10-Q Filing

JEWETT CAMERON TRADING CO LTD CIK: 885307 Q2 2020

Filing Information

Form Type	10-Q
Accession Number	`0001217160-20-000025`
Period End Date	20200229
Filing Date	20200414
Fiscal Year	2020
Fiscal Period	Q2
XBRL Instance	jctcf-20200229.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 58 Income Statement 72 Cash Flow Statement 48 Stockholders Equity 21

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`	$32.54K	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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$6.10M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$9.65M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.88M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.71M	USD	Point-in-time
Common Stock, No Par Value	`CommonStockNoParValue`	-	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`	$2.70M	USD	Point-in-time
Accounts receivable, net of allowance of $0 (August 31, 2019 - $0)	`AccountsReceivableNetCurrent`	$2.84M	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
Inventory, net of allowance of $32,538 (August 31, 2019 - $119,357) (note 3)	`InventoryNet`	$6.38M	USD	Point-in-time
Inventory, net of allowance of $32,538 (August 31, 2019 - $119,357) (note 3)	`InventoryNet`	$7.25M	USD	Point-in-time
Note receivable	`NotesReceivableNet`	$897.00	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
Common Stock, Shares, Outstanding	`CommonStockSharesOutstanding`	3.48M	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$867.79K	USD	Point-in-time
Prepaid income taxes	`PrepaidTaxes`	$370.00K	USD	Point-in-time
Prepaid income taxes	`PrepaidTaxes`	$223.42K	USD	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	3.48M	shares	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	3.97M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$15.06M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$19.48M	USD	Point-in-time
Property, plant and equipment, net (note 4)	`PropertyPlantAndEquipmentNet`	$2.78M	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`	$779.00	USD	Point-in-time
Total assets	`Assets`	$17.84M	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`	$449.59K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$1.31M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$921.76K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.37M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.72M	USD	Point-in-time
Deferred tax liability (note 6)	`DeferredTaxLiabilities`	$61.20K	USD	Point-in-time
Deferred tax liability (note 6)	`DeferredTaxLiabilities`	$85.80K	USD	Point-in-time
Total liabilities	`Liabilities`	$1.78M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.46M	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 3,481,162 common shares (August 31, 2019 -3,971,282)	`CommonStockValue`	$821.28K	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 3,481,162 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`	$14.94M	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`	$16.38M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$17.84M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$22.21M	USD	Point-in-time

