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JEWETT-CAMERON TRADING COMPANY LTD. AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
Feb. 29, 2020
Aug. 31, 2019
Current assets    
Cash and cash equivalents $ 3,875,531 $ 9,652,310
Accounts receivable, net of allowance of $0 (August 31, 2019 - $0) 2,700,664 2,835,952
Inventory, net of allowance of $32,538 (August 31, 2019 - $119,357) (note 3) 7,248,548 6,377,805
Note receivable 897 1,197
Prepaid expenses 867,792 393,539
Prepaid income taxes 370,002 223,420
Total current assets 15,063,434 19,484,223
Property, plant and equipment, net (note 4) 2,775,867 2,727,406
Intangible assets, net (note 5) 779 3,048
Total assets 17,840,080 22,214,677
Current liabilities    
Accounts payable 449,586 410,027
Accrued liabilities 921,762 1,312,580
Total current liabilities 1,371,348 1,722,607
Deferred tax liability (note 6) 85,796 61,204
Total liabilities 1,457,144 1,783,811
Stockholders' equity    
Capital stock (note 8, 9) 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) 821,284 936,903
Additional paid-in capital 618,707 618,707
Retained earnings 14,942,945 18,875,256
Total stockholders' equity 16,382,936 20,430,866
Total liabilities and stockholders' equity $ 17,840,080 $ 22,214,677