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JEWETT-CAMERON TRADING COMPANY LTD. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
May 31, 2021
May 31, 2020
May 31, 2021
May 31, 2020
Details        
SALES $ 21,619,952 $ 16,241,239 $ 42,396,591 $ 30,918,345
COST OF SALES 16,037,702 11,931,746 31,239,866 22,555,253
GROSS PROFIT 5,582,250 4,309,493 11,156,725 8,363,092
OPERATING EXPENSES        
Selling, general and administrative expenses 966,299 706,079 2,556,902 2,118,999
Depreciation and amortization 69,353 54,781 175,171 160,992
Wages and employee benefits 1,908,588 1,635,051 5,226,021 4,343,412
Operating expenses 2,944,240 2,395,911 7,958,094 6,623,403
Income from operations 2,638,010 1,913,582 3,198,631 1,739,689
OTHER ITEMS        
Gain on sale of property, plant and equipment 0 2,200 0 2,600
Gain on extinguishment of debt 687,387   687,387  
Interest and other income (6,282) 3,217 (283) 21,414
Other income 681,105 5,417 687,104 24,014
Income before income taxes 3,319,115 1,918,999 3,885,735 1,763,703
Income tax expense (904,638) (522,026) (1,035,896) (547,614)
Net income $ 2,414,477 $ 1,396,973 $ 2,849,839 $ 1,216,089
Basic earnings per common share $ 0.69 $ 0.40 $ 0.82 $ 0.33
Diluted earnings per common share $ 0.69 $ 0.40 $ 0.82 $ 0.33
Basic 3,489,161 3,481,162 3,485,525 3,672,858
Diluted 3,489,161 3,481,162 3,485,525 3,672,858