div style="display: inline; FONT-SIZE: 10pt">ZERUST<div style="display: inline; bottom:.33em; font-size: 82%; position: relative; vertical-align: baseline; vertical-align: baseline; position: relative; bottom:.33em;">&reg;</div> net sales</div></td> <td style="FONT-SIZE: 10pt; WIDTH: 1%">&nbsp;</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">$</td> <td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right">27,577,566</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%">&nbsp;</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">$</td> <td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right">26,042,909</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt; TEXT-ALIGN: justify"><div style="display: inline; FONT-SIZE: 10pt">Natur-Tec<div style="display: inline; bottom:.33em; font-size: 82%; position: relative; vertical-align: baseline; vertical-align: baseline; position: relative; bottom:.33em;">&reg;</div> net sales</div></td> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">5,355,999</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">4,279,784</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; TEXT-INDENT: 10pt">Total net sales</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">$</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">32,933,565</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">$</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">30,322,693</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> </tr>  </table> </div> <div style=" FONT-SIZE: 10pt; TEXT-ALIGN: justify; MARGIN: 0pt 0px"><div style="display: inline; font-style: italic;">&nbsp;</div></div> <div style=" FONT-SIZE: 10pt; TEXT-ALIGN: justify; MARGIN: 0pt 0px">The following table sets forth the Company&#x2019;s cost of goods sold for fiscal 2016 and fiscal 2015 by segment:</div> <div style=" FONT-SIZE: 10pt; TEXT-ALIGN: justify; MARGIN: 0pt 0px">&nbsp;</div> <div> <table style="TEXT-INDENT: 0;WIDTH: 100%; BORDER-COLLAPSE: collapse; width: 700px;" cellspacing="0" cellpadding="0">  <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify">&nbsp;</td> <td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3" nowrap="nowrap">Fiscal 2016</td> <td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3" nowrap="nowrap">Fiscal 2015</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify">Direct cost of goods sold</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"> <td style="FONT-SIZE: 10pt; WIDTH: 74%; TEXT-ALIGN: justify; TEXT-INDENT: 10pt"><div style="display: inline; FONT-SIZE: 10pt">ZERUST<div style="display: inline; bottom:.33em; font-size: 82%; position: relative; vertical-align: baseline; vertical-align: baseline; position: relative; bottom:.33em;">&reg;</div></div></td> <td style="FONT-SIZE: 10pt; WIDTH: 1%">&nbsp;</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">$</td> <td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right">15,588,133</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%">&nbsp;</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">$</td> <td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right">14,399,456</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; TEXT-INDENT: 10pt"><div style="display: inline; FONT-SIZE: 10pt">Natur-Tec<div style="display: inline; bottom:.33em; font-size: 82%; position: relative; vertical-align: baseline; vertical-align: baseline; position: relative; bottom:.33em;">&reg;</div></div></td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,076,249</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,232,353</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt; TEXT-ALIGN: justify">Indirect cost of goods sold</td> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">2,655,774</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">2,924,124</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; TEXT-INDENT: 20pt">Total net cost of goods sold</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">$</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">22,320,156</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">$</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">20,555,932</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> </tr>  </table> </div>    <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px">The Company utilizes product net sales and direct and indirect cost of goods sold for each product in reviewing the financial performance of a product type. Further allocation of Company expenses or assets, aside from amounts presented in the tables above, is not utilized in evaluating product performance, nor does such allocation occur for internal financial reporting.</div> <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</div> <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px">Sales to the Company&#x2019;s joint ventures are included in the foregoing geographic and segment information, however, sales by the Company&#x2019;s joint ventures to other parties are not included. The foregoing geographic and segment information represents only sales and cost of goods sold recognized directly by the Company.</div> <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</div> <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px">All joint venture operations including equity in income, fees for services and related dividends are related to Zerust products and services.</div> <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</div> <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"><div style="display: inline; font-style: italic;">Geographic Information</div></div> <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</div> <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px">Net sales by geographic location were as follows:</div> <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</div> <div> <table style="TEXT-INDENT: 0;WIDTH: 100%; BORDER-COLLAPSE: collapse; width: 700px;" cellspacing="0" cellpadding="0">  <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify">&nbsp;</td> <td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="7" nowrap="nowrap">Fiscal Year Ended August 31,</td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify">&nbsp;</td> <td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3">2016</td> <td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3">2015</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"> <td style="FONT-SIZE: 10pt; WIDTH: 74%; TEXT-ALIGN: left">Inside the U.S.A. to unaffiliated customers</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%">&nbsp;</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">$</td> <td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right">20,304,480</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%">&nbsp;</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">$</td> <td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right">19,329,979</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">Outside the U.S.A. to:</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left; TEXT-INDENT: 10pt">Joint ventures in which the Company is a shareholder directly and indirectly</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,721,905</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,831,301</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt; TEXT-ALIGN: left; TEXT-INDENT: 11pt">Unaffiliated customers</td> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">9,907,180</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">8,161,413</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 2.25pt; TEXT-ALIGN: justify">&nbsp;</td> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 2.25pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left">$</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: right">32,933,565</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 2.25pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left">$</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: right">30,322,693</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left">&nbsp;</td> </tr>  </table> </div> <div style=" FONT-SIZE: 10pt; TEXT-ALIGN: justify; MARGIN: 0pt 0px">&nbsp;</div> <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px">Net sales by geographic location are based on the location of the customer.</div> <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</div> <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px">Fees for services provided to joint ventures by geographic location as a percentage of total fees for services provided to joint ventures during fiscal 2016 and fiscal 2015, respectively, were as follows:</div> <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</div> <div> <table style="TEXT-INDENT: 0;WIDTH: 100%; BORDER-COLLAPSE: collapse; width: 700px;" cellspacing="0" cellpadding="0">  <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify">&nbsp;</td> <td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3" nowrap="nowrap">Fiscal 2016</td> <td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3" nowrap="nowrap">Fiscal 2015</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"> <td style="FONT-SIZE: 10pt; WIDTH: 74%; TEXT-ALIGN: justify">Germany</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%">&nbsp;</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">$</td> <td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right">845,857</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%">&nbsp;</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">$</td> <td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right">873,400</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify">Japan</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">646,015</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">599,108</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify">Poland</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">599,391</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">600,255</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify">Thailand</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">537,212</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">554,881</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify">United Kingdom</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">386,761</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">396,514</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify">Korea</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">352,393</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">192,539</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify">France</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">329,805</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">412,608</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify">India</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">300,506</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">277,548</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify">Sweden</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">265,745</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">323,610</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify">Finland</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">252,578</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">281,620</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify">Czech</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">237,062</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">229,185</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify">China</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">0</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">494,080</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt; TEXT-ALIGN: justify">Other</td> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">384,385</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">480,143</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">$</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,137,710</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">$</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,715,491</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> </tr>  </table> </div> <div style=" FONT-SIZE: 10pt; TEXT-ALIGN: justify; MARGIN: 0pt 0px">&nbsp;</div>     <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px">Sales to the Company&#x2019;s joint ventures are included in the foregoing segment and geographic information; however, sales by the Company&#x2019;s joint ventures to other parties are not included. The foregoing segment and geographic information represents only sales and cost of goods sold recognized directly by the Company.</div> <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</div> <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px">See Note 6 for additional details on geographical information regarding equity in income from joint ventures.</div> <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</div> <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px">The geographical distribution of key financial statement data is as follows:</div> <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</div> <div> <table style="TEXT-INDENT: 0;WIDTH: 100%; BORDER-COLLAPSE: collapse; width: 700px;" cellspacing="0" cellpadding="0">  <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3" nowrap="nowrap">At August 31, 2016</td> <td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3" nowrap="nowrap">At August 31, 2015</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"> <td style="FONT-SIZE: 10pt; WIDTH: 74%; TEXT-ALIGN: justify">China</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%">&nbsp;</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">$</td> <td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right">253,931</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%">&nbsp;</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">$</td> <td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right">45,220</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify">Brazil</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">66,938</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">46,918</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify">India</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">13,645</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">16,402</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt; TEXT-ALIGN: justify">United States</td> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">8,219,955</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">8,446,842</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 2.25pt; TEXT-ALIGN: justify; TEXT-INDENT: 10pt">Total long-lived assets</td> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 2.25pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left">$</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: right">8,554,469</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 2.25pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left">$</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: right">8,555,382</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left">&nbsp;</td> </tr>  </table> </div> <div style=" FONT-SIZE: 10pt; TEXT-ALIGN: justify; MARGIN: 0pt 0px">&nbsp;</div> <div> <table style="TEXT-INDENT: 0;WIDTH: 100%; BORDER-COLLAPSE: collapse; width: 700px;" cellspacing="0" cellpadding="0">  <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3">Fiscal Year Ended August 31, 2016</td> <td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3">Fiscal Year Ended August 31, 2015</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"> <td style="FONT-SIZE: 10pt; WIDTH: 74%; TEXT-ALIGN: justify">China</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%">&nbsp;</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">$</td> <td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right">4,114,288</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%">&nbsp;</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">$</td> <td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right">1,070,422</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify">Brazil</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,172,297</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,623,938</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify">India</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,104,947</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">967,241</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify">Other</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,237,553</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6,331,113</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt; TEXT-ALIGN: justify">United States</td> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">20,304,480</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">19,329,979</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 2.25pt; TEXT-ALIGN: justify; TEXT-INDENT: 10pt">Total net sales</td> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 2.25pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left">$</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: right">32,933,565</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 2.25pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left">$</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: right">30,322,693</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left">&nbsp;</td> </tr>  </table> </div> <div style=" FONT-SIZE: 10pt; TEXT-ALIGN: justify; MARGIN: 0pt 0px">&nbsp;</div> <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px">Total long-lived assets located in China, Brazil and India primarily consist of property, plant and equipment. These assets are periodically reviewed to assure the net realizable value from the estimated future production based on forecasted sales exceeds the carrying value of the assets.</div></div><span></span>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for pension and other postretirement benefits.</p></div>
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<span style="display: none;">v3.5.0.2</span><table class="report" border="0" cellspacing="2" id="idp6919633008">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Note 14 - Related Party Transactions<br></strong></div></th>
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<span style="display: none;">v3.5.0.2</span><table class="report" border="0" cellspacing="2" id="idp6749003168">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Note 15 - Income Taxes<br></strong></div></th>
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<td class="text"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"><div style="display: inline; font-weight: bold;">15. INCOME TAXES</div></div> <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</div> <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px">The provision for income taxes for the fiscal years ended August&nbsp;31, 2016 and 2015 consists of the following:</div> <div style=" font-size: 10pt; margin: 0pt 0px">&nbsp;</div> <div> <table style="TEXT-INDENT: 0;WIDTH: 100%; BORDER-COLLAPSE: collapse; width: 700px;" cellspacing="0" cellpadding="0">  <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify">&nbsp;</td> <td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="7">Fiscal Year Ended August 31,</td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify">&nbsp;</td> <td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3">2016</td> <td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3">2015</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify">Current:</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify" colspan="3">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify" colspan="3">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify">Federal</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt">$</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#x2014;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt">$</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#x2014;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"> <td style="FONT-SIZE: 10pt; WIDTH: 74%; TEXT-ALIGN: justify; TEXT-INDENT: 11pt">State</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%">&nbsp;</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right">20,000</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%">&nbsp;</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right">(37,000</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">)</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt; TEXT-ALIGN: justify; TEXT-INDENT: 11pt">Foreign</td> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">647,000</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">542,000</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">667,000</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">505,000</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify">Deferred:</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; TEXT-INDENT: 11pt">Federal</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6,000</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">87,000</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; TEXT-INDENT: 11pt">State</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#x2014;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,000</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt; TEXT-ALIGN: justify; TEXT-INDENT: 11pt">Foreign</td> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">(47,000</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">)</td> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">52,000</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt; TEXT-ALIGN: justify">&nbsp;</td> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">(41,000</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">)</td> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">144,000</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 2.25pt; TEXT-ALIGN: justify">&nbsp;</td> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 2.25pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left">$</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: right">626,000</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 2.25pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left">$</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: right">649,000</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left">&nbsp;</td> </tr>  </table> </div> <div style=" FONT-SIZE: 10pt; TEXT-ALIGN: justify; MARGIN: 0pt 0px">&nbsp;</div>  <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px">Reconciliations of the expected federal income tax at the statutory rate with the provisions for income taxes for the fiscal years ended August 31, 2016 and 2015 are as follows:</div> <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</div> <div> <table style="TEXT-INDENT: 0;WIDTH: 100%; BORDER-COLLAPSE: collapse; width: 700px;" cellspacing="0" cellpadding="0">  <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify">&nbsp;</td> <td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="7" nowrap="nowrap">Fiscal Year Ended August 31,</td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify">&nbsp;</td> <td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3">2016</td> <td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3">2015</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"> <td style="FONT-SIZE: 10pt; WIDTH: 74%; TEXT-ALIGN: left">Tax computed at statutory rates</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%">&nbsp;</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">$</td> <td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right">(195,000</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">)</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%">&nbsp;</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">$</td> <td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right">1,076,000</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">State income tax, net of federal benefit</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">20,000</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">(32,000</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">)</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"> <td style="font-size: 10pt; text-align: left; padding-left: 10pt; text-indent: -10pt">Tax effect on equity in (income) loss of international joint ventures</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">(956,000</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">)</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">(1,986,000</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">)</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"> <td style="font-size: 10pt; text-align: left; padding-left: 10pt; text-indent: -10pt">Tax effect on dividends received from joint ventures and investment at carrying value</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,681,000</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,470,000</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">Tax effect of foreign operations</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">997,000</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">996,000</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">Foreign tax credit</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">(3,178,000</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">)</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">(1,937,000</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">)</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">Research and development credit</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">(408,000</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">)</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">(314,000</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">)</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">Valuation allowance</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,620,000</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,379,000</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">Stock based compensation</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">90,000</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">99,000</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">Non-controlling interest</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">(148,000</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">)</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">(204,000</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">)</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">Other</td> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">103,000</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">102,000</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 2.25pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 2.25pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left">$</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: right">626,000</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 2.25pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left">$</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: right">649,000</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left">&nbsp;</td> </tr>  </table> </div> <div style=" FONT-SIZE: 10pt; TEXT-ALIGN: justify; MARGIN: 0pt 0px 0pt 0.25in; TEXT-INDENT: -0.25in">&nbsp;</div> <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px">The Company has not provided U.S. income taxes or foreign withholding taxes with respect to its portion of the cumulative undistributed earnings of foreign joint ventures that are essentially permanent in duration. The Company&#x2019;s portion of the cumulative undistributed earnings of foreign joint ventures that are essentially permanent in duration were $17,779,912 and $18,483,377 at August 31, 2016 and 2015, respectively.&nbsp; During fiscal 2016, the Company recorded deferred income tax expense of $32,000 representing foreign withholding taxes to be paid with respect to the portion of the cumulative undistributed earnings of foreign joint ventures that it determined were not essentially permanent in duration. If some or all of the undistributed earnings of the joint ventures are remitted to the Company in the future, income taxes, if any, after the application of foreign tax credits will be provided at that time. To the extent undistributed earnings of the Company&#x2019;s joint ventures are distributed in the future, it is not expected to result in any material additional U.S. income tax liability after the application of foreign tax credits.</div> <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</div>    <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px">The tax effect of the temporary differences and tax carryforwards comprising the net deferred taxes shown on the consolidated balance sheets at August&nbsp;31, 2016 and 2015 are as follows:</div> <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</div> <div> <table style="TEXT-INDENT: 0;WIDTH: 100%; BORDER-COLLAPSE: collapse; width: 700px;" cellspacing="0" cellpadding="0">  <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify">&nbsp;</td> <td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="7">August 31,</td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify">&nbsp;</td> <td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3">2016</td> <td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3">2015</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"> <td style="FONT-SIZE: 10pt; WIDTH: 74%; TEXT-ALIGN: left">Accrued compensation</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%">&nbsp;</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">$</td> <td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right">150,600</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%">&nbsp;</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">$</td> <td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right">237,700</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">Inventory costs</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">95,300</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">81,200</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">Accrued joint venture expenses</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">54,200</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">93,200</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">Other accrued expenses</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">87,000</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">53,800</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">Goodwill and other intangible assets</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,332,000</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,123,200</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">Stock-based compensation</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">210,600</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">308,900</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">Foreign tax credit carryforward</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,679,000</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,654,800</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt; TEXT-ALIGN: left">Other credit and loss carryforwards</td> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">3,214,300</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">2,262,000</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left; TEXT-INDENT: 10pt">Total deferred tax assets</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10,823,000</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8,814,800</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt; TEXT-ALIGN: left">Valuation allowance</td> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">(8,893,300</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">)</td> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">(6,889,900</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">)</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left; TEXT-INDENT: 10pt">Total deferred tax assets after valuation allowance</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,929,700</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,924,900</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">Property and equipment</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">(215,600</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">)</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">(204,000</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">)</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">Other</td> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">(74,300</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">)</td> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">(120,800</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">)</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left; TEXT-INDENT: 10pt">Total deferred tax liabilities</td> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">(289,900</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">)</td> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">(324,800</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">)</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 2.25pt; TEXT-ALIGN: left">Net deferred tax assets</td> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 2.25pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left">$</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: right">1,639,800</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 2.25pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left">$</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: right">1,600,100</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left">&nbsp;</td> </tr>  </table> </div> <div style=" FONT-SIZE: 10pt; TEXT-ALIGN: justify; MARGIN: 0pt 0px">&nbsp;</div> <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px">The Company has revised the presentation of net deferred tax assets to comply with the disclosure guidance in ASC 740 to reflect total deferred tax assets and total deferred tax liabilities, rather than current deferred taxes and non-current deferred taxes.</div> <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</div> <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px">In November 2015, the FASB issued ASU 2015-17 which simplifies the presentation of deferred income taxes and requires that deferred tax liabilities and assets be classified as noncurrent in a classified statement of financial position. For public business entities, the amendments in ASU 2015-17 are effective for annual periods beginning after December 15, 2016. The Company has elected to early adopt ASU 2015-17 prospectively as of August 31, 2016. Prior periods were not retroactively adjusted.</div> <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</div> <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px">At August 31, 2016, the Company had foreign tax credit carryforwards of approximately $5,679,000, of which approximately $350,600 will expire if not utilized by August 31, 2017. In addition, the Company had federal and state tax credit carryforwards of $2,643,300 at August 31, 2016 which begin to expire in fiscal 2019.&nbsp; These federal and state tax credit carryforwards consist primarily of federal and Minnesota research and development credit carryforwards. The Company also has foreign net operating loss carryforwards of $571,000 at August 31, 2016 which begin to expire in fiscal 2020.</div> <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</div> <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px">As of August 31, 2016, the Company recorded a valuation allowance of $5,679,000 with respect to the foreign tax credit carryforwards.&nbsp; In addition, the Company has recorded a valuation allowance of $2,643,300 with respect to federal and state tax credit carryforwards, and had recorded a valuation allowance of $571,000 with respect to the foreign net operating loss carryforwards.</div> <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</div> <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px">As of August 31, 2015, the Company had recorded a valuation allowance of $4,654,800 with respect to the foreign tax credit carryforwards.&nbsp; In addition, the Company had recorded a valuation allowance of $2,335,200 with respect to federal and state tax credit carryforwards.</div> <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</div> <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px">The Company records a tax valuation allowance to reduce deferred tax assets to the amount expected to be realized when it is more likely than not that some portion or all of its deferred tax assets will not be realized.&nbsp; The Company determined based on all available evidence, including historical data and projections of future results, that it is more likely than not that all of its deferred tax assets, except for its foreign tax credit carryforward, federal and Minnesota research and development credit carryforwards, and capital loss carryforwards will be fully realized.&nbsp; The Company determined that its deferred tax asset related to foreign tax credit carryforwards will not be realized due to insufficient federal taxable income within the carryforward period and the fact that for ordering purposes the foreign tax credit carryforwards are not allowed to be used until after any current year foreign tax credits are utilized.&nbsp; In addition, based on historical data and future projections, the Company determined that it is more likely than not that its deferred tax asset related to federal and Minnesota research and development credit carryforwards will not be realized due to insufficient federal and Minnesota taxable income within the carryforward period after considering the foreign tax credit usage.</div> <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</div>    <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px">The following is a tabular reconciliation of the total amounts of unrecognized tax benefits:</div> <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</div> <div> <table style="TEXT-INDENT: 0;WIDTH: 100%; BORDER-COLLAPSE: collapse; width: 700px;" cellspacing="0" cellpadding="0">  <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify">&nbsp;</td> <td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="7">Fiscal Year Ended August 31,</td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify">&nbsp;</td> <td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3">2016</td> <td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3">2015</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"> <td style="FONT-SIZE: 10pt; WIDTH: 74%; PADDING-BOTTOM: 1pt; TEXT-ALIGN: left">Gross unrecognized tax benefits &#x2013; beginning balance</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%">&nbsp;</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">$</td> <td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right">203,000</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%">&nbsp;</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">$</td> <td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right">180,000</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt; TEXT-ALIGN: left">Gross increases - prior period tax positions</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">15,000</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">15,000</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt; TEXT-ALIGN: left">Gross increases &#x2013; current period tax positions</td> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">20,000</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">8,000</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt; TEXT-ALIGN: left">Gross unrecognized tax benefits &#x2013; ending balance</td> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 2.25pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left">$</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: right">238,000</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 2.25pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left">$</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: right">203,000</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left">&nbsp;</td> </tr>  </table> </div> <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</div> <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px">The entire amount of unrecognized tax benefits would affect the effective tax rate.&nbsp; It is not expected that the amount of unrecognized tax benefits will change significantly in the next 12 months.</div> <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</div> <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px">The Company recognizes interest and penalties related to unrecognized tax benefits as a component of the Company&#x2019;s income tax provision. Accrued interest and penalties are included within the related tax liability line in the consolidated balance sheet. There was no liability for the payment of interest and penalties at both August 31, 2016 and August 31, 2015.</div> <div style=" FONT-SIZE: 10pt; TEXT-ALIGN: justify; MARGIN: 0pt 0px">&nbsp;</div> <div style=" FONT-SIZE: 10pt; TEXT-ALIGN: justify; MARGIN: 0pt 0px">The Company is subject to taxation in the United States and various states and foreign jurisdictions. With few exceptions, as of August 31, 2016, the Company is no longer subject to federal, state, local, or foreign examinations by tax authorities for years prior to August 31, 2013.</div></div><span></span>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.</p></div>
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<span style="display: none;">v3.5.0.2</span><table class="report" border="0" cellspacing="2" id="idp6916825360">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Note 16 - Commitments and Contingencies<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th"><div>Aug. 31, 2016</div></th></tr>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DisclosureTextBlockAbstract', window );"><strong>Notes to Financial Statements</strong></a></td>
<td class="text">&#160;<span></span>
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<td class="text"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"><div style="display: inline; font-weight: bold;">16. COMMITMENTS AND CONTINGENCIES </div></div> <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</div> <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px">On August 26, 2016, the Compensation Committee of the Board of Directors of the Company approved the material terms of an annual bonus plan for the Company&#x2019;s executive officers as well as certain officers and employees for the fiscal year ending August 31, 2017. For fiscal 2017 as in past years, the total amount available under the bonus plan for all plan participants, including executive officers, is dependent upon the Company&#x2019;s earnings before interest, taxes and other income, as adjusted to take into account amounts to be paid under the bonus plan and certain other adjustments (Adjusted EBITOI). Each plan participant&#x2019;s percentage of the overall bonus pool is based upon the number of plan participants, the individual&#x2019;s annual base salary and the individual&#x2019;s position and level of responsibility within the company. In the case of each of the Company&#x2019;s executive officer participants, 75% of the amount of their individual bonus payout will be determined based upon the Company&#x2019;s actual EBITOI for fiscal 2017 compared to a pre-established target EBITOI for fiscal 2017 and 25% of the payout will be determined based upon such executive officer&#x2019;s achievement of certain pre-established individual performance objectives. The payment of bonuses under the plan are discretionary and may be paid to executive officer participants in both cash and shares of NTIC common stock, the exact amount and percentages will be determined by the Company&#x2019;s Board of Directors, upon recommendation of the Compensation Committee, after the completion of the Company&#x2019;s consolidated financial statements for fiscal 2017.</div> <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</div>    <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px">On August 18, 2015, the Compensation Committee of the Board of Directors of the Company approved the material terms of an annual bonus plan for the Company&#x2019;s executive officers as well as certain officers and employees for the fiscal year ending August 31, 2016. For fiscal 2016 as in past years, the total amount available under the bonus plan for all plan participants, including executive officers, is dependent upon the Company&#x2019;s earnings before interest, taxes and other income, as adjusted to take into account amounts to be paid under the bonus plan and certain other adjustments (Adjusted EBITOI). Each plan participant&#x2019;s percentage of the overall bonus pool is based upon the number of plan participants, the individual&#x2019;s annual base salary and the individual&#x2019;s position and level of responsibility within the company. In the case of each of the Company&#x2019;s executive officer participants, 75% of the amount of their individual bonus payout will be determined based upon the Company&#x2019;s actual EBITOI for fiscal 2016 compared to a pre-established target EBITOI for fiscal 2016 and 25% of the payout will be determined based upon such executive officer&#x2019;s achievement of certain pre-established individual performance objectives. The payment of bonuses under the plan are discretionary and may be paid to executive officer participants in both cash and shares of NTIC common stock, the exact amount and percentages will be determined by the Company&#x2019;s Board of Directors, upon recommendation of the Compensation Committee, after the completion of the Company&#x2019;s consolidated financial statements for fiscal 2016.</div> <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</div> <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px">Accrued bonuses as of August 31, 2016 and 2015 were $450,000 and $620,000, respectively.</div> <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</div> <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px">Three joint ventures (consisting of the Company&#x2019;s joint ventures in Korea, India and Thailand) accounted for 55.8% of the Company&#x2019;s trade joint venture receivables at August 31, 2016. Four joint ventures (consisting of the Company&#x2019;s joint ventures in Korea, India, Thailand and Tianjin Zerust) accounted for 67.0% of the Company&#x2019;s trade joint venture receivables at August 31, 2015.</div> <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</div>  <div style=" font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">On March 23, 2015, the Company and NTI Asean filed a lawsuit in Tianjin No 1 Intermediate People&#x2019;s Court against two individuals, Mr. Tao Meng and his wife, Ms. Hui Xu, related to breaches of duties and contractual commitments owed to NTI Asean under certain agreements related to the Company&#x2019;s former joint venture in China, Tianjin Zerust Anti-Corrosion Technologies Ltd. The lawsuit alleges, among other things, that Mr. Tao Meng and Ms. Hui Xu have engaged in self-dealing, usurped business opportunities, and received economic benefits that were required to go to Tianjin Zerust. As of August 31, 2016, the Company is not able to reasonably estimate the amount of any recovery to NTI Asean, if any.</div> <div style=" font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</div> <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px">On April 21, 2015, the Company and NTI Asean initiated a lawsuit in the District Court for the Second Judicial District, County of Ramsey, State of Minnesota against Cortec Corporation alleging, among other things, that Cortec Corporation aided and abetted breaches of duties and contractual commitments owed to the Company and NTI Asean related to the Company&#x2019;s joint venture in China, Tianjin Zerust. The case has been set for a mandatory settlement conference with the court on May 30, 2017 and the case will be set for the trial block beginning July 31, 2017 and ending August 18, 2017.&nbsp;</div> <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</div> <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px">From time to time, the Company is subject to various other claims and legal actions in the ordinary course of its business. The Company records a liability in its consolidated financial statements for costs related to claims, including future legal costs, settlements and judgments, where the Company has assessed that a loss is probable and an amount could be reasonably estimated. If the reasonable estimate of a probable loss is a range, the Company records the most probable estimate of the loss or the minimum amount when no amount within the range is a better estimate than any other amount. The Company discloses a contingent liability even if the liability is not probable or the amount is not estimable, or both, if there is a reasonable possibility that material loss may be have been incurred. In the opinion of management, as of August 31, 2016, the amount of liability, if any, with respect to these matters, individually or in the aggregate, will not materially affect the Company&#x2019;s consolidated results of operations, financial position or cash flows.</div> <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</div>      <div style=" font-size: 10pt; margin: 0pt 0">The Company has leases for office and warehouse space in the United States of America, China, India, Germany and Brazil with monthly rents ranging from $1,090 to $11,539, which expire through August 31, 2023. Future minimum rents due under these leases are as follows for each of the next five years ended August 31:</div>  <div style=" font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</div>  <div> <table cellpadding="0" cellspacing="0" style="border-collapse: collapse; font: 10pt Times New Roman, Times, Serif; width: 700px;">  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 85%">FY 2017</td> <td style="width: 1%">&nbsp;</td> <td style="width: 1%; text-align: left">&nbsp;</td> <td style="width: 12%; text-align: right">191,631</td> <td style="width: 1%; text-align: left">&nbsp;</td> </tr> <tr style="vertical-align: bottom; background-color: White"> <td>FY 2018</td> <td>&nbsp;</td> <td style="text-align: left">&nbsp;</td> <td style="text-align: right">176,040</td> <td style="text-align: left">&nbsp;</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>FY 2019</td> <td>&nbsp;</td> <td style="text-align: left">&nbsp;</td> <td style="text-align: right">60,652</td> <td style="text-align: left">&nbsp;</td> </tr> <tr style="vertical-align: bottom; background-color: White"> <td>FY 2020</td> <td>&nbsp;</td> <td style="text-align: left">&nbsp;</td> <td style="text-align: right">40,579</td> <td style="text-align: left">&nbsp;</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>FY 2021</td> <td>&nbsp;</td> <td style="text-align: left">&nbsp;</td> <td style="text-align: right">40,579</td> <td style="text-align: left">&nbsp;</td> </tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt">Thereafter</td> <td style="padding-bottom: 1pt">&nbsp;</td> <td style="border-bottom: Black 1pt solid; text-align: left">&nbsp;</td> <td style="border-bottom: Black 1pt solid; text-align: right">88,463</td> <td style="border-bottom: Black 1pt solid; text-align: left">&nbsp;</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 2.25pt">&nbsp;</td> <td style="padding-bottom: 2.25pt">&nbsp;</td> <td style="border-bottom: Black 2.25pt double; text-align: left">$</td> <td style="border-bottom: Black 2.25pt double; text-align: right">597,944</td> <td style="border-bottom: Black 2.25pt double; text-align: left">&nbsp;</td> </tr>  </table> </div></div><span></span>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for commitments and contingencies.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 825<br> -SubTopic 20<br> -Section 50<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=6449706&amp;loc=d3e16207-108621<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 460<br> -SubTopic 10<br> -Section 50<br> -Paragraph 8<br> -URI http://asc.fasb.org/extlink&amp;oid=68068213&amp;loc=d3e12565-110249<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 450<br> -SubTopic 20<br> -Section 50<br> -Paragraph 4<br> -URI http://asc.fasb.org/extlink&amp;oid=25496072&amp;loc=d3e14435-108349<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.25)<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 440<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=73718637&amp;loc=d3e25287-109308<br></p></div>
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<span style="display: none;">v3.5.0.2</span><table class="report" border="0" cellspacing="2" id="idp6749056016">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Note 17 - Statements of Cash Flows<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
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<tr><th class="th"><div>Aug. 31, 2016</div></th></tr>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DisclosureTextBlockAbstract', window );"><strong>Notes to Financial Statements</strong></a></td>
