10-Q Filing

JEWETT CAMERON TRADING CO LTD CIK: 885307 Q2 2019

Filing Information

Form Type	10-Q
Accession Number	`0001217160-19-000046`
Period End Date	20190228
Filing Date	20190415
Fiscal Year	2019
Fiscal Period	Q2
XBRL Instance	jctcf-20190228.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 56 Income Statement 68 Cash Flow Statement 48 Stockholders Equity 15

Balance Sheet 56 line items

Line Item	Tag	Value	Unit	Period
Accounts Receivable, Allowance for Credit Loss, Current	`AllowanceForDoubtfulAccountsReceivableCurrent`	-	USD	Point-in-time
Accounts Receivable, Allowance for Credit Loss, Current	`AllowanceForDoubtfulAccountsReceivableCurrent`	-	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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$6.10M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.71M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.91M	USD	Point-in-time
Common Stock, No Par Value	`CommonStockNoParValue`	-	USD	Point-in-time
Common Stock, No Par Value	`CommonStockNoParValue`	-	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.79M	USD	Point-in-time
Preferred Stock, Shares Authorized	`PreferredStockSharesAuthorized`	10.00M	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`	$3.20M	USD	Point-in-time
Preferred Stock, Shares Authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Preferred Stock, No Par Value	`PreferredStockNoParValue`	-	USD	Point-in-time
Inventory, net of allowance of $89,424 (August 31, 2018 - $75,336) (note 3)	`InventoryNet`	$11.71M	USD	Point-in-time
Inventory, net of allowance of $89,424 (August 31, 2018 - $75,336) (note 3)	`InventoryNet`	$9.80M	USD	Point-in-time
Preferred Stock, No Par Value	`PreferredStockNoParValue`	-	USD	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	4.21M	shares	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	4.31M	shares	Point-in-time
Note receivable	`NotesReceivableNet`	$1.80K	USD	Point-in-time
Note receivable	`NotesReceivableNet`	$4.00K	USD	Point-in-time
Common Stock, Shares, Outstanding	`CommonStockSharesOutstanding`	4.31M	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$565.52K	USD	Point-in-time
Common Stock, Shares, Outstanding	`CommonStockSharesOutstanding`	4.21M	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$347.25K	USD	Point-in-time
Prepaid income taxes	`PrepaidTaxes`	$308.83K	USD	Point-in-time
Prepaid income taxes	`PrepaidTaxes`	$114.31K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$19.49M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$20.52M	USD	Point-in-time
Property, plant and equipment, net (note 4)	`PropertyPlantAndEquipmentNet`	$3.11M	USD	Point-in-time
Property, plant and equipment, net (note 4)	`PropertyPlantAndEquipmentNet`	$2.79M	USD	Point-in-time
Intangible assets, net (note 5)	`IntangibleAssetsNetExcludingGoodwill`	$3.59K	USD	Point-in-time
Intangible assets, net (note 5)	`IntangibleAssetsNetExcludingGoodwill`	$3.32K	USD	Point-in-time
Total assets	`Assets`	$23.63M	USD	Point-in-time
Total assets	`Assets`	$22.28M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$377.09K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$368.67K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$1.80M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$944.76K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.31M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.17M	USD	Point-in-time
Deferred tax liability (note 6)	`DeferredTaxLiabilities`	$79.89K	USD	Point-in-time
Deferred tax liability (note 6)	`DeferredTaxLiabilities`	$81.85K	USD	Point-in-time
Total liabilities	`Liabilities`	$1.39M	USD	Point-in-time
Total liabilities	`Liabilities`	$2.25M	USD	Point-in-time
Authorized 21,567,564 common shares, no par value 10,000,000 preferred shares, no par value Issued 4,210,538 common shares (August 31, 2018 -4,314,659)	`CommonStockValue`	$993.34K	USD	Point-in-time
Authorized 21,567,564 common shares, no par value 10,000,000 preferred shares, no par value Issued 4,210,538 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`	$19.29M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$19.75M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$21.37M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$20.89M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$22.28M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$23.63M	USD	Point-in-time

