10-K Filing

JEWETT CAMERON TRADING CO LTD CIK: 885307 FY 2015

Filing Information

Form Type	10-K
Accession Number	`0001217160-15-000338`
Period End Date	20150831
Filing Date	20151106
Fiscal Year	2015
Fiscal Period	FY
XBRL Instance	jctcf-20150831.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 65 Income Statement 37 Cash Flow Statement 39 Stockholders Equity 10

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
Preferred Stock, Shares Issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash	`Cash`	$4.42M	USD	Point-in-time
Preferred Stock, Shares Issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash	`Cash`	$8.31M	USD	Point-in-time
Cash	`Cash`	$4.33M	USD	Point-in-time
Accounts receivable, net of allowance of $Nil (August 31, 2014 - $Nil)	`AccountsReceivableNetCurrent`	$3.69M	USD	Point-in-time
Accounts receivable, net of allowance of $Nil (August 31, 2014 - $Nil)	`AccountsReceivableNetCurrent`	$2.44M	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
Inventory, net of allowance of $120,824 (August 31, 2014 - $111,756)	`InventoryNet`	$9.15M	USD	Point-in-time
Common Stock, Par Value	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Inventory, net of allowance of $120,824 (August 31, 2014 - $111,756)	`InventoryNet`	$8.35M	USD	Point-in-time
Note receivable	`NotesReceivableNet`	$1.31K	USD	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 Authorized	`CommonStockSharesAuthorized`	21.57M	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$762.53K	USD	Point-in-time
Common Stock, Shares Issued	`CommonStockSharesIssued`	2.70M	shares	Point-in-time
Common Stock, Shares Issued	`CommonStockSharesIssued`	2.48M	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$719.46K	USD	Point-in-time
Prepaid income taxes	`PrepaidTaxes`	$26.57K	USD	Point-in-time
Common Stock, Shares Outstanding	`CommonStockSharesOutstanding`	2.48M	shares	Point-in-time
Common Stock, Shares Outstanding	`CommonStockSharesOutstanding`	2.70M	shares	Point-in-time
Prepaid income taxes	`PrepaidTaxes`	$546.35K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$17.20M	USD	Point-in-time
Accounts Receivable allowance	`AllowanceForDoubtfulAccountsReceivableCurrent`	-	USD	Point-in-time
Total current assets	`AssetsCurrent`	$17.25M	USD	Point-in-time
Accounts Receivable allowance	`AllowanceForDoubtfulAccountsReceivableCurrent`	-	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$2.15M	USD	Point-in-time
Inventory allowance	`InventoryAdjustments`	$111.76K	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$2.23M	USD	Point-in-time
Inventory allowance	`InventoryAdjustments`	$120.82K	USD	Point-in-time
Intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$295.96K	USD	Point-in-time
Intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$223.25K	USD	Point-in-time
Total assets	`Assets`	$19.69M	USD	Point-in-time
Total assets	`Assets`	$19.66M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$984.96K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$240.82K	USD	Point-in-time
Litigation reserve	`LitigationReserve`	$117.39K	USD	Point-in-time
Litigation reserve	`LitigationReserve`	$90.67K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$1.07M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$1.02M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.43M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.10M	USD	Point-in-time
Deferred tax liability	`DeferredTaxLiabilities`	$34.30K	USD	Point-in-time
Deferred tax liability	`DeferredTaxLiabilities`	$60.97K	USD	Point-in-time
Total liabilities	`Liabilities`	$1.49M	USD	Point-in-time
Total liabilities	`Liabilities`	$2.13M	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: 2,476,832 common shares (August 31, 2014 - 2,704,630)	`CommonStockValue`	$1.17M	USD	Point-in-time
Capital stock authorized: 21,567,564 common shares, without par value 10,000,000 preferred shares, without par value. Issued: 2,476,832 common shares (August 31, 2014 - 2,704,630)	`CommonStockValue`	$1.28M	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`	$16.32M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$15.75M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$18.20M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$17.52M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$19.69M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$19.66M	USD	Point-in-time

