10-Q Filing

JEWETT CAMERON TRADING CO LTD CIK: 885307 Q3 2018

Filing Information

Form Type	10-Q
Accession Number	`0001217160-18-000116`
Period End Date	20180531
Filing Date	20180711
Fiscal Year	2018
Fiscal Period	Q3
XBRL Instance	jctcf-20180531.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 61 Income Statement 70 Cash Flow Statement 42 Stockholders Equity 14

Balance Sheet 61 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`	$4.52M	USD	Point-in-time
Preferred Stock, Shares Issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash	`Cash`	$6.25M	USD	Point-in-time
Cash	`Cash`	$4.87M	USD	Point-in-time
Preferred Stock, Shares Issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash	`Cash`	$5.91M	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`	$3.57M	USD	Point-in-time
Accounts receivable, net of allowance of $Nil (August 31, 2017 - $1,725)	`AccountsReceivableNet`	$7.09M	USD	Point-in-time
Inventory, net of allowance of $117,906 (August 31, 2017 - $156,713)	`InventoryNet`	$8.81M	USD	Point-in-time
Inventory, net of allowance of $117,906 (August 31, 2017 - $156,713)	`InventoryNet`	$7.71M	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`	$775.92K	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`	4.47M	shares	Point-in-time
Common Stock, Shares Issued	`CommonStockSharesIssued`	4.47M	shares	Point-in-time
Prepaid income taxes	`PrepaidTaxes`	$114.41K	USD	Point-in-time
Common Stock, Shares Outstanding	`CommonStockSharesOutstanding`	4.47M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$18.88M	USD	Point-in-time
Common Stock, Shares Outstanding	`CommonStockSharesOutstanding`	4.47M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$21.95M	USD	Point-in-time
Accounts Receivable allowance	`AllowanceForDoubtfulAccountsReceivableCurrent`	$1.73K	USD	Point-in-time
Accounts Receivable allowance	`AllowanceForDoubtfulAccountsReceivableCurrent`	-	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$3.22M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$3.10M	USD	Point-in-time
Intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$3.73K	USD	Point-in-time
Intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$77.84K	USD	Point-in-time
Inventory allowance	`InventoryAdjustments`	$117.91K	USD	Point-in-time
Inventory allowance	`InventoryAdjustments`	$156.71K	USD	Point-in-time
Total assets	`Assets`	$25.05M	USD	Point-in-time
Total assets	`Assets`	$22.18M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$638.13K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.22M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$1.81M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$1.84M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$3.05M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.45M	USD	Point-in-time
Deferred tax liability	`DeferredTaxLiabilities`	$52.78K	USD	Point-in-time
Deferred tax liability	`DeferredTaxLiabilities`	$11.34K	USD	Point-in-time
Total liabilities	`Liabilities`	$2.46M	USD	Point-in-time
Total liabilities	`Liabilities`	$3.11M	USD	Point-in-time
Capital Stock Authorized 10,000,000 preferred shares, without par value	`PreferredStockValue`	-	USD	Point-in-time
Capital Stock Authorized 10,000,000 preferred shares, without par value	`PreferredStockValue`	-	USD	Point-in-time
Capital Stock Authorized 21,567,564 common shares, without par value Issued 4,468,988 common shares (August 31, 2017 - 4,468,988)	`CommonStockValue`	$1.05M	USD	Point-in-time
Capital Stock Authorized 21,567,564 common shares, without par value Issued 4,468,988 common shares (August 31, 2017 - 4,468,988)	`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`	$20.29M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$18.07M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$19.72M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$21.94M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$22.18M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$25.05M	USD	Point-in-time

