XML 17 R4.htm IDEA: XBRL DOCUMENT v3.3.1.900
Consolidated Statements of Operations (Unaudited) - USD ($)
 3 Months Ended 6 Months Ended
Feb. 29, 2016
Feb. 28, 2015
Feb. 29, 2016
Feb. 28, 2015
NET SALES:        
Net sales, excluding joint ventures $ 7,027,614 $ 5,995,543 $ 13,529,024 $ 12,476,534
Net sales, to joint ventures 677,320 733,166 1,200,347 1,466,270
Total net sales 7,704,934 6,728,709 14,729,371 13,942,804
Cost of goods sold 5,268,224 4,657,740 10,143,647 [1] 9,464,351 [1]
Gross profit 2,436,710 2,070,969 4,585,724 4,478,453
JOINT VENTURE OPERATIONS:        
Equity in income of joint ventures 952,667 1,474,649 1,936,420 3,081,332
Fees for services provided to joint ventures 971,042 994,860 2,456,471 3,128,530
Total joint venture operations 1,923,709 2,469,509 4,392,891 6,209,862
OPERATING EXPENSES:        
Selling expenses 1,475,433 1,339,441 3,000,516 2,734,328
General and administrative expenses 1,509,087 1,552,861 3,366,700 3,091,123
Expenses incurred in support of joint ventures 297,470 656,127 614,464 1,183,244
Research and development expenses 1,113,525 854,256 2,117,622 1,904,169
Total operating expenses 4,395,515 4,402,685 9,099,302 8,912,864
OPERATING (LOSS) INCOME (35,096) 137,793 (120,687) 1,775,451
INTEREST INCOME 14,384 2,434 28,557 17,561
INTEREST EXPENSE (10,796) (3,223) (15,522) (8,228)
OTHER INCOME 961 2,145 961 2,145
(LOSS) INCOME BEFORE INCOME TAX EXPENSE (30,547) 139,149 (106,691) 1,786,929
INCOME TAX EXPENSE 40,466 197,614 36,964 381,298
NET (LOSS) INCOME (71,013) (58,465) (143,655) 1,405,631
NET INCOME ATTRIBUTABLE TO NON-CONTROLLING INTERESTS 36,776 70,179 198,485 526,010
NET (LOSS) INCOME ATTRIBUTABLE TO NTIC $ (107,789) $ (128,644) $ (342,140) $ 879,621
NET (LOSS) INCOME ATTRIBUTABLE TO NTIC PER COMMON SHARE:        
Basic (in dollars per share) $ (0.02) $ (0.03) $ (0.08) $ 0.20
Diluted (in dollars per share) $ (0.02) $ (0.03) $ (0.08) $ 0.19
WEIGHTED AVERAGE COMMON SHARES ASSUMED OUTSTANDING:        
Basic (in shares) 4,537,429 4,522,514 4,536,995 4,516,311
Diluted (in shares) 4,537,429 4,522,514 4,536,995 4,655,792
[1] The percent of segment sales is calculated by dividing the direct cost of goods sold for each individual segment category by the net sales for each segment category.