XML 37 R24.htm IDEA: XBRL DOCUMENT

Note 6 - Investments in Joint Ventures (Tables)

6 Months Ended

Feb. 29, 2016

Notes Tables

Condensed Balance Sheet [Table Text Block]

		February 29, 2016
		Total				EXCOR				All Other
Current assets		$	44,915,882			$	20,543,914			$	24,371,968
Total assets			48,456,556				22,412,469				26,044,087
Current liabilities			12,346,248				3,517,274				8,828,974
Noncurrent liabilities			89,039				—				89,039
Joint ventures’ equity			36,021,269				18,895,195				17,126,074
Northern Technologies International Corporation’s share of joint ventures’ equity			17,952,996				9,447,599				8,505,397
Northern Technologies International Corporation’s share of joint ventures’ undistributed earnings		$	15,892,135			$	9,416,694			$	6,475,441

		August 31, 2015
		Total				EXCOR				All Other
Current assets		$	49,295,116			$	22,620,323			$	26,674,793
Total assets			52,853,938				24,606,880				28,247,058
Current liabilities			12,288,383				3,360,142				8,928,241
Noncurrent liabilities			1,215,139				—				1,215,139
Joint ventures’ equity			39,350,417				21,246,738				18,103,679
Northern Technologies International Corporation’s share of joint ventures’ equity			20,544,238				11,571,361				8,972,877
Northern Technologies International Corporation’s share of joint ventures’ undistributed earnings		$	18,483,377			$	11,540,456			$	6,942,921

Condensed Income Statement [Table Text Block]

		Six Months Ended February 29, 2016
		Total				EXCOR				All Other
Net sales		$	42,000,424			$	15,618,735			$	26,381,689
Gross profit			18,523,102				8,059,186				10,463,916
Net income			3,872,728				2,960,951				911,777
Northern Technologies International Corporation’s share of equity in income of joint ventures		$	1,936,420			$	1,480,975			$	455,445

		Six Months Ended February 28, 2015
		Total				EXCOR				Tianjin Zerust				All Other
Net sales		$	52,178,238			$	18,383,653			$	3,735,457			$	30,059,128
Gross profit			25,540,546				9,766,973				1,783,673				13,989,900
Net income			6,152,182				3,924,547				265,648				1,961,987
Northern Technologies International Corporation’s share of equity in income of joint ventures		$	3,081,331			$	1,962,047			$	132,824			$	986,460