10-Q Filing

JEWETT CAMERON TRADING CO LTD CIK: 885307 Q1 2014

Filing Information

Form Type	10-Q
Accession Number	`0001217160-14-000013`
Period End Date	20131130
Filing Date	20140113
Fiscal Year	2014
Fiscal Period	Q1
XBRL Instance	jctcf-20131130.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 63 Income Statement 31 Cash Flow Statement 38 Stockholders Equity 14

Balance Sheet 63 line items

Line Item	Tag	Value	Unit	Period
Preferred Stock, Par Value	`PreferredStockParOrStatedValuePerShare`	-	USD	Point-in-time
Preferred Stock, Par Value	`PreferredStockParOrStatedValuePerShare`	-	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
Preferred Stock, Shares Issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred Stock, Shares Issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash	`Cash`	$8.10M	USD	Point-in-time
Cash	`Cash`	$8.31M	USD	Point-in-time
Preferred Stock, Shares Outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred Stock, Shares Outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Accounts receivable, net of allowance of $Nil (August 31, 2013 - $Nil)	`AccountsReceivableNetCurrent`	$3.34M	USD	Point-in-time
Accounts receivable, net of allowance of $Nil (August 31, 2013 - $Nil)	`AccountsReceivableNetCurrent`	$2.24M	USD	Point-in-time
Inventory, net of allowance of $134,259 (August 31, 2013 - $134,259)	`InventoryNet`	$8.52M	USD	Point-in-time
Common Stock, Par Value	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Inventory, net of allowance of $134,259 (August 31, 2013 - $134,259)	`InventoryNet`	$8.37M	USD	Point-in-time
Common Stock, Par Value	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	21.57M	shares	Point-in-time
Note receivable	`NotesReceivableNet`	$15.00K	USD	Point-in-time
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	21.57M	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$587.61K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$883.17K	USD	Point-in-time
Common Stock, Shares Issued	`CommonStockSharesIssued`	3.13M	shares	Point-in-time
Common Stock, Shares Issued	`CommonStockSharesIssued`	3.13M	shares	Point-in-time
Prepaid income taxes	`PrepaidTaxes`	$270.42K	USD	Point-in-time
Common Stock, Shares Outstanding	`CommonStockSharesOutstanding`	3.13M	shares	Point-in-time
Common Stock, Shares Outstanding	`CommonStockSharesOutstanding`	3.13M	shares	Point-in-time
Prepaid income taxes	`PrepaidTaxes`	$43.74K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$21.05M	USD	Point-in-time
Accounts Receivable allowance	`AllowanceForDoubtfulAccountsReceivableCurrent`	-	USD	Point-in-time
Accounts Receivable allowance	`AllowanceForDoubtfulAccountsReceivableCurrent`	-	USD	Point-in-time
Total current assets	`AssetsCurrent`	$19.64M	USD	Point-in-time
Inventory allowance	`InventoryNetOfAllowancesCustomerAdvancesAndProgressBillings`	$134.26K	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$2.24M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$2.25M	USD	Point-in-time
Inventory allowance	`InventoryNetOfAllowancesCustomerAdvancesAndProgressBillings`	$134.26K	USD	Point-in-time
Intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$350.49K	USD	Point-in-time
Intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$368.66K	USD	Point-in-time
Total assets	`Assets`	$23.66M	USD	Point-in-time
Total assets	`Assets`	$22.23M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$453.52K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.72M	USD	Point-in-time
Litigation reserve	`LitigationReserve`	$144.10K	USD	Point-in-time
Litigation reserve	`LitigationReserve`	$137.44K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$665.90K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$1.15M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$3.01M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.26M	USD	Point-in-time
Deferred tax liability	`DeferredTaxLiabilities`	$45.83K	USD	Point-in-time
Deferred tax liability	`DeferredTaxLiabilities`	$50.39K	USD	Point-in-time
Total liabilities	`Liabilities`	$1.30M	USD	Point-in-time
Total liabilities	`Liabilities`	$3.06M	USD	Point-in-time
Contingent liabilities and commitments	`CommitmentsAndContingencies`	-	USD	Point-in-time
Contingent liabilities and commitments	`CommitmentsAndContingencies`	-	USD	Point-in-time
Authorized, 21,567,564 common shares, without par value, 10,000,000 preferred shares, without par value. Issued, 3,134,936 common shares (August 31, 2013 - 3,134,936)	`CommonStockValue`	$1.48M	USD	Point-in-time
Authorized, 21,567,564 common shares, without par value, 10,000,000 preferred shares, without par value. Issued, 3,134,936 common shares (August 31, 2013 - 3,134,936)	`CommonStockValue`	$1.48M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$600.80K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$600.80K	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$18.52M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$18.85M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$20.60M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$20.93M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$22.23M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$23.66M	USD	Point-in-time

