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Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Feb. 29, 2024
Feb. 28, 2023
Feb. 29, 2024
Feb. 28, 2023
NET SALES:        
Net sales $ 20,842,538 $ 18,270,825 $ 41,024,213 $ 38,223,591
Cost of goods sold 12,503,374 11,967,757 25,350,775 25,567,399
Gross profit 8,339,164 6,303,068 15,673,438 12,656,192
JOINT VENTURE OPERATIONS:        
Equity in income from joint ventures 1,177,990 1,128,731 2,280,231 2,318,135
Fees for services provided to joint ventures 1,303,059 1,252,746 2,552,017 2,434,551
Total joint venture operations 2,481,049 2,381,477 4,832,248 4,752,686
OPERATING EXPENSES:        
Selling expenses 4,134,894 3,595,717 7,820,952 7,103,151
General and administrative expenses 3,236,792 3,134,189 6,753,853 6,264,788
Research and development expenses 1,242,256 1,141,083 2,348,177 2,397,807
Total operating expenses 8,613,942 7,870,989 16,922,982 15,765,746
OPERATING INCOME 2,206,271 813,556 3,582,704 1,643,132
INTEREST INCOME 29,210 3,451 75,652 9,619
INTEREST EXPENSE (77,758) (115,144) (188,896) (206,475)
INCOME BEFORE INCOME TAX EXPENSE 2,157,723 701,863 3,469,460 1,446,276
INCOME TAX EXPENSE 289,195 181,795 515,991 292,528
NET INCOME 1,868,528 520,068 2,953,469 1,153,748
NET INCOME ATTRIBUTABLE TO NON-CONTROLLING INTERESTS 167,359 108,571 356,779 240,009
NET INCOME ATTRIBUTABLE TO NTIC $ 1,701,169 $ 411,497 $ 2,596,690 $ 913,739
NET INCOME ATTRIBUTABLE TO NTIC PER COMMON SHARE:        
Basic (in dollars per share) $ 0.18 $ 0.04 $ 0.28 $ 0.1
Diluted (in dollars per share) $ 0.17 $ 0.04 $ 0.27 $ 0.09
WEIGHTED AVERAGE COMMON SHARES ASSUMED OUTSTANDING:        
Basic (in shares) 9,427,598 9,366,357 9,427,588 9,353,989
Diluted (in shares) 9,723,671 9,747,461 9,715,121 9,745,166
CASH DIVIDENDS DECLARED PER COMMON SHARE (in dollars per share) $ 0.07 $ 0.07 $ 0.14 $ 0.14