XML 15 R4.htm IDEA: XBRL DOCUMENT v3.25.1
Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Feb. 28, 2025
Feb. 29, 2024
Feb. 28, 2025
Feb. 29, 2024
NET SALES:        
Net sales $ 19,072,066 $ 20,842,538 $ 40,410,459 $ 41,024,213
Cost of goods sold 12,276,482 12,503,374 25,451,922 25,350,775
Gross profit 6,795,584 8,339,164 14,958,537 15,673,438
JOINT VENTURE OPERATIONS:        
Equity in income from joint ventures 620,730 1,177,990 1,750,323 2,280,231
Fees for services provided to joint ventures 1,070,263 1,303,059 2,354,382 2,552,017
Total joint venture operations 1,690,993 2,481,049 4,104,705 4,832,248
OPERATING EXPENSES:        
Selling expenses 3,872,028 4,134,894 8,139,682 7,820,952
General and administrative expenses 3,658,583 3,236,792 7,517,526 6,753,853
Research and development expenses 1,288,899 1,242,256 2,632,296 2,348,177
Total operating expenses 8,819,510 8,613,942 18,289,504 16,922,982
OPERATING INCOME (332,933) 2,206,271 773,738 3,582,704
INTEREST INCOME 210,156 29,210 235,723 75,652
INTEREST EXPENSE (139,155) (77,758) (259,375) (188,896)
OTHER INCOME 1,139,756 0 1,139,756 0
INCOME BEFORE INCOME TAX EXPENSE 877,824 2,157,723 1,889,842 3,469,460
INCOME TAX EXPENSE 275,197 289,195 493,068 515,991
NET INCOME 602,627 1,868,528 1,396,774 2,953,469
NET INCOME ATTRIBUTABLE TO NON-CONTROLLING INTERESTS 168,308 167,359 401,364 356,779
NET INCOME ATTRIBUTABLE TO NTIC $ 434,319 $ 1,701,169 $ 995,410 $ 2,596,690
NET INCOME ATTRIBUTABLE TO NTIC PER COMMON SHARE:        
Basic (in dollars per share) $ 0.05 $ 0.18 $ 0.11 $ 0.28
Diluted (in dollars per share) $ 0.04 $ 0.17 $ 0.1 $ 0.27
WEIGHTED AVERAGE COMMON SHARES        
Basic (in shares) 9,470,507 9,427,598 9,474,034 9,427,588
Diluted (in shares) 9,753,437 9,723,671 9,757,350 9,715,121
CASH DIVIDENDS DECLARED PER COMMON SHARE (in dollars per share) $ 0.07 $ 0.07 $ 0.14 $ 0.14