Income Statement 70 line items

Line Item	Tag	Value	Unit	Period
SALES	`SalesRevenueNet`	$36.64M	USD	3 Qtrs
SALES	`SalesRevenueNet`	$42.69M	USD	3 Qtrs
SALES	`SalesRevenueNet`	$19.93M	USD	1 Quarter
SALES	`SalesRevenueNet`	$16.72M	USD	1 Quarter
COST OF SALES	`CostOfGoodsSold`	$33.88M	USD	3 Qtrs
COST OF SALES	`CostOfGoodsSold`	$15.94M	USD	1 Quarter
COST OF SALES	`CostOfGoodsSold`	$28.30M	USD	3 Qtrs
COST OF SALES	`CostOfGoodsSold`	$12.91M	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$8.81M	USD	3 Qtrs
GROSS PROFIT	`GrossProfit`	$8.34M	USD	3 Qtrs
GROSS PROFIT	`GrossProfit`	$3.81M	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$3.99M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$466.01K	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$596.83K	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$1.47M	USD	3 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$1.66M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$84.69K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$222.70K	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$266.97K	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$71.56K	USD	1 Quarter
Wages and employee benefits	`LaborAndRelatedExpense`	$1.24M	USD	1 Quarter
Wages and employee benefits	`LaborAndRelatedExpense`	$3.28M	USD	3 Qtrs
Wages and employee benefits	`LaborAndRelatedExpense`	$1.31M	USD	1 Quarter
Wages and employee benefits	`LaborAndRelatedExpense`	$3.59M	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$-5.51M	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$-1.98M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$-1.79M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$-4.97M	USD	3 Qtrs
Income from operations	`OperatingIncomeLoss`	$2.01M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$3.36M	USD	3 Qtrs
Income from operations	`OperatingIncomeLoss`	$3.30M	USD	3 Qtrs
Income from operations	`OperatingIncomeLoss`	$2.02M	USD	1 Quarter
Loss on sale of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-393.00	USD	3 Qtrs
Loss on sale of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-27.02K	USD	3 Qtrs
Interest and other income	`InterestAndOtherIncome`	$6.22K	USD	3 Qtrs
Interest and other income	`InterestAndOtherIncome`	$8.16K	USD	1 Quarter
Interest and other income	`InterestAndOtherIncome`	$2.40K	USD	1 Quarter
Interest and other income	`InterestAndOtherIncome`	$16.64K	USD	3 Qtrs
Total Other Items	`OtherIncome`	$-10.38K	USD	3 Qtrs
Total Other Items	`OtherIncome`	$5.83K	USD	3 Qtrs
Total Other Items	`OtherIncome`	$8.16K	USD	1 Quarter
Total Other Items	`OtherIncome`	$2.40K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$3.37M	USD	3 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$2.03M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$3.29M	USD	3 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$2.02M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$-819.50K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$-1.07M	USD	3 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$-627.79K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$-1.37M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$2.22M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$1.21M	USD	1 Quarter
Net income	`NetIncomeLoss`	$2.00M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$1.39M	USD	1 Quarter
Basic earnings per common share	`EarningsPerShareBasic`	$0.44	USD	3 Qtrs
Basic earnings per common share	`EarningsPerShareBasic`	$0.31	USD	1 Quarter
Basic earnings per common share	`EarningsPerShareBasic`	$0.26	USD	1 Quarter
Basic earnings per common share	`EarningsPerShareBasic`	$0.50	USD	3 Qtrs
Diluted earnings per common share	`EarningsPerShareDiluted`	$0.26	USD	1 Quarter
Diluted earnings per common share	`EarningsPerShareDiluted`	$0.31	USD	1 Quarter
Diluted earnings per common share	`EarningsPerShareDiluted`	$0.50	USD	3 Qtrs
Diluted earnings per common share	`EarningsPerShareDiluted`	$0.44	USD	3 Qtrs
Weighted average number of common shares outstanding: Basic	`WeightedAverageNumberOfSharesIssuedBasic`	4.47M	shares	1 Quarter
Weighted average number of common shares outstanding: Basic	`WeightedAverageNumberOfSharesIssuedBasic`	4.57M	shares	3 Qtrs
Weighted average number of common shares outstanding: Basic	`WeightedAverageNumberOfSharesIssuedBasic`	4.47M	shares	3 Qtrs
Weighted average number of common shares outstanding: Basic	`WeightedAverageNumberOfSharesIssuedBasic`	4.57M	shares	1 Quarter
Weighted average number of common shares outstanding: Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	4.47M	shares	1 Quarter
Weighted average number of common shares outstanding: Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	4.57M	shares	1 Quarter
Weighted average number of common shares outstanding: Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	4.47M	shares	3 Qtrs
Weighted average number of common shares outstanding: Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	4.57M	shares	3 Qtrs

