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Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Feb. 28, 2017
Feb. 29, 2016
Feb. 28, 2017
Feb. 29, 2016
NET SALES:        
Net sales, excluding joint ventures $ 8,309,586 $ 7,027,614 $ 17,191,551 $ 13,529,024
Net sales, to joint ventures 433,317 677,320 1,253,375 1,200,347
Total net sales 8,742,903 7,704,934 18,444,926 14,729,371
Cost of goods sold 5,870,186 5,268,224 12,482,952 10,143,647
Gross profit 2,872,717 2,436,710 5,961,974 4,585,724
JOINT VENTURE OPERATIONS:        
Equity in income of joint ventures 1,383,139 952,667 2,657,143 1,936,420
Fees for services provided to joint ventures 1,184,028 971,042 2,499,619 2,456,471
Total joint venture operations 2,567,167 1,923,709 5,156,762 4,392,891
OPERATING EXPENSES:        
Selling expenses 2,246,482 1,475,433 4,285,566 3,000,516
General and administrative expenses 1,842,528 1,806,557 4,314,308 3,981,164
Research and development expenses 742,037 1,113,525 1,384,559 2,117,622
Total operating expenses 4,831,047 4,395,515 9,984,433 9,099,302
OPERATING INCOME (LOSS) 608,837 (35,096) 1,134,303 (120,687)
INTEREST INCOME 4,516 14,384 8,079 28,557
INTEREST EXPENSE (3,470) (10,796) (8,093) (15,522)
OTHER INCOME 961 961
INCOME (LOSS) BEFORE INCOME TAX EXPENSE 609,883 (30,547) 1,134,289 (106,691)
INCOME TAX EXPENSE 124,909 40,466 242,622 36,964
NET INCOME (LOSS) 484,974 (71,013) 891,667 (143,655)
NET INCOME ATTRIBUTABLE TO NON-CONTROLLING INTERESTS 98,008 36,776 207,062 198,485
NET INCOME (LOSS) ATTRIBUTABLE TO NTIC $ 386,966 $ (107,789) $ 684,605 $ (342,140)
NET INCOME (LOSS) ATTRIBUTABLE TO NTIC PER COMMON SHARE:        
Basic (in dollars per share) $ 0.09 $ (0.02) $ 0.15 $ (0.08)
Diluted (in dollars per share) $ 0.09 $ (0.02) $ 0.15 $ (0.08)
WEIGHTED AVERAGE COMMON SHARES ASSUMED OUTSTANDING:        
Basic (in shares) 4,525,091 4,537,429 4,527,555 4,536,995
Diluted (in shares) 4,562,024 4,537,429 4,559,485 4,536,995