10-Q Filing

JEWETT CAMERON TRADING CO LTD CIK: 885307 Q3 2014

Filing Information

Form Type	10-Q
Accession Number	`0001217160-14-000144`
Period End Date	20140531
Filing Date	20140714
Fiscal Year	2014
Fiscal Period	Q3
XBRL Instance	jctcf-20140531.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 65 Income Statement 71 Cash Flow Statement 48 Stockholders Equity 17

Balance Sheet 65 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
Cash	`CashAndCashEquivalentsAtCarryingValue`	$8.31M	USD	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	`CashAndCashEquivalentsAtCarryingValue`	$4.24M	USD	Point-in-time
Accounts receivable, net of allowance of $Nil (August 31, 2013 - $Nil)	`AccountsReceivableNetCurrent`	$4.92M	USD	Point-in-time
Accounts receivable, net of allowance of $Nil (August 31, 2013 - $Nil)	`AccountsReceivableNetCurrent`	$3.34M	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
Common Stock, Par Value	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Common Stock, Par Value	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Inventory, net of allowance of $115,426 (August 31, 2013 - $134,259)	`InventoryNet`	$8.52M	USD	Point-in-time
Inventory, net of allowance of $115,426 (August 31, 2013 - $134,259)	`InventoryNet`	$7.25M	USD	Point-in-time
Note receivable	`NotesReceivableNet`	$15.00K	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
Common Stock, Shares Issued	`CommonStockSharesIssued`	2.75M	shares	Point-in-time
Common Stock, Shares Issued	`CommonStockSharesIssued`	3.13M	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$1.33M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$587.61K	USD	Point-in-time
Common Stock, Shares Outstanding	`CommonStockSharesOutstanding`	3.13M	shares	Point-in-time
Prepaid income taxes	`PrepaidTaxes`	$317.44K	USD	Point-in-time
Prepaid income taxes	`PrepaidTaxes`	$270.42K	USD	Point-in-time
Common Stock, Shares Outstanding	`CommonStockSharesOutstanding`	2.75M	shares	Point-in-time
Accounts Receivable allowance	`AllowanceForDoubtfulAccountsReceivableCurrent`	-	USD	Point-in-time
Total current assets	`AssetsCurrent`	$21.05M	USD	Point-in-time
Accounts Receivable allowance	`AllowanceForDoubtfulAccountsReceivableCurrent`	-	USD	Point-in-time
Total current assets	`AssetsCurrent`	$18.07M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$2.18M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$2.24M	USD	Point-in-time
Inventory allowance	`InventoryNetOfAllowancesCustomerAdvancesAndProgressBillings`	$115.43K	USD	Point-in-time
Inventory allowance	`InventoryNetOfAllowancesCustomerAdvancesAndProgressBillings`	$134.26K	USD	Point-in-time
Intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$368.66K	USD	Point-in-time
Intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$314.13K	USD	Point-in-time
Total assets	`Assets`	$20.56M	USD	Point-in-time
Total assets	`Assets`	$23.66M	USD	Point-in-time
Total assets	`Assets`	$21.59M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$962.73K	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`	$124.12K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$1.13M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$1.15M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.21M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$3.01M	USD	Point-in-time
Deferred tax liability	`DeferredTaxLiabilities`	$44.38K	USD	Point-in-time
Deferred tax liability	`DeferredTaxLiabilities`	$50.39K	USD	Point-in-time
Total liabilities	`Liabilities`	$2.26M	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
Capital stock authorized: 21,567,564 common shares, without par value 10,000,000 preferred shares, without par value. Issued: 2,749,678 common shares (August 31, 2013 - 3,134,936)	`CommonStockValue`	$1.30M	USD	Point-in-time
Capital stock authorized: 21,567,564 common shares, without par value 10,000,000 preferred shares, without par value. Issued: 2,749,678 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`	$16.40M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$18.30M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$20.60M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$20.56M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$23.66M	USD	Point-in-time

