10-Q Filing

JEWETT CAMERON TRADING CO LTD CIK: 885307 Q1 2018

Filing Information

Form Type	10-Q
Accession Number	`0001217160-18-000010`
Period End Date	20171130
Filing Date	20180116
Fiscal Year	2018
Fiscal Period	Q1
XBRL Instance	jctcf-20171130.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 59 Income Statement 35 Cash Flow Statement 33 Stockholders Equity 12

Balance Sheet 59 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`	$4.90M	USD	Point-in-time
Cash	`Cash`	$4.52M	USD	Point-in-time
Cash	`Cash`	$5.56M	USD	Point-in-time
Cash	`Cash`	$5.91M	USD	Point-in-time
Accounts receivable, net of allowance of $Nil (August 31, 2017 - $1,725)	`AccountsReceivableNet`	$3.36M	USD	Point-in-time
Preferred Stock, Shares Outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Accounts receivable, net of allowance of $Nil (August 31, 2017 - $1,725)	`AccountsReceivableNet`	$3.57M	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 $186,713 (August 31, 2017 - $156,713)	`InventoryNet`	$9.12M	USD	Point-in-time
Inventory, net of allowance of $186,713 (August 31, 2017 - $156,713)	`InventoryNet`	$8.81M	USD	Point-in-time
Common Stock, Par Value	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	21.57M	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$1.04M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$595.78K	USD	Point-in-time
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	21.57M	shares	Point-in-time
Common Stock, Shares Issued	`CommonStockSharesIssued`	2.23M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$19.08M	USD	Point-in-time
Common Stock, Shares Issued	`CommonStockSharesIssued`	2.23M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$18.88M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$3.20M	USD	Point-in-time
Common Stock, Shares Outstanding	`CommonStockSharesOutstanding`	2.23M	shares	Point-in-time
Common Stock, Shares Outstanding	`CommonStockSharesOutstanding`	2.23M	shares	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$3.22M	USD	Point-in-time
Accounts Receivable allowance	`AllowanceForDoubtfulAccountsReceivableCurrent`	$1.73K	USD	Point-in-time
Intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$60.32K	USD	Point-in-time
Intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$77.84K	USD	Point-in-time
Accounts Receivable allowance	`AllowanceForDoubtfulAccountsReceivableCurrent`	-	USD	Point-in-time
Inventory allowance	`InventoryAdjustments`	$186.71K	USD	Point-in-time
Inventory allowance	`InventoryAdjustments`	$156.71K	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxAssetsNet`	$10.22K	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxAssetsNet`	-	USD	Point-in-time
Total assets	`Assets`	$22.18M	USD	Point-in-time
Total assets	`Assets`	$22.36M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$544.74K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$638.13K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$1.81M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$1.77M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.45M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.31M	USD	Point-in-time
Deferred tax liability	`DeferredTaxLiabilitiesCurrent`	$11.34K	USD	Point-in-time
Total liabilities	`Liabilities`	$2.46M	USD	Point-in-time
Total liabilities	`Liabilities`	$2.31M	USD	Point-in-time
Capital stock Authorized 21,567,564 common shares, without par value 10,000,000 preferred shares, without par value Issued 2,234,494 common shares (August 31, 2017 - 2,234,494)	`CommonStockValue`	$1.05M	USD	Point-in-time
Capital stock Authorized 21,567,564 common shares, without par value 10,000,000 preferred shares, without par value Issued 2,234,494 common shares (August 31, 2017 - 2,234,494)	`CommonStockValue`	$1.05M	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`	$18.07M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$18.39M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$19.72M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$20.05M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$22.18M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$22.36M	USD	Point-in-time

