10-Q Filing

JEWETT CAMERON TRADING CO LTD CIK: 885307 Q3 2019

Filing Information

Form Type	10-Q
Accession Number	`0001217160-19-000074`
Period End Date	20190531
Filing Date	20190715
Fiscal Year	2019
Fiscal Period	Q3
XBRL Instance	jctcf-20190531.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 54 Income Statement 68 Cash Flow Statement 44 Stockholders Equity 16

Balance Sheet 54 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
Inventory, Net of Allowances, Customer Advances and Progress Billings	`InventoryNetOfAllowancesCustomerAdvancesAndProgressBillings`	$672.76K	USD	Point-in-time
Inventory, Net of Allowances, Customer Advances and Progress Billings	`InventoryNetOfAllowancesCustomerAdvancesAndProgressBillings`	$753.36K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.91M	USD	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`	$3.44M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$6.25M	USD	Point-in-time
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	21.57M	shares	Point-in-time
Accounts receivable, net of allowance of $Nil (August 31, 2018 - $Nil)	`AccountsReceivableNetCurrent`	$4.15M	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`	$7.13M	USD	Point-in-time
Preferred Stock, Shares Authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Inventory, net of allowance of $67,276 (August 31, 2018 - $75,336) (note 3)	`InventoryNet`	$8.63M	USD	Point-in-time
Inventory, net of allowance of $67,276 (August 31, 2018 - $75,336) (note 3)	`InventoryNet`	$9.80M	USD	Point-in-time
Common Stock, Shares, Outstanding	`CommonStockSharesOutstanding`	4.31M	shares	Point-in-time
Common Stock, Shares, Outstanding	`CommonStockSharesOutstanding`	4.02M	shares	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	4.31M	shares	Point-in-time
Note receivable	`NotesReceivableNet`	$4.00K	USD	Point-in-time
Note receivable	`NotesReceivableNet`	$1.60K	USD	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	4.02M	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$347.25K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$325.98K	USD	Point-in-time
Prepaid income taxes	`PrepaidTaxes`	$114.31K	USD	Point-in-time
Prepaid income taxes	`PrepaidTaxes`	$180.28K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$19.70M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$20.52M	USD	Point-in-time
Property, plant and equipment, net (note 4)	`PropertyPlantAndEquipmentNet`	$2.75M	USD	Point-in-time
Property, plant and equipment, net (note 4)	`PropertyPlantAndEquipmentNet`	$3.11M	USD	Point-in-time
Intangible assets, net (note 5)	`IntangibleAssetsNetExcludingGoodwill`	$3.18K	USD	Point-in-time
Intangible assets, net (note 5)	`IntangibleAssetsNetExcludingGoodwill`	$3.59K	USD	Point-in-time
Total assets	`Assets`	$23.63M	USD	Point-in-time
Total assets	`Assets`	$22.46M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$377.09K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$643.34K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$1.45M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$1.80M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.09M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.17M	USD	Point-in-time
Deferred tax liability (note 6)	`DeferredTaxLiabilities`	$81.85K	USD	Point-in-time
Deferred tax liability (note 6)	`DeferredTaxLiabilities`	$85.85K	USD	Point-in-time
Total liabilities	`Liabilities`	$2.25M	USD	Point-in-time
Total liabilities	`Liabilities`	$2.18M	USD	Point-in-time
Authorized 21,567,564 common shares, without par value 10,000,000 preferred shares, without par value. Issued 4,015,396 common shares (August 31, 2018 -4,314,659)	`CommonStockValue`	$947.31K	USD	Point-in-time
Authorized 21,567,564 common shares, without par value 10,000,000 preferred shares, without par value. Issued 4,015,396 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`	$19.75M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$18.73M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$21.37M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$20.28M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$22.46M	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`	$33.62M	USD	3 Qtrs
SALES	`Revenues`	$42.69M	USD	3 Qtrs
SALES	`Revenues`	$19.93M	USD	1 Quarter
SALES	`Revenues`	$16.69M	USD	1 Quarter
