10-K Filing

JEWETT CAMERON TRADING CO LTD CIK: 885307 FY 2021

Filing Information

Form Type	10-K
Accession Number	`0001052918-21-000395`
Period End Date	20210831
Filing Date	20211129
Fiscal Year	2021
Fiscal Period	FY
XBRL Instance	jctcf-20210831_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 61 Income Statement 40 Cash Flow Statement 53 Stockholders Equity 12

Balance Sheet 61 line items

Line Item	Tag	Value	Unit	Period
Accounts Receivable, Allowance for Credit Loss	`AllowanceForDoubtfulAccountsReceivable`	-	USD	Point-in-time
Accounts Receivable, Allowance for Credit Loss	`AllowanceForDoubtfulAccountsReceivable`	-	USD	Point-in-time
Inventory, Net of Allowances, Customer Advances and Progress Billings	`InventoryNetOfAllowancesCustomerAdvancesAndProgressBillings`	$250.00K	USD	Point-in-time
Inventory, Net of Allowances, Customer Advances and Progress Billings	`InventoryNetOfAllowancesCustomerAdvancesAndProgressBillings`	$65.00K	USD	Point-in-time
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	21.57M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.18M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$9.65M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.80M	USD	Point-in-time
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	21.57M	shares	Point-in-time
Accounts receivable, net of allowance of $0 (August 31, 2020 - $0)	`AccountsReceivableNetCurrent`	$6.27M	USD	Point-in-time
Common Stock, No Par Value	`CommonStockNoParValue`	-	USD	Point-in-time
Accounts receivable, net of allowance of $0 (August 31, 2020 - $0)	`AccountsReceivableNetCurrent`	$7.09M	USD	Point-in-time
Common Stock, No Par Value	`CommonStockNoParValue`	-	USD	Point-in-time
Inventory, net of allowance of $250,000 (August 31, 2020 - $65,000) (note 3)	`InventoryNet`	$14.39M	USD	Point-in-time
Preferred Stock, Shares Authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Preferred Stock, Shares Authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Inventory, net of allowance of $250,000 (August 31, 2020 - $65,000) (note 3)	`InventoryNet`	$9.20M	USD	Point-in-time
Preferred Stock, No Par Value	`PreferredStockNoParValue`	-	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$1.04M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$2.31M	USD	Point-in-time
Preferred Stock, No Par Value	`PreferredStockNoParValue`	-	USD	Point-in-time
Prepaid income taxes	`PrepaidTaxes`	-	USD	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	3.48M	shares	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	3.49M	shares	Point-in-time
Prepaid income taxes	`PrepaidTaxes`	$252.96K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$20.31M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$25.22M	USD	Point-in-time
Property, plant and equipment, net (note 4)	`PropertyPlantAndEquipmentNet`	$3.89M	USD	Point-in-time
Property, plant and equipment, net (note 4)	`PropertyPlantAndEquipmentNet`	$2.97M	USD	Point-in-time
Intangible assets, net (note 5)	`IntangibleAssetsNetExcludingGoodwill`	$659.00	USD	Point-in-time
Intangible assets, net (note 5)	`IntangibleAssetsNetExcludingGoodwill`	$30.90K	USD	Point-in-time
Total assets	`Assets`	$23.28M	USD	Point-in-time
Total assets	`Assets`	$29.14M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.35M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.10M	USD	Point-in-time
Bank indebtedness (note 7)	`NotesPayable`	-	USD	Point-in-time
Bank indebtedness (note 7)	`NotesPayable`	$3.00M	USD	Point-in-time
Current portion of notes payable (note 8)	`NotesPayableToBankCurrent`	$342.33K	USD	Point-in-time
Current portion of notes payable (note 8)	`NotesPayableToBankCurrent`	-	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$40.60K	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	-	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$2.02M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$1.80M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$3.49M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$6.15M	USD	Point-in-time
Notes payable (note 8)	`NotesPayableToBankNoncurrent`	$338.38K	USD	Point-in-time
Notes payable (note 8)	`NotesPayableToBankNoncurrent`	-	USD	Point-in-time
Deferred tax liability (note 6)	`DeferredTaxLiabilities`	$96.95K	USD	Point-in-time
Deferred tax liability (note 6)	`DeferredTaxLiabilities`	$116.94K	USD	Point-in-time
Total liabilities	`Liabilities`	$6.26M	USD	Point-in-time
Total liabilities	`Liabilities`	$3.93M	USD	Point-in-time
Capital stock (note 9, 10) Authorized 21,567,564 common shares, no par value 10,000,000 preferred shares, no par value Issued 3,489,161 common shares (August 31, 2020 - 3,481,162)	`CommonStockValue`	$821.28K	USD	Point-in-time
Capital stock (note 9, 10) Authorized 21,567,564 common shares, no par value 10,000,000 preferred shares, no par value Issued 3,489,161 common shares (August 31, 2020 - 3,481,162)	`CommonStockValue`	$823.17K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$618.71K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$687.21K	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$21.36M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$17.91M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$22.87M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$19.35M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$29.14M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$23.28M	USD	Point-in-time

