$JFIL
Jubilant Flame International, Ltd

2021 Q4 Form 10-Q Financial Statement

#000147793221007032 Filed on October 05, 2021

View on sec.gov

Income Statement

Concept 2021 Q4 2021 Q3 2020 Q3
Revenue $0.00 $0.00 $0.00
YoY Change -100.0%
Cost Of Revenue $0.00 $0.00 $0.00
YoY Change -100.0%
Gross Profit $0.00 $0.00 $0.00
YoY Change -100.0%
Gross Profit Margin
Selling, General & Admin $23.25K $18.33K $19.87K
YoY Change 1.13% -7.75% -12.7%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $0.00
YoY Change
% of Gross Profit
Operating Expenses $23.25K $18.33K $19.87K
YoY Change 1.17% -7.75% -12.7%
Operating Profit -$23.25K -$18.33K -$19.87K
YoY Change 1.17% -7.74% 14.21%
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net $0.00 $22.00K $0.00
YoY Change
Pretax Income -$23.25K $3.667K -$19.87K
YoY Change 1.17% -118.45% 14.21%
Income Tax
% Of Pretax Income
Net Earnings -$23.25K $3.667K -$19.87K
YoY Change 1.17% -118.45% 14.21%
Net Earnings / Revenue
Basic Earnings Per Share $0.00 $0.00 $0.00
Diluted Earnings Per Share -$1.189K $186.50 -$1.043K
COMMON SHARES
Basic Shares Outstanding 19.55M shares 19.55M shares 19.05M shares
Diluted Shares Outstanding 19.67M shares 19.67M shares

Balance Sheet

Concept 2021 Q4 2021 Q3 2020 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $17.63K $24.61K $2.480K
YoY Change 137.92% 892.34% 3.33%
Cash & Equivalents $17.63K $24.61K $2.483K
Short-Term Investments
Other Short-Term Assets $14.00K $3.000K $3.000K
YoY Change 16.67% 0.0% 0.0%
Inventory
Prepaid Expenses $14.00K $3.000K
Receivables $9.380K $9.380K $9.380K
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $41.01K $37.00K $14.87K
YoY Change 42.4% 148.8% 25.59%
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $0.00 $0.00 $0.00
YoY Change
TOTAL ASSETS
Total Short-Term Assets $41.01K $37.00K $14.87K
Total Long-Term Assets $0.00 $0.00 $0.00
Total Assets $41.01K $37.00K $14.87K
YoY Change 42.4% 148.8% 25.59%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $20.55K $14.00K $2.050K
YoY Change 582.93% 1266.67%
Accrued Expenses $535.5K $535.5K $535.5K
YoY Change 0.0% 0.0% 0.0%
Deferred Revenue
YoY Change
Short-Term Debt $583.9K $567.7K $516.4K
YoY Change 7.38% 9.93% 14.02%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $1.188M $1.165M $1.102M
YoY Change 4.72% 5.74% 5.86%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $0.00 $0.00 $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $1.188M $1.165M $1.102M
Total Long-Term Liabilities $0.00 $0.00 $0.00
Total Liabilities $1.188M $1.165M $1.102M
YoY Change 4.72% 5.74% 5.86%
SHAREHOLDERS EQUITY
Retained Earnings -$3.633M -$3.610M
YoY Change
Common Stock $19.55K $19.55K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$1.147M -$1.128M -$1.087M
YoY Change
Total Liabilities & Shareholders Equity $41.01K $37.00K $14.87K
YoY Change 42.4% 148.8% 25.59%

