10-Q Filing

JEWETT CAMERON TRADING CO LTD CIK: 885307 Q2 2021

Filing Information

Form Type	10-Q
Accession Number	`0001217160-21-000029`
Period End Date	20210228
Filing Date	20210414
Fiscal Year	2021
Fiscal Period	Q2
XBRL Instance	jctcf-20210228.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 60 Income Statement 68 Cash Flow Statement 48 Stockholders Equity 14

Balance Sheet 60 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`	$250.00K	USD	Point-in-time
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	21.57M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.89M	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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.80M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.88M	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`	$5.09M	USD	Point-in-time
Inventory, net of allowance of $250,000 (August 31, 2020 - $65,000) (note 3)	`InventoryNet`	$10.04M	USD	Point-in-time
Preferred Stock, Shares Authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Inventory, net of allowance of $250,000 (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, No Par Value	`PreferredStockNoParValue`	-	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$1.04M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$1.50M	USD	Point-in-time
Preferred Stock, No Par Value	`PreferredStockNoParValue`	-	USD	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	3.49M	shares	Point-in-time
Prepaid income taxes	`PrepaidTaxes`	-	USD	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	3.48M	shares	Point-in-time
Prepaid income taxes	`PrepaidTaxes`	$307.43K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$19.82M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$20.31M	USD	Point-in-time
Property, plant and equipment, net (note 4)	`PropertyPlantAndEquipmentNet`	$3.41M	USD	Point-in-time
Property, plant and equipment, net (note 4)	`PropertyPlantAndEquipmentNet`	$2.97M	USD	Point-in-time
Intangible assets, net (note 5)	`IntangibleAssetsNetExcludingGoodwill`	$539.00	USD	Point-in-time
Intangible assets, net (note 5)	`IntangibleAssetsNetExcludingGoodwill`	$659.00	USD	Point-in-time
Total assets	`Assets`	$23.28M	USD	Point-in-time
Total assets	`Assets`	$23.23M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$756.88K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.10M	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`	$529.44K	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`	$2.02M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$1.93M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$3.22M	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`	$151.27K	USD	Point-in-time
Deferred tax liability (note 6)	`DeferredTaxLiabilities`	$12.87K	USD	Point-in-time
Deferred tax liability (note 6)	`DeferredTaxLiabilities`	$96.95K	USD	Point-in-time
Total liabilities	`Liabilities`	$3.38M	USD	Point-in-time
Total liabilities	`Liabilities`	$3.93M	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 3,489,161 common shares (August 31, 2020 - 3,481,162)	`CommonStockValue`	$823.17K	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 3,489,161 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`	$18.41M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$17.91M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$19.85M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$19.35M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$23.23M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$23.28M	USD	Point-in-time

Income Statement 68 line items

Line Item	Tag	Value	Unit	Period
SALES	`Revenues`	$20.78M	USD	2 Qtrs
SALES	`Revenues`	$7.62M	USD	1 Quarter
SALES	`Revenues`	$10.46M	USD	1 Quarter
SALES	`Revenues`	$14.68M	USD	2 Qtrs
COST OF SALES	`CostOfRevenue`	$10.62M	USD	2 Qtrs
COST OF SALES	`CostOfRevenue`	$7.85M	USD	1 Quarter
COST OF SALES	`CostOfRevenue`	$15.20M	USD	2 Qtrs
COST OF SALES	`CostOfRevenue`	$5.62M	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$5.57M	USD	2 Qtrs
GROSS PROFIT	`GrossProfit`	$4.05M	USD	2 Qtrs
GROSS PROFIT	`GrossProfit`	$2.01M	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$2.61M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$763.91K	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$1.59M	USD	2 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$1.41M	USD	2 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$895.97K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$105.82K	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$55.29K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$58.06K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$106.21K	USD	2 Qtrs
Wages and employee benefits	`SalariesAndWages`	$1.35M	USD	1 Quarter
Wages and employee benefits	`SalariesAndWages`	$1.72M	USD	1 Quarter
Wages and employee benefits	`SalariesAndWages`	$3.32M	USD	2 Qtrs
Wages and employee benefits	`SalariesAndWages`	$2.71M	USD	2 Qtrs
Operating Expenses	`OperatingExpenses`	$4.23M	USD	2 Qtrs
Operating Expenses	`OperatingExpenses`	$2.17M	USD	1 Quarter
Operating Expenses	`OperatingExpenses`	$2.67M	USD	1 Quarter
Operating Expenses	`OperatingExpenses`	$5.01M	USD	2 Qtrs
(Loss) income from operations	`IncomeLossFromContinuingOperations`	$-173.89K	USD	2 Qtrs
(Loss) income from operations	`IncomeLossFromContinuingOperations`	$-63.16K	USD	1 Quarter
(Loss) income from operations	`IncomeLossFromContinuingOperations`	$560.62K	USD	2 Qtrs
(Loss) income from operations	`IncomeLossFromContinuingOperations`	$-163.02K	USD	1 Quarter
Gain on sale of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	-	USD	2 Qtrs
Gain on sale of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$400.00	USD	1 Quarter
Gain on sale of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$400.00	USD	2 Qtrs
Gain on sale of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	-	USD	1 Quarter
Interest and other income	`InterestAndOtherIncome`	$6.58K	USD	1 Quarter
Interest and other income	`InterestAndOtherIncome`	$3.00K	USD	1 Quarter
Interest and other income	`InterestAndOtherIncome`	$18.20K	USD	2 Qtrs
Interest and other income	`InterestAndOtherIncome`	$6.00K	USD	2 Qtrs
(Loss) income before income taxes	`OtherIncome`	$-60.16K	USD	1 Quarter
(Loss) income before income taxes	`OtherIncome`	$-155.30K	USD	2 Qtrs
(Loss) income before income taxes	`OtherIncome`	$566.62K	USD	2 Qtrs
(Loss) income before income taxes	`OtherIncome`	$-156.04K	USD	1 Quarter
Income tax recovery (expense)	`IncomeTaxExpenseBenefit`	$-25.59K	USD	2 Qtrs
Income tax recovery (expense)	`IncomeTaxExpenseBenefit`	$-18.23K	USD	1 Quarter
Income tax recovery (expense)	`IncomeTaxExpenseBenefit`	$-131.26K	USD	2 Qtrs
Income tax recovery (expense)	`IncomeTaxExpenseBenefit`	$7.00K	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$-180.88K	USD	2 Qtrs
Net (loss) income	`NetIncomeLoss`	$-174.26K	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$435.36K	USD	2 Qtrs
Net (loss) income	`NetIncomeLoss`	$-53.16K	USD	1 Quarter
Basic (loss) earnings per common share	`EarningsPerShareBasic`	$-0.02	USD	1 Quarter
Basic (loss) earnings per common share	`EarningsPerShareBasic`	$-0.05	USD	1 Quarter
Basic (loss) earnings per common share	`EarningsPerShareBasic`	$0.12	USD	2 Qtrs
Basic (loss) earnings per common share	`EarningsPerShareBasic`	$-0.05	USD	2 Qtrs
Diluted (loss) earnings per common share	`EarningsPerShareDiluted`	$-0.05	USD	2 Qtrs
Diluted (loss) earnings per common share	`EarningsPerShareDiluted`	$-0.05	USD	1 Quarter
Diluted (loss) earnings per common share	`EarningsPerShareDiluted`	$0.12	USD	2 Qtrs
Diluted (loss) earnings per common share	`EarningsPerShareDiluted`	$-0.02	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	3.49M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	3.48M	shares	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	3.81M	shares	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	3.56M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	3.49M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	3.81M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	3.48M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	3.56M	shares	1 Quarter

