XML 37 R24.htm IDEA: XBRL DOCUMENT v3.5.0.2
Note 6 - Investments in Joint Ventures (Tables)
9 Months Ended
May 31, 2016
Notes Tables  
Condensed Balance Sheet [Table Text Block]
    May 31, 2016
    Total   EXCOR   All Other
Current assets   $ 47,930,421     $ 22,433,723     $ 25,496,698  
Total assets     51,389,757       24,189,092       27,200,665  
Current liabilities     13,952,018       4,602,925       9,349,093  
Noncurrent liabilities     103,392             103,392  
Joint ventures’ equity     37,334,348       19,586,166       17,748,182  
Northern Technologies International Corporation’s share of joint ventures’ equity     18,604,871       9,793,085       8,811,786  
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]
    Nine Months Ended May 31, 2016
    Total   EXCOR   All Other
Net sales   $ 66,223,514     $ 25,314,260     $ 40,909,254  
Gross profit     29,745,795       13,512,404       16,233,391  
Net income     7,188,274       5,409,407       1,778,867  
Northern Technologies International Corporation’s share of equity in income of joint ventures   $ 3,600,884     $ 2,714,905     $ 885,979  
                         
    Nine Months Ended May 31, 2015
    Total   EXCOR   Tianjin
Zerust
  All Other
Net sales   $ 75,974,770     $ 27,580,051     $ 3,735,457     $ 44,659,262  
Gross profit     37,469,186       15,113,100       1,783,673       20,572,413  
Net income     9,634,318       6,334,009       265,648       3,034,661  
Northern Technologies International Corporation’s share of equity in income of joint ventures   $ 4,806,247     $ 3,152,489     $ 132,824     $ 1,520,934