$JFIL
Jubilant Flame International, Ltd

2024 Q4 Form 10-Q Financial Statement

#000147793224006326 Filed on October 10, 2024

View on sec.gov

Income Statement

Concept 2024 Q4 2024 Q3
Revenue $0.00 $0.00
YoY Change
Cost Of Revenue $0.00 $0.00
YoY Change
Gross Profit $0.00 $0.00
YoY Change
Gross Profit Margin
Selling, General & Admin $14.13K $10.07K
YoY Change -5.51% -22.21%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $14.13K -$10.07K
YoY Change -5.51% -22.21%
Operating Profit -$14.13K -$10.07K
YoY Change -5.51% -22.21%
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net $0.00 $0.00
YoY Change
Pretax Income -$14.13K -$10.07K
YoY Change -5.51% -22.21%
Income Tax $0.00 $0.00
% Of Pretax Income
Net Earnings -$14.13K -$10.07K
YoY Change -5.51% -22.21%
Net Earnings / Revenue
Basic Earnings Per Share
Diluted Earnings Per Share
COMMON SHARES
Basic Shares Outstanding 19.99M shares 19.99M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2024 Q4 2024 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $1.255K $1.285K
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses $15.60K $3.750K
Receivables
Other Receivables
Total Short-Term Assets $16.86K $5.035K
YoY Change -3.7% -16.87%
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
YoY Change
TOTAL ASSETS
Total Short-Term Assets $16.86K $5.035K
Total Long-Term Assets $0.00 $0.00
Total Assets $16.86K $5.035K
YoY Change -3.7% -16.87%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $30.09K $29.53K
YoY Change 19.94% 73.98%
Deferred Revenue
YoY Change
Short-Term Debt
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $1.360M $1.334M
YoY Change 4.72% 4.86%
LONG-TERM LIABILITIES
Long-Term Debt
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $1.360M $1.334M
Total Long-Term Liabilities
Total Liabilities $1.360M $1.334M
YoY Change 4.72% 4.86%
SHAREHOLDERS EQUITY
Retained Earnings -$3.832M -$3.818M
YoY Change 1.64% 1.67%
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 -$1.343M -$1.329M
YoY Change
Total Liabilities & Shareholders Equity $16.86K $5.035K
YoY Change -3.7% -16.87%

