10-K Filing

JEWETT CAMERON TRADING CO LTD CIK: 885307 FY 2018

Filing Information

Form Type	10-K
Accession Number	`0001217160-18-000158`
Period End Date	20180831
Filing Date	20181115
Fiscal Year	2018
Fiscal Period	FY
XBRL Instance	jctcf-20180831.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 59 Income Statement 38 Cash Flow Statement 39 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 and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.52M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.91M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$6.10M	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
Accounts receivable, net of allowance of $Nil (August 31, 2017 - $1,725)	`AccountsReceivableNet`	$4.15M	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 $75,336 (August 31, 2017 - $156,713)	`InventoryNet`	$8.81M	USD	Point-in-time
Common Stock, Par Value	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Inventory, net of allowance of $75,336 (August 31, 2017 - $156,713)	`InventoryNet`	$9.80M	USD	Point-in-time
Note receivable	`NotesReceivableNet`	$4.00K	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
Prepaid expenses	`PrepaidExpenseCurrent`	$595.78K	USD	Point-in-time
Common Stock, Shares Issued	`CommonStockSharesIssued`	4.31M	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$347.25K	USD	Point-in-time
Common Stock, Shares Outstanding	`CommonStockSharesOutstanding`	4.47M	shares	Point-in-time
Common Stock, Shares Outstanding	`CommonStockSharesOutstanding`	4.31M	shares	Point-in-time
Prepaid income taxes	`PrepaidTaxes`	$114.31K	USD	Point-in-time
Accounts Receivable allowance	`AllowanceForDoubtfulAccountsReceivableCurrent`	-	USD	Point-in-time
Total current assets	`AssetsCurrent`	$20.52M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$18.88M	USD	Point-in-time
Accounts Receivable allowance	`AllowanceForDoubtfulAccountsReceivableCurrent`	$1.73K	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$3.22M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$3.11M	USD	Point-in-time
Inventory allowance	`InventoryAdjustments`	$75.34K	USD	Point-in-time
Inventory allowance	`InventoryAdjustments`	$156.71K	USD	Point-in-time
Intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$77.84K	USD	Point-in-time
Intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$3.59K	USD	Point-in-time
Total assets	`Assets`	$23.63M	USD	Point-in-time
Total assets	`Assets`	$22.18M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$377.09K	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`	$1.80M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.17M	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`	$81.85K	USD	Point-in-time
Total liabilities	`Liabilities`	$2.46M	USD	Point-in-time
Total liabilities	`Liabilities`	$2.25M	USD	Point-in-time
Capital stock Authorized, 21,567,564 common shares, without par value, 10,000,000 preferred shares, without par value. Issued , 4,314,659 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, 10,000,000 preferred shares, without par value. Issued , 4,314,659 common shares (August 31, 2017 - 4,468,988)	`CommonStockValue`	$1.02M	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`	$19.75M	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`	$21.37M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$22.18M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$23.63M	USD	Point-in-time

Income Statement 38 line items

Line Item	Tag	Value	Unit	Period
SALES	`Revenues`	$47.70M	USD	Annual
SALES	`Revenues`	$53.92M	USD	Annual
COST OF SALES	`CostOfRevenue`	$42.33M	USD	Annual
COST OF SALES	`CostOfRevenue`	$36.62M	USD	Annual
GROSS PROFIT	`GrossProfit`	$11.08M	USD	Annual
GROSS PROFIT	`GrossProfit`	$11.60M	USD	Annual
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$2.10M	USD	Annual
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$2.02M	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$275.21K	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$274.06K	USD	Annual
Wages and employee benefits	`LaborAndRelatedExpense`	$4.35M	USD	Annual
Wages and employee benefits	`LaborAndRelatedExpense`	$4.94M	USD	Annual
Total operating expenses	`OperatingExpenses`	$6.64M	USD	Annual
Total operating expenses	`OperatingExpenses`	$7.32M	USD	Annual
Income from operations	`OperatingIncomeLoss`	$4.28M	USD	Annual
Income from operations	`OperatingIncomeLoss`	$4.44M	USD	Annual
(Loss) on sale of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-27.02K	USD	Annual
(Loss) on sale of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-394.00	USD	Annual
Interest and other income	`InterestAndOtherIncome`	$27.89K	USD	Annual
Interest and other income	`InterestAndOtherIncome`	$30.03K	USD	Annual
Total other items	`OtherIncome`	$27.50K	USD	Annual
Total other items	`OtherIncome`	$3.00K	USD	Annual
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$4.47M	USD	Annual
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$4.28M	USD	Annual
Current	`IncomeTaxExpenseBenefit`	$1.76M	USD	Annual
Current	`IncomeTaxExpenseBenefit`	$1.29M	USD	Annual
Deferred (recovery)	`DeferredIncomeTaxExpenseBenefit`	$70.51K	USD	Annual
Deferred (recovery)	`DeferredIncomeTaxExpenseBenefit`	$-20.01K	USD	Annual
Net income for the year	`NetIncomeLoss`	$2.73M	USD	Annual
Net income for the year	`NetIncomeLoss`	$2.92M	USD	Annual
Basic earnings per common share	`EarningsPerShareBasic`	$0.66	USD	Annual
Basic earnings per common share	`EarningsPerShareBasic`	$0.60	USD	Annual
Diluted earnings per common share	`EarningsPerShareDiluted`	$0.60	USD	Annual
Diluted earnings per common share	`EarningsPerShareDiluted`	$0.66	USD	Annual
Weighted average number of common shares outstanding: Basic	`WeightedAverageNumberOfSharesIssuedBasic`	4.55M	shares	Annual
Weighted average number of common shares outstanding: Basic	`WeightedAverageNumberOfSharesIssuedBasic`	4.43M	shares	Annual
Weighted average number of common shares outstanding: Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	4.43M	shares	Annual
Weighted average number of common shares outstanding: Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	4.55M	shares	Annual

