NTIC: the balance sheet

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For the year ending 2025-08-31, NTIC has $102,745,280 in assets. $7,250,523 in cash and cash equivalents.

Unit: Dollar

Balance Sheets	2025-08-31
Cash and cash equivalents	7,250,523
Trade, less allowance for credit losses of 235,000 and 310,000 as of august 31, 2025 and 2024	18,443,230
Fees for services provided to joint ventures	1,077,552
Income taxes	340,002
Inventories, net	15,525,230
Prepaid expenses	1,706,279
Total current assets	44,342,816
Property and equipment, net	15,183,918
Investments in joint ventures	28,611,777
Deferred income tax, net	503,575
Intangible assets, net-Intangible Assets Excluding Patents And Trademarks	8,827,768
Goodwill	4,782,376
Operating lease right of use assets	493,050
Total other assets	43,218,546
Total assets	102,745,280

Line of credit	9,329,021
Term loan, current portion	2,860,256
Accounts payable	8,044,196
Income taxes payable	414,304
Payroll and related benefits	1,844,817
Other	1,066,761
Current portion of operating leases	344,739
Total current liabilities	23,904,094
Deferred income tax, net	1,513,166
Term loans, noncurrent portion	466,984
Operating leases, less current portion	148,311
Total long-term liabilities	2,128,461
Preferred stock, no par value authorized 10,000 shares none issued and outstanding	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
Additional paid-in capital	25,056,976
Retained earnings	52,273,469
Accumulated other comprehensive loss	-5,371,201
Stockholders equity	72,148,754
Non-controlling interests	4,563,971
Total equity	76,712,725
Total liabilities and equity	102,745,280