Northern technologies international corporation (NTIC)
Balance Sheet / TTM
Feb'20Nov'19Aug'19May'19Feb'19Nov'18Aug'18May'18Feb'18Nov'17Aug'17May'17Feb'17Nov'16Aug'16May'16Feb'16Nov'15Aug'15May'15Feb'15Nov'14Aug'14May'14Feb'14Nov'13Aug'13May'13Feb'13Nov'12Aug'12May'12Feb'12Nov'11Aug'11
CURRENT ASSETS:
Cash and cash equivalents

-

-

-

-

4,936

4,518

-

4,610

5,067

4,627

6,360

3,500

3,048

2,529

3,395

4,626

2,531

3,072

2,623

-

-

-

2,477

-

-

-

-

-

-

-

-

-

-

-

-

Cash and cash equivalents

5,626

4,106

5,856

5,224

-

-

4,163

-

-

-

-

-

-

-

-

-

-

-

-

3,793

3,365

2,598

-

8,549

6,996

3,907

4,314

3,176

4,261

6,819

4,137

4,465

3,335

3,407

3,266

Available for sale securities

6,512

2,987

3,565

2,540

1,227

1,711

3,300

3,282

3,268

3,770

3,766

3,756

748

1,745

2,243

2,239

2,733

528

2,027

2,527

3,524

4,024

5,519

-

-

-

-

-

-

-

-

-

-

-

-

Receivables:
Trade excluding joint ventures, less allowance for doubtful accounts of $65,000 at February 29, 2020 and August 31, 2019

