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Consolidated Statements of Operations - USD ($)
12 Months Ended
Aug. 31, 2019
Aug. 31, 2018
NET SALES:    
Net sales, excluding joint ventures $ 53,142,583 $ 48,516,749
Net sales, to joint ventures 2,607,554 2,908,072
Total net sales 55,750,137 51,424,821
Cost of goods sold 37,970,244 34,165,440
Gross profit 17,779,893 17,259,381
JOINT VENTURE OPERATIONS:    
Equity in income from joint ventures 7,225,518 7,527,383
Fees for services provided to joint ventures 5,727,579 6,142,139
Total joint venture operations 12,953,097 13,669,522
OPERATING EXPENSES:    
Selling expenses 10,968,592 10,886,011
General and administrative expenses 9,349,559 8,500,490
Research and development expenses 3,822,070 3,524,953
Total operating expenses 24,140,221 22,911,454
OPERATING INCOME 6,592,769 8,017,449
INTEREST INCOME 78,257 99,463
INTEREST EXPENSE (13,567) (17,962)
INCOME BEFORE INCOME TAX EXPENSE 6,657,459 8,098,950
INCOME TAX EXPENSE 841,837 876,103
NET INCOME 5,815,622 7,222,847
NET INCOME ATTRIBUTABLE TO NON-CONTROLLING INTERESTS 606,000 521,481
NET INCOME ATTRIBUTABLE TO NTIC $ 5,209,622 $ 6,701,366
NET INCOME ATTRIBUTABLE TO NTIC PER COMMON SHARE:    
Basic (in dollars per share) $ 0.57 $ 0.74
Diluted (in dollars per share) $ 0.55 $ 0.72
Basic (in shares) 9,085,584 9,077,676
Diluted (in shares) 9,415,974 9,370,404
CASH DIVIDENDS DECLARED PER COMMON SHARE (in dollars per share) $ 0.24 $ 0.20