Property, Equipment and Leaseholds

12 Months Ended

Dec. 31, 2017

Property, Plant and Equipment [Abstract]

Property, Equipment and Leaseholds

5.       Property, Equipment and Leaseholds

	2017		Accumulated		2017
	Cost		Depreciation		Net
Buildings and improvements	$	3,400,792	$	2,409,179	$	991,613
Computer hardware		40,904		39,398		1,506
Furniture and fixtures		17,673		11,156		6,517
Office equipment		1,480		148		1,332
Manufacturing equipment		2,590,158		2,104,137		486,021
Trailer		9,562		1,434		8,128
Boat		34,400		14,586		19,814
Leasehold improvements		85,432		32,506		52,926
Technology		101,748		101,748		—
Land		370,652		—		370,652
	$	6,652,801	$	4,714,292	$	1,938,509

	2016		Accumulated		2016
	Cost		Depreciation		Net
Buildings and improvements	$	4,762,094	$	2,967,370	$	1,794,724
Computer hardware		89,480		85,784		3,696
Furniture and fixtures		32,439		23,142		9,297
Office equipment		17,745		16,788		957
Manufacturing equipment		5,236,404		4,102,635		1,133,769
Trailer		12,859		12,250		609
Boat		34,400		9,632		24,768
Leasehold improvements		85,432		15,419		70,013
Technology		101,748		101,748		—
Land		356,111		—		356,111
	$	10,728,712	$	7,334,768	$	3,393,944

Amount of depreciation expense for 2017: $270,178 (2016: $524,463) and is included in cost of sales in the consolidated statements of income and comprehensive income.

In February 2017, the Company lost a net carrying value total of $2,196,722CAD ($1,659,404USD) in building and manufacturing equipment in a fire at the Taber, AB location. Insurance was in place. During the year ended December 31, 2017, the Company was approved for interim insurance proceeds of $5,570,000CAD ($4,207,578USD).