PROPERTY, EQUIPMENT & LEASEHOLDS

9 Months Ended

Sep. 30, 2023

Property, Plant and Equipment [Abstract]

PROPERTY, EQUIPMENT & LEASEHOLDS

6. PROPERTY, EQUIPMENT & LEASEHOLDS.

	September 30,		Accumulated		September 30,
	2023 Cost		Depreciation		2023 Net
Buildings and improvements	$	12,180,004	$	3,729,894	$	8,450,110
Automobiles		196,255		132,847		63,408
Computer hardware		43,436		42,840		596
Manufacturing equipment		9,498,662		5,533,484		3,965,178
Boat		34,400		29,331		5,069
Office equipment		134,119		119,730		14,389
Trailer		8,873		7,890		983
Leasehold Improvements		88,872		88,872		—
Land		440,592		—		440,592
Technology		101,038		101,038		—
	$	22,726,251	$	9,785,926	$	12,940,325

	December 31,		Accumulated		December 31,
	2022 Cost		Depreciation		2022 Net
Buildings and improvements	$	8,775,629	$	3,310,920	$	5,464,709
Automobiles		196,255		107,055		89,200
Computer hardware		43,432		42,663		769
Office equipment		133,280		112,782		20,498
Manufacturing equipment		8,634,063		4,891,736		3,742,327
Trailers		8,857		7,592		1,265
Boat		34,400		27,907		6,493
Leasehold improvements		88,872		88,872		—
Technology		100,860		100,860		—
Land		384,027		—		384,027
	$	18,399,675	$	8,690,387	$	9,709,288

The amount of depreciation expense for nine months ended September 30, 2023 was $1,095,171 (2022: $679,548) and is included in cost of sales in the unaudited condensed interim consolidated statements of operations and comprehensive income.