Property, Plant & Equipment

9 Months Ended

Sep. 30, 2020

Property, Plant and Equipment [Abstract]

Property, Plant & Equipment

5. Property, Plant & equipment.

	September 30, 2020		Accumulated		September 30, 2020
	Cost		Depreciation		Net
Buildings	$	3,670,311	$	2,682,225	$	988,086
Automobiles		168,648		76,473		92,175
Computer hardware		43,473		41,715		1,758
Furniture and fixtures		110,972		100,006		10,966
Manufacturing equipment		6,348,792		3,312,880		3,035,912
Boat		34,400		23,621		10,779
Office equipment		1,779		874		905
Trailer		8,994		6,091		2,903
Leasehold Improvements		88,872		82,547		6,325
Land		357,473		-		357,473
Technology		102,417		102,417		-
	$	10,936,131	$	6,428,849	$	4,507,282

	December 31, 2019		Accumulated		December 31, 2019
	Cost		Depreciation		Net
Buildings	$	3,614,057	$	2,619,914	$	994,143
Automobiles		163,397		94,789		68,608
Computer hardware		43,540		41,233		2,307
Furniture and fixtures		108,906		97,030		11,876
Manufacturing equipment		5,634,255		3,106,526		2,527,729
Boat		34,400		21,719		12,681
Office equipment		1,827		733		1,094
Trailer		9,236		5,389		3,847
Leasehold improvements		88,872		68,571		20,301
Land		363,090		—		363,090
Technology		105,177		105,177		—
	$	10,166,757	$	6,161,081	$	4,005,676

Amount of depreciation expense for 2020: $433,259 (2019: $450,119) and is included in cost of sales in the consolidated statements of operations and comprehensive income.