Income Statement 40 line items

Line Item	Tag	Value	Unit	Period
SALES	`Revenues`	$57.50M	USD	Annual
SALES	`Revenues`	$44.95M	USD	Annual
COST OF SALES	`CostOfRevenue`	$32.47M	USD	Annual
COST OF SALES	`CostOfRevenue`	$43.35M	USD	Annual
GROSS PROFIT	`GrossProfit`	$12.47M	USD	Annual
GROSS PROFIT	`GrossProfit`	$14.15M	USD	Annual
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$3.20M	USD	Annual
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$2.50M	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$217.71K	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$244.28K	USD	Annual
Wages and employee benefits	`SalariesAndWages`	$5.89M	USD	Annual
Wages and employee benefits	`SalariesAndWages`	$6.96M	USD	Annual
Operating Expenses	`OperatingExpenses`	$10.41M	USD	Annual
Operating Expenses	`OperatingExpenses`	$8.62M	USD	Annual
Income from operations	`IncomeLossFromContinuingOperations`	$3.86M	USD	Annual
Income from operations	`IncomeLossFromContinuingOperations`	$3.74M	USD	Annual
Gain on sale of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	-	USD	Annual
Gain on sale of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$6.60K	USD	Annual
Gain on extinguishment of debt (Note 8)	`GainsLossesOnExtinguishmentOfDebt`	-	USD	Annual
Gain on extinguishment of debt (Note 8)	`GainsLossesOnExtinguishmentOfDebt`	$687.39K	USD	Annual
Interest and other income	`InterestAndOtherIncome1`	$24.42K	USD	Annual
Interest and other income	`InterestAndOtherIncome1`	$-2.87K	USD	Annual
Other Income	`OtherIncome`	$684.52K	USD	Annual
Other Income	`OtherIncome`	$31.02K	USD	Annual
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$3.89M	USD	Annual
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$4.42M	USD	Annual
Current	`IncomeTaxExpenseBenefit`	$949.26K	USD	Annual
Current	`IncomeTaxExpenseBenefit`	$1.07M	USD	Annual
Deferred (recovery)	`DeferredIncomeTaxExpenseBenefit`	$35.75K	USD	Annual
Deferred (recovery)	`DeferredIncomeTaxExpenseBenefit`	$19.99K	USD	Annual
Net income for the year	`NetIncomeLoss`	$3.45M	USD	Annual
Net income for the year	`NetIncomeLoss`	$2.78M	USD	Annual
Basic earnings per common share	`EarningsPerShareBasic`	$0.77	USD	Annual
Basic earnings per common share	`EarningsPerShareBasic`	$0.99	USD	Annual
Diluted earnings per common share	`EarningsPerShareDiluted`	$0.77	USD	Annual
Diluted earnings per common share	`EarningsPerShareDiluted`	$0.99	USD	Annual
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	3.62M	shares	Annual
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	3.49M	shares	Annual
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	3.49M	shares	Annual
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	3.62M	shares	Annual

