10-Q Filing

JEWETT CAMERON TRADING CO LTD CIK: 885307 Q2 2018

Filing Information

Form Type	10-Q
Accession Number	`0001217160-18-000065`
Period End Date	20180228
Filing Date	20180416
Fiscal Year	2018
Fiscal Period	Q2
XBRL Instance	jctcf-20180228.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 59 Income Statement 73 Cash Flow Statement 43 Stockholders Equity 13

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
Cash	`Cash`	$2.02M	USD	Point-in-time
Cash	`Cash`	$4.52M	USD	Point-in-time
Preferred Stock, Shares Issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash	`Cash`	$5.91M	USD	Point-in-time
Cash	`Cash`	$2.79M	USD	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
Preferred Stock, Shares Outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Accounts receivable, net of allowance of $Nil (August 31, 2017 - $1,725)	`AccountsReceivableNet`	$6.06M	USD	Point-in-time
Inventory, net of allowance of $139,704 (August 31, 2017 - $156,713)	`InventoryNet`	$9.29M	USD	Point-in-time
Inventory, net of allowance of $139,704 (August 31, 2017 - $156,713)	`InventoryNet`	$8.81M	USD	Point-in-time
Common Stock, Par Value	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Common Stock, Par Value	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$883.20K	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 Authorized	`CommonStockSharesAuthorized`	21.57M	shares	Point-in-time
Common Stock, Shares Issued	`CommonStockSharesIssued`	2.23M	shares	Point-in-time
Prepaid income taxes	`PrepaidTaxes`	$469.58K	USD	Point-in-time
Common Stock, Shares Issued	`CommonStockSharesIssued`	2.23M	shares	Point-in-time
Common Stock, Shares Outstanding	`CommonStockSharesOutstanding`	2.23M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$18.88M	USD	Point-in-time
Common Stock, Shares Outstanding	`CommonStockSharesOutstanding`	2.23M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$19.50M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$3.14M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$3.22M	USD	Point-in-time
Accounts Receivable allowance	`AllowanceForDoubtfulAccountsReceivableCurrent`	-	USD	Point-in-time
Accounts Receivable allowance	`AllowanceForDoubtfulAccountsReceivableCurrent`	$1.73K	USD	Point-in-time
Inventory allowance	`InventoryAdjustments`	$139.70K	USD	Point-in-time
Intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$77.84K	USD	Point-in-time
Inventory allowance	`InventoryAdjustments`	$156.71K	USD	Point-in-time
Intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$3.86K	USD	Point-in-time
Total assets	`Assets`	$22.18M	USD	Point-in-time
Total assets	`Assets`	$22.64M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$638.13K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$782.87K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$1.81M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$1.27M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.05M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.45M	USD	Point-in-time
Deferred tax liability	`DeferredTaxLiabilities`	$11.34K	USD	Point-in-time
Deferred tax liability	`DeferredTaxLiabilities`	$37.03K	USD	Point-in-time
Total liabilities	`Liabilities`	$2.09M	USD	Point-in-time
Total liabilities	`Liabilities`	$2.46M	USD	Point-in-time
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
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`	$18.90M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$19.72M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$20.56M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$22.64M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$22.18M	USD	Point-in-time

Income Statement 73 line items

Line Item	Tag	Value	Unit	Period
SALES	`SalesRevenueNet`	$22.76M	USD	2 Qtrs
SALES	`SalesRevenueNet`	$13.34M	USD	1 Quarter
SALES	`SalesRevenueNet`	$9.50M	USD	1 Quarter
SALES	`SalesRevenueNet`	$19.92M	USD	2 Qtrs
COST OF SALES	`CostOfGoodsSold`	$10.71M	USD	1 Quarter
COST OF SALES	`CostOfGoodsSold`	$7.37M	USD	1 Quarter
COST OF SALES	`CostOfGoodsSold`	$15.40M	USD	2 Qtrs
COST OF SALES	`CostOfGoodsSold`	$17.93M	USD	2 Qtrs
GROSS PROFIT	`GrossProfit`	$4.52M	USD	2 Qtrs
GROSS PROFIT	`GrossProfit`	$4.82M	USD	2 Qtrs
GROSS PROFIT	`GrossProfit`	$2.13M	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$2.64M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$616.07K	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$1.00M	USD	2 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$453.67K	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$1.06M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$122.75K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$195.41K	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$69.37K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$138.01K	USD	2 Qtrs
Wages and employee benefits	`LaborAndRelatedExpense`	$2.27M	USD	2 Qtrs
Wages and employee benefits	`LaborAndRelatedExpense`	$2.04M	USD	2 Qtrs
Wages and employee benefits	`LaborAndRelatedExpense`	$1.06M	USD	1 Quarter
Wages and employee benefits	`LaborAndRelatedExpense`	$1.18M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$3.53M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$1.92M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$1.58M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$3.18M	USD	2 Qtrs
Income from operations	`OperatingIncomeLoss`	$548.23K	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$1.29M	USD	2 Qtrs
Income from operations	`OperatingIncomeLoss`	$720.24K	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$1.34M	USD	2 Qtrs
(Loss) gain on sale of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-27.02K	USD	2 Qtrs
(Loss) gain on sale of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-393.00	USD	2 Qtrs
(Loss) gain on sale of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$530.00	USD	1 Quarter
(Loss) gain on sale of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-393.00	USD	1 Quarter
Interest and other income	`InterestAndOtherIncome`	$3.82K	USD	2 Qtrs
Interest and other income	`InterestAndOtherIncome`	$8.48K	USD	2 Qtrs
Interest and other income	`InterestAndOtherIncome`	$2.00K	USD	1 Quarter
Interest and other income	`InterestAndOtherIncome`	$5.79K	USD	1 Quarter
Total other items	`OtherIncome`	$-18.54K	USD	2 Qtrs
Total other items	`OtherIncome`	$3.43K	USD	2 Qtrs
Total other items	`OtherIncome`	$1.61K	USD	1 Quarter
Total other items	`OtherIncome`	$6.32K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$726.57K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$1.34M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$1.27M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$549.84K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$-549.23K	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$-218.27K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$-441.28K	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$-240.83K	USD	1 Quarter
Net income	`ProfitLoss`	$508.30K	USD	1 Quarter
Net income	`ProfitLoss`	$309.01K	USD	1 Quarter
Net income	`ProfitLoss`	$2.73M	USD	Annual
Net income	`ProfitLoss`	$830.73K	USD	2 Qtrs
Net income	`ProfitLoss`	$794.93K	USD	2 Qtrs
Basic earnings per common share	`EarningsPerShareBasic`	$0.14	USD	1 Quarter
Basic earnings per common share	`EarningsPerShareBasic`	$0.37	USD	2 Qtrs
Basic earnings per common share	`EarningsPerShareBasic`	$0.23	USD	1 Quarter
Basic earnings per common share	`EarningsPerShareBasic`	$0.35	USD	2 Qtrs
Diluted earnings per common share	`EarningsPerShareDiluted`	$0.23	USD	1 Quarter
Diluted earnings per common share	`EarningsPerShareDiluted`	$0.14	USD	1 Quarter
Diluted earnings per common share	`EarningsPerShareDiluted`	$0.37	USD	2 Qtrs
Diluted earnings per common share	`EarningsPerShareDiluted`	$0.35	USD	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	2.23M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	2.23M	shares	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	2.29M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	2.29M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	2.29M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	2.29M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	2.23M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	2.23M	shares	1 Quarter

