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Note 6 - Investments in Joint Ventures (Tables)

9 Months Ended

May 31, 2019

Notes Tables

Condensed Balance Sheet [Table Text Block]

		As of May 31, 2019
			Total				EXCOR				All Other
Current assets		$	60,397,874			$	29,698,867			$	30,699,007
Total assets			64,887,307				32,137,535				32,749,772
Current liabilities			15,628,449				4,606,287				11,022,162
Noncurrent liabilities			467,330				-				467,330
Joint ventures’ equity			48,791,528				27,531,248				21,260,280
NTIC’s share of joint ventures’ equity			24,077,361				13,765,626				10,311,735
NTIC’s share of joint ventures’ undistributed earnings			22,048,149				13,734,721				8,313,428

		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
NTIC’s share of joint ventures’ equity			22,950,995				12,748,899				10,195,263
NTIC’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 May 31, 2019
			Total				EXCOR				All Other
Net sales		$	27,774,112			$	10,933,386			$	16,840,726
Gross profit			12,557,580				6,129,046				6,428,534
Net income			3,797,785				2,707,342				1,090,443
NTIC’s share of equity in income from joint ventures			1,877,410				1,353,856				523,554
NTIC’s dividends received from joint ventures		$	1,795,542			$	1,673,700			$	121,842

		Nine Months Ended May 31, 2019
			Total				EXCOR				All Other
Net sales		$	86,003,918			$	34,895,042			$	51,108,876
Gross profit			38,547,018				19,118,704				19,428,314
Net income			11,412,552				8,187,467				3,225,085
NTIC’s share of equity in income from joint ventures			5,596,788				4,094,763				1,502,025
NTIC’s dividends received from joint ventures		$	3,822,785			$	2,517,450			$	1,305,335

		Three Months Ended May 31, 2018
			Total				EXCOR				All Other
Net sales		$	31,480,885			$	12,219,414			$	19,261,471
Gross profit			14,209,819				6,823,609				7,386,210
Net income			4,540,968				3,113,660				1,427,308
NTIC’s share of equity in income from joint ventures			2,246,066				1,558,243				687,823
NTIC’s dividends received from joint ventures		$	1,168,420			$	581,250			$	587,170

		Nine Months Ended May 31, 2018
			Total				EXCOR				All Other
Net sales		$	90,200,146			$	35,450,664			$	54,749,482
Gross profit			40,529,217				19,315,099				21,214,118
Net income			11,753,467				8,272,237				3,481,230
NTIC’s share of equity in income from joint ventures			5,793,391				4,138,814				1,654,577
NTIC’s dividends received from joint ventures		$	2,941,807			$	1,780,392			$	1,161,415

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

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