10-Q Filing

JEWETT CAMERON TRADING CO LTD CIK: 885307 Q1 2021

Filing Information

Form Type	10-Q
Accession Number	`0001217160-21-000009`
Period End Date	20201130
Filing Date	20210114
Fiscal Year	2021
Fiscal Period	Q1
XBRL Instance	jctcf-20201130.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 58 Income Statement 32 Cash Flow Statement 36 Stockholders Equity 13

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`	$65.00K	USD	Point-in-time
Inventory, Net of Allowances, Customer Advances and Progress Billings	`InventoryNetOfAllowancesCustomerAdvancesAndProgressBillings`	$65.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$8.97M	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
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`	$5.84M	USD	Point-in-time
Accounts receivable, net of allowance of $0 (August 31, 2020 - $0)	`AccountsReceivableNetCurrent`	$6.27M	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, 2020 - $0)	`AccountsReceivableNetCurrent`	$4.25M	USD	Point-in-time
Inventory, net of allowance of $65,000 (August 31, 2020 - $65,000) (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, 2020 - $65,000) (note 3)	`InventoryNet`	$9.42M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$839.87K	USD	Point-in-time
Preferred Stock, No Par Value	`PreferredStockNoParValue`	-	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$1.04M	USD	Point-in-time
Preferred Stock, No Par Value	`PreferredStockNoParValue`	-	USD	Point-in-time
Total current assets	`AssetsCurrent`	$20.31M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$20.35M	USD	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	3.48M	shares	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	3.48M	shares	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`	$3.10M	USD	Point-in-time
Intangible assets, net (note 5)	`IntangibleAssetsNetExcludingGoodwill`	$659.00	USD	Point-in-time
Intangible assets, net (note 5)	`IntangibleAssetsNetExcludingGoodwill`	$599.00	USD	Point-in-time
Total assets	`Assets`	$23.45M	USD	Point-in-time
Total assets	`Assets`	$23.28M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.10M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$974.18K	USD	Point-in-time
Current portion of notes payable (note 8)	`NotesPayableToBankCurrent`	$342.33K	USD	Point-in-time
Current portion of notes payable (note 8)	`NotesPayableToBankCurrent`	$415.99K	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$40.60K	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$219.64K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$1.68M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$2.02M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$3.49M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$3.29M	USD	Point-in-time
Notes payable (note 8)	`NotesPayableToBankNoncurrent`	$264.72K	USD	Point-in-time
Notes payable (note 8)	`NotesPayableToBankNoncurrent`	$338.38K	USD	Point-in-time
Deferred tax liability (note 6)	`DeferredTaxLiabilities`	$96.95K	USD	Point-in-time
Deferred tax liability (note 6)	`DeferredTaxLiabilities`	$56.17K	USD	Point-in-time
Total liabilities	`Liabilities`	$3.93M	USD	Point-in-time
Total liabilities	`Liabilities`	$3.61M	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, 2020 -3,481,162)	`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, 2020 -3,481,162)	`CommonStockValue`	$821.28K	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`	$18.40M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$17.91M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$19.35M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$19.84M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$23.45M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$23.28M	USD	Point-in-time

Income Statement 32 line items

Line Item	Tag	Value	Unit	Period
SALES	`Revenues`	$7.06M	USD	1 Quarter
SALES	`Revenues`	$10.32M	USD	1 Quarter
COST OF SALES	`CostOfRevenue`	$5.01M	USD	1 Quarter
COST OF SALES	`CostOfRevenue`	$7.35M	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$2.05M	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$2.96M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$694.63K	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$649.01K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$48.15K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$50.53K	USD	1 Quarter
Wages and employee benefits	`SalariesAndWages`	$1.36M	USD	1 Quarter
Wages and employee benefits	`SalariesAndWages`	$1.59M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$2.06M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$2.34M	USD	1 Quarter
Income from operations	`IncomeLossFromContinuingOperations`	$-10.87K	USD	1 Quarter
Income from operations	`IncomeLossFromContinuingOperations`	$623.78K	USD	1 Quarter
Interest and other income	`InterestAndOtherIncome`	$3.00K	USD	1 Quarter
Interest and other income	`InterestAndOtherIncome`	$11.62K	USD	1 Quarter
Income before income taxes	`OtherIncome`	$626.78K	USD	1 Quarter
Income before income taxes	`OtherIncome`	$741.00	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$-7.36K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$-138.26K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$488.53K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-6.62K	USD	1 Quarter
Basic earnings per common share	`EarningsPerShareBasic`	-	USD	1 Quarter
Basic earnings per common share	`EarningsPerShareBasic`	$0.14	USD	1 Quarter
Diluted earnings per common share	`EarningsPerShareDiluted`	-	USD	1 Quarter
Diluted earnings per common share	`EarningsPerShareDiluted`	$0.14	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	3.97M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	3.48M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	3.97M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	3.48M	shares	1 Quarter

Cash Flow Statement 36 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$488.53K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-6.62K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$48.15K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$50.53K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-40.78K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-14.10K	USD	1 Quarter
Decrease in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$2.03M	USD	1 Quarter
Decrease in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$671.93K	USD	1 Quarter
(Increase) in inventory	`IncreaseDecreaseInInventories`	$-223.01K	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`	-	USD	1 Quarter
Decrease (increase) in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-175.28K	USD	1 Quarter
Decrease (increase) in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$196.25K	USD	1 Quarter
Decrease in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-297.73K	USD	1 Quarter
Decrease in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-454.86K	USD	1 Quarter
Decrease in prepaid income taxes	`IncreaseDecreaseInPrepaidTaxes`	-	USD	1 Quarter
Decrease in prepaid income taxes	`IncreaseDecreaseInPrepaidTaxes`	$21.46K	USD	1 Quarter
Increase in income taxes payable	`IncreaseDecreaseInIncomeTaxes`	-	USD	1 Quarter
Increase in income taxes payable	`IncreaseDecreaseInIncomeTaxes`	$179.04K	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`	$2.22M	USD	1 Quarter
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$184.25K	USD	1 Quarter
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$28.75K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-184.25K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-28.75K	USD	1 Quarter
Net increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$2.04M	USD	1 Quarter
Net increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-683.06K	USD	1 Quarter
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$8.97M	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$3.80M	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$9.65M	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$5.84M	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$8.97M	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$3.80M	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$9.65M	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$5.84M	USD	Point-in-time

Stockholders Equity 13 line items

Line Item	Tag	Value	Unit	Period
Equity Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$20.43M	USD	Point-in-time
Equity Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$20.42M	USD	Point-in-time
Equity Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$19.35M	USD	Point-in-time
Equity Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$19.84M	USD	Point-in-time
Shares repurchased and cancelled	`StockRepurchasedAndRetiredDuringPeriodValue`	$-3.87M	USD	3 Qtrs
Shares repurchased and cancelled	`StockRepurchasedAndRetiredDuringPeriodShares`	490,120.00	shares	1 Quarter
Net income (loss)	`ProfitLoss`	$-6.62K	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$488.53K	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$2.79M	USD	3 Qtrs
Equity Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$20.43M	USD	Point-in-time
Equity Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$20.42M	USD	Point-in-time
Equity Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$19.35M	USD	Point-in-time
Equity Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$19.84M	USD	Point-in-time

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