Income Statement 71 line items

Line Item	Tag	Value	Unit	Period
SALES	`SalesRevenueNet`	$38.58M	USD	3 Qtrs
SALES	`SalesRevenueNet`	$15.05M	USD	1 Quarter
SALES	`SalesRevenueNet`	$15.34M	USD	1 Quarter
SALES	`SalesRevenueNet`	$33.07M	USD	3 Qtrs
COST OF SALES	`CostOfGoodsSold`	$12.02M	USD	1 Quarter
COST OF SALES	`CostOfGoodsSold`	$31.11M	USD	3 Qtrs
COST OF SALES	`CostOfGoodsSold`	$26.52M	USD	3 Qtrs
COST OF SALES	`CostOfGoodsSold`	$12.38M	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$2.95M	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$7.46M	USD	3 Qtrs
GROSS PROFIT	`GrossProfit`	$3.03M	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$6.56M	USD	3 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$402.01K	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$372.19K	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$1.24M	USD	3 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$1.18M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$73.14K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$66.73K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$188.43K	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$212.69K	USD	3 Qtrs
Wages and employee benefits	`LaborAndRelatedExpense`	$2.66M	USD	3 Qtrs
Wages and employee benefits	`LaborAndRelatedExpense`	$904.69K	USD	1 Quarter
Wages and employee benefits	`LaborAndRelatedExpense`	$2.60M	USD	3 Qtrs
Wages and employee benefits	`LaborAndRelatedExpense`	$922.90K	USD	1 Quarter
Total operation expenses	`OperatingExpenses`	$1.40M	USD	1 Quarter
Total operation expenses	`OperatingExpenses`	$4.05M	USD	3 Qtrs
Total operation expenses	`OperatingExpenses`	$4.02M	USD	3 Qtrs
Total operation expenses	`OperatingExpenses`	$1.34M	USD	1 Quarter
Income from operations	`IncomeLossFromContinuingOperations`	$3.44M	USD	3 Qtrs
Income from operations	`IncomeLossFromContinuingOperations`	$1.55M	USD	1 Quarter
Income from operations	`IncomeLossFromContinuingOperations`	$1.69M	USD	1 Quarter
Income from operations	`IncomeLossFromContinuingOperations`	$2.51M	USD	3 Qtrs
Gain on sale of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$4.11K	USD	3 Qtrs
Gain on sale of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$353.85K	USD	3 Qtrs
Interest and other income	`InterestAndOtherIncome`	$6.73K	USD	1 Quarter
Interest and other income	`InterestAndOtherIncome`	$20.01K	USD	3 Qtrs
Interest and other income	`InterestAndOtherIncome`	$6.73K	USD	1 Quarter
Interest and other income	`InterestAndOtherIncome`	$30.05K	USD	3 Qtrs
Interest expense	`InterestExpense`	$-400.00	USD	3 Qtrs
Total other items	`OtherIncome`	$6.73K	USD	1 Quarter
Total other items	`OtherIncome`	$6.73K	USD	1 Quarter
Total other items	`OtherIncome`	$383.50K	USD	3 Qtrs
Total other items	`OtherIncome`	$24.12K	USD	3 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$2.53M	USD	3 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$1.56M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$3.82M	USD	3 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$1.69M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$-1.02M	USD	3 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$-1.53M	USD	3 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$-622.94K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$-674.68K	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.02M	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.51M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$936.33K	USD	1 Quarter
Net income	`NetIncomeLoss`	$2.29M	USD	3 Qtrs
Basic earnings per common share	`EarningsPerShareBasic`	$0.33	USD	1 Quarter
Basic earnings per common share	`EarningsPerShareBasic`	$0.50	USD	3 Qtrs
Basic earnings per common share	`EarningsPerShareBasic`	$0.32	USD	1 Quarter
Basic earnings per common share	`EarningsPerShareBasic`	$0.73	USD	3 Qtrs
Diluted earnings per common share	`EarningsPerShareDiluted`	$0.73	USD	3 Qtrs
Diluted earnings per common share	`EarningsPerShareDiluted`	$0.50	USD	3 Qtrs
Diluted earnings per common share	`EarningsPerShareDiluted`	$0.32	USD	1 Quarter
Diluted earnings per common share	`EarningsPerShareDiluted`	$0.33	USD	1 Quarter
Weighted average number of common shares outstanding:Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	3.14M	shares	3 Qtrs
Weighted average number of common shares outstanding:Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	3.04M	shares	3 Qtrs
Weighted average number of common shares outstanding:Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	3.14M	shares	1 Quarter
Weighted average number of common shares outstanding:Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	2.87M	shares	1 Quarter
Weighted average number of common shares outstanding:Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	3.14M	shares	3 Qtrs
Weighted average number of common shares outstanding:Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	3.04M	shares	3 Qtrs
Weighted average number of common shares outstanding:Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	2.87M	shares	1 Quarter
Weighted average number of common shares outstanding:Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	3.14M	shares	1 Quarter

