XML 48 R31.htm IDEA: XBRL DOCUMENT v3.10.0.1
Note 6 - Investments in Joint Ventures (Tables)
12 Months Ended
Aug. 31, 2018
Notes Tables  
Condensed Balance Sheet [Table Text Block]
    As of August 31, 2018
    Total   EXCOR   All Other
Current assets   $
58,086,747
    $
27,354,788
    $
30,731,959
 
Total assets    
62,803,261
     
30,033,750
     
32,769,511
 
Current liabilities    
15,991,886
     
4,535,954
     
11,455,932
 
Noncurrent liabilities    
403,653
     
     
403,653
 
Joint ventures’ equity    
46,407,722
     
25,497,796
     
20,909,926
 
Northern Technologies International Corporation’s share of joint ventures’ equity    
22,950,995
     
12,748,899
     
10,195,263
 
Northern Technologies International Corporation’s share of joint ventures’ undistributed earnings   $
20,921,783
    $
12,717,994
    $
8,203,789
 
    As of August 31, 2017
    Total   EXCOR   All Other
Current assets   $
51,518,210
    $
22,142,514
    $
29,375,696
 
Total assets    
55,633,891
     
24,301,194
     
31,332,697
 
Current liabilities    
15,118,074
     
4,469,567
     
10,648,507
 
Noncurrent liabilities    
181,210
     
     
181,210
 
Joint ventures’ equity    
40,334,607
     
19,831,627
     
20,502,980
 
Northern Technologies International Corporation’s share of joint ventures’ equity    
20,035,074
     
9,915,816
     
10,119,258
 
Northern Technologies International Corporation’s share of joint ventures’ undistributed earnings   $
17,960,860
    $
9,884,911
    $
8,075,949
 
Condensed Income Statement [Table Text Block]
    Fiscal Year Ended August 31, 2018
    Total   EXCOR   All Other
Net sales   $
120,060,897
    $
47,537,949
    $
72,522,948
 
Gross profit    
53,348,459
     
25,584,666
     
27,763,793
 
Net income    
15,300,276
     
11,095,523
     
4,204,753
 
Northern Technologies International Corporation’s share of equity in income of joint ventures    
7,527,383
     
5,549,765
     
1,977,618
 
Northern Technologies International Corporation’s dividends received from joint ventures   $
3,697,503
    $
2,357,544
    $
1,339,959
 
    Fiscal Year Ended August 31, 2017
    Total   EXCOR   All Other
Net sales   $
101,261,132
    $
39,849,757
    $
61,411,375
 
Gross profit    
44,861,300
     
21,133,632
     
23,727,668
 
Net income    
11,839,933
     
8,369,728
     
3,470,205
 
Northern Technologies International Corporation’s share of equity in income of joint ventures    
5,898,908
     
4,185,988
     
1,712,920
 
Northern Technologies International Corporation’s dividends received from joint ventures   $
6,377,054
    $
5,379,062
    $
997,992