Property, Equipment and Leaseholds

12 Months Ended

Dec. 31, 2018

Property, Plant and Equipment [Abstract]

Property, Equipment and Leaseholds

6. Property, Equipment and Leaseholds

	2018		Accumulated		2018
	Cost		Depreciation		Net
Buildings and improvements	$	3,516,710	$	2,523,148	$	993,562
Automobiles		193,397		74,753		118,644
Computer hardware		43,414		40,226		3,188
Furniture and fixtures		105,494		93,087		12,407
Office equipment		1,740		438		1,302
Manufacturing equipment		3,859,653		2,838,344		1,021,309
Trailer		8,793		3,561		5,232
Boat		34,400		18,548		15,852
Leasehold improvements		88,872		49,937		38,935
Technology		100,136		100,136		—
Land		352,830		—		352,830
	$	8,305,439	$	5,742,178	$	2,563,261

	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

Amount of depreciation expense for 2018: $326,123 (2017: $270,178) and is included in cost of sales in the consolidated statements of income and comprehensive income.

In February of 2017, the Company lost a net carrying value total of $2,196,722CAD ($1,659,404 USD) in building and manufacturing equipment in a fire at the Taber, AB location. Insurance was in place. During the year ended December 31, 2018 the Company received the final insurance proceeds of $3,132,666 CAD ($2,349,498 USD). During the year ended 2017, the Company received interim insurance proceeds of $5,570,000 CAD ($4,207,578 USD).