10-Q Filing

JEWETT CAMERON TRADING CO LTD CIK: 885307 Q1 2022

Filing Information

Form Type	10-Q
Accession Number	`0001052918-22-000006`
Period End Date	20211130
Filing Date	20220114
Fiscal Year	2022
Fiscal Period	Q1
XBRL Instance	jctcf-20211130.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 56 Income Statement 36 Cash Flow Statement 40 Stockholders Equity 14

Balance Sheet 56 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`	$250.00K	USD	Point-in-time
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	21.57M	shares	Point-in-time
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	21.57M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.24M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.80M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.18M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.84M	USD	Point-in-time
Accounts receivable, net of allowance of $0 (August 31, 2021 - $0)	`AccountsReceivableNetCurrent`	$7.09M	USD	Point-in-time
Accounts receivable, net of allowance of $0 (August 31, 2021 - $0)	`AccountsReceivableNetCurrent`	$5.81M	USD	Point-in-time
Common Stock, No Par Value	`CommonStockNoParValue`	-	USD	Point-in-time
Common Stock, No Par Value	`CommonStockNoParValue`	-	USD	Point-in-time
Inventory, net of allowance of $250,000 (August 31, 2021 - $250,000) (note 3)	`InventoryNet`	$14.39M	USD	Point-in-time
Inventory, net of allowance of $250,000 (August 31, 2021 - $250,000) (note 3)	`InventoryNet`	$17.22M	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
Prepaid expenses	`PrepaidExpenseCurrent`	$2.31M	USD	Point-in-time
Preferred Stock, No Par Value	`PreferredStockNoParValue`	-	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$2.27M	USD	Point-in-time
Preferred Stock, No Par Value	`PreferredStockNoParValue`	-	USD	Point-in-time
Prepaid income taxes	`PrepaidTaxes`	$355.16K	USD	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	3.49M	shares	Point-in-time
Prepaid income taxes	`PrepaidTaxes`	$252.96K	USD	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	3.49M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$25.22M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$26.89M	USD	Point-in-time
Property, plant and equipment, net (note 4)	`PropertyPlantAndEquipmentNet`	$4.41M	USD	Point-in-time
Property, plant and equipment, net (note 4)	`PropertyPlantAndEquipmentNet`	$3.89M	USD	Point-in-time
Intangible assets, net (note 5)	`IntangibleAssetsNetExcludingGoodwill`	$30.90K	USD	Point-in-time
Intangible assets, net (note 5)	`IntangibleAssetsNetExcludingGoodwill`	$30.63K	USD	Point-in-time
Total assets	`Assets`	$29.14M	USD	Point-in-time
Total assets	`Assets`	$31.33M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.35M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$2.08M	USD	Point-in-time
Bank indebtedness (note 7)	`NotesPayable`	$5.00M	USD	Point-in-time
Bank indebtedness (note 7)	`NotesPayable`	$3.00M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$1.59M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$1.80M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$8.68M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$6.15M	USD	Point-in-time
Deferred tax liability (note 6)	`DeferredTaxLiabilities`	$125.83K	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`	$8.81M	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 3,492,842 common shares (August 31, 2021 -3,489,161)	`CommonStockValue`	$823.17K	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 3,492,842 common shares (August 31, 2021 -3,489,161)	`CommonStockValue`	$824.04K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$725.73K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$687.21K	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$20.97M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$21.36M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$22.87M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$22.52M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$31.33M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$29.14M	USD	Point-in-time