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<td class="text"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"><div style="display: inline; font-weight: bold;">17. STATEMENTS OF CASH FLOWS</div></div> <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</div> <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px">Supplemental disclosures of cash flow information consist of:</div> <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</div> <div> <table style="TEXT-INDENT: 0;WIDTH: 100%; BORDER-COLLAPSE: collapse; width: 700px;" cellspacing="0" cellpadding="0">  <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; TEXT-ALIGN: justify">&nbsp;</td> <td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="7">Fiscal Year Ended <br />August 31,</td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; TEXT-ALIGN: justify">&nbsp;</td> <td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3">2016</td> <td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3">2015</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"> <td style="FONT-SIZE: 10pt; WIDTH: 74%; TEXT-ALIGN: left">Cash paid during the year for income tax</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%">&nbsp;</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">$</td> <td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right">610,000</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%">&nbsp;</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">$</td> <td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right">542,000</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">Cash paid during the year for interest</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">13,261</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">20,960</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> </tr>  </table> </div></div><span></span>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for supplemental cash flow activities, including cash, noncash, and part noncash transactions, for the period. Noncash is defined as information about all investing and financing activities of an enterprise during a period that affect recognized assets or liabilities but that do not result in cash receipts or cash payments in the period. "Part noncash" refers to that portion of the transaction not resulting in cash receipts or cash payments in the period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 50<br> -Paragraph 4<br> -URI http://asc.fasb.org/extlink&amp;oid=6367179&amp;loc=d3e4313-108586<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 50<br> -Paragraph 3<br> -URI http://asc.fasb.org/extlink&amp;oid=6367179&amp;loc=d3e4304-108586<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 50<br> -Paragraph 5<br> -URI http://asc.fasb.org/extlink&amp;oid=6367179&amp;loc=d3e4332-108586<br></p></div>
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<span style="display: none;">v3.5.0.2</span><table class="report" border="0" cellspacing="2" id="idp6894969232">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Note 18 - Fair Value Measurements<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
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<tr><th class="th"><div>Aug. 31, 2016</div></th></tr>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DisclosureTextBlockAbstract', window );"><strong>Notes to Financial Statements</strong></a></td>
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<td class="text"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"><div style="display: inline; font-weight: bold;">18. <div style="display: inline; TEXT-TRANSFORM: uppercase">Fair Value Measurements</div></div></div> <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</div> <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px">The Company follows the authoritative guidance on fair value measurements and disclosures with respect to assets and liabilities that are measured at fair value on both a recurring and non-recurring basis. Under this guidance, fair value is defined as the exit price, or the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants as of the measurement date. The authoritative guidance also establishes a hierarchy for inputs used in measuring fair value that maximizes the use of observable inputs and minimizes the use of unobservable inputs by requiring that the most observable inputs be used when available. Observable inputs are inputs market participants would use in valuing the asset or liability, developed based on market data obtained from sources independent of the Company. Unobservable inputs are inputs that reflect the Company&#x2019;s assumptions about the factors market participants would use in valuing the asset or liability developed based upon the best information available in the circumstances. The categorization of financial assets and financial liabilities within the valuation hierarchy is based upon the lowest level of input that is significant to the fair value measurement. The hierarchy is broken down into three levels defined as follows:</div> <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</div> <table style="TEXT-INDENT: 0;MARGIN-BOTTOM: 6pt; FONT-SIZE: 10pt; WIDTH: 100%; MARGIN-TOP: 0pt; width: 700px;" cellspacing="0" cellpadding="0">  <tr style="VERTICAL-ALIGN: top; TEXT-ALIGN: justify"> <td style="WIDTH: 55pt; TEXT-ALIGN: center">Level 1 -</td> <td style="WIDTH: 5pt">&nbsp;</td> <td style="TEXT-ALIGN: justify">Inputs are quoted prices in active markets for identical assets or liabilities.</td> </tr>  </table> <table style="TEXT-INDENT: 0;MARGIN-BOTTOM: 6pt; FONT-SIZE: 10pt; WIDTH: 100%; MARGIN-TOP: 0pt; width: 700px;" cellspacing="0" cellpadding="0">  <tr style="VERTICAL-ALIGN: top; TEXT-ALIGN: justify"> <td style="WIDTH: 55pt; TEXT-ALIGN: center">Level 2 -</td> <td style="WIDTH: 5pt">&nbsp;</td> <td style="TEXT-ALIGN: justify">Inputs include quoted prices for similar assets or liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not active, and inputs (other than quoted prices) that are observable for the asset or liability, either directly or indirectly.</td> </tr>  </table> <table style="TEXT-INDENT: 0;MARGIN-BOTTOM: 6pt; FONT-SIZE: 10pt; WIDTH: 100%; MARGIN-TOP: 0pt; width: 700px;" cellspacing="0" cellpadding="0">  <tr style="VERTICAL-ALIGN: top; TEXT-ALIGN: justify"> <td style="WIDTH: 55pt; TEXT-ALIGN: center">Level 3 -</td> <td style="WIDTH: 5pt">&nbsp;</td> <td style="TEXT-ALIGN: justify">Inputs are unobservable for the asset or liability.</td> </tr>  </table> <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px 0pt 0.25in">&nbsp;</div> <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px">See the section below titled Valuation Techniques for further discussion of how the Company determines fair value for investments.</div> <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</div>    <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"><div style="display: inline; font-weight: bold;">Assets and Liabilities That Are Measured at Fair Value on a Recurring Basis</div></div> <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</div> <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px">Assets and liabilities that are measured at fair value on a recurring basis primarily relate to marketable equity securities. These items are marked-to-market at each reporting period.</div> <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</div> <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px">The following tables provide information by level for assets and liabilities that are measured at fair value on a recurring basis:</div> <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</div> <div> <table style="TEXT-INDENT: 0;WIDTH: 100%; BORDER-COLLAPSE: collapse; width: 700px;" cellspacing="0" cellpadding="0">  <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: center" colspan="3">&nbsp;</td> <td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="11">Fair Value Measurements <br />Using Inputs Considered as</td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3">Fair value as of <br />August 31, 2016</td> <td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3">Level 1</td> <td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3">Level 2</td> <td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3">Level 3</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"> <td style="FONT-SIZE: 10pt; WIDTH: 48%; TEXT-ALIGN: left">Available for sale securities</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%">&nbsp;</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">$</td> <td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right">2,243,864</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%">&nbsp;</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">$</td> <td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right">2,243,864</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%">&nbsp;</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">$</td> <td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right">&#x2014;</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%">&nbsp;</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">$</td> <td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right">&#x2014;</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">&nbsp;</td> </tr>  </table> </div> <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</div> <div> <table style="TEXT-INDENT: 0;WIDTH: 100%; BORDER-COLLAPSE: collapse; width: 700px;" cellspacing="0" cellpadding="0">  <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: center" colspan="3">&nbsp;</td> <td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="11">Fair Value Measurements <br />Using Inputs Considered as</td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3">Fair value as of <br />August 31, 2015</td> <td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3">Level 1</td> <td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3">Level 2</td> <td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3">Level 3</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"> <td style="FONT-SIZE: 10pt; WIDTH: 48%; TEXT-ALIGN: left">Available for sale securities</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%">&nbsp;</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">$</td> <td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right">2,027,441</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%">&nbsp;</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">$</td> <td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right">2,027,441</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%">&nbsp;</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">$</td> <td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right">&#x2014;</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%">&nbsp;</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">$</td> <td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right">&#x2014;</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">&nbsp;</td> </tr>  </table> </div> <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"><div style="display: inline; font-style: italic;">&nbsp;</div></div> <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"><div style="display: inline; font-style: italic;">Valuation Techniques</div></div> <div style=" FONT-SIZE: 10pt; TEXT-ALIGN: justify; MARGIN: 0pt 0px">&nbsp;</div> <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px">Financial assets that are classified as Level 1 securities include cash equivalents and available for sale securities. These are valued using quoted market prices in an active market.</div> <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</div> <div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px">The Company reviews the fair value hierarchy classification on a quarterly basis. Changes in the ability to observe valuation inputs may result in a reclassification of levels for certain securities within the fair value hierarchy. The Company&#x2019;s policy is to recognize transfers into and out of levels within the fair value hierarchy at the end of the fiscal quarter in which the actual event or change in circumstances that caused the transfer occurs. There were no transfers between Level 1, Level 2, or Level 3 during the fiscal years ended August 31, 2016 or August 31, 2015. When a determination is made to classify an asset or liability within Level 3, the determination is based upon the significance of the unobservable inputs to the overall fair value measurement.</div></div><span></span>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure of the fair value measurement of assets and liabilities, which includes financial instruments measured at fair value that are classified in shareholders' equity, which may be measured on a recurring or nonrecurring basis.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 820<br> -SubTopic 10<br> -Section 50<br> -Paragraph 3<br> -URI http://asc.fasb.org/extlink&amp;oid=66048111&amp;loc=d3e19279-110258<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 820<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=66048111&amp;loc=d3e19207-110258<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 820<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=66048111&amp;loc=d3e19190-110258<br></p></div>
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<span style="display: none;">v3.5.0.2</span><table class="report" border="0" cellspacing="2" id="idp6758719536">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Significant Accounting Policies (Policies)<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
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<td class="text"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"><div style="display: inline; font-style: italic;">Principles of Consolidation</div> - NTIC evaluates its voting and variable interests in entities on a qualitative and quantitative basis. NTIC consolidates entities in which it concludes it has the power to direct the activities that most significantly impact an entity&#x2019;s economic success and has the obligation to absorb losses or the right to receive benefits that could be significant to the entity. The consolidated financial statements include the accounts of Northern Technologies International Corporation, its wholly-owned subsidiaries, Northern Technologies Holding Company, LLC, NTIC (Shanghai) Co., Ltd. (NTIC China), Natur-Tec India Private Limited (Natur-Tec India), and ZERUST-EXCOR MEXICO, S. de R.L. de C.V (Zerust Mexico), NTIC&#x2019;s majority-owned subsidiary in Brazil, Zerust Preven&ccedil;&atilde;o de Corros&atilde;o S.A. (Zerust Brazil) and NTIC&#x2019;s majority-owned holding company, NTI Asean LLC (NTI Asean). NTIC&#x2019;s consolidated financial statements do not include the accounts of any of its joint ventures.</div></div></div></div></div></div></div></div><span></span>
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<td class="text"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"><div style="display: inline; font-style: italic;">Non-Controlling Interests</div> &#x2013; The Company owns 85% of Zerust Brazil, 60% of NTI Asean, and 90% of Natur-Tec India.&nbsp; The remaining ownership is accounted for as non-controlling interests and reported as part of equity in the consolidated financial statements. The Company allocates gains and losses to the non-controlling interest even when such allocation might result in a deficit balance, reducing the losses attributed to the controlling interest, changes in ownership interests are treated as equity transactions if the Company maintains control.</div></div></div></div></div></div></div></div><span></span>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RevenueRecognitionDeferredRevenue', window );">Revenue Recognition, Deferred Revenue [Policy Text Block]</a></td>
<td class="text"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"><div style="display: inline; font-style: italic;">Net Sales </div>&#x2013;The Company includes net sales to its joint ventures and net sales to unaffiliated customers as separate line items on its consolidated statements of operations. There are no sales originating from the Company&#x2019;s joint ventures included in the amount, as the Company&#x2019;s investments in its joint ventures are accounted for using the equity method.</div><div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</div><div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"><div style="display: inline; font-style: italic;">Revenue Recognition</div> &#x2013; The Company recognizes revenue from the sale of its products when persuasive evidence of an arrangement exists, the product has been delivered, the price is fixed and determinable and collection of the resulting receivable is reasonably assured. These criteria are met when risk of loss and title pass to the customer, distributor or joint venture entity. Sales and use taxes charged to customers are reported on a net basis.</div></div></div></div></div></div></div></div><span></span>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ReceivablesPolicyTextBlock', window );">Receivables, Policy [Policy Text Block]</a></td>
<td class="text"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"><div style="display: inline; font-style: italic;">Trade Receivable</div> &#x2013; Payment terms for the Company&#x2019;s unaffiliated customers are determined based on credit risk and vary by customer. The Company typically offers standard payment terms to unaffiliated customers of net 30 days. The Company does not accrue interest on past due accounts receivable. The Company reviews the credit histories of its customers before extending unsecured credit. The Company presents accounts and notes receivable, net of an allowance for doubtful accounts. Each quarter, the Company prepares an analysis of its ability to collect outstanding receivables that provides a basis for an allowance estimate for doubtful accounts. In doing so, the Company evaluates the age of its receivables, past collection history, current financial conditions of key customers and its joint ventures, and economic conditions. Based on this evaluation, the Company establishes a reserve for specific accounts and notes receivable that it believes are uncollectible, as well as an estimate of uncollectible receivables not specifically known. The Company believes that an analysis of historical trends and its current knowledge of potential collection problems provide the Company with sufficient information to establish a reasonable estimate for an allowance for doubtful accounts. In the event the Company determines that a smaller or larger uncollectible accounts reserve is appropriate, the Company records a credit or charge to selling expense in the period that it made such determination. Accounts receivable have been reduced by an allowance for uncollectible accounts of $40,000 at August 31, 2016 and 2015. Accounts are considered past due based on terms agreed upon between the Company and the customer. Accounts receivable are written-off only after all collection attempts have failed and are based on individual credit evaluation and specific circumstances of the customer.</div></div></div></div></div></div></div></div><span></span>
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<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ntic_ReceivablesFromJointVenturesPolicyPolicyTextBlock', window );">Receivables from Joint Ventures Policy [Policy Text Block ]</a></td>
<td class="text"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"><div style="display: inline; font-style: italic;">Trade Receivables from Joint Ventures </div>&#x2013; Trade receivables from joint ventures arise from sales of products the Company makes to its joint ventures. Payment terms for the Company&#x2019;s joint ventures also are determined based on credit risk; however, additional consideration also is given to the individual joint venture due to the transportation time associated with ocean delivery of most products and certain other factors. Generally, accounts receivable from the Company&#x2019;s joint ventures unpaid after 90 days are considered past due. The Company does not accrue interest on past due balances. The Company periodically reviews amounts due from its joint ventures for collectability, and based on past experience and continuous review of the balances due, determined an allowance for doubtful accounts related to its joint venture receivables is not necessary at August 31, 2016 or 2015.</div><div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</div><div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"><div style="display: inline; font-style: italic;">Fees for Services Provided to Joint Ventures &#x2013; </div>The Company provides services to its joint ventures including consulting, legal, travel, insurance, technical and marketing services. The Company receives fees for the services it provides to its joint ventures. The fees for services received by the Company from its joint ventures are generally based on either a flat fee or a percentage of net sales by the Company&#x2019;s joint ventures depending on local laws and tax regulations. The Company recognizes revenues related to fees for services provided to its joint ventures when earned, amounts are determinable and collectability is reasonably assured. Under the Company&#x2019;s agreements with its joint ventures, amounts are earned when product is shipped from joint venture facilities. The Company reviews the financial situation of each of its joint ventures to assist in the likelihood of collections on amounts earned. The Company accounts for these fees on a cash basis if uncertainty exists surrounding the collection of such fees.</div></div></div></div></div></div></div></div><span></span>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CashAndCashEquivalentsPolicyTextBlock', window );">Cash and Cash Equivalents, Policy [Policy Text Block]</a></td>
<td class="text"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"><div style="display: inline; font-style: italic;">Cash and Cash Equivalents</div> - The Company includes as cash and cash equivalents highly liquid, short-term investments with maturity of three months or less when purchased, which are readily convertible into known amounts of cash. The Company maintains its cash in high quality financial institutions. The balances, at times, may exceed federally insured limits.</div></div></div></div></div></div></div></div><span></span>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MarketableSecuritiesAvailableForSaleSecuritiesPolicy', window );">Marketable Securities, Available-for-sale Securities, Policy [Policy Text Block]</a></td>
<td class="text"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"><div style="display: inline; font-style: italic;">Available for Sale Securities</div> &#x2013; Available for sale securities are recorded at fair value. Unrealized holding gains and losses on available for sale securities are excluded from earnings.</div></div></div></div></div></div></div></div><span></span>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InventoryPolicyTextBlock', window );">Inventory, Policy [Policy Text Block]</a></td>
<td class="text"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"><div style="display: inline; font-style: italic;">Inventories</div> - Inventories are recorded at the lower of cost (first-in, first-out basis) or market.</div></div></div></div></div></div></div></div><span></span>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PropertyPlantAndEquipmentPolicyTextBlock', window );">Property, Plant and Equipment, Policy [Policy Text Block]</a></td>
<td class="text"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"><div style="display: inline; font-style: italic;">Property and Depreciation</div> - Property and equipment are stated at cost. Depreciation is computed using the straight-line method based on the estimated service lives of the various assets as follows:</div><div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</div><div> <table style="TEXT-INDENT: 0;WIDTH: 100%; BORDER-COLLAPSE: collapse; width: 700px;" cellspacing="0" cellpadding="0"> <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT-SIZE: 10pt; WIDTH: 50%; TEXT-ALIGN: left; PADDING-LEFT: 1.7in" nowrap="nowrap">Buildings and improvements (years)</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%">&nbsp;</td> <td style="FONT-SIZE: 10pt; WIDTH: 4%; TEXT-ALIGN: center">5</td> <td style="FONT-SIZE: 10pt; WIDTH: 4%; TEXT-ALIGN: center">-</td> <td style="FONT-SIZE: 10pt; WIDTH: 4%; TEXT-ALIGN: center">30</td> <td style="FONT-SIZE: 10pt; WIDTH: 37%; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left; PADDING-LEFT: 1.7in">Machinery and equipment (years)</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: center">3</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: center">-</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: center">10</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> </tr> </table> </div></div></div></div></div></div></div></div><span></span>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IntangibleAssetsFiniteLivedPolicy', window );">Intangible Assets, Finite-Lived, Policy [Policy Text Block]</a></td>
<td class="text"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"><div style="display: inline; font-style: italic;">Patents</div> &#x2013; Patents, including acquisition costs, are stated at cost, less accumulated amortization. Amortization is computed using the straight-line method over the estimated useful lives of the respective assets. Upon retirement, the cost of assets disposed and the related accumulated amortization are removed from the accounts and any resulting gain or loss is credited or charged to operations.</div></div></div></div></div></div></div></div><span></span>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EquityMethodInvestmentsPolicy', window );">Equity Method Investments, Policy [Policy Text Block]</a></td>
<td class="text"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"><div style="display: inline; font-style: italic;">Investments in Joint Ventures</div> - Investments in the Company&#x2019;s joint ventures are accounted for using the equity method. Under the equity method, investments are initially recorded at cost and are adjusted for dividends, distributed and undistributed earnings and losses, changes in foreign currency exchange rates and additional investments. In the event the Company&#x2019;s share of joint venture&#x2019;s cumulative losses exceeds the Company&#x2019;s investment balance, the balance is reported at zero value until proportionate income exceeds the losses. The Company assesses its joint ventures for impairment on an annual basis as of August 31 of each year as part of its fiscal year end analysis. In addition to the annual review for impairment, the Company reviews the operating results of each joint venture on a quarterly basis in comparison to its historical operating results and its accrual of fees for services provided to joint ventures. If the operating results of a joint venture do not meet financial performance expectations, an additional evaluation is performed on the joint venture. The Company&#x2019;s evaluation of its investments in joint ventures requires the Company to make assumptions about future cash flows of its joint ventures. These assumptions require significant judgment and actual results may differ from assumed or estimated amounts. All investments in joint ventures have positive equity as of August 31, 2016 and 2015.</div><div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</div><div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"><div style="display: inline; font-style: italic;">Investment at Carrying Value</div> &#x2013; If the Company is no longer able to exercise significant influence over operating and financial policy of a joint venture previously accounted for under the equity method, it maintains the investment at the carrying value as of the date that significant influence no longer exists and discontinues accruing the proportionate earnings or losses of the investment.</div><div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</div><div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px">Investments are considered to be impaired when a decline in fair value is judged to be other-than-temporary. Fair value is calculated based on publicly available market information or other estimates determined by management. The Company employs a systematic methodology on a quarterly basis that considers available quantitative and qualitative evidence in evaluating potential impairment of our investments. If the cost of an investment exceeds its fair value, the Company evaluates, among other factors, general market conditions, credit quality of debt instrument issuers, the duration and extent to which the fair value is less than cost, and for equity securities, the Company&#x2019;s intent and ability to hold, or plans to sell, the investment. The Company also considers specific adverse conditions related to the financial health of and business outlook for the investee, including industry and sector performance, changes in technology, and operational and financing cash flow factors. Once a decline in fair value is determined to be other-than-temporary, an impairment charge is recorded to other income (expense) and a new cost basis in the investment is established.</div></div></div></div></div></div></div></div><span></span>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ImpairmentOrDisposalOfLongLivedAssetsPolicyTextBlock', window );">Impairment or Disposal of Long-Lived Assets, Policy [Policy Text Block]</a></td>
<td class="text"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"><div style="display: inline; font-style: italic;">Recoverability of Long-Lived Assets</div> - The Company reviews its long-lived assets whenever events or changes in circumstances indicate the carrying amount of the assets may not be recoverable. The Company determines potential impairment by comparing the carrying value of the assets with expected net cash flows expected to be provided by operating activities of the business or related products. If the sum of the expected undiscounted future net cash flows is less than the carrying value, the Company evaluates if an impairment loss should be recognized. An impairment loss is measured by comparing the amount by which the carrying value exceeds the fair value of the asset.</div></div></div></div></div></div></div></div><span></span>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeTaxPolicyTextBlock', window );">Income Tax, Policy [Policy Text Block]</a></td>
<td class="text"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"><div style="display: inline; font-style: italic;">Income Taxes</div> - The Company utilizes the liability method of accounting for income taxes which requires an asset and liability approach to financial accounting and reporting for income taxes. Deferred income tax assets and liabilities are determined based on the differences between the financial statement and tax basis of assets and liabilities using enacted tax rates in effect for the year in which the differences are expected to reverse. The effect of a change in tax rates on deferred tax assets and liabilities is recognized in income in the period that includes the enactment date.</div><div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</div><div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px">The Company records net deferred tax assets to the extent the Company believes these assets will more likely than not be realized. In making such a determination, the Company considers all available positive and negative evidence, including future reversals of existing taxable temporary differences, projected future taxable income, tax-planning strategies, and results of recent operations. In the event the Company determines that it would be able to realize its deferred income tax assets in the future in excess of their net recorded amount, the Company would make an adjustment to the deferred tax asset valuation allowance, which would reduce the provision for income taxes.</div><div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</div><div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px">The Company records uncertain tax positions on the basis of a two-step process whereby the Company determines whether it is more likely than not that the tax positions will be sustained based on the technical merits of the position and those tax positions that meet the more-likely-than-not recognition threshold. The Company recognizes the largest amount of tax benefit that is greater than 50 percent likely to be realized upon ultimate settlement with the related tax authority.</div></div></div></div></div></div></div></div><span></span>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ForeignCurrencyTransactionsAndTranslationsPolicyTextBlock', window );">Foreign Currency Transactions and Translations Policy [Policy Text Block]</a></td>
<td class="text"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"><div style="display: inline; font-style: italic;">Foreign Currency Translation (Accumulated Other Comprehensive Income (Loss))</div> - The functional currency of NTIC China, Zerust Brazil, Natur-Tec India, Zerust Mexico and each unconsolidated international joint venture is the applicable local currency. The translation of the applicable foreign currencies into U.S. dollars is performed for balance sheet accounts using exchange rates in effect at the balance sheet date and for revenue and expense accounts using an average monthly exchange rate. Translation gains or losses are reported as an element of other comprehensive income (loss).</div><div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px">&nbsp;</div><div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px">The Company (excluding NTIC China, Zerust Brazil, Natur-Tec India, NTI Asean, Zerust Mexico and its joint ventures) conducts all foreign transactions based on the U.S. dollar. Since investments in joint ventures are accounted for using the equity method, any changes in foreign currency exchange rates are reflected as a foreign currency translation adjustment and does not change the equity in income from joint ventures reflected in the Company&#x2019;s consolidated statements of operations.</div></div></div></div></div></div></div></div><span></span>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueOfFinancialInstrumentsPolicy', window );">Fair Value of Financial Instruments, Policy [Policy Text Block]</a></td>
<td class="text"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"><div style="display: inline; font-style: italic;">Fair Value of Financial Instruments</div> &#x2013; The carrying value of cash and cash equivalents, available for sale securities, short-term accounts and notes receivable, notes payable, trade accounts payables, and other accrued expenses approximate fair value because of the short maturity of those instruments.</div></div></div></div></div></div></div></div><span></span>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShippingAndHandlingCostPolicyTextBlock', window );">Shipping and Handling Cost, Policy [Policy Text Block]</a></td>
<td class="text"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"><div style="display: inline; font-style: italic;">Shipping and Handling</div> - The Company records all amounts billed to customers in a sales transaction related to shipping and handling as sales. The Company records costs related to shipping and handling in cost of goods sold.</div></div></div></div></div></div></div></div><span></span>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ResearchDevelopmentAndComputerSoftwarePolicyTextBlock', window );">Research, Development, and Computer Software, Policy [Policy Text Block]</a></td>
<td class="text"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"><div style="display: inline; font-style: italic;">Research and Development</div> - The Company expenses all costs related to product research and development as incurred. &nbsp; The costs related to product research and development are the net amount after being reduced by reimbursements related to certain research and development contracts. The Company accrues proceeds received under such contracts and offsets research and development expenses incurred in equal installments over the timelines associated with completion of the contracts&#x2019; specific objectives and milestones.</div></div></div></div></div></div></div></div><span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockholdersEquityPolicyTextBlock', window );">Stockholders' Equity, Policy [Policy Text Block]</a></td>
<td class="text"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"><div style="display: inline; font-style: italic;">Common Stock</div> &#x2013; The Company issues authorized but unissued shares of common stock upon the exercise of stock options, as opposed to treasury shares.</div></div></div></div></div></div></div></div><span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationOptionAndIncentivePlansPolicy', window );">Share-based Compensation, Option and Incentive Plans Policy [Policy Text Block]</a></td>
<td class="text"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"><div style="display: inline; font-style: italic;">Stock-Based Compensation</div> &#x2013; The Company recognizes compensation cost relating to share-based payment transactions, including grants of employee stock options and transactions under the Company&#x2019;s employee stock purchase plan, in its consolidated financial statements. That cost is measured based on the fair value of the equity or liability instruments issued. The Company measures the cost of employee services received in exchange for stock options and other stock-based awards based on the grant-date fair value of the award, and recognizes the cost over the period the employee is required to provide services for the award (generally the vesting term).</div></div></div></div></div></div></div></div><span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_UseOfEstimates', window );">Use of Estimates, Policy [Policy Text Block]</a></td>
<td class="text"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style=" FONT-SIZE: 10pt; MARGIN: 0pt 0px"><div style="display: inline; font-style: italic;">Use of Estimates</div> - The preparation of the financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.</div></div></div></div></div></div></div></div><span></span>
</td>
</tr>
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<div style="display: none;">
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Treatment of any premiums or discounts or unearned income, the entity's income recognition policies for such receivables, including those that are impaired, past due or placed on nonaccrual status and the treatment of foreclosures or repossessions, the nature and amount of any guarantees to repurchase receivables.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AccountingPoliciesAbstract</td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CashAndCashEquivalentsPolicyTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Disclosure of accounting policy for cash and cash equivalents, including the policy for determining which items are treated as cash equivalents. Other information that may be disclosed includes (1) the nature of any restrictions on the entity's use of its cash and cash equivalents, (2) whether the entity's cash and cash equivalents are insured or expose the entity to credit risk, (3) the classification of any negative balance accounts (overdrafts), and (4) the carrying basis of cash equivalents (for example, at cost) and whether the carrying amount of cash equivalents approximates fair value.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(1))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 305<br> -SubTopic 10<br> -Section 05<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=6375392&amp;loc=d3e26790-107797<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=6367179&amp;loc=d3e4273-108586<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Glossary Cash<br> -URI http://asc.fasb.org/extlink&amp;oid=6506951<br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 235<br> -SubTopic 10<br> -Section 50<br> -Paragraph 3<br> -URI http://asc.fasb.org/extlink&amp;oid=68058157&amp;loc=d3e18780-107790<br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Glossary Cash Equivalents<br> -URI http://asc.fasb.org/extlink&amp;oid=6507016<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CashAndCashEquivalentsPolicyTextBlock</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Disclosure of accounting policy regarding (1) the principles it follows in consolidating or combining the separate financial statements, including the principles followed in determining the inclusion or exclusion of subsidiaries or other entities in the consolidated or combined financial statements and (2) its treatment of interests (for example, common stock, a partnership interest or other means of exerting influence) in other entities, for example consolidation or use of the equity or cost methods of accounting.  The accounting policy may also address the accounting treatment for intercompany accounts and transactions, noncontrolling interest, and the income statement treatment in consolidation for issuances of stock by a subsidiary.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 235<br> -SubTopic 10<br> -Section 50<br> -Paragraph 3<br> -URI http://asc.fasb.org/extlink&amp;oid=68058157&amp;loc=d3e18780-107790<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=64809438&amp;loc=d3e5614-111684<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section S99<br> -Paragraph 3<br> -Subparagraph (SX 210.3A-03)<br> -URI http://asc.fasb.org/extlink&amp;oid=27015204&amp;loc=d3e355100-122828<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.3A-02)<br> -URI http://asc.fasb.org/extlink&amp;oid=27015204&amp;loc=d3e355033-122828<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ConsolidationPolicyTextBlock</td>
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<td><strong> Period Type:</strong></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ConsolidationSubsidiariesOrOtherInvestmentsConsolidatedEntitiesPolicy">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Disclosure of accounting policy for subsidiaries or other investments that are consolidated, including the accounting treatment for intercompany accounts or transactions and any noncontrolling interest.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 235<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.4-08(a))<br> -URI http://asc.fasb.org/extlink&amp;oid=26873400&amp;loc=d3e23780-122690<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=64809438&amp;loc=d3e5614-111684<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section S99<br> -Paragraph 4<br> -Subparagraph (SX 210.3A-04)<br> -URI http://asc.fasb.org/extlink&amp;oid=27015204&amp;loc=d3e355119-122828<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section S99<br> -Paragraph 3<br> -Subparagraph (SX 210.3A-03)<br> -URI http://asc.fasb.org/extlink&amp;oid=27015204&amp;loc=d3e355100-122828<br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.3A-02)<br> -URI http://asc.fasb.org/extlink&amp;oid=27015204&amp;loc=d3e355033-122828<br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 235<br> -SubTopic 10<br> -Section 50<br> -Paragraph 3<br> -URI http://asc.fasb.org/extlink&amp;oid=68058157&amp;loc=d3e18780-107790<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ConsolidationSubsidiariesOrOtherInvestmentsConsolidatedEntitiesPolicy</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_EquityMethodInvestmentsPolicy">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Disclosure of accounting policy for the equity method of accounting for investments in common stock or other interests including unconsolidated subsidiaries, corporate joint ventures, noncontrolling interests in real estate ventures, limited partnerships, and limited liability companies. The accounting policy may include information such as: (1) initially recording an investment in the stock of an investee at cost; (2) adjusting the carrying amount of the investment to recognize the investor's share of the earnings or losses of the investee after the date of acquisition; and (3) adjustments to reflect the investor's share of changes in the investee's capital (dividends). This disclosure may also include a detailed description of the policy for determining the amount of equity method losses recognized after an investment has been reduced to zero as a result of previous losses, reasons for not using the equity method when the investor company owns 20 percent or more of the voting stock of the investee's company (including identification of the significant investee), reasons for using the equity method when the ownership percentage is less than 20 percent, and discussion of recognition of equity method losses when an investor's total investment in an investee includes, in addition to an investment in common stock, other investments such as preferred stock and loans to the investee. An entity also may describe how such investments are assessed for impairment.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.12)<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 825<br> -SubTopic 10<br> -Section 50<br> -Paragraph 28<br> -Subparagraph (f)<br> -URI http://asc.fasb.org/extlink&amp;oid=6957238&amp;loc=d3e14064-108612<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 323<br> -SubTopic 10<br> -Section 50<br> -Paragraph 3<br> -Subparagraph (a)(2)<br> -URI http://asc.fasb.org/extlink&amp;oid=66011266&amp;loc=d3e33918-111571<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 235<br> -SubTopic 10<br> -Section 50<br> -Paragraph 3<br> -URI http://asc.fasb.org/extlink&amp;oid=68058157&amp;loc=d3e18780-107790<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_EquityMethodInvestmentsPolicy</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FairValueOfFinancialInstrumentsPolicy">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Disclosure of accounting policy for determining the fair value of financial instruments.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 235<br> -SubTopic 10<br> -Section 50<br> -Paragraph 3<br> -URI http://asc.fasb.org/extlink&amp;oid=68058157&amp;loc=d3e18780-107790<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 825<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=73719730&amp;loc=d3e13279-108611<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 820<br> -SubTopic 10<br> -Section 60<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=7493716&amp;loc=d3e21868-110260<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FairValueOfFinancialInstrumentsPolicy</td>
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<tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ForeignCurrencyTransactionsAndTranslationsPolicyTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Disclosure of accounting policy for (1) transactions denominated in a currency other than the reporting enterprise's functional currency, (2) translating foreign currency financial statements that are incorporated into the financial statements of the reporting enterprise by consolidation, combination, or the equity method of accounting, and (3) remeasurement of the financial statements of a foreign reporting enterprise in a hyperinflationary economy.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 235<br> -SubTopic 10<br> -Section 50<br> -Paragraph 3<br> -URI http://asc.fasb.org/extlink&amp;oid=68058157&amp;loc=d3e18780-107790<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 830<br> -SubTopic 30<br> -Section 50<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=6450520&amp;loc=d3e32583-110901<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 830<br> -SubTopic 20<br> -Section 50<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=6450222&amp;loc=d3e30840-110895<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ForeignCurrencyTransactionsAndTranslationsPolicyTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Period Type:</strong></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ImpairmentOrDisposalOfLongLivedAssetsPolicyTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Disclosure of accounting policy for recognizing and measuring the impairment of long-lived assets. An entity also may disclose its accounting policy for long-lived assets to be sold. This policy excludes goodwill and intangible assets.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 360<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SAB Topic 5.CC)<br> -URI http://asc.fasb.org/extlink&amp;oid=27011434&amp;loc=d3e125687-122742<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 235<br> -SubTopic 10<br> -Section 50<br> -Paragraph 3<br> -URI http://asc.fasb.org/extlink&amp;oid=68058157&amp;loc=d3e18780-107790<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 360<br> -SubTopic 10<br> -Section 05<br> -Paragraph 4<br> -URI http://asc.fasb.org/extlink&amp;oid=64802544&amp;loc=d3e202-110218<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ImpairmentOrDisposalOfLongLivedAssetsPolicyTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<tr>
<td><strong> Data Type:</strong></td>
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<td><strong> Period Type:</strong></td>
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</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncomeTaxPolicyTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Disclosure of accounting policy for income taxes, which may include its accounting policies for recognizing and measuring deferred tax assets and liabilities and related valuation allowances, recognizing investment tax credits, operating loss carryforwards, tax credit carryforwards, and other carryforwards, methodologies for determining its effective income tax rate and the characterization of interest and penalties in the financial statements.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 235<br> -SubTopic 10<br> -Section 50<br> -Paragraph 3<br> -URI http://asc.fasb.org/extlink&amp;oid=68058157&amp;loc=d3e18780-107790<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 50<br> -Paragraph 19<br> -URI http://asc.fasb.org/extlink&amp;oid=65882285&amp;loc=d3e32840-109319<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 30<br> -Section 05<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=65884525&amp;loc=d3e40913-109327<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 954<br> -SubTopic 740<br> -Section 50<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=6491622&amp;loc=d3e9504-115650<br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 50<br> -Paragraph 17<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=65882285&amp;loc=d3e32809-109319<br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 45<br> -Paragraph 25<br> -URI http://asc.fasb.org/extlink&amp;oid=75116654&amp;loc=d3e32247-109318<br><br>Reference 7: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 45<br> -Paragraph 28<br> -URI http://asc.fasb.org/extlink&amp;oid=75116654&amp;loc=d3e32280-109318<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncomeTaxPolicyTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<tr>
<td><strong> Data Type:</strong></td>
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<tr>
<td><strong> Balance Type:</strong></td>
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<td><strong> Period Type:</strong></td>
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</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IntangibleAssetsFiniteLivedPolicy">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Disclosure of accounting policy for finite-lived intangible assets. This accounting policy also might address: (1) the amortization method used; (2) the useful lives of such assets; and (3) how the entity assesses and measures impairment of such assets.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 235<br> -SubTopic 10<br> -Section 50<br> -Paragraph 3<br> -URI http://asc.fasb.org/extlink&amp;oid=68058157&amp;loc=d3e18780-107790<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 350<br> -SubTopic 30<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=66006027&amp;loc=d3e16323-109275<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IntangibleAssetsFiniteLivedPolicy</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
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</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_InventoryPolicyTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Disclosure of inventory accounting policy for inventory classes, including, but not limited to, basis for determining inventory amounts, methods by which amounts are added and removed from inventory classes, loss recognition on impairment of inventories, and situations in which inventories are stated above cost.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 330<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=66092785&amp;loc=d3e4492-108314<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.6(b))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 235<br> -SubTopic 10<br> -Section 50<br> -Paragraph 3<br> -URI http://asc.fasb.org/extlink&amp;oid=68058157&amp;loc=d3e18780-107790<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 330<br> -SubTopic 10<br> -Section 50<br> -Paragraph 4<br> -URI http://asc.fasb.org/extlink&amp;oid=66092785&amp;loc=d3e4556-108314<br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=6361739&amp;loc=d3e7789-107766<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_InventoryPolicyTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<tr>