Income Statement 37 line items

Line Item	Tag	Value	Unit	Period
SALES	`SalesRevenueNet`	$42.24M	USD	Annual
SALES	`SalesRevenueNet`	$42.34M	USD	Annual
COST OF SALES	`CostOfGoodsSold`	$33.82M	USD	Annual
COST OF SALES	`CostOfGoodsSold`	$33.96M	USD	Annual
GROSS PROFIT	`GrossProfit`	$8.42M	USD	Annual
GROSS PROFIT	`GrossProfit`	$8.38M	USD	Annual
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$1.81M	USD	Annual
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$1.70M	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$276.34K	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$281.76K	USD	Annual
Wages and employee benefits	`LaborAndRelatedExpense`	$3.32M	USD	Annual
Wages and employee benefits	`LaborAndRelatedExpense`	$3.40M	USD	Annual
Total operating expenses	`OperatingExpenses`	$5.49M	USD	Annual
Total operating expenses	`OperatingExpenses`	$5.29M	USD	Annual
Income from operations	`IncomeLossFromContinuingOperations`	$3.08M	USD	Annual
Income from operations	`IncomeLossFromContinuingOperations`	$2.92M	USD	Annual
Gain on sale of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$3.55K	USD	Annual
Interest and other income	`InterestAndOtherIncome`	$31.99K	USD	Annual
Interest and other income	`InterestAndOtherIncome`	$27.09K	USD	Annual
Total other items	`OtherIncome`	$31.99K	USD	Annual
Total other items	`OtherIncome`	$30.63K	USD	Annual
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$3.12M	USD	Annual
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$2.96M	USD	Annual
Current	`CurrentIncomeTaxExpenseBenefit`	$1.25M	USD	Annual
Current	`CurrentIncomeTaxExpenseBenefit`	$1.21M	USD	Annual
Deferred	`DeferredIncomeTaxExpenseBenefit`	$10.58K	USD	Annual
Deferred	`DeferredIncomeTaxExpenseBenefit`	$-26.67K	USD	Annual
Net income for the year	`NetIncomeLoss`	$1.86M	USD	Annual
Net income for the year	`NetIncomeLoss`	$1.77M	USD	Annual
Basic earnings per common share	`EarningsPerShareBasic`	$0.63	USD	Annual
Basic earnings per common share	`EarningsPerShareBasic`	$0.69	USD	Annual
Diluted earnings per common share	`EarningsPerShareDiluted`	$0.63	USD	Annual
Diluted earnings per common share	`EarningsPerShareDiluted`	$0.69	USD	Annual
Weighted average number of common shares outstanding: Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	2.97M	shares	Annual
Weighted average number of common shares outstanding: Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	2.58M	shares	Annual
Weighted average number of common shares outstanding: Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	2.97M	shares	Annual
Weighted average number of common shares outstanding: Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	2.58M	shares	Annual

Cash Flow Statement 39 line items

Line Item	Tag	Value	Unit	Period
Net income for the year	`NetIncomeLoss`	$1.86M	USD	Annual
Net income for the year	`NetIncomeLoss`	$1.77M	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$276.34K	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$281.76K	USD	Annual
Gain on sale of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$3.55K	USD	Annual
Deferred income taxes	`DeferredFederalIncomeTaxExpenseBenefit`	$-26.67K	USD	Annual
Deferred income taxes	`DeferredFederalIncomeTaxExpenseBenefit`	$10.58K	USD	Annual
Interest income on litigation	`InterestIncomeOther`	$-26.72K	USD	Annual
Interest income on litigation	`InterestIncomeOther`	$-26.72K	USD	Annual
Decrease (increase) in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-1.25M	USD	Annual
Decrease (increase) in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$901.85K	USD	Annual
Decrease in note receivable	`IncreaseDecreaseInNotesReceivables`	$13.69K	USD	Annual
Decrease (increase) in inventory	`IncreaseDecreaseInInventories`	$-633.14K	USD	Annual
Decrease (increase) in inventory	`IncreaseDecreaseInInventories`	$802.55K	USD	Annual
Decrease (increase) in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$43.07K	USD	Annual
Decrease (increase) in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-174.92K	USD	Annual
Decrease (increase) in prepaid income taxes	`IncreaseDecreaseInPrepaidTaxes`	$519.78K	USD	Annual
Decrease (increase) in prepaid income taxes	`IncreaseDecreaseInPrepaidTaxes`	$-275.92K	USD	Annual
Increase (decrease) in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-1.55M	USD	Annual
Increase (decrease) in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$694.56K	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$2.83M	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$382.39K	USD	Annual
Proceeds on sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$4.80K	USD	Annual
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$-293.38K	USD	Annual
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$-110.33K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-293.38K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-105.53K	USD	Annual
Redemption of common stock	`RedemptionOfCommonStock`	$-2.45M	USD	Annual
Redemption of common stock	`RedemptionOfCommonStock`	$-4.26M	USD	Annual
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-2.45M	USD	Annual
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-4.26M	USD	Annual
Net increase (decrease) in cash	`CashPeriodIncreaseDecrease`	$-3.98M	USD	Annual
Net increase (decrease) in cash	`CashPeriodIncreaseDecrease`	$88.76K	USD	Annual
Cash, beginning of year	`Cash`	$4.42M	USD	Point-in-time
Cash, beginning of year	`Cash`	$8.31M	USD	Point-in-time
Cash, beginning of year	`Cash`	$4.33M	USD	Point-in-time
Cash, end of year	`Cash`	$4.42M	USD	Point-in-time
Cash, end of year	`Cash`	$8.31M	USD	Point-in-time
Cash, end of year	`Cash`	$4.33M	USD	Point-in-time

Stockholders Equity 10 line items

Line Item	Tag	Value	Unit	Period
Beginning balance	`CommonStockValueOutstanding`	$17.52M	USD	Point-in-time
Beginning balance	`CommonStockValueOutstanding`	$18.20M	USD	Point-in-time
Beginning balance	`CommonStockValueOutstanding`	$20.60M	USD	Point-in-time
Shares repurchased and cancelled, value	`SharesRepurchasedAndCancelledValue`	$-4.26M	USD	Annual
Shares repurchased and cancelled, value	`SharesRepurchasedAndCancelledValue`	$-2.45M	USD	Annual
Net income	`ProfitLoss`	$1.77M	USD	Annual
Net income	`ProfitLoss`	$1.86M	USD	Annual
Ending balance	`CommonStockValueOutstanding`	$17.52M	USD	Point-in-time
Ending balance	`CommonStockValueOutstanding`	$18.20M	USD	Point-in-time
Ending balance	`CommonStockValueOutstanding`	$20.60M	USD	Point-in-time

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