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Note 6 - Investments in Joint Ventures (Tables) | 12 Months Ended
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Aug. 31, 2024
Notes Tables |
Condensed Balance Sheet [Table Text Block] |
|  | As of August 31, 2024 |
|  | Total |  |  | EXCOR |  |  | OTHER |
Current assets |  | $ | 56,420,503 |  |  | $ | 26,234,664 |  |  | $ | 30,185,839 |
Total assets |  |  | 64,183,071 |  |  |  | 31,513,288 |  |  |  | 32,669,783 |
Current liabilities |  |  | 12,553,716 |  |  |  | 2,221,726 |  |  |  | 10,331,990 |
Noncurrent liabilities |  |  | 323,199 |  |  |  | — |  |  |  | 323,199 |
Joint ventures’ equity |  |  | 51,306,156 |  |  |  | 29,291,562 |  |  |  | 22,014,594 |
NTIC’s share of joint ventures’ equity |  |  | 25,397,287 |  |  |  | 14,645,783 |  |  |  | 10,751,504 |
NTIC’s share of joint ventures’ undistributed earnings |  |  | 23,645,685 |  |  |  | 14,614,878 |  |  |  | 9,030,807 |
|  | As of August 31, 2023 |
|  | Total |  |  | EXCOR |  |  | OTHER |
Current assets |  | $ | 55,339,662 |  |  | $ | 27,862,458 |  |  | $ | 27,477,204 |
Total assets |  |  | 59,729,348 |  |  |  | 30,054,277 |  |  |  | 29,675,071 |
Current liabilities |  |  | 11,464,247 |  |  |  | 2,687,064 |  |  |  | 8,777,183 |
Noncurrent liabilities |  |  | 323,762 |  |  |  | — |  |  |  | 323,762 |
Joint ventures’ equity |  |  | 47,941,339 |  |  |  | 27,367,213 |  |  |  | 20,574,126 |
NTIC’s share of joint ventures’ equity |  |  | 23,705,714 |  |  |  | 13,683,608 |  |  |  | 10,022,106 |
NTIC’s share of joint ventures’ undistributed earnings |  |  | 20,493,861 |  |  |  | 12,075,524 |  |  |  | 8,418,337 |
Condensed Income Statement [Table Text Block] |
|  | Fiscal Year Ended August 31, 2024 |
|  | Total |  |  | EXCOR |  |  | OTHER |
Net sales |  | $ | 95,940,014 |  |  | $ | 35,720,889 |  |  | $ | 60,219,125 |
Gross profit |  |  | 41,247,036 |  |  |  | 18,288,258 |  |  |  | 22,958,778 |
Net income |  |  | 8,450,411 |  |  |  | 4,599,088 |  |  |  | 3,851,323 |
NTIC’s share of equity in income of joint ventures |  |  | 4,223,296 |  |  |  | 2,299,274 |  |  |  | 1,924,022 |
NTIC’s dividends received from joint ventures |  |  | 2,997,164 |  |  |  | 1,624,950 |  |  |  | 1,372,214 |
|  | Fiscal Year Ended August 31, 2023 |
|  | Total |  |  | EXCOR |  |  | OTHER |
Net sales |  | $ | 100,682,316 |  |  | $ | 39,642,380 |  |  | $ | 61,039,936 |
Gross profit |  |  | 40,096,561 |  |  |  | 19,016,389 |  |  |  | 21,080,172 |
Net income |  |  | 8,934,198 |  |  |  | 5,730,311 |  |  |  | 3,203,887 |
NTIC’s share of equity in income of joint ventures |  |  | 6,452,719 |  |  |  | 2,852,229 |  |  |  | 3,600,490 |
NTIC’s dividends received from joint ventures |  |  | 5,639,198 |  |  |  | 2,459,500 |  |  |  | 3,179,698 |

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