<td><strong> Data Type:</strong></td>
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</tr>
<tr>
<td><strong> Balance Type:</strong></td>
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<tr>
<td><strong> Period Type:</strong></td>
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</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_MarketableSecuritiesAvailableForSaleSecuritiesPolicy">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Disclosure of accounting policy for investments in debt and equity securities that are classified as available-for-sale. This policy also may describe the entity's accounting treatment for transfers between investment categories, how the entity determines whether impairments of available-for-sale securities are other than temporary, and how the fair values of such securities are determined.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 235<br> -SubTopic 10<br> -Section 50<br> -Paragraph 3<br> -URI http://asc.fasb.org/extlink&amp;oid=68058157&amp;loc=d3e18780-107790<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(12))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 320<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SAB Topic 5.M)<br> -URI http://asc.fasb.org/extlink&amp;oid=65877573&amp;loc=d3e87990-122713<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-03(6))<br> -URI http://asc.fasb.org/extlink&amp;oid=6876686&amp;loc=d3e534808-122878<br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 320<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=73527792&amp;loc=d3e27161-111563<br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(2))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br>Reference 7: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-03(a)(1))<br> -URI http://asc.fasb.org/extlink&amp;oid=6879938&amp;loc=d3e572229-122910<br><br>Reference 8: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-03(5))<br> -URI http://asc.fasb.org/extlink&amp;oid=6876686&amp;loc=d3e534808-122878<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_MarketableSecuritiesAvailableForSaleSecuritiesPolicy</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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</tr>
<tr>
<td><strong> Data Type:</strong></td>
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</tr>
<tr>
<td><strong> Balance Type:</strong></td>
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</tr>
<tr>
<td><strong> Period Type:</strong></td>
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</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PropertyPlantAndEquipmentPolicyTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Disclosure of accounting policy for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, basis of assets, depreciation and depletion methods used, including composite deprecation, estimated useful lives, capitalization policy, accounting treatment for costs incurred for repairs and maintenance, capitalized interest and the method it is calculated, disposals and impairments.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 360<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=6391035&amp;loc=d3e2868-110229<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 235<br> -SubTopic 10<br> -Section 50<br> -Paragraph 3<br> -URI http://asc.fasb.org/extlink&amp;oid=68058157&amp;loc=d3e18780-107790<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.13(a))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PropertyPlantAndEquipmentPolicyTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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</tr>
<tr>
<td><strong> Data Type:</strong></td>
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</tr>
<tr>
<td><strong> Balance Type:</strong></td>
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<tr>
<td><strong> Period Type:</strong></td>
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</tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ReceivablesPolicyTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Disclosure of accounting policy for trade and other accounts receivable, and finance, loan and lease receivables, including those classified as held for investment and held for sale. This disclosure may include (1) the basis at which such receivables are carried in the entity's statements of financial position (2) how the level of the valuation allowance for receivables is determined (3) when impairments, charge-offs or recoveries are recognized for such receivables (4) the treatment of origination fees and costs, including the amortization method for net deferred fees or costs (5) the treatment of any premiums or discounts or unearned income (6) the entity's income recognition policies for such receivables, including those that are impaired, past due or placed on nonaccrual status and (7) the treatment of foreclosures or repossessions (8) the nature and amount of any guarantees to repurchase receivables.</p></div>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Disclosure of accounting policy for its research and development and computer software activities including the accounting treatment for costs incurred for (1) research and development activities, (2) development of computer software for internal use, (3) computer software to be sold, leased or otherwise marketed as a separate product or as part of a product or process and (4) in-process research and development acquired in a purchase business combination.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Glossary Research and Development<br> -URI http://asc.fasb.org/extlink&amp;oid=6523717<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 350<br> -SubTopic 40<br> -Section 30<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=6389767&amp;loc=d3e17916-109280<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 235<br> -SubTopic 10<br> -Section 50<br> -Paragraph 3<br> -URI http://asc.fasb.org/extlink&amp;oid=68058157&amp;loc=d3e18780-107790<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 985<br> -SubTopic 20<br> -Section 50<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=6501960&amp;loc=d3e128462-111756<br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.15)<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 350<br> -SubTopic 50<br> -Section 25<br> -Paragraph 4<br> -URI http://asc.fasb.org/extlink&amp;oid=16397303&amp;loc=d3e19347-109286<br></p></div>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Disclosure of accounting policy for recognizing unearned income or deferred revenue related to transactions involving the sale of a product or performance of services.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 605<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SAB Topic 13.B.Q1)<br> -URI http://asc.fasb.org/extlink&amp;oid=65893310&amp;loc=d3e214044-122780<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 235<br> -SubTopic 10<br> -Section 50<br> -Paragraph 3<br> -URI http://asc.fasb.org/extlink&amp;oid=68058157&amp;loc=d3e18780-107790<br></p></div>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Disclosure of accounting policy for stock option and stock incentive plans. This disclosure may include (1) the types of stock option or incentive plans sponsored by the entity (2) the groups that participate in (or are covered by) each plan (3) significant plan provisions and (4) how stock compensation is measured, and the methodologies and significant assumptions used to determine that measurement.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 718<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=6415400&amp;loc=d3e5047-113901<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 235<br> -SubTopic 10<br> -Section 50<br> -Paragraph 3<br> -URI http://asc.fasb.org/extlink&amp;oid=68058157&amp;loc=d3e18780-107790<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 718<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (b),(f)<br> -URI http://asc.fasb.org/extlink&amp;oid=6415400&amp;loc=d3e5070-113901<br></p></div>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Disclosure of accounting policy for the classification of shipping and handling costs, including whether the costs are included in cost of sales or included in other income statement accounts. If shipping and handling fees are significant and are not included in cost of sales, disclosure includes both the amounts of such costs and the line item on the income statement which includes such costs.</p></div>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Disclosure of accounting policy for its capital stock transactions, including dividends and accumulated other comprehensive income.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 235<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=68058157&amp;loc=d3e18726-107790<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 505<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=6928386&amp;loc=d3e21459-112644<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 235<br> -SubTopic 10<br> -Section 50<br> -Paragraph 3<br> -URI http://asc.fasb.org/extlink&amp;oid=68058157&amp;loc=d3e18780-107790<br></p></div>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Disclosure of accounting policy for the use of estimates in the preparation of financial statements in conformity with generally accepted accounting principles.</p></div>
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<span style="display: none;">v3.5.0.2</span><table class="report" border="0" cellspacing="2" id="idp6739362544">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Note 1 - Nature of Business and Significant Accounting Policies (Tables)<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
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<tr><th class="th"><div>Aug. 31, 2016</div></th></tr>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_TableTextBlock', window );"><strong>Notes Tables</strong></a></td>
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<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ntic_PropertyAndEquipmentUsefulLifeTableTextBlock', window );">Property and Equipment Useful Life [Table Text Block]</a></td>
<td class="text"><div style="display: inline; font-family: times new roman; font-size: 10pt"><table style="TEXT-INDENT: 0;WIDTH: 100%; BORDER-COLLAPSE: collapse;; width: 700px;" cellspacing="0" cellpadding="0"> <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT-SIZE: 10pt; WIDTH: 50%; TEXT-ALIGN: left; PADDING-LEFT: 1.7in" nowrap="nowrap">Buildings and improvements (years)</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%">&nbsp;</td> <td style="FONT-SIZE: 10pt; WIDTH: 4%; TEXT-ALIGN: center">5</td> <td style="FONT-SIZE: 10pt; WIDTH: 4%; TEXT-ALIGN: center">-</td> <td style="FONT-SIZE: 10pt; WIDTH: 4%; TEXT-ALIGN: center">30</td> <td style="FONT-SIZE: 10pt; WIDTH: 37%; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left; PADDING-LEFT: 1.7in">Machinery and equipment (years)</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: center">3</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: center">-</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: center">10</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> </tr> </table></div><span></span>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Tabular disclosure of property and equipment useful life.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<td><strong> Name:</strong></td>
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
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<span style="display: none;">v3.5.0.2</span><table class="report" border="0" cellspacing="2" id="idp6919626720">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Note 3 - Inventories (Tables)<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th"><div>Aug. 31, 2016</div></th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_TableTextBlock', window );"><strong>Notes Tables</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfInventoryCurrentTableTextBlock', window );">Schedule of Inventory, Current [Table Text Block]</a></td>
<td class="text"><div style="display: inline; font-family: times new roman; font-size: 10pt"><table style="TEXT-INDENT: 0;WIDTH: 100%; BORDER-COLLAPSE: collapse;; width: 700px;" cellspacing="0" cellpadding="0"> <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify">&nbsp;</td> <td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3" nowrap="nowrap">August 31, 2016</td> <td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3" nowrap="nowrap">August 31, 2015</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"> <td style="FONT-SIZE: 10pt; WIDTH: 74%; TEXT-ALIGN: justify">Production materials</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%">&nbsp;</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">$</td> <td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right">1,452,396</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%">&nbsp;</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">$</td> <td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right">1,445,014</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt; TEXT-ALIGN: justify">Finished goods</td> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">6,258,891</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">6,023,427</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 2.25pt; TEXT-ALIGN: justify">&nbsp;</td> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 2.25pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left">$</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: right">7,711,287</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 2.25pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left">$</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: right">7,468,441</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left">&nbsp;</td> </tr> </table></div><span></span>
</td>
</tr>
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Tabular disclosure of the carrying amount as of the balance sheet date of merchandise, goods, commodities, or supplies held for future sale or to be used in manufacturing, servicing or production process.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(6)(b))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(6)(a))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=6361739&amp;loc=d3e7789-107766<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(6)(c))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<span style="display: none;">v3.5.0.2</span><table class="report" border="0" cellspacing="2" id="idp6919526784">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Note 4 - Property and Equipment, Net (Tables)<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th"><div>Aug. 31, 2016</div></th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_TableTextBlock', window );"><strong>Notes Tables</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PropertyPlantAndEquipmentTextBlock', window );">Property, Plant and Equipment [Table Text Block]</a></td>
<td class="text"><div style="display: inline; font-family: times new roman; font-size: 10pt"><table style="TEXT-INDENT: 0;WIDTH: 100%; BORDER-COLLAPSE: collapse;; width: 700px;" cellspacing="0" cellpadding="0"> <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify">&nbsp;</td> <td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3" nowrap="nowrap">August 31, 2016</td> <td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3" nowrap="nowrap">August 31, 2015</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"> <td style="FONT-SIZE: 10pt; WIDTH: 74%; TEXT-ALIGN: justify">Land</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%">&nbsp;</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">$</td> <td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right">310,365</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%">&nbsp;</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">$</td> <td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right">310,365</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify">Buildings and improvements</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6,528,252</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6,180,089</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt; TEXT-ALIGN: justify">Machinery and equipment</td> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">3,590,063</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">4,090,619</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10,428,680</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10,581,073</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt; TEXT-ALIGN: justify">Less accumulated depreciation</td> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">(3,152,808</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">)</td> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">(3,287,910</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">)</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 2.25pt; TEXT-ALIGN: justify">&nbsp;</td> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 2.25pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left">$</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: right">7,275,872</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 2.25pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left">$</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: right">7,293,163</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left">&nbsp;</td> </tr> </table></div><span></span>
</td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PropertyPlantAndEquipmentTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Tabular disclosure of physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, balances by class of assets, depreciation and depletion expense and method used, including composite depreciation, and accumulated deprecation.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 360<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=6391035&amp;loc=d3e2868-110229<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(13))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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</div></td></tr>
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<span style="display: none;">v3.5.0.2</span><table class="report" border="0" cellspacing="2" id="idp6919621152">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Note 5 - Patents and Trademarks, Net (Tables)<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th"><div>Aug. 31, 2016</div></th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_TableTextBlock', window );"><strong>Notes Tables</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfFiniteLivedIntangibleAssetsTableTextBlock', window );">Schedule of Finite-Lived Intangible Assets [Table Text Block]</a></td>
<td class="text"><div style="display: inline; font-family: times new roman; font-size: 10pt"><table style="TEXT-INDENT: 0;WIDTH: 100%; BORDER-COLLAPSE: collapse;; width: 700px;" cellspacing="0" cellpadding="0"> <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify">&nbsp;</td> <td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3" nowrap="nowrap">August 31, 2016</td> <td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3" nowrap="nowrap">August 31, 2015</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"> <td style="FONT-SIZE: 10pt; WIDTH: 74%; TEXT-ALIGN: justify">Patents and trademarks</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%">&nbsp;</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">$</td> <td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right">2,575,435</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%">&nbsp;</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">$</td> <td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right">2,440,022</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt; TEXT-ALIGN: justify">Less accumulated amortization</td> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">(1,296,838</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">)</td> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">(1,177,803</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">)</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 2.25pt; TEXT-ALIGN: justify">&nbsp;</td> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 2.25pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left">$</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: right">1,278,597</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 2.25pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left">$</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: right">1,262,219</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left">&nbsp;</td> </tr> </table></div><span></span>
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<span style="display: none;">v3.5.0.2</span><table class="report" border="0" cellspacing="2" id="idp6634930992">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Note 6 - Investments in Joint Ventures (Tables)<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th"><div>Aug. 31, 2016</div></th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_TableTextBlock', window );"><strong>Notes Tables</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfCondensedBalanceSheetTableTextBlock', window );">Condensed Balance Sheet [Table Text Block]</a></td>
<td class="text"><div style="display: inline; font-family: times new roman; font-size: 10pt"><table style="TEXT-INDENT: 0;WIDTH: 100%; BORDER-COLLAPSE: collapse;; width: 700px;" cellspacing="0" cellpadding="0"> <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="11">As of August 31, 2016</td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3">Total</td> <td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3">EXCOR</td> <td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3">All Other</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"> <td style="FONT-SIZE: 10pt; WIDTH: 61%; TEXT-ALIGN: left">Current assets</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%">&nbsp;</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">$</td> <td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right">48,922,924</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%">&nbsp;</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">$</td> <td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right">22,928,810</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%">&nbsp;</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">$</td> <td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right">25,994,114</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">Total assets</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">52,407,026</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">24,733,340</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">27,673,686</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">Current liabilities</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12,433,700</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,485,231</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8,948,469</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">Noncurrent liabilities</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">100,783</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#x2014;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">100,783</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">Joint ventures&#x2019; equity</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">39,872,543</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">21,248,109</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">18,624,434</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">Northern Technologies International Corporation&#x2019;s share of joint ventures&#x2019; equity</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">19,840,774</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10,624,056</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">9,216,728</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">Northern Technologies International Corporation's share of joint ventures&#x2019; undistributed earnings</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">17,779,912</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">$</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10,593,151</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">$</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7,186,761</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">Northern Technologies International Corporation's dividends received from joint ventures</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">$</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,503,314</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">$</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,364,700</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">$</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,165,614</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> </tr> </table></div><div style="display: inline; font-family: times new roman; font-size: 10pt"><table style="TEXT-INDENT: 0;WIDTH: 100%; BORDER-COLLAPSE: collapse;; width: 700px;" cellspacing="0" cellpadding="0"> <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="11">As of August 31, 2015</td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3">Total</td> <td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3">EXCOR</td> <td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3">All Other</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"> <td style="FONT-SIZE: 10pt; WIDTH: 61%; TEXT-ALIGN: left">Current assets</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%">&nbsp;</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">$</td> <td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right">49,295,116</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%">&nbsp;</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">$</td> <td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right">22,620,323</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%">&nbsp;</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">$</td> <td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right">26,674,793</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">Total assets</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">52,853,938</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">24,606,880</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">28,247,058</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">Current liabilities</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12,288,383</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,360,142</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8,928,241</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">Noncurrent liabilities</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,215,139</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#x2014;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,215,139</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">Joint ventures&#x2019; equity</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">39,350,417</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">21,246,738</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">18,103,679</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">Northern Technologies International Corporation&#x2019;s share of joint ventures&#x2019; equity</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">20,544,238</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11,571,361</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8,972,877</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">Northern Technologies International Corporation's share of joint ventures&#x2019; undistributed earnings</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">18,483,377</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11,540,456</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6,942,921</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">Northern Technologies International Corporation's dividends received from joint ventures</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">$</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,983,338</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">$</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,440,200</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">$</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">543,138</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> </tr> </table></div><span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfCondensedIncomeStatementTableTextBlock', window );">Condensed Income Statement [Table Text Block]</a></td>
<td class="text"><div style="display: inline; font-family: times new roman; font-size: 10pt"><table style="TEXT-INDENT: 0;WIDTH: 100%; BORDER-COLLAPSE: collapse;; width: 700px;" cellspacing="0" cellpadding="0"> <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="11">Fiscal Year Ended August 31, 2016</td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3">Total</td> <td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3">EXCOR</td> <td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3">All Other</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"> <td style="FONT-SIZE: 10pt; WIDTH: 61%; TEXT-ALIGN: left">Net sales</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%">&nbsp;</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">$</td> <td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right">90,646,833</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%">&nbsp;</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">$</td> <td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right">35,138,214</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%">&nbsp;</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">$</td> <td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right">55,508,619</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">Gross profit</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">40,440,726</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">18,635,421</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">21,805,305</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">Net income</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">9,534,771</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7,049,462</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,485,309</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">Northern Technologies International Corporation&#x2019;s share of equity in income from joint ventures</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">$</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,743,831</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">$</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,534,113</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">$</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,209,718</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> </tr> </table></div><div style="display: inline; font-family: times new roman; font-size: 10pt"><table style="TEXT-INDENT: 0;WIDTH: 100%; BORDER-COLLAPSE: collapse;; width: 700px;" cellspacing="0" cellpadding="0"> <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="11">Fiscal Year Ended August 31, 2015</td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3">Total</td> <td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3">EXCOR</td> <td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3">All Other</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"> <td style="FONT-SIZE: 10pt; WIDTH: 61%; TEXT-ALIGN: left">Net sales</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%">&nbsp;</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">$</td> <td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right">99,026,251</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%">&nbsp;</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">$</td> <td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right">36,872,664</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%">&nbsp;</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">$</td> <td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right">62,153,587</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">Gross profit</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">48,397,318</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">19,993,763</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">28,403,555</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">Net income</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11,849,107</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8,201,659</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,647,448</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">Northern Technologies International Corporation&#x2019;s share of equity in income from joint ventures</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">$</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,936,565</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">$</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,091,608</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">$</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,844,957</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> </tr> </table></div><span></span>
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Note 7 - China Operations (Tables)<br></strong></div></th>
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<td class="text"><div style="display: inline; font-family: times new roman; font-size: 10pt"><table style="TEXT-INDENT: 0;WIDTH: 100%; BORDER-COLLAPSE: collapse;; width: 700px;" cellspacing="0" cellpadding="0"> <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3">Investment</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"> <td style="FONT-SIZE: 10pt; WIDTH: 87%">Equity method investment &#x2013; August 31, 2015</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%">&nbsp;</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">$</td> <td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right">2,243,524</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">Equity in earnings &#x2013; fiscal year 2016</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">132,824</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt; TEXT-ALIGN: left">Reclassification of translation gains on foreign currency translation</td> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt; TEXT-ALIGN: right">(492,680</td> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt; TEXT-ALIGN: left">)</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt; TEXT-ALIGN: left">Recording the impairment of the cost basis investment</td> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">(1,883,668</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">)</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 2.25pt">Investment at carrying value &#x2013; August 31, 2016</td> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 2.25pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left">$</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: right">-</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left">&nbsp;</td> </tr> </table></div><span></span>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Tabular disclosure of equity method investments including, but not limited to, name of each investee or group of investments, percentage ownership, difference between recorded amount of an investment and the value of the underlying equity in the net assets, and summarized financial information.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 323<br> -SubTopic 10<br> -Section 50<br> -Paragraph 3<br> -URI http://asc.fasb.org/extlink&amp;oid=66011266&amp;loc=d3e33918-111571<br></p></div>
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Note 9 - Stockholders' Equity (Tables)<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
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<tr><th class="th"><div>Aug. 31, 2016</div></th></tr>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock', window );">Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]</a></td>
<td class="text"><div style="display: inline; font-family: times new roman; font-size: 10pt"><table style="TEXT-INDENT: 0;WIDTH: 50%; BORDER-COLLAPSE: collapse;; width: 700px;" cellspacing="0" cellpadding="0"> <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center">Options <br />Exercised</td> <td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3">Exercise <br />Price</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"> <td style="FONT-SIZE: 10pt; WIDTH: 48%; TEXT-ALIGN: center">18,000</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%">&nbsp;</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">$</td> <td style="FONT-SIZE: 10pt; WIDTH: 47%; TEXT-ALIGN: right">9.76</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: center">18,000</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7.65</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: center">2,333</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10.20</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> </tr> </table></div><span></span>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock', window );">Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]</a></td>
<td class="text"><div style="display: inline; font-family: times new roman; font-size: 10pt"><table style="TEXT-INDENT: 0;WIDTH: 100%; BORDER-COLLAPSE: collapse;; width: 700px;" cellspacing="0" cellpadding="0"> <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify">&nbsp;</td> <td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3">Number of <br />Shares (#)</td> <td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3">Weighted Average Exercise Price</td> <td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3">Aggregate <br />Intrinsic Value</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"> <td style="FONT-SIZE: 10pt; WIDTH: 61%; TEXT-ALIGN: justify">Outstanding at August 31, 2014</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%">&nbsp;</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right">239,000</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%">&nbsp;</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">$</td> <td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right">11.66</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%">&nbsp;</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right">&nbsp;</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; TEXT-INDENT: 10pt">Options granted</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">45,067</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">20.10</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; TEXT-INDENT: 10pt">Options exercised</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">(38,333</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">)</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">9.00</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt; TEXT-ALIGN: justify; TEXT-INDENT: 10pt">Options terminated</td> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">(4,000</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">)</td> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">10.20</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt; TEXT-ALIGN: right">&nbsp;</td> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify">Outstanding at August 31, 2015</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">241,734</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">13.72</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; TEXT-INDENT: 10pt">Options granted</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">53,447</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">14.85</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; TEXT-INDENT: 10pt">Options exercised</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">0</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">0.00</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt; TEXT-ALIGN: justify; TEXT-INDENT: 10pt">Options terminated</td> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">(12,000</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">)</td> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">13.38</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt; TEXT-ALIGN: right">&nbsp;</td> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify">Outstanding at August 31, 2016</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">283,181</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">$</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">13.95</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">$</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">392,370</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify">Exercisable at August 31, 2016</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">188,600</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">$</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">13.45</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">$</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">336,683</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> </tr> </table></div><span></span>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Tabular disclosure of the number and weighted-average exercise prices (or conversion ratios) for share options (or share units) that were outstanding at the beginning and end of the year, vested and expected to vest, exercisable or convertible at the end of the year, and the number of share options or share units that were granted, exercised or converted, forfeited, and expired during the year.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 718<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (c)(1)<br> -URI http://asc.fasb.org/extlink&amp;oid=6415400&amp;loc=d3e5070-113901<br></p></div>
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<span style="display: none;">v3.5.0.2</span><table class="report" border="0" cellspacing="2" id="idp6749048480">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Note 10 - Net Income (Loss) Per Common Share (Tables)<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th"><div>Aug. 31, 2016</div></th></tr>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_TableTextBlock', window );"><strong>Notes Tables</strong></a></td>
<td class="text">&#160;<span></span>
</td>
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<tr class="ro">
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<td class="text"><div style="display: inline; font-family: times new roman; font-size: 10pt"><table style="TEXT-INDENT: 0;WIDTH: 100%; BORDER-COLLAPSE: collapse;; width: 700px;" cellspacing="0" cellpadding="0"> <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt; TEXT-ALIGN: justify">Numerator:</td> <td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3" nowrap="nowrap">August 31, 2016</td> <td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3" nowrap="nowrap">August 31, 2015</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"> <td style="FONT-SIZE: 10pt; WIDTH: 74%; TEXT-ALIGN: justify">Net (loss) income attributable to NTIC</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%">&nbsp;</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">$</td> <td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right">(867,514</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">)</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%">&nbsp;</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">$</td> <td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right">1,789,571</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"> <td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; TEXT-ALIGN: justify">Denominator:</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify">Basic-weighted shares outstanding</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,537,504</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,521,788</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt; TEXT-ALIGN: justify">Weighted shares assumed upon exercise of stock options</td> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">0</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">127,272</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 2.25pt; TEXT-ALIGN: justify">Diluted &#x2013; weighted shares outstanding</td> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 2.25pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: right">4,537,504</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 2.25pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: right">4,649,060</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify">Basic income (loss) earnings per share:</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">$</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">(0.19</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">)</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">$</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">0.40</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify">Diluted income (loss) earnings per share:</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">$</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">(0.19</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">)</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">$</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">0.38</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> </tr> </table></div><span></span>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 260<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=6371337&amp;loc=d3e3550-109257<br></p></div>
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<span style="display: none;">v3.5.0.2</span><table class="report" border="0" cellspacing="2" id="idp6919603296">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Note 11 - Stock-based Compensation (Tables)<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
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<tr><th class="th"><div>Aug. 31, 2016</div></th></tr>
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<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock', window );">Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]</a></td>
<td class="text"><div style="display: inline; font-family: times new roman; font-size: 10pt"><table style="TEXT-INDENT: 0;WIDTH: 100%; BORDER-COLLAPSE: collapse;; width: 700px;" cellspacing="0" cellpadding="0"> <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify">&nbsp;</td> <td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3" nowrap="nowrap">August 31, 2016</td> <td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3" nowrap="nowrap">August 31, 2015</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"> <td style="FONT-SIZE: 10pt; WIDTH: 74%; TEXT-ALIGN: justify">Dividend yield</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%">&nbsp;</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right">0.00</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">%</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%">&nbsp;</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right">0.00</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">%</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify">Expected volatility</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">46.0</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">%</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">46.6</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">%</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify">Expected life of option (years)</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify">Weighted average risk-free interest rate</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1.63</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">%</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1.63</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">%</td> </tr> </table></div><span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock', window );">Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]</a></td>
<td class="text"><div style="display: inline; font-family: times new roman; font-size: 10pt"><table style="TEXT-INDENT: 0;WIDTH: 100%; BORDER-COLLAPSE: collapse;; width: 700px;" cellspacing="0" cellpadding="0"> <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify">&nbsp;</td> <td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3">Number of <br />Shares (#)</td> <td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3">Weighted Average Exercise Price</td> <td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3">Aggregate <br />Intrinsic Value</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"> <td style="FONT-SIZE: 10pt; WIDTH: 61%; TEXT-ALIGN: justify">Outstanding at August 31, 2014</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%">&nbsp;</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right">239,000</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%">&nbsp;</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">$</td> <td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right">11.66</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%">&nbsp;</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right">&nbsp;</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; TEXT-INDENT: 10pt">Options granted</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">45,067</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">20.10</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; TEXT-INDENT: 10pt">Options exercised</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">(38,333</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">)</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">9.00</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt; TEXT-ALIGN: justify; TEXT-INDENT: 10pt">Options terminated</td> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">(4,000</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">)</td> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">10.20</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt; TEXT-ALIGN: right">&nbsp;</td> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify">Outstanding at August 31, 2015</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">241,734</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">13.72</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; TEXT-INDENT: 10pt">Options granted</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">53,447</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">14.85</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; TEXT-INDENT: 10pt">Options exercised</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">0</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">0.00</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt; TEXT-ALIGN: justify; TEXT-INDENT: 10pt">Options terminated</td> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">(12,000</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">)</td> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">13.38</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt; TEXT-ALIGN: right">&nbsp;</td> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify">Outstanding at August 31, 2016</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">283,181</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">$</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">13.95</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">$</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">392,370</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify">Exercisable at August 31, 2016</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">188,600</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">$</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">13.45</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">$</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">336,683</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> </tr> </table></div><span></span>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Tabular disclosure of the number and weighted-average exercise prices (or conversion ratios) for share options (or share units) that were outstanding at the beginning and end of the year, vested and expected to vest, exercisable or convertible at the end of the year, and the number of share options or share units that were granted, exercised or converted, forfeited, and expired during the year.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 718<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (c)(1)<br> -URI http://asc.fasb.org/extlink&amp;oid=6415400&amp;loc=d3e5070-113901<br></p></div>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 718<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (f)(2)<br> -URI http://asc.fasb.org/extlink&amp;oid=6415400&amp;loc=d3e5070-113901<br></p></div>
