Note 6 - Investments in Joint Ventures (Tables)

12 Months Ended

Aug. 31, 2024

Notes Tables

Condensed Balance Sheet [Table Text Block]

	As of August 31, 2024
	Total		EXCOR		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
Noncurrent 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

	As of August 31, 2023
	Total		EXCOR		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]

	Fiscal Year Ended August 31, 2024
	Total		EXCOR		OTHER
Net sales	$	95,940,014	$	35,720,889	$	60,219,125
Gross profit		41,247,036		18,288,258		22,958,778
Net income		8,450,411		4,599,088		3,851,323
NTIC’s share of equity in income of joint ventures		4,223,296		2,299,274		1,924,022
NTIC’s dividends received from joint ventures		2,997,164		1,624,950		1,372,214

	Fiscal Year Ended August 31, 2023
	Total		EXCOR		OTHER
Net sales	$	100,682,316	$	39,642,380	$	61,039,936
Gross profit		40,096,561		19,016,389		21,080,172
Net income		8,934,198		5,730,311		3,203,887
NTIC’s share of equity in income of joint ventures		6,452,719		2,852,229		3,600,490
NTIC’s dividends received from joint ventures		5,639,198		2,459,500		3,179,698