Cash Flow Statement 48 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$1.02M	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.51M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$936.33K	USD	1 Quarter
Net income	`NetIncomeLoss`	$2.29M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$73.14K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$66.73K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$188.43K	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$212.69K	USD	3 Qtrs
(Gain) loss on sale of property, plant and equipment	`GainLossOnDispositionOfAssets`	$-353.85K	USD	3 Qtrs
(Gain) loss on sale of property, plant and equipment	`GainLossOnDispositionOfAssets`	$-4.11K	USD	3 Qtrs
Deferred income tax expense (recovery)	`DeferredIncomeTaxesAndTaxCredits`	$-6.01K	USD	3 Qtrs
Deferred income tax expense (recovery)	`DeferredIncomeTaxesAndTaxCredits`	$152.02K	USD	3 Qtrs
Interest income on litigation	`InterestIncomeOther`	$-19.98K	USD	3 Qtrs
Interest income on litigation	`InterestIncomeOther`	$-19.98K	USD	3 Qtrs
(Increase) decrease in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-1.58M	USD	3 Qtrs
(Increase) decrease in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-1.73M	USD	3 Qtrs
Decrease in inventory	`IncreaseDecreaseInInventories`	$2.41M	USD	3 Qtrs
Decrease in inventory	`IncreaseDecreaseInInventories`	$1.28M	USD	3 Qtrs
(Increase) decrease in note receivable	`IncreaseDecreaseInNotesReceivables`	$5.00K	USD	3 Qtrs
(Increase) decrease in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-739.22K	USD	3 Qtrs
(Increase) decrease in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-1.50M	USD	3 Qtrs
(Increase) decrease in prepaid income taxes	`IncreaseDecreaseInIncomeTaxes`	$-125.87K	USD	3 Qtrs
(Increase) decrease in prepaid income taxes	`IncreaseDecreaseInIncomeTaxes`	$-47.02K	USD	3 Qtrs
Increase (decrease) in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-774.75K	USD	3 Qtrs
Increase (decrease) in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-1.13M	USD	3 Qtrs
Decrease in accrued income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-37.20K	USD	3 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$148.05K	USD	3 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-174.86K	USD	3 Qtrs
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$-94.27K	USD	3 Qtrs
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$-183.68K	USD	3 Qtrs
Proceeds from sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$410.00K	USD	3 Qtrs
Proceeds from sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$4.80K	USD	3 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-89.47K	USD	3 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$226.32K	USD	3 Qtrs
Redemption of common stock	`RedemptionOfCommonStock`	$-3.80M	USD	3 Qtrs
Redemption of common stock	`RedemptionOfCommonStock`	$-4.88K	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-4.88K	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-3.80M	USD	3 Qtrs
Net increase (decrease) in cash	`CashPeriodIncreaseDecrease`	$-4.07M	USD	3 Qtrs
Net increase (decrease) in cash	`CashPeriodIncreaseDecrease`	$369.49K	USD	3 Qtrs
Cash, beginning of period	`Cash`	$8.31M	USD	Point-in-time
Cash, beginning of period	`Cash`	$7.31M	USD	Point-in-time
Cash, beginning of period	`Cash`	$4.24M	USD	Point-in-time
Cash, beginning of period	`Cash`	$7.68M	USD	Point-in-time
Cash, end of period	`Cash`	$8.31M	USD	Point-in-time
Cash, end of period	`Cash`	$7.31M	USD	Point-in-time
Cash, end of period	`Cash`	$4.24M	USD	Point-in-time
Cash, end of period	`Cash`	$7.68M	USD	Point-in-time

Stockholders Equity 17 line items

Line Item	Tag	Value	Unit	Period
Beginning balance	`CommonStockValueOutstanding`	$18.30M	USD	Point-in-time
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
Shares repurchased and cancelled, value	`Sharesrepurchasedandcancelledvalue`	$-3.08M	USD	Annual
Shares repurchased and cancelled, value	`Sharesrepurchasedandcancelledvalue`	$-3.80M	USD	3 Qtrs
Shares repurchased and cancelled, value	`Sharesrepurchasedandcancelledvalue`	$-7.19K	USD	Annual
Net income	`ProfitLoss`	$936.33K	USD	1 Quarter
Net income	`ProfitLoss`	$3.06M	USD	Annual
Net income	`ProfitLoss`	$3.13M	USD	Annual
Net income	`ProfitLoss`	$1.51M	USD	3 Qtrs
Net income	`ProfitLoss`	$2.29M	USD	3 Qtrs
Net income	`ProfitLoss`	$1.02M	USD	1 Quarter
Ending balance	`CommonStockValueOutstanding`	$18.30M	USD	Point-in-time
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

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