10-Q Filing

JEWETT CAMERON TRADING CO LTD CIK: 885307 Q1 2020

Filing Information

Form Type	10-Q
Accession Number	`0001217160-20-000012`
Period End Date	20191130
Filing Date	20200114
Fiscal Year	2020
Fiscal Period	Q1
XBRL Instance	jctcf-20191130.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 58 Income Statement 32 Cash Flow Statement 40 Stockholders Equity 19

Balance Sheet 58 line items

Line Item	Tag	Value	Unit	Period
Accounts Receivable, Allowance for Credit Loss	`AllowanceForDoubtfulAccountsReceivable`	-	USD	Point-in-time
Accounts Receivable, Allowance for Credit Loss	`AllowanceForDoubtfulAccountsReceivable`	-	USD	Point-in-time
Inventory, Net of Allowances, Customer Advances and Progress Billings	`InventoryNetOfAllowancesCustomerAdvancesAndProgressBillings`	$119.36K	USD	Point-in-time
Inventory, Net of Allowances, Customer Advances and Progress Billings	`InventoryNetOfAllowancesCustomerAdvancesAndProgressBillings`	$165.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$8.97M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$6.10M	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`	$5.43M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$9.65M	USD	Point-in-time
Common Stock, No Par Value	`CommonStockNoParValue`	-	USD	Point-in-time
Accounts receivable, net of allowance of $0 (August 31, 2019 - $0)	`AccountsReceivableNetCurrent`	$2.16M	USD	Point-in-time
Common Stock, No Par Value	`CommonStockNoParValue`	-	USD	Point-in-time
Accounts receivable, net of allowance of $0 (August 31, 2019 - $0)	`AccountsReceivableNetCurrent`	$2.84M	USD	Point-in-time
Inventory, net of allowance of $165,000 (August 31, 2019 - $119,357) (note 3)	`InventoryNet`	$6.38M	USD	Point-in-time
Preferred Stock, Shares Authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Inventory, net of allowance of $165,000 (August 31, 2019 - $119,357) (note 3)	`InventoryNet`	$7.28M	USD	Point-in-time
Preferred Stock, Shares Authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Note receivable	`NotesReceivableNet`	$997.00	USD	Point-in-time
Preferred Stock, No Par Value	`PreferredStockNoParValue`	-	USD	Point-in-time
Preferred Stock, No Par Value	`PreferredStockNoParValue`	-	USD	Point-in-time
Note receivable	`NotesReceivableNet`	$1.20K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$393.54K	USD	Point-in-time
Common Stock, Shares, Outstanding	`CommonStockSharesOutstanding`	3.97M	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$568.82K	USD	Point-in-time
Common Stock, Shares, Outstanding	`CommonStockSharesOutstanding`	3.97M	shares	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	3.97M	shares	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	3.97M	shares	Point-in-time
Prepaid income taxes	`PrepaidTaxes`	$223.42K	USD	Point-in-time
Prepaid income taxes	`PrepaidTaxes`	$201.96K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$19.48M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$19.19M	USD	Point-in-time
Property, plant and equipment, net (note 4)	`PropertyPlantAndEquipmentNet`	$2.73M	USD	Point-in-time
Property, plant and equipment, net (note 4)	`PropertyPlantAndEquipmentNet`	$2.71M	USD	Point-in-time
Intangible assets, net (note 5)	`IntangibleAssetsNetExcludingGoodwill`	$2.91K	USD	Point-in-time
Intangible assets, net (note 5)	`IntangibleAssetsNetExcludingGoodwill`	$3.05K	USD	Point-in-time
Total assets	`Assets`	$21.90M	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`	$238.13K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$1.19M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$1.31M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.72M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.42M	USD	Point-in-time
Deferred tax liability (note 6)	`DeferredTaxLiabilities`	$61.20K	USD	Point-in-time
Deferred tax liability (note 6)	`DeferredTaxLiabilities`	$47.10K	USD	Point-in-time
Total liabilities	`Liabilities`	$1.47M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.78M	USD	Point-in-time
Capital stock (note 8, 9) 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, 2019 -3,971,282)	`CommonStockValue`	$936.90K	USD	Point-in-time
Capital stock (note 8, 9) 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, 2019 -3,971,282)	`CommonStockValue`	$936.90K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$618.71K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$618.71K	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$18.87M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$18.88M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$20.43M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$20.42M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$22.21M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$21.90M	USD	Point-in-time

