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JEWETT-CAMERON TRADING COMPANY LTD. CONSOLIDATED BALANCE SHEETS (Prepared by Management) (Unaudited) - USD ($)
May. 31, 2015
Aug. 31, 2014
Current assets    
Cash $ 1,836,849 $ 4,327,540
Accounts receivable, net of allowance of $Nil (August 31, 2014 - $Nil) 4,926,096 2,442,928
Inventory, net of allowance of $81,249 (August 31, 2014 - $111,756) [1] 8,617,284 9,154,129
Note receivable 1,425 15,000
Prepaid expenses 721,339 762,533
Prepaid income taxes 195,484 546,347
Total current assets 16,298,477 17,248,477
Non current assets    
Property, plant and equipment, net [2] 2,076,263 2,147,387
Intangible assets, net [3] 241,426 295,956
Total non-current assets 2,317,689 2,443,343
Total assets 18,616,166 19,691,820
Current liabilities    
Accounts payable 626,523 240,825
Litigation reserve [4] 97,404 117,387
Accrued liabilities 959,037 1,073,930
Total current liabilities 1,682,964 1,432,142
Deferred tax liability [5] 56,100 60,972
Total non current liabilities 56,100 60,972
Total liabilities 1,739,064 1,493,114
Stockholders' equity    
Capital stock authorized, 21,567,564 common shares without par value 10,000,000 preferred shares without par value. Issued, 2,496,610 common shares (August 31, 2014 - 2,704,630) [6] 1,178,044 1,276,201
Additional paid-in capital 600,804 600,804
Retained earnings 15,098,254 16,321,701
Total stockholders' equity 16,877,102 18,198,706
Total liabilities and stockholders' equity [7] $ 18,616,166 $ 19,691,820
[1] Note 3
[2] Not e 4
[3] Note 5
[4] Note 13a
[5] Note 6
[6] Note 8
[7] Note 13