PROPERTY, EQUIPMENT AND LEASEHOLDS

12 Months Ended

Dec. 31, 2021

Property, Plant and Equipment [Abstract]

PROPERTY, EQUIPMENT AND LEASEHOLDS

6. Property, Equipment and Leaseholds

	2021		Accumulated		2021
	Cost		Depreciation		Net
Buildings and improvements	$	4,823,708	$	2,983,589	$	1,840,119
Automobiles		196,255		71,258		124,997
Computer hardware		43,605		42,456		1,149
Furniture and fixtures		130,658		106,101		24,557
Office equipment		1,872		1,155		717
Manufacturing equipment		6,867,799		4,171,699		2,696,100
Trailer		9,463		7,532		1,931
Boat		34,400		26,284		8,116
Leasehold improvements		88,872		88,872		—
Technology		107,759		107,759		—
Land		234,027		—		234,027
	$	12,538,418	$	7,606,705	$	4,931,713

	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

Amount of depreciation expense for 2021: $773,497 (2020: $659,233) and is included in cost of sales in the consolidated statements of income and comprehensive income.

During the year ended December 31, 2021, 3.3 acres of cleared and undeveloped land in Taber, AB Canada was disposed of for proceeds of $263,380 ($333,899CAD). With a cost of $219,318 ($278,040CAD) the Company recognized a gain of $44,330 ($55,859CAD) on the disposal. During the year ended December 31, 2020, 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.