Property, Plant & Equipment

6 Months Ended

Jun. 30, 2018

Property, Plant and Equipment [Abstract]

Property, Plant & Equipment

5. Property, Plant & equipment

	June 30, 2018		Accumulated		June 30, 2018
	Cost		Depreciation		Net
Buildings and Improvements	$	3,396,306	$	2,457,839	$	939,467
Computer hardware		43,505		39,819		3,686
Furniture and fixtures		21,356		11,992		9,364
Manufacturing equipment		2,595,201		2,152,656		442,545
Boat		34,400		16,567		17,833
Office equipment		1,802		287		1,515
Trailer		9,110		2,528		6,582
Leasehold Improvements		88,872		41,737		47,135
Land		360,170		-		360,170
Technology		103,742		103,742		-
	$	6,654,464	$	4,827,167	$	1,827,297

	December 31, 2017		Accumulated		December 31, 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

Amount of depreciation expense for the six months ended June 30, 2018: $112,271 (2017: $127,318) and is included in cost of sales in the Unaudited Condensed Interim Consolidated Statements of Comprehensive Income (Loss).

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 six months ended June 30, 2017, the Company was approved for interim insurance proceeds of $5,570,000CAD ($4,207,578USD). During the six months ended June 30, 2018, the Company was approved for and received a final insurance payment of $3,132,666CAD ($2,426,876USD). An after-tax gain of $1,714,261USD (2017 – $2,245,718USD) is included as other income in the Unaudited Condensed Interim Consolidated Statement of Operations and Comprehensive Income (Loss).