10-Q Filing

JEWETT CAMERON TRADING CO LTD CIK: 885307 Q3 2023

Filing Information

Form Type	10-Q
Accession Number	`0001079973-23-000950`
Period End Date	20230531
Filing Date	20230713
Fiscal Year	2023
Fiscal Period	Q3
XBRL Instance	jctc_10q-053123_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 56 Income Statement 72 Cash Flow Statement 46 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	`InventoryNetOfAllowancesCustomerAdvancesAndProgressBillings`	$800.00K	USD	Point-in-time
Inventory, net of allowances	`InventoryNetOfAllowancesCustomerAdvancesAndProgressBillings`	$449.71K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.72M	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`	$484.46K	USD	Point-in-time
Accounts receivable, net of allowance of $0 (August 31, 2022 - $0)	`AccountsReceivableNetCurrent`	$7.53M	USD	Point-in-time
Common Stock, No Par Value	`CommonStockNoParValue`	-	USD	Point-in-time
Accounts receivable, net of allowance of $0 (August 31, 2022 - $0)	`AccountsReceivableNetCurrent`	$7.19M	USD	Point-in-time
Common Stock, No Par Value	`CommonStockNoParValue`	-	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 $449,707 (August 31, 2022 - $800,000) (note 3)	`InventoryNet`	$20.63M	USD	Point-in-time
Inventory, net of allowance of $449,707 (August 31, 2022 - $800,000) (note 3)	`InventoryNet`	$20.53M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$1.11M	USD	Point-in-time
Preferred Stock, No Par Value	`PreferredStockNoParValue`	-	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$870.15K	USD	Point-in-time
Preferred Stock, No Par Value	`PreferredStockNoParValue`	-	USD	Point-in-time
Prepaid income taxes	`PrepaidIncomeTaxes`	-	USD	Point-in-time
Prepaid income taxes	`PrepaidIncomeTaxes`	$208.96K	USD	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	3.50M	shares	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	3.50M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$31.65M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$29.63M	USD	Point-in-time
Property, plant and equipment, net (note 4)	`PropertyPlantAndEquipmentNet`	$4.75M	USD	Point-in-time
Property, plant and equipment, net (note 4)	`PropertyPlantAndEquipmentNet`	$4.83M	USD	Point-in-time
Intangible assets, net (note 5)	`IntangibleAssetsNetExcludingGoodwill`	$33.36K	USD	Point-in-time
Intangible assets, net (note 5)	`IntangibleAssetsNetExcludingGoodwill`	$134.40K	USD	Point-in-time
Deferred tax assets (note 6)	`DeferredIncomeTaxAssetsNet`	$391.56K	USD	Point-in-time
Deferred tax assets (note 6)	`DeferredIncomeTaxAssetsNet`	$25.00K	USD	Point-in-time
Total assets	`Assets`	$36.92M	USD	Point-in-time
Total assets	`Assets`	$34.52M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.57M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$2.63M	USD	Point-in-time
Bank indebtedness (note 7)	`NotesPayable`	$7.00M	USD	Point-in-time
Bank indebtedness (note 7)	`NotesPayable`	$8.00M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$1.86M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$2.33M	USD	Point-in-time
Income taxes payable	`TaxesPayableCurrent`	$147.22K	USD	Point-in-time
Income taxes payable	`TaxesPayableCurrent`	-	USD	Point-in-time
Total liabilities	`Liabilities`	$10.42M	USD	Point-in-time
Total liabilities	`Liabilities`	$13.11M	USD	Point-in-time
Capital stock (note 8, 9) Authorized 21,567,564 common shares, no par value 10,000,000 preferred shares, no par value Issued 3,498,899 common shares (August 31, 2022 3,495,342)	`CommonStockValue`	$824.63K	USD	Point-in-time
Capital stock (note 8, 9) Authorized 21,567,564 common shares, no par value 10,000,000 preferred shares, no par value Issued 3,498,899 common shares (August 31, 2022 3,495,342)	`CommonStockValue`	$825.47K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$742.59K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$765.05K	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$22.53M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$22.22M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$23.81M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$24.09M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$24.29M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$22.87M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$34.52M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$36.92M	USD	Point-in-time