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<span style="display: none;">v3.5.0.2</span><table class="report" border="0" cellspacing="2" id="idp6748635904">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Note 12 - Segment and Geographic Information (Tables)<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
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<tr><th class="th"><div>Aug. 31, 2016</div></th></tr>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeStatementLocationAxis=ntic_FeesForServicesProvidedToJointVenturesMember', window );">Fees for Services Provided to Joint Ventures [Member]</a></td>
<td class="text">&#160;<span></span>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_TableTextBlock', window );"><strong>Notes Tables</strong></a></td>
<td class="text">&#160;<span></span>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ReconciliationOfRevenueFromSegmentsToConsolidatedTextBlock', window );">Reconciliation of Revenue from Segments to Consolidated [Table Text Block]</a></td>
<td class="text"><div style="display: inline; font-family: times new roman; font-size: 10pt"><table style="TEXT-INDENT: 0;WIDTH: 100%; BORDER-COLLAPSE: collapse;; width: 700px;" cellspacing="0" cellpadding="0"> <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify">&nbsp;</td> <td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3" nowrap="nowrap">Fiscal 2016</td> <td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3" nowrap="nowrap">Fiscal 2015</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"> <td style="FONT-SIZE: 10pt; WIDTH: 74%; TEXT-ALIGN: justify">Germany</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%">&nbsp;</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">$</td> <td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right">845,857</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%">&nbsp;</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">$</td> <td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right">873,400</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify">Japan</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">646,015</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">599,108</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify">Poland</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">599,391</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">600,255</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify">Thailand</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">537,212</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">554,881</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify">United Kingdom</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">386,761</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">396,514</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify">Korea</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">352,393</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">192,539</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify">France</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">329,805</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">412,608</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify">India</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">300,506</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">277,548</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify">Sweden</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">265,745</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">323,610</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify">Finland</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">252,578</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">281,620</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify">Czech</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">237,062</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">229,185</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify">China</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">0</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">494,080</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt; TEXT-ALIGN: justify">Other</td> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">384,385</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">480,143</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">$</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,137,710</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">$</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,715,491</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> </tr> </table></div><span></span>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ReconciliationOfRevenueFromSegmentsToConsolidatedTextBlock', window );">Reconciliation of Revenue from Segments to Consolidated [Table Text Block]</a></td>
<td class="text"><div style="display: inline; font-family: times new roman; font-size: 10pt"><table style="TEXT-INDENT: 0;WIDTH: 100%; BORDER-COLLAPSE: collapse;; width: 700px;" cellspacing="0" cellpadding="0"> <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify">&nbsp;</td> <td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3" nowrap="nowrap">Fiscal 2016</td> <td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3" nowrap="nowrap">Fiscal 2015</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"> <td style="FONT-SIZE: 10pt; WIDTH: 74%; TEXT-ALIGN: justify"><div style="display: inline; FONT-SIZE: 10pt">ZERUST<div style="display: inline; bottom:.33em; font-size: 82%; position: relative; vertical-align: baseline; vertical-align: baseline; position: relative; bottom:.33em;">&reg;</div> net sales</div></td> <td style="FONT-SIZE: 10pt; WIDTH: 1%">&nbsp;</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">$</td> <td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right">27,577,566</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%">&nbsp;</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">$</td> <td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right">26,042,909</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt; TEXT-ALIGN: justify"><div style="display: inline; FONT-SIZE: 10pt">Natur-Tec<div style="display: inline; bottom:.33em; font-size: 82%; position: relative; vertical-align: baseline; vertical-align: baseline; position: relative; bottom:.33em;">&reg;</div> net sales</div></td> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">5,355,999</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">4,279,784</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; TEXT-INDENT: 10pt">Total net sales</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">$</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">32,933,565</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">$</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">30,322,693</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> </tr> </table></div><span></span>
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<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ntic_ReconciliationOfCostOfGoodsSoldFromSegmentsToConsolidatedTableTextBlock', window );">Reconciliation of Cost of Goods Sold from Segments to Consolidated [Table Text Block]</a></td>
<td class="text"><div style="display: inline; font-family: times new roman; font-size: 10pt"><table style="TEXT-INDENT: 0;WIDTH: 100%; BORDER-COLLAPSE: collapse;; width: 700px;" cellspacing="0" cellpadding="0"> <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify">&nbsp;</td> <td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3" nowrap="nowrap">Fiscal 2016</td> <td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3" nowrap="nowrap">Fiscal 2015</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify">Direct cost of goods sold</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"> <td style="FONT-SIZE: 10pt; WIDTH: 74%; TEXT-ALIGN: justify; TEXT-INDENT: 10pt"><div style="display: inline; FONT-SIZE: 10pt">ZERUST<div style="display: inline; bottom:.33em; font-size: 82%; position: relative; vertical-align: baseline; vertical-align: baseline; position: relative; bottom:.33em;">&reg;</div></div></td> <td style="FONT-SIZE: 10pt; WIDTH: 1%">&nbsp;</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">$</td> <td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right">15,588,133</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%">&nbsp;</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">$</td> <td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right">14,399,456</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; TEXT-INDENT: 10pt"><div style="display: inline; FONT-SIZE: 10pt">Natur-Tec<div style="display: inline; bottom:.33em; font-size: 82%; position: relative; vertical-align: baseline; vertical-align: baseline; position: relative; bottom:.33em;">&reg;</div></div></td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,076,249</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,232,353</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt; TEXT-ALIGN: justify">Indirect cost of goods sold</td> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">2,655,774</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">2,924,124</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; TEXT-INDENT: 20pt">Total net cost of goods sold</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">$</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">22,320,156</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">$</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">20,555,932</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> </tr> </table></div><span></span>
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<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfRevenueFromExternalCustomersAttributedToForeignCountriesByGeographicAreaTextBlock', window );">Schedule of Revenue from External Customers Attributed to Foreign Countries by Geographic Area [Table Text Block]</a></td>
<td class="text"><div style="display: inline; font-family: times new roman; font-size: 10pt"><table style="TEXT-INDENT: 0;WIDTH: 100%; BORDER-COLLAPSE: collapse;; width: 700px;" cellspacing="0" cellpadding="0"> <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify">&nbsp;</td> <td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="7" nowrap="nowrap">Fiscal Year Ended August 31,</td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify">&nbsp;</td> <td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3">2016</td> <td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3">2015</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"> <td style="FONT-SIZE: 10pt; WIDTH: 74%; TEXT-ALIGN: left">Inside the U.S.A. to unaffiliated customers</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%">&nbsp;</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">$</td> <td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right">20,304,480</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%">&nbsp;</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">$</td> <td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right">19,329,979</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">Outside the U.S.A. to:</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left; TEXT-INDENT: 10pt">Joint ventures in which the Company is a shareholder directly and indirectly</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,721,905</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,831,301</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt; TEXT-ALIGN: left; TEXT-INDENT: 11pt">Unaffiliated customers</td> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">9,907,180</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">8,161,413</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 2.25pt; TEXT-ALIGN: justify">&nbsp;</td> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 2.25pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left">$</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: right">32,933,565</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 2.25pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left">$</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: right">30,322,693</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left">&nbsp;</td> </tr> </table></div><span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfRevenuesFromExternalCustomersAndLongLivedAssetsByGeographicalAreasTableTextBlock', window );">Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas [Table Text Block]</a></td>
<td class="text"><div style="display: inline; font-family: times new roman; font-size: 10pt"><table style="TEXT-INDENT: 0;WIDTH: 100%; BORDER-COLLAPSE: collapse;; width: 700px;" cellspacing="0" cellpadding="0"> <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3" nowrap="nowrap">At August 31, 2016</td> <td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3" nowrap="nowrap">At August 31, 2015</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"> <td style="FONT-SIZE: 10pt; WIDTH: 74%; TEXT-ALIGN: justify">China</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%">&nbsp;</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">$</td> <td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right">253,931</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%">&nbsp;</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">$</td> <td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right">45,220</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify">Brazil</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">66,938</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">46,918</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify">India</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">13,645</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">16,402</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt; TEXT-ALIGN: justify">United States</td> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">8,219,955</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">8,446,842</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 2.25pt; TEXT-ALIGN: justify; TEXT-INDENT: 10pt">Total long-lived assets</td> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 2.25pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left">$</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: right">8,554,469</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 2.25pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left">$</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: right">8,555,382</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left">&nbsp;</td> </tr> </table></div><span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RevenueFromExternalCustomersByGeographicAreasTableTextBlock', window );">Revenue from External Customers by Geographic Areas [Table Text Block]</a></td>
<td class="text"><div style="display: inline; font-family: times new roman; font-size: 10pt"><table style="TEXT-INDENT: 0;WIDTH: 100%; BORDER-COLLAPSE: collapse;; width: 700px;" cellspacing="0" cellpadding="0"> <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3">Fiscal Year Ended August 31, 2016</td> <td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3">Fiscal Year Ended August 31, 2015</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"> <td style="FONT-SIZE: 10pt; WIDTH: 74%; TEXT-ALIGN: justify">China</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%">&nbsp;</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">$</td> <td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right">4,114,288</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%">&nbsp;</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">$</td> <td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right">1,070,422</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify">Brazil</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,172,297</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,623,938</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify">India</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,104,947</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">967,241</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify">Other</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,237,553</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6,331,113</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt; TEXT-ALIGN: justify">United States</td> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">20,304,480</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">19,329,979</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 2.25pt; TEXT-ALIGN: justify; TEXT-INDENT: 10pt">Total net sales</td> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 2.25pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left">$</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: right">32,933,565</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 2.25pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left">$</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: right">30,322,693</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left">&nbsp;</td> </tr> </table></div><span></span>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Tabular disclosure of all significant reconciling items in the reconciliation of total revenues from reportable segments to the entity's consolidated revenues.</p></div>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Tabular disclosure of revenue from external customers by geographic areas attributed to the entity's country of domicile and to foreign countries from which the entity derives revenue.</p></div>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Tabular disclosure of the names of foreign countries from which revenue is material and the amount of revenue from external customers attributed to those countries. An entity may also provide subtotals of geographic information about groups of countries.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 280<br> -SubTopic 10<br> -Section 50<br> -Paragraph 41<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=68060357&amp;loc=d3e9038-108599<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 225<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03.1)<br> -URI http://asc.fasb.org/extlink&amp;oid=63488584&amp;loc=d3e20235-122688<br></p></div>
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<span style="display: none;">v3.5.0.2</span><table class="report" border="0" cellspacing="2" id="idp6897821296">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Note 15 - Income Taxes (Tables)<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th"><div>Aug. 31, 2016</div></th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_TableTextBlock', window );"><strong>Notes Tables</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock', window );">Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]</a></td>
<td class="text"><div style="display: inline; font-family: times new roman; font-size: 10pt"><table style="TEXT-INDENT: 0;WIDTH: 100%; BORDER-COLLAPSE: collapse;; width: 700px;" cellspacing="0" cellpadding="0"> <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify">&nbsp;</td> <td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="7">Fiscal Year Ended August 31,</td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify">&nbsp;</td> <td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3">2016</td> <td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3">2015</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify">Current:</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify" colspan="3">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify" colspan="3">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify">Federal</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt">$</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#x2014;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt">$</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#x2014;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"> <td style="FONT-SIZE: 10pt; WIDTH: 74%; TEXT-ALIGN: justify; TEXT-INDENT: 11pt">State</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%">&nbsp;</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right">20,000</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%">&nbsp;</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right">(37,000</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">)</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt; TEXT-ALIGN: justify; TEXT-INDENT: 11pt">Foreign</td> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">647,000</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">542,000</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">667,000</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">505,000</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify">Deferred:</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; TEXT-INDENT: 11pt">Federal</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6,000</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">87,000</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify; TEXT-INDENT: 11pt">State</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#x2014;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,000</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt; TEXT-ALIGN: justify; TEXT-INDENT: 11pt">Foreign</td> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">(47,000</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">)</td> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">52,000</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt; TEXT-ALIGN: justify">&nbsp;</td> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">(41,000</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">)</td> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">144,000</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 2.25pt; TEXT-ALIGN: justify">&nbsp;</td> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 2.25pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left">$</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: right">626,000</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 2.25pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left">$</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: right">649,000</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left">&nbsp;</td> </tr> </table></div><span></span>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock', window );">Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]</a></td>
<td class="text"><div style="display: inline; font-family: times new roman; font-size: 10pt"><table style="TEXT-INDENT: 0;WIDTH: 100%; BORDER-COLLAPSE: collapse;; width: 700px;" cellspacing="0" cellpadding="0"> <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify">&nbsp;</td> <td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="7" nowrap="nowrap">Fiscal Year Ended August 31,</td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify">&nbsp;</td> <td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3">2016</td> <td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3">2015</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"> <td style="FONT-SIZE: 10pt; WIDTH: 74%; TEXT-ALIGN: left">Tax computed at statutory rates</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%">&nbsp;</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">$</td> <td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right">(195,000</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">)</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%">&nbsp;</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">$</td> <td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right">1,076,000</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">State income tax, net of federal benefit</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">20,000</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">(32,000</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">)</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"> <td style="font-size: 10pt; text-align: left; padding-left: 10pt; text-indent: -10pt">Tax effect on equity in (income) loss of international joint ventures</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">(956,000</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">)</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">(1,986,000</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">)</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"> <td style="font-size: 10pt; text-align: left; padding-left: 10pt; text-indent: -10pt">Tax effect on dividends received from joint ventures and investment at carrying value</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,681,000</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,470,000</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">Tax effect of foreign operations</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">997,000</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">996,000</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">Foreign tax credit</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">(3,178,000</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">)</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">(1,937,000</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">)</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">Research and development credit</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">(408,000</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">)</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">(314,000</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">)</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">Valuation allowance</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,620,000</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,379,000</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">Stock based compensation</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">90,000</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">99,000</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">Non-controlling interest</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">(148,000</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">)</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">(204,000</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">)</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">Other</td> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">103,000</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">102,000</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 2.25pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 2.25pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left">$</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: right">626,000</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 2.25pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left">$</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: right">649,000</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left">&nbsp;</td> </tr> </table></div><span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock', window );">Schedule of Deferred Tax Assets and Liabilities [Table Text Block]</a></td>
<td class="text"><div style="display: inline; font-family: times new roman; font-size: 10pt"><table style="TEXT-INDENT: 0;WIDTH: 100%; BORDER-COLLAPSE: collapse;; width: 700px;" cellspacing="0" cellpadding="0"> <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify">&nbsp;</td> <td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="7">August 31,</td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify">&nbsp;</td> <td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3">2016</td> <td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3">2015</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"> <td style="FONT-SIZE: 10pt; WIDTH: 74%; TEXT-ALIGN: left">Accrued compensation</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%">&nbsp;</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">$</td> <td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right">150,600</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%">&nbsp;</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">$</td> <td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right">237,700</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">Inventory costs</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">95,300</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">81,200</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">Accrued joint venture expenses</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">54,200</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">93,200</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">Other accrued expenses</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">87,000</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">53,800</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">Goodwill and other intangible assets</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,332,000</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,123,200</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">Stock-based compensation</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">210,600</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">308,900</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">Foreign tax credit carryforward</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,679,000</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,654,800</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt; TEXT-ALIGN: left">Other credit and loss carryforwards</td> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">3,214,300</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">2,262,000</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left; TEXT-INDENT: 10pt">Total deferred tax assets</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10,823,000</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8,814,800</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt; TEXT-ALIGN: left">Valuation allowance</td> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">(8,893,300</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">)</td> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">(6,889,900</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">)</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left; TEXT-INDENT: 10pt">Total deferred tax assets after valuation allowance</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,929,700</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,924,900</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">Property and equipment</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">(215,600</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">)</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">(204,000</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">)</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">Other</td> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">(74,300</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">)</td> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">(120,800</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">)</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left; TEXT-INDENT: 10pt">Total deferred tax liabilities</td> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">(289,900</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">)</td> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">(324,800</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">)</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 2.25pt; TEXT-ALIGN: left">Net deferred tax assets</td> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 2.25pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left">$</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: right">1,639,800</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 2.25pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left">$</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: right">1,600,100</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left">&nbsp;</td> </tr> </table></div><span></span>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SummaryOfIncomeTaxContingenciesTextBlock', window );">Summary of Income Tax Contingencies [Table Text Block]</a></td>
<td class="text"><div style="display: inline; font-family: times new roman; font-size: 10pt"><table style="TEXT-INDENT: 0;WIDTH: 100%; BORDER-COLLAPSE: collapse;; width: 700px;" cellspacing="0" cellpadding="0"> <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify">&nbsp;</td> <td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="7">Fiscal Year Ended August 31,</td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: justify">&nbsp;</td> <td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3">2016</td> <td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3">2015</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"> <td style="FONT-SIZE: 10pt; WIDTH: 74%; PADDING-BOTTOM: 1pt; TEXT-ALIGN: left">Gross unrecognized tax benefits &#x2013; beginning balance</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%">&nbsp;</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">$</td> <td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right">203,000</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%">&nbsp;</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">$</td> <td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right">180,000</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt; TEXT-ALIGN: left">Gross increases - prior period tax positions</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">15,000</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">15,000</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt; TEXT-ALIGN: left">Gross increases &#x2013; current period tax positions</td> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">20,000</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">8,000</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&nbsp;</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white"> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt; TEXT-ALIGN: left">Gross unrecognized tax benefits &#x2013; ending balance</td> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 2.25pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left">$</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: right">238,000</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 2.25pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left">$</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: right">203,000</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2.25pt double; TEXT-ALIGN: left">&nbsp;</td> </tr> </table></div><span></span>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 50<br> -Paragraph 9<br> -URI http://asc.fasb.org/extlink&amp;oid=65882285&amp;loc=d3e32639-109319<br></p></div>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=65882285&amp;loc=d3e32537-109319<br></p></div>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 50<br> -Paragraph 12<br> -URI http://asc.fasb.org/extlink&amp;oid=65882285&amp;loc=d3e32687-109319<br></p></div>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Tabular disclosure for tax positions taken in the tax returns filed or to be filed for which it is more likely than not that the tax position will not be sustained upon examination by taxing authorities and other income tax contingencies. Includes, but is not limited to, interest and penalties, reconciliation of unrecognized tax benefits, unrecognized tax benefits that would affect the effective tax rate, tax years that remain subject to examination by tax jurisdictions, and information about positions for which it is reasonably possible that amounts unrecognized will significantly change within 12 months.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 50<br> -Paragraph 15A<br> -URI http://asc.fasb.org/extlink&amp;oid=65882285&amp;loc=SL6600010-109319<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 50<br> -Paragraph 15<br> -Subparagraph (d)<br> -URI http://asc.fasb.org/extlink&amp;oid=65882285&amp;loc=d3e32718-109319<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 50<br> -Paragraph 19<br> -URI http://asc.fasb.org/extlink&amp;oid=65882285&amp;loc=d3e32840-109319<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
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<span style="display: none;">v3.5.0.2</span><table class="report" border="0" cellspacing="2" id="idp6919289232">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Note 16 - Commitments and Contingencies (Tables)<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
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<tr><th class="th"><div>Aug. 31, 2016</div></th></tr>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_TableTextBlock', window );"><strong>Notes Tables</strong></a></td>
<td class="text">&#160;<span></span>
</td>
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<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfFutureMinimumRentalPaymentsForOperatingLeasesTableTextBlock', window );">Schedule of Future Minimum Rental Payments for Operating Leases [Table Text Block]</a></td>
<td class="text"><div style="display: inline; font-family: times new roman; font-size: 10pt"><table cellpadding="0" cellspacing="0" style="border-collapse: collapse; font: 10pt Times New Roman, Times, Serif;; width: 700px;"> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 85%">FY 2017</td> <td style="width: 1%">&nbsp;</td> <td style="width: 1%; text-align: left">&nbsp;</td> <td style="width: 12%; text-align: right">191,631</td> <td style="width: 1%; text-align: left">&nbsp;</td> </tr> <tr style="vertical-align: bottom; background-color: White"> <td>FY 2018</td> <td>&nbsp;</td> <td style="text-align: left">&nbsp;</td> <td style="text-align: right">176,040</td> <td style="text-align: left">&nbsp;</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>FY 2019</td> <td>&nbsp;</td> <td style="text-align: left">&nbsp;</td> <td style="text-align: right">60,652</td> <td style="text-align: left">&nbsp;</td> </tr> <tr style="vertical-align: bottom; background-color: White"> <td>FY 2020</td> <td>&nbsp;</td> <td style="text-align: left">&nbsp;</td> <td style="text-align: right">40,579</td> <td style="text-align: left">&nbsp;</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>FY 2021</td> <td>&nbsp;</td> <td style="text-align: left">&nbsp;</td> <td style="text-align: right">40,579</td> <td style="text-align: left">&nbsp;</td> </tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt">Thereafter</td> <td style="padding-bottom: 1pt">&nbsp;</td> <td style="border-bottom: Black 1pt solid; text-align: left">&nbsp;</td> <td style="border-bottom: Black 1pt solid; text-align: right">88,463</td> <td style="border-bottom: Black 1pt solid; text-align: left">&nbsp;</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 2.25pt">&nbsp;</td> <td style="padding-bottom: 2.25pt">&nbsp;</td> <td style="border-bottom: Black 2.25pt double; text-align: left">$</td> <td style="border-bottom: Black 2.25pt double; text-align: right">597,944</td> <td style="border-bottom: Black 2.25pt double; text-align: left">&nbsp;</td> </tr> </table></div><span></span>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Tabular disclosure of future minimum payments required in the aggregate and for each of the five succeeding fiscal years for operating leases having initial or remaining noncancelable lease terms in excess of one year and the total minimum rentals to be received in the future under noncancelable subleases as of the balance sheet date.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 840<br> -SubTopic 20<br> -Section 50<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=6453985&amp;loc=d3e41502-112717<br></p></div>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
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<span style="display: none;">v3.5.0.2</span><table class="report" border="0" cellspacing="2" id="idp6904188144">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Note 17 - Statements of Cash Flows (Tables)<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfCashFlowSupplementalDisclosuresTableTextBlock', window );">Schedule of Cash Flow, Supplemental Disclosures [Table Text Block]</a></td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Tabular disclosure of supplemental cash flow information for the periods presented.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
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<td><strong> Balance Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
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<span style="display: none;">v3.5.0.2</span><table class="report" border="0" cellspacing="2" id="idp6919597536">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Note 18 - Fair Value Measurements (Tables)<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th"><div>Aug. 31, 2016</div></th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_TableTextBlock', window );"><strong>Notes Tables</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesTableTextBlock', window );">Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Table Text Block]</a></td>
<td class="text"><div style="display: inline; font-family: times new roman; font-size: 10pt"><table style="TEXT-INDENT: 0;WIDTH: 100%; BORDER-COLLAPSE: collapse;; width: 700px;" cellspacing="0" cellpadding="0"> <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: center" colspan="3">&nbsp;</td> <td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="11">Fair Value Measurements <br />Using Inputs Considered as</td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3">Fair value as of <br />August 31, 2016</td> <td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3">Level 1</td> <td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3">Level 2</td> <td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3">Level 3</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"> <td style="FONT-SIZE: 10pt; WIDTH: 48%; TEXT-ALIGN: left">Available for sale securities</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%">&nbsp;</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">$</td> <td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right">2,243,864</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%">&nbsp;</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">$</td> <td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right">2,243,864</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%">&nbsp;</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">$</td> <td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right">&#x2014;</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%">&nbsp;</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">$</td> <td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right">&#x2014;</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">&nbsp;</td> </tr> </table></div><div style="display: inline; font-family: times new roman; font-size: 10pt"><table style="TEXT-INDENT: 0;WIDTH: 100%; BORDER-COLLAPSE: collapse;; width: 700px;" cellspacing="0" cellpadding="0"> <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; TEXT-ALIGN: center" colspan="3">&nbsp;</td> <td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="11">Fair Value Measurements <br />Using Inputs Considered as</td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="FONT-SIZE: 10pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3">Fair value as of <br />August 31, 2015</td> <td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3">Level 1</td> <td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3">Level 2</td> <td style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 1pt">&nbsp;</td> <td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: center" colspan="3">Level 3</td> </tr> <tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)"> <td style="FONT-SIZE: 10pt; WIDTH: 48%; TEXT-ALIGN: left">Available for sale securities</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%">&nbsp;</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">$</td> <td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right">2,027,441</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%">&nbsp;</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">$</td> <td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right">2,027,441</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%">&nbsp;</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">$</td> <td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right">&#x2014;</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">&nbsp;</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%">&nbsp;</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">$</td> <td style="FONT-SIZE: 10pt; WIDTH: 10%; TEXT-ALIGN: right">&#x2014;</td> <td style="FONT-SIZE: 10pt; WIDTH: 1%; TEXT-ALIGN: left">&nbsp;</td> </tr> </table></div><span></span>
</td>
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Tabular disclosure of the inputs and valuation techniques used to measure fair value, and a discussion of changes in valuation techniques and related inputs, if any, applied during the period to each separate class of assets, liabilities, and financial instruments classified in shareholders' equity that are measured on a recurring and/or nonrecurring basis.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 820<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (bbb)<br> -URI http://asc.fasb.org/extlink&amp;oid=66048111&amp;loc=d3e19207-110258<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<DOCUMENT>
<TYPE>XML
<SEQUENCE>57
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<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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<span style="display: none;">v3.5.0.2</span><table class="report" border="0" cellspacing="2" id="idp6746465968">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Note 1 - Nature of Business and Significant Accounting Policies (Details Textual)<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
<th class="th" colspan="1"></th>
</tr>
<tr>
<th class="th">
<div>Aug. 31, 2016 </div>
<div>USD ($)</div>
</th>
<th class="th">
<div>Aug. 31, 2015 </div>
<div>USD ($)</div>
</th>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RangeAxis=us-gaap_MaximumMember', window );">Maximum [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MinorityInterestOwnershipPercentageByParent', window );">Noncontrolling Interest, Ownership Percentage by Parent</a></td>
<td class="nump">50.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis=ntic_ZerustBrazilMember', window );">Zerust Brazil [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EquityMethodInvestmentOwnershipPercentage', window );">Equity Method Investment, Ownership Percentage</a></td>
<td class="nump">85.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis=ntic_NTIAseanLLCMember', window );">NTI Asean LLC [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EquityMethodInvestmentOwnershipPercentage', window );">Equity Method Investment, Ownership Percentage</a></td>
<td class="nump">60.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis=ntic_NaturTecMember', window );">NaturTec [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EquityMethodInvestmentOwnershipPercentage', window );">Equity Method Investment, Ownership Percentage</a></td>
<td class="nump">90.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AllowanceForDoubtfulAccountsReceivable', window );">Allowance for Doubtful Accounts Receivable</a></td>
<td class="nump">$ 40,000<span></span>
</td>
<td class="nump">$ 40,000<span></span>
</td>
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<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NumberOfCountriesInWhichEntityOperates', window );">Number of Countries in which Entity Operates</a></td>
<td class="nump">60<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NumberOfOperatingSegments', window );">Number of Operating Segments</a></td>
<td class="nump">2<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
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<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ntic_NumberOfJointVentureArrangements', window );">Number of Joint Venture Arrangements</a></td>
<td class="nump">19<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
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<div style="display: none;">
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Number of active joint venture arrangements the company participates, either directly or indirectly.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>For an unclassified balance sheet, a valuation allowance for receivables due a company that are expected to be uncollectible.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 310<br> -SubTopic 10<br> -Section 50<br> -Paragraph 4<br> -URI http://asc.fasb.org/extlink&amp;oid=66008989&amp;loc=d3e5074-111524<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.4)<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The percentage of ownership of common stock or equity participation in the investee accounted for under the equity method of accounting.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 323<br> -SubTopic 10<br> -Section 50<br> -Paragraph 3<br> -Subparagraph (a)(1)<br> -URI http://asc.fasb.org/extlink&amp;oid=66011266&amp;loc=d3e33918-111571<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The parent entity's interest in net assets of the subsidiary, expressed as a percentage.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_MinorityInterestOwnershipPercentageByParent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NumberOfCountriesInWhichEntityOperates">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The number of countries in which the entity operates as of balance sheet date.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_NumberOfCountriesInWhichEntityOperates</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:integerItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NumberOfOperatingSegments">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Number of operating segments. An operating segment is a component of an enterprise: (a) that engages in business activities from which it may earn revenues and incur expenses (including revenues and expenses relating to transactions with other components of the same enterprise), (b) whose operating results are regularly reviewed by the enterprise's chief operating decision maker to make decisions about resources to be allocated to the segment and assess its performance, and (c) for which discrete financial information is available. An operating segment may engage in business activities for which it has yet to earn revenues, for example, start-up operations may be operating segments before earning revenues.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_NumberOfOperatingSegments</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:integerItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RangeAxis=us-gaap_MaximumMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RangeAxis=us-gaap_MaximumMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis=ntic_ZerustBrazilMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis=ntic_ZerustBrazilMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis=ntic_NTIAseanLLCMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis=ntic_NTIAseanLLCMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis=ntic_NaturTecMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis=ntic_NaturTecMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>58
<FILENAME>R42.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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</head>
<body>
<span style="display: none;">v3.5.0.2</span><table class="report" border="0" cellspacing="2" id="idp6747169552">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Note 1 - Nature of Business and Significant Accounting Policies - Property and Equipment, Useful Life (Details)<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th"><div>Aug. 31, 2016</div></th></tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PropertyPlantAndEquipmentByTypeAxis=us-gaap_BuildingAndBuildingImprovementsMember', window );">Building and Building Improvements [Member] | Minimum [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PropertyPlantAndEquipmentUsefulLife', window );">Property and equipment</a></td>
<td class="text">5 years<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PropertyPlantAndEquipmentByTypeAxis=us-gaap_BuildingAndBuildingImprovementsMember', window );">Building and Building Improvements [Member] | Maximum [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PropertyPlantAndEquipmentUsefulLife', window );">Property and equipment</a></td>
<td class="text">30 years<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PropertyPlantAndEquipmentByTypeAxis=us-gaap_MachineryAndEquipmentMember', window );">Machinery and Equipment [Member] | Minimum [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PropertyPlantAndEquipmentUsefulLife', window );">Property and equipment</a></td>
<td class="text">3 years<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PropertyPlantAndEquipmentByTypeAxis=us-gaap_MachineryAndEquipmentMember', window );">Machinery and Equipment [Member] | Maximum [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PropertyPlantAndEquipmentUsefulLife', window );">Property and equipment</a></td>
