10-K Filing

JEWETT CAMERON TRADING CO LTD CIK: 885307 FY 2023

Filing Information

Form Type	10-K
Accession Number	`0001079973-23-001665`
Period End Date	20230831
Filing Date	20231128
Fiscal Year	2023
Fiscal Period	FY
XBRL Instance	jctcf_10k-083123_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 55 Income Statement 40 Cash Flow Statement 44 Stockholders Equity 10

Balance Sheet 55 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable, net of allowance	`AllowanceForDoubtfulAccountsReceivable`	-	USD	Point-in-time
Accounts receivable, net of allowance	`AllowanceForDoubtfulAccountsReceivable`	-	USD	Point-in-time
Inventory, net of allowances	`InventoryNetOfAllowancesCustomerAdvancesAndProgressBillings`	$800.00K	USD	Point-in-time
Inventory, net of allowances	`InventoryNetOfAllowancesCustomerAdvancesAndProgressBillings`	$497.88K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	21.57M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$83.70K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$484.46K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	21.57M	shares	Point-in-time
Common stock, 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, par value	`CommonStockNoParValue`	-	USD	Point-in-time
Accounts receivable, net of allowance of $0 (August 31, 2022 - $0)	`AccountsReceivableNetCurrent`	$5.63M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Inventory, net of allowance of $497,884 (August 31, 2022 - $800,000) (note 3)	`InventoryNet`	$20.63M	USD	Point-in-time
Inventory, net of allowance of $497,884 (August 31, 2022 - $800,000) (note 3)	`InventoryNet`	$18.34M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$1.11M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$630.79K	USD	Point-in-time
Preferred stock, par value	`PreferredStockNoParValue`	-	USD	Point-in-time
Preferred stock, par value	`PreferredStockNoParValue`	-	USD	Point-in-time
Prepaid income taxes	`PrepaidIncomeTaxes`	-	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
Prepaid income taxes	`PrepaidIncomeTaxes`	$208.96K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$24.69M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$29.63M	USD	Point-in-time
Property, plant and equipment, net (note 4)	`PropertyPlantAndEquipmentNet`	$4.83M	USD	Point-in-time
Property, plant and equipment, net (note 4)	`PropertyPlantAndEquipmentNet`	$4.66M	USD	Point-in-time
Intangible assets, net (note 5)	`IntangibleAssetsNetExcludingGoodwill`	$134.84K	USD	Point-in-time
Intangible assets, net (note 5)	`IntangibleAssetsNetExcludingGoodwill`	$33.36K	USD	Point-in-time
Deferred tax assets (Note 6)	`DeferredIncomeTaxAssetsNet`	$319.88K	USD	Point-in-time
Deferred tax assets (Note 6)	`DeferredIncomeTaxAssetsNet`	$25.00K	USD	Point-in-time
Total assets	`Assets`	$29.80M	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`	$2.18M	USD	Point-in-time
Bank indebtedness (note 7)	`NotesPayable`	$1.26M	USD	Point-in-time
Bank indebtedness (note 7)	`NotesPayable`	$7.00M	USD	Point-in-time
Income taxes payable (note 6)	`TaxesPayableCurrent`	-	USD	Point-in-time
Income taxes payable (note 6)	`TaxesPayableCurrent`	$147.63K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$1.86M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$2.11M	USD	Point-in-time
Total liabilities	`Liabilities`	$5.70M	USD	Point-in-time
Total liabilities	`Liabilities`	$10.42M	USD	Point-in-time
Capital stock (notes 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
Capital stock (notes 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
Additional paid-in capital	`AdditionalPaidInCapital`	$765.05K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$742.59K	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$22.51M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$22.53M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$24.09M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$22.87M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$24.10M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$34.52M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$29.80M	USD	Point-in-time

Income Statement 40 line items

Line Item	Tag	Value	Unit	Period
SALES	`Revenues`	$62.90M	USD	Annual
SALES	`Revenues`	$54.29M	USD	Annual
COST OF SALES	`CostOfRevenue`	$49.11M	USD	Annual
COST OF SALES	`CostOfRevenue`	$42.04M	USD	Annual
GROSS PROFIT	`GrossProfit`	$13.79M	USD	Annual
GROSS PROFIT	`GrossProfit`	$12.25M	USD	Annual
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$3.97M	USD	Annual
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$4.01M	USD	Annual
Depreciation and amortization (notes 4, 5)	`DepreciationAndAmortization`	$397.92K	USD	Annual
Depreciation and amortization (notes 4, 5)	`DepreciationAndAmortization`	$319.62K	USD	Annual
Wages and employee benefits	`SalariesAndWages`	$7.45M	USD	Annual
Wages and employee benefits	`SalariesAndWages`	$7.50M	USD	Annual
Total operating expenses	`OperatingExpenses`	$11.82M	USD	Annual
Total operating expenses	`OperatingExpenses`	$11.82M	USD	Annual
Income from operations	`OperatingIncomeLoss`	$1.97M	USD	Annual
Income from operations	`OperatingIncomeLoss`	$430.68K	USD	Annual
Gain on sale of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$4.53K	USD	Annual
Gain on sale of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$70.25K	USD	Annual
Other income (loss) (note 14)	`OtherIncome`	$-230.03K	USD	Annual
Other income (loss) (note 14)	`OtherIncome`	-	USD	Annual
Interest expense	`InterestExpense`	$163.04K	USD	Annual
Interest expense	`InterestExpense`	$458.46K	USD	Annual
Total other items	`OtherNonoperatingIncomeExpense`	$-388.55K	USD	Annual
Total other items	`OtherNonoperatingIncomeExpense`	$-388.21K	USD	Annual
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$42.47K	USD	Annual
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$1.58M	USD	Annual
Current	`IncomeTaxExpenseBenefit`	$63.10K	USD	Annual
Current	`IncomeTaxExpenseBenefit`	$558.82K	USD	Annual
Deferred recovery	`IncomeTaxesDeferredRecovery`	$-141.94K	USD	Annual
Deferred recovery	`IncomeTaxesDeferredRecovery`	-	USD	Annual
Net (loss) income for the year	`NetIncomeLoss`	$-20.63K	USD	Annual
Net (loss) income for the year	`NetIncomeLoss`	$1.16M	USD	Annual
Basic (loss) earnings per common share	`EarningsPerShareBasic`	$0.33	USD	Annual
Basic (loss) earnings per common share	`EarningsPerShareBasic`	$-0.01	USD	Annual
Diluted (loss) earnings per common share	`EarningsPerShareDiluted`	$0.33	USD	Annual
Diluted (loss) earnings per common share	`EarningsPerShareDiluted`	$-0.01	USD	Annual
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	3.50M	shares	Annual
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	3.49M	shares	Annual
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	3.49M	shares	Annual
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	3.50M	shares	Annual

