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Consolidated Statements of Operations (Unaudited) (USD $)
3 Months Ended 9 Months Ended
May 31, 2012
May 31, 2011
May 31, 2012
May 31, 2011
NET SALES:        
Net sales, excluding joint ventures $ 7,175,825 $ 4,367,589 $ 15,579,086 $ 11,906,999
Net sales, to joint ventures 629,079 733,189 2,032,260 2,070,338
Total net sales 7,804,904 5,100,778 17,611,346 13,977,337
Cost of goods sold 4,143,514 3,458,851 10,833,072 9,155,788
Gross profit 3,661,390 1,641,927 6,778,274 4,821,549
JOINT VENTURE OPERATIONS:        
Equity in income of joint ventures 1,822,972 1,724,477 4,405,327 4,549,267
Fees for services provided to joint ventures 734,337 1,623,585 3,477,715 4,477,514
Total joint venture operations 2,557,309 3,348,062 7,883,042 9,026,781
OPERATING EXPENSES:        
Selling expenses 1,270,996 1,167,630 3,393,564 3,088,237
General and administrative expenses 1,147,744 1,126,823 3,518,569 3,300,626
Expenses incurred in support of joint ventures 294,169 244,959 729,990 722,955
Research and development expenses 1,067,454 1,207,889 2,856,536 3,308,515
Total operating expenses 3,780,363 3,747,301 10,498,659 10,420,333
OPERATING INCOME 2,438,336 1,242,688 4,162,657 3,427,997
INTEREST INCOME 15,726 8,522 36,417 13,131
INTEREST EXPENSE (6,264) (7,880) (19,514) (53,355)
OTHER INCOME 6,825 6,825 20,475 20,475
INCOME BEFORE INCOME TAX EXPENSE 2,454,623 1,250,155 4,200,035 3,408,248
INCOME TAX EXPENSE 814,000 228,000 1,020,000 490,000
NET INCOME 1,640,623 1,022,155 3,180,035 2,918,248
NET INCOME (LOSS) ATTRIBUTABLE TO NON CONTROLLING INTEREST 186,586 (1,394) 161,048 45,879
NET INCOME ATTRIBUTABLE TO NTIC $ 1,454,037 $ 1,023,549 $ 3,018,987 $ 2,872,369
NET INCOME ATTRIBUTABLE TO NTIC PER COMMON SHARE:        
Basic (in Shares) 0.33 0.24 0.69 0.67
Diluted (in Shares) 0.33 0.23 0.68 0.66
WEIGHTED AVERAGE COMMON SHARES ASSUMED OUTSTANDING:        
Basic (in Dollars per share) $ 4,399,290 $ 4,343,601 $ 4,379,175 $ 4,303,892
Diluted (in Dollars per share) $ 4,461,044 $ 4,427,097 $ 4,448,472 $ 4,378,242