<td class="text">10 years<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PropertyPlantAndEquipmentUsefulLife">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Useful life of long lived, physical assets used in the normal conduct of business and not intended for resale, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. Examples include, but not limited to, land, buildings, machinery and equipment, office equipment, furniture and fixtures, and computer equipment.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PropertyPlantAndEquipmentUsefulLife</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:durationItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PropertyPlantAndEquipmentByTypeAxis=us-gaap_BuildingAndBuildingImprovementsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PropertyPlantAndEquipmentByTypeAxis=us-gaap_BuildingAndBuildingImprovementsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RangeAxis=us-gaap_MinimumMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RangeAxis=us-gaap_MinimumMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RangeAxis=us-gaap_MaximumMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RangeAxis=us-gaap_MaximumMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PropertyPlantAndEquipmentByTypeAxis=us-gaap_MachineryAndEquipmentMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PropertyPlantAndEquipmentByTypeAxis=us-gaap_MachineryAndEquipmentMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>59
<FILENAME>R43.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
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							e.nextSibling.style.display='block';
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</head>
<body>
<span style="display: none;">v3.5.0.2</span><table class="report" border="0" cellspacing="2" id="idp6638784672">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Note 3 - Inventories - Inventories (Details) - USD ($)<br></strong></div></th>
<th class="th"><div>Aug. 31, 2016</div></th>
<th class="th"><div>Aug. 31, 2015</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InventoryRawMaterialsNetOfReserves', window );">Production materials</a></td>
<td class="nump">$ 1,452,396<span></span>
</td>
<td class="nump">$ 1,445,014<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InventoryFinishedGoodsNetOfReserves', window );">Finished goods</a></td>
<td class="nump">6,258,891<span></span>
</td>
<td class="nump">6,023,427<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InventoryNet', window );">Inventories</a></td>
<td class="nump">$ 7,711,287<span></span>
</td>
<td class="nump">$ 7,468,441<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_InventoryFinishedGoodsNetOfReserves">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Carrying amount, net of valuation reserves and adjustments, as of the balance sheet date of merchandise or goods held by the company that are readily available for sale.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(6)(a)(1))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 330<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SAB Topic 5.BB)<br> -URI http://asc.fasb.org/extlink&amp;oid=27011343&amp;loc=d3e100047-122729<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_InventoryFinishedGoodsNetOfReserves</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_InventoryNet">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount after valuation and LIFO reserves of inventory expected to be sold, or consumed within one year or operating cycle, if longer.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.6(a))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 330<br> -SubTopic 10<br> -Section 35<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=68049868&amp;loc=d3e3927-108312<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section 45<br> -Paragraph 1<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=28358313&amp;loc=d3e6676-107765<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_InventoryNet</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_InventoryRawMaterialsNetOfReserves">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Carrying amount, net of valuation reserves and adjustments, as of the balance sheet date of unprocessed items to be consumed in the manufacturing or production process.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(6)(a)(4))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 330<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SAB Topic 5.BB)<br> -URI http://asc.fasb.org/extlink&amp;oid=27011343&amp;loc=d3e100047-122729<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_InventoryRawMaterialsNetOfReserves</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
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<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
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<td><strong> Period Type:</strong></td>
<td>instant</td>
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</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>60
<FILENAME>R44.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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<body>
<span style="display: none;">v3.5.0.2</span><table class="report" border="0" cellspacing="2" id="idp6919657536">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Note 4 - Property and Equipment, Net - Components of Property and Equipment, Net (Details) - USD ($)<br></strong></div></th>
<th class="th"><div>Aug. 31, 2016</div></th>
<th class="th"><div>Aug. 31, 2015</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_Land', window );">Land</a></td>
<td class="nump">$ 310,365<span></span>
</td>
<td class="nump">$ 310,365<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_BuildingsAndImprovementsGross', window );">Buildings and improvements</a></td>
<td class="nump">6,528,252<span></span>
</td>
<td class="nump">6,180,089<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MachineryAndEquipmentGross', window );">Machinery and equipment</a></td>
<td class="nump">3,590,063<span></span>
</td>
<td class="nump">4,090,619<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PropertyPlantAndEquipmentGross', window );">Gross</a></td>
<td class="nump">10,428,680<span></span>
</td>
<td class="nump">10,581,073<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment', window );">Less accumulated depreciation</a></td>
<td class="num">(3,152,808)<span></span>
</td>
<td class="num">(3,287,910)<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PropertyPlantAndEquipmentNet', window );">Net</a></td>
<td class="nump">$ 7,275,872<span></span>
</td>
<td class="nump">$ 7,293,163<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of accumulated depreciation, depletion and amortization for physical assets used in the normal conduct of business to produce goods and services.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 360<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (c)<br> -URI http://asc.fasb.org/extlink&amp;oid=6391035&amp;loc=d3e2868-110229<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.14)<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_BuildingsAndImprovementsGross">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount before accumulated depreciation of building structures held for productive use including addition, improvement, or renovation to the structure, including, but not limited to, interior masonry, interior flooring, electrical, and plumbing.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section 45<br> -Paragraph 4<br> -Subparagraph (f)<br> -URI http://asc.fasb.org/extlink&amp;oid=28358313&amp;loc=d3e6812-107765<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 360<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=6391035&amp;loc=d3e2868-110229<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_BuildingsAndImprovementsGross</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_Land">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount before accumulated depletion of real estate held for productive use, excluding land held for sale.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section 45<br> -Paragraph 4<br> -Subparagraph (e)<br> -URI http://asc.fasb.org/extlink&amp;oid=28358313&amp;loc=d3e6812-107765<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.13)<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_Land</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_MachineryAndEquipmentGross">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount before accumulated depreciation of tangible personal property used to produce goods and services, including, but is not limited to, tools, dies and molds, computer and office equipment.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section 45<br> -Paragraph 4<br> -Subparagraph (f)<br> -URI http://asc.fasb.org/extlink&amp;oid=28358313&amp;loc=d3e6812-107765<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 360<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=6391035&amp;loc=d3e2868-110229<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_MachineryAndEquipmentGross</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PropertyPlantAndEquipmentGross">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount before accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 360<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=6391035&amp;loc=d3e2868-110229<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.13)<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PropertyPlantAndEquipmentGross</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
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<tr>
<td><strong> Data Type:</strong></td>
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</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PropertyPlantAndEquipmentNet">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(13))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(14))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-03(a)(8))<br> -URI http://asc.fasb.org/extlink&amp;oid=6879938&amp;loc=d3e572229-122910<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 360<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=6391035&amp;loc=d3e2868-110229<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PropertyPlantAndEquipmentNet</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
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<td>xbrli:monetaryItemType</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
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<span style="display: none;">v3.5.0.2</span><table class="report" border="0" cellspacing="2" id="idp6746934464">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Note 5 - Patents and Trademarks, Net (Details Textual) - USD ($)<br></strong></div></th>
<th class="th" colspan="2">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Aug. 31, 2016</div></th>
<th class="th"><div>Aug. 31, 2015</div></th>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FiniteLivedIntangibleAssetsByMajorClassAxis=ntic_PatentsAndTrademarksMember', window );">Patents and Trademarks [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo', window );">Finite-Lived Intangible Assets, Amortization Expense, Year Two</a></td>
<td class="nump">$ 120,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearThree', window );">Finite-Lived Intangible Assets, Amortization Expense, Year Three</a></td>
<td class="nump">120,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearFour', window );">Finite-Lived Intangible Assets, Amortization Expense, Year Four</a></td>
<td class="nump">120,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearFive', window );">Finite-Lived Intangible Assets, Amortization Expense, Year Five</a></td>
<td class="nump">$ 120,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FiniteLivedIntangibleAssetUsefulLife', window );">Finite-Lived Intangible Asset, Useful Life</a></td>
<td class="text">7 years<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AdjustmentForAmortization', window );">Amortization</a></td>
<td class="nump">$ 119,032<span></span>
</td>
<td class="nump">$ 87,663<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths', window );">Finite-Lived Intangible Assets, Amortization Expense, Next Twelve Months</a></td>
<td class="nump">120,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AdjustmentForAmortization', window );">Amortization</a></td>
<td class="nump">$ 119,032<span></span>
</td>
<td class="nump">$ 87,663<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AdjustmentForAmortization">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The aggregate amount of recurring noncash expense charged against earnings in the period to allocate the cost of assets over their estimated remaining economic lives.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 28<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=66902209&amp;loc=d3e3602-108585<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 350<br> -SubTopic 30<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (a)(2)<br> -URI http://asc.fasb.org/extlink&amp;oid=66006027&amp;loc=d3e16323-109275<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AdjustmentForAmortization</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FiniteLivedIntangibleAssetUsefulLife">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Useful life of finite-lived intangible assets, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FiniteLivedIntangibleAssetUsefulLife</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:durationItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of amortization expense for assets, excluding financial assets and goodwill, lacking physical substance with a finite life expected to be recognized during the next fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 350<br> -SubTopic 30<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (a)(3)<br> -URI http://asc.fasb.org/extlink&amp;oid=66006027&amp;loc=d3e16323-109275<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearFive">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of amortization expense for assets, excluding financial assets and goodwill, lacking physical substance with a finite life expected to be recognized during the fifth fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 350<br> -SubTopic 30<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (a)(3)<br> -URI http://asc.fasb.org/extlink&amp;oid=66006027&amp;loc=d3e16323-109275<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearFive</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearFour">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of amortization expense for assets, excluding financial assets and goodwill, lacking physical substance with a finite life expected to be recognized during the fourth fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 350<br> -SubTopic 30<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (a)(3)<br> -URI http://asc.fasb.org/extlink&amp;oid=66006027&amp;loc=d3e16323-109275<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearFour</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
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<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearThree">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of amortization expense for assets, excluding financial assets and goodwill, lacking physical substance with a finite life expected to be recognized during the third fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 350<br> -SubTopic 30<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (a)(3)<br> -URI http://asc.fasb.org/extlink&amp;oid=66006027&amp;loc=d3e16323-109275<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearThree</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of amortization expense for assets, excluding financial assets and goodwill, lacking physical substance with a finite life expected to be recognized during the second fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 350<br> -SubTopic 30<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (a)(3)<br> -URI http://asc.fasb.org/extlink&amp;oid=66006027&amp;loc=d3e16323-109275<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
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<td><strong> Period Type:</strong></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FiniteLivedIntangibleAssetsByMajorClassAxis=ntic_PatentsAndTrademarksMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
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<td><strong> Data Type:</strong></td>
<td>na</td>
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<td></td>
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<head>
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<span style="display: none;">v3.5.0.2</span><table class="report" border="0" cellspacing="2" id="idp6919510704">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Note 5 - Patents and Trademarks, Net - Patents and Trademarks, Net (Details) - USD ($)<br></strong></div></th>
<th class="th"><div>Aug. 31, 2016</div></th>
<th class="th"><div>Aug. 31, 2015</div></th>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FiniteLivedIntangibleAssetsByMajorClassAxis=ntic_PatentsAndTrademarksMember', window );">Patents and Trademarks [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FiniteLivedIntangibleAssetsGross', window );">Patents and trademarks</a></td>
<td class="nump">$ 2,575,435<span></span>
</td>
<td class="nump">$ 2,440,022<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FiniteLivedIntangibleAssetsAccumulatedAmortization', window );">Less accumulated amortization</a></td>
<td class="num">(1,296,838)<span></span>
</td>
<td class="num">(1,177,803)<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FiniteLivedIntangibleAssetsNet', window );">Patents and trademarkes, net</a></td>
<td class="nump">1,278,597<span></span>
</td>
<td class="nump">1,262,219<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FiniteLivedIntangibleAssetsNet', window );">Patents and trademarkes, net</a></td>
<td class="nump">$ 1,278,597<span></span>
</td>
<td class="nump">$ 1,262,219<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FiniteLivedIntangibleAssetsAccumulatedAmortization">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Accumulated amount of amortization of assets, excluding financial assets and goodwill, lacking physical substance with a finite life.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 350<br> -SubTopic 30<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (a)(1)<br> -URI http://asc.fasb.org/extlink&amp;oid=66006027&amp;loc=d3e16323-109275<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FiniteLivedIntangibleAssetsAccumulatedAmortization</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
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<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
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<td><strong> Period Type:</strong></td>
<td>instant</td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FiniteLivedIntangibleAssetsGross">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount before amortization of assets, excluding financial assets and goodwill, lacking physical substance with a finite life.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 350<br> -SubTopic 30<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (a)(1)<br> -URI http://asc.fasb.org/extlink&amp;oid=66006027&amp;loc=d3e16323-109275<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FiniteLivedIntangibleAssetsGross</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FiniteLivedIntangibleAssetsNet">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount after amortization of assets, excluding financial assets and goodwill, lacking physical substance with a finite life.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 350<br> -SubTopic 30<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (a)(1)<br> -URI http://asc.fasb.org/extlink&amp;oid=66006027&amp;loc=d3e16323-109275<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FiniteLivedIntangibleAssetsNet</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FiniteLivedIntangibleAssetsByMajorClassAxis=ntic_PatentsAndTrademarksMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FiniteLivedIntangibleAssetsByMajorClassAxis=ntic_PatentsAndTrademarksMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
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<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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<span style="display: none;">v3.5.0.2</span><table class="report" border="0" cellspacing="2" id="idp6919851168">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Note 6 - Investments in Joint Ventures (Details Textual) - USD ($)<br></strong></div></th>
<th class="th" colspan="1"></th>
<th class="th" colspan="2">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Nov. 30, 2013</div></th>
<th class="th"><div>Aug. 31, 2016</div></th>
<th class="th"><div>Aug. 31, 2015</div></th>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesLoansAndFinancingReceivablesByLegalEntityOfCounterpartyTypeAxis=ntic_MutecMember', window );">Mutec [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NotesReceivableNet', window );">Financing Receivable, Net</a></td>
<td class="nump">$ 168,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ntic_NotesReceivableTerm', window );">Notes Receivable Term</a></td>
<td class="text">4 years<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DueFromJointVentures', window );">Due from Joint Ventures</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 92,874<span></span>
</td>
<td class="nump">$ 125,891<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PaymentsToAcquireInterestInJointVenture', window );">Payments to Acquire Interest in Joint Venture</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 0<span></span>
</td>
<td class="nump">$ 0<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ntic_NotesReceivableTerm">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Represents the repayment term.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ntic_NotesReceivableTerm</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ntic_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:durationItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DueFromJointVentures">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>For an unclassified balance sheet, amounts due from an entity in which the reporting entity shares joint control with another party or group.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 850<br> -SubTopic 10<br> -Section 50<br> -Paragraph 4<br> -Subparagraph (c)<br> -URI http://asc.fasb.org/extlink&amp;oid=6457730&amp;loc=d3e39622-107864<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 850<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (d)<br> -URI http://asc.fasb.org/extlink&amp;oid=6457730&amp;loc=d3e39549-107864<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 850<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=6457730&amp;loc=d3e39599-107864<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-03.3)<br> -URI http://asc.fasb.org/extlink&amp;oid=6879938&amp;loc=d3e572229-122910<br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 235<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.4-08.(k)(1))<br> -URI http://asc.fasb.org/extlink&amp;oid=26873400&amp;loc=d3e23780-122690<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DueFromJointVentures</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NotesReceivableNet">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Net amount of the investment in a contractual right to receive money on demand or on fixed or determinable dates that is recognized as an asset in the creditor's statement of financial position. Examples include, but are not limited to, credit card receivables, notes receivable and receivables relating to lessor's rights to payments from leases other than operating leases that have been recorded as assets. Excludes trade accounts receivable with contractual maturity of one year or less and arose from the sale of goods or services.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.3)<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_NotesReceivableNet</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PaymentsToAcquireInterestInJointVenture">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash outflow associated with the investment in or advances to an entity in which the reporting entity shares control of the entity with another party or group.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 13<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=66902209&amp;loc=d3e3213-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PaymentsToAcquireInterestInJointVenture</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AccountsNotesLoansAndFinancingReceivablesByLegalEntityOfCounterpartyTypeAxis=ntic_MutecMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AccountsNotesLoansAndFinancingReceivablesByLegalEntityOfCounterpartyTypeAxis=ntic_MutecMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
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<FILENAME>R48.htm
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<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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<span style="display: none;">v3.5.0.2</span><table class="report" border="0" cellspacing="2" id="idp6758747680">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Note 6 - Investments in Joint Ventures - Condensed Balance Sheet of EXCOR and All Other Joint Ventures (Details) - USD ($)<br></strong></div></th>
<th class="th" colspan="2">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Aug. 31, 2016</div></th>
<th class="th"><div>Aug. 31, 2015</div></th>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis=ntic_EXCORMember', window );">EXCOR [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EquityMethodInvestmentSummarizedFinancialInformationCurrentAssets', window );">Current assets</a></td>
<td class="nump">$ 22,928,810<span></span>
</td>
<td class="nump">$ 22,620,323<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EquityMethodInvestmentSummarizedFinancialInformationAssets', window );">Total assets</a></td>
<td class="nump">24,733,340<span></span>
</td>
<td class="nump">24,606,880<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EquityMethodInvestmentSummarizedFinancialInformationCurrentLiabilities', window );">Current liabilities</a></td>
<td class="nump">3,485,231<span></span>
</td>
<td class="nump">3,360,142<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EquityMethodInvestmentSummarizedFinancialInformationNoncurrentLiabilities', window );">Noncurrent liabilities</a></td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EquityMethodInvestmentSummarizedFinancialInformationEquity', window );">Joint ventures&#8217; equity</a></td>
<td class="nump">21,248,109<span></span>
</td>
<td class="nump">21,246,738<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EquityMethodInvestmentUnderlyingEquityInNetAssets', window );">Northern Technologies International Corporation&#8217;s share of joint ventures&#8217; equity</a></td>
<td class="nump">10,624,056<span></span>
</td>
<td class="nump">11,571,361<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RetainedEarningsUndistributedEarningsFromEquityMethodInvestees', window );">Northern Technologies International Corporation's share of joint ventures&#8217; undistributed earnings</a></td>
<td class="nump">10,593,151<span></span>
</td>
<td class="nump">11,540,456<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EquityMethodInvestmentDividendsOrDistributions', window );">Northern Technologies International Corporation's dividends received from joint ventures</a></td>
<td class="nump">4,364,700<span></span>
</td>
<td class="nump">2,440,200<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis=ntic_AllOtherMember', window );">All Other [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EquityMethodInvestmentSummarizedFinancialInformationCurrentAssets', window );">Current assets</a></td>
<td class="nump">25,994,114<span></span>
</td>
<td class="nump">26,674,793<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EquityMethodInvestmentSummarizedFinancialInformationAssets', window );">Total assets</a></td>
<td class="nump">27,673,686<span></span>
</td>
<td class="nump">28,247,058<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EquityMethodInvestmentSummarizedFinancialInformationCurrentLiabilities', window );">Current liabilities</a></td>
<td class="nump">8,948,469<span></span>
</td>
<td class="nump">8,928,241<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EquityMethodInvestmentSummarizedFinancialInformationNoncurrentLiabilities', window );">Noncurrent liabilities</a></td>
<td class="nump">100,783<span></span>
</td>
<td class="nump">1,215,139<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EquityMethodInvestmentSummarizedFinancialInformationEquity', window );">Joint ventures&#8217; equity</a></td>
<td class="nump">18,624,434<span></span>
</td>
<td class="nump">18,103,679<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EquityMethodInvestmentUnderlyingEquityInNetAssets', window );">Northern Technologies International Corporation&#8217;s share of joint ventures&#8217; equity</a></td>
<td class="nump">9,216,728<span></span>
</td>
<td class="nump">8,972,877<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RetainedEarningsUndistributedEarningsFromEquityMethodInvestees', window );">Northern Technologies International Corporation's share of joint ventures&#8217; undistributed earnings</a></td>
<td class="nump">7,186,761<span></span>
</td>
<td class="nump">6,942,921<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EquityMethodInvestmentDividendsOrDistributions', window );">Northern Technologies International Corporation's dividends received from joint ventures</a></td>
<td class="nump">1,165,614<span></span>
</td>
<td class="nump">543,138<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EquityMethodInvestmentSummarizedFinancialInformationCurrentAssets', window );">Current assets</a></td>
<td class="nump">48,922,924<span></span>
</td>
<td class="nump">49,295,116<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EquityMethodInvestmentSummarizedFinancialInformationAssets', window );">Total assets</a></td>
<td class="nump">52,407,026<span></span>
</td>
<td class="nump">52,853,938<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EquityMethodInvestmentSummarizedFinancialInformationCurrentLiabilities', window );">Current liabilities</a></td>
<td class="nump">12,433,700<span></span>
</td>
<td class="nump">12,288,383<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EquityMethodInvestmentSummarizedFinancialInformationNoncurrentLiabilities', window );">Noncurrent liabilities</a></td>
<td class="nump">100,783<span></span>
</td>
<td class="nump">1,215,139<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EquityMethodInvestmentSummarizedFinancialInformationEquity', window );">Joint ventures&#8217; equity</a></td>
<td class="nump">39,872,543<span></span>
</td>
<td class="nump">39,350,417<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EquityMethodInvestmentUnderlyingEquityInNetAssets', window );">Northern Technologies International Corporation&#8217;s share of joint ventures&#8217; equity</a></td>
<td class="nump">19,840,774<span></span>
</td>
<td class="nump">20,544,238<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RetainedEarningsUndistributedEarningsFromEquityMethodInvestees', window );">Northern Technologies International Corporation's share of joint ventures&#8217; undistributed earnings</a></td>
<td class="nump">17,779,912<span></span>
</td>
<td class="nump">18,483,377<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EquityMethodInvestmentDividendsOrDistributions', window );">Northern Technologies International Corporation's dividends received from joint ventures</a></td>
<td class="nump">$ 5,503,314<span></span>
</td>
<td class="nump">$ 2,983,338<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_EquityMethodInvestmentDividendsOrDistributions">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>This item represents disclosure of the amount of dividends or other distributions received from unconsolidated subsidiaries, certain corporate joint ventures, and certain noncontrolled corporation; these investments are accounted for under the equity method of accounting. This element excludes distributions that constitute a return of investment, which are classified as investing activities.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 225<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-04(10))<br> -URI http://asc.fasb.org/extlink&amp;oid=6879464&amp;loc=d3e573970-122913<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 28<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=66902209&amp;loc=d3e3602-108585<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 225<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03(12))<br> -URI http://asc.fasb.org/extlink&amp;oid=63488584&amp;loc=d3e20235-122688<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_EquityMethodInvestmentDividendsOrDistributions</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_EquityMethodInvestmentSummarizedFinancialInformationAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of assets reported by an equity method investment of the entity.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 323<br> -SubTopic 10<br> -Section 50<br> -Paragraph 3<br> -Subparagraph (c)<br> -URI http://asc.fasb.org/extlink&amp;oid=66011266&amp;loc=d3e33918-111571<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 825<br> -SubTopic 10<br> -Section 50<br> -Paragraph 28<br> -Subparagraph (f)<br> -URI http://asc.fasb.org/extlink&amp;oid=6957238&amp;loc=d3e14064-108612<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 205<br> -SubTopic 20<br> -Section 50<br> -Paragraph 7<br> -URI http://asc.fasb.org/extlink&amp;oid=64827811&amp;loc=SL51721683-107760<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 323<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=66011266&amp;loc=d3e33912-111571<br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 235<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.4-08(g))<br> -URI http://asc.fasb.org/extlink&amp;oid=26873400&amp;loc=d3e23780-122690<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_EquityMethodInvestmentSummarizedFinancialInformationAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_EquityMethodInvestmentSummarizedFinancialInformationCurrentAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of current assets reported by an equity method investment of the entity.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 323<br> -SubTopic 10<br> -Section 50<br> -Paragraph 3<br> -Subparagraph (c)<br> -URI http://asc.fasb.org/extlink&amp;oid=66011266&amp;loc=d3e33918-111571<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 235<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.4-08(g))<br> -URI http://asc.fasb.org/extlink&amp;oid=26873400&amp;loc=d3e23780-122690<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 323<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=66011266&amp;loc=d3e33912-111571<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 825<br> -SubTopic 10<br> -Section 50<br> -Paragraph 28<br> -Subparagraph (f)<br> -URI http://asc.fasb.org/extlink&amp;oid=6957238&amp;loc=d3e14064-108612<br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 205<br> -SubTopic 20<br> -Section 50<br> -Paragraph 7<br> -URI http://asc.fasb.org/extlink&amp;oid=64827811&amp;loc=SL51721683-107760<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_EquityMethodInvestmentSummarizedFinancialInformationCurrentAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_EquityMethodInvestmentSummarizedFinancialInformationCurrentLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of current liabilities reported by an equity method investment of the entity.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 323<br> -SubTopic 10<br> -Section 50<br> -Paragraph 3<br> -Subparagraph (c)<br> -URI http://asc.fasb.org/extlink&amp;oid=66011266&amp;loc=d3e33918-111571<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 323<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=66011266&amp;loc=d3e33912-111571<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 235<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.4-08(g))<br> -URI http://asc.fasb.org/extlink&amp;oid=26873400&amp;loc=d3e23780-122690<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 205<br> -SubTopic 20<br> -Section 50<br> -Paragraph 7<br> -URI http://asc.fasb.org/extlink&amp;oid=64827811&amp;loc=SL51721683-107760<br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 825<br> -SubTopic 10<br> -Section 50<br> -Paragraph 28<br> -Subparagraph (f)<br> -URI http://asc.fasb.org/extlink&amp;oid=6957238&amp;loc=d3e14064-108612<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_EquityMethodInvestmentSummarizedFinancialInformationCurrentLiabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_EquityMethodInvestmentSummarizedFinancialInformationEquity">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of equity, including noncontrolling interest, reported by an equity method investment of the entity.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 323<br> -SubTopic 10<br> -Section 50<br> -Paragraph 3<br> -Subparagraph (c)<br> -URI http://asc.fasb.org/extlink&amp;oid=66011266&amp;loc=d3e33918-111571<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 825<br> -SubTopic 10<br> -Section 50<br> -Paragraph 28<br> -URI http://asc.fasb.org/extlink&amp;oid=6957238&amp;loc=d3e14064-108612<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 235<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.4-08.g)<br> -URI http://asc.fasb.org/extlink&amp;oid=26873400&amp;loc=d3e23780-122690<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 205<br> -SubTopic 20<br> -Section 50<br> -Paragraph 7<br> -URI http://asc.fasb.org/extlink&amp;oid=64827811&amp;loc=SL51721683-107760<br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 825<br> -SubTopic 10<br> -Section 50<br> -Paragraph 28<br> -Subparagraph (f)<br> -URI http://asc.fasb.org/extlink&amp;oid=6957238&amp;loc=d3e14064-108612<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_EquityMethodInvestmentSummarizedFinancialInformationEquity</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_EquityMethodInvestmentSummarizedFinancialInformationNoncurrentLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of noncurrent liabilities reported by an equity method investment of the entity.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 323<br> -SubTopic 10<br> -Section 50<br> -Paragraph 3<br> -Subparagraph (c)<br> -URI http://asc.fasb.org/extlink&amp;oid=66011266&amp;loc=d3e33918-111571<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 205<br> -SubTopic 20<br> -Section 50<br> -Paragraph 7<br> -URI http://asc.fasb.org/extlink&amp;oid=64827811&amp;loc=SL51721683-107760<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 825<br> -SubTopic 10<br> -Section 50<br> -Paragraph 28<br> -Subparagraph (f)<br> -URI http://asc.fasb.org/extlink&amp;oid=6957238&amp;loc=d3e14064-108612<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 323<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=66011266&amp;loc=d3e33912-111571<br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 235<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.4-08(g))<br> -URI http://asc.fasb.org/extlink&amp;oid=26873400&amp;loc=d3e23780-122690<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_EquityMethodInvestmentSummarizedFinancialInformationNoncurrentLiabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_EquityMethodInvestmentUnderlyingEquityInNetAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>This item represents the entity's ownership percentage in the investee multiplied by the investee's total equity.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 323<br> -SubTopic 10<br> -Section 50<br> -Paragraph 3<br> -Subparagraph (a)(3)<br> -URI http://asc.fasb.org/extlink&amp;oid=66011266&amp;loc=d3e33918-111571<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_EquityMethodInvestmentUnderlyingEquityInNetAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RetainedEarningsUndistributedEarningsFromEquityMethodInvestees">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of consolidated retained earnings that represent undistributed (not yet received) earnings from 50% or less owned persons accounted for by the equity method (equity method investees).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 852<br> -SubTopic 20<br> -Section 50<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=6462270&amp;loc=d3e57205-112772<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RetainedEarningsUndistributedEarningsFromEquityMethodInvestees</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis=ntic_EXCORMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
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<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis=ntic_AllOtherMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
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<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
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<head>
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<span style="display: none;">v3.5.0.2</span><table class="report" border="0" cellspacing="2" id="idp6759321248">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Note 6 - Condensed Income Statement of EXCOR and All Other Joint Ventures (Details) - USD ($)<br></strong></div></th>
<th class="th" colspan="2">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Aug. 31, 2016</div></th>
<th class="th"><div>Aug. 31, 2015</div></th>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis=ntic_EXCORMember', window );">EXCOR [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EquityMethodInvestmentSummarizedFinancialInformationRevenue', window );">Net sales</a></td>
<td class="nump">$ 35,138,214<span></span>
</td>
<td class="nump">$ 36,872,664<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EquityMethodInvestmentSummarizedFinancialInformationGrossProfitLoss', window );">Gross profit</a></td>
<td class="nump">18,635,421<span></span>
</td>
<td class="nump">19,993,763<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EquityMethodInvestmentSummarizedFinancialInformationNetIncomeLoss', window );">Net income</a></td>
<td class="nump">7,049,462<span></span>
</td>
<td class="nump">8,201,659<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeLossFromEquityMethodInvestments', window );">Northern Technologies International Corporation&#8217;s share of equity in income from joint ventures</a></td>
<td class="nump">3,534,113<span></span>
</td>
<td class="nump">4,091,608<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis=ntic_AllOtherMember', window );">All Other [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EquityMethodInvestmentSummarizedFinancialInformationRevenue', window );">Net sales</a></td>
<td class="nump">55,508,619<span></span>
</td>
<td class="nump">62,153,587<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EquityMethodInvestmentSummarizedFinancialInformationGrossProfitLoss', window );">Gross profit</a></td>
<td class="nump">21,805,305<span></span>
</td>
<td class="nump">28,403,555<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EquityMethodInvestmentSummarizedFinancialInformationNetIncomeLoss', window );">Net income</a></td>
<td class="nump">2,485,309<span></span>
</td>
<td class="nump">3,647,448<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeLossFromEquityMethodInvestments', window );">Northern Technologies International Corporation&#8217;s share of equity in income from joint ventures</a></td>
<td class="nump">1,209,718<span></span>
</td>
<td class="nump">1,844,957<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EquityMethodInvestmentSummarizedFinancialInformationRevenue', window );">Net sales</a></td>
<td class="nump">90,646,833<span></span>
</td>
<td class="nump">99,026,251<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EquityMethodInvestmentSummarizedFinancialInformationGrossProfitLoss', window );">Gross profit</a></td>
<td class="nump">40,440,726<span></span>
</td>
<td class="nump">48,397,318<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EquityMethodInvestmentSummarizedFinancialInformationNetIncomeLoss', window );">Net income</a></td>
<td class="nump">9,534,771<span></span>
</td>
<td class="nump">11,849,107<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeLossFromEquityMethodInvestments', window );">Northern Technologies International Corporation&#8217;s share of equity in income from joint ventures</a></td>
<td class="nump">$ 4,743,831<span></span>
</td>
<td class="nump">$ 5,936,565<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_EquityMethodInvestmentSummarizedFinancialInformationGrossProfitLoss">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of gross profit (loss) reported by an equity method investment of the entity.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 205<br> -SubTopic 20<br> -Section 50<br> -Paragraph 7<br> -URI http://asc.fasb.org/extlink&amp;oid=64827811&amp;loc=SL51721683-107760<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 323<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=66011266&amp;loc=d3e33912-111571<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 235<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.4-08(g))<br> -URI http://asc.fasb.org/extlink&amp;oid=26873400&amp;loc=d3e23780-122690<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 323<br> -SubTopic 10<br> -Section 50<br> -Paragraph 3<br> -Subparagraph (c)<br> -URI http://asc.fasb.org/extlink&amp;oid=66011266&amp;loc=d3e33918-111571<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_EquityMethodInvestmentSummarizedFinancialInformationGrossProfitLoss</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_EquityMethodInvestmentSummarizedFinancialInformationNetIncomeLoss">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of net income (loss) reported by an equity method investment of the entity.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 205<br> -SubTopic 20<br> -Section 50<br> -Paragraph 7<br> -URI http://asc.fasb.org/extlink&amp;oid=64827811&amp;loc=SL51721683-107760<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 825<br> -SubTopic 10<br> -Section 50<br> -Paragraph 28<br> -Subparagraph (f)<br> -URI http://asc.fasb.org/extlink&amp;oid=6957238&amp;loc=d3e14064-108612<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 323<br> -SubTopic 10<br> -Section 50<br> -Paragraph 3<br> -Subparagraph (c)<br> -URI http://asc.fasb.org/extlink&amp;oid=66011266&amp;loc=d3e33918-111571<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 235<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.4-08(g))<br> -URI http://asc.fasb.org/extlink&amp;oid=26873400&amp;loc=d3e23780-122690<br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 323<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=66011266&amp;loc=d3e33912-111571<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_EquityMethodInvestmentSummarizedFinancialInformationNetIncomeLoss</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_EquityMethodInvestmentSummarizedFinancialInformationRevenue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of revenue from sale of goods and services reduced by sales returns, allowances, and discounts reported by an equity method investment of the entity.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 205<br> -SubTopic 20<br> -Section 50<br> -Paragraph 7<br> -URI http://asc.fasb.org/extlink&amp;oid=64827811&amp;loc=SL51721683-107760<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 323<br> -SubTopic 10<br> -Section 50<br> -Paragraph 3<br> -Subparagraph (c)<br> -URI http://asc.fasb.org/extlink&amp;oid=66011266&amp;loc=d3e33918-111571<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_EquityMethodInvestmentSummarizedFinancialInformationRevenue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>This item represents the entity's proportionate share for the period of the net income (loss) of its investee (such as unconsolidated subsidiaries and joint ventures) to which the equity method of accounting is applied. This item includes income or expense related to stock-based compensation based on the investor's grant of stock to employees of an equity method investee.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 225<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03(12))<br> -URI http://asc.fasb.org/extlink&amp;oid=63488584&amp;loc=d3e20235-122688<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 225<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-04(10))<br> -URI http://asc.fasb.org/extlink&amp;oid=6879464&amp;loc=d3e573970-122913<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 28<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=66902209&amp;loc=d3e3602-108585<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 323<br> -SubTopic 10<br> -Section 45<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=66022249&amp;loc=d3e33749-111570<br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 225<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-04(13)(f))<br> -URI http://asc.fasb.org/extlink&amp;oid=6879574&amp;loc=d3e536633-122882<br></p></div>
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<span style="display: none;">v3.5.0.2</span><table class="report" border="0" cellspacing="2" id="idp6919751408">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Note 7 - China Operations (Details Textual) - USD ($)<br></strong></div></th>
<th class="th"><div>Aug. 31, 2016</div></th>
<th class="th"><div>Aug. 31, 2015</div></th>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis=ntic_TianjinZerustMember', window );">Tianjin Zerust [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CostMethodInvestments', window );">Cost Method Investments</a></td>
<td class="nump">$ 0<span></span>
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<td class="text">&#160;<span></span>
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<td class="text"> <span></span>
</td>
<td class="nump">$ 1,883,668<span></span>
</td>
</tr>
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<div style="display: none;">
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount, after adjustment, of cost-method investment. Adjustments include, but are not limited to, dividends received in excess of earnings after date of investment that are considered a return of investment and other than temporary impairments.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.12)<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 325<br> -SubTopic 20<br> -Section 50<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=6872867&amp;loc=d3e40691-111596<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 325<br> -SubTopic 20<br> -Section 35<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=29638308&amp;loc=d3e40346-111594<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
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<span style="display: none;">v3.5.0.2</span><table class="report" border="0" cellspacing="2" id="idp6747167776">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Note 7 - China Operations - Investment in Tianjin Zerust (Details) - USD ($)<br></strong></div></th>
<th class="th" colspan="2">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Aug. 31, 2016</div></th>
<th class="th"><div>Aug. 31, 2015</div></th>
</tr>
<tr class="rh">
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<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
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<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EquityMethodInvestments', window );">Equity method investment &#8211; August 31, 2015</a></td>
<td class="nump">$ 2,243,524<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_TemporaryEquityInterestInSubsidiaryEarnings', window );">Equity in earnings &#8211; fiscal year 2016</a></td>
<td class="nump">132,824<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ForeignCurrencyTransactionGainLossBeforeTax', window );">Reclassification of translation gains on foreign currency translation</a></td>
<td class="num">(492,680)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
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<td class="num">(1,883,668)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
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<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EquityMethodInvestments', window );">Investment at carrying value &#8211; August 31, 2016</a></td>
<td class="text"> <span></span>
</td>
<td class="nump">$ 2,243,524<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EquityMethodInvestments', window );">Equity method investment &#8211; August 31, 2015</a></td>
<td class="nump">20,544,238<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CostmethodInvestmentsOtherThanTemporaryImpairment', window );">Recording the impairment of the cost basis investment</a></td>
<td class="num">(1,883,668)<span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EquityMethodInvestments', window );">Investment at carrying value &#8211; August 31, 2016</a></td>
