v3.20.2
Consolidated Statements of Operations (Unaudited) - USD ($)
|
3 Months Ended |
9 Months Ended |
|
|
|
|
| NET SALES: |
|
|
|
|
| Net sales, excluding joint ventures |
$ 9,071,072
|
$ 13,780,804
|
$ 36,105,009
|
$ 39,998,118
|
| Net sales, to joint ventures |
673,751
|
1,112,313
|
1,504,997
|
2,304,455
|
| Total net sales |
9,744,823
|
14,893,117
|
37,610,006
|
42,302,573
|
| Cost of goods sold |
6,499,102
|
10,138,353
|
24,991,487
|
28,883,589
|
| Gross profit |
3,245,721
|
4,754,764
|
12,618,519
|
13,418,984
|
| JOINT VENTURE OPERATIONS: |
|
|
|
|
| Equity in income from joint ventures |
811,787
|
1,877,410
|
3,466,581
|
5,596,788
|
| Fees for services provided to joint ventures |
876,706
|
1,433,823
|
3,491,244
|
4,299,032
|
| Total joint venture operations |
1,688,493
|
3,311,233
|
6,957,825
|
9,895,820
|
| OPERATING EXPENSES: |
|
|
|
|
| Selling expenses |
2,487,396
|
2,761,488
|
8,484,928
|
8,077,663
|
| General and administrative expenses |
2,213,552
|
2,527,192
|
6,608,352
|
6,986,526
|
| Research and development expenses |
950,127
|
1,005,045
|
2,918,163
|
2,804,739
|
| Total operating expenses |
5,651,075
|
6,293,725
|
18,011,443
|
17,868,928
|
| OPERATING (LOSS) INCOME |
(716,861)
|
1,772,272
|
1,564,901
|
5,445,876
|
| INTEREST (EXPENSE) INCOME |
(73,738)
|
18,949
|
15,881
|
40,666
|
| (LOSS) INCOME BEFORE INCOME TAX EXPENSE |
(790,239)
|
1,791,221
|
1,580,782
|
5,486,542
|
| INCOME TAX EXPENSE |
142,285
|
150,257
|
869,945
|
652,331
|
| NET (LOSS) INCOME |
(932,524)
|
1,640,964
|
710,837
|
4,834,211
|
| NET INCOME ATTRIBUTABLE TO NON- CONTROLLING INTERESTS |
32,697
|
158,815
|
283,674
|
453,435
|
| NET (LOSS) INCOME ATTRIBUTABLE TO NTIC |
$ (965,221)
|
$ 1,482,149
|
$ 427,163
|
$ 4,380,776
|
| NET (LOSS) INCOME ATTRIBUTABLE TO NTIC PER COMMON SHARE: |
|
|
|
|
| Basic (in dollars per share) |
$ (0.11)
|
$ 0.16
|
$ 0.05
|
$ 0.48
|
| Diluted (in dollars per share) |
$ (0.11)
|
$ 0.16
|
$ 0.05
|
$ 0.46
|
| WEIGHTED AVERAGE COMMON SHARES ASSUMED OUTSTANDING: |
|
|
|
|
| Basic (in shares) |
9,099,990
|
9,084,354
|
9,096,981
|
9,085,584
|
| Diluted (in shares) |
9,099,990
|
9,392,444
|
9,312,914
|
9,440,858
|
| CASH DIVIDENDS DECLARED PER COMMON SHARE (in dollars per share) |
$ 0
|
$ 0.06
|
$ 0.13
|
$ 0.18
|
| X |
- DefinitionRoyalties and service fees from transactions directly with the reporting entity's joint ventures outside the normal course of business.
| Name: |
ntic_FeesForServicesProvidedToJointVentures |
| Namespace Prefix: |
ntic_ |
| Data Type: |
xbrli:monetaryItemType |
| Balance Type: |
credit |
| Period Type: |
duration |
|
| X |
- Definition
+ References
+ Details
| Name: |
ntic_JointVentureOperationsAbstract |
| Namespace Prefix: |
ntic_ |
| Data Type: |
xbrli:stringItemType |
| Balance Type: |
na |
| Period Type: |
duration |
|
| X |
- DefinitionNet sales either directly to end users or to distributors worldwide, but not sales to the reporting entity's joint ventures and not sales by the reporting entity's joint ventures.
