XML 41 R27.htm IDEA: XBRL DOCUMENT

Note 7 - Investments in Joint Ventures (Tables)

3 Months Ended

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