Consolidated Balance Sheets - USD ($)	Aug. 31, 2025	Aug. 31, 2024
CURRENT ASSETS:
Cash and cash equivalents	$ 7,250,523	$ 4,952,184
Receivables:
Trade, less allowance for credit losses of $235,000 and $310,000 as of August 31, 2025 and 2024	18,443,230	19,187,079
Fees for services provided to joint ventures	1,077,552	1,235,016
Income taxes	340,002	392,293
Inventories, net	15,525,230	14,390,844
Prepaid expenses	1,706,279	1,421,803
Total current assets	44,342,816	41,579,219
PROPERTY AND EQUIPMENT, NET	15,183,918	16,265,653
OTHER ASSETS:
Investments in joint ventures	28,611,777	25,397,287
Deferred income tax, net	503,575	544,464
Intangible assets, net	8,827,768	5,682,945
Goodwill	4,782,376	4,782,376
Operating lease right of use assets	493,050	424,558
Total other assets	43,218,546	36,831,630
Total assets	102,745,280	94,676,502
CURRENT LIABILITIES:
Line of credit	9,329,021	4,291,608
Term loan, current portion	2,860,256	2,820,835
Accounts payable	8,044,196	6,393,355
Income taxes payable	414,304	327,781
Payroll and related benefits	1,844,817	3,163,372
Other	1,066,761	574,876
Current portion of operating leases	344,739	325,116
Total current liabilities	23,904,094	17,896,943
LONG-TERM LIABILITIES:
Deferred income tax, net	1,513,166	1,504,796
Term loans, noncurrent portion	466,984	0
Operating leases, less current portion	148,311	99,442
Total long-term liabilities	2,128,461	1,604,238
Commitments and Contingencies
EQUITY:
Preferred stock, no par value; authorized 10,000 shares; none issued and outstanding	0	0
Common stock, $0.02 par value per share; authorized 15,000,000 shares; issued and outstanding 9,475,490 and 9,466,976, as of August 31, 2025 and 2024, respectively	189,510	189,340
Additional paid-in capital	25,056,976	23,615,564
Retained earnings	52,273,469	53,771,211
Accumulated other comprehensive loss	(5,371,201)	(6,382,124)
Stockholders’ equity	72,148,754	71,193,991
Non-controlling interests	4,563,971	3,981,330
Total equity	76,712,725	75,175,321
Total liabilities and equity	102,745,280	94,676,502
Intangible Assets Excluding Patents and Trademarks [Member]
OTHER ASSETS:
Intangible assets, net	$ 8,827,768	$ 5,682,945

NORTHERN TECHNOLOGIES INTERNATIONAL CORP 10-K