| Name: |
ntic_NetSalesExcludingJointVentures |
| Namespace Prefix: |
ntic_ |
| Data Type: |
xbrli:monetaryItemType |
| Balance Type: |
credit |
| Period Type: |
duration |
|
| X |
- DefinitionNet sales by the reporting entity to the reporting entity's joint ventures, but not sales by the reporting entity either directly to end users or to distributors or sales by the reporting entity’s joint ventures.
| Name: |
ntic_NetSalesToJointVentures |
| Namespace Prefix: |
ntic_ |
| Data Type: |
xbrli:monetaryItemType |
| Balance Type: |
credit |
| Period Type: |
duration |
|
| X |
- DefinitionWeighted average number of shares outstanding, basic and diluted[abstract]
| Name: |
ntic_WeightedAverageNumberOfSharesOutstandingBasicAndDilutedAbstract |
| Namespace Prefix: |
ntic_ |
| Data Type: |
xbrli:stringItemType |
| Balance Type: |
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| Period Type: |
duration |
|
| X |
- DefinitionAggregate dividends declared during the period for each share of common stock outstanding.
| Name: |
us-gaap_CommonStockDividendsPerShareDeclared |
| Namespace Prefix: |
us-gaap_ |
| Data Type: |
num:perShareItemType |
| Balance Type: |
na |
| Period Type: |
duration |
|
| X |
- DefinitionThe aggregate costs related to goods produced and sold and services rendered by an entity during the reporting period. This excludes costs incurred during the reporting period related to financial services rendered and other revenue generating activities.
| Name: |
us-gaap_CostOfGoodsAndServicesSold |
| Namespace Prefix: |
us-gaap_ |
| Data Type: |
xbrli:monetaryItemType |
| Balance Type: |
debit |
| Period Type: |
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|
| X |
- References
+ Details
| Name: |
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| Namespace Prefix: |
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| Data Type: |
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| Balance Type: |
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| Period Type: |
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|
| X |
- DefinitionThe amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.
| Name: |
us-gaap_EarningsPerShareBasic |
| Namespace Prefix: |
us-gaap_ |
| Data Type: |
num:perShareItemType |
| Balance Type: |
na |
| Period Type: |
duration |
|
| X |
- DefinitionThe amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period.
| Name: |
us-gaap_EarningsPerShareDiluted |
| Namespace Prefix: |
us-gaap_ |
| Data Type: |
num:perShareItemType |
| Balance Type: |
na |
| Period Type: |
duration |
|
| X |
- DefinitionThe aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line.
| Name: |
us-gaap_GeneralAndAdministrativeExpense |
| Namespace Prefix: |
us-gaap_ |
| Data Type: |
xbrli:monetaryItemType |
| Balance Type: |
debit |
| Period Type: |
duration |
|
| X |
- DefinitionAggregate revenue less cost of goods and services sold or operating expenses directly attributable to the revenue generation activity.
| Name: |
us-gaap_GrossProfit |
| Namespace Prefix: |
us-gaap_ |
| Data Type: |
xbrli:monetaryItemType |
| Balance Type: |
credit |
| Period Type: |
duration |
|
| X |
- DefinitionAmount of income (loss) for proportionate share of equity method investee's income (loss).
| Name: |
us-gaap_IncomeLossFromEquityMethodInvestments |
| Namespace Prefix: |
us-gaap_ |
| Data Type: |
xbrli:monetaryItemType |
| Balance Type: |
credit |
| Period Type: |
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|
| X |
- DefinitionAmount, before tax, of income (loss) including portion attributable to noncontrolling interest. Includes, but is not limited to, income (loss) from continuing operations, discontinued operations and equity method investments.
| Name: |
us-gaap_IncomeLossIncludingPortionAttributableToNoncontrollingInterest |
| Namespace Prefix: |
us-gaap_ |
| Data Type: |
xbrli:monetaryItemType |
| Balance Type: |
credit |
| Period Type: |
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|
| X |
- DefinitionThe net amount of operating interest income (expense).
| Name: |
us-gaap_InterestIncomeExpenseNet |
| Namespace Prefix: |
us-gaap_ |
| Data Type: |
xbrli:monetaryItemType |
| Balance Type: |
credit |
| Period Type: |
duration |
|
| X |
- DefinitionThe portion of profit or loss for the period, net of income taxes, which is attributable to the parent.
