Three Months Ended

Nine Months Ended

Numerator:

May 31, 2024

May 31, 2023

May 31, 2024

May 31, 2023

Net income attributable to NTIC

$

976,604

$

1,059,590

$

3,573,294

$

1,973,329

Denominator:

Basic – weighted shares outstanding

9,431,134

9,369,923

9,432,684

9,355,776

Weighted shares assumed upon exercise of stock options

584,541

258,146

386,536

346,834

Diluted – weighted shares outstanding

10,015,674

9,628,069

9,819,220

9,702,610

Basic net income per share:

$

0.10

$

0.11

$

0.38

$

0.21

Diluted net income per share:

$

0.10

$

0.11

$

0.36

$

0.20