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Note 7 - Investments in Joint Ventures (Tables)

6 Months Ended

Feb. 28, 2025

Notes Tables

Condensed Balance Sheet [Table Text Block]

		As of February 28, 2025
		Total				EXCOR				All Other
Current assets		$	53,214,235			$	24,676,444			$	28,537,791
Total assets			62,156,803				31,200,159				30,956,644
Current liabilities			11,098,084				1,910,547				9,187,537
Non-current liabilities			464,499				—				464,499
Joint ventures’ equity			50,594,220				29,289,612				21,304,608
NTIC’s share of joint ventures’ equity			25,041,302				14,644,808				10,396,494
NTIC’s share of joint ventures’ undistributed earnings			24,096,958				14,613,903				9,483,055

		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 February 28, 2025
		Total				EXCOR				All Other
Net sales		$	19,799,875			$	6,904,045			$	12,895,830
Gross profit			8,241,116				3,598,163				4,642,953
Net income			1,219,970				520,787				699,183
NTIC’s share of equity in income from joint ventures			620,730				268,251				352,479
NTIC’s dividends received from joint ventures			680,737				—				680,737

		Six Months Ended February 28, 2025
		Total				EXCOR				All Other
Net sales		$	43,636,885			$	15,642,859			$	27,994,026
Gross profit			18,556,399				8,355,849				10,200,550
Net income			3,479,157				1,768,287				1,710,870
NTIC’s share of equity in income from joint ventures			1,750,323				892,001				858,322
NTIC’s dividends received from joint ventures			680,737				—				680,737

		Three Months Ended February 29, 2024
		Total				EXCOR				All Other
Net sales		$	23,479,980			$	9,163,636			$	14,316,344
Gross profit			10,139,080				4,829,931				5,309,149
Net income			2,353,152				1,378,844				974,308
NTIC’s share of equity in income from joint ventures			1,177,990				690,882				487,109
NTIC’s dividends received from joint ventures			2,020,147				1,624,950				395,197

		Six Months Ended February 29, 2024
		Total				EXCOR				All Other
Net sales		$	47,040,641			$	17,584,596			$	29,456,045
Gross profit			20,242,880				9,205,006				11,037,874
Net income			4,557,634				2,405,751				2,151,883
NTIC’s share of equity in income from joint ventures			2,280,231				1,204,335				1,075,896
NTIC’s dividends received from joint ventures			2,391,251				1,624,950				766,301