10-Q Filing

JEWETT CAMERON TRADING CO LTD CIK: 885307 Q3 2020

Filing Information

Form Type	10-Q
Accession Number	`0001217160-20-000041`
Period End Date	20200531
Filing Date	20200715
Fiscal Year	2020
Fiscal Period	Q3
XBRL Instance	jctcf-20200531.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 59 Income Statement 72 Cash Flow Statement 50 Stockholders Equity 22

Balance Sheet 59 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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$9.65M	USD	Point-in-time
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	21.57M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.44M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$6.10M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.27M	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`	$6.88M	USD	Point-in-time
Accounts receivable, net of allowance of $0 (August 31, 2019 - $0)	`AccountsReceivableNetCurrent`	$2.84M	USD	Point-in-time
Common Stock, No Par Value	`CommonStockNoParValue`	-	USD	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`	$6.79M	USD	Point-in-time
Inventory, net of allowance of $32,538 (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
Notes receivable (note 9)	`NotesAndLoansReceivableNetCurrent`	$1.20K	USD	Point-in-time
Preferred Stock, No Par Value	`PreferredStockNoParValue`	-	USD	Point-in-time
Notes receivable (note 9)	`NotesAndLoansReceivableNetCurrent`	$563.01K	USD	Point-in-time
Preferred Stock, No Par Value	`PreferredStockNoParValue`	-	USD	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	3.48M	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$1.34M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$393.54K	USD	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	3.97M	shares	Point-in-time
Prepaid income taxes	`PrepaidTaxes`	$121.73K	USD	Point-in-time
Prepaid income taxes	`PrepaidTaxes`	$223.42K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$18.96M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$19.48M	USD	Point-in-time
Property, plant and equipment, net (note 4)	`PropertyPlantAndEquipmentNet`	$2.77M	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`	$719.00	USD	Point-in-time
Total assets	`Assets`	$21.73M	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`	$1.52M	USD	Point-in-time
Current portion of notes payable (note 8)	`NotesPayableToBankCurrent`	$302.54K	USD	Point-in-time
Current portion of notes payable (note 8)	`NotesPayableToBankCurrent`	-	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$1.31M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$1.65M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.72M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$3.47M	USD	Point-in-time
Notes payable (note 8)	`NotesPayableToBankNoncurrent`	$378.17K	USD	Point-in-time
Deferred tax liability (note 6)	`DeferredTaxLiabilities`	$61.20K	USD	Point-in-time
Deferred tax liability (note 6)	`DeferredTaxLiabilities`	$100.78K	USD	Point-in-time
Total liabilities	`Liabilities`	$1.78M	USD	Point-in-time
Total liabilities	`Liabilities`	$3.95M	USD	Point-in-time
Capital stock (note 10, 11) 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 10, 11) 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`	$16.34M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$18.88M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$17.78M	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`	$21.73M	USD	Point-in-time

Income Statement 72 line items

Line Item	Tag	Value	Unit	Period
SALES	`Revenues`	$16.24M	USD	1 Quarter
SALES	`Revenues`	$33.62M	USD	3 Qtrs
SALES	`Revenues`	$16.69M	USD	1 Quarter
SALES	`Revenues`	$30.92M	USD	3 Qtrs
COST OF SALES	`CostOfRevenue`	$25.91M	USD	3 Qtrs
COST OF SALES	`CostOfRevenue`	$13.05M	USD	1 Quarter
COST OF SALES	`CostOfRevenue`	$22.56M	USD	3 Qtrs
COST OF SALES	`CostOfRevenue`	$11.93M	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$7.71M	USD	3 Qtrs
GROSS PROFIT	`GrossProfit`	$8.36M	USD	3 Qtrs
GROSS PROFIT	`GrossProfit`	$3.64M	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$4.31M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$2.12M	USD	3 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$706.08K	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$1.72M	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`	$54.78K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$160.99K	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$47.14K	USD	1 Quarter
Wages and employee benefits	`SalariesAndWages`	$4.34M	USD	3 Qtrs
Wages and employee benefits	`SalariesAndWages`	$3.80M	USD	3 Qtrs
Wages and employee benefits	`SalariesAndWages`	$1.32M	USD	1 Quarter
Wages and employee benefits	`SalariesAndWages`	$1.64M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$-2.13M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$-5.66M	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$-2.40M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$-6.62M	USD	3 Qtrs
Income from operations	`IncomeLossFromContinuingOperations`	$1.91M	USD	1 Quarter
Income from operations	`IncomeLossFromContinuingOperations`	$1.74M	USD	3 Qtrs
Income from operations	`IncomeLossFromContinuingOperations`	$2.04M	USD	3 Qtrs
Income from operations	`IncomeLossFromContinuingOperations`	$1.51M	USD	1 Quarter
Gain on sale of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	-	USD	1 Quarter
Gain on sale of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$2.60K	USD	3 Qtrs
Gain on sale of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$105.37K	USD	3 Qtrs
Gain on sale of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$2.20K	USD	1 Quarter
Interest and other income	`InterestAndOtherIncome`	$33.37K	USD	3 Qtrs
Interest and other income	`InterestAndOtherIncome`	$21.41K	USD	3 Qtrs
Interest and other income	`InterestAndOtherIncome`	$7.03K	USD	1 Quarter
Interest and other income	`InterestAndOtherIncome`	$3.22K	USD	1 Quarter
Total other items	`OtherIncome`	$5.42K	USD	1 Quarter
Total other items	`OtherIncome`	$7.03K	USD	1 Quarter
Total other items	`OtherIncome`	$24.01K	USD	3 Qtrs
Total other items	`OtherIncome`	$138.73K	USD	3 Qtrs
Income before income taxes	`IncomeLossBeforeIncomeTaxes`	$1.76M	USD	3 Qtrs
Income before income taxes	`IncomeLossBeforeIncomeTaxes`	$1.51M	USD	1 Quarter
Income before income taxes	`IncomeLossBeforeIncomeTaxes`	$1.92M	USD	1 Quarter
Income before income taxes	`IncomeLossBeforeIncomeTaxes`	$2.18M	USD	3 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$-547.61K	USD	3 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$-522.03K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$-614.47K	USD	3 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$-415.46K	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.10M	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.22M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$1.40M	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.57M	USD	3 Qtrs
Basic earnings per common share	`EarningsPerShareBasic`	$0.27	USD	1 Quarter
Basic earnings per common share	`EarningsPerShareBasic`	$0.33	USD	3 Qtrs
Basic earnings per common share	`EarningsPerShareBasic`	$0.40	USD	1 Quarter
Basic earnings per common share	`EarningsPerShareBasic`	$0.36	USD	3 Qtrs
Diluted earnings per common share	`EarningsPerShareDiluted`	$0.27	USD	1 Quarter
Diluted earnings per common share	`EarningsPerShareDiluted`	$0.36	USD	3 Qtrs
Diluted earnings per common share	`EarningsPerShareDiluted`	$0.33	USD	3 Qtrs
Diluted earnings per common share	`EarningsPerShareDiluted`	$0.40	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	3.48M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	4.32M	shares	3 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	3.67M	shares	3 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	4.02M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	3.67M	shares	3 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	4.02M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	4.32M	shares	3 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	3.48M	shares	1 Quarter

Cash Flow Statement 50 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$1.10M	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.22M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$1.40M	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.57M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$143.41K	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$54.78K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$160.99K	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$47.14K	USD	1 Quarter
(Gain) on sale of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	-	USD	1 Quarter
(Gain) on sale of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$2.60K	USD	3 Qtrs
(Gain) on sale of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$105.37K	USD	3 Qtrs
(Gain) on sale of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$2.20K	USD	1 Quarter
Deferred income tax expense	`DeferredIncomeTaxExpenseBenefit`	$4.00K	USD	3 Qtrs
Deferred income tax expense	`DeferredIncomeTaxExpenseBenefit`	$39.57K	USD	3 Qtrs
(Increase) in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-4.04M	USD	3 Qtrs
(Increase) in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-2.97M	USD	3 Qtrs
(Increase) decrease in inventory	`IncreaseDecreaseInInventories`	$-408.28K	USD	3 Qtrs
(Increase) decrease in inventory	`IncreaseDecreaseInInventories`	$1.17M	USD	3 Qtrs
(Increase) in notes receivable	`IncreaseDecreaseInNotesReceivables`	$-561.81K	USD	3 Qtrs
(Increase) in notes receivable	`IncreaseDecreaseInNotesReceivables`	-	USD	3 Qtrs
(Increase) decrease in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$21.27K	USD	3 Qtrs
(Increase) decrease in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-942.54K	USD	3 Qtrs
Decrease (increase) in prepaid income taxes	`IncreaseDecreaseInPrepaidTaxes`	$101.69K	USD	3 Qtrs
Decrease (increase) in prepaid income taxes	`IncreaseDecreaseInPrepaidTaxes`	$-65.97K	USD	3 Qtrs
Increase (decrease) in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$1.45M	USD	3 Qtrs
Increase (decrease) in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-82.15K	USD	3 Qtrs
Net cash (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-2.99M	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`	$207.47K	USD	3 Qtrs
Proceeds from sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$3.90K	USD	3 Qtrs
Proceeds from sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$327.08K	USD	3 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-203.57K	USD	3 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$318.96K	USD	3 Qtrs
Increase in notes payable	`ProceedsFromNotesPayable`	$680.71K	USD	3 Qtrs
Increase in notes payable	`ProceedsFromNotesPayable`	-	USD	3 Qtrs
Redemption of common stock	`PaymentsForRepurchaseOfEquity`	$2.66M	USD	3 Qtrs
Redemption of common stock	`PaymentsForRepurchaseOfEquity`	$3.87M	USD	3 Qtrs
Net cash (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-2.66M	USD	3 Qtrs
Net cash (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-3.19M	USD	3 Qtrs
Net (decrease) increase in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-6.38M	USD	3 Qtrs
Net (decrease) increase in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-2.66M	USD	3 Qtrs
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$9.65M	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$3.44M	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$6.10M	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$3.27M	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$9.65M	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$3.44M	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$6.10M	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$3.27M	USD	Point-in-time

Stockholders Equity 22 line items

Line Item	Tag	Value	Unit	Period
Equity Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$17.78M	USD	Point-in-time
Equity Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$21.37M	USD	Point-in-time
Equity Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$20.28M	USD	Point-in-time
Equity Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$20.43M	USD	Point-in-time
Shares repurchased and cancelled	`StockRepurchasedAndRetiredDuringPeriodValue`	$-399.59K	USD	1 Quarter
Shares repurchased and cancelled	`StockRepurchasedAndRetiredDuringPeriodValue`	$-3.87M	USD	3 Qtrs
Shares repurchased and cancelled	`StockRepurchasedAndRetiredDuringPeriodValue`	$-2.66M	USD	3 Qtrs
Shares repurchased and cancelled	`StockRepurchasedAndRetiredDuringPeriodShares`	46,408.00	shares	1 Quarter
Shares repurchased and cancelled	`StockRepurchasedAndRetiredDuringPeriodShares`	195,142.00	shares	1 Quarter
Shares repurchased and cancelled	`StockRepurchasedAndRetiredDuringPeriodShares`	8,450.00	shares	1 Quarter
Shares repurchased and cancelled	`StockRepurchasedAndRetiredDuringPeriodShares`	490,120.00	shares	3 Qtrs
Shares repurchased and cancelled	`StockRepurchasedAndRetiredDuringPeriodShares`	95,671.00	shares	1 Quarter
Shares issued pursuant to compensation plans (note 12)	`StockIssuedDuringPeriodValueShareBasedCompensation`	$18.44K	USD	1 Quarter
Shares issued pursuant to compensation plans (note 12)	`StockIssuedDuringPeriodValueShareBasedCompensation`	$18.44K	USD	3 Qtrs
Shares issued pursuant to compensation plans (note 12)	`StockIssuedDuringPeriodSharesShareBasedCompensation`	2,294.00	shares	Point-in-time
Net income	`ProfitLoss`	$1.22M	USD	3 Qtrs
Net income	`ProfitLoss`	$532.92K	USD	1 Quarter
Net income	`ProfitLoss`	$1.57M	USD	3 Qtrs
Equity Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$17.78M	USD	Point-in-time
Equity Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$21.37M	USD	Point-in-time
Equity Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$20.28M	USD	Point-in-time
Equity Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$20.43M	USD	Point-in-time

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