9,810

10,360

9,779

10,068

9,329

10,255

9,920

8,692

8,310

7,251

5,912

6,190

5,916

5,454

4,755

4,573

4,139

3,637

4,027

4,293

3,623

3,350

3,596

3,265

3,260

3,627

3,329

2,801

2,752

2,684

2,516

2,726

2,746

2,846

2,515

Trade joint ventures

539

641

824

935

679

579

761

597

447

520

691

1,295

462

700

791

718

764

599

645

626

784

552

951

768

536

746

859

1,120

982

942

734

1,108

1,465

1,005

1,149

Fees for services provided to joint ventures

1,195

1,365

1,268

1,242

1,338

1,272

1,357

1,352

1,365

1,310

1,302

1,224

1,242

1,422

1,406

1,351

1,206

1,496

1,449

1,354

1,484

2,769

2,612

2,833

2,816

2,820

2,446

2,459

2,437

2,328

1,316

1,930

1,965

2,168

2,129

Income taxes

56

68

457

628

515

379

273

369

309

0

137

375

240

120

215

510

541

323

198

178

275

139

0

307

356

93

144

174

109

253

58

-

-

-

0

Inventories

11,424

11,259

10,488

10,619

11,304

10,217

9,130

9,174

9,126

7,969

7,456

7,879

8,052

7,388

7,711

7,411

7,300

7,628

7,468

6,732

5,981

5,640

5,961

5,535

5,370

5,429

5,111

5,216

5,153

4,989

4,151

-

-

-

3,842

Inventories

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,884

3,936

3,967

-

Prepaid expenses

949

1,170

1,062

1,105

1,457

1,423

1,661

1,081

1,024

760

439

421

614

640

422

489

586

573

411

527

551

755

411

551

582

552

258

352

640

698

548

897

786

711

364

Deferred income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

789

789

789

-

-

-

-

-

-

-

-

-

-

-

-

-

Total current assets

36,114

31,959

33,302

32,365

30,788

30,358

30,567

29,161

28,918

26,210

26,067

24,644

20,326

20,001

20,942

22,345

20,226

18,283

19,275

20,823

20,380

20,620

22,319

22,280

20,386

17,644

16,932

15,896

16,933

19,312

14,059

15,234

14,458

14,328

13,490

PROPERTY AND EQUIPMENT, NET

7,227

7,346

7,358

7,293

7,229

7,059

7,168

7,233

7,155

7,235

7,359

7,451

7,485

7,183

7,275

7,298

7,310

7,394

7,293

7,136

7,091

6,803

6,477

5,422

5,431

5,372

5,323

5,126

4,182

4,238

4,288

3,753

3,544

3,589

3,636

OPERATING LEASE RIGHT OF USE ASSET

-

598

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

OTHER ASSETS:
Investments in joint ventures

21,297

25,402

24,207

24,077

24,418

23,111

22,950

22,412

22,259

21,701

20,035

18,903

21,059

20,052

19,840

18,604

17,952

20,369

20,544

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income taxes

1,694

-

1,634

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income taxes

-

-

-

-

-

-

-

1,056

1,056

1,756

1,756

1,614

1,614

1,614

1,639

424

424

424

424

-

-

-

789

1,034

1,034

1,034

1,034

1,030

1,030

596

1,030

221

221

221

221

Investments at carrying value (Note 7)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,883

1,883

1,883

1,883

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Investments in joint ventures

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

19,644

18,377

23,302

22,961

22,103

22,653

26,628

24,702

23,320

22,189

21,435

21,461

19,568

18,900

18,763

20,559

Investments at carrying value (Note 8)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,883

1,883

-

0

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income taxes

-

1,646

-

1,371

1,420

1,525

1,551

-

-

-

-

-

-

-

-

1,175

1,175

1,175

1,176

-

-

-

943

467

467

467

467

596

596

1,030

596

1,410

1,410

1,410

1,410

Investments at carrying value (Note 6)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,883

1,883

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

970

943

943

-

-

-

-

-

-

-

-

-

-

-

-

-

Patents and trademarks, net

930

972

1,008

1,048

1,084

1,109

1,156

1,196

1,241

1,291

1,322

1,314

1,305

1,307

1,278

1,264

1,230

1,245

1,262

1,270

1,260

1,228

1,197

1,184

1,138

1,097

1,060

1,061

1,027

1,012

961

914

910

909

903

Operating lease right of use asset

520

-

-

-

153

153

153

153

0

0

71

71

0

49

92

199

218

240

130

141

167

150

156

163

177

-

-

76

76

76

76

45

43

41

39

Total other assets

24,442

28,022

26,850

26,497

27,077

25,901

25,812

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total other assets

-

-

-

-

-

-

-

24,819

24,557

24,749

23,185

21,903

23,978

23,023

22,852

23,127

22,461

24,914

24,996

23,911

22,632

25,624

25,259

24,485

25,003

28,760

26,797

25,488

24,323

23,554

23,529

21,940

21,265

21,124

22,912

Total assets

67,784

67,927

67,511

66,155

65,095

63,319

63,549

61,213

60,632

58,195

56,612

53,999

51,789

50,209

51,070

52,771

49,998

50,592

51,565

51,871

50,104

53,048

54,057

52,188

50,821

51,778

49,053

46,511

45,439

47,105

41,877

40,927

39,268

39,042

40,039

CURRENT LIABILITIES:
Current portion of note payable (Note 8)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

