10-Q Filing

JEWETT CAMERON TRADING CO LTD CIK: 885307 Q1 2019

Filing Information

Form Type	10-Q
Accession Number	`0001217160-19-000006`
Period End Date	20181130
Filing Date	20190114
Fiscal Year	2019
Fiscal Period	Q1
XBRL Instance	jctcf-20181130.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 60 Income Statement 36 Cash Flow Statement 35 Stockholders Equity 13

Balance Sheet 60 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 and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$6.10M	USD	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`	$5.43M	USD	Point-in-time
Preferred Stock, Shares Outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Accounts receivable, net of allowance of $Nil (August 31, 2018 - $Nil)	`AccountsReceivableNetCurrent`	$4.15M	USD	Point-in-time
Accounts receivable, net of allowance of $Nil (August 31, 2018 - $Nil)	`AccountsReceivableNetCurrent`	$3.73M	USD	Point-in-time
Preferred Stock, Shares Outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Inventory, net of allowance of $75,336 (August 31, 2018 - $75,336)	`InventoryNet`	$10.93M	USD	Point-in-time
Inventory, net of allowance of $75,336 (August 31, 2018 - $75,336)	`InventoryNet`	$9.80M	USD	Point-in-time
Common Stock, Par Value	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Common Stock, Par Value	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Note receivable	`NotesReceivableNet`	$2.10K	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
Note receivable	`NotesReceivableNet`	$4.00K	USD	Point-in-time
Common Stock, Shares Issued	`CommonStockSharesIssued`	4.31M	shares	Point-in-time
Common Stock, Shares Issued	`CommonStockSharesIssued`	4.22M	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$504.61K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$347.25K	USD	Point-in-time
Prepaid income taxes	`PrepaidTaxes`	$114.31K	USD	Point-in-time
Common Stock, Shares Outstanding	`CommonStockSharesOutstanding`	4.22M	shares	Point-in-time
Common Stock, Shares Outstanding	`CommonStockSharesOutstanding`	4.31M	shares	Point-in-time
Accounts Receivable allowance	`AllowanceForDoubtfulAccountsReceivableCurrent`	-	USD	Point-in-time
Total current assets	`AssetsCurrent`	$20.59M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$20.52M	USD	Point-in-time
Accounts Receivable allowance	`AllowanceForDoubtfulAccountsReceivableCurrent`	-	USD	Point-in-time
Inventory allowance	`InventoryAdjustments`	$75.34K	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
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$3.05M	USD	Point-in-time
Intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$3.59K	USD	Point-in-time
Intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$3.46K	USD	Point-in-time
Total assets	`Assets`	$23.65M	USD	Point-in-time
Total assets	`Assets`	$23.63M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.48M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$377.09K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$1.23M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$1.80M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$27.33K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.74M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.17M	USD	Point-in-time
Deferred tax liability	`DeferredTaxLiabilities`	$81.85K	USD	Point-in-time
Deferred tax liability	`DeferredTaxLiabilities`	$86.68K	USD	Point-in-time
Total liabilities	`Liabilities`	$2.82M	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 4,218,988 common shares (August 31, 2018 - 4,314,659)	`CommonStockValue`	$995.34K	USD	Point-in-time
Capital stock: Authorized 21,567,564 common shares, without par value 10,000,000 preferred shares, without par value, Issued 4,218,988 common shares (August 31, 2018 - 4,314,659)	`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`	$19.23M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$19.75M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$20.83M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$21.37M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$23.63M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$23.65M	USD	Point-in-time

