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Note 7 - Investments in Joint Ventures (Tables) | 3 Months Ended
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Nov. 30, 2024
Notes Tables |
Condensed Balance Sheet [Table Text Block] |
|  | As of November 30, 2024 |
|  | Total |  |  | EXCOR |  |  | All Other |
Current assets |  | $ | 56,703,487 |  |  | $ | 26,050,938 |  |  | $ | 30,652,549 |
Total assets |  |  | 64,773,897 |  |  |  | 31,700,918 |  |  |  | 33,072,979 |
Current liabilities |  |  | 12,976,356 |  |  |  | 2,455,785 |  |  |  | 10,520,571 |
Non-current liabilities |  |  | 300,116 |  |  |  | — |  |  |  | 300,116 |
Joint ventures’ equity |  |  | 51,497,426 |  |  |  | 29,245,133 |  |  |  | 22,252,293 |
NTIC’s share of joint ventures’ equity |  |  | 25,493,228 |  |  |  | 14,622,568 |  |  |  | 10,870,660 |
NTIC’s share of joint ventures’ undistributed earnings |  |  | 24,548,560 |  |  |  | 14,591,663 |  |  |  | 9,956,897 |
|  | As of August 31, 2024 |
|  | Total |  |  | EXCOR |  |  | All Other |
Current assets |  | $ | 56,420,503 |  |  | $ | 26,234,664 |  |  | $ | 30,185,839 |
Total assets |  |  | 64,183,071 |  |  |  | 31,513,288 |  |  |  | 32,669,783 |
Current liabilities |  |  | 12,553,716 |  |  |  | 2,221,726 |  |  |  | 10,331,990 |
Non-current liabilities |  |  | 323,199 |  |  |  | — |  |  |  | 323,199 |
Joint ventures’ equity |  |  | 51,306,156 |  |  |  | 29,291,562 |  |  |  | 22,014,594 |
NTIC’s share of joint ventures’ equity |  |  | 25,397,287 |  |  |  | 14,645,783 |  |  |  | 10,751,504 |
NTIC’s share of joint ventures’ undistributed earnings |  |  | 23,645,685 |  |  |  | 14,614,878 |  |  |  | 9,030,807 |
Condensed Income Statement [Table Text Block] |
|  | Three Months Ended November 30, 2024 |
|  | Total |  |  | EXCOR |  |  | All Other |
Net sales |  | $ | 23,837,010 |  |  | $ | 8,738,814 |  |  | $ | 15,098,196 |
Gross profit |  |  | 10,315,283 |  |  |  | 4,757,686 |  |  |  | 5,557,597 |
Net income |  |  | 2,259,187 |  |  |  | 1,247,500 |  |  |  | 1,011,687 |
NTIC’s share of equity in income from joint ventures |  |  | 1,129,593 |  |  |  | 623,750 |  |  |  | 505,843 |
NTIC’s dividends received from joint ventures |  |  | — |  |  |  | — |  |  |  | — |
|  | Three Months Ended November 30, 2023 |
|  | Total |  |  | EXCOR |  |  | All Other |
Net sales |  | $ | 23,560,661 |  |  | $ | 8,420,960 |  |  | $ | 15,139,701 |
Gross profit |  |  | 10,103,800 |  |  |  | 4,375,075 |  |  |  | 5,728,725 |
Net income |  |  | 2,204,482 |  |  |  | 1,026,907 |  |  |  | 1,177,575 |
NTIC’s share of equity in income from joint ventures |  |  | 1,102,241 |  |  |  | 513,453 |  |  |  | 588,788 |
NTIC’s dividends received from joint ventures |  |  | 371,104 |  |  |  | — |  |  |  | 371,104 |

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