Cash Flow Statement 43 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$508.30K	USD	1 Quarter
Net income	`ProfitLoss`	$309.01K	USD	1 Quarter
Net income	`ProfitLoss`	$2.73M	USD	Annual
Net income	`ProfitLoss`	$830.73K	USD	2 Qtrs
Net income	`ProfitLoss`	$794.93K	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$122.75K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$195.41K	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$69.37K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$138.01K	USD	2 Qtrs
Loss on sale of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-27.02K	USD	2 Qtrs
Loss on sale of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-393.00	USD	2 Qtrs
Loss on sale of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$530.00	USD	1 Quarter
Loss on sale of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-393.00	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$25.69K	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$4.54K	USD	2 Qtrs
(Increase) in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-1.21M	USD	2 Qtrs
(Increase) in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-2.50M	USD	2 Qtrs
(Increase) in inventory	`IncreaseDecreaseInInventories`	$-817.23K	USD	2 Qtrs
(Increase) in inventory	`IncreaseDecreaseInInventories`	$-481.65K	USD	2 Qtrs
(Increase) decrease in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-287.43K	USD	2 Qtrs
(Increase) decrease in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$25.20K	USD	2 Qtrs
(Increase) in prepaid income taxes	`IncreaseDecreaseInPrepaidTaxes`	$-148.89K	USD	2 Qtrs
(Increase) in prepaid income taxes	`IncreaseDecreaseInPrepaidTaxes`	$-469.58K	USD	2 Qtrs
(Decrease) in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-961.28K	USD	2 Qtrs
(Decrease) in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-396.84K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-2.17M	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-3.06M	USD	2 Qtrs
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$-335.01K	USD	2 Qtrs
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$-66.04K	USD	2 Qtrs
Proceeds from sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$1.00K	USD	2 Qtrs
Proceeds from sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$3.48K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-331.53K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-65.04K	USD	2 Qtrs
Net decrease in cash	`CashPeriodIncreaseDecrease`	$-3.12M	USD	2 Qtrs
Net decrease in cash	`CashPeriodIncreaseDecrease`	$-2.50M	USD	2 Qtrs
Cash, beginning of period	`Cash`	$2.02M	USD	Point-in-time
Cash, beginning of period	`Cash`	$4.52M	USD	Point-in-time
Cash, beginning of period	`Cash`	$5.91M	USD	Point-in-time
Cash, beginning of period	`Cash`	$2.79M	USD	Point-in-time
Cash, end of period	`Cash`	$2.02M	USD	Point-in-time
Cash, end of period	`Cash`	$4.52M	USD	Point-in-time
Cash, end of period	`Cash`	$5.91M	USD	Point-in-time
Cash, end of period	`Cash`	$2.79M	USD	Point-in-time

Stockholders Equity 13 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`	$20.56M	USD	Point-in-time
Shares repurchased and cancelled, value	`StockRepurchasedAndRetiredDuringPeriodValue`	$-526.94K	USD	Annual
Shares repurchased and cancelled, shares	`StockRepurchasedAndRetiredDuringPeriodShares`	41,800.00	shares	Annual
Net income	`ProfitLoss`	$508.30K	USD	1 Quarter
Net income	`ProfitLoss`	$309.01K	USD	1 Quarter
Net income	`ProfitLoss`	$2.73M	USD	Annual
Net income	`ProfitLoss`	$830.73K	USD	2 Qtrs
Net income	`ProfitLoss`	$794.93K	USD	2 Qtrs
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$19.72M	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$17.52M	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$20.56M	USD	Point-in-time

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