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Northern Technologies International Corp – ‘10-Q’ for 5/31/20 – ‘R48’

On:  Thursday, 7/9/20, at 4:07pm ET   ·   For:  5/31/20   ·   Accession #:  1171843-20-4868   ·   File #:  1-11038

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  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 7/09/20  Northern Technologies Int’l Corp  10-Q        5/31/20   75:4.2M                                   Globenewswire Inc./FA

Quarterly Report   —   Form 10-Q   —   Sect. 13 / 15(d) – SEA’34
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-Q        Quarterly Report                                    HTML    389K 
 2: EX-31.1     Certification -- §302 - SOA'02                      HTML     27K 
 3: EX-31.2     Certification -- §302 - SOA'02                      HTML     27K 
 4: EX-32.1     Certification -- §906 - SOA'02                      HTML     23K 
 5: EX-32.2     Certification -- §906 - SOA'02                      HTML     23K 
12: R1          Document And Entity Information                     HTML     55K 
13: R2          Consolidated Balance Sheets (Current Period         HTML    154K 
                Unaudited)                                                       
14: R3          Consolidated Balance Sheets (Current Period         HTML     43K 
                Unaudited) (Parentheticals)                                      
15: R4          Consolidated Statements of Operations (Unaudited)   HTML    133K 
16: R5          Consolidated Statements of Comprehensive Income     HTML     50K 
                (Unaudited)                                                      
17: R6          Consolidated Statements of Equity (Unaudited)       HTML     94K 
18: R7          Consolidated Statements of Cash Flows (Unaudited)   HTML    118K 
19: R8          Note 1 - Interim Financial Information              HTML     34K 
20: R9          Note 2 - Accounting Pronouncements                  HTML     40K 
21: R10         Note 3 - Inventories                                HTML     28K 
22: R11         Note 4 - Property and Equipment, Net                HTML     31K 
23: R12         Note 5 - Patents and Trademarks, Net                HTML     29K 
24: R13         Note 6 - Investments in Joint Ventures              HTML     58K 
25: R14         Note 7 - Corporate Debt                             HTML     31K 
26: R15         Note 8 - Stockholders' Equity                       HTML     41K 
27: R16         Note 9 - Net Income Per Common Share                HTML     38K 
28: R17         Note 10 - Stock-based Compensation                  HTML     39K 
29: R18         Note 11 - Segment and Geographic Information        HTML    107K 
30: R19         Note 12 - Commitments and Contingencies             HTML     46K 
31: R20         Note 13 - Fair Value Measurements                   HTML     33K 
32: R21         Note 14 - Supplemental Cash Flow Information        HTML     29K 
33: R22         Significant Accounting Policies (Policies)          HTML     40K 
34: R23         Note 3 - Inventories (Tables)                       HTML     29K 
35: R24         Note 4 - Property and Equipment, Net (Tables)       HTML     29K 
36: R25         Note 5 - Patents and Trademarks, Net (Tables)       HTML     28K 
37: R26         Note 6 - Investments in Joint Ventures (Tables)     HTML     57K 
38: R27         Note 8 - Stockholders' Equity (Tables)              HTML     30K 
39: R28         Note 9 - Net Income Per Common Share (Tables)       HTML     33K 
40: R29         Note 10 - Stock-based Compensation (Tables)         HTML     28K 
41: R30         Note 11 - Segment and Geographic Information        HTML    105K 
                (Tables)                                                         
42: R31         Note 12 - Commitments and Contingencies (Tables)    HTML     32K 
43: R32         Note 13 - Fair Value Measurements (Tables)          HTML     31K 
44: R33         Note 14 - Supplemental Cash Flow Information        HTML     28K 
                (Tables)                                                         
45: R34         Note 1 - Interim Financial Information (Details     HTML     23K 
                Textual)                                                         
46: R35         Note 2 - Accounting Pronouncements (Details         HTML     28K 
                Textual)                                                         
47: R36         Note 3 - Inventories - Inventories (Details)        HTML     29K 
48: R37         Note 4 - Property and Equipment, Net - Components   HTML     38K 
                of Property and Equipment, Net (Details)                         
49: R38         Note 5 - Patents and Trademarks, Net (Details       HTML     36K 
                Textual)                                                         
50: R39         Note 5 - Patents and Trademarks, Net - Patents and  HTML     30K 
                Trademarks, Net (Details)                                        
51: R40         Note 6 - Investments in Joint Ventures (Details     HTML     24K 
                Textual)                                                         
52: R41         Note 6 - Investments in Joint Ventures - Condensed  HTML     67K 
                Balance Sheet of EXCOR and All Other Joint                       
                Ventures (Details)                                               
53: R42         Note 6 - Investments in Joint Ventures - Condensed  HTML     68K 
                Income Statement of EXCOR and All Other Joint                    
                Ventures (Details)                                               
54: R43         Note 7 - Corporate Debt (Details Textual)           HTML     42K 
55: R44         Note 8 - Stockholders' Equity (Details Textual)     HTML     55K 
56: R45         Note 8 - Stockholders' Equity - Cash Dividends      HTML     30K 
                Declared (Details)                                               
57: R46         Note 9 - Net Income Per Common Share (Details       HTML     29K 
                Textual)                                                         
58: R47         Note 9 - Net Income Per Common Share -              HTML     59K 
                Reconciliation of the Earnings Per Share                         
                Computations (Details)                                           
59: R48         Note 10 - Stock-based Compensation (Details         HTML     58K 
                Textual)                                                         
60: R49         Note 10 - Stock-based Compensation - Black-Scholes  HTML     32K 
                Option-pricing Model Assumptions (Details)                       
61: R50         Note 11 - Segment and Geographic Information        HTML     23K 
                (Details Textual)                                                
62: R51         Note 11 - Segment and Geographic Information - Net  HTML     32K 
                Sales by Segment (Details)                                       
63: R52         Note 11 - Segment and Geographic Information -      HTML     35K 
                Cost of Goods Sold by Segment (Details)                          
64: R53         Note 11 - Segment and Geographic Information - Net  HTML     35K 
                Sales by Geographic Location (Details)                           
65: R54         Note 11 - Segment and Geographic Information -      HTML     53K 
                Fees for Services Provided to Joint Ventures by                  
                Geographic Location as a Percentage of Total Fees                
                (Details)                                                        
66: R55         Note 11 - Segment and Geographic Information -      HTML     33K 
                Total Long-lived Assets by Geographic Distribution               
                (Details)                                                        
67: R56         Note 11 - Segment and Geographic Information -      HTML     38K 
                Total Net Sales by Geographic Distribution                       
                (Details)                                                        
68: R57         Note 12 - Commitments and Contingencies (Details    HTML     45K 
                Textual)                                                         
69: R58         Note 12 - Commitments and Contingencies - Present   HTML     30K 
                Value of Long-term Leases (Details)                              
70: R59         Note 12 - Commitments and Contingencies - Future    HTML     44K 
                Minimum Rents Due (Details)                                      
71: R60         Note 13 - Fair Value Measurements - Assets and      HTML     28K 
                Liabilities Measured at Fair Value Recurring Basis               
                (Details)                                                        
72: R61         Note 14 - Supplemental Cash Flow Information -      HTML     27K 
                Supplemental Disclosures of Cash Flow Information                
                (Details)                                                        
74: XML         IDEA XML File -- Filing Summary                      XML    139K 
73: EXCEL       IDEA Workbook of Financial Reports                  XLSX     73K 
 6: EX-101.INS  XBRL Instance -- ntic-20200531                       XML   1.37M 
 8: EX-101.CAL  XBRL Calculations -- ntic-20200531_cal               XML    144K 
 9: EX-101.DEF  XBRL Definitions -- ntic-20200531_def                XML    957K 
10: EX-101.LAB  XBRL Labels -- ntic-20200531_lab                     XML    785K 
11: EX-101.PRE  XBRL Presentations -- ntic-20200531_pre              XML    995K 
 7: EX-101.SCH  XBRL Schema -- ntic-20200531                         XSD    167K 
75: ZIP         XBRL Zipped Folder -- 0001171843-20-004868-xbrl      Zip    118K 