Income Statement 36 line items

Line Item	Tag	Value	Unit	Period
SALES	`Revenues`	$9.41M	USD	1 Quarter
SALES	`Revenues`	$9.07M	USD	1 Quarter
COST OF SALES	`CostOfRevenue`	$6.76M	USD	1 Quarter
COST OF SALES	`CostOfRevenue`	$7.23M	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$2.31M	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$2.19M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$445.88K	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$556.15K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$72.67K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$50.87K	USD	1 Quarter
Wages and employee benefits	`LaborAndRelatedExpense`	$1.10M	USD	1 Quarter
Wages and employee benefits	`LaborAndRelatedExpense`	$1.22M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$1.62M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$1.83M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$479.01K	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`	$17.15K	USD	1 Quarter
Interest and other income	`InterestAndOtherIncome`	$2.69K	USD	1 Quarter
Total other items	`OtherIncome`	$-24.86K	USD	1 Quarter
Total other items	`OtherIncome`	$17.15K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$545.44K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$496.16K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$-146.47K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$-223.01K	USD	1 Quarter
Net income	`ProfitLoss`	$2.92M	USD	Annual
Net income	`ProfitLoss`	$349.69K	USD	1 Quarter
Net income	`ProfitLoss`	$322.43K	USD	1 Quarter
Basic earnings per common share	`EarningsPerShareBasic`	$0.08	USD	1 Quarter
Basic earnings per common share	`EarningsPerShareBasic`	$0.07	USD	1 Quarter
Diluted earnings per common share	`EarningsPerShareDiluted`	$0.08	USD	1 Quarter
Diluted earnings per common share	`EarningsPerShareDiluted`	$0.07	USD	1 Quarter
Weighted average number of common shares outstanding: Basic	`WeightedAverageNumberOfSharesIssuedBasic`	4.26M	shares	1 Quarter
Weighted average number of common shares outstanding: Basic	`WeightedAverageNumberOfSharesIssuedBasic`	4.47M	shares	1 Quarter
Weighted average number of common shares outstanding: Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	4.26M	shares	1 Quarter
Weighted average number of common shares outstanding: Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	4.47M	shares	1 Quarter

Cash Flow Statement 35 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$2.92M	USD	Annual
Net income	`ProfitLoss`	$349.69K	USD	1 Quarter
Net income	`ProfitLoss`	$322.43K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$72.67K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$50.87K	USD	1 Quarter
Loss on sale of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-27.55K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$4.83K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-21.57K	USD	1 Quarter
Decrease (increase) in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$201.51K	USD	1 Quarter
Decrease (increase) in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$417.94K	USD	1 Quarter
(Increase) decrease in inventory	`IncreaseDecreaseInInventories`	$-1.12M	USD	1 Quarter
(Increase) decrease in inventory	`IncreaseDecreaseInInventories`	$-312.59K	USD	1 Quarter
Decrease in note receivable	`IncreaseDecreaseInNotesReceivables`	$1.90K	USD	1 Quarter
(Increase) in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-444.78K	USD	1 Quarter
(Increase) in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-157.36K	USD	1 Quarter
Increase (decrease) in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-135.51K	USD	1 Quarter
Increase (decrease) in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$536.03K	USD	1 Quarter
Decrease in prepaid income taxes	`IncreaseDecreaseInPrepaidTaxes`	$114.31K	USD	1 Quarter
Increase in income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$27.33K	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`	$223.73K	USD	1 Quarter
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$-61.90K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-61.90K	USD	1 Quarter
Redemption of common stock	`RedemptionOfCommonStock`	$-893.38K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-893.38K	USD	1 Quarter
Net decrease in cash	`CashPeriodIncreaseDecrease`	$-352.18K	USD	1 Quarter
Net decrease in cash	`CashPeriodIncreaseDecrease`	$-669.64K	USD	1 Quarter
Cash, beginning of period	`Cash`	$6.10M	USD	Point-in-time
Cash, beginning of period	`Cash`	$5.43M	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`	$6.10M	USD	Point-in-time
Cash, end of period	`Cash`	$5.43M	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 13 line items

Line Item	Tag	Value	Unit	Period
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$19.72M	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$21.37M	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$20.83M	USD	Point-in-time
Shares repurchased and cancelled, value	`StockRepurchasedAndRetiredDuringPeriodValue`	$-893.38K	USD	1 Quarter
Shares repurchased and cancelled, value	`StockRepurchasedAndRetiredDuringPeriodValue`	$-1.27M	USD	Annual
Shares repurchased and cancelled, shares	`StockRepurchasedAndRetiredDuringPeriodShares`	95,671.00	shares	1 Quarter
Shares repurchased and cancelled, shares	`StockRepurchasedAndRetiredDuringPeriodShares`	154,329.00	shares	1 Quarter
Net income	`ProfitLoss`	$2.92M	USD	Annual
Net income	`ProfitLoss`	$349.69K	USD	1 Quarter
Net income	`ProfitLoss`	$322.43K	USD	1 Quarter
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$19.72M	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$21.37M	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$20.83M	USD	Point-in-time

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