COST OF SALES	`CostOfRevenue`	$33.88M	USD	3 Qtrs
COST OF SALES	`CostOfRevenue`	$13.05M	USD	1 Quarter
COST OF SALES	`CostOfRevenue`	$25.91M	USD	3 Qtrs
COST OF SALES	`CostOfRevenue`	$15.94M	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$7.71M	USD	3 Qtrs
GROSS PROFIT	`GrossProfit`	$3.99M	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$3.64M	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$8.81M	USD	3 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$596.83K	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$1.72M	USD	3 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$1.66M	USD	3 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$759.71K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$143.41K	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$71.56K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$47.14K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$266.97K	USD	3 Qtrs
Wages and employee benefits	`SalariesAndWages`	$1.32M	USD	1 Quarter
Wages and employee benefits	`SalariesAndWages`	$3.59M	USD	3 Qtrs
Wages and employee benefits	`SalariesAndWages`	$3.80M	USD	3 Qtrs
Wages and employee benefits	`SalariesAndWages`	$1.31M	USD	1 Quarter
Operating Expenses	`OperatingExpenses`	$-1.98M	USD	1 Quarter
Operating Expenses	`OperatingExpenses`	$-2.13M	USD	1 Quarter
Operating Expenses	`OperatingExpenses`	$-5.51M	USD	3 Qtrs
Operating Expenses	`OperatingExpenses`	$-5.66M	USD	3 Qtrs
Gain (loss) on sale of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$105.37K	USD	3 Qtrs
Gain (loss) on sale of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	-	USD	1 Quarter
Gain (loss) on sale of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	-	USD	1 Quarter
Gain (loss) on sale of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-27.02K	USD	3 Qtrs
Interest and other income	`OtherIncome`	$8.16K	USD	1 Quarter
Interest and other income	`OtherIncome`	$16.64K	USD	3 Qtrs
Interest and other income	`OtherIncome`	$33.37K	USD	3 Qtrs
Interest and other income	`OtherIncome`	$7.03K	USD	1 Quarter
Nonoperating Income (Expense)	`NonoperatingIncomeExpense`	$138.73K	USD	3 Qtrs
Nonoperating Income (Expense)	`NonoperatingIncomeExpense`	$7.03K	USD	1 Quarter
Nonoperating Income (Expense)	`NonoperatingIncomeExpense`	$8.16K	USD	1 Quarter
Nonoperating Income (Expense)	`NonoperatingIncomeExpense`	$-10.38K	USD	3 Qtrs
Income before income taxes	`IncomeLossBeforeIncomeTaxes`	$1.51M	USD	1 Quarter
Income before income taxes	`IncomeLossBeforeIncomeTaxes`	$3.29M	USD	3 Qtrs
Income before income taxes	`IncomeLossBeforeIncomeTaxes`	$2.18M	USD	3 Qtrs
Income before income taxes	`IncomeLossBeforeIncomeTaxes`	$2.02M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$-614.47K	USD	3 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$-627.79K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$-1.07M	USD	3 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$-415.46K	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.57M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$1.39M	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.10M	USD	1 Quarter
Net income	`NetIncomeLoss`	$2.22M	USD	3 Qtrs
Basic earnings per common share	`EarningsPerShareBasic`	$0.31	USD	1 Quarter
Basic earnings per common share	`EarningsPerShareBasic`	$0.36	USD	3 Qtrs
Basic earnings per common share	`EarningsPerShareBasic`	$0.27	USD	1 Quarter
Basic earnings per common share	`EarningsPerShareBasic`	$0.50	USD	3 Qtrs
Diluted earnings per common share	`EarningsPerShareDiluted`	$0.50	USD	3 Qtrs
Diluted earnings per common share	`EarningsPerShareDiluted`	$0.36	USD	3 Qtrs
Diluted earnings per common share	`EarningsPerShareDiluted`	$0.27	USD	1 Quarter
Diluted earnings per common share	`EarningsPerShareDiluted`	$0.31	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	4.47M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	4.02M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	4.47M	shares	3 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	4.32M	shares	3 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	4.02M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	4.32M	shares	3 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	4.47M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	4.47M	shares	3 Qtrs

