Long-lived Assets, net

3 Months Ended

Mar. 31, 2019

Long-lived Assets, net [Text Block]

7. Long-lived Assets, net

		March 31, 2019				December 31, 2018
		Cost		Accumulated		Net book value		Net book value
				depreciation
Composting buildings	$	2,200,566	$	202,956	$	1,997,610	$	1,988,144
Gore cover system		877,008		135,205		741,803		748,112
Driveway and paving		346,837		42,777		304,060		304,639
Machinery and equipment		58,502		26,777		31,725		27,661
Equipment under capital lease		399,667		151,341		248,326		280,323
Office trailer		6,361		2,942		3,419		3,817
Computer equipment		6,614		3,722		2,892		3,186
Computer software		6,884		5,307		1,577		2,389
Automotive equipment		1,497		636		861		953
Signage		2,540		741		1,799		1,886
	$	3,906,476	$	572,404	$	3,334,072	$	3,361,110

Included above are certain assets of Astoria acquired from BDO under the APA, which closed on September 15, 2017. The purchase price for the purchased assets, described as an organic composting facility, including composting buildings, gore cover system, driveway and paving, certain machinery and equipment, an office trailer, certain computer equipment and computer software consisted of cash of $3,026,114 ($3,917,300 CAD) and 529,970 restricted common shares of the Company, determined to be valued at $529,970 ($700,000 CAD), based on recent private placement pricing. In addition, legal costs in connection with acquiring the assets of $22,598 ($29,253 CAD), are included in the cost of the composting buildings. The purchase price was allocated to the assets acquired based on their estimated relative fair value as at the date the assets were acquired.