Property, Equipment and Leaseholds

12 Months Ended

Dec. 31, 2020

Property, Plant and Equipment [Abstract]

Property, Equipment and Leaseholds

6. Property, Equipment and Leaseholds

	2020		Accumulated		2020
	Cost		Depreciation		Net
Buildings and improvements	$	4,798,370	$	2,836,142	$	1,962,228
Automobiles		180,956		61,266		119,690
Computer hardware		43,593		41,957		1,636
Furniture and fixtures		111,145		101,186		9,959
Office equipment		1,864		971		893
Manufacturing equipment		6,154,425		3,573,748		2,580,677
Trailer		9,422		6,675		2,747
Boat		34,400		24,255		10,145
Leasehold improvements		88,872		87,205		1,667
Technology		107,295		107,295		—
Land		452,399		—		452,399
	$	11,982,741	$	6,840,700	$	5,142,041

	2019		Accumulated		2019
	Cost		Depreciation		Net
Buildings and improvements	$	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
Office equipment		1,827		733		1,094
Manufacturing equipment		5,634,255		3,106,526		2,527,729
Trailer		9,236		5,389		3,847
Boat		34,400		21,719		12,681
Leasehold improvements		88,872		68,571		20,301
Technology		105,177		105,177		—
Land		363,090		—		363,090
	$	10,166,757	$	6,161,081	$	4,005,676

Amount of depreciation expense for 2020: $659,233 (2019: $427,826) and is included in cost of sales in the consolidated statements of income and comprehensive income.

During the year, equipment with a cost of $79,517 and accumulated depreciation of $64,218 was disposed for proceeds of $24,789. The Company recognized a gain of $9,490 on the disposal.