Income Statement 31 line items

Line Item	Tag	Value	Unit	Period
SALES	`SalesRevenueNet`	$8.01M	USD	1 Quarter
SALES	`SalesRevenueNet`	$9.30M	USD	1 Quarter
COST OF SALES	`CostOfGoodsSold`	$7.31M	USD	1 Quarter
COST OF SALES	`CostOfGoodsSold`	$6.16M	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$1.99M	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$1.85M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$335.82K	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$391.89K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$57.49K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$70.02K	USD	1 Quarter
Wages and employee benefits	`LaborAndRelatedExpense`	$825.31K	USD	1 Quarter
Wages and employee benefits	`LaborAndRelatedExpense`	$843.95K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$1.22M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$1.31M	USD	1 Quarter
Income from operations	`IncomeLossFromContinuingOperations`	$543.92K	USD	1 Quarter
Income from operations	`IncomeLossFromContinuingOperations`	$772.38K	USD	1 Quarter
Interest and other income	`InterestAndOtherIncome`	$6.66K	USD	1 Quarter
Interest and other income	`InterestAndOtherIncome`	$16.71K	USD	1 Quarter
Gain on sale of equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$4.11K	USD	1 Quarter
Total other items	`OtherIncome`	$16.71K	USD	1 Quarter
Total other items	`OtherIncome`	$10.77K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$789.10K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$554.69K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$-308.35K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$-222.12K	USD	1 Quarter
Net income	`NetIncomeLoss`	$480.75K	USD	1 Quarter
Net income	`NetIncomeLoss`	$332.58K	USD	1 Quarter
Basic and diluted earnings per common share	`EarningsPerShareBasicAndDiluted`	$0.11	USD	1 Quarter
Basic and diluted earnings per common share	`EarningsPerShareBasicAndDiluted`	$0.15	USD	1 Quarter
Weighted average number of common shares outstanding, basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	3.14M	shares	1 Quarter
Weighted average number of common shares outstanding, basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	3.13M	shares	1 Quarter

Cash Flow Statement 38 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$480.75K	USD	1 Quarter
Net income	`NetIncomeLoss`	$332.58K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$57.49K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$70.02K	USD	1 Quarter
Gain on sale of equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$4.11K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-4.56K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$14.32K	USD	1 Quarter
Interest income on litigation	`InterestIncomeOther`	$-6.66K	USD	1 Quarter
Interest income on litigation	`InterestIncomeOther`	$-6.66K	USD	1 Quarter
Decrease in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$426.02K	USD	1 Quarter
Decrease in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$1.11M	USD	1 Quarter
Decrease in inventory	`IncreaseDecreaseInInventories`	$146.24K	USD	1 Quarter
Decrease in inventory	`IncreaseDecreaseInInventories`	$1.32M	USD	1 Quarter
Decrease in note receivable	`IncreaseDecreaseInNotesReceivables`	$15.00K	USD	1 Quarter
Decrease in note receivable	`IncreaseDecreaseInNotesReceivables`	$20.00K	USD	1 Quarter
Decrease in prepaid income taxes	`IncreaseDecreaseInPrepaidTaxes`	$226.68K	USD	1 Quarter
Increase in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-1.58M	USD	1 Quarter
Increase in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-295.56K	USD	1 Quarter
Decrease in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-971.23K	USD	1 Quarter
Decrease in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-1.75M	USD	1 Quarter
Increase in accrued income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$293.75K	USD	1 Quarter
Net cash provided (used) by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$59.20K	USD	1 Quarter
Net cash provided (used) by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-159.25K	USD	1 Quarter
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$-112.13K	USD	1 Quarter
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$-57.92K	USD	1 Quarter
Proceeds from sale of equipment	`ProceedsFromSaleOfMachineryAndEquipment`	$4.80K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-53.12K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-112.13K	USD	1 Quarter
Net decrease in cash	`CashPeriodIncreaseDecrease`	$-212.37K	USD	1 Quarter
Net decrease in cash	`CashPeriodIncreaseDecrease`	$-52.93K	USD	1 Quarter
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$8.31M	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$7.31M	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$8.10M	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$7.26M	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$8.31M	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$7.31M	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$8.10M	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$7.26M	USD	Point-in-time

Stockholders Equity 14 line items

Line Item	Tag	Value	Unit	Period
Beginning balance	`CommonStockValueOutstanding`	$17.49M	USD	Point-in-time
Beginning balance	`CommonStockValueOutstanding`	$20.60M	USD	Point-in-time
Beginning balance	`CommonStockValueOutstanding`	$17.47M	USD	Point-in-time
Beginning balance	`CommonStockValueOutstanding`	$20.93M	USD	Point-in-time
Shares repurchased and cancelled, value	`Sharesrepurchasedandcancelledvalue`	$-7.19K	USD	Annual
Shares repurchased and cancelled, value	`Sharesrepurchasedandcancelledvalue`	$-3.08M	USD	Annual
Net income	`ProfitLoss`	$332.58K	USD	1 Quarter
Net income	`ProfitLoss`	$3.06M	USD	Annual
Net income	`ProfitLoss`	$3.13M	USD	Annual
Net income	`ProfitLoss`	$480.75K	USD	1 Quarter
Ending balance	`CommonStockValueOutstanding`	$17.49M	USD	Point-in-time
Ending balance	`CommonStockValueOutstanding`	$20.60M	USD	Point-in-time
Ending balance	`CommonStockValueOutstanding`	$17.47M	USD	Point-in-time
Ending balance	`CommonStockValueOutstanding`	$20.93M	USD	Point-in-time

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