| Name: |
us-gaap_NetIncomeLoss |
| Namespace Prefix: |
us-gaap_ |
| Data Type: |
xbrli:monetaryItemType |
| Balance Type: |
credit |
| Period Type: |
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|
| X |
- DefinitionAmount of Net Income (Loss) attributable to noncontrolling interest.
| Name: |
us-gaap_NetIncomeLossAttributableToNoncontrollingInterest |
| Namespace Prefix: |
us-gaap_ |
| Data Type: |
xbrli:monetaryItemType |
| Balance Type: |
debit |
| Period Type: |
duration |
|
| X |
- DefinitionGenerally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense.
| Name: |
us-gaap_OperatingExpenses |
| Namespace Prefix: |
us-gaap_ |
| Data Type: |
xbrli:monetaryItemType |
| Balance Type: |
debit |
| Period Type: |
duration |
|
| X |
- References
+ Details
| Name: |
us-gaap_OperatingExpensesAbstract |
| Namespace Prefix: |
us-gaap_ |
| Data Type: |
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| Balance Type: |
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| Period Type: |
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|
| X |
- DefinitionThe net result for the period of deducting operating expenses from operating revenues.
| Name: |
us-gaap_OperatingIncomeLoss |
| Namespace Prefix: |
us-gaap_ |
| Data Type: |
xbrli:monetaryItemType |
| Balance Type: |
credit |
| Period Type: |
duration |
|
| X |
- DefinitionThe total amount of other operating income, the components of which are not separately disclosed on the income statement, from items that are associated with the entity's normal revenue producing operation.
| Name: |
us-gaap_OtherOperatingIncome |
| Namespace Prefix: |
us-gaap_ |
| Data Type: |
xbrli:monetaryItemType |
| Balance Type: |
credit |
| Period Type: |
duration |
|
| X |
- DefinitionThe consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest.
| Name: |
us-gaap_ProfitLoss |
| Namespace Prefix: |
us-gaap_ |
| Data Type: |
xbrli:monetaryItemType |
| Balance Type: |
credit |
| Period Type: |
duration |
|
| X |
- DefinitionThe aggregate costs incurred (1) in a planned search or critical investigation aimed at discovery of new knowledge with the hope that such knowledge will be useful in developing a new product or service, a new process or technique, or in bringing about a significant improvement to an existing product or process; or (2) to translate research findings or other knowledge into a plan or design for a new product or process or for a significant improvement to an existing product or process whether intended for sale or the entity's use, during the reporting period charged to research and development projects, including the costs of developing computer software up to the point in time of achieving technological feasibility, and costs allocated in accounting for a business combination to in-process projects deemed to have no alternative future use.
| Name: |
us-gaap_ResearchAndDevelopmentExpense |
| Namespace Prefix: |
us-gaap_ |
| Data Type: |
xbrli:monetaryItemType |
| Balance Type: |
debit |
| Period Type: |
duration |
|
| X |
- DefinitionAmount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss).
| Name: |
us-gaap_Revenues |
| Namespace Prefix: |
us-gaap_ |
| Data Type: |
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| Balance Type: |
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| Period Type: |
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|
| X |
- References
+ Details
| Name: |
us-gaap_RevenuesAbstract |
| Namespace Prefix: |
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| Data Type: |
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| Balance Type: |
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| Period Type: |
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|
| X |
- DefinitionExpenses recognized in the period that are directly related to the selling and distribution of products or services.
| Name: |
us-gaap_SellingExpense |
| Namespace Prefix: |
us-gaap_ |
| Data Type: |
xbrli:monetaryItemType |
| Balance Type: |
debit |
| Period Type: |
duration |
|
| X |
- DefinitionThe average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period.
| Name: |
us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding |
| Namespace Prefix: |
us-gaap_ |
| Data Type: |
xbrli:sharesItemType |
| Balance Type: |
na |
| Period Type: |
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|
| X |
- DefinitionNumber of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period.
| Name: |
us-gaap_WeightedAverageNumberOfSharesOutstandingBasic |
| Namespace Prefix: |
us-gaap_ |
| Data Type: |
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| Balance Type: |
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| Period Type: |
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|
|
