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Note 6 - Investments in Joint Ventures (Tables)

9 Months Ended

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