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Note 15 - Subsequent Event
6 Months Ended
Feb. 29, 2020
Notes to Financial Statements  
Subsequent Events [Text Block]
15.
SUBSEQUENT EVENT
 
The Company evaluated its
February
29,
2020
condensed consolidated financial statements for subsequent events through the date the condensed consolidated financial statements were issued. As a result of the novel strain of coronavirus (COVID-
19
) pandemic and related government mandated restrictions on the Company’s business as well as the businesses of its joint ventures, customers and suppliers, a disruption in the Company’s business and the manufacture and sale of its products and services is expected to occur. Specifically, the operations at NTI China were suspended on
January 18, 2020
and did
not
resume until
February 28, 2020.
While the disruption is currently expected to be temporary, there is considerable uncertainty around the duration. The Company expects this matter will likely have a material adverse effect on its business, operating results and financial condition for the
third
quarter of fiscal
2020
and beyond; however, the precise financial impact and duration cannot be reasonably estimated at this time. As of the date of this filing, the Company's U.S. location and its primary suppliers, continue to be operating. The Company’s location in India is currently under mandated governmental shutdown until
April 15, 2020.