Income Statement 72 line items

Line Item	Tag	Value	Unit	Period
SALES	`Revenues`	$7.86M	USD	1 Quarter
SALES	`Revenues`	$7.62M	USD	1 Quarter
SALES	`Revenues`	$14.68M	USD	2 Qtrs
SALES	`Revenues`	$16.92M	USD	2 Qtrs
COST OF SALES	`CostOfRevenue`	$6.10M	USD	1 Quarter
COST OF SALES	`CostOfRevenue`	$10.62M	USD	2 Qtrs
COST OF SALES	`CostOfRevenue`	$12.85M	USD	2 Qtrs
COST OF SALES	`CostOfRevenue`	$5.62M	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$2.01M	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$4.05M	USD	2 Qtrs
GROSS PROFIT	`GrossProfit`	$4.07M	USD	2 Qtrs
GROSS PROFIT	`GrossProfit`	$1.76M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$962.04K	USD	2 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$1.41M	USD	2 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$405.89K	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$763.91K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$45.40K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$58.06K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$106.21K	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$96.27K	USD	2 Qtrs
Wages and employee benefits	`SalariesAndWages`	$2.48M	USD	2 Qtrs
Wages and employee benefits	`SalariesAndWages`	$1.35M	USD	1 Quarter
Wages and employee benefits	`SalariesAndWages`	$2.71M	USD	2 Qtrs
Wages and employee benefits	`SalariesAndWages`	$1.25M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$3.53M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$1.70M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$2.17M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$4.23M	USD	2 Qtrs
(Loss) income from operations	`IncomeLossFromContinuingOperations`	$-163.02K	USD	1 Quarter
(Loss) income from operations	`IncomeLossFromContinuingOperations`	$-173.89K	USD	2 Qtrs
(Loss) income from operations	`IncomeLossFromContinuingOperations`	$536.63K	USD	2 Qtrs
(Loss) income from operations	`IncomeLossFromContinuingOperations`	$57.62K	USD	1 Quarter
Gain on sale of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$105.36K	USD	2 Qtrs
Gain on sale of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$400.00	USD	2 Qtrs
Gain on sale of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$105.36K	USD	1 Quarter
Gain on sale of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$400.00	USD	1 Quarter
Interest and other income	`InterestAndOtherIncome`	$6.58K	USD	1 Quarter
Interest and other income	`InterestAndOtherIncome`	$9.18K	USD	1 Quarter
Interest and other income	`InterestAndOtherIncome`	$18.20K	USD	2 Qtrs
Interest and other income	`InterestAndOtherIncome`	$26.34K	USD	2 Qtrs
Total other items	`OtherIncome`	$114.55K	USD	1 Quarter
Total other items	`OtherIncome`	$131.70K	USD	2 Qtrs
Total other items	`OtherIncome`	$18.60K	USD	2 Qtrs
Total other items	`OtherIncome`	$6.98K	USD	1 Quarter
(Loss) income before income taxes	`IncomeLossBeforeIncomeTaxes`	$172.17K	USD	1 Quarter
(Loss) income before income taxes	`IncomeLossBeforeIncomeTaxes`	$-155.30K	USD	2 Qtrs
(Loss) income before income taxes	`IncomeLossBeforeIncomeTaxes`	$-156.04K	USD	1 Quarter
(Loss) income before income taxes	`IncomeLossBeforeIncomeTaxes`	$668.33K	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$-52.55K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$-25.59K	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$-18.23K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$-199.01K	USD	2 Qtrs
Net (loss) income	`NetIncomeLoss`	$469.32K	USD	2 Qtrs
Net (loss) income	`NetIncomeLoss`	$-180.88K	USD	2 Qtrs
Net (loss) income	`NetIncomeLoss`	$-174.26K	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$119.63K	USD	1 Quarter
Basic earnings per common share	`EarningsPerShareBasic`	$-0.05	USD	1 Quarter
Basic earnings per common share	`EarningsPerShareBasic`	$0.11	USD	2 Qtrs
Basic earnings per common share	`EarningsPerShareBasic`	$-0.05	USD	2 Qtrs
Basic earnings per common share	`EarningsPerShareBasic`	$0.03	USD	1 Quarter
Diluted earnings per common share	`EarningsPerShareDiluted`	$0.11	USD	2 Qtrs
Diluted earnings per common share	`EarningsPerShareDiluted`	$-0.05	USD	1 Quarter
Diluted earnings per common share	`EarningsPerShareDiluted`	$-0.05	USD	2 Qtrs
Diluted earnings per common share	`EarningsPerShareDiluted`	$0.03	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	3.56M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	3.81M	shares	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	4.22M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	4.22M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	3.56M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	4.22M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	3.81M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	4.22M	shares	2 Qtrs

