10-K Filing

JEWETT CAMERON TRADING CO LTD CIK: 885307 FY 2019

Filing Information

Form Type	10-K
Accession Number	`0001217160-19-000103`
Period End Date	20190831
Filing Date	20191113
Fiscal Year	2019
Fiscal Period	FY
XBRL Instance	jctcf-20190831.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 55 Income Statement 38 Cash Flow Statement 40 Stockholders Equity 16

Balance Sheet 55 line items

Line Item	Tag	Value	Unit	Period
Inventory, Net of Allowances, Customer Advances and Progress Billings	`InventoryNetOfAllowancesCustomerAdvancesAndProgressBillings`	$75.34K	USD	Point-in-time
Inventory, Net of Allowances, Customer Advances and Progress Billings	`InventoryNetOfAllowancesCustomerAdvancesAndProgressBillings`	$119.36K	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, No Par Value	`CommonStockNoParValue`	-	USD	Point-in-time
Common Stock, No Par Value	`CommonStockNoParValue`	-	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$9.65M	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, 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`	$2.84M	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 $119,357 (August 31, 2018 - $75,336) (note 3)	`InventoryNet`	$9.80M	USD	Point-in-time
Inventory, net of allowance of $119,357 (August 31, 2018 - $75,336) (note 3)	`InventoryNet`	$6.38M	USD	Point-in-time
Preferred Stock, No Par Value	`PreferredStockNoParValue`	-	USD	Point-in-time
Common Stock, Shares, Outstanding	`CommonStockSharesOutstanding`	4.31M	shares	Point-in-time
Note receivable	`NotesReceivableNet`	$4.00K	USD	Point-in-time
Common Stock, Shares, Outstanding	`CommonStockSharesOutstanding`	3.97M	shares	Point-in-time
Note receivable	`NotesReceivableNet`	$1.20K	USD	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	4.31M	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$393.54K	USD	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	3.97M	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$347.25K	USD	Point-in-time
Prepaid income taxes	`PrepaidTaxes`	$114.31K	USD	Point-in-time
Prepaid income taxes	`PrepaidTaxes`	$223.42K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$20.52M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$19.48M	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`	$2.73M	USD	Point-in-time
Intangible assets, net (note 5)	`IntangibleAssetsNetExcludingGoodwill`	$3.05K	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`	$22.21M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$410.03K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$377.09K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$1.31M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$1.80M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.72M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.17M	USD	Point-in-time
Deferred tax liability (note 6)	`DeferredTaxLiabilities`	$61.20K	USD	Point-in-time
Deferred tax liability (note 6)	`DeferredTaxLiabilities`	$81.85K	USD	Point-in-time
Total liabilities	`Liabilities`	$2.25M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.78M	USD	Point-in-time
Authorized 21,567,564 common shares, no par value 10,000,000 preferred shares, no par value. Issued 3,971,282 common shares (August 31, 2018 -4,314,659)	`CommonStockValue`	$1.02M	USD	Point-in-time
Authorized 21,567,564 common shares, no par value 10,000,000 preferred shares, no par value. Issued 3,971,282 common shares (August 31, 2018 -4,314,659)	`CommonStockValue`	$936.90K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$618.71K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$600.80K	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$18.88M	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`	$20.43M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$22.21M	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`	$53.92M	USD	Annual
SALES	`Revenues`	$45.45M	USD	Annual
COST OF SALES	`CostOfRevenue`	$42.33M	USD	Annual
COST OF SALES	`CostOfRevenue`	$35.48M	USD	Annual
GROSS PROFIT	`GrossProfit`	$9.96M	USD	Annual
GROSS PROFIT	`GrossProfit`	$11.60M	USD	Annual
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$2.10M	USD	Annual
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$2.13M	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$274.06K	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$191.82K	USD	Annual
Wages and employee benefits	`SalariesAndWages`	$4.91M	USD	Annual
Wages and employee benefits	`SalariesAndWages`	$4.94M	USD	Annual
Total operating expenses	`OperatingExpenses`	$7.23M	USD	Annual
Total operating expenses	`OperatingExpenses`	$7.32M	USD	Annual
Income from operations	`IncomeLossFromContinuingOperations`	$2.74M	USD	Annual
Income from operations	`IncomeLossFromContinuingOperations`	$4.28M	USD	Annual
Gain (loss) on sale of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-27.02K	USD	Annual
Gain (loss) on sale of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$105.37K	USD	Annual
Interest and other income	`OtherIncome`	$45.23K	USD	Annual
Interest and other income	`OtherIncome`	$30.03K	USD	Annual
Total other items	`NonoperatingIncomeExpense`	$150.59K	USD	Annual
Total other items	`NonoperatingIncomeExpense`	$3.00K	USD	Annual
Income before income taxes	`IncomeLossBeforeIncomeTaxes`	$2.89M	USD	Annual
Income before income taxes	`IncomeLossBeforeIncomeTaxes`	$4.28M	USD	Annual
Current	`IncomeTaxExpenseBenefit`	$808.34K	USD	Annual
Current	`IncomeTaxExpenseBenefit`	$1.29M	USD	Annual
Deferred (recovery)	`DeferredIncomeTaxExpenseBenefit`	$-20.65K	USD	Annual
Deferred (recovery)	`DeferredIncomeTaxExpenseBenefit`	$70.51K	USD	Annual
Net income for the year	`NetIncomeLoss`	$2.92M	USD	Annual
Net income for the year	`NetIncomeLoss`	$2.10M	USD	Annual
Basic earnings per common share	`EarningsPerShareBasic`	$0.50	USD	Annual
Basic earnings per common share	`EarningsPerShareBasic`	$0.66	USD	Annual
Diluted earnings per common share	`EarningsPerShareDiluted`	$0.66	USD	Annual
Diluted earnings per common share	`EarningsPerShareDiluted`	$0.50	USD	Annual
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	4.43M	shares	Annual
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	4.23M	shares	Annual
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	4.43M	shares	Annual
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	4.23M	shares	Annual