<td class="nump">$ 19,840,774<span></span>
</td>
<td class="nump">$ 20,544,238<span></span>
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<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CostmethodInvestmentsOtherThanTemporaryImpairment">
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>This item represents an other than temporary decline in value that has been recognized against an investment accounted for under the cost method of accounting. The excess of the carrying amount over the fair value of the investment represents the amount of the write down which is or was reflected in earnings. The written down value is a new cost basis with the adjusted value of the investment becoming its new carrying value. Evidence of a loss in value might include, but would not necessarily be limited to, absence of an ability to recover the carrying amount of the investment or inability of the investee to sustain an earnings capacity which would justify the carrying amount of the investment.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 325<br> -SubTopic 20<br> -Section 50<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=6872867&amp;loc=d3e40691-111596<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>This item represents the carrying amount on the entity's balance sheet of its investment in common stock of an equity method investee. This is not an indicator of the fair value of the investment, rather it is the initial cost adjusted for the entity's share of earnings and losses of the investee, adjusted for any distributions (dividends) and other than temporary impairment (OTTI) losses recognized.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 323<br> -SubTopic 10<br> -Section 45<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=66022249&amp;loc=d3e33749-111570<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.12)<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount before tax of foreign currency transaction realized and unrealized gain (loss) recognized in the income statement.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 830<br> -SubTopic 20<br> -Section 50<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=6450222&amp;loc=d3e30840-110895<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 830<br> -SubTopic 20<br> -Section 45<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=64836518&amp;loc=d3e30700-110894<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 830<br> -SubTopic 20<br> -Section 45<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=64836518&amp;loc=d3e30690-110894<br></p></div>
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<tr>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Subsidiary earnings portion attributable to temporary equity.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_TemporaryEquityInterestInSubsidiaryEarnings</td>
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<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
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<td>credit</td>
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<td><strong> Period Type:</strong></td>
<td>duration</td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis=ntic_TianjinZerustMember</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
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<td><strong> Period Type:</strong></td>
<td></td>
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<DESCRIPTION>IDEA: XBRL DOCUMENT
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<span style="display: none;">v3.5.0.2</span><table class="report" border="0" cellspacing="2" id="idp6918365952">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Note 8 - Corporate Debt (Details Textual)<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
<th class="th" colspan="1"></th>
</tr>
<tr>
<th class="th">
<div>Aug. 31, 2016 </div>
<div>USD ($)</div>
</th>
<th class="th">
<div>Aug. 31, 2015 </div>
<div>USD ($)</div>
</th>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LineOfCreditFacilityAxis=ntic_PNCBankMember', window );">PNC Bank [Member] | Revolving Credit Facility [Member] | London Interbank Offered Rate (LIBOR) [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentBasisSpreadOnVariableRate1', window );">Debt Instrument, Basis Spread on Variable Rate</a></td>
<td class="nump">2.15%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LineOfCreditFacilityAxis=ntic_PNCBankMember', window );">PNC Bank [Member] | Revolving Credit Facility [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LineOfCredit', window );">Long-term Line of Credit</a></td>
<td class="nump">$ 0<span></span>
</td>
<td class="nump">$ 0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity', window );">Line of Credit Facility, Maximum Borrowing Capacity</a></td>
<td class="nump">3,000,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LineOfCreditFacilityAxis=ntic_PNCBankMember', window );">PNC Bank [Member] | Letter of Credit [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity', window );">Line of Credit Facility, Maximum Borrowing Capacity</a></td>
<td class="nump">1,200,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LineOfCreditFacilityAxis=ntic_PNCBankMember', window );">PNC Bank [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LettersOfCreditOutstandingAmount', window );">Letters of Credit Outstanding, Amount</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">$ 0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LineOfCreditFacilityAxis=ntic_JPMorganChaseBankMember', window );">JP Morgan Chase Bank [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LettersOfCreditOutstandingAmount', window );">Letters of Credit Outstanding, Amount</a></td>
<td class="nump">$ 71,599<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentAxis=ntic_TermLoanAndLineOfCreditAgreementsLoanAgreementsMember', window );">Term Loan and Line of Credit, Agreements, Loan Agreements [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
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<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ntic_DebtInstrumentCovenantsFixedChargeCoverageRatio', window );">Debt Instrument, Covenants, Fixed Charge Coverage Ratio</a></td>
<td class="nump">1.1<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ntic_DebtInstrumentCovenantsFixedChargeCoverageRatio">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Represents the fixed charge coverage ratio for the debt instrument under the covenant terms.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ntic_DebtInstrumentCovenantsFixedChargeCoverageRatio</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ntic_</td>
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<td><strong> Data Type:</strong></td>
<td>xbrli:pureItemType</td>
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<td><strong> Balance Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DebtInstrumentBasisSpreadOnVariableRate1">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Percentage points added to the reference rate to compute the variable rate on the debt instrument.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DebtInstrumentBasisSpreadOnVariableRate1</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LettersOfCreditOutstandingAmount">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The total amount of the contingent obligation under letters of credit outstanding as of the reporting date.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LettersOfCreditOutstandingAmount</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LineOfCredit">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The carrying value as of the balance sheet date of the current and noncurrent portions of long-term obligations drawn from a line of credit, which is a bank's commitment to make loans up to a specific amount. Examples of items that might be included in the application of this element may consist of letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to a maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. Includes short-term obligations that would normally be classified as current liabilities but for which (a) postbalance sheet date issuance of a long term obligation to refinance the short term obligation on a long term basis, or (b) the enterprise has entered into a financing agreement that clearly permits the enterprise to refinance the short-term obligation on a long term basis and the following conditions are met (1) the agreement does not expire within 1 year and is not cancelable by the lender except for violation of an objectively determinable provision, (2) no violation exists at the BS date, and (3) the lender has entered into the financing agreement is expected to be financially capable of honoring the agreement.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(22))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-03(16))<br> -URI http://asc.fasb.org/extlink&amp;oid=6879938&amp;loc=d3e572229-122910<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-03(16))<br> -URI http://asc.fasb.org/extlink&amp;oid=6876686&amp;loc=d3e534808-122878<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LineOfCredit</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Maximum borrowing capacity under the credit facility without consideration of any current restrictions on the amount that could be borrowed or the amounts currently outstanding under the facility.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.19(b),22(b))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LineOfCreditFacilityAxis=ntic_PNCBankMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LineOfCreditFacilityAxis=ntic_PNCBankMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CreditFacilityAxis=us-gaap_RevolvingCreditFacilityMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CreditFacilityAxis=us-gaap_RevolvingCreditFacilityMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_VariableRateAxis=us-gaap_LondonInterbankOfferedRateLIBORMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_VariableRateAxis=us-gaap_LondonInterbankOfferedRateLIBORMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CreditFacilityAxis=us-gaap_LetterOfCreditMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CreditFacilityAxis=us-gaap_LetterOfCreditMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LineOfCreditFacilityAxis=ntic_JPMorganChaseBankMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LineOfCreditFacilityAxis=ntic_JPMorganChaseBankMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
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<tr>
<td><strong> Period Type:</strong></td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DebtInstrumentAxis=ntic_TermLoanAndLineOfCreditAgreementsLoanAgreementsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
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<span style="display: none;">v3.5.0.2</span><table class="report" border="0" cellspacing="2" id="idp6746522896">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Note 9 - Stockholders' Equity (Details Textual) - USD ($)<br></strong></div></th>
<th class="th" colspan="2">12 Months Ended</th>
<th class="th" colspan="1"></th>
</tr>
<tr>
<th class="th"><div>Aug. 31, 2016</div></th>
<th class="th"><div>Aug. 31, 2015</div></th>
<th class="th"><div>Jan. 15, 2015</div></th>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PlanNameAxis=ntic_The2007PlanMember', window );">The 2007 Plan [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross', window );">Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross</a></td>
<td class="nump">53,447<span></span>
</td>
<td class="nump">45,067<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice', window );">Share-based Compensation Arrangements by Share-based Payment Award, Options, Grants in Period, Weighted Average Exercise Price</a></td>
<td class="nump">$ 14.85<span></span>
</td>
<td class="nump">$ 20.10<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercised', window );">Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">38,333<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockRepurchaseProgramAuthorizedAmount1', window );">Stock Repurchase Program, Authorized Amount</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 3,000,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1', window );">Stock Repurchase Program, Remaining Authorized Repurchase Amount</a></td>
<td class="nump">$ 2,836,656<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockRepurchasedAndRetiredDuringPeriodShares', window );">Stock Repurchased and Retired During Period, Shares</a></td>
<td class="nump">11,211<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_TreasuryStockAcquiredAverageCostPerShare', window );">Treasury Stock Acquired, Average Cost Per Share</a></td>
<td class="nump">$ 12.40<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross', window );">Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross</a></td>
<td class="nump">53,447<span></span>
</td>
<td class="nump">45,067<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice', window );">Share-based Compensation Arrangements by Share-based Payment Award, Options, Grants in Period, Weighted Average Exercise Price</a></td>
<td class="nump">$ 14.85<span></span>
</td>
<td class="nump">$ 20.10<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue', window );">Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period, Intrinsic Value</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 297,696<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of accumulated difference between fair value of underlying shares on dates of exercise and exercise price on options exercised (or share units converted) into shares.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 718<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (d)(2)<br> -URI http://asc.fasb.org/extlink&amp;oid=6415400&amp;loc=d3e5070-113901<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Gross number of share options (or share units) granted during the period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Weighted average per share amount at which grantees can acquire shares of common stock by exercise of options.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:perShareItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercised">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Number of share options (or share units) exercised during the current period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(29))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 505<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=6928386&amp;loc=d3e21463-112644<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(28))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 505<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.3-04)<br> -URI http://asc.fasb.org/extlink&amp;oid=27012166&amp;loc=d3e187085-122770<br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 718<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (c)(1)(iv)(2)<br> -URI http://asc.fasb.org/extlink&amp;oid=6415400&amp;loc=d3e5070-113901<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercised</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StockRepurchaseProgramAuthorizedAmount1">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of stock repurchase plan authorized.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StockRepurchaseProgramAuthorizedAmount1</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount remaining of a stock repurchase plan authorized.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StockRepurchasedAndRetiredDuringPeriodShares">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Number of shares that have been repurchased and retired during the period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(28))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 505<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.3-04)<br> -URI http://asc.fasb.org/extlink&amp;oid=27012166&amp;loc=d3e187085-122770<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 505<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=6928386&amp;loc=d3e21463-112644<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(29))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StockRepurchasedAndRetiredDuringPeriodShares</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_TreasuryStockAcquiredAverageCostPerShare">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Total cost of shares repurchased divided by the total number of shares repurchased.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 505<br> -SubTopic 30<br> -Section 45<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=6405813&amp;loc=d3e23239-112655<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_TreasuryStockAcquiredAverageCostPerShare</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:perShareItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PlanNameAxis=ntic_The2007PlanMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PlanNameAxis=ntic_The2007PlanMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>70
<FILENAME>R54.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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</head>
<body>
<span style="display: none;">v3.5.0.2</span><table class="report" border="0" cellspacing="2" id="idp6747121248">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Note 9 - Exercised Stock Options (Details) - shares<br></strong></div></th>
<th class="th" colspan="2">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Aug. 31, 2016</div></th>
<th class="th"><div>Aug. 31, 2015</div></th>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis=ntic_Exercise1Member', window );">Exercise 1 [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercised', window );">Options Exercised (in shares)</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">9.76<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis=ntic_Exercise2Member', window );">Exercise 2 [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercised', window );">Options Exercised (in shares)</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">7.65<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis=ntic_Exercise3Member', window );">Exercise 3 [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercised', window );">Options Exercised (in shares)</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">10.2<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercised', window );">Options Exercised (in shares)</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">38,333<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercised">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Number of share options (or share units) exercised during the current period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(29))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 505<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=6928386&amp;loc=d3e21463-112644<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(28))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 505<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.3-04)<br> -URI http://asc.fasb.org/extlink&amp;oid=27012166&amp;loc=d3e187085-122770<br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 718<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (c)(1)(iv)(2)<br> -URI http://asc.fasb.org/extlink&amp;oid=6415400&amp;loc=d3e5070-113901<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercised</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis=ntic_Exercise1Member">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis=ntic_Exercise1Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis=ntic_Exercise2Member">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis=ntic_Exercise2Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis=ntic_Exercise3Member">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis=ntic_Exercise3Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>71
<FILENAME>R55.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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</head>
<body>
<span style="display: none;">v3.5.0.2</span><table class="report" border="0" cellspacing="2" id="idp6915454400">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Note 10 - Net Income (Loss) Per Common Share (Details Textual) - shares<br></strong></div></th>
<th class="th" colspan="2">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Aug. 31, 2016</div></th>
<th class="th"><div>Aug. 31, 2015</div></th>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis=us-gaap_EmployeeStockOptionMember', window );">Employee Stock Option [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount', window );">Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount</a></td>
<td class="nump">170,887<span></span>
</td>
<td class="nump">45,067<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) or earnings per unit (EPU) in the future that were not included in the computation of diluted EPS or EPU because to do so would increase EPS or EPU amounts or decrease loss per share or unit amounts for the period presented.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Glossary Antidilution<br> -URI http://asc.fasb.org/extlink&amp;oid=6505113<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Glossary Diluted Earnings Per Share<br> -URI http://asc.fasb.org/extlink&amp;oid=6510752<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Glossary Contingent Stock Agreement<br> -URI http://asc.fasb.org/extlink&amp;oid=6508534<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 260<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (c)<br> -URI http://asc.fasb.org/extlink&amp;oid=6371337&amp;loc=d3e3550-109257<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis=us-gaap_EmployeeStockOptionMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis=us-gaap_EmployeeStockOptionMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>72
<FILENAME>R56.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
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							e.nextSibling.style.display='block';
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</head>
<body>
<span style="display: none;">v3.5.0.2</span><table class="report" border="0" cellspacing="2" id="idp6901243200">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Note 10 - Net Income (Loss) Per Common Share - Reconciliation of the Earnings Per Share Computations (Details) - USD ($)<br></strong></div></th>
<th class="th" colspan="2">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Aug. 31, 2016</div></th>
<th class="th"><div>Aug. 31, 2015</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetIncomeLoss', window );">Net (loss) income attributable to NTIC</a></td>
<td class="num">$ (867,514)<span></span>
</td>
<td class="nump">$ 1,789,571<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_WeightedAverageNumberOfSharesOutstandingBasic', window );">Basic-weighted shares outstanding (in shares)</a></td>
<td class="nump">4,537,504<span></span>
</td>
<td class="nump">4,521,788<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncrementalCommonSharesAttributableToShareBasedPaymentArrangements', window );">Weighted shares assumed upon exercise of stock options (in shares)</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">127,272<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding', window );">Diluted &#8211; weighted shares outstanding (in shares)</a></td>
<td class="nump">4,537,504<span></span>
</td>
<td class="nump">4,649,060<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EarningsPerShareBasic', window );">Basic income (loss) earnings per share: (in dollars per share)</a></td>
<td class="num">$ (0.19)<span></span>
</td>
<td class="nump">$ 0.40<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EarningsPerShareDiluted', window );">Diluted income (loss) earnings per share: (in dollars per share)</a></td>
<td class="num">$ (0.19)<span></span>
</td>
<td class="nump">$ 0.38<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_EarningsPerShareBasic">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 260<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=6371337&amp;loc=d3e3550-109257<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 260<br> -SubTopic 10<br> -Section 55<br> -Paragraph 52<br> -URI http://asc.fasb.org/extlink&amp;oid=65016374&amp;loc=d3e4984-109258<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 225<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-04(19))<br> -URI http://asc.fasb.org/extlink&amp;oid=6879464&amp;loc=d3e573970-122913<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 260<br> -SubTopic 10<br> -Section 45<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=64863997&amp;loc=d3e1252-109256<br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 225<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03(21))<br> -URI http://asc.fasb.org/extlink&amp;oid=63488584&amp;loc=d3e20235-122688<br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 225<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-04(23))<br> -URI http://asc.fasb.org/extlink&amp;oid=6879574&amp;loc=d3e536633-122882<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_EarningsPerShareBasic</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
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<td>num:perShareItemType</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_EarningsPerShareDiluted">
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 225<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-04(19))<br> -URI http://asc.fasb.org/extlink&amp;oid=6879464&amp;loc=d3e573970-122913<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 260<br> -SubTopic 10<br> -Section 45<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=64863997&amp;loc=d3e1252-109256<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 225<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03(21))<br> -URI http://asc.fasb.org/extlink&amp;oid=63488584&amp;loc=d3e20235-122688<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 225<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-04(23))<br> -URI http://asc.fasb.org/extlink&amp;oid=6879574&amp;loc=d3e536633-122882<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_EarningsPerShareDiluted</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>num:perShareItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncrementalCommonSharesAttributableToShareBasedPaymentArrangements">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Additional shares included in the calculation of diluted EPS as a result of the potentially dilutive effect of share based payment arrangements using the treasury stock method.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 260<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=6371337&amp;loc=d3e3550-109257<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 260<br> -SubTopic 10<br> -Section 45<br> -Paragraph 28A<br> -URI http://asc.fasb.org/extlink&amp;oid=64863997&amp;loc=d3e1500-109256<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncrementalCommonSharesAttributableToShareBasedPaymentArrangements</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
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<td><strong> Period Type:</strong></td>
<td>duration</td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NetIncomeLoss">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Glossary Net Income<br> -URI http://asc.fasb.org/extlink&amp;oid=51831255<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 28<br> -URI http://asc.fasb.org/extlink&amp;oid=66902209&amp;loc=d3e3602-108585<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 260<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=6371337&amp;loc=d3e3550-109257<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 225<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-04(22))<br> -URI http://asc.fasb.org/extlink&amp;oid=6879574&amp;loc=d3e536633-122882<br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 225<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-04(18))<br> -URI http://asc.fasb.org/extlink&amp;oid=6879464&amp;loc=d3e573970-122913<br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Glossary Other Comprehensive Income<br> -URI http://asc.fasb.org/extlink&amp;oid=51831270<br><br>Reference 7: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 225<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03(20))<br> -URI http://asc.fasb.org/extlink&amp;oid=63488584&amp;loc=d3e20235-122688<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_NetIncomeLoss</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
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<tr>
<td><strong> Balance Type:</strong></td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 260<br> -SubTopic 10<br> -Section 45<br> -Paragraph 16<br> -URI http://asc.fasb.org/extlink&amp;oid=64863997&amp;loc=d3e1505-109256<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 260<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=6371337&amp;loc=d3e3550-109257<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
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<td>duration</td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_WeightedAverageNumberOfSharesOutstandingBasic">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 260<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=6371337&amp;loc=d3e3550-109257<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 260<br> -SubTopic 10<br> -Section 45<br> -Paragraph 10<br> -URI http://asc.fasb.org/extlink&amp;oid=64863997&amp;loc=d3e1448-109256<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Glossary Weighted-Average Number of Common Shares Outstanding<br> -URI http://asc.fasb.org/extlink&amp;oid=6528421<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_WeightedAverageNumberOfSharesOutstandingBasic</td>
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<td><strong> Data Type:</strong></td>
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<span style="display: none;">v3.5.0.2</span><table class="report" border="0" cellspacing="2" id="idp6746708160">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Note 11 - Stock-based Compensation (Details Textual)<br></strong></div></th>
<th class="th" colspan="1"></th>
<th class="th" colspan="1"></th>
<th class="th" colspan="1"></th>
<th class="th" colspan="1">9 Months Ended</th>
<th class="th" colspan="2">12 Months Ended</th>
</tr>
<tr>
<th class="th">
<div>Mar. 01, 2016 </div>
<div>shares</div>
</th>
<th class="th">
<div>Sep. 01, 2015 </div>
<div>shares</div>
</th>
<th class="th">
<div>Sep. 01, 2014 </div>
<div>shares</div>
</th>
<th class="th">
<div>May 31, 2016 </div>
<div>shares</div>
</th>
<th class="th">
<div>Aug. 31, 2016 </div>
<div>USD ($) </div>
<div>$ / shares</div>
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<th class="th">
<div>Aug. 31, 2015 </div>
<div>USD ($) </div>
<div>$ / shares</div>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PlanNameAxis=ntic_The2007PlanMember', window );">The 2007 Plan [Member] | Minimum [Member] | One Year after Date of Grant [Member]</a></td>
<td class="text">&#160;<span></span>
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<td class="text">&#160;<span></span>
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<td class="text">&#160;<span></span>
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<td class="text">&#160;<span></span>
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<td class="text">&#160;<span></span>
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<td class="text">&#160;<span></span>
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<td class="text">&#160;<span></span>
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<td class="text">&#160;<span></span>
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<td class="text">&#160;<span></span>
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<td class="text">&#160;<span></span>
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<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PlanNameAxis=ntic_The2007PlanMember', window );">The 2007 Plan [Member] | Maximum [Member] | One Year after Date of Grant [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
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<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
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<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1', window );">Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period</a></td>
<td class="text">&#160;<span></span>
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<td class="text">&#160;<span></span>
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<td class="text">&#160;<span></span>
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<td class="text">4 years<span></span>
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<td class="text">&#160;<span></span>
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<td class="text">&#160;<span></span>
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<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PlanNameAxis=ntic_The2007PlanMember', window );">The 2007 Plan [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
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<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized', window );">Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized | shares</a></td>
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<td class="text">&#160;<span></span>
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<td class="text">&#160;<span></span>
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<td class="text">10 years<span></span>
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<td class="text">&#160;<span></span>
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<td class="text">&#160;<span></span>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PlanNameAxis=ntic_ESPPMember', window );">ESPP [Member]</a></td>
<td class="text">&#160;<span></span>
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<td class="text">&#160;<span></span>
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<td class="text">&#160;<span></span>
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<td class="text">&#160;<span></span>
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<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized', window );">Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized | shares</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">100,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardPurchasePriceOfCommonStockPercent', window );">Share-based Compensation Arrangement by Share-based Payment Award, Purchase Price of Common Stock, Percent</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">90.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AwardTypeAxis=us-gaap_EmployeeStockOptionMember', window );">Employee Stock Option [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockOptionPlanExpense', window );">Stock or Unit Option Plan Expense</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 427,437<span></span>
</td>
<td class="nump">$ 495,683<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ntic_NumberOfStockBasedCompensationPlans', window );">Number of Stock-based Compensation Plans</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">2<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockIssuedDuringPeriodSharesEmployeeStockPurchasePlans', window );">Stock Issued During Period, Shares, Employee Stock Purchase Plans | shares</a></td>
<td class="nump">3,144<span></span>
</td>
<td class="nump">2,438<span></span>
</td>
<td class="nump">3,206<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions', window );">Employee Service Share-based Compensation, Nonvested Awards, Compensation Not yet Recognized, Stock Options</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">239,400<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ntic_AllocatedShareBasedCompensationExpenseEstimateNextFiscalYear', window );">Allocated Share-based Compensation Expense, Estimate, Next Fiscal Year</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">159,600<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ntic_AllocatedShareBasedCompensationExpenseEstimateFiscalYearTwo', window );">Allocated Share-based Compensation Expense, Estimate, Fiscal Year Two</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 79,800<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ntic_EstimatedForfeitureRateForStockOptions', window );">Estimated Forfeiture Rate for Stock Options</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">10.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue', window );">Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value | $ / shares</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 8.48<span></span>
</td>
<td class="nump">$ 11.58<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2', window );">Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Remaining Contractual Term</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">6 years 167 days<span></span>
</td>
<td class="text">5 years 219 days<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ntic_AllocatedShareBasedCompensationExpenseEstimateFiscalYearTwo">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Estimated expense to be recognized for the second fiscal year following the most recent fiscal year arising from equity-based compensation arrangements (for example, shares of stock, unit, stock options or other equity instruments) with employees, directors and certain consultants qualifying for treatment as employees.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ntic_AllocatedShareBasedCompensationExpenseEstimateFiscalYearTwo</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ntic_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ntic_AllocatedShareBasedCompensationExpenseEstimateNextFiscalYear">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Estimated expense to be recognized for the next fiscal year following the most recent fiscal year arising from equity-based compensation arrangements (for example, shares of stock, unit, stock options or other equity instruments) with employees, directors and certain consultants qualifying for treatment as employees.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ntic_AllocatedShareBasedCompensationExpenseEstimateNextFiscalYear</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ntic_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ntic_EstimatedForfeitureRateForStockOptions">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Estimated forfeiture rate used for stock options.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ntic_EstimatedForfeitureRateForStockOptions</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ntic_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ntic_NumberOfStockBasedCompensationPlans">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The number of stock-based compensation plans administered by the Compensation Committee of the Board of Directors and the Board of Directors, during the period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ntic_NumberOfStockBasedCompensationPlans</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ntic_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:integerItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Unrecognized cost of unvested options awarded to employees as compensation.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Period which an employee's right to exercise an award is no longer contingent on satisfaction of either a service condition, market condition or a performance condition, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 718<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (a)(1)<br> -URI http://asc.fasb.org/extlink&amp;oid=6415400&amp;loc=d3e5070-113901<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:durationItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The maximum number of shares (or other type of equity) originally approved (usually by shareholders and board of directors), net of any subsequent amendments and adjustments, for awards under the equity-based compensation plan. As stock or unit options and equity instruments other than options are awarded to participants, the shares or units remain authorized and become reserved for issuance under outstanding awards (not necessarily vested).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 718<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (a)(3)<br> -URI http://asc.fasb.org/extlink&amp;oid=6415400&amp;loc=d3e5070-113901<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The weighted average grant-date fair value of options granted during the reporting period as calculated by applying the disclosed option pricing methodology.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 718<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (d)(1)<br> -URI http://asc.fasb.org/extlink&amp;oid=6415400&amp;loc=d3e5070-113901<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:perShareItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardExpirationPeriod">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Period from grant date that an equity-based award expires, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 718<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (a)(2)<br> -URI http://asc.fasb.org/extlink&amp;oid=6415400&amp;loc=d3e5070-113901<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardExpirationPeriod</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:durationItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Weighted average remaining contractual term for option awards outstanding, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 718<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (e)(1)<br> -URI http://asc.fasb.org/extlink&amp;oid=6415400&amp;loc=d3e5070-113901<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
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<tr>
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<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardPurchasePriceOfCommonStockPercent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Purchase price of common stock expressed as a percentage of its fair value.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardPurchasePriceOfCommonStockPercent</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
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</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StockIssuedDuringPeriodSharesEmployeeStockPurchasePlans">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Number of shares issued during the period as a result of an employee stock purchase plan.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 505<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=6928386&amp;loc=d3e21463-112644<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(29))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(28))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 505<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.3-04)<br> -URI http://asc.fasb.org/extlink&amp;oid=27012166&amp;loc=d3e187085-122770<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StockIssuedDuringPeriodSharesEmployeeStockPurchasePlans</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
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</table></div>
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</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StockOptionPlanExpense">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The noncash expense that accounts for the value of stock or unit options distributed to employees as compensation.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 28<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=66902209&amp;loc=d3e3602-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StockOptionPlanExpense</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
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<td><strong> Balance Type:</strong></td>
<td>debit</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
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</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PlanNameAxis=ntic_The2007PlanMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PlanNameAxis=ntic_The2007PlanMember</td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RangeAxis=us-gaap_MinimumMember</td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_VestingAxis=ntic_OneYearAfterDateOfGrantMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_VestingAxis=ntic_OneYearAfterDateOfGrantMember</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
<td>na</td>
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<td><strong> Balance Type:</strong></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RangeAxis=us-gaap_MaximumMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PlanNameAxis=ntic_ESPPMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PlanNameAxis=ntic_ESPPMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
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<td><strong> Data Type:</strong></td>
<td>na</td>
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<td><strong> Balance Type:</strong></td>
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<td><strong> Period Type:</strong></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AwardTypeAxis=us-gaap_EmployeeStockOptionMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AwardTypeAxis=us-gaap_EmployeeStockOptionMember</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
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<td>na</td>
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<td><strong> Balance Type:</strong></td>
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<DOCUMENT>
<TYPE>XML
<SEQUENCE>74
<FILENAME>R58.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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<span style="display: none;">v3.5.0.2</span><table class="report" border="0" cellspacing="2" id="idp6638791200">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Note 11 - Stock-based Compensation - Black-Scholes Option-pricing Model Assumptions (Details)<br></strong></div></th>
<th class="th" colspan="2">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Aug. 31, 2016</div></th>
<th class="th"><div>Aug. 31, 2015</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate', window );">Dividend yield</a></td>
<td class="nump">0.00%<span></span>
</td>
<td class="nump">0.00%<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate', window );">Expected volatility</a></td>
<td class="nump">46.00%<span></span>
</td>
<td class="nump">46.60%<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1', window );">Expected life of option (years)</a></td>
<td class="text">10 years<span></span>
</td>
<td class="text">10 years<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate', window );">Weighted average risk-free interest rate</a></td>
<td class="nump">1.63%<span></span>
</td>
<td class="nump">1.63%<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The estimated dividend rate (a percentage of the share price) to be paid (expected dividends) to holders of the underlying shares over the option's term.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 718<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (f)(2)(iii)<br> -URI http://asc.fasb.org/extlink&amp;oid=6415400&amp;loc=d3e5070-113901<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The estimated measure of the percentage by which a share price is expected to fluctuate during a period. Volatility also may be defined as a probability-weighted measure of the dispersion of returns about the mean. The volatility of a share price is the standard deviation of the continuously compounded rates of return on the share over a specified period. That is the same as the standard deviation of the differences in the natural logarithms of the stock prices plus dividends, if any, over the period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 718<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (f)(2)(ii)<br> -URI http://asc.fasb.org/extlink&amp;oid=6415400&amp;loc=d3e5070-113901<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The risk-free interest rate assumption that is used in valuing an option on its own shares.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 718<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (f)(2)(iv)<br> -URI http://asc.fasb.org/extlink&amp;oid=6415400&amp;loc=d3e5070-113901<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
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<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Period Type:</strong></td>
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</tr>
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</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Expected term of share-based compensation awards, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 718<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (f)(2)(i)<br> -URI http://asc.fasb.org/extlink&amp;oid=6415400&amp;loc=d3e5070-113901<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 718<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SAB Topic 14.D.2)<br> -URI http://asc.fasb.org/extlink&amp;oid=27013229&amp;loc=d3e301413-122809<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:durationItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
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<DOCUMENT>
<TYPE>XML
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<FILENAME>R59.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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<span style="display: none;">v3.5.0.2</span><table class="report" border="0" cellspacing="2" id="idp6747175360">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Note 11- Stock-based Compensation - Stock Option Activity (Details) - USD ($)<br></strong></div></th>
<th class="th" colspan="2">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Aug. 31, 2016</div></th>
<th class="th"><div>Aug. 31, 2015</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber', window );">Number of shares, Outstanding (in shares)</a></td>
<td class="nump">241,734<span></span>
</td>
<td class="nump">239,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice', window );">Weighted average exercise price, Outstanding (in dollars per share)</a></td>
<td class="nump">$ 13.72<span></span>
</td>
<td class="nump">$ 11.66<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross', window );">Number of shares, Options granted (in shares)</a></td>
<td class="nump">53,447<span></span>
</td>
<td class="nump">45,067<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice', window );">Weighted average exercise price, Options granted (in dollars per share)</a></td>
<td class="nump">$ 14.85<span></span>
</td>
<td class="nump">$ 20.10<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercised', window );">Number of shares, Options exercised (in shares)</a></td>
<td class="nump">0<span></span>
</td>
<td class="num">(38,333)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice', window );">Weighted average exercise price, Options exercised (in dollars per share)</a></td>
<td class="nump">$ 0<span></span>
</td>
<td class="nump">$ 9<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod', window );">Number of shares, Options terminated (in shares)</a></td>
<td class="num">(12,000)<span></span>
</td>
<td class="num">(4,000)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice', window );">Weighted average exercise price, Options terminated (in dollars per share)</a></td>
<td class="nump">$ 13.38<span></span>
</td>
<td class="nump">$ 10.20<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber', window );">Number of shares, Outstanding (in shares)</a></td>
<td class="nump">283,181<span></span>
</td>
<td class="nump">241,734<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice', window );">Weighted average exercise price, Outstanding (in dollars per share)</a></td>
<td class="nump">$ 13.95<span></span>
</td>
<td class="nump">$ 13.72<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue', window );">Aggregate intrinsic value, Outstanding</a></td>
<td class="nump">$ 392,370<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber', window );">Number of shares, Exercisable (in shares)</a></td>
<td class="nump">188,600<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice', window );">Weighted average exercise price, Exercisable (in dollars per share)</a></td>
<td class="nump">$ 13.45<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1', window );">Aggregate intrinsic value, Exercisable</a></td>
