10-Q Filing

JEWETT CAMERON TRADING CO LTD CIK: 885307 Q1 2024

Filing Information

Form Type	10-Q
Accession Number	`0001079973-24-000069`
Period End Date	20231130
Filing Date	20240116
Fiscal Year	2024
Fiscal Period	Q1
XBRL Instance	jctc_10q-113023_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 54 Income Statement 38 Cash Flow Statement 45 Stockholders Equity 12

Balance Sheet 54 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`	$410.32K	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
Common stock, shares authorized	`CommonStockSharesAuthorized`	21.57M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.56M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$83.70K	USD	Point-in-time
Common stock, no par value	`CommonStockNoParValue`	-	USD	Point-in-time
Common stock, no par value	`CommonStockNoParValue`	-	USD	Point-in-time
Accounts receivable, net of allowance of $0 (August 31, 2023 - $0)	`AccountsReceivableNetCurrent`	$5.63M	USD	Point-in-time
Accounts receivable, net of allowance of $0 (August 31, 2023 - $0)	`AccountsReceivableNetCurrent`	$3.37M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Inventory, net of allowance of $410,325 (August 31, 2023 - $497,884) (note 3)	`InventoryNet`	$18.34M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Inventory, net of allowance of $410,325 (August 31, 2023 - $497,884) (note 3)	`InventoryNet`	$17.51M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$630.79K	USD	Point-in-time
Preferred stock, no par value	`PreferredStockNoParValue`	-	USD	Point-in-time
Preferred stock, no par value	`PreferredStockNoParValue`	-	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$613.36K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$25.05M	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`	$24.69M	USD	Point-in-time
Property, plant and equipment, net (note 4)	`PropertyPlantAndEquipmentNet`	$4.55M	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`	$112.85K	USD	Point-in-time
Deferred tax assets (Note 6)	`DeferredIncomeTaxAssetsNet`	$319.88K	USD	Point-in-time
Deferred tax assets (Note 6)	`DeferredIncomeTaxAssetsNet`	$229.06K	USD	Point-in-time
Total assets	`Assets`	$29.80M	USD	Point-in-time
Total assets	`Assets`	$29.94M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$2.18M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$2.80M	USD	Point-in-time
Bank indebtedness (note 7)	`NotesPayable`	-	USD	Point-in-time
Bank indebtedness (note 7)	`NotesPayable`	$1.26M	USD	Point-in-time
Income taxes payable (note 6)	`TaxesPayableCurrent`	$349.75K	USD	Point-in-time
Income taxes payable (note 6)	`TaxesPayableCurrent`	$147.63K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$2.11M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$1.40M	USD	Point-in-time
Total liabilities	`Liabilities`	$4.55M	USD	Point-in-time
Total liabilities	`Liabilities`	$5.70M	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, 2023 3,498,899)	`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, 2023 3,498,899)	`CommonStockValue`	$825.47K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$765.05K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$765.05K	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$23.80M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$22.51M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$24.09M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$24.04M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$25.39M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$24.10M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$29.94M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$29.80M	USD	Point-in-time

Income Statement 38 line items

Line Item	Tag	Value	Unit	Period
SALES	`Revenues`	$12.58M	USD	1 Quarter
SALES	`Revenues`	$9.81M	USD	1 Quarter
COST OF SALES	`CostOfRevenue`	$9.72M	USD	1 Quarter
COST OF SALES	`CostOfRevenue`	$7.85M	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$1.96M	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$2.86M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$948.48K	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$826.81K	USD	1 Quarter
Depreciation and amortization (notes 4, 5)	`DepreciationAndAmortization`	$97.90K	USD	1 Quarter
Depreciation and amortization (notes 4, 5)	`DepreciationAndAmortization`	$111.54K	USD	1 Quarter
Wages and employee benefits	`SalariesAndWages`	$1.70M	USD	1 Quarter
Wages and employee benefits	`SalariesAndWages`	$1.93M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$2.75M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$2.87M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-6.80K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-789.22K	USD	1 Quarter
Gain on sale of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$89.66K	USD	1 Quarter
Gain on sale of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	-	USD	1 Quarter
Other income (note 14)	`OtherIncome`	-	USD	1 Quarter
Other income (note 14)	`OtherIncome`	$2.45M	USD	1 Quarter
Interest expense	`InterestExpense`	$86.55K	USD	1 Quarter
Interest expense	`InterestExpense`	$6.86K	USD	1 Quarter
Total other items	`OtherNonoperatingIncomeExpense`	$-86.55K	USD	1 Quarter
Total other items	`OtherNonoperatingIncomeExpense`	$2.53M	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-93.35K	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$1.74M	USD	1 Quarter
Income tax (expense) recovery	`IncomeTaxExpenseBenefit`	$452.04K	USD	1 Quarter
Income tax (expense) recovery	`IncomeTaxExpenseBenefit`	$-19.59K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-73.76K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$1.29M	USD	1 Quarter
Basic income (loss) per common share	`EarningsPerShareBasic`	$0.37	USD	1 Quarter
Basic income (loss) per common share	`EarningsPerShareBasic`	$-0.02	USD	1 Quarter
Diluted income (loss) per common share	`EarningsPerShareDiluted`	$-0.02	USD	1 Quarter
Diluted income (loss) per common share	`EarningsPerShareDiluted`	$0.37	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	3.50M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	3.50M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	3.50M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	3.50M	shares	1 Quarter