Cashflow Statement

Concept 2021 Q4 2021 Q3 2020 Q3
OPERATING ACTIVITIES
Net Income -$23.25K $3.667K -$19.87K
YoY Change 1.17% -118.45% 14.21%
Depreciation, Depletion And Amortization $0.00
YoY Change
Cash From Operating Activities -$23.21K $18.17K -$18.93K
YoY Change 3.43% -195.99% 60.29%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 16.23K 3.760K 15.84K
YoY Change -40.7% -76.26% 436.95%
NET CHANGE
Cash From Operating Activities -23.21K 18.17K -18.93K
Cash From Investing Activities
Cash From Financing Activities 16.23K 3.760K 15.84K
Net Change In Cash -6.980K 21.93K -3.090K
YoY Change -241.58% -809.71% -65.12%
FREE CASH FLOW
Cash From Operating Activities -$23.21K $18.17K -$18.93K
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2021Q4 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
19548208 shares
CY2021Q3 us-gaap Cash
Cash
24612 USD
CY2021Q1 us-gaap Cash
Cash
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CY2021Q3 us-gaap Accounts Receivable Net
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CY2021Q1 us-gaap Accounts Receivable Net
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9384 USD
CY2021Q3 us-gaap Prepaid Expense Current
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3000 USD
CY2021Q1 us-gaap Prepaid Expense Current
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CY2021Q3 us-gaap Assets Current
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CY2021Q1 us-gaap Assets Current
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CY2021Q3 us-gaap Assets
Assets
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CY2021Q1 us-gaap Assets
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CY2021Q3 us-gaap Accounts Payable And Accrued Liabilities Current
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CY2021Q1 us-gaap Accounts Payable And Accrued Liabilities Current
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5500 USD
CY2021Q3 us-gaap Due To Related Parties Current
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CY2021Q1 us-gaap Due To Related Parties Current
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CY2021Q3 us-gaap Accrued Bonuses Current
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CY2021Q1 us-gaap Accrued Bonuses Current
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CY2021Q3 us-gaap Loans Payable Current
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CY2021Q1 us-gaap Loans Payable Current
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CY2021Q3 us-gaap Liabilities Current
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CY2021Q1 us-gaap Liabilities Current
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CY2021Q3 us-gaap Liabilities
Liabilities
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CY2021Q1 us-gaap Liabilities
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CY2021Q3 us-gaap Common Stock Par Or Stated Value Per Share
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CY2021Q3 us-gaap Common Stock Shares Issued
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CY2021Q1 us-gaap Common Stock Shares Outstanding
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CY2021Q3 us-gaap Common Stock Value
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CY2021Q1 us-gaap Common Stock Value
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CY2021Q3 us-gaap Additional Paid In Capital
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CY2021Q1 us-gaap Additional Paid In Capital
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CY2021Q3 us-gaap Retained Earnings Accumulated Deficit
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CY2021Q1 us-gaap Retained Earnings Accumulated Deficit
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CY2021Q1 us-gaap Stockholders Equity
StockholdersEquity
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CY2021Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
36996 USD
CY2021Q1 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
20825 USD
CY2021Q3 jfil Sales Of Goods
SalesOfGoods
0 USD
CY2020Q3 jfil Sales Of Goods
SalesOfGoods
0 USD
jfil Sales Of Goods
SalesOfGoods
0 USD
jfil Sales Of Goods
SalesOfGoods
0 USD
CY2021Q3 us-gaap Revenues
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0 USD
CY2020Q3 us-gaap Revenues
Revenues
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us-gaap Revenues
Revenues
0 USD
us-gaap Revenues
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CY2021Q3 us-gaap Cost Of Revenue
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CY2020Q3 us-gaap Cost Of Revenue
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us-gaap Cost Of Revenue
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us-gaap Cost Of Revenue
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CY2021Q3 us-gaap General And Administrative Expense
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CY2020Q3 us-gaap General And Administrative Expense
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us-gaap General And Administrative Expense
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us-gaap General And Administrative Expense
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CY2021Q3 us-gaap Operating Income Loss
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-18333 USD
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us-gaap Operating Income Loss
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us-gaap Operating Income Loss
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CY2021Q3 us-gaap Other Nonoperating Income Expense
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CY2020Q3 us-gaap Other Nonoperating Income Expense
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us-gaap Other Nonoperating Income Expense
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us-gaap Other Nonoperating Income Expense
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CY2021Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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CY2020Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
