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Consolidated Statements of Operations - USD ($)
12 Months Ended
Aug. 31, 2023
Aug. 31, 2022
NET SALES:    
Net sales $ 79,902,952 $ 74,158,890
Cost of goods sold 52,099,121 51,090,298
Gross profit 27,803,831 23,068,592
JOINT VENTURE OPERATIONS:    
Equity in income from joint ventures 6,452,719 4,725,918
Fees for services provided to joint ventures 5,189,185 5,767,682
Total joint venture operations 11,641,904 10,493,600
OPERATING EXPENSES:    
Selling expenses 15,290,897 13,038,180
General and administrative expenses 13,166,270 10,600,603
Research and development expenses 4,967,922 4,775,334
Total operating expenses 33,425,089 28,414,117
OPERATING INCOME 6,020,646 5,148,075
REMEASUREMENT GAIN ON ACQUISITION OF EQUITY METHOD INVESTEE 0 3,951,550
INTEREST INCOME 28,490 49,241
INTEREST EXPENSE (461,805) (89,096)
INCOME BEFORE INCOME TAX EXPENSE 5,587,331 9,059,770
INCOME TAX EXPENSE 1,349,600 1,873,836
NET INCOME 4,237,731 7,185,934
NET INCOME ATTRIBUTABLE TO NON-CONTROLLING INTERESTS 1,325,455 861,234
NET INCOME ATTRIBUTABLE TO NTIC $ 2,912,276 $ 6,324,700
NET INCOME ATTRIBUTABLE TO NTIC PER COMMON SHARE:    
Basic (in dollars per share) $ 0.31 $ 0.69
Diluted (in dollars per share) $ 0.3 $ 0.66
WEIGHTED AVERAGE COMMON SHARES    
Basic (in shares) 9,359,504 9,216,216
Diluted (in shares) 9,693,482 9,635,028
CASH DIVIDENDS DECLARED PER COMMON SHARE (in dollars per share) $ 0.28 $ 0.28