Inventories

3 Months Ended

Mar. 31, 2023

Inventory Net [Abstract]

Inventories

Note 4. Inventories

Inventories as of March 31, 2023 and December 31, 2022, were comprised of the following:

	March 31,		December 31,
	2023		2022
Raw materials	$	183,246	$	160,442
Finished goods		205,890		158,082
Spare parts and other		142,303		131,946
	$	531,439	$	450,470

Note 4. Inventories (continued)

For the three month period ended March 31, 2023, primarily as a result of low hardwood pulp prices and high production and logistics costs for the Peace River mill, the Company recorded an inventory impairment charge of $15,200 (2022 – $nil) in "Cost of sales, excluding depreciation and amortization" in the Interim Consolidated Statements of Operations. As of March 31, 2023, $8,300 of the write-down was recorded against raw materials inventory and $6,900 was recorded against finished goods inventory. As of December 31, 2022, there were no inventory write-downs.