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Note 6 - Investments in Joint Ventures (Tables) | 3 Months Ended
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Nov. 30, 2023
Notes Tables |
Condensed Balance Sheet [Table Text Block] |
|  | As of November 30, 2023 |
|  | Total |  |  | EXCOR |  |  | All Other |
Current assets |  | $ | 58,856,062 |  |  | $ | 28,976,285 |  |  | $ | 29,879,777 |
Total assets |  |  | 63,316,496 |  |  |  | 31,258,136 |  |  |  | 32,058,360 |
Current liabilities |  |  | 13,323,941 |  |  |  | 2,674,730 |  |  |  | 10,649,211 |
Noncurrent liabilities |  |  | 300,465 |  |  |  | — |  |  |  | 300,465 |
Joint ventures’ equity |  |  | 49,692,091 |  |  |  | 28,583,406 |  |  |  | 21,108,685 |
NTIC’s share of joint ventures’ equity |  |  | 24,599,516 |  |  |  | 14,291,705 |  |  |  | 10,307,811 |
NTIC’s share of joint ventures’ undistributed earnings |  |  | 23,654,848 |  |  |  | 14,260,800 |  |  |  | 9,394,048 |
|  | As of August 31, 2023 |
|  | Total |  |  | EXCOR |  |  | All 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] |
|  | Three Months Ended November 30, 2023 |
|  | Total |  |  | EXCOR |  |  | All Other |
Net sales |  | $ | 23,560,661 |  |  | $ | 8,420,960 |  |  | $ | 15,139,701 |
Gross profit |  |  | 10,103,800 |  |  |  | 4,375,075 |  |  |  | 5,728,725 |
Net income |  |  | 2,204,482 |  |  |  | 1,026,907 |  |  |  | 1,177,575 |
NTIC’s share of equity in income from joint ventures |  |  | 1,102,241 |  |  |  | 513,453 |  |  |  | 588,788 |
NTIC’s dividends received from joint ventures |  |  | 371,104 |  |  |  | — |  |  |  | 371,104 |
|  | Three Months Ended November 30, 2022 |
|  | Total |  |  | EXCOR |  |  | All Other |
Net sales |  | $ | 24,730,289 |  |  | $ | 10,145,921 |  |  | $ | 14,584,368 |
Gross profit |  |  | 9,693,568 |  |  |  | 4,720,042 |  |  |  | 4,973,526 |
Net income |  |  | 2,646,908 |  |  |  | 1,742,287 |  |  |  | 904,621 |
NTIC’s share of equity in income from joint ventures |  |  | 1,189,400 |  |  |  | 871,144 |  |  |  | 318,260 |
NTIC’s dividends received from joint ventures |  |  | 3,042,688 |  |  |  | 2,459,500 |  |  |  | 583,188 |

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