NTI » Topics » Interest Expense

This excerpt taken from the NTI 10-Q filed Apr 14, 2009.
Interest Expense.  NTIC’s interest expense increased slightly to $42,440 and $74,338 during the three and six months ended February 28, 2009, respectively, compared to $40,952 and $72,115 for the same respective periods in fiscal 2008 due to higher average outstanding debt levels during the most recent periods.

 

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This excerpt taken from the NTI 10-Q filed Jan 14, 2009.
Interest Expense.  NTIC’s interest expense increased slightly to $31,898 during the three months ended November 30, 2008 compared to $31,523 for the same period in fiscal 2008 due to higher average outstanding debt during the most recent period.

 

These excerpts taken from the NTI 10-K filed Nov 25, 2008.
Interest Expense.  NTIC’s interest expense increased to $164,372 in fiscal 2007 compared to $94,751 for fiscal 2006 as a result of higher average outstanding borrowings under NTIC’s revolving line of credit in fiscal 2007 compared to fiscal 2006 and the entering into of the term note in May 2006 in connection with NTIC’s purchase of the real estate and building for its new corporate headquarters.

 

Interest Expense.  NTIC’s interest expense increased to $164,372
in fiscal 2007 compared to $94,751 for fiscal 2006 as a result of higher
average outstanding borrowings under NTIC’s revolving line of credit in fiscal
2007 compared to fiscal 2006 and the entering into of the term note in May 2006
in connection with NTIC’s purchase of the real estate and building for its new
corporate headquarters.



 



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