Property, Plant & Equipment

3 Months Ended

Mar. 31, 2019

Property, Plant and Equipment [Abstract]

Property, Plant & Equipment

6. Property, Plant & equipment

	March 31, 2019		Accumulated		March 31, 2019
	Cost		Depreciation		Net
Buildings	$	3,521,375	$	2,547,462	$	973,913
Automobiles		193,397		84,262		109,135
Computer hardware		43,466		40,476		2,990
Furniture and fixtures		105,568		93,997		11,571
Manufacturing equipment		5,136,488		2,902,210		2,234,278
Boat		34,400		19,341		15,059
Office equipment		1,776		514		1,262
Trailer		8,977		4,036		4,941
Leasehold Improvements		88,872		54,595		34,277
Land		357,084		-		357,084
Technology		102,226		102,226		-
	$	9,563,629	$	5,849,119	$	3,744,510

	December 31, 2018		Accumulated		December 31, 2018
	Cost		Depreciation		Net
Buildings	$	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

Amount of depreciation expense for three months ended March 31, 2019: $144,169 (2018: $55,590) and is included in cost of sales in the unaudited interim condensed 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).