Cash Flow Statement 39 line items

Line Item	Tag	Value	Unit	Period
Net income for the year	`NetIncomeLoss`	$2.73M	USD	Annual
Net income for the year	`NetIncomeLoss`	$2.92M	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$275.21K	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$274.06K	USD	Annual
Loss on sale of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-27.02K	USD	Annual
Loss on sale of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-394.00	USD	Annual
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$70.51K	USD	Annual
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-20.01K	USD	Annual
(Increase) in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-222.85K	USD	Annual
(Increase) in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-587.44K	USD	Annual
(Increase) in note receivable	`IncreaseDecreaseInNotesReceivables`	$-4.00K	USD	Annual
(Increase) in inventory	`IncreaseDecreaseInInventories`	$-738.53K	USD	Annual
(Increase) in inventory	`IncreaseDecreaseInInventories`	$-995.65K	USD	Annual
Decrease in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$237.12K	USD	Annual
Decrease in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$248.53K	USD	Annual
(Increase) decrease in prepaid income taxes	`IncreaseDecreaseInPrepaidTaxes`	$596.00	USD	Annual
(Increase) decrease in prepaid income taxes	`IncreaseDecreaseInPrepaidTaxes`	$-114.31K	USD	Annual
(Decrease) increase in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$131.56K	USD	Annual
(Decrease) increase in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-273.02K	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$1.57M	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$2.39M	USD	Annual
Proceeds on sale of property, plant and equipment	`ProceedsFromSaleOfOtherAssets1`	$3.48K	USD	Annual
Proceeds on sale of property, plant and equipment	`ProceedsFromSaleOfOtherAssets1`	$1.00K	USD	Annual
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$-110.53K	USD	Annual
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$-474.36K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-109.53K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-470.88K	USD	Annual
Redemption of common stock	`RedemptionOfCommonStock`	$-526.94K	USD	Annual
Redemption of common stock	`RedemptionOfCommonStock`	$-1.27M	USD	Annual
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-1.27M	USD	Annual
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-526.94K	USD	Annual
Net increase in cash	`CashPeriodIncreaseDecrease`	$185.21K	USD	Annual
Net increase in cash	`CashPeriodIncreaseDecrease`	$1.39M	USD	Annual
Cash, beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$4.52M	USD	Point-in-time
Cash, beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$5.91M	USD	Point-in-time
Cash, beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$6.10M	USD	Point-in-time
Cash, end of year	`CashAndCashEquivalentsAtCarryingValue`	$4.52M	USD	Point-in-time
Cash, end of year	`CashAndCashEquivalentsAtCarryingValue`	$5.91M	USD	Point-in-time
Cash, end of year	`CashAndCashEquivalentsAtCarryingValue`	$6.10M	USD	Point-in-time

Stockholders Equity 12 line items

Line Item	Tag	Value	Unit	Period
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$21.37M	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$19.72M	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$17.52M	USD	Point-in-time
Shares repurchased and cancelled, value	`StockRepurchasedAndRetiredDuringPeriodValue`	$-526.94K	USD	Annual
Shares repurchased and cancelled, value	`StockRepurchasedAndRetiredDuringPeriodValue`	$-1.27M	USD	Annual
Shares repurchased and cancelled, shares	`StockRepurchasedAndRetiredDuringPeriodShares`	83,600.00	shares	Annual
Shares repurchased and cancelled, shares	`StockRepurchasedAndRetiredDuringPeriodShares`	154,329.00	shares	Annual
Net income	`ProfitLoss`	$2.92M	USD	Annual
Net income	`ProfitLoss`	$2.73M	USD	Annual
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$21.37M	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$19.72M	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.