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JEWETT-CAMERON TRADING COMPANY LTD. AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
Nov. 30, 2020
Aug. 31, 2020
Current assets    
Cash and cash equivalents $ 5,839,952 $ 3,801,037
Accounts receivable, net of allowance of $0 (August 31, 2020 - $0) 4,246,957 6,274,426
Inventory, net of allowance of $65,000 (August 31, 2020 - $65,000) (note 3) [1] 9,421,159 9,198,146
Prepaid expenses 839,873 1,036,128
Total current assets 20,347,941 20,309,737
Property, plant and equipment, net (note 4) [2] 3,101,343 2,967,565
Intangible assets, net (note 5) [3] 599 659
Total assets 23,449,883 23,277,961
Current liabilities    
Accounts payable 974,176 1,095,061
Current portion of notes payable (note 8) [4] 415,988 342,326
Income taxes payable 219,636 40,596
Accrued liabilities 1,682,324 2,016,300
Total current liabilities 3,292,124 3,494,283
Notes payable (note 8) [4] 264,719 338,381
Deferred tax liability (note 6) [5] 56,168 96,952
Total liabilities 3,613,011 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 3,481,162 common shares (August 31, 2020 -3,481,162) [6] 821,284 821,284
Additional paid-in capital 618,707 618,707
Retained earnings 18,396,881 17,908,354
Total stockholders' equity 19,836,872 19,348,345
Total liabilities and stockholders' equity $ 23,449,883 $ 23,277,961
[1] BS1
[2] BS2
[3] BS3
[4] BS4
[5] BS5
[6] BS6