Note 1 - Interim Financial Information

9 Months Ended

May 31, 2019

Notes to Financial Statements

Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]

1. INTERIM FINANCIAL INFORMATION

In the opinion of management, the accompanying unaudited consolidated financial statements contain all necessary adjustments, which are of a normal recurring nature, and present fairly the consolidated financial position of Northern Technologies International Corporation and its subsidiaries (the Company) as of

May 31, 2019

and

August 31, 2018,

the results of their operations for the

three

and

nine

months ended

May 31, 2019

and

2018,

the changes in stockholders’ equity for the

three

and

nine

months ended

May 31, 2019

and their cash flows for the

nine

months ended

May 31, 2019

and

2018,

in conformity with accounting principles generally accepted in the United States of America (U.S. GAAP).

These consolidated financial statements should be read in conjunction with the consolidated financial statements and related notes contained in the Company’s annual report on Form

10

-K for the fiscal year ended

August 31, 2018.

These consolidated financial statements also should be read in conjunction with the “Management’s Discussion and Analysis of Financial Condition and Results of Operations” section appearing in this report.

Operating results for the

three

and

nine

months ended

May 31, 2019

are

not

necessarily indicative of the results that

may

be expected for the full fiscal year ending

August 31, 2019.

On

June 3, 2019,

the Company’s Board of Directors declared a

two

-for-

one

stock split of the Company’s common stock effected in the form of a

100%

share dividend distributed on

June 28, 2019

to record holders as of

June 17, 2019.

All share and per share values in this report have been adjusted to retroactively reflect the effect of the

two

-for-

one

stock split.

The Company evaluates events occurring after the date of the consolidated financial statements requiring recording or disclosure in the consolidated financial statements.