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Note 7 - Investments in Joint Ventures (Tables)

3 Months Ended

Nov. 30, 2021

Notes Tables

Condensed Balance Sheet [Table Text Block]

		As of November 30, 2021
		Total				EXCOR				All Other
Current assets		$	54,945,793			$	25,127,390			$	29,818,403
Total assets			58,833,491				27,282,965				31,550,526
Current liabilities			14,079,093				4,139,822				9,939,271
Noncurrent liabilities			1,288,670				-				1,288,670
Joint ventures’ equity			43,465,728				23,143,143				20,322,585
Northern Technologies International Corporation’s share of joint ventures’ equity			21,357,911				11,571,573				9,786,338
Northern Technologies International Corporation’s share of joint ventures’ undistributed earnings			19,142,941				11,540,668				7,602,273

		As of August 31, 2021
		Total				EXCOR				All Other(1)
Current assets		$	69,394,796			$	33,886,655			$	35,508,141
Total assets			73,814,402				36,211,520				37,602,882
Current liabilities			16,366,398				5,386,377				10,980,021
Noncurrent liabilities			1,455,524				—				1,455,524
Joint ventures’ equity			55,992,480				30,825,144				25,167,336
Northern Technologies International Corporation’s share of joint ventures’ equity			27,623,768				15,412,574				12,211,194
Northern Technologies International Corporation’s share of joint ventures’ undistributed earnings			24,702,778				14,697,490				10,005,288

Condensed Income Statement [Table Text Block]

		Three Months Ended November 30, 2021
		Total				EXCOR				All Other
Net sales		$	27,022,995			$	11,300,228			$	15,722,767
Gross profit			11,032,959				5,468,986				5,563,973
Net income			2,777,605				1,821,547				956,058
Northern Technologies International Corporation’s share of equity in income from joint ventures			1,374,749				910,773				463,976
Northern Technologies International Corporation's dividends received from joint ventures			5,042,271				4,255,200				787,071

		Three Months Ended November 30, 2020
		Total				EXCOR				All Other(1)
Net sales		$	26,777,343			$	9,551,483			$	17,225,860
Gross profit			12,441,761				5,699,007				6,742,754
Net income			3,651,424				2,021,074				1,630,350
Northern Technologies International Corporation’s share of equity in income from joint ventures			1,825,712				1,010,537				815,175
Northern Technologies International Corporation's dividends received from joint ventures			1,125,361				—				1,125,361

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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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-Publisher SEC
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-Number 210
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