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Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended
Nov. 30, 2022
Nov. 30, 2021
NET SALES:    
Net sales $ 19,952,766 $ 18,193,413
Cost of goods sold 13,599,642 12,490,483
Gross profit 6,353,124 5,702,930
JOINT VENTURE OPERATIONS:    
Equity in income from joint ventures 1,189,404 1,374,749
Fees for services provided to joint ventures 1,181,805 1,258,858
Total joint venture operations 2,371,209 2,633,607
OPERATING EXPENSES:    
Selling expenses 3,507,434 3,237,758
General and administrative expenses 3,130,599 2,596,347
Research and development expenses 1,256,724 1,235,821
Total operating expenses 7,894,757 7,069,926
OPERATING INCOME 829,576 1,266,611
REMEASUREMENT GAIN ON ACQUISITION OF EQUITY METHOD INVESTEE 0 3,951,550
INTEREST INCOME 6,168 10,943
INTEREST EXPENSE (91,331) (2,891)
INCOME BEFORE INCOME TAX EXPENSE 744,413 5,226,213
INCOME TAX EXPENSE 110,733 504,380
NET INCOME 633,680 4,721,833
NET INCOME ATTRIBUTABLE TO NON-CONTROLLING INTERESTS 131,438 228,074
NET INCOME ATTRIBUTABLE TO NTIC $ 502,242 $ 4,493,759
NET INCOME ATTRIBUTABLE TO NTIC PER COMMON SHARE:    
Basic (in dollars per share) $ 0.05 $ 0.49
Diluted (in dollars per share) $ 0.05 $ 0.46
WEIGHTED AVERAGE COMMON SHARES ASSUMED OUTSTANDING:    
Basic (in shares) 9,317,680 9,199,976
Diluted (in shares) 9,718,931 9,779,770
CASH DIVIDENDS DECLARED PER COMMON SHARE (in dollars per share) $ 0.07 $ 0.07