76

76

76

77

76

76

76

76

76

76

Accounts payable

4,373

4,118

4,505

4,458

4,307

4,038

3,905

3,316

4,266

3,797

2,676

3,558

3,565

2,959

2,753

2,769

1,866

2,324

2,101

2,117

1,543

2,139

2,225

1,630

1,261

2,381

1,830

1,267

1,254

1,810

1,818

1,464

1,104

1,496

2,032

Income taxes payable

3

60

6

0

8

139

70

112

342

15

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

292

130

160

195

Accrued liabilities:
Payroll and related benefits

1,259

1,130

1,857

1,357

1,137

965

2,747

1,804

1,437

955

1,540

984

708

637

938

819

475

768

1,056

1,038

554

1,032

1,847

1,592

1,027

1,676

1,277

1,055

623

1,699

1,565

1,487

846

710

1,629

Deferred joint venture royalties

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

288

288

288

-

288

288

288

288

288

288

288

288

288

288

288

288

Other

835

1,101

1,471

856

1,154

1,048

1,006

1,115

677

1,058

677

247

687

521

301

364

402

433

514

81

154

102

394

298

118

-

189

72

100

131

251

258

141

237

182

Current portion of operating lease

211

295

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total current liabilities

6,683

6,706

7,841

6,673

6,608

6,192

7,730

6,348

6,724

5,827

4,894

4,790

4,961

4,118

3,994

3,953

2,745

3,527

3,671

3,525

2,540

3,563

4,466

3,809

2,695

4,422

3,662

2,760

2,343

4,005

3,999

3,866

2,587

2,968

4,404

LONG-TERM LIABILITIES:
Operating lease, less current portion

309

302

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total long-term liabilities

309

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

NOTE PAYABLE, NET OF CURRENT PORTION (Note 8)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

838

857

876

894

914

933

952

971

990

1,009

COMMITMENTS AND CONTINGENCIES (Note 12)

-

-

-

-

-

-

-

0

0

0

0

0

0

0

0

-

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

EQUITY:
Preferred stock, no par value; authorized 10,000 shares; none issued and outstanding

-

-

-

-

-

-

-

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

-

-

0

0

0

0

-

Common stock, $0.02 par value per share; authorized 15,000,000 shares as of February 29, 2020 and August 31, 2019; issued and outstanding 9,097,236 and 9,086,816, respectively

181

181

181

181

90

90

181

90

90

90

90

90

90

90

90

90

90

90

90

90

90

90

90

89

88

88

88

88

88

88

88

88

87

87

87

Additional paid-in capital

16,707

16,367

16,013

15,655

15,353

14,995

14,528

14,516

14,397

14,294

14,163

13,983

13,879

13,857

13,798

13,738

13,629

13,550

13,441

13,211

13,059

12,942

12,676

12,394

11,967

11,858

11,701

11,557

11,399

11,305

11,130

11,039

10,935

10,847

10,137

Retained earnings

45,202

45,614

44,992

44,708

43,771

42,915

41,963

40,275

38,586

37,706

37,077

35,692

34,339

33,952

33,655

35,098

34,180

34,288

34,522

34,518

33,612

33,741

32,733

31,490

30,510

29,485

28,626

27,011

26,084

25,649

25,260

24,830

23,376

22,770

21,811

Accumulated other comprehensive loss

-4,602

-4,490

-4,593

-4,206

-3,742

-3,918

-3,597

-3,058

-2,070

-2,518

-2,471

-3,251

-4,015

-4,211

-3,009

-3,239

-3,653

-4,049

-3,180

-3,125

-2,719

-951

253

812

933

824

316

334

618

664

277

-65

1,250

1,318

2,496

Stockholders’ equity

57,489

57,673

56,594

56,339

55,473

54,083

53,076

51,823

51,004

49,573

48,860

46,514

44,294

43,689

44,534

45,687

44,247

43,880

44,874

44,695

44,043

45,823

45,753

44,788

43,500

42,257

40,733

38,991

38,190

37,708

36,756

35,892

35,650

35,024

34,533

Non-controlling interests

3,302

3,244

3,074

3,142

3,013

3,043

2,742

3,040

2,903

2,794

2,857

2,694

2,534

2,401

2,540

3,130

3,005

3,184

3,019

3,649

3,519

3,661

3,837

3,590

4,626

4,259

3,800

3,883

4,010

4,476

187

215

58

58

91

Total equity

60,791

60,918

59,669

59,482

58,486

57,127

55,819

54,864

53,907

52,367

51,718

49,209

46,828

46,090

47,075

48,818

47,253

47,065

47,893

48,345

47,563

49,484

49,591

48,379

48,126

46,517

44,534

42,874

42,201

42,185

36,944

36,108

35,709

35,083

34,625

Total liabilities and equity

67,784

67,927

67,511

66,155

65,095

63,319

63,549

61,213

60,632

58,195

56,612

53,999

51,789

50,209

51,070

52,771

49,998

50,592

51,565

51,871

50,104

53,048

54,057

52,188

50,821

51,778

49,053

46,511

45,439

47,105

41,877

40,927

39,268

39,042

40,039