10-K Filing

JEWETT CAMERON TRADING CO LTD CIK: 885307 FY 2022

Filing Information

Form Type	10-K
Accession Number	`0001553350-22-000979`
Period End Date	20220831
Filing Date	20221129
Fiscal Year	2022
Fiscal Period	FY
XBRL Instance	jctcf_10k_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 57 Income Statement 42 Cash Flow Statement 44 Stockholders Equity 10

Balance Sheet 57 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`	$250.00K	USD	Point-in-time
Inventory, Net of Allowances, Customer Advances and Progress Billings	`InventoryNetOfAllowancesCustomerAdvancesAndProgressBillings`	$800.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$484.46K	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`	$1.18M	USD	Point-in-time
Common Stock, No Par Value	`CommonStockNoParValue`	-	USD	Point-in-time
Accounts receivable, net of allowance of $0 (August 31, 2021 - $0)	`AccountsReceivableNetCurrent`	$7.09M	USD	Point-in-time
Accounts receivable, net of allowance of $0 (August 31, 2021 - $0)	`AccountsReceivableNetCurrent`	$7.19M	USD	Point-in-time
Common Stock, No Par Value	`CommonStockNoParValue`	-	USD	Point-in-time
Inventory, net of allowance of $800,000 (August 31, 2021 - $250,000) (note 3)	`InventoryNet`	$20.63M	USD	Point-in-time
Preferred Stock, Shares Authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Inventory, net of allowance of $800,000 (August 31, 2021 - $250,000) (note 3)	`InventoryNet`	$14.39M	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
Preferred Stock, No Par Value	`PreferredStockNoParValue`	-	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$2.31M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$1.11M	USD	Point-in-time
Prepaid income taxes	`PrepaidTaxes`	$252.96K	USD	Point-in-time
Prepaid income taxes	`PrepaidTaxes`	$208.96K	USD	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	3.49M	shares	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	3.50M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$29.63M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$25.22M	USD	Point-in-time
Property, plant and equipment, net (note 4)	`PropertyPlantAndEquipmentNet`	$4.83M	USD	Point-in-time
Property, plant and equipment, net (note 4)	`PropertyPlantAndEquipmentNet`	$3.89M	USD	Point-in-time
Intangible assets, net (note 5)	`IntangibleAssetsNetExcludingGoodwill`	$30.90K	USD	Point-in-time
Intangible assets, net (note 5)	`IntangibleAssetsNetExcludingGoodwill`	$33.36K	USD	Point-in-time
Deferred tax assets (Note 6)	`DeferredIncomeTaxAssetsNet`	-	USD	Point-in-time
Deferred tax assets (Note 6)	`DeferredIncomeTaxAssetsNet`	$25.00K	USD	Point-in-time
Total assets	`Assets`	$29.14M	USD	Point-in-time
Total assets	`Assets`	$34.52M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.35M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.57M	USD	Point-in-time
Bank indebtedness (note 7)	`NotesPayable`	$3.00M	USD	Point-in-time
Bank indebtedness (note 7)	`NotesPayable`	$7.00M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$1.86M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$1.80M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$6.15M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$10.42M	USD	Point-in-time
Deferred tax liability (note 6)	`DeferredIncomeTaxLiabilitiesNet`	$116.94K	USD	Point-in-time
Deferred tax liability (note 6)	`DeferredIncomeTaxLiabilitiesNet`	-	USD	Point-in-time
Total liabilities	`Liabilities`	$10.42M	USD	Point-in-time
Total liabilities	`Liabilities`	$6.26M	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 3,495,342 common shares (August 31, 2021 3,489,161)	`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 3,495,342 common shares (August 31, 2021 3,489,161)	`CommonStockValue`	$824.63K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$687.21K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$742.59K	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$21.36M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$22.53M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$22.87M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$19.35M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$24.09M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$34.52M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$29.14M	USD	Point-in-time

Income Statement 42 line items

Line Item	Tag	Value	Unit	Period
SALES	`Revenues`	$62.90M	USD	Annual
SALES	`Revenues`	$57.50M	USD	Annual
COST OF SALES	`CostOfRevenue`	$43.35M	USD	Annual
COST OF SALES	`CostOfRevenue`	$49.11M	USD	Annual
GROSS PROFIT	`GrossProfit`	$13.79M	USD	Annual
GROSS PROFIT	`GrossProfit`	$14.15M	USD	Annual
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$4.01M	USD	Annual
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$3.20M	USD	Annual
Depreciation and amortization (note 4, 5)	`DepreciationAndAmortization`	$319.62K	USD	Annual
Depreciation and amortization (note 4, 5)	`DepreciationAndAmortization`	$244.28K	USD	Annual
Wages and employee benefits	`SalariesAndWages`	$6.96M	USD	Annual
Wages and employee benefits	`SalariesAndWages`	$7.50M	USD	Annual
Total Operating Expenses	`OperatingExpenses`	$11.82M	USD	Annual
Total Operating Expenses	`OperatingExpenses`	$10.41M	USD	Annual
Income from operations	`OperatingIncomeLoss`	$1.97M	USD	Annual
Income from operations	`OperatingIncomeLoss`	$3.74M	USD	Annual
Gain on sale of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	-	USD	Annual
Gain on sale of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$4.53K	USD	Annual
Other income (loss) (note 15)	`OtherIncome`	$12.45K	USD	Annual
Other income (loss) (note 15)	`OtherIncome`	$-230.03K	USD	Annual
Interest expense	`InterestExpense`	$163.04K	USD	Annual
Interest expense	`InterestExpense`	$15.32K	USD	Annual
Gain on extinguishment of debt (note 8)	`GainsLossesOnExtinguishmentOfDebt`	$687.39K	USD	Annual
Gain on extinguishment of debt (note 8)	`GainsLossesOnExtinguishmentOfDebt`	-	USD	Annual
Total other items	`OtherNonoperatingIncomeExpense`	$-388.55K	USD	Annual
Total other items	`OtherNonoperatingIncomeExpense`	$684.52K	USD	Annual
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$4.42M	USD	Annual
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$1.58M	USD	Annual
Current	`IncomeTaxExpenseBenefit`	$949.26K	USD	Annual
Current	`IncomeTaxExpenseBenefit`	$558.82K	USD	Annual
Deferred recovery (expense)	`DeferredIncomeTaxExpenseBenefit`	$19.99K	USD	Annual
Deferred recovery (expense)	`DeferredIncomeTaxExpenseBenefit`	$-141.94K	USD	Annual
Net income for the year	`NetIncomeLoss`	$1.16M	USD	Annual
Net income for the year	`NetIncomeLoss`	$3.45M	USD	Annual
Basic earnings per common share	`EarningsPerShareBasic`	$0.33	USD	Annual
Basic earnings per common share	`EarningsPerShareBasic`	$0.99	USD	Annual
Diluted earnings per common share	`EarningsPerShareDiluted`	$0.33	USD	Annual
Diluted earnings per common share	`EarningsPerShareDiluted`	$0.99	USD	Annual
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	3.49M	shares	Annual
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	3.49M	shares	Annual
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	3.49M	shares	Annual
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	3.49M	shares	Annual

