XML 11 R2.htm IDEA: XBRL DOCUMENT v3.21.2
JEWETT-CAMERON TRADING COMPANY LTD. AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
May 31, 2021
Aug. 31, 2020
Current assets    
Cash and cash equivalents $ 2,170,046 $ 3,801,037
Accounts receivable, net of allowance of $0 (August 31, 2020 - $0) 11,051,061 6,274,426
Inventory, net of allowance of $250,000 (August 31, 2020 - $65,000) (note 3) [1] 7,767,640 9,198,146
Prepaid expenses 2,580,856 1,036,128
Total current assets 23,569,603 20,309,737
Property, plant and equipment, net (note 4) [2] 3,799,402 2,967,565
Intangible assets, net (note 5) [3] 12,910 659
Total assets 27,381,915 23,277,961
Current liabilities    
Accounts payable 1,557,721 1,095,061
Bank indebtedness (note 7) [4] 996,010 0
Current portion of notes payable (note 8) [4] 0 342,326
Income taxes payable 230,190 40,596
Accrued liabilities 2,290,235 2,016,300
Total current liabilities 5,074,156 3,494,283
Notes payable (note 8) [4] 0 338,381
Deferred tax liability (note 6) [5] 39,184 96,952
Total liabilities 5,113,340 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 687,211 618,707
Retained earnings 20,758,193 17,908,354
Total stockholders' equity 22,268,575 19,348,345
Total liabilities and stockholders' equity $ 27,381,915 $ 23,277,961
[1] BS1
[2] BS2
[3] BS3
[4] BS4
[5] BS5
[6] BS6