Cash Flow Statement 44 line items

Line Item	Tag	Value	Unit	Period
Net (loss) income for the year	`NetIncomeLoss`	$-20.63K	USD	Annual
Net (loss) income for the year	`NetIncomeLoss`	$1.16M	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$397.92K	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$319.62K	USD	Annual
Stock-based compensation expense	`StockIssuedDuringPeriodValueShareBasedCompensation`	$-23.30K	USD	Annual
Stock-based compensation expense	`StockIssuedDuringPeriodValueShareBasedCompensation`	$-56.84K	USD	Annual
Gain on sale of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$4.53K	USD	Annual
Gain on sale of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$70.25K	USD	Annual
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-141.94K	USD	Annual
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-294.88K	USD	Annual
Decrease (increase) in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$105.14K	USD	Annual
Decrease (increase) in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-1.56M	USD	Annual
Decrease (increase) in inventory	`IncreaseDecreaseInInventories`	$-2.29M	USD	Annual
Decrease (increase) in inventory	`IncreaseDecreaseInInventories`	$6.24M	USD	Annual
Decrease in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-481.79K	USD	Annual
Decrease in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-1.19M	USD	Annual
Decrease in prepaid income taxes	`IncreaseDecreaseInPrepaidIncomeTaxes`	$-208.96K	USD	Annual
Decrease in prepaid income taxes	`IncreaseDecreaseInPrepaidIncomeTaxes`	$-43.99K	USD	Annual
Increase in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$274.32K	USD	Annual
Increase in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$872.30K	USD	Annual
Increase in income taxes payable	`IncreaseDecreaseInAccruedTaxesPayable`	$147.63K	USD	Annual
Increase in income taxes payable	`IncreaseDecreaseInAccruedTaxesPayable`	-	USD	Annual
Net cash and cash equivalents provided by (used by) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$5.60M	USD	Annual
Net cash and cash equivalents provided by (used by) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-3.44M	USD	Annual
Increase in intangible assets	`PaymentsToAcquireIntangibleAssets`	$102.50K	USD	Annual
Increase in intangible assets	`PaymentsToAcquireIntangibleAssets`	$3.54K	USD	Annual
Proceeds on sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$70.25K	USD	Annual
Proceeds on sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	-	USD	Annual
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$223.92K	USD	Annual
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.26M	USD	Annual
Net cash and cash equivalents used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-256.17K	USD	Annual
Net cash and cash equivalents used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.26M	USD	Annual
(Repayment) proceeds from bank indebtedness	`ProceedsFromRepaymentsOfDebt`	$-5.74M	USD	Annual
(Repayment) proceeds from bank indebtedness	`ProceedsFromRepaymentsOfDebt`	$4.00M	USD	Annual
Net cash and cash equivalents provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$4.00M	USD	Annual
Net cash and cash equivalents provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-5.74M	USD	Annual
Net (decrease) in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-400.77K	USD	Annual
Net (decrease) in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-699.85K	USD	Annual
Cash and cash equivalents, beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$83.70K	USD	Point-in-time
Cash and cash equivalents, beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.18M	USD	Point-in-time
Cash and cash equivalents, beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$484.46K	USD	Point-in-time
Cash and cash equivalents, end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$83.70K	USD	Point-in-time
Cash and cash equivalents, end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.18M	USD	Point-in-time
Cash and cash equivalents, end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$484.46K	USD	Point-in-time

Stockholders Equity 10 line items

Line Item	Tag	Value	Unit	Period
Beginning balance, value	`StockholdersEquity`	$24.09M	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$22.87M	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$24.10M	USD	Point-in-time
Shares issued pursuant to compensation plans (note 9)	`StockIssuedDuringPeriodValueIssuedForServices`	$56.84K	USD	Annual
Shares issued pursuant to compensation plans (note 9)	`StockIssuedDuringPeriodValueIssuedForServices`	$23.30K	USD	Annual
Net Loss	`ProfitLoss`	$1.16M	USD	Annual
Net Loss	`ProfitLoss`	$-20.63K	USD	Annual
Ending balance, value	`StockholdersEquity`	$24.09M	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$22.87M	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$24.10M	USD	Point-in-time

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