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Consolidated Statements of Operations - USD ($)
12 Months Ended
Aug. 31, 2018
Aug. 31, 2017
NET SALES:    
Net sales, excluding joint ventures $ 48,516,749 $ 36,346,645
Net sales, to joint ventures 2,908,072 3,222,478
Total net sales 51,424,821 39,569,123
Cost of goods sold 34,165,440 26,316,511
Gross profit 17,259,381 13,252,612
JOINT VENTURE OPERATIONS:    
Equity in income from joint ventures 7,527,383 5,898,908
Fees for services provided to joint ventures 6,142,139 5,452,687
Total joint venture operations 13,669,522 11,351,595
OPERATING EXPENSES:    
Selling expenses 10,886,011 9,283,310
General and administrative expenses 8,500,490 7,807,563
Research and development expenses 3,524,953 2,912,393
Total operating expenses 22,911,454 20,003,266
OPERATING INCOME 8,017,449 4,600,941
INTEREST INCOME 99,463 43,539
INTEREST EXPENSE (17,962) (20,382)
INCOME BEFORE INCOME TAX EXPENSE 8,098,950 4,624,098
INCOME TAX EXPENSE 876,103 699,519
NET INCOME 7,222,847 3,924,579
NET INCOME ATTRIBUTABLE TO NON-CONTROLLING INTERESTS 521,481 502,453
NET INCOME ATTRIBUTABLE TO NTIC $ 6,701,366 $ 3,422,126
NET INCOME ATTRIBUTABLE TO NTIC PER COMMON SHARE:    
Basic (in dollars per share) $ 1.48 $ 0.76
Diluted (in dollars per share) $ 1.43 $ 0.75
WEIGHTED AVERAGE COMMON SHARES    
Basic (in shares) 4,538,838 4,528,611
Diluted (in shares) 4,685,202 4,577,359
CASH DIVIDENDS DECLARED PER COMMON SHARE (in dollars per share) $ 0.40 $ 0