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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
May 31, 2025
May 31, 2024
CASH FLOWS FROM OPERATING ACTIVITIES:    
NET INCOME $ 1,729,225 $ 4,108,791
Adjustments to reconcile net income to net cash provided by operating activities:    
Stock-based compensation expense 1,018,210 1,038,022
Depreciation expense 749,666 884,421
Amortization expense 524,281 442,975
Loss on disposal of assets 23,602 0
Equity in income from joint ventures (2,720,637) (3,676,962)
Dividends received from joint ventures 1,566,946 2,958,925
Deferred income taxes 49,724 (40,091)
Changes in current assets and liabilities:    
Trade 2,406,970 778,316
Fees for services provided to joint ventures 121,669 34,441
Dividends receivable from joint venture 0 1,986,027
Income taxes (646,985) (429,626)
Inventories (628,811) (197,240)
Prepaid expenses and other (773,386) (184,366)
Accounts payable 803,311 300,181
Income tax payable 39,174 4,504
Accrued liabilities (454,509) (424,413)
Net cash provided by operating activities 3,808,450 7,583,905
CASH FLOWS FROM INVESTING ACTIVITIES:    
Proceeds from the sale of property and equipment 20,000 0
Purchases of property and equipment (1,490,021) (2,515,248)
Investments in intangibles (1,908,102) (85,928)
Net cash used in investing activities (3,378,123) (2,601,176)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from line of credit 24,337,814 29,144,279
Repayments on line of credit (21,259,473) (30,755,899)
Dividends paid on NTIC common stock (1,420,616) (1,980,745)
Dividends received by non-controlling interest (280,000)  
Proceeds from employee stock purchase plan 81,496 79,967
Net cash used in financing activities 1,459,221 (4,587,474)
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS (68,331) (6,604)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 1,821,217 388,651
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 4,952,184 5,406,173
CASH AND CASH EQUIVALENTS AT END OF PERIOD $ 6,773,401 $ 5,794,824