Cash Flow Statement 53 line items

Line Item	Tag	Value	Unit	Period
Net income for the year	`NetIncomeLoss`	$3.45M	USD	Annual
Net income for the year	`NetIncomeLoss`	$2.78M	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$217.71K	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$244.28K	USD	Annual
Stock-based compensation expense	`StockIssuedDuringPeriodValueShareBasedCompensation`	$-70.39K	USD	Annual
Stock-based compensation expense	`StockIssuedDuringPeriodValueShareBasedCompensation`	-	USD	Annual
(Gain) on sale of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	-	USD	Annual
(Gain) on sale of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$6.60K	USD	Annual
Gain on debt extinguishment	`GainOnDebtExtinguishment`	$680.71K	USD	Point-in-time
Gain on debt extinguishment	`GainOnDebtExtinguishment`	$680.71K	USD	Annual
Gain on debt extinguishment	`GainOnDebtExtinguishment`	-	USD	Annual
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$35.75K	USD	Annual
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$19.99K	USD	Annual
(Increase) in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$812.08K	USD	Annual
(Increase) in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$3.44M	USD	Annual
Decrease in note receivable	`IncreaseDecreaseInNotesReceivables`	$-1.20K	USD	Annual
Decrease in note receivable	`IncreaseDecreaseInNotesReceivables`	-	USD	Annual
(Increase) in inventory	`IncreaseDecreaseInInventories`	$5.19M	USD	Annual
(Increase) in inventory	`IncreaseDecreaseInInventories`	$2.82M	USD	Annual
(Increase) in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$1.27M	USD	Annual
(Increase) in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$642.59K	USD	Annual
(Increase) decrease in prepaid income taxes	`IncreaseDecreaseInPrepaidTaxes`	$252.96K	USD	Annual
(Increase) decrease in prepaid income taxes	`IncreaseDecreaseInPrepaidTaxes`	$-223.42K	USD	Annual
Increase in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$36.40K	USD	Annual
Increase in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$1.39M	USD	Annual
(Decrease) increase in income taxes payable	`IncreaseDecreaseInIncomeTaxes`	$40.60K	USD	Annual
(Decrease) increase in income taxes payable	`IncreaseDecreaseInIncomeTaxes`	$-40.60K	USD	Annual
Net cash (used by) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-4.42M	USD	Annual
Net cash (used by) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-2.22M	USD	Annual
Proceeds on sale of property, plant and equipment	`ProceedsFromSaleOfMachineryAndEquipment`	$400.00	USD	Annual
Proceeds on sale of property, plant and equipment	`ProceedsFromSaleOfMachineryAndEquipment`	-	USD	Annual
Increase in intangible assets	`FiniteLivedIntangibleAssetsPeriodIncreaseDecrease`	-	USD	Annual
Increase in intangible assets	`FiniteLivedIntangibleAssetsPeriodIncreaseDecrease`	$-30.75K	USD	Annual
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$449.28K	USD	Annual
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.16M	USD	Annual
Net cash (used in) provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-448.88K	USD	Annual
Net cash (used in) provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.19M	USD	Annual
Proceeds from bank indebtedness	`ProceedsFromBankDebt`	-	USD	Annual
Proceeds from bank indebtedness	`ProceedsFromBankDebt`	$3.00M	USD	Annual
(Decrease) increase in notes payable	`ProceedsFromNotesPayable`	-	USD	Annual
(Decrease) increase in notes payable	`ProceedsFromNotesPayable`	$680.71K	USD	Annual
Redemption of common stock	`PaymentsForRepurchaseOfEquity`	-	USD	Annual
Redemption of common stock	`PaymentsForRepurchaseOfEquity`	$3.87M	USD	Annual
Net cash provided (used) in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$3.00M	USD	Annual
Net cash provided (used) in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-3.19M	USD	Annual
Net (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-5.85M	USD	Annual
Net (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-2.62M	USD	Annual
Cash, beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$1.18M	USD	Point-in-time
Cash, beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$9.65M	USD	Point-in-time
Cash, beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$3.80M	USD	Point-in-time
Cash, end of year	`CashAndCashEquivalentsAtCarryingValue`	$1.18M	USD	Point-in-time
Cash, end of year	`CashAndCashEquivalentsAtCarryingValue`	$9.65M	USD	Point-in-time
Cash, end of year	`CashAndCashEquivalentsAtCarryingValue`	$3.80M	USD	Point-in-time

Stockholders Equity 12 line items

Line Item	Tag	Value	Unit	Period
Equity Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$19.35M	USD	Point-in-time
Equity Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$20.43M	USD	Point-in-time
Equity Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$22.87M	USD	Point-in-time
Shares repurchased and cancelled	`StockRepurchasedAndRetiredDuringPeriodValue`	$-3.87M	USD	Annual
Shares repurchased and cancelled	`StockRepurchasedAndRetiredDuringPeriodShares`	490,120.00	shares	1 Quarter
Shares issued pursuant to compensation plans (note 11)	`StockIssuedDuringPeriodValueIssuedForServices`	$70.39K	USD	Annual
Shares issued pursuant to compensation plans (note 11)	`StockIssuedDuringPeriodSharesIssuedForServices`	7,999.00	shares	Annual
Net Income	`ProfitLoss`	$3.45M	USD	Annual
Net Income	`ProfitLoss`	$2.78M	USD	Annual
Equity Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$19.35M	USD	Point-in-time
Equity Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$20.43M	USD	Point-in-time
Equity Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$22.87M	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.