$JFIL
Jubilant Flame International, Ltd

2024 Q2 Form 10-K Financial Statement

#000147793224002544 Filed on May 07, 2024

View on sec.gov

Income Statement

Concept 2024 Q2 2024 Q1 2024
Revenue $0.00 $0.00 $0.00
YoY Change
Cost Of Revenue $0.00 $0.00 $0.00
YoY Change
Gross Profit $0.00 $0.00 $0.00
YoY Change
Gross Profit Margin
Selling, General & Admin $22.17K $15.62K $67.37K
YoY Change -7.02% 5.75% 9.46%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $22.17K $15.62K $67.37K
YoY Change -7.02% 5.75% 9.46%
Operating Profit -$22.17K -$15.62K -$67.37K
YoY Change -7.02% 5.75% 9.46%
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net $0.00 $0.00 $0.00
YoY Change
Pretax Income -$22.17K -$15.62K -$67.37K
YoY Change -7.02% 5.75% 9.46%
Income Tax $0.00 $0.00 $0.00
% Of Pretax Income
Net Earnings -$22.17K -$15.62K -$67.37K
YoY Change -7.02% 5.75% 9.46%
Net Earnings / Revenue
Basic Earnings Per Share
Diluted Earnings Per Share $0.00 $0.00 $0.00
COMMON SHARES
Basic Shares Outstanding 19.99M shares 19.99M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2024 Q2 2024 Q1 2024
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.320K $1.350K $1.350K
YoY Change -62.29% -62.29%
Cash & Equivalents $1.315K $1.345K
Short-Term Investments
Other Short-Term Assets $7.500K $11.25K $11.25K
YoY Change 5.44% 5.44%
Inventory
Prepaid Expenses $7.500K $11.25K
Receivables
Other Receivables
Total Short-Term Assets $8.815K $12.60K $12.60K
YoY Change -8.29% -11.6% -11.58%
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 $8.815K $12.60K $12.60K
Total Long-Term Assets $0.00 $0.00 $0.00
Total Assets $8.815K $12.60K $12.60K
YoY Change -8.29% -11.6% -11.58%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $46.97K $32.64K $568.1K
YoY Change 73.96% 14.21% 6.1%
Deferred Revenue
YoY Change
Short-Term Debt $697.8K $693.7K $693.7K
YoY Change 9.76% 9.76%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $1.328M $1.310M $1.310M
YoY Change 5.14% 5.28% 5.28%
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 $1.328M $1.310M $1.310M
Total Long-Term Liabilities $0.00 $0.00 $0.00
Total Liabilities $1.328M $1.310M $1.310M
YoY Change 5.14% 5.28% 5.28%
SHAREHOLDERS EQUITY
Retained Earnings -$3.808M -$3.786M
YoY Change 1.76% 1.81%
Common Stock $19.99K $19.99K
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$1.319M -$1.297M -$1.297M
YoY Change
Total Liabilities & Shareholders Equity $8.815K $12.60K $12.60K
YoY Change -8.29% -11.6% -11.58%

Cashflow Statement

Concept 2024 Q2 2024 Q1 2024
OPERATING ACTIVITIES
Net Income -$22.17K -$15.62K -$67.37K
YoY Change -7.02% 5.75% 9.46%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities -$4.091K -$4.320K -$63.89K
YoY Change -81.29% -76.01% 59.21%
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 $4.061K 3.160K $61.65K
YoY Change -80.47% -82.45% 53.63%
NET CHANGE
Cash From Operating Activities -$4.091K -4.320K -$63.89K
Cash From Investing Activities
Cash From Financing Activities $4.061K 3.160K $61.65K
Net Change In Cash -$30.00 -1.160K -$2.237K
YoY Change -97.22%
FREE CASH FLOW
Cash From Operating Activities -$4.091K -$4.320K -$63.89K
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

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Cash
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CY2023Q1 us-gaap Cash
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CY2024 dei Document Period End Date
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CY2024 dei Entity Central Index Key
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CY2024 dei Amendment Flag
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CY2023Q1 us-gaap Common Stock Shares Outstanding
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CY2024 dei Document Type
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CY2024 dei Document Annual Report
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CY2024 dei Document Transition Report
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CY2024 dei Entity File Number
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CY2024 dei Entity Registrant Name
EntityRegistrantName
Jubilant Flame International, LTD.
CY2024 dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
NV
CY2024 dei Entity Address Address Line1
EntityAddressAddressLine1
Room 508
CY2024 dei Entity Address Address Line2
EntityAddressAddressLine2
T1N Vi Park
CY2024 dei Entity Address Address Line3
EntityAddressAddressLine3
360 Xin Long Road
CY2024 dei Entity Address City Or Town
EntityAddressCityOrTown
Shanghai
CY2024 dei Entity Address Country
EntityAddressCountry
CN
CY2024 dei Entity Address Postal Zip Code
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201101
CY2024 dei City Area Code
CityAreaCode
86 21
CY2024 dei Local Phone Number
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64748888
CY2024 dei Security12g Title
Security12gTitle
Common Stock, $0.001 par value
CY2024 dei Entity Well Known Seasoned Issuer
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No
CY2024 dei Entity Voluntary Filers
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CY2024 dei Entity Current Reporting Status
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CY2024 dei Entity Filer Category
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CY2024Q2 dei Entity Common Stock Shares Outstanding
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CY2024 dei Auditor Firm
AuditorFirmId
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CY2024 dei Auditor Name
AuditorName
KCCW Accountancy Corp.
CY2024 dei Auditor Location
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Diamond Bar, California
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CY2024 us-gaap Net Cash Provided By Used In Operating Activities
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<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><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;">Management regularly reviews its estimates utilizing currently available information, changes in facts and circumstances, historical experience and reasonable assumptions. After such reviews, and if deemed appropriate, those estimates are adjusted accordingly. Actual results could differ from those estimates.</p>
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Files In Submission

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0001477932-24-002544-index.html Edgar Link pending
0001477932-24-002544.txt Edgar Link pending
0001477932-24-002544-xbrl.zip Edgar Link pending
Financial_Report.xlsx Edgar Link pending
jfil-20240229.xsd Edgar Link pending
jfil_10k.htm Edgar Link pending
jfil_ex311.htm Edgar Link pending
jfil_ex312.htm Edgar Link pending
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