Cash Flow Statement 44 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$1.57M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$1.39M	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.10M	USD	1 Quarter
Net income	`NetIncomeLoss`	$2.22M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$143.41K	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$71.56K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$47.14K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$266.97K	USD	3 Qtrs
(Gain) loss on sale of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$105.37K	USD	3 Qtrs
(Gain) loss on sale of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	-	USD	1 Quarter
(Gain) loss on sale of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	-	USD	1 Quarter
(Gain) loss on sale of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-27.02K	USD	3 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$41.44K	USD	3 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$4.00K	USD	3 Qtrs
(Increase) in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-3.53M	USD	3 Qtrs
(Increase) in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-2.97M	USD	3 Qtrs
Decrease in inventory	`IncreaseDecreaseInInventories`	$1.17M	USD	3 Qtrs
Decrease in inventory	`IncreaseDecreaseInInventories`	$1.09M	USD	3 Qtrs
Decrease (increase) in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$21.27K	USD	3 Qtrs
Decrease (increase) in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-180.14K	USD	3 Qtrs
(Increase) in prepaid income taxes	`IncreaseDecreaseInPrepaidTaxes`	$-65.97K	USD	3 Qtrs
(Increase) in prepaid income taxes	`IncreaseDecreaseInPrepaidTaxes`	$-114.41K	USD	3 Qtrs
(Decrease) increase in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-82.15K	USD	3 Qtrs
(Decrease) increase in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$609.31K	USD	3 Qtrs
Net cash (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$437.19K	USD	3 Qtrs
Net cash (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-316.58K	USD	3 Qtrs
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$-8.11K	USD	3 Qtrs
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$-99.44K	USD	3 Qtrs
Proceeds from sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$327.08K	USD	3 Qtrs
Proceeds from sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$1.00K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$318.96K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-98.44K	USD	3 Qtrs
Redemption of common stock	`PaymentsForRepurchaseOfEquity`	-	USD	3 Qtrs
Redemption of common stock	`PaymentsForRepurchaseOfEquity`	$-2.66M	USD	3 Qtrs
Net (decrease) increase in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$338.75K	USD	3 Qtrs
Net (decrease) increase in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-2.66M	USD	3 Qtrs
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$5.91M	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$6.10M	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$3.44M	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$6.25M	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$5.91M	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$6.10M	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$3.44M	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$6.25M	USD	Point-in-time

Stockholders Equity 16 line items

Line Item	Tag	Value	Unit	Period
Equity Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$21.94M	USD	Point-in-time
Equity Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$21.37M	USD	Point-in-time
Equity Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$19.72M	USD	Point-in-time
Equity Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$20.28M	USD	Point-in-time
Shares repurchased and cancelled	`StockRepurchasedAndRetiredDuringPeriodValue`	$-1.27M	USD	1 Quarter
Shares repurchased and cancelled	`StockRepurchasedAndRetiredDuringPeriodValue`	$-2.66M	USD	3 Qtrs
Shares repurchased and cancelled	`StockRepurchasedAndRetiredDuringPeriodShares`	8,450.00	shares	1 Quarter
Shares repurchased and cancelled	`StockRepurchasedAndRetiredDuringPeriodShares`	195,142.00	shares	1 Quarter
Shares repurchased and cancelled	`StockRepurchasedAndRetiredDuringPeriodShares`	95,671.00	shares	1 Quarter
Shares repurchased and cancelled	`StockRepurchasedAndRetiredDuringPeriodShares`	154,329.00	shares	1 Quarter
Net income	`ProfitLoss`	$2.22M	USD	3 Qtrs
Net income	`ProfitLoss`	$700.70K	USD	1 Quarter
Equity Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$21.94M	USD	Point-in-time
Equity Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$21.37M	USD	Point-in-time
Equity Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$19.72M	USD	Point-in-time
Equity Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$20.28M	USD	Point-in-time

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