Cash Flow Statement 44 line items

Line Item	Tag	Value	Unit	Period
Net income for the year	`NetIncomeLoss`	$1.16M	USD	Annual
Net income for the year	`NetIncomeLoss`	$3.45M	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$319.62K	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$244.28K	USD	Annual
Stock-based compensation expense	`StockIssuedDuringPeriodValueShareBasedCompensation`	$-56.84K	USD	Annual
Stock-based compensation expense	`StockIssuedDuringPeriodValueShareBasedCompensation`	$-70.39K	USD	Annual
(Gain) on sale of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	-	USD	Annual
(Gain) on sale of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$4.53K	USD	Annual
Gain on extinguishment of debt	`ExtinguishmentOfDebtGainLossNetOfTax`	$680.71K	USD	Annual
Gain on extinguishment of debt	`ExtinguishmentOfDebtGainLossNetOfTax`	-	USD	Annual
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$19.99K	USD	Annual
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-141.94K	USD	Annual
(Increase) in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$105.14K	USD	Annual
(Increase) in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$812.08K	USD	Annual
(Increase) in inventory	`IncreaseDecreaseInInventories`	$5.19M	USD	Annual
(Increase) in inventory	`IncreaseDecreaseInInventories`	$6.24M	USD	Annual
Decrease (increase) in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-1.19M	USD	Annual
Decrease (increase) in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$1.27M	USD	Annual
Decrease (increase) in prepaid income taxes	`IncreaseDecreaseInPrepaidTaxes`	$-43.99K	USD	Annual
Decrease (increase) in prepaid income taxes	`IncreaseDecreaseInPrepaidTaxes`	$252.96K	USD	Annual
Increase in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$274.32K	USD	Annual
Increase in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$36.40K	USD	Annual
(Decrease) in income taxes payable	`IncreaseDecreaseInAccruedTaxesPayable`	-	USD	Annual
(Decrease) in income taxes payable	`IncreaseDecreaseInAccruedTaxesPayable`	$-40.60K	USD	Annual
Net cash (used by) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-3.44M	USD	Annual
Net cash (used by) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-4.42M	USD	Annual
Increase in intangible assets	`IncreaseDecreaseInIntangibleAssetsCurrent`	$3.54K	USD	Annual
Increase in intangible assets	`IncreaseDecreaseInIntangibleAssetsCurrent`	$30.75K	USD	Annual
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.26M	USD	Annual
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.16M	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.26M	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.19M	USD	Annual
Proceeds from bank indebtedness	`ProceedsFromBankDebt`	$3.00M	USD	Annual
Proceeds from bank indebtedness	`ProceedsFromBankDebt`	$4.00M	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$4.00M	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$3.00M	USD	Annual
Net (decrease) in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-2.62M	USD	Annual
Net (decrease) in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-699.85K	USD	Annual
Cash, beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$484.46K	USD	Point-in-time
Cash, beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.18M	USD	Point-in-time
Cash, beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$3.80M	USD	Point-in-time
Cash, end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$484.46K	USD	Point-in-time
Cash, end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.18M	USD	Point-in-time
Cash, end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$3.80M	USD	Point-in-time

Stockholders Equity 10 line items

Line Item	Tag	Value	Unit	Period
Beginning balance, value	`StockholdersEquity`	$22.87M	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$19.35M	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$24.09M	USD	Point-in-time
Shares issued pursuant to compensation plans (note 10)	`StockIssuedDuringPeriodValueIssuedForServices`	$70.39K	USD	Annual
Shares issued pursuant to compensation plans (note 10)	`StockIssuedDuringPeriodValueIssuedForServices`	$56.84K	USD	Annual
Net Income	`NetIncomeLoss`	$1.16M	USD	Annual
Net Income	`NetIncomeLoss`	$3.45M	USD	Annual
Ending balance, value	`StockholdersEquity`	$22.87M	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$19.35M	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$24.09M	USD	Point-in-time

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