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Note 6 - Investments in Joint Ventures (Tables) | 9 Months Ended
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May 31, 2024
Notes Tables |
Condensed Balance Sheet [Table Text Block] |
|  | As of May 31, 2024 |
|  | Total |  |  | EXCOR |  |  | All Other |
Current assets |  | $ | 57,436,771 |  |  | $ | 28,022,725 |  |  | $ | 29,414,046 |
Total assets |  |  | 62,421,770 |  |  |  | 30,641,557 |  |  |  | 31,780,213 |
Current liabilities |  |  | 13,167,730 |  |  |  | 2,458,389 |  |  |  | 10,709,341 |
Non-current liabilities |  |  | 303,758 |  |  |  | — |  |  |  | 303,758 |
Joint ventures’ equity |  |  | 48,949,666 |  |  |  | 28,183,169 |  |  |  | 20,766,497 |
NTIC’s share of joint ventures’ equity |  |  | 24,219,348 |  |  |  | 14,091,586 |  |  |  | 10,127,762 |
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 |  |  |  | 8,777,183 |
Non-current 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 May 31, 2024 |
|  | Total |  |  | EXCOR |  |  | All Other |
Net sales |  | $ | 25,602,072 |  |  | $ | 9,977,354 |  |  | $ | 15,624,718 |
Gross profit |  |  | 10,713,282 |  |  |  | 4,959,536 |  |  |  | 5,753,746 |
Net income |  |  | 2,793,738 |  |  |  | 1,623,431 |  |  |  | 1,170,307 |
NTIC’s share of equity in income from joint ventures |  |  | 1,396,730 |  |  |  | 811,399 |  |  |  | 585,331 |
NTIC’s dividends received from joint ventures |  |  | 567,674 |  |  |  | — |  |  |  | 567,674 |
|  | Nine Months Ended May 31, 2024 |
|  | Total |  |  | EXCOR |  |  | All Other |
Net sales |  | $ | 72,642,714 |  |  | $ | 27,561,950 |  |  | $ | 45,080,764 |
Gross profit |  |  | 30,956,162 |  |  |  | 14,164,541 |  |  |  | 16,791,620 |
Net income |  |  | 7,351,372 |  |  |  | 4,029,182 |  |  |  | 3,322,190 |
NTIC’s share of equity in income from joint ventures |  |  | 3,676,961 |  |  |  | 2,015,734 |  |  |  | 1,661,228 |
NTIC’s dividends received from joint ventures |  |  | 2,958,925 |  |  |  | 1,624,950 |  |  |  | 1,333,975 |
|  | Three Months Ended May 31, 2023 |
|  | Total |  |  | EXCOR |  |  | All Other |
Net sales |  | $ | 26,312,548 |  |  | $ | 10,735,862 |  |  | $ | 15,576,686 |
Gross profit |  |  | 10,494,244 |  |  |  | 5,085,837 |  |  |  | 5,408,407 |
Net income |  |  | 2,692,444 |  |  |  | 1,654,151 |  |  |  | 1,038,293 |
NTIC’s share of equity in income from joint ventures |  |  | 1,346,658 |  |  |  | 828,631 |  |  |  | 518,027 |
NTIC’s dividends received from joint ventures |  |  | 45,977 |  |  |  | — |  |  |  | 45,977 |
|  | Nine Months Ended May 31, 2023 |
|  | Total |  |  | EXCOR |  |  | All Other |
Net sales |  | $ | 76,525,427 |  |  | $ | 30,590,265 |  |  | $ | 45,935,162 |
Gross profit |  |  | 30,223,623 |  |  |  | 14,539,314 |  |  |  | 15,684,309 |
Net income |  |  | 7,308,398 |  |  |  | 4,761,608 |  |  |  | 2,546,790 |
NTIC’s share of equity in income from joint ventures |  |  | 3,664,793 |  |  |  | 2,376,575 |  |  |  | 1,288,218 |
NTIC’s dividends received from joint ventures |  |  | 3,510,716 |  |  |  | 2,459,500 |  |  |  | 1,051,216 |

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