‘R48’   —   Note 10 – Stock-based Compensation (Details Textual)


This is an IDEA Financial Report.  [ Alternative Formats ]



 
v3.20.2
Note 10 - Stock-based Compensation (Details Textual) - USD ($)
9 Months Ended
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross (in shares) 300,770 141,768
Share-based Payment Arrangement, Expense $ 998,122 $ 1,073,940
Share-based Payment Arrangement, Nonvested Award, Option, Cost Not yet Recognized, Amount   $ 360,486
Allocated Share-based Compensation Expense, Estimate Remainder of Fiscal Year 339,652  
Allocated Share-based Compensation Expense, Estimate, Fiscal Year Two $ 20,834  
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value (in dollars per share) $ 4.30 $ 9.01
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Remaining Contractual Term (Year) 6 years 98 days 6 years 54 days
The 2019 Plan [member]    
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized (in shares) 800,000  
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period (Year) 10 years  
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross (in shares) 300,770  
The 2019 Plan [member] | One Year after Date of Grant [Member] | Minimum [Member]    
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period (Year) 1 year  
The 2019 Plan [member] | One Year after Date of Grant [Member] | Maximum [Member]    
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period (Year) 3 years  
ESPP [Member]    
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized (in shares) 200,000  
Share-based Compensation Arrangement by Share-based Payment Award, Purchase Price of Common Stock, Percent 90.00%  
Common Stock, Capital Shares Reserved for Future Issuance (in shares) 84,693  

Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘10-Q’ Filing    Date    Other Filings
Filed on:7/9/20
For Period end:5/31/20
5/31/1910-Q
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Filing Submission 0001171843-20-004868   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

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