10-Q Filing

JEWETT CAMERON TRADING CO LTD CIK: 885307 Q1 2017

Filing Information

Form Type	10-Q
Accession Number	`0001217160-17-000010`
Period End Date	20161130
Filing Date	20170117
Fiscal Year	2017
Fiscal Period	Q1
XBRL Instance	jctcf-20161130.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 62 Income Statement 34 Cash Flow Statement 33 Stockholders Equity 9

Balance Sheet 62 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`	$4.36M	USD	Point-in-time
Cash	`Cash`	$4.90M	USD	Point-in-time
Preferred Stock, Shares Issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash	`Cash`	$4.52M	USD	Point-in-time
Cash	`Cash`	$4.42M	USD	Point-in-time
Preferred Stock, Shares Outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Accounts receivable, net of allowance of $Nil (August 31, 2016 - $Nil)	`AccountsReceivableNetCurrent`	$3.34M	USD	Point-in-time
Accounts receivable, net of allowance of $Nil (August 31, 2016 - $Nil)	`AccountsReceivableNetCurrent`	$3.39M	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 $167,584 (August 31, 2016 - $176,717)	`InventoryNet`	$8.07M	USD	Point-in-time
Common Stock, Par Value	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Inventory, net of allowance of $167,584 (August 31, 2016 - $176,717)	`InventoryNet`	$7.69M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$862.12K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$832.89K	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
Common Stock, Shares Issued	`CommonStockSharesIssued`	2.29M	shares	Point-in-time
Prepaid income taxes	`PrepaidTaxes`	$596.00	USD	Point-in-time
Common Stock, Shares Issued	`CommonStockSharesIssued`	2.29M	shares	Point-in-time
Common Stock, Shares Outstanding	`CommonStockSharesOutstanding`	2.29M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$16.84M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$16.76M	USD	Point-in-time
Common Stock, Shares Outstanding	`CommonStockSharesOutstanding`	2.29M	shares	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$2.95M	USD	Point-in-time
Accounts Receivable allowance	`AllowanceForDoubtfulAccountsReceivableCurrent`	-	USD	Point-in-time
Accounts Receivable allowance	`AllowanceForDoubtfulAccountsReceivableCurrent`	-	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$3.13M	USD	Point-in-time
Intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$132.37K	USD	Point-in-time
Inventory allowance	`InventoryAdjustments`	$176.72K	USD	Point-in-time
Intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$150.54K	USD	Point-in-time
Inventory allowance	`InventoryAdjustments`	$167.58K	USD	Point-in-time
Total assets	`Assets`	$19.87M	USD	Point-in-time
Total assets	`Assets`	$20.10M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$618.29K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$839.97K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$1.13M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$1.47M	USD	Point-in-time
Income taxes payable	`TaxesPayableCurrent`	$310.97K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.31M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.06M	USD	Point-in-time
Deferred tax liability	`DeferredTaxLiabilities`	$31.35K	USD	Point-in-time
Deferred tax liability	`DeferredTaxLiabilities`	$28.19K	USD	Point-in-time
Total liabilities	`Liabilities`	$2.35M	USD	Point-in-time
Total liabilities	`Liabilities`	$2.09M	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 2,286,294 common shares (August 31, 2016 - 2,286,294)	`CommonStockValue`	$1.08M	USD	Point-in-time
Capital stock. Authorized 21,567,564 common shares, without par value 10,000,000 preferred shares, without par value. Issued 2,286,294 common shares (August 31, 2016 - 2,286,294)	`CommonStockValue`	$1.08M	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`	$16.33M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$15.85M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$18.01M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$17.52M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$19.87M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$20.10M	USD	Point-in-time

