XML 20 R4.htm IDEA: XBRL DOCUMENT v3.6.0.2
Consolidated Statements of Operations (Unaudited) - USD ($)
 3 Months Ended
Nov. 30, 2016
Nov. 30, 2015
NET SALES:    
Net sales, excluding joint ventures $ 9,000,224 $ 6,501,410
Net sales, to joint ventures 701,799 523,027
Total net sales 9,702,023 7,024,437
Cost of goods sold 6,612,766 4,875,423
Gross profit 3,089,257 2,149,014
JOINT VENTURE OPERATIONS:    
Equity in income of joint ventures 1,274,004 983,753
Fees for services provided to joint ventures 1,315,591 1,485,429
Total joint venture operations 2,589,595 2,469,182
OPERATING EXPENSES:    
Selling expenses 2,039,084 1,525,083
General and administrative expenses 2,471,780 2,174,607
Research and development expenses 642,522 1,004,097
Total operating expenses 5,153,386 4,703,787
OPERATING INCOME (LOSS) 525,466 (85,591)
INTEREST INCOME 3,563 14,173
INTEREST EXPENSE (4,623) (4,726)
INCOME (LOSS) BEFORE INCOME TAX EXPENSE 524,406 (76,144)
INCOME TAX EXPENSE (BENEFIT) 117,713 (3,502)
NET INCOME (LOSS) 406,693 (72,642)
NET INCOME ATTRIBUTABLE TO NON-CONTROLLING INTERESTS 109,054 161,709
NET INCOME (LOSS) ATTRIBUTABLE TO NTIC $ 297,639 $ (234,351)
NET INCOME (LOSS) ATTRIBUTABLE TO NTIC PER COMMON SHARE:    
Basic (in dollars per share) $ 0.07 $ (0.05)
Diluted (in dollars per share) $ 0.07 $ (0.05)
WEIGHTED AVERAGE COMMON SHARES ASSUMED OUTSTANDING:    
Basic (in shares) 4,531,950 4,538,371
Diluted (in shares) 4,558,878 4,538,371