XML 49 R36.htm IDEA: XBRL DOCUMENT v3.7.0.1
Note 6 - Investments in Joint Ventures - Condensed Balance Sheet of EXCOR and All Other Joint Ventures (Details) - USD ($)
May 31, 2017
Aug. 31, 2016
Total assets $ 52,062,465 $ 52,407,026
Current liabilities 13,773,839 12,433,700
Noncurrent liabilities 247,572 100,783
Joint ventures’ equity 38,041,054 39,872,543
Northern Technologies International Corporation’s share of joint ventures’ equity 18,903,473 19,840,774
Northern Technologies International Corporation’s share of joint ventures’ undistributed earnings 16,829,258 17,779,912
Current assets 48,064,624 48,922,924
EXCOR [Member]    
Total assets 21,882,519 24,733,340
Current liabilities 3,028,386 3,485,213
Noncurrent liabilities
Joint ventures’ equity 18,854,133 21,248,109
Northern Technologies International Corporation’s share of joint ventures’ equity 9,427,068 10,624,056
Northern Technologies International Corporation’s share of joint ventures’ undistributed earnings 9,396,163 10,593,151
Current assets 19,820,904 22,928,810
Joint Venture in India [Member]    
Total assets 4,658,050 4,352,573
Current liabilities 1,412,054 1,097,231
Noncurrent liabilities 14,201 6,382
Joint ventures’ equity 3,231,795 3,248,960
Northern Technologies International Corporation’s share of joint ventures’ equity 1,615,898 1,624,480
Northern Technologies International Corporation’s share of joint ventures’ undistributed earnings 751,076 759,658
Current assets 4,322,253 4,027,016
Joint Venture in Finland [Member]    
Total assets 2,216,723 2,211,392
Current liabilities 547,007 546,506
Noncurrent liabilities
Joint ventures’ equity 1,669,716 1,664,886
Northern Technologies International Corporation’s share of joint ventures’ equity 834,856 832,442
Northern Technologies International Corporation’s share of joint ventures’ undistributed earnings 814,856 812,442
Current assets 1,929,781 1,928,861
All Other [Member]    
Total assets 23,305,173 21,109,721
Current liabilities 8,786,392 7,304,730
Noncurrent liabilities 233,371 94,401
Joint ventures’ equity 14,285,410 13,710,588
Northern Technologies International Corporation’s share of joint ventures’ equity 7,025,651 6,759,796
Northern Technologies International Corporation’s share of joint ventures’ undistributed earnings 5,867,163 5,614,661
Current assets $ 21,991,686 $ 20,038,237