Income Statement 34 line items

Line Item	Tag	Value	Unit	Period
SALES	`SalesRevenueNet`	$11.94M	USD	1 Quarter
SALES	`SalesRevenueNet`	$10.42M	USD	1 Quarter
COST OF SALES	`CostOfGoodsSold`	$9.56M	USD	1 Quarter
COST OF SALES	`CostOfGoodsSold`	$8.03M	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$2.38M	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$2.39M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$542.79K	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$551.05K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$68.64K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$75.51K	USD	1 Quarter
Wages and employee benefits	`LaborAndRelatedExpense`	$876.35K	USD	1 Quarter
Wages and employee benefits	`LaborAndRelatedExpense`	$982.25K	USD	1 Quarter
Total operation expenses	`OperatingExpenses`	$1.49M	USD	1 Quarter
Total operation expenses	`OperatingExpenses`	$1.60M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$792.50K	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$885.20K	USD	1 Quarter
Interest and other income	`InterestAndOtherIncome`	$1.82K	USD	1 Quarter
Interest and other income	`InterestAndOtherIncome`	$8.73K	USD	1 Quarter
Total other item	`OtherIncome`	$8.73K	USD	1 Quarter
Total other item	`OtherIncome`	$1.82K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$794.33K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$893.94K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$-308.40K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$-361.69K	USD	1 Quarter
Net income	`NetIncomeLoss`	$485.92K	USD	1 Quarter
Net income	`NetIncomeLoss`	$532.25K	USD	1 Quarter
Basic earnings per common share	`EarningsPerShareBasic`	$0.21	USD	1 Quarter
Basic earnings per common share	`EarningsPerShareBasic`	$0.21	USD	1 Quarter
Diluted earnings per common share	`EarningsPerShareDiluted`	$0.21	USD	1 Quarter
Diluted earnings per common share	`EarningsPerShareDiluted`	$0.21	USD	1 Quarter
Weighted average number of common shares outstanding: Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	2.29M	shares	1 Quarter
Weighted average number of common shares outstanding: Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	2.48M	shares	1 Quarter
Weighted average number of common shares outstanding: Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	2.29M	shares	1 Quarter
Weighted average number of common shares outstanding: Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	2.48M	shares	1 Quarter

Cash Flow Statement 33 line items

Line Item	Tag	Value	Unit	Period
Depreciation and amortization	`DepreciationAndAmortization`	$68.64K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$75.51K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$12.80K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-3.17K	USD	1 Quarter
Interest income on litigation	`InterestIncomeOther`	$-6.66K	USD	1 Quarter
Increase in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-631.58K	USD	1 Quarter
Increase in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-44.19K	USD	1 Quarter
Decrease in inventory	`IncreaseDecreaseInInventories`	$380.41K	USD	1 Quarter
Decrease in inventory	`IncreaseDecreaseInInventories`	$189.33K	USD	1 Quarter
Decrease in note receivable	`IncreaseDecreaseInNotesReceivables`	$950.00	USD	1 Quarter
Decrease in prepaid income taxes	`IncreaseDecreaseInIncomeTaxes`	$596.00	USD	1 Quarter
Decrease in prepaid income taxes	`IncreaseDecreaseInIncomeTaxes`	$26.57K	USD	1 Quarter
(Increase) in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-29.22K	USD	1 Quarter
(Increase) in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-333.01K	USD	1 Quarter
(Decrease) increase in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-564.90K	USD	1 Quarter
(Decrease) increase in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$88.69K	USD	1 Quarter
Increase in income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$310.97K	USD	1 Quarter
Net cash provided by (used by) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$605.06K	USD	1 Quarter
Net cash provided by (used by) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-45.15K	USD	1 Quarter
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$-10.53K	USD	1 Quarter
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$-225.62K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-10.53K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-225.62K	USD	1 Quarter
Net increase (decrease) in cash	`CashPeriodIncreaseDecrease`	$379.44K	USD	1 Quarter
Net increase (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`	$4.90M	USD	Point-in-time
Cash, beginning of period	`Cash`	$4.52M	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`	$4.90M	USD	Point-in-time
Cash, end of period	`Cash`	$4.52M	USD	Point-in-time
Cash, end of period	`Cash`	$4.42M	USD	Point-in-time

Stockholders Equity 9 line items

Line Item	Tag	Value	Unit	Period
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$18.01M	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$17.52M	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$17.52M	USD	Point-in-time
Shares repurchased and cancelled, value	`StockRepurchasedAndRetiredDuringPeriodValue`	$-2.12M	USD	Annual
Net income	`ProfitLoss`	$485.92K	USD	1 Quarter
Net income	`ProfitLoss`	$2.13M	USD	Annual
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$18.01M	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$17.52M	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$17.52M	USD	Point-in-time

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