XML 26 R16.htm IDEA: XBRL DOCUMENT
v3.23.3

Note 9 - Net Income Per Common Share | 6 Months Ended
--- | ---
Feb. 28, 2023
Notes to Financial Statements |
Earnings Per Share [Text Block] |
9. | NET INCOME PER COMMON SHARE
Basic net income per common share is computed by dividing net income by the weighted average number of common shares outstanding. Diluted net income per share assumes the exercise of stock options using the treasury stock method, if dilutive. The following is a reconciliation of the net income per share computation for the three and six months ended February 28, 2023 and 2022:
|  | Three Months Ended February 28, |  |  | Six Months Ended February 28, |
Numerator: |  | 2023 (Restated) |  |  | 2022 |  |  | 2023 (Restated) |  |  | 2022 |
Net income attributable to NTIC |  | $ | 411,497 |  |  | $ | 182,847 |  |  | $ | 913,739 |  |  | $ | 4,676,606 |
Denominator: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic – weighted shares outstanding |  |  | 9,366,357 |  |  |  | 9,214,817 |  |  |  | 9,353,989 |  |  |  | 9,211,858 |
Weighted shares assumed upon exercise of stock options |  |  | 381,104 |  |  |  | 468,609 |  |  |  | 391,177 |  |  |  | 524,202 |
Diluted – weighted shares outstanding |  |  | 9,747,461 |  |  |  | 9,683,426 |  |  |  | 9,745,166 |  |  |  | 9,736,060 |
Basic net income per share: |  | $ | 0.04 |  |  | $ | 0.02 |  |  | $ | 0.10 |  |  | $ | 0.51 |
Diluted net income per share: |  | $ | 0.04 |  |  | $ | 0.02 |  |  | $ | 0.09 |  |  | $ | 0.48 |
The dilutive impact summarized above relates to the periods when the average market price of the Company’s common stock exceeded the exercise price of the potentially dilutive option securities granted. Net income per common share was based on the weighted average number of common shares outstanding during the periods when computing basic net income per share. When dilutive, stock options are included as equivalents using the treasury stock market method when computing the diluted net income per share. Excluded from the computation of diluted net income per share for the three and six months ended February 28, 2023 were options outstanding to purchase 305,514 shares of common stock. Excluded from the computation of diluted net income per share for the three and six months ended February 28, 2022, were options outstanding to purchase 311,061 shares of common stock.

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

X
- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//260/tableOfContent Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-2 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-3 + Details
Name: | us-gaap_EarningsPerShareTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration