10-K Filing

JEWETT CAMERON TRADING CO LTD CIK: 885307 FY 2020

Filing Information

Form Type	10-K
Accession Number	`0001217160-20-000094`
Period End Date	20200831
Filing Date	20201112
Fiscal Year	2020
Fiscal Period	FY
XBRL Instance	jctcf-20200831.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 61 Income Statement 38 Cash Flow Statement 46 Stockholders Equity 7

Balance Sheet 61 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`	$65.00K	USD	Point-in-time
Inventory, Net of Allowances, Customer Advances and Progress Billings	`InventoryNetOfAllowancesCustomerAdvancesAndProgressBillings`	$119.36K	USD	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`	$6.10M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.80M	USD	Point-in-time
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	21.57M	shares	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`	$6.27M	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
Inventory, net of allowance of $65,000 (August 31, 2019 - $119,357) (note 3)	`InventoryNet`	$9.20M	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 $65,000 (August 31, 2019 - $119,357) (note 3)	`InventoryNet`	$6.38M	USD	Point-in-time
Note receivable	`NotesAndLoansReceivableNetCurrent`	-	USD	Point-in-time
Preferred Stock, No Par Value	`PreferredStockNoParValue`	-	USD	Point-in-time
Note receivable	`NotesAndLoansReceivableNetCurrent`	$1.20K	USD	Point-in-time
Preferred Stock, No Par Value	`PreferredStockNoParValue`	-	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$1.04M	USD	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	3.97M	shares	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	3.48M	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$393.54K	USD	Point-in-time
Prepaid income taxes	`PrepaidTaxes`	-	USD	Point-in-time
Prepaid income taxes	`PrepaidTaxes`	$223.42K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$19.48M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$20.31M	USD	Point-in-time
Property, plant and equipment, net (note 4)	`PropertyPlantAndEquipmentNet`	$2.97M	USD	Point-in-time
Property, plant and equipment, net (note 4)	`PropertyPlantAndEquipmentNet`	$2.73M	USD	Point-in-time
Intangible assets, net (note 5)	`IntangibleAssetsNetExcludingGoodwill`	$659.00	USD	Point-in-time
Intangible assets, net (note 5)	`IntangibleAssetsNetExcludingGoodwill`	$3.05K	USD	Point-in-time
Total assets	`Assets`	$23.28M	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`	$1.10M	USD	Point-in-time
Current portion of notes payable (note 8)	`NotesPayableToBankCurrent`	-	USD	Point-in-time
Current portion of notes payable (note 8)	`NotesPayableToBankCurrent`	$342.33K	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$40.60K	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	-	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$1.31M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$2.02M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.72M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$3.49M	USD	Point-in-time
Notes payable (note 8)	`NotesPayableToBankNoncurrent`	$338.38K	USD	Point-in-time
Notes payable (note 8)	`NotesPayableToBankNoncurrent`	-	USD	Point-in-time
Deferred tax liability (note 6)	`DeferredTaxLiabilities`	$96.95K	USD	Point-in-time
Deferred tax liability (note 6)	`DeferredTaxLiabilities`	$61.20K	USD	Point-in-time
Total liabilities	`Liabilities`	$3.93M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.78M	USD	Point-in-time
Capital stock (note 9, 10) 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 9, 10) 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`	$17.91M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$18.88M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$19.35M	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`	$23.28M	USD	Point-in-time

Income Statement 38 line items

Line Item	Tag	Value	Unit	Period
SALES	`Revenues`	$44.95M	USD	Annual
SALES	`Revenues`	$45.45M	USD	Annual
COST OF SALES	`CostOfRevenue`	$32.47M	USD	Annual
COST OF SALES	`CostOfRevenue`	$35.48M	USD	Annual
GROSS PROFIT	`GrossProfit`	$9.96M	USD	Annual
GROSS PROFIT	`GrossProfit`	$12.47M	USD	Annual
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$2.50M	USD	Annual
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$2.13M	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$217.71K	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$191.82K	USD	Annual
Wages and employee benefits	`SalariesAndWages`	$4.91M	USD	Annual
Wages and employee benefits	`SalariesAndWages`	$5.89M	USD	Annual
Total operating expenses	`OperatingExpenses`	$8.62M	USD	Annual
Total operating expenses	`OperatingExpenses`	$7.23M	USD	Annual
Income from operations	`IncomeLossFromContinuingOperations`	$2.74M	USD	Annual
Income from operations	`IncomeLossFromContinuingOperations`	$3.86M	USD	Annual
Gain on sale of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$105.37K	USD	Annual
Gain on sale of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$6.60K	USD	Annual
Interest and other income	`InterestAndOtherIncome`	$45.23K	USD	Annual
Interest and other income	`InterestAndOtherIncome`	$24.42K	USD	Annual
Total other items	`OtherIncome`	$150.59K	USD	Annual
Total other items	`OtherIncome`	$31.02K	USD	Annual
Income before income taxes	`IncomeLossBeforeIncomeTaxes`	$3.89M	USD	Annual
Income before income taxes	`IncomeLossBeforeIncomeTaxes`	$2.89M	USD	Annual
Current	`IncomeTaxExpenseBenefit`	$1.07M	USD	Annual
Current	`IncomeTaxExpenseBenefit`	$808.34K	USD	Annual
Deferred (recovery)	`DeferredIncomeTaxExpenseBenefit`	$35.75K	USD	Annual
Deferred (recovery)	`DeferredIncomeTaxExpenseBenefit`	$-20.65K	USD	Annual
Net income for the year	`NetIncomeLoss`	$2.78M	USD	Annual
Net income for the year	`NetIncomeLoss`	$2.10M	USD	Annual
Basic earnings per common share	`EarningsPerShareBasic`	$0.77	USD	Annual
Basic earnings per common share	`EarningsPerShareBasic`	$0.50	USD	Annual
Diluted earnings per common share	`EarningsPerShareDiluted`	$0.77	USD	Annual
Diluted earnings per common share	`EarningsPerShareDiluted`	$0.50	USD	Annual
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	3.62M	shares	Annual
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	4.23M	shares	Annual
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	4.23M	shares	Annual
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	3.62M	shares	Annual

Cash Flow Statement 46 line items

Line Item	Tag	Value	Unit	Period
Net income for the year	`NetIncomeLoss`	$2.78M	USD	Annual
Net income for the year	`NetIncomeLoss`	$2.10M	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$217.71K	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$191.82K	USD	Annual
(Gain) on sale of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$105.37K	USD	Annual
(Gain) on sale of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$6.60K	USD	Annual
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$35.75K	USD	Annual
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-20.65K	USD	Annual
(Increase) decrease in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-3.44M	USD	Annual
(Increase) decrease in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$1.32M	USD	Annual
Decrease in note receivable	`IncreaseDecreaseInNotesReceivables`	$2.80K	USD	Annual
Decrease in note receivable	`IncreaseDecreaseInNotesReceivables`	$1.20K	USD	Annual
(Increase) decrease in inventory	`IncreaseDecreaseInInventories`	$-2.82M	USD	Annual
(Increase) decrease in inventory	`IncreaseDecreaseInInventories`	$3.43M	USD	Annual
(Increase) in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-642.59K	USD	Annual
(Increase) in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-46.29K	USD	Annual
Decrease (increase) in prepaid income taxes	`IncreaseDecreaseInPrepaidTaxes`	$-109.11K	USD	Annual
Decrease (increase) in prepaid income taxes	`IncreaseDecreaseInPrepaidTaxes`	$223.42K	USD	Annual
Increase (decrease) in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-449.69K	USD	Annual
Increase (decrease) in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$1.39M	USD	Annual
Increase in income taxes payable	`IncreaseDecreaseInIncomeTaxes`	$40.60K	USD	Annual
Increase in income taxes payable	`IncreaseDecreaseInIncomeTaxes`	-	USD	Annual
Net cash (used by) provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$6.31M	USD	Annual
Net cash (used by) provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-2.22M	USD	Annual
Proceeds on sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$400.00	USD	Annual
Proceeds on sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$324.68K	USD	Annual
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$32.73K	USD	Annual
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$449.28K	USD	Annual
Net cash (used in) provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$291.94K	USD	Annual
Net cash (used in) provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-448.88K	USD	Annual
Increase in notes payable	`ProceedsFromNotesPayable`	-	USD	Annual
Increase in notes payable	`ProceedsFromNotesPayable`	$680.71K	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`	$3.87M	USD	Annual
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-3.19M	USD	Annual
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-3.04M	USD	Annual
Net (decrease) increase in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-5.85M	USD	Annual
Net (decrease) increase in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$3.55M	USD	Annual
Cash, beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$9.65M	USD	Point-in-time
Cash, beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$6.10M	USD	Point-in-time
Cash, beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$3.80M	USD	Point-in-time
Cash, end of year	`CashAndCashEquivalentsAtCarryingValue`	$9.65M	USD	Point-in-time
Cash, end of year	`CashAndCashEquivalentsAtCarryingValue`	$6.10M	USD	Point-in-time
Cash, end of year	`CashAndCashEquivalentsAtCarryingValue`	$3.80M	USD	Point-in-time

Stockholders Equity 7 line items

Line Item	Tag	Value	Unit	Period
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	Annual
Shares repurchased and cancelled	`StockRepurchasedAndRetiredDuringPeriodShares`	95,671.00	shares	1 Quarter
Shares issued pursuant to compensation plans (note 11)	`StockIssuedDuringPeriodValueShareBasedCompensation`	$18.44K	USD	Annual
Shares issued pursuant to compensation plans (note 11)	`StockIssuedDuringPeriodSharesShareBasedCompensation`	2,294.00	shares	Point-in-time

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