Income Statement 32 line items

Line Item	Tag	Value	Unit	Period
SALES	`Revenues`	$7.06M	USD	1 Quarter
SALES	`Revenues`	$9.07M	USD	1 Quarter
COST OF SALES	`CostOfRevenue`	$5.01M	USD	1 Quarter
COST OF SALES	`CostOfRevenue`	$6.76M	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$2.31M	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$2.05M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$649.01K	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$556.15K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$48.15K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$50.87K	USD	1 Quarter
Wages and employee benefits	`SalariesAndWages`	$1.36M	USD	1 Quarter
Wages and employee benefits	`SalariesAndWages`	$1.22M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$1.83M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$2.06M	USD	1 Quarter
Income from operations	`IncomeLossFromContinuingOperations`	$-10.87K	USD	1 Quarter
Income from operations	`IncomeLossFromContinuingOperations`	$479.01K	USD	1 Quarter
Interest and other income	`OtherIncome`	$17.15K	USD	1 Quarter
Interest and other income	`OtherIncome`	$11.62K	USD	1 Quarter
Income before income taxes	`IncomeLossBeforeIncomeTaxes`	$496.16K	USD	1 Quarter
Income before income taxes	`IncomeLossBeforeIncomeTaxes`	$741.00	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$-7.36K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$-146.47K	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$-6.62K	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$349.69K	USD	1 Quarter
Basic earnings per common share	`EarningsPerShareBasic`	-	USD	1 Quarter
Basic earnings per common share	`EarningsPerShareBasic`	$0.08	USD	1 Quarter
Diluted earnings per common share	`EarningsPerShareDiluted`	$0.08	USD	1 Quarter
Diluted earnings per common share	`EarningsPerShareDiluted`	-	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	3.97M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	4.26M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	3.97M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	4.26M	shares	1 Quarter

Cash Flow Statement 40 line items

Line Item	Tag	Value	Unit	Period
Net (loss) income	`NetIncomeLoss`	$-6.62K	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$349.69K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$48.15K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$50.87K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$4.83K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-14.10K	USD	1 Quarter
Decrease (increase) in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$417.94K	USD	1 Quarter
Decrease (increase) in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$671.93K	USD	1 Quarter
(Increase) in inventory	`IncreaseDecreaseInInventories`	$-1.12M	USD	1 Quarter
(Increase) in inventory	`IncreaseDecreaseInInventories`	$-902.32K	USD	1 Quarter
Decrease in note receivable	`IncreaseDecreaseInNotesReceivables`	$200.00	USD	1 Quarter
Decrease in note receivable	`IncreaseDecreaseInNotesReceivables`	$1.90K	USD	1 Quarter
(Increase) in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-175.28K	USD	1 Quarter
(Increase) in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-157.36K	USD	1 Quarter
Increase (decrease) in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-297.73K	USD	1 Quarter
Increase (decrease) in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$536.03K	USD	1 Quarter
Decrease in prepaid income taxes	`IncreaseDecreaseInPrepaidTaxes`	$21.46K	USD	1 Quarter
Decrease in prepaid income taxes	`IncreaseDecreaseInPrepaidTaxes`	$114.31K	USD	1 Quarter
Increase in income taxes payable	`IncreaseDecreaseInIncomeTaxes`	-	USD	1 Quarter
Increase in income taxes payable	`IncreaseDecreaseInIncomeTaxes`	$27.33K	USD	1 Quarter
Net cash provided by (used by) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-654.31K	USD	1 Quarter
Net cash provided by (used by) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$223.73K	USD	1 Quarter
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$-28.75K	USD	1 Quarter
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	-	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-28.75K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	1 Quarter
Redemption of common stock	`PaymentsForRepurchaseOfEquity`	-	USD	1 Quarter
Redemption of common stock	`PaymentsForRepurchaseOfEquity`	$-893.38K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-893.38K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	-	USD	1 Quarter
Net increase in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-669.64K	USD	1 Quarter
Net increase in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-683.06K	USD	1 Quarter
Cash, beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$8.97M	USD	Point-in-time
Cash, beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$6.10M	USD	Point-in-time
Cash, beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$5.43M	USD	Point-in-time
Cash, beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$9.65M	USD	Point-in-time
Cash, end of year	`CashAndCashEquivalentsAtCarryingValue`	$8.97M	USD	Point-in-time
Cash, end of year	`CashAndCashEquivalentsAtCarryingValue`	$6.10M	USD	Point-in-time
Cash, end of year	`CashAndCashEquivalentsAtCarryingValue`	$5.43M	USD	Point-in-time
Cash, end of year	`CashAndCashEquivalentsAtCarryingValue`	$9.65M	USD	Point-in-time

Stockholders Equity 19 line items

Line Item	Tag	Value	Unit	Period
Equity Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$20.42M	USD	Point-in-time
Equity Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$20.43M	USD	Point-in-time
Equity Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$21.37M	USD	Point-in-time
Equity Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$20.83M	USD	Point-in-time
Shares repurchased and cancelled	`StockRepurchasedAndRetiredDuringPeriodValue`	$-2.17M	USD	3 Qtrs
Shares repurchased and cancelled	`StockRepurchasedAndRetiredDuringPeriodValue`	$-893.38K	USD	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	3 Qtrs
Shares issued pursuant to compensation plans (note 10)	`StockIssuedDuringPeriodSharesShareBasedCompensation`	2,294.00	shares	3 Qtrs
Net income (loss)	`ProfitLoss`	$-6.62K	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$349.69K	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$1.75M	USD	3 Qtrs
Equity Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$20.42M	USD	Point-in-time
Equity Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$20.43M	USD	Point-in-time
Equity Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$21.37M	USD	Point-in-time
Equity Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$20.83M	USD	Point-in-time

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