Cash Flow Statement 48 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$-180.88K	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$-174.26K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$435.36K	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$-53.16K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$105.82K	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$55.29K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$58.06K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$106.21K	USD	2 Qtrs
(Gain) on sale of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	-	USD	2 Qtrs
(Gain) on sale of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$400.00	USD	1 Quarter
(Gain) on sale of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$400.00	USD	2 Qtrs
(Gain) on sale of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	-	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-84.08K	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$24.59K	USD	2 Qtrs
Decrease in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$1.18M	USD	2 Qtrs
Decrease in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$135.29K	USD	2 Qtrs
(Increase) in inventory	`IncreaseDecreaseInInventories`	$-870.74K	USD	2 Qtrs
(Increase) in inventory	`IncreaseDecreaseInInventories`	$-837.40K	USD	2 Qtrs
Decrease in note receivable	`IncreaseDecreaseInNotesReceivables`	-	USD	2 Qtrs
Decrease in note receivable	`IncreaseDecreaseInNotesReceivables`	$300.00	USD	2 Qtrs
(Increase) in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-474.25K	USD	2 Qtrs
(Increase) in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-462.08K	USD	2 Qtrs
(Increase) in prepaid income taxes	`IncreaseDecreaseInPrepaidTaxes`	$-146.58K	USD	2 Qtrs
(Increase) in prepaid income taxes	`IncreaseDecreaseInPrepaidTaxes`	$-307.43K	USD	2 Qtrs
(Decrease) in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-351.26K	USD	2 Qtrs
(Decrease) in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-424.88K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.76M	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-389.83K	USD	2 Qtrs
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$519.47K	USD	2 Qtrs
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$152.40K	USD	2 Qtrs
Proceeds from sale of property, plant and equipment	`ProceedsFromSaleOfMachineryAndEquipment`	$400.00	USD	2 Qtrs
Proceeds from sale of property, plant and equipment	`ProceedsFromSaleOfMachineryAndEquipment`	-	USD	2 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-519.47K	USD	2 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-152.00K	USD	2 Qtrs
Redemption of common stock	`PaymentsForRepurchaseOfEquity`	-	USD	2 Qtrs
Redemption of common stock	`PaymentsForRepurchaseOfEquity`	$3.87M	USD	2 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-3.87M	USD	2 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	-	USD	2 Qtrs
Net decrease in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-909.30K	USD	2 Qtrs
Net decrease in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-5.78M	USD	2 Qtrs
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$2.89M	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$9.65M	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$3.80M	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$3.88M	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$2.89M	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$9.65M	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$3.80M	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$3.88M	USD	Point-in-time

Stockholders Equity 14 line items

Line Item	Tag	Value	Unit	Period
Equity Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$19.85M	USD	Point-in-time
Equity Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$20.43M	USD	Point-in-time
Equity Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$19.35M	USD	Point-in-time
Equity Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$16.38M	USD	Point-in-time
Shares repurchased and cancelled	`StockRepurchasedAndRetiredDuringPeriodValue`	$-3.87M	USD	2 Qtrs
Shares repurchased and cancelled	`StockRepurchasedAndRetiredDuringPeriodShares`	490,120.00	shares	1 Quarter
Shares issued pursuant to compensation plans (note 11)	`StockIssuedDuringPeriodValueIssuedForServices`	$70.39K	USD	2 Qtrs
Net income (loss)	`ProfitLoss`	$-180.88K	USD	2 Qtrs
Net income (loss)	`ProfitLoss`	$2.97M	USD	2 Qtrs
Net income (loss)	`ProfitLoss`	$435.36K	USD	2 Qtrs
Equity Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$19.85M	USD	Point-in-time
Equity Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$20.43M	USD	Point-in-time
Equity Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$19.35M	USD	Point-in-time
Equity Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$16.38M	USD	Point-in-time

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