Income Statement 68 line items

Line Item	Tag	Value	Unit	Period
SALES	`Revenues`	$16.92M	USD	2 Qtrs
SALES	`Revenues`	$22.76M	USD	2 Qtrs
SALES	`Revenues`	$7.86M	USD	1 Quarter
SALES	`Revenues`	$13.34M	USD	1 Quarter
COST OF SALES	`CostOfRevenue`	$17.93M	USD	2 Qtrs
COST OF SALES	`CostOfRevenue`	$12.85M	USD	2 Qtrs
COST OF SALES	`CostOfRevenue`	$6.10M	USD	1 Quarter
COST OF SALES	`CostOfRevenue`	$10.71M	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$4.07M	USD	2 Qtrs
GROSS PROFIT	`GrossProfit`	$2.64M	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$4.82M	USD	2 Qtrs
GROSS PROFIT	`GrossProfit`	$1.76M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$1.06M	USD	2 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$962.04K	USD	2 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$405.89K	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$616.07K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$195.41K	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$45.40K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$96.27K	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$122.75K	USD	1 Quarter
Wages and employee benefits	`SalariesAndWages`	$1.18M	USD	1 Quarter
Wages and employee benefits	`SalariesAndWages`	$2.48M	USD	2 Qtrs
Wages and employee benefits	`SalariesAndWages`	$1.25M	USD	1 Quarter
Wages and employee benefits	`SalariesAndWages`	$2.27M	USD	2 Qtrs
Operating Expenses	`OperatingExpenses`	$3.53M	USD	2 Qtrs
Operating Expenses	`OperatingExpenses`	$1.92M	USD	1 Quarter
Operating Expenses	`OperatingExpenses`	$3.53M	USD	2 Qtrs
Operating Expenses	`OperatingExpenses`	$1.70M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$536.63K	USD	2 Qtrs
Income from operations	`OperatingIncomeLoss`	$57.62K	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$1.29M	USD	2 Qtrs
Income from operations	`OperatingIncomeLoss`	$720.24K	USD	1 Quarter
(Loss) gain on sale of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$105.36K	USD	2 Qtrs
(Loss) gain on sale of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$105.36K	USD	1 Quarter
(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`	$-27.02K	USD	2 Qtrs
Interest and other income	`OtherIncome`	$8.48K	USD	2 Qtrs
Interest and other income	`OtherIncome`	$9.18K	USD	1 Quarter
Interest and other income	`OtherIncome`	$26.34K	USD	2 Qtrs
Interest and other income	`OtherIncome`	$5.79K	USD	1 Quarter
Income before income taxes	`IncomeLossBeforeIncomeTaxes`	$1.27M	USD	2 Qtrs
Income before income taxes	`IncomeLossBeforeIncomeTaxes`	$726.57K	USD	1 Quarter
Income before income taxes	`IncomeLossBeforeIncomeTaxes`	$668.33K	USD	2 Qtrs
Income before income taxes	`IncomeLossBeforeIncomeTaxes`	$172.17K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$-441.28K	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$-199.01K	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$-52.55K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$-218.27K	USD	1 Quarter
Net income	`NetIncomeLoss`	$830.73K	USD	2 Qtrs
Net income	`NetIncomeLoss`	$508.30K	USD	1 Quarter
Net income	`NetIncomeLoss`	$469.32K	USD	2 Qtrs
Net income	`NetIncomeLoss`	$119.63K	USD	1 Quarter
Basic earnings per common share	`EarningsPerShareBasic`	$0.11	USD	2 Qtrs
Basic earnings per common share	`EarningsPerShareBasic`	$0.03	USD	1 Quarter
Basic earnings per common share	`EarningsPerShareBasic`	$0.11	USD	1 Quarter
Basic earnings per common share	`EarningsPerShareBasic`	$0.19	USD	2 Qtrs
Diluted earnings per common share	`EarningsPerShareDiluted`	$0.11	USD	1 Quarter
Diluted earnings per common share	`EarningsPerShareDiluted`	$0.11	USD	2 Qtrs
Diluted earnings per common share	`EarningsPerShareDiluted`	$0.19	USD	2 Qtrs
Diluted earnings per common share	`EarningsPerShareDiluted`	$0.03	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	4.47M	shares	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	4.22M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	4.22M	shares	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	4.47M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	4.22M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	4.47M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	4.22M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	4.47M	shares	1 Quarter

