Property, Plant & Equipment

6 Months Ended

Jun. 30, 2019

Property, Plant and Equipment [Abstract]

Property, Plant & Equipment

6. Property, Plant & equipment

	June 30, 2019		Accumulated		June 30, 2019
	Cost		Depreciation		Net
Buildings	$	3,526,192	$	2,572,004	$	954,188
Automobiles		193,397		93,771		99,626
Computer hardware		43,521		40,734		2,787
Furniture and fixtures		105,645		94,913		10,732
Manufacturing equipment		5,179,280		2,968,249		2,211,031
Boat		34,400		20,134		14,266
Office equipment		1,813		592		1,221
Trailer		9,167		4,531		4,636
Leasehold Improvements		88,872		59,254		29,618
Land		361,477		-		361,477
Technology		104,384		104,384		-
	$	9,648,148	$	5,958,566	$	3,689,582

	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 six months ended June 30, 2019: $297,746 (2018: $112,271) 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 a 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).