Note 6 - Investments in Joint Ventures (Tables)

3 Months Ended

Nov. 30, 2023

Notes Tables

Condensed Balance Sheet [Table Text Block]

	As of November 30, 2023
	Total		EXCOR		All Other
Current assets	$	58,856,062	$	28,976,285	$	29,879,777
Total assets		63,316,496		31,258,136		32,058,360
Current liabilities		13,323,941		2,674,730		10,649,211
Noncurrent liabilities		300,465		—		300,465
Joint ventures’ equity		49,692,091		28,583,406		21,108,685
NTIC’s share of joint ventures’ equity		24,599,516		14,291,705		10,307,811
NTIC’s share of joint ventures’ undistributed earnings		23,654,848		14,260,800		9,394,048

	As of August 31, 2023
	Total		EXCOR		All Other
Current assets	$	55,339,662	$	27,862,458	$	27,477,204
Total assets		59,729,348		30,054,277		29,675,071
Current liabilities		11,464,247		2,687,064		8,777,183
Noncurrent liabilities		323,762		—		323,762
Joint ventures’ equity		47,941,339		27,367,213		20,574,126
NTIC’s share of joint ventures’ equity		23,705,714		13,683,608		10,022,106
NTIC’s share of joint ventures’ undistributed earnings		20,493,861		12,075,524		8,418,337

Condensed Income Statement [Table Text Block]

	Three Months Ended November 30, 2023
	Total		EXCOR		All Other
Net sales	$	23,560,661	$	8,420,960	$	15,139,701
Gross profit		10,103,800		4,375,075		5,728,725
Net income		2,204,482		1,026,907		1,177,575
NTIC’s share of equity in income from joint ventures		1,102,241		513,453		588,788
NTIC’s dividends received from joint ventures		371,104		—		371,104

	Three Months Ended November 30, 2022
	Total		EXCOR		All Other
Net sales	$	24,730,289	$	10,145,921	$	14,584,368
Gross profit		9,693,568		4,720,042		4,973,526
Net income		2,646,908		1,742,287		904,621
NTIC’s share of equity in income from joint ventures		1,189,400		871,144		318,260
NTIC’s dividends received from joint ventures		3,042,688		2,459,500		583,188