Cash Flow Statement 48 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$830.73K	USD	2 Qtrs
Net income	`NetIncomeLoss`	$508.30K	USD	1 Quarter
Net income	`NetIncomeLoss`	$469.32K	USD	2 Qtrs
Net income	`NetIncomeLoss`	$119.63K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$195.41K	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$45.40K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$96.27K	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$122.75K	USD	1 Quarter
(Gain) loss on sale of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$105.36K	USD	2 Qtrs
(Gain) loss on sale of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$105.36K	USD	1 Quarter
(Gain) loss on sale of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$530.00	USD	1 Quarter
(Gain) loss on sale of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-27.02K	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$25.69K	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-1.97K	USD	2 Qtrs
Decrease (increase) in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-2.50M	USD	2 Qtrs
Decrease (increase) in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$955.37K	USD	2 Qtrs
(Increase) in inventory	`IncreaseDecreaseInInventories`	$-1.90M	USD	2 Qtrs
(Increase) in inventory	`IncreaseDecreaseInInventories`	$-481.65K	USD	2 Qtrs
Decrease in note receivable	`IncreaseDecreaseInNotesReceivables`	-	USD	2 Qtrs
Decrease in note receivable	`IncreaseDecreaseInNotesReceivables`	$2.20K	USD	2 Qtrs
(Increase) in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-287.43K	USD	2 Qtrs
(Increase) in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-218.26K	USD	2 Qtrs
(Increase) in prepaid income taxes	`IncreaseDecreaseInPrepaidTaxes`	$-469.58K	USD	2 Qtrs
(Increase) in prepaid income taxes	`IncreaseDecreaseInPrepaidTaxes`	$-194.52K	USD	2 Qtrs
(Decrease) in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-858.87K	USD	2 Qtrs
(Decrease) in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-396.84K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-3.06M	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.76M	USD	2 Qtrs
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$-66.04K	USD	2 Qtrs
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	-	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`	$324.67K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$324.67K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-65.04K	USD	2 Qtrs
Redemption of common stock	`PaymentsForRepurchaseOfEquity`	$-957.30K	USD	2 Qtrs
Redemption of common stock	`PaymentsForRepurchaseOfEquity`	-	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	-	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-957.30K	USD	2 Qtrs
Net decrease in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-3.12M	USD	2 Qtrs
Net decrease in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-2.39M	USD	2 Qtrs
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$6.10M	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$3.71M	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$5.91M	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$2.79M	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$6.10M	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$3.71M	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$5.91M	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$2.79M	USD	Point-in-time

Stockholders Equity 15 line items

Line Item	Tag	Value	Unit	Period
Equity Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$19.72M	USD	Point-in-time
Equity Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$20.89M	USD	Point-in-time
Equity Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$20.56M	USD	Point-in-time
Equity Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$21.37M	USD	Point-in-time
Shares repurchased and cancelled	`StockRepurchasedAndRetiredDuringPeriodValue`	$-957.30K	USD	2 Qtrs
Shares repurchased and cancelled	`StockRepurchasedAndRetiredDuringPeriodValue`	$-1.27M	USD	2 Qtrs
Shares repurchased and cancelled	`StockRepurchasedAndRetiredDuringPeriodShares`	95,671.00	shares	1 Quarter
Shares repurchased and cancelled	`StockRepurchasedAndRetiredDuringPeriodShares`	8,450.00	shares	1 Quarter
Net income	`ProfitLoss`	$830.73K	USD	2 Qtrs
Net income	`ProfitLoss`	$2.09M	USD	2 Qtrs
Net income	`ProfitLoss`	$469.32K	USD	2 Qtrs
Equity Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$19.72M	USD	Point-in-time
Equity Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$20.89M	USD	Point-in-time
Equity Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$20.56M	USD	Point-in-time
Equity Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$21.37M	USD	Point-in-time

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