Cash Flow Statement 42 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$2.73M	USD	Annual
Net income	`ProfitLoss`	$2.00M	USD	3 Qtrs
Net income	`ProfitLoss`	$1.21M	USD	1 Quarter
Net income	`ProfitLoss`	$2.22M	USD	3 Qtrs
Net income	`ProfitLoss`	$1.39M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$84.69K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$222.70K	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$266.97K	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$71.56K	USD	1 Quarter
Loss on sale of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-393.00	USD	3 Qtrs
Loss on sale of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-27.02K	USD	3 Qtrs
Deferred income tax expense	`DeferredIncomeTaxExpenseBenefit`	$2.16K	USD	3 Qtrs
Deferred income tax expense	`DeferredIncomeTaxExpenseBenefit`	$41.44K	USD	3 Qtrs
(Increase) in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-3.53M	USD	3 Qtrs
(Increase) in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-2.19M	USD	3 Qtrs
Decrease in inventory	`IncreaseDecreaseInInventories`	$15.35K	USD	3 Qtrs
Decrease in inventory	`IncreaseDecreaseInInventories`	$1.09M	USD	3 Qtrs
(Increase) decrease in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$60.09K	USD	3 Qtrs
(Increase) decrease in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-180.14K	USD	3 Qtrs
(Increase) decrease in prepaid income taxes	`IncreaseDecreaseInPrepaidTaxes`	$-114.41K	USD	3 Qtrs
(Increase) decrease in prepaid income taxes	`IncreaseDecreaseInPrepaidTaxes`	$596.00	USD	3 Qtrs
Increase in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$287.93K	USD	3 Qtrs
Increase in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$609.31K	USD	3 Qtrs
Increase in income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$317.07K	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$437.19K	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$717.03K	USD	3 Qtrs
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$-368.37K	USD	3 Qtrs
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$-99.44K	USD	3 Qtrs
Proceeds from sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$3.48K	USD	3 Qtrs
Proceeds from sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$1.00K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-98.44K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-364.88K	USD	3 Qtrs
Net increase in cash	`CashPeriodIncreaseDecrease`	$338.75K	USD	3 Qtrs
Net increase in cash	`CashPeriodIncreaseDecrease`	$352.15K	USD	3 Qtrs
Cash, beginning of period	`Cash`	$4.52M	USD	Point-in-time
Cash, beginning of period	`Cash`	$6.25M	USD	Point-in-time
Cash, beginning of period	`Cash`	$4.87M	USD	Point-in-time
Cash, beginning of period	`Cash`	$5.91M	USD	Point-in-time
Cash, end of period	`Cash`	$4.52M	USD	Point-in-time
Cash, end of period	`Cash`	$6.25M	USD	Point-in-time
Cash, end of period	`Cash`	$4.87M	USD	Point-in-time
Cash, end of period	`Cash`	$5.91M	USD	Point-in-time

Stockholders Equity 14 line items

Line Item	Tag	Value	Unit	Period
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$17.52M	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$19.72M	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$21.94M	USD	Point-in-time
Shares repurchased and cancelled, value	`StockRepurchasedAndRetiredDuringPeriodValue`	$-526.94K	USD	Annual
Shares repurchased and cancelled, shares	`StockRepurchasedAndRetiredDuringPeriodShares`	-	shares	Annual
Shares repurchased and cancelled, shares	`StockRepurchasedAndRetiredDuringPeriodShares`	41,800.00	shares	1 Quarter
Net income	`ProfitLoss`	$2.73M	USD	Annual
Net income	`ProfitLoss`	$2.00M	USD	3 Qtrs
Net income	`ProfitLoss`	$1.21M	USD	1 Quarter
Net income	`ProfitLoss`	$2.22M	USD	3 Qtrs
Net income	`ProfitLoss`	$1.39M	USD	1 Quarter
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$17.52M	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$19.72M	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$21.94M	USD	Point-in-time

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