Income Statement 72 line items

Line Item	Tag	Value	Unit	Period
SALES	`Revenues`	$39.67M	USD	3 Qtrs
SALES	`Revenues`	$47.90M	USD	3 Qtrs
SALES	`Revenues`	$20.92M	USD	1 Quarter
SALES	`Revenues`	$18.95M	USD	1 Quarter
COST OF SALES	`CostOfRevenue`	$15.57M	USD	1 Quarter
COST OF SALES	`CostOfRevenue`	$36.66M	USD	3 Qtrs
COST OF SALES	`CostOfRevenue`	$30.47M	USD	3 Qtrs
COST OF SALES	`CostOfRevenue`	$14.53M	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$9.19M	USD	3 Qtrs
GROSS PROFIT	`GrossProfit`	$4.41M	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$11.24M	USD	3 Qtrs
GROSS PROFIT	`GrossProfit`	$5.35M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$961.57K	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$2.80M	USD	3 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$1.13M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$2.88M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$83.29K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$299.58K	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$237.00K	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$99.96K	USD	1 Quarter
Wages and employee benefits	`SalariesAndWages`	$2.12M	USD	1 Quarter
Wages and employee benefits	`SalariesAndWages`	$2.10M	USD	1 Quarter
Wages and employee benefits	`SalariesAndWages`	$5.96M	USD	3 Qtrs
Wages and employee benefits	`SalariesAndWages`	$5.98M	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$8.99M	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$3.16M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$3.33M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$9.16M	USD	3 Qtrs
Income from operations	`OperatingIncomeLoss`	$2.02M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$1.25M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$2.25M	USD	3 Qtrs
Income from operations	`OperatingIncomeLoss`	$34.14K	USD	3 Qtrs
Other income	`OtherIncome`	$903.00	USD	1 Quarter
Other income	`OtherIncome`	$-294.10K	USD	3 Qtrs
Other income	`OtherIncome`	-	USD	3 Qtrs
Other income	`OtherIncome`	-	USD	1 Quarter
Interest expense	`InterestExpense`	$98.87K	USD	3 Qtrs
Interest expense	`InterestExpense`	$353.99K	USD	3 Qtrs
Interest expense	`InterestExpense`	$152.91K	USD	1 Quarter
Interest expense	`InterestExpense`	$47.97K	USD	1 Quarter
Total other items	`OtherNonoperatingIncomeExpense`	$-47.07K	USD	1 Quarter
Total other items	`OtherNonoperatingIncomeExpense`	$-392.96K	USD	3 Qtrs
Total other items	`OtherNonoperatingIncomeExpense`	$-152.91K	USD	1 Quarter
Total other items	`OtherNonoperatingIncomeExpense`	$-353.99K	USD	3 Qtrs
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$1.86M	USD	3 Qtrs
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-319.85K	USD	3 Qtrs
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$1.97M	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$1.10M	USD	1 Quarter
Income tax expense (recovery)	`IncomeTaxExpenseBenefit`	$-9.00K	USD	3 Qtrs
Income tax expense (recovery)	`IncomeTaxExpenseBenefit`	$483.45K	USD	3 Qtrs
Income tax expense (recovery)	`IncomeTaxExpenseBenefit`	$478.46K	USD	1 Quarter
Income tax expense (recovery)	`IncomeTaxExpenseBenefit`	$363.16K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-310.85K	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$1.49M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$1.37M	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$734.95K	USD	1 Quarter
Basic earnings per common share	`EarningsPerShareBasic`	$0.43	USD	1 Quarter
Basic earnings per common share	`EarningsPerShareBasic`	$0.39	USD	3 Qtrs
Basic earnings per common share	`EarningsPerShareBasic`	$-0.09	USD	3 Qtrs
Basic earnings per common share	`EarningsPerShareBasic`	$0.21	USD	1 Quarter
Diluted earnings per common share	`EarningsPerShareDiluted`	$0.39	USD	3 Qtrs
Diluted earnings per common share	`EarningsPerShareDiluted`	$0.43	USD	1 Quarter
Diluted earnings per common share	`EarningsPerShareDiluted`	$-0.09	USD	3 Qtrs
Diluted earnings per common share	`EarningsPerShareDiluted`	$0.21	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	3.49M	shares	3 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	3.50M	shares	3 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	3.49M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	3.50M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	3.49M	shares	3 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	3.50M	shares	3 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	3.49M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	3.50M	shares	1 Quarter

