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Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
May 31, 2025
May 31, 2024
May 31, 2025
May 31, 2024
NET SALES:        
Net sales $ 21,508,563 $ 20,686,197 $ 61,919,022 $ 61,710,410
Cost of goods sold 13,249,123 12,793,103 38,701,045 38,143,878
Gross profit 8,259,440 7,893,094 23,217,977 23,566,532
JOINT VENTURE OPERATIONS:        
Equity in income from joint ventures 970,314 1,396,731 2,720,637 3,676,962
Fees for services provided to joint ventures 1,302,598 1,212,497 3,656,980 3,764,514
Total joint venture operations 2,272,912 2,609,228 6,377,617 7,441,476
OPERATING EXPENSES:        
Selling expenses 4,375,956 4,232,887 12,515,638 12,053,839
General and administrative expenses 4,150,966 3,500,113 11,668,492 10,253,966
Research and development expenses 1,138,243 1,245,405 3,770,539 3,593,582
Total operating expenses 9,665,165 8,978,405 27,954,669 25,901,387
OPERATING INCOME 867,187 1,523,917 1,640,925 5,106,621
INTEREST INCOME 37,821 23,744 273,544 99,396
INTEREST EXPENSE (162,096) (59,939) (421,471) (248,835)
OTHER INCOME 0 0 1,139,756 0
INCOME BEFORE INCOME TAX EXPENSE 742,912 1,487,722 2,632,754 4,957,182
INCOME TAX EXPENSE 410,461 332,400 903,529 848,391
NET INCOME 332,451 1,155,322 1,729,225 4,108,791
NET INCOME ATTRIBUTABLE TO NON-CONTROLLING INTERESTS 210,676 178,718 612,040 535,497
NET INCOME ATTRIBUTABLE TO NTIC $ 121,775 $ 976,604 $ 1,117,185 $ 3,573,294
NET INCOME ATTRIBUTABLE TO NTIC PER COMMON SHARE:        
Basic (in dollars per share) $ 0.01 $ 0.1 $ 0.12 $ 0.38
Diluted (in dollars per share) $ 0.01 $ 0.1 $ 0.12 $ 0.36
WEIGHTED AVERAGE COMMON SHARES        
Basic (in shares) 9,474,363 9,431,134 9,475,967 9,432,684
Diluted (in shares) 9,539,766 10,015,674 9,686,646 9,819,220
CASH DIVIDENDS DECLARED PER COMMON SHARE (in dollars per share) $ 0.01 $ 0.07 $ 0.15 $ 0.21