Note 9 - Net Income Per Common Share (Tables)

9 Months Ended

May 31, 2023

Notes Tables

Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]

	Three Months Ended May 31,				Nine Months Ended May 31,
Numerator:	2023 (Restated)		2022		2023 (Restated)		2022
Net income attributable to NTIC	$	1,059,590	$	1,000,167	$	1,973,329	$	5,676,773
Denominator:
Basic – weighted shares outstanding		9,369,923		9,227,912		9,355,776		9,216,216
Weighted shares assumed upon exercise of stock options		258,146		350,885		346,834		466,430
Diluted – weighted shares outstanding		9,628,069		9,578,797		9,702,610		9,682,646
Basic net income per share:	$	0.11	$	0.11	$	0.21	$	0.62
Diluted net income per share:	$	0.11	$	0.11	$	0.20	$	0.59