Income Statement 35 line items

Line Item	Tag	Value	Unit	Period
SALES	`SalesRevenueNet`	$9.41M	USD	1 Quarter
SALES	`SalesRevenueNet`	$10.42M	USD	1 Quarter
COST OF SALES	`CostOfGoodsSold`	$8.03M	USD	1 Quarter
COST OF SALES	`CostOfGoodsSold`	$7.23M	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$2.19M	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$2.39M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$445.88K	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`	$72.67K	USD	1 Quarter
Wages and employee benefits	`LaborAndRelatedExpense`	$982.25K	USD	1 Quarter
Wages and employee benefits	`LaborAndRelatedExpense`	$1.10M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$1.62M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$1.60M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$792.50K	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$570.30K	USD	1 Quarter
Loss on sale of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-27.55K	USD	1 Quarter
Interest and other income	`InterestAndOtherIncome`	$2.69K	USD	1 Quarter
Interest and other income	`InterestAndOtherIncome`	$1.82K	USD	1 Quarter
Total other items	`OtherIncome`	$-24.86K	USD	1 Quarter
Total other items	`OtherIncome`	$1.82K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$545.44K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$794.33K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$-308.40K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$-223.01K	USD	1 Quarter
Net income	`NetIncomeLoss`	$485.92K	USD	1 Quarter
Net income	`NetIncomeLoss`	$322.43K	USD	1 Quarter
Basic earnings per common share	`EarningsPerShareBasic`	$0.21	USD	1 Quarter
Basic earnings per common share	`EarningsPerShareBasic`	$0.14	USD	1 Quarter
Diluted earnings per common share	`EarningsPerShareDiluted`	$0.14	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`	2.23M	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`	2.23M	shares	1 Quarter

Cash Flow Statement 33 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$485.92K	USD	1 Quarter
Net income	`NetIncomeLoss`	$322.43K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$68.64K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$72.67K	USD	1 Quarter
Loss on sale of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-27.55K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-21.57K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-3.17K	USD	1 Quarter
Decrease (increase) in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$201.51K	USD	1 Quarter
Decrease (increase) in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-44.19K	USD	1 Quarter
(Increase) decrease in inventory	`IncreaseDecreaseInInventories`	$-312.59K	USD	1 Quarter
(Increase) decrease in inventory	`IncreaseDecreaseInInventories`	$380.41K	USD	1 Quarter
Decrease in prepaid income taxes	`IncreaseDecreaseInPrepaidTaxes`	$596.00	USD	1 Quarter
(Increase) in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-444.78K	USD	1 Quarter
(Increase) in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-29.22K	USD	1 Quarter
Decrease in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-564.90K	USD	1 Quarter
Decrease in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-135.51K	USD	1 Quarter
Increase in income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$310.97K	USD	1 Quarter
Net cash provided by (used by) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-290.29K	USD	1 Quarter
Net cash provided by (used by) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$605.06K	USD	1 Quarter
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$-225.62K	USD	1 Quarter
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$-61.90K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-225.62K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-61.90K	USD	1 Quarter
Net increase (decrease) in cash	`CashPeriodIncreaseDecrease`	$379.44K	USD	1 Quarter
Net increase (decrease) in cash	`CashPeriodIncreaseDecrease`	$-352.18K	USD	1 Quarter
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`	$5.56M	USD	Point-in-time
Cash, beginning of period	`Cash`	$5.91M	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`	$5.56M	USD	Point-in-time
Cash, end of period	`Cash`	$5.91M	USD	Point-in-time

Stockholders Equity 12 line items

Line Item	Tag	Value	Unit	Period
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$19.72M	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$17.52M	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$20.05M	USD	Point-in-time
Shares repurchased and cancelled, value	`StockRepurchasedAndRetiredDuringPeriodValue`	$-526.94K	USD	Annual
Shares repurchased and cancelled, shares	`StockRepurchasedAndRetiredDuringPeriodShares`	63,386.00	shares	1 Quarter
Shares repurchased and cancelled, shares	`StockRepurchasedAndRetiredDuringPeriodShares`	41,800.00	shares	Annual
Shares repurchased and cancelled, shares	`StockRepurchasedAndRetiredDuringPeriodShares`	112,152.00	shares	1 Quarter
Net income	`ProfitLoss`	$322.43K	USD	1 Quarter
Net income	`ProfitLoss`	$2.73M	USD	Annual
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$19.72M	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$17.52M	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$20.05M	USD	Point-in-time

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