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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Aug. 31, 2024
Aug. 31, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:    
NET INCOME $ 6,321,384 $ 4,237,731
Adjustments to reconcile net income to net cash provided by operating activities:    
Stock-based compensation 1,381,169 1,337,734
Depreciation expense 1,156,364 1,042,505
Amortization expense 596,700 588,454
Loss on disposal of assets (0) 8,534
Change in allowance for credit losses (233,539) 94,000
Equity in income from joint ventures (4,223,296) (6,452,719)
Dividends received from joint ventures 2,997,164 5,639,198
Deferred income taxes (336,252) (395,001)
Changes in current assets and liabilities:    
Trade, excluding joint ventures (2,814,964) (1,956,234)
Trade, joint ventures (201,100) 509,949
Fees for services provided to joint ventures 61,578 468,523
Dividends receivable from joint venture (1,986,027) 1,986,027
Income taxes (311,731) (325,233)
Inventories, net (1,333,954) 3,030,665
Prepaid expenses and other 308,064 287,970
Accounts payable 449,009 (1,509,226)
Income tax payable (151,720) (504,403)
Accrued liabilities 232,290 1,441,867
Net cash provided by operating activities 5,883,193 5,541,219
CASH FLOWS FROM INVESTING ACTIVITIES:    
Proceeds from the sale of available for sale securities (0) (5,590)
Purchases of property and equipment (3,298,067) (3,247,652)
Proceeds from sale of property and equipment 0 13,000
Investments in patents (120,161) (114,062)
Net cash used in investing activities (3,418,228) (3,343,124)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Dividend received by non-controlling interest (1,255,076) (655,574)
Repayments on the line of credit (0) 2,300,000
Proceeds from line of credit 691,608 0
Proceeds from term loan 0 2,812,504
Dividends paid on NTIC common stock (2,642,298) (2,624,462)
Proceeds from employee stock purchase plan 79,967 75,464
Proceeds from exercise of stock options 168,519 638,270
Net cash used in financing activities (2,957,280) (2,053,798)
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS 38,326 (72,014)
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS (453,989) 72,283
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR 5,406,173 5,333,890
CASH AND CASH EQUIVALENTS AT END OF YEAR $ 4,952,184 $ 5,406,173