Cash Flow Statement 45 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$-73.76K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$1.29M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$97.90K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$111.54K	USD	1 Quarter
Stock-based compensation expense	`StockIssuedDuringPeriodValueShareBasedCompensation`	-	USD	1 Quarter
Stock-based compensation expense	`StockIssuedDuringPeriodValueShareBasedCompensation`	$-23.30K	USD	1 Quarter
Gain on sale of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$89.66K	USD	1 Quarter
Gain on sale of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	-	USD	1 Quarter
Write-down of intangible assets	`WritedownOfIntangibleAssets`	$21.79K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$90.81K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-20.00K	USD	1 Quarter
Decrease in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-1.95M	USD	1 Quarter
Decrease in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-2.27M	USD	1 Quarter
Decrease (increase) in inventory	`IncreaseDecreaseInInventories`	$-825.63K	USD	1 Quarter
Decrease (increase) in inventory	`IncreaseDecreaseInInventories`	$1.37M	USD	1 Quarter
Decrease in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-17.43K	USD	1 Quarter
Decrease in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-488.46K	USD	1 Quarter
Decrease in prepaid income taxes	`IncreaseDecreaseInPrepaidIncomeTaxes`	-	USD	1 Quarter
Decrease in prepaid income taxes	`IncreaseDecreaseInPrepaidIncomeTaxes`	$-412.00	USD	1 Quarter
(Decrease) in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-95.03K	USD	1 Quarter
(Decrease) in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-419.81K	USD	1 Quarter
Increase in income taxes payable	`IncreaseDecreaseInAccruedTaxesPayable`	-	USD	1 Quarter
Increase in income taxes payable	`IncreaseDecreaseInAccruedTaxesPayable`	$202.12K	USD	1 Quarter
Net cash provided by (used by) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$694.24K	USD	1 Quarter
Net cash provided by (used by) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$4.63M	USD	1 Quarter
Proceeds on sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$101.70K	USD	1 Quarter
Proceeds on sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	-	USD	1 Quarter
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$36.22K	USD	1 Quarter
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	-	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$101.70K	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-36.22K	USD	1 Quarter
(Repayment of) proceeds from bank indebtedness	`ProceedsFromRepaymentsOfDebt`	$600.00K	USD	1 Quarter
(Repayment of) proceeds from bank indebtedness	`ProceedsFromRepaymentsOfDebt`	$-1.26M	USD	1 Quarter
Net cash (used) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-1.26M	USD	1 Quarter
Net cash (used) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$600.00K	USD	1 Quarter
Net increase in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$3.47M	USD	1 Quarter
Net increase in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$1.26M	USD	1 Quarter
Cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$83.70K	USD	Point-in-time
Cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.74M	USD	Point-in-time
Cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$484.46K	USD	Point-in-time
Cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$3.56M	USD	Point-in-time
Cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$83.70K	USD	Point-in-time
Cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.74M	USD	Point-in-time
Cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$484.46K	USD	Point-in-time
Cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$3.56M	USD	Point-in-time

Stockholders Equity 12 line items

Line Item	Tag	Value	Unit	Period
Beginning balance, value	`StockholdersEquity`	$24.09M	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$24.04M	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$25.39M	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$24.10M	USD	Point-in-time
Shares issued pursuant to compensation plans (note 9)	`StockIssuedDuringPeriodValueIssuedForServices`	$23.30K	USD	1 Quarter
Net income	`ProfitLoss`	$1.29M	USD	1 Quarter
Net income	`ProfitLoss`	$-73.76K	USD	1 Quarter
Net income	`ProfitLoss`	$53.13K	USD	3 Qtrs
Ending balance, value	`StockholdersEquity`	$24.09M	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$24.04M	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$25.39M	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.