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v3.25.2

Note 7 - Investments in Joint Ventures (Tables) | 9 Months Ended
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May 31, 2025
Notes Tables |
Condensed Balance Sheet [Table Text Block] |
|  | As of May 31, 2025
|  |  | Total |  |  |  | EXCOR |  |  |  | All Other |
Current assets |  | $ | 57,530,046 |  |  | $ | 27,868,655 |  |  | $ | 29,661,391 |
Total assets |  |  | 67,124,813 |  |  |  | 34,923,270 |  |  |  | 32,201,543 |
Current liabilities |  |  | 12,049,553 |  |  |  | 2,039,968 |  |  |  | 10,009,585 |
Non-current liabilities |  |  | 285,249 |  |  |  | — |  |  |  | 285,249 |
Joint ventures’ equity |  |  | 54,790,011 |  |  |  | 32,883,302 |  |  |  | 21,906,709 |
NTIC’s share of joint ventures’ equity |  |  | 27,139,197 |  |  |  | 16,441,653 |  |  |  | 10,697,544 |
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 May 31, 2025 |
|  | Total |  |  | EXCOR |  |  | All Other |
Net sales |  | $ | 23,211,613 |  |  | $ | 8,271,661 |  |  | $ | 14,939,952 |
Gross profit |  |  | 9,768,978 |  |  |  | 4,339,777 |  |  |  | 5,429,201 |
Net income |  |  | 1,937,620 |  |  |  | 897,104 |  |  |  | 1,040,516 |
NTIC’s share of equity in income from joint ventures |  |  | 970,314 |  |  |  | 448,673 |  |  |  | 521,641 |
NTIC’s dividends received from joint ventures |  |  | 886,209 |  |  |  | — |  |  |  | 886,209 |
|  | Nine Months Ended May 31, 2025 |
|  | Total |  |  | EXCOR |  |  | All Other |
Net sales |  | $ | 66,848,498 |  |  | $ | 23,914,520 |  |  | $ | 42,933,978 |
Gross profit |  |  | 28,325,377 |  |  |  | 12,695,626 |  |  |  | 15,629,751 |
Net income |  |  | 5,416,777 |  |  |  | 2,665,391 |  |  |  | 2,751,386 |
NTIC’s share of equity in income from joint ventures |  |  | 2,720,637 |  |  |  | 1,340,674 |  |  |  | 1,379,963 |
NTIC’s dividends received from joint ventures |  |  | 1,566,946 |  |  |  | — |  |  |  | 1,566,946 |
|  | Three Months Ended May 31, 2024 |
|  | Total |  |  | EXCOR |  |  | All Other |
Net sales |  | $ | 25,602,072 |  |  | $ | 9,977,354 |  |  | $ | 15,624,718 |
Gross profit |  |  | 10,713,282 |  |  |  | 4,959,536 |  |  |  | 5,753,746 |
Net income |  |  | 2,793,738 |  |  |  | 1,623,431 |  |  |  | 1,170,307 |
NTIC’s share of equity in income from joint ventures |  |  | 1,396,730 |  |  |  | 811,399 |  |  |  | 585,331 |
NTIC’s dividends received from joint ventures |  |  | 567,674 |  |  |  | — |  |  |  | 567,674 |
|  | Nine Months Ended May 31, 2024 |
|  | Total |  |  | EXCOR |  |  | All Other |
Net sales |  | $ | 72,642,714 |  |  | $ | 27,561,950 |  |  | $ | 45,080,764 |
Gross profit |  |  | 30,956,162 |  |  |  | 14,164,541 |  |  |  | 16,791,621 |
Net income |  |  | 7,351,372 |  |  |  | 4,029,182 |  |  |  | 3,322,190 |
NTIC’s share of equity in income from joint ventures |  |  | 3,676,961 |  |  |  | 2,015,734 |  |  |  | 1,661,227 |
NTIC’s dividends received from joint ventures |  |  | 2,958,925 |  |  |  | 1,624,950 |  |  |  | 1,333,975 |

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