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Consolidated Statements of Operations (Unaudited) - USD ($)
12 Months Ended
Aug. 31, 2022
Aug. 31, 2021
NET SALES:    
Net sales, excluding joint ventures $ 71,190,801 $ 53,470,623
Net sales, to joint ventures 2,968,089 3,023,196
Total net sales 74,158,890 56,493,819
Cost of goods sold 51,090,298 36,920,814 [1]
Gross profit 23,068,592 19,573,005
JOINT VENTURE OPERATIONS:    
Equity in income from joint ventures 4,725,918 7,465,214
Fees for services provided to joint ventures 5,767,682 5,964,260
To Total joint venture operations 10,493,600 13,429,474
OPERATING EXPENSES:    
Selling expenses 13,038,180 12,016,974
General and administrative expenses 10,600,603 8,262,173
Research and development expenses 4,775,334 4,400,479
Total operating expenses 28,414,117 24,679,626
OPERATING INCOME 5,148,075 8,322,853
REMEASUREMENT GAIN ON ACQUISITION OF EQUITY METHOD INVESTEE 3,951,550 0
INTEREST INCOME 49,241 151,875
INTEREST EXPENSE (89,096) (16,086)
INCOME BEFORE INCOME TAX EXPENSE 9,059,770 8,458,642
INCOME TAX EXPENSE 1,873,836 1,461,905
NET INCOME 7,185,934 6,996,737
NET INCOME ATTRIBUTABLE TO NON-CONTROLLING INTERESTS 861,234 715,499
NET INCOME ATTRIBUTABLE TO NTIC $ 6,324,700 $ 6,281,238
NET INCOME ATTRIBUTABLE TO NTIC PER COMMON SHARE:    
Basic (in dollars per share) $ 0.69 $ 0.69
Diluted (in dollars per share) $ 0.66 $ 0.64
WEIGHTED AVERAGE COMMON SHARES ASSUMED OUTSTANDING:    
Basic (in shares) 9,216,216 9,116,472
Diluted (in shares) 9,635,028 9,874,139
Common Stock, Dividends, Per Share, Declared (in dollars per share) $ 0.28 $ 0.195
[1] The percent of segment sales is calculated by dividing the direct cost of goods sold for each individual segment category by the net sales for each segment category.