Cash Flow Statement 48 line items

Line Item	Tag	Value	Unit	Period
Net (loss) income	`NetIncomeLoss`	$469.32K	USD	2 Qtrs
Net (loss) income	`NetIncomeLoss`	$-180.88K	USD	2 Qtrs
Net (loss) income	`NetIncomeLoss`	$-174.26K	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$119.63K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$45.40K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$58.06K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$106.21K	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$96.27K	USD	2 Qtrs
(Gain) on sale of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$105.36K	USD	2 Qtrs
(Gain) on sale of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$400.00	USD	2 Qtrs
(Gain) on sale of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$105.36K	USD	1 Quarter
(Gain) on sale of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$400.00	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-1.97K	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$24.59K	USD	2 Qtrs
Decrease in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$955.37K	USD	2 Qtrs
Decrease in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$135.29K	USD	2 Qtrs
(Increase) in inventory	`IncreaseDecreaseInInventories`	$-1.90M	USD	2 Qtrs
(Increase) in inventory	`IncreaseDecreaseInInventories`	$-870.74K	USD	2 Qtrs
Decrease in note receivable	`IncreaseDecreaseInNotesReceivables`	$300.00	USD	2 Qtrs
Decrease in note receivable	`IncreaseDecreaseInNotesReceivables`	$2.20K	USD	2 Qtrs
(Increase) in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-218.26K	USD	2 Qtrs
(Increase) in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-474.25K	USD	2 Qtrs
(Increase) in prepaid income taxes	`IncreaseDecreaseInPrepaidTaxes`	$-146.58K	USD	2 Qtrs
(Increase) in prepaid income taxes	`IncreaseDecreaseInPrepaidTaxes`	$-194.52K	USD	2 Qtrs
(Decrease) in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-351.26K	USD	2 Qtrs
(Decrease) in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-858.87K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.76M	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.76M	USD	2 Qtrs
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$152.40K	USD	2 Qtrs
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	-	USD	2 Qtrs
Proceeds from sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$400.00	USD	2 Qtrs
Proceeds from sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$324.67K	USD	2 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$324.67K	USD	2 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-152.00K	USD	2 Qtrs
Redemption of common stock	`PaymentsForRepurchaseOfEquity`	$3.87M	USD	2 Qtrs
Redemption of common stock	`PaymentsForRepurchaseOfEquity`	$957.30K	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-3.87M	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-957.30K	USD	2 Qtrs
Net decrease in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-5.78M	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`	$9.65M	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$3.88M	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$3.71M	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$6.10M	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$9.65M	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$3.88M	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$3.71M	USD	Point-in-time

Stockholders Equity 21 line items

Line Item	Tag	Value	Unit	Period
Equity Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$20.43M	USD	Point-in-time
Equity Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$16.38M	USD	Point-in-time
Equity Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$20.89M	USD	Point-in-time
Equity Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$21.37M	USD	Point-in-time
Shares repurchased and cancelled	`StockRepurchasedAndRetiredDuringPeriodValue`	$-2.10M	USD	2 Qtrs
Shares repurchased and cancelled	`StockRepurchasedAndRetiredDuringPeriodValue`	$-3.87M	USD	2 Qtrs
Shares repurchased and cancelled	`StockRepurchasedAndRetiredDuringPeriodValue`	$-957.30K	USD	2 Qtrs
Shares repurchased and cancelled	`StockRepurchasedAndRetiredDuringPeriodShares`	46,408.00	shares	1 Quarter
Shares repurchased and cancelled	`StockRepurchasedAndRetiredDuringPeriodShares`	95,671.00	shares	1 Quarter
Shares repurchased and cancelled	`StockRepurchasedAndRetiredDuringPeriodShares`	490,120.00	shares	1 Quarter
Shares repurchased and cancelled	`StockRepurchasedAndRetiredDuringPeriodShares`	8,450.00	shares	1 Quarter
Shares repurchased and cancelled	`StockRepurchasedAndRetiredDuringPeriodShares`	195,142.00	shares	1 Quarter
Shares issued pursuant to compensation plans (note 10)	`StockIssuedDuringPeriodValueShareBasedCompensation`	$18.44K	USD	2 Qtrs
Shares issued pursuant to compensation plans (note 10)	`StockIssuedDuringPeriodSharesShareBasedCompensation`	2,294.00	shares	2 Qtrs
Net income (loss)	`ProfitLoss`	$1.63M	USD	2 Qtrs
Net income (loss)	`ProfitLoss`	$469.32K	USD	2 Qtrs
Net income (loss)	`ProfitLoss`	$-180.88K	USD	2 Qtrs
Equity Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$20.43M	USD	Point-in-time
Equity Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$16.38M	USD	Point-in-time
Equity Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$20.89M	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.