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Consolidated Statements of Operations - USD ($)
12 Months Ended
Aug. 31, 2015
Aug. 31, 2014
Aug. 31, 2013
NET SALES:      
Net sales, excluding joint ventures $ 27,491,392 $ 23,601,514 $ 19,724,205
Net sales, to joint ventures 2,831,301 3,224,594 2,777,659
Total net sales 30,322,693 26,826,108 22,501,864
Cost of goods sold 20,555,932 17,803,153 15,473,212
Gross profit 9,766,761 9,022,955 7,028,652
JOINT VENTURE OPERATIONS:      
Equity in income from joint ventures 5,936,565 5,920,603 5,237,711
Fees for services provided to joint ventures 5,715,491 8,142,863 7,352,980
Total joint venture operations 11,652,056 14,063,466 12,590,691
OPERATING EXPENSES:      
Selling expenses 5,820,748 5,221,738 4,845,676
General and administrative expenses 6,531,576 5,393,531 4,605,979
Expenses incurred in support of joint ventures 1,867,570 1,408,014 1,387,197
Research and development expenses 4,047,279 4,368,752 3,815,515
Total operating expenses 18,267,173 16,392,035 14,654,367
OPERATING INCOME 3,151,644 6,694,386 4,964,976
INTEREST INCOME 34,835 11,617 34,614
INTEREST EXPENSE (20,960) (47,322) (52,215)
OTHER INCOME 515 4,393 670,126
INCOME BEFORE INCOME TAX EXPENSE 3,166,034 6,663,074 5,617,501
INCOME TAX EXPENSE 648,674 1,124,662 864,000
NET INCOME 2,517,360 5,538,412 4,753,501
NET INCOME ATTRIBUTABLE TO NON-CONTROLLING INTERESTS 727,789 1,432,040 1,386,607
NET INCOME ATTRIBUTABLE TO NTIC $ 1,789,571 $ 4,106,372 $ 3,366,894
NET INCOME ATTRIBUTABLE TO NTIC PER COMMON SHARE:      
Basic (in dollars per share) $ 0.40 $ 0.92 $ 0.76
Diluted (in dollars per share) $ 0.38 $ 0.90 $ 0.75
WEIGHTED AVERAGE COMMON SHARES ASSUMED OUTSTANDING:      
Basic (in shares) 4,521,788 4,454,836 4,421,636
Diluted (in shares) 4,649,060 4,579,498 4,475,895