10-Q Filing

JEWETT CAMERON TRADING CO LTD CIK: 885307 Q1 2016

Filing Information

Form Type	10-Q
Accession Number	`0001217160-16-000400`
Period End Date	20151130
Filing Date	20160114
Fiscal Year	2016
Fiscal Period	Q1
XBRL Instance	jctcf-20151130.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 65 Income Statement 34 Cash Flow Statement 39 Stockholders Equity 13

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	`Cash`	$4.36M	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	`Cash`	$1.98M	USD	Point-in-time
Cash	`Cash`	$4.33M	USD	Point-in-time
Cash	`Cash`	$4.42M	USD	Point-in-time
Accounts receivable, net of allowance of $Nil (August 31, 2015 - $Nil)	`AccountsReceivableNetCurrent`	$3.69M	USD	Point-in-time
Preferred Stock, Shares Outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Accounts receivable, net of allowance of $Nil (August 31, 2015 - $Nil)	`AccountsReceivableNetCurrent`	$4.32M	USD	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 $72,730 (August 31, 2015 - $120,824)	`InventoryNet`	$8.35M	USD	Point-in-time
Common Stock, Par Value	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Inventory, net of allowance of $72,730 (August 31, 2015 - $120,824)	`InventoryNet`	$8.16M	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
Note receivable	`NotesReceivableNet`	$1.31K	USD	Point-in-time
Note receivable	`NotesReceivableNet`	$360.00	USD	Point-in-time
Common Stock, Shares Issued	`CommonStockSharesIssued`	2.48M	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$719.46K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$1.05M	USD	Point-in-time
Common Stock, Shares Issued	`CommonStockSharesIssued`	2.48M	shares	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`	2.48M	shares	Point-in-time
Accounts Receivable allowance	`AllowanceForDoubtfulAccountsReceivableCurrent`	-	USD	Point-in-time
Total current assets	`AssetsCurrent`	$17.90M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$17.20M	USD	Point-in-time
Accounts Receivable allowance	`AllowanceForDoubtfulAccountsReceivableCurrent`	-	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$2.23M	USD	Point-in-time
Inventory allowance	`InventoryAdjustments`	$72.73K	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$2.18M	USD	Point-in-time
Inventory allowance	`InventoryAdjustments`	$120.82K	USD	Point-in-time
Intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$205.07K	USD	Point-in-time
Intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$223.25K	USD	Point-in-time
Total assets	`Assets`	$20.29M	USD	Point-in-time
Total assets	`Assets`	$19.66M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$955.52K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$984.96K	USD	Point-in-time
Litigation reserve	`LitigationReserve`	$84.01K	USD	Point-in-time
Litigation reserve	`LitigationReserve`	$90.67K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$1.14M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$1.02M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.10M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.18M	USD	Point-in-time
Deferred tax liability	`DeferredTaxLiabilities`	$34.30K	USD	Point-in-time
Deferred tax liability	`DeferredTaxLiabilities`	$47.10K	USD	Point-in-time
Total liabilities	`Liabilities`	$2.23M	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
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, 2015 - 2,476,832)	`CommonStockValue`	$1.17M	USD	Point-in-time
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, 2015 - 2,476,832)	`CommonStockValue`	$1.17M	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`	$16.29M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$15.75M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$17.52M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$18.06M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$20.29M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$19.66M	USD	Point-in-time

Income Statement 34 line items

Line Item	Tag	Value	Unit	Period
SALES	`SalesRevenueNet`	$7.98M	USD	1 Quarter
SALES	`SalesRevenueNet`	$11.94M	USD	1 Quarter
COST OF SALES	`CostOfGoodsSold`	$9.56M	USD	1 Quarter
COST OF SALES	`CostOfGoodsSold`	$6.11M	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$1.87M	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$2.38M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$461.45K	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$542.79K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$75.51K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$69.08K	USD	1 Quarter
Wages and employee benefits	`LaborAndRelatedExpense`	$876.35K	USD	1 Quarter
Wages and employee benefits	`LaborAndRelatedExpense`	$809.59K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$1.49M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$1.34M	USD	1 Quarter
Income from operations	`IncomeLossFromContinuingOperations`	$529.90K	USD	1 Quarter
Income from operations	`IncomeLossFromContinuingOperations`	$885.20K	USD	1 Quarter
Interest and other income	`InterestAndOtherIncome`	$6.89K	USD	1 Quarter
Interest and other income	`InterestAndOtherIncome`	$8.73K	USD	1 Quarter
Total other items	`OtherIncome`	$8.73K	USD	1 Quarter
Total other items	`OtherIncome`	$6.89K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$893.94K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$536.79K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$-209.01K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$-361.69K	USD	1 Quarter
Net income	`NetIncomeLoss`	$532.25K	USD	1 Quarter
Net income	`NetIncomeLoss`	$327.79K	USD	1 Quarter
Basic earnings per common share	`EarningsPerShareBasic`	$0.12	USD	1 Quarter
Basic earnings per common share	`EarningsPerShareBasic`	$0.21	USD	1 Quarter
Diluted earnings per common share	`EarningsPerShareDiluted`	$0.12	USD	1 Quarter
Diluted earnings per common share	`EarningsPerShareDiluted`	$0.21	USD	1 Quarter
Weighted average number of common shares outstanding: Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	2.48M	shares	1 Quarter
Weighted average number of common shares outstanding: Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	2.69M	shares	1 Quarter
Weighted average number of common shares outstanding: Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	2.48M	shares	1 Quarter
Weighted average number of common shares outstanding: Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	2.69M	shares	1 Quarter