Cash Flow Statement 40 line items

Line Item	Tag	Value	Unit	Period
Net income for the year	`NetIncomeLoss`	$2.92M	USD	Annual
Net income for the year	`NetIncomeLoss`	$2.10M	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$274.06K	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$191.82K	USD	Annual
(Gain) loss on sale of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-27.02K	USD	Annual
(Gain) loss on sale of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$105.37K	USD	Annual
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-20.65K	USD	Annual
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$70.51K	USD	Annual
Decrease (increase) in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$1.32M	USD	Annual
Decrease (increase) in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-587.44K	USD	Annual
Decrease (increase) in inventory	`IncreaseDecreaseInInventories`	$-995.65K	USD	Annual
Decrease (increase) in inventory	`IncreaseDecreaseInInventories`	$3.43M	USD	Annual
(Increase) decrease in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$248.53K	USD	Annual
(Increase) decrease in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-46.29K	USD	Annual
(Increase) in prepaid income taxes	`IncreaseDecreaseInPrepaidTaxes`	$-114.31K	USD	Annual
(Increase) in prepaid income taxes	`IncreaseDecreaseInPrepaidTaxes`	$-109.11K	USD	Annual
(Decrease) in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-449.69K	USD	Annual
(Decrease) in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-273.02K	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$6.31M	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$1.57M	USD	Annual
Proceeds on sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$324.68K	USD	Annual
Proceeds on sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$1.00K	USD	Annual
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$-110.53K	USD	Annual
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$-32.73K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$291.94K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-109.53K	USD	Annual
Issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$18.44K	USD	Annual
Issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	-	USD	Annual
Redemption of common stock	`PaymentsForRepurchaseOfEquity`	$-3.06M	USD	Annual
Redemption of common stock	`PaymentsForRepurchaseOfEquity`	$-1.27M	USD	Annual
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-1.27M	USD	Annual
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-3.04M	USD	Annual
Net increase in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$3.55M	USD	Annual
Net increase in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$185.21K	USD	Annual
Cash, beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$9.65M	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`	$9.65M	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 16 line items

Line Item	Tag	Value	Unit	Period
Equity Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$20.43M	USD	Point-in-time
Equity Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$21.37M	USD	Point-in-time
Equity Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$19.72M	USD	Point-in-time
Shares repurchased and cancelled	`StockRepurchasedAndRetiredDuringPeriodValue`	$-1.27M	USD	Annual
Shares repurchased and cancelled	`StockRepurchasedAndRetiredDuringPeriodValue`	$-3.06M	USD	Annual
Shares repurchased and cancelled	`StockRepurchasedAndRetiredDuringPeriodShares`	154,329.00	shares	1 Quarter
Shares repurchased and cancelled	`StockRepurchasedAndRetiredDuringPeriodShares`	195,142.00	shares	1 Quarter
Shares repurchased and cancelled	`StockRepurchasedAndRetiredDuringPeriodShares`	46,408.00	shares	1 Quarter
Shares repurchased and cancelled	`StockRepurchasedAndRetiredDuringPeriodShares`	8,450.00	shares	1 Quarter
Shares repurchased and cancelled	`StockRepurchasedAndRetiredDuringPeriodShares`	95,671.00	shares	1 Quarter
Shares issued pursuant to compensation plans (note 10)	`StockIssuedDuringPeriodValueShareBasedCompensation`	$18.44K	USD	Annual
Net income	`ProfitLoss`	$2.92M	USD	Annual
Net income	`ProfitLoss`	$2.10M	USD	Annual
Equity Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$20.43M	USD	Point-in-time
Equity Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$21.37M	USD	Point-in-time
Equity Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$19.72M	USD	Point-in-time

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