PROPERTY, EQUIPMENT & LEASEHOLDS

3 Months Ended

Mar. 31, 2022

Property, Plant and Equipment [Abstract]

PROPERTY, EQUIPMENT & LEASEHOLDS

6. Property, equipment & leaseholds

	March 31, 2022		Accumulated		March 31, 2022
	Cost		Depreciation		Net
Buildings and improvements	$	4,870,778	$	3,018,920	$	1,851,858
Automobiles		196,255		80,207		116,048
Computer hardware		43,644		42,571		1,073
Furniture and fixtures		130,714		108,421		22,293
Office equipment		1,899		1,208		691
Manufacturing equipment		6,999,195		4,314,689		2,684,506
Trailer		9,601		7,788		1,813
Boat		34,400		26,690		7,710
Leasehold improvements		88,872		88,872		—
Technology		109,370		109,370		—
Land		234,027		—		234,027
	$	12,718,755	$	7,798,736	$	4,920,019

	December 31, 2021		Accumulated		December 31, 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

Amount of depreciation expense for the three months ended March 31, 2022: $188,378 (2021: $184,855) and is included in cost of sales in the unaudited interim condensed consolidated statements of income and comprehensive income.