Numerator:

August 31, 2022

August 31, 2021

Net income attributable to NTIC

$

6,324,700

$

6,281,238

Denominator:

Basic-weighted shares outstanding

9,216,216

9,116,472

Weighted shares assumed upon exercise of stock options

418,812

757,667

Diluted – weighted shares outstanding

9,635,028

9,874,139

Basic net income per share:

$

0.69

$

0.69

Diluted net income per share:

$

0.66

$

0.64