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JEWETT-CAMERON TRADING COMPANY LTD. AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
Feb. 28, 2021
Aug. 31, 2020
Current assets    
Cash and cash equivalents $ 2,891,734 $ 3,801,037
Accounts receivable, net of allowance of $0 (August 31, 2020 - $0) 5,089,561 6,274,426
Inventory, net of allowance of $250,000 (August 31, 2020 - $65,000) (note 3) [1] 10,035,546 9,198,146
Prepaid expenses 1,498,213 1,036,128
Prepaid income taxes 307,433 0
Total current assets 19,822,487 20,309,737
Property, plant and equipment, net (note 4) [2] 3,411,132 2,967,565
Intangible assets, net (note 5) [3] 539 659
Total assets 23,234,158 23,277,961
Current liabilities    
Accounts payable 756,881 1,095,061
Current portion of notes payable (note 8) [4] 529,439 342,326
Income taxes payable 0 40,596
Accrued liabilities 1,929,599 2,016,300
Total current liabilities 3,215,919 3,494,283
Notes payable (note 8) [4] 151,268 338,381
Deferred tax liability (note 6) [5] 12,872 96,952
Total liabilities 3,380,059 3,929,616
Stockholders' equity    
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) [6] 823,171 821,284
Additional paid-in capital 618,707 618,707
Retained earnings 18,412,221 17,908,354
Total stockholders' equity 19,854,099 19,348,345
Total liabilities and stockholders' equity $ 23,234,158 $ 23,277,961
[1] BS1
[2] BS2
[3] BS3
[4] BS4
[5] BS5
[6] BS6