<td class="nump">$ 336,683<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The number of shares into which fully or partially vested stock options outstanding as of the balance sheet date can be currently converted under the option plan.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 718<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (c)(1)(iii)<br> -URI http://asc.fasb.org/extlink&amp;oid=6415400&amp;loc=d3e5070-113901<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The weighted-average price as of the balance sheet date at which grantees can acquire the shares reserved for issuance on vested portions of options outstanding and currently exercisable under the stock option plan.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 718<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (c)(1)(iii)<br> -URI http://asc.fasb.org/extlink&amp;oid=6415400&amp;loc=d3e5070-113901<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:perShareItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The number of shares under options that were cancelled during the reporting period as a result of occurrence of a terminating event specified in contractual agreements pertaining to the stock option plan.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 718<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (c)(1)(iv)(3)<br> -URI http://asc.fasb.org/extlink&amp;oid=6415400&amp;loc=d3e5070-113901<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Gross number of share options (or share units) granted during the period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount by which the current fair value of the underlying stock exceeds the exercise price of options outstanding.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 718<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=6415400&amp;loc=d3e5070-113901<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Number of options outstanding, including both vested and non-vested options.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 718<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=6415400&amp;loc=d3e5070-113901<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 718<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (c)(1)(i)-(ii)<br> -URI http://asc.fasb.org/extlink&amp;oid=6415400&amp;loc=d3e5070-113901<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Weighted average price at which grantees can acquire the shares reserved for issuance under the stock option plan.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 718<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (c)(1)(i)<br> -URI http://asc.fasb.org/extlink&amp;oid=6415400&amp;loc=d3e5070-113901<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:perShareItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Weighted average price at which option holders acquired shares when converting their stock options into shares.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:perShareItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Weighted average price at which grantees could have acquired the underlying shares with respect to stock options that were terminated.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:perShareItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Weighted average per share amount at which grantees can acquire shares of common stock by exercise of options.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:perShareItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of difference between fair value of the underlying shares reserved for issuance and exercise price of vested portions of options outstanding and currently exercisable.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 718<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=6415400&amp;loc=d3e5070-113901<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercised">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Number of share options (or share units) exercised during the current period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(29))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 505<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=6928386&amp;loc=d3e21463-112644<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(28))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 505<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.3-04)<br> -URI http://asc.fasb.org/extlink&amp;oid=27012166&amp;loc=d3e187085-122770<br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 718<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (c)(1)(iv)(2)<br> -URI http://asc.fasb.org/extlink&amp;oid=6415400&amp;loc=d3e5070-113901<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercised</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
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<html>
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<span style="display: none;">v3.5.0.2</span><table class="report" border="0" cellspacing="2" id="idp6739096432">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Note 12 - Segment and Geographic Information (Details Textual)<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th"><div>Aug. 31, 2016</div></th></tr>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NumberOfReportableSegments', window );">Number of Reportable Segments</a></td>
<td class="nump">2<span></span>
</td>
</tr>
</table>
<div style="display: none;"><table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NumberOfReportableSegments">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Number of segments reported by the entity. A reportable segment is a component of an entity for which there is an accounting requirement to report separate financial information on that component in the entity's financial statements.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_NumberOfReportableSegments</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<span style="display: none;">v3.5.0.2</span><table class="report" border="0" cellspacing="2" id="idp6919929248">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Note 12 - Segment and Geographic Information - Net Sales by Segment (Details) - USD ($)<br></strong></div></th>
<th class="th" colspan="2">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Aug. 31, 2016</div></th>
<th class="th"><div>Aug. 31, 2015</div></th>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StatementBusinessSegmentsAxis=ntic_ZERUSTMember', window );">ZERUST [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SalesRevenueNet', window );">Net sales by segment</a></td>
<td class="nump">$ 27,577,566<span></span>
</td>
<td class="nump">$ 26,042,909<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StatementBusinessSegmentsAxis=ntic_NaturTecMember', window );">NaturTec [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SalesRevenueNet', window );">Net sales by segment</a></td>
<td class="nump">5,355,999<span></span>
</td>
<td class="nump">4,279,784<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SalesRevenueNet', window );">Net sales by segment</a></td>
<td class="nump">$ 32,933,565<span></span>
</td>
<td class="nump">$ 30,322,693<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_SalesRevenueNet">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Total revenue from sale of goods and services rendered during the reporting period, in the normal course of business, reduced by sales returns and allowances, and sales discounts.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 225<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03.1)<br> -URI http://asc.fasb.org/extlink&amp;oid=63488584&amp;loc=d3e20235-122688<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_SalesRevenueNet</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StatementBusinessSegmentsAxis=ntic_ZERUSTMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StatementBusinessSegmentsAxis=ntic_ZERUSTMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StatementBusinessSegmentsAxis=ntic_NaturTecMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StatementBusinessSegmentsAxis=ntic_NaturTecMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
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<span style="display: none;">v3.5.0.2</span><table class="report" border="0" cellspacing="2" id="idp6919551648">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Note 12 - Segment and Geographic Information - Cost of Goods Sold by Segment (Details) - USD ($)<br></strong></div></th>
<th class="th" colspan="2">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Aug. 31, 2016</div></th>
<th class="th"><div>Aug. 31, 2015</div></th>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ntic_CostOfGoodsSoldTypeAxis=ntic_DirectCostOfGoodsSoldMember', window );">Direct Cost of Goods Sold [Member] | ZERUST [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CostOfGoodsSold', window );">Cost of goods sold</a></td>
<td class="nump">$ 15,588,133<span></span>
</td>
<td class="nump">$ 14,399,456<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ntic_CostOfGoodsSoldTypeAxis=ntic_DirectCostOfGoodsSoldMember', window );">Direct Cost of Goods Sold [Member] | NaturTec [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CostOfGoodsSold', window );">Cost of goods sold</a></td>
<td class="nump">4,076,249<span></span>
</td>
<td class="nump">3,232,353<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ntic_CostOfGoodsSoldTypeAxis=ntic_IndirectCostOfGoodsSoldMember', window );">Indirect Cost of Goods Sold [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CostOfGoodsSold', window );">Cost of goods sold</a></td>
<td class="nump">2,655,774<span></span>
</td>
<td class="nump">2,924,124<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CostOfGoodsSold', window );">Cost of goods sold</a></td>
<td class="nump">$ 22,320,156<span></span>
</td>
<td class="nump">$ 20,555,932<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CostOfGoodsSold">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Total costs related to goods produced and sold during the reporting period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 225<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03.2(a))<br> -URI http://asc.fasb.org/extlink&amp;oid=63488584&amp;loc=d3e20235-122688<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CostOfGoodsSold</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ntic_CostOfGoodsSoldTypeAxis=ntic_DirectCostOfGoodsSoldMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ntic_CostOfGoodsSoldTypeAxis=ntic_DirectCostOfGoodsSoldMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
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<tr>
<td><strong> Period Type:</strong></td>
<td></td>
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</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ProductOrServiceAxis=ntic_ZERUSTMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ProductOrServiceAxis=ntic_ZERUSTMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ProductOrServiceAxis=ntic_NaturTecMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ProductOrServiceAxis=ntic_NaturTecMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
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</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ntic_CostOfGoodsSoldTypeAxis=ntic_IndirectCostOfGoodsSoldMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ntic_CostOfGoodsSoldTypeAxis=ntic_IndirectCostOfGoodsSoldMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
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<td><strong> Data Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
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<tr>
<td><strong> Period Type:</strong></td>
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<DOCUMENT>
<TYPE>XML
<SEQUENCE>79
<FILENAME>R63.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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<span style="display: none;">v3.5.0.2</span><table class="report" border="0" cellspacing="2" id="idp6759438304">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Note 12 - Segment and Geographic Location - Net Sales by Geographic Location (Details) - USD ($)<br></strong></div></th>
<th class="th" colspan="2">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Aug. 31, 2016</div></th>
<th class="th"><div>Aug. 31, 2015</div></th>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StatementScenarioAxis=ntic_InsideTheUSAToUnaffiliatedCustomersMember', window );">Inside the USA to Unaffiliated Customers [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SalesRevenueNet', window );">Net sales by segment</a></td>
<td class="nump">$ 20,304,480<span></span>
</td>
<td class="nump">$ 19,329,979<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StatementScenarioAxis=ntic_JointVenturesInWhichTheCompanyIsAShareholderDirectlyAndIndirectlyOutsideTheUSAMember', window );">Joint Ventures in Which the Company is a Shareholder Directly and Indirectly Outside the USA [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SalesRevenueNet', window );">Net sales by segment</a></td>
<td class="nump">2,721,905<span></span>
</td>
<td class="nump">2,831,301<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StatementScenarioAxis=ntic_UnaffiliatedCustomersOutsideTheUSAMember', window );">Unaffiliated Customers Outside the USA [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SalesRevenueNet', window );">Net sales by segment</a></td>
<td class="nump">9,907,180<span></span>
</td>
<td class="nump">8,161,413<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SalesRevenueNet', window );">Net sales by segment</a></td>
<td class="nump">$ 32,933,565<span></span>
</td>
<td class="nump">$ 30,322,693<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_SalesRevenueNet">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Total revenue from sale of goods and services rendered during the reporting period, in the normal course of business, reduced by sales returns and allowances, and sales discounts.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 225<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03.1)<br> -URI http://asc.fasb.org/extlink&amp;oid=63488584&amp;loc=d3e20235-122688<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_SalesRevenueNet</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StatementScenarioAxis=ntic_InsideTheUSAToUnaffiliatedCustomersMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StatementScenarioAxis=ntic_InsideTheUSAToUnaffiliatedCustomersMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StatementScenarioAxis=ntic_JointVenturesInWhichTheCompanyIsAShareholderDirectlyAndIndirectlyOutsideTheUSAMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StatementScenarioAxis=ntic_JointVenturesInWhichTheCompanyIsAShareholderDirectlyAndIndirectlyOutsideTheUSAMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StatementScenarioAxis=ntic_UnaffiliatedCustomersOutsideTheUSAMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StatementScenarioAxis=ntic_UnaffiliatedCustomersOutsideTheUSAMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
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</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>80
<FILENAME>R64.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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<body>
<span style="display: none;">v3.5.0.2</span><table class="report" border="0" cellspacing="2" id="idp6747429312">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Note 12 - Segment and Geographic Information - Fees for Services Provided to Joint Ventures by Geographic Location as a Percentage of Total Fees (Details) - USD ($)<br></strong></div></th>
<th class="th" colspan="2">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Aug. 31, 2016</div></th>
<th class="th"><div>Aug. 31, 2015</div></th>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StatementGeographicalAxis=country_DE', window );">GERMANY</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ntic_TotalFeesForServicesProvidedToJointVenturesGeographicLocation', window );">Fees</a></td>
<td class="nump">$ 845,857<span></span>
</td>
<td class="nump">$ 873,400<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StatementGeographicalAxis=country_JP', window );">JAPAN</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ntic_TotalFeesForServicesProvidedToJointVenturesGeographicLocation', window );">Fees</a></td>
<td class="nump">646,015<span></span>
</td>
<td class="nump">599,108<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StatementGeographicalAxis=country_PL', window );">POLAND</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ntic_TotalFeesForServicesProvidedToJointVenturesGeographicLocation', window );">Fees</a></td>
<td class="nump">599,391<span></span>
</td>
<td class="nump">600,255<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StatementGeographicalAxis=country_TH', window );">THAILAND</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ntic_TotalFeesForServicesProvidedToJointVenturesGeographicLocation', window );">Fees</a></td>
<td class="nump">537,212<span></span>
</td>
<td class="nump">554,881<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StatementGeographicalAxis=country_GB', window );">UNITED KINGDOM</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ntic_TotalFeesForServicesProvidedToJointVenturesGeographicLocation', window );">Fees</a></td>
<td class="nump">386,761<span></span>
</td>
<td class="nump">396,514<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StatementGeographicalAxis=country_KR', window );">KOREA, REPUBLIC OF</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ntic_TotalFeesForServicesProvidedToJointVenturesGeographicLocation', window );">Fees</a></td>
<td class="nump">352,393<span></span>
</td>
<td class="nump">192,539<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StatementGeographicalAxis=country_FR', window );">FRANCE</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ntic_TotalFeesForServicesProvidedToJointVenturesGeographicLocation', window );">Fees</a></td>
<td class="nump">329,805<span></span>
</td>
<td class="nump">412,608<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StatementGeographicalAxis=country_IN', window );">INDIA</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ntic_TotalFeesForServicesProvidedToJointVenturesGeographicLocation', window );">Fees</a></td>
<td class="nump">300,506<span></span>
</td>
<td class="nump">277,548<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StatementGeographicalAxis=country_SE', window );">SWEDEN</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ntic_TotalFeesForServicesProvidedToJointVenturesGeographicLocation', window );">Fees</a></td>
<td class="nump">265,745<span></span>
</td>
<td class="nump">323,610<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StatementGeographicalAxis=country_FI', window );">FINLAND</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ntic_TotalFeesForServicesProvidedToJointVenturesGeographicLocation', window );">Fees</a></td>
<td class="nump">252,578<span></span>
</td>
<td class="nump">281,620<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StatementGeographicalAxis=country_CZ', window );">CZECH REPUBLIC</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ntic_TotalFeesForServicesProvidedToJointVenturesGeographicLocation', window );">Fees</a></td>
<td class="nump">237,062<span></span>
</td>
<td class="nump">229,185<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StatementGeographicalAxis=country_CN', window );">CHINA</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ntic_TotalFeesForServicesProvidedToJointVenturesGeographicLocation', window );">Fees</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">494,080<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StatementGeographicalAxis=ntic_OtherCountriesMember', window );">Other Countries [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ntic_TotalFeesForServicesProvidedToJointVenturesGeographicLocation', window );">Fees</a></td>
<td class="nump">384,385<span></span>
</td>
<td class="nump">480,143<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ntic_TotalFeesForServicesProvidedToJointVenturesGeographicLocation', window );">Fees</a></td>
<td class="nump">$ 5,137,710<span></span>
</td>
<td class="nump">$ 5,715,491<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ntic_TotalFeesForServicesProvidedToJointVenturesGeographicLocation">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Total fees for services provided to joint ventures by geographic locations.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ntic_TotalFeesForServicesProvidedToJointVenturesGeographicLocation</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ntic_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StatementGeographicalAxis=country_DE">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StatementGeographicalAxis=country_DE</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StatementGeographicalAxis=country_JP">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StatementGeographicalAxis=country_JP</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StatementGeographicalAxis=country_PL">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StatementGeographicalAxis=country_PL</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StatementGeographicalAxis=country_TH">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StatementGeographicalAxis=country_TH</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StatementGeographicalAxis=country_GB">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StatementGeographicalAxis=country_GB</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StatementGeographicalAxis=country_KR">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StatementGeographicalAxis=country_KR</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StatementGeographicalAxis=country_FR">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StatementGeographicalAxis=country_FR</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StatementGeographicalAxis=country_IN">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StatementGeographicalAxis=country_IN</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StatementGeographicalAxis=country_SE">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StatementGeographicalAxis=country_SE</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StatementGeographicalAxis=country_FI">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StatementGeographicalAxis=country_FI</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StatementGeographicalAxis=country_CZ">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StatementGeographicalAxis=country_CZ</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StatementGeographicalAxis=country_CN">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StatementGeographicalAxis=country_CN</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StatementGeographicalAxis=ntic_OtherCountriesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StatementGeographicalAxis=ntic_OtherCountriesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>81
<FILENAME>R65.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
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<body>
<span style="display: none;">v3.5.0.2</span><table class="report" border="0" cellspacing="2" id="idp6919642752">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Note 12 - Segment and Geographic Information - Total Long-lived Assets by Geographic Distribution (Details) - USD ($)<br></strong></div></th>
<th class="th"><div>Aug. 31, 2016</div></th>
<th class="th"><div>Aug. 31, 2015</div></th>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StatementGeographicalAxis=country_CN', window );">CHINA</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PropertyPlantAndEquipmentNet', window );">Total long-lived assets</a></td>
<td class="nump">$ 253,931<span></span>
</td>
<td class="nump">$ 45,220<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StatementGeographicalAxis=country_BR', window );">BRAZIL</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PropertyPlantAndEquipmentNet', window );">Total long-lived assets</a></td>
<td class="nump">66,938<span></span>
</td>
<td class="nump">46,918<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StatementGeographicalAxis=country_IN', window );">INDIA</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PropertyPlantAndEquipmentNet', window );">Total long-lived assets</a></td>
<td class="nump">13,645<span></span>
</td>
<td class="nump">16,402<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StatementGeographicalAxis=country_US', window );">UNITED STATES</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PropertyPlantAndEquipmentNet', window );">Total long-lived assets</a></td>
<td class="nump">8,219,955<span></span>
</td>
<td class="nump">8,446,842<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PropertyPlantAndEquipmentNet', window );">Total long-lived assets</a></td>
<td class="nump">$ 7,275,872<span></span>
</td>
<td class="nump">$ 7,293,163<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PropertyPlantAndEquipmentNet">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(13))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(14))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-03(a)(8))<br> -URI http://asc.fasb.org/extlink&amp;oid=6879938&amp;loc=d3e572229-122910<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 360<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=6391035&amp;loc=d3e2868-110229<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PropertyPlantAndEquipmentNet</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StatementGeographicalAxis=country_CN">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StatementGeographicalAxis=country_CN</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StatementGeographicalAxis=country_BR">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StatementGeographicalAxis=country_BR</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StatementGeographicalAxis=country_IN">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StatementGeographicalAxis=country_IN</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StatementGeographicalAxis=country_US">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StatementGeographicalAxis=country_US</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>82
<FILENAME>R66.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
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</head>
<body>
<span style="display: none;">v3.5.0.2</span><table class="report" border="0" cellspacing="2" id="idp6747520128">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Note 12 - Segment and Geographic Information - Total Net Sales by Geographic Distribution (Details) - USD ($)<br></strong></div></th>
<th class="th" colspan="2">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Aug. 31, 2016</div></th>
<th class="th"><div>Aug. 31, 2015</div></th>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StatementGeographicalAxis=country_CN', window );">CHINA</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SalesRevenueNet', window );">Total net sales</a></td>
<td class="nump">$ 4,114,288<span></span>
</td>
<td class="nump">$ 1,070,422<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StatementGeographicalAxis=country_BR', window );">BRAZIL</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SalesRevenueNet', window );">Total net sales</a></td>
<td class="nump">2,172,297<span></span>
</td>
<td class="nump">2,623,938<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StatementGeographicalAxis=country_IN', window );">INDIA</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SalesRevenueNet', window );">Total net sales</a></td>
<td class="nump">1,104,947<span></span>
</td>
<td class="nump">967,241<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StatementGeographicalAxis=ntic_OtherCountriesMember', window );">Other Countries [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SalesRevenueNet', window );">Total net sales</a></td>
<td class="nump">5,237,553<span></span>
</td>
<td class="nump">6,331,113<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StatementGeographicalAxis=country_US', window );">UNITED STATES</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SalesRevenueNet', window );">Total net sales</a></td>
<td class="nump">20,304,480<span></span>
</td>
<td class="nump">19,329,979<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SalesRevenueNet', window );">Total net sales</a></td>
<td class="nump">$ 32,933,565<span></span>
</td>
<td class="nump">$ 30,322,693<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_SalesRevenueNet">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Total revenue from sale of goods and services rendered during the reporting period, in the normal course of business, reduced by sales returns and allowances, and sales discounts.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 225<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03.1)<br> -URI http://asc.fasb.org/extlink&amp;oid=63488584&amp;loc=d3e20235-122688<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_SalesRevenueNet</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StatementGeographicalAxis=country_CN">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StatementGeographicalAxis=country_CN</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StatementGeographicalAxis=country_BR">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StatementGeographicalAxis=country_BR</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StatementGeographicalAxis=country_IN">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StatementGeographicalAxis=country_IN</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StatementGeographicalAxis=ntic_OtherCountriesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StatementGeographicalAxis=ntic_OtherCountriesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StatementGeographicalAxis=country_US">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StatementGeographicalAxis=country_US</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>83
<FILENAME>R67.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.5.0.2</span><table class="report" border="0" cellspacing="2" id="idp6900581264">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Note 13 - Retirement Plan (Details Textual) - USD ($)<br></strong></div></th>
<th class="th" colspan="2">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Aug. 31, 2016</div></th>
<th class="th"><div>Aug. 31, 2015</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DefinedContributionPlanMaximumAnnualContributionsPerEmployeePercent', window );">Defined Contribution Plan, Maximum Annual Contributions Per Employee, Percent</a></td>
<td class="nump">15.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ntic_DefinedContributionPlanMaximumAmountOfEmployeesContributionsPercent', window );">Defined Contribution Plan Maximum Amount of Employees Contributions Percent</a></td>
<td class="nump">50.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DefinedContributionPlanEmployerMatchingContributionPercent', window );">Defined Contribution Plan, Employer Matching Contribution, Percent of Employees' Gross Pay</a></td>
<td class="nump">3.50%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DefinedContributionPlanCostRecognized', window );">Defined Contribution Plan, Cost Recognized</a></td>
<td class="nump">$ 215,785<span></span>
</td>
<td class="nump">$ 214,008<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ntic_DefinedContributionPlanMaximumAmountOfEmployeesContributionsPercent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Maximum percentage employer matches of the employee's percentage contribution matched.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ntic_DefinedContributionPlanMaximumAmountOfEmployeesContributionsPercent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ntic_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DefinedContributionPlanCostRecognized">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of the cost recognized during the period for defined contribution plans.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 715<br> -SubTopic 70<br> -Section 50<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=49170846&amp;loc=d3e28014-114942<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DefinedContributionPlanCostRecognized</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DefinedContributionPlanEmployerMatchingContributionPercent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Percentage of employees' gross pay for which the employer contributes a matching contribution to a defined contribution plan.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DefinedContributionPlanEmployerMatchingContributionPercent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DefinedContributionPlanMaximumAnnualContributionsPerEmployeePercent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Maximum percentage of employee gross pay the employee may contribute to a defined contribution plan.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DefinedContributionPlanMaximumAnnualContributionsPerEmployeePercent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>84
<FILENAME>R68.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
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							e.nextSibling.style.display='block';
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</head>
<body>
<span style="display: none;">v3.5.0.2</span><table class="report" border="0" cellspacing="2" id="idp6746874976">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Note 14 - Related Party Transactions (Details Textual) - Bioplastic Polymers LLC [Member] - USD ($)<br></strong></div></th>
<th class="th" colspan="2">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Aug. 31, 2016</div></th>
<th class="th"><div>Aug. 31, 2015</div></th>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NatureOfExpenseAxis=ntic_ConsultingPaymentExpenseMember', window );">Consulting Payment Expense [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionAmountsOfTransaction', window );">Related Party Transaction, Amounts of Transaction</a></td>
<td class="nump">$ 100,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NatureOfExpenseAxis=ntic_RoyaltyPaymentExpenseMember', window );">Royalty Payment Expense [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionAmountsOfTransaction', window );">Related Party Transaction, Amounts of Transaction</a></td>
<td class="nump">$ 31,463<span></span>
</td>
<td class="nump">$ 21,327<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RelatedPartyTransactionAmountsOfTransaction">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of transactions with related party during the financial reporting period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 850<br> -SubTopic 10<br> -Section 50<br> -Paragraph 3<br> -URI http://asc.fasb.org/extlink&amp;oid=6457730&amp;loc=d3e39603-107864<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 850<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (c)<br> -URI http://asc.fasb.org/extlink&amp;oid=6457730&amp;loc=d3e39549-107864<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 850<br> -SubTopic 10<br> -Section 50<br> -Paragraph 4<br> -URI http://asc.fasb.org/extlink&amp;oid=6457730&amp;loc=d3e39622-107864<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RelatedPartyTransactionAmountsOfTransaction</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NatureOfExpenseAxis=ntic_ConsultingPaymentExpenseMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_NatureOfExpenseAxis=ntic_ConsultingPaymentExpenseMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=ntic_BioplasticPolymersLLCMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=ntic_BioplasticPolymersLLCMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NatureOfExpenseAxis=ntic_RoyaltyPaymentExpenseMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_NatureOfExpenseAxis=ntic_RoyaltyPaymentExpenseMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>85
<FILENAME>R69.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
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</head>
<body>
<span style="display: none;">v3.5.0.2</span><table class="report" border="0" cellspacing="2" id="idp6747885200">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Note 15 - Income Taxes (Details Textual) - USD ($)<br></strong></div></th>
<th class="th" colspan="2">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Aug. 31, 2016</div></th>
<th class="th"><div>Aug. 31, 2015</div></th>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NatureOfExpenseAxis=ntic_DeferredTaxExpensesRelatedToUndistributedEarningsOfForeignJointVenturesMember', window );">Deferred Tax Expenses Related to Undistributed Earnings of Foreign Joint Ventures [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DeferredIncomeTaxExpenseBenefit', window );">Deferred Income Tax Expense (Benefit)</a></td>
<td class="nump">$ 32,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeTaxAuthorityAxis=us-gaap_ForeignCountryMember', window );">Foreign Tax Authority [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DeferredTaxAssetsOperatingLossCarryforwardsSubjectToExpiration', window );">Deferred Tax Assets, Operating Loss Carryforwards, Subject to Expiration</a></td>
<td class="nump">350,600<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_TaxCreditCarryforwardValuationAllowance', window );">Tax Credit Carryforward, Valuation Allowance</a></td>
<td class="nump">5,679,000<span></span>
</td>
<td class="nump">$ 4,654,800<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OperatingLossCarryforwardsValuationAllowance', window );">Operating Loss Carryforwards, Valuation Allowance</a></td>
<td class="nump">571,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeTaxAuthorityAxis=ntic_FederalAndStateTaxMember', window );">Federal and State Tax [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OperatingLossCarryforwards', window );">Operating Loss Carryforwards</a></td>
<td class="nump">2,643,300<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_TaxCreditCarryforwardValuationAllowance', window );">Tax Credit Carryforward, Valuation Allowance</a></td>
<td class="nump">2,643,300<span></span>
</td>
<td class="nump">2,335,200<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_TaxCreditCarryforwardAxis=us-gaap_CapitalLossCarryforwardMember', window );">Capital Loss Carryforward [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DeferredTaxAssetsCapitalLossCarryforwards', window );">Deferred Tax Assets, Capital Loss Carryforwards</a></td>
<td class="nump">571,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued', window );">Unrecognized Tax Benefits, Income Tax Penalties and Interest Accrued</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_UndistributedEarningsOfForeignSubsidiaries', window );">Undistributed Earnings of Foreign Subsidiaries</a></td>
<td class="nump">17,779,912<span></span>
</td>
<td class="nump">18,483,377<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DeferredIncomeTaxExpenseBenefit', window );">Deferred Income Tax Expense (Benefit)</a></td>
<td class="num">(41,000)<span></span>
</td>
<td class="nump">144,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DeferredTaxAssetsTaxCreditCarryforwardsForeign', window );">Deferred Tax Assets, Tax Credit Carryforwards, Foreign</a></td>
<td class="nump">$ 5,679,000<span></span>
</td>
<td class="nump">$ 4,654,800<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DeferredIncomeTaxExpenseBenefit">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of deferred income tax expense (benefit) pertaining to income (loss) from continuing operations.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 28<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=66902209&amp;loc=d3e3602-108585<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Glossary Deferred Tax Expense (or Benefit)<br> -URI http://asc.fasb.org/extlink&amp;oid=63044130<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 50<br> -Paragraph 9<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=65882285&amp;loc=d3e32639-109319<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 235<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.4-08(h))<br> -URI http://asc.fasb.org/extlink&amp;oid=26873400&amp;loc=d3e23780-122690<br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SAB Topic 6.I.7)<br> -URI http://asc.fasb.org/extlink&amp;oid=34349781&amp;loc=d3e330036-122817<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DeferredIncomeTaxExpenseBenefit</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DeferredTaxAssetsCapitalLossCarryforwards">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount before allocation of valuation allowances of deferred tax asset attributable to deductible capital loss carryforwards.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 50<br> -Paragraph 6<br> -URI http://asc.fasb.org/extlink&amp;oid=65882285&amp;loc=d3e32621-109319<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 25<br> -Paragraph 20<br> -URI http://asc.fasb.org/extlink&amp;oid=68052875&amp;loc=d3e28680-109314<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 50<br> -Paragraph 8<br> -URI http://asc.fasb.org/extlink&amp;oid=65882285&amp;loc=d3e32632-109319<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DeferredTaxAssetsCapitalLossCarryforwards</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DeferredTaxAssetsOperatingLossCarryforwardsSubjectToExpiration">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount before allocation of valuation allowances of deferred tax asset attributable to deductible operating loss carryforwards that are subject to expiration dates.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DeferredTaxAssetsOperatingLossCarryforwardsSubjectToExpiration</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DeferredTaxAssetsTaxCreditCarryforwardsForeign">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount before allocation of valuation allowances of deferred tax asset attributable to deductible foreign tax credit carryforwards.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 50<br> -Paragraph 3<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=65882285&amp;loc=d3e32559-109319<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 50<br> -Paragraph 6<br> -URI http://asc.fasb.org/extlink&amp;oid=65882285&amp;loc=d3e32621-109319<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 50<br> -Paragraph 8<br> -URI http://asc.fasb.org/extlink&amp;oid=65882285&amp;loc=d3e32632-109319<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DeferredTaxAssetsTaxCreditCarryforwardsForeign</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OperatingLossCarryforwards">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of operating loss carryforward, before tax effects, available to reduce future taxable income under enacted tax laws.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 50<br> -Paragraph 3<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=65882285&amp;loc=d3e32559-109319<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OperatingLossCarryforwards</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OperatingLossCarryforwardsValuationAllowance">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The portion of the valuation allowance pertaining to the deferred tax asset representing potential future taxable deductions from net operating loss carryforwards for which it is more likely than not that a tax benefit will not be realized.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 50<br> -Paragraph 3<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=65882285&amp;loc=d3e32559-109319<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 30<br> -Paragraph 5<br> -Subparagraph (e)<br> -URI http://asc.fasb.org/extlink&amp;oid=64814285&amp;loc=d3e30536-109315<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (c)<br> -URI http://asc.fasb.org/extlink&amp;oid=65882285&amp;loc=d3e32537-109319<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OperatingLossCarryforwardsValuationAllowance</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_TaxCreditCarryforwardValuationAllowance">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of valuation allowance pertaining to the deferred tax asset representing potential future taxable deductions from tax credit carryforwards for which it is more likely than not that a tax benefit will not be realized.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (c)<br> -URI http://asc.fasb.org/extlink&amp;oid=65882285&amp;loc=d3e32537-109319<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Glossary Valuation Allowance<br> -URI http://asc.fasb.org/extlink&amp;oid=6528051<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_TaxCreditCarryforwardValuationAllowance</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_UndistributedEarningsOfForeignSubsidiaries">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of undistributed earnings of foreign subsidiaries intended to be permanently reinvested outside the country of domicile.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 740<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=6487024&amp;loc=d3e29054-158556<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 740<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=6479915&amp;loc=d3e66715-112838<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 995<br> -SubTopic 740<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=6503627&amp;loc=d3e59836-110443<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 25<br> -Paragraph 3<br> -Subparagraph (a)(1)<br> -URI http://asc.fasb.org/extlink&amp;oid=68052875&amp;loc=d3e28200-109314<br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 30<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (b)(c)<br> -URI http://asc.fasb.org/extlink&amp;oid=6424122&amp;loc=d3e41874-109331<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_UndistributedEarningsOfForeignSubsidiaries</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount accrued for interest on an underpayment of income taxes and penalties related to a tax position claimed or expected to be claimed in the tax return.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 50<br> -Paragraph 15<br> -Subparagraph (c)<br> -URI http://asc.fasb.org/extlink&amp;oid=65882285&amp;loc=d3e32718-109319<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NatureOfExpenseAxis=ntic_DeferredTaxExpensesRelatedToUndistributedEarningsOfForeignJointVenturesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_NatureOfExpenseAxis=ntic_DeferredTaxExpensesRelatedToUndistributedEarningsOfForeignJointVenturesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncomeTaxAuthorityAxis=us-gaap_ForeignCountryMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncomeTaxAuthorityAxis=us-gaap_ForeignCountryMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncomeTaxAuthorityAxis=ntic_FederalAndStateTaxMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncomeTaxAuthorityAxis=ntic_FederalAndStateTaxMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
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<tr>
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<span style="display: none;">v3.5.0.2</span><table class="report" border="0" cellspacing="2" id="idp6919494640">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Note 15 - Income Taxes - Provision for Income Taxes (Details) - USD ($)<br></strong></div></th>
<th class="th" colspan="2">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Aug. 31, 2016</div></th>
<th class="th"><div>Aug. 31, 2015</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CurrentIncomeTaxExpenseBenefitContinuingOperationsAbstract', window );"><strong>Current:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CurrentFederalTaxExpenseBenefit', window );">Federal</a></td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CurrentStateAndLocalTaxExpenseBenefit', window );">State</a></td>
<td class="nump">20,000<span></span>
</td>
<td class="num">(37,000)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CurrentForeignTaxExpenseBenefit', window );">Foreign</a></td>
<td class="nump">647,000<span></span>
</td>
<td class="nump">542,000<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CurrentIncomeTaxExpenseBenefit', window );">Total current</a></td>
<td class="nump">667,000<span></span>
</td>
<td class="nump">505,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DeferredIncomeTaxExpenseBenefitContinuingOperationsAbstract', window );"><strong>Deferred:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DeferredFederalIncomeTaxExpenseBenefit', window );">Federal</a></td>
<td class="nump">6,000<span></span>
</td>
<td class="nump">87,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DeferredStateAndLocalIncomeTaxExpenseBenefit', window );">State</a></td>
<td class="text"> <span></span>
</td>
<td class="nump">5,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DeferredForeignIncomeTaxExpenseBenefit', window );">Foreign</a></td>
<td class="num">(47,000)<span></span>
</td>
<td class="nump">52,000<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DeferredIncomeTaxExpenseBenefit', window );">Total deferred</a></td>
<td class="num">(41,000)<span></span>
</td>
<td class="nump">144,000<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeTaxExpenseBenefit', window );">Total income tax expense</a></td>
<td class="nump">$ 626,120<span></span>
</td>
<td class="nump">$ 648,674<span></span>
</td>
</tr>
</table>
<div style="display: none;">
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of current federal tax expense (benefit) pertaining to income (loss) from continuing operations.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 235<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.4-08(h))<br> -URI http://asc.fasb.org/extlink&amp;oid=26873400&amp;loc=d3e23780-122690<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Glossary Current Tax Expense (or Benefit)<br> -URI http://asc.fasb.org/extlink&amp;oid=6509736<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SAB Topic 6.I.7)<br> -URI http://asc.fasb.org/extlink&amp;oid=34349781&amp;loc=d3e330036-122817<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 50<br> -Paragraph 9<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=65882285&amp;loc=d3e32639-109319<br></p></div>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of current foreign income tax expense (benefit) pertaining to income (loss) from continuing operations.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 235<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.4-08.(h))<br> -URI http://asc.fasb.org/extlink&amp;oid=26873400&amp;loc=d3e23780-122690<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 50<br> -Paragraph 9<br> -URI http://asc.fasb.org/extlink&amp;oid=65882285&amp;loc=d3e32639-109319<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of current income tax expense (benefit) pertaining to taxable income (loss) from continuing operations.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 50<br> -Paragraph 9<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=65882285&amp;loc=d3e32639-109319<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Glossary Current Tax Expense (or Benefit)<br> -URI http://asc.fasb.org/extlink&amp;oid=6509736<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 235<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.4-08(h))<br> -URI http://asc.fasb.org/extlink&amp;oid=26873400&amp;loc=d3e23780-122690<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SAB Topic 6.I.7)<br> -URI http://asc.fasb.org/extlink&amp;oid=34349781&amp;loc=d3e330036-122817<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CurrentIncomeTaxExpenseBenefitContinuingOperationsAbstract</td>
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of current state and local tax expense (benefit) pertaining to income (loss) from continuing operations.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 235<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.4-08(h))<br> -URI http://asc.fasb.org/extlink&amp;oid=26873400&amp;loc=d3e23780-122690<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Glossary Current Tax Expense (or Benefit)<br> -URI http://asc.fasb.org/extlink&amp;oid=6509736<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 50<br> -Paragraph 9<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=65882285&amp;loc=d3e32639-109319<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SAB Topic 6.I.7)<br> -URI http://asc.fasb.org/extlink&amp;oid=34349781&amp;loc=d3e330036-122817<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of deferred federal income tax expense (benefit) pertaining to income (loss) from continuing operations.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SAB Topic 6.I.7)<br> -URI http://asc.fasb.org/extlink&amp;oid=34349781&amp;loc=d3e330036-122817<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 235<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.4-08(h))<br> -URI http://asc.fasb.org/extlink&amp;oid=26873400&amp;loc=d3e23780-122690<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Glossary Deferred Tax Expense (or Benefit)<br> -URI http://asc.fasb.org/extlink&amp;oid=63044130<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 50<br> -Paragraph 9<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=65882285&amp;loc=d3e32639-109319<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of deferred foreign income tax expense (benefit) pertaining to income (loss) from continuing operations.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 235<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.4-08(h))<br> -URI http://asc.fasb.org/extlink&amp;oid=26873400&amp;loc=d3e23780-122690<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SAB Topic 6.I.7)<br> -URI http://asc.fasb.org/extlink&amp;oid=34349781&amp;loc=d3e330036-122817<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Glossary Deferred Tax Expense (or Benefit)<br> -URI http://asc.fasb.org/extlink&amp;oid=63044130<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 50<br> -Paragraph 9<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=65882285&amp;loc=d3e32639-109319<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DeferredIncomeTaxExpenseBenefit">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of deferred income tax expense (benefit) pertaining to income (loss) from continuing operations.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 28<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=66902209&amp;loc=d3e3602-108585<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Glossary Deferred Tax Expense (or Benefit)<br> -URI http://asc.fasb.org/extlink&amp;oid=63044130<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 50<br> -Paragraph 9<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=65882285&amp;loc=d3e32639-109319<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 235<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.4-08(h))<br> -URI http://asc.fasb.org/extlink&amp;oid=26873400&amp;loc=d3e23780-122690<br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SAB Topic 6.I.7)<br> -URI http://asc.fasb.org/extlink&amp;oid=34349781&amp;loc=d3e330036-122817<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DeferredIncomeTaxExpenseBenefit</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DeferredIncomeTaxExpenseBenefitContinuingOperationsAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DeferredIncomeTaxExpenseBenefitContinuingOperationsAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