Cashflow Statement

Concept 2024 Q4 2024 Q3
OPERATING ACTIVITIES
Net Income -$14.13K -$10.07K
YoY Change -5.51% -22.21%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities
YoY Change
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
YoY Change
NET CHANGE
Cash From Operating Activities
Cash From Investing Activities
Cash From Financing Activities
Net Change In Cash
YoY Change
FREE CASH FLOW
Cash From Operating Activities
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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NetIncomeLoss
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us-gaap Net Income Loss
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CY2024Q1 us-gaap Liabilities Current
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CY2024Q3 us-gaap Liabilities
Liabilities
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CY2024Q1 us-gaap Liabilities
Liabilities
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CY2024Q3 us-gaap Common Stock Value
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CY2024Q1 us-gaap Common Stock Value
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CY2024Q3 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
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CY2024Q1 us-gaap Additional Paid In Capital
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CY2024Q3 us-gaap Retained Earnings Accumulated Deficit
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us-gaap Revenues
Revenues
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CY2023Q3 us-gaap Cost Of Revenue
CostOfRevenue
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us-gaap Cost Of Revenue
CostOfRevenue
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CY2024Q3 us-gaap Selling General And Administrative Expense
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CY2024Q3 jfil Accounts Payables Related Parties Current
AccountsPayablesRelatedPartiesCurrent
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CY2024Q1 jfil Accounts Payables Related Parties Current
AccountsPayablesRelatedPartiesCurrent
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CY2024Q3 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
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CY2024Q1 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
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CY2024Q3 us-gaap Accrued Bonuses Current
AccruedBonusesCurrent
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CY2024Q1 us-gaap Accrued Bonuses Current
AccruedBonusesCurrent
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CY2024Q3 us-gaap Loans Payable Current
LoansPayableCurrent
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CY2024Q1 us-gaap Loans Payable Current
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CY2024Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
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CY2024Q3 us-gaap Stockholders Equity
StockholdersEquity
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CY2024Q1 us-gaap Stockholders Equity
StockholdersEquity
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CY2024Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
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CY2023Q2 us-gaap Stockholders Equity
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CY2023Q3 us-gaap Stockholders Equity
StockholdersEquity
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CY2024Q1 us-gaap Stockholders Equity
StockholdersEquity
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us-gaap Net Income Loss
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CY2024Q3 us-gaap Stockholders Equity
StockholdersEquity
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CY2023Q1 us-gaap Stockholders Equity
StockholdersEquity
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StockholdersEquity
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us-gaap Revenues
Revenues
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us-gaap Net Income Loss
NetIncomeLoss
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CY2024Q2 us-gaap Stockholders Equity
StockholdersEquity
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CY2024Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2024Q1 us-gaap Prepaid Expense Current
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CY2024Q3 us-gaap Assets Current
AssetsCurrent
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CY2024Q3 us-gaap Assets
Assets
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CY2024Q1 us-gaap Assets
Assets
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CY2024Q3 us-gaap Liabilities Current
LiabilitiesCurrent
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CY2024Q3 us-gaap Revenues
Revenues
0 usd
dei Entity Central Index Key
EntityCentralIndexKey
0001517389
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--02-28
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2024
CY2024Q1 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2024Q1 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
75000000 shares
CY2024Q1 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
19985708 shares
CY2024Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
19985708 shares
dei Document Type
DocumentType
10-Q
dei Document Quarterly Report
DocumentQuarterlyReport
true
dei Document Period End Date
DocumentPeriodEndDate
2024-08-31
dei Document Transition Report
DocumentTransitionReport
false
dei Entity File Number
EntityFileNumber
333-173456
dei Entity Registrant Name
EntityRegistrantName
Jubilant Flame International, LTD
dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
NV
dei Entity Address Address Line1
EntityAddressAddressLine1
Room 508
dei Entity Address Address Line2
EntityAddressAddressLine2
T1N Vi Park
dei Entity Address Address Line3
EntityAddressAddressLine3
360 Xin Long Road
dei Entity Address City Or Town
EntityAddressCityOrTown
Shanghai
dei Entity Address Country
EntityAddressCountry
CN
dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
201101
dei City Area Code
CityAreaCode
86 21
dei Local Phone Number
LocalPhoneNumber
64748888
dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
dei Entity Filer Category
EntityFilerCategory
Non-accelerated Filer
dei Entity Small Business
EntitySmallBusiness
true
dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
false
dei Entity Shell Company
EntityShellCompany
false
CY2024Q4 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
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CY2024Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2024Q1 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
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CY2023Q3 us-gaap Revenues
Revenues
0 usd
CY2024Q3 us-gaap Cost Of Revenue
CostOfRevenue
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us-gaap Cost Of Revenue
CostOfRevenue
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CY2023Q3 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
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us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
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us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
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CY2024Q3 us-gaap Operating Expenses
OperatingExpenses
-10069 usd
CY2023Q3 us-gaap Operating Expenses
OperatingExpenses
-12943 usd
us-gaap Operating Expenses
OperatingExpenses
-32240 usd
us-gaap Operating Expenses
OperatingExpenses
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CY2024Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
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CY2023Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
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us-gaap Operating Income Loss
OperatingIncomeLoss
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us-gaap Operating Income Loss
OperatingIncomeLoss
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CY2024Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
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CY2023Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
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us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
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us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
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CY2024Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
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CY2023Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
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us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
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us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
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CY2024Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2023Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2024Q3 us-gaap Net Income Loss
NetIncomeLoss
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CY2023Q3 us-gaap Net Income Loss
NetIncomeLoss
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CY2024Q3 jfil Earnings Per Shares Basic And Diluted
EarningsPerSharesBasicAndDiluted
-0.00
CY2023Q3 jfil Earnings Per Shares Basic And Diluted
EarningsPerSharesBasicAndDiluted
-0.00
jfil Earnings Per Shares Basic And Diluted
EarningsPerSharesBasicAndDiluted
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jfil Earnings Per Shares Basic And Diluted
EarningsPerSharesBasicAndDiluted
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CY2024Q3 jfil Weighted Average Number Of Shares Outstanding Basic And Diluted
WeightedAverageNumberOfSharesOutstandingBasicAndDiluted
19985708 shares
CY2023Q3 jfil Weighted Average Number Of Shares Outstanding Basic And Diluted
WeightedAverageNumberOfSharesOutstandingBasicAndDiluted
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jfil Weighted Average Number Of Shares Outstanding Basic And Diluted
WeightedAverageNumberOfSharesOutstandingBasicAndDiluted
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jfil Weighted Average Number Of Shares Outstanding Basic And Diluted
WeightedAverageNumberOfSharesOutstandingBasicAndDiluted
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CY2024Q3 us-gaap Net Income Loss
NetIncomeLoss
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CY2024Q3 us-gaap Stockholders Equity
StockholdersEquity
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us-gaap Profit Loss
ProfitLoss
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us-gaap Profit Loss
ProfitLoss
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us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
-7500 usd
us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
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jfil Increase Decrease Accrued Expense
IncreaseDecreaseAccruedExpense
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jfil Increase Decrease Accrued Expense
IncreaseDecreaseAccruedExpense
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us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
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us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
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us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
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us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
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us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
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CY2024Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
3582 usd
CY2024Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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us-gaap Interest Paid Net
InterestPaidNet
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us-gaap Interest Paid Net
InterestPaidNet
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us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
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us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
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AssetsCurrent
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LiabilitiesCurrent
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WorkingCapitalDeficit
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CY2024Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
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CY2024Q3 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
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CY2024Q1 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
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CY2024Q3 us-gaap Loans Payable Current
LoansPayableCurrent
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CY2024Q1 us-gaap Loans Payable Current
LoansPayableCurrent
693725 usd
us-gaap Professional Fees
ProfessionalFees
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jfil Accruedofficercompensation Textblock
AccruedofficercompensationTextblock
<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"><strong>NOTE 6 – ACCRUED OFFICER COMPENSATION </strong></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;">On December 15, 2015, the Company entered into an employment agreement with its president, Ms. Yan Li. The agreement was retroactively effective as of December 4, 2015, for a term of 36 months (measured from December 4, 2015). Pursuant to the agreement, Ms. Yan Li shall receive an annual salary of $100,500 and 100,000 shares of the Company’s common stock.</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;">As of August 31, 2024, a total of $535,500 has been accrued as salary compensation payable compared to $535,500 at February 29, 2024. </p>
CY2024Q3 us-gaap Accrued Bonuses Current
AccruedBonusesCurrent
535500 usd
CY2024Q1 us-gaap Accrued Bonuses Current
AccruedBonusesCurrent
535500 usd

Files In Submission

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0001477932-24-006326-index.html Edgar Link pending
0001477932-24-006326.txt Edgar Link pending
0001477932-24-006326-xbrl.zip Edgar Link pending
Financial_Report.xlsx Edgar Link pending
jfil-20240831.xsd Edgar Link pending
jfil_10q.htm Edgar Link pending
jfil_ex311.htm Edgar Link pending
jfil_ex312.htm Edgar Link pending
jfil_ex321.htm Edgar Link pending
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jfil-20240831_pre.xml Edgar Link unprocessable