Cash Flow Statement 39 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$532.25K	USD	1 Quarter
Net income	`NetIncomeLoss`	$327.79K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$75.51K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$69.08K	USD	1 Quarter
Deferred income taxes	`DeferredFederalIncomeTaxExpenseBenefit`	$12.80K	USD	1 Quarter
Deferred income taxes	`DeferredFederalIncomeTaxExpenseBenefit`	$3.72K	USD	1 Quarter
Interest income on litigation	`InterestIncomeOther`	$-6.66K	USD	1 Quarter
Interest income on litigation	`InterestIncomeOther`	$-6.66K	USD	1 Quarter
Interest income on litigation	`InterestIncomeOther`	$-26.72K	USD	Annual
Increase in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-277.69K	USD	1 Quarter
Increase in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-631.58K	USD	1 Quarter
(Increase) decrease in inventory	`IncreaseDecreaseInInventories`	$189.33K	USD	1 Quarter
(Increase) decrease in inventory	`IncreaseDecreaseInInventories`	$-1.59M	USD	1 Quarter
Decrease in note receivable	`IncreaseDecreaseInNotesReceivables`	$950.00	USD	1 Quarter
Decrease in note receivable	`IncreaseDecreaseInNotesReceivables`	$15.00K	USD	1 Quarter
Decrease in prepaid income taxes	`IncreaseDecreaseInPrepaidTaxes`	$26.57K	USD	1 Quarter
Decrease in prepaid income taxes	`IncreaseDecreaseInPrepaidTaxes`	$205.17K	USD	1 Quarter
(Increase) decrease in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$192.56K	USD	1 Quarter
(Increase) decrease in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-333.01K	USD	1 Quarter
Increase in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$88.69K	USD	1 Quarter
Increase in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$12.85K	USD	1 Quarter
Net cash used by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-45.15K	USD	1 Quarter
Net cash used by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.05M	USD	1 Quarter
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$-1.28K	USD	1 Quarter
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$-10.53K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-10.53K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.28K	USD	1 Quarter
Redemption of common stock	`RedemptionOfCommonStock`	$-1.29M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-1.29M	USD	1 Quarter
Net decrease in cash	`CashPeriodIncreaseDecrease`	$-2.34M	USD	1 Quarter
Net decrease in cash	`CashPeriodIncreaseDecrease`	$-55.67K	USD	1 Quarter
Cash, beginning of period	`Cash`	$4.36M	USD	Point-in-time
Cash, beginning of period	`Cash`	$1.98M	USD	Point-in-time
Cash, beginning of period	`Cash`	$4.33M	USD	Point-in-time
Cash, beginning of period	`Cash`	$4.42M	USD	Point-in-time
Cash, end of period	`Cash`	$4.36M	USD	Point-in-time
Cash, end of period	`Cash`	$1.98M	USD	Point-in-time
Cash, end of period	`Cash`	$4.33M	USD	Point-in-time
Cash, end of period	`Cash`	$4.42M	USD	Point-in-time

Stockholders Equity 13 line items

Line Item	Tag	Value	Unit	Period
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$18.20M	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$18.06M	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$17.52M	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$20.60M	USD	Point-in-time
Shares repurchased and cancelled, value	`SharesRepurchasedAndCancelledValue`	$-2.45M	USD	Annual
Shares repurchased and cancelled, value	`SharesRepurchasedAndCancelledValue`	$-4.26M	USD	Annual
Net income	`ProfitLoss`	$532.25K	USD	1 Quarter
Net income	`ProfitLoss`	$1.86M	USD	Annual
Net income	`ProfitLoss`	$1.77M	USD	Annual
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$18.20M	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$18.06M	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$17.52M	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$20.60M	USD	Point-in-time

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