XML 52 R40.htm IDEA: XBRL DOCUMENT v3.22.2
Note 7 - Investments in Joint Ventures - Condensed Balance Sheet of EXCOR and All Other Joint Ventures (Details) - USD ($)
May 31, 2022
Aug. 31, 2021
Current assets $ 38,968,265 $ 33,747,089
Total assets 85,185,397 74,370,879
Current liabilities 14,241,487 8,516,196
Noncurrent liabilities 2,268,240 104,102
Joint ventures’ equity 65,222,459 62,368,028
Investments in joint ventures 22,194,433 27,623,768
EXCOR and All Other Joint Venturs [Member]    
Investments in joint ventures 22,194,433 27,623,768
Northern Technologies International Corporation’s share of joint ventures’ undistributed earnings 20,844,284 24,702,778
EXCOR [Member]    
Investments in joint ventures 12,374,756 15,412,574
Northern Technologies International Corporation’s share of joint ventures’ undistributed earnings 12,343,851 14,697,490
All Other [Member]    
Investments in joint ventures 9,819,677  
Northern Technologies International Corporation’s share of joint ventures’ undistributed earnings 8,500,433  
Joint Ventures in France [Member]    
Investments in joint ventures [1]   12,211,194
Northern Technologies International Corporation’s share of joint ventures’ undistributed earnings [1]   10,005,288
Equity Method Investment, Nonconsolidated Investee or Group of Investees [Member]    
Current assets 55,305,950 69,394,796
Total assets 59,037,744 73,814,402
Current liabilities 13,289,392 16,366,398
Noncurrent liabilities 1,223,185 1,455,524
Joint ventures’ equity 44,601,335 55,992,480
EXCOR [Member]    
Current assets 25,677,287 33,886,655
Total assets 27,727,623 36,211,520
Current liabilities 2,978,114 5,386,377
Noncurrent liabilities 0 0
Joint ventures’ equity 24,749,509 30,825,144
All Other [Member]    
Current assets 29,628,663  
Total assets 31,310,121  
Current liabilities 10,311,279  
Noncurrent liabilities 1,223,185  
Joint ventures’ equity $ 19,851,826  
Joint Ventures in France [Member]    
Current assets [1]   35,508,141
Total assets [1]   37,602,882
Current liabilities [1]   10,980,021
Noncurrent liabilities [1]   1,455,524
Joint ventures’ equity [1]   $ 25,167,336
[1] Includes Zerust India since Zerust India was not a consolidated subsidiary of the Company as of August 31, 2021 or May 31, 2021. See Note 3 entitled “Business Combination.”