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<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
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<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DeferredStateAndLocalIncomeTaxExpenseBenefit">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of deferred state and local tax expense (benefit) pertaining to income (loss) from continuing operations.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Glossary Deferred Tax Expense (or Benefit)<br> -URI http://asc.fasb.org/extlink&amp;oid=63044130<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 235<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.4-08(h))<br> -URI http://asc.fasb.org/extlink&amp;oid=26873400&amp;loc=d3e23780-122690<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SAB Topic 6.I.7)<br> -URI http://asc.fasb.org/extlink&amp;oid=34349781&amp;loc=d3e330036-122817<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 50<br> -Paragraph 9<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=65882285&amp;loc=d3e32639-109319<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DeferredStateAndLocalIncomeTaxExpenseBenefit</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
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<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
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<td><strong> Balance Type:</strong></td>
<td>debit</td>
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<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncomeTaxExpenseBenefit">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 50<br> -Paragraph 9<br> -Subparagraph (a),(b)<br> -URI http://asc.fasb.org/extlink&amp;oid=65882285&amp;loc=d3e32639-109319<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 235<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.4-08.(h))<br> -URI http://asc.fasb.org/extlink&amp;oid=26873400&amp;loc=d3e23780-122690<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Glossary Income Tax Expense (or Benefit)<br> -URI http://asc.fasb.org/extlink&amp;oid=6515339<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncomeTaxExpenseBenefit</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
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<html>
<head>
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<span style="display: none;">v3.5.0.2</span><table class="report" border="0" cellspacing="2" id="idp6748136400">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Note 15 - Income Taxes - Reconciliations of the Expected Federal Income Tax at the Statutory Rate with the Provisions for Income Taxes (Details) - USD ($)<br></strong></div></th>
<th class="th" colspan="2">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Aug. 31, 2016</div></th>
<th class="th"><div>Aug. 31, 2015</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate', window );">Tax computed at statutory rates</a></td>
<td class="num">$ (195,000)<span></span>
</td>
<td class="nump">$ 1,076,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeTaxReconciliationStateAndLocalIncomeTaxes', window );">State income tax, net of federal benefit</a></td>
<td class="nump">20,000<span></span>
</td>
<td class="num">(32,000)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeTaxReconciliationEquityInEarningsLossesOfUnconsolidatedSubsidiary', window );">Tax effect on equity in (income) loss of international joint ventures</a></td>
<td class="num">(956,000)<span></span>
</td>
<td class="num">(1,986,000)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeTaxReconciliationDeductionsDividends', window );">Tax effect on dividends received from joint ventures and investment at carrying value</a></td>
<td class="nump">2,681,000<span></span>
</td>
<td class="nump">1,470,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeTaxReconciliationForeignIncomeTaxRateDifferential', window );">Tax effect of foreign operations</a></td>
<td class="nump">997,000<span></span>
</td>
<td class="nump">996,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeTaxReconciliationTaxCreditsForeign', window );">Foreign tax credit</a></td>
<td class="num">(3,178,000)<span></span>
</td>
<td class="num">(1,937,000)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeTaxReconciliationTaxCredits', window );">Research and development credit</a></td>
<td class="num">(408,000)<span></span>
</td>
<td class="num">(314,000)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance', window );">Valuation allowance</a></td>
<td class="nump">1,620,000<span></span>
</td>
<td class="nump">1,379,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost', window );">Stock based compensation</a></td>
<td class="nump">90,000<span></span>
</td>
<td class="nump">99,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeTaxReconciliationMinorityInterestIncomeExpense', window );">Non-controlling interest</a></td>
<td class="num">(148,000)<span></span>
</td>
<td class="num">(204,000)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeTaxReconciliationOtherReconcilingItems', window );">Other</a></td>
<td class="nump">103,000<span></span>
</td>
<td class="nump">102,000<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeTaxExpenseBenefit', window );">Total income tax expense</a></td>
<td class="nump">$ 626,120<span></span>
</td>
<td class="nump">$ 648,674<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncomeTaxExpenseBenefit">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 50<br> -Paragraph 9<br> -Subparagraph (a),(b)<br> -URI http://asc.fasb.org/extlink&amp;oid=65882285&amp;loc=d3e32639-109319<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 235<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.4-08.(h))<br> -URI http://asc.fasb.org/extlink&amp;oid=26873400&amp;loc=d3e23780-122690<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Glossary Income Tax Expense (or Benefit)<br> -URI http://asc.fasb.org/extlink&amp;oid=6515339<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncomeTaxExpenseBenefit</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of the difference between reported income tax expense (benefit) and expected income tax expense (benefit) computed by applying the domestic federal statutory income tax rates to pretax income (loss) from continuing operations attributable to increase (decrease) in the valuation allowance for deferred tax assets.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 50<br> -Paragraph 12<br> -URI http://asc.fasb.org/extlink&amp;oid=65882285&amp;loc=d3e32687-109319<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 50<br> -Paragraph 13<br> -URI http://asc.fasb.org/extlink&amp;oid=65882285&amp;loc=d3e32698-109319<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 45<br> -Paragraph 20<br> -URI http://asc.fasb.org/extlink&amp;oid=75116654&amp;loc=d3e32123-109318<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncomeTaxReconciliationDeductionsDividends">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of the difference between reported income tax expense (benefit) and expected income tax expense (benefit) computed by applying the domestic federal statutory income tax rates to pretax income (loss) from continuing operations attributable to deduction for dividend.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 50<br> -Paragraph 13<br> -URI http://asc.fasb.org/extlink&amp;oid=65882285&amp;loc=d3e32698-109319<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 50<br> -Paragraph 12<br> -URI http://asc.fasb.org/extlink&amp;oid=65882285&amp;loc=d3e32687-109319<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncomeTaxReconciliationDeductionsDividends</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncomeTaxReconciliationEquityInEarningsLossesOfUnconsolidatedSubsidiary">
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of the difference between reported income tax expense (benefit) and expected income tax expense (benefit) computed by applying the domestic federal statutory income tax rates to pretax income (loss) from continuing operations attributable to equity in earnings (loss) of unconsolidated subsidiaries exempt from income taxes.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 50<br> -Paragraph 13<br> -URI http://asc.fasb.org/extlink&amp;oid=65882285&amp;loc=d3e32698-109319<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 50<br> -Paragraph 12<br> -URI http://asc.fasb.org/extlink&amp;oid=65882285&amp;loc=d3e32687-109319<br></p></div>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of the difference between reported income tax expense (benefit) and expected income tax expense (benefit) computed by applying the domestic federal statutory income tax rates to pretax income (loss) from continuing operations attributable to foreign income tax expense (benefit).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 50<br> -Paragraph 12<br> -URI http://asc.fasb.org/extlink&amp;oid=65882285&amp;loc=d3e32687-109319<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 50<br> -Paragraph 13<br> -URI http://asc.fasb.org/extlink&amp;oid=65882285&amp;loc=d3e32698-109319<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 235<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.4-08(h)(1))<br> -URI http://asc.fasb.org/extlink&amp;oid=26873400&amp;loc=d3e23780-122690<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
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<td style="white-space:nowrap;">us-gaap_IncomeTaxReconciliationForeignIncomeTaxRateDifferential</td>
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of income tax expense or benefit for the period computed by applying the domestic federal statutory tax rates to pretax income from continuing operations.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 50<br> -Paragraph 12<br> -URI http://asc.fasb.org/extlink&amp;oid=65882285&amp;loc=d3e32687-109319<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 235<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.4-08(h)(2))<br> -URI http://asc.fasb.org/extlink&amp;oid=26873400&amp;loc=d3e23780-122690<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 50<br> -Paragraph 13<br> -URI http://asc.fasb.org/extlink&amp;oid=65882285&amp;loc=d3e32698-109319<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate</td>
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of the difference between reported income tax expense (benefit) and expected income tax expense (benefit) computed by applying the domestic federal statutory income tax rates to pretax income (loss) from continuing operations attributable to noncontrolling interest income (loss) exempt from income taxes.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 50<br> -Paragraph 12<br> -URI http://asc.fasb.org/extlink&amp;oid=65882285&amp;loc=d3e32687-109319<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 50<br> -Paragraph 13<br> -URI http://asc.fasb.org/extlink&amp;oid=65882285&amp;loc=d3e32698-109319<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncomeTaxReconciliationMinorityInterestIncomeExpense</td>
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<td>us-gaap_</td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of the difference between reported income tax expense (benefit) and expected income tax expense (benefit) computed by applying the domestic federal statutory income tax rates to pretax income (loss) from continuing operations attributable to nondeductible equity-based compensation costs.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 50<br> -Paragraph 12<br> -URI http://asc.fasb.org/extlink&amp;oid=65882285&amp;loc=d3e32687-109319<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 50<br> -Paragraph 13<br> -URI http://asc.fasb.org/extlink&amp;oid=65882285&amp;loc=d3e32698-109319<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
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<td><strong> Balance Type:</strong></td>
<td>debit</td>
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<td>duration</td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncomeTaxReconciliationOtherReconcilingItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of the difference between reported income tax expense (benefit) and expected income tax expense (benefit) computed by applying the domestic federal statutory income tax rates to pretax income (loss) from continuing operations attributable to tax exempt income, equity in earnings (loss) of an unconsolidated subsidiary, minority noncontrolling interest income (loss), tax holiday, disposition of a business, disposition of an asset, repatriation of foreign earnings, repatriation of foreign earnings jobs creation act of 2004, increase (decrease) in enacted tax rate, prior year income taxes, increase (decrease) in deferred tax asset valuation allowance, and other adjustments.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 50<br> -Paragraph 13<br> -URI http://asc.fasb.org/extlink&amp;oid=65882285&amp;loc=d3e32698-109319<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 50<br> -Paragraph 12<br> -URI http://asc.fasb.org/extlink&amp;oid=65882285&amp;loc=d3e32687-109319<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncomeTaxReconciliationOtherReconcilingItems</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
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<td><strong> Balance Type:</strong></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncomeTaxReconciliationStateAndLocalIncomeTaxes">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of the difference between reported income tax expense (benefit) and expected income tax expense (benefit) computed by applying the domestic federal statutory income tax rates to pretax income (loss) from continuing operations attributable to state and local income tax expense (benefit).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 50<br> -Paragraph 13<br> -URI http://asc.fasb.org/extlink&amp;oid=65882285&amp;loc=d3e32698-109319<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 50<br> -Paragraph 12<br> -URI http://asc.fasb.org/extlink&amp;oid=65882285&amp;loc=d3e32687-109319<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 235<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.4-08(h)(2))<br> -URI http://asc.fasb.org/extlink&amp;oid=26873400&amp;loc=d3e23780-122690<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncomeTaxReconciliationStateAndLocalIncomeTaxes</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
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<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncomeTaxReconciliationTaxCredits">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of the difference between reported income tax expense (benefit) and expected income tax expense (benefit) computed by applying the domestic federal statutory income tax rates to pretax income (loss) from continuing operations attributable to tax credits. Including, but not limited to, research credit, foreign tax credit, investment tax credit, and other tax credits.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 50<br> -Paragraph 12<br> -URI http://asc.fasb.org/extlink&amp;oid=65882285&amp;loc=d3e32687-109319<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 50<br> -Paragraph 13<br> -URI http://asc.fasb.org/extlink&amp;oid=65882285&amp;loc=d3e32698-109319<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncomeTaxReconciliationTaxCredits</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
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<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
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<td><strong> Period Type:</strong></td>
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</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncomeTaxReconciliationTaxCreditsForeign">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of the difference between reported income tax expense (benefit) and expected income tax expense (benefit) computed by applying the domestic federal statutory income tax rates to pretax income (loss) from continuing operations attributable to foreign tax credit.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 50<br> -Paragraph 13<br> -URI http://asc.fasb.org/extlink&amp;oid=65882285&amp;loc=d3e32698-109319<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 50<br> -Paragraph 12<br> -URI http://asc.fasb.org/extlink&amp;oid=65882285&amp;loc=d3e32687-109319<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncomeTaxReconciliationTaxCreditsForeign</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
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<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
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<td>duration</td>
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<span style="display: none;">v3.5.0.2</span><table class="report" border="0" cellspacing="2" id="idp6919760272">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Note 15 - Income Taxes - Tax Effect of the Temporary Differences and Tax Carry Forwards Comprising Net Deferred Taxes (Details) - USD ($)<br></strong></div></th>
<th class="th"><div>Aug. 31, 2016</div></th>
<th class="th"><div>Aug. 31, 2015</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsEmployeeCompensation', window );">Accrued compensation</a></td>
<td class="nump">$ 150,600<span></span>
</td>
<td class="nump">$ 237,700<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DeferredTaxAssetsInventory', window );">Inventory costs</a></td>
<td class="nump">95,300<span></span>
</td>
<td class="nump">81,200<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ntic_DeferredJointVenturesExpenses', window );">Accrued joint venture expenses</a></td>
<td class="nump">54,200<span></span>
</td>
<td class="nump">93,200<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsOther', window );">Other accrued expenses</a></td>
<td class="nump">87,000<span></span>
</td>
<td class="nump">53,800<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DeferredTaxAssetsGoodwillAndIntangibleAssets', window );">Goodwill and other intangible assets</a></td>
<td class="nump">1,332,000<span></span>
</td>
<td class="nump">1,123,200<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost', window );">Stock-based compensation</a></td>
<td class="nump">210,600<span></span>
</td>
<td class="nump">308,900<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DeferredTaxAssetsTaxCreditCarryforwardsForeign', window );">Foreign tax credit carryforward</a></td>
<td class="nump">5,679,000<span></span>
</td>
<td class="nump">4,654,800<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DeferredTaxAssetsOtherTaxCarryforwards', window );">Other credit and loss carryforwards</a></td>
<td class="nump">3,214,300<span></span>
</td>
<td class="nump">2,262,000<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DeferredTaxAssetsGross', window );">Total deferred tax assets</a></td>
<td class="nump">10,823,000<span></span>
</td>
<td class="nump">8,814,800<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DeferredTaxAssetsValuationAllowance', window );">Valuation allowance</a></td>
<td class="num">(8,893,300)<span></span>
</td>
<td class="num">(6,889,900)<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DeferredTaxAssetsNet', window );">Total deferred tax assets after valuation allowance</a></td>
<td class="nump">1,929,700<span></span>
</td>
<td class="nump">1,924,900<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DeferredTaxLiabilitiesPropertyPlantAndEquipment', window );">Property and equipment</a></td>
<td class="num">(215,600)<span></span>
</td>
<td class="num">(204,000)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DeferredTaxLiabilitiesOther', window );">Other</a></td>
<td class="num">(74,300)<span></span>
</td>
<td class="num">(120,800)<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DeferredIncomeTaxLiabilities', window );">Total deferred tax liabilities</a></td>
<td class="num">(289,900)<span></span>
</td>
<td class="num">(324,800)<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DeferredTaxAssetsLiabilitiesNet', window );">Net deferred tax assets</a></td>
<td class="nump">$ 1,639,800<span></span>
</td>
<td class="nump">$ 1,600,100<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ntic_DeferredJointVenturesExpenses">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount before allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences from deferred joint venture expenses</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ntic_DeferredJointVenturesExpenses</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ntic_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DeferredIncomeTaxLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of deferred tax liability attributable to taxable temporary differences.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-03(15)(b)(2))<br> -URI http://asc.fasb.org/extlink&amp;oid=6879938&amp;loc=d3e572229-122910<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-03(15)(2))<br> -URI http://asc.fasb.org/extlink&amp;oid=6876686&amp;loc=d3e534808-122878<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Glossary Deferred Tax Liability<br> -URI http://asc.fasb.org/extlink&amp;oid=6510232<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(26)(a))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(26)(b))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=65882285&amp;loc=d3e32537-109319<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DeferredIncomeTaxLiabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DeferredTaxAssetsGoodwillAndIntangibleAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount before allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences from intangible assets including goodwill.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DeferredTaxAssetsGoodwillAndIntangibleAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DeferredTaxAssetsGross">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount before allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences and carryforwards.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=65882285&amp;loc=d3e32537-109319<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Glossary Deferred Tax Asset<br> -URI http://asc.fasb.org/extlink&amp;oid=6510090<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DeferredTaxAssetsGross</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DeferredTaxAssetsInventory">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount before allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences from inventory.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 25<br> -Paragraph 20<br> -URI http://asc.fasb.org/extlink&amp;oid=68052875&amp;loc=d3e28680-109314<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 50<br> -Paragraph 6<br> -URI http://asc.fasb.org/extlink&amp;oid=65882285&amp;loc=d3e32621-109319<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 50<br> -Paragraph 8<br> -URI http://asc.fasb.org/extlink&amp;oid=65882285&amp;loc=d3e32632-109319<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DeferredTaxAssetsInventory</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DeferredTaxAssetsLiabilitiesNet">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount, after allocation of valuation allowances and deferred tax liability, of deferred tax asset attributable to deductible differences and carryforwards, without jurisdictional netting.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=65882285&amp;loc=d3e32537-109319<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DeferredTaxAssetsLiabilitiesNet</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DeferredTaxAssetsNet">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount after allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences and carryforwards.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (b),(c)<br> -URI http://asc.fasb.org/extlink&amp;oid=65882285&amp;loc=d3e32537-109319<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DeferredTaxAssetsNet</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DeferredTaxAssetsOtherTaxCarryforwards">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount, before allocation of valuation allowance, of deferred tax asset attributable to deductible tax carryforwards, classified as other.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 50<br> -Paragraph 6<br> -URI http://asc.fasb.org/extlink&amp;oid=65882285&amp;loc=d3e32621-109319<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 50<br> -Paragraph 8<br> -URI http://asc.fasb.org/extlink&amp;oid=65882285&amp;loc=d3e32632-109319<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 25<br> -Paragraph 20<br> -URI http://asc.fasb.org/extlink&amp;oid=68052875&amp;loc=d3e28680-109314<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DeferredTaxAssetsOtherTaxCarryforwards</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DeferredTaxAssetsTaxCreditCarryforwardsForeign">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount before allocation of valuation allowances of deferred tax asset attributable to deductible foreign tax credit carryforwards.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 50<br> -Paragraph 3<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=65882285&amp;loc=d3e32559-109319<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 50<br> -Paragraph 6<br> -URI http://asc.fasb.org/extlink&amp;oid=65882285&amp;loc=d3e32621-109319<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 50<br> -Paragraph 8<br> -URI http://asc.fasb.org/extlink&amp;oid=65882285&amp;loc=d3e32632-109319<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DeferredTaxAssetsTaxCreditCarryforwardsForeign</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsEmployeeCompensation">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount before allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences from employee compensation.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 50<br> -Paragraph 6<br> -URI http://asc.fasb.org/extlink&amp;oid=65882285&amp;loc=d3e32621-109319<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 50<br> -Paragraph 8<br> -URI http://asc.fasb.org/extlink&amp;oid=65882285&amp;loc=d3e32632-109319<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 25<br> -Paragraph 20<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=68052875&amp;loc=d3e28680-109314<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsEmployeeCompensation</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount before allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences from share-based compensation.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 50<br> -Paragraph 8<br> -URI http://asc.fasb.org/extlink&amp;oid=65882285&amp;loc=d3e32632-109319<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 25<br> -Paragraph 20<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=68052875&amp;loc=d3e28680-109314<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 50<br> -Paragraph 6<br> -URI http://asc.fasb.org/extlink&amp;oid=65882285&amp;loc=d3e32621-109319<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsOther">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount, before allocation of valuation allowance, of deferred tax asset attributable to deductible temporary differences from reserves and accruals, classified as other.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 50<br> -Paragraph 8<br> -URI http://asc.fasb.org/extlink&amp;oid=65882285&amp;loc=d3e32632-109319<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 25<br> -Paragraph 20<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=68052875&amp;loc=d3e28680-109314<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 50<br> -Paragraph 6<br> -URI http://asc.fasb.org/extlink&amp;oid=65882285&amp;loc=d3e32621-109319<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsOther</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DeferredTaxAssetsValuationAllowance">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of deferred tax assets for which it is more likely than not that a tax benefit will not be realized.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (c)<br> -URI http://asc.fasb.org/extlink&amp;oid=65882285&amp;loc=d3e32537-109319<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DeferredTaxAssetsValuationAllowance</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DeferredTaxLiabilitiesOther">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of deferred tax liability attributable to taxable temporary differences classified as other.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 50<br> -Paragraph 8<br> -URI http://asc.fasb.org/extlink&amp;oid=65882285&amp;loc=d3e32632-109319<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 25<br> -Paragraph 20<br> -URI http://asc.fasb.org/extlink&amp;oid=68052875&amp;loc=d3e28680-109314<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 50<br> -Paragraph 6<br> -URI http://asc.fasb.org/extlink&amp;oid=65882285&amp;loc=d3e32621-109319<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DeferredTaxLiabilitiesOther</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DeferredTaxLiabilitiesPropertyPlantAndEquipment">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of deferred tax liability attributable to taxable temporary differences from property, plant, and equipment.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 50<br> -Paragraph 8<br> -URI http://asc.fasb.org/extlink&amp;oid=65882285&amp;loc=d3e32632-109319<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 50<br> -Paragraph 6<br> -URI http://asc.fasb.org/extlink&amp;oid=65882285&amp;loc=d3e32621-109319<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 25<br> -Paragraph 20<br> -URI http://asc.fasb.org/extlink&amp;oid=68052875&amp;loc=d3e28680-109314<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DeferredTaxLiabilitiesPropertyPlantAndEquipment</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
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<span style="display: none;">v3.5.0.2</span><table class="report" border="0" cellspacing="2" id="idp6747171008">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Note 15 - Income Taxes - Reconciliation of the Total Amounts of Unrecognized Tax Benefits (Details) - USD ($)<br></strong></div></th>
<th class="th" colspan="2">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Aug. 31, 2016</div></th>
<th class="th"><div>Aug. 31, 2015</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_UnrecognizedTaxBenefits', window );">Gross unrecognized tax benefits &#8211; beginning balance</a></td>
<td class="nump">$ 203,000<span></span>
</td>
<td class="nump">$ 180,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions', window );">Gross increases - prior period tax positions</a></td>
<td class="nump">15,000<span></span>
</td>
<td class="nump">15,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions', window );">Gross increases &#8211; current period tax positions</a></td>
<td class="nump">20,000<span></span>
</td>
<td class="nump">8,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_UnrecognizedTaxBenefits', window );">Gross unrecognized tax benefits &#8211; ending balance</a></td>
<td class="nump">$ 238,000<span></span>
</td>
<td class="nump">$ 203,000<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_UnrecognizedTaxBenefits">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of unrecognized tax benefits.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 50<br> -Paragraph 15A<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=65882285&amp;loc=SL6600010-109319<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Glossary Unrecognized Tax Benefit<br> -URI http://asc.fasb.org/extlink&amp;oid=6527854<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_UnrecognizedTaxBenefits</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of increase in unrecognized tax benefits resulting from tax positions that have been or will be taken in current period tax return.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 50<br> -Paragraph 15A<br> -Subparagraph (a)(2)<br> -URI http://asc.fasb.org/extlink&amp;oid=65882285&amp;loc=SL6600010-109319<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of increase in unrecognized tax benefits resulting from tax positions taken in prior period tax returns.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 50<br> -Paragraph 15A<br> -Subparagraph (a)(1)<br> -URI http://asc.fasb.org/extlink&amp;oid=65882285&amp;loc=SL6600010-109319<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
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<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
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</head>
<body>
<span style="display: none;">v3.5.0.2</span><table class="report" border="0" cellspacing="2" id="idp6748125408">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Note 16 - Commitments and Contingencies (Details Textual)<br></strong></div></th>
<th class="th" colspan="2">12 Months Ended</th>
</tr>
<tr>
<th class="th">
<div>Aug. 31, 2016 </div>
<div>USD ($)</div>
</th>
<th class="th">
<div>Aug. 31, 2015 </div>
<div>USD ($)</div>
</th>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DeferredCompensationArrangementWithIndividualExcludingShareBasedPaymentsAndPostretirementBenefitsByTypeOfDeferredCompensationAxis=ntic_Fiscal2017BonusPlanMember', window );">Fiscal 2017 Bonus Plan [Member] | Executive Officer [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ntic_PercentageOfIndividualBonusPayoutDeterminedByActualVersusTargetedEBITOIResults', window );">Percentage of Individual Bonus Payout Determined by Actual Versus Targeted EBITOI Results</a></td>
<td class="nump">75.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ntic_PercentageOfIndividualsPayoutDeterminedUponAchievementOfCertainPreEstablishedIndividualPerformanceObjectives', window );">Percentage of Individuals Payout Determined Upon Achievement of Certain Pre-Established Individual Performance Objectives</a></td>
<td class="nump">25.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DeferredCompensationArrangementWithIndividualExcludingShareBasedPaymentsAndPostretirementBenefitsByTypeOfDeferredCompensationAxis=ntic_Fiscal2016BonusPlanMember', window );">Fiscal 2016 Bonus Plan [Member] | Executive Officer [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ntic_PercentageOfIndividualBonusPayoutDeterminedByActualVersusTargetedEBITOIResults', window );">Percentage of Individual Bonus Payout Determined by Actual Versus Targeted EBITOI Results</a></td>
<td class="nump">75.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ntic_PercentageOfIndividualsPayoutDeterminedUponAchievementOfCertainPreEstablishedIndividualPerformanceObjectives', window );">Percentage of Individuals Payout Determined Upon Achievement of Certain Pre-Established Individual Performance Objectives</a></td>
<td class="nump">25.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LeaseArrangementTypeAxis=ntic_OfficeAndWarehouseSpaceMember', window );">Office and Warehouse Space [Member] | United States, China, India, Germany, and Brazil [Member] | Minimum [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ntic_OperatingLeasesMonthlyRentExpense', window );">Operating Leases, Monthly Rent Expense</a></td>
<td class="nump">$ 1,090<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LeaseArrangementTypeAxis=ntic_OfficeAndWarehouseSpaceMember', window );">Office and Warehouse Space [Member] | United States, China, India, Germany, and Brazil [Member] | Maximum [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ntic_OperatingLeasesMonthlyRentExpense', window );">Operating Leases, Monthly Rent Expense</a></td>
<td class="nump">11,539<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccruedBonusesCurrentAndNoncurrent', window );">Accrued Bonuses</a></td>
<td class="nump">$ 450,000<span></span>
</td>
<td class="nump">$ 620,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ntic_NumberOfJointVenturesAccountedForCertainPercentageOfCompanysTradeJointVentureReceivables', window );">Number of Joint Ventures Accounted For Certain Percentage of Company's Trade Joint Venture Receivables</a></td>
<td class="nump">3<span></span>
</td>
<td class="nump">4<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ntic_EntityWideTradeJointVentureReceivablesFourJointVenturespercentage', window );">Entity Wide Trade Joint Venture Receivables, Four Joint Ventures,Percentage</a></td>
<td class="nump">55.80%<span></span>
</td>
<td class="nump">67.00%<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ntic_EntityWideTradeJointVentureReceivablesFourJointVenturespercentage">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Percentage of total trade joint venture receivables accounted for by four joint ventures.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ntic_EntityWideTradeJointVentureReceivablesFourJointVenturespercentage</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ntic_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ntic_NumberOfJointVenturesAccountedForCertainPercentageOfCompanysTradeJointVentureReceivables">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Number of Joint Ventures Accounted for a Certain Percentage of Company&#8217;s Trade Joint Venture Receivables.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ntic_NumberOfJointVenturesAccountedForCertainPercentageOfCompanysTradeJointVentureReceivables</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ntic_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:integerItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ntic_OperatingLeasesMonthlyRentExpense">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of monthly rent expense incurred for leased assets, including but not limited to, furniture and equipment, that is not directly or indirectly associated with the manufacture, sale or creation of a product or product line.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ntic_OperatingLeasesMonthlyRentExpense</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ntic_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ntic_PercentageOfIndividualBonusPayoutDeterminedByActualVersusTargetedEBITOIResults">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Percentage of individual's bonus payout determined based upon the Company's actual EBITOI for the fiscal year compared to pre-established target EBITOI for the fiscal year.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ntic_PercentageOfIndividualBonusPayoutDeterminedByActualVersusTargetedEBITOIResults</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ntic_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ntic_PercentageOfIndividualsPayoutDeterminedUponAchievementOfCertainPreEstablishedIndividualPerformanceObjectives">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Percentage of individual's payout determined based upon achievement of certain pre-established individual performance objectives.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ntic_PercentageOfIndividualsPayoutDeterminedUponAchievementOfCertainPreEstablishedIndividualPerformanceObjectives</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ntic_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AccruedBonusesCurrentAndNoncurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Carrying value as of the balance sheet date of obligations incurred and payable for incentive compensation awarded to employees and directors or earned by them based on the terms of one or more relevant arrangements.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-03.15(5))<br> -URI http://asc.fasb.org/extlink&amp;oid=6876686&amp;loc=d3e534808-122878<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-03.15(a))<br> -URI http://asc.fasb.org/extlink&amp;oid=6879938&amp;loc=d3e572229-122910<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AccruedBonusesCurrentAndNoncurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DeferredCompensationArrangementWithIndividualExcludingShareBasedPaymentsAndPostretirementBenefitsByTypeOfDeferredCompensationAxis=ntic_Fiscal2017BonusPlanMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DeferredCompensationArrangementWithIndividualExcludingShareBasedPaymentsAndPostretirementBenefitsByTypeOfDeferredCompensationAxis=ntic_Fiscal2017BonusPlanMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_TitleOfIndividualAxis=us-gaap_ExecutiveOfficerMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_TitleOfIndividualAxis=us-gaap_ExecutiveOfficerMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DeferredCompensationArrangementWithIndividualExcludingShareBasedPaymentsAndPostretirementBenefitsByTypeOfDeferredCompensationAxis=ntic_Fiscal2016BonusPlanMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DeferredCompensationArrangementWithIndividualExcludingShareBasedPaymentsAndPostretirementBenefitsByTypeOfDeferredCompensationAxis=ntic_Fiscal2016BonusPlanMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LeaseArrangementTypeAxis=ntic_OfficeAndWarehouseSpaceMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LeaseArrangementTypeAxis=ntic_OfficeAndWarehouseSpaceMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StatementGeographicalAxis=ntic_UnitedStatesChinaIndiaGermanyAndBrazilMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StatementGeographicalAxis=ntic_UnitedStatesChinaIndiaGermanyAndBrazilMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RangeAxis=us-gaap_MinimumMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RangeAxis=us-gaap_MinimumMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RangeAxis=us-gaap_MaximumMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RangeAxis=us-gaap_MaximumMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>91
<FILENAME>R75.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
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<span style="display: none;">v3.5.0.2</span><table class="report" border="0" cellspacing="2" id="idp6898563952">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Note 16 - Commitments and Contingencies - Future Minimum Rents Due (Details)<br></strong></div></th>
<th class="th">
<div>Aug. 31, 2016 </div>
<div>USD ($)</div>
</th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OperatingLeasesFutureMinimumPaymentsDueCurrent', window );">FY 2017</a></td>
<td class="nump">$ 191,631<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OperatingLeasesFutureMinimumPaymentsDueInTwoYears', window );">FY 2018</a></td>
<td class="nump">176,040<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OperatingLeasesFutureMinimumPaymentsDueInThreeYears', window );">FY 2019</a></td>
<td class="nump">60,652<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OperatingLeasesFutureMinimumPaymentsDueInFourYears', window );">FY 2020</a></td>
<td class="nump">40,579<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OperatingLeasesFutureMinimumPaymentsDueInFiveYears', window );">FY 2021</a></td>
<td class="nump">40,579<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OperatingLeasesFutureMinimumPaymentsDueThereafter', window );">Thereafter</a></td>
<td class="nump">88,463<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OperatingLeasesFutureMinimumPaymentsDue', window );">Total future minimum payments due</a></td>
<td class="nump">$ 597,944<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OperatingLeasesFutureMinimumPaymentsDue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of required minimum rental payments for leases having an initial or remaining non-cancelable letter-terms in excess of one year.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 840<br> -SubTopic 10<br> -Section 55<br> -Paragraph 40<br> -Subparagraph (Note 3)<br> -URI http://asc.fasb.org/extlink&amp;oid=6584154&amp;loc=d3e38371-112697<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 840<br> -SubTopic 20<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=6453985&amp;loc=d3e41502-112717<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OperatingLeasesFutureMinimumPaymentsDue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OperatingLeasesFutureMinimumPaymentsDueCurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of required minimum rental payments for operating leases having an initial or remaining non-cancelable lease term in excess of one year due in the next fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 840<br> -SubTopic 10<br> -Section 55<br> -Paragraph 40<br> -Subparagraph (Note 3)<br> -URI http://asc.fasb.org/extlink&amp;oid=6584154&amp;loc=d3e38371-112697<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 840<br> -SubTopic 20<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=6453985&amp;loc=d3e41502-112717<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OperatingLeasesFutureMinimumPaymentsDueCurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OperatingLeasesFutureMinimumPaymentsDueInFiveYears">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of required minimum rental payments for operating leases having an initial or remaining non-cancelable lease term in excess of one year due in the fifth fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 840<br> -SubTopic 20<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=6453985&amp;loc=d3e41502-112717<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 840<br> -SubTopic 10<br> -Section 55<br> -Paragraph 40<br> -Subparagraph (Note 3)<br> -URI http://asc.fasb.org/extlink&amp;oid=6584154&amp;loc=d3e38371-112697<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OperatingLeasesFutureMinimumPaymentsDueInFiveYears</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OperatingLeasesFutureMinimumPaymentsDueInFourYears">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of required minimum rental payments for operating leases having an initial or remaining non-cancelable lease term in excess of one year due in the fourth fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 840<br> -SubTopic 20<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=6453985&amp;loc=d3e41502-112717<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 840<br> -SubTopic 10<br> -Section 55<br> -Paragraph 40<br> -Subparagraph (Note 3)<br> -URI http://asc.fasb.org/extlink&amp;oid=6584154&amp;loc=d3e38371-112697<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OperatingLeasesFutureMinimumPaymentsDueInFourYears</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OperatingLeasesFutureMinimumPaymentsDueInThreeYears">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of required minimum rental payments for operating leases having an initial or remaining non-cancelable lease term in excess of one year due in the third fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 840<br> -SubTopic 20<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=6453985&amp;loc=d3e41502-112717<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 840<br> -SubTopic 10<br> -Section 55<br> -Paragraph 40<br> -Subparagraph (Note 3)<br> -URI http://asc.fasb.org/extlink&amp;oid=6584154&amp;loc=d3e38371-112697<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OperatingLeasesFutureMinimumPaymentsDueInThreeYears</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OperatingLeasesFutureMinimumPaymentsDueInTwoYears">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of required minimum rental payments for operating leases having an initial or remaining non-cancelable lease term in excess of one year due in the second fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 840<br> -SubTopic 10<br> -Section 55<br> -Paragraph 40<br> -Subparagraph (Note 3)<br> -URI http://asc.fasb.org/extlink&amp;oid=6584154&amp;loc=d3e38371-112697<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 840<br> -SubTopic 20<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=6453985&amp;loc=d3e41502-112717<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OperatingLeasesFutureMinimumPaymentsDueInTwoYears</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OperatingLeasesFutureMinimumPaymentsDueThereafter">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of required minimum rental payments for operating leases having an initial or remaining non-cancelable lease term in excess of one year due after the fifth fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 840<br> -SubTopic 10<br> -Section 55<br> -Paragraph 40<br> -Subparagraph (Note 3)<br> -URI http://asc.fasb.org/extlink&amp;oid=6584154&amp;loc=d3e38371-112697<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 840<br> -SubTopic 20<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=6453985&amp;loc=d3e41502-112717<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OperatingLeasesFutureMinimumPaymentsDueThereafter</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>92
<FILENAME>R76.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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<span style="display: none;">v3.5.0.2</span><table class="report" border="0" cellspacing="2" id="idp6919680080">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Note 17 - Statements of Cash Flows - Supplemental Disclosures of Cash Flow Information (Details) - USD ($)<br></strong></div></th>
<th class="th" colspan="2">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Aug. 31, 2016</div></th>
<th class="th"><div>Aug. 31, 2015</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeTaxesPaidNet', window );">Cash paid during the year for income tax</a></td>
<td class="nump">$ 610,000<span></span>
</td>
<td class="nump">$ 542,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InterestPaidNet', window );">Cash paid during the year for interest</a></td>
<td class="nump">$ 13,261<span></span>
</td>
<td class="nump">$ 20,960<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncomeTaxesPaidNet">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of cash paid during the current period to foreign, federal, state, and local authorities as taxes on income, net of any cash received during the current period as refunds for the overpayment of taxes.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=6367179&amp;loc=d3e4297-108586<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncomeTaxesPaidNet</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of cash paid for interest during the period net of cash paid for interest that is capitalized.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=6367179&amp;loc=d3e4297-108586<br></p></div>
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<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Note 18 - Fair Value Measurements - Assets and Liabilities Measured at Fair Value Recurring Basis (Details) - USD ($)<br></strong></div></th>
<th class="th"><div>Aug. 31, 2016</div></th>
<th class="th"><div>Aug. 31, 2015</div></th>
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<td class="text">&#160;<span></span>
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<td class="text">&#160;<span></span>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecurities', window );">Available for sale securities</a></td>
<td class="nump">$ 2,243,864<span></span>
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<td class="nump">$ 2,027,441<span></span>
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<td class="nump">$ 2,027,441<span></span>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of investment in debt and equity securities categorized neither as held-to-maturity nor trading.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 320<br> -SubTopic 10<br> -Section 25<br> -Paragraph 1<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=65884222&amp;loc=d3e22054-111558<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 320<br> -SubTopic 10<br> -Section 50<br> -Paragraph 5<br> -Subparagraph (aa)<br> -URI http://asc.fasb.org/extlink&amp;oid=73527792&amp;loc=d3e27232-111563<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 320<br> -SubTopic 10<br> -Section 45<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=66010992&amp;loc=d3e26610-111562<br></p></div>
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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
