XML 25 R11.htm IDEA: XBRL DOCUMENT
v3.24.3

Note 4 - Property and Equipment, Net | 12 Months Ended
--- | ---
Aug. 31, 2024
Notes to Financial Statements |
Property, Plant and Equipment Disclosure [Text Block] |
4. | PROPERTY AND EQUIPMENT, NET
Property and equipment, net consisted of the following:
|  | August 31, 2024 |  |  | August 31, 2023 |
Land |  | $ | 1,238,180 |  |  | $ | 496,965 |
Buildings and improvements |  |  | 14,760,250 |  |  |  | 16,433,827 |
Construction in process |  |  | 3,086,479 |  |  |  | 816,565 |
Machinery and equipment |  |  | 7,276,151 |  |  |  | 5,984,364 |
|  |  | 26,361,060 |  |  |  | 23,731,721 |
Less accumulated depreciation |  |  | (10,095,407 | ) |  |  | (9,666,367 | )
|  | $ | 16,265,653 |  |  | $ | 14,065,354 |
On February 28, 2023, the Company purchased the property immediately adjacent to NTIC’s headquarters in Circle Pines, Minnesota, which includes a 26,000 square foot industrial building, for $1,200,000. The building will be used primarily for warehousing space and light industrial production. Depreciation expense was $1,156,364 for fiscal 2024 compared to $1,042,505 in fiscal 2023.

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 long-lived, physical asset used in normal conduct of business and not intended for resale. Includes, but is not limited to, work of art, historical treasure, and similar asset classified as collections. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 360 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/360/tableOfContent Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 6 -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477798/958-360-50-6 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (d) -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477798/958-360-50-1 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 7 -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477798/958-360-50-7 + Details
Name: | us-gaap_PropertyPlantAndEquipmentDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration