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Note 6 - Investments in Joint Ventures (Tables)

3 Months Ended

Feb. 29, 2024

Notes Tables

Condensed Balance Sheet [Table Text Block]

		As of February 29, 2024
		Total				EXCOR				All Other
Current assets		$	56,241,025			$	26,949,248			$	29,291,777
Total assets			60,974,536				29,383,315				31,591,221
Current liabilities			13,269,055				2,933,713				10,335,342
Noncurrent liabilities			399,445				—				399,445
Joint ventures’ equity			47,306,036				26,449,601				20,856,435
NTIC’s share of joint ventures’ equity			23,460,869				13,224,802				10,236,067
NTIC’s share of joint ventures’ undistributed earnings			23,645,685				14,260,800				9,384,885

		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				8777,183
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 February 29, 2024
		Total				EXCOR				All Other
Net sales		$	23,479,980			$	9,163,636			$	14,316,344
Gross profit			10,139,080				4,829,931				5,309,149
Net income			2,353,152				1,378,844				974,308
NTIC’s share of equity in income from joint ventures			1,177,990				690,882				487,109
NTIC’s dividends received from joint ventures			2,020,147				1,624,950				395,197

		Six Months Ended February 29, 2024
		Total				EXCOR				All Other
Net sales		$	47,040,641			$	17,584,596			$	29,456,045
Gross profit			20,242,880				9,205,006				11,037,874
Net income			4,557,634				2,405,751				2,151,883
NTIC’s share of equity in income from joint ventures			2,280,231				1,204,335				1,075,896
NTIC’s dividends received from joint ventures			2,391,251				1,624,950				766,301

		Three Months Ended February 28, 2023
		Total				EXCOR				All Other
Net sales		$	25,482,590			$	9,708,482			$	15,774,108
Gross profit			10,035,811				4,733,435				5,302,376
Net income			1,969,046				1,365,170				603,876
NTIC’s share of equity in income from joint ventures			1,128,731				676,800				451,931
NTIC’s dividends received from joint ventures			422,048				—				422,048

		Six Months Ended February 28, 2023
		Total				EXCOR				All Other
Net sales		$	50,212,879			$	19,854,403			$	30,358,476
Gross profit			19,729,379				9,453,477				10,275,902
Net income			4,615,954				3,107,457				1,508,497
NTIC’s share of equity in income from joint ventures			2,318,135				1,547,944				770,191
NTIC’s dividends received from joint ventures			3,464,736				2,459,500				1,005,236