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CY2021Q3 us-gaap Net Income Loss
NetIncomeLoss
3667 USD
CY2020Q3 us-gaap Net Income Loss
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us-gaap Net Income Loss
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us-gaap Net Income Loss
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CY2021Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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us-gaap Earnings Per Share Basic
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us-gaap Earnings Per Share Basic
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CY2021Q3 us-gaap Earnings Per Share Basic And Diluted
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CY2020Q3 us-gaap Earnings Per Share Basic And Diluted
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us-gaap Earnings Per Share Basic And Diluted
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us-gaap Earnings Per Share Basic And Diluted
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CY2021Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2020Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2021Q3 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
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CY2020Q3 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
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us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
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us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
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CY2021Q2 us-gaap Stockholders Equity
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CY2021Q3 jfil Shares Awarded For Stock Compensation
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CY2021Q3 us-gaap Net Income Loss
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CY2021Q3 us-gaap Stockholders Equity
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us-gaap Net Income Loss
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us-gaap Net Income Loss
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CY2020Q3 us-gaap Stockholders Equity
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us-gaap Net Income Loss
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us-gaap Share Based Compensation
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us-gaap Share Based Compensation
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us-gaap Increase Decrease In Accounts Receivable
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us-gaap Increase Decrease In Accounts Receivable
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us-gaap Increase Decrease In Prepaid Expense
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us-gaap Increase Decrease In Prepaid Expense
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us-gaap Increase Decrease In Accrued Liabilities
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us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Cash And Cash Equivalents Period Increase Decrease
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us-gaap Cash And Cash Equivalents Period Increase Decrease
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CY2021Q1 us-gaap Cash And Cash Equivalents At Carrying Value
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us-gaap Interest Paid
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us-gaap Interest Paid
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us-gaap Income Taxes Paid
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us-gaap Income Taxes Paid
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us-gaap Use Of Estimates
UseOfEstimates
<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Management bases its estimates on historical experience and on various assumptions that are believed to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources.</p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">The Company’s significant estimates include income tax provisions and valuation allowances of deferred tax assets; the fair value of financial instruments and the assumption that the company will continue as a going concern. Those significant accounting estimates or assumptions bear the risk of change due to the fact that there are uncertainties attached to those estimates or assumptions, and certain estimates or assumptions are difficult to measure or value.</p>
CY2021Q3 us-gaap Assets Current
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36996 USD
CY2021Q3 us-gaap Liabilities Current
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1164799 USD
CY2021Q3 jfil Working Capital Deficit
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-1127803 USD
CY2021Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
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CY2021Q3 us-gaap Accounts Receivable Net
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9384 USD
CY2021Q1 us-gaap Accounts Receivable Net
AccountsReceivableNet
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CY2021Q3 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
3000 USD
CY2021Q1 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
9000 USD
us-gaap Professional Fees
ProfessionalFees
19000 USD

Files In Submission

Name View Source Status
0001477932-21-007032-index-headers.html Edgar Link pending
0001477932-21-007032-index.html Edgar Link pending
0001477932-21-007032.txt Edgar Link pending
0001477932-21-007032-xbrl.zip Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
jfil-20210831.xsd Edgar Link pending
jfil-20210831_cal.xml Edgar Link unprocessable
jfil-20210831_def.xml Edgar Link unprocessable
jfil-20210831_lab.xml Edgar Link unprocessable
jfil-20210831_pre.xml Edgar Link unprocessable
jfil_10q.htm Edgar Link pending
jfil_10q_htm.xml Edgar Link completed
jfil_ex311.htm Edgar Link pending
jfil_ex312.htm Edgar Link pending
jfil_ex321.htm Edgar Link pending
jfil_ex322.htm Edgar Link pending
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