XML 40 R28.htm IDEA: XBRL DOCUMENT
v3.22.2

Note 7 - Investments in Joint Ventures (Tables) | 9 Months Ended
--- | ---
May 31, 2022
Notes Tables |
Condensed Balance Sheet [Table Text Block] |
|  | As of May 31, 2022 |
|  | Total |  |  | EXCOR |  |  | All Other |
Current assets |  | $ | 55,305,950 |  |  | $ | 25,677,287 |  |  | $ | 29,628,663 |
Total assets |  |  | 59,037,744 |  |  |  | 27,727,623 |  |  |  | 31,310,121 |
Current liabilities |  |  | 13,289,392 |  |  |  | 2,978,114 |  |  |  | 10,311,279 |
Noncurrent liabilities |  |  | 1,223,185 |  |  |  | — |  |  |  | 1,223,185 |
Joint ventures’ equity |  |  | 44,601,335 |  |  |  | 24,749,509 |  |  |  | 19,851,826 |
Northern Technologies International Corporation’s share of joint ventures’ equity |  |  | 22,194,433 |  |  |  | 12,374,756 |  |  |  | 9,819,677 |
Northern Technologies International Corporation’s share of joint ventures’ undistributed earnings |  |  | 20,844,284 |  |  |  | 12,343,851 |  |  |  | 8,500,433 |
|  | 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 May 31, 2022 |
|  | Total |  |  | EXCOR |  |  | All Other |
Net sales |  | $ | 26,594,077 |  |  | $ | 10,397,916 |  |  | $ | 16,196,160 |
Gross profit |  |  | 10,626,570 |  |  |  | 4,990,697 |  |  |  | 5,635,873 |
Net income |  |  | 2,714,979 |  |  |  | 1,654,389 |  |  |  | 1,060,590 |
Northern Technologies International Corporation’s share of equity in income from joint ventures |  |  | 1,364,597 |  |  |  | 824,784 |  |  |  | 539,813 |
Northern Technologies International Corporation’s dividends received from joint ventures |  |  | 252,000 |  |  |  | — |  |  |  | 252,000 |
|  | Nine Months Ended May 31, 2022 |
|  | Total |  |  | EXCOR |  |  | All Other |
Net sales |  | $ | 78,218,839 |  |  | $ | 31,010,578 |  |  | $ | 47,208,261 |
Gross profit |  |  | 31,504,531 |  |  |  | 15,118,133 |  |  |  | 16,386,398 |
Net income |  |  | 7,344,175 |  |  |  | 4,646,123 |  |  |  | 2,698,052 |
Northern Technologies International Corporation’s share of equity in income from joint ventures |  |  | 3,662,178 |  |  |  | 2,324,605 |  |  |  | 1,337,572 |
Northern Technologies International Corporation’s dividends received from joint ventures |  |  | 5,723,176 |  |  |  | 4,255,200 |  |  |  | 1,467,976 |
|  | Three Months Ended May 31, 2021 |
|  | Total |  |  | EXCOR |  |  | All Other(1) |
Net sales |  | $ | 31,959,539 |  |  | $ | 12,103,263 |  |  | $ | 19,856,276 |
Gross profit |  |  | 14,280,775 |  |  |  | 6,863,786 |  |  |  | 7,416,989 |
Net income |  |  | 4,051,518 |  |  |  | 2,068,326 |  |  |  | 1,983,192 |
Northern Technologies International Corporation’s share of equity in income from joint ventures |  |  | 2,033,536 |  |  |  | 1,039,576 |  |  |  | 993,960 |
Northern Technologies International Corporation’s dividends received from joint ventures |  |  | 181,952 |  |  |  | — |  |  |  | 181,952 |
|  | Nine Months Ended May 31, 2021 |
|  | Total |  |  | EXCOR |  |  | All Other(1) |
Net sales |  | $ | 87,795,284 |  |  | $ | 32,196,843 |  |  | $ | 55,598,441 |
Gross profit |  |  | 39,802,014 |  |  |  | 18,661,980 |  |  |  | 21,140,034 |
Net income |  |  | 11,540,949 |  |  |  | 6,351,721 |  |  |  | 5,189,228 |
Northern Technologies International Corporation’s share of equity in income from joint ventures |  |  | 5,779,260 |  |  |  | 3,182,691 |  |  |  | 2,596,569 |
Northern Technologies International Corporation’s dividends received from joint ventures |  |  | 3,505,455 |  |  |  | 1,809,900 |  |  |  | 1,695,555 |

X
- Definition Tabular disclosure of condensed balance sheet, including, but not limited to, balance sheets of consolidated entities and consolidation eliminations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 12 -Paragraph (a) -Subsection 04 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -URI https://asc.fasb.org/extlink&oid=120395691&loc=d3e24072-122690 + Details
Name: | srt_ScheduleOfCondensedBalanceSheetTableTextBlock
Namespace Prefix: | srt_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of condensed income statement, including, but not limited to, income statements of consolidated entities and consolidation eliminations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 12 -Paragraph (a) -Subsection 04 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -URI https://asc.fasb.org/extlink&oid=120395691&loc=d3e24072-122690 + Details
Name: | srt_ScheduleOfCondensedIncomeStatementTableTextBlock
Namespace Prefix: | srt_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_TableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration