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Note 6 - Investments in Joint Ventures (Tables)

3 Months Ended

Nov. 30, 2018

Notes Tables

Condensed Balance Sheet [Table Text Block]

		As of November 30, 2018
		Total				EXCOR				All Other
Current assets		$	58,993,098			$	28,075,384			$	30,917,714
Total assets			63,792,622				30,821,905				32,970,717
Current liabilities			16,579,222				4,629,942				11,949,280
Noncurrent liabilities			409,444				—				409,444
Joint ventures’ equity			46,789,400				26,191,964				20,597,436
Northern Technologies International Corporation’s share of joint ventures’ equity			23,111,834				13,095,984				10,015,850
Northern Technologies International Corporation’s share of joint ventures’ undistributed earnings		$	21,082,622			$	13,065,079			$	8,017,543
Northern Technologies International Corporation's dividends received from joint ventures		$	1,486,705			$	843,750			$	642,955

		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

Condensed Income Statement [Table Text Block]

		Three Months Ended November 30, 2018
		Total				EXCOR				All Other
Net sales		$	30,479,926			$	12,869,523			$	17,610,403
Gross profit			13,356,891				6,683,574				6,673,317
Net income			4,163,791				3,039,802				1,123,989
Northern Technologies International Corporation’s share of equity in income from joint ventures			2,004,162				1,519,901				484,261
Northern Technologies International Corporation's dividends received from joint ventures		$	1,486,705			$	843,750			$	642,955

		Three Months Ended November 30, 2017
		Total				EXCOR				All Other
Net sales		$	28,498,711			$	11,026,514			$	17,472,197
Gross profit			12,788,122				5,933,526				6,854,596
Net income			3,499,815				2,483,800				1,016,015
Northern Technologies International Corporation’s share of equity in income from joint ventures		$	1,741,328			$	1,241,900			$	499,428
Northern Technologies International Corporation's dividends received from joint ventures		$	63,937				—			$	63,937

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- Definition

Tabular disclosure of condensed balance sheet, including, but not limited to, balance sheets of consolidated entities and consolidation eliminations.

+ References

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-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 3
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-Number 210
-Section 3
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