Property and Equipment, Net

12 Months Ended

Dec. 31, 2021

Property, Plant and Equipment [Abstract]

Property and Equipment, Net

11. Property and Equipment, Net

Property and equipment, net as of December 31, 2021 and 2020 consisted of the following: 

	December 31,			December 31,
	2021			2020
Photovoltaic solar systems	$	34,487		$	33,174
Computer equipment, bitcoin server		4,147			4,155
Furniture, fixtures and equipment		2,587			2,220
Automobile		4,722			6,040
Leasehold improvements		332			599
Plant Equipment		3,138			–
		49,413			46,188
Less: accumulated depreciation		(11,335	)		(11,058	)
		38,078			35,130
Less: impairment		(2,328	)		(2,328	)
	$	35,750		$	32,802

The costs of PV solar system include costs of acquiring permits, construction fees of PV solar system, costs of items installed in the PV solar system including solar panels, and other costs incurred that are directly attributable to getting the PV solar system ready for its intended use of grid connection with customer for supply of electricity. The computer equipment-bitcoin server has been sold in January 2022. Depreciation of property and equipment was $3,344, $3,200 and $1,981 for the years ended December 31, 2021, 2020 and 2019, respectively. Impairment loss on property and equipment of nil, nil and $2,235 for the years ended December 31, 2021, 2020 and 2019, respectively.