Cash Flow Statement 46 line items

Line Item	Tag	Value	Unit	Period
Net (loss) income	`NetIncomeLoss`	$-310.85K	USD	3 Qtrs
Net (loss) income	`NetIncomeLoss`	$1.49M	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$1.37M	USD	3 Qtrs
Net (loss) income	`NetIncomeLoss`	$734.95K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$83.29K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$299.58K	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$237.00K	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$99.96K	USD	1 Quarter
Stock-based compensation expense	`StockIssuedDuringPeriodValueShareBasedCompensation`	$-39.39K	USD	3 Qtrs
Stock-based compensation expense	`StockIssuedDuringPeriodValueShareBasedCompensation`	$-23.30K	USD	3 Qtrs
Deferred income tax expense	`DeferredIncomeTaxExpenseBenefit`	$11.55K	USD	3 Qtrs
Deferred income tax expense	`DeferredIncomeTaxExpenseBenefit`	$-366.57K	USD	3 Qtrs
(Increase) in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$1.19M	USD	3 Qtrs
(Increase) in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$338.49K	USD	3 Qtrs
Decrease (increase) in inventory	`IncreaseDecreaseInInventories`	$5.51M	USD	3 Qtrs
Decrease (increase) in inventory	`IncreaseDecreaseInInventories`	$-103.08K	USD	3 Qtrs
Decrease in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-48.24K	USD	3 Qtrs
Decrease in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-242.43K	USD	3 Qtrs
Decrease in prepaid income taxes	`IncreaseDecreaseInPrepaidIncomeTaxes`	$-208.96K	USD	3 Qtrs
Decrease in prepaid income taxes	`IncreaseDecreaseInPrepaidIncomeTaxes`	$-249.08K	USD	3 Qtrs
Increase in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$692.23K	USD	3 Qtrs
Increase in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$1.54M	USD	3 Qtrs
Increase in income taxes payable	`IncreaseDecreaseInAccruedTaxesPayable`	$147.22K	USD	3 Qtrs
Increase in income taxes payable	`IncreaseDecreaseInAccruedTaxesPayable`	-	USD	3 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-4.04M	USD	3 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$1.55M	USD	3 Qtrs
Increase in intangible assets	`PaymentsToAcquireIntangibleAssets`	-	USD	3 Qtrs
Increase in intangible assets	`PaymentsToAcquireIntangibleAssets`	$102.50K	USD	3 Qtrs
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$215.69K	USD	3 Qtrs
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.01M	USD	3 Qtrs
Net cash (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.01M	USD	3 Qtrs
Net cash (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-318.19K	USD	3 Qtrs
Net proceeds and repayments from bank indebtedness	`ProceedsFromRepaymentsOfDebt`	$6.00M	USD	3 Qtrs
Net proceeds and repayments from bank indebtedness	`ProceedsFromRepaymentsOfDebt`	$1.00M	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.00M	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$6.00M	USD	3 Qtrs
Net increase in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$2.23M	USD	3 Qtrs
Net increase in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$946.14K	USD	3 Qtrs
Cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$484.46K	USD	Point-in-time
Cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.13M	USD	Point-in-time
Cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.18M	USD	Point-in-time
Cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.72M	USD	Point-in-time
Cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$484.46K	USD	Point-in-time
Cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.13M	USD	Point-in-time
Cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.18M	USD	Point-in-time
Cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.72M	USD	Point-in-time

Stockholders Equity 14 line items

Line Item	Tag	Value	Unit	Period
Beginning balance, value	`StockholdersEquity`	$23.81M	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$24.09M	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$24.29M	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$22.87M	USD	Point-in-time
Shares issued pursuant to compensation plans (note 9)	`StockIssuedDuringPeriodValueIssuedForServices`	$39.39K	USD	3 Qtrs
Shares issued pursuant to compensation plans (note 9)	`StockIssuedDuringPeriodValueIssuedForServices`	$23.30K	USD	3 Qtrs
Shares issued pursuant to compensation plans (note 9)	`StockIssuedDuringPeriodValueIssuedForServices`	$17.45K	USD	1 Quarter
Net loss	`ProfitLoss`	$1.37M	USD	3 Qtrs
Net loss	`ProfitLoss`	$-208.67K	USD	1 Quarter
Net loss	`ProfitLoss`	$-310.85K	USD	3 Qtrs
Ending balance, value	`StockholdersEquity`	$23.81M	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$24.09M	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$24.29M	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$22.87M	USD	Point-in-time

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