Income Statement 36 line items

Line Item	Tag	Value	Unit	Period
SALES	`Revenues`	$12.92M	USD	1 Quarter
SALES	`Revenues`	$10.32M	USD	1 Quarter
COST OF SALES	`CostOfRevenue`	$10.45M	USD	1 Quarter
COST OF SALES	`CostOfRevenue`	$7.35M	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$2.46M	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$2.96M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$988.29K	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$694.63K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$69.64K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$50.53K	USD	1 Quarter
Wages and employee benefits	`SalariesAndWages`	$1.87M	USD	1 Quarter
Wages and employee benefits	`SalariesAndWages`	$1.59M	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$2.93M	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$2.34M	USD	1 Quarter
(Loss) income from operations	`IncomeLossFromContinuingOperations`	$623.78K	USD	1 Quarter
(Loss) income from operations	`IncomeLossFromContinuingOperations`	$-467.18K	USD	1 Quarter
Interest and other income	`InterestAndOtherIncome1`	$20.28K	USD	1 Quarter
Interest and other income	`InterestAndOtherIncome1`	-	USD	1 Quarter
Total other items	`OtherNonoperatingIncomeExpense`	$-17.28K	USD	1 Quarter
Total other items	`OtherNonoperatingIncomeExpense`	$3.00K	USD	1 Quarter
Other income	`OtherIncome`	$3.00K	USD	1 Quarter
Other income	`OtherIncome`	$3.00K	USD	1 Quarter
(Loss) income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$626.78K	USD	1 Quarter
(Loss) income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-484.46K	USD	1 Quarter
Income tax recovery (expense)	`IncomeTaxExpenseBenefit`	$93.32K	USD	1 Quarter
Income tax recovery (expense)	`IncomeTaxExpenseBenefit`	$-138.26K	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$488.53K	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$-391.14K	USD	1 Quarter
Basic (loss) earnings per common share	`EarningsPerShareBasic`	$0.14	USD	1 Quarter
Basic (loss) earnings per common share	`EarningsPerShareBasic`	$-0.11	USD	1 Quarter
Diluted (loss) earnings per common share	`EarningsPerShareDiluted`	$0.14	USD	1 Quarter
Diluted (loss) earnings per common share	`EarningsPerShareDiluted`	$-0.11	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	3.48M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	3.49M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	3.49M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	3.48M	shares	1 Quarter

Cash Flow Statement 40 line items

Line Item	Tag	Value	Unit	Period
Net (loss) income	`NetIncomeLoss`	$488.53K	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$-391.14K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$69.64K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$50.53K	USD	1 Quarter
Stock-based compensation expense	`StockIssuedDuringPeriodValueShareBasedCompensation`	-	USD	1 Quarter
Stock-based compensation expense	`StockIssuedDuringPeriodValueShareBasedCompensation`	$-39.39K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-40.78K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$8.89K	USD	1 Quarter
Decrease in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-2.03M	USD	1 Quarter
Decrease in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-1.28M	USD	1 Quarter
(Increase) in inventory	`IncreaseDecreaseInInventories`	$223.01K	USD	1 Quarter
(Increase) in inventory	`IncreaseDecreaseInInventories`	$2.83M	USD	1 Quarter
Decrease in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-38.48K	USD	1 Quarter
Decrease in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-196.25K	USD	1 Quarter
Increase (decrease) in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-454.86K	USD	1 Quarter
Increase (decrease) in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$531.51K	USD	1 Quarter
(Increase) in prepaid income taxes	`IncreaseDecreaseInPrepaidTaxes`	$102.20K	USD	1 Quarter
(Increase) in prepaid income taxes	`IncreaseDecreaseInPrepaidTaxes`	-	USD	1 Quarter
Increase in income taxes payable	`IncreaseDecreaseInIncomeTaxes`	$179.04K	USD	1 Quarter
Increase in income taxes payable	`IncreaseDecreaseInIncomeTaxes`	-	USD	1 Quarter
Net cash (used by) provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$2.22M	USD	1 Quarter
Net cash (used by) provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.36M	USD	1 Quarter
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$184.25K	USD	1 Quarter
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$590.38K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-590.38K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-184.25K	USD	1 Quarter
Proceeds from bank indebtedness	`ProceedsFromBankDebt`	$2.00M	USD	1 Quarter
Proceeds from bank indebtedness	`ProceedsFromBankDebt`	-	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$2.00M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	-	USD	1 Quarter
Net increase in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$2.04M	USD	1 Quarter
Net increase in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$51.13K	USD	1 Quarter
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.24M	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$3.80M	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.18M	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$5.84M	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.24M	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$3.80M	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.18M	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$5.84M	USD	Point-in-time

Stockholders Equity 14 line items

Line Item	Tag	Value	Unit	Period
Equity Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$22.52M	USD	Point-in-time
Equity Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$22.87M	USD	Point-in-time
Equity Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$19.35M	USD	Point-in-time
Equity Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$19.84M	USD	Point-in-time
Equity Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$22.52M	USD	Point-in-time
Equity Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$22.87M	USD	Point-in-time
Equity Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$19.35M	USD	Point-in-time
Equity Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$19.84M	USD	Point-in-time
Shares repurchased and cancelled	`StockRepurchasedAndRetiredDuringPeriodValue`	$39.39K	USD	1 Quarter
Shares repurchased and cancelled	`StockRepurchasedAndRetiredDuringPeriodValue`	$70.39K	USD	1 Quarter
Net (loss) income	`ProfitLoss`	$2.97M	USD	3 Qtrs
Net (loss) income	`ProfitLoss`	$488.53K	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$488.53K	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$-391.14K	USD	1 Quarter

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